| ____________________ THE MONARCH CEMENT COMPANY(Exact name of registrant as specified in its charter)____________________ |
|--------------------------------------------------------------------------------------------------------------------------------|
| KANSAS(state or other jurisdiction of incorporation or organization)                                                           | 48-0340590(IRS employer identification no.) |
|                                                                                                                           |   |
| P.O. BOX 1000, HUMBOLDT, KANSAS(address of principal executive offices)                                                        | 66748-0900(zip code) |

|  Large accelerated filer     o                                                    |  Accelerated filer                x |
|---------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|
|  Non-accelerated filer       o(Do not check if a smaller reporting company)  |  Smaller reporting company  o                                                                   |

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| The Monarch Cement Company and Subsidiaries                                |
|---------------------------------------------------------------------------------|
| Condensed Consolidated Balance Sheets                                      |
| June 30, 2012 (Unaudited) and December 31, 2011                            |
|                                                                            |   |   |   |   |   |   |
| ASSETS                                                                          |   | 2012 |   |   | 2011 |   |
| Current Assets:                                                                 |   |   |   |   |   |   |
| Cash and cash equivalents                                                       |   | $ | 1,003,077 |   |   | $ | 1,123,870 |   |
| Receivables, less allowances of $655,000 in 2012 and                            |   |   |   |   |   |   |   |   |
| $670,000 in 2011 for doubtful accounts                                          |   |   | 21,198,663 |   |   |   | 15,970,034 |   |
| Inventories, priced at cost which is not in excess of market-                   |   |   |   |   |   |   |   |   |
| Finished cement                                                                 |   | $ | 5,275,343 |   |   | $ | 3,963,233 |   |
| Work in process                                                                 |   |   | 1,990,951 |   |   |   | 1,353,361 |   |
| Building products                                                               |   |   | 4,766,624 |   |   |   | 4,236,266 |   |
| Fuel, gypsum, paper sacks and other                                             |   |   | 6,392,185 |   |   |   | 6,416,618 |   |
| Operating and maintenance supplies                                              |   |   | 11,868,327 |   |   |   | 11,892,887 |   |
| Total inventories                                                               |   | $ | 30,293,430 |   |   | $ | 27,862,365 |   |
| Refundable federal and state income taxes                                       |   |   | -       |   |   |   | 353,199 |   |
| Deferred income taxes                                                           |   |   | 750,000 |   |   |   | 750,000 |   |
| Prepaid expenses                                                                |   |   | 1,036,428 |   |   |   | 631,461 |   |
| Total current assets                                                            |   | $ | 54,281,598 |   |   | $ | 46,690,929 |   |
| Property, Plant and Equipment, at cost, less                                    |   |   |   |   |   |   |   |   |
| accumulated depreciation and depletion of $187,789,042                          |   |   |   |   |   |   |   |   |
| in 2012 and $182,427,598 in 2011                                                |   |   | 83,993,702 |   |   |   | 86,719,411 |   |
| Deferred Income Taxes                                                           |   |   | 16,385,410 |   |   |   | 18,416,410 |   |
| Investments                                                                     |   |   | 23,429,869 |   |   |   | 20,026,704 |   |
| Other Assets                                                                    |   |   | 1,610,510 |   |   |   | 1,801,356 |   |
|                                                                            |   | $ | 179,701,089 |   |   | $ | 173,654,810 |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                            |   |   |   |   |   |   |   |   |
| Current Liabilities:                                                            |   |   |   |   |   |   |   |   |
| Accounts payable                                                                |   | $ | 7,851,717 |   |   | $ | 5,451,853 |   |
| Line of credit payable                                                          |   |   | 9,154,764 |   |   |   | 4,844,469 |   |
| Current portion of term loan                                                    |   |   | 2,967,510 |   |   |   | 2,920,023 |   |
| Current portion of other long-term debt                                         |   |   | 175,000 |   |   |   | 175,000 |   |
| Accrued liabilities                                                             |   |   | 5,231,830 |   |   |   | 7,883,704 |   |
| Total current liabilities                                                       |   | $ | 25,380,821 |   |   | $ | 21,275,049 |   |
| Long-Term Debt                                                                  |   |   | 5,708,270 |   |   |   | 7,303,137 |   |
| Accrued Postretirement Benefits                                                 |   |   | 33,875,675 |   |   |   | 33,327,243 |   |
| Accrued Pension Expense                                                         |   |   | 13,301,129 |   |   |   | 13,676,003 |   |
| Stockholders' Equity:                                                           |   |   |   |   |   |   |   |   |
| Capital Stock, par value $2.50 per share, one vote per share -                  |   |   |   |   |   |   |   |   |
| Authorized 10,000,000 shares, Issued and Outstanding 2,578,359                  |   |   |   |   |   |   |   |   |
| shares at 6/30/2012 and 2,569,831 shares at 12/31/2011                          |   | $ | 6,445,898 |   |   | $ | 6,424,578 |   |
| Class B Capital Stock, par value $2.50 per share, supervoting                   |   |   |   |   |   |   |   |   |
| rights of ten votes per share, restricted transferability,                      |   |   |   |   |   |   |   |   |
| convertible at all times into Capital Stock on a share-for-share                |   |   |   |   |   |   |   |   |
| basis - Authorized 10,000,000 shares, Issued and Outstanding                    |   |   |   |   |   |   |   |   |
| 1,435,275 shares at 6/30/2012 and 1,443,803 shares at 12/31/2011                |   |   | 3,588,187 |   |   |   | 3,609,507 |   |
| Additional paid-in-capital                                                      |   |   | 2,485,125 |   |   |   | 2,485,125 |   |
| Retained earnings                                                               |   |   | 97,925,589 |   |   |   | 97,751,202 |   |
| Accumulated other comprehensive loss                                            |   |   | (9,009,605 | ) |   |   | (12,197,034 | ) |
| Total stockholders' equity                                                      |   | $ | 101,435,194 |   |   | $ | 98,073,378 |   |
|                                                                            |   | $ | 179,701,089 |   |   | $ | 173,654,810 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| See accompanying Notes to the Condensed Consolidated Financial Statements  |   |   |   |   |   |   |   |   |

| The Monarch Cement Company and Subsidiaries                                       |
|----------------------------------------------------------------------------------------|
| Condensed Consolidated Statements Of Income (Loss) And Retained Earnings               |
| For the Three Months and the Six Months Ended June 30, 2012 and 2011 (Unaudited)  |
|                                                                                   |   |    For the Three Months Ended   |   |   | For the Six Months Ended |   |
|                                                                                   |   | June 30, 2012 |   |   | June 30, 2011 |   |   | June 30, 2012 |   |   | June 30, 2011 |   |
| NET SALES                                                                              |   | $ | 41,165,502 |   |   | $ | 31,384,137 |   |   | $ | 69,163,596 |   |   | $ | 48,794,852 |   |
| COST OF SALES                                                                          |   |   | 32,701,111 |   |   |   | 27,228,173 |   |   |   | 60,189,237 |   |   |   | 48,292,303 |   |
|        Gross profit from operations                 |   | $ | 8,464,391 |   |   | $ | 4,155,964 |   |   | $ | 8,974,359 |   |   | $ | 502,549 |   |
| SELLING, GENERAL AND                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   ADMINISTRATIVE EXPENSES                                                    |   |   | 3,897,341 |   |   |   | 4,023,396 |   |   |   | 7,931,767 |   |   |   | 7,854,700 |   |
|        Income (Loss) from operations                |   | $ | 4,567,050 |   |   | $ | 132,568 |   |   | $ | 1,042,592 |   |   | $ | (7,352,151 | ) |
| OTHER INCOME (EXPENSE):                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Interest income                                                      |   | $ | 29,980 |   |   | $ | 31,755 |   |   | $ | 57,872 |   |   | $ | 80,639 |   |
|    Interest expense                                                     |   |   | (137,648 | ) |   |   | (144,197 | ) |   |   | (237,697 | ) |   |   | (220,977 | ) |
|    Gain on sale of equity investments                                   |   |   | 152,014 |   |   |   | 2,584,382 |   |   |   | 567,544 |   |   |   | 5,197,438 |   |
|    Dividend income                                                      |   |   | 24,578 |   |   |   | 49,269 |   |   |   | 25,787 |   |   |   | 107,183 |   |
|    Other, net                                                           |   |   | 883 |   |   |   | 91,487 |   |   |   | 66,424 |   |   |   | 257,355 |   |
|                                                                                   |   | $ | 69,807 |   |   | $ | 2,612,696 |   |   | $ | 479,930 |   |   | $ | 5,421,638 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Income (Loss) before taxes                   |   | $ | 4,636,857 |   |   | $ | 2,745,264 |   |   | $ | 1,522,522 |   |   | $ | (1,930,513 | ) |
| PROVISION FOR (BENEFIT FROM)                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| INCOME TAXES                                                                           |   |   | 1,300,000 |   |   |   | 70,000 |   |   |   | 425,000 |   |   |   | (540,000 | ) |
| NET INCOME (LOSS)                                                                      |   | $ | 3,336,857 |   |   | $ | 2,675,264 |   |   | $ | 1,097,522 |   |   | $ | (1,390,513 | ) |
| RETAINED EARNINGS, beg. of period                                                      |   |   | 95,511,867 |   |   |   | 98,204,787 |   |   |   | 97,751,202 |   |   |   | 102,270,564 |   |
| Less cash dividends                                                                    |   |   | 923,135 |   |   |   | 947,317 |   |   |   | 923,135 |   |   |   | 947,317 |   |
| Less purchase and retirement of capital stock                                          |   |   | -       |   |   |   | 1,992,757 |   |   |   | -       |   |   |   | 1,992,757 |   |
| RETAINED EARNINGS, end of period                                                       |   | $ | 97,925,589 |   |   | $ | 97,939,977 |   |   | $ | 97,925,589 |   |   | $ | 97,939,977 |   |
| Basic earnings (losses) per share                                                      |   | $ | 0.83 |   |   | $ | 0.66 |   |   | $ | 0.27 |   |   | $ | (0.34 | ) |
| Cash dividends per share                                                               |   | $ | 0.23 |   |   | $ | 0.23 |   |   | $ | 0.23 |   |   | $ | 0.23 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Condensed Consolidated Statements of Comprehensive Income (Loss)        |
| For the Three Months and the Six Months Ended June 30, 2012 and 2011 (Unaudited)  |
|                                                                                   |   | For the Three Months Ended |   |   | For the Six Months Ended |   |
|                                                                                   |   | June 30, 2012 |   |   | June 30, 2011 |   |   | June 30, 2012 |   |   | June 30, 2011 |   |
| NET INCOME (LOSS)                                                                      |   | $ | 3,336,857 |   |   | $ | 2,675,264 |   |   | $ | 1,097,522 |   |   | $ | (1,390,513 | ) |
| UNREALIZED APPRECIATION (DEPRECIATION)                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ON AVAILABLE FOR SALE SECURITIES                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Net of deferred tax expense (benefit) of $220,000,                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $(448,000), $1,940,000 and $1,232,000, respectively)                                   |   |   | 332,014 |   |   |   | (677,618 | ) |   |   | 2,907,544 |   |   |   | 1,845,438 |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| RECLASSIFICATION ADJUSTMENT FOR SALE                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OF SECURITIES INCLUDED IN NET INCOME                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (LOSS) (Net of deferred tax expense (benefit)                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     of  $60,000, $1,036,000, $228,000 and                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  $2,080,000, respectively.                                                        |   |   | (92,014 | ) |   |   | (1,548,382 | ) |   |   | (339,544 | ) |   |   | (3,117,438 | ) |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| MINIMUM PENSION LIABILITY (Net of                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| deferred tax expense (benefit) of $268,000, $0,                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $268,000, and $0, respectively)                                                        |   |   | 403,379 |   |   |   | -       |   |   |   | 403,379 |   |   |   | -       |   |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| POSTRETIREMENT LIABILITY (Net of                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| deferred tax expense (benefit) of $144,000, $0,                                        |   |   | 216,050 |   |   |   | -       |   |   |   | 216,050 |   |   |   | -       |   |
| $144,000, and $0, respectively)                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| COMPREHENSIVE INCOME (LOSS)                                                            |   | $ | 4,196,286 |   |   | $ | 449,264 |   |   | $ | 4,284,951 |   |   | $ | (2,662,513 | ) |
|                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying Notes to the Condensed Consolidated Financial Statements              |   |   |   |   |   |   |   |   |   |

| The Monarch Cement Company And Subsidiaries                                                          |   |   |                                  |   |   |   |
|------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------|--------|--------|--------|
| Condensed Consolidated Statements of Cash Flows                                                      |   |   |                                  |   |   |   |
| For the Six Months Ended June 30, 2012 and 2011 (Unaudited)                                     |
|                                                                                                 |   |   |                                  |   |   |   |
|                                                                                                 |   | 2012   |                                  |   | 2011   |   |
| OPERATING ACTIVITIES:                                                                                |   |   |                                  |   |   |   |
|   Net income (loss)                                                                        |   | $      | 1,097,522                             |   |   | $      | (1,390,513 | ) |
|   Adjustments to reconcile net income (loss) to net cash                                   |   |   |                                  |   |   |   |   |   |
|     provided by (used for) operating activities:                                 |   |   |                                  |   |   |   |   |   |
|       Depreciation, depletion and amortization                         |   |   | 5,884,758                             |   |   |   | 5,635,517 |   |
|       Deferred income taxes                                            |   |   | (93,000                               | )      |   |   | 728,300 |   |
|       Gain on disposal of assets                                       |   |   | (14,799                               | )      |   |   | (39,083 | ) |
|       Realized gain on sale of equity investments                      |   |   | (567,544                              | )      |   |   | (5,197,438 | ) |
|       Postretirement benefits and pension expense                      |   |   | 1,204,987                             |   |   |   | 1,200,772 |   |
|       Change in assets and liabilities:                                |   |   |                                  |   |   |   |   |   |
|           Receivables, net                         |   |   | (5,228,629                            | )      |   |   | (3,294,241 | ) |
|           Inventories                              |   |   | (2,431,065                            | )      |   |   | (595,021 | ) |
|           Refundable income taxes                  |   |   | 353,199                               |   |   |   | (1,520,677 | ) |
|           Prepaid expenses                         |   |   | (404,967                              | )      |   |   | (473,746 | ) |
|           Other assets                             |   |   | 45,626                                |   |   |   | 1,500 |   |
|           Accounts payable and accrued liabilities |   |   | 1,576,956                             |   |   |   | (456,307 | ) |
|         Net cash provided by (used for) operating activities |   | $      | 1,423,044                             |   |   | $      | (5,400,937 | ) |
|                                                                                                 |   |   |                                  |   |   |   |   |   |
| INVESTING ACTIVITIES:                                                                                |   |   |                                  |   |   |   |   |   |
|   Acquisition of property, plant and equipment                                             |   | $      | (3,009,507                            | )      |   | $      | (2,430,708 | ) |
|   Proceeds from disposals of property, plant and equipment                                 |   |   | 27,783                                |   |   |   | 72,820 |   |
|   Payment for acquisition of business, net of cash acquired                                |   |   | -       |   |   |   | (534,392 | ) |
|   Payment for purchases of equity investments                                              |   |   | -       |   |   |   | (1,599,647 | ) |
|   Proceeds from disposals of equity investments                                            |   |   | 1,444,378                             |   |   |   | 7,878,129 |   |
|   Increase in short-term investments, net                                                  |   |   | -       |   |   |   | (10,166 | ) |
|         Net cash provided by (used for) investing activities |   | $      | (1,537,346                            | )      |   | $      | 3,376,036 |   |
|                                                                                                 |   |   |                                  |   |   |   |   |   |
| FINANCING ACTIVITIES:                                                                                |   |   |                                  |   |   |   |   |   |
|   Increase in line of credit, net                                                          |   | $      | 4,310,296                             |   |   | $      | 7,574,661 |   |
|   Payments on bank loans                                                                   |   |   | (1,446,676                            | )      |   |   | (1,531,063 | ) |
|   Payments on other long-term debt                                                         |   |   | (100,704                              | )      |   |   | (509,305 | ) |
|   Cash dividends paid                                                                      |   |   | (2,769,407                            | )      |   |   | (2,793,305 | ) |
|   Purchases of capital stock                                                               |   |   | -       |   |   |   | (2,213,757 | ) |
|         Net cash provided by (used for) financing activities |   | $      | (6,491                                | )      |   | $      | 527,231 |   |
|                                                                                                 |   |   |                                  |   |   |   |   |   |
| Net decrease in cash and cash equivalents                                                       |   | $      | (120,793                              | )      |   | $      | (1,497,670 | ) |
| CASH AND CASH EQUIVALENTS, beginning of year                                                         |   |   | 1,123,870                             |   |   |   | 2,695,267 |   |
| CASH AND CASH EQUIVALENTS, end of period                                                             |   | $      | 1,003,077                             |   |   | $      | 1,197,597 |   |
|                                                                                                 |   |   |                                  |   |   |   |   |   |
| Supplemental disclosures:                                                                            |   |   |                                  |   |   |   |   |   |
|    Interest paid, net of amount capitalized                                           |   | $      | 237,697                               |   |   | $      | 220,977 |   |
|    Income taxes paid, net of refunds                                                  |   | $      | -       |   |   | $      | 385,527 |   |
|    Capital equipment additions included in accounts payable                           |   | $      | 103,570                               |   |   | $      | 108,339 |   |
| Non-cash investing activities:                                                                       |   |   |                                  |   |   |   |   |   |
|    Issuance of 105,750 shares of capital stock                                        |   |   |                                  |   |   |   |   |   |
| related to acquisition of business                                                                   |   | $      | -       |   |   | $      | 2,749,500 |   |
| Note payable related to acquisition of business                                                      |   | $      | -       |   |   | $      | 927,443 |   |
|                                                                                                 |   |   |                                  |   |   |   |   |   |
| See accompanying Notes to the Condensed Consolidated Financial Statements                            |   |   |                                  |   |   |

| THE MONARCH CEMENT COMPANY AND SUBSIDIARIES                               |
|---------------------------------------------------------------------------|
| NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS             |
| June 30, 2012 and 2011 (Unaudited), and December 31, 2011  |

| 1.   | The Monarch Cement Company (Monarch) is principally engaged in the manufacture and sale of portland cement. The marketing area for Monarch's products consists primarily of the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas and northern Oklahoma. Sales are made primarily to contractors, ready-mixed concrete plants, concrete products plants, building materials dealers and governmental agencies. Subsidiaries of Monarch (which together with Monarch are referred to herein as the "Company") sell ready-mixed concrete, concrete products and sundry building materials within Monarch's marketing area. For a summary of accounting policies, the reader should refer to Note 1 of the consolidated financial statements included in our Company's most recent annual report on Form 10-K. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Our Company groups its operations into two lines of business - Cement Business and Ready-Mixed Concrete Business. The "Cement Business" refers to our manufacture and sale of cement and "Ready-Mixed Concrete Business" refers to our ready-mixed concrete, concrete products, precast concrete construction, and sundry building materials business. Our Ready-Mixed Concrete Business includes precast concrete construction which involves short-term and long-term contracts. Short-term contracts for specific projects are generally of three to six months in duration. Long-term contracts relate to specific projects with terms in excess of one year from the contract date. Revenues for these contracts are recognized under the percentage of completion method of accounting using cost-to-cost measures. Revenues from contracts using the cost-to-cost measures of completion are recognized based on the ratio of contract costs incurred to date to total estimated contract costs. Full provision is made for any anticipated losses. The majority of the long-term contracts will allow only scheduled billings and contain retainage provisions under which 5% to 10% of the contract invoicing may be withheld by the customer pending project completion. As of June 30, 2012, the amount of billed retainage which is included in accounts receivable was approximately $147,000, all of which is expected to be collected within one year. The amount of billed retainage which was included in accounts receivable at December 31, 2011 was approximately $129,000. The amount of unbilled revenue in accounts receivable was approximately $1,814,000 and $802,000 at June 30, 2012 and December 31, 2011, respectively. Unbilled revenue contained approximately $242,000 and $125,000 of not-currently-billable retainage at June 30, 2012 and December 31, 2011, respectively, which is expected to be collected within one year. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | As of June 30, 2012, the amount of accounts payable related to property, plant and equipment was $103,570 compared to December 31, 2011 which was $86,264. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | We did not incur any temporary LIFO liquidation gain for the six months ended June 30, 2012 or 2011. During the three months ended June 30, 2012 and the corresponding period in 2011, we restored a $0.5 million and $0.2 million, respectively, LIFO liquidation incurred in the first three months of each year as a result of reductions in finished cement and work in process inventory. The temporary LIFO liquidation gains had been deferred as a component of accrued liabilities. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Corporate assets for 2012 and 2011 include cash and cash equivalents, deferred income taxes, investments and other assets. Corporate assets for 2011 also include refundable income taxes. Following is a summary of the Company's business segment results for the periods indicated: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                      |   |           |       |   | Ready-Mixed      |    |                                  | Adjustments     |   |   |                                  |    |
|-----------------------------------------------------------|--------|----------------|------------|--------|------------------|---------|---------------------------------------|-----------------|--------|--------|---------------------------------------|---------|
|                                                      |   | CementBusiness |       |   | ConcreteBusiness |    |                                  | andEliminations |   |   |  Consolidated                    |    |
| For the Three Months Ended 6/30/12                        |   |           |       |   |             |    |                                  |            |   |   |                                  |    |
|    Sales to unaffiliated customers              |   | $              | 13,807,451 |   |             | $       | 27,358,051                            |            |   | $      | -       |    |   | $ | 41,165,502 |   |
|    Intersegment sales                           |   |           | 5,390,409  |   |             |    | -       |            |   |   | (5,390,409                            | )  |   |   | -       |   |
|       Total net sales            |   | $              | 19,197,860 |   |             | $       | 27,358,051                            |            |   | $      | (5,390,409                            | )  |   | $ | 41,165,502 |   |
|    Income from operations                  |   | $              | 3,737,649  |   |             | $       | 829,401                               |            |   |   |                                  |    |   | $ | 4,567,050 |   |
|    Other income, net                            |   |           |       |   |             |    |                                  |            |   |   |                                  |    |   |   | 69,807 |   |
|       Income before income taxes |   |           |       |   |             |    |                                  |            |   |   |                                  |    |   | $ | 4,636,857 |   |
|    Capital Expenditures                         |   | $              | 1,034,587  |   |             | $  | 314,921                               |            |   |   |                                  |    |   | $ | 1,349,508 |   |

| For the Three Months Ended 6/30/11                        |   |   |       |   |   |   |                                  |   |   |   |                             |   |
|-----------------------------------------------------------|--------|--------|------------|--------|--------|--------|---------------------------------------|--------|--------|--------|----------------------------------|--------|
|    Sales to unaffiliated customers              |   | $      | 12,890,501 |   |   | $      | 18,493,636                            |   |   | $      | -       |   |   | $ | 31,384,137 |   |
|    Intersegment sales                           |   |   | 3,721,722  |   |   |   | -       |   |   |   | (3,721,722                       | )      |   |   | -       |   |
|       Total net sales            |   | $      | 16,612,223 |   |   | $      | 18,493,636                            |   |   | $      | (3,721,722                       | )      |   | $ | 31,384,137 |   |
|    Income (Loss) from operations                |   | $      | 1,352,876  |   |   | $      | (1,220,308                            | )      |   |   |                             |   |   | $ | 132,568 |   |
|    Other income, net                            |   |   |       |   |   |   |                                  |   |   |   |                             |   |   | $ | 2,612,696 |   |
|       Income before income taxes |   |   |       |   |   |   |                                  |   |   |   |                             |   |   | $ | 2,745,264 |   |
|    Capital Expenditures                    |   | $      | 820,951    |   |   | $      | 509,846                               |   |   |   |                             |   |   | $ | 1,330,797 |   |

| For the Six Months Ended 6/30/12                          |   |   |       |   |   |   |                                  |    |   |   |                                  |    |
|-----------------------------------------------------------|--------|--------|------------|--------|--------|--------|---------------------------------------|---------|--------|--------|---------------------------------------|---------|
|    Sales to unaffiliated customers              |   | $      | 23,011,373 |   |   | $      | 46,152,223                            |    |   | $      | -       |    |   | $ | 69,163,596 |   |
|    Intersegment sales                           |   |   | 9,169,438  |   |   |   | -       |    |   |   | (9,169,438                            | )  |   |   | -       |   |
|       Total net sales            |   | $      | 32,180,811 |   |   | $      | 46,152,223                            |    |   | $      | (9,169,438                            | )  |   | $ | 69,163,596 |   |
|    Income (Loss) from operations                |   | $      | 2,286,646  |   |   | $      | (1,244,054                            | )  |   |   |                                  |    |   | $ | 1,042,592 |   |
|    Other income, net                            |   |   |       |   |   |   |                                  |    |   |   |                                  |    |   |   | 479,930 |   |
|       Income before income taxes |   |   |       |   |   |   |                                  |    |   |   |                                  |    |   | $ | 1,522,522 |   |
|    Capital Expenditures                         |   | $      | 1,689,646  |   |   | $      | 1,337,167                             |    |   |   |                                  |    |   | $ | 3,026,813 |   |

| For the Six Months Ended 6/30/11      |   |   |            |   |   |    |                                  |   |   |   |                                  |   |
|--------------------------------------------|--------|--------|-----------------|--------|--------|---------|---------------------------------------|--------|--------|--------|---------------------------------------|--------|
| Sales to unaffiliated customers            |   | $      | 18,997,645      |   |   | $       | 29,797,207                            |   |   | $      | -       |   |   | $ | 48,794,852 |   |
| Intersegment sales                         |   |   | 5,911,723       |   |   |    | -       |   |   |   | (5,911,723                            | )      |   |   | -       |   |
|    Total net sales          |   | $      | 24,909,368      |   |   | $       | 29,797,207                            |   |   | $      | (5,911,723                            | )      |   | $ | 48,794,852 |   |
| Loss from operations                       |   | $      | (3,585,507      | )      |   | $       | (3,766,644                            | )      |   |   |                                  |   |   | $ | (7,352,151 | ) |
| Other income, net                          |   |   |            |   |   |    |                                  |   |   |   |                                  |   |   |   | 5,421,638 |   |
|    Loss before income taxes |   |   |            |   |   |    |                                  |   |   |   |                                  |   |   | $ | (1,930,513 | ) |
|    Capital Expenditures     |   | $      |  1,348,043 |   |   | $  |  1,178,509                       |   |   |   |                                  |   |   | $  |  2,526,552 |   |

| Balance as of 6/30/12            |   |   |   |       |   |   |   |       |   |   |   |   |   |   |   |        |   |
|----------------------------------|--------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|--------|--------|--------|--------|-------------|--------|
|    Identifiable Assets |   |   | $      | 86,916,220 |   |   | $      | 49,606,003 |   |   |   |   |   |   | $      | 136,522,223 |   |
|    Corporate Assets    |   |   |   |       |   |   |   |       |   |   |   |   |   |   |   | 43,178,866  |   |
|                             |   |   |   |       |   |   |   |       |   |   |   |   |   |   | $      | 179,701,089 |   |

| Balance as of 12/31/11           |   |   |   |       |   |   |   |       |   |   |   |   |   |   |   |        |   |
|----------------------------------|--------|--------|--------|------------|--------|--------|--------|------------|--------|--------|--------|--------|--------|--------|--------|-------------|--------|
|    Identifiable Assets |   |   | $      | 84,843,017 |   |   | $      | 46,340,254 |   |   |   |   |   |   | $      | 131,183,271 |   |
|    Corporate Assets    |   |   |   |       |   |   |   |       |   |   |   |   |   |   |   | 42,471,539  |   |
|                             |   |   |   |       |   |   |   |       |   |   |   |   |   |   | $      | 173,654,810 |   |

| 6.        | Realized gains (losses) on equity investments are computed using the specific identification method. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value:  Level 1 - Quoted prices in active markets for identical assets or liabilities Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilitiesLevel 3 - Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities. Cash and cash equivalents have carrying values that approximate fair value using level 1 prices. Receivables, accounts payable and long-term debt have carrying values that approximate fair values using level 2 inputs. Equity securities for which the Company has no immediate plan to sell but that may be sold in the future are classified as available for sale.  If the fair value of the equity security is readily determinable, it is carried at fair value and unrealized gains and losses are recorded, net of related income tax effects, in stockholders' equity. Realized gains and losses, based on the specifically identified cost of the security, are included in net income (loss). The Company's valuation techniques used to measure the fair value of its marketable equity securities were derived from quoted prices in active markets for identical assets (level 1 prices). Equity securities whose fair value is not readily determinable are carried at cost unless the Company is aware of significant adverse effects which have impaired the investments. Investments that are recorded at cost are evaluated quarterly for events that may adversely impact their carrying value. |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                    |   |       |       |   | Fair Value Measurements Using: |    |
|---------------------------------------------------------------------------------------------------------|--------|------------|------------|--------|-------------------------------------|---------|
|                              |   |       |       |   | Quoted Prices                       |    |   |   |   |   |   |   |
|                                                                                                    |   |       |       |   | in Active                           |    |   | Significant |   |   |   |   |
|                                                                                                    |   |       |       |   | Markets for                         |    |   | Other |   |   | Significant |   |
|                                                                                                    |   |       |       |   | Identical                      |    |   |  Observable |   |   |  Unobservable |   |
| June 30, 2012:                                                                                |   |       |       |   |  Assets                        |    |   | Inputs |   |   | Input |   |
| Assets:                                                                                            |   | Fair Value |       |   | (Level 1)                           |    |   | (Level 2) |   |   | (Level 3) |   |
|    Available-for-sale equity securities                                             |   |       |       |   |                                |    |   |   |   |   |   |   |
|       Cement industry                                                          |   |  $    | 11,031,286 |   |                                | $  | 11,031,286 |   |   | $ | -       |   |   | $ |  -       |   |
|       General building materials industry                                      |   |       | 4,625,818  |   |                                |    | 4,625,818 |   |   |   |  -       |   |   |   |  -       |   |
|       Oil and gas refining and marketing industry                              |   |       | 5,153,862  |   |                                |    | 5,153,862 |   |   |   | -       |   |   |   | -       |   |
| Total assets measured at fair value                                                                     |   | $          | 20,810,966 |   |                                | $       | 20,810,966 |   |   | $ | -       |   |   | $ | -       |   |
|                                                                                                    |   |       |       |   |                                |    |   |   |   |   |   |   |   |   |   |   |
| December 31, 2011:                                                                                      |   |       |       |   |                                |    |   |   |   |   |   |   |   |   |   |   |
| Assets:                 |   |       |       |   |                                |    |   |   |   |   |   |   |   |   |   |   |
|    Available-for-sale equity securities                                                  |   |       |       |   |                                |    |   |   |   |   |   |   |   |   |   |   |
|       Cement industry                                                          |   | $          | 8,750,156  |   |                                | $       | 8,750,156 |   |   | $ | -       |   |   | $ |  -       |   |
|       General building materials industry                                      |   |       | 4,583,882  |   |                                |    | 4,583,882 |   |   |   | -       |   |   |   | -       |   |
|       Oil and gas refining and marketing industry                              |   |       | 3,631,747  |   |                                |    | 3,631,747 |   |   |   | -       |   |   |   | -       |   |
|       Residential construction industry                                   |   |       | 442,015    |   |                                |    | 442,015 |   |   |   | -       |   |   |   | -       |   |
| Total assets measured at fair value                                                                     |   | $          | 17,407,800 |   |                                | $       | 17,407,800 |   |   | $ | -       |   |   | $ | -       |   |

| Available-for-sale equity securities |   | Less than 12 Months |                                  |   | 12 Months or Greater |   |                                  | Total  |   |
|-------------------------------------------|--------|---------------------|---------------------------------------|--------|----------------------|--------|---------------------------------------|-------------|--------|
|                                      |   |                |                                  |   | Unrealized           |   |                                  |        |   |   | Unrealized |   |   |   |   |   | Unrealized |   |
| June 31, 2012                        |   | Fair Value          |                                  |   | Losses               |   |                                  | Fair Value  |   |   | Losses |   |   | Fair Value |   |   | Losses |   |
|    Cement industry              |   | $                   | -       |   |                 | $      | -       |        |   | $ | 13,500 |   |   | $ | 4,616 |   |   | $ | 13,500 |   |   | $ | 4,616 |   |
| Total                                     |   | $                   | -       |   |                 | $      | -       |        |   | $ | 13,500 |   |   | $ | 4,616 |   |   | $ | 13,500 |   |   | $ | 4,616 |   |

|  December 31, 2011                                   |   |   |                                  |   |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------|--------|--------|---------------------------------------|--------|--------|--------|---------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|    Cement industry                              |   | $      | 517,188                          |   |   | $      | 53,352                                |   |   | $      | 12,900 |   |   | $      | 5,216  |   |   | $      | 530,088 |   |   | $ | 58,568 |   |
|    Residential construction                |   |   |                                  |   |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|          industry |   |   | -       |   |   |   | -       |   |   |   | 6,310  |   |   |   | 4,413  |   |   |   | 6,310 |   |   |   | 4,413 |   |
| Total                                                     |   | $      | 517,188                               |   |   | $      | 53,352                                |   |   | $      | 19,210 |   |   | $      | 9,629  |   |   | $      | 536,398 |   |   | $ | 62,981 |   |

|                                                                        |   | Amortized |       |   | Gross Unrealized |    |       | Fair   |   |
|-----------------------------------------------------------------------------|--------|-----------|------------|--------|------------------|---------|------------|--------|--------|
| June 30, 2012                                                          |   | Cost      |       |   | Gains            |    |       | Losses |   |   | Value |   |
| Available for sale equity securities                                        |   |      |       |   |             |    |       |   |   |   |   |   |
| Cement industry                                                             |   | $         | 5,410,000  |   |             | $       | 5,620,000  |   |   | $ | -       |   |   | $ | 11,030,000 |   |
| General building materials industry                                         |   |      | 3,820,000  |   |             |    | 810,000    |   |   |   | -       |   |   |   | 4,630,000 |   |
| Oil and gas refining and marketing industry                                 |   |      | 780,000    |   |             |    | 4,370,000  |   |   |   | -       |   |   |   | 5,150,000 |   |
| Total available for sale equity securities                                  |   | $         | 10,010,000 |   |             | $       | 10,800,000 |   |   | $ | -       |   |   | $ | 20,810,000 |   |
| Less: Deferred taxes on unrealized holding gains                            |   |      |       |   |             |    | 4,320,000  |   |   |   |   |   |   |   |   |   |
|     Unrealized gains recorded in equity, net of deferred tax |   |      |       |   |             | $  | 6,480,000  |   |   |   |   |   |   |   |   |   |

| December 31, 2011                                        |   |   |       |      |   |   |      |   |   |   |                                  |   |
|----------------------------------------------------------|--------|--------|------------|-----------|--------|--------|-----------|--------|--------|--------|---------------------------------------|--------|
| Available for sale equity securities                     |   |   |       |      |   |   |      |   |   |   |                                  |   |
| Cement industry                                          |   | $      | 5,985,000  |      |   | $      | 2,765,000 |   |   | $      | -       |   |   | $ | 8,750,000 |   |
| General building materials industry                      |   |   | 3,819,000  |      |   |   | 765,000   |   |   |   | -       |   |   |   | 4,584,000 |   |
| Oil and gas refining and marketing industry              |   |   | 782,000    |      |   |   | 2,850,000 |   |   |   | -       |   |   |   | 3,632,000 |   |
| Residential construction industry                        |   |   | 302,000    |      |   |   | 140,000   |   |   |   | -       |   |   |   | 442,000 |   |
| Total available for sale equity securities               |   | $      | 10,888,000 |      |   | $      | 6,520,000 |   |   | $      | -       |   |   | $ | 17,408,000 |   |
| Less: Deferred taxes on unrealized holding gains         |   |   |       |      |   |   | 2,608,000 |   |   |   |                                  |   |   |   |   |   |
| Unrealized gains recorded in equity, net of deferred tax |   |   | $          | 3,912,000 |   |   |      |   |   |   |                                  |   |   |

|                                                |   |    | June 30, 2012                         |   |   |    | December 31, 2011 |    |
|-----------------------------------------------------|--------|---------|---------------------------------------|--------|--------|---------|-------------------|---------|
|   Proceeds from sale of equity securities |   | $  | 1,444,378                             |   |   | $  | 8,287,182         |    |
|   Realized gain on equity securities      |   | $  | 567,544                               |   |   | $  | 5,051,406         |    |
|   Realized losses due to other-than-temporary  |   |    |                                  |   |   |    |              |    |
|     impairment of equity securities  |   | $  | -       |   |   | $  |  (415,287    | )  |

| 7. | The following table presents the components of net periodic pension and postretirement benefit costs allocated to Cost of Sales and Selling, General and Administrative expenses for the six months ended June 30, 2012 and 2011:  |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                          |   | Pension Benefits  |                                  |   | Other Benefits  |   |
|-----------------------------------------------|--------|------------------------|---------------------------------------|--------|----------------------|--------|
|                                          |   | 2012                   |                                  |   | 2011                 |   |   | 2012 |   |   | 2011 |   |
| Service cost                                  |   | $                      | 399,438                               |   |                 | $      | 375,834 |   |   | $ | 352,064 |   |   | $ | 307,132 |   |
| Interest cost                                 |   |                   | 988,056                               |   |                 |   | 1,010,353 |   |   |   | 872,984 |   |   |   | 872,456 |   |
| Less: Expected return on plan assets          |   |                   | 1,040,385                             |   |                 |   | 968,550 |   |   |   | -       |   |   |   | -       |   |
| Amortization of prior service cost            |   |                   | 54,371                                |   |                 |   | 54,989 |   |   |   | (25,756 | ) |   |   | (25,376 | ) |
| Recognized net actuarial loss            |   |                   | 617,177                               |   |                 |   | 456,494 |   |   |   | -       |   |   |   | -       |   |
| Unrecognized net loss                         |   |                   | -       |   |                 |   | -       |   |   |   | 390,900 |   |   |   | 340,437 |   |
|     Net periodic expense  |   | $                      | 1,018,657                             |   |                 | $      | 929,120 |   |   | $ | 1,590,192 |   |   | $ | 1,494,649 |   |

|                                          |   | Pension Benefits  |                                  |   | Other Benefits  |   |
|-----------------------------------------------|--------|------------------------|---------------------------------------|--------|----------------------|--------|
|                                          |   | 2012                   |                                  |   | 2011                 |   |   | 2012 |   |   | 2011 |   |
| Service cost                                  |   | $                      | 199,652                               |   |                 | $      | 187,917 |   |   | $ | 185,732 |   |   | $ | 144,716 |   |
| Interest cost                                 |   |                   | 493,862                               |   |                 |   | 505,176 |   |   |   | 460,544 |   |   |   | 411,088 |   |
| Less: Expected return on plan assets          |   |                   | 520,018                               |   |                 |   | 484,275 |   |   |   | -       |   |   |   | -       |   |
| Amortization of prior service cost            |   |                   | 27,176                                |   |                 |   | 27,495 |   |   |   | (13,588 | )  |   |   | (11,957 | ) |
| Recognized net actuarial loss            |   |                   | 308,485                               |   |                 |   | 228,247 |   |   |   | -       |   |   |   | -       |   |
| Unrecognized net loss                         |   |                   | -       |   |                 |   | -       |   |   |   | 206,219 |   |   |   | 160,409 |   |
|     Net periodic expense  |   | $                      | 509,157                               |   |                 | $      | 464,560 |   |   | $ | 838,907 |   |   | $ | 704,256 |   |

| 8. | Other, net contains miscellaneous nonoperating income (expense) items other than interest income, interest expense, gains on sale of equity investments and dividend income. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Basic earnings per share of capital stock has been calculated based on the weighted average shares outstanding during each of the reporting periods. The weighted average number of shares outstanding was 4,013,634 in the second quarter and first six months of 2012. The weighted average number of shares outstanding was 4,078,756 and 4,046,069 in the second quarter and first six months of 2011, respectively. The Company has no capital stock equivalents and therefore, does not report diluted earnings per share. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | The Company files income tax returns in the U.S. Federal jurisdiction and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. Federal or state income tax examinations by tax authorities for years before 2008. The Company believes it is not subject to any significant tax risk.  The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits, nor were any interest expenses recognized during the six months ended June 30, 2012 or June 30, 2011.  |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| THE MONARCH CEMENT COMPANY AND SUBSIDIARIES      |
|--------------------------------------------------|
| ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS     |
| OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |

      -  general economic and business conditions; 
      -  competition; 
      -  raw material and other operating costs; 
      -  costs of capital equipment; 
      -  changes in business strategy or expansion plans; 
      -  demand for our Company's products; 
      -  cyclical and seasonal nature of our business; 
      -  the effect of weather on our business; 
      -  the effect of environmental and other government regulations; 
      -  the availability of credit at reasonable prices; and 
      -  the effect of federal and state funding on demand for our products. 

| 31.1       | Certificate of the President and Chairman of the Board pursuant to Section 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934. |
|------------|----------------------------------------------------------------------------------------------------------------------------------------|
| 31.2  | Certificate of the Chief Financial Officer pursuant to Section 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.             |
| 32.1       | 18 U.S.C. Section 1350 Certificate of the President and Chairman of the Board dated August 9, 2012.                               |
| 32.2       | 18 U.S.C. Section 1350 Certificate of the Chief Financial Officer dated August 9, 2012.                                           |
| 95         | Mine Safety Disclosures                                                                                                      |
| 101.INS    | XBRL Instance Document                                                                                                                 |
| 101.SCH    | XBRL Taxonomy Extension Schema                                                                                                         |
| 101.CAL    | XBRL Taxonomy Extension Calculation Linkbase                                                                                           |
| 101.DEF    | XBRL Taxonomy Extension Definition Linkbase                                                                                            |
| 101.LAB    | XBRL Taxonomy Extension Label Linkbase                                                                                                 |
| 101.PRE    | XBRL Taxonomy Extension Presentation Linkbase                                                                                          |

----

|                                                                                                         |                                             |                                                                                                         |   |  The Monarch Cement Company                                                                                                                     |   |
|--------------------------------------------------------------------------------------------------------------|--------------------------------------------------|--------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                    |                                             |                    |   |                   (Registrant)                                  |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|  Date      August 9, 2012         |          |                                                                                                         |   |   /s/ Walter H. Wulf, Jr.                                                 |   |
|                                                                                                         |          |                                                                                                         |   |  Walter H. Wulf, Jr.                                                                                                                            |   |
|                                                                                                         |          |                                                                                                         |   |  President and                                                                                                                                  |   |
|                                                                                                         |          |                                                                                                         |   |  Chairman of the Board                                                                                                                          |   |
|                                                                                                         |                         |                                                                                                         |   |  (principal executive officer)                                                                                                                  |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|                                                                                                         |                                             |                                                                                                         |   |                                                                                                                                                 |   |
|  Date      August 9, 2012         |                                             |                                                                                                         |   |  /s/ Debra P. Roe                      |   |
|                                                                                                         |                                             |                                                                                                         |   |  Debra P. Roe, CPA                                                                                                                              |   |
|                                                                                                         |                                             |                                                                           |   |  Chief Financial Officer and                                                                                                          |   |
|                                                                                                         |                                             |                                                                                                         |   |  Assistant Secretary-Treasurer                                                                                                                  |   |
|                                                                                                         |                                             |                                                                                                         |   |  (principal financial officer and                                                                                                               |   |
|                                                                                                         |                                             |                                                                                                         |   |  principal accounting officer)                                                                                                                  |   |

----

| Exhibit Number    |                                    Description                                   |
|----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                             | Certificate of the President and Chairman of the Board pursuant to Section 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.                                                                                                                                                                                                                                                                                                    |
| 31.2                        | Certificate of the Chief Financial Officer pursuant to Section 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.                                                                                                                                                                                                                                                                                                                |
| 32.1                             | 18 U.S.C. Section 1350 Certificate of the President and Chairman of the Board dated August 9, 2012.                                                                                                                                                                                                                                                                                                                                  |
| 32.2                             | 18 U.S.C. Section 1350 Certificate of the Chief Financial Officer dated August 9, 2012.                                                                                                                                                                                                                                                                                                                                              |
| 95                               | Mine Safety Disclosures                                                                                                                                                                                                                                                                                                                                                                                                         |
| 101.INS                          | XBRL Instance Document                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 101.SCH                          | XBRL Taxonomy Extension Schema                                                                                                                                                                                                                                                                                                                                                                                                            |
| 101.CAL                          | XBRL Taxonomy Extension Calculation Linkbase                                                                                                                                                                                                                                                                                                                                                                                              |
| 101.DEF                          | XBRL Taxonomy Extension Definition Linkbase                                                                                                                                                                                                                                                                                                                                                                                               |
| 101.LAB                          | XBRL Taxonomy Extension Label Linkbase                                                                                                                                                                                                                                                                                                                                                                                                    |
| 101.PRE                          | XBRL Taxonomy Extension Presentation Linkbase                                                                                                                                                                                                                                                                                                                                                                                             |