SECURITIES AND EXCHANGE
COMMISSION


Washington,
D.C. 20549





FORM
10-QSB





QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the
Quarterly period ended  March 31,
2008





Commission
File No. 000-52530








AcrossAmericaFinancial Services,
Inc.


(Exact
Name of Small Business Issuer as specified in its charter)





Colorado
            20-8097969(State
      or other jurisdiction
            (IRS
      Employer File Number)of
      incorporation)700
      17th
      Street, Suite 1200Denver,
      Colorado
            80202(Address
      of principal executive offices)
            (zip
      code)





(303)
893-1003


(Registrant's
telephone number, including area code)





Check
whether the issuer: (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports); and (2) has been subject
to such filing requirements for the past 90 days.Yes [X]  No [
]





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act)     Yes [X]  No
[]





As
of  May 1, 2008, registrant had outstanding 1,810,476 shares of the
registrant’s common stock.  The securities of this Company do not
trade in a public market.




Transitional
Small Business Disclosure Format (check one):  Yes [ ] No [X]












FORM
10-QSB


Across
America Financial Services, Inc.





TABLE OF
CONTENTS











PagePART
      I  FINANCIAL INFORMATIONItem
      1. Financial Statements for the period ended March 31,
2008Balance
      Sheet (Unaudited)
            3Statements
      of Operations (Unaudited)
            4Statement
      of Changes in Stockholders’ Deficit
            5Statements
      of Cash Flows (Unaudited)
            6Notes
      to Financial Statements
            7Item
      2. Management’s Discussion and Analysis and Plan of
    Operation
            10Item
      3. Controls and Procedures
            15PART
      II  OTHER INFORMATIONItem
      1. Legal Proceedings
            15Item
      2. Changes in Securities
            15Item
      3. Defaults Upon Senior Securities
            15Item
      4. Submission of Matters to a Vote of Security Holders
            15Item
      5. Other Information
            16Item
      6. Exhibits and Reports on Form 8-K
            16Signatures
            16




-
2 -





PART
I  FINANCIAL INFORMATION





References
in this document to "us," "we," or "Company" refer to Across America Financial
Services, Inc.





ITEM
1.  FINANCIAL STATEMENTS





Across
      America Financial Services, Inc.(A
      Development Stage Company)Balance
      SheetMarch
      31, 2008AssetsCash
      and cash equivalents  (note 1)
            
            $
            22,053Prepaid
      expenses
            
            
            1,283Total
      assets
            
            $
            23,336Liabilities
      and Shareholders' DeficitLiabilitiesAccrued
      liabilities  (note 1)
            
            $
            13,264Note
      payable, related party  (note 2)
            
            
            82,753Total
      liabilities
            
            
            96,017Shareholders'
      deficit (note 4)Preferred
      stock, $.10 par value; 1,000,000 shares authorized,
            
            
            --0-
      shares issued and outstandingCommon
      stock, $.001 par value; 50,000,000 shares authorized,
            
            
            1,8101,810,476
      shares issued and outstandingAdditional
      paid-in-capital
            
            
            614Deficit
      accumulated during development stage
            
            
            (75,105
            )Total
      shareholders' deficit
            
            
            (72,681
            )Total
      liabilities and shareholders' deficit
            
            $
            23,336




The
accompanying notes are an integral part of these financial
statements.


-
3 -





Across
      America Financial Services, Inc.(A
      Development Stage Company)Statements
      of Operations
            
            
            
            
            
            
            
            December
      1,2005(Inception)For
      three months ended
            
            
            ThroughMarch
      31,
            
            
            March
      31,2008
            
            
            2007
            
            
            2008Operating
      expenses:Selling,
      general and administrative  (note 6)
            
            $
            11,241
            
            
            $
            39,867
            
            
            $
            66,130Total
      operating expenses
            
            
            11,241
            
            
            
            39,867
            
            
            
            66,130Loss
      from operations
            
            
            (11,241
            )
            
            
            (39,867
            )
            
            
            (66,130
            )Non-operating
      expense:Interest
      expense, related party (note 2)
            
            
            (2,753
            )
            
            
            (49
            )
            
            
            (8,975
            )Loss
      before income taxes
            
            
            (13,994
            )
            
            
            (39,916
            )
            
            
            (75,105
            )Net
      loss
            
            $
            (13,994
            )
            
            $
            (39,916
            )
            
            $
            (75,105
            )Basic
      and diluted loss per share
            
            $
            (0.01
            )
            
            $
            (0.02
            )Basic
      and diluted weighted average commonshares
      outstanding
            
            
            1,853,054
            
            
            
            1,853,054




The
accompanying notes are an integral part of these financial
statements.


-
4 -








Across
      America Financial Services, Inc.(A
      Development Stage Company)Statement
      of Changes in Shareholders' Deficitfor
      the period ended March 31, 2008
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            DeficitAccumulatedPreferred
      Stock
            
            
            Common
      Stock
            
            
            Additional
            
            
            DuringPar
            
            
            
            
            
            Par
            
            
            Paid-in
            
            
            DevelopmentShares
            
            
            Value
            
            
            Shares
            
            
            Value
            
            
            Captial
            
            
            Stage
            
            
            TotalBalance
      at December 31, 2006
            
            
            -
            
            
            $
            -
            
            
            
            2,000,000
            
            
            $
            2,000
            
            
            $
            -
            
            
            $
            (500
            )
            
            $
            1,500January
      12, 2007 Warrant expense  (note 5)
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            424
            
            
            
            -
            
            
            
            424March
      22, 2007 - AARD Spin Off  (note 4)
            
            
            -
            
            
            
            -
            
            
            
            (189,524
            )
            
            
            (190
            )
            
            
            190
            
            
            
            -
            
            
            
            -Net
      loss, year endedDecember
      31, 2007
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (60,611
            )
            
            
            (60,611
            )Balance
      at December 31, 2007
            
            
            -
            
            
            $
            -
            
            
            
            1,810,476
            
            
            $
            1,810
            
            
            $
            614
            
            
            $
            (61,111
            )
            
            $
            (58,687
            )Net
      loss, quarter endedMarch
      31, 2008
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (13,994
            )
            
            
            (13,994
            )Balance
      at March 31, 2008
            
            
            -
            
            
            $
            -
            
            
            
            1,810,476
            
            
            $
            1,810
            
            
            $
            614
            
            
            $
            (75,105
            )
            
            $
            (72,681
            )




The
accompanying notes are an integral part of these financial
statements.


-
5 -





Across America Financial Services,
    Inc.(A
      Development Stage Company)
            
            
            
            
            
            
            
            December
      1,Statements
      of Cash Flows
            
            
            
            
            
            
            
            2005(Inception)For
      three months ended
            
            
            ThroughMarch
      31,
            
            
            March
      31,2008
            
            
            2007
            
            
            2008Cash
      flows from operating activities:Net
      loss
            
            $
            (13,994
            )
            
            $
            (39,916
            )
            
            $
            (75,105
            )Adjustments
      to reconcile net loss to net cash used by operating
      activities:Warrant
      expense  (note 5)
            
            
            
            
            
            
            424
            
            
            
            424Changes
      in operating assets and operating liabilities:Prepaid
      expenses
            
            
            627
            
            
            
            (3,791
            )
            
            
            (1,283
            )Accounts
      payable and accrued liabilities
            
            
            10,032
            
            
            
            16,585
            
            
            
            16,017Net
      cash (used in) operating activities
            
            
            (3,335
            )
            
            
            (26,698
            )
            
            
            (59,947
            )Cash
      flows from financing activities:Proceeds
      from sale of common stock
            
            
            -
            
            
            
            -
            
            
            
            2,000Proceeds
      from note payable, related party (note 2)
            
            
            20,000
            
            
            
            40,000
            
            
            
            80,000Net
      cash provided by financing activities
            
            
            20,000
            
            
            
            40,000
            
            
            
            82,000Net
      change in cash
            
            
            16,665
            
            
            
            13,302
            
            
            
            22,053Cash
      and cash equivalents, beginning of period
            
            
            5,388
            
            
            
            2,000
            
            
            
            —Cash
      and cash equivalents, end of period
            
            $
            22,053
            
            
            $
            15,302
            
            
            $
            22,053Supplemental
      disclosure of cash flow information:Cash
      paid during the period for:Income
      taxes
            
            $
            -
            
            
            $
            -
            
            
            $
            —Interest
            
            $
            -
            
            
            $
            -
            
            
            $
            6,222




The
accompanying notes are an integral part of these financial
statements.


-
6 -


Across
America Financial Services, Inc.


(A
Development Stage Company)


Notes
to Financial Statements






(1)
Nature of Organization and Summary of Significant Accounting
Policies




Nature
of Organization and Basis of Presentation


Across
America Financial Services, Inc. (the “Company”) was incorporated in the state
of Colorado on December 1, 2005 and was formerly a wholly-owned subsidiary of
Across America Real Estate Corp. (“AARD”).  The Company commenced
operations on November 9, 2006, after the approval of its business
plan.





The
Company is a development stage enterprise in accordance with Statement of
Financial Accounting Standards (“SFAS”) No. 7, “Accounting and Reporting by
Development Stage Enterprises”. The Company was organized to provide a
nationwide, mortgage commercial brokerage operation. The Company plans to
incorporate traditional mortgage brokering with a web-based, automated
underwriting system which allows clientele to process loan applications
twenty-four hours a day, seven days a week.





The
accompanying interim financial statements have been prepared pursuant to the
rules of the Securities and Exchange Commission (the "SEC") for quarterly
reports on Form 10-QSB and do not include all of the information and note
disclosures required by generally accepted accounting principles. These
financial statements and notes herein are unaudited, but in the opinion of
management, include all the adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation of the Company’s financial
position, results of operations, and cash flows for the periods presented. These
financial statements should be read in conjunction with the Company's audited
financial statements and notes thereto included in the Company’s Form 10-KSB for
the year ended December 31, 2007 as filed with the SEC. Interim operating
results are not necessarily indicative of operating results for any future
interim period or for the full year.




Across
America Financial Services, Inc. (the “Company”, or “Financial Services”) was
incorporated in the state of Colorado on December 1, 2005 and was
formerly a wholly-owned subsidiary of Across America Real Estate Corp.
(“AARD”). The Company commenced operations on November 9, 2006, after the
approval of its business plan.





The
Company is a development stage enterprise in accordance with Statement of
Financial Accounting Standards (“SFAS”) No. 7, “Accounting and Reporting by
Development Stage Enterprises”.





The
accompanying interim financial statements have been prepared pursuant to the
rules of the Securities and Exchange Commission (the "SEC") for quarterly
reports on Form 10-QSB and do not include all of the information and note
disclosures required by generally accepted accounting principles. These
financial statements and notes herein are unaudited, but in the opinion of
management, include all the adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation of the Company’s financial
position, results of operations, and cash flows for the periods presented. These
financial statements should be read in conjunction with the Company's audited
financial statements and notes thereto included in the Company’s Form 10-KSB for
the year ended December 31, 2006 as filed


with the
SEC. Interim operating results are not necessarily indicative of operating
results for any future interim period or for the full year.





(2)
Income Taxes





The
Company records its income taxes in accordance with SFAS No. 109, “Accounting
for Income Taxes”. The Company incurred net operating losses during all periods
presented resulting in a deferred tax asset, which was fully allowed for;
therefore, the net benefit and expense resulted in $-0- income
taxes.


-
7 -


Across
America Financial Services, Inc.


(A
Development Stage Company)


Notes
to Financial Statements




(3)
Related Party Transactions




Promissory
Note and Warrants


In
January 2007, Safe Harbor I, LLC., formerly known as Safe Harbor Business
Development Company (“Safe Harbor”), a related party controlled by the Company’s
president, agreed to provide the Company operating capital in the form of a loan
of $250,000. This loan is evidenced by an unsecured promissory note dated
January 12, 2007. The note carries a 15% interest rate and matured on January
12, 2008. The Company extended the maturity date by one year to January 12,
2009. Payment of a renewal fee equal to 1.5% of the outstanding principal
balance as of January 12, 2008 is due and payable by May 15, 2008. Interest
payments are due every 90 days and any payments not received by the due date
will incur a default interest rate of 24%.





In
addition, on January 12, 2007, the Company issued Safe Harbor warrants to
purchase 200,000 shares of the Company’s common stock at a price of $.01 per
share. The warrants expire five years from the date of issuance.





As of
March 31, 2008 our total outstanding principal and interest due to our notes
payable is as follows:





For
      the quarterEndingMarch
      31, 2008Principal
            
            $
            80,000Interest
            
            
            2,753$
            82,753







(4)
Stockholders’ Equity





On
January 10, 2007, the directors of Across America Real Estate Corp. (“AARD“)
approved, subject to the effectiveness of a registration with the Securities and
Exchange Commission, a spin off to its shareholders of record as of March 1,
2007 (the “Record Date”), on a pro rata basis, with one share each of Financial
Services to be issued for each ten shares issued and outstanding of common stock
or common stock upon conversion of AARD preferred stock owned by such AARD
shareholders as of the Record Date. Since AARD’s business is related to the
proposed activities of Financial Services, the AARD directors decided it was in
the best interest of AARD and Financial Services and AARD’s shareholders to
spin-off Financial Services to minimize any potential of conflict of
interest.





The spin
off was completed on March 21, 2007. As of March 31, 2007 the total shares
issued and outstanding is 1,810,476. The remaining 189,524 shares after the
spin-off were cancelled and the par value of those shares is reflected in
additional paid-in capital in the amount of $190.






(5)
Warrant Expense





On
January 12, 2007, the Company issued Safe Harbor warrants to purchase 200,000
shares of the Company’s common stock at a price of $.01 per share. The warrants
expire five years from the date of issuance.




The fair
value of the each warrant was calculated on the grant date of January 12, 2007
using the Black-Scholes model and was valued at $0.0021 using the following
assumptions and inputs:


-
8 -


Across
America Financial Services, Inc.


(A
Development Stage Company)


Notes
to Financial Statements










Quarter
      Ended
              March
      31,2008Risk
      free interest rate
            
            
            4.76
            %Expected
      life
            
            
            5.0Dividend
      yield
            
            
            0.00
            %Expected
      volatility
            
            
            0.00
            %Fair
      Value
            
            $
            0.0021




There are
a number of assumptions and estimates used in calculating the fair value of
warrants. These include the expected term of the warrant, the expected
volatility and the risk free interest rate. These assumptions are included in
the charts above. The basis for our expected volatility and expected term
estimates is a combination of our historical information. The risk-free interest
rate is based upon yields of U.S. Treasury strips with terms equal to the
expected life of the warrants or award being valued. Across America Financial
Services, Inc. does not currently pay a dividend on its common stock, nor does
the Company expect to pay a dividend on its common stock.





We accrue
the warrant expense in the period in which the warrants are issued. The total
amount of compensation calculated for the full amount of warrants granted and
accrued is $424. This expense was recorded in Selling, general and
administrative on the Statements of Operations.





Warrant
activity through the quarter ended March 31, 2008 is summarized as
follows:


Warrants
      Outstanding
            
            Warrants
      ExercisableNumber
              of
      Warrants
            
            Weighted
      Average Exercise Price
            
            Weighted
      Average Remaining Contractual Term
            
            Aggregate
      Intrinsic Value
            
            Shares
      Exercisable
            
            Weighted
      Average Exercise Price
            
            Weighted
      Average Remaining Contractual Term
            
            Aggregate
      Intrinsic ValueBalance
      at December 31,2007
            
            
            200,000
            
            0.01
            
            
            -
            
            -
            
            
            200,000
            
            0.01
            
            
            -
            
            -Activity
      during 2008:Granted
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -Expired/Cancelled
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -Forfeited
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -Exercised
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -
            
            
            -
            
            -Balance,
      at March 31, 2008
            
            
            200,000
            
            0.01
            
            
            3.8
            
            -
            
            
            200,000
            
            0.01
            
            
            3.8
            
            -




-
9 -


ITEM
2.    MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF
OPERATION





The
following discussion of our financial condition and results of operations should
be read in conjunction with, and is qualified in its entirety by, the
consolidated financial statements and notes thereto included in, Item 1 in this
Quarterly Report on Form 10-QSB. This item contains forward-looking statements
that involve risks and uncertainties.  Actual results may differ
materially from those indicated in such forward-looking statements.





Forward-Looking
Statements




This Quarterly Report on Form 10-QSB and the documents
incorporated herein by reference contain forward-looking statements that have
been made pursuant to the provisions of the Private Securities Litigation Reform
Act of 1995.  Such forward-looking statements are based on current
expectations, estimates, and projections about our industry, management beliefs,
and certain assumptions made by our management.  Words such as
“anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”,
variations of such words, and similar expressions are intended to identify such
forward-looking statements.  These statements are not guarantees of
future performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict; therefore, actual results may differ
materially from those expressed or forecasted in any such forward-looking
statements.  Unless required by law, we undertake no obligation to
update publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise.  However, readers should
carefully review the risk factors set forth herein and in other reports and
documents that we file from time to time with the Securities and Exchange
Commission, particularly the Report on Form 10-SB, and Annual Reports on Form
10-KSB, Quarterly reports on Form 10-QSB and any Current Reports on Form
8-K.




Risk
Factors




You
should carefully consider the risks and uncertainties described below; and all
of the other information included in this document. Any of the following risks
could materially adversely affect our business, financial condition or operating
results and could negatively impact the value of your investment.




The occurrence of any of the
following risks could materially and adversely affect our business, financial
condition and operating result. In this case, the trading price of our common
stock could decline and you might lose all or part of your
investment.





If
we do not generate adequate revenues to finance our operations, our business may
fail.




We have not generated revenues
from our inception. As of March 31, 2008, we had a cash position of $22,053.
Operating costs are expected to range between $30,000 and $50,000, for the
fiscal year ending December 31, 2008. These operating costs include insurance,
taxes, utilities, maintenance, contract services and all other costs of
operations. We will use contract employees who will be paid on a per transaction
basis as each mortgage transaction is closed. However, the operating costs and
expected revenue generation are difficult to predict. We expect to generate
revenues in the next twelve months from mortgage brokerage services using
referrals from AARD and unrelated individuals and entities that operate in the
financial services business. Since there can be no assurances that revenues will
be sufficient to cover operating costs for the foreseeable future, it may be
necessary to raise additional funds. Due to our lack of operating history,
raising additional funds may be difficult. In January, 2007, an organization
named Safe Harbor Business Development Company (“Safe Harbor”), which is
affiliated with our President, Mr. Klemsz, and our largest shareholder, GDBA
Investments, LLLP, agreed to provide operating capital in the form of a loan of
$250,000 to cover operating expenses. This loan is evidenced by an unsecured
promissory note which is due January 12, 2009. If we are unable to raise funds
to cover any operating deficit after fiscal year ending January 12, 2009, our
business may fail.


-
10 -


Because we had
incurred a loss and have no current operations, our accountants have expressed
doubts about our ability to continue as a going concern.





For the fiscal year ended
December 31, 2007, our accountants have expressed doubt about our ability to
continue as a going concern as a result of lack of history of operations,
limited assets, and operating losses since inception. Our ability to achieve and
maintain profitability and positive cash flow is dependent upon:





ཉ
            our
      ability to locate mortgage brokerage clients who will use our brokerage
      services; and





ཉ
            our
      ability to generate revenues.





Based upon current plans, we
expect to incur operating losses in future periods because we will be incurring
expenses and not generating sufficient revenues. We expect
our operating costs to range between $30,000 and $50,000 for the fiscal
year ending December 31, 2008. We cannot guarantee that we will be
successful in generating sufficient revenues or other funds in the future to
cover these operating costs. Failure to generate sufficient revenues will cause
us to go out of business.





The
lack of a broker or dealer to create or maintain a market in our stock could
adversely impact the price and liquidity of our securities.




We have no agreement with any
broker or dealer to act as a market maker for our securities and there is no
assurance that we will be successful in obtaining any market makers. Thus, no
broker or dealer will have an incentive to make a market for our stock. The lack
of a market maker for our securities could adversely influence the market for
and price of our securities, as well as your ability to dispose of, or to obtain
accurate information about, and/or quotations as to the price of, our
securities.




As
our stock will not be listed on Nasdaq or another national exchange, trading in
our shares will be subject to rules governing "penny stocks," which will impair
trading activity in our shares.




As we do not intend to list our
stock on Nasdaq or another national exchange, our stock will therefore be
subject to rules adopted by the Commission regulating broker dealer practices in
connection with transactions in "penny stocks." Those disclosure rules
applicable to "penny stocks" require a broker dealer, prior to a transaction in
a "penny stock" not otherwise exempt from the rules, to deliver a standardized
list disclosure document prepared by the Commission. That disclosure document
advises an investor that investment in "penny stocks" can be very risky and that
the investor's salesperson or broker is not an impartial advisor but rather paid
to sell the shares. The disclosure contains further warnings for the investor to
exercise caution in connection with an investment in "penny stocks," to
independently investigate the security, as well as the salesperson with whom the
investor is working and to understand the risky nature of an investment in this
security. The broker dealer must also provide the customer with certain other
information and must make a special written determination that the "penny stock"
is a suitable investment for the purchaser and receive the purchaser's written
agreement to the transaction. Further, the rules require that, following the
proposed transaction, the broker provide the customer with monthly account
statements containing market information about the prices of the
securities.




These disclosure requirements may
have the effect of reducing the level of trading activity in the secondary
market for our common stock. Many brokers may be unwilling to engage in
transactions in our common stock because of the added disclosure requirements,
thereby making it more difficult for stockholders to dispose of their shares.
You will also find it difficult to obtain accurate information about, and/or
quotations as to the price of, our common stock.




-
11 -


Issuances
of our stock could dilute current shareholders and adversely affect the market
price of our common stock, if a public trading market develops.




We have the authority to issue up
to 50,000,000 shares of common stock, 1,000,000 shares of preferred stock, and
to issue options and warrants to purchase shares of our common stock without
stockholder approval. Although no financing is planned currently, we may need to
raise additional capital to fund operating losses. If we raise funds by issuing
equity securities, our existing stockholders who receive shares in the spin-off
may experience substantial dilution. In addition, we could issue large blocks of
our common stock to fend off unwanted tender offers or hostile takeovers without
further stockholder approval.




The issuance of preferred stock
by our board of directors could adversely affect the rights of the holders of
our common stock. An issuance of preferred stock could result in a class of
outstanding securities that would have preferences with respect to voting rights
and dividends and in liquidation over the common stock and could, upon
conversion or otherwise, have all of the rights of our common stock. Our board
of directors' authority to issue preferred stock could discourage potential
takeover attempts or could delay or prevent a change in control through merger,
tender offer, proxy contest or otherwise by making these attempts more difficult
or costly to achieve.





Colorado
law and our Articles of Incorporation protect our directors from certain types
of lawsuits, which could make it difficult for us to recover damages from them
in the event of a lawsuit.




Colorado law provides that our
directors will not be liable to our company or to our stockholders for monetary
damages for all but certain types of conduct as directors. Our Articles of
Incorporation require us to indemnify our directors and officers against all
damages incurred in connection with our business to the fullest extent provided
or allowed by law. The exculpation provisions may have the effect of preventing
stockholders from recovering damages against our directors caused by their
negligence, poor judgment or other circumstances. The indemnification provisions
may require our company to use our assets to defend our directors and officers
against claims, including claims arising out of their negligence, poor judgment,
or other circumstances.




We
are Subject to Extensive Regulation.




Our proposed operations are
subject to extensive regulation, supervision and licensing by federal, state and
local governmental authorities and are subject to various laws and judicial and
administrative decisions imposing requirements and restrictions on part or all
of our operations. Our lending activities could be subject to the Federal
Truth-in-Lending Act and Regulation Z (including the Home Ownership and Equity
Protection Act of 1994), the Federal Equal Credit Opportunity Act, as amended,
and Regulation B, the Fair Credit Reporting Act of 1970, as amended, the Federal
Real Estate Settlement Procedures Act and Regulation X, the Home Mortgage
Disclosure Act, the Federal Debt Collection Practices Act and the National
Housing Act of 1934, as well as other federal and state statutes and regulations
affecting our activities.




We are also subject to the rules
and regulations of, and examinations by, state regulatory authorities with
respect to originating and processing loans. These rules and regulations, among
other things, impose licensing obligations on us, establish eligibility criteria
for mortgage loans, prohibit discrimination, govern inspections and appraisals
of properties and credit reports on loan applicants, collection, foreclosure and
claims handling, investment and interest payments on escrow balances and payment
features, mandate certain disclosures and notices to borrowers and, in some
cases, fix maximum interest rates, fees and mortgage loan amounts. Failure to
comply with these requirements can lead to loss of approved status, certain
rights of rescission for mortgage loans, class action lawsuits and
administrative enforcement action.




Competition
in the mortgage brokerage industry is intense.




Our
business plan involves acting as a mortgage broker for commercial real estate
transactions. This business is highly competitive. There are numerous similar
companies providing such services in the United States of America. Our
competitors will have greater financial resources and more expertise in this
business. Our ability to develop our mortgage brokerage business will depend on
our ability to successfully market our services in this highly competitive
environment.  We cannot guarantee that we will be able to do so
successfully.


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The
combined share control position of GDBA Investments, LLLP and Mr. Klemsz’s and
his affiliates will limit the ability of other shareholders to influence
corporate actions.




After
distribution of our shares to the AARD shareholders, our largest shareholder,
GDBA Investments, LLLP, an entity who our President, Mr. Klemsz is employed by,
will own 1,178,144 shares and thereby control approximately 65% of our
outstanding shares. Mr. Klemsz, through Sarmat, LLC and his family, will own
314,000 shares, or approximately 17%. Because these entities together, and GDBA
Investments, LLLP individually, will beneficially control more than a majority
of the outstanding shares, other shareholders, individually or as a group, will
be limited in their ability to effectively influence the election or removal of
our directors, the supervision and management of our business or a change in
control of or sale of our company, even if they believed such changes were in
the best interest of our shareholders generally.




Our
future success depends, in large part, on the continued service of our President
and our Secretary-Treasurer.




We
depend almost entirely on the efforts and continued employment of Mr. Klemsz,
our President and Secretary-Treasurer. Mr. Klemsz is our primary executive
officer, and we will depend on him for nearly all aspects of our operations. In
addition, Safe Harbor, an entity affiliated with Mr. Klemsz, is our only source
of financing. We do not have an employment contract with Mr. Klemsz, and we
do not carry key person insurance on the life of either. The loss of the
services of Mr. Klemsz through incapacity or otherwise, would have a
material adverse effect on our business. It would be very difficult find
and retain qualified personnel such as Mr. Klemsz and a financing source to
replace Safe Harbor.




Overview
and History




We were
formed under the laws of the State of Colorado on December 1, 2005. Until March
23, 2007, we were a wholly-owned subsidiary of Across America Real Estate
Corp.(“AARD”).  On January 10, 2007, the directors of AARD approved,
subject to the effectiveness of a registration with the Securities and Exchange
Commission, the pro rata spin-off of Financial Services to AARD shareholders of
record on March 1, 2007 on a pro rata basis. Since AARD’s business is related to
the proposed activities of Financial Services, the AARD directors decided it was
in the best interest of AARD and Financial Services and AARD's shareholders to
spin-off Financial Services to minimize any potential of conflict of
interest.




The
shares of Financial Services were owned by AARD, who distributed our shares to
the AARD shareholders on or about March 23, 2007.





Our
principal business address is 700 17th Street,
Suite 1200, Denver, Colorado 80202. We are a development stage
company.  Our development stage began when we approved our business
plan on November 9, 2006. Our plan is to act as a mortgage broker for commercial
real estate transactions. We will focus on built-to-suit real estate projects
for specific retailers. We will first attempt to establish an effective client
lending base for which we can provide services. We plan to utilize our
relationship with AARD for referrals and the expertise of third party
independent contractors who we plan to hire to develop lending opportunities.
Each contractor will be expected to utilize his previous contacts in business to
develop potential opportunities.





We have
not been subject to any bankruptcy, receivership or similar
proceeding.




Results
of Operations




The
following discussion involves our results of operations for the quarters ending
March 31, 2008 and March 31, 2007.  We had no revenues for the quarter
ended March 31, 2008 or for the fiscal quarter ended March 31,
2007.





We had no
Cost of Sales during those periods.


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Selling,
general and administrative costs were $11,241 for the quarter ended March 31,
2008, compared to $39,867 for the quarter ended March 31, 2007.  Most
of the costs in 2007 were attributed to professional fees related to our public
offering. Future selling, general and administrative costs are not expected to
be significant; however, we believe that they will increase as we grow our
business activities going forward.





We had a
net loss of $13,994 for the three months ended March 31, 2008 compared to a net
loss of $39,916 for the three months ended March 31, 2007.  The
decrease in losses year over year was associated with higher start up costs to
develop our business plan in 2007.





Liquidity
and Capital Resources





Our cash
balance on March 31, 2008 was $22,053.   This compares to a cash
balance of $15,302 on March 31, 2007.  We plan to generate operating
cash by acting as a Qualified Intermediary in Section 1031 Exchanges. We will be
dependent on our ability to market our services in order to generate revenue for
our operations.





We had
$3,335 cash used in operating activities for the three months ended March 31,
2008 and $26,698 for the three months ended March 31, 2007.   We
had $20,000 cash provided by financing activities for the quarter ended March
31, 2008 and $40,000 that was provided by financing activities for the quarter
ended March 31, 2007.  Management believes that this situation will
change as we develop our business plan.




Management
continues to assess our capital resources in relation to its ability to fund
continued operations on an ongoing basis.  As such, management may
seek to access the capital markets to raise additional capital through the
issuance of additional equity, debt or a combination of both in order to fund
our operations and growth.




Plan
of Operation for December 31, 2007 to December 31, 2008





We
intend to act as a mortgage broker for commercial real estate transactions. Our
operating costs are expected to range between $30,000 and $50,000 for the fiscal
year ending December 31, 2008. These operating costs include insurance, taxes,
utilities, maintenance, contract services and all other costs of operations.
However, the operating costs and expected revenue generation are difficult to
predict. We expect to generate revenues in the next twelve months from mortgage
brokerage services using referrals from AARD and unrelated individuals and
entities that operate in the financial services business. Since there can be no
assurances that revenues will be sufficient to cover operating costs for the
foreseeable future, it may be necessary to raise additional funds. Due to our
lack of operating history, raising additional funds may be difficult. In
January, 2007, an organization named Safe Harbor I, LLC., formerly known as Safe
Harbor Business Development Company (“Safe Harbor”), which is controlled by our
largest shareholder, GDBA Investments, LLLP, agreed to provide operating capital
in the form of a loan of $250,000 to cover operating expenses. This loan is
evidenced by an unsecured promissory note which was due January 12, 2008, but
was extended to January 12, 2009. If we are unable to raise funds to cover any
operating deficit after fiscal year ending January 12, 2009, our business may
fail.





We
generated no revenues during the year ended December 31, 2007, and management
does not anticipate any revenues until June, 2008, as contemplated by our
business plan.




Seasonality




We do not
expect that our business will be seasonal with nearly all revenue generated
throughout the year.


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14 -


Critical
Accounting Policies





The
preparation of consolidated financial statements in conformity with accounting
principles generally accepted in the United States of America requires us to
make a number of estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements.  Such estimates and assumptions
affect the reported amounts of revenues and expenses during the reporting
period.  On an ongoing basis, we evaluate estimates and assumptions
based upon historical experience and various other factors and
circumstances.  We believe our estimates and assumptions are
reasonable in the circumstances; however, actual results may differ from these
estimates under different future conditions.





We
believe that the estimates and assumptions that are most important to the
portrayal of our financial condition and results of operations, in that they
require subjective or complex judgments, form the basis for the accounting
policies deemed to be most critical to us.  These relate to bad debts,
impairment of intangible assets and long lived assets, contractual adjustments
to revenue, and contingencies and litigation.  We believe estimates
and assumptions related to these critical accounting policies are appropriate
under the circumstances; however, should future events or occurrences result in
unanticipated consequences, there could be a material impact on our future
financial conditions or results of operations.





ITEM
3.  CONTROLS AND PROCEDURES





As of the
end of the period covered by this report, based on an evaluation of our
disclosure controls and procedures (as defined in Rules 13a -15(e) and
15(d)-15(e) under the Exchange Act), our Chief Executive Officer and the Chief
Financial Officer has concluded that our disclosure controls and procedures are
effective to ensure that information required to be disclosed by us in our
Exchange Act reports is recorded, processed, summarized, and reported within the
applicable time periods specified by the SEC’s rules and forms.





There
were no changes in our internal controls over financial reporting that occurred
during our most recent fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial
reporting.





PART
II.  OTHER INFORMATION





ITEM
1.  LEGAL PROCEEDINGS





There are
no legal proceedings, to which we are a party, which could have a material
adverse effect on our business, financial condition or operating
results.





ITEM
2.  CHANGES IN SECURITIES


None





ITEM
3.  DEFAULTS UPON SENIOR SECURITIES


None





ITEM
4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


None


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15 -




ITEM
5.  OTHER INFORMATION





None





ITEM
6.  EXHIBITS AND REPORTS ON FORM 8-K





Exhibits


3.1
            Articles
      of Incorporation *


3.2
            Bylaws*


4.1
            Warrant
      dated January 12, 2007 for Safe Harbor Development
  Company*10.1
            Promissory
      Note dated January 12, 2007 with Safe Harbor Development
  Company*31.1
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to Rule
      13a-14(a)/15(d)-14(a)32.1
            Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 906 of the
      Sarbanes-Oxley Act of 2002







*
Previously filed under cover of Form SB-2 on March 2, 2007.





Reports on Form
8-K





We filed
no under cover of Form 8K for the fiscal quarter ended March 31,
2008.








SIGNATURES





Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.








ACROSS AMERICA FINANCIAL SERVICES,
      INC.,
                a  Colorado
      corporationDate
      May 13, 2008
              By:
              /s/ Brian
      L. KlemszBrian
      L. Klemsz, President, Chief Executive Officer,Chief Financial
                Officer
      and Director (Principal Executive, Accounting and Financial
      Officer)




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