FORM
11-K
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þ
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Annual
Report Pursuant to Section 15(d) of the Securities Exchange Act of
1934
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Page
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Report
of Independent Registered Public Accounting Firm
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Statements
of Net Assets Available for Benefits
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Statements
of Changes in Net Assets Available for Benefits
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Notes
to Financial Statements
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Schedule
H, Line 4i - Schedule of Assets (Held at End of Year)
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Schedule
H, Line 4j – Schedule of Reportable Transactions
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December
31
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||||||||
2006
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2005
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|||||||
Assets
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||||||||
Investments:
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||||||||
Mutual
Funds
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$ |
3,564,961
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$ |
3,250,271
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||||
Investment
Contract
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179,793
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256,958
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||||||
Common
Stock
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628,768
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224,689
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||||||
$ |
4,373,522
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$ |
3,731,918
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|||||
Receivables:
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||||||||
Employer's
Contribution
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84,788
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93,061
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||||||
Participants’
Contribution
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-
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19,698
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||||||
84,788
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112,759
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|||||||
Total
Assets
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4,458,310
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3,844,677
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||||||
Liabilities
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||||||||
Accounts
Payable
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–
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–
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||||||
Accrued
Expenses
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–
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–
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||||||
Total
Liabilities
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–
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–
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||||||
Net
Assets Reflecting All Investments at Fair Value
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4,458,310
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3,844,677
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||||||
Adjustment
from fair value to contract value for fully
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||||||||
benefit
responsive investment contract
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9,462
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13,524
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||||||
Net
Assets Available for Benefits
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$ |
4,467,772
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$ |
3,858,201
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||||
Year
Ended December 31
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||||||||||||
2006
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2005
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2004
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||||||||||
Additions:
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||||||||||||
Investment
Income:
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||||||||||||
Net
appreciation in fair value of instruments
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$ |
277,692
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$ |
150,845
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$ |
259,999
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||||||
Dividends,
Interest and Other
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230,387
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77,661
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38,919
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|||||||||
Total
Investment Income
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508,079
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228,506
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298,918
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|||||||||
Contributions:
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||||||||||||
Participants'
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556,648
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529,262
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404,049
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|||||||||
Employer's
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305,198
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308,734
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216,963
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|||||||||
Rollovers
into plan for new employees
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18,017
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47,548
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98,563
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|||||||||
Total
Contributions
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879,863
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885,544
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719,575
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|||||||||
Total
Additions
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1,387,942
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1,114,050
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1,018,493
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|||||||||
Deductions:
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||||||||||||
Deductions
from net assets attributed to:
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||||||||||||
Benefits
paid to participants
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751,657
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246,991
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186,567
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|||||||||
Investment
expenses
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26,714
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25,130
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20,133
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|||||||||
Total
Deductions
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778,371
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272,121
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206,700
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|||||||||
Net
Increase
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609,571
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841,929
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811,793
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Net
Assets Available for Benefits
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||||||||||||
Beginning
of year
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3,858,201
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3,016,272
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2,204,479
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|||||||||
End
of Year
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$ |
4,467,772
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$ |
3,858,201
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$ |
3,016,272
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||||||
December
31
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||||||||||||
2006
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2005
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2004
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||||||||
Russell
Lifepoints Balanced Strategy E Fund
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$ |
858,154
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$ |
756,095
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$ |
647,629
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||||||
Russell
Lifepoints Aggressive Strategy E Fund
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1,351,804
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1,195,965
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1,074,364
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|||||||||
Russell
Lifepoints Equity Aggressive Strategy E Fund
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876,637
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912,790
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826,938
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|||||||||
*
Principal Fixed Income 401(a) / (k)
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189,255
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270,482
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214,536
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|||||||||
*
DNB Financial Corporation Common Stock, $1 par value
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628,768
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224,689
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–
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2006
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2005
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||||
Period
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Crediting
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Period
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Crediting
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Start
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End
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Rate
/ Yield
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Start
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End
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Rate
/ Yield
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January
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June
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3.30%
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January
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June
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3.45%
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July
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December
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3.30
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July
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December
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3.40
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Net
assets available for benefits per the financial statements
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$ |
4,467,772
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||
Adjustment
from fair value to contract value for fully benefit
responsive
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||||
investment contract
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(9,462 | ) | ||
Net
assets available for benefits per Form 5500
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$ |
4,458,310
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December
31, 2006
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||||
Net
Assets:
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||||
DNB
Financial Corporation Stock
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$ |
448,721
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Changes
in Net Assets:
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||||
Contributions
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$ |
481,252
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||
Dividends
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9,691
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|||
Net
appreciation
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12,360
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|||
Benefits
paid
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(54,582 | ) | ||
Total
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$ |
448,721
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EIN:
23-0534545
Plan
number: 002
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Identity
of Issuer
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Description
of Investment
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Current
Value
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Insurance
Company General
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|||
*
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Principal
Life Insurance Company
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PRIN
FIXED INCOME 401(A)/(K)
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$ 189,255
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV BD & MTG SEC ADVSL FD
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8,340
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Registered
Investment Company
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|||
American
Funds Service Company
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AM
FDS WASH MUT INV R3 FUND
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21,324
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Registered
Investment Company
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|||
Mason
Street Funds
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MASON
ST HI YIELD BOND A FUND
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1,571
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Registered
Investment Company
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|||
Neuberger
Berman Management
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NEUB
BERM SOC RESP TR FUND
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3,094
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV S&P 500 INX ADVSL FD
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10,974
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV PTR MDCP VAL ADVSL FD
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20,620
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Registered
Investment Company
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|||
Frank
Russell Investment Co.
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RUSSELL
LFPT AGGST E FUND
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1,351,804
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Registered
Investment Company
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|||
Frank
Russell Investment Co.
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RUSSELL
LFPT BALST E FUND
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858,154
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Registered
Investment Company
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|||
Frank
Russell Investment Co.
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RUSSELL
LFPT CONST E FUND
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70,382
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Registered
Investment Company
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|||
Frank
Russell Investment Co.
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RUSSELL
LFPT EQAGS E FUND
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876,637
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Registered
Investment Company
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Frank
Russell Investment Co.
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RUSSELL
LFPT MODST E FUND
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125,870
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Registered
Investment Company
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|||
American
Century Investments
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AM
CENT VISTA ADV FUND
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6,847
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Registered
Investment Company
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|||
American
Funds Service Company
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AM
FDS GRTH FD OF AM R3 FUND
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34,988
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Registered
Investment Company
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|||
Fidelity
Investments
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FIDELITY
ADV SMALL CAP T FUND
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20,651
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV S&P 400 IDX ADVSL FD
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10,545
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV PTR SMCP VAL I ADS FD
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18,988
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV S&P 600 IDX ADVSL FD
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8,570
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Registered
Investment Company
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|||
Frank
Russell Investment Co.
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RUSSELL
RE SEC E FUND
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48,564
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Registered
Investment Company
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|||
American
Funds Service Company
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AM
FDS EUROPACIFIC GRTH R3 FD
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20,782
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Registered
Investment Company
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|||
*
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Princor
Financial Services
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PRIN
INV INTL EM MKTS ADVSL FD
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46,256
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Employer
Security
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|||
*
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DNB
Financial Corporation
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DNB
FINANCIAL CORP TREASURY STOCK
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628,768
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Total
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$4,382,984
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DESCRIPTION
OF ASSET
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(A)
Total
Number
of
Purchases
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(B)
Total
Number
of
Sales
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(C)
Total
Value of Purchases
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(D)
Total
Value of Sales
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(E)
Net
Gain/(Loss)
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DNB
FINANCIAL CORP STOCK
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23
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$417,499.40
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$ 0.00
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DNB
FINANCIAL CORP STOCK
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37
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$358,915.24
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$ (1,641.83)
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DNB First 401(k) Retirement Plan |
By:
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/s/
William J. Hieb
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William
J. Hieb
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President
and Chief Operating Officer
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DNB
First, National Association
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By:
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/s/
Bruce E. Moroney
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Bruce
E. Moroney
|
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Chief
Financial Officer and Executive Vice President
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DNB
First, National Association
|
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By:
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/s/
Ronald K. Dankanich
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Ron
K. Dankanich
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Executive
Vice President and Secretary
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DNB
First, National Association
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June
29, 2007
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Exhibit
No. Under Item
601
of Regulation S-K
|
Description
of Exhibit and Filing Information
|
23
|
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