The case study assignments will focus on Orrstown Financial Services, Inc., ticker ORRF.Beginning with Financial Statements in 2006 compute the common size balance sheet and income statements. The Balance Sheet will normalize all line items to 100% of Total Assets; theIncome Statement will normalize all line items to 100% of Net Revenue. find out and demonstrate not just the common size statements but also % change by year. Choose a relevant competitor in the market to Orrstown Financial Services and complete thesame analysis and compare/contrast. How well has Orrstown performed to date versus its peer? Why the difference(s)? What is different between the two lending institutions? Additionally, compare Orrstown Financial Services versus industry metrics. Has Orrstown under- or over-performed the industry? Why/why not? What is the difference between Orrstown's performance, its peer and the industry? (Hint: GET YOUR HEAD OUT OF THE FINANCIAL STATEMENTS! Read all filings and understand the economics of the industry and the economy.) As part of this analysis, a written understanding of industry economics (national and regional) must be completed. Review Orrstown's annual reports and stated strategies? Have these strategies been followed? Review past annual reports. In 2009 Orrstown named a new president and Chief Executive? What are his/her credentials? Has this individual performed well or poorly? Why/why not? Finally, comment on the quality of the Financial Statements issue by Orrstown. Do they describe the performance of the equity over time? Are the Financial Statements supporting equity valuation or not? Why/why not? This assignment must include common size statements, proven understanding and knowledge of the industry, and conclusions taken from common size and equity valuation. It will be relevant to discuss not just the changes in the common size statements but to overlay equity performance seeing how Financial Statements interact with market valuation of equity pricing #question..