SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                ----------------

                                   FORM 10-QSB

(Mark One)

 X                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
---
                        EXCHANGE ACT OF 1934

                  For the quarterly period ended December 31, 2001
                                                 -----------------

                                       OR

---
             TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
---          EXCHANGE ACT OF 1934

                  For the transition period from __________to__________.

                           Commission File No. 0-24621

                            Farnsworth Bancorp, Inc.                           .
--------------------------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in Its Charter)


New Jersey                                                 22-3591051          .
--------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation           (I.R.S. Employer
or Organization)                                       Identification No.)

               789 Farnsworth Avenue, Bordentown, New Jersey 08505
               ---------------------------------------------------
                    (Address of Principal Executive Offices)


                                (609) 298-0723                                 .
--------------------------------------------------------------------------------
                 Issuer'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
                               --------             --------

  Number of shares of Common Stock outstanding as of January 23, 2002: 360,866
                                                                       -------

            Transitional Small Business Disclosure Format (check one)

                           YES        .          NO    X   .
                               --------             --------


<PAGE>

                                    Contents
                                    --------



PART 1 - FINANCIAL INFORMATION                                           Page(s)
                                                                         -------


Item 1.  Financial Statements and Notes.

         Consolidated Statements of Financial Condition at December 31, 2001
         (unaudited) and September 30, 2001 (audited)..........................1

         Consolidated Statements of Income and Comprehensive Income for the
         three months ended December 31, 2001, and 2000 (unaudited)............2

         Consolidated Statements of Cash Flows for the three months ended
         December 31, 2001 and 2000 (unaudited)................................3

         Notes to unaudited consolidated Financial Statements..................4

Item 2.  Management's Discussion and Analysis of Financial Condition and
            Results of Operations..............................................6


PART II - OTHER INFORMATION


Item 1.  Legal Proceedings.....................................................9

Item 2.  Changes in Securities and Use of Proceeds.............................9

Item 3.  Defaults upon Senior Securities.......................................9

Item 4.  Submission of Matters to a Vote of Security Holders...................9

Item 5.  Other Information.....................................................9

Item 6.  Exhibits and Reports on Form 8-K......................................9

Signatures....................................................................10


<PAGE>

                    FARNSWORTH BANCORP INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

<TABLE>
<CAPTION>
                                                       DECEMBER 31    SEPTEMBER 30,
                                                          2001            2001
                                                      ------------    ------------
ASSETS                                                  (UNAUDITED)     (AUDITED)
<S>                                                 <C>             <C>
Cash and due from banks                               $  4,688,397    $  9,282,084
Securities available for sale                           12,005,894       8,824,145
Securities held to maturity                              1,939,023       2,058,245
Loans receivable, net                                   49,877,856      44,987,076
Real Estate Owned, net                                      46,451         130,292
Accrued interest receivable                                388,616         318,685
Federal Home Loan Bank of New York stock
  at cost substantially restricted                         372,600         372,600
Deferred Income Taxes                                       16,252               -
Prepaid income taxes                                             -          15,292
Premises and equipment                                   2,131,921       1,481,675
Other assets                                                79,432          58,642
                                                      ------------    ------------
         Total assets                                 $ 71,546,442    $ 67,528,736
                                                      ============    ============

    LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                              $ 63,909,235    $ 58,156,435
Borrowings from FHLB                                     1,692,789       3,224,606
Advances by borrowers for taxes and insurance              237,030         240,168
Deferred income taxes                                            -          80,781
Accrued interest payable                                    54,540          61,009
Accounts payable and other accrued expenses                105,225         100,297
                                                      ------------    ------------
         Total liabilities                              65,998,819      61,863,296
                                                      ------------    ------------

Preferred stock $.10 par value, 1,000,000
  shares authorized; none issued and
  outstanding
Common stock $.10 par value, 5,000,000 shares
  authorized; 379,858 shares issued, 360,866 shares
  outstanding                                               37,985          37,985
Additional paid in capital                               3,396,262       3,396,262
Retained earnings substantially restricted               2,630,172       2,585,704
Treasury Stock                                            (185,172)       (185,172)
Common stock aquired by
 employee stock ownership plan (ESOP)                     (197,854)       (204,774)
Unissued Restricted Stock Plan Shares                      (99,194)       (105,444)
Accumulated other comprehensive income, unrealized
  (depreciation) appreciation on available for sale
  securities net of taxes                                  (34,576)        140,879
                                                      ------------    ------------
         Total stockholders' equity                      5,547,623       5,665,440
                                                      ------------    ------------
         Total liabilities and
          stockholders' equity                        $ 71,546,442    $ 67,528,736
                                                      ============    ============
</TABLE>
                                       1
<PAGE>

                    FARNSWORTH BANCORP, INC. AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF INCOME
                            AND COMPREHENSIVE INCOME
                                   (Unaudited)

                                                     THREE MONTHS ENDED
                                                          DECEMBER 31
                                                      2001           2000
                                                  -----------    -----------
Interest income:
  Loans receivable                                $   908,971    $   778,037
  Securities                                          199,158        185,529
  Federal funds sold                                   21,407         13,813
                                                  -----------    -----------
        Total interest income                       1,129,536        977,379

Interest expense:
  Deposits                                            524,024        441,314
  Federal Home Loan Bank advances                      40,962        112,799
                                                  -----------    -----------
        Total interest expense                        564,986        554,113
                                                  -----------    -----------
Net interest income                                   564,550        423,266

Provision for loan losses                              14,788          3,000
                                                  -----------    -----------
        Net interest income after
          provision for loan losses                   549,762        420,266
                                                  -----------    -----------
Noninterest income:
  Fees and other service charges                       67,099         62,571
  Gain on sale of Available for sale securities        13,258          7,000
                                                  -----------    -----------
        Total noninterest income                       80,357         69,571

Noninterest expense:
  Compensation and benefits                           288,493        224,914
  Occupancy and equipment                              86,642         74,263
  Federal insurance premiums and assessments            7,617          2,186
  Other                                               187,899        178,639
                                                  -----------    -----------
        Total noninterest expense                     570,651        480,002
                                                  -----------    -----------
Income before provision for income taxes               59,468          9,835
Provision for income taxes                             15,000          3,960
                                                  -----------    -----------
        Net income                                     44,468          5,875
                                                  -----------    -----------
Other Comprehensive Income, net of taxes
  Unrealized Gain (Loss) on Securities
   Available for Sale                                (175,455)        17,064
  Reclassification adjustment                         (13,258)        (7,000)
                                                  -----------    -----------
Comprehensive (loss)  Income                      $  (144,245)   $    15,939
                                                  ===========    ===========
Net income per common share:
  Basic and diluted                               $      0.14    $      0.02

Weighted average number of shares outstanding during the year:
  basic                                               327,578        337,336
  diluted                                             329,719        337,336

                                       2
<PAGE>

                    FARNSWORTH BANCORP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                         THREE MONTHS ENDED DECEMBER 31
                                                                2001           2000
                                                           -----------    -----------
<S>                                                       <C>             <C>
Cash flows from operating activities:
  Net income                                                $   44,468      $   5,875
                                                           -----------    -----------
  Adjustments to reconcile net income to
  net cash provided by operating activities:
    Depreciation and Amortization                               27,700         24,889
    Provision for loan losses                                   14,788          3,000
    Stock compensation                                          13,170
    Gain on sale of investments                                (13,258)
   (Increase) Decrease in accrued interest receivable          (69,931)        43,210
   (Increase) Decrease in other assets                         (20,790)         1,435
    Decrease in advances from borrowers                         (3,138)        (9,359)
    Increase in accrued income taxes
      and deferred income taxes                                  8,645          8,739
   (Decrease) Increase in accrued interest payable              (6,469)        18,589
    Increase (Decrease) in other accrued liabilities             4,928         (8,210)
                                                           -----------    -----------
         Total adjustments                                     (44,355)        82,293
                                                           -----------    -----------
         Net cash provided by operating activities                 113         88,168
                                                           -----------    -----------
Cash flows from investing activities:

  Net increase in loans receivable                          (4,891,627)    (1,275,058)
  Proceeds from sale of Real Estate Owned                       69,900
  Purchase of securities available for sale                 (3,858,892)      (956,250)
  Redemption of securities held to maturity                    118,949         49,493
  Redemption of securities available for sale                  310,155
  Proceeds from sale of securities available for sale          114,678      1,926,563
  Redemption of securities, available for sale net                   -      1,000,000
  Purchase of premises and equipment                          (677,946)       (12,610)
                                                           -----------    -----------
         Net cash provided by (used in) investing
           activities                                       (8,814,783)       732,138
                                                           -----------    -----------
Cash flows from financing activities:
  Net increase  in Deposits                                  5,752,800         59,481
 (Decrease) Increase in FHLB Borrowings                     (1,531,817)    (1,279,995)
                                                           -----------    -----------
         Net cash (used in) provided by financing
           activities                                        4,220,983     (1,220,514)
                                                           -----------    -----------

Net (decrease) in cash and due from banks                   (4,593,687)      (400,208)

Cash and due from banks at beginning of period               9,282,084      3,163,345
                                                           -----------    -----------
Cash and due from banks at end of period                   $ 4,688,397    $ 2,763,137
                                                           ===========    ===========
Supplemental disclosure:
  Cash paid during the period for:
    Interest                                               $   571,455    $   535,524
                                                           ===========    ===========

Non-Cash items
  Unrealized gain  (loss) on securities available
    for sale, net of deferred income taxes                 $  (175,455)        17,064
                                                           ===========    ===========
 Investment securities transferred from held to maturity
  to available for sale                                    $              $ 2,273,966
                                                           ===========    ===========
 Acquisition of real estate in settlement of loans         $              $    73,841
                                                           ===========    ===========

</TABLE>
                                       3
<PAGE>

                    FARNSWORTH BANCORP, INC. AND SUBSIDIARIES
          NOTES TO UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS



NOTE 1.  Presentation of Financial Information
         -------------------------------------

The accompanying unaudited consolidated interim financial statements include the
accounts of Farnsworth  Bancorp,  Inc.  (the  "Company")  and its  subsidiaries,
Peoples  Savings  Bank (the  "Bank") and Peoples  Financial  Services  Inc.  The
accompanying  unaudited  consolidated  interim  financial  statements  have been
prepared in accordance with the instructions to Form 10-QSB.  Accordingly,  they
do not include  all of the  information  and  footnotes  required  by  generally
accepted accounting principles for complete financial statements. The accounting
and  reporting  policies  of the  Company  conform in all  material  respects to
generally  accepted  accounting  principles and to general  practice  within the
thrift industry. It is the opinion of management that the accompanying unaudited
consolidated  interim financial  statements  reflect all adjustments,  which are
considered  necessary to report fairly the financial position as of December 31,
2001, the  Consolidated  Statements of Income and  Comprehensive  Income and the
Consolidated  Statements of Cash Flows for the three months ended,  December 31,
2001 and 2000. The results of operations for the three months ended December 31,
2001,  are not  necessarily  indicative  of results that may be expected for the
entire year ending September 30, 2002, or for any other period. The accompanying
unaudited   consolidated   interim  financial   statements  should  be  read  in
conjunction with the Company's September 30, 2001 audited consolidated financial
statements,  including  the notes  thereto,  which are included in the Company's
Annual Report on Form 10-KSB for the fiscal year ended September 30, 2001.

In preparing the financial statements,  management is required to make estimates
and assumptions that affect the reported amount of assets and  liabilities,  the
disclosure of contingent  assets and liabilities  and the reported  revenues and
expenses.  Actual results could differ  significantly  from those estimates.  In
addition,  various regulatory agencies, as an integral part of their examination
process, periodically review the Bank's allowance for loan losses and foreclosed
real estate.  Such  agencies may require the Bank to recognize  additions to the
allowance for loan losses or additional  write-downs  on foreclosed  real estate
based on their  judgments  about  information  available  to them at the time of
their examination.

Cash Equivalents
----------------

For the purpose of  presentation in the  Consolidated  Statements of Cash Flows,
cash  and  cash  equivalents  are  defined  as  those  amounts  included  in the
balance-sheet  caption  "cash and due from  banks."  The Company  considers  all
highly liquid investments with original  maturities of three months or less when
purchased as cash equivalents.

Nature of Operations
--------------------

The Company is a unitary  savings and loan holding  company.  The Bank  operates
three  branches in  Burlington  County,  New Jersey.  The Bank offers  customary
banking services,  including accepting  checking,  savings and time deposits and
the making of commercial,  real-estate  and consumer loans, to customers who are
predominantly small and middle-market businesses and middle-income  individuals.
In

                                       4
<PAGE>

December  2000,  the Company  began  offering  brokerage  advisory  services and
insurance services to the general public through Peoples Financial Services Inc.
a  subsidiary  organized  for the sale of mutual funds and  insurance  through a
third party networking agreement.


New Branch
----------

Peoples  Savings Bank has entered  into a lease  agreement  for a fourth  branch
office location in Burlington County expected to open in the fall of 2002.


NOTE 2.  Net Income Per Common Share
         ---------------------------

Basic net income per common  share is  calculated  by dividing net income by the
number of  shares of common  stock  outstanding,  adjusted  for the  unallocated
portion of shares held by the Company's  Employee Stock Ownership Plan ("ESOP").
Diluted net income per share is  calculated by adjusting the number of shares of
common stock  outstanding  to include the effect of stock  options,  stock-based
compensation  grants and other  securities,  if dilutive,  generally,  using the
treasury stock method.

<TABLE>
<CAPTION>
                                       For the three months ended December 31
                             ------------------------------------------------------------

                                           2001                        2000
                             -------------------------------  ---------------------------

                                          Weighted   Per-             Weighted     Per-
                                          Average    Share            Average      Share
                              Income      Shares     Amount   Income   Shares      Amount
                              ------      ------     ------   ------   ------      ------

<S>                         <C>         <C>                <C>       <C>
Net income available to
Common Shareholders           $ 44,468    360,866            $  5,875  375,782

ESOP Shares, not committed                (21,274)                     (24,312)
            to be released

RSP Shares                                (12,014)                     (14,134)
                              --------    -------   ------   --------  -------     ------
Basic earnings per share      $ 44,468    327,578   $ 0.14   $  5,875  337,336     $ 0.02

Common Stock equivalents                    2,141
                              --------    -------   ------   --------  -------     ------
Diluted earnings per share    $ 44,468    329,719   $ 0.14   $  5,875  337,336     $ 0.02
                              ========    =======   ======   ========  =======     ======
</TABLE>


NOTE 3.  Investments
         -----------

In fiscal year 2001, the Bank adopted Statement of Financial Accounting Standard
No. 133  "Accounting  for Derivative  Instruments  and Hedging  Activities."  In
accordance  FASB 133,  the Bank  transferred  a portion of its  held-to-maturity
portfolio  to   available-for-sale.   The   unrealized   gain  or  loss  on  the
held-to-maturity  investments  that were  transferred to  available-for-sale  is
reported  in  accumulated  other

                                       5
<PAGE>

comprehensive  income consistent with the requirements of Statement of Financial
Accounting  Standard No. 115  "Accounting  for Certain  Investments  in Debt and
Equity Securities."


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations


Financial Condition

         Total  assets  increased  $4.0  million  or 5.9% to  $71.5  million  at
December  31, 2001 from $67.5  million at September  30, 2001.  The increase was
primarily  attributable  to a $3.1  million  increase  in the Bank's  investment
securities, a $4.9 million increase in loans receivable net, a $650,000 increase
in premises and  equipment  increased  offset by a decrease in cash and due from
banks of $4.6 million.  The Bank's total  liabilities  increased $4.2 million or
6.8%,  to $66.0 million at December 31, 2001 from $61.9 million at September 30,
2001.  The increase was  primarily  attributable  to a $5.7 million  increase in
deposits,  partially  offset  by a $1.5  million  decrease  in  borrowings.  The
increase  in  loans   receivable  is  attributable  to  a  general  increase  in
refinancing as well as the  successful  implementation  of the  commercial  loan
department.  The increase in premises and equipment  was due to  exercising  the
option to purchase the building at the Mount Laurel location.

Stockholder'  equity decreased  $118,000 to $5.5 million or 7.8% of total assets
at December  31,  2001,  as compared to $5.7  million or 8.4% of total assets at
September  30,  2001.  The  decrease  in   stockholders'   equity  is  primarily
attributable  a change in the  unrealized  depreciation  on  available  for sale
securities  net of taxes of $175,000  partially  offset by net income of $44,000
and amortization of ESOP and Restricted Stock Plan shares of $13,000.


Results of Operations


         Net  Income.  The Bank's net income  increased  $38,000 for the quarter
ended  December 31, 2001 to $44,000 from $6,000 for the quarter  ended  December
31,  2000.  The  increase in net income was  attributable  to an increase in the
Bank's  net  interest  income  after  provisions  for loan  losses of  $129,000,
attributable  to a decrease  in cost of funds as well as an  increase  in higher
yielding  loans,  mainly  commercial,  as well as an increase in higher yielding
investments,  an increase in non-interest income of $13,000, partially offset by
an  increase  in  non-interest  expense of $91,000 and an increase in income tax
expense of $11,000.  The increase in other non-interest  expenses was mostly due
to expenses associated with the establishing of a commercial loan department.

         Net  Interest  Income.  Net  interest  income  is the most  significant
component  of the Bank's  income from  operations.  Net  interest  income is the
difference  between  interest the Bank received on its interest  earning assets,
primarily  loans and  investment  securities,  and interest the Bank pays on its
interest-bearing  liabilities,  primarily deposits and borrowings.  Net interest
income depends on the volume of and rates earned on interest-earning  assets and
the volume of and rates paid on interest-bearing liabilities.

         Net interest income after provision for loan losses increased $129,000,
or 31.0%,  to $550,000  for the quarter  ended  December 31, 2001 as compared to
$420,000 for the quarter ended December 31, 2000. The increase was primarily due
to the increase in loans receivable and a decrease in the cost of funds.


                                       6
<PAGE>

         Provision  for Loan Losses.  Provision  for loan losses was $14,800 for
the three  months ended  December 31, 2001,  as compared to $3,000 for the three
months ended December 31, 2000. The provision for loan losses  increased  during
the quarter  ended  December  31,  2001,  due to the increase in lending and the
nature of the loans.

         Management believes the allowance for loan losses is at a level that is
adequate to provide for  estimated  losses.  However,  there can be no assurance
that further  additions  will not be made to the  allowance and that such losses
will not exceed the estimated amount.

         Non-Interest  Income.  Non-interest  income increased  $11,000 or 18.9%
from  $69,000 for the quarter  ended  December  31, 2000 to $80,000 for the same
period  in  2001.  Non-interest  income  included  a gain on sale of  securities
available for sale of $7,000 in 2000 and $13,000 in 2001.

         Non-Interest  Expense.  Non-interest expense increased $91,000 or 18.9%
from approximately  $480,000 for the quarter ended December 31, 2000 to $571,000
for the same period in 2001. The increase in the Bank's non-interest expense was
primarily due to a $9,000 increase in other non-interest expense and an increase
of $64,000 in the Bank's compensation and benefits. The category of non-interest
expense  classified as "Other" is comprised of expenses  related to advertising,
fees charged by banks,  loan  processing  fees,  NOW expenses,  costs related to
supplies  and  various  professional  fees.  The  increase in  compensation  and
benefits is mostly due to establishing the bank's commercial loan department.

         Income Tax Expense.  Income tax expense  increased  $11,000 from $4,000
for the quarter ended  December 31, 2000 to $15,000 for the same period in 2001.
This increase in income tax expense is due to the increase in income.

Liquidity and Capital Resources

         The Bank is  required to maintain  levels of liquid  assets  considered
necessary for its safe and sound operations.

         In December  2000,  the Bank  transferred  a portion of its  investment
securities from  held-to-maturity  into  available-for-sale,  in accordance with
FASB 133.

         The Bank's  primary  sources of funds are deposits,  repayment of loans
and  mortgage-backed   securities,   maturities  of  investment  securities  and
interest-bearing  deposits with other banks, advances from the FHLB of New York,
and funds  provided from  operations.  While  scheduled  repayments of loans and
mortgage-backed   securities  and   maturities  of  investment   securities  are
predictable  sources of funds,  deposit flows,  and loan prepayments are greatly
influenced  by the general  level of interest  rates,  economic  conditions  and
competition.  The Bank uses its liquidity resources principally to fund existing
and future loan commitments, maturing certificates of deposit and demand deposit
withdrawals,  to invest in other interest-earning assets, to maintain liquidity,
and meet operating expenses.

         Net cash provided by the Bank's operating  activities (the cash effects
of  transactions  that enter into the Bank's  determination  of net income e.g.,
non-cash items,  amortization and  depreciation,  provision for loan losses) for
the three months ended December 31, 2001 was $1,000,  a decrease of $87,000,  as
compared to the same period in 2000. The decrease in 2001 was primarily due to a
change in accrued interest  receivable and accrued interest payable of $137,000,
an increase in other  assets of $22,000 and a change in accrued  liabilities  of
$13,000 partially offset by a change in provision for loan losses of $12,000 and
a change in net income of $38,000.

                                       7
<PAGE>


         Net  cash  used  by  the  Bank's  investing   activities   (i.e.,  cash
disbursements,  primarily for the purchase of the Bank's  investment  securities
and the Bank's loan  portfolio)  for the three months  ended  December 31, 2001,
totaled  $8.9  million  compared to a source of funds of  $732,000  for the same
period in 2000.  The  difference  is  attributable  to an  increase in net loans
receivable  of $4.9 million in 2001 compared to $1.3 million in 2001 purchase of
securities of $3.9 million in 2001 compared to $1.0 million in 2000 and purchase
of premises and equipment of $677,000 in 2001.

         Net cash  provided  by the  Bank's  financing  activities  (i.e.,  cash
receipts  primarily  from net  increases in deposits  and net  increases in FHLB
advances)  for the three months ended  December 31, 2001,  totaled $4.2 million,
compared to net cash used by financing  activities  of $1.2 million for the same
period in 2000.  The increase is  attributable  to a net increase in deposits of
$5.8 million in 2001 offset by a repayment of borrowings of $1.5 million.

         Office of Thrift Supervision ("OTS") capital regulations  applicable to
the Bank require  savings  institutions  to meet three  capital  standards:  (1)
tangible  capital equal to 1.5% of total adjusted  assets,  (2) a leverage ratio
(core  capital)  equal  to at  least  3% of  total  adjusted  assets,  and (3) a
risk-based capital requirement equal to 8.0% of total  risk-weighted  assets. In
addition,  the OTS prompt corrective  action regulation  provides that a savings
institution  that  has a  leverage  capital  ratio  of  less  than  4%  (3%  for
institutions  receiving  the highest  examination  rating)  will be deemed to be
"undercapitalized"  and may be subject to certain restrictions.  The Bank was in
compliance with these requirements at December 31, 2001, with tangible, core and
risk based capital ratios of 6.99%, 6.99% and 13.91%, respectively.

                                       8
<PAGE>
                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings
         -----------------

          The Registrant is not engaged in any legal  proceedings at the present
          time.  From  time to time,  the  Bank is a party to legal  proceedings
          within the normal course of business  wherein it enforces its security
          interests in loans made by it, and other similar matters.

Item 2.  Changes in Securities and Use of Proceeds
         -----------------------------------------

          Not applicable.

Item 3.  Defaults Upon Senior Securities
         -------------------------------

          Not applicable.

Item 4.  Submission of Matters to a Vote of Security Holders
         ---------------------------------------------------

          Not applicable.

Item 5.  Other Information
         -----------------

          Not applicable.

Item 6.  Exhibits and Reports on Form 8-K
         --------------------------------

          (a)      Exhibits:

                   None.

         (b)       Current Reports on Form 8-K filed during the quarter ended
                   December 31, 2001:

                   None.


                                       9
<PAGE>


                                   SIGNATURES


         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                      FARNSWORTH BANCORP, INC.


Date: February 1, 2002         By:  /s/Gary N. Pelehaty
                                    --------------------------------------------
                                    Gary N. Pelehaty
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)




Date: February 1, 2002         By:  /s/Charles Alessi
                                    --------------------------------------------
                                    Charles Alessi
                                    Vice President, Chief Financial Officer,
                                    Secretary and Treasurer
                                    (Principal Financial and Accounting Officer)


                                       10