**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

| x      | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                            |
|   | For                the quarterly period ended December 31, 2007                                                 |
|   |                                                                                                            |
| o      | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT                                  |
|   |                                                                                                            |
|   | For                the transition period from _____ to                _____.                                    |

| Eagle                Bancorp                                                                    |
|-------------------------------------------------------------------------------------------------|
| (Exact                name of small business issuer as                specified in its charter) |

| United                States                                                  | 81-0531318                                          |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification No.) |

| 1400                Prospect Avenue, Helena, MT                59601   |
|------------------------------------------------------------------------|
| (Address                of principal executive                offices) |

| (406)                442-3080                             |
|-----------------------------------------------------------|
| (Issuer's                telephone                number) |

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

| Common                stock, par value $0.01 per share | 1,078,822                shares outstanding |
|--------------------------------------------------------|---------------------------------------------|

----

TABLE      OF CONTENTS

| PART                I. | FINANCIAL                INFORMATION                                                                                                                           |                    |
|------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|
|                   |                                                                                                                                                           |                    |
| Item                1. | Financial                Statements                                                                                                                            |                    |
|                   |                                                                                                                                                           |                    |
|                   | Consolidated                Statements of Financial Condition as of December 31, 2007 (unaudited)                and                June 30, 2007              | 1                and 2  |
|                   |                                                                                                                                                           |                    |
|                   | Consolidated                Statements of Income for the three and six months ended December                31, 2007                and 2006 (unaudited)       | 3                and 4  |
|                   |                                                                                                                                                           |                    |
|                   | Consolidated                Statements of Changes in Stockholders' Equity for the six months                ended                December 31, 2007 (unaudited) | 5                       |
|                   |                                                                                                                                                           |                    |
|                   | Consolidated                Statements of Cash Flows for the six months ended December 31, 2007                and                2006 (unaudited)             | 6                and 7  |
|                   |                                                                                                                                                           |                    |
|                   | Notes                to Consolidated Financial Statements                                                                                                      | 8                to 12  |
|                   |                                                                                                                                                           |                    |
| Item                2. | Management's                Discussion and Analysis of Financial Condition or Plan of                Operations                                                | 13                to 19 |
|                   |                                                                                                                                                           |                    |
| Item                3. | Controls                and Procedures                                                                                                                         | 20                      |

| PART                II.     | OTHER                INFORMATION                                           |   |
|-----------------------------|----------------------------------------------------------------------------|--------|
|                        |                                                                       |   |
| Item                1.      | Legal                Proceedings                                           | 21     |
| Item                2.      | Unregistered                Sales of Equity Securities and Use of Proceeds | 21     |
| Item                3.      | Defaults                Upon Senior Securities                             | 21     |
| Item                4.      | Submission                of Matters to a Vote of Security-Holders         | 22     |
| Item                5.      | Other                Information                                           | 22     |
| Item                6.      | Exhibits                                                                   | 22     |
|                        |                                                                       |   |
| Signatures                  |                                                                       | 23     |
|                        |                                                                       |   |
| Exhibit                31.1 |                                                                       |   |
|                        |                                                                       |   |
| Exhibit                31.2 |                                                                       |   |
|                        |                                                                       |   |
| Exhibit                32.1 |                                                                       |   |

----

|                                                                                                       |   |   | December                31, |   |   | June                30, |   |
|------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------|--------|--------|-------------------------|--------|
|                                                                                                       |   |   | 2007                        |   |   | 2007                    |   |
|                                                                                                       |   |   | (Unaudited)                 |   |   | (Audited)               |   |
| ASSETS                                                                                                     |   |   |                             |   |   |                         |   |
| Cash                and due from banks                                                                     |   | $      | 4,426                       |   | $      | 2,709                   |   |
| Interest-bearing                deposits with banks                                                        |   |   | 350                         |   |   | 360                     |   |
| Total                cash and cash equivalents                                                             |   |   | 4,776                       |   |   | 3,069                   |   |
|                                                                                                       |   |   |                        |   |   |                    |   |
| Investment                securities FAS 159, at market value                                              |   |   | 1,401                       |   |   | 0                       |   |
| Investment                securities available-for-sale, at market value                                   |   |   | 61,280                      |   |   | 64,774                  |   |
| Investment                securities held-to-maturity, at cost                                             |   |   | 726                         |   |   | 921                     |   |
| Investment                in nonconsolidated subsidiary                                                    |   |   | 155                         |   |   | 155                     |   |
| Federal                Home Loan Bank stock, at cost                                                       |   |   | 1,315                       |   |   | 1,315                   |   |
| Mortgage                loans held-for-sale                                                                |   |   | 748                         |   |   | 1,175                   |   |
| Loans                receivable, net of deferred loan fees and allowance for loan losses                of |   |   |                        |   |   |                    |   |
| $515                at December 31, 2007 and $518 at June 30, 2007                                         |   |   | 164,626                     |   |   | 158,140                 |   |
| Accrued                interest and dividends receivable                                                   |   |   | 1,352                       |   |   | 1,333                   |   |
| Mortgage                servicing rights, net                                                              |   |   | 1,651                       |   |   | 1,628                   |   |
| Property                and equipment, net                                                                 |   |   | 6,419                       |   |   | 5,806                   |   |
| Cash                surrender value of life insurance                                                      |   |   | 6,165                       |   |   | 5,764                   |   |
| Real                estate acquired in settlement of loans, net of allowance for                losses     |   |   | 0                           |   |   | 0                       |   |
| Other                assets                                                                                |   |   | 372                         |   |   | 606                     |   |
| Total                assets                                                                                |   | $      | 250,986                     |   | $      | 244,686                 |   |

----

|                                                                                                                                                                                                                                                 |   |   | December                31, |   |   | June                30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------|--------|--------|-------------------------|--------|
|                                                                                                                                                                                                                                                 |   |   | 2007                        |   |   | 2007                    |   |
|                                                                                                                                                                                                                                                 |   |   | (Unaudited)                 |   |   | (Audited)               |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                  |   |   |                             |   |   |                         |   |
| Liabilities:                                                                                                                                                                                                                                         |   |   |                             |   |   |                         |   |
| Deposit                accounts:                                                                                                                                                                                                                     |   |   |                             |   |   |                         |   |
| Noninterest                bearing                                                                                                                                                                                                                   |   | $      | 12,967                      |   | $      | 13,694                  |   |
| Interest                bearing                                                                                                                                                                                                                      |   |   | 162,037                     |   |   | 165,953                 |   |
| Federal                funds purchased                                                                                                                                                                                                               |   |   | 0                           |   |   | 3,800                   |   |
| Advances                from Federal Home Loan Bank and other borrowings                                                                                                                                                                             |   |   | 43,700                      |   |   | 30,000                  |   |
| Long-term                subordinated debentures                                                                                                                                                                                                     |   |   | 5,155                       |   |   | 5,155                   |   |
| Accrued                expenses and other liabilities                                                                                                                                                                                                |   |   | 1,988                       |   |   | 1,996                   |   |
| Total                liabilities                                                                                                                                                                                                                     |   |   | 225,847                     |   |   | 220,598                 |   |
| Stockholders'                Equity:                                                                                                                                                                                                                 |   |   |                        |   |   |                    |   |
| Preferred                stock (no par value, 1,000,000 shares authorized, none issued or                outstanding)                                                                                                                                |   |   |                        |   |   |                    |   |
| Common                stock (par value $0.01 per share; 9,000,000 shares authorized; 1,223,572                shares issued; 1,079,822 and 1,084,357 outstanding at December 31,                2007                and June 30, 2007, respectively) |   |   | 12                          |   |   | 12                      |   |
| Additional                paid-in capital                                                                                                                                                                                                            |   |   | 4,441                       |   |   | 4,387                   |   |
| Unallocated                common stock held by employee stock ownership plan                ("ESOP")                                                                                                                                                |   |   | (74                         | )      |   | (92                     | )      |
| Treasury                stock, at cost (143,750 and 139,215 shares at December 31, 2007 and                                                                                                                                                          |   |   |                        |   |   |                    |   |
| June                30, 2007, respectively                                                                                                                                                                                                           |   |   | (4,908                      | )      |   | (4,759                  | )      |
| Retained                earnings                                                                                                                                                                                                                     |   |   | 25,805                      |   |   | 25,448                  |   |
| Accumulated                other comprehensive loss                                                                                                                                                                                                  |   |   | (137                        | )      |   | (908                    | )      |
| Total                stockholders' equity                                                                                                                                                                                                            |   |   | 25,139                      |   |   | 24,088                  |   |
|                                                                                                                                                                                                                                                 |   |   |                        |   |   |                    |   |
| Total                liabilities and stockholders' equity                                                                                                                                                                                            |   | $      | 250,986                     |   | $      | 244,686                 |   |

----

|                                                             |   |   | Three                  Months EndedDecember                31, |   |   | Six                Months EndedDecember                  31, |   |
|------------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|
|                                                             |   |   | 2007                                                           |   |   | 2006                                                         |   |   | 2007  |   |   | 2006 |   |
|                                                             |   |   | (Unaudited)                                                    |   |   | (Unaudited)                                             |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Interest                and Dividend Income:                     |   |   |                                                           |   |   |                                                         |   |   |  |   |   |  |   |
| Interest                and fees on loans                        |   | $      | 2,751                                                          |   | $      | 2,378                                                        |   | $ | 5,419 |   | $ | 4,689 |   |
| Interest                on deposits with banks                   |   |   | 27                                                             |   |   | 16                                                           |   |   | 34 |   |   | 28 |   |
| Securities                held-to-maturity                       |   |   | 9                                                              |   |   | 11                                                           |   |   | 18 |   |   | 22 |   |
| Securities                available-for-sale                     |   |   | 704                                                            |   |   | 696                                                          |   |   | 1,426 |   |   | 1,356 |   |
| FHLB                dividends                                    |   |   | 3                                                              |   |   | 1                                                            |   |   | 5 |   |   | 1 |   |
| Total                interest and dividend income                |   |   | 3,494                                                          |   |   | 3,102                                                        |   |   | 6,902 |   |   | 6,096 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Interest                Expense:                                 |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Deposits                                                         |   |   | 1,171                                                          |   |   | 1,042                                                        |   |   | 2,356 |   |   | 1,976 |   |
| FHLB                advances and other borrowings                |   |   | 471                                                            |   |   | 355                                                          |   |   | 910 |   |   | 686 |   |
| Subordinated                debentures                           |   |   | 75                                                             |   |   | 75                                                           |   |   | 150 |   |   | 150 |   |
| Total                interest expense                            |   |   | 1,717                                                          |   |   | 1,472                                                        |   |   | 3,416 |   |   | 2,812 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Net                interest income                               |   |   | 1,777                                                          |   |   | 1,630                                                        |   |   | 3,486 |   |   | 3,284 |   |
| Loan                loss provision                               |   |   | 0                                                              |   |   | 0                                                            |   |   | 0 |   |   | 0 |   |
| Net                interest income after loan loss provision     |   |   | 1,777                                                          |   |   | 1,630                                                        |   |   | 3,486 |   |   | 3,284 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Noninterest                income:                               |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Net                gain on sale of loans                         |   |   | 183                                                            |   |   | 190                                                          |   |   | 382 |   |   | 309 |   |
| Demand                deposit service charges                    |   |   | 190                                                            |   |   | 128                                                          |   |   | 356 |   |   | 263 |   |
| Mortgage                loan servicing fees                      |   |   | 137                                                            |   |   | 133                                                          |   |   | 270 |   |   | 271 |   |
| Net                gain on sale of available-for-sale securities |   |   | 0                                                              |   |   | 1                                                            |   |   | 0 |   |   | 1 |   |
| Net                loss on securities FAS 159                    |   |   | (390                                                           | )      |   | 0                                                            |   |   | (431 | ) |   | 0 |   |
| Other                                                            |   |   | 149                                                            |   |   | 140                                                          |   |   | 276 |   |   | 285 |   |
| Total                noninterest income                          |   |   | 269                                                            |   |   | 592                                                          |   |   | 853 |   |   | 1,129 |   |

----

|                                                             |   |   | Three                  Months EndedDecember                31, |   |   | Six                  Months EndedDecember                31, |   |
|------------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|
|                                                             |   |   | 2007                                                           |   |   | 2006                                                         |   |   | 2007 |   |   | 2006 |   |
|                                                             |   |   | (Unaudited)                                                    |   |   | (Unaudited)                                                  |   |
| Noninterest                expense:                              |   |   |                                                           |   |   |                                                         |   |   |  |   |   |  |   |
| Salaries                and employee benefits                    |   |   | 1,008                                                          |   |   | 914                                                          |   |   | 1,954 |   |   | 1,752 |   |
| Occupancy                expenses                                |   |   | 130                                                            |   |   | 133                                                          |   |   | 265 |   |   | 275 |   |
| Furniture                and equipment depreciation              |   |   | 70                                                             |   |   | 68                                                           |   |   | 141 |   |   | 147 |   |
| In-house                computer expense                         |   |   | 84                                                             |   |   | 70                                                           |   |   | 158 |   |   | 141 |   |
| Advertising                expense                               |   |   | 70                                                             |   |   | 60                                                           |   |   | 133 |   |   | 153 |   |
| Amortization                of mtg servicing fees                |   |   | 75                                                             |   |   | 73                                                           |   |   | 141 |   |   | 149 |   |
| Federal                insurance premiums                        |   |   | 5                                                              |   |   | 5                                                            |   |   | 10 |   |   | 11 |   |
| Postage                                                          |   |   | 33                                                             |   |   | 21                                                           |   |   | 56 |   |   | 39 |   |
| Legal,                accounting, and examination fees           |   |   | 65                                                             |   |   | 66                                                           |   |   | 121 |   |   | 124 |   |
| Consulting                fees                                   |   |   | 7                                                              |   |   | 20                                                           |   |   | 22 |   |   | 36 |   |
| ATM                processing                                    |   |   | 13                                                             |   |   | 10                                                           |   |   | 27 |   |   | 22 |   |
| Other                                                            |   |   | 227                                                            |   |   | 221                                                          |   |   | 427 |   |   | 428 |   |
| Total                noninterest expense                         |   |   | 1,787                                                          |   |   | 1,661                                                        |   |   | 3,455 |   |   | 3,277 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Income                before provision for income taxes          |   |   | 259                                                            |   |   | 561                                                          |   |   | 884 |   |   | 1,136 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Provision                for income taxes                        |   |   | 40                                                             |   |   | 100                                                          |   |   | 201 |   |   | 253 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Net                income                                        |   | $      | 219                                                            |   | $      | 461                                                          |   | $ | 683 |   | $ | 883 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Basic                earnings per share                          |   | $      | 0.20                                                           |   | $      | 0.43                                                         |   | $ | 0.64 |   | $ | 0.72 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Diluted                earnings per share                        |   | $      | 0.18                                                           |   | $      | 0.38                                                         |   | $ | 0.56 |   | $ | 0.73 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Weighted                average shares outstanding (basic eps)   |   |   | 1,070,862                                                      |   |   | 1,072,540                                                    |   |   | 1,071,651 |   |   | 1,073,100 |   |
|                                                             |   |   |                                                           |   |   |                                                         |   |   |   |   |   |   |   |
| Weighted                average shares outstanding (diluted eps) |   |   | 1,213,612                                                      |   |   | 1,209,012                                                    |   |   | 1,213,035 |   |   | 1,208,435 |   |

----

|                                                                                                          |   |   | PREFERREDSTOCK |   |   | COMMONSTOCK |   |   | ADDITIONALPAID-INCAPITAL |   |   | UNALLOCATEDESOPSHARES |   |   | TREASURYSTOCK |    |   | RETAINEDEARNINGS |   |   | ACCUMULATEDOTHERCOMPREHENSIVEINCOME |   |   | TOTAL  |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------|----------------|--------|--------|-------------|--------|--------|--------------------------|--------|--------|-----------------------|--------|--------|---------------|---------|--------|------------------|--------|--------|-------------------------------------|--------|--------|--------|--------|
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Balance,                June 30, 2007                                                                         |   | $      | -              |   | $      | 12          |   | $      | 4,387                    |   | $      | (92                   | )      | $      | (4,759        | )       | $      | 25,448           |   | $      | (908                                | )      | $      | 24,088 |   |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Net                income                                                                                     |   |   | -              |   |   | -           |   |   | -                        |   |   | -                     |   |   | -             |    |   | 683              |   |   | -                                   |   |   | 683    |   |
| Other                comprehensive income                                                                     |   |   | -              |   |   | -           |   |   | -                        |   |   | -                     |   |   | -             |    |   | -                |   |   | 771                                 |   |   | 771    |   |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Total                comprehensive income                                                                     |   |   | -              |   |   | -           |   |   | -                        |   |   | -                     |   |   | -             |    |   | -                |   |   | -                                   |   |   | 1,454  |   |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Dividends                paid ($.24 per share)                                                                |   |   | -              |   |   | -           |   |   | -                        |   |   | -                     |   |   | -             |    |   | (209             | )      |   | -                                   |   |   | (209   | )      |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Treasury                stock purchased (1,250 shares @ $33.00; 3,285 shares @                $32.75)         |   |   | -              |   |   | -           |   |   | -                        |   |   | -                     |   |   | (149          |  ) |   | -                |   |   | -                                   |   |   | (149   | )      |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| FAS                159 Adjustment                                                                             |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   | (117             | )      |   |                                |   |   |   |   |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| ESOP                shares allocated or committed to be released for allocation (1,150                shares) |   |   | -              |   |   | -           |   |   | 54                       |   |   | 18                    |   |   | -             |    |   | -                |   |   | -                                   |   |   | 72     |   |
|                                                                                                          |   |   |           |   |   |        |   |   |                     |   |   |                  |   |   |          |    |   |             |   |   |                                |   |   |   |   |
| Balance,                December 31, 2007                                                                     |   | $      | -              |   | $      | 12          |   | $      | 4,441                    |   | $      | (74                   | )      | $      | (4,908        | )       | $      | 25,805           |   | $      | (137                                | )      | $      | 25,139 |   |

----

|                                                                                                                              |   | Six                Months Ended |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|
|                                                                                                                              |   | December                31,     |
|                                                                                                                              |   |                            | 2007 |   |   | 2006 |   |
|                                                                                                                              |   | (Unaudited)                     |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                              |   |                            |  |   |   |  |   |
| Net                income                                                                                                         |   | $                               | 683 |   | $ | 883 |   |
| Adjustments                to reconcile net income to net cash from operating                activities:                          |   |                            |   |   |   |   |   |
| Depreciation                                                                                                                      |   |                            | 228 |   |   | 249 |   |
| Net                amortization of marketable securities premium and                discounts                                     |   |                            | 113 |   |   | 318 |   |
| Amortization                of capitalized mortgage servicing rights                                                              |   |                            | 141 |   |   | 149 |   |
| Gain                on sale of loans                                                                                              |   |                            | (382 | ) |   | (309 | ) |
| Net                realized gain on sale of available-for-sale securities                                                         |   |                            | - |   |   | (1 | ) |
| Increase                in cash surrender value of life insurance                                                                 |   |                            | (101 | ) |   | (91 | ) |
| Loss                in investment securities, FAS 159                                                                             |   |                            | 431 |   |   | - |   |
| Change                in assets and liabilities:                                                                                  |   |                            |   |   |   |   |   |
| (Increase)                decrease in assets:                                                                                     |   |                            |   |   |   |   |   |
| Accrued                interest and dividends receivable                                                                          |   |                            | (19 | ) |   | (68 | ) |
| Loans                held-for-sale                                                                                                |   |                            | 807 |   |   | (825 | ) |
| Other                assets                                                                                                       |   |                            | 154 |   |   | 432 |   |
| Increase                (decrease) in liabilities:                                                                                |   |                            |   |   |   |   |   |
| Accrued                expenses and other liabilities                                                                             |   |                            | (293 | ) |   | (254 | ) |
| Net                cash provided by operating activities                                                                          |   |                            | 1,662 |   |   | 483 |   |
|                                                                                                                              |   |                            |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                                              |   |                            |   |   |   |   |   |
| Purchase                of securities:                                                                                            |   |                            |   |   |   |   |   |
| Investment                securities available-for-sale                                                                           |   |                            | (3,990 | ) |   | (13,720 | ) |
| Proceeds                from maturities, calls and principal payments:                                                            |   |                            |   |   |   |   |   |
| Investment                securities held-to-maturity                                                                             |   |                            | 195 |   |   | 56 |   |
| Investment                securities available-for-sale                                                                           |   |                            | 6,630 |   |   | 8,977 |   |
| Proceeds                from sales of investment securities available-for-sale                                                    |   |                            | - |   |   | 3,316 |   |
| Net                increase in loans receivable, excludes transfers to real estate acquired                in settlement of loans |   |                            | (6,651 | ) |   | (6,610 | ) |
| Purchase                of property and equipment                                                                                 |   |                            | (841 | ) |   | (225 | ) |
| Purchase                of bank owned life insurance                                                                              |   |                            | (300 | ) |   | (342 | ) |
| Net                cash used in investing activities                                                                              |   |                            | (4,957 | ) |   | (8,548 | ) |

----

|                                                                     |   | Six                Months Ended |
|--------------------------------------------------------------------------|--------|---------------------------------|
|                                                                     |   | December                31,     |
|                                                                     |   |                            | 2007 |   |   | 2006 |   |
|                                                                     |   | (Unaudited)                     |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                     |   |                            |   |   |   |   |   |
| Net                increase in checking and savings accounts             |   | $                               | $(4,641 | ) | $ | $993 |   |
| Net                decrease in federal funds                             |   |                            | (3,800 | ) |   | (2,175 | ) |
| Payments                on FHLB advances and other borrowings            |   |                            | (5,000 | ) |   | (9,334 | ) |
| FHLB                advances and other borrowings                        |   |                            | 18,700 |   |   | 21,000 |   |
| Purchase                of treasury stock                                |   |                            | (148 | ) |   | (166 | ) |
| Dividends                paid                                            |   |                            | (209 | ) |   | (194 | ) |
| Net                cash provided by financing activities                 |   |                            | 4,902 |   |   | 10,124 |   |
|                                                                     |   |                            |   |   |   |   |   |
| Net                increase in cash and cash equivalents                 |   |                            | 1,707 |   |   | 2,059 |   |
|                                                                     |   |                            |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, beginning of period            |   |                            | 3,069 |   |   | 2,871 |   |
|                                                                     |   |                            |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, end of period                  |   | $                               | 4,776 |   | $ | 4,930 |   |
|                                                                     |   |                            |   |   |   |   |   |
| SUPPLEMENTAL                CASH FLOW INFORMATION:                       |   |                            |   |   |   |   |   |
| Cash                paid during the period for interest                  |   | $                               | 3,385 |   | $ | 2,926 |   |
|                                                                     |   |                            |   |   |   |   |   |
| Cash                paid during the period for income taxes              |   | $                               | 530 |   | $ | 322 |   |
|                                                                     |   |                            |   |   |   |   |   |
| NON-CASH                INVESTING ACTIVITIES:                            |   |                            |   |   |   |   |   |
| Increase                in market value of securities available-for-sale |   | $                               | (1,093 | ) | $ | (957 | ) |
|                                                                     |   |                            |   |   |   |   |   |
| Mortgage                servicing rights capitalized                     |   | $                               | 165 |   | $ | 108 |   |

----

**NOTE      1.** **BASIS      OF PRESENTATION**

**NOTE      2.**
**INVESTMENT      SECURITIES**

|                                                  |   |  December                31, 2007 (Unaudited) |                          | June                30, 2007 (Audited) |   |
|-------------------------------------------------------|--------|----------------------------------------------------|-------------------------------|----------------------------------------|--------|
|                                                  |   |                                               | AMORTIZED                COST |                                   |   | GROSSUNREALIZEDGAINS/(LOSSES) |   |   | FAIRVALUE |   |   | AMORTIZEDCOST |   |   | GROSSUNREALIZEDGAINS/(LOSSES) |   |   | FAIRVALUE |   |
| **Available-for-sale:**                               |   |                                               |                          |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S.                government and agency obligations |   | $                                                  | 3,079                         |                                   | $      | (16 | ) | $ | 3,063 |   | $ | 3,690 |   | $ | (47 | ) | $ | 3,643 |   |
| Municipal                obligations                  |   |                                               | 22,046                        |                                   |   | (144 | ) |   | 21,902 |   |   | 21,198 |   |   | (470 | ) |   | 20,728 |   |
| Corporate                obligations                  |   |                                               | 11,722                        |                                   |   | 8 |   |   | 11,730 |   |   | 13,847 |   |   | (224 | ) |   | 13,623 |   |
| Mortgage-backed                securities             |   |                                               | 7,457                         |                                   |   | (17 | ) |   | 7,440 |   |   | 8,107 |   |   | (235 | ) |   | 7,872 |   |
| Collateralized                mortgage obligations    |   |                                               | 17,192                        |                                   |   | (47 | ) |   | 17,145 |   |   | 17,408 |   |   | (333 | ) |   | 17,075 |   |
| Corporate                preferred stock              |   |                                               | 0                             |                                   |   | 0 |   |   | 0 |   |   | 2,000 |   |   | (167 | ) |   | 1,833 |   |
| Total                                                 |   | $                                                  | 61,496                        |                                   | $      | (216 | ) | $ | 61,280 |   | $ | 66,250 |   | $ | (1,476 | ) | $ | 64,774 |   |
| **Held-to-maturity:**                                 |   |                                               |                          |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Municipal                obligations                  |   | $                                                  | 675                           |                                   | $      | 15 |   | $ | 690 |   | $ | 826 |   | $ | 9 |   | $ | 835 |   |
| Mortgage-backed                securities             |   |                                               | 51                            |                                   |   | - |   |   | 51 |   |   | 95 |   |   | - |   |   | 95 |   |
| Total                                                 |   | $                                                  | 726                           |                                   | $      | 15 |   | $ | 741 |   | $ | 921 |   | $ | 9 |   | $ | 930 |   |

*Fair      Value Option for Financial Assets and Financial Liabilities*

----

**NOTE      3.**
**LOANS      RECEIVABLE**

|                                             |   |                                                   | December                31, |   |   | June                30, |   |
|--------------------------------------------------|--------|--------------------------------------------------------|-----------------------------|--------|--------|-------------------------|--------|
|                                             |   |                                                   | 2007                        |   |   | 2007                    |   |
|                                             |   |                                                   | (Unaudited)                 |   |   | (Audited)               |   |
|                                             |   | *(Dollars                in                Thousands)* |
| First                mortgage loans:             |   |                                                   |                             |   |   |                         |   |
| Residential                mortgage (1-4 family) |   | $                                                      | 86,136                      |   | $      | 81,958                  |   |
| Commercial                real estate            |   |                                                   | 29,012                      |   |   | 25,621                  |   |
| Real                estate construction          |   |                                                   | 6,103                       |   |   | 8,253                   |   |
|                                             |   |                                                   |                        |   |   |                    |   |
| Other                loans:                      |   |                                                   |                        |   |   |                    |   |
| Home                equity                       |   |                                                   | 26,508                      |   |   | 24,956                  |   |
| Consumer                                         |   |                                                   | 11,108                      |   |   | 11,438                  |   |
| Commercial                                       |   |                                                   | 6,186                       |   |   | 6,366                   |   |
|                                             |   |                                                   |                        |   |   |                    |   |
| Total                                            |   |                                                   | 165,053                     |   |   | 158,592                 |   |
|                                             |   |                                                   |                        |   |   |                    |   |
| Less:                Allowance for loan losses   |   |                                                   | (515                        | )      |   | (518                    | )      |
| Add:                Deferred loan fees, net      |   |                                                   | 88                          |   |   | 66                      |   |
|                                             |   |                                                   |                        |   |   |                    |   |
| Total                                            |   | $                                                      | 164,626                     |   | $      | 158,140                 |   |

|                                                            |   |                                    | Six                Months Ended |   |   | Year                Ended |   |
|-----------------------------------------------------------------|--------|-----------------------------------------|---------------------------------|--------|--------|---------------------------|--------|
|                                                            |   |                                    | December                31,     |   |   | June                30,   |   |
|                                                            |   |                                    | 2007                            |   |   | 2007                      |   |
|                                                            |   |                                    | (Unaudited)                     |   |   | (Audited)                 |   |
|                                                            |   | *(Dollars                in Thousands)* |
| Balance,                beginning of period                     |   | $                                       | 518                             |   | $      | 535                       |   |
| Reclassification                to repossessed property reserve |   |                                    | 0                               |   |   | 0                         |   |
| Provision                charged to operations                  |   |                                    | 0                               |   |   | 0                         |   |
| Charge-offs                                                     |   |                                    | (7                              | )      |   | (29                       | )      |
| Recoveries                                                      |   |                                    | 4                               |   |   | 12                        |   |
| Balance,                end of period                           |   | $                                       | 515                             |   | $      | 518                       |   |

----

**NOTE      4.**
**DEPOSITS**

|                                        |   |                                    | December                31, |   |   | June                30, |   |
|---------------------------------------------|--------|-----------------------------------------|-----------------------------|--------|--------|-------------------------|--------|
|                                        |   |                                    | 2007                        |   |   | 2007                    |   |
|                                        |   |                                    | (Unaudited)                 |   |   | (Audited)               |   |
|                                        |   | *(Dollars                in Thousands)* |
| Noninterest                checking         |   | $                                       | 12,965                      |   | $      | 13,694                  |   |
| Interest-bearing                checking    |   |                                    | 31,695                      |   |   | 30,953                  |   |
| Passbook                                    |   |                                    | 22,349                      |   |   | 22,521                  |   |
| Money                market                 |   |                                    | 20,593                      |   |   | 23,292                  |   |
| Time                certificates of deposit |   |                                    | 87,402                      |   |   | 89,187                  |   |
| Total                                       |   | $                                       | 175,004                     |   | $      | 179,647                 |   |

**NOTE      5.**
**EARNINGS      PER SHARE**

**NOTE      6.**
**DIVIDENDS      AND STOCK REPURCHASE PROGRAM**

----

**NOTE      7.**
**MORTGAGE      SERVICING RIGHTS**

|                                         |   |                                    | December                31, |   |   | June                30, |   |
|----------------------------------------------|--------|-----------------------------------------|-----------------------------|--------|--------|-------------------------|--------|
|                                         |   |                                    | 2007                        |   |   | 2007                    |   |
|                                         |   |                                    | (Unaudited)                 |   |   | (Audited)               |   |
|                                              |   | *(Dollars                in Thousands)* |
| Mortgage                Servicing Rights     |   |                                    |                             |   |   |                         |   |
| Beginning                balance             |   | $                                       | 1,628                       |   | $      | 1,722                   |   |
| Servicing                rights capitalized  |   |                                    | 165                         |   |   | 211                     |   |
| Servicing                rights amortized    |   |                                    | (142                        | )      |   | (305                    | )      |
| Ending                balance                |   |                                    | 1,651                       |   |   | 1,628                   |   |
|                                         |   |                                    |                        |   |   |                    |   |
| Valuation                Allowance           |   |                                    |                        |   |   |                    |   |
| Beginning                balance             |   |                                    | 0                           |   |   | 0                       |   |
| Provision                                    |   |                                    | (0                          | )      |   | (0                      | )      |
| Adjustments                                  |   |                                    | 0                           |   |   | 0                       |   |
| Ending                balance                |   |                                    | 0                           |   |   | 0                       |   |
|                                         |   |                                    |                        |   |   |                    |   |
| Net                Mortgage Servicing Rights |   | $                                       | 1,651                       |   | $      | 1,628                   |   |

----

**NOTE      8. RECENTLY ISSUED PRONOUNCEMENTS**

----

**Note      Regarding Forward-Looking Statements**

**Overview**

----

**Financial      Condition**

**Results      of Operations for the Three Months Ended December 31, 2007 and      2006**

*Net      Income.*

*Net      Interest Income.*

*Interest      and Dividend Income.*

----

**Results      of Operations for the Three Months Ended December 31, 2007 and 2006 -      continued**

*Interest      Expense.*

*Provision      for Loan Losses.*

*Noninterest      Income. *
*Fair      Value Option for Financial Assets and Financial Liabilities*

*Noninterest      Expense.*

*Income      Tax Expense.*

----

**Results      of Operations for the Six Months Ended December 31, 2007 and      2006**

*Net      Income.*

*Net      Interest Income.*

*Interest      and Dividend Income.*

*Interest      Expense.*

*Provision      for Loan Losses.*

*Noninterest      Income.*
*Fair      Value Option for Financial Assets and Financial Liabilities*

----

**Results      of Operations for the Six Months Ended December 31, 2007 and 2006 -      continued**

*Noninterest      Expense.*

*Income      Tax Expense.*

**Liquidity,      Interest Rate Sensitivity and Capital Resources**

----

**Liquidity,      Interest Rate Sensitivity and Capital Resources -      continued**

|                               |   | (Unaudited)                         |
|------------------------------------|--------|-------------------------------------|
|                               |   | At                December 31, 2007 |
|                               |   |                                |  |   |   | For                Capital |   |
|                               |   |                                |  |   |   | Adequacy |   |
|                               |   |                                | Dollar |   |   | Purposes |   |
|                               |   |                                | Amount |   |   | %                of Assets |   |
| Tangible                capital:   |   |                                |  |   |   |  |   |
| Capital                level       |   | $                                   | 25,201 |   |   | 10.23 | % |
| Requirement                        |   |                                | 3,694 |   |   | 1.50 |   |
| Excess                             |   | $                                   | 21,507 |   |   | 8.73 | % |
| Core                capital:       |   |                                |   |   |   |   |   |
| Capital                level       |   | $                                   | 25,201 |   |   | 10.23 | % |
| Requirement                        |   |                                | 7,387 |   |   | 3.00 |   |
| Excess                             |   | $                                   | 17,814 |   |   | 7.23 | % |
| Risk-based                capital: |   |                                |   |   |   |   |   |
| Capital                level       |   | $                                   | 25,670 |   |   | 14.63 | % |
| Requirement                        |   |                                | 14,202 |   |   | 8.00 |   |
| Excess                             |   | $                                   | 11,468 |   |   | 6.46 | % |

**Impact      of Inflation and Changing Prices**

**Application      of Critical Accounting Policies**

----

**Application      of Critical Accounting Policies - continued**

----

**CONTROLS      AND PROCEDURES**

----

**Part      II - OTHER INFORMATION**

| Item                1. | Legal                Proceedings.                                                                                                                                                                           |
|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   |                                                                                                                                                                                                        |
|                   | Neither the Company nor the Bank is              involved              in any pending legal proceeding other than non-material legal proceedings              occurring in the ordinary course of business. |
|                   |                                                                                                                                                                                                        |
| Item                2. | Unregistered                Sales of Equity Securities Use of                Proceeds.                                                                                                                      |

|   | c.)    | Small              Business Issuer Purchases of Equity Securities.                                                                                      |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | The following table summarizes the Company’s              purchase of its common stock for the three months ended December 31,              2007. |

|                         | (a)                      | (b)                       | (c)                            | (d)                            |
|------------------------------|--------------------------|---------------------------|--------------------------------|--------------------------------|
|                         |                     |                      | Total                Number    | Maximum                        |
|                         |                     |                      | of                Shares       | Number                of       |
|                         |                     |                      | Purchased                      | Shares                that     |
|                         | Total                    |                      | as                Part of      | May                Yet Be      |
|                         | Number                of | Average                   | Publicly                       | Purchased                      |
|                         | Shares                   | Price                Paid | Announced                Plans | Under                the Plans |
| Period                       | Purchased*               | Per                Share  | or                Programs     | or                Programs     |
|                         |                     |                      |                           |                           |
| October                2007  | 3,285                    | $32.75                    | 3,285                          | 0                              |
| 10-01-07                     |                     |                      |                           |                           |
| 10-31-07                     |                     |                      |                           |                           |
|                         |                     |                      |                           |                           |
| November                2007 | None                     | N/A                       | N/A                            | N/A                            |
| 11-01-07                     |                     |                      |                           |                           |
| 11-30-07                     |                     |                      |                           |                           |
|                         |                     |                      |                           |                           |
| December                2007 | None                     | N/A                       | N/A                            | N/A                            |
| 12-01-07                     |                     |                      |                           |                           |
| 12-31-07                     |                     |                      |                           |                           |
| Total                        | 3,285                    | $32.75                    | 3,285                          | 0                              |

| Item                    3. | Defaults                    Upon Senior Securities. |
|----------------------------|-----------------------------------------------------|
|                       |                                                |
|                       | Not                applicable.                      |

----

**Part      II - OTHER INFORMATION (CONTINUED)**

| Item                      4. | Submission                      of Matters to a Vote of Security Holders.                                                                                                                                                                                      |
|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                                                                                                                                                                                           |
|                         | The proxy statement for the Annual                  Meeting of                  Stockholders was mailed on September 17, 2007. The following matters                  were                  voted on at the meeting held on October 18,                  2007: |

| 1.     | Election                of directors for three-year terms expiring in 2010:                                                                     |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                            |   |   |   |   |   |
|   |                                                                                                                                            | For: |   | Against: |   |   |
|   | Don                O. Campbell                                                                                                                  | 1,089,411 |   | 1,378 |   |   |
|   | Rick                F. Hays                                                                                                                     | 1,088,911 |   | 1,878 |   |   |
|   | Peter                J. Johnson                                                                                                                 | 1,090,011 |   | 778 |   |   |
|   |                                                                                                                                            |   |   |   |   |   |
| 2.     | Ratification                of appointment of Davis, Kinard & Co., P.C. as auditors for the fiscal                year ended June 30, 2008: |
|   |                                                                                                                                            |   |   |   |   |   |
|   |                                                                                                                                            | For: |   | Against: |   | Abstain: |
|   |                                                                                                                                            | 1,088,979 |   | 500 |   | 1,310 |

| Item                        5. | Other                        Information. |
|--------------------------------|-------------------------------------------|
|                           |                                      |
|                           | None.                                     |
|                           |                                      |
| Item                      6.   | Exhibits.                                 |

|   | 31.1   | Certification                by Peter J. Johnson, Chief Executive Officer, pursuant to Rule 13a-14(a)                under the Securities Exchange Act of 1934, as adopted pursuant to                Section                302 (a) of the Sarbanes-Oxley Act of 2002.                                |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                   |
|   | 31.2   | Certification by Clint                J.                Morrison, Chief Financial Officer, pursuant to Rule 13a-14(a) under                the                Securities Exchange Act of 1934, as adopted pursuant to Section 302                (a) of                the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                                                                                                                                                                   |
|   | 32.1   | Certification by Peter                J. Johnson,                Chief Executive Officer, and Clint J. Morrison, Chief Financial Officer,                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002.       |

|   |   | a)     | Reports on Form 8-K                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   | On January 17, 2008, the registrant              furnished              under Item 2.02 of Form 8-K a press release announcing its earnings              for              the second quarter of 2008 fiscal year. Also, on January 17, 2008,              the              registrant furnished Item 8.01 of Form 8-K a press release announcing              a              stock repurchase program for the company              shares. |

----

SIGNATURES

|                                        |                                     |                                      |
|---------------------------------------------|------------------------------------------|-------------------------------------------|
|                                        | EAGLE                BANCORP             |
|                                   |                                |                                 |
| Date: February                11, 2008 | By:                            | /s/ Peter                J. Johnson  |
|                                        | Peter                J. Johnson          |
|                                        | President/CEO                            |
|                                        |                                     |                                      |
|                                        |                                     |
|                                   |                                |                                 |
| Date: February                11, 2008 | By:                            | /s/ Clint                J. Morrison |
|                                        | Clint                J. Morrison         |
|                                        | Senior                Vice President/CFO |

----