**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 March 31,                  2008 |
|--------|---------------------------------------------------------------------------------|

| 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 | 1,076,072                shares outstanding |
|--------------------------------------------------------|---------------------------------------------|

----

TABLE      OF CONTENTS

| PART                    I.    | FINANCIAL                    INFORMATION                                                                                                                                                             | PAGE                      |
|-------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
|                          |                                                                                                                                                                                                 |                      |
| Item                  1.      | Financial                  Statements                                                                                                                                                                |                      |
|                          |                                                                                                                                                                                                 |                      |
|                          | Consolidated                  Statements of Financial Condition as of March 31, 2008 (unaudited)                  and                  June 30, 2007                                                 | 1                  and 2  |
|                          |                                                                                                                                                                                                 |                      |
|                          | Consolidated                  Statements of Income for the three months ended March 31, 2008                  and 2007and                  the nine months ended March 31, 2008 and 2007 (unaudited) | 3                  and 4  |
|                          |                                                                                                                                                                                                 |                      |
|                          | Consolidated                  Statements of Changes in Stockholders' Equity for the nine months                  ended                  March 31, 2008 (unaudited)                                   | 5                         |
|                          |                                                                                                                                                                                                 |                      |
|                          | Consolidated                  Statements of Cash Flows for the nine months ended March 31, 2008                  and 2007                  (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 18 |
|                          |                                                                                                                                                                                                 |                      |
| Item                  3.      | Controls                  and Procedures                                                                                                                                                             | 19                        |
|                          |                                                                                                                                                                                                 |                      |
| PART                  II.     | OTHER                  INFORMATION                                                                                                                                                                   |                      |
|                          |                                                                                                                                                                                                 |                      |
| Item                  1.      | Legal                  Proceedings                                                                                                                                                                   | 20                        |
| Item                  2.      | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                                                         | 20                        |
| Item                  3.      | Defaults                  Upon Senior Securities                                                                                                                                                     | 20                        |
| Item                  4.      | Submission                  of Matters to a Vote of Security-Holders                                                                                                                                 | 21                        |
| Item                  5.      | Other                  Information                                                                                                                                                                   | 21                        |
| Item                  6.      | Exhibits                                                                                                                                                                                             | 21                        |
|                          |                                                                                                                                                                                                 |                      |
| Signatures                    |                                                                                                                                                                                                 | 22                        |
|                          |                                                                                                                                                                                                 |                      |
| Exhibit                  31.1 |                                                                                                                                                                                                 |                      |
|                          |                                                                                                                                                                                                 |                      |
| Exhibit                  31.2 |                                                                                                                                                                                                 |                      |
|                          |                                                                                                                                                                                                 |                      |
| Exhibit                  32.1 |                                                                                                                                                                                                 |                      |

----

|                                                                                                       |   | March                31, |    | June                30, |   |
|------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|-------------------------|--------|
|                                                                                                       |   | 2008                     |    | 2007                    |   |
|                                                                                                       |   | (Unaudited)              |    | (Audited)               |   |
| ASSETS                                                                                                     |   |                     |         |                    |   |  |   |
| Cash                and due from banks                                                                     |   | $                        | 3,708   |                    | $      | 2,709 |   |
| Interest-bearing                deposits with banks                                                        |   |                     | 3,553   |                    |   | 360 |   |
| Total                cash and cash equivalents                                                             |   |                     | 7,261   |                    |   | 3,069 |   |
|                                                                                                       |   |                     |    |                    |   |   |   |
| Investment                securities FAS 159, at market value                                              |   |                     | 1,283   |                    |   | - |   |
| Investment                securities available-for-sale, at market value                                   |   |                     | 75,385  |                    |   | 64,774 |   |
| Investment                securities held-to-maturity, at cost                                             |   |                     | 711     |                    |   | 921 |   |
| Investment                in nonconsolidated subsidiary                                                    |   |                     | 155     |                    |   | 155 |   |
| Federal                Home Loan Bank stock, at cost                                                       |   |                     | 1,315   |                    |   | 1,315 |   |
| Mortgage                loans held-for-sale                                                                |   |                     | 1,486   |                    |   | 1,175 |   |
| Loans                receivable, net of deferred loan fees and allowance for loan losses                of |   |                     |    |                    |   |   |   |
| $495                at March 31, 2008 and $518 at June 30, 2007                                            |   |                     | 164,701 |                    |   | 158,140 |   |
| Accrued                interest and dividends receivable                                                   |   |                     | 1,416   |                    |   | 1,333 |   |
| Mortgage                servicing rights, net                                                              |   |                     | 1,639   |                    |   | 1,628 |   |
| Property                and equipment, net                                                                 |   |                     | 6,426   |                    |   | 5,806 |   |
| Cash                surrender value of life insurance                                                      |   |                     | 6,225   |                    |   | 5,764 |   |
| Real                estate acquired in settlement of loans, net of allowance for                losses     |   |                     | -       |                    |   | - |   |
| Other                assets                                                                                |   |                     | 293     |                    |   | 606 |   |
| Total                assets                                                                                |   | $                        | 268,296 |                    | $      | 244,686 |   |

----

|                                                                                                                                                                                                                                              |   | March                31, |    | June                30, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|-------------------------|--------|
|                                                                                                                                                                                                                                              |   | 2008                     |    | 2007                    |   |
|                                                                                                                                                                                                                                              |   | (Unaudited)              |    | (Audited)               |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                                                                                                                               |   |                     |         |                    |   |  |   |
| Liabilities:                                                                                                                                                                                                                                      |   |                     |         |                    |   |  |   |
| Deposit                accounts:                                                                                                                                                                                                                  |   |                     |         |                    |   |  |   |
| Noninterest                bearing                                                                                                                                                                                                                |   | $                        | 13,536  |                    | $      | 13,694 |   |
| Interest                bearing                                                                                                                                                                                                                   |   |                     | 165,604 |                    |   | 165,953 |   |
| Federal                funds purchased                                                                                                                                                                                                            |   |                     | -       |                    |   | 3,800 |   |
| Advances                from Federal Home Loan Bank and other borrowings                                                                                                                                                                          |   |                     | 56,000  |                    |   | 30,000 |   |
| Long-term                subordinated debentures                                                                                                                                                                                                  |   |                     | 5,155   |                    |   | 5,155 |   |
| Accrued                expenses and other liabilities                                                                                                                                                                                             |   |                     | 2,207   |                    |   | 1,996 |   |
| Total                liabilities                                                                                                                                                                                                                  |   |                     | 242,502 |                    |   | 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; 1,078,072 and 1,084,357 outstanding at March 31, 2008                and                June 30, 2007, respectively) |   |                     | 12      |                    |   | 12 |   |
| Additional                paid-in capital                                                                                                                                                                                                         |   |                     | 4,464   |                    |   | 4,387 |   |
| Unallocated                common stock held by employee stock ownership plan                ("ESOP")                                                                                                                                             |   |                     | (64     | )                       |   | (92 | ) |
| Treasury                stock, at cost (145,500 and 139,215 shares at March 31, 2008 and                                                                                                                                                          |   |                     |    |                    |   |   |   |
| June                30, 2007, respectively                                                                                                                                                                                                        |   |                     | (4,957  | )                       |   | (4,759 | ) |
| Retained                earnings                                                                                                                                                                                                                  |   |                     | 26,240  |                    |   | 25,448 |   |
| Accumulated                other comprehensive loss                                                                                                                                                                                               |   |                     | 99      |                    |   | (908 | ) |
| Total                stockholders' equity                                                                                                                                                                                                         |   |                     | 25,794  |                    |   | 24,088 |   |
|                                                                                                                                                                                                                                              |   |                     |    |                    |   |   |   |
| Total                liabilities and stockholders' equity                                                                                                                                                                                         |   | $                        | 268,296 |                    | $      | 244,686 |   |

----

|                                                                    |   | Three                Months Ended |   | Nine                Months Ended |   |
|-------------------------------------------------------------------------|--------|-----------------------------------|--------|----------------------------------|--------|
|                                                                    |   | March                31,          |   | March                31,         |   |
|                                                                    |   | 2008                              |   | 2007                             |   | 2008 |   | 2007 |   |
|                                                                    |   | (Unaudited)                       |   | (Unaudited)                      |   |
| Interest                and Dividend Income:                            |   |                              |   |                             |   |   |   |   |  |   |   |  |   |
| Interest                and fees on loans                               |   | $                                 | 2,750  |                             | $      | 2,509 |   | $ | 8,169 |   | $ | 7,198 |   |
| Interest                on deposits with banks                          |   |                              | 20     |                             |   | 11 |   |   | 54 |   |   | 39 |   |
| Securities                held-to-maturity                              |   |                              | 8      |                             |   | 11 |   |   | 26 |   |   | 33 |   |
| Securities                available-for-sale                            |   |                              | 692    |                             |   | 726 |   |   | 2,118 |   |   | 2,082 |   |
| FHLB                dividends                                           |   |                              | 4      |                             |   | 3 |   |   | 9 |   |   | 4 |   |
| Total                interest and dividend income                       |   |                              | 3,474  |                             |   | 3,260 |   |   | 10,376 |   |   | 9,356 |   |
|                                                                    |   |                              |   |                             |   |   |   |   |   |   |   |   |   |
| Interest                Expense:                                        |   |                              |   |                             |   |   |   |   |   |   |   |   |   |
| Deposits                                                                |   |                              | 1,096  |                             |   | 1,072 |   |   | 3,452 |   |   | 3,048 |   |
| FHLB                advances and other borrowings                       |   |                              | 468    |                             |   | 385 |   |   | 1,378 |   |   | 1,071 |   |
| Subordinated                debentures                                  |   |                              | 75     |                             |   | 75 |   |   | 225 |   |   | 225 |   |
| Total                interest expense                                   |   |                              | 1,639  |                             |   | 1,532 |   |   | 5,055 |   |   | 4,344 |   |
|                                                                    |   |                              |   |                             |   |   |   |   |   |   |   |   |   |
| Net                interest income                                      |   |                              | 1,835  |                             |   | 1,728 |   |   | 5,321 |   |   | 5,012 |   |
| Loan                loss provision                                      |   |                              | -      |                             |   | - |   |   | - |   |   | - |   |
| Net                interest income after loan loss provision            |   |                              | 1,835  |                             |   | 1,728 |   |   | 5,321 |   |   | 5,012 |   |
|                                                                    |   |                              |   |                             |   |   |   |   |   |   |   |   |   |
| Noninterest                income:                                      |   |                              |   |                             |   |   |   |   |   |   |   |   |   |
| Net                gain on sale of loans                                |   |                              | 164    |                             |   | 153 |   |   | 546 |   |   | 462 |   |
| Demand                deposit service charges                           |   |                              | 191    |                             |   | 114 |   |   | 547 |   |   | 377 |   |
| Mortgage                loan servicing fees                             |   |                              | 136    |                             |   | 134 |   |   | 406 |   |   | 405 |   |
| Net                gain (loss) on sale of available-for-sale securities |   |                              | 72     |                             |   | (5 | ) |   | 72 |   |   | (4 | )  |
| Net                loss on securities FAS 159                           |   |                              | (118   | )                                |   | - |   |   | (549 | ) |   | - |   |
| Other                                                                   |   |                              | 174    |                             |   | 148 |   |   | 450 |   |   | 433 |   |
| Total                noninterest income                                 |   |                              | 619    |                             |   | 544 |   |   | 1,472 |   |   | 1,673 |   |

----

|                                                             |   | Three                Months Ended |      | Nine                Months Ended |   |
|------------------------------------------------------------------|--------|-----------------------------------|-----------|----------------------------------|--------|
|                                                             |   | March                31,          |      | March                31,         |   |
|                                                             |   | 2008                              |      | 2007                             |   | 2008 |   | 2007 |   |
|                                                             |   | (Unaudited)                       |      | (Unaudited)                      |   |
| Noninterest                expense:                              |   |                              |      |                             |   |   |   |   |  |   |   |  |   |
| Salaries                and employee benefits                    |   |                              | 998       |                             |   | 943 |   |   | 2,952 |   |   | 2,695 |   |
| Occupancy                expenses                                |   |                              | 136       |                             |   | 135 |   |   | 401 |   |   | 410 |   |
| Furniture                and equipment depreciation              |   |                              | 69        |                             |   | 69 |   |   | 210 |   |   | 216 |   |
| In-house                computer expense                         |   |                              | 73        |                             |   | 70 |   |   | 220 |   |   | 211 |   |
| Advertising                expense                               |   |                              | 52        |                             |   | 43 |   |   | 185 |   |   | 196 |   |
| Amortization                of mtg servicing fees                |   |                              | 83        |                             |   | 66 |   |   | 224 |   |   | 215 |   |
| Federal                insurance premiums                        |   |                              | 5         |                             |   | 5 |   |   | 15 |   |   | 16 |   |
| Postage                                                          |   |                              | 23        |                             |   | 25 |   |   | 79 |   |   | 64 |   |
| Legal,                accounting, and examination fees           |   |                              | 48        |                             |   | 54 |   |   | 169 |   |   | 178 |   |
| Consulting                fees                                   |   |                              | 39        |                             |   | 20 |   |   | 72 |   |   | 56 |   |
| ATM                processing                                    |   |                              | 13        |                             |   | 13 |   |   | 40 |   |   | 35 |   |
| Other                                                            |   |                              | 222       |                             |   | 217 |   |   | 649 |   |   | 645 |   |
| Total                noninterest expense                         |   |                              | 1,761     |                             |   | 1,660 |   |   | 5,216 |   |   | 4,937 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Income                before provision for income taxes          |   |                              | 693       |                             |   | 612 |   |   | 1,577 |   |   | 1,748 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Provision                for income taxes                        |   |                              | 155       |                             |   | 159 |   |   | 356 |   |   | 412 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Net                income                                        |   | $                                 | 538       |                             | $      | 453 |   | $ | 1,221 |   | $ | 1,336 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Basic                earnings per share                          |   | $                                 | 0.50      |                             | $      | 0.42 |   | $ | 1.14 |   | $ | 1.25 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Diluted                earnings per share                        |   | $                                 | 0.44      |                             | $      | 0.37 |   | $ | 1.01 |   | $ | 1.11 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding (basic eps)   |   |                              | 1,070,070 |                             |   | 1,072,347 |   |   | 1,071,124 |   |   | 1,072,849 |   |
|                                                             |   |                              |      |                             |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding (diluted eps) |   |                              | 1,214,762 |                             |   | 1,210,162 |   |   | 1,213,610 |   |   | 1,209,011 |   |

----

|                                                                                                                                              |   |      |   |   |   |       |   |        |   |     |   |     |   | ACCUMULATED   |   |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|--------|------------|--------|-------------|--------|----------|--------|----------|--------|---------------|--------|--------|--------|
|                                                                                                                                              |   |      |   |   |   | ADDITIONAL |   | UNALLOCATED |   |     |   |     |   | OTHER         |   |   |   |
|                                                                                                                                              |   | PREFERRED |   | COMMON |   | PAID-IN    |   | ESOP        |   | TREASURY |   | RETAINED |   | COMPREHENSIVE |   |   |   |
|                                                                                                                                              |   | STOCK     |   | STOCK  |   | CAPITAL    |   | SHARES      |   | STOCK    |   | EARNINGS |   | INCOME        |   | TOTAL  |   |
|                                                                                                                                              |   |      |   |   |   |       |   |        |   |     |   |     |   |          |   |   |   |
| Balance,                June 30, 2007                                                                                                             |   | $         | -      |   | $      | 12         |   | $           | 4,387  |     | $      | (92      | )      | $             | (4,759 | )      | $      | 25,448 |   | $ | (908 | ) | $ | 24,088 |   |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| FAS                159 Adjustment                                                                                                                 |   |      |   |   |   |       |   |        |   |     |   |     |   |          |   |   |   | (117 | ) |   |   |   |   |   |   |
| Net                income                                                                                                                         |   |      | -      |   |   | -          |   |        | -      |     |   | -        |   |          | -      |   |   | 1,221 |   |   | - |   |   | 1,221 |   |
| Other                comprehensive income                                                                                                         |   |      | -      |   |   | -          |   |        | -      |     |   | -        |   |          | -      |   |   | - |   |   | 1,007 |   |   | 1,007 |   |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| Total                comprehensive income                                                                                                         |   |      | -      |   |   | -          |   |        | -      |     |   | -        |   |          | -      |   |   | - |   |   | - |   |   | 2,228 |   |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| Dividends                paid ($.72 per share)                                                                                                    |   |      | -      |   |   | -          |   |        | -      |     |   | -        |   |          | -      |   |   | (312 | ) |   | - |   |   | (312 | ) |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| Treasury                stock purchased (1,250 shares @ $33.00; 3,285 shares @ $32.75; 1,000                shares @ $27.25; 750 shares @ $28.25) |   |      | -      |   |   | -          |   |        | -      |     |   | -        |   |          | (198   | )      |   | - |   |   | - |   |   | (198 | ) |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| ESOP                shares allocated or committed to be released for allocation (3,450                shares)                                     |   |      | -      |   |   | -          |   |        | 77     |     |   | 28       |   |          | -      |   |   | - |   |   | - |   |   | 105 |   |
|                                                                                                                                              |   |      |        |   |   |            |   |        |        |     |   |          |   |          |        |   |   |  |   |   |  |   |   |  |   |
| Balance,                March 31, 2008                                                                                                            |   | $         | -      |   | $      | 12         |   | $           | 4,464  |     | $      | (64      | )      | $             | (4,957 | )      | $      | 26,240 |   | $ | 99 |   | $ | 25,794 |   |

----

|                                                                                                                              |   | Nine                Months Ended |    |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                              |   | March                31,         |    |
|                                                                                                                              |   | 2008                             |    | 2007 |   |
|                                                                                                                              |        | (Unaudited)                      |    |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                              |   |                             |         |   |   |  |   |
| Net                income                                                                                                         |   | $                                | 1,221   |   | $ | 1,336 |   |
| Adjustments                to reconcile net income to net cash from operating                activities:                          |   |                             |    |   |   |   |   |
| Depreciation                                                                                                                      |   |                             | 342     |   |   | 365 |   |
| Net                amortization of marketable securities premium and                discounts                                     |   |                             | 167     |   |   | 423 |   |
| Amortization                of capitalized mortgage servicing rights                                                              |   |                             | 224     |   |   | 215 |   |
| Gain                on sale of loans                                                                                              |   |                             | (546    | ) |   | (462 | ) |
| Net                realized (gain) loss on sale of available-for-sale                securities                                   |   |                             | (72     | ) |   | 4 |   |
| Increase                in cash surrender value of life insurance                                                                 |   |                             | (162    | ) |   | (140 | ) |
| Loss                on sale of property and equipment                                                                             |   |                             | 3       |   |   | - |   |
| Loss                in investment securities, FAS 159                                                                             |   |                             | 549     |   |   | - |   |
| Change                in assets and liabilities:                                                                                  |   |                             |    |   |   |   |   |
| (Increase)                decrease in assets:                                                                                     |   |                             |    |   |   |   |   |
| Accrued                interest and dividends receivable                                                                          |   |                             | (84     | ) |   | (89 | ) |
| Loans                held-for-sale                                                                                                |   |                             | 247     |   |   | (373 | ) |
| Other                assets                                                                                                       |   |                             | 235     |   |   | 365 |   |
| Increase                (decrease) in liabilities:                                                                                |   |                             |    |   |   |   |   |
| Accrued                expenses and other liabilities                                                                             |   |                             | (147    | ) |   | (116 | ) |
| Net                cash provided by operating activities                                                                          |   |                             | 1,977   |   |   | 1,528 |   |
|                                                                                                                              |   |                             |    |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                                              |   |                             |    |   |   |   |   |
| Purchase                of securities:                                                                                            |   |                             |    |   |   |   |   |
| Investment                securities available-for-sale                                                                           |   |                             | (26,363 | ) |   | (19,273 | ) |
| Proceeds                from maturities, calls and principal payments:                                                            |   |                             |    |   |   |   |   |
| Investment                securities held-to-maturity                                                                             |   |                             | 210     |   |   | 82 |   |
| Investment                securities available-for-sale                                                                           |   |                             | 10,395  |   |   | 11,991 |   |
| Proceeds                from sales of investment securities available-for-sale                                                    |   |                             | 4,852   |   |   | 5,122 |   |
| Net                increase in loans receivable, excludes transfers to real estate acquired                in settlement of loans |   |                             | (6,797  | ) |   | (10,579 | ) |
| Purchase                of property and equipment                                                                                 |   |                             | (974    | ) |   | (247 | ) |
| Purchase                of bank owned life insurance                                                                              |   |                             | (300    | ) |   | (342 | ) |
| Proceeds                from sale of equipment                                                                                    |   |                             | 9       |   |   | - |   |
| Net                cash used in investing activities                                                                              |   |                             | (18,968 | ) |   | (13,246 | ) |

----

|                                                                     |   | Nine                Months Ended |   |
|--------------------------------------------------------------------------|--------|----------------------------------|--------|
|                                                                     |   | March                31,         |   |
|                                                                     |   | 2008                             |   | 2007 |   |
|                                                                     |   | (Unaudited)                      |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES:                     |   |                             |   |   |   |   |   |
| Net                (decrease) increase in checking and savings accounts  |   | $                                | $(508  | ) | $ | $7,015 |   |
| Net                decrease in federal funds                             |   |                             | (3,800 | ) |   | (4,175 | ) |
| Payments                on FHLB advances and other borrowings            |   |                             | (7,700 | ) |   | (20,501 | ) |
| FHLB                advances and other borrowings                        |   |                             | 33,700 |   |   | 31,000 |   |
| Purchase                of treasury stock                                |   |                             | (197   | ) |   | (206 | ) |
| Dividends                paid                                            |   |                             | (312   | ) |   | (290 | ) |
| Net                cash provided by financing activities                 |   |                             | 21,183 |   |   | 12,843 |   |
|                                                                     |   |                             |   |   |   |   |   |
| Net                increase in cash and cash equivalents                 |   |                             | 4,192  |   |   | 1,125 |   |
|                                                                     |   |                             |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, beginning of period            |   |                             | 3,069  |   |   | 2,871 |   |
|                                                                     |   |                             |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS, end of period                  |   | $                                | 7,261  |   | $ | 3,996 |   |
|                                                                     |   |                             |   |   |   |   |   |
| SUPPLEMENTAL                CASH FLOW INFORMATION:                       |   |                             |   |   |   |   |   |
| Cash                paid during the period for interest                  |   | $                                | 5,005  |   | $ | 4,445 |   |
|                                                                     |   |                             |   |   |   |   |   |
| Cash                paid during the period for income taxes              |   | $                                | 660    |   | $ | 531 |   |
|                                                                     |   |                             |   |   |   |   |   |
| NON-CASH                INVESTING ACTIVITIES:                            |   |                             |   |   |   |   |   |
| Increase                in market value of securities available-for-sale |   | $                                | (857   | ) | $ | (1,401 | ) |
|                                                                     |   |                             |   |   |   |   |   |
| Mortgage                servicing rights capitalized                     |   | $                                | 236    |   | $ | 152 |   |

----

| **NOTE                1.** | **BASIS                OF PRESENTATION** |
|----------------------------|------------------------------------------|

| **NOTE                2.** | **INVESTMENT                SECURITIES** |
|----------------------------|------------------------------------------|

|                                                  |   |  March                31, 2008 (Unaudited) |   | June                30, 2007 (Audited) |   |
|-------------------------------------------------------|--------|-------------------------------------------------|--------|----------------------------------------|--------|
|                                                  |   | AMORTIZED                COST                   |   | GROSSUNREALIZEDGAINS/(LOSSES)          |   | FAIRVALUE |   | AMORTIZEDCOST |   | GROSSUNREALIZEDGAINS/(LOSSES) |   | FAIRVALUE |   |
| **Available-for-sale:**                               |   |                                            |        |                                   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| U.S.                government and agency obligations |   | $                                               | 2,221  |                                   | $      | 12 |   | $ | 2,233 |   | $ | 3,690 |   | $ | (47 | ) | $ | 3,643 |   |
| Municipal                obligations                  |   |                                            | 20,554 |                                   |   | (158 | ) |   | 20,396 |   |   | 21,198 |   |   | (470 | ) |   | 20,728 |   |
| Corporate                obligations                  |   |                                            | 10,668 |                                   |   | 59 |   |   | 10,727 |   |   | 13,847 |   |   | (224 | ) |   | 13,623 |   |
| Mortgage-backed                securities             |   |                                            | 13,267 |                                   |   | 93 |   |   | 13,360 |   |   | 8,107 |   |   | (235 | ) |   | 7,872 |   |
| Collateralized                mortgage obligations    |   |                                            | 28,563 |                                   |   | 106 |   |   | 28,669 |   |   | 17,408 |   |   | (333 | ) |   | 17,075 |   |
| Corporate                preferred stock              |   |                                            | -      |                                   |   | - |   |   | - |   |   | 2,000 |   |   | (167 | ) |   | 1,833 |   |
| Total                                                 |   | $                                               | 75,273 |                                   | $      | 112 |   | $ | 75,385 |   | $ | 66,250 |   | $ | (1,476 | ) | $ | 64,774 |   |
| **Held-to-maturity:**                                 |   |                                            |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Municipal                obligations                  |   | $                                               | 675    |                                   | $      | 18 |   | $ | 693 |   | $ | 826 |   | $ | 9 |   | $ | 835 |   |
| Mortgage-backed                securities             |   |                                            | 36     |                                   |   | - |   |   | 36 |   |   | 95 |   |   | - |   |   | 95 |   |
| Total                                                 |   | $                                               | 711    |                                   | $      | 18 |   | $ | 729 |   | $ | 921 |   | $ | 9 |   | $ | 930 |   |

*Fair      Value Option for Financial Assets and Financial Liabilities*

----

| **NOTE                3.** | **LOANS                RECEIVABLE** |
|----------------------------|-------------------------------------|

|                                             |   | March                31,                      |    | June                30, |   |
|--------------------------------------------------|--------|-----------------------------------------------|---------|-------------------------|--------|
|                                             |   | 2008                                          |    | 2007                    |   |
|                                             |   | (Unaudited)                                   |    | (Audited)               |   |
|                                             |   |  *(Dollars                in Thousands)* |    |
| First                mortgage loans:             |   |                                          |         |                    |   |  |   |
| Residential                mortgage (1-4 family) |   | $                                             | 85,261  |                    | $      | 81,958 |   |
| Commercial                real estate            |   |                                          | 29,047  |                    |   | 25,621 |   |
| Real                estate construction          |   |                                          | 7,259   |                    |   | 8,253 |   |
|                                             |   |                                          |    |                    |   |   |   |
| Other                loans:                      |   |                                          |    |                    |   |   |   |
| Home                equity                       |   |                                          | 26,412  |                    |   | 24,956 |   |
| Consumer                                         |   |                                          | 11,460  |                    |   | 11,438 |   |
| Commercial                                       |   |                                          | 5,682   |                    |   | 6,366 |   |
|                                             |   |                                          |    |                    |   |   |   |
| Total                                            |   |                                          | 165,121 |                    |   | 158,592 |   |
|                                             |   |                                          |    |                    |   |   |   |
| Less:                Allowance for loan losses   |   |                                          | (495    | )                       |   | (518 | ) |
| Add:                Deferred loan fees, net      |   |                                          | 75      |                    |   | 66 |   |
|                                             |   |                                          |    |                    |   |   |   |
| Total                                            |   | $                                             | 164,701 |                    | $      | 158,140 |   |

|                                                            |   | Nine                Months Ended        |   | Year                Ended |   |
|-----------------------------------------------------------------|--------|-----------------------------------------|--------|---------------------------|--------|
|                                                            |   | March                31,                |   | June                30,   |   |
|                                                            |   | 2008                                    |   | 2007                      |   |
|                                                            |   | (Unaudited)                             |   | (Audited)                 |   |
|                                                            |   | *(Dollars                in Thousands)* |   |
| Balance,                beginning of period                     |   | $                                       | 518    |                      | $      | 535 |   |
| Reclassification                to repossessed property reserve |   |                                    | -      |                      |   | - |   |
| Provision                charged to operations                  |   |                                    | -      |                      |   | - |   |
| Charge-offs                                                     |   |                                    | (29    | )                         |   | (29 | ) |
| Recoveries                                                      |   |                                    | 6      |                      |   | 12 |   |
| Balance,                end of period                           |   | $                                       | 495    |                      | $      | 518 |   |

----

| **NOTE                4.** | **DEPOSITS** |
|----------------------------|--------------|

|                                        |   | March                31,                |    | June                30, |   |
|---------------------------------------------|--------|-----------------------------------------|---------|-------------------------|--------|
|                                        |   | 2008                                    |    | 2007                    |   |
|                                        |   | (Unaudited)                             |    | (Audited)               |   |
|                                        |   | *(Dollars                in Thousands)* |    |
| Noninterest                checking         |   | $                                       | 13,536  |                    | $      | 13,694 |   |
| Interest-bearing                checking    |   |                                    | 31,076  |                    |   | 30,953 |   |
| Passbook                                    |   |                                    | 22,904  |                    |   | 22,521 |   |
| Money                market                 |   |                                    | 22,187  |                    |   | 23,292 |   |
| Time                certificates of deposit |   |                                    | 89,437  |                    |   | 89,187 |   |
| Total                                       |   | $                                       | 179,140 |                    | $      | 179,647 |   |

| **NOTE                5.** | **EARNINGS                PER SHARE** |
|----------------------------|---------------------------------------|

| **NOTE                6** | **DIVIDENDS                AND STOCK REPURCHASE                PROGRAM** |
|---------------------------|--------------------------------------------------------------------------|

----

| **NOTE                7.** | **MORTGAGE                SERVICING RIGHTS** |
|----------------------------|----------------------------------------------|

|                                         |   | March                31,                      |   | June                30, |   |
|----------------------------------------------|--------|-----------------------------------------------|--------|-------------------------|--------|
|                                         |   | 2008                                          |   | 2007                    |   |
|                                         |   | (Unaudited)                                   |   | (Audited)               |   |
|                                         |   |  *(Dollars                in Thousands)* |   |
| Mortgage                Servicing Rights     |   |                                          |        |                    |   |  |   |
| Beginning                balance             |   | $                                             | 1,628  |                    | $      | 1,722 |   |
| Servicing                rights capitalized  |   |                                          | 235    |                    |   | 211 |   |
| Servicing                rights amortized    |   |                                          | (224   | )                       |   | (305 | ) |
| Ending                balance                |   |                                          | 1,639  |                    |   | 1,628 |   |
|                                         |   |                                          |   |                    |   |   |   |
| Valuation                Allowance           |   |                                          |   |                    |   |   |   |
| Beginning                balance             |   |                                          | -      |                    |   | - |   |
| Provision                                    |   |                                          | -      |                    |   | - |   |
| Adjustments                                  |   |                                          | -      |                    |   | - |   |
| Ending                balance                |   |                                          | -      |                    |   | - |   |
|                                         |   |                                          |   |                    |   |   |   |
| Net                Mortgage Servicing Rights |   | $                                             | 1,639  |                    | $      | 1,628 |   |

----

| **NOTE                8.** | **RECENTLY                ISSUED PRONOUNCEMENTS** |
|----------------------------|---------------------------------------------------|

*Fair      Value Measurements. *

----

**Note      Regarding Forward-Looking Statements**

**Overview**

----

**Overview      - continued**

**Financial      Condition**

** **
**.**

**Results      of Operations for the Three Months Ending March 31, 2008 and      2007**

*Net      Income.*

*Net      Interest Income.*

*Interest      and Dividend Income.*
**.**

----

**Results      of Operations for the Three Months Ending March 31, 2008 and 2007 -      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 Nine Months Ended March 31, 2008 and      2007**

*Net      Income.*

----

**Results      of Operations for the Nine Months Ended March 31, 2008 and 2007 -      continued**

*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 Nine Months Ended March 31, 2008 and 2007 -      continued**

*Noninterest      Expense.*

*Income      Tax Expense.*

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

** **

----

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

|                               |   |  (Unaudited)                      |   |
|------------------------------------|--------|----------------------------------------|--------|
|                               |   |  At                March 31, 2008 |   |
|                               |   |                                   |   | For                Capital |   |
|                               |   |                                   |   | Adequacy |   |
|                               |   | Dollar                                 |   | Purposes |   |
|                               |   | Amount                                 |   | %                of Assets |   |
| Tangible                capital:   |   |                                   |        |   |   |  |   |
| Capital                level       |   | $                                      | 25,521 |   |   | 9.70 | % |
| Requirement                        |   |                                   | 3,947  |   |   | 1.50 |   |
| Excess                             |   | $                                      | 21,574 |   |   | 8.20 | % |
| Core                capital:       |   |                                   |   |   |   |   |   |
| Capital                level       |   | $                                      | 25,521 |   |   | 9.70 | % |
| Requirement                        |   |                                   | 7,895  |   |   | 3.00 |   |
| Excess                             |   | $                                      | 17,626 |   |   | 6.70 | % |
| Risk-based                capital: |   |                                   |   |   |   |   |   |
| Capital                level       |   | $                                      | 25,970 |   |   | 14.46 | % |
| Requirement                        |   |                                   | 14,365 |   |   | 8.00 |   |
| Excess                             |   | $                                      | 11,605 |   |   | 6.46 | % |

**Impact      of Inflation and Changing Prices**

----

**CONTROLS      AND PROCEDURES**

----

**Part      II - OTHER INFORMATION**

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

| Item                  2. | Unregistered                  Sales of Equity Securities Use of                  Proceeds. |
|--------------------------|--------------------------------------------------------------------------------------------|

|   | c) | Small                    Business Issuer Purchases of Equity                    Securities. |
|--------|----|---------------------------------------------------------------------------------------------|

|                         |   | (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 |   |
|                         |   |                     |            |                      |   |                                |   |                           |                            |   |   |  |   |
| January                2008  |   |                     | 1,000      |                      | $      | 27.25                          |   |                           | 1,000                      |   |   | 27,750 |   |
| 01-01-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| 01-31-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
|                         |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| February                2008 |   |                     | 750        |                      | $      | 27.25                          |   |                           | 750                        |   |   | 27,000 |   |
| 02-01-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| 02-29-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
|                         |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| March                2008    |   |                     | None       |                      |   | N/A                            |   |                           | N/A                        |   |   | N/A |   |
| 03-01-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| 03-31-08                     |   |                     |       |                      |   |                           |   |                           |                       |   |   |   |   |
| Total                        |   |                     | 1,750      |                      | $      | 27.68                          |   |                           | 1,750                      |   |   | 27,000 |   |

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

----

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

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

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

| Item                  6. | Exhibits. |
|--------------------------|-----------|

----

SIGNATURES

|                                   |                            |                                     |
|----------------------------------------|---------------------------------|------------------------------------------|
|                                   | EAGLE                BANCORP    |
|                              |                       |                                |
| Date: May                12, 2008 | By:                   | /s/ Peter                J. Johnson |
|                                   | Peter                J. Johnson |
|                                   | President/CEO                   |

|                                   |                                     |                                      |
|----------------------------------------|------------------------------------------|-------------------------------------------|
|                                   |                                     |
|                              |                                |                                 |
| Date: May                12, 2008 | By:                            | /s/ Clint                J. Morrison |
|                                   | Clint                J. Morrison         |
|                                   | Senior                Vice President/CFO |

----