<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-Q



[X]  QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

For the quarterly period ended September 30, 2000


[ ]  TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

         For the transition period from ______________ to _____________


                         Commission file number 0-19028

                               CCFNB BANCORP, INC.
                 (Name of small business Issuer in its charter)

PENNSYLVANIA                                              23-2254643
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                            Identification Number)


232 East Street, Bloomsburg, PA                           17815
(Address of principal executive offices)                  (Zip Code)

         Issuer's telephone number, including area code: (570) 784-4400


     Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirings for the past 90
days. Yes X No ___


     Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date. 1,346,450 shares of $1.25
(par) common stock were outstanding as of October 27, 2000.




<PAGE>   2


                                CCFNB BANCORP, INC. AND SUBSIDIARY

                                       SEPTEMBER 30, 2000

                                           INDEX 10-Q





<TABLE>
<CAPTION>
        EXHIBIT 27 - FINANCIAL DATA SCHEDULE                                     NO PAGE
                                                                                    #
<S>                                                                              <C>
        PART I  - FINANCIAL INFORMATION:


                - Consolidated Balance Sheets                                       1


                - Consolidated Statements of Income                                 2


                - Consolidated Statements of Cash Flows                             3


                - Notes to Consolidated Financial Statements                      4 - 10


                - Report of Independent Certified Public Accountants               11


                - Management's Discussion and Analysis of Consolidated
                  Financial Condition and Results of Operations                  12 - 18


        PART II - OTHER INFORMATION                                                19


        SIGNATURES                                                                 20
</TABLE>




<PAGE>   3








CCFNB BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
UNAUDITED

<TABLE>
<CAPTION>
                                                                        SEPTEMBER    DECEMBER
                                                                        30, 2000     31, 1999
                                                                        ---------    ---------
<S>                                                                     <C>          <C>
ASSETS
Cash and due from banks .............................................   $   5,708    $   5,855
Interest-bearing deposits with other banks ..........................       5,276          217
Federal funds sold ..................................................       2,000            0
Investment securities:
  Securities Available-for-Sale .....................................      46,068       48,904
  Securities to be Held-to-Maturity (estimated
    fair value 1999, $200) ..........................................           0          200
Loans, net of unearned income .......................................     134,701      134,423
Allowance for loan losses ...........................................       1,005          985
                                                                        ---------    ---------
  Net loans .........................................................   $ 133,696    $ 133,438
Premises and equipment ..............................................       5,020        5,274
Accrued interest receivable .........................................       1,021        1,002
Other assets ........................................................       1,127        1,232
                                                                        ---------    ---------
     TOTAL ASSETS ...................................................   $ 199,916    $ 196,122
                                                                        =========    =========


LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES
Deposits:
  Non-interest bearing ..............................................   $  15,229    $  13,672
  Interest bearing ..................................................     123,845      124,934
                                                                        ---------    ---------
     Total Deposits .................................................   $ 139,074    $ 138,606
Short-term borrowings ...............................................      22,181       30,881
Long-term borrowings ................................................      13,337        2,343
Accrued interest and other expenses .................................       1,192        1,231
Other liabilities ...................................................          21           14
                                                                        ---------    ---------
     TOTAL LIABILITIES ..............................................   $ 175,805    $ 173,075
                                                                        =========    =========

STOCKHOLDERS' EQUITY
Common stock, par value $1.25 per share; authorized 5,000,000 shares;
  issued 1,348,450 shares in 2000 and
  1,367,651 shares in 1999 ..........................................   $   1,686    $   1,710
Surplus .............................................................       5,179        5,483
Retained earnings ...................................................      17,930       17,014
Accumulated other comprehensive income (loss) .......................        (684)      (1,160)
                                                                        ---------    ---------
     TOTAL STOCKHOLDERS' EQUITY .....................................   $  24,111    $  23,047
                                                                        ---------    ---------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY .....................   $ 199,916    $ 196,122
                                                                        =========    =========
</TABLE>

          See accompanying notes to Consolidated Financial Statements.



                                      -1-
<PAGE>   4


CCFNB BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
(IN THOUSANDS EXCEPT PER SHARE DATA)
UNAUDITED
<TABLE>
<CAPTION>
                                                                               FOR THE NINE                    FOR THE THREE
                                                                               MONTHS ENDING                    MONTHS ENDING
                                                                               SEPTEMBER 30,                    SEPTEMBER 30,
                                                                               -------------                    -------------
                                                                          2000              1999             2000            1999
                                                                          ----              ----             ----            ----
<S>                                                                    <C>              <C>              <C>              <C>
INTEREST INCOME
Interest and fees on loans:
  Taxable ......................................................       $    7,840       $    7,060       $    2,666       $    2,422
  Tax-exempt ...................................................               97               90               34               30
Interest and dividends on investment securities:
  Taxable interest .............................................            1,461            1,508              470              527
  Tax-exempt interest ..........................................              544              507              181              173
  Dividends ....................................................               64               60               22               21
Interest on federal funds sold .................................                0               39                0                9
Interest on deposits in other banks ............................               23              129               15               16
                                                                       ----------       ----------       ----------       ----------
     TOTAL INTEREST INCOME .....................................       $   10,029       $    9,393       $    3,388       $    3,198
                                                                       ----------       ----------       ----------       ----------

INTEREST EXPENSE
Interest on deposits ...........................................       $    3,806       $    3,707       $    1,289       $    1,241
Interest on short-term borrowings ..............................              839              700              262              235
Interest on long-term borrowings ...............................              366               97              161               33
                                                                       ----------       ----------       ----------       ----------
     TOTAL INTEREST EXPENSE ....................................       $    5,011       $    4,504       $    1,712       $    1,509
                                                                       ----------       ----------       ----------       ----------

Net interest income ............................................       $    5,018       $    4,889       $    1,676       $    1,689
Provision for loan losses ......................................               47               59                8               20
                                                                       ----------       ----------       ----------       ----------
  NET INTEREST INCOME AFTER PROVISION FOR
  LOAN LOSSES ..................................................       $    4,971       $    4,830       $    1,668       $    1,669
                                                                       ----------       ----------       ----------       ----------

NON-INTEREST INCOME
Service charges and fees .......................................       $      447       $      454       $      152       $      156
Trust department income ........................................              121              129               39               44
Securities gains - net .........................................                0               39                0                8
Other income ...................................................              182              162               59               53
                                                                       ----------       ----------       ----------       ----------
     TOTAL NON-INTEREST INCOME .................................       $      750       $      784       $      250       $      261
                                                                       ----------       ----------       ----------       ----------

NON-INTEREST EXPENSES
Salaries and wages .............................................       $    1,513       $    1,415       $      501       $      478
Pensions and other employee benefits ...........................              486              471              156              155
Occupancy expense, net .........................................              249              259               79               90
Furniture and equipment expense ................................              466              450              154              157
Other operating expenses .......................................            1,049            1,026              337              336
                                                                       ----------       ----------       ----------       ----------
     TOTAL NON-INTEREST EXPENSES ...............................       $    3,763       $    3,621       $    1,227       $    1,216
                                                                       ----------       ----------       ----------       ----------

Income before income taxes .....................................       $    1,958       $    1,993       $      691       $      714
Income tax expense .............................................              473              503              167              183
                                                                       ----------       ----------       ----------       ----------
    NET INCOME .................................................       $    1,485       $    1,490       $      524       $      531
                                                                       ==========       ==========       ==========       ==========

PER SHARE DATA
Net income .....................................................       $     1.09       $     1.08       $      .39       $      .39
Cash dividends .................................................              .42              .38              .14              .13
Weighted average shares outstanding ............................        1,358,633        1,377,041        1,358,633        1,377,041
</TABLE>


      See accompanying notes to Consolidated Financial Statements.



                                      -2-
<PAGE>   5

CCFNB BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
UNAUDITED
<TABLE>
<CAPTION>
                                                                                                            FOR THE NINE MONTHS
                                                                                                           ENDING SEPTEMBER 30,
                                                                                                          2000              1999
                                                                                                        --------           --------
<S>                                                                                                     <C>                <C>
OPERATING ACTIVITIES
Net income ...................................................................................          $  1,485           $  1,490
Adjustments to reconcile net income to net cash provided by operating
 activities:
   Provision for loan losses .................................................................                47                 59
   Provision for depreciation and amortization ...............................................               400                398
   Premium amortization on investment securities .............................................                27                 62
   Discount accretion on investment securities ...............................................               (13)               (18)
   (Gain) on sales of investment securities Available-for-Sale ...............................                 0                (39)
   Deferred income taxes (benefit) ...........................................................               (10)                21
   (Gain) on sale of other real estate .......................................................                 0                 (2)
   (Increase) in accrued interest receivable and other assets ................................              (146)              (308)
   (Decrease) in accrued interest, other expenses and other
     liabilities .............................................................................               (32)               (53)
                                                                                                        --------           --------
     NET CASH PROVIDED BY OPERATING ACTIVITIES ...............................................          $  1,758           $  1,610
                                                                                                        --------           --------

INVESTING ACTIVITIES
Proceeds from sales, maturities and redemptions of investment
  securities Available-for-Sale ..............................................................          $  3,540           $ 11,195
Proceeds from maturities and redemptions of Held-to-Maturity
  investment securities ......................................................................               200                365
Purchase of investment securities Available-for-Sale .........................................                 0            (15,647)
Net (increase) in loans ......................................................................              (305)            (6,027)
Purchases of premises and equipment ..........................................................              (146)               (80)
Proceeds from sale of other real estate ......................................................                 0                 26
                                                                                                        --------           --------
     NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES .....................................          $  3,289           $(10,168)
                                                                                                        --------           --------

FINANCING ACTIVITIES
Net increase (decrease) in deposits ..........................................................          $    468           $   (521)
Net increase (decrease) in short-term borrowings .............................................            (8,700)             1,059
Net increase in long-term borrowings .........................................................            10,994                 55
Proceeds from issuance of common stock .......................................................               117                109
Acquisition of treasury stock ................................................................              (445)               (37)
Proceeds from sale of treasury stock .........................................................                 0                 13
Cash dividends paid ..........................................................................              (569)              (518)
                                                                                                        --------           --------
     NET CASH PROVIDED BY FINANCING ACTIVITIES ...............................................          $  1,865           $    160
                                                                                                        --------           --------
     INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ........................................          $  6,912           $ (8,398)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD .............................................             6,072             12,486
                                                                                                        --------           --------
      CASH AND CASH EQUIVALENTS AT END OF PERIOD .............................................          $ 12,984           $  4,088
                                                                                                        ========           ========


SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
  Interest ...................................................................................          $  5,028           $  4,513
  Income taxes ...............................................................................          $    516           $    514
</TABLE>


          See accompanying notes to Consolidated Financial Statements.




                                      -3-
<PAGE>   6








CCFNB BANCORP, INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          The accounting and reporting policies of CCFNB Bancorp, Inc. and
          Subsidiary (the "Corporation") are in accordance with generally
          accepted accounting principles and conform to common practices within
          the banking industry. The more significant policies follow:

          PRINCIPLES OF CONSOLIDATION

          The consolidated financial statements include the accounts of CCFNB
          Bancorp, Inc. and its wholly owned subsidiary, Columbia County Farmers
          National Bank (the "Bank"). All significant inter-company balances and
          transactions have been eliminated in consolidation.

          NATURE OF OPERATIONS & LINES OF BUSINESS

          The Corporation provides full banking services, including trust
          services, through the Bank, to individuals and corporate customers.
          The Bank has six offices covering an area of approximately 484 square
          miles in Northeastern Pennsylvania. The Corporation and its banking
          subsidiary are subject to regulation of the Office of the Comptroller
          of the Currency, the Federal Deposit Insurance Corporation and the
          Federal Reserve Bank of Philadelphia.

          Gathering deposits and making loans are the major lines of business.
          The deposits are mainly deposits of individuals and small businesses
          and the loans are mainly real estate loans covering primary residences
          and small business enterprises. The trust services, under the name of
          CCFNB and Co., include administration of various estates, pension
          plans, self-directed IRA's and other services. A third-party brokerage
          arrangement, Invest, is also resident in the main branch, namely
          Bloomsburg. This Invest Financial Service offers a full line of
          stocks, bonds and other non-insured financial services.

          USE OF ESTIMATES

          The preparation of these consolidated financial statements in
          conformity with generally accepted accounting principles requires
          management to make estimates and assumptions that affect the reported
          amounts of assets and liabilities and disclosure of contingent assets
          and liabilities at the date of these consolidated financial statements
          and the reported amounts of income and expenses during the reporting
          periods. Actual results could differ from those estimates.

          INVESTMENT SECURITIES

          The Corporation classifies its investment securities as either
          "Held-to-Maturity" or "Available-for-Sale" at the time of purchase.
          Debt securities are classified as Held-to-Maturity when the
          Corporation has the ability and positive intent to hold the securities
          to maturity. Investment securities Held-to-Maturity are carried at
          cost adjusted for amortization of premiums and accretion of discounts
          to maturity.





                                      -4-
<PAGE>   7



          Debt securities not classified as Held-to-Maturity and equity
          securities included in the Available-for-Sale category, are carried at
          fair value, and the amount of any unrealized gain or loss net of the
          effect of deferred income taxes is reported as a component of
          Stockholders' Equity. Management's decision to sell Available-for-Sale
          securities is based on changes in economic conditions controlling the
          sources and uses of funds, terms, availability of and yield of
          alternative investments, interest rate risk, and the need for
          liquidity.

          The cost of debt securities classified as Held-to-Maturity or
          Available-for-Sale is adjusted for amortization of premiums and
          accretion of discounts to maturity. Such amortization and accretion,
          as well as interest and dividends, is included in interest income from
          investments. Realized gains and losses are included in net investment
          securities gains. The cost of investment securities sold, redeemed or
          matured is based on the specific identification method.

          LOANS

          Loans are stated at their outstanding principal balances, net of
          deferred fees or costs, unearned income, and the allowance for loan
          losses. Interest on loans is accrued on the principal amount
          outstanding, primarily on an actual day basis. Non-refundable loan
          fees and certain direct costs are deferred and amortized over the life
          of the loans using the interest method. The amortization is reflected
          as an interest yield adjustment, and the deferred portion of the net
          fees and costs is reflected as a part of the loan balance.

          NON-ACCRUAL LOANS - Generally, a loan is classified as non-accrual,
          with the accrual of interest on such a loan discontinued when the
          contractual payment of principal or interest has become 90 days past
          due or management has serious doubts about further collectibility of
          principal or interest, even though the loan currently is performing. A
          loan may remain on accrual status if it is in the process of
          collection and is either guaranteed or well secured. When a loan is
          placed on non-accrual status, unpaid interest credited to income in
          the current year is reversed, and unpaid interest accrued in prior
          years is charged against the allowance for credit losses. Certain
          non-accrual loans may continue to perform, that is, payments are still
          being received with those payments generally applied to principal.
          Non-accrual loans remain under constant scrutiny and if performance
          continues, interest income may be recorded on a cash basis based on
          management's judgement as to collectibility of principal.

          ALLOWANCE FOR LOAN LOSSES - The allowance for loan losses is
          established through provisions for loan losses charged against income.
          Loans deemed to be uncollectible are charged against the allowance for
          loan losses, and subsequent recoveries, if any, are credited to the
          allowance.

          A factor in estimating the allowance for loan losses is the
          measurement of impaired loans. A loan is considered impaired when,
          based on current information and events, it is probable that the
          Corporation will be unable to collect all amounts due according to the
          contractual terms of the loan agreement. Under current accounting
          standards, the allowance for loan losses related to impaired loans is
          based on discounted cash flows using the loan's effective interest
          rate or the fair value of the collateral for certain collateral
          dependent loans.





                                      -5-
<PAGE>   8


          The allowance for loan losses is maintained at a level established by
          management to be adequate to absorb estimated potential loan losses.
          Management's periodic evaluation of the adequacy of the allowance for
          loan losses is based on the Corporation's past loan loss experience,
          known and inherent risks in the portfolio, adverse situations that may
          affect the borrower's ability to repay (including the timing of future
          payments), the estimated value of any underlying collateral,
          composition of the loan portfolio, current economic conditions, and
          other relevant factors. This evaluation is inherently subjective as it
          requires material estimates, including the amounts and timing of
          future cash flows expected to be received on impaired loans that may
          be susceptible to significant change.

          PREMISES AND EQUIPMENT

          Premises and equipment are stated at cost less accumulated
          depreciation computed principally on the straight-line method over the
          estimated useful lives of the assets. Maintenance and minor repairs
          are charged to operations as incurred. The cost and accumulated
          depreciation of the premises and equipment retired or sold are
          eliminated from the property accounts at the time of retirement or
          sale, and the resulting gain or loss is reflected in current
          operations.

          OTHER REAL ESTATE OWNED

          Other real estate owned is comprised of property acquired through a
          foreclosure proceeding or acceptance of a deed-in-lieu of foreclosure
          and loans classified as in-substance foreclosure. In accordance with
          Statement of Financial Accounting Standards (SFAS) No. 114, a loan is
          classified as in-substance foreclosure when the Corporation has taken
          possession of the collateral regardless of whether formal foreclosure
          proceedings take place. Other real estate owned is recorded at fair
          value at the date of foreclosure, establishing a new cost basis. After
          foreclosure, valuations are periodically performed by management, and
          the real estate is carried at the lower of (1) cost or (2) fair value
          minus estimated costs to sell. Income and expenses from operations of
          other real estate owned and changes in the valuation allowance are
          included in loss on other real estate owned.

          INCOME TAXES

          The provision for income taxes is based on the results of operations,
          adjusted primarily for tax-exempt income. Certain items of income and
          expense are reported in different periods for financial reporting and
          tax return purposes. Deferred tax assets and liabilities are
          determined based on the differences between the consolidated financial
          statement and income tax bases of assets and liabilities measured by
          using the enacted tax rates and laws expected to be in effect when the
          timing differences are expected to reverse. Deferred tax expense or
          benefit is based on the difference between deferred tax asset or
          liability from period to period.

          PER SHARE DATA

          Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings
          Per Share", requires dual presentation of basic and diluted earnings
          per share. Basic earnings per share is calculated by dividing net
          income by the weighted average number of shares of common stock
          outstanding at the end of each period. Diluted earnings per share is
          calculated by increasing the denominator for the assumed conversion of
          all potentially dilutive securities. The Corporation does not have any
          securities which have or will have a dilutive effect, accordingly,
          basic and diluted per share data is the same.



                                      -6-
<PAGE>   9



          CASH FLOW INFORMATION

          For purposes of reporting consolidated cash flows, cash and cash
          equivalents include cash on hand and due from banks, interest-bearing
          deposits in other banks and federal funds sold. The Corporation
          considers cash classified as interest-bearing deposits with other
          banks as a cash equivalent because they are represented by cash
          accounts essentially on a demand basis. Federal funds are also
          included as a cash equivalent because they are generally purchased and
          sold for one-day periods.

          TRUST ASSETS AND INCOME

          Property held by the Corporation in a fiduciary or agency capacity for
          its customers is not included in the accompanying consolidated
          financial statements because such items are not assets of the
          Corporation. Trust Department income is recognized on a cash basis and
          is not materially different than if it was reported on an accrual
          basis.

          RECENT ACCOUNTING PRONOUNCEMENTS

          Statement of Financial Accounting Standards (SFAS) No. 133 (as amended
          by SFAS No. 137), "Accounting for Derivative Instruments and Hedging
          Activities", becomes effective for financial reporting periods
          beginning after June 15, 2000. SFAS No. 133 requires fair value
          accounting for all stand-alone derivatives and many derivatives
          embedded in other instruments and contracts. Since the Corporation
          does not enter into transactions involving derivatives described in
          the standard and does not engage in hedging activities, the standard
          is not expected to have a significant impact on the Corporation's
          consolidated financial condition or results of operations.


NOTE 2 - ALLOWANCE FOR LOAN LOSSES

          Changes in the allowance for loan losses for the periods ended
          September 30, 2000 and September 30, 1999 were as follows:

<TABLE>
<CAPTION>
                                                                (AMOUNTS IN THOUSANDS)
                                                                ----------------------
                                                                    2000        1999
                                                                 --------    --------

<S>                                                              <C>         <C>
           Balance, beginning of year.........................   $    985    $    954
           Provision charged to operations....................         47          59
           Loans charged-off..................................        (68)        (62)
           Recoveries.........................................         41          29
                                                                 --------    --------
           Balance, September 30..............................   $  1,005    $    980
                                                                 ========    ========
</TABLE>



          At September 30, 2000 the recorded investment in loans that are
          considered to be impaired as defined by SFAS No. 114 was $384,005. No
          additional charge to operations was required to provide for the
          impaired loans since the total allowance for loan losses is estimated
          by management to be adequate to provide for the loan loss allowance
          required by SFAS No. 114 along with any other potential losses.

          At September 30, 2000, there were no significant commitments to lend
          additional funds with respect to non-accrual and restructured loans.






                                      -7-
<PAGE>   10




NOTE 3 - SHORT-TERM BORROWINGS

          Federal funds purchased, securities sold under agreements to
          repurchase, and Federal Home Loan Bank advances generally represented
          overnight or less than 30-day borrowings. U.S. Treasury tax and loan
          notes for collections made by the Bank were payable on demand.



NOTE 4 - LONG-TERM BORROWINGS

          Long-term borrowings are comprised of advances from the Federal Home
          Loan Bank.



NOTE 5 - STOCKHOLDERS' EQUITY

          Changes in stockholders' equity for the period ended September 30,
          2000 were as follows:

<TABLE>
<CAPTION>
                                                         (AMOUNTS IN THOUSANDS, EXCEPT COMMON SHARE DATA)
                                                                                                              ACCUMULATED
                                                                                                                 OTHER
                                                                                COMPREHENSIVE                 COMPREHENSIVE
                                         COMMON        COMMON                       INCOME         RETAINED       INCOME
                                         SHARES        STOCK         SURPLUS        (LOSS)         EARNINGS      (LOSS)
<S>                                    <C>          <C>           <C>            <C>            <C>           <C>
Balance at January 1, 2000 ........    1,367,651    $    1,710    $    5,483     $        0     $   17,014    $   (1,160)
Comprehensive Income:
 Net income .......................            0             0             0          1,485          1,485             0
 Change in unrealized gain (loss)
  on investment securities
  available-for-sale net of
  reclassification adjustment
  and tax effects .................            0             0             0            476              0           476
                                                                                      -----
         TOTAL COMPREHENSIVE INCOME                                              $    1,961
                                                                                      =====
Issuance of 6,899 shares of common
  stock under dividend reinvestment
  and stock purchase plans ........        6,899             8           109                             0             0
Purchase of 26,100 shares of
  treasury stock ..................            0             0             0                             0             0
Retirement of 26,100 shares of
  treasury stock ..................      (26,100)          (32)         (413)                            0             0
Cash dividends $.42 per share .....            0             0             0                          (569)            0
                                       ---------    ----------    ----------                    ----------    ----------
Balance at September 30, 2000 .....    1,348,450    $    1,686    $    5,179                    $   17,930    $     (684)
                                       =========    ==========    ==========                    ==========    ==========
</TABLE>


<TABLE>
<CAPTION>



                                        TREASURY
                                         STOCK          TOTAL

<S>                                    <C>           <C>
Balance at January 1, 2000 ........    $        0    $   23,047
Comprehensive Income:
 Net income .......................             0         1,485
 Change in unrealized gain (loss)
  on investment securities
  available-for-sale net of
  reclassification adjustment
  and tax effects .................             0           476
         TOTAL COMPREHENSIVE INCOME
Issuance of 6,899 shares of common
  stock under dividend reinvestment
  and stock purchase plans ........             0           117
Purchase of 26,100 shares of
  treasury stock ..................          (445)         (445)
Retirement of 26,100 shares of
  treasury stock ..................           445             0
Cash dividends $.42 per share .....             0          (569)
                                       ----------    ----------
Balance at September 30, 2000 .....    $        0    $   24,111
                                       ==========    ==========
</TABLE>







                                      -8-
<PAGE>   11




NOTE 6 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF
         CREDIT RISK

          The Corporation is a party to financial instruments with off-balance
          sheet risk in the normal course of business to meet the financing
          needs of its customers. These financial instruments include
          commitments to extend credit, standby letters of credit and commercial
          letters of credit. Those instruments involve, to varying degrees,
          elements of credit and interest rate risk in excess of the amount
          recognized in the consolidated balance sheets. The contract or
          notional amounts of those instruments reflect the extent of
          involvement the Corporation has in particular classes of financial
          instruments. The Corporation does not engage in trading activities
          with respect to any of its financial instruments with off-balance
          sheet risk.

          The Corporation may require collateral or other security to support
          financial instruments with off-balance sheet credit risk. The contract
          or notional amounts at September 30, 2000 and December 31, 1999 were
          as follows:

<TABLE>
<CAPTION>
                                                                          (AMOUNTS IN THOUSANDS)
                                                                         ----------------------
                                                                          SEPTEMBER   DECEMBER
                                                                          30, 2000    31, 1999
                                                                          --------    --------
<S>                                                                       <C>        <C>
          FINANCIAL INSTRUMENTS WHOSE CONTRACT AMOUNTS REPRESENT
           CREDIT RISK:
            Commitments to extend credit........................          $ 11,694   $ 10,342
            Financial standby letters of credit.................               615        639
            Performance standby letters of credit...............                18         11
            Dealer floor plans..................................             1,612        991
</TABLE>


          Commitments to extend credit are agreements to lend to a customer as
          long as there is no violation of any condition established in the
          contract. Commitments generally have fixed expiration dates or other
          termination clauses and may require payment of a fee. Because many of
          the commitments are expected to expire without being drawn upon, the
          total commitment amounts do not necessarily represent future cash
          requirements. The Corporation evaluates each customer's
          creditworthiness on a case-by-case basis. The amount of collateral
          obtained, if deemed necessary by the Corporation upon extension of
          credit, is based on management's credit evaluation of the
          counter-party. Collateral held varies but may include accounts
          receivable, inventory, property, plant, equipment and income-producing
          commercial properties.

          Standby letters of credit and commercial letters of credit are
          conditional commitments issued by the Corporation to guarantee the
          performance of a customer to a third party. The credit risk involved
          in issuing letters of credit is essentially the same as that involved
          in extending loan facilities to customers. The Corporation holds
          collateral supporting those commitments for which collateral is deemed
          necessary.

          The Corporation's exposure to credit loss in the event of
          nonperformance by the other party to the financial instrument for
          commitments to extend credit and letters of credit is represented by
          the contractual notional amount of those instruments. The Corporation
          uses the same credit policies in making commitments and conditional
          obligations, as it does for on-balance sheet instruments.





                                      -9-
<PAGE>   12




          The Corporation granted commercial, consumer and residential loans to
          customers within Pennsylvania. Of the total loan portfolio at
          September 30, 2000, 77.3% was for real estate loans, principally
          residential. It was the opinion of management that the high
          concentration did not pose an adverse credit risk. Further, it was
          management's opinion that the remainder of the loan portfolio was
          balanced and diversified to the extent necessary to avoid any
          significant concentration of credit.



NOTE 7 - MANAGEMENT'S ASSERTIONS AND COMMENTS REQUIRED TO BE PROVIDED WITH FORM
         10Q FILING

          In management's opinion, the consolidated interim financial statements
          reflect a fair presentation of the consolidated financial position of
          CCFNB Bancorp, Inc. and Subsidiary, and the results of their
          operations and their cash flows for the interim periods presented.
          Further, the consolidated interim financial statements reflect all
          adjustments, which are in the opinion of management, necessary to
          present fairly the consolidated financial condition and consolidated
          results of operations and cash flows for the interim period presented
          and that all such adjustments to the consolidated financial statements
          are of a normal recurring nature.

          The results of operations for the nine-month period ended September
          30, 2000 are not necessarily indicative of the results to be expected
          for the full year.

          These consolidated interim financial statements have been prepared in
          accordance with requirements of Form 10Q and therefore do not include
          all disclosures normally required by generally accepted accounting
          principles applicable to financial institutions as included with
          consolidated financial statements included in the Corporation's annual
          Form 10K filing. The reader of these consolidated interim financial
          statements may wish to refer to the Corporation's annual report or
          Form 10K for the period ended December 31, 1999, filed with the
          Securities and Exchange Commission.



NOTE 8 - AMENDMENT OF RULE 10-01 OF REGULATION S-X REQUIRING REVIEWED QUARTERLY
         FINANCIAL STATEMENTS

          In accordance with the new amendment effective for the period ended
          September 30, 2000 the accompanying consolidated financial statements
          have been reviewed by Independent Certified Public Accountants whose
          report is being submitted as an integral part of this Form 10Q filing.







                                      -10-
<PAGE>   13






REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



Board of Directors and Stockholders of CCFNB Bancorp, Inc.:


We have reviewed the accompanying consolidated balance sheet of CCFNB Bancorp,
Inc. and Subsidiary as of September 30, 2000, and the related consolidated
statements of income and cash flows for the three and nine-month periods then
ended. These consolidated financial statements are the responsibility of the
management of CCFNB Bancorp, Inc. and Subsidiary.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the September 30, 2000 financial statements for them to be in
conformity with generally accepted accounting principles.

The accompanying balance sheet of CCFNB Bancorp, Inc. and Subsidiary for the
year ended December 31, 1999, was audited by us as part of our audit of the
financial statements for the year ended December 31, 1999 taken as a whole and
we expressed an unqualified opinion on them in our report dated January 18,
2000, but we have not performed any auditing procedures since that date.

The accompanying statements of income and cash flows of CCFNB Bancorp, Inc. and
Subsidiary for the three and nine-month periods ended September 30, 1999 were
not audited by us and, accordingly, we do not express an opinion on them.



                                                  /s/ J.H. Williams & Co., LLP



J.H. Williams & Co., LLP
Kingston, Pennsylvania
October 17, 2000





                                      -11-
<PAGE>   14



                               CCFNB BANCORP, INC. AND SUBSIDIARY
                      MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED
                          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

      Consolidated Summary of Operations
      (Dollars in Thousands, except for per share data)

<TABLE>
<CAPTION>
                                           AT AND FOR THE NINE MONTHS
                                           --------------------------
                                                 ENDED SEPTEMBER 30,             AT AND FOR THE YEARS ENDED DECEMBER 31,
                                                 -------------------             ---------------------------------------
                                                 2000       1999          1999        1998          1997       1996          1995
                                                 ----       ----          ----        ----          ----       ----          ----
<S>                                        <C>          <C>          <C>          <C>          <C>          <C>          <C>
Income and Expense:
  Interest income ......................   $   10,029   $    9,393   $   12,669   $   12,444   $   12,498   $   11,844   $   11,466
  Interest expense .....................        5,011        4,504        6,099        6,072        5,976        5,588        5,557
                                            ---------    ---------    ---------    ---------    ---------    ---------    ---------
  Net interest income ..................        5,018        4,889   $    6,570   $    6,372        6,522        6,256        5,909
  Loan loss provision ..................           47           59           78           78           60           80           42
                                            ---------    ---------    ---------    ---------    ---------    ---------    ---------
  Net interest income after loan loss
    provision ..........................        4,971        4,830        6,492        6,294        6,462        6,176        5,867
  Non-interest income ..................          750          784        1,050          981          804          762          693
  Non-interest expense .................        3,763        3,621        4,818        4,739        4,492        4,450        4,374
                                            ---------    ---------    ---------    ---------    ---------    ---------    ---------
  Income before income taxes ...........        1,958        1,993        2,724        2,536        2,774        2,488        2,186
  Income taxes .........................          473          503          685          634          749          664          561
                                            ---------    ---------    ---------    ---------    ---------    ---------    ---------
  Net income ...........................        1,485        1,490        2,039        1,902        2,025        1,824        1,625
                                            =========    =========    =========    =========    =========    =========    =========
Per Share: (1)
  Net income ...........................   $     1.09   $     1.08   $     1.48   $     1.38   $     1.47   $     1.33   $     1.19
  Cash dividends paid ..................          .42         .376          .51          .46          .46          .45          .45
  Average shares outstanding ...........    1,358,633    1,377,041    1,375,572    1,378,339    1,381,800    1,375,875    1,367,595

Average Balance Sheet:
  Loans ................................   $  133,350   $  120,883   $  123,185   $  116,490   $  116,771   $  112,341   $  111,980
  Investments ..........................       47,164       50,093       49,827       45,878       40,307       39,248       37,063
  Other earning assets .................          482        3,596        2,739        4,952        5,053        3,739        1,727
  Total assets .........................      191,531      185,509      186,597      177,643      171,159      164,512      157,957
  Deposits .............................      138,766      138,796      138,963      131,366      117,086      117,414      116,495
  Other interest-bearing liabilities ...       28,591       22,219       22,874       22,660       20,198       14,860       11,766
  Stockholders' equity .................       22,925       23,177       22,874       22,264       20,690       19,512       18,067

Balance Sheet Data:
  Loans ................................      134,701      124,484      134,423      118,558      119,045      115,590      111,831
  Investments ..........................       46,068       50,188       49,104       48,151       43,862       37,407       40,384
  Other earning assets .................        7,276          215          217        6,105          582        6,856          385
  Total assets .........................      199,916      185,325      196,122      185,258      173,866      170,086      162,066
  Deposits .............................      139,074      137,158      138,606      137,679      127,719      131,400      128,985
  Other interest-bearing liabilities ...       35,518       23,823       33,224       22,709       22,802       16,951       12,430
  Stockholders' equity .................       24,111       23,188       23,047       23,480       22,105       20,657       19,512

Ratios: (2)
  Return on average assets .............         1.03%        1.07%        1.09%        1.07%        1.18%        1.11%        1.03%
  Return on average equity .............         8.64%        8.57%        8.91%        8.54%        9.79%        9.35%        8.99%
  Dividend payout ratio ................        38.33%       34.77%       33.59%       33.59%       31.65%       33.95%       34.35%
  Average equity to average assets ratio        11.97%       12.49%       11.75%       12.53%       12.71%       11.86%       11.44%
</TABLE>


(1)  Per share data has been calculated on the weighted average number of shares
     outstanding.

(2)  The ratios for the nine month period ending September 30, 2000 are
     annualized.




                                      -12-
<PAGE>   15




The following discussion and analysis of the financial condition and results of
operations of the Corporation should be read in conjunction with the
consolidated financial statements of the Corporation. The consolidated financial
condition and results of operations of the Corporation are essentially those of
the Bank. Therefore, the discussion and analysis that follows is directed
primarily at the performance of the Bank.


Overview

Total assets increased 1.9% to $199.9 at September 30, 2000 from $196.1 at
December 31, 1999. Net income decreased .3% through September 30, 2000 to
$1,485,000 or $1.09 per share, compared to $1,490,000 or $1.08 per share for the
same nine month period ended September 30, 1999. Loans increased in 2000 by .2%
to $134.7 million at September 30, 2000 from $134.4 million at December 31,
1999.

Results of Operations - For the Nine Months Ended September 30, 2000 and
September 30, 1999.

Net income is affected by five major components: net interest income or the
difference between interest income earned on loans and investments and interest
expense paid on deposits and borrowed funds; the provision for loan losses,
which is the amount charged against net interest income and added to the
allowance for loan losses to provide a reserve for potential future loan losses;
other non-interest income, which is made up of certain fees, gains and losses
from the sale of investment securities, trust department income and other items;
and other non-interest expenses, which consist primarily of salaries and
benefits, general overhead expenses, other operational expenses and income
taxes. Each of these major components is reviewed in more detail in the
following discussion.

Net income for the nine months ended September 30, was $1,485,000 or $1.09 per
share, as compared to $1,490,000 or $1.08 per share, for the comparable period
in 1999. Interest income increased $636,000, interest expense increased
$507,000, non-interest income increased $5,000, non-interest expense increased
$100,000 and a $39,000 gain on sale of securities in 1999 with no security gain
in 2000 were the contributing factors for the $5,000 decrease in net income
comparing September 30, 1999 to September 30, 2000.

Return on average assets and return on average equity were 1.03% and 8.64%,
respectively, for the nine months ended September 30, 2000, as compared to 1.07%
and 8.57%, respectively for the comparable period in 1999.

Net Interest Income

For the nine months ended September 30, 1999 and 2000, net interest income was
$4.9 and $5.0 million respectively. The net interest margin was 3.94% for the
nine months ended September 30, 2000 and September 30, 1999. Average interest
earning assets at September 30, 2000 increased by 3.0% over September 30, 1999
to $181.0 million from $175.7 million.

Average loans outstanding increased from $120.9 million to $133.4 million or
10.3% for the nine months ended September 30, 1999, as compared to the nine
months ended September 30, 2000. The outstanding balance of loans at September
30, 2000 increased from $134.4 million at December 31, 1999 to $134.7 million at
September 30, 2000.




                                      -13-
<PAGE>   16



Shown below is a summary of past due and non-accrual loans:

<TABLE>
<CAPTION>
                                                                   IN THOUSANDS OF DOLLARS
                                                                   -----------------------
                                                                    SEPTEMBER     DECEMBER
                                                                     30, 2000     31, 1999
                                                                   ------------  ---------
<S>                                                                 <C>          <C>
           Past due and non-accrual:
             Days 30 - 89.........................................   $  2,016    $    665
             Days 90 plus.........................................        272         173
             Non-accrual..........................................        418         199
                                                                     --------    --------
                                                                     $  2,706    $  1,037
                                                                     ========    ========
</TABLE>


Past due and non-accrual loans increased to $2.7 million at September 30, 2000
from $1.0 million at December 31, 1999. The major portion of increase is due to
four commercial loans 30-45 days past due totalling $1.3 million. The balance of
the increase is due to nonperforming secured residential mortgages.

Any loans classified for regulatory purposes as loss, doubtful, substandard, or
special mention that have not been disclosed under Industry Guide 3 do not (i)
represent or result from trends or uncertainties which management reasonably
expects will materially impact future operating results, liquidity, or capital
resources, or (ii) represent material credits about which management is aware of
any information which causes management to have serious doubts as to the ability
of such borrowers to comply with the loan repayment terms.

The Corporation adheres to principles provided by Financial Accounting Standards
Board Statement No. 114, "Accounting by Creditors for Impairment of a Loan" -
Refer to Note 2 above for other details.

The following analysis provides a schedule of loan maturities/interest rate
sensitivities. This schedule presents a repricing and maturity analysis as
required by the FFIEC:

<TABLE>
<CAPTION>
                                                                                      IN THOUSANDS
                                                                                       OF DOLLARS
                                                                                       ----------
                                                                                        SEPTEMBER
               MATURITY AND REPRICING DATA FOR LOANS AND LEASES                         30, 2000
                                                                                       ----------
<S>                                                                                    <C>
      Closed-end loans secured by first liens on 1-4 family residential
       properties with a remaining maturity or repricing frequency of:
          (1) Three months or less...........................................           $  2,341
          (2) Over three months through 12 months............................             11,498
          (3) Over one year through three years..............................             32,103
          (4) Over three years through five years............................              3,076
          (5) Over five years through 15 years...............................              8,745
          (6) Over 15 years..................................................              2,121
      All loans and leases other than closed-end loans secured by first liens on
       1-4 family residential properties with a remaining maturity or repricing
       frequency of:
          (1) Three months or less...........................................             16,566
          (2) Over three months through 12 months............................             14,815
          (3) Over one year through three years..............................             15,148
          (4) Over three years through five years............................              9,355
          (5) Over five years through 15 years...............................             14,348
          (6) Over 15 years..................................................              4,720
                                                                                        --------
             Sub-total.......................................................           $134,836
      Add:  non-accrual loans not included above.............................                418
      Less:  unearned income.................................................               (553)
                                                                                        --------
             Total Loans and Leases..........................................           $134,701
                                                                                        ========
</TABLE>



                                      -14-
<PAGE>   17



Interest income from investment securities reflects a .3% decrease comparing
$2,069,000 for the nine months ended September 30, 2000, and the $2,075,000 for
the comparable period of 1999. The average balance of investment securities for
the nine months ended September 30, 2000 decreased 5.8% to $47.2 million,
compared to the $50.1 million for the same period of 1999.

Total interest expense increased $507,000 or 11.3% for the first nine months of
2000, as compared to the first nine months of 1999.

Average short term borrowings increased from $19.9 million at September 30, 1999
to $20.5 million at September 30, 2000. This 3.0% increase reflects a decrease
in depositor repurchase agreements from an average $19.4 million at September
30, 1999 to $15.6 million at September 30, 2000. Conversely, short term
borrowings from Federal Home Loan Bank averaged $34,000 at September 30, 1999
and $4.4 million at September 30, 2000.

Long term borrowings from Federal Home Loan Bank also increased from an average
$2.3 million at September 30, 1999 to $8.1 million at September 30, 2000.

The following table sets forth, for the periods indicated, information
regarding: (1) the total dollar amount of interest income from interest-earning
assets and the resultant average yields; (2) the total dollar amount of interest
expense on interest-bearing liabilities and the resultant average cost; (3) net
interest income; (4) net interest margin; (5) tax equivalent net interest
income; and (6) tax equivalent net interest margin. Information is based on
average daily balances during the indicated periods.


      Average Balance Sheet and Rate Analysis
      (Dollars in Thousands)
<TABLE>
<CAPTION>
                                                                       SEPTEMBER 2000                        SEPTEMBER 1999
                                                            ----------------------------------    ---------------------------------
                                                                          INTEREST     AVERAGE                 INTEREST     AVERAGE
                                                            AVERAGE        INCOME/      YIELD/     AVERAGE      INCOME/       YIELD/
                                                            BALANCE(1)    EXPENSE(2)     RATE     BALANCE(1)   EXPENSE(2)     RATE
         ASSETS:
<S>                                                       <C>           <C>           <C>       <C>          <C>            <C>
Interest-bearing deposits with other financial
  institutions ........................................    $     467     $      23       6.57%   $   3,596     $     129       4.78%
Investment securities:
  U.S. government securities ..........................       31,507         1,461       6.18%      34,528         1,508       5.82%
  State and municipal obligations (3) .................       14,516           544       7.57%      14,183           507       7.22%
  Other securities ....................................        1,141            64       7.48%       1,382            60       5.79%
                                                           ---------     ---------       ----    ---------     ---------       ----
Total Investment Securities ...........................    $  47,164     $   2,069       5.85%   $  50,093     $   2,075       5.52%
Federal funds sold ....................................           15             0        .00%       1,103            39       4.71%
Consumer ..............................................       12,538           760       8.08%      10,316           640       8.27%
Dealer floor plan .....................................        5,429           353       8.67%       2,572           153       7.93%
Mortgage ..............................................      103,452         6,038       7.78%      98,226         5,767       7.83%
Commercial ............................................        9,462           689       9.71%       7,492           500       8.90%
Tax free (3) ..........................................        2,469            97       7.94%       2,277            90       7.98%
                                                           ---------     ---------       ----    ---------     ---------       ----
Total loans ...........................................    $ 133,350     $   7,937       7.94%   $ 120,883     $   7,150       7.89%
Total interest earning assets .........................      180,996        10,029       7.39%     175,675         9,393       7.13%
                                                           ---------     ---------       ----    ---------     ---------       ----
Reserve for loan losses ...............................    $  (1,020)                            $    (986)
Cash and due from banks ...............................        2,040                                 1,683
Other assets ..........................................        9,515                                 9,137
                                                           ---------                             ---------
Total assets ..........................................    $ 191,531                             $ 185,509
                                                           =========                             =========
</TABLE>



                                      -15-
<PAGE>   18



<TABLE>
<CAPTION>
                                                                      SEPTEMBER  2000                       SEPTEMBER 1999
                                                            ------------------------------------  ----------------------------------
                                                                          INTEREST     AVERAGE                 INTEREST     AVERAGE
                                                              AVERAGE      INCOME/      YIELD/    AVERAGE       INCOME/      YIELD/
                                                             BALANCE(1)   EXPENSE(2)     RATE    BALANCE(1)    EXPENSE(2)     RATE
                                                            -----------   ----------  ----------  ----------   -----------   -------
<S>                                                         <C>          <C>              <C>      <C>           <C>          <C>
LIABILITIES AND CAPITAL:
SUPER NOW deposits ...................................      $ 21,654      $    209         1.29%   $ 21,867      $    221      1.35%
IRA's under $100,000 .................................         8,209           323         5.25%      8,335           308      4.93%
Money market deposits ................................         9,579           196         2.73%     11,018           228      2.76%
Savings deposits .....................................        21,659           416         2.56%     21,901           418      2.54%
Time deposits including IRA's over $100,000 ..........        16,427           747         6.06%     13,631           587      5.74%
Other time deposits under $100,000 ...................        47,689         1,915         5.35%     48,879         1,945      5.31%
                                                            --------      --------         ----    --------      --------      ----
Total interest-bearing deposits ......................      $125,217      $  3,806         4.05%   $125,631      $  3,707      3.93%
                                                            --------      --------         ----    --------      --------      ----
U.S. treasury short-term borrowings ..................           464            21         6.03%        447            15      4.47%
Short-term borrowings - other ........................         4,400           202         6.12%         34             2      7.84%
Long-term borrowings .................................         8,114           366         6.01%      2,315            97      5.59%
Repurchase agreements ................................        15,613           616         5.26%     19,423           683      4.69%
                                                            --------      --------         ----    --------      --------      ----
Total interest-bearing liabilities ...................      $153,808      $  5,011         4.34%   $147,850      $  4,504      4.06%
                                                            --------      --------         ----    --------      --------      ----
Demand deposits ......................................      $ 13,549                               $ 13,165
Other liabilities ....................................         1,249                                  1,317
Stockholders' equity .................................        22,925                                 23,177
                                                            --------                               --------
Total liabilities and capital ........................      $191,531                               $185,509
                                                            ========                               ========
NET INTEREST INCOME/NET INTEREST MARGIN (4) ..........                    $  5,018         3.70%                 $  4,889      3.71%
                                                                          ========         ====                  ========      ====
TAX EQUIVALENT NET INTEREST INCOME/
 NET INTEREST MARGIN (5) .............................                    $  5,348         3.94%                 $  5,196      3.94%
                                                                          ========         ====                  ========      ====
</TABLE>


(1)  Average volume information was computed using daily averages.

(2)  Interest on loans includes fee income.

(3)  Yield on tax-exempt obligations has been computed on a tax-equivalent
     basis.

(4)  Net interest margin is computed by dividing net interest income by total
     interest earning assets.

(5)  Interest and yield are presented on a tax-equivalent basis using 34% for
     2000 and 1999.


Provision for Loan Losses

The provision for loan losses is based on management's evaluation of the
allowance for loan losses in relation to the credit risk inherent in the loan
portfolio. In establishing the amount of the provision required, management
considers a variety of factors, including but not limited to, general economic
conditions, volumes of various types of loans, collateral adequacy and potential
losses from significant borrowers. On a monthly basis, the Board of Directors
and the Credit Administration Committee review information regarding specific
loans and the total loan portfolio in general in order to determine the amount
to be charged to the provision for loan losses.

For the nine month period ending September 30, 2000 and 1999, the provision for
loan losses was $47,000 and $59,000 respectively.





                                      -16-
<PAGE>   19



Non-Interest Income

     The following table sets forth, for the periods indicated, the major
     components of non-interest income:

<TABLE>
<CAPTION>
                                                              NINE MONTHS ENDED
                                                                 SEPTEMBER 30,
                                                                 -------------
                                                               2000        1999
                                                               ----        ----
                                                          (Dollars in Thousands)
<S>                                                           <C>           <C>
Service charges and fees ...........................          $447          $454
Trust department income ............................           121           129
Investment securities gain - net ...................             0            39
Invest income ......................................            77            75
Other ..............................................           105            87
                                                              ----          ----
     Total .........................................          $750          $784
                                                              ====          ====
</TABLE>


For the nine months ended September 30, 2000, total non-interest income
decreased $34,000 to $750,000 compared with $784,000 for the nine months ended
September 30, 1999. Service charges and fees decreased $7,000 from $454,000 at
September 30, 1999 to $447,000 at September 30, 2000. Trust Department income
decreased 6.2% from $129,000 at September 30, 1999 to $121,000 at September 30,
2000. Invest income reflected a $2,000 increase comparing September 30, 1999 to
September 30, 2000. Other non-interest income increased from $87,000 at
September 30, 1999 to $105,000 at September 30, 2000. This $18,000 increase was
generally accounted for by an increase in loan documentation preparation fees
and penalties on CD's. Investment securities gain reflected $39,000 at September
30, 1999 compared to $0 at September 30, 2000.


Non-Interest Expenses

Generally, non-interest expense accounts for the cost of maintaining facilities,
providing salaries and necessary benefits to employees, and general operating
costs such as insurance, supplies, advertising, data processing services, taxes
and other related expenses. Some of the costs and expenses are variable while
others are fixed. To the extent possible, the Company utilizes budgets and
related measures to control variable expenses. The following table sets forth,
for the periods indicated, the major components of non-interest expenses:

<TABLE>
<CAPTION>
                                                              NINE MONTHS ENDED
                                                                 SEPTEMBER 30,
                                                                 -------------
                                                               2000        1999
                                                               ----        ----
                                                          (Dollars in Thousands)
<S>                                                        <C>            <C>
Salaries and wages ...............................         $1,513         $1,415
Employee benefits ................................            486            471
Net occupancy expense ............................            249            259
Furniture and equipment expense ..................            466            450
FDIC insurance ...................................             21             12
State shares tax .................................            164            146
Other expense ....................................            864            868
                                                           ------         ------
     Total .......................................         $3,763         $3,621
                                                           ======         ======
</TABLE>



Non-interest expenses increased 5.6% from $3.6 million at September 30, 1999 to
$3.8 million at September 30, 2000.




                                      -17-
<PAGE>   20



Salaries increased 7.1% from $1.4 million at September 30, 1999 to $1.5 million
at September 30, 2000. A 3.2% increase was reflected in employee benefits from
$471,000 at September 30, 1999 to $486,000 at September 30, 2000. Normal merit
increases and higher starting wages for new employees in the current employee
market are responsible for the salary increases. Increased cost of employee
benefits, specifically health coverage, accounts for the increase in employee
benefits.

Occupancy expense and furniture and equipment expense reflects a $6,000 increase
for the first nine months of 1999 compared to the first nine months of 2000.
Fluctuation occurred in the following expense categories: fire insurance changes
reflect a $5,000 savings, maintenance and repair on buildings is $5,000 less
than September 30, 1999, and service on equipment rose 16.8% from $113,000 at
September 30, 1999 to $132,000 at September 30, 2000, mainly due to new
services, such as telephone and internet banking increasing our maintenance
fees.

FDIC insurance increased 75% for 2000 from $12,000 at September 30, 1999 to
$21,000 at September 30, 2000. Shares tax also increased 12.3% from $450,000 at
September 30, 1999 to $466,000 at September 30, 2000.

Other expenses remained stable at $868,000 at September 30, 1999 and $864,000 at
September 30, 2000.


Capital

A major strength of a financial institution is a strong capital position. This
capital is very critical as it must provide growth, payment to stockholders, and
absorption of unforeseen losses. The federal regulators provide standards that
must be met. These standards measure "risk-adjusted" assets against different
categories of capital. The "risk-adjusted" assets reflect off balance sheet
items, such as commitments to make loans, and also place balance sheet assets on
a "risk" basis for collectibility. The adjusted assets are measured against Tier
I Capital and Total Qualifying Capital. Tier I Capital is common stockholders'
equity and Tier II Capital includes the allowance for loan losses. Allowance for
loan losses must be lower than or equal to common stockholders' equity to be
eligible for Total Qualifying Capital.

The Company exceeds all minimum capital requirements as reflected in the
following table:

<TABLE>
<CAPTION>
                                          SEPTEMBER 30, 2000    DECEMBER 31, 1999
                                          ------------------    -----------------
                                                     MINIMUM               MINIMUM
                                         CALCULATED  STANDARD  CALCULATED  STANDARD
                                           RATIOS     RATIOS     RATIOS     RATIOS
                                           ------     ------     ------     ------
<S>                                      <C>         <C>        <C>        <C>
Risk Based Ratios:
Tier I Capital to risk-weighted assets..   19.76%     4.00%      17.94%     4.00%
Total Qualifying Capital to
  risk-weighted assets..................   20.56%     8.00%      18.68%     8.00%
</TABLE>


Additionally, certain other ratios also provide capital analysis as follows:

<TABLE>
<CAPTION>
                                                               SEPTEMBER   DECEMBER
                                                               30, 2000    31, 1999
                                                               ---------   --------

<S>                                                            <C>        <C>
Tier I Capital to average assets...........................      12.89%    12.94%
</TABLE>

Management believes that the Bank's current capital position and liquidity
positions are strong and that its capital position is adequate to support its
operations.



                                      -18-
<PAGE>   21


PART II - OTHER INFORMATION:



Item 1. Legal Proceedings

Management and the Corporation's legal counsel are not aware of any litigation
that would have a material adverse effect on the consolidated financial position
of the Corporation. There are no proceedings pending other than the ordinary
routine litigation incident to the business of the Corporation and its
subsidiary, Columbia County Farmers National Bank. In addition, no material
proceedings are pending or are known to be threatened or contemplated against
the Corporation and the Bank by government authorities.



Item 2. Changes in Securities - Nothing to report.



Item 3. Defaults Upon Senior Securities - Nothing to report.



Item 4. Submission of Matters to a Vote of Security Holders - Nothing to
        report.



Item 5. Other Information - Nothing to report.



Item 6. Exhibits and Reports on Form 8-K - Nothing to report.






                                      -19-
<PAGE>   22



                                   SIGNATURES




Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                             CCFNB BANCORP, INC.
                                                (Registrant)




                                             By /s/ Paul E. Reichart
                                                Paul E. Reichart
                                                President & CEO

                                             Date:




                                             By /s/ Virginia D. Kocher
                                                Virginia D. Kocher
                                                Treasurer

                                             Date: November 9, 2000























                                      -20-