UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


[X]   QUARTERLY REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF  THE  SECURITIES
      EXCHANGE ACT OF 1934

      For the quarterly period ended March 31, 2003

                                       OR

[ ]   TRANSITION  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF
      1934

                For the transition period from           to
                                               ---------    ---------

                        Commission file number: 000-50234


                             Eureka Financial Corp.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


            United States                                         75-3098403
-------------------------------                                  -------------
(State or Other Jurisdiction of                                  (IRS Employer
Incorporation or Organization)                               Identification No.)


3455 Forbes Avenue at McKee Place, Pittsburgh, Pennsylvania          15213
-----------------------------------------------------------     ----------------
(Address of Principal Executive Offices)                           (Zip Code)


Registrant's Telephone Number, Including Area Code:              (412) 681-8400
                                                                ----------------


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.

                      Yes  X      No
                          ---        ---


As of May 13, 2003,  there were issued and outstanding  1,240,983  shares of the
registrant's Common Stock.

Transitional small business disclosure format (check one):  Yes         No  X
                                                                ---        ---

<PAGE>

                             EUREKA FINANCIAL CORP.
                                      INDEX


                                                                           Page
                                                                          Number

PART 1 - FINANCIAL INFORMATION

  Item 1.          Financial Statements

                   Balance Sheet as of March 31, 2003
                   (Unaudited), and September 30, 2002                      3

                   Statements of Income (Unaudited) for the Three
                   and Six Months ended March 31, 2003 and 2002             4

                   Statements off Cash Flows (Unaudited) for the
                   Six Months ended March 31, 2003 and 2002                 5

                   Notes to Financial Statement (Unaudited)                 6-7

  Item 2.          Management's Discussion and Analysis of Financial
                   Condition and Results of Operations                      8-11

  Item 3.          Controls and Procedures                                  12


PART II - OTHER INFORMATION

  Item 1.          Legal Proceedings                                        12

  Item 2.          Changes in Securities and Use of Proceeds                12

  Item 3.          Defaults Upon Senior Securities                          12

  Item 4.          Submission of Matters to a Vote of Security Holders      12

  Item 5.          Other Information                                        12

  Item 6.          Exhibits and reports on Form 8-K                         12

Signatures

Certifications
<PAGE>

EUREKA FINANCIAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

<TABLE>
<CAPTION>
                                                                      March 31,     September 30,
                                                                        2003            2002
                                                                    ------------    ------------
ASSETS                                                                (Unaudited)

<S>                                                               <C>             <C>
  Cash and due from banks                                           $    525,031    $    720,601
  Interest-bearing deposits in banks                                   7,278,976       7,927,834
  Securities available-for-sale                                        9,437,906       8,454,099
  Securities held-to-maturity
    (Market values of $6,161,665 and
    $5,541,372 respectively)                                           5,894,431       5,144,112
  Mortgage-backed securities, available-for-sale                       1,979,259       2,583,390
  Federal Home Loan Bank stock, at cost                                  313,400         382,900
  Loans receivable, net                                               51,803,011      52,142,231
  Premises and equipment, net                                          1,171,610       1,207,622
  Other assets                                                           878,371         703,166
                                                                    ------------    ------------

  Total Assets                                                      $ 79,281,995    $ 79,265,955
                                                                    ============    ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Liabilities
    Deposit accounts
      Non-interest bearing                                          $  1,363,870    $  1,466,297
      Interest bearing                                                56,087,618      55,942,741
                                                                    ------------    ------------
        Total deposit accounts                                        57,451,488      57,409,038

    Advances from borrowers for taxes & insurance                        173,315         297,678
    Other liabilities                                                  1,154,683       1,256,555
    FHLB advances                                                      1,000,000       1,000,000
    Guarantee of employee stock ownership plan (ESOP) debt               121,601         161,802
                                                                    ------------    ------------
        Total liabilities                                             59,901,087      60,125,073

  Stockholders' Equity
    Common Stock ($0.10 par value)
       4,000,000 shares authorized, 1,377,810 shares
       issued, 1,240,983 and 1,239,318 shares outstanding
       as of March 31, 2003 and September 30, 2002, respectively         137,781         137,781
    Additional paid-in-capital                                         6,105,129       6,037,703
    Retained earnings-substantially restricted                        13,026,285      12,891,928
    Unearned employee stock ownership plan
       (ESOP) shares                                                    (121,601)       (161,802)
    Unearned compensation-restricted stock plan                          (88,436)       (107,294)
    Accumulated other comprehensive income net of
       applicable income taxes of $833,041 and
       $851,378, respectively                                          1,617,079       1,652,676
    Treasury stock (136,827 and 138,492 shares at cost)               (1,295,329)     (1,310,110)
                                                                    ------------    ------------
        Total stockholders' equity                                    19,380,908      19,140,882

Total Liabilities and Stockholders' Equity                          $ 79,281,995    $ 79,265,955
                                                                    ============    ============
</TABLE>
See notes to unaudited consolidated financial statements.

                                       3

<PAGE>
EUREKA FINANCIAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                             Three Months Ended March 31,  Six Months Ended March 31,
                                 (Unaudited)               (Unaudited)
                                    2003         2002         2003         2002
                                 ----------   ----------   ----------   ----------

Interest Income
<S>                            <C>          <C>          <C>          <C>
    Loans                        $  911,931   $  966,921   $1,851,799   $1,928,094
    Investment securities           228,840      176,522      443,988      368,798
    Mortgage-backed securities       34,633       54,467       73,510      115,261
                                 ----------   ----------   ----------   ----------

    Total interest income         1,175,404    1,197,910    2,369,297    2,412,153

Interest Expense
    Deposits                        397,331      466,859      823,232      985,196
    FHLB advances                    13,900       13,900       28,109       28,109
    Other                             1,524        2,601        3,461        6,801
                                 ----------   ----------   ----------   ----------

    Total interest expense          412,755      483,360      854,802    1,020,106
                                 ----------   ----------   ----------   ----------

Net Interest Income                 762,649      714,550    1,514,495    1,392,047

Provision for Loan Losses                 0       20,000            0       31,000
                                 ----------   ----------   ----------   ----------

Net Interest Income after
  Provision for Loan Losses         762,649      694,550    1,514,495    1,361,047

Other Income                         22,806       23,020       54,598       48,086

Other Expenses
  Salaries and benefits             272,149      218,845      539,459      435,692
  Occupancy expense                  52,368       49,086      101,662       96,476
  Computer expense                   27,709       22,132       53,542       42,987
  Legal and accounting               44,471       33,363       88,103       64,557
  ESOP Contribution                  45,520       31,983       82,220       97,045
  Other                              72,101       80,769      151,558      140,039
                                 ----------   ----------   ----------   ----------

  Total other expenses              514,318      436,178    1,016,544      876,796
                                 ----------   ----------   ----------   ----------

Income Before Income Taxes          271,137      281,392      552,549      532,337

Provision for Income Taxes           47,827       62,309      113,827      125,876
                                 ----------   ----------   ----------   ----------

Net Income                       $  223,310   $  219,083   $  438,722   $  406,461
                                 ==========   ==========   ==========   ==========

Basic Earnings Per Share         $     0.18   $     0.18   $     0.36   $     0.33
                                 ==========   ==========   ==========   ==========

Diluted Earnings Per Share       $     0.17   $     0.17   $     0.35   $     0.32
                                 ==========   ==========   ==========   ==========

</TABLE>

See notes to unaudited consolidated financial statements.

                                       4
<PAGE>

EUREKA FINANCIAL CORP. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                        Six Months Ended March 31,
                                                                               (Unaudited)
                                                                            2003           2002
                                                                        -----------    -----------
<S>                                                                   <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                                              $   438,722    $   406,461
Adjustments to reconcile net cash from operating activities:
    Unearned ESOP shares                                                    107,627         97,979
    Compensation expense related to RSOP                                     18,858         36,454
    Depreciation                                                             50,731         52,267
    Provision for loan loss                                                       0         31,000
    Net accretion/amortization of discounts and premiums on
     mortgage-backed and investment securities                              (33,153)       (20,188)
    Unamortized loan fees and costs                                         (25,504)       (28,533)
Increase/(decrease) in cash due to changes in assets and liabilities:
    Other assets                                                           (175,205)      (139,644)
    Other liabilities                                                       (83,534)        38,420
                                                                        -----------    -----------
  Net Cash from Operating Activities                                        298,542        474,216

CASH FLOWS FROM INVESTING ACTIVITIES
  Proceeds from maturities and redemption of securities
   held-to-maturity                                                               0      1,000,000
  Net proceeds from redemption of FHLB stock                                 69,500              0
  Purchase of securities held-to-maturity                                  (750,000)             0
  Purchase of securities available-for-sale                                (990,000)             0
  Net increase in loans made to customers                                  (305,116)    (4,418,383)
  Net commercial leases (originated)/repaid                                 669,840       (138,676)
  Net paydowns in mortgage-backed securities                                589,223        580,596
  Premises and equipment expenditures                                       (14,719)       (12,206)
                                                                        -----------    -----------
  Net Cash Used by Investing Activities                                    (731,272)    (2,988,669)

CASH FLOWS FROM FINANCING ACTIVITIES
  Net increase (decrease) in deposit accounts                                42,450      1,079,687
  Net increase in advances from borrowers for
   taxes and insurance                                                     (124,363)       (30,761)
  Repayment of ESOP loan                                                    (40,201)       (66,565)
  Reissuance of treasury stock                                               14,781              0
  Payment of dividends                                                     (304,365)      (232,176)
                                                                        -----------    -----------
  Net Cash from Financing Activities                                       (411,698)       750,185
                                                                        -----------    -----------

Net Change in Cash and Cash Equivalents                                    (844,428)    (1,764,268)

Cash and Cash Equivalents at Beginning of Period                          8,648,435      7,111,653
                                                                        -----------    -----------

Cash and Cash Equivalents at End of Period                              $ 7,804,007    $ 5,347,385
                                                                        ===========    ===========

SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash paid during the period for:
      Interest on deposits and borrowings                               $   865,242    $ 1,042,160
                                                                        ===========    ===========
      Income taxes                                                      $   188,967    $    74,775
                                                                        ===========    ===========
</TABLE>

See notes to unaudited consolidated financial statements.

                                        5

<PAGE>

                          EUREKA FINANCIAL CORP.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE A -  BASIS OF PRESENTATION

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with the  instructions  to Form  10-QSB and,  therefore,  do not
necessarily  include all information that would be included in audited financial
statements. The information furnished reflects all adjustments which are, in the
opinion of  management,  necessary  for a fair  presentation  of the  results of
operations.  All such adjustments are of a normal recurring nature.  The results
of  operations  for the three months ended March 31, 2003,  are not  necessarily
indicative  of the results to be expected for the year ended  September 30, 2003
or any other interim period. The interim  consolidated  financial statements and
the  following  discussion  should  be read in  conjunction  with the  financial
statements and footnotes  thereto included in the Registrant's  Annual Report on
Form 10-KSB for the fiscal year ended September 30, 2002.

Prior  period   accounts  were   reclassified   to  conform  to  current  period
classifications.

NOTE B - COMPREHENSIVE INCOME

For the three months ended March 31, 2003 and 2002, comprehensive income totaled
$59,375 and $137,245, respectively. For the six months then ended, comprehensive
income totaled $403,125 and $337,690, respectively.

NOTE C -AVAILABLE FOR SALE SECURITIES

The securities available for sale consisted of the following:

                                 March 31, 2003
                                 --------------

                                   Gross        Gross
                   Amortized    Unrealized    Unrealized    Market
                     Cost          Gains        Losses      Value
                   ---------    ----------    ----------    ------

FHLMC preferred
 Stock             7,070,366      228,444      (98,750)    7,200,060

FHLMC voting
 common Stock         41,266    2,196,580           --     2,237,846
                   ---------    ---------      -------     ---------

  Totals:          7,111,632    2,425,024      (98,750)    9,437,906
                   =========    =========      =======     =========

                                        6
<PAGE>

The mortgage-backed securities available for sale consisted of the following:

                                 March 31, 2003
                                 --------------

                                            Gross        Gross
                          Amortized    Unrealized    Unrealized     Market
                             Cost          Gains        Losses       Value
                          ---------    ----------    ----------     ------

GNMA certificates             3,569          142            --        3,711

FHLMC certificates          323,157       29,231            --      352,388

FNMA certificates         1,528,688       94,472            --    1,623,160
                          ---------      -------      --------    ---------


 Totals:                  1,855,414      123,845            --    1,979,259
                          =========      =======      ========    =========



NOTE D - EARNINGS PER SHARE

Earnings per share are  computed by dividing net income by the weighted  average
number of common  shares and common  stock  equivalents  outstanding  during the
period.  Weighted average shares outstanding for the three and six month periods
ended March 31, 2003 were  1,226,666 and  1,225,148,  respectively,  and for the
three and six month periods ended March 31, 2002 were  1,217,903 and  1,216,149,
respectively.  For the periods ended March 31, 2003 and 2002, such shares do not
include 12,160 and 19,164 shares,  respectively,  of Common Stock  purchased and
held by the employee stock ownership plan ("ESOP") that were unallocated  during
those periods in accordance  with SOP 93-6  "Employers  Accounting  for Employee
Stock Ownership Plans" and SFAS 128 "Earnings Per Share".

                                       7

<PAGE>

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS

GENERAL

         The Private  Securities  Litigation  Reform Act of 1995  contains  safe
harbor  provisions  regarding  forward-looking  statements.  When  used  in this
discussion, the words "believes", "anticipates",  "contemplates", "expects", and
similar expressions are intended to identify  forward-looking  statements.  Such
statements  are  subject to certain  risks and  uncertainties  which could cause
actual  results to differ  materially  from  those  projected.  Those  risks and
uncertainties  include  changes in interest  rates,  risks  associated  with the
ability to control costs and expenses,  and general economic conditions.  Eureka
Bank  undertakes no obligation to publicly  release the results of any revisions
to those  forward-looking  statements  which  may be made to  reflect  events or
circumstances   after  the  date  hereof  or  to  reflect  the   occurrence   of
unanticipated events.

         Eureka Financial Corp. (the "Company") is in the mutual holding ("MHC")
form of  organization.  The Company has outstanding  1,240,983  shares of common
stock,  of which 510,744 are owned by public  stockholders  and the remainder of
which  are  held by the  mutual  holding  company.  The  Company's  business  is
conducted  primarily  through  its  wholly-owned  subsidiary,  Eureka Bank ("the
Bank").  All references to the Company refer collectively to the Company and the
Bank.

CHANGES IN FINANCIAL CONDITION

          At  March  31,  2003,  the  Company's  assets  increased   $16,000  to
$79,282,000  from  $79,266,000  at  September  30,  2002.  At  March  31,  2003,
interest-bearing  deposits in banks  decreased by $649,000  and  mortgage-backed
securities   decreased   by   $604,000,   respectively,   from  the   comparable
classifications  at September 30, 2002.  Also,  at March 31, 2003,  cash and due
from  banks  decreased   $196,000,   FHLB  stock  decreased  $70,000  and  loans
receivable,  net decreased  $339,000,  from the  comparable  classifications  at
September 30, 2002.  These decreases at March 31, 2003, were partially offset by
an  increase  of $750,000  in  securities  held to  maturity  and an increase of
$984,000 in securities  available-for-sale  since September 30, 2002, as cash in
banks was used to fund the investment portfolio growth.

             At March 31, 2003, the Company's total  liabilities  decreased by a
total  of  $224,000  from  September  30,  2002.  This  decrease  was  primarily
attributed  to advances  from  borrowers  for taxes and insurance as $125,000 in
escrow was  disbursed  for taxes and  insurance,  and to a $100,000  decrease in
other liabilities.

         At  March  31,  2003,   stockholders'   equity  increased  $240,000  to
$19,381,000  from  $19,141,000 at September 30, 2002. The increase was primarily
reflected  by an increase of  $134,000 in retained  earnings  and an increase of
$67,000  in  additional  paid in  capital.  There was a  decrease  of $36,000 in
accumulated other comprehensive  income resulting from the fluctuation in market
value  of  the  Bank's   investment  in  available  for  sale   securities   and
mortgage-backed  securities.  Because of interest rate  volatility,  accumulated
other comprehensive  income and stockholders'  equity could materially fluctuate
for each  interim  period  and  year-end  period.  See  Note C to the  financial
statements.  Although the increase in net income increased  retained earnings by
$223,000,  this  increase was offset by dividends  paid to  stockholders  in the
amount of $89,000.

                                        8
<PAGE>

RESULTS OF OPERATIONS

Net Income.  Net income  increased  $4,000 to $223,000  for the three months and
$33,000 to $439,000 for the six months ended March 31, 2003,  from  $219,000 and
$406,000 for the  comparable  2002  periods.  The increase in net income for the
three and six month  periods was  primarily  attributable  to  decreases  in the
provision for loan losses and decreases in interest  expense over the comparable
three and six month  periods,  partially  offset by  increases  in  non-interest
expense.

Net Interest Income.  Net interest income increased  $48,000 to $763,000 for the
three months and $122,000 to $1,514,000 for the six months ended March 31, 2003,
from  $715,000  and  $1,392,000  for the  comparable  2002  periods.  Higher net
interest  income was  primarily  due to decreases  in interest  expense over the
comparable 2002 periods.

Interest Income.  Total interest income decreased  $23,000 to $1,175,000 for the
three months and $43,000 to  $2,369,000  for the six months ended March 31, 2003
as compared to $1,198,000 and $2,412,000  for the comparable  2002 periods.  The
decline in total  interest  income was primarily due to a decline in the average
yield  on   interest-earning   assets  even   though  the  average   balance  on
interest-earning assets increased. See "Average Balance Sheets" on page 10.

Interest  Expense.  Total interest expense decreased $70,000 to $413,000 for the
three  months and  $165,000 to $855,000 for the six months ended March 31, 2003,
from $483,000 and $1,020,000 for the  comparable  2002 periods.  The decrease in
total interest expense was primarily  related to a reduction in the average cost
of funds  despite an increase in the average  balance on deposits.  See "Average
Balance Sheets" on page 10.

Provision  for Loan Losses.  The  provision for loan losses for the three months
and six months ended March 31,  2003,  was $0 and $0  respectively,  compared to
$20,000  and $31,000  for the  comparable  2003  periods.  Management  regularly
performs  an  analysis  to  identify  the  inherent  risks  of loss in its  loan
portfolio.  This analysis includes evaluations of concentrations of credit, past
loss experience, current economic conditions, amount and composition of the loan
portfolio   (including  loans  being  specifically   monitored  by  management),
estimated fair value of underlying  collateral,  loan  commitments  outstanding,
delinquencies and other information available at such time. However, there is no
assurance that further additions will not be made to the allowance and that such
losses will not exceed the estimated amounts.

Other Expense.  Total non-interest  expense increased by $78,000 to $514,000 for
the three months and $140,000 to  $1,017,000  for the six months ended March 31,
2003,  from  $436,000  and  $877,000  for  the  comparable  2002  periods.  ESOP
contribution  expense  increased  $14,000 to $46,000 for the three  months ended
March 31, 2003,  from $32,000 for the  comparable  2002 period,  due to a higher
market  value of the  stock.  ESOP  contribution  expense  decreased  $15,000 to
$82,000 for the six month  period  ended March 31,  2003,  from  $97,000 for the
comparable 2002 period, due to an extra $25,000 payment made in the 2002 period.
Salaries  and benefits  increased  $53,000 for the three months and $103,000 for
the six months ended March 31, 2003,  due to  contributions  to the pension plan
and  expenses  related  to  normal  salary  increases  and  increased   expenses
associated with benefit plans.  Legal and accounting  expenses increased $11,000
to $44,000 for the three  months and $23,000 to $88,000 for the six months ended
March 31, 2003, from $33,000 and $65,000 for the comparable 2002 periods.  These
increases  can  be  attributed  to  the  costs   associated  with  the  mid-tier
reorganization.

                                        9
<PAGE>
EUREKA FINANCIAL CORP. AND SUBSIDIARY
AVERAGE BALANCE SHEETS
MARCH 31, 2003 AND 2002

<TABLE>
<CAPTION>
                                        For the Three Months Ended March 31,                For the Six Months Ended March 31,
                                   ------------------------------------------------  -----------------------------------------------
                 At March 31, 2003         2003                      2002                     2003                    2002
                 ----------------- -----------------------  -----------------------  ----------------------  -----------------------
                          Actual                    Average                 Average                 Average                  Average
                   Actual Yield/   Average           Yield/ Average          Yield/  Average         Yield/  Average          Yield/
                   Balance  Cost   Balance Interest   Cost  Balance Interest  Cost   Balance Interest Cost   Balance Interest Cost
                   -------  ----   ------- --------   ----  ------- --------  ----   ------- -------- ----   ---------------------
                  (Dollars in thousands)
<S>               <C>      <C>    <C>     <C>      <C>     <C>     <C>     <C>      <C>      <C>    <C>      <C>     <C>    <C>
Interest-
earning assets:
Loans receivable   $51,803  6.80%  $52,774 $   912    6.91% $52,522 $  967    7.36%  $52,400  $1,852   7.07%  $51,683 $1,928   7.46%
Investments
  securities        24,904  4.22%   24,565     263    4.28%  21,405    231    4.32%   24,593     517   4.20%   22,118    484   4.38%
                   -------         ---------------          --------------           ---------------         ---------------
   Total
     interest-
     earning
     assets         76,707  5.96%   77,339   1,175    6.08%  73,927  1,198    6.48%   76,993   2,369   6.15%   73,801  2,412   6.54%
                                           -------                  ------                   -------                  ------
Non-interest
  earning assets     2,575           2,163                    2,181                    2,116                    2,097
                   -------         -------                  -------                  -------                  -------
   Total Assets    $79,282         $79,502                  $76,108                  $79,109                  $75,898
                   =======         =======                  =======                  =======                  =======
Interest-bearing
liabilities:
  Interest-
  bearing
  deposits:
    NOW accounts   $ 4,681  1.51%  $ 4,554      17    1.49% $ 3,514     18    2.05%  $ 4,546      34   1.50%  $ 4,854     35   1.44%
    Passbook and
      club accts    18,984  2.02%   18,733      91    1.94%  17,428     97    2.23%   18,194     185   2.03%   17,206    204   2.37%
    IRA accounts     2,405  4.38%    2,392      28    4.68%   2,038     26    5.10%    2,383      57   4.78%    1,989     54   5.43%
    Certificates
      of deposit    30,017  3.44%   29,343     261    3.56%  29,833    326    4.37%   29,808     547   3.67%   29,941    692   4.62%
    Other
      liabilities    1,122  5.45%    1,137      16    5.63%   1,208     17    5.63%    1,147      32   5.58%    1,226     35   5.71%
                   -------         ---------------          --------------           ---------------          --------------
       Total
        interest-
        bearing
        liabilities 57,209  2.89%   56,159     413    2.94%  54,021    484    3.58%   56,078     855   3.05%   55,216   1,020  3.69%
                                            ------                  ------                    ------                  ------
Non-interest-
  bearing
  liabilities        2,692           3,985                    3,279                    3,725                    1,925
                   -------         -------                  -------                  -------                   ------
       Total
        Liabilities 59,901          60,144                   57,300                   59,803                   57,141
Retained earnings   19,381          19,358                   18,808                   19,306                   18,757
                   -------         -------                  -------                  -------                  -------
       Total
        Liabilities
        and
        Retained
        Earnings   $79,282         $79,502                  $76,108                  $79,109                  $75,898
                   =======         =======                  =======                  =======                  =======

Net interest
  income                                      $762                    $714                    $1,514                  $1,392
                                              ====                    ====                    ======                  ======
Interest rate
  spread                                              3.14%                   2.90%                    3.10%                   2.84%
                                                    ======                  ======                   ======                  ======
Net yield on
  interest-
  earning
  assets                                              3.94%                   3.86%                    3.93%                   3.77%
                                                    ======                  ======                   ======                  =======
Ratio of average
  interest-earning
  assets to
  average interest-
  bearing
  liabilities                                       137.71%                 136.85%                  137.30%                 133.66%
                                                    ======                  ======                   ======                  ======
</TABLE>

                                       10
<PAGE>

Rate/Volume Analysis

     The following  table presents the extent to which changes in interest rates
and  changes  in the  volume of  interest-earning  assets  and  interest-bearing
liabilities  have affected our interest  income and interest  expense during the
periods indicated. Information is provided in each category with respect to: (i)
changes attributable to changes in volume (changes in volume multiplied by prior
rate); (ii) changes  attributable to changes in rate (changes in rate multiplied
by prior  volume);  and (iii)  changes  attributable  to the combined  impact of
volume and rate changes (changes in rate multiplied by change in volume).

<TABLE>
<CAPTION>
                                            Three-Month Period Ended March 31,        Six-Month Period Ended March 31,
                                                      2003 vs. 2002                            2003 vs. 2002
                                                   Increase (Decrease)                     Increase (Decrease)
                                                         Due to                                  Due to
                                          Volume      Rate    Rate/Volume  Total   Volume     Rate   Rate/Volume    Total
                                          ------      ----    -----------  -----   ------     ----   -----------    -----
                                                       (In thousands)                         (In thousands)
<S>                                      <C>        <C>         <C>       <C>     <C>        <C>        <C>       <C>
Interest Income:
Loans receivable                             5        (59)        (1)       (55)     27       (101)        (2)       (76)
Investment securities                       34         (2)         0         32      54        (19)        (2)        33
                                          ---------------------------------------   ------------------------------------
     Total interest-earning assets          39        (61)        (1)       (23)     81       (120)        (4)       (43)
                                          ---------------------------------------   ------------------------------------

Interest Expense:
NOW accounts                                 5         (5)        (1)        (1)     (2)         1          0         (1)
Passbook & club accounts                     7        (12)        (1)        (6)     12        (29)        (2)       (19)
Money market accounts                        5         (2)        (1)         2      10         (5)        (2)         3
Certificates of deposit                     (5)       (61)         1        (65)     (3)      (143)         1       (145)
Other liabilities                           (1)         0          0         (1)     (2)        (1)         0         (3)
                                          ---------------------------------------   ------------------------------------
     Total interest-bearing liabilities     11        (80)        (2)       (71)     15       (177)        (3)      (165)
                                          ---------------------------------------   ------------------------------------

Net change in interest income               28         19          1         48      66         57         (1)       122
                                          =======================================   ====================================
</TABLE>

                                       11
<PAGE>

THE COMPANY EXCEEDED ALL OF ITS CAPITAL REQUIREMENTS AT MARCH 31, 2003.
THE COMPANY HAD THE  FOLLOWING CAPITAL RATIOS AT MARCH 31, 2003:

<TABLE>
<CAPTION>
                                                     For Capital        Categorized as
                                  Actual          Adequacy Purposes   "Well Capitallized"
                                  ------          -----------------   -------------------
                            Amount      Ratio     Amount     Ratio     Amount      Ratio
                            ------      -----     ------     -----     ------      -----
<S>                      <C>          <C>      <C>          <C>     <C>          <C>
As of March 31, 2003:
Total Capital
   (To risk weighted
     assets)               $19,313      39.87%   $ 3,875      8.00%   $ 4,844      10.00%
Tier I Capital
   (To risk weighted
     assets)               $17,781      36.71%   $ 1,937      4.00%   $ 2,906       6.00%

Tier I Capital
  (To total assets)        $17,781      23.18%   $ 2,302      3.00%   $ 3,836       5.00%

Tangible Capital
   (To total assets)       $17,781      23.18%   $ 1,151      1.50%   $ 3,836       5.00%

</TABLE>


CONTROLS AND PROCEDURES
-----------------------

(a)      Evaluation  of  disclosure  controls  and  procedures.  Based  on their
         -----------------------------------------------------
         evaluation  as of a date  within  90  days of the  filing  date of this
         quarterly report on Form 10-QSB, the Registrant's  principal  executive
         officer  and  principal  financial  officer  have  concluded  that  the
         Registrant's  disclosure  controls and  procedures (as defined in Rules
         13a-14(c) and 15d-14(c) under the Securities  Exchange Act of 1934 (the
         Exchange Act)) are effective to ensure that information  required to be
         disclosed by the Company in reports that it files or submits  under the
         Exchange Act is recorded, processed, summarized and reported within the
         time periods specified in Securities and Exchange  Commission rules and
         forms.

         (b) Changes in internal controls.  There were no significant changes in
             ----------------------------
         the  Registrant's  internal  controls  or in other  factors  that could
         significantly  affect these  controls  subsequent  to the date of their
         evaluation, including any corrective actions with regard to significant
         deficiencies and material weaknesses.

                                       12

<PAGE>

Part II           OTHER INFORMATION
-------           -----------------

Item 1.  Legal Proceedings

                  From time to time, the Company may be a party to various legal
                  proceedings incident to its business. At March 31, 2003, there
                  were no legal proceedings to which the Company was a party, or
                  to  which  any of  their  property  was  subject,  which  were
                  expected by management to result in a material loss.

Item 2.  Changes in Securities

                  Not Applicable

Item 3.  Defaults Upon Senior Securities

                  Not Applicable

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

                  The Annual  Meeting of  Shareholders  was held on January  27,
                  2003 and the following matters were voted upon:

                  Proposal I -  Election  of  directors  with terms to expire in
2006.

                                       FOR       WITHHELD
                                       ---       --------

                  Mark B. Devlin    1,169,541     1,300
                  Paul M. Matvey    1,169,541     1,300

                  Proposal  II  --  Approval  of  the   Agreement  and  Plan  of
                  Reorganization to Form a Mid-Tier Stock Holding Company.

                                       FOR       AGAINST     ABSTAIN
                                       ---       -------     -------

                                    1,079,240     3,700       2,775

                  Proposal  III --  Ratification  of  Edwards,  Sauer & Owens as
                  independent accountants for the 2003 fiscal year.

                                       FOR       AGAINST     ABSTAIN
                                       ---       -------     -------

                                    1,169,241     1,500         100

Item 5.  Other Information

                  Not Applicable

Item 6.  Exhibits and Reports on Form 8-K

(a)  3(i)  Articles of Incorporation*

     3(ii) Bylaws*

(b)  Reports on Form 8-K

(1)  A Form 8-K 12G3  was filed on  April 1, 2003  pursuant  to items 2 and 7 to
     register the common stock of the Company by succession.
(2)  An amended Form 8-K/A was filed on April 25, 2003 pursuant to items 2 and 7
     filing the Registrant's financial statements with the Commission.
(3)  A Form 8-K was filed on May 1, 2003  pursuant to items 7 and 12  announcing
     earnings for the quarter ended March 31, 2003.
----------

*    Incorporated by reference to the identically numbered Exhibit on
     Form 8-K12G3 filed on April 1, 2003.

                                       13
<PAGE>

                                   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.

                                     EUREKA FINANCIAL CORP.



Date:  May 13, 2003                  By:   /s/Edward F. Seserko
                                           -------------------------------------
                                           Edward F. Seserko
                                           President and Chief Executive Officer




Date:  May 13, 2003                  By:   /s/Gary B. Pepper
                                           -------------------------------------
                                           Gary B. Pepper
                                           Executive Vice President and Chief
                                             Financial Officer



<PAGE>

                            SECTION 302 CERTIFICATION


     I, Edward F. Seserko, President and Chief Executive Officer, certify that:

1.   I have reviewed this  quarterly  report on Form 10-QSB of Eureka  Financial
     Corp.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     (a)  designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     (b)  evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     (c)  presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     (b)  any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and



<PAGE>



6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly  report  whether  there  were  significant  changes  in  internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



Date:  May 13, 2003                        /s/Edward F. Seserko
                                           -------------------------------------
                                           Edward F. Seserko
                                           President and Chief Executive Officer



<PAGE>

                            SECTION 302 CERTIFICATION


     I, Gary B. Pepper, Executive Vice  President  and  Chief Financial Officer,
certify that:

1.   I have reviewed this  quarterly  report on Form 10-QSB of Eureka  Financial
     Corp.;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     (a)  designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     (b)  evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     (c)  presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent functions):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     (b)  any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and


<PAGE>

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly  report  whether  there  were  significant  changes  in  internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



Date:  May 13, 2003         /s/Gary B. Pepper
                            ----------------------------------------------------
                            Gary B. Pepper
                            Executive Vice President and Chief Financial Officer