U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  FORM 10-QSB

(Mark  One)
[  X  ]     QUARTERLY  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE
            SECURITIES  EXCHANGE  ACT  OF  1934  FOR  THE  QUARTERLY  PERIOD
            ENDED  SEPTEMBER  30,  2001

[    ]     TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE SECURITIES
           EXCHANGE  ACT  OF  1934  FOR  THE  TRANSITION  PERIOD  FROM
           _________  TO  __________

                        COMMISSION FILE NUMBER - 0-21809
                         HOME CITY FINANCIAL CORPORATION
           -----------------------------------------------------------
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

             OHIO                                    34-1839475
             ----                                    ----------
(STATE  OR  OTHER  JURISDICTION  OF     (I.R.S.  EMPLOYER  IDENTIFICATION  NO.)
INCORPORATION  OR  ORGANIZATION)

2454  N.  Limestone  Street
Springfield,  Ohio                                           45503
------------------                                           -----
(ADDRESS  OF  PRINCIPAL  EXECUTIVE  OFFICES)           (ZIP  CODE)

                                 (937) 390-0470
                                 --------------
                           (ISSUER'S TELEPHONE NUMBER)

                  63 West Main Street, Springfield, Ohio  45502
                  ---------------------------------------------
                          (FORMER ADDRESS LAST REPORT)


As  of  November  6, 2001, 784,400 common shares of stock of the Registrant were
outstanding.  There  were  no  preferred  shares  outstanding.

<PAGE>
                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                                   FORM 10-QSB
                                      INDEX
                                                                  Page  Number

PART  I  FINANCIAL  INFORMATION

ITEM
1.  Financial  Statements  (Unaudited)

    Consolidated  balance  sheets                                           3
      September  30,  2001,  and  December  31,  2000

    Consolidated  statements  of  income                                    4
      Three  and  nine  months  ended  September  30,  2001  and  2000

    Consolidated  statements  of  changes  in                               5
      shareholders'  equity  Nine  months  ended  September  30,
      2001

    Consolidated  statements  of  cash  flows                               6
       Nine  months  ended  September  30,  2001  and  2000

     Notes  to  consolidated  financial                                     7
       statements   September  30,  2001,  and  December  31,  2000

2.  Management's  Discussion  and  Analysis  of  Financial  Condition
      and  Results  of  Operations                                         12

PART  II  OTHER  INFORMATION

ITEM
1.  Legal  Proceedings                                                     18

2.  Changes  in  Securities  and  Use  of  Proceeds                        18

3.  Defaults  upon  Senior  Securities                                     18

4.  Submission  of  Matters  to  a Vote of Security Holders                18

5.  Other  Information                                                     18

6.  Exhibits  and  Reports  on  Form  8-K                                  18

    Signatures                                                             19

<TABLE>
<CAPTION>

                        HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                          CONSOLIDATED BALANCE SHEETS
---------------------------------------------------------------------------------
                                                       (Dollars in thousands)
                                                   (Unaudited)
                                                   -----------
                                               At September 30,     At December 31,
                                               ---------------      ---------------
                                                           2001                2000
                                                           ----                ----


<S>                                                           <C>        <C>
ASSETS
Cash and cash equivalents
 Cash and due from banks . . . . . . . . . . . . . . . . . .  $  2,431   $  1,248
 Interest-bearing demand deposits in other banks . . . . . .     1,720         72
 Federal funds sold. . . . . . . . . . . . . . . . . . . . .     2,352        273
                                                              ---------  ---------
   Total cash and cash equivalents . . . . . . . . . . . . .     6,503      1,593

Time deposits with original maturities of 90 days or more. .        24         24
Investment securities available-for-sale, at fair value. . .     3,797      3,619
Mortgage-backed securities available-for-sale, at fair value     8,959      1,460
Loans, net . . . . . . . . . . . . . . . . . . . . . . . . .   115,189    110,945
Stock in Federal Home Loan Bank. . . . . . . . . . . . . . .     2,051      1,779
Accrued interest receivable. . . . . . . . . . . . . . . . .       730        670
Properties and equipment . . . . . . . . . . . . . . . . . .     4,344      2,281
Cash surrender value of life insurance . . . . . . . . . . .     2,661      1,073
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . .        67         70
Other intangibles. . . . . . . . . . . . . . . . . . . . . .       319        343
Deferred income taxes. . . . . . . . . . . . . . . . . . . .       226          0
Other assets . . . . . . . . . . . . . . . . . . . . . . . .       164        588
                                                              ---------  ---------
 TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . .  $145,034   $123,445
                                                              =========  =========

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 95,585   $ 75,077
Federal Home Loan Bank Advances. . . . . . . . . . . . . . .    35,416     34,951
Note payable . . . . . . . . . . . . . . . . . . . . . . . .       309        313
Accrued interest payable . . . . . . . . . . . . . . . . . .       243        227
Advance payments by borrowers for taxes and insurance. . . .        78        144
Deferred income taxes. . . . . . . . . . . . . . . . . . . .         0        127
Other liabilities. . . . . . . . . . . . . . . . . . . . . .     1,664        800
                                                              ---------  ---------

 TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . .   133,295    111,639

SHAREHOLDERS' EQUITY
Preferred shares, no par value; 1,000,000 shares
 authorized; none issued . . . . . . . . . . . . . . . . . .         0          0
Common shares, no par value; 5,000,000 shares
 authorized; 952,200 shares issued . . . . . . . . . . . . .         0          0
Additional paid-in capital . . . . . . . . . . . . . . . . .     6,026      6,026
Retained earnings, substantially restricted. . . . . . . . .     8,312      7,934
Treasury shares, at cost . . . . . . . . . . . . . . . . . .    (2,183)    (1,886)
Accumulated other comprehensive income . . . . . . . . . . .       293        449
Common shares purchased by:
 Employee Stock Ownership Plan . . . . . . . . . . . . . . .      (457)      (457)
 Recognition and Retention Plan. . . . . . . . . . . . . . .      (252)      (260)
                                                              ---------  ---------

 TOTAL SHAREHOLDERS' EQUITY. . . . . . . . . . . . . . . . .    11,739     11,806
                                                              ---------  ---------

 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY. . . . . . . . .  $145,034   $123,445
                                                              =========  =========
</TABLE>


-----------------------
See accompanying notes.

<PAGE>

<TABLE>
<CAPTION>


                                      HOME CITY FINANCIAL CORPORATION
                                             SPRINGFIELD, OHIO
                                     CONSOLIDATED STATEMENTS OF INCOME

(Dollars  in  thousands)


                                          (Unaudited)       (Unaudited)      (Unaudited)      (Unaudited)
                                                             3 Months         9 Months         9 Months
                                         3 Months Ended        Ended            Ended            Ended
                                         September 30,     September 30,    September 30,    September 30,
                                        ----------------  ---------------  ---------------  ---------------
                                              2001             2000             2001             2000
                                        ----------------  ---------------  ---------------  ---------------

<S>                                     <C>               <C>              <C>              <C>
INTEREST INCOME
Loans. . . . . . . . . . . . . . . . .  $  2,398           $  2,285         $  7,385         $  6,710
Mortgage-backed securities . . . . . .        39                  6               82               18
Investment securities. . . . . . . . .        82                 74              233              212
Interest-bearing demand deposits . . .         2                  3                8               12
Federal funds sold . . . . . . . . . .        37                  4               60                4
                                       ---------           --------         --------         --------

    TOTAL INTEREST INCOME. . . . . . .     2,558              2,372             7,768           6,956

INTEREST EXPENSE
Deposits . . . . . . . . . . . . . . .     1,178              1,013             3,391           2,869
Borrowed funds . . . . . . . . . . . .       501                482             1,592           1,271
                                       ---------           --------         ---------        --------

    TOTAL INTEREST EXPENSE . . . . . .     1,679              1,495             4,983           4,140
                                       ---------           --------         ---------        ---------

    NET INTEREST INCOME. . . . . . . .       879                877             2,785           2,816
Provision for loan losses. . . . . . .         0                 15                20              40
                                       ---------           --------         ---------        --------

    NET INTEREST INCOME AFTER
        PROVISION FOR LOAN LOSSES. . .       879                862             2,765           2,776

NONINTEREST INCOME
Service charges on deposits. . . . . .         8                  4                22              12
Life insurance . . . . . . . . . . .          39                 18                93              69
Gain (loss) on sale of securities, net       122                 (2)              256              (2)
Other income . . . . . . . . . . . . .       124                 16               335              43
                                       ---------           --------         ---------        --------

    TOTAL NONINTEREST INCOME . . . . .       293                 36               706             122
                                       ---------           --------         ---------        --------

NONINTEREST EXPENSES
Salaries and employee benefits . . . .       491                282             1,457             941
Supplies, telephone and postage. . . .        49                 21               128              75
Occupancy and equipment. . . . . . . .       122                 55               264             150
FDIC deposit insurance . . . . . . . .         4                  4                11              11
Data processing. . . . . . . . . . . .        61                 36               164             115
Legal, accounting and examination. . .        59                 96               215             259
Franchise taxes. . . . . . . . . . . .        36                 29               108             109
Other expenses . . . . . . . . . . . .       149                 91               361             267
                                       ---------           --------         ---------        --------

    TOTAL NONINTEREST EXPENSES . . . .       971                614             2,708           1,927
                                       ---------           --------         ---------       ---------

    NET INCOME BEFORE FEDERAL
        INCOME TAX EXPENSE . . . . . .       201                284               763             971
Federal income tax expense . . . . . .        15                 79               120             277
                                       ---------           --------         ---------       ---------

    NET INCOME . . . . . . . . . . . .  $    186           $    205          $    643        $    694
                                        ========           ========          ========        ========
Earnings per common share - basic. . .  $   0.25           $   0.27          $   0.86        $   0.92
Earnings per common share - diluted. .  $   0.23           $   0.25          $   0.80        $   0.84
</TABLE>


-------------------------
See  accompanying  notes.

<PAGE>

<TABLE>
<CAPTION>


HOME  CITY  FINANCIAL  CORPORATION
                                                       SPRINGFIELD, OHIO
                                  CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

                                      Number  of  shares                                            (Dollars  in  thousands)

                                                                                                                  Amounts
                                                                                                                  Accumulated
                                                     Common      Common                                              other
                                                     shares      shares     Additional                              compre-
                               Common   Treasury   purchased   purchased     paid-in      Retained    Treasury      hensive
                               shares    shares     by ESOP      by RRP      capital      earnings     shares       income
                               -------  ---------  ----------  ----------  ------------  ----------  ----------  -------------

<S>                            <C>      <C>        <C>         <C>         <C>           <C>         <C>         <C>
December 31, 1999 . . . . . .  952,200  (108,810)    (53,322)    (16,780)  $     6,033   $   7,288   $  (1,516)  $        309

Net income                                                                                     994
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $72                                                                                                               140

Comprehensive income

Purchase of treasury shares              (29,390)                                                         (370)
Shares allocated under
 Employee Stock
 Ownership Plan                                        7,618
Shares earned under
 Recognition and
 Retention Plan                                                    6,022            (7)
Dividends declared
 ($.425 per share)                                                                            (348)
                              --------  ---------    -------     -------   ----------    ---------   ---------   -------------
Balance at December 31, 2000.  952,200  (138,200)    (45,704)    (10,758)  $     6,026   $   7,934   $  (1,886)  $        449

Net income                                                                                     643
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $(80)                                                                                                            (156)

Comprehensive income

Purchase of treasury shares              (23,100)                                                         (297)
Shares earned under
 Recognition and
 Retention Plan                                                      500
Dividends declared
 ($.33 per share)                                                                             (265)
                                                                                         ----------
September 30, 2001. . . . . .  952,200  (161,300)    (45,704)    (10,258)  $     6,026   $   8,312   $  (2,183)  $        293
                               =======  =========  ==========  ==========  ============  ==========  ==========  =============


                                 Common       Common
                                 shares       shares      Compre-
                                purchased    purchased    hensive
                                 by ESOP      by rrp      income
                               -----------  -----------  -------

<S>                            <C>          <C>          <C>
December 31, 1999 . . . . . .  $     (533)  $     (365)

Net income                                               $    994
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $72                                                   140
                                                         ---------
Comprehensive income                                     $  1,134
                                                         =========
Purchase of treasury shares
Shares allocated under
 Employee Stock
 Ownership Plan . . . . . . .          76
Shares earned under
 Recognition and
 Retention Plan                                    105
Dividends declared
 ($.425 per share)             ----------   -----------

Balance at December 31, 2000.  $     (457)  $     (260)

Net income                                               $    643
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $(80)                                                (156)
                                                         ---------
Comprehensive income                                     $    487
                                                         =========
Purchase of treasury shares
Shares earned under
 Recognition and
 Retention Plan                                      8
Dividends declared
 ($.33 per share)

September 30, 2001. . . . . .  $     (457)  $     (252)
                               ===========  ===========
</TABLE>


-------------------------
See  accompanying  notes.
<TABLE>
<CAPTION>


                             HOME CITY FINANCIAL CORPORATION
                                    SPRINGFIELD, OHIO
                          CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    (Dollars in thousands)
                                          (Unaudited)
                                  9 Months Ended     9 Months
                                                                     Ended             Ended
                                                                     September 30,     September 30,
                                                                     -------------     ------------
                                                                     2001              2000
                                                                     ----              ----

<S>                                                                 <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $    643          $    694
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Premium amortization, net of discount accretion. . . . . . . . .        24                12
   Provision for loan losses. . . . . . . . . . . . . . . . . . . .        20                40
   (Gain) loss on sale of securities. . . . . . . . . . . . . . . .      (256)                2
   Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . .        90                57
   Amortization of goodwill and intangibles . . . . . . . . . . . .        41                 0
   Deferred income taxes. . . . . . . . . . . . . . . . . . . . . .      (380)               28
   Life insurance income, net of expenses . . . . . . . . . . . . .       (78)              (41)
   Employee Stock Ownership Plan compensation expense . . . . . . .        96                96
   Recognition and Retention Plan compensation expense. . . . . . .        68                66
   FHLB stock dividends . . . . . . . . . . . . . . . . . . . . . .      (105)              (79)
   Proceeds from sales of loans . . . . . . . . . . . . . . . . . .         0               317
   Net change in:
     Accrued interest receivable. . . . . . . . . . . . . . . . . .       (60)             (166)
     Accrued interest payable . . . . . . . . . . . . . . . . . . .        16                46
     Other assets . . . . . . . . . . . . . . . . . . . . . . . . .       424              (154)
     Other liabilities. . . . . . . . . . . . . . . . . . . . . . .       864                90
                                                                     ---------         ---------
 NET CASH PROVIDED BY OPERATING ACTIVITIES. . . . . . . . . . . . .     1,407             1,008
                                                                     ---------         ---------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale . . . . . . . . . . . . .    (2,617)             (893)
Proceeds from sales of securities available-for-sale. . . . . . . .     1,938               398
Proceeds from maturities of securities available-for-sale . . . . .       400                20
Purchase of mortgage-backed securities available-for-sale . . . . .    (8,633)                0
Collections on mortgage-backed securities available-for-sale. . . .       174                67
Purchase of additional BOLI . . . . . . . . . . . . . . . . . . . .    (1,510)                0
Net increase in loans . . . . . . . . . . . . . . . . . . . . . . .    (4,264)          (11,397)
Purchases of properties and equipment . . . . . . . . . . . . . . .    (2,153)             (735)
Purchase of FHLB stock. . . . . . . . . . . . . . . . . . . . . . .      (167)             (198)
                                                                     ---------         ---------
 NET CASH USED IN INVESTING ACTIVITIES. . . . . . . . . . . . . . .   (16,832)          (12,738)
                                                                     ---------         ---------

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits. . . . . . . . . . . . . . . . . . . . . .    20,508             4,942
Net increase (decrease) in short-term FHLB advances . . . . . . . .    (4,700)            4,300
Proceeds from new long-term FHLB advances . . . . . . . . . . . . .    11,000             2,225
Payments on long-term FHLB advances . . . . . . . . . . . . . . . .    (5,835)             (370)
Net change in advance payments by borrowers for taxes and insurance       (66)              (21)
Proceeds from notes payable . . . . . . . . . . . . . . . . . . . .         0                50
Payments on notes payable . . . . . . . . . . . . . . . . . . . . .       (18)              (50)
Distribution of common shares by Recognition and Retention Plan . .         8                 9
Purchase of treasury shares . . . . . . . . . . . . . . . . . . . .      (297)             (346)
Cash dividends paid . . . . . . . . . . . . . . . . . . . . . . . .      (265)             (258)
                                                                     ---------         ---------
 NET CASH PROVIDED BY FINANCING ACTIVITIES. . . . . . . . . . . . .    20,335            10,481
                                                                     ---------         ---------

 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS . . . . . . .     4,910            (1,249)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD. . . . . . . . . .     1,593             3,483
                                                                     ---------         ---------

CASH AND CASH EQUIVALENTS AT END OF PERIOD. . . . . . . . . . . . .  $  6,503          $  2,234
                                                                     =========         =========
</TABLE>
-----------------------
See accompanying notes.

<PAGE>

                         HOME CITY FINANCIAL CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                    SEPTEMBER 30, 2001 AND DECEMBER 31, 2000

                                   (UNAUDITED)



NOTE  1.     BASIS  OF  PRESENTATION

In  the opinion of Management, the accompanying unaudited consolidated financial
statements  contain  all  adjustments  necessary for a fair presentation of Home
City  Financial  Corporation's  ("Company"  or  "HCFC") financial position as of
September  30,  2001,  and  December  31,  2000, and the consolidated results of
operations  for  the three and nine months ended September 30, 2001 and 2000 and
the  cash  flows for the nine months ended September 30, 2001 and 2000.  Certain
information  and  note  disclosures  normally  included  in financial statements
prepared  in  accordance  with generally accepted accounting principles ("GAAP")
have  been  omitted  pursuant to the rules and regulations of the Securities and
Exchange  Commission.  It  is  suggested  that  these  consolidated  financial
statements be read in conjunction with the consolidated financial statements and
notes  thereto  included  in  the  Company's  Annual Report on Form 10-KSB.  The
results  of  operations  for the three and nine months ended September 30, 2001,
are  not  necessarily  indicative  of  the results which may be expected for the
entire  fiscal  year.

NOTE  2.     ALLOWANCE  FOR  LOAN  LOSSES

Activity  in  the  allowance  for  loan  losses  is  summarized  as  follows:


<TABLE>
<CAPTION>


                                     (Dollars in thousands)

                                    Nine
                                Months Ended     Year Ended
                                September 30,   December 31,
                                    2001             2000
                               ---------------  --------------
<S>                                <C>          <C>
Balance, beginning of period.       $  532      $  491
Provision for loan losses . .           20         110
Charge-offs . . . . . . . . .          (49)        (69)
Recoveries. . . . . . . . . .           17           0
                                   -------      -------

Balance, end of period. . . .       $   520     $  532
                                   =======      =======
</TABLE>

NOTE  3.     ADVANCES  FROM  FEDERAL  HOME  LOAN  BANK

Borrowings  at  September  30,  2001,  consisted  of  one short-term advance and
twenty-two  long-term advances totaling $35.4 million from the Federal Home Loan
Bank  of  Cincinnati ("FHLB").  The advances are collateralized by all shares of
FHLB  stock  owned by the Home City Federal Savings Bank of Springfield ("Bank")
and  by  the  Bank's  qualified  mortgage  loan  portfolio.


Scheduled  maturities  of  advances  from  the  FHLB  were  as  follows:


<TABLE>
<CAPTION>


(Dollars  in  thousands)
At  September  30,  2001  At  December  31,  2000



                          Range of       Weighted-                Range of       Weighted-
                          interest        average                 interest        average
               Amount       rates      interest rate   Amount       rates      interest rate
               -------  -------------  --------------  -------  -------------  --------------
<S>            <C>      <C>            <C>             <C>      <C>            <C>
Due within
one year. . .  $     6          6.30%           6.30%  $ 4,761  6.30% - 6.75%           6.67%

After one but
within five
years . . . .  $ 1,993   3.37%- 8.35%           6.04%  $ 3,649  6.05% - 8.35%           6.97%

After five
years . . . .  $33,417  3.30% - 7.28%           5.70%  $26,541  3.30% - 7.28%           6.12%

</TABLE>

NOTE  4.     REGULATORY  CAPITAL

The  following  table  illustrates  the  compliance  by  the Bank with currently
applicable  regulatory  capital  requirements  at  September  30,  2001.

<TABLE>
<CAPTION>


(Dollars  in  thousands)

                                                                                 To be
                                                                                 Categorized as "Well
                                                                                 Capitalized" Under
                                                        For Capital              Prompt Corrective
                                   Actual               Adequacy Purposes        Action Provisions
                           ------------------------     -----------------        -----------------

                           Amount      Ratio            Amount     Ratio         Amount   Ratio
                           -------     ------           -------    ------        -------  ------
<S>                        <C>        <C>              <C>        <C>           <C>       <C>
Total Risk-Based Capital
(To Risk-Weighted Assets)  $11,752     12.2%            $ 7,721    8.0%          $ 9,651   10.0%

Tier I Capital
(To Risk-Weighted Assets)  $11,034     11.4%            N/A        N/A           $ 5,791    6.0%

Tier I Capital
(To Total Assets) . . . .  $11,034      7.6%            $ 5,793    4.0%*         $ 7,242    5.0%

Tangible Capital
(To Total Assets) . . . .  $11,034      7.6%            $ 2,173    1.5%          N/A         N/A

</TABLE>

*Although  the  general required minimum is 4%, savings associations
 that meet certain  requirements  may  be  permitted  to maintain
 minimum tier I capital to adjusted  total  assets  of  3%.

NOTE  5.     EARNINGS  PER  SHARE

Earnings per share ("EPS") is computed in accordance with Statement of Financial
Accounting  Standards  ("SFAS") No. 128, "Earnings per Share", which was adopted
by  HCFC  as of December 31, 1997.  Common stock equivalents include shares held
by  the  Company's Employee Stock Ownership Plan ("ESOP") that are committed for
release,  shares  awarded  but  not released under the Company's Recognition and
Retention  Plan  ("RRP"),  and stock options granted under the Stock Option Plan
("SOP").  Following  is  a  reconciliation of the numerators and denominators of
the  basic  and  diluted  EPS  calculations.



<TABLE>
<CAPTION>


                                                             For the Three Months Ended
                                                             --------------------------
                                                                  September 30, 2001
                                                                  ------------------

                                                                          Weighted-
                                                                          Average                  Per
                                                    Income                Shares                   Share
                                                    (Numerator)           (Denominator)            Amount
                                                    -----------           -------------            ------
<S>                                                <C>                   <C>                      <C>
Basic EPS
 Income available to common shareholders .          $  186,534            741,101                  $  0.25

Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .                   0             10,258
 ESOP shares . . . . . . . . . . . . . . .                   0             45,704
 Stock options . . . . . . . . . . . . . .                   0             10,935
                                                    ----------            -------

Diluted EPS
 Income available to common shareholders +
   assumed conversions . . . . . . . . . .          $  186,534            807,998                  $  0.23

                                                              For the Three Months Ended
                                                              --------------------------

                                                                  September 30, 2000
                                                             ----------------------------

                                                                          Weighted-
                                                                          average                  Per
                                                    Income                Shares                   Share
                                                    (Numerator)           (Denominator)            Amount
                                                    ----------            -------------            ------
Basic EPS
 Income available to common shareholders .          $  205,259            746,898                  $  0.27

Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .                   0             16,280
 ESOP shares . . . . . . . . . . . . . . .                   0             53,322
 Stock options*. . . . . . . . . . . . . .                   0                  0
                                                    ----------            -------

Diluted EPS
 Income available to common shareholders +          $  205,259            816,500                  $  0.25
   assumed conversions
</TABLE>

*Because  the  exercise  prices  of  the options exceed the fair
 market value at September  30,  2000,  the  shares subject to
 options are not included in calculating diluted earnings per share.

<TABLE>
<CAPTION>
                                                              For the Nine Months Ended
                                                              -------------------------
                                                                  September 30, 2001
                                                                  ------------------
                                                                          Weighted-
                                                                          average                  Per
                                                    Income                Shares                   Share
                                                    (Numerator)           (Denominator)            Amount
                                                    ----------            -------------            ------
<S>                                                <C>                   <C>                      <C>
Basic EPS
 Income available to common shareholders .          $  643,139            750,077                  $  0.86

Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .                   0             10,350
 ESOP shares . . . . . . . . . . . . . . .                   0             45,704
 Stock options . . . . . . . . . . . . . .                   0              2,757
                                                    ----------            -------

Diluted EPS
 Income available to common shareholders +
   assumed conversions . . . . . . . . . .          $  643,139            808,888                  $  0.80


                                                               For the Nine Months Ended
                                                              ---------------------------
                                                                   September 30, 2000
                                                              ---------------------------
                                                                          Weighted-
                                                                          average                  Per
                                                    Income                Shares                   Share
                                                   (Numerator)            (Denominator)            Amount
                                                   -----------            -------------            -------
Basic EPS
 Income available to common shareholders .         $  693,942             751,661                  $  0.92

Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .                  0              16,367
 ESOP shares . . . . . . . . . . . . . . .                  0              53,322
 Stock options*. . . . . . . . . . . . . .                  0                   0
                                                    ---------              ------

Diluted EPS
 Income available to common shareholders +
   assumed conversions . . . . . . . . . .         $  693,942             821,350                  $  0.84
</TABLE>

*Because  the  exercise  prices  of  the options exceed the fair market value at
September  30,  2000,  the  shares
  subject to options are not included in calculating diluted earnings per share.

NOTE  6.     RECENT  ACCOUNTING  PRONOUNCEMENTS

The  Financial  Accounting  Standards  Board  issued  SFAS  No.  141,  "Business
Combinations", and SFAS No. 142, "Goodwill and Other Intangible Assets", on July
20,  2001.

SFAS  No.  141  provides  that  all business combinations shall be accounted for
using  the  purchase  method  of accounting; the use of the pooling-of-interests
method  will  be  prohibited.  The  provisions of SFAS No. 141 will apply to all
business  combinations  initiated  after  June  30,  2001,  or  all  business
combinations  accounted for by the purchase method that are completed after June
30,  2001.  HCFC  has not been involved in any business combinations affected by
SFAS  No.  141.

Prior  to  SFAS  No. 142, goodwill was amortized over its estimated life, not to
exceed  forty  years.  Under  SFAS  No.  142, goodwill will not be amortized but
should be tested for impairment on an annual basis, using criteria prescribed in
this  statement.  If  the  carrying  amount of goodwill exceeds its implied fair
value,  as  recalculated,  an  impairment  loss  equal  to  the  excess shall be
recognized.  Recognized  intangible  assets  other  than  goodwill  should  be
amortized over their useful lives and reviewed for impairment in accordance with
SFAS  No.  121,  "Accounting  for  the  Impairment  of Long-Lived Assets and for
Long-Lived  Assets to Be Disposed Of"(superceded by SFAS No. 144, see discussion
which  follows).

SFAS  No.  142  will  be effective for fiscal years beginning after December 15,
2001.  Accordingly,  HCFC  will  adopt  the  statement  on January 1, 2002. Upon
initial  application  of  SFAS  No.  142,  goodwill  and other intangible assets
arising  from acquisitions completed before July 1, 2001, shall be accounted for
in  accordance  with  the provisions of this statement. That is, amortization of
goodwill  will be discounted and the remaining asset tested for impairment on an
annual  basis.  An  initial  impairment  test is to be completed on all goodwill
within  six  months  of  initially  applying the statements. Any impairment loss
recognized  as  a  result  of  completing  the  initial impairment test is to be
recognized  in  the first interim period financial statements, regardless of the
interim  period  in  which  the  measurement  of  the  loss  is  completed.

Included  in  intangible  assets of $386,000 at September 30, 2001, was goodwill
totaling  $67,000.  The goodwill is being amortized over 15 years; approximately
$3,000  was  amortized  to  expense  during the first three quarters of 2001. In
accordance with SFAS No. 142, HCFC will discontinue amortizing goodwill and will
perform  the  required  impairment  tests.  The  first  impairment  test will be
completed  on or before June 30, 2002, and the corresponding impairment loss, if
any,  will  be  recognized  in  the  2002  financial  statements.

SFAS  No.  143, "Accounting for Asset Retirement Obligations", was issued by the
FASB  on  August 16, 2001. This FASB focuses on accounting for closure costs for
assets that cannot be simply abandoned or disposed of at the end of their useful
lives.  Examples  include  cleanup costs for nuclear power plants or restoration
costs  for landfills and strip mines. HCFC does not own any assts requiring such
closure  costs  and  is  not  affected  by  this  statement.

SFAS  No.  144,  "Accounting for the Impairment or Disposal of Long-Lived Assets
and  for Long-Lived Assets to Be Disposed Of", was issued by the FASB on October
3,  2001,  and  is effective for fiscal years beginning after December 15, 2001.
This  statement  effectively  supercedes SFAS No. 121 and APB Opinion No. 30 and
requires  that long-lived assets, including discontinued operations, that are to
be disposed of by sale be measured at the lower of carrying amount or fair value
less  cost  to  sell.  The statement also resolves certain implementation issues
regarding  SFAS  No. 121.  Discontinued operations will no longer be measured at
net  realizable  value or include amounts for operating losses that have not yet
occurred.  In  addition,  the  definition  of  "discontinued  operations"  was
broadened  to  include  all  components of an entity with operations that can be
distinguished  from  the rest of the entity and that will be eliminated from the
ongoing operations of the entity in a disposal transaction.  The only long-lived
assets  owned  by  HCFC  are  its  offices.  This  statement,  therefore, is not
expected  to  have a material impact on HCFC's statements of financial condition
or  results  of  operations.




<PAGE>
ITEM  2.  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
                            AND RESULTS OF OPERATIONS

SAFE  HARBOR  CLAUSE

This  report contains certain "forward-looking statements."  The Company desires
to  take  advantage  of  the  "safe harbor" provisions of the Private Securities
Litigation  Reform  Act  of 1995 and is including this statement for the express
purpose of availing itself of the protection of such safe harbor with respect to
all  such  forward-looking  statements.  These forward-looking statements, which
are  included  in Management's Discussion and Analysis, describe future plans or
strategies  and  include the Company's expectations of future financial results.
The  words "believe," "expect," "anticipate," "estimate," "project," and similar
expressions  identify  forward-looking  statements.  The  Company's  ability  to
predict  results  or  the  effect  of  future  plans or strategies is inherently
uncertain.  Factors,  which  could  affect actual results, include interest rate
trends,  the  general  economic  climate  in  the  Company's market area and the
country  as  a  whole,  loan delinquency rates, and changes in federal and state
regulations.  These  factors  should  be  considered  in  evaluating  the
forward-looking  statements,  and  undue  reliance  should not be placed on such
statements.  See  Exhibit  99  attached  hereto,  "Safe Harbor Under the Private
Securities  Litigation  Reform Act of 1995", which is incorporated by reference.

GENERAL

In  September  1996, the Board of Directors of Home City Federal Savings Bank of
Springfield  ("Bank")  adopted  a  Plan  of Conversion ("Plan") whereby the Bank
would  convert  to  the stock form of ownership, followed by the issuance of all
the  Bank's  outstanding  stock  to  a  newly  formed holding company, Home City
Financial  Corporation  ("Company").  Pursuant  to the Plan, the Company offered
common  shares  for  sale  to  certain depositors of the Bank and members of the
community.  The  conversion  was completed on December 30, 1996, and resulted in
the  issuance of 952,200 common shares of the Company which, after consideration
of  offering  expenses  totaling  approximately  $447,000 and $762,000 in shares
purchased by the ESOP ("Employee Stock Ownership Plan"), resulted in net capital
proceeds of $8.3 million.   Consolidated financial statements of the Company are
presented  herein.  Future references are made either to the Company or the Bank
as  applicable.

The  Company  is a unitary savings and loan holding company whose activities are
primarily limited to holding the stock of the Bank.  The Bank conducts a general
banking business in west central Ohio which consists of attracting deposits from
the  general  public  and  applying  those funds to the origination of loans for
residential,  consumer  and  non-residential  purposes. The Bank also originates
loans  for  the  construction  of  residential  real estate and loans secured by
multifamily  real estate (over four units), commercial loans and consumer loans.
The  Bank's  profitability  is  significantly  dependent on net interest income,
which  is the difference between interest income generated from interest-earning
assets  (i.e.,  loans  and  investments)  and  the  interest  expense  paid  on
interest-bearing  liabilities (i.e., customer deposits and borrowed funds).  Net
interest  income  is  affected by the relative amount of interest-earning assets
and  interest-bearing  liabilities  and  interest  received  or  paid  on  these
balances.  The  level  of  interest  rates  paid  or received by the Bank can be
significantly  influenced  by  a  number  of  environmental  factors,  such  as
governmental  monetary  policy,  that  are  outside  of  management  control.

The  consolidated  financial  information  presented herein has been prepared in
accordance  with  generally  accepted accounting principles ("GAAP") and general
accounting  practices  within  the  financial  services  industry.  In preparing
consolidated  financial  statements  in  accordance  with  GAAP,  management  is
required  to  make estimates and assumptions that affect the reported amounts of
assets  and  liabilities and the disclosure of contingent assets and liabilities
at  the  date  of  the financial statements and revenues and expenses during the
reporting  period.  Actual  results  could  differ  from  such  estimates.

The  Bank  is  regulated  by  the  Office  of Thrift Supervision ("OTS") and its
deposits  are  insured  up  to  applicable  limits under the Savings Association
Insurance  Fund  ("SAIF") of the Federal Deposit Insurance Corporation ("FDIC").

The  Bank  is  a  member of the FHLB, conducting its business through its office
located  in  Springfield,  Ohio.  The  primary  market area of the Bank is Clark
County,  Ohio,  and  contiguous  counties.


                         CHANGES IN FINANCIAL CONDITION

At  September  30,  2001,  the consolidated assets of the Company totaled $145.0
million,  an  increase  of  $21.6  million,  or  17.49%,  from $123.4 million at
December  31,  2000.  The  increase  in total assets was primarily the result of
increases  in  mortgage-backed  securities,  cash  and  cash  equivalents, loans
receivable,  cash  surrender value of life insurance policies and properties and
equipment,  funded  primarily  by  a  $20.5  million  increase  in  deposits.

Net  loans  receivable  increased  by $1.2 million during the three months ended
September  30, 2001, in addition to the $3.0 million increase experienced during
the first six months ended June 30, 2001.  The net increase in loans outstanding
since December 31, 2000, was $4.2 million, or 3.83%.  The increase was primarily
in  the  non-residential  real  estate  and  commercial  loan  portfolio.

The  cash  surrender value of life insurance policies increased $1.6 million, or
148.00  %, to $2.7 million from $1.1 million at December 31, 2000.  The increase
was primarily attributed to the purchase of additional life insurance on certain
members  of  the  Board  of  Directors  during  the  first  quarter  of  2001.

The  $2.1  million  increase  in properties and equipment was a direct result of
additional  expenditures  related  to  the  construction  of the Bank's new main
office  facilities,  which  were  completed  during  July  2001.

Total  cash  and  cash  equivalents  increased  by $3.8 million during the third
quarter  of  2001  in  addition  to the $1.2 million increase experienced in the
first  six  months  of  2001.  Federal  funds  sold and other overnight deposits
increased  $2.1  million, or 745.16%, from $273,000 at December 31, 2000.  Total
cash and non-interest-bearing balances due from correspondent banks increased by
$1.2  million  from  the  December  31, 2000, balances. These increases resulted
primarily  from the influx of deposits during the opening of the new main office
which  had  not  yet  been  invested  in  higher  yielding  alternatives.

Investment  securities  increased  $178,000,  or  4.92%,  from  $3.6  million at
December  31,  2000,  to  $3.8  million at September 30, 2001.  The increase was
primarily  the result of the net increase in the Bank's municipal bond holdings.

During  the nine months ended September 30, 2001, $174,000 of principal payments
were  received  on  mortgage-backed  and  related  securities.  During  the same
nine-month  period,  $8.6  million of the new deposits generated during the main
office  opening  was  used  for  the  purchase  of  additional  securities.

Deposit  liabilities  increased  $12.4 million, or 14.86%, from $83.2 million at
June  30,  2001,  to  $95.6  million at September 30, 2001.  This increase is in
addition to the $8.1 million increase experienced during the first six months of
2001.  Management  attributes the increase to the opening of the new main office
on  July  16th  as well as to the maintenance of competitive rates in the Bank's
market  area.  Interest  credited  on accounts also contributed to the increase.

Advances  from  the  FHLB  increased  $465,000,  or 1.33%, from $35.0 million at
December  31,  2000, to $35.4 million at September 30, 2001.  The funds borrowed
were  utilized  to  fund  loans.  All  advances  which  did not bear prohibitive
prepayment  penalties  had  been  paid  off  by  September  30,  2001.

Total  shareholders' equity remained relatively constant during the nine months,
decreasing  $67,000,  or  0.57%,  from December 31, 2000, to September 30, 2001.
This  decrease  was primarily the result of the $265,000 cash dividend payments,
the  $156,000  decrease  in  accumulated  other  comprehensive income and by the
purchase  of  treasury  shares  for  $297,000,  which were offset by $643,000 in
earnings  and  the  $8,000  RRP  distribution.

The  Bank's  liquidity, primarily represented by cash and cash equivalents, is a
result  of its operating, investing and financing activities.  Principal sources
of  funds  are  deposits,  loan  and  mortgage-backed  securities  repayments,
maturities  of securities and other funds provided by operations.  The Bank also
has  the ability to borrow from the FHLB and other local financial institutions.
While  scheduled  loan  repayments  and  maturing  investments  are  relatively
predictable,  deposit  flows  and  early  loan  and  mortgage-backed  security
prepayments  are  more influenced by interest rates, general economic conditions
and  competition.  The  Bank  maintains  investments in liquid assets based upon
management's  assessment of (i) the need for funds, (ii) expected deposit flows,
(iii)  the  yields available on short-term liquid assets and (iv) the objectives
of  the asset/liability management program.  In the ordinary course of business,
part  of  such  liquid  investments  portfolio  is  composed  of  deposits  at
correspondent banks.  Although the amount on deposit at such banks often exceeds
the  $100,000  limit covered by FDIC insurance, the Bank monitors the capital of
such  institutions  to ensure that such deposits do not expose the Bank to undue
risk  of  loss.

OTS  regulations presently require the Bank to maintain an average daily balance
of  liquid  assets,  which  may  include, but are not limited to, investments in
United  States Treasury, federal agency obligations and other investments having
maturities of five years or less, in an amount sufficient to provide a source of
relatively  liquid  funds  upon  which  the  Bank  may rely if necessary to fund
deposit  withdrawals  or other short-term funding needs.  At September 30, 2001,
the  Bank's  regulatory  liquidity ratio was 12.62%.  At such date, the Bank had
commitments  to  originate  loans  totaling  $12.1  million,  no  commitments to
purchase  or  sell  loans  and  a  commitment  of  $35,000  for  the  remaining
construction costs of the new main office.  The Bank considers its liquidity and
capital  reserves sufficient to meet its outstanding short- and long-term needs.
Adjustments to liquidity and capital reserves may be necessary, however, if loan
demand  increases  more  than  expected  or  if deposits decrease substantially.

The  Bank  is  required by applicable law and regulation to meet certain minimum
capital  standards.  Such  capital  standards  include  a  tangible  capital
requirement,  a  core  capital  requirement  or  leverage ratio and a risk-based
capital  requirement.  See "Note 4 - Regulatory Capital."  The Bank exceeded all
of  its  capital  requirements  at  September  30,  2001.

Savings  associations  are  required  to maintain "tangible capital" of not less
than  1.5%  of  the  association's  adjusted  total assets.  Tangible capital is
defined  in  OTS  regulations  as  core  capital  less  intangible  assets.

Core  capital  is  comprised  of common stockholders' equity (including retained
earnings), noncumulative preferred stock and related surplus, minority interests
in  consolidated  subsidiaries,  certain  nonwithdrawable  accounts  and pledged
deposits  of mutual associations.  OTS regulations require savings associations,
except for associations that meet certain requirements, to maintain core capital
of  at  least  4%  of  the  association's  adjusted  total  assets.

OTS  regulations require that savings associations maintain "risk-based capital"
in an amount not less than 8.0% of risk-weighted assets.  Assets are weighted at
percentage  levels  ranging  from  0%  to 100% depending on their relative risk.
Risk-based  capital  is defined as core capital plus certain additional items of
capital, which in the case of the Bank includes a general loan loss allowance of
$520,000  at  September  30,  2001.

On  January 29, 2001, the Board of Directors of the Company declared a quarterly
cash  dividend in the amount of $0.11 per share to each shareholder of record on
March  2, 2001, paid on March 15, 2001.  On May 29, 2001, the Board of Directors
of  the  Company  declared  a quarterly cash dividend in the amount of $0.11 per
share  to each shareholder of record on June 8, 2001, paid on June 15, 2001.  On
August 27, 2001, the Board of Directors of the Company declared a quarterly cash
dividend  in  the  amount  of  $0.11  per share to each shareholder of record on
September  7,  2001,  paid  on  September  14,  2001.



                              RESULTS OF OPERATIONS

COMPARISON  OF  THREE  MONTHS  ENDED  SEPTEMBER  30,  2001  AND  2000

GENERAL.  Net  income  decreased  $19,000, or 9.27%, from $205,000 for the three
months  ended  September  30,  2000,  to  $186,000  for  the  three months ended
September  30, 2001.  This decrease was primarily attributed to $357,000 more in
noninterest  expense,  which  was partially offset by an increase of $257,000 in
noninterest  income, an increase of $2,000 in net interest income, a decrease of
$64,000  in  the provision for federal income tax expense and a $15,000 decrease
in  the  provision  for  loan  losses.

INTEREST  INCOME.  The  $16.4  million  increase  in  average  earning  assets
contributed  to  an  increase  in interest income of $186,000, or 7.84%, for the
three  months ended September 30, 2001, compared to the same period in 2000. The
increase  was  attributed  mainly  to  the  additional  loan  income of $113,000
resulting  from  an  increase  in  loans receivable.  Of the overall increase in
interest  income,  $304,000  is  attributable to earning asset volume increases,
offset  by  a  decrease  of  $118,000  attributable  to  rate  or  yield.

INTEREST  EXPENSE.  Interest  expense on deposit liabilities increased $165,000,
or  16.29%,  for  the  three months ended September 30, 2001, as compared to the
same  period  in  2000.  The  total  average deposits increased by $14.9 million
comparing the quarter ended September 30, 2001, to the same quarter of 2000, and
the  average  interest  rate  paid  on interest-bearing deposits decreased by 22
basis  points from 5.73% for the three months ended September 30, 2000, to 5.51%
for  the  same  period  ended  September  30, 2001.  The average balance of FHLB
advances increased from $30.7 million for the three-month period ended September
30,  2000,  to  $35.8  million  for  the  same  period ended September 30, 2001,
resulting  in  an increase in interest on FHLB advances of $19,000 for the three
months ended September 30, 2001, compared to the same period ended September 30,
2000.  Of  the overall increase in interest expense, $300,000 is attributable to
interest  costing  liability  volume  increases,  offset  by a $116,000 decrease
attributable  to  decreases  in  rates  paid.

PROVISION  FOR  LOAN  LOSSES.  There  was no provision for loan losses and there
were  net  charge-offs  of  $15,000  during the three months ended September 30,
2001,  compared to a $15,000 provision and net charge-offs of $29,000 during the
three months ended September 30, 2000.  Provisions are determined based upon the
results  of  the  ongoing  loan  reviews  and composition of the loan portfolio.

NONINTEREST  INCOME.  Noninterest  income  increased  by  $257,000 for the three
months  ended  September  30,  2001,  compared  to the same period in 2000.  The
increase  was primarily related to increases of $124,000 from the sale of equity
securities,  $21,000  income from life insurance contracts and $104,000 in other
income  related primarily to the operations of Home City Insurance Agency, Inc.,
the  wholly-owned  subsidiary  of  the  Company.  Deposit account service charge
income  also  increased  by  $4,000  compared  to  the  same  quarter  in  2000.

NONINTEREST  EXPENSE.  Noninterest  expense  increased  $357,000,  or 58.14%, to
$971,000  for  the  three  months ended September 30, 2001, from $614,000 in the
comparable  period  in  2000.  Of this increase, $209,000 was attributable to an
increase  in  compensation  and  benefit expense in 2001, reflecting the expense
associated  with  additional  staffing  related to preparations for the new main
office  operations  and  the  operation of the insurance agency.  The annualized
ratio of noninterest expense to average total assets was 2.85% and 2.11% for the
three  months  ended  September  30,  2001  and  2000,  respectively.

INCOME  TAXES.  The  provision  for income taxes decreased $64,000 for the three
months  ended  September  30, 2001, compared with the prior year, primarily as a
result  of  the  tax  treatment on the gain on sale of equity securities and the
decrease  in  net  taxable  income in the second quarter 2001 as compared to the
same  quarter  in  2000.


COMPARISON  OF  NINE  MONTHS  ENDED  SEPTEMBER  30,  2001  AND  2000

GENERAL.  Net  income  decreased  $51,000,  or 7.35%, from $694,000 for the nine
months ended September 30, 2000, to $643,000 for the nine months ended September
30,  2001.  This  decrease  was primarily attributed to a decrease of $31,000 in
net  interest  income  and  an increase of $781,000 in noninterest expense which
were  partially  offset  by  the increase of $584,000 in noninterest income, the
$157,000  decrease  in  federal income tax expense and a $20,000 decrease in the
provision  for  loan  losses.

INTEREST  INCOME.  The  $16.5  million  increase  in  average  earning  assets
contributed  to  an  increase in interest income of $812,000, or 11.67%, for the
nine  months ended September 30, 2001, compared to the same period in 2000.  The
increase was attributed to the additional loan income of $675,000 resulting from
an  increase in loans receivable, and an increase of $137,000 in interest income
on  other  earning assets.  Of the overall increase in interest income, $993,000
is  attributable  to  earning  asset  volume  increases  offset by a decrease of
$181,000  attributable  to  rate  or  yield.

INTEREST  EXPENSE.  Interest  expense on deposit liabilities increased $522,000,
or 18.19%, for the nine months ended September 30, 2001, as compared to the same
period  in  2000.  Total  average  interest-bearing  deposits increased by $10.6
million  comparing  the nine months ended September 30, 2001, to the same period
in  2000,  and  the  average  interest  rate  paid  on interest-bearing deposits
increased  by  14  basis  points  from  5.52%  for  the  nine-month period ended
September  30, 2000, to 5.66% for the same period ended September 30, 2001.  The
average balance of FHLB advances increased from $28.4 million for the nine-month
period  ended  September  30,  2000,  to $36.8 million for the same period ended
September  30,  2001,  resulting  in an increase in interest on FHLB advances of
$321,000  for  the  nine-month  period ended September 30, 2001, compared to the
same  period  ended  September  30,  2000.  Of  the overall increase in interest
expense,  $835,000  is  attributable  to  interest  costing  liability  volume
increases,  and  $8,000  is  attributable  to  increases  in  rates  paid.

PROVISION  FOR LOAN LOSSES.  The provision for loan losses was $20,000 and there
were net charge-offs of $32,000 during the nine months ended September 30, 2001,
compared  to  a $40,000 provision and net charge-offs of $57,000 during the nine
months  ended  September  30,  2000.  The provision was decreased based upon the
results  of  the  ongoing  loan  reviews  and composition of the loan portfolio.

NONINTEREST  INCOME.  Noninterest  income  increased  by  $584,000  for the nine
months  ended  September  30,  2001,  compared  to the same period in 2000.  The
increase  was related to the $292,000 increase in other income related primarily
to  the  operations  of  Home  City  Insurance  Agency,  Inc.,  the wholly-owned
subsidiary  of  the Company, the increase of $258,000 in the gain on the sale of
equity  securities  and  $24,000  and  $10,000  increases  in  income  from life
insurance  contracts  and  service  charges  on  deposit accounts, respectively.

NONINTEREST EXPENSE.  Noninterest expense increased $781,000, or 40.53%, to $2.7
million  for  the nine months ended September 30, 2001, from $1.9 million in the
comparable  period  in  2000.  Of this increase, $516,000 was attributable to an
increase  in  compensation  and  benefit  expense in 2001, reflecting additional
staffing  related  to  preparations  for  the new main office operations and the
operation  of the insurance agency.  The annualized ratio of noninterest expense
to  average total assets was 2.72% and 2.30% for the nine months ended September
30,  2001  and  2000,  respectively.

INCOME  TAXES.  The  provision  for income taxes decreased $157,000 for the nine
months  ended  September  30, 2001, compared with the prior year, primarily as a
result  of  the  $208,000 decrease in net income before federal income taxes and
the composition of the taxable and non-taxable income for the nine-month period.

<PAGE>
                           PART II - OTHER INFORMATION

     ITEM

     1  -  LEGAL  PROCEEDINGS

           None

     2  -  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

           Not  Applicable

     3  -  DEFAULTS  UPON  SENIOR  SECURITIES

           Not  Applicable

     4  -  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

           Not  Applicable

     5  -  OTHER  INFORMATION

           Not  Applicable

     6  -  EXHIBITS  AND  REPORTS  ON  FORM  8-K

           a.     No  report  on  Form 8-K was filed during the quarter ended
                  September 30, 2001.

           b.     Exhibit  99:  Safe  Harbor Under the Private Securities
                  Litigation Reform Act  of  1995.

<PAGE>
SIGNATURES


In  accordance with the requirements of the Securities Exchange Act of 1933, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.





                                        HOME  CITY  FINANCIAL  CORPORATION

November 13, 2001                       /s/ Douglas L. Ulery
-----------------                       ----------------------------------
Date:                                   Douglas  L.  Ulery
                                        President

November 13, 2001                      /s/ Charles A. Mihal
-----------------                      ----------------------------------
Date:                                  Charles  A.  Mihal
                                       Treasurer  and  Chief  Financial  Officer

<PAGE>