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 MARCH 31, 2000
[    ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM
          _________ TO __________

                       Commission file number  - 0-21809

                        HOME CITY FINANCIAL CORPORATION
                        -------------------------------
        (Exact name of small business issuer as specified in its charter)


        OHIO                                             34-1839475
-------------------------------                     -------------------------
(State or other jurisdiction of                     (Filer Identification No.)
incorporation or organization)

63 West Main Street
Springfield, Ohio                                     45502
-------------------------------                      -------------------------
(Address of principal executive offices)             (Zip Code)


                                  (937) 324-5736
                            ---------------------------
                            (Issuer's telephone number)

                                        N/A
                                        ---
(Former name, former address and former fiscal year, if changed since last
report)


As of April 30, 2000, 816,500 shares of common 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)

         Condensed consolidated balance sheets --                          3
         March 31, 2000, and December 31, 1999

         Condensed consolidated statements of income --                    4
         Three months ended March 31, 2000 and 1999

         Condensed consolidated statements of changes in                   5
         shareholders' equity -- Three months ended March 31, 2000

         Condensed consolidated statements of cash flows --                6
         Three months ended March 31, 2000 and 1999

         Notes to condensed consolidated financial                         7
         statements -- March 31, 2000, and December 31, 1999

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                        10

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings                                                15

Item 2.  Changes in Securities and Use of Proceeds                        15

Item 3.  Defaults upon Senior Securities                                  15

Item 4.  Submission of Matters to a Vote of Security Holders              15

Item 5.  Other Information                                                15

Item 6.  Exhibits and Reports on Form 8-K                                 15

Signatures                                                                16

<PAGE>


                          HOME CITY FINANCIAL CORPORATION
                                 SPRINGFIELD, OHIO
                           CONSOLIDATED BALANCE SHEETS
===============================================================================
<TABLE>
<CAPTION>
                                                               (Dollars in thousands)
                                                          (Unaudited)
                                                           At March 31,      At December 31,
                                                           2000              1999
                                                           ----              ----

<S>                                                        <C>               <C>
ASSETS
Cash and cash equivalents
     Cash and due from banks                                $ 1,291           $ 3,201
     Interest-bearing demand deposits in other banks            481               282
                                                            -------           -------
          Total cash and cash equivalents                     1,772             3,483

Time deposits with original maturities of 90 days or more        24                24
Investment securities available-for-sale, at fair value       3,277             3,045
Mortgage-backed securities available-for-sale, at fair value    385               424
Loans, net                                                  100,889            96,844
Stock in Federal Home Loan Bank                               1,396             1,372
Accrued interest receivable                                     579               520
Properties and equipment                                      1,004             1,015
Cash surrender value of life insurance                        1,207             1,181
Deferred income taxes                                            41                18
Other assets                                                    114                63
                                                           --------          --------
          TOTAL ASSETS                                     $110,688          $107,989
                                                           ========          ========

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Deposits                                                   $  71,744        $  69,671
Federal Home Loan Bank Advances                               27,377           26,505
Accrued interest payable                                         186              177
Advance payments by borrowers for taxes and insurance             84              119
Other liabilities                                                289              301
                                                           ---------        ---------
          TOTAL LIABILITIES                                   99,680           96,773

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                                     6,033            6,033
Retained earnings, substantially restricted                    7,442            7,288
Treasury shares, at cost                                      (1,862)          (1,516)
Accumulated other comprehensive income                           284              309
Common shares purchased by:
     Employee Stock Ownership Plan                              (533)            (533)
     Recognition and Retention Plan                             (356)            (365)
                                                           ---------        ---------
          TOTAL SHAREHOLDERS' EQUITY                          11,008           11,216
                                                           ---------        ---------

          TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY       $ 110,688        $ 107,989
                                                           =========        =========
_______________________
See accompanying notes.
</TABLE>

<PAGE>



                           HOME CITY FINANCIAL CORPORATION
                                   SPRINGFIELD, OHIO
                           CONSOLIDATED STATEMENTS OF INCOME

==============================================================================
<TABLE>
<CAPTION>

                                                             (Dollars in thousands)
                                                          (Unaudited)       (Unaudited)
                                                           3 Months Ended    3 Months Ended
                                                           March 31,         March 31,
                                                           2000              1999
                                                           ----              ----
<S>                                                       <C>               <C>

INTEREST INCOME
Loans                                                      $    2,165        $    1,773
Mortgage-backed securities                                          6                 8
Investment securities                                              73                45
                                                           ----------        ----------
     TOTAL INTEREST INCOME                                      2,244             1,826

INTEREST EXPENSE
Deposits                                                          911               769
Borrowed funds                                                    373               199
                                                           ----------        ----------

     TOTAL INTEREST EXPENSE                                     1,284               968

     NET INTEREST INCOME                                          960               858
Provision for loan losses                                          15                17
                                                           ----------        ----------
     NET INTEREST INCOME AFTER PROVISION
          FOR LOAN LOSSES                                         945               841

NONINTEREST INCOME
Service charges on deposits                                         3                 3
Life insurance                                                     31                13
Other income                                                       13                 5
                                                           ----------        ----------
     TOTAL NONINTEREST INCOME                                      47                21
                                                           ----------        ----------
NONINTEREST EXPENSES
Salaries and employee benefits                                    338               286
Supplies, telephone and postage                                    23                18
Occupancy and equipment                                            49                43
FDIC deposit insurance                                              3                 9
Data processing                                                    40                36
Legal, accounting and examination                                  67                54
Franchise taxes                                                    46                45
Other expenses                                                     87                48
                                                           ----------        ----------
     TOTAL NONINTEREST EXPENSES                                   653               539
                                                           ----------        ----------

     NET INCOME BEFORE FEDERAL INCOME
          TAX EXPENSE                                             339               323

Federal income tax expense                                         98               104
                                                           ----------        ----------
     NET INCOME                                            $      241        $      219
                                                           ==========        ==========

Earnings per common share - basic                          $0.32             $0.28
Earnings per common share - diluted                        $0.29             $0.25

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

</TABLE>
<PAGE>

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

=============================================================================

<TABLE>
<CAPTION>
                                                                                             Accum-
                                                                                             ulated
                                          Common     Common     Addi-                        other   Common     Common
                                          shares     shares     tional                       compre- shares     shares    Compre-
                       Common   Treasury  purchased  purchased  paid-in  Retained  Treasury  hensive purchased  purchased hensive
                       shares   shares    by ESOP    by RRP     capital  earnings  shares    income  by ESOP    by RRP    income
                       -----   -------    ------     ------     -------  --------  ------    ------  -------    ------    ------
<S>                   <C>      <C>        <C>        <C>        <C>      <C>       <C>       <C>    <C>        <C>       <C>

December 31, 1998      952,200  (92,810)   (60,940)   (19,041)   $6,013   $6,658    $(1,304)  $517   $(609)     $(405)
Net income                                                                   976                                         $976
Other comprehensive income
  Change in unrealized
  gain (loss) on securities
  available-for-sale, net of
  deferred income
  tax of $108                                                                                 (208)                      (208)
                                                                                                                          ----
Comprehensive income                                                                                                     $768
                                                                                                                         ====
Purchase of treasury shares     (16,000)                                               (212)
Purchase of common shares
  by Recognition and
  Retention Plan                                       (2,500)                                                    (43)
Shares allocated under
  Employee Stock
  Ownership Plan                             7,618                   26                                 76
  Shares earned under
  Recognition and
  Retention Plan                                        4,761        (6)
Dividends declared
  ($.405 per share)                                                         (346)                                  83
                       ------- ---------   --------   --------   ------   ------    --------  ----   ------     -----
Balance at
  December 31, 1999    952,200 (108,810)   (53,322)   (16,780)   $6,033   $7,288    $(1,516)  $309   $(533)     $(365)
Net income                                                                   241                                          $241
Other comprehensive income
  Change in unrealized
  gain (loss) on securities
  available-for-sale, net of
  deferred income
  tax of $12                                                                                   (25)                        (25)
                                                                                                                          ----
Comprehensive income                                                                                                      $216
                                                                                                                          ====
Purchase of treasury shares     (26,890)                                               (346)
Shares earned under
  Recognition and
  Retention Plan                                          500                                                       9
Dividends declared
  ($1.05 per share)                                                          (87)
                       ------- ---------   --------   --------   ------   ------    --------  ----   ------     ------
March 31, 2000         952,200 (135,700)   (53,322)   (16,280)   $6,033   $7,442    $(1,862)  $284   $(533)     $(356)
                       ======= =========   ========   ========   ======   ======    ========  ====   ======     ======
---------------------
See accompanying notes.

</TABLE>

<PAGE>

                                HOME CITY FINANCIAL CORPORATION
                                        SPRINGFIELD, OHIO
                              CONSOLIDATED STATEMENTS OF CASH FLOWS
===============================================================================
<TABLE>
<CAPTION>

                                                                    (Dollars in thousands)
                                                                    (Unaudited)
                                                            3 Months Ended   3 Months Ended
                                                            March 31,        March 31,
                                                            ---------        ---------
                                                            2000             1999
                                                            ----             ----
<S>                                                        <C>              <C>

CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                                   $    241     $      219
Adjustments to reconcile net income to net cash
     provided by operating activities:
          Premium amortization, net of discount accretion           7              1
          Provision for loan losses                                15             17
          Depreciation                                             19             16
          Deferred income taxes                                   (15)             7
          Life insurance income, net of expenses                  (26)            (7)
          Employee Stock Ownership Plan compensation expense        0             15
          Recognition and Retention Plan compensation expense      22             18
          FHLB stock dividends                                    (24)           (12)
          Net change in:
               Accrued interest receivable                        (59)           (17)
               Accrued interest payable                             9             32
               Other assets                                       (51)           (68)
               Other liabilities                                  (12)           (95)
                                                               ------         ------
     Net cash provided by operating activities                    126            126
                                                               ------         ------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale                        (287)             0
Proceeds from maturities of securities available-for-sale           0            500
Collections on mortgage-backed securities available-for-sale       32             22
Net increase in loans                                          (4,060)        (4,060)
Purchases of properties and equipment                              (8)           (16)
Purchase of FHLB stock                                              0           (175)
                                                               ------         -------
     Net cash used in investing activities                     (4,323)        (3,729)
                                                               ------         -------
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits                                        2,073          1,586
Net increase (decrease) in short-term FHLB advances               800           (400)
Proceeds from new long-term FHLB advances                         225          4,000
Payments on long-term FHLB advances                              (153)          (150)
Net decrease in advance payments by borrowers
     for taxes and insurance                                      (35)           (21)
Payments on notes payable                                           0          1,500)
Distribution of common shares by Recognition and Retention Plan     9              0
Purchase of common shares by Recognition and Retention Plan         0            (42)
Purchase of treasury shares                                      (346)             0
Cash dividend paid                                                (87)           (86)
                                                               ------          ------
     Net cash provided by financing activities                  2,486          3,387

     Net decrease in cash and cash equivalents                 (1,711)          (216)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                3,483          1,910
                                                               ------         ------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                     $1,772         $1,694
                                                               ======         ======
-----------------------
See accompanying notes.

</TABLE>

<PAGE>



                               HOME CITY FINANCIAL CORPORATION

                          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                            MARCH 31, 2000, AND DECEMBER 31, 1999

                                         (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 March 31, 2000, and December 31, 1999, and the consolidated results of
operations and the cash flows for the three months ended March 31, 2000 and
1999.  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 months ended March
31, 2000, 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:

                                                  (Dollars in thousands)
                                                  Three
                                                  Months ended    Year ended
                                                  March 31,       December 31,
                                                  2000            1999
                                                  ----            ----

Balance, beginning of period                      $  491          $  486
Provision for loan losses                             15              34
Charge-offs                                            0             (31)
Recoveries                                             0               2
                                                  ------          ------
Balance, end of period                            $  506          $  491
                                                  ======          ======

NOTE 3.  ADVANCES FROM FEDERAL HOME LOAN BANK

Borrowings at March 31, 2000, consisted of five short-term advances totaling
$1.8 million and twenty-one long-term advances totaling $25.6 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.

<PAGE>


Scheduled maturities of advances from the FHLB were as follows:

<TABLE>
<CAPTION>

                                                 (Dollars in thousands)
                             At March 31, 2000                           At December 31, 1999
                    -------------------------------------     ---------------------------------------------

                             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     $  1,800   6.04%          6.04%              $  1,047     5.46% - 5.58%      5.57%

After one but
     within five
     years        $  2,417   5.85% - 8.35%  6.95%              $  3,985     4.64% - 8.35%      6.07%

After five
     years        $23,160    3.30% - 7.28%  5.64%              $21,473      3.30% - 6.81%      5.61%

</TABLE>


NOTE 4.     REGULATORY CAPITAL
The following table illustrates the compliance by the Bank with currently
applicable regulatory capital requirements at March 31, 2000.

<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)     $11,148    13.5%     $6,606     8.0%      $8,257     10.0%

Tier I Capital
          (To Risk-Weighted Assets)      10,601    12.8%     N/A        N/A        4,954      6.0%

Tier I Capital
         (To Adjusted Total Assets)      10,601     9.6%     4,421      4.0%*      5,527      5.0%

Tangible Capital
         (To Adjusted Total Assets)      10,601     9.6%     1,658      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%.

<PAGE>

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 and not subject to a loan pledge agreement, 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
                                                          March 31, 2000
                                                                                Per
                                               Income         Shares            Share
                                              (Numerator)     (Denominator)     Amount
                                              -----------     -------------     ------
<S>                                          <C>             <C>               <C>
Basic EPS
Income available to common shareholders       $240,606        761,187           $0.32

Effective of dilutive securities
RRP shares                                           0         16,544
ESOP shares                                          0         53,322
Stock options                                        0              0*
                                              --------        --------

Diluted EPS
Income available to common shareholders +
     assumed conversions                      $240,606        831,053           $0.29
                                              ========        =======           =====

</TABLE>

*     Because the exercise prices of the options exceed the fair market value
      at March 31, 2000, the shares subject to options are not included in
      calculating diluted earnings per share.

<TABLE>
<CAPTION>
                                                     For the Three Months Ended
                                                           March 31, 1999

                                                                                Per
                                              Income          Shares            Share
                                             (Numerator)     (Denominator)      Amount
                                              ---------       -----------       ------
<S>                                          <C>             <C>               <C>
Basic EPS
Income available to common shareholders       $219,344        778,465           $0.28

Effective of dilutive securities
RRP shares                                           0         19,985
ESOP shares                                          0         60,940
Stock options                                        0         24,164
                                              --------        -------

Diluted EPS
Income available to common shareholders +
assumed conversions                           $219,344        883,554           $0.25
                                              ========        =======           =====
</TABLE>

<PAGE>


                         HOME CITY FINANCIAL CORPORATION

           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 99.2 attached hereto,
"Safe Harbor Under 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.  Condensed 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

<PAGE>

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.

Effect of Year 2000

     Home City did not experience any problems as the year changed from 1999
to 2000.  Management had placed significant emphasis on ensuring that its
operating systems were Year 2000 ("Y2K") compliant.

     In mid-1997, the Board of Directors had appointed a Year 2000 Committee
to address the operating systems that were at risk and to develop an Action
Plan Year 2000.  As operating risks were identified, Home City repaired,
replaced or upgraded the related equipment and systems.  Home City was
primarily reliant on third-party vendors for its computer output and
processing, so considerable effort was placed on assessing their Y2K
readiness.  A business resumption contingency plan was developed inclusive of
cash management aspects to minimize or avoid any possible customer
inconvenience.

     Home City had projected costs of $79,000 for Y2K preparedness.  Some of
the major factors included were the use of external consultants, purchases of
hardware and software, the purchase, printing and delivery of customer
awareness materials and the borrowing and lost opportunity costs associated
with the build-up of a sufficient source of cash to meet customer needs.
Actual expenses amounted to approximately $83,000, the bulk of which was
reflected in the Consolidated Financial Statements for 1999.


                         Changes in Financial Condition

     At March 31, 2000, the consolidated assets of the Company totaled $110.7
million, an increase of $2.7 million, or 2.50%, from $108.0 million at
December 31, 1999.  The increase in total assets was primarily the result of a
$4.1 million increase in loans receivable funded primarily by a $872,000
increase in advances from the FHLB and a $2.1 million increase in deposits.

     Net loans receivable increased by $4.1 million, or 4.18%, to $100.9
million at March 31, 2000, compared to $96.8 million at December 31, 1999.
The increase was primarily in the non-residential real estate and commercial
loan portfolio.

     Investment securities increased $232,000, or 7.62%, from $3.0 million at
December 31, 1999, to $3.3 million at March 31, 2000.  The increase was
primarily the result of purchases of United States Government agency
obligations to maintain liquidity goals subsequent to the Y2K transition.

     During the three months ended March 31, 2000, $32,000 of principal
payments were received on mortgage-backed and related securities ("MBS").  No
other transactions, purchases or sales, occurred during the period.

     Deposit liabilities increased $2.1 million, or 2.98%, from $61.7 million
at December 31, 1999, to $71.7 million at March 31, 2000.  Management
attributes the increase to the maintenance of competitive rates in the Bank's
market area.  Interest credited on accounts also contributed to the
increase.

<PAGE>

     Advances from the FHLB increased $872,000, or 3.29%, from $26.5 million
at December 31, 1999, to $27.4 million at March 31, 2000. The funds obtained
were utilized to support the increased loan demand.

     Total shareholders' equity remained relatively constant, decreasing
$208,000, or 1.85%, from December 31, 1999, to March 31, 2000.  This decrease
was primarily the result of a $346,000 purchase of treasury shares, the
$87,000 cash dividend payment and the $25,000 unrealized losses on securities
available-for-sale, all of which were partially offset by the $241,000 of first
quarter 2000 earnings and the $9,000 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 equal to 4%
of the sum of the Bank's average daily balance of net withdrawable deposit
accounts and borrowings payable in one year or less.  The liquidity requirement,
 which may be changed from time to time by the OTS to reflect changing
economic conditions, is intended 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 March 31, 2000, the Bank's regulatory
liquidity ratio was 6.39%.  At such date, the Bank had commitments to
originate loans totaling $7.2 million and no commitments to purchase or sell
loans.  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 March 31, 2000.

     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.

<PAGE>

     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 $506,000 at March 31, 2000.

     At March 31, 2000, the Bank had committed to capital expenditures of $2.8
million for the construction of a new main office and operations center
scheduled for completion in mid 2001.

     On February 28, 2000, the Board of Directors of the Company declared a
quarterly cash dividend in the amount of $0.105 per share to each shareholder
of record on March 9, 2000, paid on March 15, 2000.



                            Results of Operations

Comparison of Three Months Ended March 31, 2000 and 1999

     General.  Net income increased $22,000, or 10.05%, from $219,000 for the
three months ended March 31, 1999, to $241,000 for the three months ended
March 31, 2000.  This increase was primarily attributed to an increase in net
interest income and partially offset by increases in noninterest expense.

     Interest Income.  The $19.8 million increase in average earning assets
contributed to an increase in interest income of $418,000, or 22.89%, for the
three months ended March 31, 2000, compared to the same period in 1999.  The
increase was attributed to the $392,000 increase in loan income from the
increased loan receivable balances. Of the overall increase in interest
income, $427,000 is attributable to earning asset volume increases offset by a
decrease of $9,000 attributable to rate or yield.

     Interest Expense.  Interest expense on deposit liabilities increased
$142,000, or 18.47%, for the three months ended March 31, 2000, as compared to
the same period in 1999.  Total average deposits increased by $8.4 million
comparing the quarters ended March 31, 2000 and 1999, and the average interest
rate paid on interest-bearing deposits increased by 20 basis points from 5.16%
for the three months ended March 31,1999, to 5.36% for the same period in
2000.  The average balance of FHLB advances increased from $13.5 million for
the three-month period ended March 31,1999, to $26.4 million for the same
period in 2000, resulting in an increase in interest on FHLB
advances of $194,000 for the three months ended March 31, 2000, compared to
the same period in 1999.  The payoff of notes payable partially offset by
$20,000 the increase in interest expense for the three months ended March 31,
2000.  Of the overall increase in interest expense, $261,000 is attributable
to interest costing liability volume increases, and an increase of $55,000 is
attributable to rates paid.

     Provision for Loan Losses.  The provision for loan losses was $15,000 and
there were no net charge-offs during the three months ended March 31, 2000,
compared to a $17,000 provision and net charge-offs of $10,163 during the
three months ended March 31, 1999.  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 $26,000 for the
three months ended March 31, 2000, compared to the same period in 1999.  The
increase was related mainly to the increased cash surrender value of life
insurance policies.

     Noninterest Expense.  Noninterest expense increased $114,000, or 21.15%,
to $653,000 for the three months ended March 31, 2000, from $539,000 in the
comparable period in 1999.  Of this increase, $52,000 was attributable to an
increase in compensation and benefit expense in 2000, reflecting the addition

<PAGE>

of staff related to preparation for the growth of the Bank.  The annualized
ratio of noninterest expense to average total assets was 2.39% and 2.47% for
the three months ended March 31, 2000 and 1999, respectively.

     Income Taxes.  The provision for income taxes decreased $6,000 for the
three months ended March 31, 2000, compared with the prior year, primarily as
a result of the composition of the taxable and non-taxable income for the
quarter.

<PAGE>

                      HOME CITY FINANCIAL CORPORATION

                        PART II - OTHER INFORMATION

=============================================================================

ITEM 1 - LEGAL PROCEEDINGS

         None


ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS

         Not Applicable


ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

         Not Applicable


ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         On April 26, 2000, the Corporation held its Annual Meeting of
         Shareholders.

         Each of the five directors nominated were elected to terms expiring
         in 2000 by the following votes:

          John D. Conroy          For:  649,606     Withheld:  21,472
                                        -------                ------
          P. Clark Engelmeier     For:  650,106     Withheld:  20,972
                                        -------                ------
          James Foreman           For:  647,141     Withheld:  23,937
                                        -------                ------
          Terry A. Hoppes         For:  650,106     Withheld:  20,972
                                        -------                ------
          Douglas L. Ulery        For:  650,106     Withheld:  20,972
                                        -------                ------

     One other matter was submitted to the shareholders, for which the
     following votes were cast:

     Ratification of the selection of Robb, Dixon, Francis, Davis, Oneson &
     Company as the auditors of Home City Financial Corporation for the
     current year:

     For: 670,428      Against: 0     Abstain: 650     Broker-Non-votes: 0
          -------              --              ---                      --



ITEM 5 - OTHER INFORMATION

         Not Applicable


ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

         a. Exhibit 27: Financial Data Schedule, March 31, 2000.

         b. No report on Form 8-K was filed during the quarter ended March 31,
            2000.

         c. Exhibit 99; Safe Harbor Under the Private 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



Date:       May 12,  2000              /s/Douglas L. Ulery
            -------------              --------------------------------
                                       Douglas L. Ulery
                                       President


Date:       May 12,  2000              /s/ Charles A. Mihal
            -------------              --------------------------------
                                       Charles A. Mihal
                                       Treasurer and Chief Financial Officer