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,  2002.
[  ]    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)

                                       N/A
                                       ---
    (FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST
                                     REPORT)

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

As  of  April  30,  2002,  784,400 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)

            Consolidated  balance  sheets  --                                 3
            March  31,  2002,  and  December  31,  2001

            Consolidated  statements  of  income  --                          4
            Three  months  ended  March  31,  2002  and  2001

            Consolidated  statements  of  changes  in                         5
            shareholders'  equity  --Three  months  ended  March  31,  2002

            Consolidated  statements  of  cash  flows --                      6
            Three  months  ended  March  31,  2002  and  2001

            Notes  to  consolidated  financial  statements                    7
            March  31,  2002,  and  December  31,  2001

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


PART  II     OTHER  INFORMATION

  Item  1.     Legal  Proceedings                                             14

  Item  2.     Changes in Securities and Use of Proceeds                      14

  Item  3.     Defaults upon Senior Securities                                14

  Item  4.     Submission  of  Matters  to  a  Vote  of  Security  Holders    14

  Item  5.     Other  Information                                             14

  Item  6.     Exhibits  and  Reports  on Form 8-K                            14

Signatures                                                                    15

<PAGE>

                         PART I - FINANCIAL INFORMATION
                         ITEM 1.   FINANCIAL STATEMENTS
                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>


                                                          (Dollars in thousands)
                                                       (Unaudited)
                                                       -----------
                                                         At March 31,     At December 31,
                                                         ------------     ---------------
                                                             2002               2001
                                                             ----               ----
<S>                                                           <C>        <C>
ASSETS
Cash and cash equivalents
 Cash and due from banks . . . . . . . . . . . . . . . . . .  $  1,363   $  2,133
 Interest-bearing demand deposits in other banks . . . . . .       419        638
 Federal funds sold. . . . . . . . . . . . . . . . . . . . .       923      2,239
                                                              ---------  ---------
   Total cash and cash equivalents . . . . . . . . . . . . .     2,705      5,010

Time deposits with original maturities of 90 days or more. .        24         24
Investment securities available-for-sale, at fair value. . .     3,729      4,008
Mortgage-backed securities available-for-sale, at fair value    12,317      9,603
Loans, net . . . . . . . . . . . . . . . . . . . . . . . . .   116,383    115,373
Stock in Federal Home Loan Bank. . . . . . . . . . . . . . .     2,103      2,079
Accrued interest receivable. . . . . . . . . . . . . . . . .       703        671
Properties and equipment . . . . . . . . . . . . . . . . . .     4,246      4,300
Cash surrender value of life insurance . . . . . . . . . . .     2,728      2,695
Deferred income taxes. . . . . . . . . . . . . . . . . . . .       374        169
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . .        65         65
Other intangibles. . . . . . . . . . . . . . . . . . . . . .       301        309
Other assets . . . . . . . . . . . . . . . . . . . . . . . .       287        317
                                                              ---------  ---------
                TOTAL ASSETS . . . . . . . . . . . . . . . .  $145,965   $144,623
                                                              =========  =========

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 96,514   $ 96,403
Federal Home Loan Bank Advances. . . . . . . . . . . . . . .    36,719     35,315
Note payable . . . . . . . . . . . . . . . . . . . . . . . .       306        307
Accrued interest payable . . . . . . . . . . . . . . . . . .       230        234
Advance payments by borrowers for taxes and insurance. . . .        76        142
Other liabilities. . . . . . . . . . . . . . . . . . . . . .       492        547
                                                              ---------  ---------

               TOTAL LIABILITIES . . . . . . . . . . . . . .   134,337    132,948

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 . . . . . . . . . . . . . . . . .     6,023      6,023
Retained earnings, substantially restricted. . . . . . . . .     8,344      8,365
Treasury shares, at cost . . . . . . . . . . . . . . . . . .    (2,266)    (2,266)
Accumulated other comprehensive income . . . . . . . . . . .        76        112
Common shares purchased by:
 Employee Stock Ownership Plan . . . . . . . . . . . . . . .      (381)      (381)
 Recognition and Retention Plan. . . . . . . . . . . . . . .      (168)      (178)
                                                              ---------  ---------
               TOTAL SHAREHOLDERS' EQUITY. . . . . . . . . .    11,628     11,675
                                                              ---------  ---------
               TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY. .  $145,965   $144,623
                                                              =========  =========


</TABLE>

                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                        CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>



                                                     (Dollars in thousands)
<S>                                                <C>            <C>
                                                  (Unaudited)     (Unaudited)
                                                3 Months Ended   3 Months Ended
                                                    March 31,        March 31,
                                                -------------    -------------
                                                        2002           2001
                                                -------------  ------------
INTEREST INCOME
Loans. . . . . . . . . . . . . . . .                $  2,241       $  2,497
Mortgage-backed securities . . . . .                     151             15
Investment securities. . . . . . . .                      68             73
Interest-bearing demand deposits . .                       1              4
Federal funds sold . . . . . . . . .                       4             12
                                                    --------       --------

 TOTAL INTEREST INCOME . . . . . . .                   2,465          2,601

INTEREST EXPENSE
Deposits . . . . . . . . . . . . . .                   1,072          1,078
Borrowed funds . . . . . . . . . . .                     498            556
                                                     -------       --------

 TOTAL INTEREST EXPENSE. . . . . . .                   1,570          1,634
                                                     -------       --------

 NET INTEREST INCOME . . . . . . . .                     895            967
Provision for loan losses. . . . . .                      13             10
                                                    --------      ---------

 NET INTEREST INCOME AFTER PROVISION
   FOR LOAN LOSSES . . . . . . . . .                     882            957

NONINTEREST INCOME
Service charges on deposits. . . . .                      10              7
Life insurance . . . . . . . . . . .                      39             20
Gain on sale of securities, net. . .                       2            134
Other income . . . . . . . . . . . .                     118             82
                                                   ---------      ---------

 TOTAL NONINTEREST INCOME. . . . . .                     169            243

NONINTEREST EXPENSE
Salaries and employee benefits . . .                     518            476
Supplies, telephone and postage. . .                      34             32
Occupancy and equipment. . . . . . .                     141             73
FDIC deposit insurance . . . . . . .                       4              4
Data processing. . . . . . . . . . .                      62             53
Legal, accounting and examination. .                      89             86
Franchise taxes. . . . . . . . . . .                      36             36
Other expenses . . . . . . . . . . .                     115            105
                                                   ---------      ---------

 TOTAL NONINTEREST EXPENSE . . . . .                     999            865
                                                    --------      ---------

 NET INCOME BEFORE FEDERAL INCOME
   TAX EXPENSE . . . . . . . . . . .                      52            335

Federal income tax (benefit) expense                     (13)            67
                                                    ---------     ---------

 NET INCOME. . . . . . . . . . . . .                $      65      $    268
                                                    =========      ========

Earnings per common share - basic. .  $                 0.09   $       0.36
Earnings per common share - diluted.  $                 0.08   $       0.33
</TABLE>

                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
<TABLE>
<CAPTION>

                               Number of shares                                  (Dollars in thousands)

                                                           Common      Common
                                                           shares      shares      Additional
                                  Common      Treasury     purchased   purchased   paid-in      Retained
                                  shares      shares       by ESOP     by RRP      capital      earnings
                               ------------  ---------     ----------  -----------  ----------  --------
<S>                              <C>         <C>          <C>         <C>         <C>          <C>
December 31, 2000 . . . . . .     952,200     (138,200)    (45,704)    (10,758)    $ 6,026      $ 7,934

Net income. . . . . . . . . .                                                                       782
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $174
Comprehensive income
Purchase of treasury shares .                 (29,600)
Shares allocated under
 Employee Stock
 Ownership Plan . . . . . . .                                7,618
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                            4,880          (3)
Dividends declared
 ($.44 per share) . . . . . .                                                                      (351)
                                  -------    ---------     -------      ------     --------     --------
Balance at December 31, 2001.     952,200    (167,800)     (38,086)     (5,878)    $  6,023     $ 8,365

Net income. . . . . . . . . .                                                                        65
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $18
Comprehensive income
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                              500
Dividends declared
 ($.11 per share) . . . . . .                                                                       (86)
                                  --------   --------      --------     -------    --------     --------
March 31, 2002. . .               952,200    (167,800)     (38,086)     (5,378)    $  6,023     $ 8,344
                                  =======    =========     ========     =======    ========     ========
</TABLE>

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

<TABLE>
<CAPTION>

                                         (Dollars  in  thousands)
                                                 Amounts
                                               -----------
                                               Accumulated
                                               other      Common      Common
                                               compre-    shares      shares       Compre-
                                 Treasury      hensive    purchased    purchased   hensive
                                 shares        income     by ESOP      by RRP      income
                               -------------  ---------  -----------  -----------  -------
<S>                             <C>           <C>        <C>          <C>          <C>
December 31, 2000 . . . . . .    $  (1,886)    $  449     $  (457)     $  (260)

Net income. . . . . . . . . .                                                      $  782
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $174. . . . . . . . .                     (337)                              (337)
                                                                                   -------
Comprehensive income. . . . .                                                      $  445
                                                                                   =======
Purchase of treasury shares .         (380)
Shares allocated under
 Employee Stock
 Ownership Plan . . . . . . .                                  76
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                                82
Dividends declared
 ($.44 per share)
                                  ---------     -----     -------       -------
Balance at December 31, 2001.    $  (2,266)    $  112    $  (381)      $  (178)

Net income. . . . . . . . . .                                                       $  65
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $18 . . . . . . . . .                     (36)                                (36)
                                                                                   -------
Comprehensive income. . . . .                                                       $  29
                                                                                    ======
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                              10
Dividends declared
 ($.11 per share)
                                 ---------     -------   --------      --------
March 31, 2002. . . . . . . .    $  (2,266)    $  76     $  (381)      $  (168)
                               =============  =========  ========      =========
</TABLE>

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


                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                      CONSOLIDATED STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>



                                                                     (Dollars in thousands)
                                                                           (Unaudited)
                                                                      3 Months    3 Months
                                                                        Ended       Ended
                                                                      March 31,    March 31,
                                                                     ---------     --------
                                                                        2002         2001
                                                                     ---------     --------
<S>                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $  65           $ 268
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Premium amortization, net of discount accretion. . . . . . . .       26               4
   Provision for loan losses. . . . . . . . . . . . . . . . . . . .     13              10
   (Gain) loss on sale of securities. . . . . . . . . . . . . . . .     (2)           (134)
   Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . .     61              21
   Amorization of goodwill and intangibles. . . . . . . . . . . . .      8              14
   Deferred income taxes. . . . . . . . . . . . . . . . . . . . . .   (214)             26
   Life insurance income, net of expenses . . . . . . . . . . . . .    (33)            (16)
   Employee Stock Ownership Plan compensation expense . . . . . . .     24              24
   Recognition and Retention Plan compensation expense. . . . . . .     23              24
   FHLB stock dividends . . . . . . . . . . . . . . . . . . . . . .    (24)            (34)
   Net change in:
     Accrued interest receivable. . . . . . . . . . . . . . . . .      (32)            (33)
     Accrued interest payable . . . . . . . . . . . . . . . . . . .     (4)             18
     Other assets . . . . . . . . . . . . . . . . . . . . . . . . .     30             468
     Other liabilities. . . . . . . . . . . . . . . . . . . . . . .    (55)           (448)
                                                                     -------       --------
 NET CASH (USED)  PROVIDED BY OPERATING ACTIVITIES. . . . . . . . .   (114)            212
                                                                     ------         -------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale . . . . . . . . . . . . .      0          (2,551)
Proceeds from sales of securities available-for-sale. . . . . . .      275           1,888
Proceeds from maturities of securities available-for-sale . . . . .      0             400
Purchase of mortgage-backed securities available-for-sale . . . . . (4,024)           (976)
Collections on mortgage-backed securities available-for-sale. . . .    904              16
Proceeds from sale of mortgage-backed securities available-for-sale    312               0
Purchase of  Life Insurance . . . . . . . . . . . . . . . . . . . .      0          (1,510)
Net increase in loans . . . . . . . . . . . . . . . . . . . . . . .  1,023)         (4,071)
Purchases of properties and equipment . . . . . . . . . . . . . . .     (7)         (1,270)
Purchase of FHLB stock. . . . . . . . . . . . . . . . . . . . . . .      0            (167)
                                                                    -------        --------
 NET CASH USED IN INVESTING ACTIVITIES. . . . . . . . . . . . . . . (3,563)         (8,241)
                                                                    -------        --------

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits. . . . . . . . . . . . . . . . . . . . . .    111           7,440
Net increase (decrease) in short-term FHLB advances . . . . . . . .  1,500          (3,700)
Proceeds from new long-term FHLB advances . . . . . . . . . . . . .      0           6,994
Payments on long-term FHLB advances . . . . . . . . . . . . . . . .    (96)         (1,612)
Net change in advance payments by borrowers for taxes and insurance    (66)            (57)
Payments on notes payable . . . . . . . . . . . . . . . . . . . . .     (1)             (6)
Distribution of common shares by Recognition and Retention Plan . .     10               8
Purchase of treasury shares . . . . . . . . . . . . . . . . . . . .      0             (34)
Cash dividends paid . . . . . . . . . . . . . . . . . . . . . . . .    (86)            (89)
                                                                     ------        --------
 NET CASH PROVIDED BY FINANCING ACTIVITIES. . . . . . . . . . . . .  1,372           8,944
                                                                     ------        --------

 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS . . . . . . . (2,305)            915
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD. . . . . . . . . .  5,010           1,593
                                                                     ------        --------

CASH AND CASH EQUIVALENTS AT END OF PERIOD. . . . . . . . . . . . .$ 2,705         $ 2,508
                                                                   ========        ========
</TABLE>

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


                         HOME CITY FINANCIAL CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                      MARCH 31, 2002, AND DECEMBER 31, 2001

                                   (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,  2002,  and  December  31,  2001,  and  the  consolidated  results of
operations  and  the  cash  flows  for the three months ended March 31, 2002 and
2001.  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, 2002,
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)
                                       Three
                                   Months Ended          Year Ended
                                     March 31,          December 31,
                                       2002                 2001
                                  -------------       --------------
<S>                                 <C>                 <C>
Balance, beginning of period         $  517              $  532
Provision for loan losses. .             13                 140
Charge-offs. . . . . . . . .            (11)               (180)
Recoveries . . . . . . . . .             13                  25
                                    ---------            -------

Balance, end of period . . .         $  532              $  517
                                    ========             =======
</TABLE>

NOTE  3.  ADVANCES  FROM  FEDERAL  HOME  LOAN  BANK

Borrowings  at  March  31,  2002, consisted of five short-term advances totaling
$2.3  million  and  nineteen  long-term advances totaling $34.4 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 March 31, 2002                      At December 31, 2001
                ------------------------------------------    -------------------------------------
                              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. . .  $ 2,287        1.90%-6.05%    2.10%            $   728     2.30%         2.30%

After one but
within five
years . . . .  $ 2,818        6.35%-8.35%    6.94%            $ 2,742     6.05%-8.35%   6.90%

After five
years . . . .  $31,614        3.30%-6.84%    5.65%            $31,845     3.30%-7.28%   5.66%
</TABLE>


NOTE  4.     REGULATORY  CAPITAL

The  following  table  illustrates  the  compliance  by  the Bank with currently
applicable  regulatory  capital  requirements  at  March  31,  2002.


<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)  $ 11,663      10.9%       $ 8,559   8.0%      $10,698   10.0%

Tier I Capital
     (To Risk-Weighted Assets)  $ 11,150      10.4%         N/A     N/A       $ 6,419    6.0%

Tier I Capital
    (To Total Assets). . . . .  $ 11,150       7.6%       $ 5,836   4.0% *    $ 7,295    5.0%

Tangible Capital
    (To Total Assets). . . . .  $ 11,150       7.6%       $ 2,189   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." 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, 2002
                                                        ----------------------------
                                                                  Weighted-
                                                                   average         Per
                                               Income               Shares       Share
                                              (Numerato)         (Denominator)  Amount
                                              ----------         -------------  -------
<S>                                           <C>                <C>           <C>
Basic EPS
    Income available to common shareholders.  $ 65,346            740,658       $  0.09

    Effective of dilutive securities
    RRP shares . . . . . . . . . . . . . . .         0              5,656
    ESOP shares. . . . . . . . . . . . . . .         0             38,086
    Stock options* . . . . . . . . . . . . .         0                  0
                                              ---------           -------

Diluted EPS
   Income available to common shareholders +
   assumed conversions . . . . . . . . . . .  $ 65,346            784,400       $  0.08
</TABLE>


*Because  the  exercise  prices  of  the options exceed the fair market value at
 March  31,  2002,  the  shares subject to options are not included in
 Calculating diluted earnings per share.
<TABLE>
<CAPTION>


                                               For the Three Months Ended
                                              ----------------------------
                                                     March 31, 2001
                                              ----------------------------
                                                         Weighted-
                                                         average        Per
                                             Income      Shares         Share
                                             (Numerator) (Denominator)  Amount
                                             ----------- ------------- -------
<S>                                           <C>        <C>           <C>
Basic EPS
   Income available to common shareholders.   $268,309    756,830       $ 0.36

   Effective of dilutive securities
   RRP shares. . . . . . . . . . . . . . . .         0     10,536
   ESOP shares.  . . . . . . . . . . . . . .         0     45,704
   Stock options*. . . . . . . . . . . . . .         0          0
                                              --------    -------

Diluted EPS
   Income available to common shareholders +
   assumed conversions . . . . . . . . . . .  $268,309    813,070      $  0.33
</TABLE>

*Because  the  exercise  prices  of  the options exceed the fair market value
 at  March  31,  2001, the  shares subject to options are not included in
 calculating diluted earnings per share.


                                     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.  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.   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 two
offices  located  in  Springfield, Ohio.  The primary market area of the Bank is
Clark  County,  Ohio,  and  contiguous  counties.

                         CHANGES IN FINANCIAL CONDITION

     At  March  31,  2002, the consolidated assets of the Company totaled $146.0
million,  an increase of $1.3 million, or 0.93%, from $144.6 million at December
31,  2001.  The  increase  in  total  assets  was primarily the result of a $1.0
million  increase  in  loans  receivable  funded  by  a $1.4 million increase in
advances  from  the  FHLB.

     Net loans receivable increased by $1.0 million, or 0.88%, to $116.4 million
at  March  31,  2002,  compared  to  $115.4  million  at December 31, 2001.  The
increase  was  primarily  in the non-residential real estate and commercial loan
portfolio.

     Total  cash and cash equivalents decreased by $2.3 million during the first
quarter  of  2002.  Federal funds sold and other overnight deposits decreased by
$1.3 million, or 58.78%, from $2.2 million at December 31, 2001.  Total cash and
balances  due  from  banks  decreased  by  $770,000  from the December 31, 2001,
balances.  The decrease in these balances is indicative of reemployment of these
funds  in  higher yielding investments, which primarily were the mortgage-backed
securities.

     During  the  three months ended March 31, 2002, principal payments totaling
$904,000  were  received  on  mortgage-backed  and  related  securities ("MBS").
During the same three-month period, $4.0 million was used to purchase additional
securities.

     Deposit  liabilities remained relatively unchanged, increasing $111,000, or
0.12%,  from  $96.4  million at December 31, 2001, to $96.5 million at March 31,
2002.   Deposits  increased  despite  management's  purposeful  diminishment  of
brokered  savings  deposits.

     Advances from the FHLB increased $1.4 million, or 3.98%, from $35.3 million
at  December  31,  2001,  to $36.7 million at March 31, 2002. The funds obtained
were  utilized  mainly  to  support  the  increased  loan  demand.

     Total  shareholders'  equity  remained  relatively  constant,  decreasing
$47,000, or 0.40%, from December 31, 2001, to March 31, 2002.  This decrease was
primarily the result of the $65,000 of first quarter 2002 income being offset by
the  $36,000  decrease in accumulated other comprehensive income and the $86,000
cash  dividend  payment.

     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  investment  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.  The liquidity ratio
is  the percentage that this average daily balance of liquid assets bears to the
sum  of  Home  City's average daily balance of net withdrawable deposit accounts
and  borrowings  payable  in  one  year or less.   At March 31, 2002, the Bank's
regulatory liquidity ratio was 5.39%.  At such date, the Bank had commitments to
originate  loans  totaling  $13.1 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,  2002.

     On  January 28, 2002, the Board of Directors of the Company declared a
quarterly  cash  dividend in the amount of $.11 per share to each shareholder of
record  on  March  4,  2002,  paid  on  March  15,  2002.


                              RESULTS OF OPERATIONS

COMPARISON  OF  THREE  MONTHS  ENDED  MARCH  31,  2002  AND  2001

     GENERAL.  Net  income  decreased $203,000, or 75.75%, from $268,000 for the
three  months  ended March 31, 2001, to $65,000 for the three months ended March
31,  2002.  This  decrease is the result of decreases in net interest income and
noninterest  income  as  well  as  an  increase  in  noninterest  expense.

     INTEREST  INCOME.  The  $14.8  million  increase  in average earning assets
offset  by  a  decrease  in  yields resulted in a decrease in interest income of
$136,000,  or  5.23%, for the three months ended March 31, 2002, compared to the
same  period  in  2001.   The decrease in yields caused a decline of $434,000 in
interest  income, which was partially offset to the extent of $297,000 due to an
increase  in  the  amount  of  average  interest-earnings  assets.

     INTEREST  EXPENSE.  Interest  expense  on  deposit  liabilities  decreased
$6,000,  or 0.56%, for the three months ended March 31, 2002, as compared to the
same  period  in  2001.  Total  average  deposits  increased  by  $17.6  million
comparing  the  quarters ended March 31, 2002 and 2001, but the average interest
rate  paid on interest-bearing deposits decreased by 113 basis points from 5.77%
for the three months ended March 31, 2001, to 4.64% for the same period in 2002.
The  average  balance  of  FHLB  advances  decreased  from $36.8 million for the
three-month period ended March 31, 2001, to $36.1 million for the same period in
2002  and,  coupled  with a 44 basis point decrease in rates paid, resulted in a
decrease  in  interest  on  FHLB  advances of $50,000 for the three months ended
March  31,  2002,  compared  to  the  same  period  in  2001.

     PROVISION  FOR LOAN LOSSES.  The provision for loan losses was $12,500, and
there  were  $2,000  in  net  recoveries during the three months ended March 31,
2002,  compared  to  a  $10,000  provision  and no net charge-offs or recoveries
during the three months ended March 31, 2001.  The provision was increased based
upon  the  results  of  the ongoing loan reviews and the composition of the loan
portfolio.

     NONINTEREST  INCOME.  Noninterest income decreased by $74,000 for the three
months  ended March 31, 2002, compared to the same period in 2001.  The decrease
was  the  result  of  last  year's recognition of a $134,000 gain on the sale of
investment  securities  versus  only  a $2,000 gain in the first quarter of this
year.   The  decrease  in the gain on sale of securities was partially offset by
both a $27,000 increase in the gross income generated by operations of Home City
Insurance Agency, Inc., the wholly owned subsidiary of the Company, as well as a
$19,000  increase  in  earnings  on  the  bank  owned  life  insurance.

     NONINTEREST EXPENSE.  Noninterest expense increased $134,000, or 15.49%, to
$999,000  for  the  three  months  ended  March  31,  2002, from $865,000 in the
comparable  period  in  2002.  Of  this increase, $42,000 was attributable to an
increase in compensation and benefit expense in 2002, reflecting the addition of
staff  related  to  the  growth of the Bank and the insurance agency subsidiary.
Likewise  occupancy  and  equipment  expenses  increased  $68,000,  or  93.15%,
reflecting  operating  costs associated with the new main office which opened in
July, 2001.  The annualized ratio of noninterest expense to average total assets
was  2.75%  and  2.68%  for  the  three  months  ended  March 31, 2002 and 2001,
respectively.

     INCOME  TAXES.  The  provision  for  income taxes decreased $80,000 for the
three  months ended March 31, 2002, compared with the prior year, primarily as a
result  of  decreased  net  income  and  the  composition  of  the  taxable  and
non-taxable  income  for  the  quarter.

<PAGE>


                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                           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 23, 2002, the Corporation held its Annual Meeting of
     Shareholders.

     Each of the five directors nominated were elected to terms expiring
     in 2003 by  the  following  votes:

     Glenn  W.  Collier  For: 627,612  Withheld: 7,850  Broker Non-votes  0
     John  D. Conroy     For: 633,612  Withheld: 1,850  Broker Non-votes  0
     James  Foreman      For: 629,457  Withheld: 6,005  Broker Non-votes  0
     Terry  A.  Hoppes   For: 633,612  Withheld: 1,850  Broker Non-votes  0
     Douglas L. Ulery    For: 614,896  Withheld:20,566  Broker Non-votes  0

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

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

     For:     632,512     Against:     1,000     Abstain:     1,950
              -------                  -----                  -----
     Broker-Non-votes:     0
                         ---


ITEM  5  -  OTHER  INFORMATION

      Not  Applicable


ITEM  6  -  EXHIBITS  AND  REPORTS  ON  FORM  8-K

      a. No  report on Form 8-K was filed during the quarter ended
         March 31, 2002.
      b. 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 15, 2002
-----------------------------            ----------------------------------
                                         Douglas  L.  Ulery
                                         President


 Date:       May 15, 2002
----------------------------             ----------------------------------
                                         Charles  A.  Mihal
                                         Treasurer  and  Chief
                                         Financial  Officer