U.S.  SECURITIES  AND  EXCHANGE  COMMISSION
                           WASHINGTON,  D.C.  20549
                                 FORM  10-QSB
(Mark  One)
[ X ]  QUARTERLY  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE
       SECURITIES  EXCHANGE  ACT  OF  1934  FOR  THE  QUARTERLY  PERIOD
       ENDED  SEPTEMBER  30,  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 ADDRESS LAST REPORT)

As  of  November  6, 2002, 784,400 common shares of stock of the Registrant were
outstanding.  There  were  no  preferred  shares  outstanding.

Transitional  Small  Business  Disclosure  Format (Check one):Yes__No_X___

                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                                   FORM 10-QSB
                                      INDEX
                                                                  Page  Number
PART  I  FINANCIAL  INFORMATION

ITEM
    1.  Financial  Statements  (Unaudited)

        Consolidated  balance  sheets                                        3
        September  30,  2002,  and  December  31,  2001

        Consolidated  statements  of  income                                 4
        Three  and  nine  months  ended  September  30,  2002  and  2001

        Consolidated  statements  of  changes  in                            5
        shareholders'  equity  Nine  months  ended  September  30,
        2002

        Consolidated  statements  of  cash  flows                            6
        Nine  months  ended  September  30,  2002  and  2001

        Notes  to  consolidated  financial                                   7
        statements   September  30,  2002,  and  December  31,  2001

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

    3.  Controls  and  Procedures                                           18

PART  II  OTHER  INFORMATION

ITEM
    1.  Legal  Proceedings                                                  19

    2.  Changes  in  Securities  and  Use  of  Proceeds                     19

    3.  Defaults  upon  Senior  Securities                                  19

    4.  Submission  of  Matters  to  a Vote of Security Holders             19

    5.  Other  Information                                                  19

    6.  Exhibits  and  Reports  on  Form  8-K                               19

Signatures                                                                  20

Certifications                                                              20


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

<TABLE>
<CAPTION>
                                                                  (Dollars in thousands)
                                                              (Unaudited)
                                                              -----------
                                                             At September 30,       December 31,
                                                                  2002                  2001
                                                             ----------------     --------------
<S>                                                         <C>                    <C>
ASSETS
Cash and cash equivalents
        Cash and due from banks. . . . . . . . . . . . . . .  $  3,905              $  2,133
        Interest-bearing demand deposits in other banks. . .       583                   638
        Federal funds sold . . . . . . . . . . . . . . . . .       699                 2,239
                                                              ---------             ---------
             Total cash and cash equivalents . . . . . . . .     5,187                 5,010

Time deposits with original maturities of 90 days or more. .        24                    24
Investment securities available for sale, at fair value. . .     4,608                 4,008
Mortgage-backed securities available for sale, at fair value     6,599                 9,603
Loans, net . . . . . . . . . . . . . . . . . . . . . . . . .   121,451               115,373
Stock in Federal Home Loan Bank. . . . . . . . . . . . . . .     2,153                 2,079
Accrued interest receivable. . . . . . . . . . . . . . . . .       585                   671
Properties and equipment . . . . . . . . . . . . . . . . . .     4,119                 4,300
Cash surrender value of life insurance . . . . . . . . . . .     2,795                 2,695
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . .        65                    65
Other intangibles. . . . . . . . . . . . . . . . . . . . . .       286                   309
Deferred income taxes. . . . . . . . . . . . . . . . . . . .       471                   169
Other assets . . . . . . . . . . . . . . . . . . . . . . . .       351                   317
                                                              ---------             ---------
 TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . .  $148,694              $144,623
                                                              =========             =========
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 99,795              $ 96,403
Federal Home Loan Bank Advances. . . . . . . . . . . . . . .    36,025                35,315
Note payable . . . . . . . . . . . . . . . . . . . . . . . .       303                   307
Accrued interest payable . . . . . . . . . . . . . . . . . .       216                   234
Advance payments by borrowers for taxes and insurance. . . .       108                   142
Other liabilities. . . . . . . . . . . . . . . . . . . . . .       622                   547
                                                              ---------             ---------
 TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . .   137,069               132,948
SHAREHOLDERS' EQUITY
Preferred shares, no par value; 1,000,000 shares . . . . . .         0                     0
 authorized; none issued
Common shares, no par value; 5,000,000 shares. . . . . . . .         0                     0
 authorized; 952,200 shares issued
Additional paid-in capital . . . . . . . . . . . . . . . . .     6,023                 6,023
Retained earnings, substantially restricted. . . . . . . . .     8,439                 8,365
Treasury shares, at cost . . . . . . . . . . . . . . . . . .    (2,266)               (2,266)
Accumulated other comprehensive income . . . . . . . . . . .       (22)                  112
Common shares purchased by:
 Employee Stock Ownership Plan . . . . . . . . . . . . . . .      (381)                 (381)
 Recognition and Retention Plan. . . . . . . . . . . . . . .      (168)                 (178)
                                                              ---------             ---------
 TOTAL SHAREHOLDERS' EQUITY. . . . . . . . . . . . . . . . .    11,625                11,675
                                                              ---------             ---------
 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY. . . . . . . . .  $148,694              $144,623
                                                              =========             =========
</TABLE>

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

                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                        CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                                       (Dollars in thousands)
                                (Unaudited)       (Unaudited)        (Unaudited)        (Unaudited)
                              3 Months Ended     3 Months Ended     9 Months Ended     9 Months Ended
                               September 30,      September 30,      September 30,      September 30,
                              -------------       -------------     -------------       -------------
                                  2002              2001                2002                 2001
                                  ----              ----                ----                 ----
<S>                             <C>                <C>                 <C>                  <C>
INTEREST INCOME
Loans . . . . . . . . . . . . . .$2,298             $2,398              $6,785               $7,385
Mortgage-backed securities. . .      10                 39                 356                   82
Investment securities . . . . . . .  61                 82                 187                  233
Interest-bearing demand deposits. .   9                  2                  12                    8
Federal funds sold. . . . . . . . .   8                 37                  18                   60
                                 ------             ------              ------               ------
    TOTAL INTEREST INCOME . . .   2,386              2,558               7,358                7,768
INTEREST EXPENSE
Deposits. . . . . . . . . . . .     981              1,178               3,075                3,391
Borrowed funds. . . . . . . . .     506                501               1,510                1,592
                                 ------             ------              ------               ------
    TOTAL INTEREST EXPENSE. . .   1,487              1,679               4,585                4,983
                                 ------             ------              ------               ------
    NET INTEREST INCOME . . . .     899                879               2,773                2,785
Provision for loan losses . . . .    52                  0                 301                   20
                                 ------             ------              ------               ------
    NET INTEREST INCOME AFTER
        PROVISION FOR LOAN LOSSES   847                879               2,472                2,765
NONINTEREST INCOME
Service charges on deposits . .       9                  8                  27                   22
Life insurance. . . . . . . . . . .  41                 39                 118                   93
Gain on sale of securities, net . .  61                122                 319                  256
Other income. . . . . . . . . . . . 125                124                 376                  335
                                  -----             ------              ------               ------
    TOTAL NONINTEREST INCOME. .     236                293                 840                  706
NONINTEREST EXPENSE
Salaries and employee benefits.     494                491               1,517                1,457
Supplies, telephone and postage . .  24                 49                  84                  128
Occupancy and equipment . . . . .   135                122                 411                  264
FDIC deposit insurance. . . . . . .   5                  4                  13                   11
Data processing . . . . . . . . . .  61                 61                 183                  164
Legal, accounting and examination .  78                 59                 270                  215
Franchise taxes . . . . . . . . . .  36                 36                 108                  108
Other expenses. . . . . . . . . .   122                149                 374                  361
                                 ------             ------              ------               ------
    TOTAL NONINTEREST EXPENSE .     955                971               2,960                2,708
                                 ------             ------              ------               ------
    NET INCOME BEFORE FEDERAL
        INCOME TAX EXPENSE. . .     128                201                 352                  763
Federal income tax expense. . . .     1                 15                  21                  120
                                 ------             ------              ------               ------
    NET INCOME. . . . . . . . .  $  127             $  186              $  331               $  643
                                 ======             ======              ======               ======
Earnings per common share -basic $ 0.17             $ 0.25              $ 0.45               $ 0.86
Earnings per common share-diluted$ 0.16             $ 0.23              $ 0.42               $ 0.80
</TABLE>

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


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

<TABLE>
<CAPTION>
                                        Number of shares
                                                      Common        Common
                                                      shares        shares
                                Common    Treasury    purchased     purchased
                                shares    shares      by ESOP       by RRP
                                ------     ------     -------       ------
<S>                            <C>       <C>         <C>           <C>
Balance at December 31, 2000.   952,200   (138,200)   (45,704)      (10,758)
Net income
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $174
Comprehensive income
Purchase of treasury shares .              (29,600)
Shares allocated under
 Employee Stock
 Ownership Plan . . . . . . .                            7,618
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                          4,880
Dividends declared
 ($.44 per share) . . .
                               --------   ----------  --------      --------
Balance at December 31, 2001.   952,200   (167,800)   (38,086)       (5,878)
Net income
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $(69)
Comprehensive income
Shares earned under
 Recognition and
 Retention Plan . .                                                      500
Dividends declared
 ($.33 per share) . . . . . .
                               --------   ----------  --------      --------
September 30, 2002. . . . . .   952,200   (167,800)   (38,086)       (5,378)
                               ========   ==========  ========      ========
</TABLE>

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


<TABLE>
<CAPTION>

                                                    (Dollars in thousands)
                                                             Amounts
                                                           Accumulated
                                                              other     Common         Common
                              Additional                      compre-   shares         shares        Compre-
                              paid-in     Retained  Treasury  hensive   purchased      purchased     hensive
                              capital     earnings  shares    income    by ESOP        by RRP        income
                              -------     --------   -------   ------    -------        ------        ------
<S>                            <C>        <C>       <C>       <C>       <C>           <C>           <C>
Balance at December 31, 2000 .  $ 6,026    $7,934    $(1,886)  $   449   $  (457)      $  (260)
Net income. . . . . . . . . .                 782                                                    $  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 . . . . . . .       (3)                                                     82
Dividends declared
 ($.44 per share) . . . . . .               (351)
                               --------   -------    --------   --------   --------   --------
Balance at December 31, 2001.  $ 6,023     $8,365    $(2,266)  $   112   $   (381)     $  (178)
Net income. . . .            . . . . . .      331                                                    $  331
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
 available-for-sale, net of
 deferred income
 tax of $(69) . . . . . . . .                                     (134)                                (134)
                                                                                                     -------
Comprehensive income. . . . .                                                                        $  197
                                                                                                     =======
Shares earned under
 Recognition and
 Retention Plan . . . . . . .                                                                10
Dividends declared
 ($.33 per share) . . . . . .               (257)
                               --------   -------    --------  --------   --------      --------
September 30, 2002. . . . . .  $ 6,023     $8,439    $(2,266)  $   (22)   $  (381)      $  (168)
                               ========   =======    ========  ========   ========      ========
</TABLE>

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


                                    HOME CITY FINANCIAL CORPORATION
                                          SPRINGFIELD, OHIO
                                CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                   (Dollars in thousands)
                                                                        (Unaudited)
                                                                     9 Months    9 Months
                                                                      Ended        Ended
                                                                  September 30,  September 30,
                                                                  -------------  -------------
                                                                       2002         2001
                                                                       ----         ----
<S>                                                                 <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $    331     $  643
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Premium amortization, net of discount accretion. . . . . . . . .        76         24
   Provision for loan losses. . . . . . . . . . . . . . . . . . . .       301         20
   Gain on sale of securities . . . . . . . . . . . . . . . . . . .      (319)      (256)
   Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . .       181         90
   Amortization of goodwill and intangibles . . . . . . . . . . . .        23         41
   Deferred income taxes. . . . . . . . . . . . . . . . . . . . . .      (294)      (380)
   Life insurance income, net of expenses . . . . . . . . . . . . .      (100)       (78)
   Employee Stock Ownership Plan compensation expense . . . . . . .        72         96
   Recognition and Retention Plan compensation expense. . . . . . .        48         68
   FHLB stock dividends . . . . . . . . . . . . . . . . . . . . . .       (74)      (105)
   Net change in:
     Accrued interest receivable. . . . . . . . . . . . . . . . . .        86        (60)
     Accrued interest payable . . . . . . . . . . . . . . . . . . .       (18)        16
     Other assets . . . . . . . . . . . . . . . . . . . . . . . . .       (34)       424
     Other liabilities. . . . . . . . . . . . . . . . . . . . . . .        75        864
                                                                     ---------  ---------
 NET CASH PROVIDED BY OPERATING ACTIVITIES. . . . . . . . . . . . .       354      1,407
                                                                     ---------  ---------
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available for sale . . . . . . . . . . . . .    (8,130)    (2,617)
Proceeds from sales of securities available for sale. . . . . . . .     7,610      1,938
Proceeds from maturities of securities available for sale . . . . .        25        400
Purchase of mortgage-backed securities available for sale . . . . .   (10,779)    (8,633)
Collections on mortgage-backed securities available for sale. . . .     1,981        174
Proceeds from sale of mortgage-backed securities available for sale    11,686          0
Purchase of life insurance. . . . . . . . . . . . . . . . . . . . .         0     (1,510)
Net increase in loans . . . . . . . . . . . . . . . . . . . . . . .    (6,379)    (4,264)
Purchases of properties and equipment . . . . . . . . . . . . . . .        (8)    (2,153)
Purchase of FHLB stock. . . . . . . . . . . . . . . . . . . . . . .         0       (167)
                                                                     ---------  ---------
 NET CASH USED IN INVESTING ACTIVITIES. . . . . . . . . . . . . . .    (3,994)   (16,832)
                                                                     ---------  ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits. . . . . . . . . . . . . . . . . . . . . .     3,392     20,508
Net increase (decrease) in short-term FHLB advances . . . . . . . .     1,000     (4,700)
Proceeds from new long-term FHLB advances . . . . . . . . . . . . .         0     11,000
Payments on long-term FHLB advances . . . . . . . . . . . . . . . .      (290)    (5,835)
Net change in advance payments by borrowers for taxes and insurance       (34)       (66)
Payments on notes payable . . . . . . . . . . . . . . . . . . . . .        (4)       (18)
Distribution of common shares by Recognition and Retention Plan . .        10          8
Purchase of treasury shares . . . . . . . . . . . . . . . . . . . .         0       (297)
Cash dividends paid . . . . . . . . . . . . . . . . . . . . . . . .      (257)      (265)
                                                                     ---------  ---------
 NET CASH PROVIDED BY FINANCING ACTIVITIES. . . . . . . . . . . . .     3,817     20,335
                                                                     ---------  ---------
 NET INCREASE IN CASH AND CASH EQUIVALENTS. . . . . . . . . . . . .       177      4,910
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD. . . . . . . . . .     5,010      1,593
                                                                     ---------  ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD. . . . . . . . . . . . .  $  5,187   $  6,503
                                                                     =========  =========
</TABLE>

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


                         HOME CITY FINANCIAL CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                    SEPTEMBER 30, 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
September  30,  2002,  and  December  31,  2001, and the consolidated results of
operations  for the three and nine months ended September 30, 2002 and 2001, and
the  cash  flows for the nine months ended September 30, 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 and nine months ended September 30, 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)
                                Nine
                             Months Ended     Year Ended
                            September 30,     December 31,
                                2002             2001
                                ----             ----
<S>                            <C>              <C>
Balance, beginning of period    $ 517        $ 532
Provision for loan losses. .      301          140
Charge-offs. . . . . . . . .     (398)        (180)
Recoveries . . . . . . . . .       23           25
                              ------         ------

Balance, end of period . . .    $ 443        $ 517
                               ======        ======
</TABLE>

NOTE  3.     ADVANCES  FROM  FEDERAL  HOME  LOAN  BANK

Borrowings at September 30, 2002, consisted of four short-term advances totaling
$1.7  million  and  nineteen  long-term advances totaling $34.3 million from the
Federal  Home Loan Bank of Cincinnati ("FHLB").  The advances are collateralized
by  all  shares  of  FHLB  stock  owned by the Home City Federal Savings Bank of
Springfield  ("Bank")  and  by  the  Bank's  qualified  mortgage loan portfolio.


Scheduled  maturities  of  advances  from  the  FHLB  were  as  follows:


<TABLE>
<CAPTION>


                                              (Dollars in thousands)
                            At September 30, 2002                  AT DECEMBER 31, 2001
                            ----------------------                ---------------------
                           Range of     Weighted-                   Range of     Weighted-
                           interest     average                     interest     average
                Amount     rates        interest rat     Amount     rates        interest rate
                ------     -----        -------------    ------     -----        -------------


<S>           <C>        <C>               <C>           <C>         <C>            <C>
Due within
one year. . .  $ 1,757    2.03% - 6.05%     2.16%         $   728     2.30%          2.30%

After one but
within five
years . . . .  $ 4,266    6.35% - 8.35%     6.75%         $ 2,742     6.05% - 8.35%  6.90%

After five
years . . . .  $30,002    3.30% - 6.84%     5.61%         $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  September  30,  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)  $11,716    11.0%       $8,522     8.0%      $10,652   10.0%

Tier I Capital
(To Risk-Weighted Assets)  $11,273    10.6%         N/A       N/A      $ 6,391    6.0%

Tier I Capital
(To Total Assets) . . . .  $11,273     7.6%       $5,927     4.0% *    $ 7,410    5.0%

Tangible Capital
(To Total Assets) . . . .  $11,273     7.6%       $2,223     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,  shares  awarded  but  not released under the Company's Recognition and
Retention  Plan  ("RRP"),  and stock options granted under the Stock Option Plan
("SOP").  Following  is  a  reconciliation of the numerators and denominators of
the  basic  and  diluted  EPS  calculations.


<TABLE>
<CAPTION>
                                                           For the Three Months Ended
                                                           --------------------------
                                                              September 30, 2002
                                                              ------------------
                                                             Weighted-              -
                                                              average         Per
                                             Income           Shares         Share
                                          (Numerator)     (Denominator)     Amount
                                          -----------     -------------     ------
<S>                                         <C>             <C>             <C>
Basic EPS
 Income available to common shareholders .  $127,588         740,936         $0.17
 Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .         0           5,378
 ESOP shares . . . . . . . . . . . . . . .         0          38,086
 Stock options  *. . . . . . . . . . . . .         0               0
                                            --------         -------
Diluted EPS
 Income available to common shareholders +
 assumed conversions . . . . . . . . . . .  $127,588         784,400            $0.16
</TABLE>

*Because  the  exercise  prices  of  the options exceed the fair market value at
 September  30,  2002,  the  shares subject to options are not included in
 calculating diluted earnings per share.
<TABLE>
<CAPTION>


                                                 For the Three Months Ended
                                                 --------------------------
                                                     September 30, 2001
                                                     ------------------
                                                          Weighted-
                                                           average       Per
                                             Income         Shares       Share
                                            (Numerator)   (Denominator)  Amount
                                            -----------   -------------  ------
<S>                                         <C>           <C>           <C>
Basic EPS
 Income available to common shareholders .  $186,534       741,101       $0.25
 Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .         0        10,258
 ESOP shares . . . . . . . . . . . . . . .         0        45,704
 Stock options . . . . . . . . . . . . . .         0        10,935
                                            --------       -------

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


<TABLE>
<CAPTION>


                                               For the Nine Months Ended
                                               -------------------------
                                                   September 30, 2002
                                                   ------------------
                                                        Weighted-
                                                         average          Per
                                              Income     Shares           Share
                                           (Numerator)   (Denominator)    Amount
                                           ----------    -------------    ------
<S>                                         <C>          <C>             <C>
Basic EPS
 Income available to common shareholders .  $331,895      740,843         $0.45
 Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .         0        5,471
 ESOP shares . . . . . . . . . . . . . . .         0       38,086
 Stock options  *. . . . . . . . . . . . .         0            0
                                            --------      -------

Diluted EPS
 Income available to common shareholders +
 assumed conversions . . . . . . . . . . .  $331,895      784,400         $0.42
</TABLE>

*Because  the  exercise  prices  of  the options exceed the fair market value at
 September  30,  2002,  the  shares subject to options are not included in
 calculating diluted earnings per share.
<TABLE>
<CAPTION>


                                                    For the Nine Months Ended
                                                    -------------------------
                                                        September 30, 2001
                                                        ------------------
                                                             Weighted-
                                                              average         Per
                                              Income           Shares         Share
                                            (Numerator)     (Denominator)     Amount
                                            -----------     -------------     ------
<S>                                          <C>           <C>               <C>
Basic EPS
 Income available to common shareholders .   $643,139       750,077           $0.86
             Effect of dilutive securities
 RRP shares. . . . . . . . . . . . . . . .          0        10,350
 ESOP shares . . . . . . . . . . . . . . .          0        45,704
 Stock options . . . . . . . . . . . . . .          0         2,757
                                             --------        -------
Diluted EPS
 Income available to common shareholders +
 assumed conversions . . . . . . . . . . .  $643,139         808,888          $0.80
</TABLE>

NOTE  6.     RECENT  ACCOUNTING  PRONOUNCEMENTS

The  Financial  Accounting  Standards  Board  issued  SFAS  No.  141,  "Business
Combinations", and SFAS No. 142, "Goodwill and Other Intangible Assets", on July
20,  2002.

SFAS  No.  141  provides  that  all business combinations shall be accounted for
using  the  purchase  method  of accounting; the use of the pooling-of-interests
method  will  be  prohibited.  The  provisions of SFAS No. 141 will apply to all
business  combinations  initiated  after  June  30,  2002,  or  all  business
combinations  accounted for by the purchase method that are completed after June
30,  2002.  HCFC  has not been involved in any business combinations affected by
SFAS  No.  141.

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

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

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

SFAS  No.  143, "Accounting for Asset Retirement Obligations", was issued by the
FASB  on  August 16, 2002. This FASB focuses on accounting for closure costs for
assets that cannot be simply abandoned or disposed of at the end of their useful
lives.  Examples  include  cleanup costs for nuclear power plants or restoration
costs for landfills and strip mines. HCFC does not own any assets requiring such
closure  costs  and  is  not  affected  by  this  statement.

SFAS  No.  144,  "Accounting for the Impairment or Disposal of Long-Lived Assets
and  for Long-Lived Assets to Be Disposed Of", was issued by the FASB on October
3,  2002,  and  is effective for fiscal years beginning after December 15, 2002.
This  statement  effectively  supercedes SFAS No. 121 and APB Opinion No. 30 and
requires  that long-lived assets, including discontinued operations, that are to
be disposed of by sale be measured at the lower of carrying amount or fair value
less  cost  to  sell.  The statement also resolves certain implementation issues
regarding  SFAS  No. 121.  Discontinued operations will no longer be measured at
net  realizable  value or include amounts for operating losses that have not yet
occurred.  In  addition,  the  definition  of  "discontinued  operations"  was
broadened  to  include  all  components of an entity with operations that can be
distinguished  from  the rest of the entity and that will be eliminated from the
ongoing operations of the entity in a disposal transaction.  The only long-lived
assets  owned  by  HCFC  are  its  offices.  This  statement,  therefore, is not
expected  to  have a material impact on HCFC's statements of financial condition
or  results  of  operations.
                                     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  that  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  99.1  attached hereto, "Safe Harbor Under the Private
Securities  Litigation  Reform Act of 1995", which is incorporated by reference.

GENERAL

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

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

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

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

The  Bank  is  a  member  of  the  FHLB, conducting its business through its 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  September  30,  2002,  the consolidated assets of the Company totaled $148.7
million,  an increase of $4.1 million, or 2.81%, from $144.6 million at December
31,  2002.  The  increase  in  total  assets  was primarily the result of a $6.1
million  increase  in  net  loans receivable, funded primarily by a $3.4 million
increase  in deposits and a $3.0 million decrease in mortgage-backed securities.

Net  loans  receivable  increased  by $2.6 million during the three months ended
September  30, 2002, in addition to the $3.5 million increase experienced during
the first six months ended June 30, 2002.  The net increase in loans outstanding
since December 31, 2001, was $6.1 million, or 5.27%.  The increase was primarily
in  the  non-residential  real  estate  and  commercial  loan  portfolio.

Mortgage-backed  securities decreased by a net of $3.0 million from December 31,
2001  to  September  30,  2002,  largely  due to the sale of securities with the
majority  of  the  proceeds  being  utilized  to help fund new loans. Investment
securities  also  increased  by  $600,000  during  the  nine-month  period ended
September  30,  2002.

The  cash  surrender  value of life insurance policies on certain members of the
Board  of  Directors  increased  $100,000,  or 3.71 %, to $2.8 million from $2.7
million  at  December  31,  2001.

Total  cash  and  cash  equivalents  decreased  by $1.4 million during the third
quarter  of 2002, nearly offsetting the $1.6 million increase experienced in the
first  six  months  of  2002.  Federal  funds  sold and other overnight deposits
decreased  $1.5  million,  or  6.88%,  from  $2.2 million, at December 31, 2001.
Total  cash  and  non-interest-bearing  balances  due  from  correspondent banks
increased  by $1.7 million from the December 31, 2001, balances. These increases
resulted  primarily  from the reemployment of investible funds and the continued
growth  of  deposits  during  the  first  nine  months  of  2002.

Investment  securities  increased  $600,000,  or  14.97%,  from  $4.0 million at
December  31,  2001,  to  $4.6  million at September 30, 2002.  The increase was
primarily  the result of the net increase in the Bank's municipal bond holdings.

During  the  nine  months  ended  September  30, 2002, $2.0 million of principal
payments  were  received  on mortgage-backed and related securities.  During the
same  nine-month  period,  $3.4 million of the new deposits generated during the
main  office  opening  were  used  for  the  funding  of  loans.

Deposit liabilities increased $1.4 million, or 1.45%, from $98.4 million at June
30,  2002, to $99.8 million at September 30, 2002.  This increase is in addition
to  the  $2.0  million increase experienced during the first six months of 2002.
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.

Advances  from  the  FHLB  increased  $710,000,  or 2.01%, from $35.3 million at
December  31,  2001, to $36.0 million at September 30, 2002.  The funds borrowed
were  utilized  to  fund  loans.

Total  shareholders' equity remained relatively constant during the nine months,
decreasing  $50,000,  or  0.43%,  from December 31, 2001, to September 30, 2002.
This  decrease  was  primarily the result of the $257,000 cash dividend payments
and  the $134,000 decrease in accumulated other comprehensive income, which were
offset  by  $331,000  in  earnings  and  the  $10,000  RRP  distribution.

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

OTS  regulations presently require the Bank to maintain an average daily balance
of  liquid  assets,  which  may  include, but are not limited to, investments in
United  States Treasury, federal agency obligations and other investments having
maturities of five years or less, in an amount sufficient to provide a source of
relatively  liquid  funds  upon  which  the  Bank  may rely if necessary to fund
deposit  withdrawals  or other short-term funding needs.  At September 30, 2002,
the  Bank's  regulatory  liquidity ratio was 13.15%.  The liquidity ratio is the
percentage  that this average daily balance of liquid assets bears to the sum of
the  Bank's  average balance of net withdrawable deposit accounts and borrowings
payable in one year of less. At such date, the Bank had commitments to originate
loans  totaling $14.2 million, no commitments to purchase loans and a commitment
to  sell  loans  of  $1.0 million.  The Bank considers its liquidity and capital
reserves  sufficient  to  meet  its  outstanding  short-  and  long-term  needs.
Adjustments to liquidity and capital reserves may be necessary, however, if loan
demand  increases  more  than  expected  or  if deposits decrease substantially.

The  Bank  is  required by applicable law and regulation to meet certain minimum
capital  standards.  Such  capital  standards  include  a  tangible  capital
requirement,  a  core  capital  requirement  or  leverage ratio and a risk-based
capital  requirement.  See "Note 4 - Regulatory Capital."  The Bank exceeded all
of  its  capital  requirements  at  September  30,  2002.

On  January 28, 2002, the Board of Directors of the Company declared a quarterly
cash  dividend in the amount of $0.11 per share to each shareholder of record on
March  4, 2002, paid on March 15, 2002.  On May 28, 2002, the Board of Directors
of  the  Company  declared  a quarterly cash dividend in the amount of $0.11 per
share to each shareholder of record on June 10, 2002, paid on June 17, 2002.  On
August 26, 2002, the Board of Directors of the Company declared a quarterly cash
dividend  in  the  amount  of  $0.11  per share to each shareholder of record on
September  9,  2002,  paid  on  September  16,  2002.

<PAGE>
                              RESULTS OF OPERATIONS

COMPARISON  OF  THREE  MONTHS  ENDED  SEPTEMBER  30,  2002  AND  2001

GENERAL.  Net  income  decreased $59,000, or 31.72%, from $186,000 for the three
months  ended  September  30,  2001,  to  $127,000  for  the  three months ended
September  30,  2002.  This decrease was primarily attributed to $52,000 more in
provision  for  possible  loan  losses and the decrease in net realized security
gains  of  $61,000,  which was partially offset by an increase of $20,000 in net
interest  income,  a  decrease  of  $16,000  in  total noninterest expense and a
decrease  of  $14,000  in  the  provision  for  federal  income  tax  expense.

INTEREST  INCOME.  The  decrease in yields on average earning assets contributed
to  a  decrease  in  interest income of $172,000, or 6.72%, for the three months
ended  September 30, 2002, compared to the same period in 2001. The decrease was
attributed  mainly to the decrease of 101 basis points in yield.  Of the overall
decrease  in  interest  income,  $329,000 is attributable to earning asset yield
decreases,  offset  by  an  increase  of $157,000 attributable to an increase in
asset  volumes.

INTEREST  EXPENSE.  Interest  expense on deposit liabilities decreased $197,000,
or  16.72%,  for  the  three months ended September 30, 2002, as compared to the
same  period  in  2001.  The  total  average  deposits increased by $9.1 million
comparing the quarter ended September 30, 2002, to the same quarter of 2001, but
the average interest rate paid on interest-bearing deposits decreased from 5.51%
for  the  three  months  ended  September 30, 2001, to 4.14% for the same period
ended September 30, 2002.  The average rate paid on FHLB advances increased from
5.59% for the three-month period ended September 30, 2001, to 5.72% for the same
period  ended  September  30, 2002, resulting in an increase in interest on FHLB
advances  of  $5,000  for the three months ended September 30, 2002, compared to
the same period ended September 30, 2001.  The interest costing liability volume
increases,  $8.70  million,  were  more  than  offset  by  the $249,000 decrease
attributable  to decreasing rates paid, 4.58% at September 30, 2002, as compared
to  5.54%  at  September  30,  2001.

PROVISION  FOR LOAN LOSSES.  The provision for loan losses was $52,000 and there
were  net  charge-offs  of  $55,000  during the three months ended September 30,
2002,  compared  to no provision and net charge-offs of $15,000 during the three
months  ended  September  30,  2001.  Provisions  are  determined based upon the
results  of  the  ongoing  loan  reviews  and composition of the loan portfolio.
Management  increased  the  provision  for  loan  losses  due to loan write-offs
determined  during  the  quarter.  The  allowance  for  loan  losses  after such
write-offs was $443,000, with non-accruing loans having been reduced to $123,000
because  of  the  write-offs  and  concerted  collections.

NONINTEREST  INCOME.  Noninterest  income  decreased  by  $57,000  for the three
months  ended  September  30,  2002,  compared  to the same period in 2001.  The
decrease  was  the  result  of  a  decrease  of  $61,000 from the sale of equity
securities,  being  partially  offset by increases of $2,000 of income from life
insurance  contracts  and  $1,000  in  other  income  related  primarily  to the
operations  of  Home City Insurance Agency, Inc., the wholly-owned subsidiary of
the  Company.  Deposit  account  service  charge income also increased by $1,000
compared  to  the  same  quarter  in  2001.

NONINTEREST  EXPENSE.  Noninterest  expense  decreased  $16,000,  or  1.65%,  to
$955,000  for  the  three  months ended September 30, 2002, from $971,000 in the
comparable  period  in  2001.  Of  this  decrease,  $25,000  was attributable to
decreases  in supplies, telephone and postage expenses and a $27,000 decrease in
other  expenses,  which  were  offset  by  increases of $13,000 in occupancy and
equipment  expense, $19,000 in legal, accounting and examination expense, $3,000
in  compensation  and  benefit  expense  and $1,000 in FDIC deposit insurance in
2002.  The  annualized  ratio of noninterest expense to average total assets was
2.59%  and  2.85%  for  the  three  months  ended  September  30, 2002 and 2001,
respectively.

INCOME  TAXES.  The  provision  for income taxes decreased $14,000 for the three
months  ended  September  30, 2002, compared with the prior year, primarily as a
result  of  the  tax  treatment on the gain on sale of equity securities and the
decrease in net taxable income in the third quarter 2002 as compared to the same
quarter  in  2001.


COMPARISON  OF  NINE  MONTHS  ENDED  SEPTEMBER  30,  2002  AND  2001

GENERAL.  Net  income  decreased $312,000, or 48.52%, from $643,000 for the nine
months ended September 30, 2001, to $331,000 for the nine months ended September
30,  2002.  This  decrease  was  attributable  to  an  increase  of  $281,000 in
provisions  for loan losses, an increase of $252,000 in noninterest expenses and
a  decrease of $12,000 in net interest income.  Offsetting the decreases were an
increase  in  noninterest income of $134,000 and a decrease in the provision for
federal  income  taxes  of  $99,000.

INTEREST  INCOME.  The  decrease  in the yields on earning assets contributed to
the  $410,000,  or  5.28%, decrease in interest income for the nine months ended
September  30,  2002, compared to the same period in 2001. Loan income decreased
$600,000  resulting  from the 97 basis point decrease experienced in the average
yield  on loans outstanding. Partially offsetting the decrease was the $274,000,
or  334.15%,  increase  in income from mortgage-backed securities resulting from
the  re-employment  of funds from overnight deposits. The $12.7 million increase
in  average  earning  assets  contributed $621,000 to interest income, while the
decrease  in yields on earning assets from 8.33% at September 30, 2001, to 7.18%
at  September  30,  2002,  decreased  interest  income  by  $1.0  million.

INTEREST  EXPENSE.  Interest  expense on deposit liabilities decreased $316,000,
or  9.32%, for the nine months ended September 30, 2002, as compared to the same
period in 2001.  The total average deposits increased by $13.3 million comparing
the  nine  months  ended  September  30, 2002, to the same nine -month period in
2001,  and the average interest rate paid on interest-bearing deposits decreased
from  5.66%  for the nine months ended September 30, 2001, to 4.40% for the same
period  ended  September  30, 2002.  The average rate on FHLB advances decreased
from  5.77% for the nine-month period ended September 30, 2001, to 5.56% for the
same  period  ended  September  30, 2002, resulting in a decrease in interest on
FHLB  advances of $58,000 for the nine months ended September 30, 2002, compared
to  the  same  period  ended  September  30,  2001.  Of  the overall decrease in
interest expense, the effect of the interest costing liability volume increases,
$12.7  million, was more than offset by the effect of the decreasing rates paid,
4.72%  at  September  30,  2002,  compared  to  5.69%  at  September  30,  2001.

PROVISION FOR LOAN LOSSES.  The provision for loan losses was $301,000 and there
were  net  charge-offs  of  $375,000  during the nine months ended September 30,
2002,  compared to a $20,000 provision and net charge-offs of $32,000 during the
nine  months  ended  September 30, 2001.  The provision was increased based upon
the  results of the ongoing loan reviews, the composition of the loan portfolio,
local  economic  conditions  and  current  governmental  economic  policies.
Management  believes  that  the  allowance  for loan losses is adequate to cover
potentially  uncollectible  loans  at  September  30,  2002.

NONINTEREST  INCOME.  Noninterest  income  increased  by  $134,000  for the nine
months  ended  September  30,  2002,  compared  to the same period in 2001.  The
increase  was  related to the $41,000 increase in other income related primarily
to  the  operations  of  Home  City  Insurance  Agency,  Inc.,  the wholly-owned
subsidiary  of  the  Company, the increase of $63,000 in the gain on the sale of
equity securities and $25,000 and $5,000 increases in income from life insurance
contracts  and  service  charges  on  deposit  accounts,  respectively.

NONINTEREST  EXPENSE.  Noninterest expense increased $252,000, or 9.31%, to $3.0
million  for  the nine months ended September 30, 2002, from $2.7 million in the
comparable  period  in  2001.  Of this increase, $147,000 was attributable to an
increase in occupancy and equipment expense in 2002, reflecting additional costs
related to new main office operations and the operation of the insurance agency.
Legal,  accounting  and  examination expense increased as a direct result of the
deterioration  of  the local economy, as reflected in the increased unemployment
rates,  which  resulted  in  increased  defaults in loans, increased foreclosure
actions  and  increased  loan  review costs. The annualized ratio of noninterest
expense  to  average  total assets was 2.70% and 2.72% for the nine months ended
September  30,  2002  and  2001,  respectively.

INCOME  TAXES.  The  provision  for  income taxes decreased $99,000 for the nine
months  ended  September  30, 2002, compared with the prior year, primarily as a
result  of  the  $411,000 decrease in net income before federal income taxes and
the composition of the taxable and non-taxable income for the nine-month period.

RECENT  LEGISLATION

In 2002, the U.S. Congress, the U.S. Securities and Exchange Commission ("SEC"),
the  national  securities exchanges, representatives of the legal and accounting
communities  and  the  business community responded to numerous events that cast
doubt  on  the  integrity  of U.S. businesses.  Demands were made to protect the
U.S.  investing  public, increase the reporting requirements of public companies
and strengthen corporate governance standards.  On July 30, 2002, President Bush
signed  the  Sarbanes-Oxley  Act  into  law.  This  Act  and  the  rules already
proposed,  and  the  rules to be proposed, by the SEC impose sweeping changes to
the  way  corporate  America  does business.   The Company is complying with the
Sarbanes-Oxley  Act  through  expanded  controls  and  procedures,  corporate
governance  and  the  required  certifications.

<PAGE>
                                     ITEM 3
                             CONTROLS AND PROCEDURES

The Chief Executive Officer and the Chief Financial Officer have reviewed, as of
a  date  within  90  days of this filing, the disclosure controls and procedures
that ensure that information relating to the Company required to be disclosed by
the  Company  in  the  reports  that  it  files  or submits under the Securities
Exchange  Act  of  1934,  as  amended,  is  recorded,  processed, summarized and
reported  in  a  timely  and proper manner.  Based upon this review, the Company
believes that there are adequate controls and procedures in place.  There are no
significant  changes  in  the  controls  or  other factors that could affect the
controls  after  the  date  of  the  evaluation.


                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                           PART II - OTHER INFORMATION
  ITEM

     1  -  LEGAL  PROCEEDINGS

           None

     2  -  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

           Not  Applicable

     3  -  DEFAULTS  UPON  SENIOR  SECURITIES

           Not  Applicable

     4  -  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

           Not  Applicable

     5  -  OTHER  INFORMATION

           Not  Applicable

     6  -  EXHIBITS  AND  REPORTS  ON  FORM  8-K

           a.    Exhibit  99.1:  Safe  Harbor  Under  the
                 Private  Securities  Litigation  Reform
                 Act  of  1995.

                 Exhibit  99.2:  Certification  of  Chief  Executive  Officer
                 and  Chief Financial  Officer.

           b.    No  report  on  Form  8-K  was filed during the quarter ended
                 September 30, 2002.

<PAGE>
SIGNATURES


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



                                           HOME  CITY  FINANCIAL  CORPORATION

November 13, 2002                          /s/  Douglas  L.  Ulery
-----------------------------              ------------------------------------
Date:                                      Douglas  L.  Ulery
                                           President and Chief Executive Officer


November 13, 2002                          /s/  Charles  A.  Mihal
-----------------------------              -------------------------------------
Date:                                      Charles  A.  Mihal
                                           Treasurer  and  Chief  Financial
                                           Officer


                                  CERTIFICATION

I,  Douglas  L.  Ulery,  President  and  Chief  Executive  Officer  of Home City
Financial  Corporation,  certify,  that:

1.    I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of Home City
Financial  Corporation;

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

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

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

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

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

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

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

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

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

The  registrant's  other  certifying  officers  and  I  have  indicated  in this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.


/s/  Douglas  L.  Ulery
-----------------------
Douglas  L.  Ulery
President  and  Chief  Executive  Officer
November  13,  2002

                                  CERTIFICATION

I,  Charles  A.  Mihal,  Treasurer  and  Chief  Financial  Officer  of Home City
Financial  Corporation,  certify,  that:

1.    I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of Home City
Financial  Corporation;

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

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

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

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

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

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

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

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

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

The  registrant's  other  certifying  officers  and  I  have  indicated  in this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.


/s/  Charles  A.  Mihal
-----------------------
Charles  A.  Mihal
Treasurer  and  Chief  Financial  Officer
November  13,  2002