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  JUNE  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  North  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)


As  of  August  5,  2002,  784,400 common shares of stock of the Registrant were
outstanding.  There  were  no  preferred  shares  outstanding.


                         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
          June  30,  2002,  and  December  31,  2001

     Consolidated  statements  of  income                                   4
          Three  and  six  months  ended  June  30,  2002  and  2001

     Consolidated  statements  of  changes  in                              5
          shareholders'  equity  Six  months  ended  June  30,  2002

     Consolidated  statements  of  cash  flows                              6
          Six  months  ended  June  30,  2002  and  2001

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

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

PART  II  OTHER  INFORMATION

     ITEM
     1.  Legal  Proceedings                                                16

     2.  Changes  in  Securities  and  Use  of  Proceeds                   16

     3.  Defaults  upon  Senior  Securities                                16

     4.  Submission  of  Matters  to  a Vote of Security Holders           16

     5.  Other  Information                                                16

     6.  Exhibits  and  Reports  on  Form  8-K                             16

     Signatures                                                            17

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

<TABLE>
<CAPTION>

                                                          (Dollars in thousands)
                                                                              At
                                                                              --
                                                             At June 30,  December 31,
                                                            -----------   ------------
                                                                  2002      2001
                                                                  ----     -----

<S>                                                           <C>        <C>
ASSETS
Cash and cash equivalents
Cash and due from banks . .          . . . . . . . . . . . .  $  1,868   $  2,133
Interest-bearing demand deposits in other banks          . .     3,199        638
Federal funds sold. . .          . . . . . . . . . . . . . .     1,518      2,239
                                                              ---------  ---------
Total cash and cash equivalents .  . . . . . . . . . . . . .     6,585      5,010

Time deposits with original maturities of 90 days or more. .        24         24
Investment securities available for sale, at fair value. . .     5,261      4,008
Mortgage-backed securities available for sale, at fair value     3,985      9,603
Loans, net . . . . . . . . . . . . . . . . . . . . . . . . .   118,827    115,373
Stock in Federal Home Loan Bank. . . . . . . . . . . . . . .     2,127      2,079
Accrued interest receivable. . . . . . . . . . . . . . . . .       601        671
Properties and equipment . . . . . . . . . . . . . . . . . .     4,187      4,300
Cash surrender value of life insurance . . . . . . . . . . .     2,761      2,695
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . .        65         65
Other intangibles. . . . . . . . . . . . . . . . . . . . . .       294        309
Deferred income taxes. . . . . . . . . . . . . . . . . . . .       482        169
Other assets . . . . . . . . . . . . . . . . . . . . . . . .     1,023        317
                                                              ---------  ---------
TOTAL ASSETS. . . . . . . . . . .  . . . . . . . . . . . . .  $146,222   $144,623
                                                              =========  =========

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . .  $ 98,365   $ 96,403
Federal Home Loan Bank Advances. . . . . . . . . . . . . . .    35,123     35,315
Note payable . . . . . . . . . . . . . . . . . . . . . . . .       304        307
Accrued interest payable . . . . . . . . . . . . . . . . . .       208        234
Advance payments by borrowers for taxes and insurance. . . .        29        142
Other liabilities. . . . . . . . . . . . . . . . . . . . . .       622        547
                                                              ---------  ---------
TOTAL LIABILITIES  . . . . . . . . . . . . . . . . . . . . .   134,651    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. . . . . . . . .     8,398      8,365
Treasury shares, at cost . . . . . . . . . . . . . . . . . .    (2,266)    (2,266)
Accumulated other comprehensive income . . . . . . . . . . .       (35)       112
Common shares purchased by:
Employee Stock Ownership Plan  . . . . . . . . . . . . . . .      (381)      (381)
Recognition and Retention Plan.  . . . . . . . . . . . . . .      (168)      (178)
                                                              ---------  ---------
TOTAL SHAREHOLDERS' EQUITY.  . . . . . . . . . . . . . . . .    11,571     11,675
                                                              ---------  ---------

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY.  . . . . . . . .  $146,222   $144,623
                                                              =========  =========
</TABLE>

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


                         HOME CITY FINANCIAL CORPORATION
                                SPRINGFIELD, OHIO
                  CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

<TABLE>
<CAPTION>


                                                (Dollars in thousands)


                                      3 Months     3 Months     6 Months     6 Months
                                      Ended         Ended       Ended        Ended
                                      June 30,      June 30,    June 30,     June 30,
                                      --------     --------     --------     --------
                                      2002          2001        2002         2001
                                      ----          ----        ----         ----
<S>                                  <C>           <C>         <C>          <C>
INTEREST INCOME
Loans . . . . . . . . . . . . . . .  $2,246        $2,490      $4,487       $4,987
Mortgage-backed securities. . . . .     195            28         346           43
Investment securities . . . . . . .      58            78         126          151
Interest-bearing demand deposits. .       2             2           3            6
Federal funds sold. . . . . . . . .       6            11          10           23
                                     ------        ------      ------       ------

TOTAL INTEREST INCOME .     . . . .   2,507         2,609        4,972       5,210

INTEREST EXPENSE
Deposits. . . . . . . . . . . . . .   1,022         1,135        2,094       2,213
Borrowed funds. . . . . . . . . . .     506           535        1,004       1,091
                                     ------        ------       ------      ------

TOTAL INTEREST EXPENSE.     . . . .   1,528         1,670        3,098       3,304
                                     ------         ------       ------     ------

NET INTEREST INCOME . . . . . .         979           939        1,874       1,906
Provision for loan losses . . . . .     236            10          249          20
                                     ------        ------       ------      ------

NET INTEREST INCOME AFTER
PROVISION FOR LOAN LOSSES .             743           929        1,625       1,886

NONINTEREST INCOME
Service charges on deposits . . . .       8             7           18          14
Life insurance. . . . . . . . . . .      38            34           77          54
Gain on sale of securities, net . .     256             0          258         134
Other income. . . . . . . . . . . .     133           129          251         211
                                     ------        ------       ------      ------

TOTAL NONINTEREST INCOME. . . .         435           170          604         413

NONINTEREST EXPENSE
Salaries and employee benefits. . .     505           490        1,023         966
Supplies, telephone and postage . .      26            47           60          79
Occupancy and equipment . . . . . .     135            69          276         142
FDIC deposit insurance. . . . . . .       4             3            8           7
Data processing . . . . . . . . . .      60            50          122         103
Legal, accounting and examination .     103            70          192         156
Franchise taxes . . . . . . . . . .      36            36           72          72
Other expenses. . . . . . . . . . .     137           107          252         212
                                     ------        ------       ------      ------

TOTAL NONINTEREST EXPENSE . . .       1,006           872        2,005       1,737
                                     ------        ------       ------      ------
NET INCOME BEFORE FEDERAL
INCOME TAX EXPENSE. . . . .             172           227          224         562
Federal income tax expense. . . . .      33            38           20         105
                                     ------        ------       ------      ------

NET INCOME. . . . . . . . . . .      $  139        $  189       $  204      $  457
                                     ======        ======       ======      ======

Earnings per common share - basic .  $ 0.19        $ 0.25       $ 0.28      $ 0.61
Earnings per common share - diluted  $ 0.18        $ 0.23       $ 0.26      $ 0.56
</TABLE>

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

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


<TABLE>
<CAPTION>


                                     NUMBER OF SHARES

                                                      Common     Common
                                                      shares     shares
                                Common     Treasury   purchased  purchased
                                shares     shares     by ESOP    by RRP
                                 ------     ------    -------    ------
<S>                            <C>        <C>        <C>        <C>
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 $(75)
Comprehensive income
Shares earned under
Recognition and
Retention Plan. . . . . . . .                                        500
Dividends declared
($.22 per share). . . . . . .  ________   ________   ________    ________
                               ---------  ---------  ---------  ---------
June 30, 2002 . . . . . . . .   952,200   (167,800)   (38,086)    (5,378)
                               =========  =========  =========  =========
</TABLE>

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


<TABLE>
<CAPTION>


                                                       (Dollars in thousands)
                                                               Amounts
                                                                 Accumu-
                                                                 lated
                                                                 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>
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. . . . . . . . . .                 204                                                $  204
Other comprehensive income
 Change in unrealized
 gain (loss) on securities
available for sale, net of
deferred income
tax of $(75). . . . . . . . .                                     (147)                            (147)
                                                                                                  ------
Comprehensive income. . . . .                                                                     $  57
                                                                                                  ======
Shares earned under
Recognition and
Retention Plan. . . . . . . .                                                                10
Dividends declared
($.22 per share). . . . . . .   ________     (171)    _______    _______    ________    ________
                               ----------  -------  ----------  ---------  ----------  ----------
June 30, 2002 . . . . . . . .  $   6,023   $8,398   $  (2,266)  $  (35)    $  (381)     $ (168)
                               ==========  =======  ==========  =========  ==========   ========
</TABLE>

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

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


<TABLE>
<CAPTION>


                                                               (Dollars in thousands)

                                                                     6 Months   6 Months
                                                                     Ended      Ended
                                                                     June 30,   June 30,
                                                                     --------   --------
                                                                      2002      2001
                                                                      ----      ----
<S>                                                                  <C>       <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $   204   $   457
Adjustments to reconcile net income to net cash
provided by operating activities:
Premium amortization, net of discount accretion . . . . . . . . . .       40         0
Provision for loan losses . . . . . . . . . . . . . . . . . . . . .      249        20
(Gain) loss on sale of securities . . . . . . . . . . . . . . . . .     (258)     (134)
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . .      121        43
Amortization of goodwill and intangibles. . . . . . . . . . . . . .       15        28
Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . .     (369)     (187)
Life insurance income, net of expenses. . . . . . . . . . . . . . .      (66)      (45)
Employee Stock Ownership Plan compensation expense. . . . . . . . .       48        40
Recognition and Retention Plan compensation expense . . . . . . . .       45        45
FHLB stock dividends. . . . . . . . . . . . . . . . . . . . . . . .      (48)      (70)
Net change in:
Accrued interest receivable . . . . . . . . . . . . . . . . . . . .       70        22
Accrued interest payable. . . . . . . . . . . . . . . . . . . . . .      (26)        4
Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . .     (706)      423
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . .       75      (350)
                                                                     --------  --------
NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES. . . . . . . . . .     (606)      296
                                                                     --------  --------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available for sale . . . . . . . . . . . . .   (3,886)   (2,617)
Proceeds from sales of securities available for sale. . . . . . . .    2,649     1,938
Proceeds from maturities of securities available for sale . . . . .       25       400
Purchase of mortgage-backed securities available for sale . . . . .   (6,079)     (976)
Collections on mortgage-backed securities available for sale. . . .    1,611        94
Proceeds from sale of mortgage-backed securities available for sale   10,079         0
Purchase of  life insurance . . . . . . . . . . . . . . . . . . . .        0    (1,510)
Net increase in loans . . . . . . . . . . . . . . . . . . . . . . .   (3,703)   (3,045)
Purchases of properties and equipment . . . . . . . . . . . . . . .       (8)   (1,663)
Purchase of FHLB stock. . . . . . . . . . . . . . . . . . . . . . .        0      (167)
                                                                     --------  --------
NET CASH (USED) PROVIDED IN INVESTING ACTIVITIES. . . . . . . . . .      688    (7,546)
                                                                     --------  --------

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits. . . . . . . . . . . . . . . . . . . . . .    1,962     8,141
Net decrease in short-term FHLB advances. . . . . . . . . . . . . .        0    (4,700)
Proceeds from new long-term FHLB advances . . . . . . . . . . . . .        0    11,000
Payments on long-term FHLB advances . . . . . . . . . . . . . . . .     (192)   (5,722)
Net change in advance payments by borrowers for taxes and insurance     (113)       (7)
Payments on note payable. . . . . . . . . . . . . . . . . . . . . .       (3)      (12)
Distribution of common shares by Recognition and Retention Plan . .       10         8
Purchase of treasury shares . . . . . . . . . . . . . . . . . . . .        0      (130)
Cash dividends paid . . . . . . . . . . . . . . . . . . . . . . . .     (171)     (178)
                                                                     --------  --------
NET CASH PROVIDED BY FINANCING ACTIVITIES . . . . . . . . . . . . .    1,493     8,400
                                                                     --------  --------

NET INCREASE IN CASH AND CASH EQUIVALENTS . . . . . . . . . . . . .    1,575     1,150
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD. . . . . . . . . .    5,010     1,593
                                                                     --------  --------

CASH AND CASH EQUIVALENTS AT END OF PERIOD. . . . . . . . . . . . .  $ 6,585   $ 2,743
                                                                     ========  ========
</TABLE>
--------------------------------------------
See accompanying notes.

                         HOME CITY FINANCIAL CORPORATION

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                      JUNE 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 June
30,  2002, and December 31, 2001, and the consolidated results of operations and
the  cash  flows  for  the  six  months  ended  June 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  six  months  ended  June  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)
                              Six
                              Months
                              Ended     Year Ended
                              June 30   December 31,
                               2002      2001
                               ----     ----
<S>                           <C>     <C>
Balance, beginning of period  $ 517   $ 532
Provision for loan losses. .    249     140
Charge-offs. . . . . . . . .   (336)   (180)
Recoveries . . . . . . . . .     16      25
                              ------  ------

Balance, end of period . . .  $ 446   $ 517
                              ======  ======
</TABLE>

NOTE  3.     ADVANCES  FROM  FEDERAL  HOME  LOAN  BANK

Borrowings  at  June  30,  2002, consisted of three short-term advances totaling
$772,000 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.

NOTE  3.     ADVANCES  FROM  FEDERAL  HOME  LOAN  BANK

Borrowings  at  June  30,  2002, consisted of three short-term advances totaling
$772,000 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  June  30,  2002           At  December  31,  2001
                               -------------------          ------------------------
<S>            <C>        <C>            <C>             <C>         <C>            <C>
                          Range of       Weighted-                   Range of       Weighted-
                          Interest       Average                     Interest       Average
               Amount     Rates          interest rate   Amount      Rates          interest rate
               ---------  -------------  --------------  ----------  -------------  --------------

Due within
one year. . .  $  772     2.20% - 6.05%  2.41%           $  728     2.30%           2.30%

After one but
Within five
Years . . . .  $4,343     6.35% - 8.35%  6.76%           $2,742     6.05% - 8.35%   6.90%

After five
Years . . . .  $30,008    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  June  30,  2002.


<TABLE>
<CAPTION>


                                                 (Dollars in thousands)

<S>                        <C>                    <C>                 <C>                 <C>      <C>      <C>
                                                                                                          To be
                                                                                               Categorized as "Well
                                                                                                 Capitalized" Under
                                                                           For Capital            Prompt Corrective
                                         Actual                        Adequacy Purposes         Action Provisions
                                  ---------------------               ------------------         ------------------
                           Amount                 Ratio               Amount       Ratio           Amount   Ratio
                           ------                 ------              -------      ------          -------  ------
Total Risk-Based Capital
(To Risk-Weighted Assets)  $11,582               10.8%                $ 8,607      8.0%           $10,759   10.0%

Tier I Capital
(To Risk-Weighted Assets)  $11,236               10.4%                N/A          N/A            $ 6,455    6.0%

Tier I Capital
(To Total Assets) . . . .  $11,236                7.7%                $ 5,827      4.0% *         $ 7,284    5.0%

Tangible Capital
(To Total Assets) . . . .  $11,236                7.7%                $ 2,185      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".  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
                                                --------------------------
                                                       June 30, 2002
                                                       -------------
<S>                                        <C>           <C>            <C>
                                                          Weighted-
                                                          Average       Per
                                            Income        Shares        Share
                                            (Numerator)  (Denominator)  Amount
                                           ------------  -------------  -------

Basic EPS
Income available to common shareholders .  $138,961        740,936      $  0.19

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 . . . . . . . . . . .  $138,961        784,400      $  0.18
</TABLE>


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

<TABLE>
<CAPTION>

                                                   For the Six Months Ended
                                                   ------------------------
                                                        June 30, 2002
                                                        -------------
<S>                                        <C>           <C>            <C>
                                                         Weighted-
                                                         Average        Per
                                           Income        Shares         Share
                                           (Numerator)  (Denominator)   Amount
                                           ------------  -------------  -------
Basic EPS
Income available to common shareholders .  $204,307       740,797        $ 0.28

Effect of dilutive securities
RRP shares. . . . . . . . . . . . . . . .         0         5,517
ESOP shares . . . . . . . . . . . . . . .         0        38,086
Stock options * . . . . . . . . . . . . .         0             0
                                           --------      ---------

Diluted EPS
Income available to common shareholders +
assumed conversions . . . . . . . . . . .  $204,307       784,400        $ 0.26
</TABLE>

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

<TABLE>
<CAPTION>


                                             For the Six Months Ended
                                             ------------------------
                                                 June 30, 2001
                                                 -------------
<S>                                        <C>         <C>      <C>
                                                       Weighted-
                                                       Average   Per
                                            Income     Shares    Share

Basic EPS
Income available to common shareholders .  $456,605    754,565   $ 0.61

Effect of dilutive securities
RRP shares. . . . . . . . . . . . . . . .         0     10,397
ESOP shares . . . . . . . . . . . . . . .         0     45,704
Stock options . . . . . . . . . . . . . .         0      1,668
                                           --------     -------

Diluted EPS
Income available to common shareholders +
assumed conversions . . . . . . . . . . .  $456,605    812,334   $ 0.56
</TABLE>

                                     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  99.1  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  for  residential,  consumer  and  non-residential purposes. The Bank also
originates  loans  for  the  construction  of  residential real estate and loans
secured  by  multifamily  real  estate  (over  four units), commercial loans and
consumer  loans.  The  Bank's  profitability  is  significantly dependent on net
interest  income, which is the difference between interest income generated from
interest-earning  assets  (i.e., loans and investments) and the interest expense
paid  on  interest-bearing  liabilities  (i.e.,  customer  deposits and borrowed
funds).  Net  interest  income  is  affected  by  the  relative  amount  of
interest-earning  assets  and interest-bearing liabilities and interest received
or  paid on these balances.  The level of interest rates paid or received by the
Bank  can be significantly influenced by a number of environmental factors, such
as  governmental  monetary  policy,  that  are  outside  of  management control.

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

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

     The  Bank  is a member of the FHLB, conducting its business through its 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  June  30,  2002,  the consolidated assets of the Company totaled $146.2
million,  an increase of $1.6 million, or 1.11%, from $144.6 million at December
31, 2001.  The increase in total assets was primarily the result of increases in
loans receivable, cash and cash equivalents, investment securities available for
sale  and cash surrender value of life insurance policies, funded primarily by a
$5.6  million  decrease  in  mortgage-backed  securities  available  for  sale.

     Net  loans  receivable  increased  by  $2.4 million during the three months
ended  June  30,  2002,  which  was  more  than double the $1.0 million increase
experienced  during  the  first three months of 2002.  The net increase in loans
outstanding  since  December 31, 2001, was $3.5 million, or 2.99%.  The increase
was  primarily in the non-residential real estate and commercial loan portfolio.

     The  investment  securities  available  for sale increased $1.3 million, or
31.26%,  to  $5.3  million from $4.0 million at December 31, 2001.  The increase
was  funded  primarily  by  the  reemployment of funds that had been invested in
mortgage-backed  securities  during  the  first  two  quarters  of  2002.

     Total cash and cash equivalents increased by $3.9 million during the second
quarter  of  2002, more than offsetting the $2.3 million decrease experienced in
the  first  quarter  of  2002.  Federal  funds sold and other overnight deposits
increased  $1.8  million,  or  63.96%,  from  $2.9 million at December 31, 2001.
Total  cash and balances due from correspondent banks decreased by $265,000 from
the  December  31,  2001,  balances.

     Deposit liabilities increased $1.9 million, or 1.92%, from $96.5 million at
March 31, 2002, to $98.4 million at June 30, 2002.  This increase is in addition
to  the  $111,000  increase  experienced  during  the  first  quarter  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.

     FHLB Advances decreased $1.6 million, or 4.35%, from $36.7 million at March
31, 2002, to $35.1 million at June 30, 2002.  The funds obtained from additional
deposits  and  the  sales  of  mortgage-backed securities were utilized to repay
several  of  the  outstanding  advances.

     Total  shareholders'  equity  remained  relatively  constant,  decreasing
$104,000, or 0.89%, from December 31, 2001, to June 30, 2002.  This decrease was
primarily  the  result of  $204,000 in earnings for the first six months of 2002
and  the  $10,000  RRP  distribution  being offset by the $171,000 cash dividend
payments  and  the  $147,000 unrealized losses on securities available for sale.

     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.  The liquidity ratio
is the percentage that this average daily balance liquid assets bears to the sum
of  Home  City's  average  balance  of  net  withdrawable  deposit  accounts and
borrowings payable in one year of less.  At June 30, 2002, the Bank's regulatory
liquidity  ratio was 4.65%.  At such date, the Bank had commitments to originate
loans  totaling  $12.3  million, no commitments to purchase or sell loans and no
remaining  commitment for office construction.  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  June  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.


                              RESULTS OF OPERATIONS

COMPARISON  OF  THREE  MONTHS  ENDED  JUNE  30,  2002  AND  2001

     GENERAL.  Net  income  decreased  $50,000, or 26.46%, from $189,000 for the
three  months  ended  June 30, 2001, to $139,000 for the three months ended June
30,  2002.  This decrease was primarily attributed to a $226,000 increase in the
provision  for  possible  loan  losses  and $134,000 more in noninterest expense
which  was partially offset by an increase of $265,000 in noninterest income, an
increase  of  $40,000  in  net  interest  income and a decrease of $5,000 in the
provision  for  federal  income  tax  expense.

     INTEREST  INCOME.  The  decrease  in  yield  on  earning  assets  of  109
basis-points,  from  8.40%  to  7.31%,  contributed  to the decrease in interest
income $102,000, or 3.91%, for the three months ended June 30, 2002, compared to
the  same  period  in 2001. The $13.0 million increase in average earning assets
contributed to an increase in interest income of $218,000, while the decrease in
yields  on  earning  assets  decreased  income by $320,000, compared to the same
three  month  period in 2001. The decrease is attributed mainly to a decrease in
interest  income  on  loans  resulting  from  decreasing  yields.

INTEREST  EXPENSE.  Interest  expense on deposit liabilities decreased $113,000,
or  9.96%,  for  the  three  months ended June 30, 2002, as compared to the same
period in 2001.  The total average deposits increased by $13.1 million comparing
the  quarter  ended June 30, 2002 to 2001, but the average interest rate paid on
interest-bearing deposits decreased by 130 basis points from 5.71% for the three
months  ended  June  30, 2001, to 4.41% for the same period ended June 30, 2002.
The  average  balance  of  FHLB  advances  decreased  from $37.1 million for the
three-month  period  ended  June  30, 2001, to $36.5 million for the same period
ended  June  30,  2002,  resulting in a decrease in interest on FHLB advances of
$29,000  for  the  three months ended June 30, 2002, compared to the same period
ended  June 30, 2001.  Of the overall decrease in interest expense, the interest
costing  liability  volume  increases  were  more  than  offset  by the decrease
attributable  to  decreasing  rates  paid.

PROVISION FOR LOAN LOSSES.  The provision for loan losses was $236,000 and there
were  net  charge-offs  of $322,000 during the three months ended June 30, 2002,
compared  to a $10,000 provision and net charge-offs of $17,000 during the three
months ended June 30, 2001.  The provision was determined based upon the results
of  the  ongoing loan reviews and composition of the loan portfolio.  Management
increased  the  provision  for  loan  losses  by  $226,000  necessitated by loan
write-offs  determined  during the quarter.  The allowance for loan losses after
such  write-offs  was  $446,000,  with non-accruing loans having been reduced to
$145,000  as  a  result  of  the  write-offs  and  concerted collection efforts.

     NONINTEREST INCOME.  Noninterest income increased by $265,000 for the three
months  ended  June 30, 2002, compared to the same period in 2001.  The increase
was  the  result  of  an increase of $256,000 of gains on the sale of investment
securities,  $4,000  of income from life insurance contracts and $4,000 of 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 increased $134,000, or 15.37%, to
$1.0  million  for  the  three  months ended June 30, 2002, from $872,000 in the
comparable  period  in  2001.  Of  this increase, $66,000 was attributable to an
increase  in  occupancy  and equipment expense, $33,000 to an increase in legal,
accounting  and examination expenses, and $15,000 to an increase in compensation
and  benefit  expenses.  The  annualized ratio of noninterest expense to average
total  assets  was  2.76% and 2.62% for the three months ended June 30, 2002 and
2001,  respectively.

     INCOME  TAXES.  The  provision  for  income  taxes decreased $5,000 for the
three  months  ended June 30, 2002, compared with the prior year, primarily as a
result  of  the  decrease  in  net  taxable income in the second quarter 2002 as
compared  to  the  same  quarter  in  2001.

COMPARISON  OF  SIX  MONTHS  ENDED  JUNE  30,  2002  AND  2001

     GENERAL.  Net  income  decreased $253,000, or 55.36%, from $457,000 for the
six  months  ended  June 30, 2001, to $204,000 for the six months ended June 30,
2002.  This  decrease  was  primarily  attributed  to an increase of $229,000 in
provisions for loan losses, an increase of $268,000 in noninterest expense and a
decrease  in  net  interest income of $32,000 which were partially offset by the
increase  of  $191,000 in noninterest income and the $85,000 decrease in federal
income  tax  expense.

     INTEREST  INCOME.  The  increase  in interest income generated by the $13.9
million  increase in average earning assets was more than offset by the decrease
in  interest  income  caused by the 122 basis-point decrease in yield on earning
assets.  Interest  income  decreased by a net of $238,000, or 4.57%, for the six
months  ended June 30, 2002, as compared to the same six-month period in 2001. A
decrease  of  $738,000 in interest income is attributable to the yield decreases
on  earning  assets,  which  partially  offset the $500,000 increase in interest
income attributed to increases in the volume of earning assets for the six-month
period.  The  decrease  is  attributed to the decline in loan income of $636,000
resulting  from  a  decrease  in  the  average  yield on loans receivable, being
partially  offset  by  an increase of $136,000 in interest income as a result of
increased  volume.  The  average  balance  of  mortgage-backed  securities  had
increased  $10.1 million during the six-month period, which contributed to a net
increase  in  interest  income  of  $303,000.

     INTEREST  EXPENSE.  Interest  expense  on  deposit  liabilities  decreased
$119,000,  or  5.38%, for the six months ended June 30, 2002, as compared to the
same period in 2001.  Total average interest-bearing deposits increased by $15.3
million  comparing  the  six months ended June 30, 2002 to 2001, but the average
interest  rate  paid  on interest-bearing deposits decreased by 121 basis points
from  5.74%  for the six-month period ended June 30, 2001, to 4.53% for the same
period ended June 30, 2002.  The average balance of FHLB advances decreased from
$36.9 million for the six-month period ended June 30, 2001, to $36.3 million for
the same period ended June 30, 2002, resulting in a decrease in interest on FHLB
advances  of  $83,000  for the six-month period ended June 30, 2002, compared to
the  same  period  ended  June  30,  2001.  Of  the overall decrease in interest
expense,  a  portion  is  attributable  to  rates  paid,  or yields, on interest
costing  liabilities,  which  were  offset  by  an  increase in interest expense
attributed  to  volume  increases.

     PROVISION  FOR LOAN LOSSES.  The provision for loan losses was $249,000 and
there  were  net  charge-offs  of  $320,000 during the six months ended June 30,
2002,  compared to a $20,000 provision and net charge-offs of $17,000 during the
six  months  ended  June  30,  2001.  The provision was increased based upon the
results  of  the  ongoing  loan  reviews,  the  further deterioration of several
borrowers  and  composition  of  the  loan  portfolio.

     NONINTEREST  INCOME.  Noninterest  income increased by $191,000 for the six
months  ended  June 30, 2002, compared to the same period in 2001.  The increase
was  the  result of the $124,000 increase in net gains on the sale of investment
securities,  the  $23,000  increase  in income on life insurance contracts and a
$4,000  increase  in service charges on deposit accounts. Other income increased
by $40,000, primarily due to the income derived from Home City Insurance Agency,
Inc.

     NONINTEREST EXPENSE.  Noninterest expense increased $268,000, or 15.43%, to
$2.0  million  for  the six months ended June 30, 2002, from $1.7 million in the
comparable  period  in  2001.  Of  this increase, $57,000 was attributable to an
increase  in  compensation  and  benefit  expense in 2002, reflecting additional
staffing  related  to  the  new  main office operations and the operation of the
insurance  agency.  Net  occupancy  and equipment expense increased $134,000, or
94.37%,  as  a  result  of the new main office facility. The annualized ratio of
noninterest  expense  to  average  total  assets was 2.75% and 2.65% for the six
months  ended  June  30,  2002  and  2001,  respectively.

     INCOME TAXES.  The provision for income taxes decreased $85,000 for the six
months  ended June 30, 2002, compared with the prior year. This is primarily due
to  the  $268,000  increase in noninterest expenses and the $229,000 increase in
the loan loss provisions being only partially offset by the $261,000 increase in
noninterest income and the composition of the taxable and non-taxable income for
the  six-month  period.

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

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

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

<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

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


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