<PAGE>   1
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB
                                   (Mark One)

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
                                  Act of 1934

               FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000

                                       OR

[   ] Transition Report pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934 for the transition period from ___________ to ________

                        Commission file number 333-66859

                          INTREPID CAPITAL CORPORATION
             (Exact name of Registrant as specified in its Charter)


<TABLE>
          <S>                                                       <C>
                  DELAWARE                                                       59-3546446
          (State of Incorporation)                                  (I.R.S. Employer Identification No.)
</TABLE>

     3652 SOUTH THIRD STREET, SUITE 200, JACKSONVILLE BEACH, FLORIDA 32250
              (Address of principal executive offices) (Zip Code)

                                 (904) 246-3433
                        (Registrant's telephone number)

         50 NORTH LAURA STREET, SUITE 3550, JACKSONVILLE, FLORIDA 32202
           (Former address of principal executive offices) (Zip Code)

                                   ---------

         Check whether the issuer: (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                                YES [X] NO [ ]


         As of October 31, 2000, there were 2,214,525 shares of Common Stock,
$0.01 par value per share, outstanding, and 1,000 shares of Common Stock issued
and held in treasury.


           Transitional Small Business Disclosure Format (check one):
                                 Yes [ ] No [X]


<PAGE>   2


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES

                              INDEX TO FORM 10-QSB
                    FOR THE QUARTER ENDED SEPTEMBER 30, 2000


                         PART I - FINANCIAL INFORMATION


<TABLE>
<S>                                                                                                    <C>
ITEM 1            FINANCIAL STATEMENTS

     Consolidated Balance Sheets of Intrepid Capital Corporation and
     Subsidiaries as of September 30, 2000 and December 31, 1999.................................      3

     Consolidated Statements of Operations of Intrepid Capital Corporation and
     Subsidiaries for the Three and Nine Month Periods
     Ended September 30, 2000 and 1999...........................................................      4

     Consolidated Statements of Cash Flows of Intrepid Capital
     Corporation and Subsidiaries for the Nine Month Periods Ended
     September 30, 2000 and 1999.................................................................      5

     Notes to Consolidated Financial Statements..................................................      6-8


ITEM 2            MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                  RESULTS OF OPERATIONS

     Liquidity and Capital Resources.............................................................      9

     Results of Operations.......................................................................      10-13


                                            PART II - OTHER INFORMATION


ITEM 1 AND ITEM 6 OTHER INFORMATION

     Other Information...........................................................................      13

SIGNATURES.......................................................................................      14
</TABLE>


                                       2
<PAGE>   3


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES

                          Consolidated Balance Sheets

                    September 30, 2000 and December 31, 1999

                                  (unaudited)


<TABLE>
<CAPTION>
          ASSETS                                                                 2000                      1999
                                                                              -----------               ----------
<S>                                                                           <C>                        <C>
Current assets:
    Cash and cash equivalents                                                 $   625,968                1,094,700
    Investments, at fair value                                                     85,018                  461,210
    Accounts receivable                                                           586,607                  246,702
    Inventories                                                                   122,461                  107,860
    Prepaid and other assets                                                      254,084                  142,848
                                                                              -----------               ----------
          Total current assets                                                  1,674,138                2,053,320

Property, plant, and equipment, net of accumulated
    depreciation of $196,939 in 2000 and $111,122 in 1999                         460,155                  388,222
Goodwill, less accumulated amortization of $127,372
    in 2000 and $71,622 in 1999                                                   987,627                1,043,377
Other assets                                                                        2,122                   45,973
                                                                              -----------               ----------
          Total assets                                                        $ 3,124,042                3,530,892
                                                                              ===========               ==========

          LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Accounts payable                                                          $   356,351                  149,442
    Accrued expenses                                                              328,364                  388,956
    Securities sold, not yet purchased                                             16,938                    2,555
    Current portion of notes payable                                              203,333                  133,333
    Other                                                                         144,165                  123,978
                                                                              -----------               ----------
          Total current liabilities                                             1,049,151                  798,264

Notes payable, less current portion                                               846,667                  916,667
Minority interest in consolidated subsidiary                                       91,495                       --
                                                                              -----------               ----------
          Total liabilities                                                     1,987,313                1,714,931
                                                                              -----------               ----------

Stockholders' equity:
    Common stock, $.01 par value.  Authorized 15,000,000 shares;
       issued 2,215,525 shares at September 30, 2000
       and December 31, 1999                                                       22,155                   22,155
    Treasury stock, at cost - 1,000 shares held                                    (3,669)                  (3,669)
    Additional paid-in capital                                                  2,481,320                2,481,320
    Accumulated deficit                                                        (1,363,077)                (683,845)
                                                                              -----------               ----------
          Total stockholders' equity                                            1,136,729                1,815,961
                                                                              -----------               ----------
                                                                              $ 3,124,042                3,530,892
                                                                              ===========               ==========
</TABLE>


See accompanying notes to consolidated financial statements.


                                       3
<PAGE>   4


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES

                     Consolidated Statements of Operations

         Three and Nine month periods ended September 30, 2000 and 1999

                                  (unaudited)


<TABLE>
<CAPTION>
                                                                      THREE MONTHS                           NINE MONTHS
                                                                   ENDED SEPTEMBER 30,                    ENDED SEPTEMBER 30,
                                                                2000               1999                2000               1999
                                                             -----------         ----------         ----------         ----------
<S>                                                          <C>                 <C>                <C>                <C>
Revenues:
    Commissions                                              $   412,508            392,507          1,438,271          1,225,617
    Asset management fees                                        165,473            228,279            513,599            662,319
    Investment banking revenues                                   74,583             82,506            140,874             82,506
    Net trading (losses) profits                                  (6,528)          (138,302)           102,695            (97,703)
    Resinous material sales                                      857,380            302,921          1,342,646          1,432,048
    Dividend and interest income                                  12,651             31,009             51,587             47,713
    Other                                                          2,294             10,003             26,760             35,451
                                                             -----------         ----------         ----------         ----------
       Total revenues                                          1,518,361            908,923          3,616,432          3,387,951
                                                             -----------         ----------         ----------         ----------

Expenses:
    Salaries and employee benefits                               622,867            738,883          2,039,694          1,846,756
    Brokerage and clearing                                        70,021            131,108            292,043            372,905
    Cost of resinous material sales                              458,042            154,717            709,638            708,186
    Advertising and marketing                                     52,196             60,891            180,439            203,135
    Professional and regulatory fees                             117,708             80,609            300,757            239,533
    Occupancy and maintenance                                    109,827             65,101            332,627            157,066
    Depreciation and amortization                                 52,015             32,784            153,769             91,359
    Interest expense                                              26,165             17,641             64,406             31,231
    Other                                                         88,128            115,854            283,572            270,079
                                                             -----------         ----------         ----------         ----------
       Total expenses                                          1,596,969          1,397,588          4,356,945          3,920,250
                                                             -----------         ----------         ----------         ----------

       Loss before income taxes and minority interest            (78,608)          (488,665)          (740,513)          (532,299)

Income tax benefit                                                    --           (183,885)          (152,776)          (200,304)
                                                             -----------         ----------         ----------         ----------

       Loss before minority interest                             (78,608)          (304,780)          (587,737)          (331,995)

Minority interest                                                (91,495)                --            (91,495)                --
                                                             -----------         ----------         ----------         ----------

       Net loss                                              $  (170,103)          (304,780)          (679,232)          (331,995)
                                                             ===========         ==========         ==========         ==========

Basic net loss per share                                     $     (0.08)             (0.14)             (0.31)             (0.15)
                                                             ===========         ==========         ==========         ==========

Diluted net loss per share                                   $     (0.08)             (0.14)             (0.31)             (0.15)
                                                             ===========         ==========         ==========         ==========

Basic weighted average shares outstanding                      2,214,525          2,214,525          2,214,525          2,214,606
                                                             ===========         ==========         ==========         ==========

Diluted weighted average shares outstanding                    2,214,525          2,214,525          2,214,525          2,214,606
                                                             ===========         ==========         ==========         ==========
</TABLE>


See accompanying notes to consolidated financial statements.


                                       4
<PAGE>   5


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES

                     Consolidated Statements of Cash Flows

              Nine month periods ended September 30, 2000 and 1999

                                  (unaudited)


<TABLE>
<CAPTION>
                                                                                2000                    1999
                                                                             -----------             ----------
<S>                                                                          <C>                       <C>
Cash flows from operating activities:
    Net loss                                                                 $  (679,232)              (331,995)
    Adjustments to reconcile net loss to net cash
      used in operating activities:
       Depreciation and amortization                                             153,769                 91,359
       Minority interest                                                          91,495                     --
       Sales (purchases) of investments and securities                           493,270               (128,087)
          sold, not yet purchased, net
       Net trading (profits) losses                                             (102,695)                97,703
       Deferred tax benefit                                                           --               (560,634)
       Change in assets and liabilities:
          Accounts receivable                                                   (339,905)               (26,405)
          Inventories                                                            (14,601)                40,872
          Prepaid and other assets                                               (67,385)               (90,625)
          Accounts payable and accrued expenses                                  146,317               (907,450)
          Income taxes payable                                                        --                 48,154
          Other liabilities                                                       20,187                (13,938)
                                                                             -----------             ----------
             Net cash used in operating activities                              (298,780)            (1,781,046)
                                                                             -----------             ----------

Cash flows from investing activities:
    Purchase of property, plant, and equipment                                  (169,952)               (58,983)
    Proceeds from sale of land                                                        --              1,800,000
    Acquisition of ACEFS, net of cash acquired                                        --                 43,294
                                                                             -----------             ----------
             Net cash (used in) provided by investing activities                (169,952)             1,784,311
                                                                             -----------             ----------

Cash flows from financing activities:
    Proceeds from notes payable                                                       --              1,000,000
    Principal payments on notes payable                                               --               (545,749)
    Purchase of treasury stock                                                        --                 (3,669)
                                                                             -----------             ----------
             Net cash used in financing activities                                    --                450,582
                                                                             -----------             ----------

             Net (decrease) increase in cash and cash equivalents               (468,732)               453,847

Cash and cash equivalents at beginning of period                               1,094,700                928,186
                                                                             -----------             ----------

Cash and cash equivalents at end of period                                   $   625,968              1,382,033
                                                                             ===========             ==========

Supplemental disclosure of cash flow information:
    Cash paid during the period for interest                                 $    68,856                 31,231
                                                                             ===========             ==========
    Cash paid during the period for income taxes                             $        --                312,176
                                                                             ===========             ==========

Supplemental disclosure of non-cash transactions:
    Debt issued to finance acquisition of ACEFS                              $        --                350,000
                                                                             ===========             ==========
</TABLE>


See accompanying notes to consolidated financial statements.


                                       5
<PAGE>   6


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                               September 30, 2000


(1)      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND OPERATIONS

         (A)      ORGANIZATION AND BASIS OF PRESENTATION

                  Intrepid Capital Corporation (the "Company") was formed on
                  April 3, 1998 for the purpose of becoming a full service
                  investment management and consulting business. On December
                  16, 1998, as part of a simultaneous merger and
                  reorganization, the Company acquired all of the outstanding
                  shares of Enviroq Corporation ("Enviroq"), Intrepid Capital
                  Management, Inc. ("ICM") and Capital Research Corporation
                  ("CRC") through a series of stock-for-stock and
                  stock-for-cash exchanges with the former shareholders of each
                  entity. The Company is located in Jacksonville Beach, Florida
                  and conducts its business through its three wholly-owned
                  subsidiaries.

                  ICM provides investment consulting and investment management
                  services to individuals and corporations. ICM has received
                  authority to act as an investment manager in several states
                  to meet the needs of its customers, the majority of which are
                  located in the southeastern United States.

                  CRC was a registered broker/dealer with the Securities and
                  Exchange Commission (the "SEC") and a member of the National
                  Association of Securities Dealers, Inc. (the "NASD") and the
                  Securities Investor Protection Corporation (the "SIPC"). In a
                  transaction effective on August 1, 1999, the Company acquired
                  all the outstanding shares of Allen C. Ewing Financial
                  Services, Inc. ("ACEFS"). Primarily all of ACEFS' operations
                  were conducted through its wholly owned subsidiary, Allen C.
                  Ewing & Co., a registered broker/dealer with the SEC and a
                  member of the NASD and the SIPC. Concurrent with that
                  transaction, the Company contributed all of the assets and
                  liabilities of ACEFS to CRC.

                  Subsequent to the acquisition, the operations of CRC and
                  ACEFS are conducted through the merged entity under the name
                  Allen C. Ewing & Co. ("Ewing"), which retained its
                  broker/dealer registration. Effective December 31, 1999, CRC
                  is no longer a registered broker/dealer. Ewing conducts a
                  general securities business on a fully-disclosed basis
                  through a clearing broker/dealer that carries all accounts
                  and prepares and maintains all books and records for Ewing's
                  customers.

                  Enviroq conducts its operations through Sprayroq, Inc.
                  ("Sprayroq"), a 50% owned subsidiary. Sprayroq is engaged in
                  the development, commercialization, manufacture and marketing
                  of spray-applied resinous materials and in the treatment of
                  municipal wastewater.


                                       6
<PAGE>   7


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                               September 30, 2000


                  The interim financial information included herein is
                  unaudited. Certain information and footnote disclosures
                  normally included in the financial statements have been
                  condensed or omitted pursuant to the rules and regulations of
                  the SEC. The Company believes that the disclosures made
                  herein are adequate to make the information presented not
                  misleading. These financial statements should be read in
                  conjunction with the financial statements and related notes
                  contained in the Company's Annual Report on Form 10-KSB filed
                  with the SEC on March 28, 2000. Except as indicated herein,
                  there have been no significant changes from the financial
                  data published in the Company's Annual Report. In the opinion
                  of management, such unaudited information reflects all
                  adjustments, consisting of normal recurring accruals
                  necessary for fair presentation of the unaudited information.
                  The results of operations for the three and nine month
                  periods ended September 30, 2000 and 1999 are not necessarily
                  indicative of the results that may be expected for the full
                  year.

         (B)      PRINCIPLES OF CONSOLIDATION

                  The accompanying consolidated financial statements include
                  the accounts of the Company and its subsidiaries ICM, Ewing,
                  and Enviroq.

                  All significant intercompany balances and transactions have
                  been eliminated in consolidation. The Company, through its
                  ownership in Enviroq, controls the operations and activities
                  of Sprayroq. There is no recognition of minority interest in
                  this subsidiary prior to September 30, 2000, because of its
                  previous accumulated deficit position.

         (C)      EARNINGS PER SHARE

                  Net income per share of common stock is computed based upon
                  the weighted average number of common shares and share
                  equivalents outstanding during the period. Stock warrants and
                  convertible instruments, when dilutive, are included as share
                  equivalents. For the three and nine month periods ended
                  September 30, 2000 and 1999, the Company had no dilutive
                  common stock equivalents.

         (D)      COMPREHENSIVE INCOME

                  No differences between total comprehensive loss and net loss
                  existed in the financial statements reported for the three
                  and nine month periods ended September 30, 2000 and 1999.

(2)      RELATED PARTY TRANSACTION

                  The Company performs certain asset management functions for
                  Intrepid Capital, L.P., an investment limited partnership of
                  which the Company is general partner and a 1.23% equity
                  interest owner as of September 30, 2000. For the nine months
                  ended September 30, 2000 and 1999, the Company received
                  $27,448 and $45,325, respectively, for such services.


                                       7
<PAGE>   8


                 INTREPID CAPITAL CORPORATION AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                               September 30, 2000


(3)      SEGMENTS

                  During 2000 and 1999, the Company operated in two principal
                  segments, investment advisory services and broker/dealer
                  services, which includes investment banking revenues. Enviroq
                  constitutes a separate segment. The Company assesses and
                  measures operating performance based upon the net (loss)
                  income derived from each of its operating segments exclusive
                  of the impact of corporate expenses. The revenues and net
                  (loss) income for each of the reportable segments are
                  summarized as follows for the three and nine months ended
                  September 30, 2000 and 1999:


<TABLE>
<CAPTION>

                                                           THREE MONTHS                           NINE MONTHS
                                                        ENDED SEPTEMBER 30,                    ENDED SEPTEMBER 30,
                                                     2000                1999               2000               1999
                                                  -----------         ----------         ----------         ----------
<S>                                               <C>                 <C>                <C>                <C>
Revenues:
      Investment advisory services segment        $   170,810            202,692            527,781            623,175
      Broker/dealer services segment                  488,972            639,087          1,724,799          1,487,386
      Enviroq                                         858,015            305,971          1,345,975          1,447,913
      Corporate                                      (110,132)          (152,518)           217,043           (237,445)
      Intersegment revenues                           110,696            (86,309)          (199,166)            66,922
                                                  -----------         ----------         ----------         ----------
                                                  $ 1,518,361            908,923          3,616,432          3,387,951
                                                  ===========         ==========         ==========         ==========

Net (loss) income:
      Investment advisory services segment        $   (42,491)          (129,481)          (185,648)          (194,309)
      Broker/dealer services segment                  (31,865)            69,271            (68,994)           149,888
      Enviroq                                          75,657            (26,099)           (89,718)           111,342
      Corporate                                      (171,404)          (218,471)          (334,872)          (398,916)
                                                  -----------         ----------         ----------         ----------
                                                  $  (170,103)          (304,780)          (679,232)          (331,995)
                                                  ===========         ==========         ==========         ==========
</TABLE>


                  The total assets for each of the reportable segments are
                  summarized as follows as of September 30, 2000 and December
                  31, 1999. Non-segment assets consist primarily of cash,
                  investments and other assets, which are recorded at the
                  parent company level.


<TABLE>
<CAPTION>

                                                           2000                   1999
                                                        ----------              ---------
<S>                                                     <C>                     <C>
Assets:
      Investment advisory services segment              $  130,509                256,129
      Broker/dealer services segment                     1,134,425              1,340,988
      Enviroq                                            1,635,270              1,511,440
      Other                                                223,838                422,335
                                                        ----------              ---------
                                                        $3,124,042              3,530,892
                                                        ==========              =========
</TABLE>


                                       8
<PAGE>   9


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                             RESULTS OF OPERATIONS

         Certain statements contained in this Quarterly Report on Form 10-QSB
are "forward-looking statements," within the meaning of the Private Securities
Litigation Reform Act of 1995, and are thus prospective in nature. Such
forward-looking statements reflect management's beliefs and assumptions and are
based on information currently available to management. The forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements of Intrepid Capital
Corporation to differ materially from those expressed or implied in such
statements. There can be no assurance that such factors or other factors will
not affect the accuracy of such forward-looking statements

Liquidity and Capital Resources

         The Company's current assets consist generally of cash, money market
funds and accounts receivable. The Company has financed its operations with
funds provided by stockholder capital and the sale of its trading securities.
The Company has developed a growth strategy plan that includes both internal
and external growth through acquisitions.

         For the six month period ended June 30, 2000 and, to a lesser extent,
for the three month period ended September 30, 2000, the Company incurred
significant operating losses and negative cash flows. The Company has evaluated
several options and, subsequent to September 30, 2000, the Company's board has
approved the pursuit of various strategic acquisitions that management believes
will significantly improve the Company's current financial position and improve
future operating results through economies of scale. Additionally, the Company
has entered into an agreement for the raising of additional capital through the
issuance of equity securities in private placements. If additional funds are
raised through the issuance of equity securities, the percentage of ownership
of the stockholders of the Company will be reduced. The Company is presently
evaluating several other options to raise capital which include enhancing the
operations, or the complete disposal of, Sprayroq, Inc. (Enviroq's 50% owned
subsidiary). The Company also believes that its broker/dealer services segment
will generate substantial high-margin investment banking revenues during the
upcoming quarter and into the following year. While management believes it will
be able to meet its capital needs through several of the above alternatives,
there can be no assurances that such transactions will take place on terms
favorable to the Company, if at all. If adequate funds are not available or
terms are not suitable, the Company's growth strategy would be significantly
limited and such limitation could have a material adverse effect on the
Company's business, results of operations and financial condition.

         For the nine months ended September 30, 2000, net cash used in
operating activities of $298,780 was primarily attributable to the net loss,
offset by cash proceeds from sales of investments. Net cash used in investing
activities was $169,952 due to the purchase of property, plant, and equipment.
There were no financing activities for the period.

         The Company, through its wholly-owned subsidiary, Ewing, is subject to
the net capital requirements of the SEC, the NASD and other regulatory
authorities. At September 30, 2000, Ewing's regulatory net capital was
$518,678, which is $268,678 in excess of its minimum net capital requirement of
$250,000.

         Since its acquisition of Enviroq in December 1998, the Company has
been evaluating alternatives for the future of this business because of its
inconsistency with the Company's primary mission. The Company is currently
pursuing several alternatives for this business, including a possible sale of
Sprayroq, Enviroq's 50% owned subsidiary that conducts primarily all of
Enviroq's operations.


                                       9
<PAGE>   10


Results of Operations

         Three Months Ended September 30, 2000 Compared to the Three Months
         Ended September 30, 1999

         Total revenues were $1,518,361 for the three months ended September
30, 2000, compared to $908,923 for the three months ended September 30, 1999,
representing a 67.1% increase. The increase is primarily attributable to
increased resinous material sales.

         Commissions increased $20,001, or 5.1%, to $412,508. Commissions
represent revenue earned from securities transactions conducted on behalf of
customers, including transactions with mutual funds and variable annuities. The
increase in commissions is primarily attributable to the consolidation of Ewing
for the entire three month period ended September 30, 2000 compared to only two
months in 1999 as Ewing was acquired in August 1999.

         Asset management fees decreased $62,806, or 27.5%, to $165,473. Asset
management fees represent revenue earned by ICM for investment advisory
services. The fees earned are generally a function of the overall fee rate
charged to each account and the level of Assets Under Management ("AUM").
Quarterly management fees are billed on the first day of each quarter based on
each account value at the market close of the prior quarter. AUM was $76.8
million at June 30, 2000, compared to $101.4 million at June 30, 1999. The
decrease in asset management fees for the three months ended September 30, 2000
relates directly to the net decrease in AUM at the market close of the prior
quarter. The net decrease in AUM was the net result of investment performance
and the net change in client assets. The negative net change in client assets
is primarily attributable to the Company's "value investment style", which has
not performed at historical levels over the past two years, and has resulted in
client movement. Management believes that this trend reversed during the first
quarter of 2000 and may well be followed by an extended period more favorable
to the value investment style. AUM was $77.8 million at September 30, 2000,
compared to $98.0 million at September 30, 1999.

         Investment banking revenues decreased $7,923, or 9.6% to $74,583.
Investment banking revenues represent fees earned by Ewing for providing
investment banking services to clients on corporate finance matters, including
mergers and acquisitions and the issuance of capital stock to the public. Such
revenues are dependent on the timing of services provided and are normally
received upon consummation of the transaction.

         Net trading losses decreased $131,774, or 95.3%, to ($6,528). There
were $6,767 of realized losses and $239 of unrealized gains in the Company's
investment in trading securities and Intrepid Capital, L.P.

         Resinous material sales increased $554,459, or 183.0%, to $857,380.
The increase is primarily attributable to the sale of two new licenses during
the three months ended September 30, 2000 and an increase in resin demand from
licensees.

         Dividend and interest income decreased $18,358, or 59.2%, to $12,651.
The decrease is primarily attributable to the sale of dividend and interest
bearing trading securities.

         Total expenses were $1,596,969 for the three months ended September
30, 2000, compared to $1,397,588 for the three months ended September 30, 1999,
representing a 14.3% increase. The increase is primarily attributable to an
increase in cost of resinous material sales, which is directly related to the
increase in resinous material sales.


                                      10
<PAGE>   11


         Salaries and employee benefits decreased $116,016, or 15.7%, to
$622,867. The decrease is primarily attributable to cost savings as a result of
closing Ewing's operations in Tampa, Florida in July 2000.

         Brokerage and clearing expenses decreased $61,087, or 46.6%, to
$70,021. Brokerage and clearing expenses represent the securities transaction
and other costs paid to the clearing broker/dealer, and are related to
commission revenue earned by Ewing. During the quarter ended March 31, 2000,
the Company re-negotiated its clearing agreement, resulting in reduced
transactional costs and decreased brokerage and clearing expenses per trade.
The net decrease reflects decreased costs as a result of the re-negotiated
clearing agreement.

         Cost of resinous material sales increased $303,325, or 196.1%, to
$458,042. The increase is primarily attributable to the sale of two new
licenses during the three months ended September 30, 2000 and an increase in
resin demand from licensees.

         Advertising and marketing expenses decreased $8,695, or 14.3%, to
$52,196. The decrease can be attributed to decreased travel and entertainment
costs.

         Professional and regulatory expenses increased $37,099, or 46.0%, to
$117,708. The increase is primarily attributable to increased technology costs,
the relocation of Ewing's trading operations from Tampa, Florida to
Jacksonville, Florida and to a nonrecurring certification fee at Sprayroq.

         Occupancy and maintenance expenses increased $44,726, or 68.7%, to
$109,827 as a result of the relocation of the Company's headquarters in January
2000.

         Depreciation and amortization expenses increased $19,231, or 58.7%, to
$52,015 due to the amortization of goodwill incurred as a result of the
acquisition of Ewing in August 1999 and to depreciation of acquired assets.
Depreciation costs incurred on leasehold improvements for the Company's new
headquarters also contributed.

         Interest expense increased $8,524, or 48.3%, to $26,165 due to
interest costs associated with the debt incurred as a result of the acquisition
of Ewing in August 1999 and to increased market interest rates on the Company's
variable rate bank note.

         Nine Months Ended September 30, 2000 Compared to the Nine Months Ended
         September 30, 1999

         Total revenues were $3,616,432 for the nine months ended September 30,
2000, compared to $3,387,951 for the nine months ended September 30, 1999,
representing a 6.7% increase. The increase is primarily attributable to
increased commissions and net trading profits.

         Commissions increased $212,654, or 17.4%, to $1,438,271. Commissions
represent revenue earned from securities transactions conducted on behalf of
customers, including transactions with mutual funds and variable annuities. The
increase primarily represents increased transaction volume as a result of the
acquisition of Ewing in August 1999.

         Asset management fees decreased $148,720, or 22.5%, to $513,599. Asset
management fees represent revenue earned by ICM for investment advisory
services. The fees earned are generally a function of the overall fee rate
charged to each account and the level of AUM. Quarterly management fees are
billed on the first day of each quarter based on each account value at the
market close of the prior


                                      11
<PAGE>   12


quarter. AUM was $92.5, $84.5, and $76.8 million at December 31, 1999, March
31, 2000, and June 30, 2000, respectively, compared to $101.0, $89.3, and
$101.4 million at December 31, 1998, March 31, 1999, and June 30, 1999,
respectively. The decrease in asset management fees for the nine months ended
September 30, 2000 relates directly to the net decreases in AUM at the market
close prior to each quarter in the nine month period. The net decrease in AUM
was the net result of investment performance and the net change in client
assets. The negative net change in client assets is primarily attributable to
the Company's "value investment style", which has not performed at historical
levels over the past two years, and has resulted in client movement. Management
believes that this trend reversed during the first quarter of 2000 and may well
be followed by an extended period more favorable to the value investment style.
AUM was $77.8 million at September 30, 2000, compared to $98.0 million at
September 30, 1999.

         Investment banking revenues increased $58,368, or 70.7% to $140,874.
Investment banking revenues represent fees earned by Ewing for providing
investment banking services to clients on corporate finance matters, including
mergers and acquisitions and the issuance of capital stock to the public. Such
revenues are dependent on the timing of services provided and are normally
received upon consummation of the transaction. The increase is primarily
attributable to the acquisition of Ewing in August 1999.

         Net trading profits increased $200,398, or 205.1%, to $102,695. There
were $174,661 of realized gains and $71,966 of unrealized losses in the
Company's investment in trading securities, which includes securities obtained
through the acquisition of Ewing in August 1999 and the Company's investment in
Intrepid Capital, L.P.

         Resinous material sales decreased $89,402, or 6.2%, to $1,342,646. The
decrease is attributable to a decline in resin demand and the timing of
purchases by existing licensees.

         Dividend and interest income increased $3,874, or 8.1%, to $51,587.
The increase is primarily attributable to an increase in interest received from
the higher average cash balances invested in money markets and to increased
margin interest earned on customer margin accounts as a result of the
acquisition of Ewing in August 1999.

         Total expenses were $4,356,945 for the nine months ended September 30,
2000, compared to $3,920,250 for the nine months ended September 30, 1999,
representing a 11.1% increase. The increase is primarily attributable to the
acquisition of Ewing in August 1999.

         Salaries and employee benefits increased $192,938, or 10.4%, to
$2,039,694. The increase is due to annual increases in salaries and the
acquisition of Ewing in August 1999, which resulted in additional employees for
the Company.

         Brokerage and clearing expenses decreased $80,862, or 21.7%, to
$292,043. Brokerage and clearing expenses represent securities transaction and
other costs paid to the clearing broker/dealer, and are related to commission
revenue earned by Ewing. During the quarter ended March 31, 2000, the Company
re-negotiated its clearing agreement, resulting in reduced transactional costs
and decreased brokerage and clearing expenses per trade. The net decrease
reflects decreased costs as a result of the re-negotiated clearing agreement.

         Cost of resinous material sales increased $1,452, or 0.2%, to
$709,638, despite lower resinous material sales from the same period. The
increase is primarily attributable to a change in product mix and an increase
in the cost of components of equipment used in the resinous material business.


                                      12
<PAGE>   13


         Advertising and marketing expenses decreased $22,696, or 11.2%, to
$180,439. The decrease can be attributed to decreased travel and entertainment
costs and to decreased advertising costs resulting from a nonrecurring
advertising campaign for Sprayroq conducted during the nine months ended
September 30, 1999.

         Professional and regulatory expenses increased $61,224, or 25.6%, to
$300,757. The increase is primarily attributable to increased technology costs
at Ewing and to a nonrecurring certification fee at Sprayroq.

         Occupancy and maintenance expenses increased $175,561, or 111.8%, to
$332,627 as a result of the acquisition of Ewing in August 1999 and to the
relocation of the Company's headquarters in January 2000.

         Depreciation and amortization expenses increased $62,410, or 68.3%, to
$153,769 due to the amortization of goodwill incurred as a result of the
acquisition of Ewing in August 1999 and to depreciation of acquired assets.
Depreciation costs incurred on leasehold improvements for the Company's new
headquarters also contributed.

         Interest expense increased $33,175, or 106.2%, to $64,406 due to
interest costs associated with the debt incurred as a result of the acquisition
of Ewing in August 1999 and to increased market interest rates on the Company's
variable rate bank note.

         Other expenses increased $13,493, or 5.0%, to $283,572 due to
increased general and administrative expenses as a result of the acquisition of
Ewing in August 1999.


                          PART II - OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

         There are no legal proceedings pending, or to the Company's knowledge,
threatened against the Company or any of its subsidiaries.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits:


<TABLE>
         Exhibit No.                Description
         -----------                -----------

         <S>                        <C>
         27                         Financial Data Schedule (for SEC use only)
</TABLE>


(b)      Reports on Form 8-K:

         None.


                                      13
<PAGE>   14


                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.



                                             INTREPID CAPITAL CORPORATION


                                             By /s/ FORREST TRAVIS
                                               --------------------------------
                                               Forrest Travis, President and
                                               Chief Executive Officer

                                             Dated:  November 13, 2000



                                             By /s/ MICHAEL J. WALLACE
                                               --------------------------------
                                               Michael J. Wallace, Chief
                                               Accounting Officer

                                             Dated:  November 13, 2000


                                      14
<PAGE>   15


                                 EXHIBIT INDEX


<TABLE>
<CAPTION>
Exhibit No.                                                   Description of Exhibit
-----------                                                   ----------------------

<S>                                                           <C>
27                                                            Financial Data Schedule (for SEC use only)
</TABLE>


                                      15