U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   Form 10-QSB


X        Quarterly  report under Section 13 or 15(d) of the Securities Exchange
         Act of 1934
         For the quarterly period ended June 30, 2000

___      Transition report under Section 13 or 15(d) of the Exchange Act
         For the transition period from _______ to _________

                        Commission File Number 333-67435

                           CITIZENS FIRST CORPORATION
               (Exact Name of Small Business Issuer as Specified in its Charter)

         Kentucky                                  61-0912615
(State or Other Jurisdiction of            (I.R.S. Employer Identification No.)
Incorporation or Organization)

                1805 Campbell Lane, Bowling Green, Kentucky 42101
                    (Address of principal executive offices)

               Issuer's telephone number, including area code: (270) 393-0700

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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

         Class                                    Outstanding at August 14, 2000

Common Stock, no par value                                    643,053

Transitional Small Disclosure Format:  Yes ___     No   X
                                                      ---


<PAGE>


                           CITIZENS FIRST CORPORATION

                                TABLE OF CONTENTS
                                                                       Page No.

PART I.  FINANCIAL INFORMATION
         ITEM 1.  Financial Statements                                    3-7

         ITEM 2. Management's Discussion and Analysis of Financial
         Condition and Results of Operations                             8-12

PART II.  OTHER INFORMATION

         ITEM 4. Submission of Matters to a Vote of Security Holders       13

         ITEM 6. Exhibits and Reports on Form 8-K                          13

         Signatures                                                        14

         Exhibits                                                       15-18
<PAGE>


                         Part I - Financial Information


Item 1. Financial Statements
<TABLE>

Consolidated Balance Sheets
 (Unaudited)

<CAPTION>

                                                                     June 30,      December 31,
                                                                       2000             1999
                                                                       ----             ----
<S>                                                               <C>             <C>
Assets

 Cash and due from banks ......................................   $  2,740,781    $  2,175,135
 Interest-bearing deposits with banks .........................         22,568          20,204
 Federal funds sold ...........................................           --         3,475,000
 Securities available for sale (amortized cost of $6,250,186 as
 of June 30, 2000; $4,472,022 as of December 31, 1999)
                                                                     6,196,626       4,389,787
Mortgage loans held for sale ..................................         96,000         114,000
 Loans ........................................................     47,945,754      34,126,628
 Less allowance for loan losses ...............................        581,520         400,920
                                                                  ------------    ------------
    Net loans .................................................     47,364,234      33,725,708
 Premises and equipment, net ..................................      1,585,486       1,641,257
 Other assets .................................................        613,893         432,219
                                                                  ------------    ------------
    Total assets ..............................................   $ 58,619,588    $ 45,973,310
                                                                  ============    ============

 Liabilities and Shareholders' Equity
 Deposits:
   Demand deposits ............................................   $  3,279,864    $  2,877,867
   Savings, NOW and money market deposits .....................      7,823,228       7,675,636
   Time deposits ..............................................     37,112,478      26,576,818
                                                                  ------------    ------------
   Total deposits .............................................     48,215,570      37,130,321
 Securities sold under agreements to repurchase ...............      2,423,631       1,487,878
 Other short-term borrowings ..................................      1,000,000            --
 Other liabilities ............................................        420,732         506,463
                                                                  ------------    ------------
    Total liabilities .........................................    52,059,933      39,124,662
 Shareholders' equity:
   Preferred stock, Authorized 500 shares; issued and
     outstanding 0 ................... ........................           --              --
   Common stock, no par value. Authorized 1,000,000
     shares; issued and outstanding 643,053 ...................      7,357,477       7,357,477
   Retained earnings ..........................................       (762,472)       (454,554)
    Accumulated other comprehensive income ....................        (35,350)        (54,275)
                                                                  ------------    ------------

    Total shareholders' equity ................................      6,559,655       6,848,648
                                                                  ------------    ------------
    Total liabilities
      and shareholders' equity ................................   $ 58,619,588    $ 45,973,310
                                                                  ============    ============
</TABLE>

 See accompanying notes to consolidated financial statements.

<PAGE>

Consolidated Statements of Income
 (Unaudited)
<TABLE>
<CAPTION>

 For the three months ended June 30
                                              2000         1999
                                             -----        ------

 Interest income
<S>                                      <C>           <C>
  Loans, including fees ...............  $ 1,042,776   $ 166,590
  Federal funds sold ..................       29,203      30,569
  Securities available for sale .......       94,358      47,947
  Interest-bearing deposits with banks         2,480       4,225
                                           ---------    ---------
  Total interest income ...............    1,168,817     249,331
Interest expense
  Deposits ............................      571,046      71,822
  Other short-term borrowings .........       20,305         326
                                           ---------    ---------
  Total interest expense ..............      591,351      72,148
                                           ---------    ---------
Net interest income ...................      577,466     177,183
  Provision for loan losses ...........      118,500      97,500
                                             -------    --------
Net interest income after
  provision for loan losses ...........      458,966      79,683
                                             -------    --------
Non-interest income
  Service charges on deposit accounts .       57,484       8,222
  Gain (loss) on sales of securities
  available for sale, net .............         --       145,539
  Other ...............................       13,507      34,657
                                           ---------    ---------
  Total non-interest income ...........       70,991     188,418
Non-interest expense
  Compensation and benefits ...........      347,668     278,575
  Net occupancy expense ...............       36,707      37,867
  Furniture and equipment expense .....       44,325      53,653
  Professional fees ...................       38,788      28,105
  Postage, printing & supplies ........       13,355      17,107
  Bank franchise and license tax ......       24,000      15,625
  Processing fees .....................       39,765      19,779
  Advertising .........................       25,728      13,814
  Other ...............................       51,206      50,444
                                             -------   ---------
  Total non-interest expense...........      621,542     514,969
                                             -------   ---------
Income (loss) before income taxes .....  $   (91,585)  $(246,868)
Income tax expense ....................         --         9,682
                                           ---------   ---------
Net income (loss) .....................  $   (91,585)  $(256,550)
                                           =========   =========


Diluted earnings (loss) per share .....  $     (0.14)  $   (0.40)
Basic earnings (loss) per share .......  $     (0.14)  $   (0.40)
</TABLE>
See accompanying notes to consolidated financial statements.



<PAGE>



Consolidated Statements of Income
 (Unaudited)
<TABLE>
<CAPTION>

 For the six months ended June 30
                                            2000          1999
                                            ----          ----

 Interest income
<S>                                     <C>           <C>
  Loans, including fees ..............  $ 1,833,406   $ 178,075
  Federal funds sold .................       66,572      65,647
  Securities available for sale ......      189,710      54,113
  Interest-bearing deposits with banks        5,047       6,072
                                          ---------   ---------
  Total interest income ..............    2,094,735     303,907
Interest expense
  Deposits ...........................    1,025,360      79,850
  Other short-term borrowings ........       31,677      12,218
                                          ---------   ---------
  Total interest expense .............    1,057,037      92,068
                                          ---------   ---------
Net interest income ..................    1,037,698     211,839
  Provision for loan losses ..........      207,000     122,500
                                          ---------   ---------
Net interest income after
  provision for loan losses ..........      830,698      89,339
                                          ---------   ---------
Non-interest income
  Service charges on deposit accounts        93,427       8,572
  Gain (loss) on sales of securities
   available for sale, net ...........       (6,700)    889,245
  Other ..............................       20,240      36,124
                                           --------   ---------
  Total non-interest income ..........      106,967     933,941
Non-interest expenses
  Compensation and benefits ..........      698,818     533,186
  Net occupancy expense ..............       75,310      69,215
  Furniture and equipment expense ....       99,176      83,487
  Professional fees ..................       63,746      48,296
  Postage, printing & supplies .......       27,730      46,587
  Bank franchise and license tax .....       48,356      34,375
  Processing fees ....................       68,425      33,091
  Advertising ........................       59,515      54,294
  Other ..............................      104,507      72,153
                                          ---------   ---------
  Total non-interest expenses ........    1,245,583     974,684
                                          ---------   ---------
Income (loss) before income taxes ....     (307,918)     48,596
Income tax expense ...................         --        63,545
                                         ----------   ---------
Net income (loss) ....................  $  (307,918)  $ (14,949)
                                        ============   =========

Diluted earnings (loss) per share ....  $     (0.48)  $   (0.03)
Basic earnings (loss) per share ......  $     (0.48)  $   (0.03)
</TABLE>

 See accompanying notes to consolidated financial statements.



<PAGE>



Consolidated Statements of Changes in Shareholders' Equity
 (Unaudited)
<TABLE>

 For the six months ended June 30
<CAPTION>

                                                   2000            1999
                                                   -----           ----

<S>                                            <C>            <C>
 Balance January 1                             $  6,848,648   $   725,042
  Net income (loss) ..........................     (307,918)      (14,949)
  Other comprehensive income (loss) net of tax       18,925      (565,941)
  Issuance of common stock                                -     7,336,935

                                                -----------   -----------
Balance at end of period ..................... $  6,559,655   $ 7,481,087
                                                ===========   ===========
</TABLE>

 See accompanying notes to consolidated financial statements.



Consolidated Statements of Comprehensive Income
 (Unaudited)
<TABLE>

 For the six months ended June 30
<CAPTION>
                                                        2000        1999
                                                       -----        ----

<S>                                                  <C>         <C>
Net income (loss) .................................  $(307,918)   $(14,949)
Other comprehensive income,(loss) net of tax:
    Unrealized holding gains on available for sale
        securities arising during the period            14,503      20,960
    Reclassification adjustments for gains (losses)
       on securities included in net income              4,422    (586,901)
                                                     ---------    --------
Total other comprehensive income (loss), Net of tax     18,925    (565,941)
                                                     ---------    --------
Comprehensive income (loss)                          $(288,993)  $(580,890)
                                                     ==========  ==========
</TABLE>


 See accompanying notes to consolidated financial statements.



<PAGE>


<TABLE>

 Consolidated Statements of Cash Flows
 (Unaudited)
 For the six months ended June 30
<CAPTION>
                                                                  2000            1999
                                                                  ----            ----
<S>                                                        <C>            <C>
 Cash flows from operating activities:
Net income ..............................................  $   (307,918)  $    (14,949)
Adjustments to reconcile net income to cash
  provided by operating activities:
  Provision for loan losses .............................       207,000        122,500
  (Gain) loss on sale of securities available for sale ..         6,700       (889,245)
  Depreciation and amortization of fixed assets .........       110,240         93,676
Increase in accrued interest receivable .................      (259,256)      (131,004)
Decrease (increase) in other assets .....................        44,371        (86,147)
Increase in accrued interest payable ....................       110,007         24,215
Decrease in other liabilities ...........................      (204,019)      (303,282)
                                                           ------------   ------------
  Net cash used in operating  activities ................      (292,875)    (1,184,236)
                                                           ------------   ------------
Cash flows from investing activities:
 Net increase in interest-bearing deposits with banks ...        (2,364)      (231,593)
 Net decrease (increase) in federal funds sold ..........     3,475,000     (1,950,000)
Proceeds from sale of securities available for sale .....       493,300        971,597
Proceeds from maturities of securities available for sale     3,003,742        310,641
Purchase of securities available for sale ...............    (5,279,437)    (4,598,943)
Net increase in loans ...................................   (13,827,526)   (12,192,573)
Purchases of premises and equipment .....................       (25,294)      (698,833)
                                                           ------------   ------------
  Net cash used in investing activities .................   (12,162,579)   (18,389,704)
                                                           ------------   ------------
Cash flows from financing activities:
Net increase in deposits ................................    11,085,249     13,877,201
Net increase (decrease) in short-term borrowings ........     1,935,851       (917,140)
Proceeds from issuance of common stock ..................          --        7,336,935
                                                           ------------   ------------
  Net cash provided by financing activities .............    13,021,100     20,296,996
                                                           ------------   ------------
Net increase in cash and cash equivalents ...............       565,646        723,056
Cash and cash equivalents at beginning of period ........     2,175,135         16,817
                                                           ------------   ------------
Cash and cash equivalents at end of period ..............  $  2,740,781   $    739,873
                                                           ============   ============
</TABLE>

 See accompanying notes to consolidated financial statements.



<PAGE>

         Notes to Consolidated Financial Statements

          (1) Summary of Significant Accounting Policies
              The   accounting   and  reporting   policies  of  Citizens   First
         Corporation  (the  "Company") and its  subsidiary  Citizens First Bank,
         Inc. (the "Bank") conform to generally accepted  accounting  principles
         and general  practices  within the banking  industry.  The consolidated
         financial statements include the accounts of Citizens First Corporation
         and  its   wholly-owned   subsidiary.   All  significant   intercompany
         transactions and accounts have been eliminated in consolidation.

              The  preparation  of  financial   statements  in  conformity  with
         generally accepted  accounting  principles  requires management to make
         estimates and  assumptions  that affect the reported  amounts of assets
         and liabilities and disclosure of contingent  assets and liabilities as
         of the date of the  financial  statements  and the reported  amounts of
         revenues and expenses  during the reporting  period.  Estimates used in
         the  preparation  of the  financial  statements  are  based on  various
         factors including the current interest rate environment and the general
         strength of the local  economy.  Changes in the overall  interest  rate
         environment can significantly  affect the Company's net interest income
         and the value of its recorded  assets and  liabilities.  Actual results
         could  differ  from  those  estimates  used in the  preparation  of the
         financial statements.

              The  financial  information  presented  has been prepared from the
         books and records of the Company and is not audited.  The  accompanying
         consolidated financial statements have been prepared in accordance with
         the  instructions  to  Form  10-QSB  and  do  not  include  all  of the
         information and the footnotes required by generally accepted accounting
         principles for complete statements.

              In the opinion of management, all adjustments considered necessary
         for a  fair  presentation  have  been  reflected  in  the  accompanying
         unaudited  financial  statements.  Results of interim  periods  are not
         necessarily indicative of results to be expected for the full year.

         (2) Stock Split
              On February 5, 1999 the  Company's  Board of Directors  declared a
         stock  split  of  1.043 to 1.  All of the per  share  calculations  and
         amounts of outstanding shares included herein for all periods presented
         have been restated to give retroactive effect to the stock split.

         (3) Reclassification of Initial Public Offering Proceeds
               On February  17, 1999 the Company  completed  the initial  public
         offering  for the sale of  536,667  shares of its no par  value  common
         stock.  The proceeds  from this  offering as well as the proceeds  from
         common  stock  outstanding  prior  to the  public  offering  have  been
         reflected as a component of common  stock on the balance  sheet.  These
         amounts were previously  reported as a component of additional  paid-in
         capital.  The  reclassification  has no impact on equity, net income or
         total assets as of or for the quarter ended June 30, 1999.


         (4) State Corporate Income Taxes
              The Company  incurred state  corporate  income taxes of $9,682 for
         the quarter  ended June 30, 1999 and $63,545 for the  six-month  period
         then ended because the losses of the Bank are not  deductible for state
         corporate  income tax purposes.  Banks in the state of Kentucky are not
         assessed  corporate  income  taxes,  but are instead taxed based on the
         value of their capital accounts.  Accordingly,  the income or loss from
         bank  subsidiaries  of  a  holding  company  is  not  included  in  the
         calculation  of corporate  income tax.  The Company had taxable  income
         primarily  as the result of gains of $145,539  and $889,245 on the sale
         of marketable securities in the three-month and six-month periods ended
         June 30, 1999.  The Company had no federal income tax liability for the
         three-month  or six month  periods  ended  June 30,  1999  based on its
         consolidated results of operations.




<PAGE>



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

         General

                  The   Company   was   incorporated   under  the  laws  of  the
         Commonwealth  of  Kentucky  on  December  24,  1975 for the  purpose of
         conducting  business as an investment  club,  and is  headquartered  in
         Bowling Green, Kentucky. In late 1998 and early 1999, the Company filed
         the  appropriate   regulatory   applications  and  received  regulatory
         approval  to  become a bank  holding  company  under  the Bank  Holding
         Company Act of 1956, as amended, through its organization and ownership
         of its only  subsidiary,  the Bank.  On February 17, 1999,  the Company
         completed the initial public offering for the sale of 536,667 shares of
         its no par value  common  stock.  The proceeds of the sale of the stock
         were used to pay start up expenses,  liquidate  short-term  borrowings,
         and  capitalize  the Bank. The Bank opened for business on February 18,
         1999.

                  The Bank operates in two locations. The main office is located
         at 1805 Campbell Lane, and the one branch office, which opened on March
         22, 1999, is located at 901 Lehman Avenue.

                  The Company's primary cash requirements are expected to be met
         by the anticipated growth of customers' deposits,  and through the sale
         of investment  securities.  The Bank has also established federal funds
         guidelines with  correspondent  banks,  giving it short-term  borrowing
         availability,  and  has  established  a  program  allowing  it to  sell
         investment securities under an agreement to repurchase at a later date.
         In addition, the Bank is in the process of finalizing  arrangements for
         borrowing   capabilities   through  the  Federal   Home  Loan  Bank  of
         Cincinnati.  Other than these sources,  the Company does not anticipate
         the need to raise additional funds in the next twelve months.  Property
         and equipment  needed for the operation of the Bank have been purchased
         and no additional significant purchases or sales of plant and equipment
         are  planned.  The  Company  and the  Bank  are  fully  staffed  and no
         significant changes in the number of employees are planned.

                  The Company  follows a  corporate  strategy  which  focuses on
         providing  the Bank's  customers  with high quality,  personal  banking
         services.  The Bank  offers a range of  products  designed  to meet the
         needs of its  customers  that include  individuals,  small  businesses,
         partnerships and corporations.


         Results of Operations
                  For the three months ended June 30, 2000, the Company reported
         a net loss of $91,585,  or $0.14 per diluted  share,  compared to a net
         loss of $256,550, or $0.40 per diluted share, for the same period ended
         June 30, 1999.  These results  include a gain on the sale of investment
         securities of $145,539 for the quarter  ended June 30, 1999.  Excluding
         these securities transactions, and the related tax effect, the net loss
         would  have  been  $392,407  or $0.61 per  diluted  share for the three
         months ended June 30, 1999.

                  For the six months ended June 30, 2000, the Company reported a
         net loss of  $307,918,  or $0.48 per diluted  share,  compared to a net
         loss of $14,949,  or $0.03 per diluted share, for the same period ended
         June 30, 1999.  Net income  includes a loss of $6,700  during the first
         six months of 2000,  and a gain of  $889,245  during the same period in
         1999,  from  the  sale  of  investment   securities.   Excluding  these
         securities  transactions  and the related tax effect,  the net loss for
         the first six  months of 2000 would  have been  $301,218,  or $0.47 per
         diluted share, compared to a net loss of $840,649, or $1.68 per diluted
         share, during the same period of 1999.

         Net Interest Income
                  Net  interest  income was  $577,466  in the second  quarter of
         2000,  compared with  $177,183 in the  comparable  1999 period.  Second
         quarter 2000  interest  income of  $1,168,817,  an increase of $919,486
         over the same  period  in 1999,  includes  $1,042,776  income on loans,
         $94,358 income on investment securities,  and $31,683 income on federal
         funds sold and interest-bearing deposits with banks. Interest income of
         $249,331 during the second quarter of 1999 included  $166,590 of income
         on loans, $47,947 income on investment  securities,  and $34,794 income
         on  federal  funds  sold  and  interest-bearing  deposits  with  banks.
         Interest expense of $591,351 for second quarter 2000 includes  interest
         on deposits of $571,046,  and $20,305 of other  short-term  borrowings.
         Second quarter 1999 interest expense of $72,148  consists  primarily of
         interest on deposits.

                  Net interest  income was  $1,037,698  for the six months ended
         June 30, 2000,  an increase of $825,859  over the total of $211,839 for
         the same period of 1999.  Interest  income of $2,094,735  for the first
         six months of 2000 included $1,833,406 income on loans, $189,710 income
         on investment securities,  and $71,619 income on federal funds sold and
         interest-bearing deposits with banks. Total interest income of $303,907
         for the first six months of 1999 consisted of $178,075 income on loans,
         $54,113 income on investment securities,  and $71,719 income on federal
         funds sold and interest-bearing  deposits with banks.  Interest expense
         for the first half of 2000 totaled  $1,057,037,  composed of $1,025,360
         interest  on  deposits,   and  $31,677  interest  on  other  short-term
         borrowings.  The  comparable  period of 1999 had  interest  expense  of
         $92,068,  of which  $79,850 was interest on  deposits,  and $12,218 was
         interest on other short-term borrowings.

         Non-Interest Income
                  Non-interest  income for the three  months ended June 30, 2000
         and 1999,  respectively,  was $70,991 and  $188,418.  The three  months
         ended  June  30,  1999  included  a gain  on  the  sale  of  investment
         securities  of $145,539.  These  investments  were sold in part so that
         additional capital would be available to be contributed to the Bank, in
         order to meet  minimum  capital  requirements  of the  Federal  Deposit
         Insurance Corporation.
                  Non-interest  income was $106,967  versus $933,941 for the six
         months ended June 30, 2000 and 1999, respectively.  Non-interest income
         for the first six months of 2000  includes a loss of $6,700 on the sale
         of investment  securities.  This loss is due to an investment  that was
         sold and replaced with a higher-yielding security.  Non-interest income
         for the same period in 1999  included a gain on the sale of  investment
         securities  of  $889,245.  Some of this  gain  was  the  result  of the
         previously mentioned sale so that additional capital would be available
         to be contributed  to the Bank. In addition,  at December 31, 1998, the
         investment  securities owned by the Company included  concentrations in
         the stocks of certain  publicly traded  companies.  The sale of some of
         these  securities  in early 1999 was an effort to reduce the  Company's
         exposure to loss.

         Non-Interest Expense
                  Non-interest  expense was  $621,542  in the second  quarter of
         2000,  up from  $514,969  in the same  quarter of 1999,  an increase of
         $106,573 or 21%. Non-interest expense for the six months ended June 30,
         2000 and 1999, respectively,  was $1,245,583 and $974,684, an increase
         of $270,899  or 28%.  Expenses  for the first half of 2000  include the
         costs of a full six months of operations  of the Bank,  compared to the
         comparable period in 1999, during which the Bank opened on February 18,
         1999. The majority of the year-to-year  increase is in compensation and
         benefits expenses,  which increased $165,632,  or 31%, from $533,186 in
         1999 to $698,818 in 2000.

         Income Taxes
                  Income tax expense has been calculated  based on the Company's
         expected   annual  rate.   Deferred  tax  liabilities  and  assets  are
         recognized  for the tax effects of  differences  between the  financial
         statement  and  tax  bases  of  assets  and  liabilities.  A  valuation
         allowance is  established  to reduce  deferred tax assets if it is more
         likely than not that a deferred tax asset will not be realized.

         Balance Sheet Review
         Overview
                  Total  assets  at June  30,  2000  were  $58,619,588,  up from
         $45,973,310 at December  31,1999,  and up from  $21,834,899 a year ago.
         Average  total  assets  increased  $39,059,057  over the  past  year to
         $51,205,210.   Average   earning   assets   increased   $39,378,172  to
         $45,208,076 over the past year.

         Loans
                  The  Bank  experienced  annualized  loan  growth  of 81%  from
         December 31, 1999 to June 30, 2000.  At June 30, 2000 loans  (excluding
         mortgage  loans  held  for  sale)  totaled  $47,945,754  compared  with
         $34,126,628 at December 31, 1999 and $12,192,573 a year ago.

         Asset Quality
                  The  allowance  for loan losses was $581,520 at June 30, 2000,
         an increase of  $180,600,  or 45% over the  December  31, 1999 level of
         $400,920. The allowance represents 1.21% of net loans, up from 1.17% of
         net loans as of December 31, 1999.

                  The Bank had no  non-performing  loans at June 30, 2000, or at
         December  31,  1999.  Non-performing  loans are defined as  non-accrual
         loans,  loans accruing but past due 90 days or more,  and  restructured
         loans.  The Bank had no  non-performing  assets,  which are  defined as
         non-performing  loans,  foreclosed  real estate,  and other  foreclosed
         property, as of June 30, 2000 or December 31, 1999.

                  The  allowance  for  loan  losses  is  established  through  a
         provision  for  loan  losses  charged  to  expense.  The  level  of the
         allowance is based on  management's  and the Company Board of Directors
         Loan  Committee's  ongoing  review and evaluation of the loan portfolio
         and  general  economic  conditions  on a monthly  basis and by the full
         Board of  Directors  on a  quarterly  basis.  Management's  review  and
         evaluation  of the allowance for loan losses is based on an analysis of
         historical trends,  significant problem loans,  current market value of
         real  estate or  collateral  and  certain  economic  and other  factors
         affecting  loans and real estate or  collateral  securing  these loans.
         Loans are charged  off when,  in the  opinion of  management,  they are
         deemed to be  uncollectible.  Recognized losses are charged against the
         allowance and subsequent  recoveries are added to the allowance.  While
         management  uses the best  information  available to make  evaluations,
         future  adjustments  to the  allowance  may be  necessary  if  economic
         conditions differ substantially from the assumptions used in making the
         evaluation.  The  allowance  for loan losses is reviewed  internally by
         personnel  independent  of  the  loan  department.   In  addition,  the
         allowance  is  subject to  periodic  evaluation  by various  regulatory
         authorities  and may be subject to  adjustment  based upon  information
         that is available to them at the time of their examination.

                  The  provision  for loan losses was $207,000 for the first six
         months of 2000.  The  provision for losses on loans is  established  to
         provide  for losses  inherent  in the  Bank's  portfolio  and  reflects
         management's evaluation of the risk in the loan portfolio.

         Securities Available for Sale
                  Securities  (all  classified as available for sale)  increased
         from $4,389,787 at December 31, 1999 to $6,196,626 at June 30, 2000. At
         June 30, 1999 securities totaled $4,838,248.

         Deposits and Borrowed Funds
                  Total deposits averaged $42,797,649 in the first six months of
         2000, an increase of $37,575,099  from the comparable 1999 average.  As
         of June  30,  2000,  total  deposits  were  $48,215,570,  and  included
         $44,935,706  of  interest  bearing  deposits.  This  compares  to total
         deposits of $37,130,321 at December 31, 1999 which included $34,252,454
         of interest  bearing  deposits.  Total deposits at June 30, 1999,  were
         $13,877,201, and interest bearing deposits were $12,606,406.

                  The Bank had $1,423,631 of deposits secured by securities sold
         under agreements to repurchase as of June 30, 2000. These  obligations,
         which  mature in one  business  day,  are swept  daily from  customers'
         demand deposit accounts.  The balance averaged $1,126,920 for the first
         six months of 2000.

                  The Bank had federal funds  purchased of $1,000,000 as well as
         $1,000,000 of reverse repurchase security agreements with correspondent
         banks as of June 30, 2000.

         Capital Resources and Liquidity
                  The Board of  Governors  of the  Federal  Reserve  System  has
         adopted risk based  capital and leverage  ratio  requirements  for bank
         holding  companies.  The table below sets forth the  Company's  capital
         ratios as of June 30, 2000,  December  31, 1999 and June 30, 1999;  the
         regulatory  minimum capital ratios;  and the regulatory minimum capital
         ratios for well-capitalized companies:
<TABLE>
<CAPTION>

                                 June 30,   December 31,  June 30,
                                   2000        1999         1999
                                  -----        -----       -----

<S>                                <C>         <C>        <C>
Tier 1 risk based ...........      13.39%      18.82%     39.77%
     Regulatory minimum .....       4.00        4.00       4.00
     Well-capitalized minimum       6.00        6.00       6.00
Total risk based ............      14.57%      19.91%     40.45%
     Regulatory minimum .....       8.00        8.00       8.00
     Well-capitalized minimum      10.00       10.00      10.00
Leverage ....................      11.24%      15.00%     33.45%
     Regulatory minimum .....       3.00        3.00       3.00
     Well-capitalized minimum       5.00        5.00       5.00
</TABLE>


                  The decrease in capital levels is due in part to the growth in
         the Company's  total assets,  which  increases the  denominator  in the
         capital calculation formula. In addition, net operating losses decrease
         capital levels, and hence also serve to decrease the capital ratios.

                  Liquidity  is  the  measure  of the  Bank's  ability  to  fund
         customer's needs for borrowings and deposit  withdrawals.  In the first
         six months of 2000,  the Company's  principal  source of funds has been
         the acquisition of customers'  deposits,  repayment of loans, and other
         funds  from  bank  operations.  In the same  six  months  of 1999,  the
         principal  source of liquidity was the proceeds from the initial public
         offering in the February 1999.



         Forward-Looking Statements

                  This  report  contains  certain  forward-looking   statements,
         either expressed or implied, which are provided to assist the reader in
         making   judgments  about  the  Company's   possible  future  financial
         performance.   Such   statements  are  subject  to  certain  risks  and
         uncertainties,   including  without   limitation  changes  in  economic
         conditions  in the  Company's  market  area,  changes  in  policies  by
         regulatory  agencies,  fluctuations in interest rates, demand for loans
         in  the  Company's  market  area,  competition,  and  those  risks  and
         uncertainities  discussed  under  the  heading  "Risk  Factors"  in the
         Company's  Registration  Statement  on Form  SB-2  as  filed  with  the
         Securities  and  Exchange  Commission.  The factors  listed above could
         affect  the  Company's  financial   performance  and  could  cause  the
         Company's  actual results for future periods to differ  materially from
         any opinions or statements  expressed or implied with respect to future
         periods in any current statements.




<PAGE>


                           Part II - Other Information

Item 4. Submission of Matters to a Vote of Security Holders
         The Annual  Meeting of  Shareholders  was held on April 27,  2000.  The
following  Board of Directors  were elected to the terms as listed with the vote
totals as shown:
<TABLE>

One-Year Terms Ending in 2001
<CAPTION>
                                                                Votes       Votes
                                                 Votes for     abstained    against
                                                 ---------     ----------   -------

<S>                                                 <C>           <C>     <C>
Billy J. Bell ...............................       608,628       0            0
James H. Lucas ..............................       608,628       0            0
Joe B. Natcher, Jr ..........................       598,628       0       10,000


Two-Year Terms Ending in 2002

Barry D. Bray ...............................       608,628       0            0
Tommy W. Cole ...............................       608,628       0            0
John T. Perkins .............................       609,078       0            0

Three-Year Terms Ending in 2003

Jerry E. Baker ..............................       609,078       0            0
Mary D. Cohron ..............................       608,628       0            0
Floyd H. Ellis ..............................       597,278       0       11,350
</TABLE>

       The shareholders  voted to amend the Company's  Articles of Incorporation
in the form of an amended Article VII. The amended Article VII provides that the
Company's  Board of Directors  will be classified  into three  classes,  each of
which  would serve  three year  terms.  Total votes for the amended  Articles of
Incorporation  were  622,478  votes to approve  the  amendment  and 150 votes to
abstain.

      The  shareholders  cast 563,581 votes to ratify the  appointment of Baird,
Kurtz & Dobson as the Company's  independent public accountants for 2000. 30,897
votes were cast against this proposal and 14,150 votes were abstained.

There were no broker nonvotes on any of the item voted on at the Annual Meeting.

Item 6. Exhibits and Reports on Form 8-K
        (a) Exhibits
               The exhibits  listed on the Exhibit Index of this Form 10-QSB are
           filed as a part of this report.

       (b) Reports on Form 8-K
         An 8-K was filed on April 27, 2000  announcing the  appointment of Bill
       Wright as the  Corporation's  Chief Financial  Officer  effective May 15,
       2000. Gregg Hall, the former Chief Financial Officer,  resigned effective
       June 16, 2000.








<PAGE>


                                   SIGNATURES


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


                           CITIZENS FIRST CORPORATION



Date:    August 14, 2000                             /s/ Mary D. Cohron
                                                     ------------------

                                           President and Chief Executive Officer
                                               (Principal Executive Officer)



         August 14, 2000                             /s/ Bill D. Wright
                                                     ------------------
                                                     Bill D. Wright
                                     Vice-President and Chief Financial Officer
                                    (Principal Financial and Accounting Officer)



<PAGE>

Exhibits

   3.1  Articles of Restatement and Amendment to Articles of Incorporation of
        Bowling Green Investors, Ltd. (now Citizens First Corporation)
        (incorporated by reference to Exhibit 3.1 of the corporation's
        Registration Statement on Form SB-2 [No. 333-67435]).

   3.3  Articles of  Amendment  to  Articles of  Restatement  and  Amendment  to
        Articles of Incorporation of Citizens First Corporation (incorporated by
        reference to Exhibit 3.3 of the corporation's  Registration Statement on
        Form SB-2 [No. 333-67435]).

   3.4  Articles of Amendment to Restated Articles of Incorporation of
        Citizens First Corporation.(Included as Exhibit 4.1)

   4    Articles of Restatement and Amendment to Articles of Incorporation of
        Bowling Green Investors, Ltd.(now Citizens First Corporation)
        (incorporated by reference to Exhibit 4 of
        the corporation's Registration Statement on Form SB-2 [No. 333-67435]).

  4.1   Articles of Amendment to Restated Articles of Incorporation of
        Citizens First Corporation.

10.16Employment Agreement between Citizens First Corporation and Bill D. Wright
         (incorporated by reference to Exhibit 10 of the Corporation's
         Form 8-K dated April 27,2000).

  11   Statement re: Computation of per share earnings.

  27   Financial Data Schedule for the quarter ended June 30, 2000
        (for SEC use only).