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 September 30, 1999

___      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
Incorporaton or Organization)                              Identification No.)

                1805 Campbell Lane, Bowling Green, Kentucky 42104
                    (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 ____ No X


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 November 10, 1999

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 (Unaudited)                   3-8

         ITEM 2. Management's Discussion and Analysis or
                  Plan of Operation                                 9-12

PART II.  OTHER INFORMATION

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

















<PAGE>


                         Part I - Financial Information


Item 1. Financial Statements

Consolidated Balance Sheets
(Unaudited)
<TABLE>

<CAPTION>
                                                                  September 30,   December 31,
                                                                      1999            1998
Assets

<S>                                                              <C>             <C>
Cash and due from banks ......................................   $  1,028,255    $    16,817
Interest-bearing deposits with banks .........................          8,766           --
Federal funds sold ...........................................      2,900,000           --
Securities available for sale (amortized cost of $4,565,485 as
of September 30, 1999;$230,585 as of December 31, 1998)             4,956,621      1,490,332
Loans, net of unearned income ................................     19,846,267           --
Less allowance for loan losses ...............................        242,500           --
                                                                  -----------    -----------
Net loans ....................................................     19,603,767           --
Premises and equipment, net ..................................      1,660,846      1,088,235
Accrued interest receivable ..................................        187,375           --
Other assets .................................................        156,553         94,022
                                                                  -----------    -----------
Total assets .................................................   $ 30,502,183    $ 2,689,406
                                                                 ============    ===========


Liabilities and Shareholders' Equity
Deposits:
Non-interest bearing .........................................   $  1,726,043          $--
Interest bearing .............................................     20,131,670           --
                                                                 ------------    -----------
Total deposits ...............................................     21,857,713           --
Other short-term borrowings ..................................      1,114,532        995,000
Accrued interest payable .....................................         75,639         13,545
Other liabilities ............................................        272,972        955,819
                                                                 ------------     ----------
Total liabilities ............................................     23,320,856      1,964,364
Shareholders' equity:
Preferred stock, no par value. Authorized 500 shares .........           --             --
Common stock, no par value. Authorized 1,000,000 shares;
issued and outstanding
643,053 and 106,386, respectively ............................      7,357,477         20,542
Accumulated deficit ..........................................       (434,300)      (126,933)
Accumulated other comprehensive income .......................        258,150        831,433
                                                                   -----------   -----------

Total shareholders' equity ...................................      7,181,327        725,042
                                                                   ----------    -----------

Total liabilities
and shareholders' equity .....................................   $ 30,502,183    $ 2,689,406
                                                                  ===========     ==========
See accompanying notes to consolidated financial statements.

</TABLE>


<PAGE>



Consolidated Statements of Income
(Unaudited)
                                                                   1998
For the three months ended September 30              1999        Restated
                                                    -----        --------

Interest income
Loans, including fees .........................   $ 367,712        $--
Federal funds sold ............................      35,355         --
Securities available for sale .................      57,178        2,595
Interest-bearing deposits with banks ..........         529         --
                                                    -------    ---------
Total interest income .........................     460,774        2,595
Interest expense
Deposits ......................................     173,344         --
Other short-term borrowings ...................       7,165         --
                                                    -------    ---------
Total interest expense ........................     180,509         --
                                                    -------    ---------
Net interest income ...........................     280,265        2,595
Provision for loan losses .....................     120,000         --
Net interest income after
provision for loan losses .....................     160,265        2,595
Non-interest income
Service charges on deposit accounts ...........      17,794         --
Gains on sales of securities available for sale        --           --
Other .........................................      16,929         --
                                                    -------    ---------
Total non-interest income .....................      34,723         --
Non-interest expenses
Compensation and benefits .....................     305,214       37,796
Net occupancy expense .........................      40,495          830
Furniture and equipment expense ...............      53,168         --
Professional fees .............................      38,567      114,910
Postage, printing & supplies ..................      15,608        1,017
License fees ..................................        --          7,500
Franchise taxes ...............................      25,132         --
Processing fees ...............................      25,304         --
Advertising ...................................       9,760         --
Other .........................................      37,704          438
                                                  ---------    ---------
Total non-interest expenses ...................     550,952      162,491
                                                  ---------    ---------
Income (loss) before income taxes .............    (355,964)    (159,896)
Income tax expense ............................        --           --
                                                  ---------    ---------
Net income (loss) .............................   $(355,964)   $(159,896)
                                                  =========    ==========

Basic earnings (loss) per share ...............   $   (0.55)   $   (1.50)
Diluted earnings (loss) per share .............   $   (0.55)   $   (1.50)

See accompanying notes to consolidated financial statements.




<PAGE>



Consolidated Statements of Income
(Unaudited)
                                                                     1998
For the nine months ended September 30                  1999       Restated
                                                       -----       --------

Interest income
Loans, including fees .........................   $   545,787        $--
Federal funds sold ............................       101,002         --
Securities available for sale .................       111,291       10,413
Interest-bearing deposits with banks ..........         6,601         --
                                                      -------     ---------
Total interest income .........................       764,681       10,413
Interest expense
Deposits ......................................       253,194         --
Other short-term borrowings ...................        19,383         --
                                                      -------    ---------
Total interest expense ........................       272,577         --
                                                      -------    ---------
Net interest income ...........................       492,104       10,413
Provision for loan losses .....................       242,500         --
Net interest income after
provision for loan losses .....................       249,604       10,413
Non-interest income
Service charges on deposit accounts ...........        26,366         --
Gains on sales of securities available for sale       889,245         --
Other .........................................        53,053         --
                                                      -------     ---------
Total non-interest income .....................       968,664         --
Non-interest expenses
Compensation and benefits .....................       838,400       37,796
Net occupancy expense .........................       109,710          830
Furniture and equipment expense ...............       136,655         --
Professional fees .............................        86,863      115,330
Postage, printing & supplies ..................        62,195        1,017
Licensing fees ................................          --          7,500
Franchise taxes ...............................        59,507         --
Processing fees ...............................        58,395         --
Advertising ...................................        64,054         --
Other .........................................       109,857          517
                                                    ---------     ---------
Total non-interest expenses ...................     1,525,636      162,990
                                                    ---------     ---------
Income (loss) before income taxes .............      (307,368)    (152,577)
Income tax expense ............................          --           --
                                                    ---------     ---------
Net income(loss) ..............................   $  (307,368)   $(152,577)
                                                   ===========    =========

Basic earnings (loss) per share ...............   $     (0.56)   $   (1.43)
Diluted earnings (loss) per share .............   $     (0.56)   $   (1.43)

See accompanying notes to consolidated financial statements.




<PAGE>



Consolidated Statements of Changes in Shareholders' Equity
 (Unaudited)
                                                                    1998
 For the nine months ended September 30               1999        Restated
                                                     -----        --------

Balance January 1 ............................   $   725,042    $ 887,586
  Net income (loss) ..........................      (307,368)    (152,577)

  Other comprehensive income (loss) net of tax      (573,282)     138,079
  Issuance of common stock                         7,336,935         --
                                                   ---------     ---------
Balance at end of period .....................   $ 7,181,327    $ 873,088
                                                   =========     =========

 See accompanying notes to consolidated financial statements.



Consolidated Statements of Comprehensive Income
 (Unaudited)
                                                                         1998
 For the nine months ended September 30                     1999      Restated
                                                            ----      --------



Net income (loss) ....................................   $(307,368)   $(152,577)
                                                          --------    ---------
   Other comprehensive income (loss), net of tax:
       Unrealized holding gains on available for sale
           securities arising during the period ......      13,619      138,079
       Reclassification adjustments for gains
          on securities included in net income .......    (586,901)           -
                                                          --------    ---------

   Total other comprehensive income (loss), net of tax    (573,282)     138,079

                                                          --------    ---------
   Comprehensive income (loss) .......................   $(880,650)   $ (14,498)
                                                          =========    =========


 See accompanying notes to consolidated financial statements.



<PAGE>


<TABLE>

Consolidated Statements of Cash Flows
(Unaudited)
For the nine months ended September 30
<CAPTION>
                                                                                1998
                                                                  1999        Restated
                                                                  ----        --------

Cash flows from operating activities:
<S>                                                         <C>             <C>
Net income (loss) .......................................   $   (307,368)   $(152,577)
Adjustments to reconcile net income to cash
provided by operating activities:
Provision for loan losses ...............................        242,500         --
Gain on sale of securities available for sale ...........       (889,245)        --
Depreciation and amortization ...........................        158,521         --
Increase in accrued interest receivable .................       (187,375)        --
Increase in other assets ................................        (93,188)     (14,200)
Increase in accrued interest payable ....................         62,094         --
Increase(decrease)in other liabilities ..................       (387,518)     133,550
                                                              ----------     ---------
Net cash used in operating activities ...................     (1,401,579)     (33,227)
                                                              ----------     ---------

Cash flows from investing activities:
Net increase in interest-bearing deposits with banks ....         (8,766)        --
Net increase in federal funds sold ......................     (2,900,000)        --
Proceeds from sale of securities available for sale .....        971,596         --
Proceeds from maturities of securities available for sale        969,463         --
Purchases of securities available for sale ..............     (5,389,819)     (38,277)
Net increase in loans ...................................    (19,846,267)        --
Purchases of premises and equipment .....................       (697,370)      (6,032)
                                                             -----------     ---------
Net cash used in investing activities ...................    (26,901,163)     (44,309)
                                                             -----------     ---------

Cash flows from financing activities:
Net increase in deposits ................................     21,857,713         --
Increase in short-term borrowings .......................        119,532         --
Proceeds from issuance of common stock ..................      7,336,935         --
                                                              ----------    ---------
Net cash provided by financing activities ...............     29,314,180         --
                                                              ----------    ---------
Net increase (decrease ) in cash and cash equivalents ...      1,011,438      (77,536)
Cash and cash equivalents at beginning of year ..........         16,817      108,484
                                                               ---------    ---------
Cash and cash equivalents at end of period ..............   $  1,028,255    $  30,948
                                                               =========     =========


See accompanying notes to consolidated financial statements.
</TABLE>



<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 wholly-owned  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 the Company
         and the Bank. 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 are 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  an 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 the
         sale of 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 September 30, 1999.

         (4) Restatement of September 30, 1998 Financial Statements
               The Company included unaudited financial statements as of and for
         the period  ended  September  30, 1998 in its Initial  Public  Offering
         Prospectus dated February 11, 1999. These financial statements included
         expenses of $12,000 that were  reclassified  as costs of capital  after
         the initial  public  offering of the Company's  stock was  successfully
         completed.  The  financial  statements  as of and for the period  ended
         September 30, 1998,  have been  retroactively  restated for the change,
         which resulted in a decrease of the net loss for that period of $12,000
         from the originally  reported loss of $164,577 to a restated  amount of
         $152,577.


<PAGE>



         Item 2. Management's Discussion and Analysis or Plan of Operation

         General

                  Citizens First  Corporation  ("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  wholly-owned  subsidiary,  Citizens First Bank,  Inc.
         (the  "Bank").  On February  17, 1999 the Company  completed an 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.  Because the
         Company  historically  operated as an investment company,  there are no
         comparable revenues from operations in prior fiscal years.

                  The Company,  through the Bank, is now involved in the banking
         business.  This process includes attracting deposits and converting the
         deposits into loans and  investments.  The Company's cash  requirements
         are  expected  to be  met  by  the  anticipated  growth  of  customers'
         deposits,  and through the sale of  investment  securities.  Other than
         these two 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 had been  purchased by March 31,
         1999, and no additional  significant purchases or sales of property and
         equipment  are  planned in the near  future.  The Company and Bank were
         fully  staffed  by March  31,1999,  and no  significant  changes in the
         number of employees are planned for the remainder of 1999.

                  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

                  The Company  reported a net loss of  $(355,964) or $(0.55) per
         common  share,  on a diluted  basis,  for the third quarter of 1999, as
         compared to a net loss of $(159,896),  or $(1.50) per common share on a
         diluted basis for the third quarter 1998.

                  Net loss for the nine  months  ended  September  30,1999,  was
         $(307,368),  or $(0.56) per diluted common share, down from $(152,577),
         or $(1.43) per diluted  common share for the same period last year. The
         net  loss  for the nine  months  ended  September  30,  1999,  includes
         $889,245 from the gain on the sale of investment securities.  Excluding
         this  gain,  the net loss from  operations  for the nine  months  ended
         September 30, 1999, would have been $(1,196,613) or $(2.18) per diluted
         common share. Return on equity was (4.70%) for the first nine months of
         the year and return on assets was  (1.82%).  Excluding  the gain on the
         sale of  investment  securities,  return  on  equity  would  have  been
         (18.28%) and return on assets would have been (7.07%).

         Net Interest Income

                  Net interest income was $280,265 in the third quarter of 1999,
         an increase of $103,082  over the second  quarter of 1999 and  $277,670
         over the same period last year.  Interest  income of $460,774  includes
         $367,712  in  income  on loans and  $93,062  in  income  on  investment
         securities,  federal  funds sold,  and  interest-bearing  deposits with
         banks.  Interest expense of $180,509 consists  primarily of interest on
         deposits.

                  Net  interest  income was  $492,104  for the nine months ended
         September  30,1999,  an increase of $481,691  over the same period last
         year. The net interest margin was 4.78% during the first nine months of
         1999.  Interest income of $764,681 includes $545,787 in income on loans
         and $218,894 in income on investment securities, federal funds sold and
         interest-bearing  deposits  with  banks.  Interest  expense of $272,577
         includes  interest on deposits of $253,194 and $7,490 of interest  paid
         on  repurchase  agreements,  as well as  $11,893  of  interest  paid on
         short-term   borrowings   that  were   needed  to  finance  the  Bank's
         pre-opening  expenses and  purchases of property and  equipment.  These
         borrowings were repaid at the time the Bank was capitalized.


         Non-interest Income

                  Non-interest  income was  $34,723  and  $968,664  in the third
         quarter  and first nine  months of 1999,  respectively.  The first nine
         months of 1999 included a gain on the sale of investment  securities of
         $889,245.  There was no  non-interest  income  earned  during 1998.  At
         December  31,  1998,  the  investment  securities  owned by the Company
         included  concentrations  in the  stocks  of  certain  publicly  traded
         companies, which concentration (and the Company's related exposure) has
         been reduced through the partial sale of these securities.

         Non-interest expense

                  Non-interest  expense was $550,952 and $1,525,636 in the third
         quarter and first nine months of 1999,  respectively.  Compensation and
         benefits  totaled  $305,214 and $838,400 in the third quarter and first
         nine months of 1999, respectively.

         Income Taxes

                  Income tax expense has been calculated  based on the Company's
         expected annual rate for 1999.  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 September 30, 1999, were $30,502,183,  up from
         $2,689,406 at December 31, 1998. Earning assets totaled $27,711,654, up
         from  $1,490,332  at  December  31,  1998.  The  increase  in assets is
         primarily due to the Company's  transition from an investment club to a
         bank  holding  company  and  the  subsequent   purchase  of  investment
         securities and origination of loans.

         Loans

                  The loan portfolio totaled  $19,846,267 at September 30, 1999.
         The funding for this loan growth came from the  proceeds of the capital
         raised by the initial public offering, and from customers' deposits. At
         September 30, 1999 real estate loans were $9,995,215;  commercial loans
         were $6,813,382; and consumer loans were $3,037,670.

         Allowance for Loan Losses

                  The provision for loan losses was $242,500 for the nine months
         ended September 30,1999.  No loans have been charged off since the Bank
         began  operation on February 18, 1999.  Impaired loans at September 30,
         1999  include  $14,635  of loans that have been  placed on  non-accrual
         status. The provision for losses on loans is established to provide for
         losses and  reflects  management's  evaluation  of the risk in the loan
         portfolio.

         Securities

                  Total  securities  owned by the  Company  were  $4,956,621  at
         September  30, 1999,  up from  $1,490,332  at December  31,  1998.  All
         securities are classified as available for sale. The Bank owns treasury
         and government  agency  securities valued at $3,837,916 and the Company
         owns $648,733 of corporate equity  securities which it purchased at the
         time it was an investment club, as well as $469,972 of corporate notes.
         The corporate equity securities will be liquidated as needed to provide
         additional  capital  to be  contributed  to the Bank,  and to cover the
         Company's cash needs in lieu of receiving dividends from the Bank.



         Deposits and Funding Sources

                  Total  deposits  at  September  30,  1999  were   $21,857,713.
         Interest bearing deposits were  $20,131,670,  or 92% of total deposits.
         Short-term  borrowings  were  $1,114,532  at  September  30,  1999,  as
         compared  to  $995,000 at  December  31,1998.  The  current  balance is
         comprised of securities sold under an agreement to repurchase,  and the
         December 31, 1998 balance  represents  short-term  borrowings that were
         used  to pay  pre-opening  expenses  incurred  prior  to the  Company's
         initial public offering.

         Capital Resources and Liquidity

                  The Bank was capitalized  through a capital  contribution from
         the Company of $7,600,000.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 September 30, 1999; the regulatory minimum capital
         ratios; and the regulatory minimum capital ratios for  well-capitalized
         bank holding companies:



                                                            September 30,
                                                                1999

         Tier 1 risk based ...........                        22.89%
              Regulatory minimum .....                         4.00%
              Well-capitalized minimum                         6.00%
         Total risk based ............                        24.12%
              Regulatory minimum .....                         8.00%
              Well-capitalized minimum                        10.00%
         Leverage ....................                        23.30%
              Regulatory minimum .....                         3.00%
              Well-capitalized minimum                         5.00%



                  Liquidity  is  the  measure  of the  Bank's  ability  to  fund
         customers' needs for borrowings and deposit withdrawals. In early 1999,
         the  Company's  principal  sources of funds were the proceeds  from the
         initial public  offering.  The principal  sources going forward will be
         the  deposits,  repayment  of loans,  and funds  from Bank  operations.
         During the first nine months of 1998, the Company was not active in the
         banking  business,  and the only  source  of funds  were the  dividends
         received on investment securities.



         Year 2000 and the Company's State of Readiness

                  The  Company  may  be  exposed  to  potential  future  losses,
         including those which may result from  litigation,  due to the business
         interruption  or  errors  which  could  result  if any of its  computer
         systems are not capable of recognizing dates beginning in January 2000,
         or misreading the dates as January 1900. The Company has been proactive
         in addressing the  consequences  which the change to the new millennium
         could have on computers and other  operations.  Because the majority of
         its systems and operations  were not in place until late 1998 and early
         1999,  the Company was able to evaluate  the Year 2000 status of all of
         its systems prior to their actual  purchase.  The Company has completed
         the testing phase of its Year 2000 program,  and has determined that it
         is fully Year 2000  compliant  for all mission  critical  applications.
         Because the successful efforts of third parties cannot be assumed,  the
         Company  has  developed  and  tested a  contingency  plan for  handling
         problems  that could  occur as the result of a Year 2000  problem.  The
         Bank also has Year 2000 business risk from its customers,  and includes
         Year 2000 compliance in its credit decision process.




         Forward-Looking Statements

                  This report contains certain forward-looking statements either
         expressed or implied, which are provided to assist the reader in making
         judgements 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,  the  adequacy of the  Company's  allowance  for losses on
         loans,  competition and unexpected  contingencies relating to Year 2000
         compliance  that could cause actual results to differ  materially  from
         historical earnings and those presently anticipated or projected. These
         factors  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  herein  with
         respect to future periods.


<PAGE>



                           Part II- Other Information

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

         Date of Current Report                          Subject

         September 2, 1999                   Dismissal of independent accountant

         September 2, 1999 (Amendment)       Dismissal of independent accountant



<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:  November 10, 1999                                 /s/ Mary D. Cohron
                                                         ------------------
                                                             Mary D.Cohron
                                                           President and
                                                        Chief Executive Officer
                                                   (Principal Executive Officer)


Date:  November 10, 1999                                 /s/ Gregg A. Hall
                                                         -----------------
                                                             Gregg A. Hall
                                                          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 Company's  Registration
        Statement on Form SB-2 [No. 333-67435]).

   3.2  Amended and Restated Bylaws of Citizens First Corporation  (incorporated
        by reference to Exhibit 3.2 of the Company'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 Company's Registration Statement on Form
        SB-2 [No. 333-67435]).

   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  Company's  Registration
        Statement on Form SB-2 [No. 333-67435]).

10.1    Employment  Agreement  between  Citizens First  Corporation  and Mary D.
        Cohron  (incorporated  by  reference  to Exhibit  10.1 of the  Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

10.2    First  Amendment  to  Employment   Agreement   between   Citizens  First
        Corporation and Mary D.Cohron (incorporated by reference to Exhibit 10.2
        of the Company's Registration Statement on Form SB-2 [No. 333-67435]).

10.3    Employment  Agreement  between  Citizens First  Corporation  and John T.
        Perkins  (incorporated  by reference  to Exhibit  10.3 of the  Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

10.4    Employment  Agreement  between  Citizens First  Corporation and Gregg A.
        Hall  (incorporated  by  reference  to  Exhibit  10.4  of the  Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

10.5    Bank Contract for Electronic Data Processing  Services and  Customerfile
        System   between   Fiserv   Bowling   Green  and  Citizens   First  Bank
        (incorporated by reference to Exhibit 10.5 of the Company's Registration
        Statement on Form SB-2 [No. 333-67435]).

10.6    Promissory Note secured by Real Estate  Mortgage and Security  Agreement
        and Stock Pledge  (issued by Citizens First  Corporation  for benefit of
        First Security Bank of  Lexington)(incorporated  by reference to Exhibit
        10.6  of  the  Company's   Registration  Statement  on  Form  SB-2  [No.
        333-67435]).

10.7    Deed of  Conveyance  from David A. and Karla N. Dozer to Citizens  First
        Corporation  (incorporated by reference to Exhibit 10.7 of the Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

10.8    Security  Agreement and Stock Pledge between Citizens First  Corporation
        and First  Security  Bank of  Lexington  (incorporated  by  reference to
        Exhibit 10.8 of the Company's  Registration  Statement on Form SB-2 [No.
        333-67435]).

  10.9  Mortgage  from  Citizens  First  Corporation  to First  Security Bank of
        Lexington  (incorporated  by reference to Exhibit 10.9 of the  Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

 10.10  Commercial  Line of Credit  Agreement  and Note between  Citizens  First
        Corporation  and  First  Security  Bank of  Lexington  (incorporated  by
        reference to Exhibit  10.10 of the Company's  Registration  Statement on
        Form SB-2 [No. 333-67435]).

 10.11  Assignment  of  Securities   Account  by  Citizens   First   Corporation
        (incorporated   by   reference  to  Exhibit   10.11  of  the   Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

 10.12  Employment  Agreement  between  Citizens First  Corporation and Barry D.
        Bray  (incorporated  by  reference  to  Exhibit  10.12 of the  Company's
        Registration Statement on Form SB-2 [No. 333-67435]).

 10.13  Consulting   Agreement   between  Citizens  First  Corporation  and  The
        Carpenter  Group  (incorporated  by  reference  to Exhibit  10.13 of the
        Company's Registration Statement on Form SB-2 [No. 333-67435]).

 10.14  Lease Agreement between Citizens First Corporation and Midtown Plaza,
        Inc. (incorporated by reference to Exhibit 10.14 of the
        Company's Registration Statement on Form SB-2 [No. 333-67435]).

 10.15  First Amendment to Employment Agreement between Citizens First
           Corporation and Barry D. Bray

   11   Statement re: Computation of per share earnings

   27   Financial Data Schedule for the quarter ended September 30, 1999
        (for SEC use only)