SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q
(Mark One)

|X|  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1998

                                       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 NO. 333-69239


                              FloridaFirst Bancorp
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    United States                                          59-3545582      
--------------------------------------------------------------------------------
(State of incorporation                                (I.R.S. Employer
 or organization)                                     Identification No.)


205 East Orange Street, Lakeland, Florida                   33801-4611
--------------------------------------------------------------------------------
(Address of Principal executive offices)                    (zip code)


                                 (941) 688-6811
--------------------------------------------------------------------------------
               Registrant's telephone number, including area code

Indicate by check mark whether  Registrant (a) 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  report(s))  and (b) has  been  subject  to such  filing
requirements for at least 90 days.

                             YES      X       NO            
                                 -----------     ----------

     Number of shares of Common Stock outstanding as of December 31, 1998: 0

As of December  31,  1998,  the  Registrant  had not yet been  capitalized.  The
Registrant  therefore  is filing  this Form  10-Q  with the  reduced  disclosure
format.




<PAGE>



                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements
         --------------------

         See Exhibit 99 attached hereto.

Item 2.  Management's Discussion and Analysis
         ------------------------------------

         As of December 31, 1998, the Registrant had not yet begun operations or
had no assets or liabilities.

                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings
         -----------------

         Not applicable.

Items 2-5.

         Not applicable.

Item 6.  Exhibits and Reports on Form 8-K
         --------------------------------

     (a)  Exhibits

     No.  Exhibit
     ---  -------

     2    Plan of Mutual Holding Company Reorganization and Stock Issuance*

     3(i) Charter of FloridaFirst Bancorp*

     3(ii) Bylaws of FloridaFirst Bancorp*

     4    Specimen Stock Certificate of FloridaFirst Bancorp*

     10.1 Employment Agreement with Gregory C. Wilkes*

     10.2 Form of Employment Agreement*

     27   Financial Data Schedule (Not  applicable - Registrant has conducted no
          activities)

     99   Financial Statements

     (b)  Reports on Form 8-K

                           None

-------------------------

*    Such exhibits were previously  filed with the Commission as exhibits to the
     Registrant's  Registration  Statement on Form S-1, File No. 333-69239,  and
     are hereby  incorporated by reference  pursuant to Rule 12b-32  promulgated
     under the Securities  Exchange Act of 1934, as amended,  and Rule 24 of the
     Commission's Rules of Practice.


<PAGE>





         Pursuant to the  Requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                           FloridaFirst Bancorp



Date:    March 24, 1999                By: /s/ Gregory C. Wilkes              
                                           -------------------------------------
                                           Gregory C. Wilkes
                                           President and Chief Executive Officer



Date:    March 24, 1999                By: /s/ Kerry P. Charlet                
                                           -------------------------------------
                                           Kerry Charlet
                                           Chief Financial Officer 


<PAGE>





         Pursuant to the  Requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




                                           FloridaFirst Bancorp



Date:    March 24, 1999                By: /s/ Gregory C. Wilkes     
                                           -------------------------------------
                                           Gregory C. Wilkes
                                           President and Chief Executive Officer



Date:    March 24, 1999                By: /s/ Kerry P. Charlet                
                                           -------------------------------------
                                           Kerry Charlet
                                           Chief Financial Officer