U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
(Mark One)

 X   Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
---- of 1934


For the quarterly period ended June 30, 2000

     Transition report under Section 13 or 15(d) of the Exchange Act
----

For the transition period from           to
                               ---------    ----------

Commission file number 001-14853
                       ---------


                           JACKSONVILLE BANCORP, INC.
                           --------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

        Florida                                               59-3472981
-------------------------                                    --------------
(State or Other Jurisdiction                               (I.R.S. Employer
of Incorporation or Organization)                          Identification No.)

                        76 South Laura Street, Suite 104
                           Jacksonville, Florida 32202
                    (Address of Principal Executive Offices)

                                 (904) 421-3040
                (Issuer's Telephone Number, Including Area Code)


         (Former Name, Former Address and Former Fiscal Year, if Changed
                               Since Last Report)

   Check  whether  the  issuer:  (1) filed all  reports  required to be filed by
Section  12, 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:


Common stock, par value $.01 per share                    1,017,066 shares
--------------------------------------             -----------------------------
              (class)                              Outstanding at August 1, 2000

Transitional Small Business Format (check one): YES          NO    X
                                                    ----         ----


<PAGE>


                           JACKSONVILLE BANCORP, INC.

                                      INDEX


PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements                                            Page

     Condensed Consolidated Balance Sheets -
       At June 30, 2000 (unaudited) and At December 31, 1999..................2

     Condensed Consolidated Statements of Operations (Unaudited) -
       Three and Six Months ended June 30, 2000 and 1999......................3

     Condensed Consolidated Statement of Changes in Stockholders'
       Equity (Unaudited) - Six Months ended June 30, 2000....................4

     Condensed Consolidated Statements of Cash Flows (Unaudited) -
       Six Months ended June 30, 2000 and 1999................................5

     Notes to Condensed Consolidated Financial Statements (Unaudited).......6-7

     Review by Independent Certified Public Accountants.......................8

     Report on Review by Independent Certified Public Accountants.............9

   Item 2. Management's Discussion and Analysis of Financial Condition
     and Results of Operations............................................10-11

   Item 3. Quantitative and Qualitative Disclosure about Market Risk.........12

PART II. OTHER INFORMATION

   Item 4.  Submissions of Matters to a Vote of Security Holders..........13-14

   Item 6.  Exhibits and Reports on Form 8-K.................................14

SIGNATURES...................................................................15


                                       1
<PAGE>
<TABLE>


                           JACKSONVILLE BANCORP, INC.

                          PART I. FINANCIAL INFORMATION

                          Item 1. Financial Statements

                      Condensed Consolidated Balance Sheets

                                                                                        June 30,           December 31,
    Assets                                                                               2000                  1999
                                                                                         ----                  ----
                                                                                        (Unaudited)

<S>                                                                                    <C>                   <C>
Cash and due from banks...........................................................     $  3,339,139          1,446,648
Federal funds sold  ..............................................................          879,000             32,000
                                                                                         ----------         ----------

            Cash and cash equivalents.............................................        4,218,139          1,478,648

Securities available for sale.....................................................        1,952,856          1,955,221
Securities held to maturity.......................................................           50,000             50,000
Loans, net of allowance for loan losses of $169,083 in 2000 and
    $80,485 in 1999...............................................................       16,772,367          7,967,853
Accrued interest receivable.......................................................          121,192            104,288
Premises and equipment, net.......................................................        3,256,743          1,996,782
Federal Home Loan Bank stock, at cost.............................................           36,700               -
Deferred income taxes.............................................................        1,113,842            874,167
Other assets......................................................................          181,968            141,308
                                                                                         ----------         ----------

            Total assets..........................................................     $ 27,703,807         14,568,267
                                                                                         ==========         ==========

    Liabilities and Stockholders' Equity

Liabilities:
    Noninterest-bearing demand deposits...........................................        5,423,235          2,042,688
    Savings and NOW deposits......................................................       11,819,264            849,496
    Money-market deposits.........................................................        1,102,770          2,689,388
    Time deposits   ..............................................................        1,260,793          430,758
                                                                                         ----------         --------

            Total deposits........................................................       19,606,062          6,012,330

    Accrued interest payable and other liabilities................................          256,165            316,904
                                                                                         ----------         ----------

            Total liabilities.....................................................       19,862,227          6,329,234
                                                                                         ----------         ----------

Stockholders' equity:
    Preferred stock ..............................................................             -                  -
    Common stock    ..............................................................           10,171             10,171
    Additional paid-in capital....................................................        9,705,206          9,705,206
    Accumulated deficit...........................................................       (1,844,394)        (1,448,415)
    Accumulated other comprehensive income (loss).................................          (29,403)           (27,929)
                                                                                         ----------         ----------

            Total stockholders' equity............................................        7,841,580          8,239,033
                                                                                         ----------         ----------

            Total liabilities and stockholders' equity............................     $ 27,703,807         14,568,267
                                                                                         ==========         ==========


See Accompanying Notes to Condensed Consolidated Financial Statements.
</TABLE>

                                       2
<PAGE>
<TABLE>


                           JACKSONVILLE BANCORP, INC.

                 Condensed Consolidated Statements of Operations
                                   (Unaudited)

                                                                   Three Months Ended           Six Months Ended
                                                                     June 30,                       June 30,
                                                             -------------------------------------------------------
                                                                   2000          1999            2000           1999
                                                                   ----          ----            ----           ----
<S>                                                           <C>               <C>              <C>            <C>
Interest income:
    Loans receivable......................................    $   338,612         1,563          547,587        1,563
    Securities............................................         34,320         1,700           68,721        1,700
    Other interest-earning assets.........................         40,578        73,937           70,429       74,108
                                                                ---------       -------        ---------      -------

            Total interest income.........................        413,510        77,200          686,737       77,371
                                                                ---------       -------        ---------      -------

Interest expense:
    Deposits..............................................        149,820         1,702          247,792        1,702
    Other borrowings......................................           -           25,074               93       44,876
                                                                ---------       -------        ---------      -------

            Total interest expense........................        149,820        26,776          247,885       46,578
                                                                ---------       -------        ---------      -------

Net interest income before provision for
    loan losses...........................................        263,690        50,424          438,852       30,793
                                                                ---------       -------        ---------      -------

Provision for loan losses.................................         52,940          -              88,598         -
                                                                ---------       -------        ---------      ------

Net interest income after provision for
    loan losses...........................................        210,750        50,424          350,254       30,793
                                                                ---------       -------        ---------      -------

Noninterest income:
    Service charges on deposit accounts...................         34,532           104           68,081          104
    Other   ..............................................         12,261        22,700           25,192       22,700
                                                                ---------       -------        ---------      -------

            Total noninterest income......................         46,793        22,804           93,273       22,804
                                                                ---------       -------        ---------      -------

Noninterest expense:
    Salaries and employee benefits........................        227,186       216,658          556,301      375,954
    Occupancy expense.....................................        103,874        36,828          200,001       48,748
    Professional fees.....................................         32,073       105,008           42,962      159,810
    Data processing.......................................         22,143        10,376           62,664       10,376
    Printing and office supplies..........................         16,253         4,090           37,124        6,453
    Advertising...........................................         15,095            56           46,324           56
    Other.................................................         67,344        35,661          132,914       56,162
                                                                ---------       -------        ---------      -------

            Total noninterest expense.....................        483,968       408,677        1,078,290      657,559
                                                                ---------       -------        ---------      -------

Loss before income tax benefit............................       (226,425)     (335,449)        (634,763)    (603,962)

            Income tax benefit............................        (84,119)     (130,163)        (238,784)    (230,855)
                                                                ---------       -------        ---------      -------

Net loss..................................................    $  (142,306)     (205,286)        (395,979)    (373,107)
                                                                =========       =======        =========      =======

Loss per share, basic and diluted.........................    $      (.14)         (.48)            (.39)      (1.69)
                                                                =========       =======        =========      =======

Weighted-average number of shares outstanding
    for basic and diluted.................................      1,017,066       430,545        1,017,066      220,154
                                                                =========       =======        =========      =======

Dividends per share.......................................         -               -                -            -
                                                                =========       =======        =========      =======

See Accompanying Notes to Condensed Consolidated Financial Statements.
</TABLE>
                                       3

<PAGE>
<TABLE>


                           JACKSONVILLE BANCORP, INC.

       Condensed Consolidated Statement of Changes in Stockholders' Equity

                         Six Months Ended June 30, 2000



                                                                                                    Accumulated
                                                                                                      Other
                                                                                                      Compre-
                                                                         Additional                   hensive        Total
                              Preferred Stock          Common Stock        Paid-In     Accumulated     Income     Stockholders'
                              Shares      Amount    Shares     Amount      Capital     Deficit         (Loss)        Equity

<S>                 <C>
Balance at December 31,
  1999.....................       -    $    -      1,017,066   $ 10,171    9,705,206  (1,448,415)     (27,929)    8,239,033

Comprehensive income (loss):
  Net loss (unaudited)            -         -           -          -            -       (395,979)        -         (395,979)

Net change in unrealized
  loss on securities available
  for sale, net of income
  taxes of $890
  (unaudited)                     -         -           -          -            -            -         (1,474)       (1,474)
                                                                                                                    -------

Comprehensive income
  (loss) (unaudited).......                                                                                        (397,453)
                              ---------   -------  ----------   -------    ---------   ---------      --------     -------
Balance at June 30, 2000
  (unaudited)                     -    $    -      1,017,066   $ 10,171    9,705,206  (1,844,394)     (29,403)    7,841,580
                              =========   =======  ==========   =======    =========   =========       ========   =========






See Accompanying Notes to Condensed Consolidated Financial Statements.
</TABLE>

                                       4

<PAGE>
<TABLE>


                           JACKSONVILLE BANCORP, INC.

                 Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)
                                                                                                Six Months Ended
                                                                                                     June 30,
                                                                                             2000              1999
                                                                                             ----              ----
<S>                                                                                   <C>                     <C>
Cash flows from operating activities:
    Net loss    .................................................................     $    (395,979)         (373,107)
    Adjustments to reconcile net loss to net cash
      used in operating activities:
        Depreciation and amortization............................................            94,439             9,735
        Provision for loan losses................................................            88,598              -
        Credit for deferred income taxes.........................................          (238,784)         (230,855)
        (Increase) decrease in accrued interest receivable and
            other assets.........................................................           (57,564)           12,165
        Decrease in accrued interest payable and other
            liabilities..........................................................           (60,739)         (194,214)
                                                                                       ------------        ----------

                Net cash used in operating activities............................          (570,029)         (776,276)
                                                                                       ------------        ----------

Cash flows from investing activities:
    Purchase of securities available for sale....................................             -            (1,500,000)
    Net increase in loans........................................................        (8,893,112)         (208,912)
    Net purchases of premises and equipment......................................        (1,354,400)         (320,758)
    Purchase of Federal Home Loan Bank stock.....................................           (36,700)             -
                                                                                       ------------        ----------

                Net cash used in investing activities............................       (10,284,212)       (2,029,670)
                                                                                       ------------        ----------

Cash flows from financing activities:
    Net increase in deposits.....................................................        13,593,732         1,489,856
    Net decrease in borrowings...................................................            -             (1,615,000)
    Net proceeds from issuance of common stock...................................            -              8,662,467
                                                                                       ------------         ---------

                Net cash provided by financing activities........................        13,593,732         8,537,323
                                                                                       ------------         ---------

Net increase in cash and cash equivalents........................................         2,739,491         5,731,377

Cash and cash equivalents at beginning of period.................................         1,478,648            29,186
                                                                                       ------------         ---------

Cash and cash equivalents at end of period.......................................     $   4,218,139         5,760,563
                                                                                       ============         =========

Supplemental  disclosure of cash flow  information-
  Cash paid during the period for:
        Interest.................................................................     $      95,036            70,085
                                                                                       ============         =========

        Income taxes.............................................................     $        -                -
                                                                                       ============         ==========

Noncash transaction -
    Accumulated other comprehensive income (loss), change in
        unrealized loss on securities available for sale, net of tax.............     $      (1,474)            -
                                                                                       ============         ==========



See Accompanying Notes to Condensed Consolidated Financial Statements.
</TABLE>
                                       5

<PAGE>


                           JACKSONVILLE BANCORP, INC.

        Notes to Condensed Consolidated Financial Statements (Unaudited)


(1) Description of Business and Summary of Significant Accounting Policies
    General.   Jacksonville   Bancorp,   Inc.   ("Jacksonville   Bancorp")   was
        incorporated on October 24, 1997.  Jacksonville Bancorp owns 100% of the
        outstanding   common  stock  of  The  Jacksonville   Bank  (the  "Bank")
        (collectively,  the "Company").  Jacksonville Bancorp's only business is
        the  ownership  and  operation  of  the  Bank.  The  Bank  is a  Florida
        state-chartered  commercial  bank and its  deposits  are  insured by the
        Federal Deposit Insurance  Corporation.  The Bank opened for business on
        May 28, 1999 and provides  community  banking services to businesses and
        individuals through three banking offices in Jacksonville, Florida.

        In the  opinion  of the  management  of the  Company,  the  accompanying
        condensed  consolidated  financial  statements  contain all  adjustments
        (consisting  principally  of normal  recurring  accruals)  necessary  to
        present  fairly the financial  position at June 30, 2000, the results of
        operations for the three- and six-month  periods ended June 30, 2000 and
        1999 and cash flows for the  six-month  periods  ended June 30, 2000 and
        1999.  The results of operations for the three and six months ended June
        30, 2000 are not  necessarily  indicative  of the results to be expected
        for the year ending December 31, 2000.

    Basis of Presentation.  The accompanying  condensed  consolidated  financial
        statements  of the  Company  include the  accounts of both  Jacksonville
        Bancorp  and  the  Bank.  All  significant   intercompany  accounts  and
        transactions have been eliminated in consolidation.

(2)  Loan  Impairment and Loan Losses.  No loans were  identified as impaired
        during the three months or six months ended June 30, 2000  or 1999.

     An analysis of the change in the allowance for loan losses follows:
<TABLE>

                                                                   Three Months Ended           Six Months Ended
                                                                     June 30,                       June 30,
                                                         --------------------------------------------------------
                                                                  2000          1999           2000          1999
                                                                  ----          ----           ----          ----

<S>                                                            <C>                            <C>
               Balance at beginning of period ...............  $ 116,143           -          80,485            -
               Provision for loan losses.....................     52,940           -          88,598            -
                                                                --------       ---------     -------        -----

               Balance at end of period......................  $ 169,083           -         169,083            -
                                                                 =======       =========     =======        =====


                                                                                                                (continued)

</TABLE>


                                       6

<PAGE>


                           JACKSONVILLE BANCORP, INC.

   Notes to Condensed Consolidated Financial Statements (Unaudited), Continued


(3) Loss Per Share.  Basic  loss per share has been computed on the basis of the
           weighted-average  number of shares of common  stock outstanding.  The
           Company's common stock equivalents are not dilutive.

(4) Regulatory Matters.  The Bank is required to maintain certain minimum
           regulatory capital  requirements.  The following is a summary at June
           30, 2000 of the regulatory capital requirements and the Bank's actual
           capital on a percentage basis:

                                                                      Regulatory
                                                          Actual     Requirement

     Total capital to risk-weighted assets       .........  27.03%        8.00%
     Tier I capital to risk-weighted assets      .........  26.22%        4.00%
     Tier I capital to total assets - leverage ratio......  22.84%        4.00%




                                       7
<PAGE>


                           JACKSONVILLE BANCORP, INC.

               Review by Independent Certified Public Accountants


Hacker,  Johnson,  Cohen & Grieb PA, the Company's  independent certified public
accountants,  have made a limited  review of the  financial  data as of June 30,
2000,  and for the three- and  six-month  periods  ended June 30,  2000 and 1999
presented in this  document,  in accordance  with  standards  established by the
American Institute of Certified Public Accountants.

Their  report  furnished  pursuant to Article 10 of  Regulation  S-X is included
herein.












                                       8
<PAGE>



          Report on Review by Independent Certified Public Accountants



The Board of Directors
Jacksonville Bancorp, Inc.
Jacksonville, Florida:

     We have reviewed the accompanying  condensed  consolidated balance sheet of
Jacksonville  Bancorp,  Inc. and Subsidiary (the "Company") as of June 30, 2000,
and the related condensed  consolidated  statements of operations for the three-
and  six-month  periods  ended June 30,  2000 and 1999,  the  related  condensed
consolidated  statement  of changes in  stockholders'  equity for the  six-month
period ended June 30, 2000 and the related condensed consolidated  statements of
cash  flows for the  six-month  periods  ended  June 30,  2000 and  1999.  These
financial statements are the responsibility of the Company's management.

     We conducted our review in accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion.

     Based on our review,  we are not aware of any material  modifications  that
should be made to the condensed  consolidated  financial  statements referred to
above  for  them  to  be  in  conformity  with  generally  accepted   accounting
principles.

     We have previously  audited, in accordance with generally accepted auditing
standards,  the  consolidated  balance  sheet as of December 31,  1999,  and the
related consolidated  statements of operations,  changes in stockholders' equity
and cash flows for the year then ended (not presented herein); and in our report
dated  February  25,  2000  we  expressed  an   unqualified   opinion  on  those
consolidated financial statements.  In our opinion, the information set forth in
the accompanying  condensed  consolidated balance sheet as of December 31, 1999,
is fairly  stated,  in all material  respects,  in relation to the  consolidated
balance sheet from which it has been derived.






HACKER, JOHNSON, COHEN & GRIEB PA
Tampa, Florida
August 1, 2000

                                       9

<PAGE>




                           JACKSONVILLE BANCORP, INC.

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

                Comparison of June 30, 2000 and December 31, 1999


General

    Jacksonville Bancorp, Inc.  ("Jacksonville  Bancorp") which was incorporated
    on  October  24,  1997,  owns 100% of the  outstanding  common  stock of The
    Jacksonville  Bank ("Bank")  (collectively,  the  "Company").  The Bank is a
    Florida state-chartered  commercial bank and its deposits are insured by the
    Federal Deposit Insurance  Corporation.  The Bank opened for business on May
    28,  1999,  and  provides  community  banking  services  to  businesses  and
    individuals  through  its three  banking  offices  located in  Jacksonville,
    Florida.

Liquidity and Capital Resources

    The  Company's  primary  source of cash during the six months ended June 30,
    2000 was from the net increase in deposits of $13.6  million.  Cash was used
    primarily to originate loans, net of principal  repayments,  of $8.9 million
    and purchase  premises and  equipment of  approximately  $1.4  million.  The
    Company had unfunded  lines of credit of $5.3  million and time  deposits of
    $.9  million  maturing  in one year or less at June 30,  2000.  The  Company
    exceeded its regulatory liquidity requirements at June 30, 2000.

Results of Operations

Comparison of the Three-Month Periods Ended June 30, 2000 and 1999

    General.  Net loss for the three  months ended June 30, 2000 was $142,306 or
       $.14 per basic and diluted  share  compared to $205,286 or $.48 per basic
       and diluted  share for 1999.  The Bank  commenced  operations  on May 28,
       1999.  At June 30,  2000,  the  Company had not  achieved  the asset size
       necessary to operate profitably.

    Interest  Income.  Interest  income was  $413,510 for the three months ended
       June 30, 2000. Interest income earned on loans was $338,612.  The average
       loan portfolio  balance was $14.5 million for the three months ended June
       30, 2000 and the average yield earned was 9.34%.

    Interest Expense.  Interest  expense was $149,820 for the three months ended
       June 30, 2000. The average  balance of  interest-bearing  liabilities was
       $12.4  million for the three  months  ended June 30, 2000 and the average
       cost was 4.84%.

    Provision  for Loan  Losses.  The  provision  for loan  losses is charged to
       earnings to increase the total allowance to a level deemed appropriate by
       management and is based upon the volume and type of lending  conducted by
       the Company,  industry  standards,  the amount of nonperforming loans and
       general economic conditions, particularly as they relate to the Company's
       market areas,  and other  factors  related to the  collectibility  of the
       Company's  loan  portfolio.  The Company  recorded a  provision  for loan
       losses  for the three  months  ended  June 30,  2000 of  $52,940  and the
       allowance  for loan  losses was  $169,083  at June 30,  2000.  Management
       believes the allowance is adequate at June 30, 2000.

    Noninterest  Expense.  Noninterest  expense  increased  $75,291  or 18.4% to
       $483,968 for the three  months ended June 30, 2000 from  $408,677 for the
       three months ended June 30, 1999.  Salaries and employee benefits was the
       largest  noninterest  expense  increasing  from $216,658 during the three
       months ended June 30, 1999 to $227,186 for the 2000 period.


                                       10
<PAGE>




                           JACKSONVILLE BANCORP, INC.

                  Item 2. Management's Discussion and Analysis
           of Financial Condition and Results of Operation, Continued


    Income Tax  Benefit.  The income tax benefit for the three months ended June
        30, 2000 was $84,119 (an effective  rate of 37.2%)  compared to $130,163
        for the three  months  ended  June 30,  1999 (an  effective  tax rate of
        38.8%).

Comparison of the Six-Month Periods Ended June 30, 2000 and 1999

    General.  Net loss for the six months  ended June 30,  2000 was  $395,979 or
       $.39 per basic and diluted share  compared to $373,107 or $1.69 per basic
       and diluted  share for 1999.  The Bank  commenced  operations  on May 28,
       1999.  At June 30,  2000,  the Company had not achieved the asset size to
       operate profitably.

    Interest Income.  Interest income was $686,737 for the six months ended June
       30, 2000. Interest income earned on loans was $547,587.  The average loan
       portfolio  balance was $11.9  million  for the six months  ended June 30,
       2000 and the average yield earned was 9.21%.

    Interest  Expense.  Interest  expense was  $438,852 for the six months ended
       June 30, 2000. The average  balance of  interest-bearing  liabilities was
       $9.9  million for the six months ended June 30, 2000 and the average cost
       was 5.03%.

    Provision  for Loan  Losses.  The  provision  for loan  losses is charged to
       earnings to increase the total allowance to a level deemed appropriate by
       management and is based upon the volume and type of lending  conducted by
       the Company,  industry  standards,  the amount of nonperforming loans and
       general economic conditions, particularly as they relate to the Company's
       market areas,  and other  factors  related to the  collectibility  of the
       Company's  loan  portfolio.  The Company  recorded a  provision  for loan
       losses  for the six  months  ended  June  30,  2000  of  $88,598  and the
       allowance  for loan  losses was  $169,083  at June 30,  2000.  Management
       believes the allowance is adequate at June 30, 2000.

    Noninterest  Expense.  Noninterest  expense  increased  $420,731 or 64.0% to
       $1,078,290  for the six months ended June 30, 2000 from  $657,559 for the
       six months  ended June 30,  1999.  The  largest  noninterest  expense was
       salaries and employee benefits totaling $556,301 for the six months ended
       June 30, 2000 compared to $375,954 for the  comparable  1999 period.  The
       increase in total  noninterest  expenses relates to the overall growth of
       the Company.

    Income Tax Benefit. The income tax benefit for the six months ended June 30,
        2000 was $238,784 (an effective rate of 37.6%)  compared to $230,855 for
        the six months ended June 30, 1999 (an effective rate of 38.2%).


                                       11

<PAGE>


                           JACKSONVILLE BANCORP, INC.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Market risk is the risk of loss from adverse changes in market prices and rates.
The Company's  market risk arises  primarily from interest rate risk inherent in
its  lending and deposit  taking  activities.  The Company has little or no risk
related to trading accounts, commodities or foreign exchange.

Management  actively  monitors and manages its interest rate risk exposure.  The
primary objective in managing interest-rate risk is to limit, within established
guidelines, the adverse impact of changes in interest rates on the Company's net
interest  income and capital,  while  adjusting  the  Company's  asset-liability
structure to obtain the maximum yield-cost spread on that structure.  Management
relies primarily on its asset-liability structure to control interest rate risk.
However,  a sudden and  substantial  increase in interest rates could  adversely
impact the Company's  earnings,  to the extent that the interest  rates borne by
assets and liabilities do not change at the same speed,  to the same extent,  or
on the same  basis.  There have been no  significant  changes  in the  Company's
market risk exposure since December 31, 1999.















                                       12
<PAGE>


                           JACKSONVILLE BANCORP, INC.

                           PART II. OTHER INFORMATION


Item 4.  Submissions of Matters to a Vote of Security Holders

The Annual  Meeting of  Shareholders  (the  "Annual  Meeting")  of  Jacksonville
Bancorp,  Inc.  was held on April 26,  2000,  to  consider  the  election of the
Company's  three classes of directors and to approve the Company's  Stock Option
Plan.

At the Annual  Meeting,  717,261 shares were present in person or by proxy.  The
following is a summary and tabulation of the matters that were voted upon at the
Annual Meeting:

   Proposal I.

   The election of Class I directors, each for a term of one year:


                                                                        Withheld
                                                            For        Authority

           John W. Rose                                    714,761         2,500
                                                           =======         =====
           John R. Schultz                                 715,011         2,250
                                                           =======         =====
           Price W. Schwenck                               715,011         2,250
                                                           =======         =====
           Gary L. Winfield                                715,011         2,250
                                                           =======         =====

   The election of Class II directors, each for a term of two years:

                                                                        Withheld
                                                            For        Authority

           Rudolph A. Kraft                                715,011         2,250
                                                           =======         =====
           R.C. Mills                                      714,761         2,500
                                                           =======         =====
           Gilbert J. Pomar, III                           715,011         2,250
                                                           =======         =====
           Donald E. Roller                                715,011         2,250
                                                           =======         =====
           Charles F. Spencer                              715,011         2,250
                                                           =======         =====

   The election of Class III directors, each for a term of three years:

                                                                        Withheld
                                                            For        Authority

           D. Michael Carter                               715,011         2,250
                                                           =======         =====
           Melvin Gottlieb                                 715,011         2,250
                                                           =======         =====
           James M. Healey                                 715,011         2,250
                                                           =======         =====
           John C. Kowkabany                               714,761         2,500
                                                           =======         =====
           Bennett A. Taver                                714,761         2,500
                                                           =======         =====


                                       13
<PAGE>


                           JACKSONVILLE BANCORP, INC.


                      PART II. OTHER INFORMATION, CONTINUED



Item 4.  Submissions of Matters to a Vote of Security Holders, Continued

   Proposal II:

   To approve the Company's Stock Option Plan:

                                                          Withheld       Broker
                                            For           Authority     Nonvotes

                                           575,960         26,750       114,551
                                           =======         ======       =======

Item 6.  Exhibits and Reports on Form 8-K

(a)   Exhibits.  The  following  exhibits  are  filed  with or  incorporated  by
      reference  into this  report.  The  exhibits  which are marked by a single
      asterisk (*) were previously filed as a part, and are hereby  incorporated
      by reference  from the Company's  Registration  Statement on Form SB-2, as
      effective  with the  Securities  and Exchange  Commission on September 30,
      1998, Registration No. 333-64815.  The exhibit marked by a double asterisk
      (**) was previously filed as a part of the June 30, 1999 Form 10-QSB filed
      with the  Securities  and  Exchange  Commission  on August 13,  1999.  The
      exhibit marked by a triple asterisk (***) was previously  filed as part of
      the Company's Registration Statement on Form S-8 filed with the Securities
      and Exchange Commission on November 9, 1999.

      Exhibit No.                   Description of Exhibit

        *    3.1                    Articles of Incorporation of the Company
        *    3.2                    By-laws of the Company
        *    4.1                    Specimen Common Stock Certificate
        *    10.1                   Stock Option Plan
        *    10.2                   Servicing Agreement with M&I Data Services
        **   10.3                   Employment Contract Gilbert J. Pomar, III
             27                     Financial Data Schedule (for SEC use only)
        ***  99.1                   Stock Option Plan

(b)   Reports on Form 8-K.  On May 24,  2000,  the  Company  filed a Form 8-K to
      report the Company's  current  President had also been elected to serve as
      the Company's Chief Executive Officer.




                                       14
<PAGE>




                           JACKSONVILLE BANCORP, INC.





                                   SIGNATURES



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.


                                            JACKSONVILLE BANCORP, INC.
                                                  (Registrant)






Date:  August   , 2000               By:  /s/Gilbert J. Pomar III
      -----------------                  ------------------------
                                         Gilbert J. Pomar III, President and
                                         Chief Executive Officer





Date:  August    , 2000              By:  /s/Cheryl L. Whalen
      ------------------                 --------------------
                                         Cheryl L. Whalen, Executive Vice
                                         President and Chief Financial Officer







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