QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

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


             [X] Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934
                       For the period ended June 30, 1997

                                       or

            [ ] Transition Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934
                  For the transition period from _____to _____


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


                         Commission file number 2-78658


                          INTRUST Financial Corporation
                          -----------------------------
             (Exact name of registrant as specified in its charter)


         Kansas                                  48-0937376
         (State or other jurisdiction of         (I.R.S. Employer
         incorporation or organization)          Identification Number)


         105 North Main Street                   67201
         Box One                                 -----
         Wichita, Kansas                         (Zip Code)
         ---------------                         
         (Address of principal                   (316) 383-1111
         executive offices)                      --------------
                                                 (Registrant's
                                                 telephone number)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. X Yes  No

At July 10, 1997, there were 2,201,110 shares of the registrant's  common stock,
par value $5 per share, outstanding.

<PAGE>
                          Part 1. Financial Information

                          INTRUST Financial Corporation
            Consolidated Condensed Statements of Financial Condition
                                   (Unaudited)
                  (Dollars in thousands except per share data)

                                                         June 30,   December 31,
Assets                                                     1997         1996
--------------------------------------------------------------------------------
Cash and cash equivalents:
   Cash and due from banks                             $   143,321   $  123,378
   Federal funds sold and securities purchased
      under agreements to resell                             9,480       61,726
--------------------------------------------------------------------------------
        Total cash and cash equivalents                    152,801      185,104
--------------------------------------------------------------------------------
Investment securities:
   Held-to-maturity (market value, $267,715 for 1997
       and $293,098 for 1996)                              266,790      291,404
   Available-for-sale, at market                             4,288        1,498
   Equity, at cost                                           2,780        2,736
--------------------------------------------------------------------------------
        Total investment securities                        273,858      295,638
--------------------------------------------------------------------------------
Loans held-for-sale, net of unrealized losses of
   $25,013 in 1997 and $29,120 in 1996                      62,988      102,063
Loans, net of allowance for loan losses of
   $16,715 in 1997 and $15,536 in 1996                   1,208,265    1,038,576
Land, buildings and equipment, net                          28,322       28,501
Other assets                                                73,781       71,520
--------------------------------------------------------------------------------
      Total assets                                      $1,800,015   $1,721,402
--------------------------------------------------------========================

Liabilities and Stockholders' Equity
--------------------------------------------------------------------------------
   Deposits                                             $1,436,232   $1,428,395
   Short-term borrowings:
      Federal funds purchased and securities sold
        under agreements to repurchase                     164,932      117,726
      Other                                                  9,594       11,149
--------------------------------------------------------------------------------
        Total short-term borrowings                        174,526      128,875
--------------------------------------------------------------------------------
   Accounts payable and accrued liabilities                 29,077       13,159
   Notes payable                                            21,660       17,660
   Convertible capital notes                                11,219       11,219
--------------------------------------------------------------------------------
          Total liabilities                              1,672,714    1,599,308
--------------------------------------------------------------------------------
Stockholders' equity:
   Common stock, $5 par value; 10,000,000 shares
     authorized, 2,415,071 shares issued                    12,075       12,075
   Capital surplus                                          12,377       12,377
   Retained earnings                                       117,428      112,374
   Treasury stock, at cost (213,961 shares in
         1997 and 210,161 shares in 1996)                  (15,046)     (14,799)
   Unrealized securities gains, net of tax                     467           67
--------------------------------------------------------------------------------
          Total stockholders' equity                       127,301      122,094
--------------------------------------------------------------------------------
      Total liabilities and stockholders' equity        $1,800,015   $1,721,402
--------------------------------------------------------========================

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.
<PAGE>
                          INTRUST Financial Corporation

                   Consolidated Condensed Statements of Income
                                  (Unaudited)
                  (Dollars in thousands except per share data)

                                              Three Months        Six Months
                                             Ended June 30,     Ended June 30,
                                             --------------     --------------
                                             1997      1996     1997      1996
--------------------------------------------------------------------------------
Interest income:
   Loans                                   $28,242  $26,727   $53,919  $52,657
   Investment securities                     4,335    5,555     8,814   10,731
   Federal funds sold and securities
      purchased under agreements to
      resell, and other                        300      985       996    2,874
--------------------------------------------------------------------------------
       Total interest income                32,877   33,267    63,729   66,262
--------------------------------------------------------------------------------
Interest expense:
   Deposits                                 12,185   11,733    24,133   23,500
   Federal funds purchased and securities
      sold under agreement to repurchase     1,868    1,489     3,618    3,148
   Convertible capital notes                   253      263       505      532
   Other borrowings                            485      431       946      860
--------------------------------------------------------------------------------
       Total interest expense               14,791   13,916    29,202   28,040
--------------------------------------------------------------------------------
       Net interest income                  18,086   19,351    34,527   38,222
Provision for write-down of loans 
   held-for-sale                             4,645        0     4,645        0
Provision for loan losses                    2,420    5,765     4,020    9,780
--------------------------------------------------------------------------------
       Net interest income after
         provision for loan losses          11,021   13,586    25,862   28,442
--------------------------------------------------------------------------------
Noninterest income:
   Service charges on deposit accounts       2,497    2,339     4,866    4,586
   Trust department fees                     1,779    1,383     3,411    2,779
   Credit card fees                          3,230    2,760     6,637    5,749
   Securities gains                            165        0       165        0
   Other service charges, fees and income    2,601    1,830     5,364    3,526
--------------------------------------------------------------------------------
       Total noninterest income             10,272    8,312    20,443   16,640
--------------------------------------------------------------------------------
Noninterest expenses:
   Salaries and employee benefits            8,798    7,728    17,166   15,538
   Net occupancy and equipment expense       2,038    2,148     4,070    4,234
   Data processing expense                     824      901     1,782    1,757
   Supplies                                    642      528     1,155      978
   Deposit insurance assessment                 61      103        32      188
   Postage and dispatch                        575      596     1,144    1,193
   Advertising and promotional activities    1,029      796     2,084    2,056
   Goodwill amortization                       403      399       807      798
   Other                                     4,085    3,467     7,982    6,726
--------------------------------------------------------------------------------
       Total noninterest expenses           18,455   16,666    36,222   33,468
--------------------------------------------------------------------------------
       Income before provision for 
          income taxes                       2,838    5,232    10,083   11,614
Provision for income taxes                     797    1,888     3,486    4,413
--------------------------------------------------------------------------------
       Net income                          $ 2,041  $ 3,344   $ 6,597  $ 7,201
-------------------------------------------=====================================
Per share data:
   Net income - assuming no dilution         $0.93    $1.44     $3.00    $3.09
   Net income - assuming full dilution       $0.86    $1.29     $2.69    $2.77
Cash Dividends                               $0.35    $0.35     $0.70    $0.60

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.
<PAGE>

                          INTRUST Financial Corporation
                 Consolidated Condensed Statements of Cash Flows
                                   (Unaudited)
                            (In thousands of dollars)
                                                              Six Months Ended
                                                                  June 30,
                                                            -------------------
                                                               1997      1996
--------------------------------------------------------------------------------
Cash provided (absorbed) by operating activities:
 Net Income                                                 $  6,597  $  7,201
Adjustments to reconcile net income to net
 cash provided by operating activities:
   Provision for loan losses                                   8,665     9,780
   Provision for depreciation and amortization                 3,378     3,492
   Amortization of premium and accretion of discount on
         investment securities                                  (172)      122
   Gain on sale of investment securities                        (165)        0
   Changes in assets and liabilities:
    Loans held for sale                                         (701)   (2,538)
    Prepaid expenses and other assets                           (938)   (6,138)
    Income taxes                                              (1,489)     (795)
    Interest receivable                                       (1,518)   (1,252)
    Interest payable                                           4,383     4,000
    Other liabilities                                         12,661      (248)
    Other                                                         14      (176)
--------------------------------------------------------------------------------
     Net cash provided by operating activities                34,735    13,448
--------------------------------------------------------------------------------
Cash provided (absorbed) by investing activities:
   Purchase of investment securities                         (37,795) (100,545)
   Investment securities matured or called                    58,859    65,516
   Proceeds from sale of investment securities                 1,463         0
   Net increase in loans                                    (140,116)  (71,626)
   Purchases of land, buildings and equipment                 (1,875)   (1,424)
   Proceeds from sale of equipment                                 7         4
   Proceeds from sale of other real estate
      and repossessions                                        1,594     1,928
   Other                                                        (854)     (142)
--------------------------------------------------------------------------------
     Net cash absorbed by investing activities              (118,717) (106,289)
--------------------------------------------------------------------------------
Cash provided (absorbed) by financing activities:
   Net increase (decrease) in deposits                         7,837   (27,908)
   Net increase in short-term borrowings                      45,651    19,832
   Retirement of convertible capital notes                         0       (60)
   Proceeds from notes payable                                 4,000         0
   Cash dividends                                             (1,542)   (1,399)
   Purchase of treasury stock                                   (247)     (954)
--------------------------------------------------------------------------------
     Net cash provided (absorbed) by financing activities     55,699   (10,489)
--------------------------------------------------------------------------------
       Decrease in cash and cash equivalents                 (32,303) (103,330)

Cash and cash equivalents at beginning of period             185,104   214,983
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period                  $152,801  $111,653
------------------------------------------------------------====================
Supplemental disclosures
   Interest paid                                             $24,819   $24,040
   Income tax paid                                           $ 4,975   $ 5,208

The  accompanying  notes are an integral  part of these  consolidated  financial
statements.
<PAGE>
                          INTRUST Financial Corporation
                   Notes to Consolidated Financial Statements
                                   (Unaudited)




1.  PRINCIPLES OF CONSOLIDATION AND PRESENTATION

The  accompanying  consolidated  financial  statements  include the  accounts of
INTRUST  Financial  Corporation and subsidiaries.  All significant  intercompany
accounts and transactions  have been  eliminated.  In the opinion of management,
the consolidated  financial statements reflect all normal recurring  adjustments
necessary  for a fair  presentation  of the  financial  position  and results of
operations for the periods presented.

The significant accounting policies followed in the preparation of the quarterly
financial  statements  are the  same as  those  disclosed  in the  1996  INTRUST
Financial  Corporation  Annual  Report on Form  10-K.  Reference  is made to the
"Notes to Consolidated  Financial Statements" under Item 8 of the 1996 Form 10-K
for additional disclosure.

2.  ALLOWANCE FOR LOAN LOSSES

The  following is a summary of the  allowance for loan losses for the six months
ended June 30, 1997 and 1996 (in thousands):

                                                        1997          1996
                                                      --------       -------
      Balance, January 1                               $15,536       $25,892
      Additions:
         Provision for loan losses                       4,020         9,780
                                                      --------       -------
                                                        19,556        35,672
      Deductions:
         Loans charged off                               3,670        10,878
         Less recoveries on loans
           previously charged off                          829         1,331
                                                      --------       -------
         Net loan losses                                 2,841         9,547
                                                      --------       -------
      Balance, June 30                                 $16,715       $26,125
                                                      ========       ======= 

Statement  of Financial  Accounting  Standards  ("SFAS")  No. 114 requires  that
certain impaired loans be measured based on the present value of expected future
cash flows  discounted  at the loan's  original  effective  interest  rate. As a
practical  expedient,  impairment may be measured based on the loan's observable
market  price or the  fair  value of the  collateral  if the loan is  collateral
dependent.  When the  measure  of the  impaired  loan is less than the  recorded
investment  in  the  loan,  the  impairment  is  recorded  through  a  valuation
allowance.

Less than 1% of the Company's total loan portfolio meet the criteria  defined in
SFAS Nos.  114 and 118 for  classification  as an  impaired  loan.  The  Company
maintained  a valuation  allowance of $485,000 at June 30, 1997 related to loans
considered  impaired.  Interest income on this  classification of loans has been
recorded  by the  Company in a manner  consistent  with its  income  recognition
policies on other loans.  Such amount of interest  income is not material to the
Company's financial statements.


3.  EARNINGS PER SHARE CALCULATIONS

Net income per share,  assuming no dilution, is computed based upon the weighted
average number of shares  outstanding plus average  incremental  shares of stock
outstanding  from the assumed  exercise of stock options.  Net income per share,
assuming full dilution,  is computed based upon the additional  assumption  that
the 9%  convertible  subordinated  capital notes had been  converted into common
stock as of the  beginning  of each  respective  period  presented  with related
adjustments to interest and income tax expense.  The weighted  average number of
shares  outstanding  for the  three  months  ended  June 30,  1997 and 1996 were
2,201,110  and 2,324,389  respectively.  The weighted  average  number of shares
outstanding  for the six months ended June 30, 1997 and 1996 were  2,201,646 and
2,328,369 respectively.

Pro forma  disclosures of earnings per share,  as if the fair value based method
of  accounting  as  defined  in SFAS  No.  123 had been  applied,  have not been
presented since such disclosures  would not result in material  differences from
the intrinsic value method.




<PAGE>
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS



Unaudited  consolidated net income of INTRUST Financial  Corporation for the six
months  ended June 30, 1997 was  $6,597,000  a decline of $604,000 or 8.4% under
that  recognized  during the same period of the preceding  year.  Second quarter
results were impacted by the Company  recording an additional  adjustment in the
carrying value of its national credit card portfolio. During the second quarter,
it was  determined  that only a portion of the  company's  national  credit card
portfolio  would be sold. It is expected that national credit card accounts with
a net book value of $49.4 million at June 30, 1997 will be sold during the third
quarter. As the segment to be sold is comprised of relatively  poorer-performing
accounts, it was necessary for the Company to record an additional write-down of
$4,645,000.  The  after-tax  effect of this  write-down  is  approximately  $2.8
million and is the principal  reason 1997  year-to-date  net income is less than
that recorded in 1996.

NET  INTEREST  INCOME.  As noted in previous  filings,  terms of the sale of the
national credit card portfolio have  significantly  impacted interest income. In
accordance  with the terms of the pending sale,  interest on  approximately  $77
million in credit card loans was not recognized in the second quarter.  Instead,
the Company  recognized  interest  income on  approximately  $51.6  million at a
LIBOR-based rate. However,  the growth in the loan portfolio  experienced by the
Company has served to substantially mitigate the loss of interest income arising
from  the  proposed  sale of  national  credit  card  accounts.  Loans  averaged
$1,268,033,000  in the second quarter of 1997, an increase of $169,284,000  over
1996 levels.

Yields on average  interest-earning  assets have  declined 26 basis  points from
second  quarter 1996  levels,  but have  improved  from the first  quarter.  The
Company  continues to see a change in the  composition of its balance sheet,  as
loan  demand in its  primary  markets  has  remained  strong.  Funds  previously
invested in relatively  lower-yielding  investment  securities and federal funds
are now  invested  in loans.  After  increasing  $71  million  during  the first
quarter, loans continued to grow in the second quarter, increasing an additional
$59  million  to total  $1,271,253,000  at June 30,  1997.  This  equates  to an
annualized  growth  rate  in  1997  of  23%.  Loans  comprised  77%  of  average
interest-earning  assets during the second quarter of 1997. The comparable  1996
percentage was 71.2%.

Funding costs have changed  little in 1997.  The weighted  average cost of funds
for the  second  quarter  of 1997 was  4.58%,  compared  to  4.53% in the  first
quarter.  There  has  also  not  been a  significant  change  in  the  Company's
year-over-year  funding costs.  Non-interest  bearing deposits averaged 21.2% of
total deposits in the second quarter of 1997, compared to 19.8% during the first
quarter of 1997 and 19.7% in the second quarter of 1996.

Loans, including loans held-for-sale, as a percentage of deposits, were 88.5% at
June 30, 1997 compared to 79.9% at December 31, 1996.

PROVISION  FOR LOAN LOSSES.  The  provision  for loan losses for the three month
period ended June 30, 1997 was $2,420,000  compared to a provision of $1,600,000
in the first  quarter of 1997 and  $5,765,000  in the  comparable  period of the
preceding  year. As noted  previously,  terms of the sale of the national credit
card  portfolio  have  significantly  impacted the Company's  provision for loan
losses.  All activity on the national  portfolio  (including  charge-offs) after
December 31, 1996 flows to the prospective purchaser.  As a result, and as shown
in the accompanying  table, the Company has experienced a significant decline in
1997  charge-off  levels when  compared to the same period of 1996.  Total loans
charged-off  through the second  quarter of 1997 were $7.2 million less than the
1996  charge-offs  for  the  comparable   period,   with  all  of  this  decline
attributable  to a lesser  level of credit  card  charge-offs.  The  commercial,
financial and  agricultural  sectors of the loan  portfolio  continue to perform
well,  with a low level of charge-offs.  The increase in charge-off  activity in
the installment lending area is relatively modest and is a function of increased
outstandings  in this segment of the loan portfolio.  The Company  believes that
its loan  loss  provision  for the  remainder  of 1997  will be less  than  that
recorded in 1996.

Summary of Loan Loss Experience
--------------------------------------------------------------------------------
                                                                June 30,
                                                            1997        1996
--------------------------------------------------------------------------------
Amount of loans at period-end                            $1,224,980  $1,126,309
---------------------------------------------------------=======================
YTD Average loans outstanding                            $1,142,654  $1,073,659
---------------------------------------------------------=======================
Beginning balance of allowance for loan losses              $15,536     $25,892

Loans charged-off
   Commercial, Financial and Agricultural                       927         940
   Real Estate-Mortgage                                           4          16
   Credit Card                                                1,825       9,106
   Installment                                                  914         816
--------------------------------------------------------------------------------
Total loans charged off                                       3,670      10,878
--------------------------------------------------------------------------------
Recoveries on charge-offs
   Commercial, Financial and Agricultural                       357         583
   Real Estate-Mortgage                                          19          18
   Credit Card                                                  315         558
   Installment                                                  138         172
--------------------------------------------------------------------------------
Total recoveries                                                829       1,331
--------------------------------------------------------------------------------
Net loans charged off                                         2,841       9,547

Provision charged to expense                                  4,020       9,780
--------------------------------------------------------------------------------
Ending balance of allowance for loan losses                 $16,715     $26,125
---------------------------------------------------------=======================
Net charge-offs/average loans                                 0.25%       0.89%
---------------------------------------------------------=======================
Allowance for loan losses/loans at period-end                 1.36%       2.32%
---------------------------------------------------------=======================

The accompanying  table summarizes,  by type, the Company's  outstanding  loans.
Installment loans are principally comprised of loans secured by automobiles.

                                           June 30, 1997      December 31, 1996
--------------------------------------------------------------------------------
                                                    Percent              Percent
                                           Amount  of Total     Amount  of Total
--------------------------------------------------------------------------------
Commercial, Financial  
   and Agricultural                    $  564,945     46.1%  $  485,891    46.1%
Real Estate-Construction                   29,157      2.4       27,130     2.5
Real Estate-Mortgage                      219,905     17.9      210,591    20.0
Installment, excluding credit card        312,063     25.5      286,632    27.2
Credit card                                98,910      8.1       43,868     4.2
--------------------------------------------------------------------------------
  Subtotal                             $1,224,980    100.0%   1,054,112   100.0%
Allowance for loan losses                 (16,715)              (15,536)
--------------------------------------------------------------------------------
                                       $1,208,265            $1,038,576
---------------------------------------=========================================

Loans  considered risk elements,  as presented in the following  table,  totaled
 .77% of total loans at June 30, 1997  compared  to 1.03% at December  31,  1996.
Approximately  50% of the loans  considered  risk  elements at June 30, 1997 are
comprised  of credit card  accounts  contained in the  national  portfolio.  The
allowance for loan losses at June 30, 1997 was 1.36% of total loans, compared to
1.47% at December 31, 1996.  Excluding the  nonaccrual  and past due credit card
loans that will be sold,  the allowance for loan losses at the end of the second
quarter would have equaled  approximately 350% of those loans identified as risk
elements in the following table. Management will continue to actively review the
activity in its loan  portfolio to ensure that the provision for loan losses and
resultant allowance for loan losses remain adequate to appropriately address the
credit risk existing in the portfolio.

                                                       June 30,    December 31,
                                                          1997          1996
--------------------------------------------------------------------------------
      Loan Categories
           Nonaccrual Loans                              $4,438         $ 5,208
           Past Due 90 days or more                       5,008           5,695
--------------------------------------------------------------------------------
      Total                                              $9,446         $10,903
---------------------------------------------------------=======================
LIQUIDITY AND CAPITAL  RESOURCES.  The Company  considered  its liquidity  level
adequate at June 30, 1997. The average maturity of United States  government and
agency securities in the investment  portfolio was 1 year and 7 months,  and the
average maturity of municipal securities was 4 years and 2 months.

The Company has thoroughly  reviewed its investment  security  portfolio and has
determined  that at June 30,  1997,  it has the  ability  and intent to hold all
securities in the portfolio that have been classified as  held-to-maturity.  The
Company  believes  the  regularly  scheduled   maturities  of  those  securities
presently   held  in  its  investment   portfolio,   along  with  other  funding
alternatives,  such as the  securitization of credit card  receivables,  provide
sufficient liquidity to meet depositors' needs and make available lendable funds
within its service area.

The Company's  capital position exceeds  regulatory  capital  requirements.  The
Company must maintain a minimum ratio of total capital to  risk-weighted  assets
of 8%, of which at least 4% must  qualify as Tier 1 capital.  At June 30,  1997,
the Company's total capital to risk-weighted  assets ratio was 8.7% and its Tier
1 capital to risk-weighted assets ratio was 7.3%.

In addition to the aforementioned regulatory requirements, each of the Company's
subsidiary banks met all capital ratios required at the individual bank level.

OTHER INCOME AND OTHER EXPENSE.  Second  quarter  noninterest  income  increased
$1,960,000  or 24% over prior year  levels  and was  approximately  equal to the
amount of noninterest income recognized in the first quarter of 1997.  Increases
were  realized  in all major areas of  noninterest  income.  Service  charges on
deposit  accounts  increased  $158,000  over prior year levels and $128,000 over
first quarter amounts,  as the Company  continues to experience modest increases
in its volume of deposit customers.

As noted in previous  filings,  the Company  anticipated  that trust fee revenue
growth in 1997 would exceed that  recognized in 1996.  Second quarter 1997 trust
fees increased $396,000 over comparable 1996 amounts,  after increasing $236,000
in the first quarter.  The  establishment  of  proprietary  mutual funds and the
increase in trust assets under  management,  principally  in the personal  trust
area, are responsible for the growth in this noninterest income line item.

During the second  quarter of 1997,  credit  card fees  increased  approximately
$470,000  from 1996  levels,  as  increased  merchant  activity  has resulted in
approximately  $1,000,000 in increased revenue during the quarter. For the first
six  months of 1997,  this  activity  increase  has  resulted  in  approximately
$2,000,000 in increased merchant fee revenue. This increase has more than offset
the  declines the Company has  experienced  in excess  servicing  fee income and
cardholder  fees. The reduction in excess  servicing fees is attributable to one
of the Company's  securitization  programs beginning its amortization  period in
January.  Through June 30, 1997 this amortization has resulted in $25 million of
credit  card  balances  coming back on to the  Company's  balance  sheet.  Other
service charges,  fees and income in the second quarter have increased  $771,000
over 1996  levels  with the  year-to-date  increase  totaling  $1,838,000.  This
increase is principally  attributable  to servicing fees and other  compensation
the Company has received  relative to the operational  services it performed for
those  accounts  contained  in  the  national  credit  card  portfolio.   It  is
anticipated  that the Company will not experience  comparable  increases in this
line item  during the  second  half of 1997 given the  scheduled  third  quarter
closing of the sale of the national credit card portfolio.

Total  noninterest  expenses  in the second  quarter  increased  10.7% over 1996
amounts for the comparable period. For the first six months of 1997, noninterest
expenses have increased  8.2% over 1996 levels.  Similar to the first quarter of
the  year,  increases  in the  areas of  salaries  and  employee  benefits,  and
increased  costs  associated  with  merchant  processing   activities  were  the
principal causes of the current quarter increase.

Second quarter employment expenses increased $1,070,000, or 13.8%, over those of
the comparable period in 1996. Year-to-date,  employment expenses have increased
10.5%. A significant  portion of the increase in employment  costs, both for the
second quarter and the year, relates to the Company's  continuing  investment in
the  establishment  of  additional  fee-based  business  in the area of employee
benefit plan support services. In addition,  increases were also realized in the
Company's  retail  banking  area.  Also  impacting  employment  expenses was the
decision by the Company to staff  certain  data  processing  functions  that had
previously been  out-sourced.  This resulted in increased  employment costs, but
was the principal  reason for the decline in the Company's  second  quarter data
processing  costs.  At June 30, 1997,  the company had 904 full-time  equivalent
employees, compared to 874 at June 30, 1996.

Occupancy  and  equipment  expenses  did not change  significantly  from  levels
recognized during the corresponding period of 1996.  Advertising and promotional
activities  in the second  quarter of 1997  increased  from 1996 levels,  but as
noted previously, this is a timing issue. Year-to-date expenditures in this area
in 1997 are little changed from 1996 levels. As noted in previous filings and as
also noted  above,  increased  merchant  activity  in the  credit  card area has
resulted in approximately  $1 million in additional  expense in 1997, and is the
principal reason for the increase in other noninterest expenses. Net noninterest
expense in the second quarter of 1997 was $8,183,000,  compared to $7,596,000 in
the first quarter of 1997 and $8,354,000 in the second quarter of 1996.


NEW ACCOUNTING  STANDARDS.  Statement of Financial Accounting Standards No. 128,
"Earnings  per  Share",  establishes  standards  for  computing  and  presenting
earnings per share.  Statement No. 128 is effective for financial statements for
both  interim and annual  periods  ending after  December 15, 1997.  The Company
anticipates  that the adoption of Statement  No. 128 will have little  impact on
reported earnings per share.

In addition to Statement No. 128,  Statement of Financial  Accounting  Standards
Nos. 129, 130 and 131 require additional  disclosure  information with regard to
capital  structure,  comprehensive  income and  business  segments.  While these
Statements may impose  additional  disclosure  requirements on the Company,  the
Company  does not  anticipate  that  they  will  have a  significant  impact  on
operating results or its financial condition.



<PAGE>




                            PART 2. OTHER INFORMATION



Item 6(b). Exhibits and Reports on Form 8-K.

                 (a) Exhibits
                       Exhibit No.                   Description
                          27                          Financial Data Schedule

                 (b)  There were no reports on Form 8-K filed during
                      the quarter for which this report is filed.




SIGNATURES


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


INTRUST Financial Corporation




Date:   August 8, 1997                       By: /s/ C.Q. Chandler IV
                                                ---------------------
   C. Q. Chandler IV
   President
   (Principal Executive Officer)




Date:   August 8, 1997                       By: /s/ Jay L. Smith
                                                -----------------
   Jay L. Smith
   Chief Financial Officer
   (Principal Accounting Officer)



<PAGE>


                                  EXHIBIT INDEX



Number                   Description
           27                     Financial Data Schedule