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, 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 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
      Box One
      Wichita, Kansas                                    67201
      ---------------                                    -----
      (Address of principal                              (Zip Code)
      executive offices)

      Registrant's telephone number including area code: (316) 383-1111

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. Yes [X] No [ ]

At July 15, 1998, there were 2,149,962 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                                                   1998           1997
--------------------------------------------------------------------------------
Cash and cash equivalents:
   Cash and due from banks                            $  169,826     $  171,494
   Federal funds sold and securities purchased
      under agreements to resell                          50,600         89,615
--------------------------------------------------------------------------------
        Total cash and cash equivalents                  220,426        261,109
--------------------------------------------------------------------------------
Investment securities:
   Held-to-maturity (market value, $219,441 for 1998
      and $280,715 for 1997)                             217,900        270,971
   Available-for-sale, at market                         142,858         33,346
   Equity, at cost                                         2,778          2,833
--------------------------------------------------------------------------------
        Total investment securities                      363,536        307,150
--------------------------------------------------------------------------------
Loans held-for-sale                                       26,740         16,422
Loans, net of allowance for loan losses of
   $20,342 in 1998 and $17,932 in 1997                 1,283,007      1,244,527
Land, buildings and equipment, net                        26,231         26,529
Other assets                                              62,079         68,085
--------------------------------------------------------------------------------
      Total assets                                    $1,982,019     $1,923,822
------------------------------------------------------==========================
Liabilities and Stockholders' Equity
--------------------------------------------------------------------------------
   Deposits                                           $1,516,907     $1,552,766
   Short-term borrowings:
      Federal funds purchased and securities sold
        under agreements to repurchase                   217,158        183,678
      Other                                                9,621          7,507
--------------------------------------------------------------------------------
 Total short-term borrowings                             226,779        191,185
--------------------------------------------------------------------------------
   Accounts payable and accrued liabilities               17,359         13,007
   Notes payable                                          15,000         23,000
   Convertible capital notes                              11,143         11,219
   Guaranteed preferred beneficial interests in the
      Company's subordinated debentures                   57,500              0
--------------------------------------------------------------------------------
          Total liabilities                            1,844,688      1,791,177
--------------------------------------------------------------------------------
Stockholders' equity:
   Common stock, $5 par value; 10,000,000 shares
     authorized, 2,416,820 shares issued                  12,084         12,075
   Capital surplus                                        12,421         12,377
   Retained earnings                                     132,524        124,877
   Treasury stock, at cost (264,218 shares in
         1998 and 240,277 shares in 1997)                (19,823)       (17,081)
   Unrealized securities gains net of tax                    125            397
--------------------------------------------------------------------------------
         Total stockholders' equity                     137,331        132,645
--------------------------------------------------------------------------------
      Total liabilities and stockholders' equity      $1,982,019     $1,923,822
------------------------------------------------------==========================

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,
                                              --------------    --------------
                                               1998     1997     1998     1997
--------------------------------------------------------------------------------
Interest income:
   Loans                                     $29,494  $28,242  $58,595  $53,919
   Investment securities                       5,366    4,335   10,303    8,814
   Federal funds sold and securities
      purchased under agreements to
      resell, and other                        1,551      300    3,517      996
--------------------------------------------------------------------------------
  Total interest income                       36,411   32,877   72,415   63,729
--------------------------------------------------------------------------------
Interest expense:
   Deposits                                   12,888   12,185   25,458   24,133
   Federal funds purchased and securities
      sold under agreement to repurchase       2,569    1,868    5,185    3,618
   Convertible capital notes                     252      253      504      505
   Subordinated debentures                     1,185        0    2,106        0
   Other borrowings                              375      485      786      946
--------------------------------------------------------------------------------
       Total interest expense                 17,269   14,791   34,039   29,202
--------------------------------------------------------------------------------
       Net interest income                    19,142   18,086   38,376   34,527
Provision for write-down of loans 
   held-for-sale                                   0    4,645        0    4,645
Provision for loan losses                      2,350    2,420    5,950    4,020
--------------------------------------------------------------------------------
       Net interest income after
          provision for loan losses           16,792   11,021   32,426   25,862
--------------------------------------------------------------------------------
Noninterest income:
   Service charges on deposit accounts         2,764    2,497    5,198    4,866
   Wealth management fees                      2,570    1,779    5,142    3,411
   Credit card fees                            2,067    3,230    4,418    6,637
   Securities gains                                0      165      126      165
   Other service charges, fees and income      2,519    2,601    6,580    5,364
--------------------------------------------------------------------------------
       Total noninterest income                9,920   10,272   21,464   20,443
--------------------------------------------------------------------------------
Noninterest expenses:
   Salaries and employee benefits              9,350    8,798   18,549   17,166
   Net occupancy and equipment expense         2,143    2,038    4,292    4,070
   Advertising and promotional activities      1,130    1,029    2,000    2,084
   Data processing expense                       913      824    1,868    1,782
   Supplies                                      612      642    1,209    1,155
   Postage and dispatch                          525      575    1,051    1,144
   Goodwill amortization                         405      403      810      807
   Deposit insurance assessment                   63       61      122       32
   Other                                       3,398    4,085    7,292    7,982
--------------------------------------------------------------------------------
       Total noninterest expenses             18,539   18,455   37,193   36,222
--------------------------------------------------------------------------------
       Income before provision for 
          income taxes                         8,173    2,838   16,697   10,083
Provision for income taxes                     3,736      797    6,878    3,486
--------------------------------------------------------------------------------
       Net income                            $ 4,437  $ 2,041  $ 9,819  $ 6,597
---------------------------------------------===================================
Per share data:
   Basic earnings per share                    $2.05    $0.93    $4.53    $3.00
---------------------------------------------===================================
   Diluted earnings per share                  $1.78    $0.86    $3.94    $2.68
---------------------------------------------===================================
Cash Dividends                                 $0.50    $0.35    $1.00    $0.70
---------------------------------------------===================================

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

                          INTRUST Financial Corporation
                      Consolidated Statements of Cash Flows
                                   (Unaudited)
                            (in thousands of dollars)
                                                            Six Months Ended
                                                                June 30,
                                                          ---------------------
                                                             1998       1997
--------------------------------------------------------------------------------
Cash provided (absorbed) by operating activities:
 Net Income                                               $   9,819  $   6,597
Adjustments to reconcile net income to net
 cash provided by operating activities:
   Provision for loan losses                                  5,950      8,665
   Provision for depreciation and amortization                3,478      3,378
   Amortization of premium and accretion of discount on
         investment securities                                 (552)      (172)
   Gain on sale of investment securities                       (126)      (165)
   Changes in assets and liabilities:
    Loans held for sale                                     (10,318)      (701)
    Prepaid expenses and other assets                           203       (938)
    Income taxes                                              9,287     (1,489)
    Interest receivable                                      (2,052)    (1,518)
    Interest payable                                          3,992      4,383
    Other liabilities                                          (415)    12,661
    Other                                                       (78)        14
--------------------------------------------------------------------------------
     Net cash provided by operating activities               19,188     30,715
--------------------------------------------------------------------------------
Cash provided (absorbed) by investing activities:
   Purchase of investment securities                       (145,098)   (37,795)
   Investment securities matured or called                   89,054     58,859
   Proceeds from sale of investment securities                  161      1,463
   Net increase in loans                                    (45,813)  (140,116)
   Purchases of land, buildings and equipment                (1,819)    (1,875)
   Proceeds from sale of equipment                               17          7
   Proceeds from sale of other real estate 
         and repossessions                                    1,865      1,594
   Other                                                     (2,537)      (854)
--------------------------------------------------------------------------------
     Net cash absorbed by investing activities             (104,170)  (118,717)
--------------------------------------------------------------------------------
Cash provided (absorbed) by financing activities:
   Net increase (decrease) in deposits                      (35,859)     7,837
   Net increase in short-term borrowings                     35,594     45,651
   Proceeds from notes payable                                    0      4,000
   Payments on notes payable                                 (8,000)         0
   Retirement of convertible capital notes                      (23)         0
   Proceeds from subordinated debentures                     57,500          0
   Cash dividends                                            (2,171)    (1,542)
   Purchase of treasury stock                                (2,742)      (247)
--------------------------------------------------------------------------------
     Net cash provided by financing activities               44,299     55,699
--------------------------------------------------------------------------------
       Decrease in cash and cash equivalents                (40,683)   (32,303)

Cash and cash equivalents at beginning of period            261,109    185,104
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period                $ 220,426  $ 152,801
----------------------------------------------------------======================
Supplemental disclosures
   Interest paid                                            $30,047    $24,819
   Income tax paid (refunded)                               $(2,409)   $ 4,975

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  1997  INTRUST
Financial  Corporation  Annual  Report on Form  10-K.  Reference  is made to the
"Notes to Consolidated  Financial Statements" under Item 8 of the 1997 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, 1998 and 1997 (in thousands):

                                                         1998          1997
                                                       -------       -------
      Balance, January 1                               $17,932       $15,536
      Additions:
           Provision for loan losses                     5,950         4,020
                                                       -------       -------
                                                        23,882        19,556
      Deductions:
           Loans charged off                             4,347         3,670
           Less recoveries on loans
               previously charged off                      807           829
                                                       -------       -------
           Net loan losses                               3,540         2,841
                                                       -------       -------
      Balance, June 30                                 $20,342       $16,715
                                                       =======       =======

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 $609,000 at June 30, 1998 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
    -------------------------------

Basic earnings per share is computed  based upon the weighted  average number of
shares  outstanding.  Diluted  earnings per share includes  shares issuable upon
exercise  of stock  options  and assumes  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 following is a reconciliation of the numerators and denominators of
basic and diluted earnings per share:
                                                             Six Months Ended
                                                                 June 30,
--------------------------------------------------------------------------------
                                                             1998       1997
--------------------------------------------------------------------------------
Net income for basic earnings per share                     $ 9,819     $6,597
Interest expense on convertible debt, net of taxes              328        328
--------------------------------------------------------------------------------
Net income for diluted earnings per share                   $10,147     $6,925
------------------------------------------------------------====================

Weighted average shares for basic earnings per share      2,166,287  2,201,646
Shares issuable upon exercise of stock options               32,561      4,280
Shares issuable upon conversion of capital notes            373,605    373,967
--------------------------------------------------------------------------------
Weighted average shares for diluted earnings per share    2,572,453  2,579,893
----------------------------------------------------------======================

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 followed by the Company.

4.  COMPREHENSIVE INCOME
    --------------------

The Company has adopted SFAS No. 130 which  establishes  standards for reporting
and display of  comprehensive  income and its  components  (revenues,  expenses,
gains and  losses) in a full set of  general-purpose  financial  statements.  It
requires that an enterprise (a) classify items of other comprehensive  income by
their nature in a financial statement and (b) display the accumulated balance of
other comprehensive income separately from retained earnings and capital surplus
in the equity section of a statement of financial condition.

Total  comprehensive  income for the  periods  ending June 30, 1998 and 1997 was
$9,547 and $6,997 respectively.


<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,  1998 was  $9,819,000,  increasing  48.8% over 1997's net
income for the comparable  period. As noted in previous  filings,  1997 earnings
were negatively  impacted by an additional  write-down of the Company's national
credit card portfolio in the second  quarter.  That  portfolio was  subsequently
sold in the third quarter of 1997. There have been no similar charges in 1998.

Second  quarter  earnings of  $4,437,000  declined  $945,000  from first quarter
levels.  The majority of this decline is attributable to changes in Kansas state
tax law enacted in the second quarter. These changes were required to be applied
retroactively to January 1, 1998 and resulted in the recording of a nonrecurring
charge in the second quarter of approximately  $700,000.  Two other factors that
affect the comparability of the first and second quarter net income amounts were
the previously  reported first quarter sale of the Company's  national  merchant
processing  business and a reduction in the second quarter's  provision for loan
losses.

NET INTEREST INCOME.  The Company's second quarter net interest income increased
$1,056,000, or 5.8%, over prior year levels. The increase in net interest income
is  volume-related,  as the Company  continues to experience  compression in its
interest margin. Average  interest-earning assets for the quarter ended June 30,
1998 were  approximately  13% higher than  comparable 1997 amounts and increased
1.7% over first quarter,  1998 totals. Total loans exceeded $1.3 billion at June
30, and were $46 million higher than the  comparable  total at March 31. Average
interest-bearing  liabilities  increased  1.3% over prior  quarter  levels.  The
Company  continues to experience growth in its total number of deposit accounts,
and total  deposits at June 30, 1998 were 5.6% higher than they were at June 30,
1997.  In  addition to its efforts to  increase  its deposit  base,  the Company
continues to evaluate alternative funding sources.

Yields on average  interest-earning assets for the first six months of 1998 were
little-changed  from 1997 levels.  1998 yields were 8.22%,  compared to 8.24% in
1997.  Second  quarter  1998  yields did  decline  four basis  points from first
quarter levels, as proceeds from maturing investment  securities were reinvested
at somewhat lower interest  rates and the market for lending  activity  remained
very competitive.

Funding  costs  have  increased  this  year,  with the cost of  interest-bearing
liabilities  for the first half of the year  rising six basis  points  from 1997
levels.  Second quarter,  1998 funding costs were seven basis points higher than
comparable first quarter amounts.  Approximately 30% of this increase in funding
costs is attributable  to the impact on interest  expense of the Company's trust
preferred  issuance.  The  Company  continues  to operate in a very  competitive
market,  and  anticipates  that it will  continue  to  confront  pressure on its
interest margins throughout the remainder of the year.

PROVISION  FOR LOAN LOSSES.  The  provision for loan losses for the three months
ended June 30, 1998 was $2,350,000, compared to a provision of $3,600,000 in the
first  quarter  of 1998 and  $2,420,000  in the  second  quarter  of  1997.  Net
charge-offs  were  $1,747,000  in the  quarter  ended June 30,  1998,  declining
slightly  from the  first  quarter,  1998  amount  of  $1,793,000.  The  Company
continues  to  build  its  allowance  for  loan  losses  in  recognition  of the
significant growth it has experienced in its loan portfolio.

The Company's  allowance for loan losses has increased  21.7% over June 30, 1997
levels,  to  $20,342,000.  Average  loans  during  this  same time  period  have
increased 11.2%. At June 30, 1998, the allowance for loan losses as a percentage
of loans was 1.56%.  Comparable  percentages  at December  31, 1997 and June 30,
1997 were 1.42% and 1.36%, respectively.
<PAGE>

Summary of Loan Loss Experience
================================================================================
                                                               June 30,
                                                           1998        1997
--------------------------------------------------------------------------------
Amount of loans at period-end                           $1,303,349  $1,224,980
--------------------------------------------------------========================
YTD Average loans outstanding                           $1,270,926  $1,142,654
--------------------------------------------------------========================
Beginning balance of allowance for loan losses             $17,932     $15,536

Loans charged-off
   Commercial, Financial and Agricultural                      743         927
   Real Estate-Mortgage                                          0          19
   Credit Card                                               2,600       1,825
   Installment                                               1,004         914
--------------------------------------------------------------------------------
Total loans charged off                                      4,347       3,670
--------------------------------------------------------------------------------
Recoveries on charge-offs
   Commercial, Financial and Agricultural                      195         357
   Real Estate-Mortgage                                          8          19
   Credit Card                                                 430         315
   Installment                                                 174         138
--------------------------------------------------------------------------------
Total recoveries                                               807         829
--------------------------------------------------------------------------------
Net loans charged off                                        3,540       2,841

Provision charged to expense                                 5,950       4,020
--------------------------------------------------------------------------------
Ending balance of allowance for loan losses                $20,342     $16,715
-----------------------------------------------------------=====================
Net charge-offs/average loans                                0.28%       0.25%
-----------------------------------------------------------=====================
Allowance for loan losses/loans at period-end                1.56%       1.36%
-----------------------------------------------------------=====================

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

                                            June 30, 1998    December 31, 1997
--------------------------------------------------------------------------------
                                                    Percent             Percent
                                           Amount  of Total   Amount   of Total
--------------------------------------------------------------------------------
Commercial, Financial and Agricultural   $  651,399   50.0%  $  623,707   49.4%
Real Estate-Construction                     30,302    2.3       29,179    2.3
Real Estate-Mortgage                        239,617   18.4      230,133   18.2
Installment, excluding credit card          272,572   20.9      259,074   20.5
Credit card                                 109,459    8.4      120,366    9.6
--------------------------------------------------------------------------------
  Subtotal                               $1,303,349  100.0%   1,262,459  100.0%
Allowance for loan losses                   (20,342)            (17,932)
--------------------------------------------------------------------------------
                                         $1,283,007          $1,244,527
-----------------------------------------=======================================

Loans  considered  risk  elements  declined  15%  in  the  second  quarter,  and
represented  .37% of total  loans  at June  30,  1998.  At June  30,  1998,  the
Company's  allowance for loan losses was equal to 417% of those loans considered
risk elements.  Comparable  amounts at March 31, 1998 and December 31, 1997 were
342% and 266%, respectively.  While the Company anticipates some increase in its
1998  provision for loan losses  arising from growth in loan volumes  during the
second half of 1998, it does not expect a significant change from 1997 levels.


                                                 June 30,      December 31,
                                                   1998            1997
--------------------------------------------------------------------------------
      Loan Categories
           Nonaccrual Loans                       $4,145          $4,618
           Past Due 90 days or more                  735           2,120
--------------------------------------------------------------------------------
      Total                                       $4,880          $6,738
--------------------------------------------------==============================

LIQUIDITY AND CAPITAL  RESOURCES.  The Company  considered  its liquidity  level
adequate at June 30, 1998.  Continued  growth in the Company's  loan  portfolio,
combined  with a reduction  in deposit  levels  arising from  seasonal  factors,
resulted in the Company's net loan/deposit  ratio at June 30, 1988 increasing to
86.3%.  The  comparable  prior year ratio was 88.5%.  The Company  continues  to
maintain an  investment  portfolio  with a  relatively  short  weighted  average
maturity. At June 30, 1998, 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,  1998,  it has the  ability  and  intent to hold to
maturity  all  securities  in  the  portfolio  that  have  been   classified  as
held-to-maturity.  With the  increases the Company is  experiencing  in its loan
portfolio,  the Company  began in 1998 to classify  purchases  of United  States
government and agency  securities as  available-for-sale.  The Company  believes
that it has a variety  of  sources  of  additional  liquidity  available.  These
include,  but are not  limited  to,  the  following:  securities  classified  as
available-for-sale,  the  regularly  scheduled  maturities  of those  securities
presently held in its investment  portfolio,  the  securitization of credit card
receivables,  the ability to securitize  other  receivables,  such as automobile
loans, and federal funds lines available  through other financial  institutions.
The  Company  believes  these  sources  provide  sufficient  liquidity  to  meet
depositors' needs and make available lendable funds within its service area.

As  disclosed  in the  March  31,  1998  Form  10-Q,  the  Company  completed  a
$57,500,000  offering of trust  preferred  securities  in January,  1998.  These
preferred  securities  are considered  capital for  regulatory  purposes but are
classified as indebtedness for financial reporting and income tax purposes.

The  Company's  capital  position   substantially   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, 1998, the Company's total capital to risk-weighted  assets ratio was
13.1% and its Tier 1 capital to risk-weighted assets ratio was 8.6%.

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  declined
$352,000,  or 3.4% from prior year  levels,  and was  $1,624,000  less than that
recognized  in  the  first   quarter.   The   quarter-over-quarter   decline  is
attributable  to the  nonrecurring  $1.5 million gain recorded by the Company in
the first  quarter  arising  from the sale of its national  merchant  processing
business.  As noted in previous filings, the Company believes its efforts can be
more effective if focused on its regional trade  territory,  and elected to sell
its national merchant processing  business.  The year-over-year  decline results
from  the  amortization  of one  of the  Company's  credit  card  securitization
transactions in 1997 and to the nonrecurring fees received in 1997 for servicing
the national credit card portfolio.

Service charges on deposit accounts  increased 10.7% over prior year levels, and
increased  13.6%  over  comparable  first  quarter  amounts.  Expansion  in  the
Company's  product lines and delivery  systems has afforded  continued growth in
the number of deposit  accounts served,  particularly in the commercial  account
area.

As discussed in previous filings,  the Company has  substantially  increased its
investment in the wealth management area. Quarterly fee income generated by this
line of business was $2,570,000, increasing 44.5% over prior year levels. Assets
under management in the Company's wealth  management area now exceed $2 billion.
Securities  gains in the first  quarter  were the result of the sale of stock in
accordance with a previously executed contractual agreement. There were no sales
of securities in the second quarter.

Credit card fees in the second  quarter were 36% lower than 1997 levels and were
$284,000 less than the amount recorded in the first quarter. As noted above, the
amortization of one of the Company's securitization  transactions in 1997 is the
principal reason for the difference in the year-over-year  amounts.  The decline
in credit card fees in the second quarter this year is  attributable to seasonal
factors  associated  with volume  levels.  Holiday  purchases  usually result in
higher volumes for both merchant and cardholder activity in the first quarter of
the year.

Other service charges, fees and income declined modestly from the same period of
the preceding  year and were  $1,542,000  less than first quarter  amounts.  The
quarterly change resulted from the aforementioned  sale of the national merchant
processing  business  in the first  quarter.  The  year-over-year  change in the
second quarter amounts is due to various factors.  The decline in processing fee
revenue arising from the sale of the national credit card portfolio in the third
quarter of 1997  resulted in the Company  recording a lesser level of fee income
in 1998.  This  reduction  in  revenue  was  substantially  offset by fee income
generated by the Company's  securitization and sale of approximately $45 million
in automobile  loans in December,  1997 and a higher sales level of  alternative
investment products.

Total  noninterest  expenses  in the second  quarter  were  little-changed  from
comparable  prior year levels and first  quarter,  1998  amounts.  Increases  in
salaries and employee benefits were offset by declines in credit card processing
costs.  Salaries and  employee  benefits  increased  6.3% over  comparable  1997
amounts.  This increase is due  principally  to wage  pressures and increases in
benefit  costs,  as  employment  levels at June 30, 1998 were slightly less than
they were a year ago. At June 30, 1998, the Company had 896 full-time equivalent
employees  compared  to 904 at June 30,  1997.  As noted  in  previous  filings,
unemployment in the Company's principal market is quite low, and competition for
personnel is significant. Also, after two years of modest increases, health care
costs have increased at double-digit rates.  Increases in this benefit area were
responsible for approximately 15% of the total increase in salaries and employee
benefits.

Second quarter other noninterest  expenses declined 16.8% from prior year levels
and were 12.7% less than those  recorded in the first  quarter.  The change from
1997 levels is due primarily to a reduction in net credit card processing costs,
as the sale of the national  credit card  portfolio in the third quarter of 1997
resulted in a  substantial  decrease in the volume of accounts  processed by the
Company.  The Company is also experiencing a reduction in net interchange costs,
as  debit  card  usage  increases  and  a  higher   percentage  of  credit  card
transactions are being conducted in the Company's trade  territory.  While these
factors also  impacted  1998  quarterly  results,  the Company also  experienced
second quarter cost reductions in its item processing costs and costs associated
with the disposition of repossessed assets.

Quarterly net occupancy and equipment  costs continue to be slightly higher than
1997 levels,  as the Company  continues to invest in  technology  equipment  and
upgrades its electronic  delivery  systems.  Advertising and  promotional  costs
increased  in the second  quarter as  anticipated  and as discussed in the prior
quarter  Form 10-Q.  Changes in other  noninterest  expense  line items were not
significant.


YEAR 2000  ISSUES.  As described  in previous  filings,  the Company is actively
engaged  in  efforts to assess the  impact of the  inability  of  existing  data
processing  hardware and software to recognize  calendar dates  beginning in the
year 2000. The Company  outsources its principal data  processing  activities to
third  party  vendors,  and  all  significant  software  applications  are  also
purchased from third parties.  These  outsourced  systems include its core loan,
deposit,  credit card,  trust and general ledger systems.  The Company  believes
that its vendors are actively  addressing  the "Year 2000" issue.  The Company's
"Year 2000" project team is actively engaged in the development,  monitoring and
updating of business unit  workplans.  The Company  believes its efforts in this
area are presently on schedule.  The assessment phase for the Company's critical
data processing systems has been completed,  and the Company is working with its
principal  vendors on the testing phase of its plan.  While the Company does not
expect that its "Year 200" efforts will have a material  impact on its financial
position or its results of operations,  it does believe that "Year 2000" efforts
will delay its  ability to  implement  system  enhancements  that would  provide
increased efficiencies. In addition, the failure of bank customers to adequately
prepare for "Year 2000" compatibility could have a significant adverse effect on
such customer's operations and profitability,  thereby impacting that customer's
ability to repay loans in accordance with their terms. The Company continues its
progress in  contacting  and  surveying  its customer  base on their "Year 2000"
efforts.  It  anticipates  that  this  process  will be  completed  in the third
quarter. While survey results to date have generally been favorable,  until more
information  has been  obtained  to enable  the  Company to assess the degree to
which  customer's  operations are susceptible to potential "Year 2000" problems,
the Company  will be unable to quantify the  potential  for losses from loans to
its commercial customers.


NEW ACCOUNTING STANDARDS.  Statement of Financial Accounting Standards No. 131,
which is effective for fiscal years beginning after December 15, 1997,  requires
additional disclosure information with regard to business segments.

Statement  of  Financial   Accounting   Standards  No.  132  revises  employers'
disclosures about pension and other  postretirement  benefit plans effective for
fiscal  years  beginning  after  December  15,  1997.  It does  not  change  the
measurement or recognition of those plans.

Statement of Financial Accounting  Standards No. 133 establishes  accounting and
reporting  standards for derivative  instruments,  including certain  derivative
instruments  embedded  in  other  contracts  and for  hedging  activities.  This
Statement is effective for all fiscal  quarters of fiscal years  beginning after
June 15, 1999.

The Company does not  anticipate  that  adoption of any of the above  Statements
will have a material 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 14, 1998                      By: /s/ C.Q. Chandler IV
                                               ---------------------
                                               C. Q. Chandler IV
                                               President
                                               (Principal Executive Officer)




Date:  August 14, 1998                      By: /s/ Jay L. Smith
                                               -----------------
                                               Jay L. Smith
                                               Chief Financial Officer
                                               (Principal Accounting Officer)



<PAGE>


                                  EXHIBIT INDEX



Number                   Description
------                   -----------
  27                     Financial Data Schedule