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 March 31, 2002

                                       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 April 23, 2002, there were 2,339,293 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)

                                                        March 31,   December 31,
Assets                                                    2002         2001
--------------------------------------------------------------------------------
Cash and cash equivalents:
   Cash and due from banks                             $   96,004    $  159,708
    Federal funds sold                                     64,070        78,300
--------------------------------------------------------------------------------
        Total cash and cash equivalents                   160,074       238,008
--------------------------------------------------------------------------------
Investment securities:
   Held-to-maturity (fair value, $27,619 for 2002
      and $30,106 for 2001)                                27,109        29,538
   Available-for-sale, at fair value                      455,888       417,738
--------------------------------------------------------------------------------
        Total investment securities                       482,997       447,276
--------------------------------------------------------------------------------
Loans held-for-sale                                           432         4,876
Loans, net of allowance for loan losses of $27,887
   in 2002 and $25,904 in 2001                          1,759,817     1,743,838
Land, buildings and equipment, net                         47,327        47,794
Intangible assets                                          26,651        27,135
Other assets                                               44,096        46,570
--------------------------------------------------------------------------------
      Total assets                                     $2,521,394    $2,555,497
-------------------------------------------------------=========================

Liabilities and Stockholders' Equity
--------------------------------------------------------------------------------
   Deposits                                            $1,934,184    $1,969,137
   Short-term borrowings:
      Federal funds purchased and securities sold
        under agreements to repurchase                    288,303       289,991
      Other                                                 7,312         9,357
--------------------------------------------------------------------------------
        Total short-term borrowings                       295,615       299,348
--------------------------------------------------------------------------------

   Accounts payable and accrued liabilities                38,177        35,766
   Notes payable                                            5,000         5,000
   Guaranteed preferred beneficial interests in the
      Company's subordinated debentures                    57,500        57,500
--------------------------------------------------------------------------------
          Total liabilities                             2,330,476     2,366,751
--------------------------------------------------------------------------------

Stockholders' equity:
   Common stock, $5 par value; 10,000,000 shares
     authorized, 2,783,650 shares issued
     in 2002 and 2001                                      13,918        13,918
   Capital surplus                                         21,725        21,725
   Retained earnings                                      198,253       193,675
   Treasury stock, at cost (444,206 shares in 2002
     and 440,466 shares in 2001)                          (43,493)      (43,002)
   Accumulated other comprehensive income, net of tax         515         2,430
--------------------------------------------------------------------------------
          Total stockholders' equity                      190,918       188,746
--------------------------------------------------------------------------------
      Total liabilities and stockholders' equity       $2,521,394    $2,555,497
-------------------------------------------------------=========================

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


<PAGE>



                          INTRUST Financial Corporation
      Consolidated Condensed Statements of Income and Comprehensive Income
            (Unaudited - dollars in thousands except per share data)

                                                                Three Months
                                                               Ended March 31,
                                                             -------------------
                                                               2002       2001
--------------------------------------------------------------------------------
Interest income:
   Loans                                                     $28,043    $39,077
   Investment securities                                       5,543      6,830
   Federal funds sold and other                                  393        445
--------------------------------------------------------------------------------
       Total interest income                                  33,979     46,352
--------------------------------------------------------------------------------
Interest expense:
   Deposits                                                    9,969     16,292
   Federal funds purchased and securities sold under
      agreement to repurchase                                    782      4,058
   Subordinated debentures                                     1,185      1,184
   Other borrowings                                               62        281
--------------------------------------------------------------------------------
       Total interest expense                                 11,998     21,815
--------------------------------------------------------------------------------
       Net interest income                                    21,981     24,537
Provision for loan losses                                      3,000      2,670
--------------------------------------------------------------------------------
       Net interest income after provision for loan losses    18,981     21,867
--------------------------------------------------------------------------------
Noninterest income:
   Service charges on deposit accounts                         4,674      3,679
   Fiduciary income                                            2,896      2,983
   Credit card fees                                            2,177      2,837
   Other service charges, fees and income                      4,138      3,584
--------------------------------------------------------------------------------
       Total noninterest income                               13,885     13,083
--------------------------------------------------------------------------------
Noninterest expenses:
   Salaries and employee benefits                             11,942     11,689
   Net occupancy and equipment expense                         3,165      3,251
   Professional services                                       1,730        792
   Data processing expense                                     1,245      1,423
   Advertising and promotional activities                        964      1,052
   Postage and dispatch                                          604        760
   Supplies                                                      576        676
   Goodwill amortization                                         265        610
   Intangible assets amortization                                219        250
   Other                                                       2,101      2,357
--------------------------------------------------------------------------------
       Total noninterest expense                              22,811     22,860
--------------------------------------------------------------------------------
       Income before provision for income taxes               10,055     12,090
Provision for income taxes                                     3,602      4,700
--------------------------------------------------------------------------------
       Net income                                              6,453      7,390
Other comprehensive income (loss) - unrealized
   gains (losses) on securities                               (1,915)     1,676
--------------------------------------------------------------------------------
       Comprehensive income                                  $ 4,538    $ 9,066
-------------------------------------------------------------===================
Per share data:
   Basic earnings per share                                    $2.76      $3.15
-------------------------------------------------------------===================
   Diluted earnings per share                                  $2.73      $3.12
-------------------------------------------------------------===================
Cash dividends per share                                       $0.80      $0.80
-------------------------------------------------------------===================

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)
                                                            Three Months Ended
                                                                  March 31,
                                                          ----------------------
                                                              2002       2001
--------------------------------------------------------------------------------
Cash provided (absorbed) by operating activities:
 Net income                                               $   6,453   $   7,390
Adjustments to reconcile net income to net
 cash provided by operating activities:
   Provision for loan losses                                  3,000       2,670
   Provision for depreciation and amortization                2,253       2,447
   Amortization of premium and accretion of discount on
         investment securities                                  514      (1,153)
   Originations of loans held-for-sale                      (18,446)    (13,482)
   Proceeds from sales of loans held-for-sale                22,890      12,255
   Changes in assets and liabilities:
    Prepaid expenses and other assets                         1,448        (618)
    Income taxes                                              3,602       4,867
    Interest receivable                                        (255)        123
    Interest payable                                          1,922       1,384
    Other liabilities                                          (568)     (1,096)
    Other                                                        24          (9)
--------------------------------------------------------------------------------
     Net cash provided by operating activities               22,837      14,778
--------------------------------------------------------------------------------
Cash provided (absorbed) by investing activities:
   Purchase of investment securities                       (136,780)   (159,948)
   Investment securities matured or called                   95,911     147,380
   Proceeds from sale of investment securities
     available for sale                                       1,440       2,335
   Net increase in loans                                    (19,296)    (58,542)
   Purchases of land, buildings and equipment                (1,046)     (2,649)
   Proceeds from sale of equipment                               14          14
   Proceeds from sale of other real estate
     and repossessions                                          382         681
   Other                                                       (344)        (13)
--------------------------------------------------------------------------------
     Net cash absorbed by investing activities              (59,719)    (70,742)
--------------------------------------------------------------------------------
Cash provided (absorbed) by financing activities:
   Net increase (decrease) in deposits                      (34,953)     46,521
   Net increase (decrease) in short-term borrowings          (3,733)     10,114
   Cash dividends                                            (1,875)     (1,882)
   Purchase of treasury stock                                  (491)       (885)
--------------------------------------------------------------------------------
     Net cash provided (absorbed) by financing activities   (41,052)     53,868
--------------------------------------------------------------------------------

       Decrease in cash and cash equivalents                (77,934)     (2,096)

Cash and cash equivalents at beginning of period            238,008     132,535
--------------------------------------------------------------------------------

Cash and cash equivalents at end of period                $ 160,074   $ 130,439
----------------------------------------------------------======================

Supplemental disclosures
   Interest paid                                             $10,076    $20,431
   Income tax paid (refunded)                                $     0    $  (167)

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


<PAGE>


                          INTRUST Financial Corporation
              Notes to Consolidated Condensed Financial Statements
                                   (Unaudited)


1.  Principles of Consolidation and Presentation
    --------------------------------------------

The  accompanying   consolidated  condensed  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  condensed 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  2001  INTRUST
Financial  Corporation  Annual  Report on Form  10-K,  except  that the  Company
adopted Statement of Financial  Accounting  Standards ("SFAS") No. 142 "Goodwill
and Other  Intangible  Assets" as of January  1,  2002.  SFAS No. 142  generally
provides  that  goodwill  will no longer be  amortized,  but does  require  that
goodwill be assessed for impairment  (see footnote 5).  Reference is made to the
"Notes to Consolidated  Financial Statements" under Item 8 of the 2001 Form 10-K
for additional disclosure.


2.  Allowance for Loan Losses
    -------------------------

The following is a summary of the allowance for loan losses for the three months
ended March 31, 2002 and 2001 (in thousands):

                                                            2002          2001
--------------------------------------------------------------------------------
Balance, January 1                                        $25,904       $28,972
Additions:
  Provision for loan losses                                 3,000         2,670
--------------------------------------------------------------------------------
                                                           28,904        31,642
Deductions:
  Loans charged off                                         1,915         2,002
  Less recoveries on loans
      previously charged off                                  898           845
--------------------------------------------------------------------------------
  Net loan losses                                           1,017         1,157
--------------------------------------------------------------------------------
Balance, March 31                                         $27,887       $30,485
----------------------------------------------------------======================

The following table discloses information about the recorded investment in loans
that the Company has classified as impaired (in thousands of dollars):

              (A)              (B)                (C)              (D)
                     Amount in (A) for Which   Allowance    Amount in (A) for
             Total      There Is a Related     Associated   Which There Is No
           Impaired    Allowance for Loan     With Amounts  Related Allowance
March 31     Loans          Losses               in (B)      for Loan Losses
--------   --------  -----------------------  ------------  -----------------
  2002     $17,477         $17,192               $5,194               $285
  2001     $ 2,052         $ 2,052               $  819               $  0

The average  recorded  investment  in impaired  loans for the three months ended
March 31, 2002 and 2001, was $17,677,000 and $2,187,000,  respectively. Interest
payments  received on impaired  loans are  recorded  as interest  income  unless
collection  of the  remaining  recorded  investment  is doubtful,  at which time
payments  received  are  recorded as  reductions  of  principal.  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.  The following is a reconciliation  of the numerators
and denominators of basic and diluted earnings per share:

                                                             Three Months Ended
                                                                  March 31
--------------------------------------------------------------------------------
                                                             2002          2001
--------------------------------------------------------------------------------

Net income for earnings per share (in thousands of dollars)    $6,453     $7,390
------------------------------------------------------------====================

Weighted average shares for basic earnings per share        2,341,318  2,348,677
Shares issuable upon exercise of stock options                 20,604     22,322
--------------------------------------------------------------------------------
Weighted average shares for diluted earnings per share      2,361,922  2,370,999
------------------------------------------------------------====================


4.  Segment Reporting
    -----------------

Listed below is a presentation  of revenues and profits for all segments.  Taxes
are  not  allocated  to  segment  operations,  and  the  Company  did  not  have
discontinued  operations,  extraordinary  items or accounting changes for any of
the segments.  There has been no material change in the measurement of profit or
loss since the last annual report. However, as a result of merging the Company's
Oklahoma  subsidiary,  Will Rogers Bank,  into  INTRUST  Bank,  N. A.,  Oklahoma
operations  that were previously  reported in the community  banking segment are
now allocated to remaining  segments and the  corporate  nonsegment  level.  The
community banking segment has, therefore, been eliminated. The following segment
information, for 2001, has been  restated to reflect  this change.

                                                              Three Months Ended
                                                                   March 31,
  (in thousands of dollars)                                      2002     2001
  ------------------------------------------------------------------------------
  Revenues from external customers
     Consumer banking                                          $19,526  $20,938
     Commercial banking                                         13,737   12,999
     Wealth management                                           3,808    3,709

  Intercompany revenues
     Consumer banking                                          $   (34)     (16)
     Commercial banking                                              0        0
     Wealth management                                             130      131

  Segment profit
     Consumer banking                                          $ 3,177  $ 5,084
     Commercial banking                                          8,260    7,696
     Wealth management                                             203      416
  ------------------------------------------------------------------------------
       Profit from segments                                     11,640   13,196
       Expenses at corporate level not allocated to segments    (1,585)  (1,106)
  ------------------------------------------------------------------------------
       Consolidated income before provision for income taxes   $10,055  $12,090
  -------------------------------------------------------------=================


5.  Intangible Assets
    -----------------

At March  31,  2002 the  company  had  recorded  intangible  asset  balances  of
$26,651,000 on its statement of financial condition. This amount is comprised of
the following components:

SFAS No. 72 goodwill                                                $12,487,000
Other goodwill                                                        8,392,000
Credit card royalty costs                                             5,772,000
--------------------------------------------------------------------------------
                                                                    $26,651,000
--------------------------------------------------------------------============

SFAS No.72 goodwill  primarily  represents excess purchase price incurred in the
company's  acquisition of certain branches of another  financial  institution in
September  1999. In accordance  with the provisions of SFAS No. 142 and SFAS No.
72, the company continues to amortize this goodwill over a fifteen-year  period.
Approximately  $4,800,000  of the SFAS No. 72  goodwill  is assigned to branches
that are presently being marketed by the Company - see footnote 6. This goodwill
will be considered as part of the carrying cost of net assets in determining the
gain or loss on  disposition  of the  branches  if and when these  branches  are
ultimately sold.

The credit card royalty costs represent  advance payments made by the Company to
certain  affinity groups in order to obtain  exclusive  marketing  rights to the
members  of those  groups  for an  extended  period  of time.  These  costs  are
amortized over the life of the contract.

The other goodwill amount of $8,392,000  represents  goodwill  acquired in prior
purchase  business   combinations.   This  goodwill  is  subject  to  impairment
evaluation  in  accordance  with the  provisions  of SFAS No.  142.  The Company
performed this  assessment in the first quarter of 2002.  The Company  presently
has a market  capitalization of approximately  $300,000,000 based on the current
market price of its common stock. The Company's net book value at March 31, 2002
was  $190,918,000.  The Company evaluated the $8,392,000 of goodwill relative to
its excess market  valuation of  $109,000,000  and determined that no impairment
loss existed at March 31, 2002.  SFAS No. 142 requires  that  goodwill be pushed
down to each reporting unit for purposes of impairment valuation.

The Company has determined that its operating segments  constitute its reporting
units.  The  consumer  banking  segment is  comprised  of the  Company's  retail
branches,  consumer lending and credit card operations.  The commercial  banking
segment consists of those areas of the Company that provide  commercial  lending
services and other commercial  banking products.  The wealth management  segment
provides personal and institutional trust and support services. After performing
the initial analysis of the expected cash flows from each of the reporting units
and comparing  these  expected  cash flows to the amount of goodwill  subject to
impairment  valuation,  the Company believes that allocating  goodwill among its
three reporting units will not enhance the analysis of financial information and
related disclosures.

The Financial  Accounting  Standards Board ("FASB") presently has a narrow scope
project underway to review the accounting  treatment associated with SFAS No. 72
goodwill.  Based on the current  project plan, an exposure draft is to be issued
in the second quarter of 2002,  with issuance of a final  Statement  expected in
the fourth quarter.  The Company is uncertain of the financial statement effect,
if any, that would result from adoption of this proposed Statement.

                                                       As of March 31, 2002
                                                   Gross Carrying   Accumulated
(in thousands of dollars)                              Amount       Amortization
--------------------------------------------------------------------------------
Amortized Intangible Assets
   Credit card royalty costs                          $ 9,392          $3,620
   SFAS No. 72 goodwill                                15,438           2,951
--------------------------------------------------------------------------------
   Total                                              $24,830          $6,571
---------------------------------------------------=============================

Aggregate Amortization Expense:
   For the period ended March 31, 2002                                   $484

Estimated Amortization Expense:
   For the year ended December 31, 2002                                $1,989
   For the year ended December 31, 2003                                $1,936
   For the year ended December 31, 2004                                $1,881
   For the year ended December 31, 2005                                $1,793
   For the year ended December 31, 2006                                $1,685
   For the year ended December 31, 2007                                $1,618

Goodwill
The carrying amount of goodwill for the period ended March 31, 2002 is
$8,392,000. There were no changes in the carrying amount of goodwill during the
quarter ended March 31, 2002.

Goodwill - Adoption of Statement 142
                                                  For the Period Ended March 31,
(dollars in thousands except per share data)          2002               2001
--------------------------------------------------------------------------------
Net income                                           $6,453             $7,390
Add back goodwill amortization                         ---                 326
--------------------------------------------------------------------------------
Adjusted net income                                  $6,453             $7,716
--------------------------------------------------==============================

Basic earnings per share:
Net income                                            $2.76              $3.15
Goodwill amortization                                  ---                 .14
--------------------------------------------------------------------------------
Adjusted net income                                   $2.76              $3.29
--------------------------------------------------==============================

Diluted earnings per share:
Net income                                            $2.73               $3.12
Goodwill amortization                                  ---                  .13
--------------------------------------------------------------------------------
Adjusted net income                                   $2.73               $3.25
--------------------------------------------------==============================


6.  Proposed Branch Divestiture
    ---------------------------

On April 17, 2002 one of the Company's  subsidiaries  announced its intention to
sell seven branch banking facilities. Total deposits at these branches aggregate
approximately  $125  million.  The  Company  anticipates  that the sale of these
branches  would be  concluded  in the third  quarter,  subject to the receipt of
acceptable offers and the satisfaction of regulatory requirements.

<PAGE>

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS


Unaudited consolidated net income of INTRUST Financial Corporation for the three
months  ended  March  31,  2002 was  $6,453,000,  a  decline  of 12.7%  from the
comparable  prior  amount.  The  extremely  low interest  rate  environment  has
negatively  affected the Company's net interest income, and the general weakness
in the economy has resulted in a  year-over-year  increase in the  provision for
loan losses. First quarter 2002 net income did however, increase $1,461,000 over
fourth quarter 2001 levels.

NET INTEREST INCOME
As has been  discussed  in previous  filings,  the  unprecedented  easing by the
Federal  Reserve in 2001 has  negatively  impacted  the  Company's  net interest
income. The Company's balance sheet is structured such that the dollar amount of
assets that  reprice in a twelve  month  period is only  slightly  less than the
dollar amount of liabilities  that are subject to repricing in that same period.
Over the last year, both assets and liabilities have repriced downward,  but the
interest  margin  has  experienced   compression  as  competitive  factors  have
prevented the Company from reducing rates on its interest-bearing liabilities to
the same degree that rates on earning assets have declined. This has resulted in
the Company recording a year-over-year  decline in the yield on interest-earning
assets of 264 basis points,  while the cost of interest-bearing  liabilities has
fallen 209 basis points over the same period.

The income  statement  effect of this  compression in the interest  margin was a
year-over-year  reduction in first  quarter net interest  income of  $2,556,000.
Interest  income of $33,979,000 was recorded in the first quarter of the current
year.  This is a decline of $2,766,000  from the amount recorded in the previous
quarter and a reduction  of  $12,373,000  from the same period last year.  First
quarter average  interest-earning  assets have increased approximately 4.3% over
the comparable period of 2001.  Approximately  one-fourth of the increase is due
to the  termination  of the Company's  credit card  securitization  and bringing
those outstanding  receivable balances back on the balance sheet.  However,  the
increase  in  interest   income   attributable   to  this  volume   increase  is
significantly  less than the decrease resulting from a 264 basis point reduction
in the yield on over $2 billion in earning  assets.  The overall  composition of
interest-earning  assets has changed  modestly over the last twelve months.  The
slowing of the economy has resulted in a moderation in the rate of growth in the
Company's loan  portfolio.  Loans  comprised  75.6% of average  interest-earning
assets in the current quarter. The comparable percentage in the first quarter of
2001 was 78.2%.  As loans  typically  carry a higher-rate of interest than other
interest-earning  assets, having a smaller percentage of interest-earning assets
comprised  of loans does serve to reduce the overall  yield on  interest-earning
assets.

As noted above,  funding costs have also  declined over the last year,  but by a
lesser  amount  than  the  yield on  earning  assets.  Average  interest-bearing
liabilities  increased  2.17% over  comparable  prior year levels,  resulting in
increased interest expense of approximately  $250,000. This was more than offset
by the 209 basis point decline in the quarterly  cost of funds,  which served to
reduce 2002 interest  expense by slightly less than $10 million from  comparable
2001 levels.  The  Company's  funding costs also  benefited  from an increase in
non-interest  bearing demand deposits.  These deposits  comprised 21% of average
total  deposits for the quarter ended March 31, 2002,  increasing  1.6% over the
comparable prior year percentage.

The Company  does not expect  significant  action by the Federal  Reserve in the
second  quarter or the  remainder  of 2002,  but it does  believe its  principal
markets will continue to remain quite competitive and sensitive to interest rate
movement.  It expects the low interest  rate  environment  to remain  throughout
2002, and does not  anticipate  significant  improvement in the interest  margin
this year.

PROVISION FOR LOAN LOSSES
The Company  recorded a provision for loan losses of $3,000,000,  an increase of
$330,000  over the  amount  recorded  in the  comparable  period in 2001.  First
quarter net charge-offs totaled  $1,017,000,  declining $140,000 from prior year
amounts.  As noted above, the Company terminated its credit card  securitization
in the first quarter of this year.  The Company now  recognizes  charge-offs  on
those accounts that had been  previously  securitized  and sold. Net credit card
charge-offs in 2002 were $1,099,000, compared to $977,000 in 2001.

Nonaccrual  loans have  increased  from  $16,747,000  at  December  31,  2001 to
$20,482,000 at March 31, 2002. This increase is attributable to one agribusiness
credit in southern  Kansas,  in which the Company has a participating  interest.
40% of the Company's  nonaccrual  loans are the result of participating in loans
where  another  financial  institution  is the  lead  lender.  The  Company  has
disclosed in previous  filings that one loan presently in nonaccrual  status and
on which the Company had recorded a significant charge-off was in the process of
being  restructured.  The company to which the loan had been  extended has since
received a purchase offer that must be approved by its shareholders.  It remains
to be seen whether the shareholders will approve the proposed  purchase,  but if
the offer is approved and the  purchase  takes  place,  the Company  anticipates
recording a recovery of approximately $2,000,000.

The Company's  allowance for loan losses at March 31, 2002 was equal to 1.56% of
total loans and 128% of nonaccrual,  past due and restructured loans. Comparable
amounts at December  31, 2001 and March 31, 2001 were 1.46% and 144%,  and 1.71%
and  608%,  respectively.  While  it is  possible  that the  potential  recovery
discussed above could favorably  impact the amount recorded in the provision for
loan losses in future  quarters,  the Company is also  mindful of the  continued
weakness  that is present  in the  economy  and  continues  to  closely  monitor
potential changes in the financial condition of its customer base.


Summary of Loan Loss Experience (in thousands of dollars)
--------------------------------------------------------------------------------
                                                               March 31,
                                                           2002         2001
--------------------------------------------------------------------------------
Amount of loans at period-end                           $1,787,704   $1,785,482
--------------------------------------------------------========================

YTD Average loans outstanding                           $1,761,034   $1,746,160
--------------------------------------------------------========================

Beginning balance of allowance for loan losses             $25,904      $28,972

Loans charged-off
   Commercial, Financial and Agricultural                      146          362
   Credit Card                                               1,328        1,263
   Installment                                                 441          377
--------------------------------------------------------------------------------
Total loans charged off                                      1,915        2,002
--------------------------------------------------------------------------------

Recoveries on charge-offs
   Commercial, Financial and Agricultural                      515          463
   Real Estate-Mortgage                                          0            1
   Credit Card                                                 229          286
   Installment                                                 154           95
--------------------------------------------------------------------------------
Total recoveries                                               898          845
--------------------------------------------------------------------------------

Net loans charged off                                        1,017        1,157

Provision charged to expense                                 3,000        2,670
--------------------------------------------------------------------------------

Ending balance of allowance for loan losses                $27,887      $30,485
--------------------------------------------------------========================

Net charge-offs/average loans                                0.06%        0.07%
--------------------------------------------------------========================

Allowance for loan losses/loans at period-end                1.56%        1.71%
--------------------------------------------------------========================

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 (in thousands of dollars).

                                         March 31, 2002        December 31, 2001
--------------------------------------------------------------------------------
                                                   Percent               Percent
                                         Amount   of Total     Amount   of Total
--------------------------------------------------------------------------------
Commercial, Financial and Agricultural $  868,560    48.5%   $  851,191    48.1%
Real Estate-Construction                   66,371     3.7        55,060     3.1
Real Estate-Mortgage                      525,072    29.4       534,662    30.2
Installment, excluding credit card        165,731     9.3       180,545    10.2
Credit card                               161,970     9.1       148,284     8.4
--------------------------------------------------------------------------------
  Subtotal                              1,787,704   100.0%    1,769,742   100.0%
Allowance for loan losses                 (27,887)              (25,904)
--------------------------------------------------------------------------------
  Total                                $1,759,817            $1,743,838
---------------------------------------=========================================

As noted above,  loans  considered risk elements,  as presented in the following
table did increase this quarter.  These loans  comprised 1.21% of total loans at
March 31,  2002,  compared to 1.01% of total loans at December 31, 2001 and .28%
of total  loans March 31,  2001.  Management  is not aware of issues  other than
those described above that would significantly  impact the credit quality of the
loan portfolio in 2002.  Management believes the allowance for loan losses to be
adequate at this time.

                                                   March, 31        December 31,
(in thousands of dollars)                             2002              2001
--------------------------------------------------------------------------------
Loan Categories
     Nonaccrual Loans                               $20,482           $16,747
     Past Due 90 days or more                         1,241             1,204
--------------------------------------------------------------------------------
Total                                               $21,723           $17,951
---------------------------------------------------=============================

LIQUIDITY AND CAPITAL RESOURCES
The Company considered its liquidity level adequate at March 31, 2002. Continued
growth in the  Company's  loan  portfolio  resulted  in the  loan/deposit  ratio
(including  loans  held-for-sale)  equaling 92.4% at March 31, 2002.  Comparable
amounts  at  December  31,  2001 and  March  31,  2001  were  90.1%  and  94.6%,
respectively.  The Company's  membership in the Federal Home Loan Bank of Topeka
provides a secondary source of liquidity.  In addition,  the Company maintains a
variety of funding sources,  including core-deposit  acquisition,  federal funds
purchases,   acquisition   of  public   funds   and  the   normal   run-off   of
interest-earning assets.

Approximately 69% of the Company's  investment  portfolio is comprised of United
States  government  and  agency  securities,   with  mortgage-backed  securities
representing  another 27% of the portfolio.  The Company  maintains a relatively
short weighted average maturity in this portion of its investment portfolio.  At
March 31, 2002,  the average  maturity of United  States  government  and agency
securities  and  mortgage-backed  securities  was 3 years and 2 months,  and the
average maturity of municipal securities was 2 years and 7 months.

The Company has thoroughly  reviewed its investment  security  portfolio and has
determined  that at March 31,  2002,  it has the  ability and intent to hold all
securities in the portfolio that have been classified as held-to-maturity.  With
the  increases  the  Company  has  experienced  in its  loan  portfolio,  it has
continued  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 has been  disclosed  in  previous  filings,  in  January,  1998,  a statutory
business trust of the Company issued  $57,500,000 in cumulative  trust preferred
securities.  These preferred securities, which qualify as capital for regulatory
reporting  purposes,  have a  distribution  rate of  8.24%,  and will  mature on
January 31, 2028,  unless  called or extended by the  Company.  The Company owns
100% of the common stock of the trust,  and the only assets of the trust consist
of the 8.24% subordinated  debentures due January 31, 2028 issued by the Company
to the trust.  The Company has issued Back-up  Obligations to the trust,  which,
when taken in the aggregate,  constitute the full and unconditional guarantee by
the Company of all of the trust's obligations under the preferred securities.

The  Company's  capital  position   continues  to  exceed   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 March 31, 2002, the Company's total capital to risk-weighted assets ratio was
12.4% and its Tier 1 capital to risk-weighted assets ratio was 11.1%.

In  addition  to  the  aforementioned  regulatory  requirements,  the  Company's
subsidiary bank met all required minimum capital ratios.

OTHER INCOME AND OTHER EXPENSE
Current year first quarter  noninterest income totaled  $13,885,000,  increasing
6.1% over first  quarter 2001 amounts.  This  quarter's  noninterest  income was
$129,000 less than that of the preceding quarter. The year-over-year increase is
due principally to pricing  initiatives which commenced in the second quarter of
2001.  The  quarter-over-quarter  decline  is  due  to  the  termination  of the
Company's participation in its remaining credit card securitization transaction.
Net amounts that had  previously  been reported as  non-interest  income are now
reported as interest income and affect the provision for loan losses.


Service charges on deposit accounts increased 27%, or $995,000,  over comparable
prior year amounts.  Approximately  55% of this  increase  resulted from revised
pricing and increased volumes  associated with overdrafts and insufficient funds
activity.  Most of the remaining  increase was attributable to increased service
charges on  commercial  accounts.  The  Company  continues  to see growth in its
commercial  account  base,  and the low interest rate  environment  results in a
lesser  earnings  credit  rate  on  commercial  accounts.  With  these  accounts
receiving a reduced  earnings  credit,  service  charges on commercial  accounts
increase.

Fiduciary  income declined 2.9% from prior year levels but increased 2% from the
amount recorded in the preceding quarter. U.S. equity markets generally recorded
increases  during  the  first  quarter,  with the Dow Jones  Industrial  Average
increasing 3. 8% during the three-month period ended March 31, 2002. As a result
of  this  increase,  the  Company  recorded  a 2.4%  increase  in  assets  under
management during the quarter, which translated into the aforementioned increase
in revenue. The year-over-year  decline is due principally to the composition of
assets under management.  Personal and  institutional  trusts comprised 42.2% of
assets under management  during the quarter ended March 31, 2002. The comparable
percentage in 2001 was 47.9%.  Fee income on these accounts is greater than that
recorded for other types of assets  under  management,  thus the  year-over-year
decline in revenues.

Credit card fees declined  $660,000 from prior year levels as the termination of
the credit card  securitization  conduit  referred to above resulted in a lesser
level of fee  income.  Excess  servicing  revenue  attributable  to  securitized
accounts in 2002 declined  $243,000 from prior year levels.  The majority of the
remaining  year-over-year  decline was due to  decreased  levels of both penalty
fees and  merchant  revenue.  The  softness in the  economy,  combined  with the
lingering  effects of  September  11 have  resulted in a decline in  transaction
volume when compared to the same period of the preceding year.

Other service charges,  fees and income increased  $554,000 over comparable 2001
amounts.  Approximately  one-half of this increase is due to the receipt of life
insurance  proceeds  on two former  employees  on which the  Company  maintained
insurance  coverage.  The remainder of the increase is  attributable to a higher
level of sales  activity in the Company's  broker-dealer  subsidiary,  increased
loan fees on mortgage  loans  originated  and sold,  and  increased  credit life
commission income arising from a home equity loan promotion.

Total  noninterest  expense declined $49,000 from the first quarter of 2001. The
effect of adopting SFAS No. 142,  "Goodwill and Other Intangible  Assets" was to
reduce goodwill  amortization by $329,000.  Had this Statement not been adopted,
the year-over-year  increase in noninterest expense would have been $280,000, or
1.2%. As has been disclosed in previous filings,  the Company  outsourced wealth
management  operational  support  to SunGard  Wealth  Management  Services,  LLC
("SunGard"). As a result of taking this action, the Company recorded an increase
in professional services cost in 2002, while many other noninterest expense line
items reflected declines this year when compared to comparable 2001 amounts.

Salaries and employee benefit costs increased $253,000, or 2.2%, over comparable
2001 amounts.  The Company estimates that without the SunGard transaction salary
and  employee  benefit  costs  would  have  increased   approximately  $700,000.
One-fourth  of this  increase is due to new  personnel in the  Company's  wealth
management staff in Johnson County,  Kansas.  Another 20% of the increase arises
from increased health insurance and employee benefit plan expense.  General wage
increases comprise the majority of the remaining increase.

Net  occupancy  and  equipment  expense  declined  2.6% from prior year amounts.
Two-thirds  of this  decline was the result of reduced  utility  costs.  Utility
expense in 2001 was abnormally high by historical standards and returned to more
normal  levels in 2002.  The Company also recorded  reductions  in  depreciation
expense and new fixed asset purchases.

Data processing expense declined 12.5% from comparable 2001 amounts, and postage
and dispatch  costs fell 20.5% when  compared to 2001 totals.  As was noted last
year, the Company incurred certain  programming  costs associated with revisions
made to much of its product  line.  In addition,  postage costs were incurred in
order to notify all customers of these product  changes.  Similar  expenses were
not incurred in 2002.  Advertising and promotional  expense  declined  nominally
from prior year  amounts.  In 2001,  certain  production  costs were incurred in
connection with a new advertising campaign that commenced in the second quarter.
There was no such  activity in the first quarter of 2002.  Supplies  expense and
other noninterest expense declined 14.8% and 10.9%, respectively from comparable
2001 amounts. The Company continues to examine all areas of noninterest expense,
including  supplies,  to reduce its expense  structure.  The  reduction in other
noninterest  expense  was  due  primarily  to a  reduction  in net  credit  card
processing costs and item processing costs.

NEW ACCOUNTING STANDARDS
Statement of  Financial  Accounting  Standards  No. 143,  "Accounting  for Asset
Retirement  Obligations,"  addresses  financial  accounting  and  reporting  for
obligations associated with the retirement of tangible long-lived assets and the
associated asset retirement costs effective for financial  statements issued for
fiscal years beginning after June 15, 2002. The Company does not anticipate that
adoption  of  Statement  No.  143 will have a material  impact on its  operating
results or its financial condition.

FORWARD-LOOKING STATEMENTS
This 10-Q contains various  forward-looking  statements and includes assumptions
concerning  the  Company's  operations,  future  results  and  prospects.  These
forward-looking  statements  are based on current  expectations,  are subject to
risk and  uncertainties  and the Company  undertakes no obligation to update any
such  statement to reflect  later  developments.  In  connection  with the "safe
harbor" provisions of the Private Securities  Litigation Reform Act of 1995, the
Company  provides  the  following  cautionary  statement  identifying  important
economic,  political and  technological  factors,  among others,  the absence of
which could cause the actual results or events to differ  materially  from those
set  forth  in  or  implied  by  the  forward-looking   statements  and  related
assumptions.

Such  factors  include  the  following:  (i)  continuation  of the  current  and
projected future business environment,  including interest rates and capital and
consumer spending;  (ii) competitive factors and competitor responses to Company
initiatives;   (iii)   successful   development  and  market   introductions  of
anticipated  new products;  (iv) stability of government  laws and  regulations,
including taxes; and (v) trends in the banking industry.


<PAGE>



                            PART 2. OTHER INFORMATION



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

                 (a) Exhibits
                       None

                 (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:  May 14, 2002                    By: /s/ C.Q. Chandler IV
                                          ---------------------
                                               C.Q. Chandler IV
                                               President
                                               (Principal Executive Officer)




Date:  May 14, 2002                     By: /s/ Jay L. Smith
                                           -----------------
                                                Jay L. Smith
                                                Chief Financial Officer
                                                (Principal Accounting Officer)

<PAGE>