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, 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 April 16, 1998, there were 2,170,729 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                                                  1998           1997
--------------------------------------------------------------------------------
Cash and cash equivalents:
   Cash and due from banks                           $  208,741     $  171,494
   Federal funds sold and securities purchased
      under agreements to resell                        114,875         89,615
--------------------------------------------------------------------------------
        Total cash and cash equivalents                 323,616        261,109
--------------------------------------------------------------------------------
Investment securities:
   Held-to-maturity (market value, $232,357
     for 1998 and $280,715 for 1997)                    230,812        270,971
   Available-for-sale, at market                        122,970         33,346
   Equity, at cost                                        2,771          2,833
--------------------------------------------------------------------------------
     Total investment securities                        356,553        307,150
--------------------------------------------------------------------------------
Loans held-for-sale                                      20,473         16,422
Loans, net of allowance for loan losses of
   $19,739 in 1998 and $17,932 in 1997                1,242,905      1,244,527
Land, buildings and equipment, net                       26,281         26,529
Other assets                                             63,079         68,085
--------------------------------------------------------------------------------
      Total assets                                   $2,032,907     $1,923,822
-----------------------------------------------------===========================
Liabilities and Stockholders' Equity
--------------------------------------------------------------------------------
   Deposits                                          $1,586,870     $1,552,766
   Short-term borrowings:
      Federal funds purchased and securities sold
        under agreements to repurchase                  204,531        183,678
      Other                                               7,704          7,507
--------------------------------------------------------------------------------
        Total short-term borrowings                     212,235        191,185
--------------------------------------------------------------------------------
   Accounts payable and accrued liabilities              13,909         13,007
   Notes payable                                         15,000         23,000
   Convertible capital notes                             11,219         11,219
   Guaranteed preferred beneficial interests in the
      Company's subordinated debentures                  57,500              0
--------------------------------------------------------------------------------
          Total liabilities                           1,896,733      1,791,177
--------------------------------------------------------------------------------
Stockholders' equity:
   Common stock, $5 par value; 10,000,000 shares
     authorized, 2,415,071 shares issued                 12,075         12,075
   Capital surplus                                       12,377         12,377
   Retained earnings                                    129,173        124,877
   Treasury stock, at cost (244,342 shares in
      1998 and 240,277 shares in 1997)                  (17,429)       (17,081)
   Unrealized securities gains (losses) net of tax          (22)           397
--------------------------------------------------------------------------------
          Total stockholders' equity                    136,174        132,645
--------------------------------------------------------------------------------
      Total liabilities and stockholders' equity     $2,032,907     $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
                                                               Ended March 31,
                                                               ---------------
                                                               1998       1997
--------------------------------------------------------------------------------
Interest income:
   Loans                                                     $29,101    $25,677
   Investment securities                                       4,937      4,479
   Federal funds sold and securities purchased under
      agreements to resell, and other                          1,966        696
--------------------------------------------------------------------------------
       Total interest income                                  36,004     30,852
--------------------------------------------------------------------------------
Interest expense:
   Deposits                                                   12,570     11,948
   Federal funds purchased and securities sold under
      agreement to repurchase                                  2,616      1,750
   Convertible capital notes                                     252        252
   Subordinated debentures                                       921          0
   Other borrowings                                              411        461
--------------------------------------------------------------------------------
       Total interest expense                                 16,770     14,411
--------------------------------------------------------------------------------
       Net interest income                                    19,234     16,441
Provision for loan losses                                      3,600      1,600
--------------------------------------------------------------------------------
       Net interest income after provision for loan losses    15,634     14,841
--------------------------------------------------------------------------------
Noninterest income:
   Service charges on deposit accounts                         2,434      2,369
   Trust department fees                                       2,572      1,632
   Credit card fees                                            2,351      3,407
   Securities gains                                              126          0
   Other service charges, fees and income                      4,061      2,763
--------------------------------------------------------------------------------
       Total noninterest income                               11,544     10,171
--------------------------------------------------------------------------------
Noninterest expenses:
   Salaries and employee benefits                              9,199      8,368
   Net occupancy and equipment expense                         2,149      2,032
   Advertising and promotional activities                        870      1,055
   Data processing expense                                       955        958
   Supplies                                                      597        513
   Postage and dispatch                                          526        569
   Goodwill amortization                                         405        404
   Deposit insurance assessment                                   59        (29)
   Other                                                       3,894      3,897
--------------------------------------------------------------------------------
       Total noninterest expenses                             18,654     17,767
--------------------------------------------------------------------------------
       Income before provision for income taxes                8,524      7,245
Provision for income taxes                                     3,142      2,689
--------------------------------------------------------------------------------
       Net income                                            $ 5,382    $ 4,556
-------------------------------------------------------------===================
Per share data:
   Basic earnings per share                                    $2.48      $2.07
-------------------------------------------------------------===================
   Diluted earnings per share                                  $2.16      $1.83
-------------------------------------------------------------===================
Cash Dividends                                                 $0.50      $0.35
-------------------------------------------------------------===================

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)
                                                             Three Months Ended
                                                                  March 31,
                                                             ------------------
                                                               1998        1997
--------------------------------------------------------------------------------
Cash provided (absorbed) by operating activities:
 Net Income                                              $   5,382    $  4,556
Adjustments to reconcile net income to net
 cash provided by operating activities:
   Provision for loan losses                                 3,600       1,600
   Provision for depreciation and amortization               1,740       1,685
   Amortization of premium and accretion of discount
      on investment securities                                (324)        (77)
   Gain on sale of investment securities                      (126)          0
   Changes in assets and liabilities:
    Loans held for sale                                     (4,051)      4,929
    Prepaid expenses and other assets                           20        (450)
    Income taxes                                             8,099       2,674
    Interest receivable                                     (1,186)     (1,280)
    Interest payable                                         2,006       2,542
    Other liabilities                                       (1,316)      3,950
    Other                                                       72          39
--------------------------------------------------------------------------------
     Net cash provided by operating activities              13,916      20,168
--------------------------------------------------------------------------------
Cash provided (absorbed) by investing activities:
   Purchase of investment securities                      (101,171)    (20,017)
   Investment securities matured or called                  51,631      33,439
   Proceeds from sale of investment securities                 161           0
   Net increase in loans                                    (2,909)    (78,777)
   Purchases of land, buildings and equipment                 (805)       (508)
   Proceeds from sale of equipment                               5           0
   Proceeds from sale of other real estate
      and repossessions                                        883         831
   Other                                                    (2,424)       (768)
--------------------------------------------------------------------------------
     Net cash absorbed by investing activities             (54,629)    (65,800)
--------------------------------------------------------------------------------
Cash provided (absorbed) by financing activities:
   Net increase in deposits                                 34,104      20,919
   Net increase in short-term borrowings                    21,050      11,399
   Proceeds from notes payable                                   0       4,000
   Payments on notes payable                                (8,000)          0
   Proceeds from subordinated debentures                    57,500           0
   Cash dividends                                           (1,086)       (772)
   Purchase of treasury stock                                 (348)       (247)
--------------------------------------------------------------------------------
     Net cash provided by financing activities             103,220      35,299
--------------------------------------------------------------------------------
       Increase (decrease) in cash and cash equivalents     62,507     (10,333)

Cash and cash equivalents at beginning of period           261,109     185,104
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period               $ 323,616    $174,771
---------------------------------------------------------=======================
Supplemental disclosures
   Interest paid                                           $14,764     $11,869
   Income tax paid (refunded)                              $(4,957)        $15

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 three months
ended March 31, 1998 and 1997 (in thousands):

                                                     1998             1997
                                                   -------          -------
       Balance, January 1                          $17,932          $15,536
       Additions:
          Provision for loan losses                  3,600            1,600
                                                   -------          -------
                                                    21,532           17,136
       Deductions:
          Loans charged off                          2,199            1,351
          Less recoveries on loans
             previously charged off                    406              359
                                                   -------          -------
          Net loan losses                            1,793              992
                                                   -------          -------
       Balance, March 31                           $19,739          $16,144
                                                   =======          =======

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 $48,000 at March 31, 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:
                                                          Three Months Ended
                                                               March 31,
--------------------------------------------------------------------------------
                                                            1998        1997
--------------------------------------------------------------------------------
Net income for basic earnings per share                     $5,382      $4,556
Interest expense on convertible debt, net of taxes             164         164
Net income for diluted earnings per share                   $5,546      $4,720
------------------------------------------------------------====================

Weighted average shares for basic earnings per share     2,171,292   2,202,188
Shares issuable upon exercise of stock options              28,066       3,500
Shares issuable upon conversion of capital notes           373,967     373,967
--------------------------------------------------------------------------------
Weighted average shares for diluted earnings per share   2,573,324   2,579,655
---------------------------------------------------------=======================

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 March 31, 1998 and 1997 was
$4,963 and $4,546 respectively.


<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, 1998 was  $5,382,000,  increasing  18.1% over 1997's net
income of $4,556,000.  The Company  continues to experience  solid growth in its
principal  markets,  leading to increased  net interest  income and  noninterest
income.  During the first quarter of 1998, the Company completed its offering of
$57,500,000  in  trust  preferred  securities.  This  issuance,   identified  as
"Guaranteed  preferred  beneficial  interests  in  the  Company's   subordinated
debentures" in the accompanying financial statements, was an important source of
capital  for the  Company  and will  serve to support  the future  growth of the
Company.  With the sale of the  national  credit card  portfolio  in 1997,  this
portfolio had no impact on the Company's operating results this year.

NET INTEREST INCOME. The Company's net interest income increased $2,793,000,  or
17%, over prior year levels. Much of this increase was volume-related,  as first
quarter 1998 average  interest-earning  assets  increased  14.6% over prior year
levels.  The Company  also  experienced  an increase in the yield on its average
interest-earning  assets of approximately 15 basis points.  As noted in previous
filings,  terms  of the  sale of the  national  credit  card  portfolio  in 1997
resulted  in a decrease  in yields  during  that year.  Continued  growth in the
Company's commercial lending portfolio, along with the scheduled amortization of
one of the Company's credit card securitization  transactions,  have resulted in
funds being invested in somewhat higher interest-earning assets in 1998. Average
loans  and  leases  in  1998  have  increased  approximately  $93  million  over
comparable 1997 levels,  and the Company expects that the continued  dislocation
in its principal markets will provide additional growth opportunities.  However,
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.

Funding costs were  little-changed  in the first quarter.  The overall  interest
rate environment during the quarter was relatively stable, but conditions remain
competitive in the Company's principal markets. The Company does not expect this
environment  to  change.  However,  significant  efforts  have  been made by the
Company in enhancing its delivery systems and sales initiatives, and the Company
has been  successful in increasing its deposit base. The Company has experienced
growth in its total number of deposit accounts,  and total deposits at March 31,
1998 were 9.5%  higher  than they were at March 31,  1997.  In  addition  to its
efforts to  increase  its  deposit  base,  the  Company  continues  to  evaluate
alternative funding sources.


PROVISION  FOR LOAN LOSSES.  The provision for loan losses for the first quarter
of 1998 was  $3,600,000,  an increase of $2,000,000  over the same period of the
preceding year. The Company  continues to build its allowance for loan losses in
recognition of the significant  growth it has experienced in its loan portfolio.
Average  loans in the first  quarter of 1998 were 15.9% higher than they were in
1997. While net charge-offs as a percentage of average loans increased only five
basis  points  from 1997  levels,  the  Company  has  recorded  somewhat  higher
provisions  for  loan  losses,  recognizing  that  the  dollar  amount  of loans
charged-off will probably increase as the loan portfolio grows.

As discussed in previous filings, the sale of the national credit card portfolio
had a  significant  impact  on the  provision  for  loan  losses  in  1997.  Net
charge-offs  as a percentage of average loans  declined  significantly  in 1997,
from .39% of  average  loans in the first  quarter  of 1996 to .09% in the first
quarter of 1997. While this percentage increased to .14% in the first quarter of
1998,  the  Company   believes  its  charge-off   experience  in  1998  will  be
substantially less than that experienced while it owned the national credit card
portfolio.  All  segments  of the  loan  portfolio  are  performing  as had been
expected,  and there have been no significant,  unanticipated losses in the loan
portfolio in 1998.  The provision  for loan losses in excess of net  charge-offs
recorded by the Company has  resulted in an  allowance  for loan losses at March
31,  1998  equal to 1.56% of loans,  increasing  from  1.43% in 1997.  While the
Company  anticipates some increase in its 1998 provision for loan losses arising
from growth in loan volumes,  it does not expect a significant  change from 1997
levels.

Summary of Loan Loss Experience
-------------------------------
                                                            March 31,
                                                       1998          1997
--------------------------------------------------------------------------------
Amount of loans at period-end                       $1,262,644    $1,131,198
----------------------------------------------------============================
YTD Average loans outstanding                       $1,257,641    $1,084,739
----------------------------------------------------============================

Beginning balance of allowance for loan losses         $17,932       $15,536

Loans charged-off
   Commercial, Financial and Agricultural                  361           167
   Credit Card                                           1,318           727
   Installment                                             520           457
--------------------------------------------------------------------------------
Total loans charged off                                  2,199         1,351
--------------------------------------------------------------------------------
Recoveries on charge-offs
   Commercial, Financial and Agricultural                  133           169
   Real Estate-Mortgage                                      5            11
   Credit Card                                             204           117
   Installment                                              64            62
--------------------------------------------------------------------------------
Total recoveries                                           406           359
--------------------------------------------------------------------------------
Net loans charged off                                    1,793           992

Provision charged to expense                             3,600         1,600
--------------------------------------------------------------------------------
Ending balance of allowance for loan losses            $19,739       $16,144
----------------------------------------------------============================
Net charge-offs/average loans                            0.14%         0.09%
----------------------------------------------------============================
Allowance for loan losses/loans at period-end            1.56%         1.43%
----------------------------------------------------============================


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.

                                            March 31, 1998    December 31, 1997
--------------------------------------------------------------------------------
                                                    Percent             Percent
                                           Amount   of Total   Amount   of Total
--------------------------------------------------------------------------------
Commercial, Financial  and Agricultural  $  610,860    48.4% $  623,707    49.4%
Real Estate-Construction                     31,010     2.4      29,179     2.3
Real Estate-Mortgage                        239,809    19.0     230,133    18.2
Installment, excluding credit card          270,918    21.5     259,074    20.5
Credit card                                 110,047     8.7     120,366     9.6
--------------------------------------------------------------------------------
  Subtotal                               $1,262,644   100.0%  1,262,459   100.0%
Allowance for loan losses                   (19,739)            (17,932)
--------------------------------------------------------------------------------
                                         $1,242,905          $1,244,527
-----------------------------------------=======================================

Loans  considered risk elements,  as presented in the following  table,  totaled
 .45% of total loans at March 31, 1998, compared to .53% at December 31, 1997 and
 .95% at March 31, 1997.  At March 31, 1998,  the  Company's  allowance  for loan
losses was equal to 342% of those loans  considered  risk  elements.  Comparable
percentages  at December 31, 1997 and March 31, 1997  (excluding  the nonaccrual
and past due loans  contained in the national  credit card  portfolio) were 266%
and 250%, respectively. Management will continue to actively review the activity
in its loan portfolio to ensure that the provision for loan losses and resultant
allowance for loan losses remain  adequate to  appropriately  address the credit
risk existing in the portfolio.

                                               March 31,        December 31,
                                                 1998              1997
--------------------------------------------------------------------------------
       Loan Categories
            Nonaccrual Loans                    $3,930             $4,618
            Past Due 90 days or more             1,845              2,120
--------------------------------------------------------------------------------
       Total                                    $5,775             $6,738
------------------------------------------------================================

LIQUIDITY AND CAPITAL  RESOURCES.  The Company  considered  its liquidity  level
adequate at March 31, 1998.  Growth in deposits and  repurchase  agreements  has
resulted in the Company  experiencing an increase in its liquidity  levels.  The
Company's  loan/deposit  ratio at March 31, 1998 was 79.6%  compared to 83.6% at
March 31, 1997. The Company continues to maintain an investment portfolio with a
relatively  short  weighted  average  maturity.  At March 31, 1998,  the average
maturity of United States  government  and agency  securities in the  investment
portfolio  was 1 year  and 8  months,  and the  average  maturity  of  municipal
securities was 4 years and 3 months.

The Company has thoroughly  reviewed its investment  security  portfolio and has
determined  that at March 31,  1998,  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 is experiencing in its loan portfolio,  it has started
classifying  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 mentioned  previously,  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. Terms of the preferred security issue provide
for a dividend rate of 8.24% and a maturity date of January 31, 2028,  which may
be shortened to a date no earlier than January 31, 2003 or extended to a date no
later than January 31, 2037 if certain conditions are met.

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 March 31, 1998, the Company's total capital to risk-weighted assets ratio was
13.3% 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. First quarter noninterest income increased 13.5%
over prior year levels to  $11,544,000.  With the exception of credit card fees,
growth was  realized in all major areas of  noninterest  income.  The decline in
credit card fees is  attributable  to the  amortization  of one of the Company's
credit card  securitization  transactions  in December,  1997, and the Company's
decision to cease the processing of national  merchant  accounts.  This business
was sold in the first quarter of 1998.

Service charges on deposit  accounts  increased  modestly (2.7%) over prior year
levels, reflecting the volume increases realized by the Company. As discussed in
previous filings, the Company has substantially increased its investments in the
wealth management area.  Quarterly fee income generated by this line of business
continues to increase.  First quarter, 1998 trust fee income increased 6.7% over
the  fourth  quarter  of 1997,  and was  57.6%  higher  than the level of income
recorded during the first quarter of 1997.  Securities gains  recognized  during
the first quarter were the result of a contractual agreement specifying the sale
over a three year period of some stock acquired in a previous  acquisition.  The
Company entered into no other investment security sales in the first quarter.

Other service charges,  fees and income increased 47% over 1997 levels. As noted
above,  the  Company,  during  the first  quarter  of 1998,  elected to sell its
national merchant processing business. The Company continues to process merchant
accounts, but believes that its efforts can be more productive if focused on its
regional trade territory. The sale of this national merchant processing business
resulted in the  recognition  of a $1.5 million gain on the  disposition  of the
business.  The Company also experienced a substantial  increase in fees realized
from the sale of alternative investment products and from the monthly fee income
generated  by the  Company's  previously  described  securitization  and sale of
approximately $45 million in automobile loans.

Total  noninterest  expenses in the first quarter increased 5.0% over comparable
1997  amounts.  Most of this  increase  was in the area of salaries and employee
benefits.  At March 31,  1998,  the Company  employed 891  full-time  equivalent
employees. The comparable March 31, 1997 number was 894. The Company's principal
market presently has an unemployment rate of 2.8%, and competition for personnel
is significant.  In addition,  after relatively  moderate increases the past two
years,   the  Company's   first   quarter  1998  health  care  costs   increased
approximately  11% over 1997 levels.  These two factors were the primary reasons
for the increase in this line item.

Net occupancy and  equipment  costs  increased  $117,000,  as  fully-depreciated
technology  equipment was replaced and  enhancements  were made to the Company's
traditional  branch delivery  system and its electronic  delivery  systems.  The
year-over-year decrease in advertising and promotional activities is principally
an issue of timing,  as total 1998  expenditures  are not anticipated to be less
than  1997  amounts.   Year-over-year   changes  in  other  noninterest  expense
categories were relatively modest.


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  assessment  phase for the Company's
critical data processing systems has been completed.  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 has begun
contacting  and  surveying  its  customer  base on their  "Year  2000"  efforts.
However, until sufficient 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.  While this
Statement may impose  additional  disclosure  requirements  on the Company,  the
Company does not anticipate that it will have a significant  impact on operating
results or its financial condition.

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.  The Company does not anticipate that
adoption  of  Statement  No.  132 will have a material  impact on its  financial
statements.
<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:  May 14, 1998                           By: /s/ C.Q. Chandler IV
                                                 ---------------------
                                                 C. Q. Chandler IV
                                                 President
                                                 (Principal Executive Officer)




Date:  May 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