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, 2001

                                       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 17, 2001, there were 2,344,594 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                                                     2001        2000
--------------------------------------------------------------------------------
Cash and cash equivalents:
   Cash and due from banks                              $   89,044   $  124,670
    Federal funds sold                                      41,395        7,865
--------------------------------------------------------------------------------
        Total cash and cash equivalents                    130,439      132,535
--------------------------------------------------------------------------------
Investment securities:
   Held-to-maturity (fair value, $36,682 for 2001
     and $41,295 for 2000)                                  35,956       40,767
   Available-for-sale, at fair value                       432,559      413,568
--------------------------------------------------------------------------------
        Total investment securities                        468,515      454,335
--------------------------------------------------------------------------------
Loans held-for-sale                                          3,264        2,037
Loans, net of allowance for loan losses of $30,485
  in 2001 and $28,972 in 2000                            1,754,997    1,699,647
Land, buildings and equipment, net                          47,436       46,363
Other assets                                                78,381       83,540
--------------------------------------------------------------------------------
      Total assets                                      $2,483,032   $2,418,457
--------------------------------------------------------========================

Liabilities and Stockholders' Equity
--------------------------------------------------------------------------------
   Deposits                                             $1,890,823   $1,844,302
   Short-term borrowings:
      Federal funds purchased and securities sold
        under agreements to repurchase                     312,870      296,277
      Other                                                  1,018        7,497
--------------------------------------------------------------------------------
        Total short-term borrowings                        313,888      303,774
--------------------------------------------------------------------------------

   Accounts payable and accrued liabilities                 34,556       32,915
   Notes payable                                            10,500       10,500
   Guaranteed preferred beneficial interests in the
       Company's subordinated debentures                    57,500       57,500
--------------------------------------------------------------------------------
          Total liabilities                              2,307,267    2,248,991
--------------------------------------------------------------------------------

Stockholders' equity:
   Common stock, $5 par value; 10,000,000 shares
     authorized, 2,783,650 shares issued
     in 2001 and 2000                                       13,918       13,918
   Capital surplus                                          21,699       21,699
   Retained earnings                                       180,171      174,663
   Treasury stock, at cost (437,334 shares in 2001
     and 430,242 shares in 2000)                           (42,269)     (41,384)
   Accumulated other comprehensive income, net of tax        2,246          570
--------------------------------------------------------------------------------
          Total stockholders' equity                       175,765      169,466
--------------------------------------------------------------------------------
      Total liabilities and stockholders' equity        $2,483,032   $2,418,457
--------------------------------------------------------========================

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,
                                                             -------------------
                                                               2001       2000
--------------------------------------------------------------------------------
Interest income:
   Loans                                                     $39,077    $36,283
   Investment securities                                       6,830      6,426
   Federal funds sold and other                                  445        748
--------------------------------------------------------------------------------
       Total interest income                                  46,352     43,457
--------------------------------------------------------------------------------
Interest expense:
   Deposits                                                   16,292     15,330
   Federal funds purchased and securities sold under
      agreement to repurchase                                  4,058      3,686
   Subordinated debentures                                     1,184      1,184
   Other borrowings                                              281        304
--------------------------------------------------------------------------------
       Total interest expense                                 21,815     20,504
--------------------------------------------------------------------------------
       Net interest income                                    24,537     22,953
Provision for loan losses                                      2,670      2,655
--------------------------------------------------------------------------------
       Net interest income after provision for loan losses    21,867     20,298
--------------------------------------------------------------------------------
Noninterest income:
   Service charges on deposit accounts                         3,679      3,227
   Fiduciary income                                            2,983      3,159
   Credit card fees                                            2,587      2,416
   Other service charges, fees and income                      3,584      2,990
--------------------------------------------------------------------------------
       Total noninterest income                               12,833     11,792
--------------------------------------------------------------------------------
Noninterest expenses:
   Salaries and employee benefits                             11,689     11,595
   Net occupancy and equipment expense                         3,251      2,815
   Data processing expense                                     1,423      1,287
   Advertising and promotional activities                      1,052      1,239
   Professional services                                         792      2,947
   Postage and dispatch                                          760        671
   Supplies                                                      676        669
   Goodwill amortization                                         610        653
   Other                                                       2,357      2,501
--------------------------------------------------------------------------------
       Total noninterest expenses                             22,610     24,377
--------------------------------------------------------------------------------
       Income before provision for income taxes               12,090      7,713
Provision for income taxes                                     4,700      3,183
--------------------------------------------------------------------------------
       Net income                                              7,390      4,530
Other comprehensive income (loss)                              1,676       (360)
--------------------------------------------------------------------------------
       Comprehensive income                                  $ 9,066    $ 4,170
-------------------------------------------------------------===================
Per share data:
   Basic earnings per share                                    $3.15      $1.90
-------------------------------------------------------------===================
   Diluted earnings per share                                  $3.12      $1.88
-------------------------------------------------------------===================
Cash dividends per share                                       $0.80      $0.75
-------------------------------------------------------------===================

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,
                                                          ----------------------
                                                             2001       2000
--------------------------------------------------------------------------------
Cash provided (absorbed) by operating activities:
 Net income                                               $   7,390   $  4,530
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Provision for loan losses                                  2,670      2,655
   Provision for depreciation and amortization                2,447      2,238
   Amortization of premium and accretion of discount
     on investment securities                                (1,153)      (279)
   Originations of loans held-for-sale                      (13,482)   (11,027)
   Proceeds from sales of loans held-for-sale                12,255      9,651
   Changes in assets and liabilities:
    Prepaid expenses and other assets                          (618)      (423)
    Income taxes                                              4,867      3,130
    Interest receivable                                         123     (1,603)
    Interest payable                                          1,384      1,565
    Other liabilities                                        (1,096)      (442)
    Other                                                        (9)        22
--------------------------------------------------------------------------------
     Net cash provided by operating activities               14,778     10,017
--------------------------------------------------------------------------------
Cash provided (absorbed) by investing activities:
   Purchase of investment securities                       (159,948)   (48,358)
   Investment securities matured or called                  147,380     46,500
   Proceeds from sale of investment securities
     available for sale                                       2,335          0
   Net increase in loans                                    (58,542)   (42,140)
   Purchases of land, buildings and equipment                (2,649)    (1,827)
   Proceeds from sale of equipment                               14         44
   Proceeds from sale of other real estate
     and repossessions                                          681        524
   Other                                                       ( 13)      (329)
--------------------------------------------------------------------------------
     Net cash absorbed by investing activities              (70,742)   (45,586)
--------------------------------------------------------------------------------
Cash provided (absorbed) by financing activities:
   Net increase in deposits                                  46,521     37,220
   Net increase (decrease) in short-term borrowings          10,114    (13,721)
   Retirement of convertible capital notes                        0         (1)
   Cash dividends                                            (1,882)    (1,791)
   Purchase of treasury stock                                  (885)    (1,378)
--------------------------------------------------------------------------------
     Net cash provided by financing activities               53,868     20,329
--------------------------------------------------------------------------------

       Decrease in cash and cash equivalents                 (2,096)   (15,240)

Cash and cash equivalents at beginning of period            132,535    155,788
--------------------------------------------------------------------------------

Cash and cash equivalents at end of period                 $130,439   $140,548
-----------------------------------------------------------=====================

Supplemental disclosures
   Interest paid                                            $20,431    $18,939
   Income tax paid (refunded)                               $  (167)   $    53

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 2000 INTRUST
Financial Corporation Annual Report on Form 10-K. Reference is made to the
"Notes to Consolidated Financial Statements" under Item 8 of the 2000 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, 2001 and 2000 (in thousands of dollars):

                                                             2001        2000
   -----------------------------------------------------------------------------
   Balance, January 1                                       $28,972     $26,010
   Additions:
     Provision for loan losses                                2,670       2,655
   -----------------------------------------------------------------------------
                                                             31,642      28,665
   Deductions:
     Loans charged off                                        2,002       2,479
     Less recoveries on loans
         previously charged off                                 845         649
   -----------------------------------------------------------------------------
     Net loan losses                                          1,157       1,830
   -----------------------------------------------------------------------------
   Balance, March 31                                        $30,485     $26,835
   ---------------------------------------------------------====================

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  related  to loans  considered  impaired  of
$567,000 and $0 at March 31, 2001 and 2000 respectively. 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. The following is a reconciliation of the numerators
and denominators of basic and diluted earnings per share:

                                                            Three Months Ended
                                                                 March 31
--------------------------------------------------------------------------------

                                                             2001        2000
--------------------------------------------------------------------------------

Net income for earnings per share (in thousands)             $7,390      $4,530
----------------------------------------------------------======================

Weighted average shares for basic earnings per share      2,348,677   2,384,812
Shares issuable upon exercise of stock options               22,322      28,965
--------------------------------------------------------------------------------
Weighted average shares for diluted earnings per share    2,370,999   2,413,777
----------------------------------------------------------======================


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.

                                                             Three Months Ended
                                                                  March 31,
 (in thousands of dollars)                                    2001        2000
 -------------------------------------------------------------------------------
 Revenues from external customers
    Consumer banking                                        $19,610     $21,210
    Commercial banking                                       12,524       9,699
    Wealth management                                         3,709       4,104
    Community banking                                         1,660       1,492

 Intercompany revenues
    Consumer banking                                        $   (16)    $  (115)
    Commercial banking                                            0           0
    Wealth management                                           131         114
    Community banking                                           193         264

 Segment profit
    Consumer banking                                        $ 4,502       5,409
    Commercial banking                                        7,369       5,063
    Wealth management                                           416         975
    Community banking                                           611         536
 -------------------------------------------------------------------------------
       Profit from segments                                  12,898      11,983
       Expenses at corporate level not
         allocated to segments                                 (808)     (4,270)
 -------------------------------------------------------------------------------
       Consolidated income before provision
         for income taxes                                   $12,090     $ 7,713
 -----------------------------------------------------------====================

<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, 2001 totaled  $7,390,000,  establishing  a new  quarterly
record for the Company.  Net income  increased 63% over comparable 2000 amounts,
and increased 11% over fourth quarter 2000 levels. As noted in previous filings,
first quarter 2000 results were negatively impacted by litigation and settlement
costs.  The Company recorded  year-over-year  growth in both net interest income
and  noninterest  income,  while  noninterest  expense  (excluding the impact of
litigation and settlement costs on 2000 totals) was relatively unchanged.

NET INTEREST INCOME
Net interest income  increased  $1,584,000,  or 6.9% over prior year levels,  to
$24,537,000.  The Company's growth in average  interest-earning assets moderated
somewhat,  increasing  3.3% over  comparable  prior year amounts.  The Company's
interest spread, when viewed on a year-over-year  basis, was little-changed even
though the Federal Reserve undertook a substantial  easing of rates in the first
quarter of 2001.  The  Company  has noted in previous  filings  that  management
believes its  sensitivity  and gap ratios  result in  acceptable  management  of
interest  rate  exposure.  The increase in net  interest  income  resulted  from
non-interest  bearing  demand  deposits  comprising a greater  percentage of the
Company's total deposits this quarter.  This ratio for the first quarter of 2001
was 12.3% compared to 9.0% in 2000.

Loan growth continued during the first quarter, albeit at a lesser rate. Average
loans increased  approximately $40 million over fourth quarter, 2000 levels. The
comparable increase last year was $60 million. The majority of the growth in the
loan portfolio  continues to occur in the Company's  commercial  loan portfolio.
The Company has  consciously  reduced its consumer  lending  exposure during the
past  year,  after  thoroughly  reviewing  the  overall  profitability  of  that
component of its loan portfolio.

Yields on average  interest-earning  assets  during the quarter  ended March 31,
2001  increased  thirty-five  basis points over  comparable  prior year amounts.
While the Federal  Reserve  did ease rates  three times in the first  quarter of
2001,  the timing of the rate declines  resulted in a somewhat  lesser impact on
yields,  as many of the Company's  earning assets repriced  downward two to four
weeks after the declines in rates were announced.  The timing of Federal Reserve
rate  increases in 2000 had a similar  impact,  in that yields on earning assets
lagged the actual Fed movements.  As a result,  2000 yields were less than might
otherwise  be  expected,  while 2001 yields were  somewhat  higher.  The Company
experienced no  significant  change in the  composition of its  interest-earning
assets this year. Loans comprised 78% of average  interest-earning assets during
both the first quarter of 2001 and 2000.

Funding  costs have  increased  over the  comparable  period last year,  but did
decline from prior quarter levels. The cost of interest-bearing  liabilities was
thirty-five  basis points higher than the  comparable  2000 amount,  but funding
costs were  twenty-three  basis points less than comparable  fourth quarter 2000
amounts.  With the easing by the Federal  Reserve in the first quarter,  deposit
customers  increasingly looked to promotional deposit products to take advantage
of the  slightly  higher  rates  offered on those  products.  This  activity has
resulted in a  year-over-year  increase in the  overall  rate paid on  deposits,
while the costs of Federal funds  purchased and securities  sold under agreement
to repurchase have declined over the same time period.

The Company  believes  its  principal  markets  will  continue  to remain  quite
competitive. In addition, the Company does not expect the Federal Reserve to act
as aggressively in the second quarter. With yield declines on assets that have a
quarterly repricing schedule and continued  competitive  pressures,  the Company
anticipates compression in its interest spread during the remainder of the year.

PROVISION FOR LOAN LOSSES
The Company  recorded a  provision  for loan  losses of  $2,670,000,  increasing
$15,000  from both the amount  recorded in the  preceding  quarter and the first
quarter of 2000.  Charge-offs  totaled  $2,002,000,  declining $477,000 from the
comparable  2000  amount.  The  largest net  charge-off  recorded  this  quarter
resulted from the charge-off of a loan to a company engaged in the manufacturing
sector.  The Company has noted no trends  during the quarter that would point to
particular  exposure  issues with respect to a given  industry or segment of the
loan portfolio. However, the Company continues to closely monitor credit quality
issues given the general softening of the economy. While the Company has reduced
its consumer lending exposure over the course of the last year,  credit exposure
to  commercial  enterprises  has  continued to increase.  Company  management is
mindful of the speed with which the current slowing of the economy has occurred.
Nonaccrual  and past due loans  declined to  $5,017,000  at March 31, 2001,  and
comprised .28% of total loans at quarter-end. The comparable percentage at March
31, 2000 was .26%. The Company anticipates that this percentage will increase in
the second  quarter,  as a  manufacturing  customer with total  indebtedness  of
approximately $9,700,000 was placed on non-accrual status and subsequently filed
for Chapter 11 bankruptcy in the second quarter of 2001.

The Company's  allowance for loan losses at March 31, 2001 was equal to 1.71% of
total loans and 608% of loans  considered risk elements.  Comparable  amounts at
December  31, 2000 and March 31,  2000 were 1.68% and 486%,  and 1.61% and 627%,
respectively.  As noted  above,  a  sizable  manufacturing  customer  filed  for
bankruptcy  in  April,   2001.  Should  further  evidence  of  weakness  in  the
manufacturing sector become apparent, it is expected the Company's provision for
loan losses in subsequent quarters would increase.

Summary of Loan Loss Experience (in thousands of dollars)
--------------------------------------------------------------------------------
                                                               March 31,
                                                          2001           2000
--------------------------------------------------------------------------------
Amount of loans at period-end                          $1,785,482    $1,662,086
-------------------------------------------------------=========================

YTD Average loans outstanding                          $1,746,160    $1,643,454
-------------------------------------------------------=========================

Beginning balance of allowance for loan losses            $28,972       $26,010

Loans charged-off
   Commercial, Financial and Agricultural                     362           987
   Credit Card                                              1,263         1,073
   Installment                                                377           419
--------------------------------------------------------------------------------
Total loans charged off                                     2,002         2,479
--------------------------------------------------------------------------------

Recoveries on charge-offs
   Commercial, Financial and Agricultural                     463           164
   Real Estate-Mortgage                                         1            16
   Credit Card                                                286           335
   Installment                                                 95           134
--------------------------------------------------------------------------------
Total recoveries                                              845           649
--------------------------------------------------------------------------------

Net loans charged off                                       1,157         1,830

Provision charged to expense                                2,670         2,655
--------------------------------------------------------------------------------

Ending balance of allowance for loan losses               $30,485       $26,835
-------------------------------------------------------=========================

Net charge-offs/average loans                               0.07%         0.11%
-------------------------------------------------------=========================

Allowance for loan losses/loans at period-end               1.71%         1.61%
-------------------------------------------------------=========================

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, 2001       December 31, 2000
--------------------------------------------------------------------------------
                                                 Percent                Percent
                                       Amount    of Total     Amount    of Total
--------------------------------------------------------------------------------
Commercial, Financial
  and Agricultural                   $  814,897    45.7%    $  737,235    42.6%
Real Estate-Construction                 44,997     2.5         70,830     4.1
Real Estate-Mortgage                    552,278    30.9        520,103    30.1
Installment, excluding credit card      242,863    13.6        264,159    15.3
Credit card                             130,447     7.3        136,292     7.9
--------------------------------------------------------------------------------
  Subtotal                            1,785,482   100.0%     1,728,619   100.0%
Allowance for loan losses               (30,485)               (28,972)
--------------------------------------------------------------------------------
  Total                              $1,754,997             $1,699,647
-------------------------------------===========================================

As noted above,  loans  considered risk elements,  as presented in the following
table were  little-changed  this quarter.  These loans  comprised  .28% of total
loans at March 31,  2001,  compared to .35% of total loans at December  31, 2000
and .26% of total loans March 31,  2000.  As noted above,  management  is in the
process of evaluating  the amount of the allowance for loan losses that has been
allocated to a manufacturing customer that recently filed for bankruptcy. Absent
the  result of this  analysis,  management  is not aware of  issues  that  would
significantly  impact  the  credit  quality  of  the  loan  portfolio  in  2001.
Management believes the allowance for loan losses to be adequate at this time.

                                                     March, 31     December 31,
        (in thousands of dollars)                       2001           2000
--------------------------------------------------------------------------------
        Loan Categories
             Nonaccrual Loans                          $3,344         $3,799
             Past Due 90 days or more                   1,673          2,167
--------------------------------------------------------------------------------
        Total                                          $5,017         $5,966
-----------------------------------------------------===========================

LIQUIDITY AND CAPITAL RESOURCES
The Company considered its liquidity level adequate at March 31, 2001. Continued
growth in the  Company's  loan  portfolio  resulted  in the  loan/deposit  ratio
(including  loans  held-for-sale)  equaling 94.6% at March 31, 2001.  Comparable
amounts  at  December  31,  2000 and  March  31,  2000  were  93.8%  and  91.4%,
respectively.  The  Company  became a member  of the  Federal  Home Loan Bank of
Topeka  during  the first  quarter  of 2000,  providing  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 74% of the Company's  investment  portfolio is comprised of United
States  government  and  agency  securities,   with  mortgage-backed  securities
representing  another  24% of the  portfolio.  The  Company  maintains  a  short
weighted average maturity in this portion of its investment portfolio.  At March
31, 2001, the average maturity of United States government and agency securities
and mortgage-backed securities was 1 year and 5 months, and the average maturity
of municipal securities was 3 years and 3 months.

The Company has thoroughly  reviewed its investment  security  portfolio and has
determined  that at March 31,  2001,  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, 2001, the Company's total capital to risk-weighted assets ratio was
11.4% and its Tier 1 capital to risk-weighted assets ratio was 10.1%.

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
Current year first quarter  noninterest income totaled  $12,833,000,  increasing
8.8% over first quarter 2000 amounts.  This  quarter's  noninterest  income also
exceeded that of the preceding quarter by 5.8%.  Pricing  initiatives and volume
increases  resulted in increases in both deposit  service charges and loan fees.
Additional revenue from these sources more than offset a year-over-year  decline
in fiduciary  income.  The decrease in fiduciary  income is  attributable to the
decline in equity markets that has occurred since the first quarter of 2000.

Service charges on deposit accounts increased 14%, or $452,000,  over comparable
prior year amounts.  Approximately  60% of this  increase  resulted from revised
pricing and increased volumes  associated with overdrafts and insufficient funds
activity.  The Company  continues to see growth in its commercial  account base,
and the declining 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 5.6% from prior year levels and 6.4% from the amount
recorded in the preceding quarter.  Equity markets generally declined during the
quarter,  with  the  Dow  Jones  Industrial  Average  declining  8%  during  the
three-month  period  ended  March 31,  2001.  As a result of this  decline,  the
Company recorded a 6.9% reduction in assets under  management,  which translated
into the aforementioned drop in revenue.

Credit card fees increased 7.1% over year-ago levels,  but did decline 5.5% from
fourth quarter amounts. The  quarter-over-quarter  decline is due principally to
seasonal  factors,  while  the  year-over-year  change  is due to  increases  in
merchant  discount income and to the noninterest  income  generated  through the
Company's  securitized credit card accounts.  Merchant discount income increased
$58,000 over prior year amounts,  and first  quarter 2001 income on  securitized
accounts was $60,000 greater than the comparable 2000 total.

Other service charges,  fees and income increased  $594,000 over comparable 2000
amounts. The Company continues to record significant increases in customer debit
card  usage  and ATM  activity.  As a result  of these  increased  transactional
levels,  debit card and ATM fees increased  $125,000 over comparable  prior year
amounts.  Increases  in letter of credit  transaction  activity,  fee  income on
mortgage loans originated and sold and other loan fee income served to more than
offset a decline in sales activity in the Company's broker-dealer subsidiary.

Total  noninterest  expense  declined 7.2%, or $1,767,000 from comparable  prior
year amounts.  Excluding the non-recurring charges recorded in the first quarter
of 2000, total noninterest expense would have increased  approximately $333,000,
or 1.5%.

Salaries and employee benefit costs increased $94,000,  or 0.8%, over comparable
2000 amounts. March 31, 2001 employment levels declined 1% from comparable prior
year  amounts.  In addition,  the Company  recorded a reduction in its incentive
costs and its employee education expense during the quarter.

Net occupancy and equipment expense increased 15.5% over prior year amounts. The
majority of this increase is  attributable  to fixed asset  additions  placed in
service in the second  half of 2000 and the first  quarter of 2001.  The Company
also  recorded  substantial  increases in its utility costs when compared to the
same period in 2000.  The  year-over-year  increase in this cost  component  was
approximately 48%.

Data  processing  expense  increased  $136,000,  or 10.6%,  over comparable 2000
amounts. Postage and dispatch costs increased $89,000, or 13.3%, over prior year
totals. The Company implemented revisions in much of its product line during the
first quarter of this year. Those revisions required data processing programming
changes  and  notification  to all  customers  of the product  changes,  and are
responsible for the majority of the increase in these two expense categories.

Advertising and promotional activities expense declined $187,000 from prior year
levels.  This  reduction  is due  principally  to timing.  The Company has a new
advertising  campaign that will launch during the second quarter. It is expected
that 2001  advertising  costs will be at least  equal to the amount  incurred in
2000. As noted above, and as disclosed in previous filings, the Company recorded
a non-recurring  $2,100,000  charge in the first quarter of 2000, which resulted
in an  abnormally  high  level of  professional  services  expense  during  that
quarter. There was no such charge this quarter, and those costs returned to more
traditional levels.

Other  noninterest  expense  declined  5.8% from  comparable  2000  totals.  The
$144,000  reduction in expense was comprised of changes in a number of different
line items. Loan collection  expenses  declined  $57,000,  due to the previously
mentioned  reduction  in consumer  lending  levels.  The Company  also  recorded
declines in both telephone expense and credit card processing costs.

NEW ACCOUNTING STANDARDS
Statement of Financial  Accounting  Standards No. 140, "Accounting for Transfers
and Servicing of Financial Assets and Extinguishments of Liabilities",  provides
accounting  and  reporting  standards  for  transfers and servicing of financial
assets and extinguishments of liabilities.  This Statement is effective for such
transactions occurring after March 31, 2001.

The Company does not  anticipate  that adoption of Statement No. 140 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, 2001                   By: /s/ C.Q. Chandler IV
                                          ---------------------
                                              C.Q. Chandler IV
                                              President
                                             (Principal Executive Officer)




Date:  May 14, 2001                   By: /s/ Jay L. Smith
                                          -----------------
                                              Jay L. Smith
                                              Chief Financial Officer
                                             (Principal Accounting Officer)