U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                           ---------------------------

                                   FORM 10-QSB

[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF  THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended March 31, 2000

[ ]  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 0-22587
                                                -------

                           SFB BANCORP, INC.
    ------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


         Tennessee                                    62-1683732
--------------------------------         ---------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
incorporation or organization)

632 East Elk Avenue, Elizabethton, Tennessee               37643
----------------------------------------------         -------------
  (Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code:  (423) 543-1000
                                                     --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed  by  Section  13 or 15 (d) of the  Securities  Exchange  Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.

                        X      Yes                    No
                    ----------               --------

As of May 1, 2000, there were 622,995 shares of the  Registrant's  common stock,
par value $0.10 per share,  outstanding.  The Registrant has no other classes of
common equity outstanding.

Transitional small business disclosure format:

                               Yes               X    No
                    ----------               --------


<PAGE>
                                SFB BANCORP, INC.
                                 AND SUBSIDIARY

                             Elizabethton, Tennessee

                                      Index

<TABLE>
<CAPTION>

PART I.                                                                                                             Page(s)
-------                                                                                                             -------
<S>                                                                                                                <C>
FINANCIAL INFORMATION

Item 1.
Financial Statements

Consolidated Balance Sheets-(Unaudited) as of December 31, 1999 and March 31, 2000......................................3

Consolidated Statements of  Income - (Unaudited) for the three month periods
  ended March 31, 1999 and 2000.........................................................................................4

Consolidated Statements of Stockholders' Equity - (Unaudited)...........................................................5

Consolidated Statements of Cash Flows - (Unaudited) for the three months
  ended March 31, 1999 and 2000.........................................................................................6

Notes to (Unaudited) Consolidated Financial Statements................................................................7-8

Item 2.
Management's Discussion and Analysis of Financial Condition
  and Results of Operations..........................................................................................9-11

PART II.
--------

OTHER INFORMATION

Item 1.  Legal Proceedings.............................................................................................12

Item 2.  Changes in Securities.........................................................................................12

Item 3.  Defaults Upon Senior Securities...............................................................................12

Item 4.  Submission of Matters to a Vote of Security Holders...........................................................12

Item 5.  Other Information.............................................................................................12

Item 6.  Exhibits and Reports on Form 8-K..............................................................................12

Signatures.............................................................................................................13
</TABLE>

                                       2
<PAGE>
                        SFB BANCORP, INC. AND SUBSIDIARY

                           Consolidated Balance Sheets
                                   (Unaudited)
                        (in thousands, except share data)
<TABLE>
<CAPTION>

                                                                      December 31,   March 31,
                                                                      ------------ ------------
           Assets                                                        1999         2000
           ------                                                        ----         ----
<S>                                                                  <C>          <C>
Cash on hand                                                           $  1,424    $    592
Interest earning deposits                                                   738         880
Investment securities:
   Held to maturity (market value of $911
     in 1999 and $923 in 2000)                                            1,017         988
   Available for sale (amortized cost of $2,124
     in 1999 and $2,124 in 2000)                                          2,091       2,091
Loans receivable, net                                                    43,789      44,525
Mortgage-backed securities:
   Available for sale (amortized cost of $2,225 in
     1999 and $2,043 in 2000)                                             2,183       1,969
Premises and equipment, net                                               1,011       1,011
Federal Home Loan Bank stock                                                487         495
Accrued interest receivable                                                 280         286
Prepaid expenses and other assets                                           109          67
                                                                       --------    --------

         Total assets                                                  $ 53,129    $ 52,904
                                                                       ========    ========

   Liabilities and Stockholders' Equity
   ------------------------------------

Deposits                                                               $ 40,435    $ 40,372
Federal Home Loan Bank advances                                             500         500
Advance payments by borrowers for taxes and insurance                       220         375
Accrued expenses and other liabilities                                      157         162
Deferred income taxes                                                       101          88
                                                                       --------    --------
         Total liabilities                                               41,413      41,497
                                                                       --------    --------
Stockholders' equity:
   Preferred stock ($.10 par value, 1,000,000 shares authorized;
   none outstanding)                                                          -           -
   Common stock ($.10 par value, 4,000,000 shares authorized;
     767,000 shares issued; 679,417 and 622,995 outstanding
     at  December 31, 1999 and March 31, 2000, respectively )                77          77
   Paid-in capital                                                        7,382       7,384
   Retained earnings, substantially restricted                            6,165       6,291
   Treasury stock at cost (87,583 and 144,005 shares at December 31,
     1999 and March 31, 2000, respectively)                              (1,208)     (1,667)
   Accumulated other comprehensive income                                   (45)        (65)
   Unearned compensation:
     Employee stock ownership plan                                         (419)       (401)
     Restricted stock plan                                                 (236)       (212)
                                                                       --------    --------
         Total stockholders' equity                                      11,716      11,407
                                                                       --------    --------
         Total liabilities and stockholders' equity                    $ 53,129    $ 52,904
                                                                       ========    ========
</TABLE>

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

                                       3
<PAGE>
                        SFB BANCORP, INC. AND SUBSIDIARY

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

                                          For Three Months Ended
                                                March 31,
                                            -----------------
                                               1999   2000
                                               ----   ----
Interest income:
   Loans                                       $820   $881
   Mortgage-backed securities                    43     31
   Investments                                   55     49
   Interest earning deposits                     37      4
                                               ----   ----
         Total interest income                  955    965
                                               ----   ----
Interest expense:
   Deposits                                     466    456
   Federal Home Loan Bank Advances               --      7
                                               ----   ----
         Total interest expense                 466    463
                                               ----   ----

         Net interest income                    489    502

Provision for loan losses                         9      9
                                               ----   ----
         Net interest income after provision
           for loan losses                      480    493
                                               ----   ----

Non-interest income:
   Loan fees and service charges                 42     51
   Other                                          3      3
                                               ----   ----
         Total non-interest income               45     54
                                               ----   ----

Non-interest expenses:
   Compensation                                 140    179
   Employee benefits                             32     35
   Net occupancy expense                         23     32
   Deposit insurance premiums                     6      2
   Data processing                               25     32
   Other                                         71     68
                                               ----   ----
         Total non-interest expenses            297    348
                                               ----   ----

         Income  before income taxes            228    199

Income tax expense                               86     73
                                               ----   ----

         Net income                            $142   $126
                                               ====   ====

Earnings per share
    Basic                                      $.22   $.21

    Diluted                                    $.22   $.21


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

                                       4
<PAGE>
                        SFB BANCORP, INC. AND SUBSIDIARY

                 Consolidated Statements of Stockholders' Equity
                                   (Unaudited)
                        (in thousands, except share data)
<TABLE>
<CAPTION>
                                                                                       Accumulated
                                                                                          Other      Unearned Compensation
                                           Common     Paid-In    Retained    Treasury  Comprehensive ---------------------
                                           Stock      Capital    Income       Stock       Income     for ESOP   for RSP      Total
                                           -----      -------    ------       -----       ------     --------   -------      -----
<S>                                     <C>        <C>        <C>         <C>         <C>         <C>         <C>         <C>
Balance at December 31, 1998                   77      7,368      5,732      (1,034)        (24)       (491)       (358)     11,270

Comprehensive income:
   Net income                                   -          -        559           -           -           -           -         559
   Unrealized losses on
     securities available for sale,
     net of income tax expense                  -          -          -           -         (21)          -           -         (21)

Cash dividends declared ($.20 share)            -          -       (126)          -           -           -           -        (126)

Treasury stock purchased (72,850 shares)        -          -          -        (174)          -           -           -        (174)

Compensation earned                             -         14          -           -           -          72         122         208
                                         --------   --------   --------    --------    --------    --------    --------    --------

Balance at December 31, 1999                   77      7,382      6,165      (1,208)        (45)       (419)       (236)     11,716

Comprehensive income:
    Net income                                  -          -        126           -           -           -           -         126

   Unrealized losses on
     securities available for sale,
     net of income tax expense                  -          -          -           -         (20)          -           -         (20)

Treasury stock purchased (56,422 shares)        -          -          -        (459)          -           -           -        (459)

Compensation earned                             -          2          -           -           -          18          24          44
                                         --------   --------   --------    --------    --------    --------    --------    --------

Balance at March 31, 2000                $     77   $  7,384   $  6,291    $ (1,667)   $    (65)   $   (401)   $   (212)   $ 11,407
                                         ========   ========   ========    ========    ========    ========    ========    ========

</TABLE>

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

                                       5
<PAGE>
                        SFB BANCORP, INC. AND SUBSIDIARY

                      Consolidated Statements of Cash Flows
                                   (Unaudited)
                                 (in thousands)
<TABLE>
<CAPTION>
                                                                                  Three Months Ended
                                                                                        March 31,
                                                                                  --------------------
                                                                                     1999       2000
                                                                                   -------    -------
<S>                                                                               <C>        <C>
Operating activities:
   Net income                                                                      $   142    $   126
   Adjustments to reconcile net income  to net cash  provided (used)
     by operating activities:
     Depreciation                                                                       17         24
     Provision for loan losses                                                           9          9
     Net increase (decrease) in deferred loan fees                                     (10)         2
     Accretion of discounts on investment securities, net                               (7)        (5)
     Amortization of premiums on mortgage-backed securities                              2         --
     Amortization of unearned compensation                                              49         44
     FHLB stock dividends                                                               (8)        (8)
     (Increase) decrease in other assets                                               (18)        42
     (Increase) in accrued interest receivable                                          (5)        (6)
     Increase (decrease) in accrued expenses and other liabilities                     (19)         5
     Increase in current income taxes                                                   47         --
                                                                                   -------    -------
         Net cash provided by operating activities                                     199        233
                                                                                   -------    -------

Investing activities:
   Maturities of investment securities held to maturity                                 33         34
   Purchase of investment securities available for sale                             (1,298)        --
   Maturities of investment securities available for sale                            1,000         --
   Principal payments on mortgage-backed securities
     available for sale                                                                436        181
   Net (increase) in loans                                                            (118)      (747)
   Purchase of premises and equipment                                                  (82)       (24)
                                                                                   -------    -------
         Net cash (used) by investing activities                                       (29)      (556)
                                                                                   -------    -------

Financing activities:
   Net increase (decrease) in deposits                                             $   721    $   (63)
   Increase in advance payments by borrowers for
     taxes and insurance                                                               143        155
    Proceeds from FHLB Advances                                                         --        800
    Repayment of FHLB Advances                                                          --       (800)
   Treasury stock purchased                                                            (21)      (459)
                                                                                   -------    -------
         Net cash provided (used) by financing activities                              843       (367)
                                                                                   -------    -------
         Increase (decrease) in cash and cash equivalents                            1,013       (690)

Cash and cash equivalents at beginning of period                                     2,839      2,162
                                                                                   -------    -------
Cash and cash equivalents at end of period                                         $ 3,852    $ 1,472
                                                                                   =======    =======
Supplemental  disclosures of cash flow information:
  Cash paid during the period for:
     Interest                                                                      $   449    $   465
     Income taxes                                                                       57          9
                                                                                   =======    =======
Noncash transactions:
   Unrealized gains (losses) on securities and mortgage-backed
     securities available for sale, net of deferred taxes                          $     5    $   (20)

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

                                       6
<PAGE>
                                SFB BANCORP, INC.
                                 AND SUBSIDIARY

                   Notes to Consolidated Financial Statements
                                   (Unaudited)
                         (Tabular amounts in thousands)


1.   Basis of Preparation
     --------------------

     The accompanying  unaudited consolidated financial statements were prepared
     in  accordance  with  instructions  for Form 10-QSB and  therefore,  do not
     include  all  disclosures  necessary  for a  complete  presentation  of the
     consolidated   balance   sheets,   consolidated   statements   of   income,
     consolidated   statements  of   stockholders'   equity,   and  consolidated
     statements of cash flows in conformity with generally  accepted  accounting
     principles.   However,  all  adjustments  which  are,  in  the  opinion  of
     management,  necessary for the fair  presentation of the interim  financial
     statements  have  been  included.  All  such  adjustments  are of a  normal
     recurring nature.  The statement of income for the three month period ended
     March 31, 2000 is not  necessarily  indicative  of the results which may be
     expected for the entire year.

     It is suggested  that these  consolidated  financial  statements be read in
     conjunction with the audited  consolidated  financial  statements and notes
     thereto  for the  Company  for the year ended  December  31, 1999 which are
     included in the Form 10-KSB by reference (file no. 0-22587).

2.   Earnings Per Share
     ------------------

     Basic  earnings per common  share for all periods  presented is computed by
     dividing  net  income  by the  weighted  average  number  of  common  share
     outstanding.  Diluted earnings per common share is computed by dividing net
     income  available to common  stockholders by the weighted average number of
     common shares  outstanding  and dilutive  potential  common  shares,  which
     include stock  options.  Dilutive  potential  common shares are  calculated
     using the treasury stock method.  Options to purchase  73,630 shares of the
     Company's common stock were outstanding during the March 2000 quarter,  but
     were not included in the  computation  of diluted EPS because  their effect
     would be anti-dilutive.
<TABLE>
<CAPTION>

                                               March 31, 1999           March 31, 2000
                                               ---------------      -----------------------
                                               Income   Shares         Income   Shares
                                               ------   ------         ------   ------
<S>                                             <C>       <C>           <C>       <C>
Net Income                                       $142                    $126
BASIC  EPS
  Income available to common stockholders        $142      645           $126      611
  Per share amount                               $.22                    $.21
Effect of Dilutive Securities                    $.00                    $.00
DILUTIVE EPS
  Income available to common stockholders        $142      645           $126      611
  Per share amount                               $.22                    $.21
</TABLE>

                                       7
<PAGE>

3.   Asset Quality
     -------------

     The   following   table  sets  forth   information   regarding  the  Bank's
     nonperforming  loans (i.e.,  loans which are contractually past due 90 days
     or more) at December 31, 1999 and March 31, 2000,  respectively.  As of the
     dates  indicated,  the Bank  had no  loans  categorized  as  troubled  debt
     restructuring within the meaning of SFAS 15.

                                              December 31,         March 31,
                                                 1999                2000
                                                 ----                ----

         Nonaccrual loans                        $ 217              $ 407
         Repossessed real estate                     -                  -
                                                 -----              -----
         Total nonperforming assets              $ 217              $ 407
                                                  ====               ====

         Nonperforming loans to net loans          .50%               .91%
         Nonperforming assets to total assets      .41%               .77%


                                       8
<PAGE>
Item 2.
         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                              RESULTS OF OPERATIONS

General

The  Private  Securities  Litigation  Reform Act of 1995  contains  safe  harbor
provisions regarding forward-looking  statements.  When used in this discussion,
the words  "believes",  "anticipates",  "contemplates",  "expects",  and similar
expressions are intended to identify forward-looking statements. Such statements
are subject to certain risks and uncertainties  which could cause actual results
to differ materially from those projected. Those risks and uncertainties include
changes in  interest  rates,  risk  associated  with the effect of opening a new
branch,  the  ability  to  control  costs and  expenses,  and  general  economic
conditions. The Company undertakes no obligation to publicly release the results
of any  revisions  to those  forward  looking  statements  which  may be made to
reflect  events  or  circumstances  after  the date  hereof  or to  reflect  the
occurrence of unanticipated events.

The following discussion and analysis is intended to assist in understanding the
financial condition and the results of operations of the Company.  References to
the "Company" include SFB Bancorp, Inc. and/or the Bank as appropriate.

Comparison  of Results of  Operations  for the Three Months Ended March 31, 1999
and 2000

Net Income. Net income decreased  $16,000,  or 11.3%, for the three months ended
March 31,  2000,  to  $126,000,  compared to $142,000 for the three months ended
March 31,  1999.  The  decrease  was  primarily  the  result of an  increase  in
non-interest  expenses,  offset by an increase in net interest  income and lower
income tax expense.  Basic income per share  decreased  $.01,  from $.22 for the
three month ended March 31,  1999,  to $.21 for the three months ended March 31,
2000.

Net Interest Income.  Net interest income increased  approximately  $13,000,  or
2.7%,  from  $489,000 for the three months ended March 31, 1999, to $502,000 for
the three  months ended March 31,  2000.  The  increase in net  interest  income
primarily  reflects a $747,000  decrease  in  average  interest-earning  assets,
offset  by  an  approximate   $578,000  decrease  in  average   interest-bearing
liabilities.  The  interest  rate spread  increased  from 2.91% for three months
ending  March 31,  1999,  to 3.07% for the three  months  ending March 31, 2000,
while the net interest  margin  increased 16 basis points to 3.99% for the three
months ended March 31, 2000.

Interest Income. Total interest income increased $10,000,  from $955,000 for the
three months ended March 31, 1999,  to $965,000 for the three months ended March
31,  2000.  The increase was  attributable  to a 19 basis point  increase in the
average  yield on  average  interest-earning  assets,  offset by an  approximate
$747,000 decrease in average  interest-earning  assets to $50.3 million at March
31, 2000.  Interest on loans  increased  $61,000,  interest on  interest-earning
deposits  decreased $33,000,  and interest on investments  decreased $6,000. The
increase in interest on loans  primarily  reflects an increase of  approximately
$4.0 million in the average loans  outstanding  balance for 2000, as compared to
1999. The decrease in interest on interest-earning deposits

                                       9
<PAGE>

primarily  reflects a $3.1  million  decrease  in the  average  interest-earning
deposits  balance for 2000,  as compared  to 1999.  Interest on  mortgage-backed
securities  decreased $12,000 as the portfolio continues to mature and principal
payments are  received.  The $3.1 million  decrease in average  interest-earning
deposits, along with the principal payments from mortgage-backed securities were
used to fund loan demand, deposit withdrawals and stock repurchases.

Interest Expense. Interest expense decreased $3,000, from $466,000 for the three
months  ended March 31,  1999,  to $463,000 for the three months ended March 31,
2000.  The decrease for the three months ended March 31, 2000 was  primarily the
result of a  decrease  of  approximately  $978,000  in the  average  balance  of
deposits outstanding, offset by a $400,000 increase in average Federal Home Loan
Bank of  Cincinnati  advances  outstanding  for the three month  period in 2000,
compared to the same period in 1999.

Provision for Loan Losses.  The provision for loan losses for three month period
ended  March 31, 1999 and 2000 was $9,000,  respectively.  Management  regularly
performs an analysis to quantify the inherent risk of loss in its portfolio.  At
March 31, 2000 the ratio of the  allowance  for loan loss was at a level  deemed
adequate by management to provide for losses in the loan portfolio. The ratio of
allowance for loan loss to non-performing loans at March 31, 2000 was 88.66% and
nonperforming loans represented .77% of total consolidated assets.

Non-Interest  Income.  Non-interest  income  remains a relatively  insignificant
source of income for the  Company.  The income is  produced  by fees on new loan
production and service fees on other products and services.  Total  non-interest
income was  $54,000  for the three  months  ended  March 31,  2000,  compared to
$45,000 for the three months ended March 31, 1999.

Non-Interest   Expense.   Non-interest   expense  increased  by  $51,000,   from
approximately  $297,000  for the three month  period  ended March 31,  1999,  to
approximately  $348,000  for the three month  period in 2000.  The  increase was
primarily the result of increased  compensation  expense of $39,000,  a combined
$16,000  increase in net occupancy  and data  processing  expenses,  offset by a
$7,000  reduction  in deposit  insurance  premiums and other  expenses  incurred
during the period.  The  increase in  compensation  expense for the three months
ended March 31, 2000, was primarily attributable normal compensation  increases,
an extra payroll period in the 2000 quarter, compared to 1999, combined with the
addition of extra  personnel  associated  with the new branch office in Mountain
City,  Tennessee.   The  decrease  in  other  non-interest  expense  was  mainly
attributable to management's  attempt to control general operating  expenses and
those  expenses  associated  with being a public  company.  The  increase in net
occupancy expense was mainly attributable to expenses associated with the Bank's
additional  branch  office in Mountain  City,  Tennessee.  The  increase in data
processing  was  mainly  attributable  to  expenses  associated  with  increased
transaction volumes and ATM services. The decrease in deposit insurance premiums
was  attributable  to reduced  insurance  assessment  rates.

Income  Taxes.  Income tax expense for the three  months  ended March 31,  2000,
decreased $13,000, to $73,000, compared to the same period in 1999. The decrease
was primarily the result of lower pre-tax income. The effective tax rate for the
three  months  ended March 31,  2000 and 1999,  was  approximately  37% and 38%,
respectively.

                                       10
<PAGE>


Liquidity and Capital Resources.  The Company's primary sources of funds are new
deposits, proceeds from principal and interest payments on loans, and repayments
on mortgage-backed  securities.  While maturities and scheduled  amortization of
loans are a predictable source of funds,  deposit flows and mortgage prepayments
are greatly  influenced  by general  interest  rates,  economic  conditions  and
competition. The Company's primary investing activity is loan originations.  The
Company maintains liquidity levels adequate to fund loan commitments, investment
opportunities, deposit withdrawals and other financial commitments. At March 31,
2000 there were no material commitments for capital expenditures. Obligations to
fund outstanding loan commitments at March 31, 2000 were approximately $294,000.

At  March  31,  2000  management  had no  knowledge  of any  trends,  events  or
uncertainties  that will have or are reasonably  likely to have material effects
on the  liquidity,  capital  resources or operations of the Company.  Further at
March 31, 2000,  management was not aware of any current  recommendations by the
regulatory authorities which, if implemented, would have such an effect.

The Bank exceeded all of its capital  requirements  at March 31, 2000.  The Bank
had the following capital ratios at March 31, 2000:
<TABLE>
<CAPTION>
                                                                     For Capital               Categorized as
                                            Actual                Adequacy Purposes         "Well Capitalized"(1)
                                    ------------------------    -----------------------    ------------------------
                                      Amount       Ratio          Amount      Ratio          Amount       Ratio
                                    ------------ -----------    ----------- -----------    ------------ -----------
<S>                                <C>              <C>        <C>              <C>       <C>              <C>
   As of March 31, 2000:

   Total Capital
      (To risk weighted assets)     $    9,862       30.2%      $    2,609       8.0%      $    3,262       10.0%

   Tier I Capital
      (To risk weighted assets)     $    9,501       29.1%      $    1,305       4.0%      $    1,957        6.0%

   Tier I Capital
      (To total assets)             $    9,501       18.3%      $      979       3.0%      $    1,631        5.0%

   Tangible Capital
      (To total assets)             $    9,501       18.3%      $      489       1.5%      $    1,631        5.0%

</TABLE>

   (1) As categorized under the Prompt Corrective Action Provisions.


                                       11
<PAGE>

                           Part II. OTHER INFORMATION

Item 1.  Legal Proceedings
         -----------------

            From time to time, the Company and its  subsidiaries  may be a party
            to various legal proceedings  incident to its or their business.  At
            March 31, 2000, there were no legal proceedings to which the Company
            or any subsidiary was a party,  or to which of any of their property
            was  subject,  which  were  expected  by  management  to result in a
            material loss.

Item 2.  Changes in Securities
         ---------------------

            None

Item 3.  Defaults Upon Senior Securities
         -------------------------------

            None

Item 4.  Submission of Matters to a Vote of Security Holders
         ---------------------------------------------------

            None

Item 5.  Other Information
         -----------------

            None

Item 6.  Exhibits and Reports on Form 8-K
         --------------------------------

(a)      3(i)     Charter of SFB Bancorp, Inc.*
         3(ii)    Bylaws of SFB Bancorp, Inc. *
         4        Specimen Stock Certificate *
         10       Employment Agreement with Peter W. Hampton  *
         10.1     SFB Bancorp, Inc. 1998 Stock Option Plan **
         10.2     Security Federal Bank Restricted Stock Plan **
         27       Financial Data Schedule ( Electronic filing only)

         *    Incorporated by reference to the Registration  Statement on
              Form SB-2, File No. 333-23505.
        **    Incorporated  by reference to the proxy statement for the
              annual meeting of stockholders on June 1, 1998 and filed with
              the SEC on April 17, 1998.

(b)       Reports on Form 8-K

          None.

                                       12
<PAGE>


                                   SIGNATURES

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

                                            SFB Bancorp, Inc.




Date:      May 9, 2000                        By /s/ Peter W. Hampton
           --------------                       --------------------------------
                                                 Peter W. Hampton
                                                 (President and Chief Executive
                                                  Officer)





Date:      May 9, 2000                        By /s/ Bobby Hyatt
           --------------                       --------------------------------
                                                 Bobby Hyatt
                                                 (Principal Accounting Officer)



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