SECURITY AND EXCHANGE COMMSSION
                              WASHNGTON, D.C. 20549
                                   FORM 10-QSB
(Mark One)
    (X)    QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
           EXCHANGE ACT OF 1934

           For the quarterly period ended June 30, 2000

                                       OR

    ( )    TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
           EXCHANGE ACT OF 1934

           Commission File Number:        0-29276

                      FIRST ROBINSON FINANCIAL CORPORATION
               (Exact name of registrant as specified its charter)

             DELAWARE                                    36-4145294
       (State or other jurisdiction                 I.R.S. Employer ID Number
       of incorporation or organization)


  501 EAST MAIN STREET, ROBINSON.  ILLINOIS 62454
  (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (618) 544-8621


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  [  ]

As of August 11, 2000, the  Registrant  had 598,357 shares of Common Stock,  par
value $0.01, issued and outstanding.




Transitional Small Business Disclosure Format (check one):
                                          YES                 NO  X


<PAGE>







                      FIRST ROBINSON FINANCIAL CORPORATION
                              Index to Form 10-QSB

PART 1. FINANCIAL INFORMATION                                           PAGE

    Item 1. Financial Statements

        Consolidated Balance Sheet as of June 30, 2000
            And March 31, 2000                                             3

        Consolidated Statements of Income for the Quarters Ended
            June 30, 2000 and June 30, 1999                                4

        Consolidated Statements of Stockholders' Equity for the Quarters
             Ended June 30, 2000 and June 30, 1999                         5

        Consolidated Statements of Cash Flows for the Quarters
             Ended June 30, 2000 and June 30, 1999                         6

        Notes to Consolidated Financial Statements                         8

    Item 2. Management's Discussion and Analysis of
               Financial Condition and Results of Operations               10

PART II OTHER INFORMATION

    Item 1.   Legal Proceedings                                            15

    Item 2.   Changes in Securities                                        15

    Item 3.   Defaults Upon Senior Securities                              15

    Item 4.   Submission of Matters to a Vote of Security Holders          15

    Item 5.   Other Information                                            15

    Item 6.   Exhibits and Reports on Form 8-K                             15


           SIGNATURES                                                      16


<PAGE>


<TABLE>
<CAPTION>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                  CONSOLIDATED STATEMENT OF FINANCIAL CONDITION

                                                                       Unaudited    Audited
                                                                        6/30/00     3/31/00
                                                                        -------     -------
                                     ASSETS                                  ($1,000's)
<S>                                                                    <C>         <C>
Cash and Cash Equivalents:

  Cash and due from banks                                              $    915    $  1,269
  Interest bearing deposits                                               2,916       1,390
                                                                       --------    --------
     Total Cash and Cash Equivalents                                      3,831       2,659

Securities available for sale, amortized cost of $16,575 and $16,234
  at June 30, 2000 and March 31, 2000 respectively                       16,017      15,554
Securities held to maturity, estimated market value of $870 and
  $914 at June 30, 2000 and March 31, 2000, respectively                    867         895
Loans receivable, net                                                    65,328      63,982
Accrued interest receivable                                                 739         698
Premises and equipment, net                                               3,154       2,994
Foreclosed real estate                                                       79          79
Deferred income tax                                                         186         242
Other assets                                                                135         152
                                                                       --------    --------

     Total Assets                                                      $ 90,336    $ 87,255
                                                                       --------    --------



                           LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                               $ 69,592    $ 71,960
Advances from Federal Home Loan Bank                                      7,200       3,600
Repurchase agreements                                                     3,635       1,490
Advances from Borrowers for taxes and insurance                             135         112
Accrued interest payable                                                    295         308
Accrued income taxes                                                         62         228
Accrued expenses                                                            335         251
                                                                       --------    --------
     Total Liabilities                                                   81,254      77,949
                                                                       --------    --------

Commitments and Contingencies

Stockholders' Equity
  Common stock, $ .01 par value; authorized 2,000,000 shares
     859,625 shares issued and outstanding                                    9           9
       Preferred stock, $.01 par value; authorized 500,000 shares,
         No shares issued and outstanding
Additional paid-in capital                                                8,313       8,305
Retained earnings                                                         5,560       5,585
Treasury stock, at cost                                                  (3,534)     (3,243)
Accumulated other comprehensive income                                     (349)       (414)
Common stock acquired by ESOP/RRP                                          (917)       (936)
                                                                       --------    --------
             Total Stockholders' Equity                                   9,082       9,306
                                                                       --------    --------
     Total Liabilities and Stockholders' Equity                        $ 90,336    $ 87,255
                                                                       --------    --------
</TABLE>

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

                                        3
<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                        CONSOLIDATED STATEMENTS OF INCOME
                  For the Quarters Ended June 30, 2000 and 1999

                                                       June 30,
                                                       --------
                                                2000          1999
                                                ----          ----
                                              Unaudited     Unaudited
Interest Income:                                    ($1,000's)
  Interest on Loans                            $1,432        $1,366
  Interest and dividends on securities            284           244
                                               ------        ------
     Total interest income                      1,716         1,610
                                               ------        ------

Interest expense:
  Interest on deposits                            742           715
  Interest on FHLB advances                        70            25
  Interest on repurchase agreements                24            30
                                               ------        ------
   Total interest expense                         836           770
                                               ------        ------

    Net interest income                           880           840

Provision for loan losses                          15            60
                                               ------        ------

    Net interest income after provision           865           780

Non-interest income:
  Service charges                                 102            99
  Loan fees                                        20            24
  Other non-interest income                        35            33
  Gain on sale of loans                             2             0
                                               ------        ------
   Total other income                             159           156

Non-interest expense:
  Compensation and employee benefits              427           411
  Occupancy and equipment                         122           113
  Foreclosed property expense                       2             0
  Data Processing                                  25            19
  Audit, legal and other professional              21            22
  SAIF deposit insurance                            4            15
  Advertising                                      32            20
  Telephone and postage                            24            23
  Other                                            94            82
                                               ------        ------
   Total other expenses                           751           705
                                               ------        ------

    Income before income tax                      273           231

Provision for income taxes                        102            83
                                               ------        ------

   Net Income                                  $  171        $  148

Earnings Per Share-Basic                       $ 0.30        $ 0.20
Earnings Per Share-Diluted                     $ 0.30        $ 0.20


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

                                        4

<PAGE>


<TABLE>
<CAPTION>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                  For The Quarters Ended June 30, 2000 and 1999
                                   (Unaudited)


                                                                                      Unallocated      Accumulated
                                                                                          ESOP          Other               Compre-
                                 Common     Paid-in       Retained       Treasury          and       Comprehensive          hensive
                                  Stock     Capital       Earnings        Stock            RRP          Income      Total    Income
                                 ---------------------------------------------------------------------------------------------------
                                                                               ($1,000's)
<S>                                 <C>      <C>           <C>          <C>             <C>            <C>           <C>
Balance at March 31, 2000           $9       $8,305        $5,585       $(3,243)        $(936)         $(414)        $9,306
Net Income                                                    171                                                       171   $171
                                                                                                                              ----

Other Comprehensive Income
   Unrealized gain (loss) on
   Securities, net of related tax                                                                                              122
      effects of                                                                                                              (57)
   Total other comprehensive income                                                                        65            65     65
                                                                                                                                --
   Total comprehensive income                                                                                                 $236
                                                                                                                              ----

 Allocation of ESOP shares                        8                                        19                            27
Treasury Stock at cost (20,433 shares)                                    (291)                                        (291)
Dividends paid                                              (196)                                                      (196)
                               -----------------------------------------------------------------------------------------------------
Balance at June 30, 2000            $9       $8,313        $5,560       $(3,534)         $(917)        $(349)        $9,082
                                    --       ------        ------       --------         ------        ------        ------


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

<TABLE>
<CAPTION>
                                                                                      Unallocated      Accumulated
                                                                                          ESOP          Other               Compre-
                                 Common     Paid-in       Retained       Treasury          and       Comprehensive          hensive
                                  Stock     Capital       Earnings        Stock            RRP          Income       Total   Income
                                 ---------------------------------------------------------------------------------------------------
                                                                                          ($1,000's)
<S>                                 <C>      <C>           <C>            <C>         <C>               <C>       <C>
Balance at March 31, 1999           $9       $8,277        $5,175         $(747)      $(1,138)          $(14)     $11,562
Net Income                                                    148                                                     148     $148
                                                                                                                              ----

Other Comprehensive Income
   Unrealized gain (loss) on
   Securities, net of related tax                                                                                            (365)
      effects of                                                                                                               142
   Total other comprehensive income                                                                     (223)       (223)    (223)
                                                                                                                             -----
   Total comprehensive income                                                                                                $(75)
                                                                                                                             -----

Rounding                                                        1                                                       1
Allocation of ESOP shares                         6                                          20                        26
Treasury Stock at cost (20,900shares)                                     (269)                                     (269)
Dividends paid                                              (247)                                                   (247)
                               -----------------------------------------------------------------------------------------------------
Balance at June 30, 1999            $9       $8,283        $5,077       $(1,016)       $(1,118)        $(237)     $10,998
                                    --       ------        ------       --------       --------        ------     -------
</TABLE>


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

                                        5
<PAGE>

<TABLE>
<CAPTION>
                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
             For the Quarters Ended June 30, 2000 and June 30, 1999
                                   (Unaudited)

                                                                         June 30,
                                                                    2000        1999
                                                                    ----        ----
                                                                        ($1,000's)
<S>                                                               <C>         <C>
Cash flows from operating activities:
   Net income                                                     $   171     $   148
   Adjustments to reconcile net income to net cash
    provided by (used in) operating activities
     Provision for depreciation                                        72          64
     Provision for loan losses                                         15          60
     Net amortization and accretion on investments                      4          11
     ESOP shares allocated                                             27          26
     Decrease (increase) in accrued interest receivable               (41)        (22)
     Decrease (increase) decrease in prepaid income taxes               0          79
     Decrease (increase) in other assets                               17          (3)
     (Decrease) increase in accrued interest payable                  (13)          3
     (Decrease) increase in accrued income taxes                     (166)          0
     Increase  (decrease) in accrued expenses                          84          84
     Gain on sale of loans                                              2           0
                                                                  -------     -------
         Net cash provided by operating activities                    172         450
                                                                  -------     -------

   Cash flows from investing activities:
     Proceeds from maturities of securities held to maturity           20          15
     Purchase of mortgage-backed securities available for sale       (468)     (4,498)
     FHLB Stock purchased                                             (83)        (45)
     Federal Reserve Bank Stock purchased                            (140)          0
     Repayment of principal on mortgage-backed securities             354         704
     Decrease (increase) in loans receivable                       (1,685)        (44)
     Sale or participation of originated loans                        321       1,024
     Purchase of premises and equipment                              (232)        (65)
                                                                  -------     -------
       Net cash used in investing activities                       (1,913)     (2,909)
                                                                  -------     -------

</TABLE>


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


                                        6
<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                      CONSOLDIATED STATEMENT OF CASH FLOWS
                  For The Quarters Ended June 30, 2000 and 1999
                                   (Unaudited)

                                                                  June 30,
                                                                  --------
                                                            2000          1999
                                                            ----          ----
                                                                 ($1,000's)
Cash flows from financing activities:
   Net increase (decrease) in deposits                   $ (2,368)    $  3,508
   Increase (decrease) in repurchase agreements             2,145         (160)
   Advances from Federal Home Loan Bank                    17,200            0
   Repayment of FHLB advances                             (13,600)           0
   Increase in advances from borrowers
      for taxes and insurance                                  23           19
   Dividends paid                                            (196)        (247)
   Purchase of stock for Recognition & Retention Plan           0            0
   Purchase of treasury stock                                (291)        (269)
                                                         --------     --------
      Net cash provided by financing activities             2,913        2,851
                                                         --------     --------

Increase (decrease) in cash and cash equivalents            1,172          392

Cash and cash equivalents at beginning of period            2,659        5,275
                                                         --------     --------

Cash and cash equivalents at end of period               $  3,831     $  5,667
                                                         --------     --------

Supplemental Disclosures:
 Additional Cash Flows Information:
   Cash paid for:
     Interest on deposits, advances and
       repurchase agreements                             $    849     $    767
     Income taxes:
      Federal                                                 216            0
      State                                                    53            4


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

                                        7
<PAGE>



               FIRST ROBINSON FINANCIAL CORPORATION AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


  (1)   Basis of Presentation

  The consolidated  financial  statements include the accounts of First Robinson
  Financial  Corporation  (the Company) and its wholly owned  subsidiary,  First
  Robinson  Savings  Bank,  National  Association  (the Bank).  All  significant
  intercompany  accounts and transactions have been eliminated in consolidation.
  The accompanying consolidated financial statements are unaudited and should be
  read in  conjunction  with the  consolidated  financial  statements  and notes
  thereto  included in the  Company's  annual  report dated April 20, 2000.  The
  accompanying unaudited consolidated financial statements have been prepared in
  accordance  with the  instructions  for Form  10-QSB  and,  therefore,  do not
  include  information  or footnotes  necessary for a complete  presentation  of
  financial condition,  results of operations, and cash flows in conformity with
  generally accepted accounting principles.  In the opinion of management of the
  Company,   the  unaudited   consolidated   financial  statements  reflect  all
  adjustments  (consisting of normal  recurring  accruals)  necessary to present
  fairly the financial  position of the Company at June 30, 2000 and the results
  of its  operations and cash flows for the three months ended June 30, 2000 and
  1999.  The results of operations  for those months ended June 30, 2000 are not
  necessarily indicative of the results to be expected for the full year.


  (2)   Stock Conversion

  On June 27, 1997,  the  predecessor of the Bank,  First  Robinson  Savings and
  Loan, F.A. completed its conversion from a Federally  chartered mutual savings
  and loan to a National  Bank and was  simultaneously  acquired by the Company,
  which was formed to act as the holding company of the Bank. At the date of the
  conversion,  the Company  completed the sale of 859,625 shares of common stock
  $.01 par value,  to its Eligible  Account Holders and Employee Stock Ownership
  Plan (ESOP),  at $10.00 per share.  Net proceeds from the above  transactions,
  after deducting offering expenses,  underwriting fees, and amounts retained to
  fund the ESOP, totaled $7,504,657.

  (3)   Earnings Per Share

  The Company has adopted Statement of Financial  Accounting  Standards ("SFAS")
  No. 128,  "Earnings per Share," which requires  entities with complex  capital
  structures  to present both basic  earnings per share ("EPS") and diluted EPS.
  Basic EPS excludes  dilution and is computed by dividing  income  available to
  common   shareholders  by  the  weighted   average  number  of  common  shares
  outstanding for the period.  Diluted EPS reflects the potential  dilution that
  could occur if  securities  of other  contracts to issue common stock (such as
  stock  options) were  exercised or converted  into common stock or resulted in
  the  issuance  of common  stock that would then share in the  earnings  of the
  entity. Diluted EPS is computed by dividing net income by the weighted average
  number of common shares  outstanding  for the period,  plus  common-equivalent
  shares  computed  using the treasury  stock  method.  The  Company's  weighted
  average  common shares  outstanding  were 574,348 and 748,234 for the quarters
  ending June 30, 2000 and 1999. The Company approved a stock option plan during
  the quarter ended  September 30, 1998. This plan had no dilutive effect on the
  earnings per share since current stock price was less than option price.


                                        8
<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


(4) Employee Stock Ownership Plan

In connection  with the conversion to the stock form of ownership,  the Board of
Directors  established an employee stock ownership plan (ESOP) for the exclusive
benefit of participating employees. Employees age 21 or older who have completed
one year of service are eligible to participate. Upon the issuance of the common
stock,  the ESOP  acquired  68,770 shares of $0.01 par value common stock at the
subscription price of $10.00 per share. The Bank makes contributions to the ESOP
equal to the ESOP's  debt  service  less  dividends  received  by the ESOP.  All
dividends  received  by the ESOP are  used to pay debt  service.  As the debt is
repaid,  shares are released from collateral and allocated to active  employees.
The Bank accounts for its ESOP in accordance  with  Statement of Position  93-6.
Accordingly,  the debt of the ESOP is recorded as debt and the shares pledged as
collateral  are  reported as unearned  ESOP shares in the  consolidated  balance
sheets.  As shares are released from collateral,  the Bank reports  compensation
expense equal to the current  market price of the shares,  and the shares become
outstanding for earnings-per-share  calculations.  Dividends on allocated shares
are recorded as a reduction of retained earnings;  dividends on unallocated ESOP
shares  are  recorded  as  a  reduction  of  debt  or  accrued  interest.   ESOP
compensation  expense  for the three  months  ended June 30,  2000 and 1999 were
$27,000 and $26,000 respectively.

The ESOP shares at June 30, 2000 and 1999 were as follows:

                                                  2000                 1999
                                                  ----                 ----
      Allocated shares                           23,168               15,197
      Shares released for allocation              3,806                3,985
      Unallocated shares                         41,796               49,588
                                                 ------               ------
      Total ESOP shares                          68,770               68,770

      Fair value of unallocated shares         $600,818             $653,942


(5) Accounting for Derivative Instruments and Hedging Activities

In June  1998,  The  FASB  issued  SFAS  No.  133,  "Accounting  for  Derivative
Instruments  and  Hedging  Activities,"  establishes  accounting  and  reporting
standards  for  derivative  instruments  and  hedging  activities  and  requires
recognition of all derivatives as either assets or liabilities  measured at fair
value.  The accounting for changes in the fair value of a derivative  depends on
the intended use of the derivative and the resulting designation.  SFAS No. 137,
"Accounting for Derivative  Instruments and Hedging  Activities  Deferral of the
Effective  Date of FASB  Statement  No. 133,"  amended  Statement  No. 133 to be
effective  for all fiscal  years  beginning  after June 15,  2000.  Although the
Company has not formally  completed its  evaluation of SFAS No. 133, as amended,
the adoption of the  statement is not expected to have a material  effect on the
consolidated financial statements.


                                        9
<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

FORWARD-LOOKING STATEMENTS

       When  used in  this  filing  and in  future  filings  by  First  Robinson
Financial   Corporation   (the  "Company")  with  the  Securities  and  Exchange
Commission,  in the  Company's  press  releases or other  public or  shareholder
communications,  or in oral  statements  made with the approval of an authorized
executive officer,  the words or phrases "would be," "will allow," "intends to,"
"will likely  result,"  "are expected to," "will  continue,"  "is  anticipated,"
"estimate,"   "project"  or  similar   expressions   are  intended  to  identify
"forward-looking  statements"  within  the  meaning  of the  Private  Securities
Litigation  Reform  Act of 1995.  Such  statements  are  subject  to  risks  and
uncertainties,  including  but not limited to changes in economic  conditions in
the  Company's  market  area,  changes  in  policies  by  regulatory   agencies,
fluctuations  in interest rates,  demand for loans in the Company's  market area
and  competition,  all or some of which  could  cause  actual  results to differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.  References  in this  filing to "we",  "us" , and "our"  refer to the
Company and/or the Bank, as the content requires.

         We wish to caution  readers  not to place  undue  reliance  on any such
forward-looking  statements,  which speak only as of the date made,  and advises
readers  that  various  factors,   including   regional  and  national  economic
conditions,  substantial  changes in levels of market interest rates, credit and
other risks of lending and investment  activities and competitive and regulatory
factors,  could  affect our  financial  performance  and could  cause our actual
results  for future  periods to differ  materially  from  those  anticipated  or
projected.

         We do not undertake,  and  specifically  disclaims any  obligation,  to
update any  forward-looking  statements to reflect  occurrences or unanticipated
events or circumstances after the date of such statements.

GENERAL

       Our principal business, through our operating subsidiary,  First Robinson
Savings Bank, National Association,  (the "Bank") consists of accepting deposits
from  the  general  public  and  investing   these  funds  primarily  in  loans,
mortgage-backed  securities and other securities. Our loans consist primarily of
loans secured by residential  real estate  located in its market area,  consumer
loans, commercial loans, and agricultural loans.

       Our net income is dependent  primarily on our net interest income,  which
is the difference  between  interest  earned on  interest-eaming  assets and the
interest paid on interest-bearing liabilities. Net interest income is a function
of our "interest rate spread," which is the difference between the average yield
earned on interest-earning  assets and the average rate paid on interest-bearing
liabilities.  The interest rate spread is affected by  regulatory,  economic and
competitive  factors  that  influence  interest  rates,  loan demand and deposit
flows.  To a lesser  extent,  our net income  also is  affected  by the level of
general  and  administrative  expenses  and the  level  of other  income,  which
primarily consists of service charges and other fees.

       Our  operations  are  significantly   affected  by  prevailing   economic
conditions,  competition  and the monetary,  fiscal and  regulatory  policies of
government  agencies.  Lending  activities  are influenced by the demand for and
supply of housing,  competition  among lenders,  the level of interest rates and
the  availability  of funds.  Deposit flows and costs of funds are influenced by
prevailing market rates of interest,  competing investments,  account maturities
and the levels of personal income and savings in our market area.

       Historically,  our mission has been to  originate  loans on a  profitable
basis to the  communities we serve.  In seeking to accomplish  our mission,  the
Board of Directors and management have adopted a business  strategy designed (i)
to maintain the Bank's capital level in excess of regulatory requirements;  (ii)
to maintain  asset  quality,  (iii) to maintain,  and if possible,  increase our
earnings; and (iv) to manage our exposure to changes in interest rates.


                                       10

<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management Discussion and Analysis of Financial
                       Condition and Results of Operations


BUSINESS STRATEGY

     We are a  community-oriented,  locally owned financial institution offering
services to residents and businesses of Crawford County,  Illinois,  our primary
market area. We offer fixed rate mortgage products through the Federal Home Loan
Bank of Chicago and USDA Rural Development.  These programs continue to grow and
have provided additional  non-interest income to our Bank. We have developed new
checking account  products and revised  existing  accounts as we continue to see
excellent growth in the number of new checking and savings accounts.  The growth
and push for new low interest  bearing  accounts  fits well within our strategic
plan of lowering our overall cost of funds. Our Internet service continues to be
a good  producer of  non-interest  income,  as we provide  service to over 1,450
customers  throughout  Crawford  County.  We will be  introducing a new wireless
Internet  service to our  customers  within the coming  months.  We are also now
offering  Internet  banking to customers and will soon add a bill paying service
and a cash management package.  PrimeVest Financial Services provides investment
brokerage services to our customers.  We continue to see growth in that service.
We maintain a strong  presence  in the  community  and are the only  independent
community bank in Robinson, Palestine and Oblong, Illinois.

FINANCIAL CONDITION

COMPARISON AT JUNE 30, 2000 AND MARCH 31, 2000

       Our total assets  increased  by  approximately  $3.1 million or 3.5%,  to
$90.3  million at June 30,  2000 from  $87.3  million  at March 31,  2000.  This
increase in total assets was from an increase in securities  available for sale,
cash and cash equivalents and loans.  Securities available for sale increased by
$463,000  or 3.0% to $16.0  million as of June 30,  2000 from  $15.6  million at
March 31,  2000.  Total cash and cash  equivalents  increased by $1.2 million or
44.1% from $2.7  million at March 31, 2000 to $3.8  million as of June 30, 2000.
Loans receivable, net increased by $1.3 million or 2.1% to $65.3 million at June
30, 2000 from $64.0 million as of March 31, 2000.

       Liabilities increased approximately $3.3 million or 4.2% to $81.3 million
at June 30, 2000 from $77.9  million at March 31, 2000. A $3.6 million or 100.0%
increase, for the same period, in Federal Home Loan Bank advances was one of the
primary reasons for the increase in our liabilities.  Repurchase agreements also
increased  during  this  three  month  period.  At March  31,  2000,  repurchase
agreements  were $1.5 million.  They increased by $2.1 million or 144.0% to $3.6
million at June 30,  2000.  These  increases  in FHLB  advances  and  repurchase
agreements were offset by a decrease of $2.4 million or 3.3% in deposits.  Total
deposits for June 30, 2000 were $69.6  million.  This is down from $72.0 million
at March 31, 2000.

       Stockholders'  equity  decreased  $224,000 or 2.4% to $9.1  million as of
June 30, 2000 from $9.3 million on March 31, 2000. The primary factor associated
with this decrease is the stock  repurchase  program that was completed June 20,
2000.  As of June 30,  2000,  compared to March 31,  2000,  we had  purchased an
additional  20,433 shares of treasury  stock at a cost of $291,000  bringing the
total  amount of treasury  stock to be $3.5 million as of June 30, 2000. A $0.32
per share dividend paid to stockholders of record as of June 2, 2000 amounted to
a total of $196,000  being paid from  retained  earnings.  However,  the overall
decrease in  retained  earnings  was $25,000 due to the  addition of $171,000 in
quarterly earnings. These decreases were offset by the increase of $65,000 after
tax in the valuation of our securities.


                                       11

<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management Discussion and Analysis of Financial
                       Condition and Results of Operations

RESULTS OF OPERATION

COMPARISON OF THE QUARTERS ENDED JUNE 30, 2000 AND 1999

PERFORMANCE SUMMARY

       We are  reporting  net earnings of $171,000 for the first  quarter of the
new fiscal year. Earnings for the quarter ended June 30, 1999 were $148,000. The
$23,000 or 15.5%  increase  in net  income was  primarily  from an  increase  of
$85,000 or 10.9% in net interest income after provision offset by an increase of
$46,000 or 6.5% in non-interest  expense and an increase of $19,000 in provision
for income taxes.

NET INTEREST INCOME

         Net interest income increased by $40,000 or 4.8% to $880,000 during the
three months ended June 30, 2000, as compared to $840,000 during the same period
in the prior year.  Interest  income  increased  by  $106,000 or 6.6%.  However,
interest  expense  increased  by $66,000 or 8.6% from  $770,000  for the quarter
ended June 30,  1999 to  $836,000 in  comparison  of the quarter  ended June 30,
2000.

NON-INTEREST INCOME

       Total non-interest  income increased by $3,000 or 1.9% to $159,000 during
the three months ended June 30,  2000,  as compared to $156,000  during the same
period in the prior year. The increase in total non-interest  income was from an
increase  of $3,000 or 3.0% in service  charges,  an increase of $2,000 in other
non-interest income and an increase of $2,000 in gain on loans sold, offset by a
decrease of $4,000 in loan fees.

NON-INTEREST EXPENSE

       Total  non-interest  expense  increased  by $46,000  or 6.5% to  $751,000
during the three months ended June 30, 2000, as compared to $705,000  during the
same period in the prior year.  This increase was due primarily from an increase
of $16,000 or 3.9% in compensation and employee benefits,  an increase of $9,000
or 8.0% in occupancy and equipment expense,  an increase of $2,000 in foreclosed
property expense,  an increase of $6,000 or 31.6% in data processing expense, an
increase of $12,000 or 60.0% in  advertising  expense,  an increase of $1,000 in
postage and  telephone  expense  and an  increase of $12,000 in other  operating
expenses.  These  increases  are  offset by a  decrease  of  $11,000 or 73.3% in
Savings  Association  Insurance Fund deposit insurance  premiums,  a decrease of
$1,000 or 4.5% in audit,  legal and other  professional  fees.  The  increase in
compensation  expense is primarily  from cost of living  adjustments  to current
staff.  Occupancy and equipment  expense increased this quarter in comparison to
the same  quarter in the  previous  year due to the  remodeling  of our Robinson
facility.  In order to offer internet banking to our customers and to add teller
terminals to our current system, we had to increase the capacity of our in-house
computer  system.  A larger computer  system  requires a more extensive  service
contract  which in turn  increased our data  processing  expenses when comparing
this  quarter  ended June 30, 2000 to the same  quarter in the prior  year.  The
increase in advertising  expense is a result of our intent for name  recognition
and push for growing our customer  base.  It is our belief the more  involved we
are in the  community,  the rewards  will  outweigh the costs.  Other  operating
expenses  increased this quarter  compared to the same quarter in the prior year
due to an increase in check processing costs and training costs.

PROVISION FOR LOAN LOSSES

       During the three months ended June 30, 2000,  we recorded  provision  for
loan  losses of $15,000 as  compared to $60,000 for the same period of the prior
year.  This  represents  a  decrease  of  $45,000  or 75.0%.  We  recorded  such
provisions to adjust our allowance for loan losses to a level deemed appropriate
based on an assessment of the volume and lending  presently  being  conducted by
the bank, industry standards,  past due loans, economic conditions in our market
area  generally  and other  factors  related to the  collectability  of the loan
portfolio.  Our non-performing  assets as a percentage of total assets was 1.48%
at June 30, 2000, as compared to 0.20% at June 30, 1999.


                                       12

<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management Discussion and Analysis of Financial
                       Condition and Results of Operations


PROVISION FOR INCOME TAXES

       The Company  recognized a provision for federal and state income taxes of
$102,000 for the three months ended June 30, 2000 as compared to a provision for
income taxes of $83,000 for the same period in the prior year. The effective tax
rate during the three  months ended June 30, 2000 was 37.4% as compared to 35.9%
during the quarter ended June 30, 1999.


LIQUIDITY AND CAPITAL RESOURCES

       Our  principal  sources of funds are deposits and  principal and interest
payments collected on loans, investments and related securities. While scheduled
loan  repayments and maturing  investments are relatively  predictable,  deposit
flows and early loan prepayments are more influenced by interest rates,  general
economic conditions and competition.  Additionally, we may borrow funds from the
FHLB of Chicago,  our  correspondent  banks, Cole Taylor Bank located in Chicago
and Independent  Bankers Bank located in Springfield,  Illinois and the Discount
Window of the Federal Reserve of St. Louis or utilize other  borrowings of funds
based on need, comparative costs and availability at the time.

       At June 30, 2000 we had $7.2 million in advances from the FHLB of Chicago
outstanding  with a $3.6 million or 100.0% change from the amount of advances as
of March 31, 2000. This increase in advances was due to a temporary shortfall of
liquidity.  We use our  liquidity  resources  principally  to  meet  outstanding
commitments  on loans,  to fund  maturing  certificates  of deposit  and deposit
withdrawals  and to  meet  operating  expenses.  We  anticipate  no  foreseeable
problems  in  meeting  current  loan  commitments.  At  June  30,  2000,  we had
outstanding  commitments  to  extend  credit,  which  amounted  to $6.7  million
(including  $2.9 million,  in available  revolving  commercial and  agricultural
lines of credit).  Management believes that loan repayments and other sources of
funds will be adequate to meet any foreseeable liquidity needs.

       Liquidity  management  is both a daily and  long-term  responsibility  of
management.  We adjust our investments in liquid assets based upon  management's
assessment  of (i) expected  loan demand,  (ii) expected  deposit  flows,  (iii)
yields available on interest-bearing  investments and (iv) the objectives of its
asset/liability  management  program.  Excess liquidity generally is invested in
interest-earning  overnight deposits and other short-term  government and agency
obligations.

REGULATORY CAPITAL

       The  Bank  is  subject  to  capital  requirements  of the  Office  of the
Comptroller  of the  Currency  ("OCC").  The OCC  requires  the Bank to maintain
minimum ratios of Tier I capital to total risk-weighted assets and total capital
to risk-weighted  assets of 4% and 8%  respectively.  Tier I capital consists of
total  stockholders'  equity  calculated in accordance  with generally  accepted
accounting  principals less intangible assets, and total capital is comprised of
Tier I capital plus certain adjustments,  the only one of which is applicable to
the Bank is the allowance for loan losses. Risk-weighted assets refer to the on-
and  off-balance  sheet  exposures of the Bank adjusted for relative risk levels
using formulas set forth by OCC regulations.  The Bank is also subject to an OCC
leverage capital requirement,  which calls for a minimum ratio of Tier I capital
to quarterly  average total assets of 3% to 5%,  depending on the  institution's
composite ratings as determined by its regulators.

                                       13

<PAGE>



                  FIRST ROBINSON FINANCIAL CORP. AND SUBSIDIARY
                 Management Discussion and Analysis of Financial
                       Condition and Results of Operations

REGULATORY CAPITAL

     At June 30, 2000, the Bank was in compliance with all of the aforementioned
capital requirements as summarized below:

                                                                   June 30, 2000
                                                                   -------------
                                                                     (1,000's)

Tier I Capital:
         Common stockholders' equity                                  8,632
         Unrealized loss (gain) on securities available for sale        349
         Less disallowed intangible assets                               (2)

           Total Tier I Capital                                       8,979

Tier II Capital:
         Total Tier I capital                                         8,979
         Qualifying allowance for loan losses                           647

           Total capital                                              9,626

Risk-weighted assets                                                 55,720
Quarter average assets                                               88,421


<TABLE>
<CAPTION>
                                                                                                        To be Well Capitalized
                                                                                                           Under the Prompt
                                                                               For Capital                 Corrective Action
                                                Actual                      Adequacy Purposes                 Provisions
                                                ------                      -----------------                 ----------
                                         Amount         Ratio             Amount          Ratio           Amount          Ratio
                                         ------         -----             ------          -----           ------          -----
<S>                                       <C>          <C>                 <C>            <C>               <C>          <C>
As of June 30, 2000:
     Total Risk-Based Capital
       (to Risk-Weighted Assets)          9,626        17.28%              4,458          8.00%             5,572        10.00%
     Tier I Capital
      (to Risk-Weighted Assets)           8,979        16.11%              2,229          4.00%             3,343         6.00%
     Tier I Capital
      (to Average Assets)                 8,979        10.15%              3,537          4.00%             4,421         5.00%
</TABLE>

At the time of the  conversion  of the Bank to a stock  organization,  a special
liquidation  account was established for the benefit of eligible account holders
and the supplemental  account holders in an amount equal to the net worth of the
Bank.  This special  liquidation  account will be maintained  for the benefit of
eligible  account holders and the  supplemental  account holders who continue to
maintain  their  accounts in the Bank after the  conversion on June 27, 1997. In
the event of a complete liquidation, each eligible and the supplemental eligible
account holders will be entitled to receive a liquidation  distribution from the
liquidation  account  in  an  amount   proportionate  to  the  current  adjusted
qualifying balances for accounts then held. With the reorganization completed on
June 27, 1997, this liquidation account became part of stockholders'  equity for
the Company under the same terms and conditions as if the reorganization had not
occurred. The Bank may not declare or pay cash dividends on or repurchase any of
its common  stock if  stockholders'  equity  would be reduced  below  applicable
regulatory capital requirements or below the special liquidation account.

                                       14


<PAGE>



PART II OTHER INFORMATION


Item 1.           Legal Proceedings
                  -----------------
                   None

Item 2.           Changes in Securities
                  ---------------------
                   None.

Item 3.           Defaults Upon Senior Executives
                  -------------------------------
                    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)  The following exhibits are filed herewith:

                      1.   Exhibit 11:  Statement Regarding Computation
                           of  Earnings.

                      2.   Exhibit 27:  Financial Data Schedule


                  b)  Reports on Forms 8-K

                      On June 19, 2000,  the  Registrant  filed a press  release
                      announcing a stock repurchase program to purchase up to 5%
                      of the Company's  outstanding  stock  commencing  June 20,
                      2000 and concluding December 20, 2000.





                                       15

<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.

                                   FIRST ROBINSON FINANCIAL
                                   CORPORATION



Date:    August 11, 2000           /s/ Rick L. Catt
         ---------------           ----------------
                                   Rick L. Catt
                                   President and Chief Executive Officer

Date:    August 11, 2000           /s/ Jamie E. McReynolds
         ---------------           -----------------------
                                   Jamie E. McReynolds
                                   Chief Financial Officer and Vice President












                                       16