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

                                   FORM 10-QSB

(Mark One)

X        Quarterly  report under Section 13 or 15(d) of the Securities  Exchange
         Act of 1934 For the quarterly period ended June 30, 2000

___      Transition report under Section 13 or 15(d) of the Exchange Act
         For the transition period from _______________ to ________________

                          Commission File No. 333-41545

                                 ebank.com, Inc.
       ------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)

             Georgia                                 58-2349097
             -------                                 ----------
    (State of Incorporation)            (I.R.S. Employer Identification No.)

                  2410 Paces Ferry Road, Atlanta, Georgia 30339
                  ---------------------------------------------
                    (Address of Principal Executive Offices)

                                 (770) 863-9229
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

                                 Not Applicable

(Former  Name,  Former  Address and Former  Fiscal Year,  if Changed  Since Last
Report)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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
                                                                          -- --

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

         1,469,250 shares of common stock, par value $.01 per share, were issued
and outstanding as of August 7, 2000.

         Transitional Small Business Disclosure Format (check one): Yes    No X
                                                                       --    --

<PAGE>
<TABLE>
<CAPTION>

                                 ebank.com, Inc.
                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS

                                                                              June 30,           December 31,
                                                                                2000                1999
                                                                                ----                ----
                                                                            (Unaudited)             (Audited)

<S>                                                                     <C>                   <C>
Cash and due from banks                                                 $     2,171,789       $       152,899
Federal funds sold                                                            9,220,000               620,000
Investment securities available for sale                                              -               994,700
Other investments                                                               163,053               213,000
Loans, net of allowance for loan losses of $844,000 and  $730,000,           54,220,430            47,867,286
respectively
Premises and equipment, net                                                   2,246,855             1,498,568
Accrued interest receivable                                                     472,975               185,572
Investment in Talisman Technologies, Inc.                                       665,932                     -
Other assets                                                                    268,193               531,345
                                                                        ---------------       ---------------
         Total assets                                                   $    69,429,227       $    52,063,370
                                                                        ===============       ===============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                              $      62,306,579      $     41,611,122
Accrued interest payable                                                        130,839                86,422
Other liabilities                                                               830,395               424,183
                                                                      -----------------      ----------------
         Total liabilities                                                   63,267,813            42,121,727
                                                                      -----------------      ----------------

SHAREHOLDERS' EQUITY

Common stock, $.01 par value, 10,000,000 shares authorized,
1,630,688 and 1,469,250 shares issued and outstanding,
respectively                                                                     16,307                14,693

Surplus                                                                      14,386,390            13,722,072
Accumulated deficit                                                          (8,188,783)           (3,793,472)
Accumulated other comprehensive loss                                            (52,500)               (1,650)
                                                                      ------------------     ----------------
           Total shareholders' equity                                         6,161,414             9,941,643
                                                                      -----------------      ----------------

          Total liabilities and shareholders' equity                  $      69,429,227      $     52,063,370
                                                                      =================      ================

</TABLE>

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

                                 ebank.com, Inc.
                         CONSOLIDATED STATEMENTS OF LOSS
                                   (UNAUDITED)

                                                             For the three months ended               For the six months ended
                                                             --------------------------               ------------------------
                                                                       June 30,                               June 30,
                                                                       --------                               --------

Interest income                                                 2000              1999               2000              1999
                                                                ----              ----               ----              ----
<S>                                                       <C>                    <C>          <C>                    <C>
         Loans, including fees.........................   $    1,316,261         612,058      $    2,551,072         963,174
         Investment securities:
             U.S. Government agencies and
             corporations..............................                0          47,164               2,503            93,849
         Other investments.............................            1,281           1,363               2,498             1,850
         Federal funds sold............................           42,987          95,147              77,020           186,447
                                                          --------------  --------------      --------------    --------------
         Total interest income.........................        1,360,529         755,732           2,633,093         1,245,320
                                                          --------------  --------------      --------------    --------------
Interest expense

         Interest bearing demand and money market                176,558         178,594             356,526           239,410
         Savings.......................................              272             130                 408               238
         Time deposits of $100,000 or more.............          151,756          57,594             284,524           108,115
         Other time deposits...........................          369,100          74,103             635,956           136,248
         Other borrowings..............................              574              36               3,548                36
                                                          --------------  --------------      --------------    --------------
         Total interest expense........................          698,260         310,457           1,280,962           484,047
                                                          --------------  --------------      --------------    --------------
Net interest income....................................          662,269         445,275           1,352,131           761,273
Provision for possible loan losses.....................           56,000          58,000             114,000           128,000
                                                          --------------  --------------      --------------    --------------
Net Interest income after provision
         for possible loan losses......................          606,269         387,275           1,238,131           633,273
                                                          --------------  --------------      --------------    --------------
Other income...........................................           24,597           7,214              48,206             8,939
                                                          --------------  --------------      --------------    --------------

         Total other income                                       24,597           7,214              48,206             8,939
                                                          --------------  --------------      --------------    --------------
Other expense

         Salaries and other compensation...............          809,440         282,609           1,436,585           510,231
         Employee benefits.............................          214,670          59,356             412,172           104,530
         Net occupancy and equipment expense...........          324,032         121,205             607,286           217,393
         Professional and other outside services.......        1,977,926         213,761           2,961,900           270,625
         Other expense.................................          149,550         131,884             263,706           252,185
                                                          --------------  --------------      --------------    --------------
         Total other expenses..........................        3,475,618         808,815           5,681,649         1,354,964
                                                          --------------  --------------      --------------    --------------
Loss before income tax benefit.........................       (2,844,752)       (414,326)         (4,395,312)         (712,752)
Income tax benefit.....................................               --              --                  --                --
                                                          --------------  --------------      --------------    --------------
         Net loss......................................   $   (2,844,752) $     (414,326)     $   (4,395,312)   $     (712,752)
                                                          =============== ==============      ==============   ===============
Basic and diluted loss per common share................   $        (1.74) $         (.28)      $       (2.81)    $        (.49)
                                                          ==============  ==============      ==============    ==============

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


<PAGE>

<TABLE>
<CAPTION>

                                 ebank.com, Inc.
                  Consolidated Statements of Comprehensive Loss
                                   (Unaudited)

                                                          For the three months ended           For the six months ended
                                                          ---------------------------          ------------------------
                                                                    June 30,                            June 30,
                                                                    --------                            --------
                                                            2000               1999              2000             1999
                                                            ----               ----              ----             ----
<S>                                               <C>                <C>                <C>              <C>
Net loss                                              $ (2,844,752)      $   (414,326)      $ (4,395,312)    $   (712,752)
Other comprehensive loss:
       Unrealized loss on securities
       available for sale                                  (52,500)            (3,756)           (50,850)          (4,135)
                                                      -------------      -------------      -------------    -------------
Comprehensive loss                                    $ (2,897,252)      $   (418,082)      $ (4,446,162)    $   (716,887)
                                                      =============      =============      =============    =============


</TABLE>

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


<PAGE>
<TABLE>
<CAPTION>


                                 ebank.com, Inc.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                                          For the six months ended
                                                                                                  June 30,
                                                                                            2000             1999
                                                                                            ----             ----
Cash Flows from operating activities:

<S>                                                                                   <C>              <C>
         Net loss                                                                     $    (4,395,312) $      (712,752)
         Adjustment to reconcile net loss to net cash used
         by operating activities:
         Net accretion of investment securities                                                (3,601)         (91,092)
         Depreciation and amortization of premises and equipment                              286,610           78,984
         Provision for possible loan losses                                                   114,000          128,000
         Decrease (increase) in other assets                                                  263,152          (93,448)
         (Increase) in accrued interest receivable                                           (287,403)         (72,842)
         Increase in accrued interest payable                                                  44,417           29,166
         Increase (decrease) in other liabilities                                             406,211          (15,150)
                                                                                      ---------------  ---------------
                  Net cash used by operating activities                                    (3,571,926)        (749,134)
                                                                                      ---------------- ---------------
Cash flows from investing activities:
         Purchase of investment securities available for sale                                       0       (8,946,262)
         Purchase of other investments                                                         (2,600)               0
         Maturities of investment securities available for sale                             1,000,000        9,000,000
         Loans originated, net of principal repayments                                     (6,467,144)     (17,699,106)
         Purchases of premises and equipment                                               (1,034,897)        (209,620)
                                                                                      ---------------- ---------------
                  Net cash used by investing activities                                    (6,504,641)     (17,854,988)
                                                                                      ---------------- ---------------
Cash flows from financing activities:
         Net increase in deposits                                                          20,695,457       18,212,287
                                                                                      ---------------  ---------------
                  Net cash provided by financing activities                                20,695,457       18,212,287
                                                                                      ---------------  ---------------
Net increase (decrease) in cash and cash equivalents                                       10,618,890         (391,835)
Cash and Cash Equivalents:
         Beginning of period                                                                  772,899        9,923,677
                                                                                      ---------------  ---------------
         End of period                                                                $    11,391,789    $   9,531,842
                                                                                      ===============  ===============
</TABLE>


Supplemental Disclosure of Noncash Investing and Financing Activities:
---------------------------------------------------------------------

On March 16, 2000,  the Company  issued  161,438 shares of common stock (9.9% of
its common stock outstanding on the closing date) valued at $665,932 in exchange
for 9.9% of the common stock of Talisman Technologies, Inc. (See Note 5)

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


<PAGE>

                                 ebank.com, Inc.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1 -BASIS OF PRESENTATION

         The accompanying  unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the instructions to Form 10-QSB and Item 310 (b)
of Regulation  S-B.  Accordingly,  they do not include all the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included.  Operating results for the three-month period ended June 30, 2000
are not necessarily  indicative of the results that may be expected for the year
ending  December  31,  2000.  For further  information,  refer to the  Company's
consolidated financial statements and footnotes included in the Company's annual
report on Form 10-KSB.

         ebank.com,  Inc.  (formerly  known  as  Southeastern  Commerce  Holding
Company)  provides  a  full  range  of  banking  and  bank-related  services  to
individual and corporate customers through its bank subsidiary, located in north
Atlanta,  Georgia. Shortly after the opening of the bank subsidiary,  plans were
developed to offer Internet banking services,  and regulatory  approval for such
services was obtained in December 1998.  Effective April 20, 1999, the corporate
name was changed to "ebank.com,  Inc." and the Internet domain name  "ebank.com"
was acquired.  Internet banking services began on June 30, 1999. ebank.com, Inc.
and its  subsidiaries  are  subject  to  intense  competition  for  all  banking
services,  including  Internet  banking,  from other financial  institutions and
nonbank financial service companies.

         ebank.com, Inc. (the "Parent Company") was incorporated, under the laws
of the State of  Georgia  on August 22,  1997,  to  operate as a unitary  thrift
holding company under the supervision of the Office of Thrift Supervision. ebank
(the  "Bank")  began as a general  banking  business  on August 17,  1998,  as a
wholly-owned  subsidiary  of the  Parent  Company.  The  consolidated  financial
statements  include  the  accounts of the Parent  Company  and its  wholly-owned
subsidiary,  the Bank,  collectively  known as the  "Company."  All  significant
intercompany accounts and transactions have been eliminated in consolidation.

NOTE 2 - SHARES USED IN COMPUTING NET LOSS PER SHARE

         Basic and diluted loss per share are based on 1,630,688  and  1,564,161
weighted average shares  outstanding for the three and six months ended June 30,
2000,  respectively.  There were 218,026 potential common shares  outstanding at
June 30, 2000,  related to common stock options.  These shares were not included
in the  computation of the diluted loss per share amount because the Company was
in  a  net  loss  position  and,   thus,   any  potential   common  shares  were
anti-dilutive.

NOTE 3 - NEW ACCOUNTING PRONOUNCEMENTS

Accounting Pronouncement Affecting Future Periods

         The  Financial  Accounting  Standards  Board has  issued  Statement  of
Financial  Accounting  Standards No. 133 (SFAS 133)  "Accounting  for Derivative
Instruments  and Hedging  Activities."  SFAS 133 is  effective  for fiscal years
beginning  after June 15,  2000.  Under SFAS 133, a company will  recognize  all
free-standing  derivative  instruments in the statement of financial position as
either assets or liabilities and will measure them at fair value. The difference
between a  derivative's  previous  carrying  amount and its fair value  shall be
reported  as  a  transition   adjustment   presented  in  net  income  or  other
comprehensive  income,  as  appropriate,  in a manner  similar to the cumulative
effect of a change in accounting  principle.  This statement also determines the
accounting  for the  changes in fair  value of a  derivative,  depending  on the
intended use of the derivative


<PAGE>

and  resulting  designation.  The adoption of SFAS 133 is not expected to have a
significant  impact  on the  consolidated  financial  condition  or  results  of
operations of the Company.

NOTE 4 - ACCUMULATED OTHER COMPREHENSIVE LOSS

         Accumulated other comprehensive loss is as follows:

                                                       Unrealized
                                                       Gains (Losses)
                                                       On Securities
                                                      --------------

          Beginning balance - December 31, 1999       $     (1,650)
          Current - period change                         ( 50,850)
                                                      ------------
          Ending balance -  June 30, 2000             $   ( 52,500)
                                                      ============

NOTE 5 - INVESTMENT IN TALISMAN TECHNOLOGIES,  INC.

         On March 16,  2000,  the  Company  entered  into an  exclusive  15-year
license agreement with Talisman Technologies,  Inc. ("Talisman") an affiliate of
Talisman  Entertainment,  Inc.,  to  use  its  Internet  ATM  technology  in its
installation  and  operation  of ATMs  within the  United  States,  and  granted
Talisman  a  15-year  license  to  use  its  banking   knowledge  and  know-how,
trademarks,  business plans, and marketing  materials outside the United States.
As  consideration  for these licenses,  the Company issued 161,438 shares of its
common  stock to  Talisman,  which  represented  9.9% of its common stock on the
closing  date,  and  was  committed  to  issue  additional  shares  to  maintain
Talisman's 9.9% interest if certain events occur. In return, Talisman issued the
Company  9.9% of the then  outstanding  shares  of its  common  stock on a fully
diluted  basis.  In addition,  the Company  agreed to enter into an  outsourcing
agreement  with  Talisman  within 180 days after the closing,  pursuant to which
Talisman will provide our core data processing services.

         On July 14, 2000,  the Company and Talisman  agreed not to proceed with
an outsourcing agreement and, pursuant to the terms of the agreement, the entire
transaction  between the  parties,  including  the license  transfers  and share
issuances, was rescinded. As a result, the 161,438 shares of common stock issued
to Talisman have been redeemed, the licenses granted to Talisman and the Company
have been cancelled, and the related agreements have been terminated.

NOTE 6 - EVENT SUBSEQUENT TO JUNE 30, 2000

         On August 8, 2000, the Company entered into a $2,500,000 loan agreement
with a nonaffiliated financial institution.  Proceeds from the loan will be used
by the Company to repay amounts payable to its bank subsidiary. The loan matures
on July 31, 2001 and has an annual interest rate of the lender's prime rate less
0.50%. The loan is collateralized by a pledge of 100% of the outstanding  common
stock of the bank subsidiary owned by the Company and by guarantees  provided by
the directors,  the former Chairman of the Board of Directors, and the President
of the Company. The loan provides that additional collateral will be provided to
the lender if the book value of the Bank stock pledged is less than  $6,000,000.
The Company must also maintain certain  financial  ratios,  primarily related to
capital adequacy.


<PAGE>



NOTE 7 - SUPPLEMENTAL CONSOLIDATING BALANCE SHEETS AND STATEMENTS OF LOSS
<TABLE>
<CAPTION>

                                 ebank.com, Inc.
                           Consolidating Balance Sheet
                       For the Period ending June 30, 2000
                                   (unaudited)

                                                                 ebank.com, Inc.        Eliminations          Consolidated
                                               Ebank             Holding Company                              ebank.com, Inc.
                                           --------------      ---------------------    --------------     -------------------
ASSETS

<S>                                           <C>                          <C>              <C>             <C>
  Cash and due from banks                     $1,978,010                   $193,779                $0              $2,171,789

  Federal funds sold                           9,200,000                     20,000                 0               9,220,000

  Other investments                               65,553                    763,432                 0                 828,985

  Loans receivable

    (net of allowance for loan losses)         54,118,321                   102,109                 0              54,220,430

  Premises and equipment

    (net of accumulated depreciation)            802,855                  1,444,000                 0               2,246,855

  Investment in subsidiary                             0                  6,668,519        (6,668,519)                      0

  Interest receivable                            467,418                      5,557                 0                 472,975

  Other assets                                 2,693,239                    141,012        (2,566,058)                 268,193
                                              ----------                  ---------        ----------              -----------

                             Total Assets     69,325,396                  9,338,408        (9,234,577)              69,429,227
                                              ==========                  =========        ==========              ===========
LIABILITIES

  Deposits                                    62,306,579                          0                 0              62,306,579

  Accrued interest payable                       130,839                          0                 0                 130,839

  Payable to ebank                                                        2,566,058       (2,566,058)                       0
                                                       0

  Other liabilities                              219,459                    610,936                                   830,395
                                                                                                    0

                                           --------------      ---------------------    --------------     -------------------

                        Total Liabilities     62,656,877                  3,176,994       (2,566,058)              63,267,813

SHAREHOLDERS' EQUITY

  Common stock                                     8,500                     16,307           (8,500)                  16,307

  Surplus                                      8,491,500                 14,386,390       (8,491,500)              14,386,390

  Accumulated deficit                        (1,831,481)                (8,188,783)         1,831,481             (8,188,783)

  Accumulated other comprehensive loss                 0                   (52,500)                 0                (52,500)
                                           --------------      ---------------------    --------------     -------------------

               Total Shareholders' Equity      6,668,519                  6,161,414       (6,668,519)               6,161,414

                    Total Liabilities and

                     Shareholders' Equity     69,325,396                  9,338,408       (9,234,577)              69,429,227
                                              ==========                  =========       ===========              ==========

</TABLE>

<PAGE>
<TABLE>
<CAPTION>

                                 ebank.com, Inc.
                         Consolidating Statement of Loss
                       For Six Months Ended June 30, 2000
                                   (unaudited)

                                                           ebank.com, Inc.                       Consolidated
                                              ebank        Holding Company      Eliminations     ebank.com,Inc
                                            ----------    ------------------  --------------   ---------------

Income

<S>                                     <C>                   <C>                   <C>       <C>
Interest income                               $2,611,221            $21,872               $0        $2,633,093
                                            ------------       ------------      ------------   --------------

                     Total Interest Income     2,611,221             21,872                0         2,633,093

Interest Expense                               1,280,962                  0                0         1,280,962
                                            ------------       ------------      ------------   --------------

                    Total Interest Expense     1,280,962                  0                0         1,280,962

                       Net Interest Income     1,330,259             21,872                0         1,352,131

           Provision For Loan Loss Reserve       114,000                  0                0           114,000
                                            ------------       ------------      ------------   --------------

       Net Interest Income after provision     1,216,259             21,872                0         1,238,131

Other Income                                      36,935             11,271                0            48,206
                                            ------------       ------------      ------------   --------------

                        Total Other Income        36,935             11,271                0            48,206


Other Expense

   Salaries and other compensation               717,577            719,008                0         1,436,585

   Employee benefits                             155,336            256,836                0           412,172

   Net occupancy and equipment                   246,102            361,184                0           607,286

   Professional and other outside

   services                                      304,977          2,656,923                0         2,961,900

    Other                                        130,022            133,684                0           263,706
                                            ------------      -------------       -----------   --------------

                  Total Operating Expenses     1,554,014          4,127,635                0         5,681,649

                Loss From Subsidiary-ebank             0           (300,820)          300,820                0

                         Loss Before Taxes     (300,820)         (4,395,312)          300,820       (4,395,312)

Income Taxes Benefit                                   0                  0                 0                0
                                            ------------       ------------       -----------   --------------

                                  Net Loss      (300,820)        (4,395,312)          300,820       (4,395,312)
                                            ============       ============       ===========   ==============

</TABLE>

<PAGE>



PART I - FINANCIAL INFORMATION

Item 2.  Management's Discussion and Analysis or Plan of Operation.

         This  Report  contains  statements  which  constitute   forward-looking
statements  within the meaning of Section 27A of the  Securities Act of 1933 and
the  Securities  Exchange  Act of  1934.  These  statements  are  based  on many
assumptions  and estimates and are not  guarantees  of future  performance.  Our
actual results may differ materially from those projected in any forward-looking
statements,  as they will  depend on many  factors  about  which we are  unsure,
including many factors which are beyond our control.  The words "may,"  "would,"
"could,"  "will,"  "expect,"  "anticipate,"  "believe,"  "intend,"  "plan,"  and
"estimate,"  as  well  as  similar  expressions,  are  meant  to  identify  such
forward-looking statements. Other potential risks and uncertainties include, but
are not limited to:

o        significant  increases in  competitive  pressure in the banking and
         financial  services  industries,  especially  the Internet
         banking sector;

o        whether the Company can successfully implement new business strategies
         and manage projected growth;

o        changes in the interest rate environment which could reduce anticipated
         or actual margins;

o        changes in political conditions or the legislative or regulatory
         environment;

o        general  economic  conditions,  either  nationally  or  regionally  and
         especially  in primary  service  area,  becoming  less  favorable  than
         expected  resulting in, among other things,  a deterioration  in credit
         quality;

o        changes occurring in business conditions and inflation;

o        changes in technology;

o        changes in monetary and tax policies;

o        changes in the securities markets; and

o        other risks and uncertainties detailed from time to time in our filings
         with the Securities and Exchange Commission,  including our Form 10-KSB
         for the year ended December 31, 1999.

Financial Condition

         Total  consolidated   assets  increased  by  $17,365,857  or  33.4%  to
$69,429,227  during the six-month  period ended June 30, 2000.  The increase was
generated primarily through a net increase in deposits of $20,695,457 or 49.7%.

         At June 30, 2000, the Company's assets  consisted  primarily of federal
funds  sold  of  $9,220,000,   other  investments  of  $163,053,  net  loans  of
$54,220,430,  property at cost less accumulated depreciation of $2,246,855, cash
due from banks of  $2,171,789,  investment  in  Talisman  Technologies,  Inc. of
$665,932,  and other assets totaling $268,193. The Company's liabilities at June
30, 2000,  were  $63,267,813,  consisting of deposits of $62,306,579 and accrued
expenses and other liabilities of $961,234.  The Company's  shareholders' equity
totaled $6,161,414 at June 30, 2000. The transaction with Talisman Technologies,
Inc. was  terminated on July 14, 2000.  For further  discussion,  see Note 5 and
Item 5.

<PAGE>

Results of Operations

         From the Bank's  opening date on August 17, 1998 through June 30, 2000,
the Bank has  attracted  approximately  $62.3  million in deposits  and made net
loans of $54.2  million.  Net interest  income for the three month period ending
June 30, 2000 totaled  $662,269  compared to net interest income of $445,275 for
the  three-month  period  ending June 30,  1999.  This  increase in net interest
income in the 2nd quarter of 2000 over the 2nd quarter of 1999 is primarily  due
to an increase in earning  assets,  including  primarily the increase in average
loans of $26.4 million,  offset somewhat by the reduction in average  investment
securities of $3.5 million, respectively.

         Our  provision for loan losses for the three months ended June 30, 2000
and 1999 was  $56,000 and  $58,000,  respectively.  This was offset  somewhat by
other income of $24,597 and $7,214 respectively.

         On an annualized basis, other income represents less than .08% of total
assets.  This figure is  relatively  low because in order to attract new banking
relationships,  the Bank's fee  structure  and charges are low when  compared to
other banks.

         Operating  expenses  for the  three-month  period  ending June 30, 2000
totaled  $3,475,618,  including  salaries  and other  compensation  of $809,440,
employee  benefits  expenses of $214,670,  occupancy and  equipment  expenses of
$324,032,  professional  and other  outside  services of  $1,977,926,  and other
expenses of $149,550.  On an annualized basis, other expenses represents .90% of
total assets. Operating expenses for the three-month period ending June 30, 1999
totaled $808,815.

         The Company incurred significant increases in operating expenses in the
three-month  period  ending  June  30,  2000  over the  same  period  in 1999 in
connection  with the launch of a new business  strategy in the first  quarter of
2000. The primary  components of these expenses  included  additional  staffing,
occupancy,  and  professional  expenses to support the  projected  growth of the
Company,  marketing expenses to promote the Company's products and services, and
other  general  operating  expenses.  In July 2000,  the Company  announced  the
reevaluation  of this business  strategy and the  restructuring  of  management,
which included the elimination of some senior level  positions,  to reduce costs
at the holding company level. For further discussion, see Item 5.

         As a result of this  reevaluation of its business  strategies,  at June
30,  2000,  the  Company  wrote off  certain  costs  which had  previously  been
capitalized.  These  write-offs  included  $693,173  related to a private  stock
placement offering, which was suspended due to adverse market conditions and has
not yet been resumed. Additionally,  unamortized prepaid marketing related costs
of $125,000 were written off related to certain suspended business strategies.

         The  Company  had a net loss of  $2,844,752  or $1.74 per share for the
three-month  period ending June 30, 2000,  compared to a net loss of $414,326 or
$.28 per share for the three-month period ending June 30, 1999.

Allowance for Loan Losses

         There are risks  inherent  in making  all loans,  including  risks with
respect to the period of time over which  loans may be repaid,  risks  resulting
from changes in economic and industry conditions, risks inherent in dealing with
individual borrowers, and, in the case of a collateralized loan, risks resulting
from  uncertainties  about the future value of the collateral.  To address these
risks, we have developed policies and procedures to evaluate the overall quality
of our credit  portfolio  and the timely  identification  of  potential  problem
loans.  We maintain an  allowance  for  possible  loan losses which we establish
through  charges in the form of a  provision  for loan  losses.  We charge  loan
losses and credit recoveries directly to this allowance.

         We attempt to maintain  the  allowance at a level that will be adequate
to provide for potential losses in our loan portfolio. To maintain the allowance
at an adequate  level,  we  periodically  make  additions  to the


<PAGE>

allowance  by  charging  an  expense  to the  provision  for loan  losses on our
statement of operations.  We currently evaluate the allowance for loan losses on
an overall  portfolio  basis, but we intend to begin allocating the allowance to
loan categories once the loan portfolio becomes large and diversified  enough to
support  such  an  allocation  system.  We  consider  a  number  of  factors  in
determining  the  level  of  this  allowance,  including  our  total  amount  of
outstanding  loans,  our  amount  of past due  loans,  our  historic  loan  loss
experience, general economic conditions, and our assessment of potential losses.
Our  evaluation  is  inherently  subjective  as it requires  estimates  that are
susceptible to significant  change.  Our losses will  undoubtedly  vary from our
estimates,  and there is a possibility  that  charge-offs in future periods will
exceed the allowance for loan losses as estimated at any point in time.

         At  December  31,  1999,  the  allowance  for loan  losses  amounted to
$730,000.  By June 30, 2000, the allowance had grown to $844,000.  The allowance
for loan  losses,  as a  percentage  of total  gross  loans,  is 1.53% as of the
three-month period ended June 30, 2000. We had one non-performing  loan totaling
$74,586,  which was subsequently sold in July 2000. We had no significantly past
due loans at June 30, 2000 and had no  charge-offs  for the  three-month  period
ending June 30, 2000.

Average Balances, Income and Expense, and Rates

         Net interest income represents the difference between interest received
on interest  earning assets and interest paid on interest  bearing  liabilities.
The  following   represents,   in  a  tabular  form,  the  main   components  of
interest-earning  assets  and  interest-bearing  liabilities  for the six months
ended June 30, 2000:

          Interest                                        Interest
       Earning Assets/               Average               Income/       Yield/
     Bearing Liabilities             Balance                Cost          Cost
     -------------------             -------              ---------      ------

Federal funds sold              $     2,659,020      $       77,020        5.79%
Investment securities                   154,595               5,001        6.47%
Loans                                50,936,006           2,551,072       10.02%
                                ---------------      --------------  -----------

     Total                      $    53,749,621      $    2,633,093        9.80%
                                ===============      =============   ===========

Deposits                        $    49,015,676      $    1,280,962        5.23%
                                ===============      ==============  ===========

Net interest income                                  $    1,352,131        4.57%
                                                     ==============  ===========

Net yield on earning assets                                                5.03%
                                                                     ===========

         The following  represents,  in a tabular form,  the main  components of
interest-earning  assets and  interest-bearing  liabilities for the three months
ended June 30, 2000:
<PAGE>


          Interest                                          Interest
       Earning Assets/                  Average           Income/      Yield/
     Bearing Liabilities                Balance            Cost         Cost
     -------------------                -------           -------      ------

Federal funds sold                    $  2,900,347     $    42,987       5.93%
Investment securities                       65,553           1,281       7.82%
Loans                                   53,087,587       1,316,261       9.92%
                                      ------------     -----------    --------

     Total                            $ 56,053,487     $ 1,360,529       9.71%
                                      ============     ===========    ========

Deposits                              $ 52,291,099     $   698,260       5.34%
                                      ============     ===========    ========

Net interest income                                    $   662,269       4.37%
                                                       ===========    ========

Net yield on earning assets                                              4.73%
                                                                      ========

Liquidity and Sources of Capital

         Liquidity  is the  Company's  ability to meet all  deposit  withdrawals
immediately,  while also  providing for the credit needs of customers.  The June
30, 2000  financial  statements  evidence a satisfactory  liquidity  position as
total cash, cash  equivalents,  and federal funds sold amounted to approximately
$11.4  million,  or 16% of total  assets.  Note that the  Company's  ability  to
maintain and expand its deposit base and borrowing  capabilities are a source of
liquidity.  For the  three-month  period  ended June 30,  2000,  total  deposits
increased from $49.0 million to $62.3 million,  representing an increase of 27%.
The Company  closely  monitors  and attempts to maintain  appropriate  levels of
interest-earning  assets and interest-bearing  liabilities so that maturities of
assets are such that adequate  funds are available to meet customer  withdrawals
and loan demand.

         As noted  above,  the  Company  commenced  a private  offering  to fund
expenses  related to its new  business  strategy  that it  launched in the first
quarter of 2000. Due to adverse market  conditions,  the Company  suspended this
offering and it has not yet been resumed.  In July 2000,  the Company  announced
the  restructuring of management,  which included the elimination of some senior
level positions,  and the reevaluation of certain business  strategies to reduce
costs at the holding  company  level.  In addition,  the Company is  considering
additional  funding   alternatives,   including  selling  additional  equity  or
borrowing  additional  funds from third parties.  On August 8, 2000, the Company
closed on a $2,500,000  loan to repay  amounts due to its bank  subsidiary.  The
Company  expects to be able to meet all current and future  obligations  at both
the holding  company and bank levels through these sources of funds and from the
operations of the Bank.

         The Company and the Bank maintain  adequate levels of capitalization as
measured by the following  capital  ratios and the  respective  minimum  capital
requirements by the OTS, the Bank's primary regulator.

                                             Bank      Company         Minimum
                                           Capital     Capital       Regulatory
     Capital ratios at June 30, 2000        Ratio       Ratio        Requirement
                                            -----       -----        -----------

     Tier 1 capital                           11.1%      10.4%          4.0%
     Tier 2 capital                            1.2%       1.3%
                                          ---------   --------
       Total risk-based capital ratio         12.3%      11.7%          8.0%
                                          =========   ========       =======

     Leverage ratio                            9.6%       8.9%          4.0%
                                          =========   ========       =======


         The OTS has established a 3.0% minimum leverage


<PAGE>

ratio  requirement.  The leverage  ratio is computed by dividing  Tier 1 capital
into  average  assets.  For all except the  highest  rated  banks,  the  minimum
leverage  ratio  should be 3.0% plus an  additional  cushion  of at least 1 to 2
percent, depending upon risk profiles and other factors.

         Management  believes  that,  as of June 30, 2000,  the Company and Bank
meet all capital requirements to which they are subject.

Liquidity And Rate Sensitivity

         Asset/liability management is the process by which the Company monitors
and controls the mix and maturities of its assets and liabilities. The essential
purposes of  asset/liability  management are to ensure adequate liquidity and to
maintain  an  appropriate   balance  between   interest   sensitive  assets  and
liabilities to minimize  potentially adverse impacts on earnings from changes in
market interest rates.

         The  Company  measures  interest  rate  sensitivity  as the  difference
between  amounts of  interest-earning  assets and  interest-bearing  liabilities
which either reprice or mature within a given period of time. The difference, or
the interest rate repricing "gap," provides an indication of the extent to which
an  institution's  interest  rate spread will be affected by changes in interest
rates. A gap is considered  positive when the amount of interest-rate  sensitive
assets exceeds the amount of interest-sensitive  liabilities,  and is considered
negative  when the amount of  interest-rate  sensitive  liabilities  exceeds the
amount  of  interest-sensitive  assets.  Generally,  during a period  of  rising
interest rates, a negative gap within shorter  maturities would adversely affect
net interest income, while a positive gap within shorter maturities would result
in an increase in net interest  income,  and during a period of falling interest
rates, a negative gap within shorter  maturities  would result in an increase in
net interest  income while a positive gap within shorter  maturities  would have
the opposite effect.
<PAGE>


         The table below shows the interest  rate  sensitivity  of the Company's
assets and liabilities as of June 30, 2000:
<TABLE>
<CAPTION>

                                                         After three
                                            Within         but within       After one
                                            Three           twelve          But within    After five
                                            Months          months          five years      Years           Total
                                         -------------  ---------------    ---------------------------  ---------------
                                                                    (Dollars in Thousands)
 Interest-earning assets:
<S>                                      <C>             <C>                <C>           <C>           <C>
   Federal funds sold                    $    9,220      $       --         $        --   $       --    $     9,220
   Other  securities                             66              --                  --           --             66
   Loans                                     27,842           5,827              17,846        3,550         55,065
                                         ----------      ----------         -----------  -----------    -----------
 Total earning assets                    $   37,128      $    5,827         $    17,846   $    3,550    $    64,351
                                         ==========      ==========         ===========   ==========    ===========

 Interest-bearing liabilities:
   Money market, savings and NOW         $  13,143       $       --         $        --   $       --    $    13,143
   Time deposits                              6,962          34,187               2,412           --         43,561
                                         ----------      ----------         -----------  -----------    -----------
 Total interest-bearing liabilities      $   20,105      $   34,187         $     2,412   $       --    $    56,704
                                         ==========      ==========         ===========   ==========    ===========

 Interest-sensitivity gap                $   17,023      $  (28,360)        $    15,434   $    3,550    $     7,647
                                         ==========      ===========        ===========   ==========    ===========

 Cumulative interest-sensitivity gap     $   17,023      $  (11,337)        $     4,097   $    7,647    $     7,647
                                         ==========      ===========        ===========   ==========    ===========

 Ratio of interest-sensitivity gap to
   total earning assets                    26.45%           (44.07)%              23.98%      5.52%

 Ratio of cumulative
   interest-sensitivity gap to total
   earning assets                          26.45%           (17.62)%            6.37%        11.88%
</TABLE>

         As  evidenced  by  the  table  above,   the  Company  is   cumulatively
liability-sensitive  at one year.  However,  the Company's gap analysis is not a
precise indicator of its interest  sensitivity  position.  The analysis presents
only a static  view of the timing of  maturities  and  repricing  opportunities,
without taking into  consideration  that changes in interest rates do not affect
all assets and liabilities equally. Net interest income may be impacted by other
significant  factors in a given interest rate environment,  including changes in
the volume and mix of earning assets and interest-bearing liabilities.


<PAGE>



Loan Portfolio

         Since loans  typically  provide  higher  interest  yields than do other
types of  earning  assets,  the  Company's  intent is to  channel a  substantial
percentage of its earning assets into the loans  category.  Average loans, on an
annualized basis, were approximately  $50,936,006 for the six-month period ended
June 30, 2000. Total gross loans outstanding at June 30, 2000 were $55,064,430.

         The following table summarizes the composition of the loan portfolio at
June 30, 2000:

                                                                 Percent
                                                Amount           of total
                                            ----------------    -----------

 Commercial                                 $   11,726,060          21.22%
 Real estate - individual                         2,292,505          4.15%
 Real estate - commercial                        38,621,253         69.90%
 Installment loans to individuals                 2,613,722          4.73%
                                            ----------------    -----------
 Total loans                                     55,253,540        100.00%
                                                                ===========
 Less:   Net deferred loan fees                   (189,110)
         Allowance for loan loss                  (844,000)
                                            ----------------
 Total net loans                            $   54,220,430
                                            ================

         The principal  components of the Company's  loan  portfolio at June 30,
2000 were mortgage loans and commercial  loans,  which  represented 95.3% of the
portfolio.  Due to the short time the portfolio has existed,  the current mix of
loans may not be  indicative  of the ongoing  portfolio  mix.  The Company  will
attempt to maintain a relatively  diversified  loan portfolio to help reduce the
risk inherent in concentration of collateral.

Other Matters

         On November 4, 1999, the U.S. Senate and House of Representatives  each
passed the  Gramm-Leach-Bliley  Act,  previously known as the Financial Services
Modernization  Act of 1999. The Act was signed into law by President  Clinton on
November 12, 1999. Among other things, the Act repeals the restrictions on banks
affiliating  with  securities  firms  contained  in  sections  20  and 32 of the
Glass-Steagall  Act. The Act also permits bank holding  companies to engage in a
statutorily  provided  list of financial  activities,  including  insurance  and
securities  underwriting and agency activities,  merchant banking, and insurance
company portfolio investment activities. The Act also authorizes activities that
are "complementary" to financial activities.

         The Act  contains a number of  provisions  specifically  applicable  to
federal thrifts. For example, the Act repeals the Savings Association  Insurance
Fund special  reserve;  modernizes  the Federal Home Loan Bank System;  provides
regulatory relief for community banks with satisfactory or outstanding Community
Reinvestment Act ratings in the form of less frequent  compliance  examinations;
and creates privacy  provisions that address  consumer needs without  disrupting
necessary  information  sharing  between  community  banks and  their  financial
services partners.

         The Act also  prohibits  new  unitary  thrift  holding  companies  from
engaging in nonfinancial  activities or affiliating with nonfinancial  entities.
The  prohibition  applies to a company  that  becomes a unitary  thrift  holding
company  pursuant  to an  application  filed  with the OTS  after  May 4,  1999.
However,  a grandfathered  unitary thrift holding company,  such as our Company,
retains its authority to engage in nonfinancial activities.

         The Act is intended to grant to  community  banks  certain  powers as a
matter of right that larger  institutions  have  accumulated on an ad hoc basis.
Nevertheless,  the  Act  may  have  the  result  of  increasing  the  amount  of
competition that we face from larger  institutions and other types of companies.
In fact, it is not


<PAGE>

possible  to predict  the full effect that the Act will have on us. From time to
time other  changes are proposed to laws  affecting  the banking  industry,  and
these changes  could have a material  effect on our business and  prospects.  We
cannot  predict  the  nature or the  extent of the  effect on our  business  and
earnings of fiscal or monetary policies,  economic  controls,  or new federal or
state legislation.

         Other than as described  in this Form 10-QSB,  the Company is not aware
of  any  current   recommendation  by  the  regulatory   authorities  which,  if
implemented,  would have a material effect on the Company's  liquidity,  capital
resources, or results of operations.

                                     PART II

                                OTHER INFORMATION

Item 1.  Legal Proceedings.

         In late May 1999,  we  received  a notice  from  Huntington  Bancshares
Incorporated  asserting  that  it has  superior  trademark  rights  in the  name
"ebank."  In  1996,  Huntington  Bancshares   Incorporated  obtained  a  federal
trademark  registration  for the term "E-BANK." Based on our review of materials
Huntington  sent us  describing  its use of the term  "E-BANK,"  we believe that
Huntington's  use of the term is limited to a description  of a system  platform
which Huntington at one time offered or planned to offer on a wholesale basis to
other banks.  We do not believe that  Huntington has used the term in connection
with offering financial services to the public. Consequently,  we do not believe
that our ownership rights in the service mark "ebank" and our use of the mark to
provide  financial   services  on  the  Internet  and  elsewhere  infringe  upon
Huntington's federal trademark.  In order to clarify the situation,  on June 30,
1999 we filed an action in the United  States  District  Court for the  Northern
District of Georgia, asking for a declaratory judgment that we have the right to
use  "ebank.com"  as  a  trademark  for  Internet   banking   services   despite
Huntington's registration. Rather than answering our complaint, Huntington filed
suit against us on August 10, 1999 in the United States  District  Court for the
Eastern District of Ohio,  alleging  trademark  infringement over our use of the
name  "ebank.com."  In the Ohio  action,  Huntington  is seeking  an  injunction
against our use of the name  "ebank.com"  and "ebank," as well as treble damages
and  all  profits  realized  by us by  reason  of our use of the  name  "ebank."
Huntington  has  submitted a motion to dismiss the Georgia  action,  and we have
submitted  a motion to dismiss the Ohio  action,  in each case on the grounds of
lack of  jurisdiction.  On March 29,  2000,  the  district  court in the Georgia
action granted  Huntington's motion to dismiss on the grounds that the court did
not have  jurisdiction  over  Huntington.  Currently,  there are substantive and
procedural  motions to dismiss  Huntington's  claims  against us in Ohio.  These
motions to dismiss  are fully  briefed  and are ripe for  ruling.  Discovery  is
underway  in the  Ohio  action  and the  parties  have  produced  documents  and
responded to written interrogatories.

         Although  we  intend  to  vigorously  defend  our  rights  to the  name
"ebank.com,"  we cannot predict the outcome of this  litigation.  Although we do
not expect this,  in the worst case we could be required to pay damages,  change
our  name,  and  choose a new  domain  name  from  which  to host  our  Internet
operations,  and the amount of damages  could even include the actual  amount of
damages  sustained  by  Huntington,  multiplied  by three,  plus all  profits we
realize through the use of the name "ebank," and even punitive damages.

         There are no other material  legal  proceedings to which the Company or
any of its properties are subject.

Item 2.  Changes in Securities.

         None.

Item 3.  Defaults Upon Senior Securities.

         None.
<PAGE>


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

         None.

Item 5.  Other Information.

         In July  2000,  James L. Box  replaced  Richard A.  Parlontieri  as the
Company's Chief Executive  Officer.  Mr. Box also replaced Mark D. Little as the
Company's Chief Financial Officer. In addition, Frank Perisino resigned from the
Company's board of directors and Gary M. Bremer was named Chairman of the Board,
replacing  Mr.  Parlontieri.  Although  the  Company  will  continue  to  pursue
opportunities to grow its core business by focusing on small business  customers
and the Internet as a delivery channel, the Company eliminated some senior level
positions and is reevaluating certain business strategies to reduce costs.

         On July 14, 2000,  the Company and Talisman  agreed not to proceed with
an outsourcing agreement and, pursuant to the terms of the agreement, the entire
transaction  between the  parties,  including  the license  transfers  and share
issuances, was rescinded. As a result, the 161,438 shares of common stock issued
to Talisman have been redeemed, the licenses granted to Talisman and the Company
have been cancelled, and the related agreements have been terminated.

         On August 8, 2000, the Company closed on a $2,500,000 loan. The Company
is considering  additional  funding  alternatives,  including selling additional
equity or borrowing additional funds from third parties.

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

         (a)      Exhibits.

         27.1.    Financial Data Schedule (for electronic filing purposes)
         ---------------------

         (b)      Reports on Form 8-K.

         None.

                                   SIGNATURES

         In accordance  with Section 13 or 15(d) of the Securities  Exchange Act
of 1934 (the "Exchange Act"), the registrant  caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                          ebank.com, Inc.

Date:  August 14, 2000                    By: /s/ James L. Box
    ---------------------                     ------------------------------
                                                  James L. Box
                                               Chief Executive Officer

                                          By: /s/ Gary M. Bremer
                                              ------------------------------
                                                  Gary M. Bremer
                                               Chairman of the Board