<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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 September 30, 2003

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to ____________.

Commission File Number:  000-23927
                         ---------

                         HOME LOAN FINANCIAL CORPORATION
                         -------------------------------
        (Exact name of small business issuer as specified in its charter)

               Ohio                                       31-1578552
               ----                                       ----------
(State or other jurisdiction of                           (IRS Employer
  incorporation or organization)                       Identification No.)

                     401 Main Street, Coshocton, Ohio 43812
                     --------------------------------------
                    (Address of principal executive offices)

                                 (740) 622-0444
                                 --------------
                           (Issuer's telephone number)


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, and (2) has been
subject to such filing requirements for the past 90 days.

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


As of October 31, 2003 the latest practical date, 1,673,570 of the issuer's
common shares, no par value, were issued and outstanding.

Transitional Small Business Disclosure Format (check one):

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



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

                                                                              1.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION

                                      INDEX





<TABLE>
<CAPTION>
                                                                                                           Page
                                                                                                           ----


<S>                                                                                                       <C>
PART I -FINANCIAL INFORMATION

         Item 1.   Condensed Financial Statements (Unaudited)

              Consolidated Balance Sheets.............................................................      3

              Consolidated Statements of Income and Comprehensive Income..............................      4

              Consolidated Statements of Changes in Shareholders' Equity..............................      5

              Consolidated Statements of Cash Flows...................................................      7

              Notes to Consolidated Financial Statements..............................................      8

         Item 2.   Management's Discussion and Analysis...............................................     16

         Item 3.   Controls and Procedures.............................................................    22


Part II - Other Information

         Item 1.   Legal Proceedings..................................................................     23

         Item 2.   Changes in Securities..............................................................     23

         Item 3.   Defaults Upon Senior Securities....................................................     23

         Item 4.   Submission of Matters to a Vote of Security Holders................................     23

         Item 5.   Other Information..................................................................     23

         Item 6.   Exhibits and Reports on Form 8-K...................................................     23

SIGNATURES ...........................................................................................     24

INDEX TO EXHIBITS.....................................................................................     25
</TABLE>

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


                                                                              2.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                           CONSOLIDATED BALANCE SHEETS

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

<TABLE>
<CAPTION>
                                                                    (Unaudited)
                                                                    September 30,          June 30,
                                                                        2003                 2003
                                                                        ----                 ----
<S>                                                                 <C>                 <C>
ASSETS
Cash and due from financial institutions                            $   3,296,000       $   3,751,220
Interest-bearing deposits in other financial institutions                 260,980             261,177
                                                                    -------------       -------------
     Total cash and cash equivalents                                    3,556,980           4,012,397
Securities available for sale                                           7,289,964           7,536,746
Mortgage-backed securities available for sale                           7,794,660           9,850,287
Federal Home Loan Bank stock                                            2,184,700           2,162,900
Loans, net                                                            127,640,122         121,759,596
Premises and equipment, net                                             1,181,454           1,218,370
Accrued interest receivable                                               646,625             738,357
Other assets                                                              312,130             504,077
                                                                    -------------       -------------

         Total assets                                               $ 150,606,635       $ 147,782,730
                                                                    =============       =============


LIABILITIES
Deposits                                                            $  86,541,397       $  85,953,036
Federal Home Loan Bank advances                                        40,990,248          38,720,382
Accrued interest payable                                                  525,899             580,142
Accrued expenses and other liabilities                                    749,846             818,719
                                                                    -------------       -------------
     Total liabilities                                                128,807,390         126,072,279

SHAREHOLDERS' EQUITY
Preferred stock, no par value, 500,000 shares authorized,
  none outstanding                                                             --                  --
Common stock, no par value, 9,500,000 shares authorized,
  2,248,250 shares issued                                                      --                  --
Additional paid-in capital                                             14,218,880          14,166,911
Retained earnings                                                      14,513,394          14,514,056
Unearned employee stock ownership plan shares                            (998,725)         (1,067,434)
Unearned recognition and retention plan shares                           (211,592)           (256,212)
Treasury stock, at cost - 586,488 shares at September 30, 2003
  and 596,305 shares at June 30, 2003                                  (5,949,856)         (6,090,975)
Accumulated other comprehensive income                                    227,144             444,105
                                                                    -------------       -------------
     Total shareholders' equity                                        21,799,245          21,710,451
                                                                    -------------       -------------

         Total liabilities and shareholders' equity                 $ 150,606,635       $ 147,782,730
                                                                    =============       =============
</TABLE>


--------------------------------------------------------------------------------
          See accompanying notes to consolidated financial statements.


                                                                              3.
<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                        CONSOLIDATED STATEMENTS OF INCOME
                            AND COMPREHENSIVE INCOME
                                   (Unaudited)

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

<TABLE>
<CAPTION>
                                                            Three Months Ended
                                                              September 30,
                                                              -------------
                                                         2003               2002
                                                         ----               ----
<S>                                                   <C>               <C>
Interest income
     Loans, including fees                            $ 2,256,511       $ 2,215,443
     Taxable Securities                                   100,041           158,694
     Nontaxable securities                                 52,592            39,118
     Dividends on FHLB stock and other                     21,881            23,445
                                                      -----------       -----------
         Total interest income                          2,431,025         2,436,700

Interest expense
     Deposits                                             457,292           581,553
     FHLB advances                                        481,279           455,833
                                                      -----------       -----------
         Total interest expense                           938,571         1,037,386
                                                      -----------       -----------

Net interest income                                     1,492,454         1,399,314
Provision for loan losses                                  15,000            30,000
                                                      -----------       -----------

Net interest income after provision for
     loan losses                                        1,477,454         1,369,314

Noninterest income
     Service charges and other fees                        94,208            75,290
     Net gains on sales of loans                            2,940                --
     Earnings from Coshocton County Title Agency           98,719            30,651
     Other                                                 27,812            26,638
                                                      -----------       -----------
         Total noninterest income                         223,679           132,579

Noninterest expense
     Salaries and employee benefits                       577,584           515,069
     Occupancy and equipment                               79,340            77,916
     State franchise taxes                                 42,000            43,500
     Computer processing                                   49,173            46,773
     Legal, audit and supervisory exam fees                51,025            50,644
     Director fees                                         24,593            22,060
     Other                                                129,494           103,210
                                                      -----------       -----------
         Total noninterest expense                        953,209           859,172
                                                      -----------       -----------

Income before income taxes                                747,924           642,721
Income tax expense                                        253,000           216,900
                                                      -----------       -----------

Net income                                                494,924           425,821

Other comprehensive income (loss), net of tax            (216,961)          257,441
                                                      -----------       -----------

Comprehensive income                                  $   277,963       $   683,262
                                                      ===========       ===========

Basic earnings per common share                       $       .32       $       .29
                                                      ===========       ===========
Diluted earnings per common share                     $       .31       $       .28
                                                      ===========       ===========
</TABLE>

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

                                                                              4.
<PAGE>



                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
                 Three Months Ended September 30, 2003 and 2002
                                   (Unaudited)

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

<TABLE>
<CAPTION>
                                                                                                           Accumulated
                                          Additional                   Unearned    Unearned                   Other
                                            Paid-In      Retained        ESOP         RRP       Treasury  Comprehensive
                                            Capital      Earnings       Shares       Shares      Shares       Income      Total
                                          -----------  -----------   -----------   ---------   -----------   --------  -----------

<S>                                       <C>          <C>           <C>           <C>         <C>           <C>       <C>
Balance at July 1, 2002                   $14,100,870  $13,831,012   $(1,354,006)  $(434,692)  $(6,186,296)  $187,613  $20,144,501

Net income for the period                          --      425,821            --          --            --         --      425,821

Cash dividend - $.135 per share                    --     (205,484)           --          --            --         --     (205,484)

Commitment to release 6,125 ESOP
  shares                                           --       14,754        64,746          --            --         --       79,500

Compensation expense with respect to
  recognition and retention plan                   --         (923)           --      44,620            --         --       43,697

Purchase of 20,000 treasury shares                 --           --            --          --      (261,000)        --     (261,000)

Change in fair value of securities
  available for sale, net of tax effects           --           --            --          --            --    257,441      257,441
                                          -----------  -----------   -----------   ---------   -----------   --------  -----------

Balance at September 30, 2002             $14,100,870  $14,065,180   $(1,289,260)  $(390,072)  $(6,447,296)  $445,054  $20,484,476
                                          ===========  ===========   ===========   =========   ===========   ========  ===========

</TABLE>

                                   (Continued)

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

                                                                              5.
<PAGE>



                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
            CONSOLIDATEDSTATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
           (Continued) Three Months Ended September 30, 2003 and 2002
                                   (Unaudited)

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

<TABLE>
<CAPTION>
                                                                                                            Accumulated
                                         Additional                   Unearned     Unearned                   Other
                                           Paid-In      Retained        ESOP          RRP       Treasury  Comprehensive
                                           Capital      Earnings       Shares       Shares       Shares       Income       Total
                                         -----------  -----------   -----------   ---------   -----------   ---------   -----------

<S>                                      <C>          <C>           <C>           <C>         <C>           <C>         <C>
Balance at July 1, 2003                  $14,166,911  $14,514,056   $(1,067,434)  $(256,212)  $(6,090,975)  $ 444,105   $21,710,451

Net income                                        --      494,924            --          --            --          --       494,924

Cash dividend - $.275 per share                   --     (429,087)           --          --            --          --      (429,087)

Commitment to release 6,500 ESOP
  shares                                      32,043           --        68,709          --            --          --       100,752

Compensation expense with respect to
  recognition and retention plan                  --         (923)           --      44,620            --          --        43,697

Exercise of 9,817 stocks options
  and related tax benefit                     19,926      (65,576)           --          --       141,119          --        95,469

Change in fair value of securities
  available for sale, net of tax effects          --           --            --          --            --    (216,961)     (216,961)
                                         -----------  -----------   -----------   ---------   -----------   ---------   -----------

Balance at September 30, 2003            $14,218,880  $14,513,394   $  (998,725)  $(211,592)  $(5,949,856)  $ 227,144   $21,799,245
                                         ===========  ===========   ===========   =========   ===========   =========   ===========
</TABLE>


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

          See accompanying notes to consolidated financial statements.



                                                                              6.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

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

<TABLE>
<CAPTION>
                                                                                           Three Months Ended
                                                                                              September 30,
                                                                                              -------------
                                                                                          2003              2002
                                                                                          ----              ----
<S>                                                                              <C>                <C>
Cash flows from operating activities
     Net income                                                                  $       494,924    $       425,821
     Adjustments to reconcile net income to net cash
       from operating activities:
         Depreciation                                                                     42,300             40,200
         Securities amortization and accretion                                            30,646              2,573
         Provision for loan losses                                                        15,000             30,000
         FHLB stock dividends                                                            (21,800)           (23,200)
         Compensation expense on ESOP shares                                             100,752             79,500
         Compensation expense on RRP shares                                               43,697             43,697
         Net change in accrued interest receivable and other assets                      283,679            (47,030)
         Net change in accrued expenses and other liabilities                              8,577            179,344
         Net change in deferred loan fees                                                  3,220              1,802
                                                                                 ---------------    ---------------
              Net cash from operating activities                                       1,000,995            732,707

Cash flows from investing activities
     Purchases of securities available for sale                                               --         (5,095,801)
     Proceeds from maturities and principal paydowns of
         mortgage-backed securities available for sale                                 1,943,035            764,761
     Net change in loans                                                              (5,898,746)        (3,765,329)
     Premises and equipment expenditures                                                  (5,384)           (33,400)
                                                                                 ---------------    ---------------
         Net cash from investing activities                                           (3,961,095)        (8,129,769)

Cash flows from financing activities
     Net change in deposits                                                              588,361           (140,008)
     Net change in short-term FHLB advances                                            2,400,000          2,625,000
     Proceeds from long-term FHLB advances                                                    --         10,000,000
     Repayments of long-term FHLB advances                                              (130,134)        (4,051,503)
     Cash dividends paid                                                                (429,087)          (205,484)
     Purchase of treasury stock                                                               --           (261,000)
     Proceeds from exercise of stock options                                              75,543                 --
                                                                                 ---------------    ---------------
         Net cash from financing activities                                            2,504,683          7,967,005
                                                                                 ---------------    ---------------

Net change in cash and cash equivalents                                                 (455,417)           569,943
Cash and cash equivalents at beginning of period                                       4,012,397          2,931,785
                                                                                 ---------------    ---------------

Cash and cash equivalents at end of period                                       $     3,556,980    $     3,501,728
                                                                                 ===============    ===============

Supplemental disclosures of cash flow information
     Interest                                                                    $       992,814    $     1,013,544
     Income taxes                                                                         50,338                 --
</TABLE>


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

          See accompanying notes to consolidated financial statements.


                                                                              7.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

These interim consolidated financial statements are prepared without audit and
reflect all adjustments which, in the opinion of management, are necessary to
present fairly the financial position of Home Loan Financial Corporation
("HLFC") at September 30, 2003, and its results of operations and cash flows for
the periods presented. All such adjustments are normal and recurring in nature.
The accompanying consolidated financial statements have been prepared in
accordance with the instructions for Form 10-QSB and, therefore, do not purport
to contain all the necessary financial disclosures required by accounting
principles generally accepted in the United States of America that might
otherwise be necessary in the circumstances, and should be read in conjunction
with the consolidated financial statements and notes thereto of HLFC for the
fiscal year ended June 30, 2003. The accounting policies of HLFC described in
the notes to the consolidated financial statements contained in HLFC's June 30,
2003, consolidated financial statements have been consistently followed in
preparing this Form 10-QSB.

The consolidated financial statements include the accounts of HLFC and its
wholly-owned subsidiaries, The Home Loan Savings Bank ("Bank"), a
state-chartered stock savings and loan association, and Home Loan Financial
Services, Inc., an Ohio corporation providing insurance and investment services.
HLFC also owns a 33% ownership interest in Coshocton County Title Agency, which
is accounted for under the equity method of accounting. These entities are
together referred to as the Corporation. All significant intercompany
transactions and balances have been eliminated.

The Bank provides financial services through its main and branch offices in
Coshocton, Ohio and a branch office in West Lafayette, Ohio. The Bank's primary
deposit products are checking, savings and term certificate accounts, and its
primary lending products are residential mortgage, nonresidential real estate,
commercial and consumer loans. Substantially all loans are secured by specific
items of collateral including business assets, consumer assets and real estate.
Commercial loans are expected to be repaid from cash flow from operations of
businesses. Real estate loans are secured by both residential and commercial
real estate. Substantially all revenues are derived from financial institution
products and services in Coshocton County and its contiguous areas. Management
considers the Corporation to operate in one segment, banking. Other financial
instruments which potentially represent concentrations of credit risk include
deposit accounts in other financial institutions.

To prepare financial statements in conformity with accounting principles
generally accepted in the United States of America, management makes estimates
and assumptions based on available information. These estimates and assumptions
affect the amounts reported in the financial statements and the disclosures
provided, and future results could differ. The allowance for loan losses and
fair values of financial instruments are particularly subject to change.

Income tax expense is the total of current year income tax due or refundable and
the change in deferred tax assets and liabilities. Deferred tax assets and
liabilities are the expected future tax consequences for the temporary
differences between the carrying amounts and tax bases of assets and
liabilities, computed using enacted tax rates. A valuation allowance, if needed,
reduces deferred tax assets to the amount expected to be realized. Income tax
expense is based on the effective rate expected to be applicable for the entire
year.


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


                                                                              8.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Basic earnings per common share is net income divided by the weighted average
number of common shares outstanding during the period. Employee Stock Ownership
Plan ("ESOP") shares are considered outstanding for this calculation unless
unearned. Recognition and Retention Plan ("RRP") shares are considered
outstanding as they become vested. Diluted earnings per common share include the
dilutive effect of RRP shares and the additional potential common shares
issuable under stock options.

On January 1, 2003, the Corporation adopted Interpretation 45, Guarantor's
Accounting and Disclosure Requirements for Guarantees. On July 1, 2003, the
Company adopted Statement 149, amendment of Statement 133 on Derivative
Instruments and Hedging Activities, and Statement 150, Accounting for Certain
Financial Instruments with Characteristics of both Liabilities and Equities. On
October 1, 2003, Corporation adopted Interpretation 46, Consolidation of
Variable Interest Entities. Adoption of the new standards did not materially
affect the Corporation's operating results or financial condition.

The Corporation reports employee compensation expense under stock option plans
using the intrinsic value method. No stock-based compensation cost is reflected
in net income, as all options granted had an exercise price equal to or greater
than the market price of the underlying common stock at the date of grant. The
following table illustrates the effect on net income and earnings per share if
expense were measured using the fair value recognition provisions of FASB
Statement No. 123, Accounting for Stock-Based Compensation.

<TABLE>
<CAPTION>
                                                                             Three Months Ended
                                                                                September 30,
                                                                                -------------
                                                                           2003             2002
                                                                           ----             ----

<S>                                                                    <C>             <C>
Net income as reported                                                 $   494,924     $    425,821
Deduct: Stock-based compensation expense
  determined under fair value based method                                  42,866           40,301
                                                                       -----------     ------------

Pro forma net income                                                   $   452,058     $    385,520
                                                                       ===========     ============

Basic earnings per share as reported                                   $      .32      $        .29
Pro forma basic earnings per share                                            .29               .26

Diluted earnings per share as reported                                 $      .31      $        .28
Pro forma diluted earnings per share                                          .29               .25
</TABLE>



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

                                                                              9.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 2 - SECURITIES

The fair value of available for sale securities and the related gross unrealized
gains and losses recognized in other comprehensive income were as follows.


<TABLE>
<CAPTION>
                                                   Estimated           Gross            Gross
                                                     Fair           Unrealized       Unrealized
                                                     Value             Gains           Losses
                                                --------------   ---------------   --------------
<S>                                             <C>              <C>               <C>
September 30, 2003
------------------
Securities available for sale
     U.S. Government agencies                   $    2,017,820   $        17,064   $           --
     Obligations of state and
       political subdivisions                        5,272,144           187,548               --
                                                --------------   ---------------   --------------

                                                $    7,289,964   $       204,612   $           --
                                                ==============   ===============   ==============
Mortgage-backed securities
  available for sale
     U.S. Government agencies                   $    7,794,660   $       175,420   $      (35,874)
                                                ==============   ===============   ==============

June 30, 2003
-------------
Securities available for sale
     U.S. Government agencies                   $    2,031,560   $        30,603   $           --
     Obligations of state and
       political subdivisions                        5,505,186           418,714               --
                                                --------------   ---------------   --------------

                                                $    7,536,746   $       449,317   $           --
                                                ==============   ===============   ==============
Mortgage-backed securities
  available for sale
     U.S. Government agencies                   $    9,850,287   $       223,569   $           --
                                                ==============   ===============   ==============
</TABLE>


The fair value of securities by contractual maturity at September 30, 2003, were
as follows. Actual maturities may differ from contractual maturities because
borrowers may have the right to call or prepay obligations with or without call
or prepayment penalties. Securities not due at a single maturity, primarily
mortgage-backed securities, are shown separately.

<TABLE>
<CAPTION>
                                                                          Estimated
                                                                            Fair
                                                                            Value
                                                                            -----

<S>                                                                    <C>
           Due in one year or less                                     $    2,017,820
           Due after one year through five years                                   --
           Due after five years through ten years                           5,065,428
           Due after ten years                                                206,716
           Mortgage-backed securities                                       7,794,660
                                                                       --------------

                                                                       $   15,084,624
                                                                       ==============
</TABLE>

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


                                                                             10.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 2 - SECURITIES (Continued)

No securities were sold during the three months ended September 30, 2003 or
2002. At September 30, 2003 and June 30, 2003, securities with a carrying value
of $1,231,724 and $1,211,667 were pledged to secure public funds.


NOTE 3 - LOANS

Loans at September 30, 2003 and June 30, 2003 were as follows.

<TABLE>
<CAPTION>
                                                                                    September 30,        June 30,
                                                                                        2003               2003
                                                                                        ----               ----
<S>                                                                                <C>              <C>
     Residential real estate loans:
         1 - 4 family                                                              $   85,028,902   $    82,123,726
         Multi-family                                                                     444,113           168,922
         Home equity                                                                    4,817,357         4,946,547
     Nonresidential real estate                                                        15,651,588        13,215,845
     Real estate construction                                                           1,366,671         2,899,192
     Land                                                                               1,767,113         1,558,929
                                                                                   --------------   ---------------
         Total real estate loans                                                      109,075,744       104,913,161
     Commercial loans                                                                   7,378,039         6,403,141
     Consumer and other loans:
         Home improvement                                                                 214,417           222,105
         Automobile                                                                     7,932,636         7,757,527
         Deposit                                                                          195,458           252,522
         Credit card                                                                      573,258           522,535
         Other                                                                          3,356,486         3,220,561
                                                                                   --------------   ---------------
              Total consumer and other loans                                           12,272,255        11,975,250
                                                                                   --------------   ---------------
     Total loans                                                                      128,726,038       123,291,552
     Less:
         Allowance for loan losses                                                       (566,958)         (548,543)
         Loans in process                                                                (369,350)         (837,025)
         Net deferred loan fees and costs                                                (149,608)         (146,388)
                                                                                   --------------   ---------------

                                                                                   $  127,640,122   $   121,759,596
                                                                                   ==============   ===============
</TABLE>

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


                                                                             11.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 3 - LOANS (Continued)

Activity in the allowance for loan losses was as follows.

<TABLE>
<CAPTION>
                                                                                          Three Months Ended
                                                                                             September 30,
                                                                                             -------------
                                                                                           2003            2002
                                                                                           ----            ----

<S>                                                                                <C>              <C>
     Balance at beginning of period                                                $      548,543   $       499,467
     Provision for losses                                                                  15,000            30,000
     Charge-offs                                                                          (23,460)          (28,383)
     Recoveries                                                                            26,875                60
                                                                                   --------------   ---------------

     Balance at end of period                                                      $      566,958   $       501,144
                                                                                   ==============   ===============
</TABLE>

Impaired loans were as follows.


<TABLE>
<CAPTION>
                                                                                     September 30,      June 30,
                                                                                         2003            2003
                                                                                         ----            ----

<S>                                                                                <C>              <C>
Period-end loans with no allocated allowance
  for loan losses                                                                  $           --   $            --
Period-end loans with allocated allowance
  for loan losses                                                                         449,000           449,000
                                                                                   --------------   ---------------

     Total                                                                         $      449,000   $       449,000
                                                                                   ==============   ===============

Amount of the allowance for loan loss allocated                                            4,000              4,000
</TABLE>

<TABLE>
<CAPTION>
                                                                                          Three Months Ended
                                                                                             September 30,
                                                                                             -------------
                                                                                           2003            2002
                                                                                           ----            ----

<S>                                                                                      <C>                  <C>
Average of impaired loans during the period                                              449,000                --
Interest income recognized during impairment                                              12,101                --
Cash-basis interest income recognized                                                     12,101                --
</TABLE>

<TABLE>
<CAPTION>
                                                                                       September 30,     June 30,
                                                                                           2003            2003
                                                                                           ----            ----

<S>                                                                                <C>              <C>
Loans past due over 90 days still on accrual                                       $      211,000   $       141,000
Nonaccrual loans                                                                        1,602,000           517,000
</TABLE>

Nonperforming loans includes smaller balance homogeneous loans that are
collectively evaluated for impairment and individually classified impaired
loans.

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


                                                                             12.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 4 - FHLB ADVANCES

At September 30, 2003, the Bank had a cash management line of credit enabling it
to borrow up to $10,000,000 from the Federal Home Loan Bank of Cincinnati
("FHLB"). The line of credit must be renewed on an annual basis. Borrowings
outstanding on this line of credit included in the table below totaled
$2,400,000 at September 30, 2003. No borrowings were outstanding on this line of
credit at June 30, 2003. The Bank also had fixed-rate term advances, convertible
fixed-rate advances and select pay mortgage-matched advances at September 30,
2003. As a member of the FHLB system and based upon the Bank's current FHLB
stock ownership, the Bank has the ability to obtain borrowings up to a total of
$42,832,000, including the cash management line of credit. Advances under the
borrowing agreements are collateralized by the Bank's FHLB stock and qualifying
mortgage loans. The interest rates on the convertible fixed-rate advances are
fixed for a specified number of years, then are convertible at the option of the
FHLB. If the convertible option is exercised, the advance may be prepaid without
penalty. The select pay mortgage-matched advances require monthly principal and
interest payments and annual additional principal payments.

At period-end, advances from the FHLB were as follows.

<TABLE>
<CAPTION>
                                                          Interest          September 30,       June 30,
                                                        Rate Ranges             2003              2002
                                                        -----------             ----              ----
<S>                                                      <C>             <C>                <C>
     Cash management line of credit                        1.27%         $    2,400,000     $           --
     Fixed rate advances, final maturities
       ranging from May 2006 to May 2008                 2.28-3.62            4,730,000          4,730,000
     Convertible, fixed-rate advances, final
       maturities ranging from March 2004
       to July 2012                                      4.39-6.23           27,000,000         27,000,000
     Select payment mortgage matched
       advances, final maturities ranging
       from January 2012 to July 2022                    2.84-5.50            6,860,248          6,990,382
                                                                         --------------     --------------

                                                                         $   40,990,248     $   38,720,382
                                                                         ==============     ==============
</TABLE>

At September 30, 2003, the scheduled maturities of advances from the FHLB were
as follows.

<TABLE>

<S>                                                                       <C>
     Period ended: September    2004                                      $   13,312,933
                                2005                                             838,849
                                2006                                           1,493,731
                                2007                                           3,246,587
                                2008                                           5,146,548
                                Thereafter                                    16,951,600
                                                                          --------------

                                                                          $   40,990,248
                                                                          ==============
</TABLE>


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


                                                                             13.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 5 - OFF-BALANCE SHEET ACTIVITIES

Loss contingencies, including claims and legal actions arising in the ordinary
course of business, are recorded as liabilities when the likelihood of loss is
probable and an amount or range of loss can be reasonably estimated. Management
does not believe there were any such matters that will have a material effect on
the financial statements as of September 30, 2003.

Some financial instruments, such as loan commitments, credit lines, letters of
credit and overdraft protection, are issued to meet customer financing needs.
These are agreements to provide credit or to support the credit of others, as
long as conditions established in the contract are met, and usually have
expiration dates. Commitments may expire without being used. Off-balance sheet
risk to credit loss exists up to the face amount of these instruments, although
material losses are not anticipated. The same credit policies are used to make
such commitments as are used for loans, including obtaining collateral at the
exercise of the commitment.

A summary of the notional or contractual amounts of financial instruments with
off-balance sheet risk at September 30, 2003 and June 30, 2003 was as follows.

<TABLE>
<CAPTION>
                                                                                September 30,        June 30,
                                                                                    2003               2003
                                                                                    ----               ----

<S>                                                                          <C>                <C>
Lines of credit-variable rate                                                $     4,640,000    $    5,743,000
1-4 family residential real estate-variable rate                                   1,921,000         1,187,000
1-4 family residential real estate-fixed rate                                        404,000         1,249,000
Commercial real estate-variable rate                                                 350,000           145,000
Credit card arrangements-fixed rate                                                1,435,000         1,452,000
</TABLE>

The interest rate on fixed-rate commitments ranged from 5.50% to 13.90% at
September 30, 2003 and from 4.75% to 13.90% at June 30, 2003.


NOTE 6 - EARNINGS PER SHARE

The factors used in the earnings per share computation were as follows.

<TABLE>
<CAPTION>
                                                                                           Three Months Ended
                                                                                              September 30,
                                                                                           2003            2002
                                                                                           ----            ----
<S>                                                                                  <C>             <C>
Basic
     Net income                                                                      $     494,924   $      425,821
                                                                                     =============   ==============

     Weighted average common shares outstanding                                          1,659,784        1,635,367
     Less:  Average unallocated ESOP shares                                                (97,322)        (124,620)
     Less:  Average nonvested RRP shares                                                   (18,175)         (32,049)
                                                                                     -------------   --------------
     Average shares                                                                      1,544,287        1,478,698
                                                                                     =============   ==============

     Basic earnings per common share                                                 $         .32   $          .29
                                                                                     =============   ==============
</TABLE>

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


                                                                             14.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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


NOTE 6 - EARNINGS PER SHARE (Continued)

<TABLE>
<CAPTION>
                                                                                           Three Months Ended
                                                                                              September 30,
                                                                                              -------------
                                                                                           2003            2002
                                                                                           ----            ----
<S>                                                                                  <C>             <C>
Diluted
     Net income                                                                      $     494,924   $      425,821
                                                                                     =============   ==============

     Weighted average common shares outstanding
       for basic earnings per common share                                               1,544,287        1,478,698
     Add:  Dilutive effects of assumed exercises of stock options                           38,138           51,530
     Add:  Dilutive effects of average nonvested RRP shares,
       net of tax benefits                                                                     478               52
                                                                                     -------------   --------------
     Average shares and dilutive potential
       common shares                                                                     1,582,903        1,530,280
                                                                                     =============   ==============

Diluted earnings per common share                                                    $         .31   $          .28
                                                                                     =============   ==============
</TABLE>


NOTE 7 - OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) components and related taxes were as follows.


<TABLE>
<CAPTION>
                                                                                           Three Months Ended
                                                                                              September 30,
                                                                                           2003            2002
                                                                                           ----            ----
<S>                                                                                  <C>             <C>
Unrealized holding gains (losses) on
  available-for-sale securities                                                      $    (328,728)  $      390,062
Tax effect                                                                                 111,767         (132,621)
                                                                                     -------------   --------------

Other comprehensive income (loss)                                                    $    (216,961)  $      257,441
                                                                                     =============   ==============
</TABLE>




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


                                                                             15.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

INTRODUCTION

In the following pages, management presents an analysis of the consolidated
financial condition of the Corporation as of September 30, 2003 compared to June
30, 2003, and the consolidated results of operations for the three months ended
September 30, 2003 compared with the same period in 2002. This discussion is
designed to provide a more comprehensive review of the operating results and
financial position than what could be obtained from an examination of the
consolidated financial statements alone. This analysis should be read in
conjunction with the interim consolidated financial statements and related
footnotes included herein.


FORWARD LOOKING STATEMENTS

When used in this report, the words or phrases "will likely result," "are
expected to," "will continue," "is anticipated," "estimate," "project,"
"believe" or similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. The Corporation wishes to caution readers not to place undue reliance
on any such forward-looking statements, which speak only as of the date made,
and to advise readers that various factors, including regional and national
economic conditions, changes in levels of market interest rates, credit risks of
lending activities and competitive and regulatory factors, could affect the
Corporation's financial performance and could cause the Corporation's actual
results for future periods to differ materially from those anticipated or
projected.

The Corporation does not undertake, and specifically disclaims, any obligation
to publicly release any revisions that may be made to any forward-looking
statements to reflect occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.


FINANCIAL CONDITION

Total assets at September 30, 2003 were $150.6 million compared to $147.8
million at June 30, 2003, an increase of $2.8 million, or 1.9%. The increase in
total assets was primarily in loans, which increased $5.9 million and was
partially offset by a decrease in mortgage-backed securities available for sale.

Securities available for sale decreased from $7.5 million at June 30, 2003 to
$7.3 million at September 30, 2003 due to a decline in fair value of these
securities due to the increase in long-term interest rates. No purchases,
maturities or sales occurred in the portfolio. Mortgage-backed securities, which
totaled $9.9 million at June 30, 2003, decreased $2.1 million to $7.8 million.
The decline was due to principal paydowns, which were used to fund loan growth.

Loan growth during the three months ended September 30, 2003, which totaled $5.9
million, occurred primarily in real estate loans, and in particular, in one- to
four-family residential real estate loans and non-residential real estate loans.
The growth was due to competitive pricing in the current low interest rate
environment. Commercial loans increased $975,000 due to efforts to attract
business customers. Consumer and other loans had a modest increase since June
30, 2003.

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


                                                                             16.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

Total deposits increased from $86.0 million at June 30, 2003 to $86.5 million at
September 30, 2003. Savings accounts increased by $512,000, certificates of
deposit increased by $165,000 and noninterest bearing demand accounts increased
by $186,000. These increases were partially offset by a $275,000 decrease in NOW
and money market accounts. As a result of the shift in accounts, the
certificates of deposit portfolio as a percent of total deposits decreased from
50.1% at June 30, 2003 to 49.9% at September 30, 2003. Almost all certificates
of deposit mature in less than five years, with the majority maturing in the
next year.

FHLB advances totaled $41.0 million at September 30, 2003, compared to $38.7
million at June 30, 2003, an increase of $2.3 million. The Corporation utilized
the additional advances to fund loan growth. At September 30, 2003, $2.4 million
was outstanding on the Bank's $10.0 million cash-management line of credit with
the FHLB. No borrowings were outstanding under the line of credit at June 30,
2003.

COMPARISON OF RESULTS OF OPERATIONS FOR THE THREE MONTHS
  ENDED SEPTEMBER 30, 2003 AND SEPTEMBER 30, 2002

General economic conditions, the monetary and fiscal policies of federal
agencies and the regulatory policies of agencies that regulate financial
institutions affect the operating results of the Corporation. Interest rates on
competing investments and general market rates of interest influence the
Corporation's cost of funds. The demand for real estate loans and other types of
loans influence lending activities, which in turn is affected by the interest
rates at which such loans are made, general economic conditions and the
availability of funds for lending activities.

The Corporation's net income primarily depends on its net interest income, which
is the difference between the interest income earned on interest-earning assets,
such as loans and securities, and interest expense incurred on interest-bearing
liabilities, such as deposits and borrowings. The level of net interest income
is dependent on the interest rate environment and the volume and composition of
interest-earning assets and interest-bearing liabilities. Provisions for loan
losses, service charges, gains on the sale of assets, other income, noninterest
expense and income taxes also affect net income.

Net income was $494,924 for the three months ended September 30, 2003, compared
to $425,821 for the three months ended September 30, 2002. The increase in net
income for the three months ended September 30, 2003 was the result of an
increase in net interest income and a significant increase in noninterest
income, partially offset by an increase in noninterest expense.

Net interest income totaled $1,492,454 for the three months ended September 30,
2003, compared to $1,399,314 for the three months ended September 30, 2002,
representing an increase of $93,140 or 6.7%. The net interest margin decreased
from 4.26% for the three months ended September 30, 2002 to 4.16% for the three
months ended September 30, 2003. However, the increase in average earning assets
more than offset the decline in the net interest margin.

Interest and fees on loans increased $41,068, or 1.9%, from $2,215,443 for the
three months ended September 30, 2002 to $2,256,511 for the three months ended
September 30, 2003. The increase was due to a higher average balance of loans
resulting from strong loan demand, which was partially offset by a decline in
yield on loans.

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

                                                                             17.

<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

Interest earned on securities decreased $45,179, or 22.8%, from $197,812 for the
three months ended September 30, 2002 to $152,633 for the three months ended
September 30, 2003. The decrease was a result of a decline in the yield on
securities. Dividends on FHLB stock and other declined during the three-month
period ended September 30, 2003 as compared to the same period in 2002 due to a
lower dividend rate paid on FHLB stock.

Interest expense on deposits decreased $124,261 from $581,553 for the three
months ended September 30, 2002, to $457,292 for the three months ended
September 30, 2003. The decrease in interest expense was the result of a decline
in the cost of funds, which more than offset an increase in the average balance
of deposits. The decrease in the cost of funds was primarily due to general
market conditions.

Interest on FHLB advances increased $25,446, or 5.6%, from $455,833 for the
three months ended September 30, 2002, compared to $481,279 for the three months
ended September 30, 2003. The increase was the result of an increase in the
average balance of FHLB advances, partially offset by a decrease in interest
rates on advances. The additional borrowings were used to provide funding for
loan growth.

The Corporation maintains an allowance for loan losses in an amount that, in
management's judgment, is adequate to absorb probable losses in the loan
portfolio. While management utilizes its best judgment and information
available, the ultimate adequacy of the allowance is dependent on a variety of
factors, including the performance of the loan portfolio, the economy, changes
in real estate values and interest rates and the view of the regulatory
authorities toward loan classifications. The provision for loan losses is
determined by management as the amount to be added to the allowance for loan
losses after net charge-offs have been deducted to bring the allowance to a
level which is considered adequate to absorb probable losses in the loan
portfolio. The amount of the provision is based on management's monthly review
of the loan portfolio and consideration of such factors as historical loss
experience, general prevailing economic conditions, changes in the size and
composition of the loan portfolio and specific borrower considerations,
including the ability of the borrower to repay the loan and the estimated value
of the underlying collateral.

The provision for loan losses for the three months ended September 30, 2003 was
$15,000 compared to $30,000 for the three months ended September 30, 2002. The
allowance for loan losses totaled $567,000, or 0.44% of gross loans, at
September 30, 2003, compared to $549,000, or 0.45% of gross loans, at June 30,
2003. Nonperforming loans have increased from $658,000 at June 30, 2003 to $1.9
million. The increase in nonperforming loans was primarily due to one large
relationship comprised of two loans totaling $665,000 and several smaller loans,
which are primarily one-to-four family residential real estate loans. Management
does not believe the Corporation will experience significant losses on these
nonperforming loans based upon the underlying collateral. However, should
circumstances change, additional provision to the allowance maybe necessary. The
Corporation has not experienced significant charge-offs in any of the periods
presented. The Corporation's low charge-off history is the product of a variety
of factors, including the Corporation's underwriting guidelines, which generally
require a loan-to-value or projected completed value ratio of 80% for purchase
or construction of one- to four-family residential properties and 75% for
commercial real estate and land loans, established income information and
defined ratios of debt to income.

For the three months ended September 30, 2003, noninterest income totaled
$223,679 compared to $132,579 for the three months ended September 30, 2002. The
primary reason for the increase is due to the Corporation's earnings from its
33% ownership in Coshocton County Title Agency ("CCTA"). CCTA

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

                                                                             18.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

was formed in June 2002 by the Corporation and two other investors to provide
title insurance on properties. The Corporation's income from its ownership of
CCTA during the three months ended September 30, 2003 is the result of the high
level of loan refinance activity in this current low interest rate environment.
Service charges and other fees increased primarily due to an increase in
overdraft account volume and ATM service charges.

Noninterest expense totaled $953,209 for the three months ended September 30,
2003, compared to $859,172 for the same period in 2002. This increase was due
primarily to increases in salaries and employee benefits, occupancy and
equipment and computer processing. Salaries and employee benefits expense
increased $62,515, or 12.1% as the result of normal annual merit increases, an
increase in the cost of health insurance and additional expense recognized for
the Corporation's ESOP because of the increase in the Corporation's average
stock price compared to the same period in 2002. Other noninterest expense
increased $26,284 for the quarter ended September 30, 2003 as compared to the
same quarter in 2002. The major factors in this increase were increases in
educational seminars, consulting fees and miscellaneous expenses.

The volatility of income tax expense is primarily attributable to the change in
income before income taxes, the impact the Corporation's stock price has on the
stock-based employee benefit plans, and tax exempt income on obligations of
state and political subdivisions. The provision for income taxes totaled
$253,000 for the three months ended September 30, 2003, compared to $216,900 for
the three months ended September 30, 2002. The effective tax rate was 33.8% for
the three months ended September 30, 2003, compared to 33.7% for the three
months ended September 30, 2002.


LIQUIDITY AND CAPITAL RESOURCES

The Corporation's liquidity, primarily represented by cash and cash equivalents,
is a result of its operating, investing and financing activities. These
activities are summarized below for the three months ended September 30, 2003
and 2002.

<TABLE>
<CAPTION>
                                                                                              Three Months
                                                                                           Ended September 30,
                                                                                           -------------------
                                                                                          2003             2002
                                                                                          ----             ----
                                                                                         (Dollars in thousands)
<S>                                                                                  <C>               <C>
Net income                                                                           $        495      $        426
Adjustments to reconcile net income to net cash from
  operating activities                                                                        506               307
                                                                                     ------------      ------------
Net cash from operating activities                                                          1,001               733
Net cash from investing activities                                                         (3,961)           (8,130)
Net cash from financing activities                                                          2,505             7,967
                                                                                     ------------      ------------
Net change in cash and cash equivalents                                                      (455)              570
Cash and cash equivalents at beginning of period                                            4,012             2,932
                                                                                       ----------       -----------

Cash and cash equivalents at end of period                                           $      3,557             3,502
                                                                                     ============      ============
</TABLE>


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

                                                                             19.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

The Corporation's principal sources of funds are deposits, loan repayments,
maturities of securities, and other funds provided by operations. The
Corporation also has the ability to borrow from the FHLB and other sources.
While scheduled loan repayments and maturing securities are relatively
predictable, interest rates, general economic conditions, and competition
influence early loan prepayments, mortgage-backed security prepayments and
deposit flows. The Corporation maintains investments in liquid assets based on
management's assessment of (1) need for funds, (2) expected deposit flows, (3)
yields available on short-term liquid assets and (4) objectives of the
asset/liability management program. It is not anticipated that the current
rising interest rate environment will significantly affect the liquidity
position of the Bank. However, if necessary, the Bank can sell any of its
investments so as to increase its liquidity position.

At September 30, 2003, the Corporation had commitments to originate variable and
fixed-rate residential and commercial real estate mortgage loans totaling
$2,675,000. Loan commitments are generally for 30 days. The Corporation
considers its liquidity and capital reserves sufficient to meet its outstanding
short- and long-term needs. See Note 5 of the Notes to Consolidated Financial
Statements.

The Bank is required by regulations to meet certain minimum capital
requirements. Current capital requirements call for tangible capital of 1.5% of
adjusted total assets, core capital (which, for the Bank, consists solely of
tangible capital) of 3.0% to 4.0% of adjusted total assets (depending on the
Bank's examination rating) and risk-based capital (which, for the Bank, consists
of core capital and general valuation allowances) of 8.0% of risk-weighted
assets (assets are weighted at percentage levels ranging from 0% to 100%
depending on their relative risk). At September 30, 2003, and June 30, 2003, the
Bank complied with all regulatory capital requirements. Based on the Bank's
computed regulatory capital ratios, the Bank is considered well capitalized
under the applicable requirements at September 30, 2003 and June 30, 2003.
Management is not aware of any matter subsequent to the last regulatory
notification that would cause the Bank's capital category to change.


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


                                                                             20.
<PAGE>
                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

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

At September 30, 2003 and June 30, 2003, the Bank's actual capital levels and
minimum required levels were as follows.

<TABLE>
<CAPTION>
                                                                                                  To Be
                                                                                            Well Capitalized
                                                                  For Capital            Under Prompt Corrective
                                        Actual                 Adequacy Purposes           Action Regulations
                                 Amount        Ratio         Amount         Ratio          Amount         Ratio
                                 ------        -----         ------         -----          ------         -----
                                                             (Dollars in thousands)
<S>                            <C>              <C>         <C>                <C>       <C>              <C>
September 30, 2003
------------------
Total capital (to risk-
  weighted assets)             $  15,988        17.2%       $   7,445          8.0%      $   9,307        10.0%
Tier 1 (core) capital (to
  risk-weighted assets)           15,761        16.9            3,723          4.0           5,584         6.0
Tier 1 (core) capital (to
  adjusted total assets)          15,761        10.5            6,009          4.0           7,511         5.0
Tangible capital (to
  adjusted total assets)          15,761        10.5            2,253          1.5             N/A

June 30, 2003
-------------
Total capital (to risk-
  weighted assets)             $  15,683        17.2%       $   7,307          8.0%      $   9,134        10.0%
Tier 1 (core) capital (to
  risk-weighted assets)           15,134        16.6            3,654          4.0           5,481         6.0
Tier 1 (core) capital (to
  adjusted total assets)          15,134        10.3            5,879          4.0           7,349         5.0
Tangible capital (to
adjusted total assets)            15,134        10.3            2,205          1.5             N/A
</TABLE>

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


                                                                             21.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                         ITEM 3. CONTROLS AND PROCEDURES

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

The Chief Executive Officer and Chief Financial Officer have evaluated the
effectiveness of HLFC's disclosure controls and procedures (as defined in Rules
13a-14 and 15d-14 of the Securities Exchange Act of 1934, as amended) as of the
end of the period covered by this report. Based upon the evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that HLFC's
disclosure controls and procedures are effective. There were no changes in
HLFC's internal controls, which materially affected, or are reasonably likely to
materially affect, HLFC's internal controls over financial reporting.

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


                                                                             22.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                           PART II - OTHER INFORMATION

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

Item 1.    Legal Proceedings
           None

Item 2.    Changes in Securities
           None

Item 3.    Defaults Upon Senior Securities
           Not applicable

Item 4.    Submission of Matters to a Vote of Security Holders
           The Annual Meeting of the Shareholders of the Corporation was held on
           October 14, 2003. The following members of the Board of Directors of
           the Corporation were reelected by the votes set forth below for terms
           expiring in 2004:

                                                FOR             WITHHELD
                                                ---             --------
           Neal J. Caldwell                   1,359,741           2,216
           Douglas L. Randles                 1,359,741           2,216

           The following members of the Board of Directors of the Corporation
           were reelected by the votes set forth below for terms expiring in
           2005:

           Robert C. Hamilton                 1,356,141           5,816
           Robert D. Mauch                    1,360,741           1,216
           Marion M. Sutton                   1,360,591           1,366

           Kyle R. Hamilton, who was elected to fill a vacancy created on the
           Board on August 1, 2003, will continue to serve as director until
           2004.

Item 5.    Other Information
           None

Item 6.    Exhibits and Reports on Form 8-K
           (a)  Form 8-K was filed on July 28, 2003, disclosing the earnings
                press release for the quarter ended September 30, 2003. A Form
                8-K was filed on July 9, 2003, disclosing a press release
                announcing a declaration of a dividend.


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


                                                                             23.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION
                                   SIGNATURES

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

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




Date: November 14, 2003               /s/ Robert C. Hamilton
      ---------------------------     ------------------------------------------
                                      Robert C. Hamilton
                                      President and Chief Executive Officer





Date: November 14, 2003               /s/ Preston W. Bair
      ---------------------------     ------------------------------------------
                                      Preston W. Bair
                                      Secretary, Treasurer and Chief
                                      Financial Officer


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


                                                                             24.
<PAGE>
                                INDEX TO EXHIBITS

<TABLE>
<CAPTION>
EXHIBIT
NUMBER             DESCRIPTION
------             -----------
<S>                <C>                                     <C>
     3.1           Articles of Incorporation of Home       Incorporated by reference to the Registration Statement
                   Loan Financial Corporation              on Form S-1 filed by HLFC on December 16, 1997 (the
                                                           "S-1") with the Securities and Exchange Commission
                                                           (the "SEC"), Exhibit 3.1.

     3.2           Certificate of Amendment to Articles    Incorporated by reference to Pre-Effective Amendment No.
                   of Incorporation of Home Loan           1 to the S-1 filed with the SEC on February 3, 1998,
                   Financial Corporation                   Exhibit 3.2.

     3.3           Code of Regulations of Home Loan        Incorporated by reference to the S-1, Exhibit 3.3.
                   Financial Corporation

     10            Employment Contract for Robert C.       Incorporated by reference to the Form 10-KSB filed by
                   Hamilton                                HLFC on September 28, 1998 (the "10-KSB") with the SEC,
                                                           Exhibit 10.

     11            Statement Regarding Computation of      See Note 6 to the consolidated financial statements.
                   Earnings per Share

     31.1          Certification of the Chief Executive
                   Officer Pursuant to Section 302 of
                   the Sarbanes-Oxley Act of 2002

     31.2          Certification of the Chief Financial
                   Officer Pursuant to Section 302 of
                   the Sarbanes-Oxley Act of 2002

     32.1          Certification of the Chief Executive
                   Officer Pursuant to Section 906 of
                   the Sarbanes-Oxley Act of 2002

     32.2          Certification of the Chief Financial
                   Officer Pursuant to Section 906 of
                   the Sarbanes-Oxley Act of 2002
</TABLE>



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