<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, 2004

      [ ]   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 November 10, 2004 the latest practical date, 1,688,907 of the issuer's
common shares, no par value, were issued and outstanding.

Transitional Small Business Disclosure Format (check one):

Yes [ ] No [X]

<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...........................................................................      21

Part II - Other Information

           Item 1.    Legal Proceedings.................................................................................      22
           Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds.......................................      22
           Item 3.    Defaults Upon Senior Securities...................................................................      22
           Item 4.    Submission of Matters to a Vote of Security Holders...............................................      22
           Item 5.    Other Information.................................................................................      22
           Item 6.    Exhibits..........................................................................................      22

SIGNATURES .............................................................................................................      23

INDEX TO EXHIBITS.......................................................................................................      24
</TABLE>

                                                                              2.

<PAGE>

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

<TABLE>
<CAPTION>
                                                                 (Unaudited)
                                                                 September 30,      June 30,
                                                                     2004             2004
                                                                 -------------    -------------
<S>                                                              <C>              <C>
ASSETS
Cash and due from financial institutions                         $   2,205,497    $   3,034,819
Interest-bearing deposits in other financial institutions              188,379          240,366
                                                                 -------------    -------------
      Total cash and cash equivalents                                2,393,876        3,275,185
Securities available for sale                                        7,331,873        7,105,703
Mortgage-backed securities available for sale                       10,107,922       10,321,735
Federal Home Loan Bank stock                                         2,274,700        2,250,700
Loans, net of allowance of $669,368 and $573,115                   132,458,252      131,549,778
Premises and equipment, net                                          1,710,428        1,380,927
Accrued interest receivable                                            723,787          719,141
Bank owned life insurance                                            3,049,454        3,016,864
Other assets                                                           323,572          410,239
                                                                 -------------    -------------
           Total assets                                          $ 160,373,864    $ 160,030,272
                                                                 =============    =============

LIABILITIES
Deposits                                                         $  88,755,161    $  87,853,639
Federal Home Loan Bank advances                                     47,671,138       48,756,389
Accrued interest payable                                               468,876          503,994
Accrued expenses and other liabilities                                 842,516          606,824
                                                                 -------------    -------------
      Total liabilities                                            137,737,691      137,720,846

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                                          14,574,296       14,508,999
Retained earnings                                                   14,576,675       14,722,513
Unearned employee stock ownership plan shares                         (700,780)        (773,982)
Unearned recognition and retention plan shares                        (183,344)        (189,779)
Treasury stock, at cost - 559,343 shares at September 30, 2004
  and 566,543 shares at June 30, 2004                               (5,799,467)      (5,818,102)
Accumulated other comprehensive income (loss)                          168,793         (140,223)
                                                                 -------------    -------------
      Total shareholders' equity                                    22,636,173       22,309,426
                                                                 -------------    -------------
           Total liabilities and shareholders' equity            $ 160,373,864    $ 160,030,272
                                                                 =============    =============
</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>
                                                         Three Months Ended
                                                            September 30,
                                                      ------------------------
                                                        2004           2003
                                                      ----------   -----------
<S>                                                   <C>          <C>
Interest income
      Loans, including fees                           $2,211,928   $ 2,256,511
      Taxable securities                                 115,595       100,041
      Nontaxable securities                               52,310        52,592
      Dividends on FHLB stock and other                   24,045        21,881
                                                      ----------   -----------
           Total interest income                       2,403,878     2,431,025

Interest expense
      Deposits                                           442,023       457,292
      FHLB advances                                      472,046       481,279
                                                      ----------   -----------
           Total interest expense                        914,069       938,571
                                                      ----------   -----------

Net interest income                                    1,489,809     1,492,454
Provision for loan losses                                121,000        15,000
                                                      ----------   -----------

Net interest income after provision for loan losses    1,368,809     1,477,454

Noninterest income
      Service charges and other fees                     106,062        94,208
      Net gains on sales of loans                         27,380         2,940
      Earnings from Coshocton County Title Agency         33,666        98,719
      Other                                               61,605        27,812
                                                      ----------   -----------
           Total noninterest income                      228,713       223,679

Noninterest expense
      Salaries and employee benefits                     589,956       577,584
      Occupancy and equipment                             81,083        79,340
      State franchise taxes                               45,000        42,000
      Computer processing                                 61,593        49,173
      Legal, audit and supervisory exam fees              46,488        51,025
      Director fees                                       22,560        24,593
      Other                                              122,587       129,494
                                                      ----------   -----------
           Total noninterest expense                     969,267       953,209
                                                      ----------   -----------
Income before income taxes                               628,255       747,924
Income tax expense                                       217,700       253,000
                                                      ----------   -----------
Net income                                               410,555       494,924

Other comprehensive income (loss), net of tax            309,016      (216,961)
                                                      ----------   -----------
Comprehensive income                                  $  719,571   $   277,963
                                                      ==========   ===========
Basic earnings per common share                       $     0.26   $      0.32
                                                      ==========   ===========
Diluted earnings per common share                     $     0.25   $      0.31
                                                      ==========   ===========
</TABLE>

          See accompanying notes to consolidated financial statements.

                                                                              4.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
                 Three Months Ended September 30, 2004 and 2003
                                  (Unaudited)

<TABLE>
<CAPTION>

                                            Additional                    Unearned      Unearned
                                             Paid-In      Retained          ESOP          RRP        Treasury
                                             Capital      Earnings         Shares        Shares        Shares
                                           -----------   ------------    -----------    ---------    -----------
<S>                                        <C>           <C>             <C>            <C>          <C>
Balance at July 1, 2003                    $14,166,911   $ 14,514,056    $(1,067,434)   $(256,212)   $(6,090,975)

Net income for the period                           --        494,924             --           --             --

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

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

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

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

Change in fair value of securities
  available for sale, net of tax effects            --             --             --           --             --
                                           -----------   ------------    -----------    ---------    -----------
Balance at September 30, 2003              $14,218,880   $ 14,513,394    $  (998,725)   $(211,592)   $(5,949,856)
                                           ===========   ============    ===========    =========    ===========

<CAPTION>
                                             Accumulated
                                                Other
                                             Comprehensive
                                                Income          Total
                                               ---------    ------------
<S>                                          <C>            <C>
Balance at July 1, 2003                        $ 444,105    $ 21,710,451

Net income for the period                             --         494,924

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

Commitment to release 6,500 ESOP
  shares                                              --         100,752

Compensation expense with respect to
  recognition and retention plan                      --          43,697

Exercise of 9,817 stocks options
  and related tax benefit                             --          95,469

Change in fair value of securities
  available for sale, net of tax effects        (216,961)       (216,961)
                                               ---------    ------------
Balance at September 30, 2003                  $ 227,144    $ 21,799,245
                                               =========    ============
</TABLE>

          See accompanying notes to consolidated financial statements.

                                                                              5.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
     CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Continued)
                 Three Months Ended September 30, 2004 and 2003
                                   (Unaudited)

<TABLE>
<CAPTION>

                                           Additional                    Unearned      Unearned
                                            Paid-In       Retained         ESOP          RRP        Treasury
                                            Capital       Earnings        Shares        Shares        Shares
                                           -----------   ------------    ---------    ---------    -----------
<S>                                        <C>           <C>             <C>          <C>          <C>
Balance at July 1, 2004                    $14,508,999   $ 14,722,513    $(773,982)   $(189,779)   $(5,818,102)

Net income                                          --        410,555           --           --             --

Cash dividend - $.3025 per share                    --       (491,471)          --           --             --

Commitment to release 6,925 ESOP
  shares                                        65,297             --       73,202           --             --

Compensation expense with respect to
  recognition and retention plan                    --          1,201           --        6,435             --

Purchase of 8,600 treasury shares                   --             --           --           --       (168,990)

Exercise of 15,800 stock options
  and related tax benefit                           --        (66,123)          --           --        187,625

Change in fair value of securities
  available for sale, net of tax effects            --             --           --           --             --
                                           -----------   ------------    ---------    ---------    -----------
Balance at September 30, 2004              $14,574,296   $ 14,576,675    $(700,780)   $(183,344)   $(5,799,467)
                                           ===========   ============    =========    =========    ===========

<CAPTION>
                                            Accumulated
                                               Other
                                           Comprehensive
                                           Income (Loss)     Total
                                             ---------    ------------
<S>                                        <C>            <C>
Balance at July 1, 2004                      $(140,223)   $ 22,309,426

Net income                                          --         410,555

Cash dividend - $.3025 per share                    --        (491,471)

Commitment to release 6,925 ESOP
  shares                                            --         138,499

Compensation expense with respect to
  recognition and retention plan                    --           7,636

Purchase of 8,600 treasury shares                   --        (168,990)

Exercise of 15,800 stock options
  and related tax benefit                           --         121,502

Change in fair value of securities
  available for sale, net of tax effects       309,016         309,016
                                             ---------    ------------
Balance at September 30, 2004                $ 168,793    $ 22,636,173
                                             =========    ============
</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,
                                                                             2004             2003
                                                                           -----------    -----------
<S>                                                                        <C>            <C>
Cash flows from operating activities
      Net income                                                           $   410,555    $   494,924
      Adjustments to reconcile net income to net cash
        from operating activities:
           Depreciation                                                         38,700         42,300
           Securities amortization and accretion                                16,581         30,646
           Provision for loan losses                                           121,000         15,000
           FHLB stock dividends                                                (24,000)       (21,800)
           Increase in cash surrender value of bank owned life insurance       (32,590)            --
           Compensation expense on ESOP shares                                 138,499        100,752
           Compensation expense on RRP shares                                    7,636         43,697
           Net change in accrued interest receivable and other assets           82,021        283,679
           Net change in accrued expenses and other liabilities                 41,387          8,577
           Net change in deferred loan fees                                     (2,568)         3,220
                                                                           -----------    -----------
                Net cash from operating activities                             797,221      1,000,995

Cash flows from investing activities
      Proceeds from maturities and principal paydowns of
           mortgage-backed securities available for sale                       439,265      1,943,035
      Net change in loans                                                   (1,026,906)    (5,898,746)
      Premises and equipment expenditures                                     (368,201)        (5,384)
      Proceeds from sale of other real estate owned                                 --             --
                                                                           -----------    -----------
           Net cash from investing activities                                 (955,842)    (3,961,095)

Cash flows from financing activities
      Net change in deposits                                                   901,522        588,361
      Net change in short-term FHLB advances                                  (950,000)     2,400,000
      Proceeds from long-term FHLB advances                                     48,500             --
      Repayments of long-term FHLB advances                                   (183,751)      (130,134)
      Cash dividends paid                                                     (491,471)      (429,087)
      Purchase of treasury stock                                              (168,990)            --
      Proceeds from exercise of stock options                                  121,502         75,543
                                                                           -----------    -----------
           Net cash from financing activities                                 (722,688)     2,504,683
                                                                           -----------    -----------

Net change in cash and cash equivalents                                       (881,309)      (455,417)
Cash and cash equivalents at beginning of period                             3,275,185      4,012,397
                                                                           -----------    -----------

Cash and cash equivalents at end of period                                 $ 2,393,876    $ 3,566,980
                                                                           ===========    ===========

Supplemental disclosures of cash flow information
      Interest                                                             $   949,187    $   992,814
      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, 2004, 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, 2004. The accounting policies of HLFC described in
the notes to the consolidated financial statements contained in HLFC's June 30,
2004, 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 bank, 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 ("CCTA"), 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 actual 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.

                                  (Continued)

                                                                              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 includes
the dilutive effect of RRP shares and the additional potential common shares
issuable under outstanding stock options.

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,
                                             -------------------------
                                                2004           2003
                                             -----------   -----------
<S>                                          <C>           <C>
Net income as reported                       $   410,555   $   494,924
Deduct: Stock-based compensation expense
  determined under fair value based method         1,162        42,866
                                             -----------   -----------
Pro forma net income                         $   409,393   $   452,058
                                             ===========   ===========

Basic earnings per share as reported         $      0.26   $      0.32
Pro forma basic earnings per share                  0.25          0.29

Diluted earnings per share as reported       $      0.25   $      0.31
Pro forma diluted earnings per share                0.25          0.29
</TABLE>

                                  (Continued)

                                                                              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, 2004
Securities available for sale
      U.S. Government agencies   $ 2,007,190   $   7,796    $  (1,251)
      Obligations of state and
        political subdivisions     5,324,683     248,028           --
                                 -----------   ---------    ---------
                                 $ 7,331,873   $ 255,824    $  (1,251)
                                 ===========   =========    =========
Mortgage-backed securities
  available for sale
      U.S. Government agencies   $10,107,922   $  26,781    $ (25,608)
                                 ===========   =========    =========
June 30, 2004
Securities available for sale
      U.S. Government agencies   $ 1,993,440   $      --    $  (7,289)
      Obligations of state and
        political subdivisions     5,112,263      33,451           --
                                 -----------   ---------    ---------
                                 $ 7,105,703   $  33,451    $  (7,289)
                                 ===========   =========    =========
Mortgage-backed securities
  available for sale
      U.S. Government agencies   $10,321,735   $   3,331    $(241,952)
                                 ===========   =========    =========
</TABLE>

The fair value of securities by contractual maturity as of September 30, 2004
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                  $        --
Due after one year through five years      2,007,190
Due after five years through ten years     5,324,683
Due after ten years                               --
Mortgage-backed securities                10,107,922
                                         -----------
                                         $17,439,795
                                         ===========
</TABLE>

                                  (Continued)

                                                                             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, 2004 or
2003. At September 30, 2004 and June 30, 2004, securities with a carrying value
of $3,674,277 and $968,302 were pledged to secure public funds.

Securities with unrealized losses at September 30, 2004 aggregated by investment
category and length of time that individual securities have been in a continuous
unrealized loss position are as follows.

<TABLE>
<CAPTION>
                              Less than 12 Months          12 Months or More                  Total
                             ---------------------    -----------------------------   ----------------------
                               Fair      Unrealized      Fair          Unrealized       Fair      Unrealized
Description of Securities      Value       Loss          Value            Loss          Value        Loss
-------------------------      -----       ----          -----            ----          -----        ----
<S>                          <C>         <C>           <C>            <C>             <C>         <C>
U.S. Government agencies     $  998,130   $ (1,251)    $        --    $          --   $  998,130   $ (1,251)
Mortgage backed securities    5,517,133    (25,608)             --               --    5,517,133    (25,608)
                             ----------   --------     -----------    -------------   ----------   --------
Total temporarily impaired   $6,515,263   $(26,859)    $        --    $          --   $6,515,263   $(26,859)
                             ==========   ========     ===========    =============   ==========   ========
</TABLE>

Unrealized losses on securities have not been recognized into income because the
issuers' securities are of high credit quality, management has the intent and
ability to hold for the foreseeable future, and the decline in fair value is
largely due to increases in market interest rates.


NOTE 3 - LOANS

Loans at September 30, 2004 and June 30, 2004 were as follows.

<TABLE>
<CAPTION>
                                             September 30,      June 30,
                                                 2004            2004
                                            -------------     -------------
<S>                                         <C>               <C>
Residential real estate loans:
     1 - 4 family                           $  84,420,889     $  84,586,340
     Multi-family                                 153,681           157,126
     Home equity                                6,224,109         6,047,564
Nonresidential real estate                     16,852,884        16,818,930
Real estate construction and land               5,858,534         4,806,823
                                            -------------     -------------
     Total real estate loans                  113,510,097       112,416,783
Commercial loans                                8,077,352         7,642,474
Consumer and other loans:
     Consumer                                  11,091,663        11,616,681
     Credit card                                  552,813           564,851
     Other                                         39,501            28,478
                                            -------------     -------------
          Total consumer and other loans       11,683,977        12,210,010
                                            -------------     -------------
Total loans                                   133,271,427       132,269,267
Less:
     Allowance for loan losses                   (669,368)         (573,115)
     Net deferred loan fees and costs            (143,806)         (146,374)
                                            -------------     -------------

                                            $ 132,458,252     $ 131,549,778
                                            =============     =============
</TABLE>

                                  (Continued)

                                                                             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,
                                                   ------------------------
                                                      2004         2003
                                                   ----------    ----------
<S>                                                <C>           <C>
Balance at beginning of period                     $  573,115    $  548,543
Provision for losses                                  121,000        15,000
Charge-offs                                           (56,391)      (23,460)
Recoveries                                             31,644        26,875
                                                   ----------    ----------
Balance at end of period                           $  669,368    $  566,958
                                                   ==========    ==========
</TABLE>

Impaired loans were as follows.

<TABLE>
<CAPTION>
                                                  September 30,   June 30,
                                                     2004          2004
                                                   ----------    ----------
<S>                                               <C>            <C>
Period-end loans with no allocated allowance
  for loan losses                                  $       --    $       --
Period-end loans with allocated allowance
  for loan losses                                   1,178,000     1,030,000
                                                   ----------    ----------
      Total                                        $1,178,000    $1,030,000
                                                   ==========    ==========
Amount of the allowance for loan loss allocated    $  379,000    $   10,000
</TABLE>

<TABLE>
<CAPTION>
                                                     Three Months Ended
                                                        September 30,
                                                   ------------------------
                                                     2004            2003
                                                   ----------    ----------
<S>                                                <C>           <C>
Average of impaired loans during the period        $1,062,000    $  449,000
Interest income recognized during impairment               --        12,101
Cash-basis interest income recognized                      --        12,101
</TABLE>

<TABLE>
<CAPTION>
                                                  September 30,   June 30,
                                                      2004         2004
                                                   ----------    ----------
<S>                                               <C>            <C>
Loans past due over 90 days still on accrual       $       --    $   13,000
Nonaccrual loans                                    3,446,000     1,437,000
</TABLE>

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

                                  (Continued)

                                                                             12.

<PAGE>

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

NOTE 4 - FHLB ADVANCES

At September 30, 2004, the Bank had a cash management line of credit enabling it
to borrow up to $15.0 million 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 $3.0
million and $3.9 million at September 30, 2004 and June 30, 2004. The Bank also
had fixed-rate term advances, convertible fixed-rate advances and select pay
mortgage-matched advances at September 30, 2004 and June 30, 2004. 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 $54.8 million,
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, and 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,
                                              Rate Ranges      2004
                                              ----------    -----------
<S>                                           <C>           <C>
Cash management line of credit                      2.03%   $ 3,000,000
Fixed rate advances, final maturities
  ranging from January 2005 to Janury 2010     1.56-4.32%    17,730,000
Convertible, fixed-rate advances, final
  maturities ranging from June 2008
  to July 2012                                 4.39-6.23%    17,000,000
Select payment mortgage matched
  advances, final maturities ranging
  from January 2012 to July 2022               2.84-5.50%     9,941,138
                                                            -----------
                                                            $47,671,138
                                                            ===========
</TABLE>

<TABLE>
<CAPTION>
                                               Interest       June 30,
                                              Rate Ranges       2004
                                              ----------     ----------
<S>                                           <C>           <C>
Cash management line of credit                     1.65%    $ 3,950,000
Fixed rate advances, final maturities
  ranging from January 2005 to Janury 2010    1.56-4.32%     17,730,000
Convertible, fixed-rate advances, final
  maturities ranging from June 2008
  to July 2012                                4.39-6.23%     17,000,000
Select payment mortgage matched
  advances, final maturities ranging
  from January 2012 to July 2022              2.84-5.50%     10,076,389
                                                            -----------
                                                            $48,756,389
                                                            ===========
</TABLE>

                                  (Continued)

                                                                             13.

<PAGE>

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

NOTE 4 - FHLB ADVANCES (Continued)

At September 30, 2004, the scheduled maturities of advances from the FHLB were
as follows.

<TABLE>
<S>                                                                    <C>
Period ending: September 30,2005                                       $      7,400,105
                            2006                                              4,800,846
                            2007                                              6,855,607
                            2008                                              8,203,355
                            2009                                              6,663,085
                            Thereafter                                       13,748,140
                                                                       ----------------
                                                                       $     47,671,138
                                                                       ================
</TABLE>

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, 2004.

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, 2004 and June 30, 2004 was as follows.

<TABLE>
<CAPTION>
                                                     September 30,   June 30,
                                                        2004           2004
                                                      ----------    ----------
<S>                                                  <C>            <C>
Lines of credit - variable rate                       $5,427,000    $5,636,000
1-4 family residential real estate - variable rate       691,000       691,000
1-4 family residential real estate - fixed rate          192,000       123,000
Credit card arrangements - fixed rate                  1,541,000     1,486,000
</TABLE>

The interest rate on fixed-rate commitments ranged from 5.875 % to 13.90% at
September 30, 2004 and from 6.5% to 13.90% at June 30, 2004.

                                                                             14.

                                  (Continued)

<PAGE>

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


NOTE 6 - EARNINGS PER SHARE

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

<TABLE>
<CAPTION>
                                                                Three Months Ended
                                                                  September 30,
                                                            ---------------------------
                                                               2004             2003
                                                            -----------     -----------
<S>                                                         <C>             <C>
Basic
      Net income                                            $   410,555     $   494,924
                                                            ===========     ===========
      Weighted average common shares
        outstanding                                           1,690,270       1,659,784
      Less:  Average unallocated ESOP shares                    (69,349)        (97,322)
      Less:  Average nonvested RRP shares                       (14,495)        (18,175)
                                                            -----------     -----------
      Average shares                                          1,606,426       1,544,287
                                                            ===========     ===========
      Basic earnings per common share                       $      0.26     $      0.32
                                                            ===========     ===========
Diluted
      Net income                                            $   410,555     $   494,924
                                                            ===========     ===========
      Weighted average common shares outstanding
        for basic earnings per common share                   1,606,426       1,544,287
      Add:  Dilutive effects of assumed
         exercises of stock options, net of tax benefits         13,852          38,138
      Add:  Dilutive effects of average nonvested RRP
        shares, net of tax benefits                               1,286             478
                                                            -----------     -----------
      Average shares and dilutive potential
        common shares                                         1,621,564       1,582,903
                                                            ===========     ===========
      Diluted earnings per common share                     $      0.25     $      0.31
                                                            ===========     ===========
</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,
                                                            ---------------------------
                                                             2004                2003
                                                             ----                ----
<S>                                                         <C>             <C>
Unrealized holding gains (losses) on
  available-for-sale securities                             $   468,205     $  (328,728)
Tax effect                                                     (159,189)        111,767
                                                            -----------     -----------
Other comprehensive income (loss)                           $   309,016     $  (216,961)
                                                            ===========     ===========
</TABLE>

                                                                             15.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

INTRODUCTION

In the following pages, management presents an analysis of the consolidated
financial condition of the Corporation at September 30, 2004 compared to June
30, 2004, and the consolidated results of operations for the three months ended
September 30, 2004 compared with the same period in 2003. 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, 2004 were $160.4 million compared to $160.0
million at June 30, 2004, an increase of $400,000, or 0.21%. The increase in
total assets was primarily in loans, which increased $908,000 and premises and
equipment, which increased $330,000, partially offset by a decrease in cash and
cash equivalents of $881,000.

Securities available for sale increased from $7.1 million at June 30, 2004 to
$7.3 million at September 30, 2004 due to an increase in the fair value of these
securities. No securities were purchased or sold and no securities matured
during the three months ended September 30, 2004. Mortgage-backed securities,
which totaled $10.3 million at June 30, 2004, decreased to $10.1 million at
September 30, 2004. This decrease was due to principal payments.

Loan growth during the three months ended September 30, 2004, which totaled
$908,000, occurred primarily in real estate construction and land loans. The
growth was due to competitive pricing in the current low interest rate
environment. Commercial loans increased $435,000 due to increased efforts to
attract business customers. Consumer and other loans decreased $526,000 since
June 30, 2004.

The increase in premises and equipment of $330,000 was primarily associated with
the new branch under construction in Mt. Vernon, Ohio.

                                                                             16.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

Total deposits increased from $87.9 million at June 30, 2004 to $88.8 million at
September 30, 2004. The Corporation had an increase in negotiable order of
withdrawal ("NOW") and money market accounts of $2.7 million. This increase was
partially offset by decreases of $881,000 in certificates of deposit, $674,000
in savings accounts, and $290,000 in noninterest bearing demand accounts. As a
result of the changes in accounts, the certificates of deposit portfolio as a
percent of total deposits decreased from 46.6% at June 30, 2004 to 45.2% at
September 30, 2004. Almost all certificates of deposit mature in less than five
years, with the majority maturing in the next year.

FHLB advances totaled $47.7 million at September 30, 2004, compared to $48.8
million at June 30, 2004, a decrease of $1.1 million. The decline resulted from
scheduled principal repayments and a reduction in the cash management line of
credit partially offset by a new mortgage matched advance of $48,500. At
September 30, 2004, $3.0 million was outstanding on the Bank's $15.0 million
cash-management line of credit with the FHLB compared to $4.0 at June 30, 2004.

COMPARISON OF RESULTS OF OPERATIONS FOR THE THREE MONTHS
  ENDED SEPTEMBER 30, 2004 AND SEPTEMBER 30, 2003

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 $411,000 for the three months ended September 30, 2004, compared
to $495,000 for the three months ended September 30, 2003. The decrease in net
income for the three months ended September 30, 2004 was the result of an
increase of $106,000 in provision for loan losses, partially offset by a
decrease of $35,000 in income tax expense.

Net interest income totaled $1.5 million for the three months ended September
30, 2004 and for the three months ended September 30, 2003. The net interest
margin decreased from 4.16% for the three months ended September 30, 2003 to
3.94% for the three months ended September 30, 2004. However, the increase in
average earning assets offset the effects of the decline in the net interest
margin.

Interest and fees on loans decreased $45,000, or 2.0%, from $2,257,000 for the
three months ended September 30, 2003 to $2,212,000 for the three months ended
September 30, 2004. The decrease was due to a higher average balance of loans
resulting from strong loan demand, which was offset by a decline in yield on
loans.

Interest earned on taxable securities increased $16,000, or 15.5%, from $100,000
for the three months ended September 30, 2003 to $116,000 for the three months
ended September 30, 2004. The increase in income was the result of a higher
average balance of taxable securities due to the purchase of mortgage-backed
securities. Dividends on FHLB stock and other interest income increased $2,000
from the three-month period ended September 30, 2003.

                                                                             17.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

Interest expense on deposits decreased $15,000 from $457,000 for the three
months ended September 30, 2003, to $442,000 for the three months ended
September 30, 2004. The decrease in interest expense was the result of a decline
in the cost of funds partially offset by a higher average balance of deposits
for the period. The decrease in the cost of funds was primarily due to general
market conditions.

Interest on FHLB advances decreased $9,000, or 1.9%, from $481,000 for the three
months ended September 30, 2003, compared to $472,000 for the three months ended
September 30, 2004. The decrease in interest expense was the result of a
decrease in the interest rates on advances partially offset by an increase in
the average balance of FHLB 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, 2004 was
$121,000 compared to $15,000 for the three months ended September 30, 2003. The
allowance for loan losses totaled $669,000, or 0.50% of gross loans, at
September 30, 2004, compared to $573,000, or 0.43% of gross loans, at June 30,
2004. The increase in the percentage of allowance to gross loans was primarily
due to an increase in nonperforming loans at September 30, 2004. Nonperforming
loans have increased from $1.5 million at June 30, 2004 to $3.2 million at
September 30, 2004. The increase in nonperforming loans was primarily due to one
large commercial loan and a large nonresidential real estate loan, both in the
process of resolution. The Corporation's underwriting guidelines 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. Although management believes that its
allowance for loan losses at September 30, 2004 is adequate based on the
available facts and circumstances, there can be no assurance that additions to
such allowance will not be necessary in future periods, which could adversely
affect the Corporation's results of operations.

For the three months ended September 30, 2004, noninterest income totaled
$229,000 compared to $224,000 for the three months ended September 30, 2003. The
increase in noninterest income was primarily due to an increase in gains on sale
of loans, service charges and other fees and other income partially offset by a
decrease in HLFC's earnings from its 33% interest in CCTA. The increase in other
income is primarily from the increase in cash surrender value on bank owned life
insurance policies.

Noninterest expense totaled $968,000 for the three months ended September 30,
2004, compared to $953,000 for the same period in 2003. This increase was due
primarily to increases in salaries and employee benefits and computer
processing. Salaries and employee benefits expense increased $12,000, or 2.1%,
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 2003. These increases were partially offset by a

                                                                             18.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

reduction in expense related to the Corporation's recognition and retention plan
as the majority of the awarded shares fully vested in October 2003.

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 $218,000 for
the three months ended September 30, 2004, compared to $253,000 for the three
months ended September 30, 2003. The effective tax rate was 34.7% for the three
months ended September 30, 2004, compared to 33.8% for the three months ended
September 30, 2003.


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, 2004
and 2003.

<TABLE>
<CAPTION>
                                                           Three Months
                                                        Ended September 30,
                                                        -------------------
                                                         2004        2003
                                                         ----        ----
                                                       (Dollars in thousands)
<S>                                                     <C>         <C>
Net income                                              $   411     $   495
Adjustments to reconcile net income to net cash from
  operating activities                                      386         506
                                                        -------     -------
Net cash from operating activities                          797       1,001
Net cash from investing activities                         (956)     (3,961)
Net cash from financing activities                         (722)      2,505
                                                        -------     -------
Net change in cash and cash equivalents                    (881)       (455)
Cash and cash equivalents at beginning of period          3,275       4,012
                                                        -------     -------
Cash and cash equivalents at end of period              $ 2,394     $ 3,557
                                                        =======     =======
</TABLE>

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 a rising interest
rate environment will significantly affect the liquidity position of the Bank.
However, if necessary, the Bank can sell any of its securities to increase its
liquidity position.

At September 30, 2004, the Corporation had commitments to originate variable and
fixed-rate residential estate mortgage loans totaling $883,000. 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

                                                                             19.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS

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, 2004, and June 30, 2004, 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, 2004 and June 30, 2004. Management is not aware of any matter
subsequent to the last regulatory notification that would cause the Bank's
capital category to change.

At September 30, 2004 and June 30, 2004, 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, 2004

Total capital (to risk-
  weighted assets)                  $    18,816         18.4%         $    8,172            8.0%         $   10,215         10.0%
Tier 1 (core) capital (to
  risk-weighted assets)                  18,147         17.8               4,086            4.0               6,129          6.0
Tier 1 (core) capital (to
  adjusted total assets)                 18,147         11.3               6,415            4.0               8,019          5.0
Tangible capital (to
  adjusted total assets)                 18,147         11.3               2,406            1.5                 N/A

June 30, 2004

Total capital (to risk-
  weighted assets)                  $    18,164         17.8%         $    8,172            8.0%         $   10,216         10.0%
Tier 1 (core) capital (to
  risk-weighted assets)                  17,591         17.2               4,086            4.0               6,129          6.0
Tier 1 (core) capital (to
  adjusted total assets)                 17,591         11.0               6,406            4.0               8,008          5.0
Tangible capital (to
adjusted total assets)                   17,591         11.0               2,402            1.5                 N/A
</TABLE>

                                                                             20.

<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 during the period covered by this report, which
materially affected, or are reasonably likely to materially affect, HLFC's
internal controls over financial reporting.

                                                                             21.

<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
         None

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

                      ISSUER PURCHASES OF EQUITY SECURITIES

<TABLE>
<CAPTION>
                                                                                                          Maximum Number
                                                                                   Total Number of       (or Approximate
                                                                                         Shares            Dollar Value)
                                                                                     Purchased as         of Shares that
                                                                                        Part of             May Yet Be
                                                                Average                Publicly          Purchased Under
                                 Total Number of Shares       Price Paid            Announced Plans        the Plans or
Period                                  Purchased             per Share               or Programs            Programs
------                           ----------------------       ----------            ---------------      ----------------
<S>                              <C>                          <C>                   <C>                  <C>
July 1 - 31, 2004                           -                          -                       -                     -
August 1 - 31, 2004                     8,600  (1)               $ 19.65                       -                     -
September 1 - 30, 2004                      -                          -                       -                     -
</TABLE>

(1) Shares purchased in an open market transaction.

Item 3.      Defaults Upon Senior Securities
             Not applicable

Item 4.      Submission of Matters to a Vote of Security Holders
             None

Item 5.      Other Information
             None

Item 6.      Exhibits
             See Index to Exhibits.

                                                                             22.

<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 15, 2004                 /s/ Robert C. Hamilton
                                        ----------------------------------------
                                        Robert C. Hamilton
                                        President and Chief Executive Officer

Date: November 15, 2004                 /s/ Preston W. Bair
                                        ----------------------------------------
                                        Preston W. Bair
                                        Secretary, Treasurer and Chief
                                        Financial Officer

                                                                             23.

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

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

11                    Statement Regarding                             See Note 6 to the consolidated financial statements.
                      Computation of 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>

                                                                             24.