<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 March 31, 2002

[ ]   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)

As of May 6, 2002, the latest practical date, 1,667,062 of the issuer's common
shares, no par value, were issued and outstanding.

Transitional Small Business Disclosure Format (check one):

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


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                                                                             1.
<PAGE>


                         HOME LOAN FINANCIAL CORPORATION

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                PAGE
                                                                                                ----
<S>      <C>                                                                                    <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....................................     14


PART II - OTHER INFORMATION

         Item 1.   Legal Proceedings.......................................................     20

         Item 2.   Changes in Securities...................................................     20

         Item 3.   Defaults Upon Senior Securities.........................................     20

         Item 4.   Submission of Matters to a Vote of Security Holders.....................     20

         Item 5.   Other Information.......................................................     20

         Item 6.   Exhibits and Reports on Form 8-K........................................     20

SIGNATURES ................................................................................     21
</TABLE>

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                                                                             2.

<PAGE>


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

-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                   March 31,            June 30,
                                                                                     2002                 2001
                                                                                     ----                 ----
<S>                                                                             <C>                <C>
ASSETS
Cash and due from financial institutions                                        $     2,494,744    $      2,421,129
Interest-bearing deposits in other financial institutions                               273,166             176,939
                                                                                ---------------    ----------------
     Total cash and cash equivalents                                                  2,767,910           2,598,068
Securities available for sale                                                         2,000,340           2,534,650
Mortgage-backed securities available for sale                                        10,058,119          12,191,628
Federal Home Loan Bank stock                                                          1,904,600           1,825,800
Loans, net                                                                          107,820,545         101,307,215
Premises and equipment, net                                                           1,307,525           1,083,434
Accrued interest receivable                                                             682,045             613,994
Other assets                                                                            407,909             242,861
                                                                                ---------------    ----------------

         Total assets                                                           $   126,948,993    $    122,397,650
                                                                                ===============    ================


LIABILITIES
Deposits                                                                        $    76,000,583    $     71,172,481
Federal Home Loan Bank advances                                                      29,855,442          30,925,000
Accrued interest payable                                                                563,244             613,223
Accrued expenses and other liabilities                                                  644,782             354,631
                                                                                ---------------    ----------------
     Total liabilities                                                              107,064,051         103,065,335

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                                                                    --                  --
Paid-in capital                                                                      14,083,151          14,083,151
Retained earnings                                                                    13,668,760          13,314,599
Unearned employee stock ownership plan shares                                        (1,420,704)         (1,619,532)
Unearned recognition and retention plan shares                                         (473,994)           (616,545)
Treasury stock, at cost - 584,288 shares at March 31, 2002 and
  559,257 shares at June 30, 2001                                                    (5,995,026)         (5,841,263)
Accumulated other comprehensive income                                                   22,755              11,905
                                                                                ---------------    ----------------
     Total shareholders' equity                                                      19,884,942          19,332,315
                                                                                ---------------    ----------------

         Total liabilities and shareholders' equity                             $   126,948,993    $    122,397,650
                                                                                ===============    ================
</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              Nine Months Ended
                                                               March 31,                      March 31,
                                                               ---------                      ---------
                                                          2002           2001           2002             2001
                                                          ----           ----           ----             ----
<S>                                                  <C>             <C>            <C>            <C>
Interest and dividend income
     Loans, including fees                           $  2,129,629    $  2,028,225   $  6,473,135   $  5,958,730
     Securities                                           195,100         343,435        643,687      1,057,793
     Other                                                 24,582          29,291         80,233         89,523
                                                     ------------    ------------   ------------   ------------
         Total interest and dividend income             2,349,311       2,400,951      7,197,055      7,106,046

Interest expense
     Deposits                                             608,250         784,026      2,052,276      2,289,154
     Federal Home Loan Bank advances                      391,452         437,759      1,213,985      1,311,472
                                                     ------------    ------------   ------------   ------------
         Total interest expense                           999,702       1,221,785      3,266,261      3,600,626
                                                     ------------    ------------   ------------   ------------

Net interest income                                     1,349,609       1,179,166      3,930,794      3,505,420
Provision for loan losses                                  30,000          15,000         95,000         45,000
                                                     ------------    ------------   ------------   ------------

Net interest income after provision
  for loan losses                                       1,319,609       1,164,166      3,835,794      3,460,420

Noninterest income
     Service charges and other fees                        64,407          52,251        223,081        157,194
     Net gains on sales of loans                           11,618              --         29,216             --
     Other income                                          21,227          25,251         84,431         76,152
                                                     ------------    ------------   ------------   ------------
         Total noninterest income                          97,252          77,502        336,728        233,346

Noninterest expense
     Salaries and employee benefits                       497,421         442,379      1,447,338      1,274,375
     Occupancy and equipment                               66,616          55,602        190,407        168,566
     State franchise taxes                                 36,550          36,000        108,750        108,000
     Computer processing                                   54,080          36,652        126,459        100,739
     Legal, audit and supervisory exam fees                42,634          41,638        138,872        128,863
     Director fees                                         22,060          20,800         64,900         62,400
     Other expense                                        113,683          85,916        369,927        253,445
                                                     ------------    ------------   ------------   ------------
         Total noninterest expense                        833,044         718,987      2,446,653      2,096,388
                                                     ------------    ------------   ------------   ------------

Income before income taxes                                583,817         522,681      1,725,869      1,597,378
Income tax expense                                        206,300         183,500        598,700        575,000
                                                     ------------    ------------   ------------   ------------

Net income                                                377,517         339,181      1,127,169      1,022,378
Other comprehensive income (loss), net of tax             (89,457)        158,491         10,850        704,838
                                                     ------------    ------------   ------------   ------------

Comprehensive income                                 $    288,060    $    497,672   $  1,138,019   $  1,727,216
                                                     ============    ============   ============   ============

Basic earnings per common share                      $        .25    $        .21   $        .76   $        .63
                                                     ============    ============   ============   ============

Diluted earnings per common share                    $        .25    $        .21   $        .74   $        .63
                                                     ============    ============   ============   ============
</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
                    Nine Months Ended March 31, 2002 and 2001
                                   (Unaudited)

-------------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                                                                     Accumulated
                                                             Unearned      Unearned                     Other
                               Paid-In      Retained           ESOP          RRP       Treasury      Comprehensive
                               Capital      Earnings          Shares        Shares      Shares       Income (Loss)      Total
                               -------      --------          ------        ------      ------       -------------      -----
<S>                          <C>           <C>            <C>            <C>          <C>              <C>           <C>
Balance at
  July 1, 2000               $14,083,151   $12,665,932    $(1,873,155)   $(832,265)   $(3,989,862)     $(605,193)    $19,448,608

Net income for
  the period                          --     1,022,378             --           --             --             --       1,022,378

Cash dividend -
  $.305 per share                     --      (516,030)            --           --             --             --        (516,030)

Commitment to release
  18,000 ESOP shares                  --       (55,245)       190,245           --             --             --         135,000

Compensation expense with
  respect to recognition
  and retention plan                  --            --             --       153,499            --             --         153,499

Purchase of 63,380
  treasury shares                     --            --             --           --       (457,977)            --        (457,977)

Change in fair value of
  securities available
  for sale                            --            --             --           --             --        704,838         704,838
                             ------------  -----------    -----------    ---------    -----------      ---------     -----------
Balance at
  March 31, 2001             $14,083,151   $13,117,035    $(1,682,910)   $(678,766)   $(4,447,839)     $  99,645     $20,490,316
                             ===========   ===========    ===========    =========    ===========      =========     ===========
</TABLE>


-------------------------------------------------------------------------------
                                   (Continued)

                                                                             5.
<PAGE>

                         HOME LOAN FINANCIAL CORPORATION
                     ITEM 1. CONDENSED FINANCIAL STATEMENTS
     CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Continued)
                   Nine Months Ended March 31, 2002 and 2001
                                   (Unaudited)

-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                                     Accumulated
                                                             Unearned      Unearned                     Other
                               Paid-In      Retained           ESOP          RRP       Treasury      Comprehensive
                               Capital      Earnings          Shares        Shares      Shares       Income (Loss)      Total
                               -------      --------          ------        ------      ------       -------------      -----
<S>                          <C>           <C>            <C>            <C>          <C>              <C>           <C>
Balance at
  July 1, 2001               $14,083,151   $13,314,599    $(1,619,532)   $(616,545)   $(5,841,263)     $  11,905     $19,332,315

Net income for
  the period                          --     1,127,169             --           --             --             --       1,127,169

Cash dividend -
  $.35 per share                      --      (534,220)            --           --             --             --        (534,220)

Commitment to release
  18,810 ESOP shares                  --        (1,323)       198,828           --             --             --         197,505

Compensation expense with
  respect to recognition
  and retention plan                  --        (2,772)            --      142,551             --             --         139,779

Purchase of 62,971
  treasury shares                     --            --             --           --       (680,215)            --        (680,215)

Exercise of 37,940
  stock options                       --      (234,693)            --           --        526,452             --         291,759

Change in fair value of
  securities available for
  sale, net of tax effects            --            --             --           --             --         10,850          10,850
                             -----------   -----------    -----------    ---------    -----------      ---------     -----------
Balance at
  March 31, 2002             $14,083,151   $13,668,760    $(1,420,704)   $(473,994)   $(5,995,026)     $  22,755     $19,884,942
                             ===========   ===========    ============   ==========   ============     =========     ===========
</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>
                                                                                         Nine Months Ended
                                                                                             March 31,
                                                                                             ---------
                                                                                       2002              2001
                                                                                       ----              ----
<S>                                                                              <C>                <C>
Cash flows from operating activities
     Net income                                                                  $     1,127,169    $     1,022,378
     Adjustments to reconcile net income to net cash
       from operating activities:
         Depreciation                                                                     96,000             81,000
         Securities amortization and accretion                                            (1,938)            (4,261)
         Provision for loan losses                                                        95,000             45,000
         FHLB stock dividends                                                            (78,800)           (88,400)
         Compensation expense for ESOP shares                                            197,505            135,000
         Compensation expense for RRP shares                                             139,779            153,499
         Net change in accrued interest receivable and other assets                     (238,689)           (63,642)
         Net change in accrued expenses and other liabilities                            240,172            361,804
         Net change in deferred loan fees                                                  1,572               (347)
                                                                                 ---------------    ---------------
              Net cash from operating activities                                       1,577,770          1,642,031

Cash flows from investing activities
     Proceeds from maturities of securities available for sale                           500,000            250,000
     Proceeds from maturities and principal paydowns
       of mortgage-backed securities available for sale                                2,186,197          1,259,070
     Net change in loans                                                              (6,609,902)        (8,805,343)
     Premises and equipment expenditures                                                (320,091)           (32,257)
                                                                                 ---------------    ---------------
         Net cash from investing activities                                           (4,243,796)        (7,328,530)

Cash flows from financing activities
     Net change in deposits                                                            4,828,102          6,408,698
     Net change in short-term FHLB advances                                           (3,050,000)        (3,400,000)
     Proceeds from long-term FHLB advances                                             4,000,000          4,000,000
     Maturities and repayments of long-term FHLB advances                             (2,019,558)                --
     Cash dividends paid                                                                (534,220)          (516,030)
     Purchases of treasury shares                                                       (680,215)          (457,977)
     Proceeds from exercise of stock options                                             291,759                 --
                                                                                 ---------------    ---------------
         Net cash from financing activities                                            2,835,868          6,034,691
                                                                                 ---------------    ---------------

Net change in cash and cash equivalents                                                  169,842            348,192
Cash and cash equivalents at beginning of period                                       2,598,068          2,236,265
                                                                                  --------------    ---------------

Cash and cash equivalents at end of period                                       $     2,767,910    $     2,584,457
                                                                                 ===============    ===============

Supplemental disclosures of cash flow information
     Cash paid during the period for:
         Interest                                                                $     3,316,240    $     3,486,584
         Income taxes                                                                    295,978            365,000

</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 March 31, 2002, 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 generally accepted
accounting principles 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, 2001. The accounting
policies of HLFC described in the notes to the consolidated financial statements
contained in HLFC's June 30, 2001, 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 subsidiary, The Home Loan Savings Bank ("Bank"), together referred
to as the Corporation. All significant intercompany transactions and balances
have been eliminated.

The Corporation provides financial services through its main and branch offices
in Coshocton, Ohio and a branch office in West Lafayette, Ohio. The
Corporation's primary deposit products are checking, savings and term
certificate accounts, and its primary lending products are residential mortgage,
nonresidential real estate 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.

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, fair
values of financial instruments and status of contingencies 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.

Basic earnings per common share are 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.

-------------------------------------------------------------------------------
                                  (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)

In June 2001, the Financial Accounting Standards Board ("FASB") issued Statement
of Financial Accounting Standards ("SFAS") No. 141, "Business Combinations."
SFAS No. 141 requires all business combinations within its scope to be accounted
for using the purchase method, rather than the pooling-of-interests method. The
provisions of this Statement apply to all business combinations initiated after
June 30, 2001. The adoption of this Statement will only have an impact on the
Corporation's financial statements if it enters into a business combination.

Also in June 2001, the FASB issued SFAS No. 142, "Goodwill and Other Intangible
Assets," which addresses the accounting for such assets arising from prior and
future business combinations. Upon the adoption of this Statement, goodwill
arising from business combinations will no longer be amortized, but rather will
be assessed regularly for impairment, with any such impairment recognized as a
reduction to earnings in the period identified. Other identified intangible
assets, such as core deposit intangible assets, will continue to be amortized
over their estimated useful lives. The Corporation is required to adopt this
Statement on July 1, 2002. The adoption of this Statement will not have an
impact on the Corporation's financial statements, because the Corporation does
not have any intangible assets.


NOTE 2 - SECURITIES

Securities at March 31, 2002 and June 30, 2001 were as follows:
<TABLE>
<CAPTION>
                                                             Gross          Gross            Estimated
                                           Amortized       Unrealized     Unrealized            Fair
                                             Cost            Gains          Losses              Value
                                             ----            -----          ------              -----
<S>                                       <C>                <C>            <C>              <C>
MARCH 31, 2002
--------------
Securities available for sale
     U.S. Government agencies             $ 2,000,000        $   340        $     --         $ 2,000,340
                                          ===========        =======        ========         ===========

Mortgage-backed securities
  available for sale
     U.S. Government agencies             $10,023,982        $34,137        $     --         $10,058,119
                                          ===========        =======        ========         ===========

JUNE 30, 2001
-----------
Securities available for sale
     U.S. Government agencies             $ 2,495,947        $38,703        $     --         $ 2,534,650
                                          ===========        =======        ========         ===========

Mortgage-backed securities
  available for sale
     U.S. Government agencies             $12,212,293        $   197        $(20,862)        $12,191,628
                                          ===========        =======        ========         ===========

</TABLE>

-------------------------------------------------------------------------------
                                  (Continued)


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

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

NOTE 2 - SECURITIES (Continued)

Contractual maturities of securities at March 31, 2002 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>
                                                             Amortized       Estimated Fair
                                                               Cost              Value
                                                               ----              -----
<S>                                                         <C>               <C>
           Due within one year                              $ 2,000,000       $ 2,000,340
           Mortgage-backed securities                        10,023,982        10,058,119
                                                            -----------       -----------

                                                            $12,023,982       $12,058,459
                                                            ===========       ===========
</TABLE>

No securities were sold during the three or nine months ended March 31, 2002 or
2001. At March 31, 2002 and June 30, 2001, securities with a carrying value of
$1,800,306 and $1,823,520 were pledged to secure public funds.


NOTE 3 - LOANS

Loans at March 31, 2002 and June 30, 2001 were as follows:
<TABLE>
<CAPTION>
                                                                                      March 31,          June 30,
                                                                                        2002               2001
                                                                                        ----               ----
<S>                                                                                  <C>               <C>
     Residential real estate loans:
         1- 4 family                                                                 $ 72,791,851      $ 66,429,160
         5 or more dwelling units                                                         212,963                --
         Home equity                                                                    3,981,148         4,346,952
     Nonresidential real estate                                                        11,371,462        10,182,084
     Real estate construction                                                           1,521,718         1,739,800
     Land                                                                                 682,879           681,622
                                                                                     ------------      ------------
         Total real estate loans                                                       90,562,021        83,379,618
     Commercial loans                                                                   3,573,406         4,151,117
     Consumer loans:
         Home improvement                                                               4,361,092         5,558,066
         Automobile                                                                     5,422,911         4,922,723
         Deposit                                                                          342,646           380,690
         Credit card                                                                      522,217           535,874
         Other                                                                          3,947,125         3,719,082
                                                                                     ------------      ------------
              Total consumer and other loans                                           14,595,991        15,116,435
                                                                                     ------------      ------------
     Total loans                                                                      108,731,418       102,647,170
     Less:
         Allowance for loan losses                                                       (473,521)         (462,292)
         Loans in process                                                                (271,146)         (713,029)
         Net deferred loan fees and costs                                                (166,206)         (164,634)
                                                                                     ------------      ------------

                                                                                     $107,820,545      $101,307,215
                                                                                     ============      ============
</TABLE>

-------------------------------------------------------------------------------
                                   (Continued)


                                                                             10.
<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                   Nine Months
                                                          Ended March 31,                Ended March 31,
                                                          ---------------                ---------------
                                                         2002         2001             2002           2001
                                                         ----         ----             ----           ----
<S>                                                    <C>           <C>              <C>           <C>
        Beginning balance                              $476,367      $416,903         $462,292      $404,888
        Provision for losses                             30,000        15,000           95,000        45,000
        Loans charged-off                               (34,787)      (12,169)         (96,081)      (30,456)
        Recoveries                                        1,941            99           12,310           401
                                                       --------      --------         ---------     --------

        Ending balance                                 $473,521      $419,833         $473,521      $419,833
                                                       ========      ========         ========      ========
</TABLE>

Nonperforming loans consisted of loans past due over 90 days still accruing
interest totaling approximately $625,000 at March 31, 2002 and $234,000 at June
30, 2001. No loans were on nonaccrual status at March 31, 2002 or June 30, 2001.
Nonperforming loans include smaller balance homogeneous loans, such as
residential mortgage and consumer loans, which are collectively evaluated for
impairment.

As of March 31, 2002 and June 30, 2001 and for the three and nine months ended
March 31, 2002 and 2001, no loans were required to be evaluated for impairment
on an individual loan basis within the scope of SFAS No. 114.


NOTE 4 -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 are currently any such matters that will have a material
effect on the financial statements.

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. 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.

-------------------------------------------------------------------------------
                                   (Continued)


                                                                             11.
<PAGE>

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

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

NOTE 4 - OFF-BALANCE SHEET ACTIVITIES  (Continued)

A summary of the notional or contractual amounts of financial instruments with
off-balance sheet risk at March 31, 2002 and June 30, 2001 follows:
<TABLE>
<CAPTION>
                                                                           March 31,          June 30,
                                                                             2002               2001
                                                                             ----               ----

<S>                                                                        <C>               <C>
Lines of credit-variable rate                                              $3,733,000        $3,923,000
1-4 family residential real estate-variable rate                            1,643,000           998,000
1-4 family residential real estate-fixed rate                                 693,000           356,000
Commercial real estate-variable rate                                               --           350,000
Credit card arrangements-fixed rate                                         1,380,000         1,326,000
</TABLE>

The interest rates on fixed-rate commitments ranged from 6.875% to 13.90% at
March 31, 2002 and 7.00% to 13.90% at June 30, 2001. The interest rates on
variable rate commitments ranged from 5.375% to 7.25% at March 31, 2002 and
6.50% to 8.00% at June 30, 2001.


NOTE 5 - EARNINGS PER SHARE

The factors used in the earnings per share computation are as follows.
<TABLE>
<CAPTION>
                                                        Three Months Ended           Nine Months Ended
                                                             March 31,                    March 31,
                                                             ---------                    ---------
                                                         2002          2001           2002          2001
                                                         ----          ----           ----          ----
<S>                                                  <C>            <C>           <C>            <C>
Basic
     Net income                                      $  377,517     $  339,181    $1,127,169     $1,022,378
                                                     ============   ==========    ==========     ==========
     Weighted average common shares
       outstanding                                    1,664,728      1,831,213     1,670,272      1,857,759
     Less:  Average unallocated ESOP shares            (137,127)      (161,795)     (143,397)      (167,795)
     Less:  Average nonvested RRP shares                (38,686)       (54,869)      (42,379)       (58,712)
                                                     ----------     ----------    ----------     ----------
     Average shares                                   1,488,915      1,614,549     1,484,496      1,631,252
                                                     ==========     ==========    ==========     ==========

     Basic earnings per common share                 $      .25     $      .21    $      .76     $      .63
                                                     ==========     ==========    ==========     ==========

Diluted
     Net income                                      $  377,517     $  339,181    $1,127,169     $1,022,378
                                                     ==========     ==========    ==========     ==========
     Weighted average common shares
       outstanding for basic earnings per
       common share                                   1,488,915      1,614,549     1,484,496      1,631,252
     Add:  Dilutive effects of assumed
       exercises of stock options                        41,732          7,852        43,903             --
                                                     ----------     ----------    ----------     ----------
     Average shares and dilutive potential
       common shares                                  1,530,647      1,622,401     1,528,399      1,631,252
                                                     ==========     ==========    ==========     ==========

     Diluted earnings per common share               $      .25     $      .21    $      .74     $      .63
                                                     ==========     ==========    ==========     ==========
</TABLE>

-------------------------------------------------------------------------------
                                   (Continued)


                                                                             12.
<PAGE>

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

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

NOTE 5 - EARNINGS PER SHARE (Continued)

Unearned RRP shares did not have a dilutive effect on earnings per share for the
three and nine months ended March 31, 2002 or 2001, as the fair value of the RRP
shares on the date of grant was greater than the average market price for those
periods. Outstanding stock options, which totaled 188,470 at March 31, 2001, did
not have a dilutive effect on earnings per share for the nine months ended March
31, 2001, as the exercise prices of the options were greater than the average
market price for the period.


NOTE 6 - OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) components and related taxes were as follows.
<TABLE>
<CAPTION>
                                                      Three Months Ended          Nine Months Ended
                                                           March 31,                   March 31,
                                                           ---------                   ------
                                                       2002            2001        2002         2001
                                                       ----            ----        ----         ----
<S>                                                 <C>            <C>           <C>         <C>
Unrealized holding gains (losses) on
  available-for-sale securities                     $(135,541)     $240,138      $16,439     $1,067,935
Tax effect                                             46,084       (81,647)      (5,589)      (363,097)
                                                    ---------      --------      -------     ----------

Other comprehensive income (loss)                   $ (89,457)     $158,491      $10,850     $  704,838
                                                    =========      ========      =======     ==========

</TABLE>


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

                                                                             13.

<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 as of March 31, 2002 compared to June 30,
2001, and the consolidated results of operations for the three and nine months
ended March 31, 2002 compared with the same periods in 2001. 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 discussion or future filings by the Corporation with the
Securities and Exchange Commission, or other public or shareholder
communications, or in oral statements made with the approval of an authorized
executive officer, 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 the results of 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 March 31, 2002 were $126.9 million compared to $122.4 million at
June 30, 2001, an increase of $4.5 million, or 3.7%. The increase in total
assets was primarily in loans, which increased $6.5 million. Loan growth
consisted primarily of one- to four-family residential real estate loans, which
increased $6.4 million. The growth in residential real estate loans was due to
competitive pricing.

Total deposits increased $4.8 million, from $71.2 million at June 30, 2001, to
$76.0 million at March 31, 2002. The increase in deposits was primarily in NOW
accounts and money market accounts, which increased $4.2 million. Savings
accounts increased $1.4 since June 30, 2001, while certificates of deposit and
noninterest bearing demand deposit decreased. The overall growth in deposits has
occurred despite the dramatic decline in interest rates. Continuing volatility
in the stock market has prompted some investors to seek financial institution
deposit products. Customers seeking more liquidity in the current low interest
rate environment have shifted their funds into transaction accounts. As a
result, the certificates of deposit portfolio as a percent of total deposits
decreased from 53.7% at June 30, 2001 to 49.4% at March 31, 2002. Almost all
certificates of deposit mature in less than three years, with the majority
maturing in the next year.


--------------------------------------------------------------------------------
                                   (Continued)

                                                                             14.

<PAGE>

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

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

Federal Home Loan Bank ("FHLB") advances totaled $29.9 million at March 31,
2002, compared to $30.9 million at June 30, 2001, a decrease of $1.0 million. At
March 31, 2002 and June 30, 2001, $1.9 million and $4.9 million, respectively,
was outstanding on the Bank's $10.0 million cash-management line of credit with
the FHLB. During the nine months ended March 31, 2002, a one-year, $2.0 million,
fixed-rate advance matured. The Corporation replaced this borrowing with a new
one-year, $2.0 million, fixed-rate advance and added $2.0 million of
mortgage-matched advances as a funding source for fixed-rate mortgage loans. The
interest rates on all but $6.0 million of the long-term borrowings, including
the mortgage-matched advances, are fixed for a specified number of years, then
convertible to variable rates at the option of the FHLB. Interest is due monthly
and principal is due upon maturity. If the convertible option is exercised, the
advance may be prepaid without penalty.


COMPARISON OF RESULTS OF OPERATIONS FOR THE THREE MONTHS
  ENDED MARCH 31, 2002 AND MARCH 31, 2001

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 are 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 $377,517 for the three months ended March 31, 2002, compared to
$339,181 for the three months ended March 31, 2001. The increase in net income
for the three months ended March 31, 2002 was the result of an increase in net
interest income and noninterest income partially offset by an increase in
noninterest expense and provision for loan losses.

Net interest income totaled $1,349,608 for the three months ended March 31,
2002, compared to $1,179,166 for the three months ended March 31, 2001,
representing an increase of $170,442, or 14.45%. The change in net interest
income is attributable to an increase in average earning assets and an increase
in net interest margin.

Interest and fees on loans increased $101,404, or 5.0%, from $2,028,225 for the
three months ended March 31, 2001 to $2,129,629 for the three months ended March
31, 2002. The increase was due to a higher average balance of loans resulting
from strong loan growth.

Interest earned on securities totaled $195,099 for the three months ended March
31, 2002, compared to $343,435 for the three months ended March 31, 2001. The
decrease was a result of a lower average balance of securities due to a sale of
approximately $5 million of mortgage-backed securities, which occurred in the
last quarter of fiscal 2001. The proceeds from this sale were used to help fund
loan growth rather than being reinvested in securities.


--------------------------------------------------------------------------------
                                   (Continued)

                                                                             15.

<PAGE>

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

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

Interest expense on deposits decreased $175,776 from $784,026 for the three
months ended March 31, 2001, to $608,250 for the three months ended March 31,
2002. The decrease in interest expense was the result of a decline in the cost
of funds partially offset by 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 and other borrowings totaled $437,759 for the three
months ended March 31, 2001, compared to $391,452 for the three months ended
March 31, 2002. The decrease in interest expense was the result of a decrease in
interest rates on FHLB advances partially offset by an increase in the average
balance of advances. The additional borrowings were used to fund 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 that is considered adequate to absorb probable losses inherent 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, known and inherent risks in the nature and volume of the portfolio,
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 totaled $30,000 for the three months ended March
31, 2002 and $15,000 for the three months ended March 31, 2001. The allowance
for loan losses totaled $473,521, or 0.44% of total loans, net of loans in
process and net deferred loan fees and costs at March 31, 2002, compared with
0.45%, at June 30, 2001. Nonperforming loans totaled $625,000, or 0.58% of total
loans, net of loans in process and net deferred loan fees and costs at March 31,
2002, compared to $234,000, or 0.23%, at June 30, 2001. The increase in the
provision for loan losses over the comparable three-month period was due to loan
growth, an increase in net charge-offs and an increase in nonperforming loans.
Net charge-offs were $32,846 for the three months ended March 31, 2002 compared
to $12,070 for the three months ended March 31, 2001.

For the three months ended March 31, 2001, noninterest income totaled $77,502
compared to $97,252 for the three months ended March 31, 2002. During the 2002
period, the Corporation experienced an increase in service charges and fees due
to the Corporation charging fees on foreign ATM transactions, an increase in the
fee the Bank charges its customers for overdrafts and an increase in commissions
from the sale of credit life insurance associated with increased consumer loan
activity. Additionally, the Corporation began selling fixed-rate 1-4 family
mortgage loans on the secondary market which resulted in gains on sales of loans
of $11,618. Selling loans on the secondary market enables the Corporation to
manage interest rate risk by reducing the Corporation's investment in longer
term, fixed-rate loans while still providing this product to its customers.

--------------------------------------------------------------------------------
                                   (Continued)

                                                                             16.
<PAGE>

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

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

Noninterest expense totaled $833,044 for the three months ended March 31, 2002,
compared to $718,987 for the same period in 2001. This $114,057 increase was due
primarily to increases in salaries and employee benefits, computer processing
and other expense. The increase in salaries and employee benefits was the result
of normal, annual merit increases, additional staffing hired due to the growth
of the Bank and the impact the increase in the Corporation's stock price has on
the Corporation's stock-based compensation plans. The increase in computer
processing was due to the Company's change in core data processors and the
additional features of the new system, which occurred during the quarter. The
increase in other expense was primarily due to initial conversion costs in
connection with the change in core data processors.

The change in income tax expense is primarily attributable to the change in net
income before income taxes and the impact the Corporation's stock price has on
the stock-based employee benefit plans. The provision for income taxes totaled
$206,300, for a 35.3% effective tax rate for the three months ended March 31,
2002 compared to $183,500, for a 35.1% effective tax rate for the three months
ended March 31, 2001.


COMPARISON OF RESULTS OF OPERATIONS FOR THE NINE MONTHS
  ENDED MARCH 31, 2002 AND MARCH 31, 2001

Net income was $1,127,169 for the nine months ended March 31, 2002, compared to
$1,022,378 for the nine months ended March 31, 2001. The increase in net income
for the nine months ended March 31, 2002 was primarily the result of an increase
in net interest income and noninterest income partially offset by an increase in
noninterest expense and provision for loan losses.

Net interest income was $3,930,794 for the nine months ended March 31, 2002,
compared to $3,505,420 for the nine months ended March 31, 2001, representing an
increase of $425,374, or 12.13%. The increase in net interest income is
attributable to an increase in average earning assets and an increase in net
interest margin.

Interest and fees on loans increased $514,405, or 8.63%, from $5,958,730 for the
nine months ended March 31, 2001 to $6,473,135 for the nine months ended March
31, 2002. The increase was due to a higher average balance of loans resulting
from strong loan growth partially offset by a decrease in loan yields due to the
lower interest rate environment.

Interest earned on securities totaled $643,687 for the nine months ended March
31, 2002, compared to $1,057,793 for the nine months ended March 31, 2001. The
decrease was a result of a lower average balance of securities due to a sale of
approximately $5 million of mortgage-backed securities, which occurred in the
last quarter of fiscal 2001. The proceeds from this sale were used to help fund
loan growth rather than being reinvested in securities.

Other interest income decreased $9,290 from $89,523 for the nine months ended
March 31, 2001, to $80,233 for the nine months ended March 31, 2002.

Interest paid on deposits decreased $236,878 from $2,289,154 for the nine months
ended March 31, 2001, to $2,052,276 for the nine months ended March 31, 2002.
The decrease in interest expense was the result of a lower cost of funds
partially offset by an increase in the average balance of deposits. The decrease
in the cost of funds was primarily due to general market conditions.


--------------------------------------------------------------------------------
                                   (Continued)

                                                                             17.

<PAGE>

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

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

Interest on FHLB advances and other borrowings totaled $1,213,985 for the nine
months ended March 31, 2002, compared to $1,311,472 for the nine months ended
March 31, 2001. The decrease in interest expense was the result of a decrease in
interest rates on FHLB advances partially offset by an increase in the average
balance of advances.

The provision for loan losses totaled $95,000 for the nine months ended March
31, 2002 and $45,000 for the nine months ended March 31, 2001. The increase in
the provision for loan losses resulted from an increased level of nonperforming
loans, increased net charge-offs and loan growth.

For the nine months ended March 31, 2002, noninterest income totaled $336,728
compared to $233,346 for the nine months ended March 31, 2001. During the 2002
period, the Corporation experienced an increase in service charges and fees due
to the Corporation charging fees on foreign ATM transactions, an increase in the
fee the Bank charges its customers for overdrafts fee and an increase in
commissions from the sale of credit life insurance associated with increased
consumer loan activity. Additionally, the Corporation began selling fixed-rate
1-4 family mortgage loans on the secondary market which resulted in gains on
sales of loans of $29,216.

Noninterest expense totaled $2,446,653 for the nine months ended March 31, 2002,
compared to $2,096,388 for the same period in 2001. This increase was due
primarily to increases in salaries and employee benefits, computer processing
and other expenses. The increase in salaries and employee benefits was the
result of normal, annual merit increases, additional staffing hired due to the
growth of the Bank and the impact the increase in the Corporation's stock price
has on the Corporation's stock-based compensation plans. The increase in
computer processing was due to the Company's change in core data processors and
the additional features of the new system, which occurred during the quarter.
The increase in other expense was primarily due to initial conversion costs in
connection with the change in core data processors.

The volatility of income tax expense is primarily attributable to the change in
net income before income taxes and the impact the Corporation's stock price has
on the stock-based employee benefit plans. The provision for income taxes
totaled $598,700 for a 34.7% effective tax rate for the nine months ended March
31, 2002 compared to $575,000 for a 36.0% effective tax rate for the nine months
ended March 31, 2001.


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 nine months ended March 31, 2002 and
2001.
<TABLE>
<CAPTION>
                                                                                         Nine Months
                                                                                        Ended March 31,
                                                                                        ---------------
                                                                                      2002         2001
                                                                                      ----         ----
                                                                                    (Dollars in thousands)
<S>                                                                                  <C>          <C>
Net income                                                                           $ 1,127      $ 1,022
Adjustments to reconcile net income to net cash from operating activities                451          620
                                                                                     -------      -------
Net cash from operating activities                                                     1,578        1,642
Net cash from investing activities                                                    (4,244)      (7,329)
Net cash from financing activities                                                     2,836        6,035
                                                                                     -------      -------
Net change in cash and cash equivalents                                                  170          348
Cash and cash equivalents at beginning of period                                       2,598        2,236
                                                                                     -------      -------
Cash and cash equivalents at end of period                                           $ 2,768      $ 2,584
                                                                                     =======      =======
</TABLE>

--------------------------------------------------------------------------------
                                   (Continued)

                                                                             18.

<PAGE>

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

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

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.

At March 31, 2002, the Corporation had commitments to originate fixed and
variable rate residential real estate mortgage loans totaling $2,336,000. 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 4 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 March 31, 2002, and June 30, 2001, 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 March 31, 2002 and June 30, 2001.
Management is not aware of any matter that would cause the Bank's capital
category to change.

At March 31, 2002 and June 30, 2001, the Bank's actual capital levels and
minimum required levels were as follows:
<TABLE>
<CAPTION>
                                                               Minimum                    Minimum
                                                           Required To Be             Required To Be
                                                        Adequately Capitalized        Well Capitalized
                                                        Under Prompt Corrective    Under Prompt Corrective
                                     Actual               Action Regulations         Action Regulations
                               Amount       Ratio         Amount       Ratio        Amount         Ratio
                               ------       -----         ------       -----        ------         -----
                                                        (Dollars in thousands)
<S>                            <C>             <C>        <C>              <C>        <C>          <C>
March 31, 2002
--------------
Total capital (to risk-
  weighted assets)             $16,003       20.4%        $ 6,265        8.0%       $ 7,831        10.0%
Tier 1 (core) capital (to
  risk-weighted assets)         15,530       19.8           3,132        4.0          4,698         6.0
Tier 1 (core) capital (to
  adjusted total assets)        15,530       12.2           5,074        4.0          6,342         5.0
Tangible capital (to
  adjusted total assets)        15,530       12.2           1,903        1.5           N/A

June 30, 2001
-------------
Total capital (to risk-
  weighted assets)             $14,464       19.5%        $ 5,920        8.0%       $ 7,400        10.0%
Tier 1 (core) capital (to
  risk-weighted assets)         14,002       18.9           2,960        4.0          4,440         6.0
Tier 1 (core) capital (to
  adjusted total assets)        14,002       11.4           4,894        4.0          6,117         5.0
Tangible capital (to
  adjusted total assets)        14,002       11.4           1,835        1.5           N/A
</TABLE>


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

                                                                             19.
<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
           None

Item 5.    OTHER INFORMATION
           None

Item 6.    EXHIBITS AND REPORTS ON FORM 8-K
           No current reports on Form 8-K were filed by the small business
           issuer during the quarter ended March 31, 2002.


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

                                                                             20.

<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: May 8, 2002                          /s/ Robert C. Hamilton
------------------------                   ------------------------------------
                                           Robert C. Hamilton
                                           President and Chief Executive Officer




Date: May 8, 2002                          /s/ Preston W. Bair
------------------------                   ------------------------------------
                                           Preston W. Bair
                                           Secretary, Treasurer and Chief
                                           Financial Officer




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

                                                                             21.