U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  FORM 10-QSB/A
                               (Amendment No. 1)

(Mark One)


[X]  Quarterly  Report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934

     For the quarterly period ended December 31, 2001


[ ]  Transition Report under Section 13 or 15(d) of the Exchange Act

    For the transition period from ______ to ______

                         Commission File Number: 0-24589

                               BCSB BANKCORP, INC.
--------------------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


          UNITED STATES                                         52-2108333
-----------------------------------------                   --------------------
(State or Other Jurisdiction of                             (I.R.S. Employer
 Incorporation or Organization)                             Identification No.)

            4111 E. JOPPA ROAD, SUITE 300, BALTIMORE, MARYLAND 21236
            --------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (410) 256-5000
                 -----------------------------------------------
                 Issuer's Telephone Number, Including Area Code)

                                       N/A
              ----------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes  X    No
                                                             -----    -----

     As of January 31,  2001,  the issuer had  5,867,322  shares of Common Stock
issued and outstanding.

Traditional Small Business Disclosure Format (check one):

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

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

GENERAL

     The  Company  was formed by the Bank to become the  holding  company of the
Bank following the Bank's  reorganization  to the mutual holding company form of
organization (the "Reorganization").  The Reorganization was consummated on July
8, 1998.

     The Company's net income is dependent primarily on its net interest income,
which is the difference  between interest income earned on its loan,  investment
securities  and  mortgage-backed  securities  portfolio  and  interest  paid  on
interest-bearing  liabilities.  Net  interest  income is  determined  by (i) the
difference  between yields earned on  interest-earning  assets and rates paid on
interest-bearing  liabilities  ("interest  rate  spread")  and (ii) the relative
amounts  of  interest-earning  assets  and  interest-bearing   liabilities.  The
Company's  interest  rate  spread  is  affected  by  regulatory,   economic  and
competitive  factors  that  influence  interest  rates,  loan demand and deposit
flows.  To a lesser  extent,  the  Company's  net income also is affected by the
level of other income,  which primarily consists of fees and charges, and levels
of non-interest expenses such as salaries and related expenses.

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

FORWARD-LOOKING STATEMENTS

     When used in this Form 10-QSB,  the words or phrases "will likely  result,"
"are expected to," "will continue," "is anticipated,"  "estimate,"  "project" or
similar expressions are intended to identify "forward-looking statements" within
the  meaning of the  Private  Securities  Litigation  Reform  Act of 1995.  Such
statements are subject to certain risks and  uncertainties  including changes in
economic  conditions  in the  Company's  market  area,  changes in  policies  by
regulatory  agencies,  fluctuations in interest  rates,  demand for loans in the
Company's market area, and competition that could cause actual results to differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.  The Company wishes to caution readers not to place undue reliance on
any such forward-looking  statements,  which speak only as of the date made. The
Company  wishes to advise readers that the factors listed above could affect the
Company's financial performance and could cause the Company's actual results for
future periods to differ  materially  from any opinions or statements  expressed
with respect to future periods in any current statements.

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


COMPARISON OF FINANCIAL CONDITION AT DECEMBER 31, 2001 AND SEPTEMBER 30, 2001

     During the three months  ended  December 31,  2001,  the  Company's  assets
increased by $20.4 million,  or 5.2%,  from $390.9 million at September 30, 2001
to $411.3 million at December 31, 2001. Loans receivable,  net increased by $3.7
million, or 1.4%, from $268.0 million at September 30, 2001 to $271.7 million at
December 31, 2001. The Company's  mortgage-backed  securities available for sale
increased by $16.4 million,  or 143.3%, from $11.4 million at September 30, 2001
to $27.8 million at December 31, 2001. The Company's mortgage-backed  securities
held to  maturity  decreased  by $4.4  million or 10.7%  from  $41.6  million at
September  30,  2001 to $37.2  million  at  December  31,  2001.  The  Company's
investment  portfolio  available for sale increased $15.8 million or 65.9%, from
$24.0 million at September  30, 2001 to $39.8 million at December 31, 2001.  The
Company's  investment  portfolio  held to maturity  decreased  $6.0 million from
$18.5 million at September  30, 2001 to $12.5 million at December 31, 2001.  The
Company's deposits  increased by $21.0 million,  or 6.5%, from $325.8 million at
September  30, 2001 to $346.8  million at December  31,  2001.  The  increase in
deposits was achieved through  increased  advertising and promotion  activities.

                                       1
<PAGE>

The growth in deposits helped to fund loan growth and security  purchases.  This
strategy was used in an effort to diversify the balance sheet.

COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31, 2001 AND
2000

     Net Income. Net income increased by $54,000, or 77.8%, from $69,000 for the
three  months  ended  December  31,2000 to $123,000  for the three  months ended
December 31,  2001.  The increase in net income was  primarily  attributable  to
increased  interest income due to an increase in the average balance of loans of
$29.5  million,  from $242.0  million at December 31, 2000 to $271.5  million at
December 31, 2001.

     Net Interest  Income.  Net  interest  income was $2.8 million for the three
months ended  December  31, 2001,  compared to $2.4 million for the three months
ended December 31, 2000,  representing  an increase of $438,000,  or 18.3%.  The
increase was  primarily  due to the  increase in the volume of  interest-earning
assets.

     Interest Income.  Interest income increased by $887,000, or 15.4% from $5.8
million for the three  months  ended  December  31, 2000 to $6.7 million for the
three months ended  December 31, 2001.  Interest and fees on loans  increased by
$487,000,  or 10.5%,  from $4.6 million for the three months ended  December 31,
2000 to $5.1  million for the three months  ended  December  31, 2001.  This was
primarily  due to a $29.5  million  increase  in the  average  balance  of loans
receivable  which more than offset a decrease in the average yield on loans of 9
basis  points from 7.63% at December  31,  2000 to 7.52% at December  31,  2001.
Interest  on  mortgage-backed  securities  increased  by $491,000 or 146.6% from
$335,000 for the three months ended  December 31, 2000 to $826,000 for the three
months end December 31, 2001. This increase was primarily due to the increase in
the average balance of mortgage-backed securities from $19.0 million at December
31, 2000 to $61.7  million at December  31,  2001.  Interest  and  dividends  on
investment  securities  decreased by $18,000 or 2.6% from $691,000 for the three
months ended  December 31, 2000 to $673,000 for the three months ended  December
31, 2001.

     Interest Expense. Interest expense, which consists of interest on deposits,
interest  on  borrowed  money and other  interest  expense  increased  from $3.4
million for the three  months  ended  December  31, 2000 to $3.8 million for the
three months ended December 31, 2001 a change of $448,000 or 13.3%.  Interest on
deposits increased $353,000 due to an increase in the average volume of deposits
by $65.7 million from $275.5  million at December 31, 2000 to $341.2  million at
December 31, 2001.  The average  yield on deposits  decreased by 51 basis points
from 4.76% at  December  31,  2000 to 4.25% at December  31,  2001.  Interest on
short-term  borrowings  increased by $95,000 for the three months ended December
31, 2001. This increase was primarily due to an increase of $13.2 million in the
average  balances of advances form the Federal Home Loan Bank of Atlanta  during
the quarter ended December 31, 2001.

                                       2
<PAGE>
     Average Balance Sheet. The following tables sets forth certain  information
relating to the Company's  average  balance sheet and reflects the average yield
on assets and cost of  liabilities  for the  periods  indicated  and the average
yields  earned  and rates  paid.  Such yield and costs are  derived by  dividing
income or expense by the average balance of assets or liabilities, respectively,
for the  periods  presented.  Average  balances  are  computed  using  month-end
balances, except for Other Investments which were computed using daily balances.
<TABLE>
<CAPTION>
                                                                THREE MONTHS ENDED   DECEMBER   31
                                               ---------------------------------------------------------------------------
                                                             2001                                     2000
                                               ---------------------------------       -----------------------------------
                                               AVERAGE                   AVERAGE       AVERAGE                     AVERAGE
                                               BALANCE      INTEREST      RATE         BALANCE       INTEREST       RATE
                                               -------      --------     ------        -------       --------      ------
                                                                           (DOLLARS IN THOUSANDS)
<S>                                            <C>          <C>              <C>       <C>           <C>              <C>
Interest-earning assets:
   Loans....................................   $ 271,499    $   5,104        7.52%     $  241,976    $  4,617         7.63%
   Mortgage-backed securities...............      61,694          826        5.36          19,004         335         7.05
   Dividends and investment securities......      44,298          673        6.08          43,976         690         6.28
   Other Investments........................       8,183           59        2.88           8,455         134         6.34
                                               ---------    ---------                  ----------    --------
       Total interest-earning assets........     385,674        6,662        6.91         313,411       5,776         7.37
Noninterest-earning assets..................      19,087                                   14,231
                                               ---------                               ----------
       Total assets.........................   $ 404,761                               $  327,642
                                               =========                               ==========

Interest-bearing liabilities:
   Deposits.................................   $ 341,283        3,630        4.25         275,537       3,277         4.76
   Borrowings-short term....................      18,300          195        4.26           5,100         100         7.84
   Other liabilities........................       1,708            1        0.23           1,412           1         0.28
                                               ---------    ---------                  ----------    --------
Total interest-bearing liabilities..........     361,291        3,826        4.24         282,049       3,378         4.79
                                                            ---------      ------                    --------       ------
Noninterest-bearing liabilities.............         814                                    2,300
                                               ---------                               ----------
       Total liabilities....................     362,105                                  284,349
Stockholders' equity .......................      42,656                                   43,293
                                               ---------                               ----------
       Total liabilities and stockholders'
            equity..........................   $ 404,761                               $  327,642
                                               =========                               ==========

Net interest income.........................                $   2,836                                $  2,398
                                                            =========                                ========
Interest rate spread........................                                 2.67%                                    2.58%
                                                                           ======                                   ======
Net interest margin.........................                                 2.94%                                    3.06%
                                                                           ======                                   ======
Ratio average interest earning assets/
    interest bearing liabilities............                               106.75%                                  111.12%
                                                                           ======                                   ======
</TABLE>


                                       3
<PAGE>

     Provision for Loan Losses.  The Company charges  provisions for loan losses
to  earnings  to  maintain  the  total  allowance  for  loan  losses  at a level
management  considers  adequate to provide for probable  future loan losses.  In
determining the provision,  management considers prior loss experience,  current
economic  conditions and the probability of these  conditions  affecting  future
loan  performance.  The Company  established  provisions  for losses on loans of
$64,000 for the three months ended December 31, 2001, as compared to $26,000 for
the three months ended December 31, 2000,  representing  an increase of $38,000.
Loan  chargeoffs  for the three months ended  December 31, 2001 were $107,000 as
compared  to  $66,000  for the  three  months  ended  December  31,  2000.  Loan
recoveries were $72,000 for the three months ended December 31, 2001 compared to
$57,000 for the three months ended December 31, 2000.  Non-performing  loans at
December  31, 2001 were  $693,000 as compared to $389,000 at December  31, 2000.
The total  loss  allowance  allocated  to  domestic  loans is $1.6  million.  In
establishing  such  provisions,  management  considered  an analysis of the risk
inherent in the loan portfolio.


     Other Income.  Other income decreased by $15,000, or 9.3% from $162,000 for
the three months ended  December 31, 2000 to $147,000 for the three months ended
December  31,  2001.  The  decrease in other  income for the three  months ended
December  31 2001  was  attributable  primarily  to a  $48,000  increase  in the
provision  for loss on loans  held for  sale.  This was  partially  offset by an
increase  of $18,000 in gain on sale of loans and an increase of $18,000 in fees
on transaction accounts.


     Non-interest  Expenses.  Total non-interest expenses increased by $299,000,
or 12.3%, from $2.4 million for the three months ended December 31, 2000 to $2.7
million  for  the  three  months  ended  December  31,  2001.  The  increase  in
non-interest  expenses  was  primarily  due to an  increase  in data  processing
expenses.  Data processing expense increased $128,000 or 124.3% from $103,000 at
December 31, 2000 to $231,000 at December 31, 2001.  This increase was primarily
due  to an  increased  number  of  transaction  accounts  and a  rate  increase.
Occupancy  expense  increased by $45,000 or 18.0% from  $252,000 at December 31,
2000 to $297,000 at December 31, 2001.  This  increase was due to the  increased
cost of the additional  branch offices.  Salaries and related expenses  remained
unchanged  due to the  credit  to  compensation  expense  for the  market  value
adjustment for the Rabbi-Trust.  The Company established the Rabbi-Trust to hold
shares of Company  Common Stock in connection  with the Company's  obligation to
pay deferred  compensation  under the  Directors'  Retirement  Plan. The related
deferred  compensation  obligation  is classified as a liability and is adjusted
with a corresponding  charge (or credit) to compensation cost by multiplying the
number of shares owned by the Rabbi Trust by the change in the fair market value
of  each  share,  to  reflect  changes  of the  amount  owed  to the  Directors.
Compensation  expense was  increased  by  $125,000  for the three  months  ended
December  31, 2001,  principally  because of the increase in the value of shares
held in the Rabbi  Trust.  Compensation  expense  was reduced by $35,000 for the
three months ended December 31, 2000,  principally because of a decline in value
of shares held in the Rabbi  Trust.  The Company has  submitted a proposal to be
voted at the next meeting of  stockholders  to amend the  Deferred  Compensation
Plan.  If  approved by the  stockholders  and OTS  regulators  there would be no
future need for market value adjustments to the Rabbi-Trust.  During the quarter
ended December 31, 2001, the Company wrote off, against a previously established
allowance,  $51,000 of EPIC loans included in foreclosed real estate. EPIC loans
represented  the balance due on an investment  in a pool of mortgages  which was
foreclosed  by the  trustees  for the holders of the  security  interest  due to
nonperformance.  An allowance for losses was established based upon the original
foreclosure  and  analysis  of the  collectibility  of the loans  granted to the
purchasers of the foreclosed property.



     Income Taxes.  The Company's income tax expense was $77,000 and $45,000 for
the three months ended December 31, 2001 and 2000,  respectively.  The Company's
effective tax rates were 38.6% and 39.3% for the three months ended December 31,
2001 and 2000, respectively.

LIQUIDITY AND CAPITAL RESOURCES

     At December 31, 2001,  the Bank  exceeded all  regulatory  minimum  capital
requirements. For information comparing the Bank's tangible, core and risk-based
capital  levels  to  the  regulatory  requirements,  see  Note  5  of  Notes  to
Consolidated Financial Statements.

     The  Company's  primary  sources of funds are deposits  and  proceeds  from
maturing investment securities and mortgage-backed  securities and principal and
interest  payments on loans.  While  maturities  and scheduled  amortization  of
mortgage-backed  securities and loans are a predictable source of funds, deposit
flows and mortgage prepayments are greatly influenced by general interest rates,
economic conditions, competition and other factors.

     The primary  investing  activities  of the Company are the  origination  of
loans and the purchase of investment securities and mortgage-backed  securities.
During the three months ended  December 31, 2001 and 2000, the Company had $12.8
million and $5.8 million,  respectively, of loan originations.  During the three
months  ended  December  31,  2001 and 2000,  the Company  purchased  investment
securities in the amounts of $17.9 million and $4.7 million,  respectively,  and
mortgage-backed  securities  in the amounts of $19.9  million and $2.5  million,
respectively.  The  purchase of  interest-bearing  deposits was $792,000 for the
three months  ended  December 31,  2000.  There were no such

                                       4
<PAGE>

purchases  for the quarter  ended  December  31,  2001.  The  primary  financing
activity of the Company is the attraction of savings deposits.

     The Company has other  sources of  liquidity  if there is a need for funds.
The Bank has the  ability  to  obtain  advances  from  the FHLB of  Atlanta.  In
addition, the Company maintains a portion of its investments in interest-bearing
deposits at other financial institutions that will be available, if needed.

     The Bank is required to maintain minimum levels of liquid assets as defined
by OTS regulations.  This requirement,  which may be changed at the direction of
the OTS depending upon economic  conditions  and deposit flows,  is based upon a
percentage  of deposits and  short-term  borrowings.  The Bank's  average  daily
liquidity  ratio  for the  month of  December  was  approximately  31.4%,  which
exceeded the  required  level for such  period.  Management  seeks to maintain a
relatively  high level of liquidity in order to retain  flexibility  in terms of
investment  opportunities  and deposit pricing.  Because liquid assets generally
provide for lower rates of return, the Bank's relatively high liquidity will, to
a certain extent, result in lower rates of return on assets.

     The  Company's  most liquid assets are cash,  interest-bearing  deposits in
other  banks and  federal  funds  sold,  which  are  short-term,  highly  liquid
investments with original  maturities of less than three months that are readily
convertible  to known amounts of cash.  The levels of these assets are dependent
on the Company's operating,  financing and investing activities during any given
period. At December 31, 2001, cash, interest-bearing deposits in other banks and
federal funds sold were $4.1 million, $2.1 million and $564,000, respectively.

     The Company  anticipates  that it will have  sufficient  funds available to
meet its current  commitments.  Certificates  of deposit  which are scheduled to
mature in less than one year at December 31, 2001 totaled $156.2 million.  Based
on past  experience,  management  believes  that a  significant  portion of such
deposits will remain with the Bank. The Bank is a party to financial instruments
with  off-balance-sheet  risk made in the normal  course of business to meet the
financing  needs of its  customers.  These  financial  instruments  are  standby
letters of credit,  lines of credit and  commitments  to fund mortgage loans and
involve  to  varying  degrees  elements  of credit  risk in excess of the amount
recognized in the statement of financial position. The contract amounts of those
instruments  express the extent of involvement  the Company has in this class of
financial  instruments and represents the Company's exposure to credit loss from
nonperformance by the other party.

     The Company  generally  requires  collateral  or other  security to support
financial instruments with off-balance-sheet  credit risk. At December 31, 2001,
the Company had commitments  under standby letters of credit and lines of credit
and commitments to originate mortgage loans of $435,000,  $12.9 million and $9.4
million respectively.


                                       5
<PAGE>

                                   SIGNATURES



         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                    BCSB BANKCORP, INC.




Date: March 8, 2002                 /s/ Gary C. Loraditch
                                    ------------------------------------------
                                    Gary C. Loraditch
                                    President
                                    (Principal Executive Officer)



Date: March 8, 2002                 /s/ Bonnie M. Klein
                                    ------------------------------------------
                                    Bonnie M. Klein
                                    Vice President and Treasurer
                                    (Principal Financial and Accounting Officer)



                                       6