U.S. 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 December 31, 2000


[ ]  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,  2000,  the issuer had  5,887,072  shares of Common Stock
issued and outstanding.

Traditional Small Business Disclosure Format (check one):

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


<PAGE>



                                    CONTENTS

                                                                            PAGE
                                                                            ----
PART I.  FINANCIAL INFORMATION
         ---------------------

Item 1.  Financial Statements

         Consolidated Statements of Financial Condition as of
                  December 31, 2000 (unaudited) and September 30, 2000........2

         Consolidated Statements of Operations for the Three Months Ended
                  December 31. 2000  and 1999  (unaudited)....................3

         Consolidated Statements of Cash Flows for the Three  Months Ended
                  December 31, 2000 and 1999 (unaudited)......................4

     Notes to Consolidated Financial Statements (Unaudited)...................7

Item 2.  Management's Discussion and Analysis or Plan of Operation............9


PART II.  OTHER INFORMATION
          -----------------

Item 1.  Legal Proceedings....................................................13

Item 2.  Changes in Securities and Use of Proceeds............................13

Item 3.  Defaults Upon Senior Securities......................................13

Item 4.  Submission of Matters to a Vote of Security Holders..................13

Item 5.  Other Information....................................................13

Item 6.  Exhibits and Reports on Form 8-K.....................................14


SIGNATURES....................................................................15





                                       1
<PAGE>


                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                 ----------------------------------------------
<TABLE>
<CAPTION>
                                                                             DECEMBER 31,      SEPTEMBER 30,
                                                                                2000               2000
                                                                           --------------     -------------
                                                                             (Unaudited)
                                      Assets
                                      ------
<S>                                                                      <C>                 <C>
Cash                                                                     $    6,245,590      $    6,570,657
Interest bearing deposits in other banks                                     10,941,870           5,255,622
Federal funds sold                                                            2,265,719             455,431
Investment securities, held to maturity                                      43,408,309          41,158,120
Loans receivable, net                                                       242,503,434         241,519,815
Mortgage backed securities, held to maturity                                 19,164,155          19,824,152
Foreclosed real estate, net                                                          --              50,000
Premises and equipment, net                                                   6,771,743           6,709,595
Federal Home Loan Bank of Atlanta stock                                       1,834,400           1,834,400
Accrued interest receivable  - loans                                            835,140             863,647
                             - investments                                      781,447             730,607
                             - mortgage backed securities                       121,117             121,088
Prepaid income taxes                                                            266,991             257,581
Other assets                                                                    614,785             528,459
                                                                         --------------      --------------
Total assets                                                             $  335,754,700      $  325,879,174
                                                                         ==============      ==============
                Liabilities and Stockholders' Equity
                ------------------------------------
Liabilities
-----------
  Deposits                                                               $  284,354,064      $  268,881,604
  Borrowed money                                                              4,500,000           9,500,000
  Advance payments by borrowers for taxes and insurance                       1,082,719           1,190,057
  Income taxes payable                                                           79,147              25,532
  Dividends payable                                                             265,954             265,954
  Payables to disbursing agents                                                 346,686             364,755
  Other liabilities                                                           1,977,524           2,308,455
                                                                         --------------      --------------
Total liabilities                                                           292,606,094         282,536,357

Commitments and contingencies

Stockholders' Equity
--------------------
  Common stock (Par value $.01 -  13,500,000  authorized,
    5,887,072  issued and outstanding at December 31, 2000
    and September 30, 2000 respectively)                                         58,871              58,871
  Additional paid-in capital                                                 20,197,453          20,214,611
  Retained earnings (substantially restricted)                               25,249,867          25,447,089
  Employee Stock Ownership Plan                                              (1,280,496)         (1,326,228)
  Stock held by Rabbi Trust                                                  (1,077,089)         (1,051,526)
                                                                         ---------------     ---------------
                                                                             43,148,606          43,342,817
                                                                         --------------      --------------
Total liabilities and retained earnings                                  $  335,754,700      $  325,879,174
                                                                         ==============      ==============
</TABLE>

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


                                       2
<PAGE>

                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND

                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                -------------------------------------------------

<TABLE>
<CAPTION>
                                                                 FOR THREE MONTHS ENDED
                                                                         DECEMBER 31,
                                                                --------------------------
                                                                  2000              1999
                                                                --------          --------
<S>                                                         <C>                <C>
Interest Income
---------------
  Interest and fees on loans                                $   4,616,942      $ 4,117,600
  Interest on mortgage-backed securities                          334,685          377,329
  Interest and dividends on investment securities                 690,575          569,946
  Other interest income                                           133,967          107,140
                                                            -------------      -----------
Total interest income                                           5,776,169        5,172,015

Interest Expense
----------------
  Interest on deposits                                          3,277,149        2,442,244
  Interest on borrowings - short term                             100,029          235,883
  Other interest expense                                            1,056            1,306
                                                            -------------      -----------
Total interest expense                                          3,378,234        2,679,433
                                                            -------------      -----------

  Net interest income                                           2,397,935        2,492,582
  Provision for losses on loans                                    25,569           51,400
                                                            -------------      -----------
  Net interest income after provision
     for losses on loans                                        2,372,366        2,441,182

Other Income
------------
  Servicing fee income                                              3,082              121
  Fees and charges on loans                                        36,942           35,546
  Fees on transaction accounts                                     70,076           47,727
  Rental income                                                    24,938           29,020
  Gain from real estate development and joint venture                 --               297
  Miscellaneous income                                             26,663           15,769
                                                            -------------      -----------
  Net other income                                                161,701          128,480

Non-Interest Expenses
---------------------
  Salaries and related expense                                  1,379,357        1,085,158
  Occupancy expense                                               251,633          210,195
  Deposit insurance premiums                                       30,449           50,309
  Data processing expense                                         103,459          131,891
  Property and equipment expense                                  198,891          197,377
  Professional fees                                                49,647           52,191
  Advertising                                                     269,075          191,159
  Telephone, postage and office supplies                           93,083          126,506
  Other expenses                                                   44,391           56,295
                                                            -------------      -----------
  Total non-interest expenses                                   2,419,985        2,101,081
                                                            -------------      -----------

Income before tax provision                                       114,082          468,581
Income tax provision                                               44,790          180,774
                                                            -------------      -----------

Net income                                                  $      69,292      $   287,807
                                                            =============      ===========

Basic and diluted earnings per share                        $        0.01      $      0.05
                                                            =============      ===========
</TABLE>

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


                                       3
<PAGE>


                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND


                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                -------------------------------------------------

<TABLE>
<CAPTION>
                                                                                 FOR THREE MONTHS ENDED
                                                                                       DECEMBER 31,
                                                                           ------------------------------
                                                                               2000               1999
                                                                           -----------         -----------
<S>                                                                        <C>                 <C>
Operating Activities
--------------------
   Net Income                                                              $    69,292         $   287,807
  Adjustments to Reconcile Net Income to Net
  Cash Provided by Operating Activities
  -------------------------------------
    Accretion of discount on investments                                          (189)             (1,032)
    Loan fees and costs deferred, net                                          (59,355)            (23,053)
    Amortization of deferred loan fees, net                                         --             (15,008)
    Provision for losses on loans                                               25,569              51,400
    Non-cash compensation under Stock-Based Benefit Plan                        28,574              34,462
    Amortization of premium on mortgage backed securities                       47,870                  62
    Gain from real estate development and joint venture                             --                (297)
    Provision for depreciation                                                 176,990             140,640
    Decrease in accrued interest receivable on loans                            28,507             237,408
    Increase in accrued interest receivable on investments                     (50,840)            (12,431)
    Decrease/(Increase) in accrued interest receivable on mortgage
         backed securities                                                         (29)              3,132
    Decrease/(Increase)  in prepaid income taxes                                (9,410)            163,031
    Increase in deferred income tax assets                                          --             (28,847)
    Increase in other assets                                                   (86,326)           (747,425)
    Increase in accrued interest payable on deposits                           (19,808)            (68,285)
    Increase/(Decrease) in income taxes payable                                 53,615             (46,987)
    Decrease in other liabilities and payables to
          disbursing agents                                                   (349,000)           (207,197)
                                                                           ------------        ------------
        Net cash provided by operating activities                             (144,540)           (232,620)

</TABLE>


                                       4
<PAGE>


                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND
                               -------------------

                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                -------------------------------------------------

<TABLE>
<CAPTION>
                                                                                 FOR THREE MONTHS ENDED
                                                                                       DECEMBER 31,
                                                                           ------------------------------
                                                                               2000               1999
                                                                           -----------         -----------
<S>                                                                        <C>                 <C>
Cash Flows from Investing Activities
------------------------------------
    Proceeds from maturing interest bearing deposits                       $   2,471,000       $   3,205,000
    Purchase of interest bearing deposits                                       (792,000)         (1,178,000)
    Purchases of investment securities - held to maturity                     (4,700,000)                 --
    Proceeds from maturities of investment securities - held to maturity       2,450,000                  --
    Longer term loans originated                                              (5,796,446)         (9,398,768)
    Principal collected on longer term loans                                   5,437,320           2,899,634
    Net (increase) decrease in short-term loans                                 (590,707)           (339,188)
    Principal collected on mortgage backed securities                          3,107,366           1,537,176
    Purchase of mortgage backed securities                                    (2,495,239)           (999,073)
    Proceeds from sales of foreclosed realestate                                  50,000                  --
    Investment in premises and equipment                                        (239,138)           (412,475)
                                                                                ---------           ---------
        Net cash provided (used) by investing activities                      (1,097,844)         (4,685,694)

Cash Flows from Financing Activities
------------------------------------
    Net increase in demand deposits, money market, passbook
      accounts and advances by borrowers for taxes and
      insurance                                                                  629,990           9,197,908
    Net increase (decrease) in certificates of deposit                        14,754,940          (2,454,704)
    Increase in Federal Home Loan Bank of Atlanta advances                     3,700,000             500,000
    Repayment of Federal Home Loan Bank of Atlanta advances                   (8,700,000)                 --
    Acquisition of stock for Rabbi Trust                                         (25,563)            (17,500)
    Acquisition of stock for Management Retention Plan                                --            (508,768)
    Treasury stock purchase                                                           --             (37,665)
    Increase in dividends payable                                                     --              (7,926)
    Dividends paid on stock                                                     (266,514)           (287,274)
                                                                           -------------       --------------
        Net cash provided by financing activities                             10,092,853           6,384,071
                                                                           -------------       -------------

Increase in cash and cash equivalents                                          8,850,469           1,465,757
Cash and cash equivalents at beginning of period                               7,961,710           7,188,173
                                                                           -------------       -------------
Cash and cash equivalents at end of period                                 $  16,812,179       $   8,653,930
                                                                           =============       =============
</TABLE>

                                       5
<PAGE>


                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND
                               -------------------

                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                -------------------------------------------------


<TABLE>
<CAPTION>
                                                                                 FOR THREE MONTHS ENDED
                                                                                       DECEMBER 31,
                                                                           ------------------------------
                                                                               2000               1999
                                                                           -----------         -----------
<S>                                                                        <C>                 <C>
The following is a summary of cash and cash equivalents:
    Cash                                                                   $   6,245,590       $   7,892,751
    Interest bearing deposits in other banks                                  10,941,870           6,068,956
    Federal funds sold                                                         2,265,719             554,223
                                                                           -------------       -------------
    Balance of cash items reflected on Statement of
      Financial Condition                                                     19,453,179          14,515,930

        Less - certificate of deposit with a maturity of
          more than three months                                               2,641,000           5,862,000
                                                                           -------------       -------------

Cash and cash equivalents reflected on the
    Statement of Cash Flows                                                $  16,812,179       $   8,653,930
                                                                           =============       =============

Supplemental Disclosures of Cash Flows Information:
    Cash paid during the period for:

    Interest                                                               $   3,387,524       $   2,716,923
                                                                           =============       =============

    Income taxes                                                           $         500       $      93,604
                                                                           =============       =============

Transfer from loans to real estate acquired through foreclosure            $          --       $          --
                                                                           =============       =============
</TABLE>


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


                                       6
<PAGE>
                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
             ------------------------------------------------------


Note 1 - Principals of Consolidation
         ---------------------------

         BCSB  Bankcorp,  Inc.  (the  "Company")  owns 100% of Baltimore  County
         Savings Bank,  F.S.B. and subsidiaries (the "Bank") and also invests in
         federal funds sold,  interest-bearing  deposits in other banks and U.S.
         Agency  bonds.   The  Bank  owns  100%  of  Baltimore   County  Service
         Corporation  and  Ebenezer  Road,  Inc. The  accompanying  consolidated
         financial  statements  include the accounts and  transactions  of these
         companies on a consolidated  basis since the date of  acquisition.  All
         intercompany  transactions  have been  eliminated  in the  consolidated
         financial  statements.  Ebenezer Road, Inc. sells  insurance  products.
         Baltimore  County  Service  Corporation  has invested in several  joint
         ventures  formed  for the  purpose of  developing  real  estate.  These
         investments  have been  accounted for on the equity method and separate
         summary  statements are not presented since the data contained  therein
         is not material in relation to the consolidated financial statements.

Note 2 - Basis for Financial Statement Presentation
         ------------------------------------------

         The accompanying  consolidated  financial statements have been prepared
         in accordance  with generally  accepted  accounting  principles and the
         instructions  to Form 10-QSB.  Accordingly,  they do not include all of
         the disclosures  required by generally accepted  accounting  principles
         for complete financial  statements.  In the opinion of management,  all
         adjustments  (none of which were other than normal recurring  accruals)
         necessary for a fair presentation of the financial position and results
         of  operations  for the  periods  presented  have  been  included.  The
         financial  statements  of the Company are  presented on a  consolidated
         basis with those of the Bank.  The results for the three  months  ended
         December  31,  2000 are not  necessarily  indicative  of the results of
         operations  that may be expected for the year ended September 30, 2001.
         The  consolidated  financial  statements  should be read in conjunction
         with the consolidated  financial statements and related notes which are
         incorporated by reference in the Company's Annual Report on Form 10-KSB
         for the year ended September 30, 2000.

Note 3 - Cash Flow Presentation
         ----------------------

         For purposes of the statements of cash flows, cash and cash equivalents
         include cash and amounts due from depository institutions,  investments
         in federal funds, and certificates of deposit with original  maturities
         of 90 days or less.

Note 4 - Earnings Per Share
         ------------------

         Basic per share  amounts are based on the  weighted  average  shares of
         common  stock  outstanding.  Diluted  earnings  per  share  assume  the
         conversion,   exercise  or  issuance  of  all  potential  common  stock
         instruments  such as  options,  warrants  and  convertible  securities,
         unless the effect is to reduce a loss or increase  earnings  per share.
         No  adjustments  were made to net income  (numerator)  for all  periods
         presented.  The basic and diluted weighted  average shares  outstanding
         for the three months ended December 31, 2000 and 1999 is as follows:


                                       7
<PAGE>


                      BCSB BANKCORP, INC. AND SUBSIDIARIES
                      ------------------------------------
                               BALTIMORE, MARYLAND


             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
             ------------------------------------------------------

Note 4 - Earnings Per Share (Continued)
         ------------------
<TABLE>
<CAPTION>
                                                                For the Three months Ended December 31, 2000
                                                              -----------------------------------------------
                                                                Income             Shares        Per Share
         Basic EPS                                            (Numerator)       (Denominator)     Amount
         ---------                                            -----------       -------------    ---------

         <S>                                                  <C>                <C>             <C>
         Income available to shareholders                     $    69,292        5,566,310       $     0.01

         Effect of dilutive shares                                     --          109,600               --
                                                              -----------       ----------       ----------

         Diluted EPS
         -----------

         Income available to common stockholders
             plus assumed conversions                         $    69,292        5,675,910       $     0.01
                                                              ===========       ==========       ==========

<CAPTION>

                                                               For the Three Months Ended December 31, 1999
                                                              ---------------------------------------------
                                                                Income            Shares        Per Share
         Basic EPS                                            (Numerator)       (Denominator)     Amount
         ---------                                            -----------       -------------    ---------

         <S>                                                  <C>                <C>             <C>
         Income available to shareholders                     $   287,807       $5,749,765       $       0.05

         Effect of dilutive shares                                     --           99,044                 --
                                                              -----------       ----------       ------------

         Diluted EPS
         -----------

         Income available to common stockholders
             plus assumed conversions                         $   287,807        5,848,809       $       0.05
                                                              ===========       ==========       ============
</TABLE>

Note 5 - Regulatory Capital
         ------------------

         The following table sets forth the Bank's capital  position at December
31, 2000.
<TABLE>
<CAPTION>
                                                                                                To Be Well
                                                                                             Capitalized Under
                                                                     For Capital              Prompt Corrective
                                             Actual              Adequacy Purposes          Action Provision
                                    ------------------------  ------------------------   -------------------------
                                    Actual           % of     Required          % of    Required          % of
                                    Amount           Assets   Amount            Assets  Amount            Assets
                                    ------           ------   ------            ------  ------            ------
                                                                    (unaudited)

<S>                              <C>                   <C>    <C>                 <C>    <C>              <C>
Tangible (1)                     $ 32,301,486          9.87%  $ 4,906,670         1.50%     N/A             N/A
Tier 1 capital (2)                 32,301,486         15.99          N/A           N/A   12,123,522         6.00%
Core (1)                           32,301,486          9.87    13,084,455         4.00   16,355,568         5.00
Risk-weighted (2)                  33,720,957         16.69    16,164,696         8.00   20,205,870        10.00
<FN>
------------
(1)      To adjusted total assets.
(2)      To risk-weighted assets.
</FN>
</TABLE>

                                       8
<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, 2000 AND SEPTEMBER 30, 2000

     During the three months  ended  December 31,  2000,  the  Company's  assets
increased by $9.8 million, or 3.0%, from $325.9 million at September 30, 2000 to
$335.7  million at December 31, 2000.  Loans  receivable,  net increased by $1.0
million, or 0.4%, from $241.5 million at September 30, 2000 to $242.5 million at
December  31,  2000.  The  Company's  mortgage-backed  securities  decreased  by
$660,000 , or 3.3%, from $19.8 million at September 30, 2000 to $19.1 million at
December 31, 2000.  The Company's  investment  portfolio  increased $2.2 million
from $41.2  million at September 30, 2000 to $43.4 million at December 31, 2000.
The Company's deposits increased by $15.5 million,  or 5.7%, from $268.9 million
at September  30, 2000 to $284.4  million at December 31, 2000.  The increase in
deposits was achieved through the opening of new offices,  increased advertising
and promotion  activities.  The growth in deposits  enable the Company to reduce
its reliance on Federal Home Loan Bank of Atlanta advances, which decreased $5.0
million or 52.6% from $9.5  million at  September  30,  2000 to $4.5  million at
December 31, 2000.


                                       9
<PAGE>

COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31, 2000 AND
1999

     Net Income.  Net income decreased by $218,500,  or 75.9%, from $288,000 for
the three  months ended  December  31,1999 to $69,000 for the three months ended
December 31,  2000.  The decrease in net income was  primarily  attributable  to
increased  interest expense due to the increase in savings  deposits.  Increased
non  interest  expenses  resulting  from the opening of new branch  offices also
affected net income.

     Net Interest  Income.  Net  interest  income was $2.4 million for the three
months ended  December  31, 2000,  compared to $2.5 million for the three months
ended  December  31, 1999,  representing  an decrease of $95,000,  or 3.8%.  The
decrease was primarily due to the higher yield paid on deposits of 4.76% for the
three months ended  December 31, 2000 compared to a 4.10% yield paid on deposits
for the three months ended  December 31, 1999,  and a decrease in interest  rate
spread from 3.06% for the three months ended  December 31, 1999 to 2.58% for the
three  months  ended  December  31,  2000.  An increase in the yield on interest
earning assets from 7.24% at December 31, 1999 to 7.37% at December 31, 2000 was
not  sufficient  to offset the  increased  cost of  deposits.  This  resulted in
decreased  interest  rate spread from 3.06% for the three months ended  December
31, 1999 to 2.58% for the three months ended December 31, 2000.

     Interest Income.  Interest income  increased by $604,000,  or 11.7% to $5.8
million  for the three  months  ended  December  31,  2000 from $5.2  million at
December 31, 1999.  Interest and fees on loans increased by $499,000,  or 12.1%,
from $4.1 million for the three  months ended  December 31, 1999 to $4.6 million
for the three months ended December 31,2000.  This increase was primarily due to
a $ 22  million  increase  in the  average  balance of loans  receivable  as the
Company  implemented its strategy of increasing loan originations.  The increase
in the average yield on loans receivable increased by 14 basis points which also
contributed  to the  increase  in interest  income.  Additionally  interest  and
dividends  on  investment  securities  increased  by  $121,000  or 21.2 %,  from
$570,000 for the three months ended  December 31, 1999 to $690,000 for the three
months  ended  December 31,  2000.  This  increase was due to an increase in the
investment  securities  portfolio.  These increases  offset a $ 43,000 or 11.1%,
decrease in interest on  mortgage-backed  securities from $377,000 for the three
months ended  December 31, 1999 to $ 335,000 for the three months ended December
31, 2000. This decrease in interest on mortgage-backed  securities was primarily
due  to  a $ 4  million  decrease  in  the  average  volume  of  mortgage-backed
securities,   as  the  Company  pursued  a  strategy  of  using   repayments  of
mortgage-backed  securities  to  fund  loan  originations.  Additionally,  other
interest  income  increased by $27,000,  or 25.0%,  from  $107,000 for the three
months ended  December 31, 1999 to $134,000 for the three months ended  December
31 2000.  This  increase  was due to an increase  in the average  yield on other
investments  of .3% from 6.0% at December  31, 1999 to 6.3% at December 31, 2000
and an increase in the average balance from $7.1 million at December 31, 1999 to
$8.4 million at December 31, 2000.

     Interest Expense.  Interest expense, which consists of interest on deposits
and interest on borrowed money  increased from $2.7 million for the three months
ended  December 31, 1999 to $3.4 million for the three months ended December 31,
2000 a change of $699,000 or 26.0%.  Interest on deposits increased $835,000 due
to an increase in the average  volume of deposits by $37.2  million  from $238.3
million  at  December  31,  1999  to  $275.5   million  at  December  31,  2000.
Additionally  the average  yield on deposits  increased  by 66 basis points from
4.10% at December 31, 1999 to 4.76% at December 31, 2000. Interest on short-term
borrowings  was  $101,000 for the three  months  ended  December 31, 2000.  This
decrease was  primarily  due to a decrease of $5.0 million in advances  form the
Federal Home Loan Bank of Atlanta  during the quarter  ended  December 31, 2000.
The cost of borrowings  increased  because short term  borrowings  were paid and
long term borrowings remained.  Generally,  short term borrowings do not include
prepayment penalties and long term borrowings do.



                                       10
<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 balance.
<TABLE>
<CAPTION>

                                                                 THREE MONTHS ENDED DECEMBER 31
                                               ---------------------------------------------------------------------------
                                                             2000                                      1999
                                               ---------------------------------       -----------------------------------
                                               AVERAGE                   AVERAGE       AVERAGE                     AVERAGE
                                               BALANCE      INTEREST      RATE         BALANCE       INTEREST       RATE
                                               -------      --------     -------       -------       --------      -------
                                                                           (DOLLARS IN THOUSANDS)
<S>                                            <C>          <C>              <C>       <C>           <C>              <C>
Interest-earning assets:
   Loans....................................   $ 241,976    $   4,617        7.63%     $  219,804    $  4,118         7.49%
   Mortgage-backed securities...............      19,004          335        7.05          23,429         377         6.44
   Dividends and investment securities......      43,976          690        6.28          35,233         570         6.47
   Other Investments........................       8,455          134        6.34           7,168         107         5.98
                                               ---------    ---------                  ----------    --------
       Total interest-earning assets........     313,411        5,776        7.37         285,634       5,172         7.24
Noninterest-earning assets..................      14,231                                   18,210
                                               ---------                               ----------
       Total assets.........................   $ 327,642                               $  303,844
                                               =========                               ==========

Interest-bearing liabilities:
   Deposits.................................   $ 275,537        3,277        4.76         238,345       2,442         4.10
   Borrowings-short term....................       5,100          100        7.84          16,000         236         5.90
   Other liabilities........................       1,412            1        0.28           1,639           1         0.32
                                               ---------    ---------                  ----------    --------
Total interest-bearing liabilities..........     282,049        3,378        4.79         255,984       2,679         4.19
                                                            ---------    --------                    --------       ------
Noninterest-bearing liabilities.............       2,300                                    2,739
                                               ---------                               ----------
       Total liabilities....................     284,349                                  258,722
Stockholders' equity .......................      43,293                                   45,122
                                               ---------                               ----------
       Total liabilities and stockholders'
            equity..........................   $ 327,642                               $  303,844
                                               =========                               ==========

Net interest income.........................                $   2,398                                $  2,493
                                                            =========                                ========
Interest rate spread........................                                 2.58%                                    3.06%
                                                                          =======                                   ======
Net interest margin.........................                                 3.06%                                    3.49%
                                                                          =======                                   ======
Ratio average interest earning assets/
    interest bearing liabilities............                               111.12%                                  111.58%
                                                                           ======                                   ======
</TABLE>

                                       11
<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
$26,000 for the three months ended  December 31 2000, as compared to $51,000 for
the three months  ended  December 31 1999,  representing  a decrease of $25,000.
Loan  chargeoffs  for the three months  ended  December 31, 2000 were $66,000 as
compared  to  $38,000  for the  three  months  ended  December  31,  1999.  Loan
recoveries were $57,000 for the three months ended December 31, 2000 compared to
$37,000 for the three months ended December 31, 1999.  Non  performing  loans at
December  31, 2000 were  $389,000 as compared to $513,000 at December  31, 1999.
The total  loss  allowance  allocated  to  domestic  loans is $1.4  million.  In
establishing  such  provisions,  management  considered  an analysis of the risk
inherent in the loan portfolio.

     Other Income. Other income increased by $34,000, or 26.6% from $128,000 for
the three months ended  December 31, 1999 to $162,000 for the three months ended
December  31,  2000.  The  increase in other  income for the three  months ended
December 31 2000 was  attributable  primarily  to a $22,000  increase in fees on
transaction accounts. Additionally, rental income decreased by $4,000, or 13.8%,
from  $29,000 for the three  months  ended  December 31, 1999 to $25,000 for the
three months ended December 31, 2000.  Miscellaneous income increased $11,000 or
68.8% from $16,000 for the three months  ended  December  31,1999 to $27,000 for
the three months ended December 31, 2000.

     Non-interest  Expenses.  Total non-interest expenses increased by $319,000,
or 15.2%, from $2.1 million for the three months ended December 31, 1999 to $2.4
million  for  the  three  months  ended  December  31,  2000.  The  increase  in
non-interest  expenses  was  primarily  due to increases in salaries and related
expenses. Salaries and related expenses increased $294,000 from $1.0 million for
the three  months  ended  December  31,1999 to $1.4 million for the three months
ended December 31, 2000.  Occupancy expense increased by $42,000,  or 20.0%. The
Company increased its advertising  expense by $78,000, or 40.8%, in an effort to
increase market share and promote the new offices.

     Income Taxes. The Company's income tax expense was $45,000 and $181,000 for
the three months ended December 31, 2000 and 1999,  respectively.  The Company's
effective tax rates were 39.5% and 38.6% for the three months ended December 31,
2000 and 1999, respectively.

LIQUIDITY AND CAPITAL RESOURCES

     At December 31, 2000,  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 2000 and 1999,  the Company had $5.8
million and $9.4 million,  respectively, of loan originations.  During the three
months  ended  December  31,  2000 and 1999,  the Company  purchased  investment
securities  in the amounts of $2.5 million and $-0- million,  respectively,  and
mortgage-backed  securities  in the amounts of $2.5  million  and $1.0  million,
respectively.  The purchase of  interest-bearing  deposits  decreased  from $1.2
million for the three months  ended  December 31, 1999 to $792,000 for the three
months ended December 31, 2000. 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.

                                       12
<PAGE>

     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 required minimum ratio is
currently  4.0%.  The  Bank's  average  daily  liquidity  ratio for the month of
December was  approximately  23.21%,  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, 2000, cash, interest-bearing deposits in other banks and
federal  funds  sold  were  $6.2  million,   $10.9  million  and  $2.3  million,
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, 2000 totaled $103.4 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, 2000,
the Company had commitments  under standby letters of credit and lines of credit
and  commitments  to originate  mortgage  loans of $219,000,  $12.0  million and
$887,000, respectively.


                                       13
<PAGE>


PART II.  OTHER INFORMATION

         ITEM 1.  LEGAL PROCEEDINGS

         None.

         ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         None.

         ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.

         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

         (a)      List of Exhibits

                  None.

         (b)      Form 8-K

                  No  Reports on Form 8-K were filed  during the  quarter  ended
December 31, 2000.


                                       14
<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: February 9, 2000              /s/ Gary C. Loraditch
                                    ---------------------------------------
                                    Gary C. Loraditch
                                    President
                                    (Principal Executive Officer)



Date: February 9, 2000              /s/ Bonnie M. Klein
                                    ---------------------------------------
                                    Bonnie M. Klein
                                    Vice President and Treasurer
                                    (Principal Financial and Accounting Officer)


                                       15