<PAGE>   1
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

               Quarterly report under Section 13 or 15(d) of the
                        Securities Exchange Act of 1934
               For the quarterly period ended November 30, 2000.

                              Commission File No.:



                            THE BANKER'S STORE, INC.
        (Exact Name of Small Business Issuer as Specified in Its Charter)


             New York                                   11-2196303
   State or Other Jurisdiction                        I.R.S. Employer
   of Incorporation or Organization                  Identification No.

               1535 Memphis Junction Road, Bowling Green, KY 42101
                    (Address of Principal Executive Offices)


                                 (270) 781-8453
                (Issuer's Telephone Number, Including Area Code:)


                      Maritime Transport & Technology, Inc.
--------------------------------------------------------------------------------
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report


         Check whether the issuer: (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities 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 April 12, 2001, there were issued and outstanding 14,947,215
shares of the Registrant's Common Stock, $.01 par value per share.
<PAGE>   2
                                     PART I

Item 1.   Financial Statements

         The condensed financial statements for the period ended November 30,
2000 included herein have been prepared by The Banker's Store, Inc. (the
"Company"), without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission (the "Commission"). In the opinion of
management, the statements include all adjustments necessary to present fairly
the financial position of the Company as of November 31, 2000, and the results
of operations and cash flows for the three and six month periods ended November
30, 1999 and 2000.

         The Company's results of operations during the six and three months of
the Company's fiscal year are not necessarily indicative of the results to be
expected for the full fiscal year.

         The financial statements included in this report should be read in
conjunction with the financial statements and notes thereto in the Company's
Annual Report on Form 10-K for the fiscal year ended May 31, 2000.




                                        2
<PAGE>   3
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)




                                    I N D E X

                                                                            PAGE


             CONDENSED CONSOLIDATED BALANCE SHEETS
               NOVEMBER 30, 2000 (UNAUDITED) AND MAY 31, 2000                  4

             CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
               SIX AND THREE MONTHS ENDED NOVEMBER 30, 2000 AND 1999
               (UNAUDITED)                                                     5

             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
               SIX MONTHS ENDED NOVEMBER 30, 2000 AND 1999 (UNAUDITED)         6

             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
             (UNAUDITED)                                                     7-9

ITEM 2.      MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
             OPERATION                                                     10-13

PART II.     OTHER INFORMATION                                             13-14

ITEM 6.      EXHIBITS AND REPORTS ON FORM 8-K                                 14

             SIGNATURES                                                       15






                                        3
<PAGE>   4
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                       NOVEMBER 30, 2000 AND MAY 31, 2000
<TABLE>
<CAPTION>

                                                                                                November            May
                      ASSETS                                                                    30, 2000         31, 2000
                      ------                                                                   ---------         ----------
                                                                                              (Unaudited)       (See Note 1)
<S>                                                                                           <C>               <C>
Current assets:
     Cash and cash equivalents                                                                $   245,875       $   161,385
     Accounts receivable, net                                                                     324,970           348,586
     Inventories                                                                                  652,187           576,633
     Prepaid expenses and other current assets                                                     23,999            27,701
                                                                                               ----------        ----------
              Total current assets                                                              1,247,031         1,114,305

Equipment and improvements, net                                                                   102,389           102,242
Other assets                                                                                        7,463             7,463
                                                                                               ----------        ----------

              Totals                                                                           $1,356,883        $1,224,010
                                                                                               ==========        ==========


           LIABILITIES AND STOCKHOLDERS' EQUITY
           ------------------------------------

Current liabilities:
         Current portion of long-term debt                                                    $    14,719       $    15,895
         Accounts payable and accrued expenses                                                    195,888           300,954
         Customer deposits payable                                                                304,380           133,697
         Advances from principal stockholder                                                      229,573           229,573
         Private placement funds in dispute                                                        42,000            42,000
                                                                                               ----------        ----------
                           Total current liabilities                                              786,560           722,119

Long-term debt, net of current portion                                                             11,218            17,272
                                                                                               ----------        ----------
                           Total liabilities                                                      797,778           739,391
                                                                                               ----------        ----------

Contingencies

Stockholders' equity:
         Common stock, $.01 par value; 40,000,000 shares
                  authorized; 14,947,215 shares outstanding                                       149,473           149,473
         Additional paid-in capital                                                               497,216           497,216
         Accumulated deficit                                                                      (87,584)         (162,070)
                                                                                               ----------        ----------
                           Total stockholders' equity                                             559,105           484,619
                                                                                               ----------        ----------

                           Totals                                                              $1,356,883        $1,224,010
                                                                                               ==========        ==========
</TABLE>

            See Notes to Condensed Consolidated Financial Statements.

                                        4
<PAGE>   5
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              SIX AND THREE MONTHS ENDED NOVEMBER 30, 2000 AND 1999
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                               Six Months Ended         Three Months Ended
                                                                                  November 30,              November 30,
                                                                           -----------------------     --------------------
                                                                               2000         1999         2000        1999
                                                                           -----------    --------     --------   ---------


<S>                                                                       <C>           <C>          <C>         <C>
Revenue                                                                    $1,320,139     $945,907     $595,615   $ 549,302

Cost of goods sold                                                          1,023,008      622,420      468,130     420,297
                                                                          -----------     --------     --------   ---------

Gross profit                                                                  297,131      323,487      127,485     129,005

Selling, general and administrative expenses                                  222,622      410,384      101,913     265,525
                                                                          -----------     --------     --------   ---------

Income (loss) from operations                                                  74,509      (86,897)      25,572    (136,520)
                                                                          -----------     --------     --------   ---------

Other income (expense):
    Interest income                                                             1,311        2,890          658       1,048
    Interest expense                                                           (1,334)      (1,202)        (608)       (499)
                                                                          -----------     --------     --------   ---------
       Totals                                                                     (23)       1,688           50         549
                                                                          -----------     --------     --------   ---------

Net income (loss)                                                         $    74,486    $ (85,209)   $  25,622   $(135,971)
                                                                          ===========    =========    =========   =========

Basic earnings (loss) per common share                                           $.01        $(.01)         $ -       $(.01)
                                                                                 ====        =====         ====       =====

Basic weighted average number of common shares outstanding                 14,947,215   14,884,713   14,947,215  14,934,607
                                                                           ==========   ==========   ==========  ==========

</TABLE>



            See Notes to Condensed Consolidated Financial Statements.






                                        5
<PAGE>   6
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                   SIX MONTHS ENDED NOVEMBER 30, 2000 AND 1999
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                        2000            1999
                                                                                     ---------       ---------
Operating activities:
<S>                                                                                  <C>             <C>
     Net income (loss)                                                               $  74,486       $ (85,209)
     Adjustments to reconcile net income (loss) to net cash
         provided by operating activities:
         Depreciation and amortization                                                   6,250           7,680
         Issuance of common stock for services                                                         128,100
         Provision for doubtful accounts                                                                71,960
         Changes in operating assets and liabilities:
              Accounts receivable                                                       23,616         155,029
              Inventories                                                              (75,554)       (183,329)
              Prepaid expenses and other current assets                                  3,702           8,925
              Accounts payable and accrued expenses                                   (105,066)         12,587
              Customer deposits payable                                                170,683         (31,968)
                                                                                     ---------        --------
                      Net cash provided by operating activities                         98,117          83,775
                                                                                     ---------        --------
Investing activities:
     Notes receivable - nonaffiliate, net                                                              (60,975)
     Purchase of equipment and improvements                                             (6,397)        (34,593)
                                                                                     ---------        --------
                      Net cash used in investing activities                             (6,397)        (95,568)
                                                                                     ---------        --------
Financing activities:
     Advances from principal stockholder                                                                55,046
     Private placement funds in dispute                                                                  3,600
     Repayments of long-term debt, net                                                  (7,230)         (4,549)
     Net proceeds from private placements                                                               50,308
                                                                                     ---------        --------
                      Net cash provided by (used in) financing activities               (7,230)        104,405
                                                                                     ---------        --------

Net increase (decrease) in cash and cash equivalents                                    84,490          92,612
Cash and cash equivalents, beginning of period                                         161,385         122,161
                                                                                     ---------       ---------


Cash and cash equivalents, end of period                                              $245,875       $ 214,773
                                                                                      ========       =========

Supplemental disclosure of cash flow information:
     Interest paid                                                                   $   1,334       $   1,202
                                                                                     =========       =========
Supplemental disclosure of noncash investing and financing activities:
   During the six months ended November 30, 1999, the Company financed
   its acquisition of equipment and improvements, in part with $8,124 of
   long-term debt.

</TABLE>

            See Notes to Condensed Consolidated Financial Statements.


                                        6
<PAGE>   7
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)



Note 1 - Basis of presentation:
               In the opinion of management, the accompanying unaudited
               condensed consolidated financial statements reflect all
               adjustments, consisting of normal recurring accruals, necessary
               to present fairly the financial position of The Banker's Store,
               Inc. (formerly Maritime Transport & Technology, Inc.) and
               Subsidiaries (the "Company") as of November 30, 2000, its results
               of operations for the six and three months ended November 30,
               2000 and 1999, and its cash flows for the six months ended
               November 30, 2000 and 1999. The Company changed its name
               effective July 13, 2000. Information included in the condensed
               consolidated balance sheet as of May 31, 2000 has been derived
               from the audited consolidated balance sheet included in the
               Company's Form 10-K for the year ended May 31, 1999 (the "10-K")
               previously filed with the Securities and Exchange Commission (the
               "SEC"). Pursuant to rules and regulations of the SEC, certain
               information and disclosures normally included in financial
               statements prepared in accordance with accounting principles
               generally accepted in the United States of America have been
               condensed or omitted from these consolidated financial statements
               unless significant changes have taken place since the end of the
               most recent fiscal year. Accordingly, these unaudited condensed
               consolidated financial statements should be read in conjunction
               with the consolidated financial statements, notes to consolidated
               financial statements and other information in the 10-K.


               The consolidated results of operations for the six and three
               months ended November 30, 2000 are not necessarily indicative of
               the results to be expected for the full year.



Note 2 - Net income (loss) per share:
               Statement of Financial Accounting Standards No. 128, "Earnings
               Per Share," requires dual presentation of basic and diluted
               earnings per share by entities with complex capital structures.
               Basic earnings per share includes no dilution and is computed by
               dividing net income (loss) by the total number of common shares
               outstanding for the period. Diluted earnings per share reflects
               the potential dilution of securities that could dilute the shares
               in computing the earnings of the Company such as common stock
               which may be issuable upon exercise of outstanding common stock
               options or the conversion of debt into common stock. As of
               November 30, 2000 and 1999 and for the periods then ended, there
               were no dilutive securities outstanding.






                                        7
<PAGE>   8
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 3 - Contingencies:
               Private placement - B.G. Banking:
                  Prior to The Banker's Store, Inc.'s reverse acquisition with
                  B.G. Banking and FBEE, B.G. Banking offered and received
                  subscriptions for 126,500 shares of its common stock at $1.00
                  per share. Subsequent to the date of the reverse merger, the
                  subscribers to shares of B.G. Banking's common stock were
                  offered and they received shares of common stock in The
                  Banker's Store, Inc. at a ratio of one (1) share of B.G.
                  Banking common stock to one and one- half(1.5) shares of The
                  Banker's Store, Inc.'s common stock. The Company issued
                  189,750 shares of its common stock in satisfaction of the
                  subscription agreements at a value of $.67 per share.

                  Two of the Company's directors, acting individually as
                  principals of Taurus Investments International, Inc. (a Nevada
                  corporation) ("Taurus") and as directors of B.G. Banking,
                  prior to its acquisition by The Banker's Store, Inc. and
                  subsequent to becoming directors of the Company, offered and
                  sold on behalf of B.G. Banking what Taurus has admitted to
                  being an aggregate of 304,500 shares of B.G. Banking's common
                  stock for an aggregate consideration of $304,500. Taurus has
                  remitted to the Company net proceeds of $109,674 and claims
                  the difference of $194,826 as payment for expenses and
                  commissions. In addition, Taurus has refused to disclose the
                  names and numbers of shares of common stock and refused to
                  remit to the Company the proceeds of the shares sold. As of
                  November 30, 2000, Taurus has failed to turn over the balance
                  of money, provide the names of the stock subscribers and the
                  number of shares of common stock purchased.

                  Based upon the accounting provided by Taurus to the Company,
                  the Company may be liable for the issuance of up to 329,500
                  shares of common stock if and when Taurus substantiates its
                  representation as to the number of shares of common stock sold
                  and the aggregate consideration. This number of shares
                  represents the number of shares admittedly sold by Taurus for
                  which the purchasers have as yet remained unidentified.

                  The Company may also be forced to defend itself against
                  actions to be brought by unknown subscribers to shares of
                  common stock of B.G. Banking whose purchase price has never
                  been disclosed or delivered to the Company. The Company is
                  aware of one alleged purchaser who claims to have delivered
                  funds to Taurus and whose funds were apparently not turned
                  over to the Company. In the opinion of management, the Company
                  has no liability to such purchasers and intends to vigorously
                  defend such actions, if and when brought.

                  The Company has received approximately $42,000 from Taurus
                  relating to the purchase of shares by an unknown investor in
                  June 1999. The Company is holding such funds in escrow pending
                  disposition.

                  As of November 30, 2000, the Company has reserved 329,500
                  shares of common stock pending possible issuance of shares in
                  satisfaction of outstanding subscription agreements.

                                        8
<PAGE>   9
                    THE BANKER'S STORE, INC. AND SUBSIDIARIES
                (Formerly Maritime Transport & Technology, Inc.)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 3 - Contingencies (concluded):
               Litigation:
                  On February 29, 2000, Alexander C. Brosda and Andrew Seim
                  filed an action in the United States District Court in Florida
                  against the Company. The action alleges that the Company
                  violated the Securities Exchange Act of 1934, as amended,
                  and various Florida statutes, by failing to effect the
                  exchange of 150,000 shares of B.G. Banking common stock held
                  by Brosda and Seim for 225,000 shares of the Company's common
                  stock. On June 5, 2000, the Company filed a motion to dismiss
                  the complaint for failure to state a claim, improper venue and
                  lack of jurisdiction, respectively. The court has not yet
                  rendered a decision on the motion. On January 23, 2001, the
                  court dismissed plaintiff's claims alleging violations of the
                  Securities Exchange Act of 1934, as amended. Plaintiffs did
                  not file an amended complaint, and the action has been
                  dismissed by the court without prejudice.


                  On March 7, 2000, the Company filed an action in the Supreme
                  Court of New York against Taurus, seeking an amount of not
                  less than $1,700,000 for breach of fiduciary duty, breach of
                  contract, conversion and unjust enrichment, and is seeking an
                  accounting of Taurus' books and records. The action arises out
                  of B.G. Banking's confidential private placement memorandum
                  dated January 31, 1998 for the sale of 3,000,000 shares of
                  common stock at $1.00 per share. Taurus filed a motion to
                  dismiss the action which the court denied on October 5, 2000.
                  On November 15, 2000, a motion filed by Taurus' counsel to be
                  relieved as counsel was granted. On December 14, 2000, the
                  court granted the Company oral motion for the entry of a
                  default judgment against Taurus. The Company is awaiting a
                  date for a hearing on plaintiff's damages. The Company intends
                  to continue to litigate this action.


               Concentration of credit risk:
                  Financial instruments which potentially subject the Company to
                  concentrations of credit risk consist principally of cash and
                  cash equivalents and accounts receivable. The Company places
                  its cash and cash equivalents with high credit quality
                  institutions to limit its credit exposure. Cash balances are
                  insured by the Federal Deposit Insurance Corporation up to
                  $100,000 per depositor. The Company's cash balances with
                  financial institutions, at times, may exceed Federal Deposit
                  Insurance Corporation insured limits. During 2000, the Company
                  had one customer which accounted for approximately 13% of
                  sales. The Company's receivables from the major customer were
                  approximately 30% of total accounts receivable. During 2001,
                  no such concentration existed.






                                       9
<PAGE>   10
Item 2.   Management's Discussion and Analysis or Plan of Operation

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                             OR PLAN OF OPERATION
          FOR THE SIX AND THREE MONTHS ENDED NOVEMBER 30, 2000 AND 1999

OTHER THAN HISTORICAL FINANCIAL INFORMATION, FORM 10-QSB MAY CONSIST OF
FORWARD-LOOKING STATEMENTS THAT INCLUDE RISKS AND UNCERTAINTIES, INCLUDING, BUT
NOT LIMITED TO, STATEMENTS CONTAINED IN "MANAGEMENT'S DISCUSSION AND ANALYSIS
OR PLAN OF OPERATION." SUCH STATEMENTS ARE BASED UPON MANY ASSUMPTIONS AND ARE
SUBJECT TO RISKS AND UNCERTAINTIES. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM
THE RESULTS DISCUSSED IN THE FORWARD-LOOKING STATEMENTS DUE TO A NUMBER OF
FACTORS, INCLUDING, BUT NOT LIMITED TO, THOSE IDENTIFIED IN THIS DOCUMENT AND
THE COMPANY'S OTHER FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. THE
COMPANY DISCLAIMS ANY INTENT OR OBLIGATION TO UPDATE THESE FORWARD-LOOKING
STATEMENTS.

OVERVIEW

         The Banker's Store, Inc. (the "Company") was established in 1968. The
Company remained dormant for many years until the Company completed the
acquisition of B.G. Banking Equipment, Inc. ("B.G. Banking") and Financial
Building Equipment Exchange, Inc. ("FBEE"), both affiliated Kentucky
corporations. The Company is now in the business of buying, selling, and trading
both new and refurbished financial equipment for banks and other financial
institutions. The Company markets its products throughout the United States
primarily through direct sales to financial institutions and other distributors
supported by the Company's direct sales force and soliciting new contacts
through its presence on the Internet.

         The Company anticipates that its results of operations may fluctuate
for the foreseeable future due to several factors, including whether and when
new products at competitive prices are obtained; the availability of quality
used banking and banking related equipment and furniture at favorable prices;
market acceptance of current or new products; delays; inefficiencies; shipment
problems; seasonal customer demand; the timing of significant orders;
competitive pressures on selling prices and changes in the mix of products sold.

         Operating results could also be adversely affected by a downturn in the
market for the Company's current and future products, order cancellations or
order rescheduling, or remanufacturing or delays. The Company purchases and
resells new merchandise and refurbishes existing inventory and ships its other
products shortly after receipt of orders and has not developed a significant
backlog for such products and does not anticipate it will develop a material
backlog for such products in the future.

         Because the Company is continuing to increase its operating expenses
primarily for personnel and activities supporting newly-introduced products, new
product development and entering new markets, the Company's operating results
would be adversely affected if its sales did not correspondingly increase or if
its product development efforts were unsuccessful or were subject to delays.

                                       10
<PAGE>   11
RESULTS OF OPERATIONS

The following table sets forth operating data as a percentage of net sales:
<TABLE>
<CAPTION>


                                     Six Months Ended                    Three Months Ended
                                         November 30,                        November 30,
                                 --------------------------             ----------------------
                                   2000                1999             2000              1999
                                   ----                ----             ----              ----
<S>                              <C>                 <C>               <C>               <C>
Revenues                         100.0%              100.0%            100.0%            100.0%
Cost of Goods Sold                77.5%               65.8%             78.6%             76.5%
                                ------               -----             -----             -----
Gross Profit                      22.5%               34.2%             21.4%             23.5%
Selling, General and
Administrative                    16.9%               43.4%             17.1%             48.4%
                                ------               -----             -----             -----
Income (loss) from
Operating                          5.6%              (9.2)%              4.3%            (24.9)%

Other Income                      ----                  .2%             ----                 .1%
                                ------               ------            -----              -----
Net Income (loss)                  5.6%              (9.0)%              4.3%            (24.8)%
                                ======              ======             =====              =====

</TABLE>

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED NOVEMBER 30, 2000 AS COMPARED TO
THE SIX MONTHS ENDED NOVEMBER 30, 1999

     Revenues were $1,320,139 for the six months ended November 30, 2000 as
compared to $945,907 for the six months ended November 30, 1999, an increase of
$374,232 or 40%. Cost of goods sold and related expenses for the six months
ended November 30, 2000 were $1,023,008 or 77.5% of net sales as compared to
$622,420 or 65.8% of net sales for the six months ended November 30, 1999. The
increase in sales is the direct result of increased market penetration and
having established an Internet presence allowing customers to have direct
on-line access to inventory availability, as well as access to pictures of the
products they are interested in purchasing. Cost of goods sold was higher than
the cost of goods sold for the previous years, mainly due to (i) the Company's
introduction of new products as opposed to primarily selling refurbished
products, which such products carry a higher cost of goods sold and (ii) the
number of jobs which require installation of equipment which also results in a
higher cost of goods sold. During the six months ended November 30, 2000, the
Company's percentage of sales consisted mostly of new products as opposed to
refurbished products, as was the case in the prior year. Although the unit
sales price of a new product is greater than a refurbished product, the gross
margin is significantly less because the product cost is significantly more
even with the cost to refurbish included. In addition, during the six months
ended November 30, 2000, more of the Company's sales required some kind of
installation, which, although profitable, results in reduced margins.

     Selling, general and administrative expenses were $222,622 for the six
months ended November 30, 2000 as compared to $410,384 for the six months ended
November 30, 1999, a decrease of $187,762 or 45.8%. The decrease in selling,
general and administrative expenses was primarily attributable to the Company
reserving for approximately $72,000 of bad debts and issuing approximately
$128,000 of common stock for services during the six months ended November 30,
1999.

                                       11


<PAGE>   12
     As a result of the above, the Company had net income of $74,486 or $.01
per share for the six months ended November 30, 2000, as compared to a net loss
of $85,209 or $.01 per share for the six months ended November 30, 1999.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED NOVEMBER 30, 2000 AS COMPARED
TO THE THREE MONTHS ENDED NOVEMBER 30, 1999

     Revenue was $595,615 for the three months ended November 30, 2000 as
compared to $549,302 for the three months ended November 30, 1999, an increase
of $46,313 or 8.4%. Cost of goods sold and related expenses for the three months
ended November 30, 2000 were $468,130 or 78.6% of net sales as compared to
$420,297 or 76.5% of net sales for the three months ended November 30, 1999. The
increase in sales is mainly attributable to the Company's continued marketing
efforts to sell both new and refurbished equipment. The Company's sales mix was
relatively similar between the quarter ending November 30, 2000 and 1999.
Therefore, its gross profit percentage was also similar.

     Selling, general and administrative expenses were $101,913 for the three
months ended November 30, 2000 as compared to $265,525 for the three months
ended November 30, 1999, a decrease of $163,612. The decrease in selling,
general and administrative expenses was primarily attributable to the Company
reserving for approximately $72,000 of bad debts and issuing approximately
$128,000 of common stock for services during the three months ended November 30,
1999.

     As a result of the above, the Company had net income of $25,622 or less
than $.01 per share for the three months ended November 30, 2000 as compared to
a net loss of $135,971 or $.01 per share for the three months ended November 30,
1999.

LIQUIDITY AND CAPITAL RESOURCES

     The Company has historically financed its operations through revenues from
operations, private placements of equity securities and debt financing.

     As of November 30, 2000, the Company had cash balances of $245,875 and
working capital of $460,471. The Company's cash balances increased by $84,490
during the six months ended November 30, 2000. The Company's operations
generated cash of $98,117 primarily from collecting accounts receivable on
billings of $23,616, an increase in customer deposits of $170,683, offset by an
increase in inventory of $75,554 and a reduction of accounts payable of
$105,066. Other significant business activities affecting cash included the
purchase of equipment and improvements of $6,397 and repayment of long-term
obligations of $7,230.

     The Company believes that its available cash and cash from operations will
be sufficient to satisfy its funding needs for at least the next 12 months.
Thereafter, if cash generated from operations is insufficient to satisfy the
Company's working capital and capital expenditure requirements, the Company may
be required to sell additional equity or debt securities or obtain additional
credit facilities. There can be no assurance that such additional capital, if
needed, will be available on satisfactory terms, if at all. Furthermore, any
additional equity financing may be dilutive to stockholders, and debt financing,
if available, may include restrictive covenants. The Company's future liquidity
and capital funding requirements will depend on numerous factors, including the
extent to which the Company's new products and products under consideration are
successfully developed, gain market acceptance and become and remain

                                       12
<PAGE>   13
competitive, the timing and results of regulatory actions in the banking
industry, the costs and timing of further expansion of sales, marketing and
manufacturing activities, and facilities expansion needs. The failure by the
Company to raise capital on acceptable terms when needed could have a material
adverse effect on the Company's business, financial condition and results of
operations.

                                     Part II

Item 1.   Legal Proceedings

     On February 29, 2000, Alexander C. Brosda and Andrew Seim filed an action
in the United States District Court in Florida against the Company. The action
alleges that the Company violated the Securities Exchange Act of 1934, as
amended, and various Florida statutes, by failing to effect the exchange of
150,000 shares of B.G. Banking common stock held by Brosda and Seim for 225,000
shares of the Company's common stock. On June 5, 2000, the Company filed a
motion to dismiss the complaint for failure to state a claim, improper venue
and lack of jurisdiction, respectively. The court has not yet rendered a
decision on the motion. On January 23, 2001, the court dismissed plaintiff's
claims alleging violations of the Securities Exchange Act of 1934, as amended.
Plaintiffs did not file an amended complaint, and the action has been dismissed
by the court without prejudice.

     On March 7, 2000, the Company filed an action in the Supreme Court of New
York against Taurus, seeking an amount of not less than $1,700,000 for breach of
fiduciary duty, breach of contract, conversion and unjust enrichment, and is
seeking an accounting of Taurus' books and records. The action arises out of
B.G. Banking's confidential private placement memorandum dated January 31, 1998
for the sale of 3,000,000 shares of common stock at $1.00 per share. Taurus
filed a motion to dismiss the action which the court denied on October 5, 2000.
On November 15, 2000, a motion filed by Taurus' counsel to be relieved as
counsel was granted. On December 14, 2000, the court granted the Company oral
motion for the entry of a default judgment against Taurus. The Company is
awaiting a date for a hearing on plaintiff's damages. The Company intends to
continue to litigate this action.

Item 2.   Changes in Securities and Use of Proceeds

     During the period represented by this report on Form 10-QSB, the
instruments defining the rights of the holders of Registrant's registered
securities were not materially modified, and no securities were sold by the
Registrant during this period.

Item 3.   Defaults Upon Senior Securities

     During the period represented by this report on Form 10-QSB, there were no
material defaults in the payment of principal, interest or any other material
defaults not cured within 30 days, with respect to any indebtedness of the
Registrant exceeding 5% of its total assets. Additionally, there are no material
arrearages in the payment of dividends.

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

     During the period represented by this report on Form 10-QSB, no matters
were submitted to a vote of security holders.


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<PAGE>   14
Item 5.   Other information

     Registrant is not reporting any information under this Item in this report
     on Form 10-QSB.

Item 6.   Exhibits and Reports on Form 8-K

(a)      Exhibits

Exhibit Number    Description of Document
--------------    -----------------------

2.1(2)            Agreement of Business Combination By Stock Exchange, dated
                  April 15, 1998, by and between BG Banking Equipment and
                  Maritime Transport & Technology, Inc.

3.1(1)            Certificate of Incorporation of The Banker's Store, Inc., as
                  amended.

3.2(1)            Articles of Incorporation of Financial Building Equipment
                  Exchange, Inc.

3.3(1)            Articles of Incorporation of BG Banking Equipment, Inc., as
                  amended.

3.4(1)            Bylaws of The Banker's Store, Inc.

4.1(2)            Specimen Common Stock Certificate.

10.1(2)           Business Lease, dated August 1, 1998, by and between Paul D.
                  Clark and Maritime Transport and Technology, Inc. (DBA The
                  Bank Store and DBA BG Banking Equipment, Inc.)

10.2(2)           Employment Agreement, dated February 1, 1998, by and between
                  Maritime Transport & Technology, Inc. (DBA The Bank Store and
                  DBA BG Banking Equipment, Inc.) and Paul Clark

21.1(1)           Subsidiaries of the Company.


(1)               Incorporated herein by reference from the Company's Form 10-K
                  filed for the year ending May 31, 1998.

(2)               Incorporated herein by reference from the Company's Form 10-K
                  filed for the year ending May 31, 2000.


(b) Reports on Form 8-K


     During the period represented by this report on Form 10-QSB, there were no
reports on Form 8-K filed with the United States Securities and Exchange
Commission.

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<PAGE>   15
                                   SIGNATURES

     In accordance with the requirements of the Securities Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

The Banker's Store, Inc.
     (Registrant)

Dated: April 23, 2001


By: /s/ Paul D. Clark
  ----------------------------
   Paul D. Clark
   President, CEO and Director



   /s/ Albert Blankenship
------------------------------------
Albert Blankenship
Chief Financial Officer and Director

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