<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 February 28, 2001.

                              Commission File No.:



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

<TABLE>
<S>                                                     <C>
                 New York                                  11-2196303
        State or Other Jurisdiction                      I.R.S. Employer
      of Incorporation or Organization                  Identification No.
</TABLE>

               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 February 28,
2001 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 February 28, 2001, and the results
of operations and cash flows for the nine and three month periods ended February
29, 2000 and February 28, 2001.

         The Company's results of operations during the nine and three months of
the Company's fiscal year are not necessarily indicative of the results 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


<TABLE>
<CAPTION>
                                                                           PAGE
                                                                           ----
<S>                                                                       <C>
             CONDENSED CONSOLIDATED BALANCE SHEETS
               FEBRUARY 28, 2001 (UNAUDITED) AND MAY 31, 2000                  4

             CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
               NINE AND THREE MONTHS ENDED FEBRUARY 28, 2001 AND
               FEBRUARY 29, 2000 (UNAUDITED)                                   5

             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
               NINE MONTHS ENDED FEBRUARY 28, 2001 AND FEBRUARY
               29, 2000 (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

ITEM 6.      EXHIBITS AND REPORTS ON FORM 8-K                              14-15

             SIGNATURES                                                       16
</TABLE>

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

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                       FEBRUARY 28, 2001 AND MAY 31, 2000

<TABLE>
<CAPTION>
                                                                                          February                May
                                           ASSETS                                         28, 2001              31, 2000
                                           ------                                         --------              --------
                                                                                         (Unaudited)          (See Note 1)
<S>                                                                    <C>               <C>                  <C>
Current assets:
     Cash and cash equivalents                                                           $  200,545            $   161,385
     Accounts receivable, net                                                               382,381                348,586
     Inventories                                                                            691,075                576,633
     Prepaid expenses and other current assets                                               21,531                 27,701
                                                                                         ----------            -----------
              Total current assets                                                        1,295,532              1,114,305

Equipment and improvements, net                                                             103,698                102,242
Other assets                                                                                  7,107                  7,463
                                                                                         ----------            -----------

              Totals                                                                     $1,406,337            $ 1,224,010
                                                                                         ==========            ===========

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

Current liabilities:
         Current portion of long-term debt                                               $   13,562            $    15,895
         Accounts payable and accrued expenses                                              168,281                300,954
         Customer deposits                                                                  154,316                133,697
         Advances from principal stockholder                                                229,573                229,573
         Private placement funds in dispute                                                  42,000                 42,000
                                                                                         ----------            -----------
                           Total current liabilities                                        607,732                722,119

Long-term debt, net of current portion                                                       13,262                 17,272
                                                                                         ----------            -----------
                           Total liabilities                                                620,994                739,391
                                                                                         ----------            -----------

Contingencies

Stockholders' equity:
         Common stock, $.01 par value; 40,000,000 shares
                  authorized; 14,947,215 shares outstanding                                 149,472                149,472
         Additional paid-in capital                                                         497,217                497,217
         Retained earnings (accumulated deficit)                                            138,654               (162,070)
                                                                                         ----------            -----------
                           Total stockholders' equity                                       785,343                484,619
                                                                                         ----------            -----------

                           Totals                                                        $1,406,337            $ 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
       NINE AND THREE MONTHS ENDED FEBRUARY 28, 2001 AND FEBRUARY 29, 2000
                                   (Unaudited)


<TABLE>
                                                                       Nine Months Ended                   Three Months Ended
                                                                           February                             February
                                                                           --------                             --------
                                                                   2001               2000               2001               2000
                                                                   ----               ----               ----               ----
<S>                                                           <C>                <C>                <C>                <C>
Revenue                                                       $  2,005,891       $  1,452,919       $    685,752       $    507,012

Cost of goods sold                                               1,291,400          1,102,829            268,392            427,696
                                                              ------------       ------------       ------------       ------------

Gross profit                                                       714,491            350,090            417,360             79,316

Selling, general and administrative expenses                       413,739            548,047            191,117            137,663
                                                              ------------       ------------       ------------       ------------

Income (loss) from operations                                      300,752           (197,957)           226,243            (58,347)
                                                              ------------       ------------       ------------       ------------

Other income (expense):
    Interest income                                                  2,018              4,485                707              1,595
    Interest expense                                                (2,046)            (1,646)              (712)              (444)
                                                              ------------       ------------       ------------       ------------
       Totals                                                          (28)             2,839                 (5)             1,151
                                                                                 ------------       ------------       ------------

Net income (loss)                                             $    300,724       $   (195,118)      $    226,238       $    (57,196)
                                                              ============       ============       ============       ============

Basic earnings (loss) per common share                        $        .02       $       (.01)      $        .02       $         --
                                                              ============       ============       ============       ============


Basic weighted average number of common shares outstanding      14,947,215         14,904,893         14,947,215         14,945,253
                                                              ============       ============       ============       ============
</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
            NINE MONTHS ENDED FEBRUARY 28, 2001 AND FEBRUARY 29, 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                        2001                  2000
                                                                                        ----                  ----
<S>                                                                                  <C>                   <C>
Operating activities:
     Net income (loss)                                                               $ 300,724             $(195,118)
     Adjustments to reconcile net income (loss) to net cash
         provided by operating activities:
         Depreciation and amortization                                                  17,659                11,520
         Issuance of common stock for services                                                               135,300
         Provision for doubtful accounts                                                    41                72,130
         Changes in operating assets and liabilities:
              Accounts receivable                                                      (33,836)               26,535
              Inventories                                                             (114,442)              (75,392)
              Prepaid expenses and other current assets                                  6,526                  (400)
              Accounts payable and accrued expenses                                   (132,673)               28,499
              Customer deposits                                                         20,619                98,150
                                                                                     ---------             ---------
                      Net cash provided by operating activities                         64,618               101,224
                                                                                     ---------             ---------
Investing activities:
     Notes receivable - nonaffiliate                                                                         (53,863)
     Purchase of equipment and improvements                                            (19,115)              (43,080)
                                                                                     ---------             ---------
                      Net cash used in investing activities                            (19,115)              (96,943)
                                                                                     ---------             ---------
Financing activities:
     Advances from principal stockholder                                                                      55,046
     Private placement funds in dispute                                                                        3,600
     Repayments of long-term debt                                                       (6,343)               (7,065)
     Net proceeds from private placements                                                                     50,308
                                                                                     ---------             ---------
                      Net cash provided by (used in) financing activities               (6,343)              101,889
                                                                                     ---------             ---------

Net increase in cash and cash equivalents                                               39,160               106,170
Cash and cash equivalents, beginning of period                                         161,385               122,161
                                                                                     ---------             ---------

Cash and cash equivalents, end of period                                             $ 200,545             $ 228,331
                                                                                     =========             =========
Supplemental disclosure of cash flow information:
     Interest paid                                                                   $   2,046             $   1,646
                                                                                     =========             =========
Supplemental disclosure of noncash investing and financing activities:
     Equipment and improvements financed, in part, with debt                                               $   8,124
                                                                                                           =========

</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 February 28, 2001, its results
               of operations for the nine and three months ended February 28,
               2001 and February 29, 2000 and its cash flows for the nine months
               ended February 28, 2001 and February 29, 2000. The Company
               changed its name effective July 31, 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, 2000 (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 nine and three
               months ended February 28, 2001 are not necessarily indicative of
               the results 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 excludes dilution and is computed by
               dividing net income (loss) by the weighted-average number of
               common shares outstanding for the period. Diluted earnings per
               share reflects the potential dilution of securities that could
               increase the number of 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 February 28, 2001 and February 29, 2000
               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 acquisition,
                  the subscribers to shares of B.G. Banking's common stock were
                  offered and 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
                  February 28, 2001, Taurus has failed to turn over the balance
                  of the proceeds and 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 not yet been identified.

                  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 February 28, 2001, 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. On January 23, 2001, the
                  court dismissed plaintiffs' claims alleging violations of the
                  Securities Exchange Act of 1934. 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.


                                        9
<PAGE>   10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
         for the three and nine months ended February 28, 2000 and 2001
                ------------------------------------------------

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


                                       10
<PAGE>   11
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.

RESULTS OF OPERATIONS

The following table sets forth operating data as a percentage of net sales:


<TABLE>
<CAPTION>
                                   Nine Months                   Three Months
                                 Ended February                 Ended February

                              2001           2000            2001           2000
                              ----           ----            ----           ----
<S>                         <C>            <C>             <C>            <C>
Revenues                     100.0%         100.0%          100.0%         100.0%
Cost of Goods Sold            64.4%          75.9%           39.1%          84.4%
                            ------         ------          ------         ------
Gross Profit                  35.6%          24.1%           60.9%          15.6%
Selling, General and
Administrative                20.6%          37.7%           27.9%          27.1%
                            ------         ------          ------         ------
Income (loss) from
Operations                    15.0%         (13.6)%          33.0%         (11.5)%
Other Income
(Expense)                       --             .2%             --             .2%
                            ------         ------          ------         ------
Net Income (loss)             15.0%         (13.4)%          33.0%         (11.3)%
                            ======         ======          ======         ======
</TABLE>

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED FEBRUARY 28, 2001 AS COMPARED TO
THE NINE MONTHS ENDED FEBRUARY 29, 2000

         Revenues were $2,005,891 for the nine months ended February 28, 2001 as
compared to $1,452,919 for the nine months ended February 29, 2000, an increase
of $552,972 or 38.1%. Cost of goods sold and related expenses for the nine
months ended February 28, 2001 were $1,291,400 or 64.4% of net sales as compared
to $1,102,829 or 75.9% of net sales for the nine months ended February 29, 2000.
The increase in sales is the direct result of getting the Company's website up
allowing customers to see the items that are available for sale. Gross profits
dramatically increased based upon the ratio of old or refurbished products sold
compared to new products sold (sale of refurbished or used items carries a much
higher gross profit than the sale of new items). During the recently completed
quarter, the Company sold a large number of old products that had a low cost
basis at high margins, thereby dramatically increasing the Company's overall
gross profit percentage.

         Selling, general and administrative expenses were $413,739 for the nine
months ended February 28, 2001 as compared to $548,047 for the nine months ended
February 29, 2000, a


                                       11
<PAGE>   12
decrease of $134,308 or 24.5%. The decrease was mainly attributable to the
Company providing for approximately $72,000 of bad debts and issuing
approximately $135,000 of common stock for services during the nine months ended
February 29, 2000, offset by an increase in commissions.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2001 AS COMPARED
TO THE THREE MONTHS ENDED FEBRUARY 29, 2000

         Revenue was $685,752 for the three months ended February 28, 2000 as
compared to $507,012 for the three months ended February 29, 2000, an increase
of $178,740 or 35.3%. Cost of goods sold and related expenses for the three
months ended February 28, 2001 were $268,392 or 39.1% of net sales as compared
to $427,696 or 84.4% of net sales for the three months ended February 29, 2000.
Gross profit was dramatically increased based upon the ratio of old products
sold compared to new products sold (the sale of refurbished or used items
carries a much higher gross profit than the sale of new items). During the three
months ended February 28, 2001, the Company sold a large number of old products
having a low cost basis at high margins, thereby dramatically increasing the
Company's overall gross profit percentage.

         Selling, general and administrative expenses were $191,117 for the
three months ending February 28, 2001 as compared to $137,663 for the three
months ending February 29, 2000, an increase of $53,454. The increase is due to
additional sales commissions resulting from the increase in sales volume during
the quarter. As a percentage of sales, selling, general and administrative
expenses approximated 28% and 23% for the quarters ended February 28, 2001 and
February 29, 2000, respectively.

LIQUIDITY AND CAPITAL RESOURCES

         The Company has historically financed its operations through revenues
from operations, private placements of equity securities, debt and capital lease
financing and interest income earned on the net proceeds from the private
placements.

         The Company had a cash balance of $200,545 and working capital of
$687,800 as of February 28, 2001. The Company's cash increased by $39,160 for
the nine months ended February 28, 2001. Cash flow from operations was $64,618,
primarily from net income of $330,324, which was used to increase inventory by
$114,442 and pay down accounts payable by $132,673. Another significant business
activity which affected cash was the Company's purchase of equipment and
improvements in the amount of $19,115 and the repayment of long-term debt of
$6,343.

         The Company is evaluating various alternatives in addressing its future
facilities expansion needs. The alternatives being evaluated include the leasing
of additional facility space or the purchase of additional property to build a
new and/or additional office and warehousing facility. Relocation to a new
facility or leasing of additional space would be expected to result in an
increase in rent upon occupancy.

         The Company believes that its available cash and cash from operations
will be


                                       12
<PAGE>   13
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
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. On January 23, 2001, the court dismissed
plaintiffs' 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.


                                       13
<PAGE>   14
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.

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.

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

<TABLE>
<CAPTION>
Exhibit Number     Description of Document
--------------     -----------------------
<S>                <C>
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.
</TABLE>


                                       14
<PAGE>   15
(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

       No Form 8-K's were filed during the period represented by this report on
Form 10-QSB.


                                       15
<PAGE>   16
                                   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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