<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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


                                  FORM 10-QSB




(Mark One)
|X|      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended December 31, 2000.


                                       OR

| |      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934


Commission File Number: 0-26570


                   Harrodsburg First Financial Bancorp, Inc.
         --------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

Delaware                                                        61-1284899
--------------                                              -------------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

104 South Chiles Street, Harrodsburg, Kentucky                  40330-1620
----------------------------------------------                -------------
(Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code: (859) 734-5452
                                                    --------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 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 ninety days. YesX No

As of February 8, 2001, 1,400,867 shares of the registrant's common stock were
issued and outstanding.

Page 1 of 15 Pages                                   Exhibit Index at Page N/A
                                                                          -----


<PAGE>



                                    CONTENTS

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


PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

<S>                                                                                                       <C>
         Consolidated Balance Sheets as of December 31, 2000 (unaudited) and
                 September 30, 2000.........................................................................3

         Consolidated Statements of Income for the Three-Month Periods Ended
                 December 31, 2000 and 1999 (unaudited).....................................................4

         Consolidated Statements of Changes in Stockholders' Equity for the
                 Three Month Periods Ended December 31, 2000 and 1999 (unaudited)...........................5

         Consolidated Statements of Cash Flows for the Three Month Periods Ended
                 December 31, 2000 and 1999 (unaudited).....................................................6

         Notes to Consolidated Financial Statements.........................................................8

Item 2.  Management's Discussion and Analysis of Financial Condition and
                          Results of Operations.............................................................8


PART II. OTHER INFORMATION

Item 1.  Legal Proceedings.................................................................................14
Item 2.  Changes in Securities.............................................................................14
Item 3.  Defaults Upon Senior Securities...................................................................14
Item 4.  Submission of Matters to a Vote of Security Holders...............................................14
Item 5.  Other Information.................................................................................14
Item 6.  Exhibits and Reports on Form 8-K..................................................................14

SIGNATURES

</TABLE>




                                        2


<PAGE>



            HARRODSBURG FIRST FINANCIAL BANCORP, INC. AND SUBSIDIARY
                          CONSOLIDATED BALANCE SHEETS
                               ------------------


<TABLE>
<CAPTION>

                                                                                 As of             As of
                                                                               December 31,    September 30,
                                                                                  2000             2000
                                                                              -------------    -------------
ASSETS                                                                         (unaudited)

<S>                                                                           <C>              <C>
Cash and due from banks                                                       $     570,607    $     564,340
Interest Bearing Deposits                                                         4,211,533        2,466,827
Available-for-sale securities                                                     5,309,436        4,167,377
Held-to-maturity securities                                                       6,855,539        6,826,520
Loans receivable, net                                                           101,900,249      100,881,267
Accrued interest receivable                                                         676,226          656,057
Property and equipment, net                                                       1,710,557        1,735,162
Other assets                                                                         86,482           95,092
                                                                              -------------    -------------

    Total assets                                                              $ 121,320,629    $ 117,392,642
                                                                              =============    =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                      $  88,883,183    $  86,473,131
Advances from Federal Home Loan Bank                                              5,500,000        3,500,000
Advance payments by borrowers for taxes and insurance                                 1,514           87,979
Deferred federal income tax                                                       1,838,167        1,488,806
Dividends payable                                                                                    445,902
Other liabilities                                                                   334,691          155,973
                                                                              -------------    -------------
    Total liabilities                                                            96,557,555       92,151,791
                                                                              -------------    -------------

Stockholders' equity
  Common stock, $0.10 per value, 5,000,000 shares authorized; 1,387,997 and
      1,498,015 shares issued and outstanding at
      December 31, 2000 and September 30, 2000, respectively                        218,213          218,213
  Additional paid-in capital                                                     21,221,336       21,215,999
  Retained earnings, substantially restricted                                    11,218,613       11,038,055
  Accumulated other comprehensive income                                          3,454,410        2,700,651
  Treasury stock, 680,750 and 568,050 shares as of December 31,
         2000 and September 30, 2000, respectively                              (10,215,718)      (8,771,467)
  Unallocated employee stock ownership plan (ESOP) shares                        (1,133,780)      (1,160,600)
                                                                              -------------    -------------
    Total stockholders' equity                                                   24,763,074       25,240,851
                                                                              -------------    -------------

    Total liabilities and stockholders' equity                                $ 121,320,629    $ 117,392,642
                                                                              =============    =============
</TABLE>

          See accompanying notes to consolidated financial statements.


                                        3

<PAGE>



            HARRODSBURG FIRST FINANCIAL BANCORP, INC. AND SUBSIDIARY
                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
                               ------------------



                                                     For the Three-Month Periods
                                                          Ended December 31,
                                                     ---------------------------
                                                         2000            1999
                                                      ----------      ----------
Interest income:
   Interest on loans                                  $1,999,586      $1,726,259
   Interest and dividends on securities                  128,252         120,951
   Other interest income                                  39,065          73,733
                                                      ----------      ----------
       Total interest income                           2,166,903       1,920,943
                                                      ----------      ----------

Interest expense:
   Interest on deposits                                1,175,810         953,332
   Interest on other borrowings                          101,163
                                                      ----------      ----------
       Total interest expense                          1,276,973         953,332
                                                      ----------      ----------

Net interest income                                      889,930         967,611
Provision for loan losses                                 35,000
                                                      ----------      ----------
Net interest income after provision for loan losses      854,930         967,611
                                                      ----------      ----------

Non-interest income:
   Loan and other service fees, net                       28,894          22,251
   Other                                                   4,242           3,797
                                                      ----------      ----------
                                                          33,136          26,048
                                                      ----------      ----------
Non-interest expense:
   Compensation and benefits                             327,891         276,107
   Occupancy expenses, net                                58,755          38,361
   Federal and other insurance premiums                    4,433          12,462
   Data processing expenses                               49,794          36,280
   State franchise tax                                    31,277          35,254
   Other operating expenses                              142,343         124,821
                                                      ----------      ----------
                                                         614,493         523,285
                                                      ----------      ----------

Income before income tax expense                         273,573         470,374
Income tax expense                                        93,015         159,927
                                                      ----------      ----------
Net income                                            $  180,558      $  310,447
                                                      ==========      ==========
Earnings per common share                             $      .13      $      .20
                                                      ==========      ==========
Earnings per common share assuming dilution           $      .13      $      .20
                                                      ==========      ==========
Weighted average common shares outstanding             1,434,819       1,566,741
                                                      ==========      ==========
Weighted average common shares outstanding
   after dilutive effect                               1,434,819       1,566,741
                                                      ==========      ==========



          See accompanying notes to consolidated financial statements.


                                        4

<PAGE>


            HARRODSBURG FIRST FINANCIAL BANCORP, INC. AND SUBSIDIARY
           CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
          for the three month periods ended December 31, 2000 and 1999
                                  (unaudited)
                               ------------------


<TABLE>
<CAPTION>



                                                            Additional
                                               Common        Paid-in       Retained
                                               Stock         Capital       Earnings
                                            ------------  -------------   -----------

<S>                                         <C>           <C>             <C>
Balance, September 30, 1999                 $    218,213  $  21,194,168   $11,187,966

Comprehensive income:
   Net income                                                                 310,447
   Other comprehensive loss, net of tax
     unrealized gains on securities


Total comprehensive income

Dividend declared                                                            (393,438)

ESOP shares earned                                                8,099


Purchase of common stock, 18,700 shares

                                            ------------  -------------   -----------
Balance, December 31, 1999                  $    218,213  $  21,202,267   $11,104,975
                                            ============  =============   ===========

Balance, September 30, 2000                 $    218,213  $  21,215,999   $11,038,055

Comprehensive income:
   Net income                                                                 180,558
   Other comprehensive gain, net of tax
     unrealized gains on securities

Total comprehensive income
ESOP shares earned                                                5,337

Purchase of common stock, 112,700 shares
                                            ------------  -------------   -----------
Balance, December 31, 2000                  $    218,213  $  21,221,336   $11,218,613
                                            ============  =============   ===========

</TABLE>





<PAGE>


<TABLE>
<CAPTION>


                                             Accumulated
                                                Other                       Unearned            Total
                                            Comprehensive    Treasury         ESOP           Stockholders'
                                               Income          Stock         Shares             Equity
                                             ------------   ------------    ------------    -------------

<S>                                          <C>            <C>             <C>             <C>
Balance, September 30, 1999                  $  2,595,842   $ (7,698,625)   $ (1,277,330)   $  26,220,234
                                                                                            -------------

Comprehensive income:
   Net income                                                                                     310,447
   Other comprehensive loss, net of tax
     unrealized gains on securities              (251,211)                                       (251,211)
                                                                                            -------------


Total comprehensive income                                                                         59,236

Dividend declared                                                                                (393,438)

ESOP shares earned
                                                                                  28,520           36,619

Purchase of common stock, 18,700 shares                         (246,184)                        (246,184)

                                             ------------   ------------    ------------    -------------
Balance, December 31, 1999                   $  2,344,631   $ (7,944,809)   $ (1,248,810)   $  25,676,467
                                             ============   ============    ============    =============

Balance, September 30, 2000                  $  2,700,651   $ (8,771,467)   $ (1,160,600)   $  25,240,851
                                             ------------   ------------    ------------    -------------

Comprehensive income:
   Net income                                                                                     180,558
   Other comprehensive gain, net of tax
     unrealized gains on securities               753,759                                         753,759
                                                                                            -------------

Total comprehensive income                                                                        934,317
ESOP shares earned
                                                                                  26,820           32,157
Purchase of common stock, 112,700 shares                      (1,444,251)                      (1,444,251)
                                             ------------   ------------    ------------    -------------
Balance, December 31, 2000                   $  3,454,410   $(10,215,718)   $ (1,133,780)   $  24,763,074
                                             ============   ============    ============    =============

</TABLE>



          See accompanying notes to consolidated financial statements.




                                        5

<PAGE>


            HARRODSBURG FIRST FINANCIAL BANCORP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                               ------------------


<TABLE>
<CAPTION>

                                                          For the Three-Month Periods
                                                              Ended December 31,
                                                         -----------------------------
                                                            2000                1999
                                                         ----------         ----------

<S>                                                       <C>                <C>
Operating activities
Net income                                               $ 180,558          $ 310,447
Adjustments to reconcile net income to net
 cash provided by operating activities:
 Provision for loan losses                                  35,000
 ESOP benefit expense                                       32,157             36,619
 Provision for depreciation                                 29,071             19,272
 Amortization of loan fees                                 (11,932)           (16,928)
 Accretion/amortization of investment
  premium/discount                                             (32)               (32)
FHLB stock dividend                                        (29,900)           (26,000)
Change in:
  Interest receivable                                      (20,169)            29,478
  Interest payable                                          (1,781)             3,386
  Accrued liabilities                                      141,560            128,218
  Prepaid expense                                            8,610             36,509
                                                        ----------         ----------
  Net cash provided by operating activities                363,142            520,969
                                                        ----------         ----------

Investing activities
Net (increase) decrease in loans                        (1,042,050)        (3,289,588)
Maturity of securities held-to-maturity                                       500,000
Principal repayments - mortgage back securities                913              5,217
Purchase of fixed assets                                    (4,466)          (339,658)
                                                        ----------         ----------

  Net cash provided (used) by investing activities      (1,045,603)        (3,124,029)
                                                        ----------         ----------

</TABLE>


          See accompanying notes to consolidated financial statements.

                                        6

<PAGE>


            HARRODSBURG FIRST FINANCIAL BANCORP, INC. AND SUBSIDIARY
                CONSOLIDATED STATEMENTS OF CASH FLOWS, Continued
                                   (Unaudited)
                               ------------------

<TABLE>
<CAPTION>


                                                     For the Three-Month Periods
                                                          Ended December 31,
                                                        2000            1999
                                                     -----------    -----------
<S>                                                        <C>          <C>
Financing activities
Net increase (decrease) in demand deposits,
  NOW accounts and savings accounts                        8,088        667,973
Net increase (decrease) in certificates of deposit     2,401,964        660,767
Net increase (decrease) in custodial accounts            (86,465)       (52,170)
Purchase of treasury stock                            (1,444,251)      (246,184)
Proceeds from FHLB borrowings                          2,000,000
Payment of dividends                                    (445,902)      (862,139)
                                                     -----------    -----------

  Net cash provided (used) by financing activities     2,433,434        168,247
                                                     -----------    -----------

  Increase (decrease) in cash and cash equivalents     1,750,973     (2,434,813)

Cash and cash equivalents, beginning of period         3,031,167      8,350,313
                                                     -----------    -----------

Cash and cash equivalents, end of period             $ 4,782,140    $ 5,915,500
                                                     ===========    ===========


Supplemental Disclosures
  Cash payments for:
  Interest on deposits                               $ 1,278,754    $   949,946
                                                     ===========    ===========
  Income taxes                                       $    40,000    $   155,000
                                                     ===========    ===========


</TABLE>




          See accompanying notes to consolidated financial statements.

                                        7

<PAGE>



NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

  1.  Basis of Presentation

      Harrodsburg First Financial Bancorp (the "Company") was formed at the
      direction of First Federal Savings Bank of Harrodsburg (the "Bank") to
      become the holding company of the Bank upon the conversion of the Bank
      from mutual to stock form (the "Conversion"). The Company's sole business
      is to serve as a holding company for the Bank. Accordingly, the financial
      statements and discussions herein include both the Company and the Bank.
      The Company was incorporated at the direction of the Board of Directors of
      the Bank in June 1995. On September 29, 1995, the Bank converted from
      mutual to stock form as a wholly owned subsidiary of the Company. In
      conjunction with the Conversion, the Company issued 2,182,125 shares of
      its common stock to the public. Effective January 1, 2000, the Bank's name
      was changed to First Financial Bank.

      The accompanying unaudited consolidated financial statements have been
      prepared in accordance with generally accepted accounting principles
      ("GAAP") for interim financial information and with the instructions to
      Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not
      include all of the information and footnotes required by GAAP for complete
      financial statements. In the opinion of management, all adjustments
      (consisting of only normal recurring accruals) necessary for fair
      presentation have been included. The results of operations and other data
      for the three-month period ended December 31, 2000 are not necessarily
      indicative of results that may be expected for the entire fiscal year
      ending September 30, 2001.

 2.   Dividends

      The regular semi-annual cash dividend of $.30 per share was paid on
      October 13, 2000 to stockholders of record as of September 29, 2000. The
      total dividends paid by the Company for the three months ended December
      31, 2000 amounted to $445,902.

 3.   Treasury stock

      The Company repurchased a total of 112,700 shares at a total price of
      $1,444,251 during the three months ended December 31, 2000.


ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

Financial Condition

The Company's consolidated assets increased approximately $3.9 million, or 3.4%
to $121.3 million at December 31, 2000 compared to $117.4 million at September
30, 2000. The net increase of $3.9 million was due primarily to a $1.8 million
increase in cash and interest-bearing deposits, $1.1 million increase in
investment securities, and a $1.0 million increase in loans receivable.

The Company's investment portfolio increased approximately $1.1 million.
Securities classified as available-for-sale and recorded at market value per
SFAS No. 115 increased $1.1 million due solely to the increase in market value
of such securities.

Under SFAS No. 115, unrealized gains or losses on securities available-for-sale
are recorded net of deferred income tax as a separate component of retained
earnings. At December 31, 2000, the Company included net

                                        8

<PAGE>



unrealized gains of approximately $3,454,000 in retained earnings. At September
30, 2000, the Company included net unrealized gains of approximately $2,701,000
in retained earnings. Per SFAS No. 115, such gains or losses will not be
reflected as a charge or credit to earnings until the underlying gains or loss,
if any, is actually realized at the time of sale.

Loans receivable increased by $1.0 million, or 1.0% from 100.9 million at
September 30, 2000 to $101.9 at December 31, 2000 as management continued its
efforts to be competitive in meeting the loan demand in the Bank's market area.

Deposits increased $2.4 million, or 2.8% from $86.5 million at September 30,
2000 to $88.9 million at December 31, 2000. This increase reflects the Company's
competitively priced product line within the local market area.

Stockholders' equity decreased by $478,000 to $24.8 million for the quarter
ended December 31, 2000. The net decrease of $478,000 is due to a decrease of
$1.4 million from the purchase of the Company's stock, offset by an increase of
$754,000 in net unrealized appreciation on investments held-for-sale, an
increase from net income of $181,000, plus an increase of $32,000 related to the
release of ESOP shares from collateral during the quarter ended December 31,
2000.

Results of Operations for the Three Months Ended December 31, 2000 and 1999

Net Income

Net income decreased by $130,000, or 41.8%, for the three month period ended
December 31, 2000 as compared to the same period in 1999. The net decrease of
$130,000 was due to a $78,000 decrease in net interest income, a $35,000
increase in the provision for loan losses plus an increase of $91,000 in non-
interest expense, offset by a $7,000 increase in non-interest income plus a
$67,000 decrease in income tax expense for 2000 compared to 1999.

Net Interest

Net interest income for the three months ended December 31, 2000 was $890,000
compared to $968,000 for the same period in 1999. The decrease in net interest
income in 2000 of $78,000 was due to an increase in interest income of $246,000
offset by an increase in interest expense of $324,000.

Interest Income

Interest income was $2.2 million, or 7.42% of average interest-earning assets,
for the quarter ended December 31, 2000 as compared to $1.9 million, or 7.14% of
average interest-earning assets, for the quarter ended December 31, 1999.
Interest income increased $246,000 or 12.8% from 1999 to 2000. The change was
primarily due to a 28 basis point increase in the average rate earned on
interest-earning assets and an increase of $9.1 million in the average balance
of interest earning assets during the quarter ended December 31, 2000 compared
to the quarter ended December 31, 1999.

Interest Expense

Interest expense was $1.3 million, or 5.48% of average interest-bearing
deposits, for the quarter ended December 31, 2000 as compared to $953,000, or
4.62% of average interest-bearing deposits, for the corresponding period in
1999. Interest expense increased by $324,000 due primarily to a 86 basis point

                                        9

<PAGE>



increase in the average rate paid on average interest bearing liabilities during
the quarter ended December 31, 2000 compared to the quarter ended December 31,
1999 offset by an increase of $10.6 million in the average balance of
interest-bearing deposits in the quarter ended December 31, 2000 compared to the
same period in 1999.

Provision for Loan Losses

There was no provision for loan losses during the quarter ended December 31,
1999, as compared to $35,000 for the corresponding period in 2000. Management
considered many factors in determining the necessary levels of the allowance for
loan losses, including an analysis of specific loans in the portfolio, estimated
value of the underlying collateral, assessment of general trends in the real
estate market, delinquency trends, prospective economic and regulatory
conditions, inherent loss in the loan portfolio, and the relationship of the
allowance for loan losses to outstanding loans. At December 31, 2000 and 1999,
the allowance for loan losses represented .40% of total loans. The allowance for
loan losses was at a level consistent with management's analysis of the loan
portfolio.

Non Interest Income

Non-interest income amounted to $33,000 and $26,000 for the quarters ended
December 31, 2000 and 1999, respectively. The largest item in non interest
income is service fees on loan and deposit accounts, which amounted to $29,000
for 2000 and $22,000 for 1999.

Non Interest Expense

Non-interest expense increased approximately $91,000, or 17.4% to $614,000 for
the quarter ended December 31, 2000 compared to $523,000 for the comparable
period in 1999. Non-interest expense was 2.1% and 1.9% of average assets for the
quarters ended December 31, 2000 and 1999, respectively. The increase of $91,000
was due primarily to an increase of $52,000 in compensation and benefits, an
increase of $18,000 in other operating expenses, and a $20,000 increase in
occupancy expenses and a $13,000 increase in data processing expenses offset by
a net decrease of $12,000 in all other non interest expense classifications. The
increase of $52,000 in compensation and benefits is primarily due to the
addition of four additional employees hired for the new branch office in
Lawrenceburg, Kentucky, and normal salary increases. The increase of $20,000 in
occupancy expenses, $13,000 in data processing, and $18,000 in other operating
expenses was due to the opening of a new branch office effective February 14,
2000.

Income Taxes

The provision for income tax expense amounted to approximately $93,000 and
$160,000 for the quarters ended December 31, 2000 and 1999, respectively, which
as a percentage of income before income tax expenses amounted to 34.0% for 2000
and 1999.


                                       10

<PAGE>



Non-Performing Assets

The following table sets forth information with respect to the Bank's
non-performing assets at the dates indicated. No loans were recorded as
restructured loans within the meaning of SFAS No. 15 at the dates indicated.
<TABLE>
<CAPTION>

                                                                     December 31,    September 30,
                                                                         2000             2000
                                                                     ------------    -------------
                                                                       (amounts in thousands)
<S>                                                                  <C>              <C>
Loans accounted for on a non-accrual basis:(1)
   Real Estate:
       Residential ..............................................    $          -     $         -
                                                                     ------------      ----------
Total ...........................................................               -               -
                                                                     ------------      ----------
Accruing loans which are contractually past due 90 days or more:
    Real Estate:
       Residential ..............................................             280             446
       Other real estate loans ..................................             145              16
       Consumer .................................................              32              55
                                                                     ------------     -----------
Total ...........................................................             457             517
                                                                     ------------     -----------
Total of non-accrual and 90 day past due loans ..................    $        457     $       517
                                                                     ============     ===========
Percentage of net loans .........................................            .45%            .51%
                                                                     ============     ===========
Other non-performing assets(2) ..................................    $         -      $         -
                                                                     ============     ===========

</TABLE>

At December 31, 2000, the Bank did not have any loans in non-accrual status.
Accordingly, all income earned for the three months ended December 31, 2000 on
the loans in the table above, has been included in interest income.

At December 31, 2000, there were no loans identified by management, which were
not reflected in the preceding table, but as to which known information about
possible credit problems of borrowers caused management to have serious doubts
as to the ability of the borrowers to comply with present loan repayment terms.

--------
(1) Non-accrual status denotes any loan past due 90 days and whose loan balance,
    plus accrued interest exceeds 90% of the estimated loan collateral value.
    Payments received on a non-accrual loan are either applied to the
    outstanding principal balance or recorded as interest income, or both,
    depending on assessment of the collectibility of the loan.

(2) Other non-performing assets represent property acquired by the Bank through
    foreclosure or repossessions accounted for as a foreclosure in-substance.
    This property is carried at the fair market of the property value, net of
    selling expenses.

                                       11

<PAGE>


The Bank's actual capital and its statutory required capital levels based on the
consolidated financial statements accompanying these notes are as follows (in
thousands):
<TABLE>
<CAPTION>

                                                              December 31, 2000
                               --------------------------------------------------------------------------------
                                                                                            To be Well
                                                                                         Capitalized Under
                                                                 For Capital             Prompt Corrective
                                                              Adequacy Purposes          Action Provisions
                               ------------------------    ------------------------   -------------------------
                                       Actual                     Required                    Required
                               ------------------------    ------------------------   -------------------------
                                 Amount         %            Amount         %           Amount         %
                               ------------------------    ------------------------   -------------------------
<S>                            <C>            <C>          <C>            <C>         <C>         <C>
Core capital                   $20,039        17.3%        $4,644         4.0%        $ 6,966      6.0%
Tangible capital               $20,039        17.3%        $1,741         1.5%            N/A       N/A
Total Risk based capital       $20,445        19.0%        $8,629         8.0%        $10,787     10.0%
Leverage                       $20,039        17.3%           N/A          N/A        $ 5,804      5.0%

                                                             September 30, 2000
                               --------------------------------------------------------------------------------
                                                                                            To be Well
                                                                                         Capitalized Under
                                                                 For Capital             Prompt Corrective
                                                              Adequacy Purposes          Action Provisions
                               ------------------------    ------------------------   -------------------------
                                       Actual                     Required                    Required
                               ------------------------    ------------------------   -------------------------
                                 Amount         %            Amount         %           Amount         %
                               ------------------------    ------------------------   -------------------------
Core capital                   $19,824        17.5%        $4,532         4.0%        $ 6,798      6.0%
Tangible capital               $19,824        17.5%        $1,700         1.5%            N/A       N/A
Total Risk based capital       $20,196        19.0%        $8,528         8.0%        $10,659     10.0%
Leverage                       $19,824        17.5%           N/A          N/A        $ 5,665      5.0%

</TABLE>

The Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA")
required each federal banking agency to implement prompt corrective actions for
institutions that it regulates. In response to this requirement, OTS adopted
final rules based upon FDICIA's five capital tiers. The rules provide that a
savings bank is "well capitalized" if its total risk-based capital ratio is 10%
or greater, its Tier 1 risk-based capital ratio is 6% or greater, its leverage
is 5% or greater and the institution is not subject to a capital directive.
Under this regulation, the Bank was deemed to be "well capitalized" as of
December 31, 2000 and September 30, 2000. There are no conditions or events
since those notifications that management believes would change its
classifications.

Liquidity

The liquidity of the Company depends primarily on the dividends paid to it as
the sole shareholder of the Bank. At December 31, 2000, the Bank could pay
common stock dividends of approximately $10.3 million.

The Bank's primary sources of funds are deposits and proceeds from principal and
interest payments of loans. Additional sources of liquidity are advances from
the FHLB of Cincinnati and other borrowings. At December 31, 2000, the Bank had
advances from FHLB totaling $5.5 million. The Bank utilizes FHLB of Cincinnati
borrowings during periods when management of the Bank believes that such
borrowings provide a lower cost source of funds than deposit accounts and the
Bank desires liquidity in order to help expand its lending operations.


                                       12

<PAGE>



The Company's operating activities produced positive cash flows for the quarters
ended December 31, 2000 and 1999.

The Bank's most liquid assets are cash and cash-equivalents, which include
investments in highly liquid, short-term investments. At December 31, 2000 and
September 30, 2000, cash and cash equivalents totaled $4.8 million and $3.1
million, respectively.

At December 31, 2000, the Bank had $48.3 million in certificates of deposits due
within one year and $20.8 million due between one and three years. Management
believes, based on past experience, that the Bank will retain much of these
deposits or replace them with new deposits. At December 31, 2000, the Bank had
$785,000 in outstanding commitments to originate mortgages, excluding $1.5
million in approved but unused home equity lines of credit and $1.1 million in
approved but unused lines of credit and letters of credit. The Bank intends to
fund these commitments with short-term investments and proceeds from loan
repayments.

OTS regulations require that the Bank maintain specified levels of liquidity.
Liquidity is measured as a ratio of cash and certain investments to withdrawable
savings. The minimum level of liquidity required by regulation is presently
4.0%. During the first quarter of fiscal year 2001, the Bank satisfied all
regulatory liquidity requirements, and management believes that the liquidity
levels maintained are adequate to meet potential deposit outflows, loan demand,
and normal operations.

Impact of Inflation and Changing Prices

The consolidated financial statements and notes thereto presented herein have
been prepared in accordance with generally accepted accounting principles, which
require the measurement of financial position and operating results in terms of
historical dollars without considering the change in the relative purchasing
power of money over time and due to inflation. The impact of inflation is
reflected in the increased cost of the Company's operations. Unlike most
industrial companies, nearly all the assets and liabilities of the Company are
monetary in nature. As a result, interest rates have a greater impact on the
Company's performance than do the effects of general levels of inflation.
Interest rates do not necessarily move in the same direction or to the same
extent as the price of goods and services.

                                       13

<PAGE>



PART II.OTHER INFORMATION
<TABLE>
<CAPTION>

<S>             <C>                                                                                               <C>
Item 1.          Legal Proceedings................................................................................None

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

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

                 The following exhibits are filed herewith:

                 Exhibit 27....................................................................Financial Data Schedule
</TABLE>

                                       14

<PAGE>



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       Harrodsburg First Financial Bancorp, Inc.


Date:   February 12, 2001              /s/  Jack Hood
                                       ------------------------------------
                                       Jack Hood, President




Date:   February 12, 2001              /s/  Teresa W. Noel
                                       ------------------------------------
                                       Teresa W. Noel, Treasurer



                                       15