================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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



(Mark One)

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

         For the quarterly period ended March 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. Yes X No
                                          ---   ---


As of May 10, 2000, 1,625,875 shares of the registrant's common stock were
issued and outstanding.

Page 1 of 17 Pages                                     Exhibit Index at Page N/A
                                                                            ----

================================================================================
<PAGE>



                                 C O N T E N T S

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


PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

         Consolidated Balance Sheets as of March 31, 2000 (unaudited) and
             September 30, 1999................................................3

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

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

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

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

Item 2.  Management's Discussion and Analysis of Financial Condition and
             Results of Operations.............................................9


PART II. OTHER INFORMATION

Item 1.  Legal Proceedings....................................................15
Item 2.  Changes in Securities................................................15
Item 3.  Defaults Upon Senior Securities......................................15
Item 4.  Submission of Matters to a Vote of Security Holders..................15
Item 5.  Other Information....................................................15
Item 6.  Exhibits and Reports on Form 8-K.....................................15

SIGNATURES

                                        2

<PAGE>

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

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

<TABLE>
<CAPTION>
                                                                                 As of                 As of
                                                                               March 31,           September 30,
                                                                                 2000                   1999
                                                                          ------------------    ------------------
                                                                              (unaudited)
<S>                                                                       <C>                   <C>
ASSETS

Cash and due from banks                                                   $          437,749    $          541,527
Interest Bearing Deposits                                                          4,626,612             7,808,786
Available-for-sale securities                                                      3,329,238             4,008,576
Held-to-maturity securities                                                        6,773,812             7,231,745
Loans receivable, net                                                             96,177,423            89,061,610
Accrued interest receivable                                                          604,914               618,854
Premises and equipment, net                                                        1,610,113             1,055,196
Other assets                                                                          72,021                89,837
                                                                          ------------------    ------------------

    Total assets                                                          $      113,631,882    $      110,416,131
                                                                          ==================    ==================

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                  $       86,713,560    $       82,018,317
Advance payments by borrowers for taxes and insurance                                 47,007                80,865
Deferred federal income tax                                                        1,164,900             1,395,875
Dividends payable                                                                    458,923               468,701
Other liabilities                                                                    251,474               232,139
                                                                          ------------------    ------------------
    Total liabilities                                                             88,635,864            84,195,897
                                                                          ------------------    ------------------

Stockholders' equity
    Common stock, $0.10 per value, 5,000,000 shares authorized;
        2,182,125 shares issued and outstanding                                      218,213               218,213
    Additional paid-in capital                                                    21,207,265            21,194,168
    Retained earnings, substantially restricted                                   10,942,680            11,187,966
    Accumulated other comprehensive income                                         2,147,479             2,595,842
    Treasury stock, 528,350 and 481,250 shares as of March 31,
         2000 and September 30, 1999, respectively                                (8,300,209)           (7,698,625)
    Unallocated employee stock ownership plan (ESOP) shares                       (1,219,410)           (1,277,330)
                                                                          ------------------    ------------------
         Total stockholders' equity                                               24,996,018            26,220,234
                                                                          ------------------    ------------------

         Total liabilities and stockholders' equity                       $      113,631,882    $      110,416,131
                                                                          ==================    ==================
</TABLE>

          See accompanying notes to consolidated financial statements.


                                        3

<PAGE>

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

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

<TABLE>
<CAPTION>
                                              For the Three-Month Periods          For the Six-Month Periods
                                                     Ended March 31                     Ended March 31,
                                            -------------------------------     ------------------------------
                                                 2000              1999             2000              1999
                                            --------------    -------------     -------------    -------------
<S>                                         <C>               <C>               <C>              <C>
Interest income:
   Interest on loans                        $    1,819,163    $   1,671,740     $   3,545,422    $   3,357,289
   Interest and dividends on securities            124,654          139,450           245,605          310,364
   Other interest income                            54,621          108,292           128,354          198,811
                                            --------------    -------------     -------------    -------------
      Total interest income                      1,998,438        1,919,482         3,919,381        3,866,464
                                            --------------    -------------     -------------    -------------

Interest expense:
   Interest on deposits                            991,959          939,414         1,945,291        1,907,977
                                            --------------    -------------     -------------    -------------

Net interest income                              1,006,479          980,068         1,974,090        1,958,487
Provision for loan losses                           15,000                             15,000           10,000
                                            --------------    -------------     -------------    -------------
Net interest income after provision
   for loan losses                                 991,479          980,068         1,959,090        1,948,487
                                            --------------    -------------     -------------    -------------

Non-interest income:
   Loan and other service fees, net                 20,485           24,876            42,736           47,291
   Other                                             4,211            3,381             8,008            6,747
                                            --------------    -------------     -------------    -------------
      Total non-interest income                     24,696           28,257            50,744           54,038
                                            --------------    -------------     -------------    -------------

Non-interest expense:
   Compensation and benefits                       307,112          238,256           583,219          465,646
   Occupancy expenses, net                          47,670           34,199            86,031           67,511
   Federal and other insurance premiums              4,408           12,289            16,870           23,960
   Data processing expenses                         45,154           32,116            81,434           62,805
   State franchise tax                              24,219           23,814            59,473           47,633
   Other operating expenses                        138,229          103,641           263,050          207,029
                                            --------------    -------------     -------------    -------------
      Total non-interest expense                   566,792          444,315         1,090,077          874,584
                                            --------------    -------------     -------------    -------------

Income before income tax expense                   449,383          564,010           919,757        1,127,941
Income tax expense                                 152,756          191,764           312,683          383,500
                                            --------------    -------------     -------------    -------------

Net income                                  $      296,627    $     372,246     $     607,074    $     744,441
                                            ==============    =============     =============    =============

Earnings per common share                   $         0.19    $        0.23     $        0.39    $        0.44
                                            ==============    =============     =============    =============

Earnings per common share
   assuming dilution                        $         0.19    $        0.23     $        0.39    $        0.44
                                            ==============    =============     =============    =============

Weighted average common shares
   outstanding                                   1,537,144        1,632,106         1,551,942        1,683,690
                                            ==============    =============     =============    =============

Weighted average common shares
   outstanding after dilutive effect             1,537,144        1,632,106         1,551,942        1,683,690
                                            ==============    =============     =============    =============
</TABLE>

          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 six month periods ended March 31, 2000 and 1999
                                   (unaudited)

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

<TABLE>
<CAPTION>
                                                                                                                  Accumulated
                                                                            Additional                               Other
                                                           Common            Paid-in            Retained         Comprehensive
                                                            Stock            Capital            Earnings            Income
                                                       --------------    ---------------    ----------------    ---------------

<S>                                                    <C>               <C>                <C>                 <C>
Balance, September 30, 1998                            $      218,213    $    21,154,129    $     11,003,179    $     2,475,007

Comprehensive income:
   Net income                                                                                        744,441
   Other comprehensive income, net of tax
     unrealized gains on securities                                                                                     391,125

Total comprehensive income
Dividend declared                                                                                   (854,675)
ESOP shares earned                                                                24,213
Purchase of common stock, 186,076 shares
                                                       --------------    ---------------    ----------------    ---------------
Balance, March 31, 1999                                $      218,213    $    21,178,342    $     10,892,945    $     2,866,132
                                                       ==============    ===============    ================    ===============


Balance, September 30, 1999                            $      218,213    $    21,194,168    $     11,187,966    $     2,595,842

Comprehensive income:
   Net income                                                                                        607,074
   Other comprehensive loss, net of tax
     unrealized loss on securities                                                                                     (448,363)

Total comprehensive income
Dividend declared                                                                                   (852,360)
ESOP shares earned                                                                13,097
Purchase of common stock, 47,100 shares
                                                       --------------    ---------------    ----------------    ---------------
Balance, March 31, 2000                                $      218,213    $    21,207,265    $     10,942,680    $     2,147,479
                                                       ==============    ===============    ================    ===============
<CAPTION>


                                                                                   Unearned                   Total
                                                         Treasury                    ESOP                 Stockholders'
                                                           Stock                    Shares                   Equity
                                                      ---------------          ----------------          ----------------

<S>                                                   <C>                      <C>                       <C>
Balance, September 30, 1998                           $    (4,477,515)         $     (1,391,400)         $     28,981,613
                                                                                                         ----------------
Comprehensive income:
   Net income                                                                                                     744,441
   Other comprehensive income, net of tax
     unrealized gains on securities                                                                               391,125
                                                                                                         ----------------
Total comprehensive income                                                                                      1,135,566
Dividend declared                                                                                                (854,675)
ESOP shares earned                                                                       57,040                    81,253
Purchase of common stock, 186,076 shares                   (2,748,002)                                         (2,748,002)
                                                      ---------------          ----------------          ----------------
Balance, March 31, 1999                               $    (7,225,517)         $     (1,334,360)        $     26,595,755
                                                      ===============          ================          ================
Balance, September 30, 1999                           $    (7,698,625)         $     (1,277,330)         $     26,220,234
                                                                                                         ----------------
Comprehensive income:
   Net income                                                                                                     607,074
   Other comprehensive loss, net of tax
     unrealized loss on securities                                                                               (448,363)
                                                                                                         ----------------
Total comprehensive income                                                                                        158,711
Dividend declared                                                                                                (852,360)
ESOP shares earned                                                                       57,920                    71,017
Purchase of common stock, 47,100 shares                      (601,584)                                           (601,584)
                                                      ---------------          ----------------          ----------------
Balance, March 31, 2000                               $    (8,300,209)         $     (1,219,410)         $     24,996,018
                                                      ===============          ================          ================
</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 Six-Month Periods
                                                                                   Ended March 31,
                                                                 --------------------------------------------------
                                                                      2000                                1999
                                                                 --------------                      --------------
<S>                                                              <C>                                 <C>
Operating activities

Net income                                                       $      607,074                      $     744,441
Adjustments to reconcile net income to net cash
    provided by operating activities:
    Provision for loan losses                                            15,000                             10,000
    ESOP benefit expense                                                 71,017                             81,253
    Provision for depreciation                                           44,443                             28,465
    Amortization of loan fees                                           (38,808)                           (38,627)
    Accretion/amortization of investment
      premium/discount                                                      (64)                            (2,212)
    FHLB stock dividend                                                 (52,100)                           (48,500)
    Change in:
      Interest receivable                                                13,940                             46,605
      Interest payable                                                    3,939                              1,539
      Accrued liabilities                                                15,396                            172,754
      Prepaid expense                                                    17,816                             25,185
                                                                 --------------                      -------------

    Net cash provided by operating activities                           697,653                          1,020,903
                                                                 --------------                      -------------

Investing activities

Net (increase) decrease in loans                                     (7,092,005)                          (983,078)
Maturity of securities held-to-maturity                                 500,000                          4,000,000
Principal repayments - mortgage back securities                          10,097                              8,856
Purchase of fixed assets                                               (599,361)                           (11,388)
                                                                 --------------                      -------------

    Net cash provided (used) by investing activities                 (7,181,269)                         3,014,390
                                                                 --------------                      -------------
</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 Six-Month Periods
                                                                                   Ended March 31,
                                                                 --------------------------------------------------
                                                                      2000                                 1999
                                                                 --------------                      --------------
<S>                                                              <C>                               <C>
Financing activities

Net increase (decrease) in demand deposits,
    NOW accounts and savings accounts                                     60,088                         1,660,721
Net increase (decrease) in certificates of deposit                     4,635,155                         1,405,184
Net increase (decrease) in custodial accounts                            (33,858)                          (30,444)
Purchase of treasury stock                                              (601,584)                       (2,748,002)
Payment of dividends                                                    (862,137)                         (889,604)
                                                                 ---------------                   ---------------

    Net cash provided (used) by financing activities                   3,197,664                          (602,145)
                                                                 ---------------                   ---------------

    Increase (decrease) in cash and cash equivalents                  (3,285,952)                        3,433,148

Cash and cash equivalents, beginning of period                         8,350,313                         8,074,105
                                                                 ---------------                   ---------------

Cash and cash equivalents, end of period                         $     5,064,361                   $    11,507,253
                                                                 ===============                   ===============


Supplemental Disclosures
    Cash payments for:
       Interest on deposits                                      $     1,941,352                     $   1,906,438
                                                                 ===============                     =============
       Income taxes                                              $       315,000                     $     225,000
                                                                 ===============                     =============
</TABLE>

          See accompanying notes to consolidated financial statements.

                                        7

<PAGE>

NOTES TO UNAUDITED CONDENSED 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"). Effective January 1, 2000,
      the Bank's name was changed to First Financial Bank. 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.

      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 and six month periods ended March 31, 2000 are not
      necessarily indicative of results that may be expected for the entire
      fiscal year ending September 30, 2000.

2.    Dividends

      On March 20, 2000, the Board of Directors of the Company authorized the
      payment of a cash dividend of $.30 per share to all shareholders of record
      on March 31, 2000 payable on April 14, 2000. The total dividends paid by
      the Company for the six months ended March 31, 2000 amounted to $862,137.

3.    Treasury stock

      The Company repurchased a total of 28,400 shares at a total price of
      $355,400 during the three months ended March 31, 2000. During the six
      months ended March 31, 2000, a total of 47,100 shares had been repurchased
      at a total price of $601,584.


                                        8

<PAGE>


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

Financial Condition

The Company's consolidated assets increased approximately $3.2 million, or 2.9%
to $113.6 million at March 31, 2000 compared to $110.4 million at September 30,
1999. The net increase of $3.2 million was due primarily to a $7.1 million
increase in net loans receivable and a $550,000 increase in net premises and
equipment, offset in part by a decrease of $1.1 million in investment securities
and a decrease of $3.3 million in cash and interest-bearing deposits.

The Company's investment portfolio decreased approximately $1.1 million.
Securities classified as available- for-sale and recorded at market value per
SFAS No. 115 decreased $680,000 due solely to the decrease in market value of
such securities. Securities held-to-maturity decreased $460,000 primarily due to
the call of one $500,000 FHLB bond.

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 March 31, 2000, the Company included net unrealized gains of
approximately $2,147,000 in retained earnings. At September 30, 1999, the
Company included net unrealized gains of approximately $2,596,000 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 $7.1 million, or 8.0%, from $89.1 million at
September 30, 1999 to $96.2 million at March 31, 2000 as management continued
its efforts to be competitive in meeting the loan demand in the Bank's market
area.

Deposits increased $4.7 million, or 5.7% from $82.0 million at September 30,
1999 to $86.7 million at March 31, 2000. This increase reflects the Company's
competitively priced product line within the local market area.

Stockholders' equity decreased by $1.2 million to $25.0 million for the
six-month period ended March 31, 2000. The net decrease of $1.2 million is due
to decreases of $602,000 from the purchase of the Company's stock, the
declaration of dividends totaling $852,000, and a decrease of $448,000 in net
unrealized appreciation on investments held-for-sale, offset by net income for
the six-month period of $607,000 plus an increase of $71,000 related to the
release of ESOP shares from collateral during the six month period ended March
31, 2000.

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

Net Income

Net income decreased by $76,000, or 20.3%, for the three month period ended
March 31, 2000 as compared to the same period in 1999. The net decrease of
$76,000 was due to an increase of $122,000 in non-interest expense, an increase
of $15,000 in the provision for loan losses, and a $4,000 decrease in
non-interest income offset by a $26,000 increase in net interest income and a
$39,000 decrease in income tax expense for 2000 compared to 1999.


                                        9

<PAGE>

Net Interest

Net interest income for the three months ended March 31, 2000 was $1.0 million
compared to $980,000 for the same period in 1999. The increase in net interest
income in 2000 of $26,000 was due to an increase in interest income of $79,000
offset by an increase in interest expense of $53,000.

Interest Income

Interest income was $2.0 million, or 7.3% of average interest-earning assets,
for the quarter ended March 31, 2000 as compared to $1.9 million, or 7.1% of
average interest-earning assets, for the quarter ended March 31, 1999. Interest
income increased $79,000 or 4.1% from 1999 to 2000. The change was due to an
increase of $560,000 in the average balance of interest-earning assets during
the quarter ended March 31, 2000 compared to the quarter ended March 31, 1999,
and a 25 basis point increase in the average rate earned on interest-earning
assets.

Interest Expense

Interest expense was $992,000, or 4.7% of average interest-bearing deposits, for
the quarter ended March 31, 2000 as compared to $939,000, or 4.6% of average
interest-bearing deposits, for the corresponding period in 1999. Interest
expense increased by $53,000 due primarily to an increase of $3.5 million in the
average balance of interest bearing liabilities during the quarter ended March
31, 2000 compared to the quarter ended March 31, 1999.

Provision for Loan Losses

There was a $15,000 provision for loan losses during the quarter ended March 31,
2000, as compared to no provision for the corresponding period in 1999.
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 March 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 $24,000 and $28,000 for the quarters ended March
31, 2000 and 1999, respectively. The largest item in non interest income is
service fees on loan and deposit accounts, which amounted to $20,000 and $25,000
for 2000 and 1999, respectively.

Non Interest Expense

Non-interest expense increased approximately $122,000, or 27.6% to $566,000 for
the quarter ended March 31, 2000 compared to $444,000 for the comparable period
in 1999. Non-interest expense was 2.0% and 1.6% of average assets for the
three-month period ended March 31, 2000 and 1999, respectively. The increase of
$122,000 was due primarily to increases of $69,000 in compensation and benefits,
$13,000 in occupancy expenses, $13,000 in data processing expenses, and $34,000
in other operating expenses offset by a decrease of $7,000 in federal and other
insurance premiums. The increase of $69,000 in compensation and benefits is
primarily due to the addition of a new Chief Executive Officer effective October
1, 1999, four additional

                                       10

<PAGE>

employees hired for the new branch office in Lawrenceburg, Kentucky, which
opened February 14, 2000, and normal salary increases. The increase of $13,000
in occupancy expenses and $13,000 in data processing and the increase of $34,000
in other operating expenses were all related to the operations of a new branch
office in the quarter ended March 31, 2000, which is located in Lawrenceburg,
Kentucky.

Income Taxes

The provision for income tax expense amounted to approximately $153,000 and
$192,000 for the quarters ended March 31, 2000 and 1999, respectively, which as
a percentage of income before income tax expenses amounted to 34.0% for both
periods.

Results of Operations for the Six Months Ended March 31, 2000 and 1999

Net Income

Net income decreased by $137,000 or 18.5% for the six month period ended March
31, 2000 as compared to the same period in 1999. The net decrease of $137,000
was due to an increase of $215,000 in non-interest expense, an increase of
$5,000 in the provision for loan losses, and a $3,000 decrease in non-interest
income offset by a $15,000 increase in net interest income, and a $71,000
decrease in income tax expense.

Interest Income

Interest income was $3.9 million, or 7.2% of average interest-earning assets for
the six month period ended March 31, 2000 compared to $3.9 million, or 7.1% of
average-earning assets for the six month period ended March 31, 1999. Interest
income increased by $52,000 or 1.4% from 1999 to 2000. The increase in interest
income was due to an increase of 8 basis points in the average rate earned plus
a $340,000 increase in the average balance of interest-earning assets during the
six month period ended March 31, 2000 compared to the six month period ended
March 31, 1999.

Interest Expense

Interest expense was 1.9 million, or 4.7% of average interest-bearing deposits,
for the six month period ended March 31, 2000 as compared to $1.9 million, or
4.8% of average interest-bearing deposits, for the corresponding period in 1999.
Interest expense increased by $37,000 or 2.0% from 1999 to 2000. The increase in
interest expense was due primarily to a $3.4 million increase in the average
balance of interest bearing liabilities for the period ended March 31, 2000
compared to the corresponding period in 1999, offset by a 10 basis point
decrease in the average rate paid on the deposits.

Provision for Loan Losses

The provision for loan losses during the six month period ended March 31, 2000
amounted to $15,000 as compared to $10,000 for the corresponding period in 1999.
Management considers many factors in determining the necessary level 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.


                                       11

<PAGE>

Non-Interest Income

Non-interest income amounted to $51,000 and $54,000 for the six month periods
ended March 31, 2000 and 1999, respectively. The largest item in non-interest
income is service fees on loan and deposit accounts, which amounted to $43,000
and $47,000 for the six month period ended March 31, 2000 and 1999,
respectively.

Non-Interest Expense

Non-interest expense increased $215,000 or 24.6% to $1.1 million for the six
month period ended March 31, 2000 compared to $875,000 for the comparable period
in 1999. Non-interest expense was 1.9% and 1.6% of average assets for the
six-month periods ended March 31, 2000 and 1999, respectively. The increase of
$215,000 was due primarily to an increase of $117,000 in compensation and
benefits, $19,000 in occupancy expenses, $19,000 in data processing expenses,
$56,000 in other operating expenses, and $11,000 in state franchise tax offset
by a $7,000 decrease in federal and other insurance premiums. The increase of
$117,000 in compensation and benefits is primarily due to the addition of a new
Chief Executive Officer effective October 1, 1999, four additional employees
hired for the new branch office in Lawrenceburg, Kentucky and normal salary
increases. The increase of $19,000 in occupancy expenses, $19,000 in data
processing expenses, and $56,000 in other operating expenses was due to the
operations of the new branch office, which began operations effective February
14, 2000.

Income Taxes

The provision for income tax expense amounted to approximately $313,000 and
$384,000 for the six month periods ended March 31, 2000 and 1999, respectively,
which as a percentage of income before income tax expense amounted to a 34.0%
for both periods.

Year 2000

Like many financial institutions, the Bank relies on computers to conduct its
business and information systems processing. Industry experts were concerned
that on January 1, 2000, some computers might not be able to interpret the new
year properly, causing computer malfunctions. Some banking industry experts
remain concerned that some computers may not be able to interpret additional
data in the year 2000 properly. The Bank has operated and evaluated its computer
operating systems following January 1, 2000 and has not identified any errors or
experienced any computer system malfunctions. The Bank will continue to monitor
information systems to assess whether its systems are at risk of misinterpreting
any future dates and will develop appropriate contingency plans to prevent any
potential system malfunction or correct any system failures. The Bank has not
been informed of any such problem experienced by its vendors or its customers,
nor by any of the municipal agencies that provide services to the Bank.

Nevertheless, it is too soon to conclude that there will not be any problems
arising from the Year 2000 problem, particularly at some of the Bank's vendors.
The Bank will continue to monitor its significant vendors of goods and services
with respect to Year 2000 problems they may encounter as those issues may effect
the Bank's ability to continue operations, or might adversely affect the Bank's
financial position, results of operations, and cash flows. The Bank does not
believe at this time that these potential problems will materially impact the
ability of the Company to continue its operations; however, no assurance can be
given that this will be the case.


                                       12

<PAGE>

The expectations of the Bank contained in this section on Year 2000 are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and involve substantial risks and uncertainties
that may cause results to differ materially from those indicated by the forward
looking statements. All forward looking statements in this section are based on
information available to the Bank on the date of this document, and the Bank
assumes no obligation to update such forward looking statements.

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>
                                                                               March 31,           September 30,
                                                                                 2000                  1999
                                                                           ---------------       -----------------
                                                                                 (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...............................................                       338                     214
      Other ....................................................           18                      23
      Consumer..................................................                        41                      44
                                                                           ---------------         ---------------
Total       ....................................................                       397                     281
                                                                           ---------------         ---------------
Total of non-accrual and 90 day past due loans..................           $           397         $           281
                                                                           ===============         ===============
Percentage of net loans.........................................                      .41%                    .32%
                                                                           ===============         ===============
Other non-performing assets/2....................................          $             -         $             -
                                                                           ===============         ===============
</TABLE>

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

At March 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.

                                       13

<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>
                                                                        March 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                        $     21,238    19.2%         $      4,415     4.0%          $      6,623         6.0%
Tangible capital                    $     21,238    19.2%         $      1,656     1.5%                   N/A          N/A
Total Risk based capital            $     21,609    21.2%         $      8,159     8.0%          $     10,198        10.0%
Leverage                            $     21,238    19.2%                  N/A     N/A           $      5,519         5.0%

<CAPTION>
                                                                      September 30, 1999
                                    --------------------------------------------------------------------------------------
                                                                                                        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                        $     22,556    21.2%         $      4,260     4.0%          $      6,390         6.0%
Tangible capital                    $     22,556    21.2%         $      1,598     1.5%                   N/A          N/A
Total Risk based capital            $     22,906    36.9%         $      4,961     8.0%          $      6,201        10.0%
Leverage                            $     22,556    21.2%                  N/A     N/A           $      5,325         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
capital ratio 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 March 31, 2000 and September 30, 1999. 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 March 31, 2000, the Bank could pay common
stock dividends of approximately $12.1 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 March 31, 2000, the Bank had no
outstanding borrowings. The Bank has utilized and may in the future, utilize
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.


                                       14

<PAGE>

The Company's operating activities produced positive cash flows for the
six-month periods ended March 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 March 31, 2000 and
September 30, 1999, cash and cash equivalents totaled $5.1 million and $8.4
million, respectively.

At March 31, 2000, the Bank had $49.9 million in certificates of deposits due
within one year and $15.2 million due between one and three years. Management
believes, based on past experience, that the Bank will retain much of the
deposits or replace them with new deposits. At March 31, 2000, the Bank had $2.5
million in outstanding commitments to originate mortgages, excluding $1.5
million in approved but unused home equity lines of credit and $820,000 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 second quarter of fiscal year 2000, 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.

                                       15

<PAGE>

PART II.  OTHER INFORMATION

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

          The Company's Annual Meeting of Stockholders was held on January 24,
          2000. 1,377,942 shares of Harrodsburg First Financial Bancorp, Inc.
          common stock were represented at the Annual Meeting in person or by
          proxy.

          Stockholders voted in favor of the election of three nominees for
          director. The voting results for each nominee were as follows:


                                            Votes in                Votes
                    Nominee            Favor of Election          Withheld
          ------------------------   ---------------------    ----------------
          Arthur Freeman                  1,372,833                  5,109
          Jack D. Hood                    1,332,894                 45,048
          W. Dudley Shryock               1,373,886                  4,056

          Shareholders voted in favor of the appointment of Miller, Mayer,
          Sullivan, & Stevens, LLP as auditors for the Company for the fiscal
          year ending September 30, 2000. Votes were cast as follows: 1,359,917
          votes in favor, 10,975 votes against, and 7,050 votes abstaining.

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 March 31,
          2000.

          Exhibit 27.....................................Financial Data Schedule

                                       16

<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.

                                   /s/ Jack Hood
Date:     May 10, 2000             ---------------------------------------------
                                   Jack Hood, President



                                   /s/ Teresa W. Noel
Date:     May 10, 2000             ---------------------------------------------
                                   Teresa W. Noel, Treasurer





                                       17