---

|Maryland(State or other jurisdiction of incorporationor organization) |  | 74-2957339(I.R.S. Employer Identification or number)
|--------------------------------------------------------------------- |  | ----------------------------------------------------

|312 Main Street, Smithville, Texas 78957-2035(Address of principal executive offices)
|-------------------------------------------------------------------------------------

|(512) 237-2482(issuer's telephone number)
|-----------------------------------------

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 90 days.    Yes [  ]    No [X]

Transitional Small Business Format (check one):

                 Yes [   ]   No [X]
          State the number of Shares outstanding of each of the issuer's classes of common equity, as of the latest date:


          As of June 30, 2001, there were 281,031 shares of the Registrant's common stock outstanding.

|**PART I.**  | **FINANCIAL INFORMATION**                                                                          | **PAGE NO.**
|------------ | -------------------------------------------------------------------------------------------------- | ------------
|             |                                                                                                    |             
|Item 1.      | Consolidated Financial Statements                                                                  |             
|             | Consolidated Balance Sheets as of

   June 30, 2001 and December 31, 2000                          | 1           
|             | Consolidated Statements of Income for the

   Three Months Ended June 30, 2001 and 2000            | 2           
|             | Consolidated Statements of Changes in Equity

   for the Three Months Ended June 30, 2001 and 2000 | 3           
|             | Consolidated Statements of Cash Flows 

   for the Three Months Ended June 30, 2001 and 2000       | 4           
|             | Notes to Unaudited Consolidated Financial Statements                                               | 5           
|             |                                                                                                    |             
|Item 2.      | Management's Discussion and Analysis of Financial Condition
and Results of Operations              | 8           
|             |                                                                                                    |             
|**PART II.** | **OTHER INFORMATION**                                                                              |             
|             |                                                                                                    |             
|             | Signature Page                                                                                     | 11          

|**CBCT Bancshares, Inc.**                       |                 |                   
|----------------------------------------------- | --------------- | ------------------
|Consolidated Balance Sheets                     |                 |                   
|(Unaudited)                                     |                 |                   
|(dollars in thousands)                          | AtJune 30,2001  | AtDecember 31,2000
|ASSETS                                          |                 |                   
|Cash and non-interest due from banks            | $           183 | $           213   
|Interest bearing due from banks                 | 1,829           | 2,146             
|                                                |                 |                   
|Total cash and cash equivalents                 | 2,012           | 2,359             
|                                                |                 |                   
|Investment securities to be held to maturity    | 3,988           | 5,647             
|Investment securities available for sale        | 9,041           | 6,087             
|Federal Home Loan Bank stock                    | 510             | 513               
|Loans held for sale                             | -               | 121               
|Loans - net of allowance for loan losses        | 19,865          | 22,180            
|Bank premises and equipment - net               | 1,292           | 1,271             
|Accrued interest receivable                     | 271             | 291               
|Prepaid expenses and other assets               | 23              | 329               
|                                                |                 |                   
|                                                | $       37,002  | $       38,798    
|                                                |                 |                   
|**LIABILITIES AND STOCKHOLDERS' EQUITY**        |                
|                                                |                 |                   
|Deposits:                                       |                 |                   
|Noninterest bearing                             | $           763 | $           707   
|Interest bearing                                | 26,150          | 26,878            
|                                                |                 |                   
|Total deposits                                  | 26,913          | 27,585            
|                                                |                 |                   
|Advances from borrowers for taxes and insurance | 197             | 57                
|Advances from Federal Home Loan Bank            | 3,941           | 5,438             
|Accrued interest payable and other liabilities  | 435             | 359               
|                                                |                 |                   
|Total liabilities                               | 31,486          | 33,439            
|                                                |                 |                   
|Stockholders' Equity:                           |                 |                   
|Preferred Stock, par value $0.01 per share;     |                 |                   
|1,000,000 shares authorized; none issued        |                 |                   
|and outstanding                                 | -               | -                 
|Common Stock, par value $0.01 per share;        |                 |                   
|4,000,000 shares authorized; 281,031            |                 |                   
|shares issued and outstanding                   | 3               | 3                 
|Surplus                                         | 2,383           | 2,383             
|Retained earnings                               | 3,040           | 2,868             
|Unallocated ESOP shares                         | (199)           | (199)             
|Accumulated other comprehensive income (loss)   | 289             | 304               
|                                                |                 |                   
|Total equity                                    | 5,516           | 5,359             
|                                                |                 |                   
|                                                | $       37,002  | $       38,798    

|**CBCT Bancshares, Inc.**                     |                            |              |                          |             |             
|--------------------------------------------- | -------------------------- | ------------ | ------------------------ | ----------- | ------------
|Consolidated Statements of Income             |                            |              |                          |             |             
|(Unaudited)                                   |                            |              |                          |             |             
|(dollars in thousands, except per share data) |                            |              |                          |             |             
|                                              | Three months endedJune 30, |              | Six months endedJune 30,
|                                              | 2001                       | 2000         |                          | 2001        | 2000        
|Interest and dividend income:                 |                            |              |                          |             |             
|Loans                                         | $       431                | $       502  |                          | $       953 | $       991 
|Debt securities                               | 172                        | 136          |                          | 336         | 361         
|Deposits in banks                             | 39                         | 89           |                          | 79          | 124         
|Dividends                                     | 6                          | 17           |                          | 13          | 25          
|Total interest and dividend income            | 648                        | 744          |                          | 1,381       | 1,501       
|Interest expense:                             |                            |              |                          |             |             
|Deposits                                      | 303                        | 326          |                          | 612         | 664         
|Federal Home Loan Bank advances               | 55                         | 80           |                          | 118         | 179         
|Total interest expense                        | 358                        | 406          |                          | 730         | 843         
|                                              |                            |              |                          |             |             
|Net interest income                           | 290                        | 338          |                          | 651         | 658         
|Provision for loan losses                     | 9                          | 9            |                          | 18          | 16          
|Net interest income after loan losses         | 281                        | 329          |                          | 633         | 642         
|                                              |                            |              |                          |             |             
|Other operating income (losses):              |                            |              |                          |             |             
|Service charges and fees                      | 76                         | 25           |                          | 108         | 55          
|Net securities gains (losses)                 | 44                         | 3            |                          | 63          | (863)       
|Net gains on sales of loans                   | -                          | 3            |                          | -           | 8           
|Total other operating income (loss)           | 120                        | 31           |                          | 171         | (800)       
|                                              |                            |              |                          |             |             
|Operating expenses:                           |                            |              |                          |             |             
|Compensation and benefits                     | 131                        | 128          |                          | 276         | 266         
|Occupancy and equipment expense               | 33                         | 30           |                          | 74          | 95          
|Other operating expenses                      | 118                        | 104          |                          | 201         | 223         
|Total other operating expenses                | 282                        | 262          |                          | 551         | 584         
|                                              |                            |              |                          |             |             
|Income (loss) before income taxes             | 119                        | 98           |                          | 253         | (742)       
|                                              |                            |              |                          |             |             
|Income tax expense (benefit)                  | 39                         | 3            |                          | 81          | (290)       
|                                              |                            |              |                          |             |             
|Net income (loss)                             | $         80               | $         95 |                          | $       172 | $      (452)
|                                              |                            |              |                          |             |             
|Basic earnings (loss) per share               | $      0.31                | $      0.37  |                          | $      0.66 | $     (1.75)
|                                              |                            |              |                          |             |             
|Weighted average shares outstanding (1)       | 261,123                    | 258,549      |                          | 261,123     | 258,549     

|**CBCT Bancshares, Inc.**                                                             |             |             |                  |                       |                                     |            
|------------------------------------------------------------------------------------- | ----------- | ----------- | ---------------- | --------------------- | ----------------------------------- | -----------
|                                                                                     
|Consolidated Statements of Changes in Equity
   (Unaudited)
   (dollars in thousands) | CommonStock | Surplus     | RetainedEarnings | UnallocatedESOPShares | AccumulatedOther Comp.Income (Loss) | Total      
|**Six Months Ended June 30, 2001**                                                    |             |             |                  |                       |                                     |            
|Balance, beginning of period                                                          | $      3    | $  2,383    | $  2,868         | $     (199)           | $        304                        | $     5,359
|Comprehensive income:                                                                 |             |             |                  |                       |                                     |            
|Net income                                                                            | -           | -           | 172              | -                     | -                                   | 172        
|Change in net unrealized loss on securities                                           |             |             |                  |                       |                                     |            
|available for sale, net of reclassification                                           |             |             |                  |                       |                                     |            
|adjustment and tax effect                                                             | -           | -           | -                | -                     | (15)                                | (15)       
|Total comprehensive income                                                            | -           | -           | -                | -                     | -                                   | 157        
|                                                                                      |             |             |                  |                       |                                     |            
|Balance, end of period                                                                | $      3    | $  2,383    | $  3,040         | $     (199)           | $        289                        | $     5,516
|                                                                                      |             |             |                  |                       |                                     |            
|                                                                                      |             |             |                  |                       |                                     |            
|**Six Months Ended June 30, 2000**                                                    |             |             |                  |                       |                                     |            
|Balance, beginning of period                                                          | $       -   | $         - | $  3,214         | $           -         | $       (215)                       | $     2,999
|Comprehensive income:                                                                 |             |             |                  |                       |                                     |            
|Net income (loss)                                                                     | -           | -           | (452)            | -                     | -                                   | (452)      
|Change in net unrealized loss on securities                                           |             |             |                  |                       |                                     |            
|available for sale, net of reclassification                                           |             |             |                  |                       |                                     |            
|adjustment and tax effect                                                             | -           | -           | -                | -                     | 319                                 | 319        
|Total comprehensive income (loss)                                                     | -           | -           | -                | -                     | -                                   | (133)      
|                                                                                      |             |             |                  |                       |                                     |            
|Balance, end of period                                                                | $       -   | $         - | $  2,762         | $           -         | $        104                        | $     2,866

|**CBCT Bancshares, Inc.**                           |                  |             
|--------------------------------------------------- | ---------------- | ------------
|Consolidated Statements of Cash Flows               |                  |             
|(Unaudited)                                         | Six months ended
|(dollars in thousands)                              | June 30,        
|                                                    | 2001             | 2000        
|**Cash Flows From Operating Activities**            |                  |             
|Net income (loss)                                   | $        172     | $      (452)
|Adjustments to reconcile net income to net cash     |                  |             
|provided by operating activities:                   |                  |             
|Depreciation and amortization                       | 31               | 42          
|Net securites losses (gains)                        | (63)             | 863         
|Provision for loan losses                           | 18               | 16          
|Deferred income taxes                               | 81               | (168)       
|Stock dividend income                               | (12)             | (23)        
|Net change in:                                      |                  |             
|Loans held for sale                                 | 121              | 363         
|Accrued interest receivable and other assets        | 326              | (268)       
|Accrued interest payable and other liabilities      | 3                | 70          
|Net cash provided by operating activities           | 677              | 443         
|                                                    |                  |             
|**Cash Flows From Investing Activities**            |                  |             
|Activity in available-for-sale securities:          |                  |             
|Sales                                               | 2,465            | 15,209      
|Maturities and prepayments                          | 317              | 372         
|Purchases                                           | (5,681)          | (4,054)     
|Activity in held-to-maturity securities:            |                  |             
|Maturities and prepayments                          | 1,659            | -           
|Purchases                                           | -                | (6,140)     
|Loan originations and collections - net             | 2,297            | (846)       
|Capital expenditures                                | (52)             | (14)        
|Net cash provided by (used in) investing activities | 1,005            | 4,527       
|                                                    |                  |             
|**Cash Flows From Financing Activities**            |                  |             
|Net change in deposits                              | (532)            | (3,130)     
|Proceeds from Federal Home Loan Bank advances       | -                | 500         
|Repayment of Federal Home Loan Bank advances        | (1,497)          | (1,971)     
|Net cash provided by (used in) financing activities | (2,029)          | (4,601)     
|                                                    |                  |             
|Net increase in cash and cash equivalents           | (347)            | 369         
|                                                    |                  |             
|Cash and cash equivalents - beginning of period     | 2,359            | 2,253       
|                                                    |                  |             
|Cash and cash equivalents - end of period           | $     2,012      | $     2,622 

|                                    | June 30, 2001       
|----------------------------------- | --------------------
|                                    | Amortized

     Cost
|Debt securities:                    |                     
|Government agencies                 | $       1,993       
|Collateralized mortgage obligations | 1,995               
|                                    |                     
|                                    | $       3,988       

|                                    | December 31, 2000
|----------------------------------- | -----------------
|                                    | Amortized

Cost  
|Debt securities:                    |                  
|Government agencies                 | $       2,991    
|Collateralized mortgage obligations | 2,656            
|                                    |                  
|                                    | $       5,647    

|                                    | June 30, 2001 |                
|----------------------------------- | ------------- | ---------------
|                                    | Amortized     | Unrealized     
|                                    | Cost          | Gain (Loss)    
|Debt securities:                    |               |                
|Government agencies                 | $       1,408 | $            43
|State and municipal                 | 110           | 4              
|Mortgage-backed                     | 6,688         | 77             
|Collateralized mortgage obligations | 393           | -              
|Marketable equity securities        | 4             | 314            
|                                    |               |                
|                                    | $       8,603 | $          438 

|                             | December 31, 2000 |                
|---------------------------- | ----------------- | ---------------
|                             | Amortized         | Unrealized     
|                             | Cost              | Gain (Loss)    
|Debt securities:             |                   |                
|Government agencies          | $       3,277     | $            79
|State and municipal          | 110               | 4              
|Mortgage-backed              | 2,235             | 44             
|Marketable equity securities | 4                 | 334            
|                             |                   |                
|                             | $       5,626     | $          461 

|                          | 2001              | 2000              | 
|------------------------- | ----------------- | ----------------- | 
|                          |                   |                   | 
|Interest paid in cash     | $          682    | $          856    | 
|                          |                   |                   | 
|Income taxes paid in cash | $               - | $               - | 

|      |                 |  | **CBCT BANCSHARES, INC.**
Registrant                                                   
|----- | --------------- |  | ---------------------------------------------------------------------------------------
|      |                 |  |                                                                                        
|      |                 |  |                                                                                        
|Date: | August 10, 2001 |  | /s/ Brad M. Hurta	
Brad M. Hurta
President and Chief Executive Officer                 
|      |                 |  |                                                                                        
|      |                 |  |                                                                                        
|Date: | August 10, 2001 |  | /s/ Lynn Frerich
Lynn Frerich
Vice President, Chief Operating 
   Officer and Secretary