<PAGE>
                     U.S. SECURITIES AND EXCHANGE COMMISION
                             WASHINGTON, D.C. 20549

                                   FORM 10Q-SB

(Mark One)
   X    QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
------  EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2001

        TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO ______________

                        Commission File Number 333-34254

                           LAFAYETTE COMMUNITY BANCORP
                 (Name of Small Business Issuer in its charter)

                               INDIANA 35-2082918
         (State of incorporation) I.R.S. Employer Identification Number


                   2 NORTH 4TH STREET LAFAYETTE, INDIANA 47901
              (Address of principal executive offices and zip code)

                                 (765) 429-7200
                           (Issuer's Telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X   No
                                                             ---     ---

As of November 9, 2001, there were 902,000 Common Shares outstanding.

Transitional Small Business Disclosure Format (Check one): Yes     No  X
                                                              ---     ---



<PAGE>

                           LAFAYETTE COMMUNITY BANCORP

                                      INDEX



PART I. FINANCIAL INFORMATION

  Item 1. Financial Statements

           Consolidated Balance Sheets at September 30, 2001 and
           December 31, 2000 ..............................................   2

           Consolidated Statements of Operations for the three
           and nine months ended September 30, 2001 and 2000 ..............   3

           Consolidated Statement of Changes in Shareholders'
           Equity/(Deficit) for the nine months ended
           September 30, 2001 and 2000 ....................................   4

           Consolidated Statements of Cash Flows for the nine months
           ended September 30, 2001 and 2000 ..............................   5

           Notes to Consolidated Financial Statements .....................   6

  Item 2.  Management's Discussion and Analysis of Results of Operations
           and Financial Condition ........................................7-10

PART II. OTHER INFORMATION

  Item 1.  Legal proceedings ..............................................  11

  Item 2.  Changes in securities ..........................................  11

  Item 3.  Defaults upon senior securities ................................  11

  Item 4.  Submission of Matters to a Vote of Security Holders ............  11

  Item 5.  Other information ..............................................  11

  Item 6.  Exhibits and reports on Form 8-K ...............................  11



  Signatures ..............................................................  12






                                       1
<PAGE>

                 LAFAYETTE COMMUNITY BANCORP
                 CONSOLIDATED BALANCE SHEETS
           September 30, 2001 and December 31, 2000
------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                            September 30,
                                                                2001        December 31,
                                                             (unaudited)        2000
                                                            ----------------------------
<S>                                                         <C>             <C>
ASSETS
      Cash and due from banks                               $  1,485,327    $    797,981
      Federal funds sold                                       1,960,000       2,540,000
                                                            ------------    ------------
        Cash and cash equivalents                              3,445,327       3,337,981

      Securities (including Federal Home Loan Bank Stock)      2,765,500               -

      Loans                                                   28,945,177       6,327,683
        Allowance for loan losses                               (160,000)              -
                                                            ------------    ------------
        Loans, net                                            28,785,177       6,327,683

      Premises and equipment, net                                593,813         507,030

      Accrued interest receivable and other assets               300,467          84,268
                                                            ------------    ------------
                                                            $ 35,890,284    $ 10,256,962
                                                            ============    ============
LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

       Noninterest-bearing deposits                         $  1,856,394    $    483,979
       Interest bearing deposits                              26,077,952       1,694,290
                                                            ------------    ------------
        Total deposits                                        27,934,346       2,178,269

      Accrued expenses payable and other liabilities             245,808         112,753
                                                            ------------    ------------
        Total liabilities                                     28,180,154       2,291,022

Shareholders' equity

      Preferred stock--no par value: 1,000,000 shares
      authorized: zero shares issued and outstanding                   -               -

      Common shares, no par value:-10,000,000 shares
      authorized: 902,000 shares issued and outstanding .      8,594,628       8,594,628

      Accumulated deficit                                      (902,289)       (628,688)

      Accumulated other comprehensive income                     17,791               -
                                                            ------------    ------------

        Total shareholders' equity                             7,710,130       7,965,940
                                                            ------------    ------------
                                                            $ 35,890,284    $ 10,256,962
                                                            ============    ============
</TABLE>



See accompanying notes




                                       2
<PAGE>

                           LAFAYETTE COMMUNITY BANCORP
                      CONSOLIDATED STATEMENTS OF OPERATIONS
         For the three and nine months ended September 30, 2001 and 2000
                                   (unaudited)
------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                              Three months ended    Three months ended    Nine months ended    Nine months ended
                                              September 30, 2001   September 30, 2000    September 30, 2001   September 30, 2000
                                              ----------------------------------------------------------------------------------
<S>                                              <C>                   <C>                   <C>                   <C>
INTEREST INCOME
    Loans, including related fees                $   555,424           $         -           $1,110,060            $        -
    Federal Funds Sold                                20,284                     -               98,776                     -
    Other                                             29,286                     -               43,479                     -
                                                 ----------------------------------------------------------------------------
                                                     604,994                     -            1,252,315                     -

INTEREST EXPENSE
    Deposits                                         273,326                     -              497,871                     -
    Borrowings                                             -                11,279                    -                20,145
                                                 ----------------------------------------------------------------------------
                                                     273,326                11,279              497,871                20,145
                                                 ----------------------------------------------------------------------------

NET INTEREST INCOME                                  331,668               (11,279)             754,444               (20,145)
Provision for loan losses                            (60,000)                    -             (160,000)                    -
                                                 ----------------------------------------------------------------------------
NET INTEREST INCOME AFTER PROVISION
  FOR LOAN LOSSES                                    271,668               (11,279)             594,444               (20,145)

Non-interest income
    Service charges on deposit accounts               10,078                     -               18,698                     -
    Mortgage banking revenue                          84,488                     -              119,450                     -
    Other                                              4,322                     -                9,338                     -
                                                 ----------------------------------------------------------------------------
                                                      98,888                     -              147,486                     -

Non-interest expenses
    Salaries and employee benefits                   218,966               110,673              545,129               279,076
    Occupancy and equipment                           64,889                 7,668              181,798                21,550
    Legal and professional fees                       17,901                13,695               36,063                53,458
    Telephone                                          6,190                 4,450               17,451                 7,447
    Data processing                                   24,158                     -               71,172                     -
    Directors fees                                    13,000                     -               39,000                     -
    Insurance                                          5,296                 3,896               15,836                11,689
    Advertising                                       13,000                   483               39,000                 1,935
    Other                                             26,301                17,528               70,082                34,786
                                                 ----------------------------------------------------------------------------
                                                     389,701               158,393            1,015,531               409,941

                                                 ----------------------------------------------------------------------------
      LOSS BEFORE INCOME TAXES                       (19,145)             (169,672)            (273,601)            (430,086)

      Income taxes                                         -                     -                     -                    -
                                                 ----------------------------------------------------------------------------
      NET LOSS                                   $   (19,145)          $  (169,672)          $ (273,601)           $ (430,086)
                                                 ============================================================================
                                                 ----------------------------------------------------------------------------
      Net loss per share                         $     (0.02)          $   (169.67)          $    (0.30)           $  (430.09)
                                                 ============================================================================
                                                 ----------------------------------------------------------------------------
      Comprehensive loss                         $    (1,968)          $  (169,672)          $ (255,810)           $ (430,086)
                                                 ============================================================================
</TABLE>




      See accompanying notes





                                       3
<PAGE>

                           LAFAYETTE COMMUNITY BANCORP
      CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY/(DEFICIT)
          For the nine month periods ended September 30, 2001 and 2000
                                   (unaudited)
-----------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                                          Accumulated
                                          Common      Accumulated     Other Comprehensive
                                           Stock         Deficit             Income            Total
                                       ----------------------------------------------------------------
<S>                <C>                 <C>            <C>                  <C>              <C>
Balance at January 1, 2000             $    10,000    $   (81,236)         $         -      $   (71,236)

Comprehensive Income:
     Net loss                                            (430,086)                             (430,086)
     Other comprehensive income                  -              -
          Total comprehensive income                                                           (430,086)

                                       ----------------------------------------------------------------
Balance at September 30, 2000          $    10,000    $  (511,322)         $         -      $  (501,322)
                                       ================================================================

Balance at January 1, 2001             $ 8,594,628    $  (628,688)         $         -      $ 7,965,940

Comprehensive Income:
     Net loss                                            (273,601)                             (273,601)
     Other comprehensive income                                                 17,791           17,791
          Total comprehensive income                                                           (255,810)

                                       ----------------------------------------------------------------
Balance at September 30, 2001          $ 8,594,628    $  (902,289)         $    17,791      $ 7,710,130
                                       ================================================================
</TABLE>






                                       4
<PAGE>
                  LAFAYETTE COMMUNITY BANCORP
             CONSOLIDATED STATEMENTS OF CASH FLOWS
     For the nine months ended September 30, 2001 and 2000
                          (unaudited)
------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                              Nine months ended     Nine months ended
                                                                 September 30,         September 30,
                                                                    2001                 2000
                                                              ---------------------------------------
<S>                                                               <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES

     Net loss                                                     ($273,601)            ($430,086)

     Adjustments to reconcile net income to net cash
       from operating activities

        Depreciation and amortization                                60,961                     -

        Provision for loan losses                                   160,000                     -

     Change in assets and liabilities:

        Interest receivable and other assets                       (216,199)               (7,035)

        Interest payable and other liabilities                      123,890               595,998
                                                                ---------------------------------

             Net cash from operating activities                    (144,949)              158,877

CASH FLOWS FROM INVESTING ACTIVITIES

        Draw on note payable                                              -               425,000

        Deferred offering costs                                           -              (102,250)

        Loans made to customers, net of payments collected       22,617,494)                    -

        Purchase of securities and restricted stock              (2,738,544)                    -

        Purchase of equipment                                      (147,744)             (481,196)
                                                                ---------------------------------

            Net cash from investing activities                   25,503,782)             (158,446)

CASH FLOWS FROM FINANCING ACTIVITIES

     Net change in deposit accounts                              25,756,077                     -
                                                                ---------------------------------
            Net cash from financing activities                   25,756,077                     -
                                                                ---------------------------------
     Net change in cash and cash equivalents                        107,346                   431

     Cash and cash equivalents at beginning of period             3,337,981                 4,090
                                                                ---------------------------------
     CASH AND CASH EQUIVALENTS AT END OF PERIOD                 $ 3,445,327              $  4,521
                                                                =================================
</Table>



     See accompanying notes





                                       5

<PAGE>

                           LAFAYETTE COMMUNITY BANCORP
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               September 30, 2001

1.  Accounting Policies
         The significant accounting policies followed by Lafayette Community
Bancorp ("Lafayette") for interim financial reporting are consistent with the
accounting policies followed for annual financial reporting. The interim
financial statements have been prepared in accordance with instructions to Form
10-QSB and may not include all information and footnotes normally shown for full
annual financial statements. All adjustments which are, in the opinion of
management, necessary for a fair presentation of the results for the periods
reported have been included in the accompanying unaudited consolidated financial
statements and all such adjustments are of a normal recurring nature.

Prior to November 1, 2000, Bancorp was in the development stage and the
financial statements for the nine and three months ended September 30, 2000 were
prepared on that basis.

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the amounts reported in the financial statements and the disclosures
provided and future results could differ.

 Organization: Lafayette was incorporated on January 29, 1999, to become a
regulated bank holding company by chartering and capitalizing a wholly-owned
Indiana bank subsidiary, Lafayette Community Bank (Bank), to be located in
Lafayette, Indiana. Lafayette was initially capitalized on August 10, 1999. The
offering was completed on October 7, 2000 and closing took place on October 27,
2000. The Bancorp raised $9,010,000 through the public offering of 901,000
shares of common stock, at $10 per share. Net proceeds were reduced by $425,000
of offering costs and aggregated $8,585,000. Approximately $7,611,000 was used
to capitalize the Bank and provide working capital for the Bank subsidiary. All
regulatory requirements were satisfied and the Bank commenced operations on
November 1, 2000.

Nature of Business: The Bank provides commercial, mortgage and installment loans
and receives deposits from customers located in Tippecanoe and contiguous
counties in Indiana.

2.  Earnings Per Share

Earnings per share were computed based on the weighted average shares
outstanding during the periods that were 902,000 shares during 2001 and 1,000
shares during 2000. As no stock options have been granted, no dilution of shares
is reported.

3. Segment Reporting

Internal financial information is primarily reported and aggregated in one line
of business, i.e., banking.









                                       6
<PAGE>

PART I. FINANCIAL INFORMATION

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATING AND
FINANCIAL CONDITION OR PLAN OF OPERATION

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain matters discussed in this Quarterly Report on Form 10-QSB are
"forward-looking statements" intended to qualify for the safe harbors from
liability established by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements can generally be identified as such because the
context of the statement will include words such as Lafayette "believes",
"anticipates", "expects", "estimates" or words of similar import. Similarly,
statements that describe Lafayette Community Bancorp's (Lafayette) future plans,
objectives or goals are also forward-looking statements. Such forward-looking
statements are subject to certain risks and uncertainties that are described in
close proximity to such statements and which could cause actual results to
differ materially from those anticipated as of the date of this report.
Shareholders, potential investors and other readers are urged to consider these
factors in evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements. The forward-looking
statements included herein are only made as the date of this report and
Lafayette undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.

GENERAL

Lafayette was incorporated on January 29, 1999, to become a regulated bank
holding company by chartering and capitalizing a wholly owned Indiana bank
subsidiary, Lafayette Community Bank ("Bank") to be located in Lafayette,
Indiana. Lafayette raised $9,010,000 through the public offering of Lafayette's
common stock, at $10 per share. Proceeds, net of underwriting discounts and
offering costs, were disbursed on October 27, 2000. Proceeds of $7,611,000 were
used to capitalize the Bank and provide working capital. All regulatory
requirements were satisfied and the Bank commenced operations on November 1,
2000.

The principal business of the Bank consists of providing a wide range of banking
products and services that are reasonably priced and easily understood by
customers, with an emphasis on technology and electronic self-service features.
The Bank offers various products for depositors including checking and savings
accounts, on-line banking facilities, certificates of deposit and vault locker
boxes. Lending is targeted on small- to medium-sized businesses, with an
emphasis on commercial lending.

The Bank operates from two locations. The Bank's main office, which serves as
Lafayette's principal executive office, is located in a two-story building in
downtown Lafayette that houses a full-service banking office, Automated Teller
Machine (ATM), drive-up banking system, executive offices, board room and the
operations department. The Bank has entered into a lease agreement for this
facility with a partnership comprised of directors. The lease term runs through
October 31, 2005. Rent commenced on November 1, 2000. The second banking
location is a








                                       7
<PAGE>

full-service bank branch office including drive-up banking and an ATM on the
north side of Lafayette. Lafayette entered into a noncancellable lease agreement
for this office. The lease term runs through March 31, 2005. Rent commenced on
April 1, 2000.

The book value per share of Lafayette's nonvoting common shares at September 30,
2001, was $8.55.

The high and low bid prices per share of Lafayette's common stock during the
third quarter of 2001 were $10.00 and $7.00, respectively.

Lafayette has established director and employee stock option plans and allocated
15% of the outstanding shares of Lafayette to be eligible for grant under these
plans. No options have been granted. Options will be granted by a committee of
the Board of Directors of Lafayette (Board of Directors) and will be at the
greater of the offering price or the current fair market value of Lafayette
common stock.

Lafayette has not paid, and does not expect to pay, dividends in the near
future. Lafayette will retain any earnings to finance its growth. Future
dividend policy will depend on Lafayette's earnings, capital requirements,
financial condition and other factors deemed relevant by Lafayette's Board of
Directors.

INTEREST INCOME

Interest income for the three and nine months ended September 30, 2001, was
$605,000 and $1,252,000. Loan income, including fees, was $555,000 and
$1,110,000 for the three and nine months ended September 30, 2001. The increase
reflects growth in total loans outstanding. Interest income from Federal Funds
sold for the three and nine months ended September 30, 2001, was $20,000 and
$99,000. Other interest income for the three and nine months ended September 30,
2001, was $29,000 and $43,000, and came primarily from securities in 2001 and
interest bearing balances in banks in 2000.

INTEREST EXPENSE

Interest expense for the three months ended September 30, 2001, and 2000, was
$273,000 and $11,000. For the nine months ended September 30, 2001, and 2000,
interest expense was $498,000 and $20,000. Interest expense in 2001 is comprised
solely of interest on deposits. The Bank accepted deposits only after the
commencement of operations. Therefore, no information exists for comparison with
2000. Interest expense for the three and nine months ended September 30, 2000,
was associated with borrowings by Lafayette to fund its development stage.
Principal and interest were fully repaid on these borrowings following the
disbursement of funds from the offering.






                                       8
<PAGE>

PROVISION FOR LOAN LOSSES

The provision for loan losses is a valuation allowance, which is decreased by
charge-offs net of recoveries. Management estimates the allowance balance
required based on known and inherent risks in the loan portfolio. Allocations
may be made to specific loans, but the entire allowance is available for any
loan that, in management's judgment, should be charged-off. At September 30,
2001, the allowance is $160,000 or .55% of total loans.


NON-INTEREST INCOME

Total non-interest income was $99,000 and $147,000 for the three and nine months
ended September 30, 2001. Most of the total results from fees earned when fixed
rate mortgages are originated by the Bank and sold, service released, to third
parties. The balance comes from deposit account fees and other service charges.
The Bank only earned income following the commencement of operations on November
1, 2000. Therefore, no information exists for comparison with 2000.

NON-INTEREST EXPENSES

Total non-interest expense for the three months ended September 30, 2001, and
September 30, 2000, was $390,000 and $158,000. For the nine months ended
September 30, 2001, and September 30, 2000, total non-interest expense was
$1,016,000 and $410,000. This $606,000 increase comes in all categories except
legal and professional fees and reflects the move from a development stage
entity, working with limited numbers of employees in temporary space, to a full
service financial institution serving customers from two locations. Legal and
professional fees during 2000 are primarily in connection with the organization
of Lafayette and gaining regulatory approval to charter the bank.

During the first nine months of 2001, a net loss of $274,000 was recorded.

INCOME TAXES

Lafayette has recorded a cumulative net operating loss of $902,000 since
inception. No tax benefit has been recorded and a valuation allowance reduces
the deferred tax asset to $0.

BALANCE SHEET

Total assets were $35,890,000 at September 30, 2001 and $10,257,000 at December
31, 2000. Cash and cash equivalents were $3,445,000 at September 30, 2001,
compared to $3,338,000 at December 31, 2000, an increase of $107,000 or 3.21%.
During 2001, Lafayette purchased securities with a carrying value at September
30, 2001, of 2,766,000. These changes reflect the faster growth in deposits than
in loans. Loans increased from $6,328,000 at December 31, 2000, to $28,945,000
at September 30, 2001. This represents an increase of $22,617,000, or 357.41%.







                                       9
<PAGE>

Total liabilities were $28,180,000 at September 30, 2001 compared to $2,291,000
at December 31, 2000, an increase of $25,889,000 or 1,130.03%. Total deposits at
September 30, 2001, were $27,934,000 compared to $2,178,000 at December 31,
2000, an increase of $25,756,000 or 1,182.55%. Noninterest-bearing deposits were
$1,856,000 and $484,000 at September 30, 2001, and December 31, 2000,
respectively, an increase of $1,372,000 or 283.47%. Interest bearing deposits
increased $24,384,000 or 1,439.43% from $1,694,000 at December 31, 2000, to
$26,078,000 at September 30, 2001. Management has promoted the Bank's deposit
products through advertising and rate specials as they work to gain market share
and attract new customers.

CAPITAL REQUIREMENTS

Total shareholders' equity at September 30, 2001, was $7,710,000 compared to
$7,966,000 at December 31, 2000. The decline resulted from a net loss of
$274,000 for the first nine months of 2001.

The Bank is subject to regulatory capital requirements administered by federal
banking agencies. Capital adequacy guidelines and prompt corrective action
regulations involve quantitative and qualitative measures of assets, liabilities
and certain off-balance-sheet items calculated under regulatory accounting
practices.

The prompt corrective action regulations provide five classifications, including
well capitalized, adequately capitalized, undercapitalized, significantly
undercapitalized and critically undercapitalized, although these terms are not
used to represent overall financial condition. If only adequately capitalized,
regulatory approval is required to accept brokered deposits. If
undercapitalized, capital distributions are limited, as is asset growth and
expansion, and plans for capital restoration are required.

At September 30, 2001, the Bank was well-capitalized.









                                       10
<PAGE>

PART II. OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

Neither Lafayette Community Bancorp nor its subsidiary is involved in any
pending legal proceedings at this time, other than routine litigation incidental
to their respective business.

Item 2. CHANGES IN SECURITIES--Not applicable.

Item 3. DEFAULTS UPON SENIOR SECURITIES--Not applicable.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS--None

Item 5. OTHER INFORMATION--Not applicable.

Item 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

3.1 Amended and Restated Articles of Incorporation of Lafayette Community
Bancorp, which are incorporated by reference to Exhibit 3.1 in the Registration
Statement on SB-2, filed April 7, 2000, as amended, ("Form SB-2").

3.2 By-laws of Lafayette Community Bancorp, which are incorporated by reference
to Exhibit 3.2 in the Form SB-2.

10.1 2000 Directors' Stock Option Plan, which incorporated by reference to
Exhibit 10.1 in the Form SB-2.

10.2 2000 Key Employees' Stock Option Plan, which is incorporated by reference
to Exhibit 10.2 in the Form SB-2.

10.3 Lease (main office property), which is incorporated by reference to Exhibit
10.3 in the Form SB-2.

10.4 Lease (branch office property), which is incorporated by reference to
Exhibit 10.4 in the Form SB-2.

(b) Reports on Form 8-K. No reports on Form 8-K were filed during the fiscal
quarter for which this report is filed.








                                       11
<PAGE>

SIGNATURES


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


                           LAFAYETTE COMMUNITY BANCORP


                           By: /s/ David R. Zimmerman
                              ----------------------------------------
                               David R. Zimmerman
                               Chairman and Chief Executive Officer

                           By: /s/ Dennis R. Hardwick
                              ----------------------------------------
                               Dennis R. Hardwick
                               Vice President and Controller

                           DATE: November 9, 2001






                                       12