SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1999 OR

[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE  ACT OF 1934  FOR THE  TRANSITION  PERIOD  FROM  _____________  TO
     _____________________.

         Commission file number: 0-25910

                           LOGANSPORT FINANCIAL CORP.
               (Exact name of registrant specified in its charter)


         Indiana                                            35-1945736
(State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization)                         Identification Number)


                                723 East Broadway
                                  P.O. Box 569
                            Logansport, Indiana 46947
                     (Address of principal executive offices
                               including Zip Code)

                                 (219) 722-3855
              (Registrant's telephone number, including area code)

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  report),  and  (2)  has  been  subject  to such  filing
requirements for the past 90 days.

         Yes [X]                                                 No [ ]

The number of shares of the Registrant's common stock,  without par value, as of
August 1, 1999 was 1,199,210.







                                  Page 1 of 17


<PAGE>


                           Logansport Financial Corp.
                                    Form 10-Q
                                      Index
                                                                       Page No.

PART 1.  FINANCIAL INFORMATION
Item 1.  Financial Statements                                                 3

         Consolidated Statements of Financial
           Condition as of June 30, 1999
           (Unaudited) and December 31, 1998

         Consolidated Statements of Earnings
           for the three and six months ended June 30,
           1999 and 1998  (Unaudited)

         Consolidated Statements of Shareholders'
           Equity for the six months ended
           June 30, 1999 and 1998 (Unaudited)

         Consolidated Statements of Cash Flows
           for the six months ended June 30, 1999 and
           1998 (Unaudited)

         Notes to Consolidated  Financial Statements                          8

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

Item 3. Quantitative and Qualitative Disclosures About Market Risk           14

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings                                                   16

Item 4.  Submission of Matters to a Vote of Security Holders                 16

Item 6.  Exhibits and Reports of Form 8-K                                    16

SIGNATURES                                                                   17












                                        2


<PAGE>

<TABLE>

                           LOGANSPORT FINANCIAL CORP.
<CAPTION>
                 Consolidated Statements of Financial Condition
                                   (Unaudited)
                        (In thousands, except share data)

                                                                           June 30,            December 31,
                                                                               1999                    1998
         ASSETS
<S>                                                                            <C>                       <C>
Cash and due from banks                                                    $  1,422                 $   363
Interest-bearing deposits in other financial institutions                     3,540                   3,965
                                                                            -------                  ------
         Cash and cash equivalents                                            4,962                   4,328

Investment securities available for sale-at market                            7,199                   5,033
Mortgage-backed securities available for sale-at market                       6,821                   8,129
Loans receivable-net                                                         82,291                  73,073
Office premises and equipment-at depreciated cost                             1,885                   1,528
Federal Home Loan Bank stock- at cost                                           824                     568
Investment in real estate partnership                                         1,543                   1,566
Accrued interest receivable on loans                                            422                     337
Accrued interest receivable on mortgage-backed securities                        52                      66
Accrued interest receivable on investments                                       87                      62
Prepaid expenses and other assets                                                40                      36
Cash surrender value of life insurance                                        1,156                   1,135
Prepaid income tax                                                              127                      29
Deferred income tax asset                                                       304                     195
                                                                            -------                  ------

Total assets                                                               $107,713                 $96,085
                                                                            =======                  ======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                   $ 74,878                 $70,011
Advances from the Federal Home Loan Bank                                     14,000                   7,000
Notes payable                                                                 1,307                   1,375
Accrued interest and other liabilities                                          911                   1,211
                                                                            -------                  ------
Total liabilities                                                            91,096                  79,597

Shareholders' equity
  Common stock                                                                6,675                   6,670
  Retained earnings-restricted                                               10,321                  10,031
  Less shares acquired by stock benefit plan                                   (304)                   (368)
  Unrealized gains (losses) on securities designated as
    available for sale, net of related tax effects                              (75)                    155
                                                                            -------                  ------
Total shareholders' equity                                                   16,617                  16,488
                                                                            -------                  ------

Total liabilities and shareholders' equity                                 $107,713                 $96,085
                                                                            =======                  ======

</TABLE>





                                        3


<PAGE>

<TABLE>

                           LOGANSPORT FINANCIAL CORP.
<CAPTION>
                       Consolidated Statements of Earnings
                                   (Unaudited)
                        (In thousands, except share data)

                                                                        Three months ended             Six months ended
                                                                             June 30,                       June 30,
                                                                         1999         1998            1999         1998
<S>                                                                       <C>         <C>              <C>         <C>
Interest income
  Loans                                                                $1,563       $1,385          $3,049       $2,701
  Mortgage-backed securities                                              108          130             220          282
  Investment securities                                                    90           61             163          136
  Interest-bearing deposits and other                                      60           63             119          108
                                                                        -----        -----           -----        -----
         Total interest income                                          1,821        1,639           3,551        3,227

Interest expense
  Deposits                                                                799          762           1,572        1,494
  Borrowings                                                              151           95             253          189
                                                                        -----        -----           -----        -----
         Total interest expense                                           950          857           1,825        1,683
                                                                        -----        -----                        -----

         Net interest income                                              871          782           1,726        1,544
Provision for losses on loans                                              40            9              81           18
                                                                        -----        -----           -----        -----
         Net interest income after provision for
           losses on loans                                                831          773           1,645        1,526

Other income
  Service charges on deposit accounts                                      32           24              62           43
  Gain on sale of investment and mortgage-backed
    securities                                                             -             3              -             3
  Gain on sale of real estate acquired through foreclosure                 -             6              -             6
  Loss on equity investment                                               (50)          -              (50)          -
  Other operating                                                          30           37              66           70
                                                                        -----        -----           -----        -----
         Total other income                                                12           70              78          122

General, administrative and other expense
  Employee compensation and benefits                                      225          184             444          359
  Occupancy and equipment                                                  44           17              76           36
  Federal deposit insurance premiums                                       10            9              20           19
  Data processing                                                          36           25              72           51
  Other operating                                                         105           85             234          172
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                  420          320             846          637
                                                                        -----        -----           -----        -----

         Earnings before income taxes                                     423          523             877        1,011
Income tax expense                                                        152          198             324          382
                                                                        -----        -----           -----        -----

         NET EARNINGS                                                  $  271       $  325          $  553       $  629
                                                                        =====        =====           =====        =====
Other comprehensive income, net of tax:
  Unrealized gains (losses) on securities available for sale             (165)         (19)           (230)          12
                                                                        -----        -----           -----        -----

COMPREHENSIVE INCOME                                                   $  106       $  306          $  323       $  641
                                                                        =====        =====           =====        =====
EARNINGS PER SHARE
  Basic (based on net earnings)                                          $.22         $.26            $.46         $.50
                                                                          ===          ===             ===          ===

  Diluted (based on net earnings)                                        $.22         $.25            $.45         $.48
                                                                          ===          ===             ===          ===
</TABLE>


                                        4


<PAGE>


<TABLE>
                           LOGANSPORT FINANCIAL CORP.
<CAPTION>
                 Consolidated Statements of Shareholders' Equity
                                   (Unaudited)
                        (In thousands, except share data)

                                                                           Six months ended
                                                                                June 30,
                                                                      1999                  1998
<S>                                                                  <C>                     <C>
Balance at January 1                                               $16,488               $16,542

Issuance of shares under stock option plan                               5                     7

Amortization of stock benefit plan                                      64                    62

Cash dividends of $.22 per share in 1999 and $.21 in 1998             (263)                 (265)

Unrealized gains (losses) on securities designated as
available for sale, net of related tax effects                        (230)                   12

Net earnings                                                           553                   629
                                                                    ------                ------

Balance at June 30                                                 $16,617               $16,987
                                                                    ======                ======


Accumulated other comprehensive income                             $   (75)              $    72
                                                                    ======                ======

</TABLE>



























                                        5


<PAGE>

<TABLE>

                           LOGANSPORT FINANCIAL CORP.
<CAPTION>
                      Consolidated Statements of Cash Flows
                        For the six months ended June 30,
                                   (Unaudited)
                                 (In thousands)

                                                                                             1999                  1998
<S>                                                                                          <C>                    <C>
Cash flows from operating activities:
  Net earnings for the period                                                             $   553               $   629
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Depreciation and amortization                                                              36                    18
    Amortization of premiums on investments and
      mortgage-backed securities                                                               60                    99
    Amortization expense of stock benefit plan                                                 64                    62
    Gain on sale of investment and mortgage-backed securities                                   -                    (3)
    Provision for losses on loans                                                              81                    18
    Loss on equity investment                                                                  50                    -
    Gain on sale of real estate acquired through foreclosure                                   -                     (6)
    Increase (decrease) in cash, due to changes in:
      Accrued interest receivable on loans                                                    (85)                  (16)
      Accrued interest receivable on mortgage-backed securities                                14                    14
      Accrued interest receivable on investments                                              (25)                   26
      Prepaid expenses and other assets                                                        (4)                   (7)
      Accrued interest and other liabilities                                                 (300)                   25
      Federal income taxes
        Current                                                                               (98)                  (66)
        Deferred                                                                               10                    (2)
                                                                                           ------                ------
         Net cash provided by operating activities                                            356                   791

Cash flows provided by (used in) investing activities:
  Proceeds from certificates of deposit in other institutions                                  -                    100
  Purchase of investment securities                                                        (2,800)                 (400)
  Maturities/calls of investment securities                                                   375                 1,355
  Purchase of Federal Home Loan Bank stock                                                   (256)                  (74)
  Proceeds from sale of mortgage-backed securities                                             -                    802
  Purchase of mortgage-backed securities                                                       -                 (1,948)
  Principal repayments on mortgage-backed securities                                        1,158                 1,857
  Loan disbursements                                                                      (18,200)              (11,857)
  Investment in real estate partnership                                                       (27)                  (14)
  Principal repayments on loans                                                             8,901                 8,528
  Purchases and additions to office premises and equipment                                   (393)                  (25)
  Proceeds from sale of real estate acquired through foreclosure                                -                     4
  Increase in cash surrender value of life insurance policy                                   (21)                  (21)
                                                                                           ------                ------
         Net cash used in investing activities                                            (11,263)               (1,693)
                                                                                           ------                ------

         Net cash used in operating and investing activities
           (balance carried forward)                                                      (10,907)                 (902)
                                                                                           ------                ------
</TABLE>






                                        6


<PAGE>

<TABLE>

                           LOGANSPORT FINANCIAL CORP.
<CAPTION>
                      Consolidated Statements of Cash Flows
                        For the six months ended June 30,
                                   (Unaudited)
                                 (In thousands)

                                                                             1999                  1998
<S>                                                                           <C>                   <C>
         Net cash used in operating and investing activities
           (balance brought forward)                                     $(10,907)               $ (902)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                          4,867                 3,820
  Proceeds from Federal Home Loan Bank advances                            17,000                 5,500
  Repayment of Federal Home Loan Bank advances                            (10,000)               (5,500)
  Repayment of note payable                                                   (68)                  (75)
  Proceeds from the exercise of stock options                                   5                     7
  Dividends on common stock                                                  (263)                 (265)
                                                                          -------                 -----
         Net cash provided by financing activities                         11,541                 3,487
                                                                          -------                 -----

Net increase in cash and cash equivalents                                     634                 2,585

Cash and cash equivalents, beginning of period                              4,328                 2,269
                                                                          -------                 -----

Cash and cash equivalents, end of period                                 $  4,962                $4,854
                                                                          =======                 =====


Supplemental disclosure of cash flow information:
 Cash paid during the year for:
    Interest on deposits and borrowings                                  $  1,833                $1,679
                                                                          =======                 =====

    Income taxes                                                         $    414                $  449
                                                                          =======                 =====

    Dividends payable at end of period                                   $    132                $  139
                                                                          =======                 =====

Supplemental disclosure of noncash investing activities:
  Foreclosed mortgage loans transferred to
    real estate acquired through foreclosure                             $     -                 $   54
                                                                          =======                 =====

  Loans originated through sales of real estate owned                    $     -                 $  148
                                                                          =======                 =====

</TABLE>











                                        7


<PAGE>


              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



NOTE A:  Basis of Presentation

The unaudited interim consolidated  financial statements include the accounts of
Logansport  Financial  Corp.  (the  "Company")  and its  subsidiary,  Logansport
Savings Bank, FSB, (the "Bank").

The unaudited interim  consolidated  financial  statements have been prepared in
accordance with the instructions to Form 10-Q and, therefore, do not include all
information and disclosures required by generally accepted accounting principles
for complete  financial  statements.  Accordingly,  these  financial  statements
should be read in conjunction  with the  consolidated  financial  statements and
notes  thereto  included  in the  Annual  Report on Form 10-K for the year ended
December  31,  1998.  In the opinion of  management,  the  financial  statements
reflect all adjustments (consisting of only normal recurring accruals) necessary
to present fairly the Company's  financial position as of June 30, 1999, results
of  operations  for the three and six month periods ended June 30, 1999 and 1998
and cash flows for the three and six month periods ended June 30, 1999 and 1998.


NOTE B: Earnings Per Share and Dividends Per Share

Basic  earnings  per share is computed  based upon the  weighted-average  shares
outstanding  during  the  period.  Weighted-average  common  shares  outstanding
totaled  1,198,901  and  1,261,293 for the six month periods ended June 30, 1999
and 1998,  respectively  and 1,199,090 and 1,261,511 for the three month periods
ended  June 30,  1999 and  1998,  respectively.  Diluted  earnings  per share is
computed  taking into  consideration  common  shares  outstanding  and  dilutive
potential  common  shares to be issued  under the  Company's  stock option plan.
Weighted-average  common  shares  deemed  outstanding  for purposes of computing
diluted  earnings per share  totaled  1,217,789 and 1,310,512 for the six months
ended June 30, 1999 and 1998, respectively,  and 1,211,230 and 1,312,978 for the
three months ended June 30, 1999 and 1998, respectively.

Incremental  shares related to the assumed exercise of stock options included in
the computation of diluted  earnings per share totaled 18,888 and 49,219 for the
six month  periods  ended June 30, 1999 and 1998,  and 12,140 and 51,467 for the
three month periods ended June 30, 1999 and 1998, respectively.

A cash  dividend of $.11 per common share was declared on June 9, 1999,  payable
on July 9, 1999, to stockholders of record as of June 21, 1999.


NOTE C: Recent Accounting Pronouncements

In June 1998,  the  Financial  Accounting  Standards  Board (the "FASB")  issued
Statement of Financial  Accounting  Standards ("SFAS") No. 133,  "Accounting for
Derivative  Instruments  and Hedging  Activities,"  which  requires  entities to
recognize  all  derivatives  in their  financial  statements as either assets or
liabilities  measured at fair value.  SFAS No. 133 also specifies new methods of
accounting for hedging transactions,  prescribes the items and transactions that
may be hedged,  and specifies  detailed  criteria to be met to qualify for hedge
accounting.



                                        8



<PAGE>


        NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED)



NOTE C: Recent Accounting Pronouncements (continued)

The definition of a derivative  financial instrument is complex, but in general,
it is an instrument  with one or more  underlyings,  such as an interest rate or
foreign exchange rate, that is applied to a notional  amount,  such as an amount
of currency,  to determine the settlement  amount(s).  It generally  requires no
significant initial investment and can be settled net or by delivery of an asset
that is  readily  convertible  to cash.  SFAS No.  133  applies  to  derivatives
embedded in other contracts, unless the underlying of the embedded derivative is
clearly and closely related to the host contract.

SFAS No.  133,  as amended  by SFAS No.  137,  is  effective  for  fiscal  years
beginning  after June 15, 2000. On adoption,  entities are permitted to transfer
held-to-maturity  debt securities to the  available-for-sale or trading category
without  calling into  question  their intent to hold other debt  securities  to
maturity in the future.  SFAS No. 133 is not expected to have a material  impact
on the Company's financial statements.



































                                        9


<PAGE>


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


Forward Looking Statements

In addition to historical information contained herein, the following discussion
contains  forward-looking  statements  that  involve  risks  and  uncertainties.
Economic  circumstances,  the  Company's  operations  and the  Company's  actual
results could differ  significantly from those discussed in the  forward-looking
statements.  Some  of the  factors  that  could  cause  or  contribute  to  such
differences  are  discussed  herein but also include  changes in the economy and
interest rates in the nation and the Company's market area generally.

Some of the  forward-looking  statements  included  herein  are  the  statements
regarding management's determination of the amount and adequacy of the allowance
for  losses on loans,  the  effect  of the year 2000 on  information  technology
systems and the effect of certain recent accounting pronouncements.

Financial Condition

Total assets were $107.7  million at June 30, 1999  compared to $96.1 million at
December  31, 1998,  an increase of $11.6  million or 12.1%.  This  increase was
funded  primarily from $7.0 million of additional  FHLB borrowings and growth in
deposits of $4.9 million. Cash and cash equivalents increased by $634,000,  from
$4.3 million at December  31, 1998 to $5.0 million at June 30, 1999.  The growth
in assets was reinvested in new loans.  Mortgage-backed  securities  experienced
accelerated  paybacks,  which  resulted  in a  decrease  in  the  yield  in  the
investment portfolio.  Paybacks were reinvested in investment securities and the
total amount of  investments  remained  comparable  to the total at December 31,
1998.

Net loans increased $9.2 million,  or 12.6 %, to $82.3 million at June 30, 1999.
Loan  originations  amounted to $18.2  million for the six months ended June 30,
1999, with payoffs equaling $8.9 million. Loan demand continued to be strong, as
origination volume in 1999 exceeded that of 1998 by $6.3 million, or 53.5%.

Deposits  were  $74.9  million at June 30,  1999  compared  to $70.0  million at
December 31, 1998, an increase of $4.9 million, or 7.0%, in the first six months
of 1999.  Borrowings  consisted  of $14.0  million of FHLB  advances  and a $1.3
million note payable related to an equity investment in low-income housing.

Shareholders'  equity was $16.6  million at June 30,  1999 and $16.5  million at
December 31,  1998.  The payment of  dividends  combined  with a decrease in the
market value of available for sale  securities  resulted in a decrease in equity
of $493,000. Equity was increased by $622,000 from net earnings coupled with the
effects of  amortization  of the stock  benefit  plan and the  exercise of stock
options.









                                       10


<PAGE>


Results of Operations

Comparison of the Six Months Ended June 30, 1999 and June 30, 1998

Net  earnings  for the  Company  for the six  months  ended  June 30,  1999 were
$553,000  compared  with $629,000 for six months ended June 30, 1998, a decrease
of $76,000  or12.1%.  Net interest  income  increased  $182,000  while  general,
administrative  and  other  expenses  increased  $209,000  and  taxes  decreased
$58,000.  The major  contributor to the increase in net interest  income was the
growth in the loan  portfolio  during the past twelve  months.  Loans were $82.3
million at June 30, 1999 compared to $67.1 million at June 30, 1998.
However,  the impact of such  growth was offset by a decline in the yield on the
loan portfolio.

The provision for loan losses was $81,000 for the six months ended June 30, 1999
and $18,000 for the six months ended June 30, 1998.  Additional  provisions were
made due to growth  in the loan  portfolio  coupled  with the  development  of a
commercial  loan  portfolio,  which  totaled  $5.8  million  at June  30,  1999.
Non-performing  loans  increased to $320,000,  or .39% of loans at June 30, 1999
from $315,000, or .42% of loans at December 31, 1998, substantially all of which
were comprised of one- to four-family residential properties. Loan loss reserves
amounted  to  $365,000  or .44% of  total  loans at June 30,  1999  compared  to
$285,000, or .38% at December 31, 1998.

Although  management  believes  that it uses the best  information  available in
providing  for possible  loan losses and believes that the allowance is adequate
at June 30, 1999, future adjustments to the allowance could be necessary and net
earnings could be affected if circumstances  and/or economic  conditions  differ
substantially from the assumptions used in making the initial determinations.

Total other  income  increased by $6,000,  or 4.9%,  during the six months ended
June 30,  1999,  excluding  the  effect of $50,000  pre-tax  loss from an equity
investment in a low income housing tax credit investment which is renting slower
than projected. Service charges on deposit accounts increased by $19,000.

Total general,  administrative and other expenses increased $209,000,  or 32.8%,
in the six months  ended  June 30,  1999  compared  to June 30,  1998.  Employee
compensation  and  benefits  increased  $85,000 or 23.7%  because of  additional
personnel  needed in the new facility  and the addition of a commercial  lending
department.  Data processing fees increased  $21,000,  or 41.2%, due to loan and
deposit  growth,  and occupancy  and equipment  expense  increased  $40,000,  or
111.1%, mainly because of increased  depreciation related to the purchase of new
computer equipment and the completion of a new banking facility. Other operating
expenses  increased  by  $62,000,  or  36.0%,   primarily  due  to  a  one  time
non-recurring charge of $35,000 related to deposit operations.

The  Company's  effective  tax rate for the six months  ended June 30,  1999 was
36.9% and was 37.8% for the six months ended June 30, 1998.


Results of Operations

Comparison of the Three Months Ended June 30, 1999 and June 30, 1998

Net  earnings  for the  Company  for the three  months  ended June 30, 1999 were
$271,000 compared with $325,000 for three months ended June 30, 1998, a decrease
of $54,000 or 16.6%.  Net  interest  income  increased  $89,000  while  general,
administrative  and  other  expenses  increased  $100,000  and  taxes  decreased
$46,000.  The major  contributor to the increase in net interest  income was the
growth in the loan portfolio during the past twelve months.


                                       11


<PAGE>


The  provision  for loan losses was $40,000 for the three  months ended June 30,
1999 and $9,000 for the three months ended June 30, 1998.  Additional provisions
were made due to growth in the loan portfolio  coupled with the development of a
commercial loan portfolio.

Although  management  believes  that it uses the best  information  available in
providing  for possible  loan losses and believes that the allowance is adequate
at June 30, 1999, future adjustments to the allowance could be necessary and net
earnings could be affected if circumstances  and/or economic  conditions  differ
substantially from the assumptions used in making the initial determinations.

Total other income was impacted  negatively by the  pass-through of a loss on an
equity investment as noted above; however,  service charges increased $8,000, or
33.3%.

Total general,  administrative and other expenses increased $100,000,  or 31.3%,
in the  three  months  ended  June 30,  1999  compared  to June 30,  1998.  Data
processing  fees increased  $11,000,  or 44.0%,  due to loan and deposit growth.
Occupancy and equipment expense increased $27,000, or 158.8%,  mainly because of
increased depreciation related to the purchase of new computer equipment and the
completion of a new banking facility, along with increased property tax accruals
and increases in various utility expenses. Other operating expenses increased by
$20,000,  or 23.5%,  primarily due to debit card fees and  additional  operating
charges associated with increased deposit account volume.

The  Company's  effective  tax rate for the three months ended June 30, 1999 was
35.9% and was 37.9% for the three months ended June 30, 1998.


Capital Resources

Pursuant to OTS capital regulations,  savings associations must currently meet a
1.5%  tangible  capital  requirement,  a 4%  leverage  ratio  (or core  capital)
requirement, and a total risk-based capital to risk-weighted assets ratio of 8%.
At June 30, 1999,  the Bank's  tangible  capital ratio was 15.28%,  its leverage
ratio was 15.28%, and its risk-based  capital to risk-weighted  assets ratio was
26.33%.  Therefore, the Bank's capital significantly exceeded all of the capital
requirements  currently  in effect.  The  following  table  provides the minimum
regulatory  capital  requirements  and the Bank's  capital ratios as of June 30,
1999.

Capital Standard          Required            Bank's                Excess
----------------          --------            ------                ------
Tangible (1.5%)          $1,610,000         $16,405,000           $14,795,000
Core (4.0%)               4,294,000          16,405,000            12,111,000
Risk-based (8.0%)         5,095,000          16,770,000            11,675,000

Liquidity

The standard measure of liquidity for savings  associations is the ratio of cash
and eligible  investments to a certain  percentage of net  withdrawable  savings
accounts  and  borrowings  due within one year.  The minimum  required  ratio is
currently  set by the Office of Thrift  Supervision  at 4%. At June 30, 1999 the
Bank's regulatory liquidity ratio was 30.51%.






                                       12


<PAGE>


Year 2000 Compliance Matters

As with all  providers of  financial  services,  the  Company's  operations  are
heavily dependent on information  technology systems. The Bank is addressing the
potential  problems  associated  with the  possibility  that the computers  that
control or operate the Bank's information  technology systems and infrastructure
may not be  programmed  to read  four-digit  date codes and, upon arrival of the
year 2000,  may  recognize  the  two-digit  code "00" as the year 1900,  causing
systems to fail to function or to generate  erroneous  data. The Bank is working
with the companies that supply or service its information  technology systems to
identify and remedy any year 2000 related problems.

Management and the Board of Directors recognize and understand year 2000 ("Y2K")
risks, are active in overseeing  corrective  efforts,  and are ensuring that all
necessary  resources  are  available  to address  the  problem.  The  awareness,
assessment,  and  testing  phases  of the  Company's  year  2000  plan have been
completed.  The  Company's  business and its Y2K  readiness are dependent on the
readiness of its vendors.  The Company is currently preparing a contingency plan
and continuing testing to validate its readiness.  The Company's data processing
is performed primarily by a third party servicer. The Company also uses software
and hardware  which are covered under  maintenance  agreements  with third party
vendors.  The Company has contacted  each vendor to request time tables for such
vendor's year 2000 compliance and the expected costs, if any, to be passed along
to the Company.  The Company has been informed that its primary service provider
is on schedule and testing has been completed.

The Company has replaced or upgraded all equipment to be year 2000  compliant at
a cost of less than $45,000.  As of June 30, 1999,  management  has developed an
estimate of expenses  that are  reasonably  likely to be incurred by the Bank in
connection with the Y2K issue; however, the Company does not expect to incur any
significant  additional expenses to implement necessary corrective measures, and
additional  costs  related to the Y2K issues are not expected to have a material
impact on the Company's 1999 financial statements.

Should the Company's data center become unable to provide the necessary services
upon arrival of the year 2000, the Company has developed a contingency  plan and
will have the capability to account for transactions on a manual basis until the
data center returns to normal  operations.  Additional testing of this plan will
continue in the third quarter of 1999.

In addition  to possible  expenses  related to its own  systems,  the Bank could
incur losses if loan  payments are delayed due to year 2000  problems  affecting
any major  borrowers in the Bank's primary market area.  Because the Bank's loan
portfolio is highly diversified with regard to individual borrowers and types of
businesses,  and the Bank's primary market areas are not significantly dependent
upon any one employer or industry,  the Bank does not expect any  significant or
prolonged difficulties that will affect net earnings or cash flow.












                                       13


<PAGE>


Item 3.  Quantitative and Qualitative Disclosures About Market Risk


The Bank, like other savings  associations,  is subject to interest rate risk to
the degree that its interest-bearing liabilities,  primarily deposits with short
and  medium-term  maturities,  mature or  reprice  at  different  rates than its
interest-earning  assets.  Management  of the Bank  believes  it is  critical to
manage the relationship  between interest rates and the effect on the Bank's net
portfolio value ("NPV").  Generally,  NPV is the discounted present value of the
difference between incoming cash flows on interest-earning  and other assets and
outgoing cash flows on  interest-bearing  liabilities.  Management of the Bank's
assets and liabilities is done within the context of the marketplace, regulatory
limitations  and within  limits  established  by the Board of  Directors  on the
amount of change in NPV which is acceptable given certain interest rate changes.

The Office of Thrift Supervision ("OTS") issued a regulation,  effective January
1, 1994, which uses a net market value  methodology to measure the interest rate
risk exposure of thrift  institutions.  Under OTS regulations,  an institution's
"normal"  level of  interest  rate  risk in the  event of an  assumed  change in
interest  rates,  is a  decrease  in  the  institution's  NPV in an  amount  not
exceeding 2% of the present value of its assets.  Thrift  institutions with over
$300 million in assets or less than a 12% risk-based  capital ratio are required
to file OTS Schedule CMR. Data from schedule CMR is used by the OTS to calculate
changes in NPV and the related  "normal"  level of interest rate risk based upon
certain interest rate changes (discussed below).  Institutions which do not meet
either of the filing requirements are not required to file OTS Schedule CMR, but
may do so  voluntarily.  The  Bank  does  not  currently  meet  either  of these
requirements,  but it does voluntarily file Schedule CMR. Presented below, as of
March 31, 1999, the latest  available date, is an analysis  performed by the OTS
of the Bank's interest rate risk as measured by changes in NPV for instantaneous
and sustained parallel shifts in the yield curve, in 100 basis point increments,
up and down  300  basis  points  and in  accordance  with  OTS  regulations.  As
illustrated in the table,  the Bank's NPV is more sensitive to rising rates than
declining  rates.  This occurs  principally  because,  as rates rise, the market
value of the Bank's investments,  adjustable-rate  mortgage loans (many of which
have maximum per year adjustments of 1%),  fixed-rate loans and  mortgage-backed
securities  declines due to the rate increase.  The value of the Bank's deposits
and borrowings change in approximately the same proportion in rising and falling
rate scenarios.
<TABLE>
<CAPTION>


Change                            Net Portfolio Value         NPV as % of PV of Assets
In Rates       $ Amount        $ Change       % Change         NPV Ratio        Change
--------       --------        --------       --------         ---------        ------
                                (Dollars in thousands)
<S>                <C>             <C>           <C>             <C>               <C>
+300bp           14,054          -3,959         -22%            14.72%           -312bp
+200bp           15,731          -2,283         -13%            16.12%           -173bp
+100bp           17,080            -933          -5%            17.17%            -67bp
   0bp           18,013               -           -             17.85%                -
- 100bp          18,725             712          +4%            18.31%            +47bp
- 200bp          19,529           1,515          +8%            18.84%            +99bp
- 300bp          20,681           2,668         +15%            19.60%           +176bp

</TABLE>

Interest Rate Risk Measures: 200 Basis Point (bp) Rate Shock
Pre-shock NPV Ratio: NPV as % of PV of Assets        17.85%
Exposure Measure: Post-Shock NPV Ratio               16.12%
Sensitivity Measure: Change in NPV Ratio             173bp



                                       14


<PAGE>


As with any method of measuring  interest rate risk,  certain  shortcomings  are
inherent  in the  method of  analysis  presented  in the  foregoing  table.  For
example,  although certain assets and liabilities may have similar maturities or
periods to repricing,  they may react in different  degrees to changes in market
interest  rates.  Also,  the  interest  rates on  certain  types of  assets  and
liabilities may fluctuate in advance of changes in market interest rates,  while
interest  rates  on  other  types  may  lag  behind  changes  in  market  rates.
Additionally, certain assets, such as adjustable-rate loans, have features which
restrict  changes in interest  rates on a short-term  basis and over the life of
the asset.  Further, in the event of a change in interest rates,  expected rates
of prepayments on loans and early  withdrawals  from  certificates  could likely
deviate significantly from those assumed in calculating the table.











































                                       15


<PAGE>


Part II.  OTHER INFORMATION
Item 1.  Legal Proceedings

Neither the Bank nor the Company were, during the three-month  period ended June
30, 1999,  or are as of the date hereof  involved in any legal  proceeding  of a
material  nature.  From time to time,  the Bank is a party to legal  proceedings
wherein it enforces its security  interests in connection  with its mortgage and
other loans.

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

On April 13, 1999 , the Company held its 1999 annual meeting of shareholders.  A
total of 923,296 shares,  or 77.02% of the Company's  shares  outstanding,  were
represented at the meeting either in person or by proxy.

Three  directors were nominated by the Company's Board of Directors to serve new
three year terms. One director was nominated to serve for a two year term. These
nominees, and the voting results for each are listed below.
<TABLE>
<CAPTION>

                                                 For         Withheld       Abstentions      Broker Nonvotes
<S>                                              <C>             <C>           <C>                  <C>
Charles J. Evans (three yr. term)              906,046         17,250           0                    0
David G. Wihebrink (three yr. term)            906,046         17,250           0                    0
Thomas G. Williams (three yr. term)            906,046         17,250           0                    0
Brian Morrill (two yr. term)                   888,916         34,380           0                    0
</TABLE>

The other  directors  continuing  in office  are  Norbert E.  Adrian,  Donald G.
Pollit, Susanne S. Ridlen and William Tincher, Jr.

The Board of Directors  also  recommended  the  ratification  of the  Logansport
Financial  Corp.  1999 Stock Option Plan. The plan was ratified by  shareholders
and the voting results are listed below.

     For                      Against                             Abstain

    564,356                    52,035                               9,650

Item 6.  Exhibits and Reports on Form 8-K

         (a)      Exhibits.

         The following exhibits are attached to this report on Form 10-Q:

               3.1  The  Articles  of   Incorporation   of  the  Registrant  are
                    incorporated by reference to Exhibit 3.1 to the Registration
                    Statement on Form S-1 (Registration No. 33-89788).

               3.2  The Code of By-Laws of the  Registrant  is  incorporated  by
                    reference  to  Exhibit  3.2 to the Form 10-Q for the  period
                    ended June 30, 1997, filed with the Commission on August 13,
                    1997.

               27   Financial  Data Schedule for the six month period ended June
                    30, 1999.

         (b)      Reports on Form 8-K
                    The  Registrant  filed no  reports on Form 8-K during
                    the fiscal quarter ended June 30, 1999.



                                       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 behalf of the
undersigned thereto duly authorized.

                                          Logansport Financial Corp.



Date:  August 12, 1999                     By:/s/ Thomas G. Williams
                                              Thomas G. Williams, President and
                                              Chief Executive Officer


Date:  August 12, 1999                     By:/s/ Dottye Robeson
                                              Dottye Robeson, Secretary and
                                              Treasurer



































                                       17