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
         MARCH 31, 2000 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
May 1, 2000 was 1,083,510.



                                      -1-
<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 March 31, 2000
           and December 31, 1999

           Consolidated Statements of Earnings
           for the three months ended March 31,
           2000 and 1999

           Consolidated  Statements of Shareholders'
           Equity for the three months ended
           March 31, 2000 and 1999

           Consolidated  Statements  of Cash  Flows
           for the three  months  ended
           March 31, 2000 and 1999

           Notes to Consolidated Condensed 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       13

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings                                               15

Item 6.    Exhibits and Reports of Form 8-K                                15

SIGNATURES






                                      -2-
<PAGE>


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

                                                                                 March 31,        December 31,
                                                                                      2000                1999
<S>                                                                                  <C>                 <C>
         ASSETS

Cash and due from banks                                                           $    779            $  1,336
Interest-bearing deposits in other financial institutions                            7,937               3,810
                                                                                   -------             -------
         Cash and cash equivalents                                                   8,716               5,146

Investment securities available for sale-at market                                  10,290               8,539
Mortgage-backed securities available for sale-at market                              5,646               5,898
Loans receivable-net                                                                93,482              90,900
Office premises and equipment-at depreciated cost                                    1,897               1,902
Federal Home Loan Bank stock - at cost                                               1,423               1,273
Investment in real estate partnership                                                1,480               1,485
Accrued interest receivable on loans                                                   400                 416
Accrued interest receivable on mortgage-backed securities                               45                  47
Accrued interest receivable on investments                                             177                 115
Prepaid expenses and other assets                                                       34                  45
Cash surrender value of life insurance                                               1,195               1,184
Prepaid income tax                                                                      -                   46
Deferred income tax asset                                                              474                 472
                                                                                   -------             -------

         Total assets                                                             $125,259            $117,468
                                                                                   =======             =======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                          $ 81,048            $ 76,011
Advances from the Federal Home Loan Bank                                            26,000              23,000
Notes payable 1,237                                                                  1,307
Accrued interest and other liabilities                                               1,019               1,004
Accrued income taxes                                                                    65                  -
                                                                                   -------             -------
         Total liabilities                                                         109,369             101,322

Shareholders' equity
  Common stock                                                                       5,515               5,979
  Retained earnings-restricted                                                      10,922              10,734
  Less shares acquired by stock benefit plan                                          (205)               (239)
  Accumulated comprehensive loss, unrealized losses on securities designated
    As available for sale, net of related tax effects                                 (342)               (328)
                                                                                   -------             -------
         Total shareholders' equity                                                 15,890              16,146
                                                                                   -------             -------

         Total liabilities and shareholders' equity                               $125,259            $117,468
                                                                                   =======             =======
</TABLE>





                                      -3-
<PAGE>


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

                                                                                          Three months ended
                                                                                               March 31,
                                                                                         2000             1999
<S>                                                                                      <C>              <C>
Interest income
  Loans                                                                                $1,865           $1,486
  Mortgage-backed securities                                                               98              112
  Investment securities                                                                   163               73
  Interest-bearing deposits and other                                                      83               59
                                                                                        -----            -----
         Total interest income                                                          2,209            1,730

Interest expense
  Deposits                                                                                909              773
  Borrowings                                                                              334              102
                                                                                        -----            -----
         Total interest expense                                                         1,243              875
                                                                                        -----            -----

         Net interest income                                                              966              855

Provision for losses on loans                                                              71               41
                                                                                        -----            -----
  Net interest income after provision for
    losses on loans                                                                       895              814

Other income
  Service charges on deposit accounts                                                      32               30
  Loss on equity investment                                                               (26)              -
  Other operating                                                                          44               36
                                                                                        -----            -----
         Total other income                                                                50               66

General, administrative and other expense
  Employee compensation and benefits                                                      296              219
  Occupancy and equipment                                                                  45               32
  Federal deposit insurance premiums                                                        4               10
  Data processing                                                                          39               36
  Other operating                                                                         103              129
                                                                                        -----            -----
         Total general, administrative and other expense                                  487              426
                                                                                        -----            -----

Earnings before income taxes                                                              458              454
Income tax expense                                                                        151              172
                                                                                        -----            -----

NET EARNINGS                                                                           $  307           $  282
                                                                                        =====            =====

Other comprehensive loss, net of tax
  unrealized losses on securities                                                         (14)             (65)
                                                                                        -----            -----

COMPREHENSIVE INCOME                                                                   $  293           $  217
                                                                                        =====            =====

EARNINGS PER SHARE
Basic (based on net earnings)                                                           $0.28            $0.24
                                                                                         ====             ====

Diluted (based on net earnings)                                                         $0.28            $0.23
                                                                                         ====             ====
</TABLE>




                                      -4-
<PAGE>


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

                                                                                         Three months ended
                                                                                              March 31,
                                                                                      2000                1999
<S>                                                                                  <C>                 <C>
Balance at January 1                                                               $16,146             $16,488

Purchase of shares                                                                    (464)                 -

Amortization of stock benefit plan                                                      34                  33

Cash dividends of $.11 per share in 2000 and $.11 in 1999                             (119)               (132)

Unrealized losses on securities designated as
  available for sale, net of related tax effects                                       (14)                (65)

Net earnings                                                                           307                 282
                                                                                    ------              ------

Balance at March 31                                                                $15,890             $16,606
                                                                                    ======              ======

Accumulated other comprehensive income (losses)                                    $  (342)            $    90
                                                                                    ======              ======
</TABLE>



































                                      -5-


<PAGE>


                           LOGANSPORT FINANCIAL CORP.
<TABLE>
<CAPTION>
                      Consolidated Statements of Cash Flows
                                 (In thousands)

                                                                                          Three months ended
                                                                                               March 31,
                                                                                      2000                1999
<S>                                                                                  <C>                  <C>
Cash flows from operating activities:
  Net earnings for the period                                                      $   307              $  282
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Depreciation and amortization                                                       27                  14
    Amortization of premiums on investments and
       mortgage-backed securities                                                       12                  34
    Amortization expense of stock benefit plan                                          34                  33
    Provision for losses on loans                                                       71                  41
    Loss on equity investment                                                           26                  -
    Increase (decrease) in cash, due to changes in:
      Accrued interest receivable on loans                                              16                   2
  Accrued interest receivable on mortgage-backed securities                              2                   9
  Accrued interest receivable on investments                                           (62)                (30)
  Prepaid expenses and other assets                                                     11                  (5)
  Accrued interest and other liabilities                                                15                (230)
  Federal income taxes
    Current                                                                            111                 121
    Deferred                                                                             6                  -
                                                                                    ------               -----
         Net cash provided by operating activities                                     576                 271

Cash flows provided by (used in) investing activities:
Purchase of investment securities                                                   (1,779)               (800)
Maturities/calls of investment securities                                               -                  100
Purchase of Federal Home Loan Bank stock                                              (150)                (56)
Principal repayments on mortgage-backed securities                                     246                 655
Loan disbursements                                                                 (10,832)             (8,744)
Investment in real estate partnership                                                  (21)                (21)
Principal repayments on loans                                                        8,179               5,350
Purchases and additions to office premises and equipment                               (22)               (287)
Increase in cash surrender value of life insurance policy                              (11)                (11)
                                                                                    ------               -----
         Net cash used in investing activities                                      (4,390)             (3,814)

</TABLE>











                                      -6-
<PAGE>


                           LOGANSPORT FINANCIAL CORP.
<TABLE>
<CAPTION>
                      Consolidated Statements of Cash Flows
                                 (In thousands)

                                                                                         Three months ended
                                                                                            March 31,
                                                                                      2000                1999
<S>                                                                                  <C>                  <C>
Cash provided by (used in) financing activities:
  Net increase in deposit accounts                                                  $5,037              $  822
  Proceeds from Federal Home Loan Bank advances                                      5,000               3,000
  Repayment of Federal Home Loan Bank advances                                      (2,000)                 -
  Repayment of note payable                                                            (70)                (68)
  Purchase of shares                                                                  (464)                 -
  Dividends on common stock                                                           (119)               (132)
                                                                                     -----               -----
         Net cash provided by financing activities                                   7,384               3,622
                                                                                     -----               -----

Net increase in cash and cash equivalents                                            3,570                  79

Cash and cash equivalents, beginning of period                                       5,146               4,328
                                                                                     -----               -----

Cash and cash equivalents, end of period                                            $8,716              $4,407
                                                                                     =====               =====


Supplemental disclosure of cash flow information:
  Cash paid during the year for:
    Interest on deposits and borrowings                                             $1,210              $  865
                                                                                     =====               =====

    Income taxes                                                                    $   35              $   50
                                                                                     =====               =====

    Dividends payable at end of period                                              $  119              $  132
                                                                                     =====               =====

</TABLE>



















                                      -7-
<PAGE>


              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



NOTE A:  Basis of Presentation

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

The unaudited  interim  consolidated  condensed  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, 1999.  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 March 31, 2000,  results of  operations  for the three month periods ended
March 31, 2000 and 1999 and cash flows for the three month  periods  ended March
31, 2000 and 1999.


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 1,112,829 and 1,198,710 for the three month periods ended March 31, 2000
and 1999,  respectively.  Diluted  earnings  per share is  computed  taking into
consideration  common shares  outstanding and dilutive  potential  common shares
issued under the  Company's  stock option plan.  Weighted-average  common shares
deemed  outstanding for purposes of computing diluted earnings per share totaled
1,112,829  and  1,223,706  for the three  months  ended March 31, 2000 and 1999,
respectively.

Incremental  shares related to the assumed exercise of stock options included in
the computation of diluted earnings per share totaled 24,996 for the three month
period ended March 31, 1999.  Options to purchase 125,915 shares of common stock
with a  weighted-average  exercise price of $10.59 were outstanding at March 31,
2000, but were excluded from the computation of common share equivalents because
their  exercise  prices were greater than the average market price of the common
shares.

A cash dividend of $.11 per common share was declared on March 1, 2000,  payable
on April 10, 2000, to stockholders of record as of March 20, 2000.










                                      -8-
<PAGE>


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.

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 position or results of operations.

The  foregoing  discussion  of the effects of recent  accounting  pronouncements
contains  forward-looking  statements  that  involve  risks  and  uncertainties.
Changes in economic  circumstances  or interest rates could cause the effects of
the accounting pronouncements to differ from management's foregoing assessment.


















                                      -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 and the effect of certain recent accounting pronouncements.

Financial Condition

Total assets were $125.3 million at March 31, 2000 compared to $117.5 million at
December 31, 1999, an increase of $7.8 million or 6.6%. This increase was funded
from an  additional  $3.0  million FHLB advance and a growth in deposits of $5.0
million.  Cash and cash equivalents  increased  approximately $3.6 million, from
$5.1 million at December  31, 1999 to $8.7  million at March 31, 2000.  Cash and
cash  equivalents  were high at March 31, 2000 in anticipation of repayment of a
$3.0 million FHLB advance due in early April.  Funding to repay this advance was
obtained in late March in order to secure a lower rate. The growth in assets was
reinvested  in  loans  which  increased  by  $2.6  million  and  investment  and
mortgage-backed securities which increased by $1.5 million.

Net loans  increased $2.6 million,  or 2.8%,  from $90.9 million at December 31,
1999 to $93.5  million  at March  31,  2000.  The  increase  resulted  from loan
originations  of $10.8 million for the quarter,  which were partially  offset by
principal repayments of $8.2 million.

Deposits  were $81.0  million at March 31,  2000  compared  to $76.0  million at
December  31,  1999,  an increase of $5.0  million in the first three  months of
2000.  Borrowings consisted of $26.0 million of FHLB advances and a $1.2 million
note payable related to an equity investment in low income housing.

Shareholders'  equity was $15.9  million at March 31, 2000 and $16.1  million at
December  31,  1999.  The  payment of  dividends,  repurchase  of stock,  and an
increase in the unrealized  loss on securities  available for sale resulted in a
decrease in equity of approximately  $200,000.  Equity was increased by earnings
and the amortization of the stock benefit plan.





                                      -10-
<PAGE>



Results of Operations

Comparison of the Three Months Ended March 31, 2000  and March 31, 1999

Net  earnings  for the Company for the three months ended March 31, 2000 totaled
$307,000  compared with $282,000 for three months ended March 31, 1999. This was
an increase of $25,000 or 8.9%.  Net interest  income  increased  $111,000 while
general,  administrative and other expense increased $61,000 and taxes decreased
$21,000 due to the  availability  of low income  housing tax credits.  The major
contributor  to the increase in net  interest  income was the growth in the loan
portfolio the past calendar year.  Loans totaled $93.5 million at March 31, 2000
compared to $76.4 million at March 31, 1999. However,  the impact of such growth
was partially offset by a corresponding  increase in deposits and advances and a
decrease in the net interest margin.

The  provision  for loan losses was $71,000 for the three months ended March 31,
2000 and $41,000 for the three months ended March 31, 1999. No  properties  were
in real  estate  owned for the quarter  ended March 31, 2000 or March 31,  1999.
Non-performing  loans  decreased to $304,000 or 0.32% of loans at March 31, 2000
from  $666,000,  or 0.72% of loans at  December  31,  1999.  Loan loss  reserves
amounted  to  $510,000  or .54% of total  loans at March 31,  2000  compared  to
$440,000 or 0.47% at December 31, 1999.

Other  income  amounted to $50,000 for the three  months ended March 31, 2000, a
decrease of $16,000, or 24.2%, from the comparable quarter in 1999. The decrease
was due primarily to a $26,000  pre-tax loss from an equity  investment in a low
income  housing  tax credit  investment.  Service  charges  on deposit  accounts
increased by $2,000 and other operating income increased by $8,000.

Total general,  administrative  and other expense  increased $61,000 or 14.3% in
the  period  ending  March  31,  2000  compared  to  March  31,  1999.  Employee
compensation  and benefits  increased  $77,000,  or 35.2%, as a result of salary
increases and additional  personnel compared to a year ago and a one time charge
of $38,000 due to the retirement of personnel.  Data  processing  fees increased
$3,000,  or 8.3%,  due to loan and deposit  growth and  occupancy  and equipment
expense  increased  $13,000,  or 40.6%, due primarily to increased  depreciation
related to the purchase of new equipment  and the  completion of the new banking
facility.  Other operating expenses decreased $26,000, or 20.2%, compared to the
quarter  ended  March 31,  1999,  which had a one time  non-recurring  charge of
$35,000 related to deposit  operations.  This charge was partially  recovered in
the fourth quarter of 1999.

The  Company's  effective tax rate for the three months ended March 31, 2000 was
33.0% and was 37.9% for the three months ending March 31, 1999.








                                      -11-
<PAGE>


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 total risk-based capital to risk-weighted  assets ratio of 8%.
At March 31, 2000, the Bank's  tangible  capital ratio was 12.37%,  its leverage
ratio was 12.37%, and its risk-based  capital to risk-weighted  assets ratio was
21.27%.  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 March 31,
2000.

Capital Standard          Required            Bank's               Excess
----------------          --------            ------               ------
Tangible (1.5%)          $1,880,000        $15,503,000          $13,623,000
Core (4.0%)               5,013,000         15,503,000           10,490,000
Risk-based (8.0%)         6,022,000         16,013,000            9,991,000

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 March 31, 2000 the
Bank's regulatory liquidity ratio was 23.2%.

























                                      -12-
<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
December 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            $11,061     $(5,372)         (33)%            10.08%         -391bp
+200bp             13,080      (3,352)         (20)%            11.63%         -236bp
+100bp             14,924      (1,509)          (9)%            12.96%        - 103bp
   0bp             16,433                                       13.99%
-100bp             17,344         912            6%             14.54%         + 55bp
-200bp             17,694       1,261            8%             14.67%          +69bp
-300bp             18,067       1,634           10%             14.82%          +83bp
</TABLE>






                                      -13-
<PAGE>


Interest Rate Risk Measures: 200 Basis Point (bp) Rate Shock

Pre-shock NPV Ratio: NPV as % of PV of Assets                 13.99 %
Exposure Measure: Post-Shock NPV Ratio                        11.63 %
Sensitivity Measure: Change in NPV Ratio                      (236 bp)

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.


























                                      -14-
<PAGE>


Part II.  OTHER INFORMATION

Item 1.  Legal Proceedings

Neither the Bank nor the Company were, during the three-month period ended March
31, 2000,  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 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.

               27.1 Financial  Data  Schedule  for the three month  period ended
                    March 31, 2000.

         (b)      Reports on Form 8-K.

         The  Registrant  filed one report on Form 8-K during the fiscal quarter
         ended March 31, 2000.  The Form 8-K was filed on January 28, 2000,  and
         reported  the   retirement  of  Mr.   Williams  as  president  and  the
         appointment of Mr. Wihebrink as his successor.















                                      -15-
<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:    May 11, 2000                     By: /s/ David G. Wihebrink
     -----------------------                  ----------------------
                                              David G. Wihebrink, President and
                                              Chief Executive Officer


Date:   May 11, 2000                      By: /s/ Dottye Robeson
     -----------------------                  ------------------
                                              Dottye Robeson, Secretary and
                                              Treasurer





























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