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 SEPTEMBER 30, 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
November 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 September 30, 2000
           and December 31, 1999

           Consolidated Statements of Earnings
           for the three and nine months ended September 30,
           2000 and 1999

           Consolidated Statements of Shareholders'
            Equity for the nine months ended
            September 30, 2000 and 1999

           Consolidated Statements of Cash Flows
           for the nine months ended
           September 30, 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       14

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings                                               16


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

SIGNATURES








                                       -2-
<PAGE>


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


                                                                             September 30,        December 31,
         ASSETS                                                                       2000                1999
<S>                                                                                  <C>                 <C>
Cash and due from banks                                                           $    746            $  1,336
Interest-bearing deposits in other financial institutions                            4,141               3,810
                                                                                   -------             -------
         Cash and cash equivalents                                                   4,887               5,146

Investment securities available for sale-at market                                   9,911               8,539
Mortgage-backed securities available for sale-at market                              5,263               5,898
Loans receivable-net                                                               100,848              90,900
Office premises and equipment-at depreciated cost                                    1,860               1,902
Federal Home Loan Bank stock - at cost                                               1,773               1,273
Investment in real estate partnership                                                1,350               1,485
Accrued interest receivable on loans                                                   543                 416
Accrued interest receivable on mortgage-backed securities                               43                  47
Accrued interest receivable on investments                                             166                 115
Prepaid expenses and other assets                                                       60                  45
Cash surrender value of life insurance                                               1,216               1,184
Prepaid income tax                                                                     184                  46
Deferred income tax asset                                                              390                 472
                                                                                   -------             -------

         Total assets                                                             $128,494            $117,468
                                                                                   =======             =======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                          $ 77,054            $ 76,011
Advances from the Federal Home Loan Bank                                            33,000              23,000
Notes payable 1,237                                                                  1,307
Accrued interest and other liabilities                                                 704               1,004
                                                                                   -------             -------
         Total liabilities                                                         111,995             101,322

Shareholders' equity
  Common stock                                                                       5,515               5,979
  Retained earnings-restricted                                                      11,337              10,734
  Less shares acquired by stock benefit plan                                          (137)               (239)
  Accumulated comprehensive loss, unrealized losses on securities designated
    as available for sale, net of related tax effects                                 (216)               (328)
                                                                                   -------             -------
         Total shareholders' equity                                                 16,499              16,146
                                                                                   -------             -------

         Total liabilities and shareholders' equity                               $128,494            $117,468
                                                                                   =======             =======
</TABLE>






                                      -3-
<PAGE>


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

                                                                       Three months ended            Nine months ended
                                                                         September 30,                  September 30,
                                                                     2000             1999            2000         1999
<S>                                                                  <C>             <C>              <C>          <C>
Interest income
  Loans                                                            $2,075           $1,658          $5,894       $4,707
  Mortgage-backed securities                                           95               96             289          316
  Investment securities                                               165              122             515          285
  Interest-bearing deposits and other                                 118               69             307          188
                                                                    -----            -----           -----        -----
         Total interest income                                      2,453            1,945           7,005        5,496

Interest expense
  Deposits                                                            984              860           2,903        2,432
  Borrowings                                                          446              200           1,138          453
                                                                    -----            -----           -----        -----
         Total interest expense                                     1,430            1,060           4,041        2,885
                                                                    -----            -----           -----        -----

         Net interest income                                        1,023              885           2,964        2,611
Provision for losses on loans                                          71               41             212          122
                                                                    -----            -----           -----        -----
         Net interest income after provision for
           losses on loans                                            952              844           2,752        2,489

Other income (loss)
  Service charges on deposit accounts                                  43               40             117          102
  Loss on sale of investments and mortgage-backed securities          (16)              -              (16)          -
  Loss on equity investment                                           (85)             (36)           (171)         (86)
  Other operating                                                      50               40             161          106
                                                                    -----            -----           -----        -----
         Total other income (loss)                                     (8)              44              91          122

General, administrative and other expense
  Employee compensation and benefits                                  289              222             881          666
  Occupancy and equipment                                              53               41             143          117
  Federal deposit insurance premiums                                    4               10              12           30
  Data processing                                                      44               38             121          110
  Other operating                                                     100               86             315          320
                                                                    -----            -----           -----        -----
         Total general, administrative and other expense              490              397           1,472        1,243
                                                                    -----            -----           -----        -----

         Earnings before income taxes                                 454              491           1,371        1,368
Income tax expense                                                    124              173             411          497
                                                                    -----            -----           -----        -----

         NET EARNINGS                                              $  330           $  318          $  960       $  871
                                                                    =====            =====           =====        =====
Other comprehensive income, net of tax
  unrealized gains (losses) on securities, net of tax              $  185           $ (132)         $  123       $ (362)
Reclassification adjustment for realized gains included in
  earnings, net of tax of $5                                          (11)              -              (11)          -
                                                                    -----            -----           -----        -----
COMPREHENSIVE INCOME                                               $  504           $  186          $1,072       $  509
                                                                    =====            =====           =====        =====
EARNINGS PER SHARE
  Basic (based on net earnings)                                      $.30             $.27            $.88         $.73
                                                                      ===              ===             ===          ===
  Diluted (based on net earnings)                                    $.30             $.27            $.88         $.72
                                                                      ===              ===             ===          ===

</TABLE>




                                      -4-

<PAGE>


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

                                                                                    Nine months ended
                                                                                     September 30,
                                                                                2000                  1999
<S>                                                                            <C>                    <C>
Balance at January 1                                                         $16,146               $16,488

Issuance of shares under stock option plan                                         -                     5

Amortization of stock benefit plan                                               102                    96

Purchase of shares                                                              (464)                   -

Cash dividends of $.33 per share                                                (357)                 (395)

Unrealized gains (losses) on securities designated as
available for sale, net of related tax effects                                   112                  (362)

Net earnings                                                                     960                   871
                                                                              ------                ------

Balance at September 30                                                      $16,499               $16,703
                                                                              ======                ======

Accumulated other comprehensive income                                       $  (216)              $  (207)
                                                                              ======                ======
</TABLE>

























                                      -5-
<PAGE>


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

                                                                                                  Nine months ended
                                                                                                   September 30,
                                                                                             2000                  1999
<S>                                                                                         <C>                     <C>
Cash flows from operating activities:
  Net earnings for the period                                                             $   960               $   871
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Depreciation and amortization                                                              80                    59
    Amortization of premiums on investments and
      mortgage-backed securities                                                               21                    85
    Amortization expense of stock benefit plan                                                102                    96
    Loss on sale of investments and mortgage-backed securities                                 16                    -
    Provision for losses on loans                                                             212                   122
    Loss of equity investment                                                                 171                    86
    Increase (decrease) in cash, due to changes in:
      Accrued interest receivable on loans                                                   (127)                  (80)
      Accrued interest receivable on mortgage-backed securities                                 4                    14
      Accrued interest receivable on investments                                              (51)                  (68)
      Prepaid expenses and other assets                                                       (15)                   (6)
      Accrued interest and other liabilities                                                 (300)                 (235)
      Federal income taxes
        Current                                                                              (138)                  (81)
        Deferred                                                                               25                    20
                                                                                           ------                ------
         Net cash provided by operating activities                                            960                   883

Cash flows provided by (used in) investing activities:
  Proceeds from sale of investment securities designated as available for sale              1,914                    -
  Purchase of investment securities                                                        (3,970)               (4,020)
  Maturities/calls of investment securities                                                   800                   375
  Purchase of Federal Home Loan Bank stock                                                   (500)                 (456)
  Principal repayments on mortgage-backed securities                                          651                 1,681
  Loan disbursements                                                                      (39,009)              (31,653)
  Investment in real estate partnership                                                       (36)                  (32)
  Principal repayments on loans                                                            28,849                17,562
  Purchases and additions to office premises and equipment                                    (38)                 (445)
  Increase in cash surrender value of life insurance policy                                   (32)                  (32)
                                                                                           ------                ------
         Net cash used in investing activities                                            (11,371)              (17,020)
                                                                                           ------                ------
</TABLE>









                                      -6-
<PAGE>


                           LOGANSPORT FINANCIAL CORP.
<TABLE>
<CAPTION>
                      Consolidated Statements of Cash Flows
                                   (Unaudited)
                                 (In thousands)
                                                                                                Nine months ended
                                                                                                   September 30,
                                                                                             2000                  1999
<S>                                                                                         <C>                    <C>
Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                        $ 1,043               $ 6,808
  Proceeds from Federal Home Loan Bank advances                                            24,000                24,000
  Repayment of Federal Home Loan Bank advances                                            (14,000)              (13,000)
  Repayment of note payable                                                                   (70)                  (68)
  Proceeds from the exercise of stock options                                                  -                      5
  Purchase of shares                                                                         (464)                   -
  Dividends on common stock                                                                  (357)                 (395)
                                                                                           ------                ------
         Net cash provided by financing activities                                         10,152                17,350
                                                                                           ------                ------

Net increase (decrease) in cash and cash equivalents                                         (259)                1,213

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

Cash and cash equivalents, end of period                                                  $ 4,887               $ 5,541
                                                                                           ======                ======


Supplemental disclosure of cash flow information:
  Cash paid during the year for:
    Interest on deposits and borrowings                                                   $ 4,021               $ 2,872
                                                                                           ======                ======

    Income taxes                                                                          $   526               $   559
                                                                                           ======                ======

    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 September  30, 2000,  results of  operations  for the three and nine month
periods  ended  September  30,  2000 and 1999 and cash  flows for the nine month
periods ended September 30, 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  1,093,247 and 1,199,005 for the nine month periods ended  September 30,
2000 and 1999,  respectively  and  1,083,510  and  1,199,210 for the three month
periods ended September 30, 2000 and 1999,  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  1,093,247 and 1,213,148 for the
nine months ended September 30, 2000 and 1999,  respectively,  and 1,087,538 and
1,202,566 for the three months ended September 30, 2000 and 1999, respectively.

Incremental  shares related to the assumed exercise of stock options included in
the computation of diluted  earnings per share totaled 14,143 for the nine month
period ended September 30, 1999, and 4,028 and 3,356 for the three month periods
ended September 30, 2000 and 1999, respectively.

A cash  dividend  of $.11 per common  share was  declared  on August 30,  2000 ,
payable on October 10, 2000, to stockholders of record as of September 20, 2000.


NOTE C: Recent Accounting Pronouncements

In September 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>


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 position or results of operations.

In September  2000 the FASB issued SFAS No. 140,  "Accounting  for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities," which revises
the  standards  for  accounting  for  securitizations  and  other  transfers  of
financial  assets and collateral and requires certain  disclosures,  but carries
over most of the  provisions of SFAS No. 125 without  reconsideration.  SFAS No.
140  is  effective  for   transfers  and  servicing  of  financial   assets  and
extinguishments of liabilities  occurring after March 31, 2001. The Statement is
effective for recognition and reclassification of collateral and for disclosures
relating to  securitization  transactions and collateral for fiscal years ending
after December 15, 2000.  SFAS No. 140 is not expected to have a material effect
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 loan losses and the effect of recent accounting pronouncements.

Discussion  of Financial  Condition  Changes from December 31, 1999 to September
30, 2000

The  Corporation  reported total assets of $128.5 million at September 30, 2000,
compared to $117.5  million at December 31, 1999, an increase of $11.0  million,
or 9.4%.  This  increase  was funded from an  additional  $10.0  million in FHLB
advances  and growth in  deposits  of $1.0  million.  Cash and cash  equivalents
decreased by  approximately  $259,000 from $5.1 million at December 31, 1999, to
$4.9  million  at  September  30,  2000.  The  growth in assets  was  reinvested
primarily  in  loans  which   increased  by  $9.9  million  and  investment  and
mortgage-backed securities which increased by $737,000.

Net loans  increased by $9.9 million,  or 10.9%,  from $90.9 million at December
31, 1999 to $100.8 million at September 30, 2000. Loan originations  amounted to
$39.0  million for the nine months ended  September  30, 2000,  while  principal
repayments amounted to $28.8 million. During the nine months ended September 30,
2000, loan origination  volume exceeded that of the comparable period in 1999 by
$7.4 million,  or 23.2%. Loan originations  during 2000 were comprised primarily
of loans secured by one to four family residential,  nonresidential,  commercial
real estate and other commercial  property.  The one to four family  residential
loans  totaled $57.9 million at December 31, 1999 and $61.5 million at September
30, 2000.  The  commercial  and  nonresidential  loan  portfolios  totaled $21.6
million at September 30, 2000, compared to $17.5 million at December 31, 1999.

Deposits  totaled  $77.1  million at  September  30,  2000,  an increase of $1.0
million,  or 1.4%,  in the first nine months of 2000.  Borrowings  consisted  of
$33.0  million of FHLB  advances and a $1.2  million note payable  related to an
equity investment in low income housing.

Shareholders'  equity was $16.5  million at September 30, 2000 and $16.1 million
at  December  31,  1999.  The  payment  of  dividends  and  repurchase  of stock
contributed to a decrease in equity,  while a decrease in the unrealized loss on
securities  available  for  sale,  earnings  and the  amortization  of the stock
benefit plan increased equity.





                                      -10-
<PAGE>



Results of Operations

Comparison of the Nine Months Ended September 30, 2000 and September 30, 1999

Net  earnings  for the  Company  for the nine months  ended  September  30, 2000
totaled $960,000, compared with $871,000 for the nine months ended September 30,
1999, an increase of $89,000,  or 10.2%. Net interest income increased $353,000,
while general,  administrative  and other expense  increased  $229,000 and taxes
decreased $86,000 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 $100.8 million at September
30, 2000 compared to $87.0 million at September 30, 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 interest  rate spread
amounted to 2.89% at  September  30, 2000,  compared to 2.98% at  September  30,
1999,  and the net interest  margin  totaled  3.34% and 3.53% for the nine month
periods ended September 30, 2000 and 1999, respectively.

The  provision  for losses on loans  totaled  $212,000 for the nine months ended
September 30, 2000 and $122,000 for the nine months ended September 30, 1999. No
properties were in real estate owned for the quarter ended September 30, 2000 or
September 30, 1999. Non-performing loans decreased to $176,000, or .17% of loans
at September 30, 2000 from $666,000 or .72% of loans at December 31, 1999.  Loan
loss reserves amounted to $639,000, or .62% of total loans at September 30, 2000
compared to $440,000  or.47% at December 31, 1999. The current period  provision
was  attributable  primarily to the growth in the commercial and  nonresidential
loan  portfolios,  which  represented  approximately  21.3%  of the  total  loan
portfolio at September 30, 2000, compared to 18.9% at December 31, 1999.

Other income amounted to $91,000 for the nine months ended September 30, 2000, a
decrease of $31,000 from the 1999 nine month period.  Service charges on deposit
accounts increased by $15,000, or 14.7%, and other operating income increased by
$55,000,  or 51.9%, mainly due to additional fees related to loan processing and
increased  sales of insurance  related to mortgage  loans.  Such  increases were
partially  offset by an  $85,000  increase  in the  pre-tax  loss from an equity
investment in a low income housing tax credit  investment and a loss on the sale
of investment securities of $16,000.

General,  administrative  and other expense increased by $229,000,  or 18.4%, in
the nine month period ended  September  30, 2000 compared to September 30, 1999.
Employee  compensation and benefits increased $215,000, or 32.3%, as a result of
salary increases and additional  personnel  compared to the same period in 1999,
coupled with a one time charge of $38,000 due to the  retirement  of  personnel.
Data  processing  fees  increased  $11,000,  or 10.0%,  due to loan and  deposit
growth.  Occupancy  and  equipment  expense  increased  $26,000,  or 22.2%,  due
primarily to a full nine months of  depreciation  related to the purchase of new
equipment and the new banking facility,  while the corresponding  period in 1999
reflected  only  six  months  in the  new  facility.  Other  operating  expenses
decreased $5,000, or 1.6%,  compared to the period ended September 30, 1999, due
primarily to the effects of a non-recurring charge of $35,000 related to deposit
operations  recorded in the 1999 period.  This charge was partially recovered in
the fourth quarter of 1999. Excluding the effects of this non-recurring  charge,
other  operating  expenses  increased  by  $30,000,  due  primarily  to pro-rata
increases related to the Company's overall growth year to year.




                                      -11-
<PAGE>


The Company's  effective tax rate for the nine month periods ended September 30,
2000 and 1999 was 30.0% and  36.3%,  respectively.  The  reduction  for the 2000
period was due to the availability of additional tax credits from the low income
housing equity investment.


Results of Operations

Comparison of the Three Months Ended September 30, 2000 and September 30, 1999

Net  earnings  for the Company for the three  months  ended  September  30, 2000
totaled  $330,000,  compared with $318,000 for the three months ended  September
30,  1999,  an increase of  $12,000,  or 3.8%.  Net  interest  income  increased
$138,000, while general,  administrative and other expense increased $93,000 and
taxes  decreased  $49,000  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.  The interest rate spread
amounted to 2.89% and 2.98% at September 30, 2000 and 1999, respectively.

The  provision  for losses on loans  totaled  $71,000 for the three months ended
September 30, 2000 and $41,000 for the three months ended September 30, 1999. No
properties were in real estate owned for the quarter ended September 30, 2000 or
September 30, 1999. The increase in the provision was primarily  attributable to
the growth in the loan portfolio.

Service  charges on deposit  accounts  increased  by $3,000 and other  operating
income increased by $10,000. However, a pre-tax loss on the equity investment of
$85,000 and a loss on the sale of investment  of securities of $16,000  combined
for an overall loss in the other income category.

Total general,  administrative and other expense increased by $93,000, or 23.4%,
in the period  ended  September  30,  2000  compared  to the same  period  ended
September 30, 1999.  Employee  compensation and benefits increased  $67,000,  or
30.2%, as a result of salary increases and additional  personnel compared to the
1999 quarter.  Data processing fees increased  $6,000, or 15.8%, due to loan and
deposit growth.  Other operating expenses increased $14,000, or 16.3%,  compared
to the quarter  ended  September 30, 1999,  due  primarily to the  Corporation's
overall growth year to year.

The Company's  effective tax rate for the three months ended  September 30, 2000
was 27.3% and was 35.2% for the three  months  ended  September  30,  1999.  The
decrease in the  effective tax rate was  primarily  attributable  to tax credits
available from the Corporation's investment in a low income housing investment.












                                      -12-
<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  September  30,  2000,  the Bank's  tangible  capital  ratio was 12.64%,  its
leverage ratio was 12.64%,  and its risk-based  capital to risk-weighted  assets
ratio was 20.91%.  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
September 30, 2000.
<TABLE>
<CAPTION>

Capital Standard                   Required             Bank's                 Excess
----------------                   --------             ------                 ------
                                                     (In thousands)
<S>                                    <C>                <C>                    <C>
Tangible (1.5%)                      $1,927            $16,237                $14,310
Core (4.0%)                           5,139             16,237                 11,098
Risk-based (8.0%)                     6,456             16,876                 10,420
</TABLE>

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 September 30, 2000
the Bank's regulatory liquidity ratio was 20.98%.































                                      -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
June 30, 2000, 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             9,839        -7,020           -42%                     8.07%         -488bp
+200bp            12,345        -4,514           -27%                     9.89%         -306bp
+100bp            14,743        -2,116           -13%                    11.55%         -140bp
   0bp            16,859                                                 12.95%
-100bp            18,375         1,516            +9%                    13.90%          +95bp
-200bp            19,228         2,369           +14%                    14.40%         +145bp
-300bp            20,138         3,279           +19%                    14.93%         +198bp
</TABLE>







                                      -14-

<PAGE>


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

Pre-shock NPV Ratio: NPV as % of PV of Assets                         12.95%
Exposure Measure: Post-Shock NPV Ratio                                 9.89%
Sensitivity Measure: Change in NPV Ratio                               306bp

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  nine-month  period  ended
September  30,  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  September  30,  1997,  filed with the  Commission  on
                    August 13, 1997.

               27   Financial  Data  Schedule  for the nine month  period  ended
                    September 30, 2000.

         (b)      Reports on Form 8-K.

         The  Registrant  filed no reports on Form 8-K during the fiscal quarter
ended September 30, 2000.


























                                      -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:  November 13, 2000                  By:/s/ David G. Wihebrink
      --------------------                   ---------------------------------
                                             David G. Wihebrink, President and
                                             Chief Executive Officer


Date:  November 13, 2000                  By:/s/ Dottye Robeson
      --------------------                   ---------------------------------
                                             Dottye Robeson, Secretary and
                                             Treasurer




































                                      -17-