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, 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
August 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 June 30, 2000
           and December 31, 1999

           Consolidated Statements of Earnings
           for the three and six months ended June 30,
           2000 and 1999

           Consolidated Statements of Shareholders'
            Equity for the six months ended
            June 30, 2000 and 1999

           Consolidated Statements of Cash Flows
           for the six months ended
           June 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 4.    Submission of Matters to a Vote of Security Holders              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)


                                                                                  June 30,        December 31,
         ASSETS                                                                       2000                1999
<S>                                                                                  <C>                 <C>
Cash and due from banks                                                           $    617            $  1,336
Interest-bearing deposits in other financial institutions                            6,273               3,810
                                                                                   -------             -------
         Cash and cash equivalents                                                   6,890               5,146

Investment securities available for sale-at market                                  11,772               8,539
Mortgage-backed securities available for sale-at market                              5,415               5,898
Loans receivable-net                                                                98,200              90,900
Office premises and equipment-at depreciated cost                                    1,879               1,902
Federal Home Loan Bank stock - at cost                                               1,423               1,273
Investment in real estate partnership                                                1,428               1,485
Accrued interest receivable on loans                                                   481                 416
Accrued interest receivable on mortgage-backed securities                               44                  47
Accrued interest receivable on investments                                             180                 115
Prepaid expenses and other assets                                                       66                  45
Cash surrender value of life insurance                                               1,205               1,184
Prepaid income tax                                                                     199                  46
Deferred income tax asset                                                              489                 472
                                                                                   -------             -------

         Total assets                                                             $129,671            $117,468
                                                                                   =======             =======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                          $ 86,440            $ 76,011
Advances from the Federal Home Loan Bank                                            25,000              23,000
Notes payable 1,237                                                                  1,307
Accrued interest and other liabilities                                                 914               1,004
                                                                                   -------             -------
         Total liabilities                                                         113,591             101,322

Shareholders' equity
  Common stock                                                                       5,515               5,979
  Retained earnings-restricted                                                      11,126              10,734
  Less shares acquired by stock benefit plan                                          (171)               (239)
  Accumulated comprehensive loss, unrealized losses on securities designated
    as available for sale, net of related tax effects                                 (390)               (328)
                                                                                   -------             -------
         Total shareholders' equity                                                 16,080              16,146
                                                                                   -------             -------

         Total liabilities and shareholders' equity                               $129,671            $117,468
                                                                                   =======             =======
</TABLE>







                                       3

<PAGE>


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

                                                                        Three months ended            Six months ended
                                                                               June 30,                    June 30,
                                                                         2000         1999            2000         1999
<S>                                                                      <C>         <C>              <C>           <C>
Interest income
  Loans                                                                $1,954       $1,563          $3,819       $3,049
  Mortgage-backed securities                                               96          108             194          220
  Investment securities                                                   187           90             350          163
  Interest-bearing deposits and other                                     106           60             189          119
                                                                        -----        -----           -----        -----
         Total interest income                                          2,343        1,821           4,552        3,551

Interest expense
  Deposits                                                              1,010          799           1,919        1,572
  Borrowings                                                              358          151             692          253
                                                                        -----        -----           -----        -----
         Total interest expense                                         1,368          950           2,611        1,825
                                                                        -----        -----           -----        -----

         Net interest income                                              975          871           1,941        1,726
Provision for losses on loans                                              70           40             141           81
                                                                        -----        -----           -----        -----
         Net interest income after provision for
           losses on loans                                                905          831           1,800        1,645

Other income
  Service charges on deposit accounts                                      42           32              74           62
  Loss on equity investment                                               (60)         (50)            (86)         (50)
  Other operating                                                          67           30             111           66
                                                                        -----        -----           -----        -----
         Total other income                                                49           12              99           78

General, administrative and other expense
  Employee compensation and benefits                                      296          225             592          444
  Occupancy and equipment                                                  45           44              90           76
  Federal deposit insurance premiums                                        4           10               8           20
  Data processing                                                          38           36              77           72
  Other operating                                                         112          105             215          234
                                                                        -----        -----           -----        -----
         Total general, administrative and other expense                  495          420             982          846
                                                                        -----        -----           -----        -----

         Earnings before income taxes                                     459          423             917          877
Income tax expense                                                        136          152             287          324
                                                                        -----        -----           -----        -----

         NET EARNINGS                                                  $  323       $  271          $  630       $  553
                                                                        =====        =====           =====        =====
Other comprehensive loss, net of tax:
  Unrealized losses on securities available for sale                      (48)        (165)            (62)        (230)
                                                                        -----        -----           -----        -----

COMPREHENSIVE INCOME                                                   $  275       $  106          $  568       $  323
                                                                        =====        =====           =====        =====
EARNINGS PER SHARE
  Basic (based on net earnings)                                          $.29         $.22            $.57         $.46
                                                                          ===          ===             ===          ===

  Diluted (based on net earnings)                                        $.29         $.22            $.57         $.45
                                                                          ===          ===             ===          ===
</TABLE>





                                       4
<PAGE>


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

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

Purchase of shares                                                     (464)                   -

Issuance of shares under stock option plan                               -                      5

Amortization of stock benefit plan                                       68                    64

Cash dividends of $.22 per share in both 2000 and 1999                 (238)                 (263)

Unrealized losses on securities designated as
  available for sale, net of related tax effects                        (62)                 (230)

Net earnings                                                            630                   553
                                                                     ------                ------

Balance at June 30                                                  $16,080               $16,617
                                                                     ======                ======


Accumulated other comprehensive loss                                $  (390)              $   (75)
                                                                     ======                ======
</TABLE>





















                                       5
<PAGE>


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

                                                                                             2000                  1999
<S>                                                                                         <C>                     <C>
Cash flows from operating activities:
  Net earnings for the period                                                             $   630               $   553
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Depreciation and amortization                                                              53                    36
    Amortization of premiums on investments and
      mortgage-backed securities                                                               16                    60
    Amortization expense of stock benefit plan                                                 68                    64
    Provision for losses on loans                                                             141                    81
    Loss on equity investment                                                                  86                    50
    Increase (decrease) in cash, due to changes in:
      Accrued interest receivable on loans                                                    (65)                  (85)
      Accrued interest receivable on mortgage-backed securities                                 3                    14
      Accrued interest receivable on investments                                              (65)                  (25)
      Prepaid expenses and other assets                                                       (21)                   (4)
      Accrued interest and other liabilities                                                  (90)                 (300)
      Federal income taxes
        Current                                                                              (153)                  (98)
        Deferred                                                                               15                    10
                                                                                           ------                ------
         Net cash provided by operating activities                                            618                   356

Cash flows provided by (used in) investing activities:
  Purchase of investment securities                                                        (3,318)               (2,800)
  Maturities/calls of investment securities                                                    -                    375
  Purchase of Federal Home Loan Bank stock                                                   (150)                 (256)
  Principal repayments on mortgage-backed securities                                          458                 1,158
  Loan disbursements                                                                      (24,957)              (18,200)
  Investment in real estate partnership                                                       (29)                  (27)
  Principal repayments on loans                                                            17,516                 8,901
  Purchases and additions to office premises and equipment                                    (30)                 (393)
  Increase in cash surrender value of life insurance policy                                   (21)                  (21)
                                                                                           ------                ------
         Net cash used in investing activities                                            (10,531)              (11,263)
                                                                                           ------                ------

         Net cash used in operating and investing activities
           (balance carried forward)                                                       (9,913)              (10,907)
                                                                                           ------                ------
</TABLE>












                                       6
<PAGE>


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

                                                                                             2000                  1999
<S>                                                                                         <C>                    <C>
         Net cash used in operating and investing activities
           (balance brought forward)                                                      $(9,913)             $(10,907)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                         10,429                 4,867
  Proceeds from Federal Home Loan Bank advances                                            15,000                17,000
  Repayment of Federal Home Loan Bank advances                                            (13,000)              (10,000)
  Repayment of note payable                                                                   (70)                  (68)
  Purchase of shares                                                                         (464)                    -
  Proceeds from the exercise of stock options                                                  -                      5
  Dividends on common stock                                                                  (238)                 (263)
                                                                                           ------               -------
         Net cash provided by financing activities                                         11,657                11,541
                                                                                           ------               -------

Net increase in cash and cash equivalents                                                   1,744                   634

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

Cash and cash equivalents, end of period                                                  $ 6,890              $  4,962
                                                                                           ======               =======


Supplemental disclosure of cash flow information:
  Cash paid during the year for:
    Interest on deposits and borrowings                                                   $ 2,474              $  1,833
                                                                                           ======               =======

    Income taxes                                                                          $   426              $    414
                                                                                           ======               =======

    Dividends payable at end of period                                                    $   123              $    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 June 30, 2000,  results of operations  for the three and six month periods
ended June 30, 2000 and 1999 and cash flows for the three and six month  periods
ended June 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  1,098,169  and  1,198,901 for the six month periods ended June 30, 2000
and 1999,  respectively  and 1,083,510 and 1,199,090 for the three month periods
ended  June 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  1,098,169 and 1,217,789 for the six months
ended June 30, 2000 and 1999, respectively,  and 1,083,510 and 1,211,230 for the
three months ended June 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 18,888 and 12,140 for the
six and three  month  periods,  respectively,  ended June 30,  1999.  Options to
purchase 125,915 shares of common stock with a  weighted-average  exercise price
of  $10.59  were  outstanding  at June  30,  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 June 1, 2000,  payable
on July 10, 2000, to stockholders of record as of June 20, 2000.

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>


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.

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 certain recent accounting pronouncements.

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

The  Corporation  reported  total  assets of $129.7  million  at June 30,  2000,
compared to $117.5  million at December 31, 1999, an increase of $12.2  million,
or 10.4%.  This increase was funded from an additional $2.0 million FHLB advance
and a growth in deposits of $10.4 million.  Cash and cash equivalents  increased
by approximately  $1.7 million,  to $6.9 million at June 30, 2000. Cash and cash
equivalents  were high at June 30, 2000 in  anticipation  of  repayment  of $6.0
million of short-term public deposits due in late July. The growth in assets was
reinvested primarily in loans which increased by $7.3 million and investment and
mortgage-backed securities which increased by $2.8 million.

Net loans increased by $7.3 million, or 8.0%, from $90.9 million at December 31,
1999 to $98.2  million at June 30,  2000.  Loan  originations  amounted to $25.0
million  for the six months  ended June 30,  2000,  while  principal  repayments
amounted  to $17.5  million.  During the six months  ended June 30,  2000,  loan
origination  volume  exceeded  that  of the  comparable  period  in 1999 by $6.8
million,  or 37.1%.  Loan originations  during 2000 were comprised  primarily of
loans secured by nonresidential  and commercial real estate and other commercial
property.  The  commercial  and  nonresidential  loan  portfolios  totaled $19.2
million at June 30, 2000, compared to $17.5 million at December 31, 1999.

Deposits  totaled $86.4  million at June 30, 2000,  compared to $76.0 million at
December  31, 1999,  an increase of $10.4  million,  or 13.7%,  in the first six
months of 2000.  Borrowings  consisted of $25.0  million of FHLB  advances and a
$1.2 million note payable related to an equity investment in low income housing.

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







                                       10
<PAGE>



Results of Operations

Comparison of the Six Months Ended June 30, 2000 and June 30, 1999

Net  earnings  for the  Company for the six months  ended June 30, 2000  totaled
$630,000,  compared  with  $553,000 for the six months  ended June 30, 1999,  an
increase of $77,000,  or 13.9%.  Net interest income increased  $215,000,  while
general, administrative and other expense increased $136,000 and taxes decreased
$37,000 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 $98.2 million at June 30, 2000
compared to $82.3 million at June 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 2.80%
at June 30,  2000,  compared  to 3.00% at June 30,  1999,  and the net  interest
margin totaled 3.51% and 3.70% for the six month periods ended June 30, 2000 and
1999, respectively.

The provision for losses on loans totaled $141,000 for the six months ended June
30, 2000 and $81,000 for the six months ended June 30, 1999. No properties  were
in real  estate  owned for the  quarter  ended June 30,  2000 or June 30,  1999.
Non-performing  loans  decreased to $174,000,  or .18% of loans at June 30, 2000
from  $666,000,  or 0.72% of loans at  December  31,  1999.  Loan loss  reserves
amounted  to  $581,000  or .59% of  total  loans at June 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 19.9% of the total loan portfolio at
June 30, 2000, compared to 18.9% at December 31, 1999.

Other  income  amounted to $99,000 for the six months  ended June 30,  2000,  an
increase of  $21,000,  or 26.9%,  over the  comparable  period in 1999.  Service
charges on deposit accounts increased by $12,000,  or 19.4%, and other operating
income increased by $45,000,  or 68.2%, mainly due to additional fees related to
loan processing and increased sales of insurance related to mortgage loans. Such
increases were partially  offset by a $36,000  increase in the pre-tax loss from
an equity investment in a low income housing tax credit investment.

General,  administrative  and other expense increased by $136,000,  or 16.1%, in
the period ended June 30, 2000 compared to June 30, 1999. Employee  compensation
and benefits increased  $148,000,  or 33.3%, 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  $5,000,  or  6.9%,  due to loan and  deposit  growth.  Occupancy  and
equipment  expense  increased  $14,000,  or 18.4%,  due  primarily to a full six
months of  depreciation  related to the  purchase of new  equipment  and the new
banking facility,  while the  corresponding  period in 1999 reflected only three
months in the new facility. Other operating expenses decreased $19,000, or 8.1%,
compared to the period ended June 30, 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 six months  ended June 30,  2000 was
31.3% and was 36.9% for the six months  ending June 30, 1999.  The reduction for
the 2000 period was due to the  availability  of additional tax credits from the
low income housing equity investment.






                                       11
<PAGE>


Results of Operations

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

Net  earnings  for the Company for the three  months ended June 30, 2000 totaled
$323,000,  compared  with  $271,000 for the three months ended June 30, 1999, an
increase of $52,000,  or 19.2%.  Net interest income increased  $104,000,  while
general,  administrative and other expense increased $75,000 and taxes decreased
$16,000 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 2.80% and
3.00% at June 30, 2000 and 1999,  respectively.  The net interest margin totaled
3.46% and  3.79%  for the three  month  periods  ended  June 30,  2000 and 1999,
respectively.

The  provision  for losses on loans  totaled  $70,000 for the three months ended
June 30,  2000 and  $40,000  for the  three  months  ended  June  30,  1999.  No
properties were in real estate owned for the quarter ended June 30, 2000 or June
30, 1999. The increase in the provision was primarily attributable to the growth
in the loan portfolio over the periods.

Other income  amounted to $49,000 for the three  months ended June 30, 2000,  an
increase of $37,000  over the  comparable  quarter in 1999.  Service  charges on
deposit  accounts  increased by $10,000 and other operating  income increased by
$37,000.

Total general,  administrative and other expense increased by $75,000, or 17.9%,
in the period  ending June 30, 2000  compared to the same period  ended June 30,
1999.  Employee  compensation  and benefits  increased  $71,000,  or 31.6%, as a
result  of  salary  increases  and  additional  personnel  compared  to the 1999
quarter. Data processing fees increased $2,000, or 5.6%, due to loan and deposit
growth.  Other operating  expenses  increased $7,000,  or 6.7%,  compared to the
quarter ended June 30, 1999.

The  Company's  effective  tax rate for the three months ended June 30, 2000 was
29.6% and was 35.9% for the three months  ending June 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 June 30, 2000,  the Bank's  tangible  capital ratio was 12.24%,  its leverage
ratio was 12.24%, and its risk-based  capital to risk-weighted  assets ratio was
20.70%.  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,
2000.
<TABLE>
<CAPTION>

Capital Standard             Required            Bank's                Excess
----------------             --------            ------                ------
<S>                            <C>                 <C>                  <C>
Tangible (1.5%)            $1,946,000         $15,870,000           $13,924,000
Core (4.0%)                 5,188,000          15,870,000            10,682,000
Risk-based (8.0%)           6,357,000          16,451,000            10,094,000
</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 June 30, 2000 the
Bank's regulatory liquidity ratio was 22.96%.































                                       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, 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               9,522          -6,954            -42%                8.11%           -500bp
+200bp              11,980          -4,496            -27%                9.96%           -315bp
+100bp              14,336          -2,141            -13%               11.64%           -146bp
   0bp              16,476                                               13.11%
-100bp              18,055           1,578            +10%               14.13%           +103bp
-200bp              18,854           2,377            +14%               14.61%           +150bp
-300bp              19,496           3,019            +18%               14.97%           +187bp
</TABLE>





                                       14
<PAGE>


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

Pre-shock NPV Ratio: NPV as % of PV of Assets                     13.11%
Exposure Measure: Post-Shock NPV Ratio                             9.96%
Sensitivity Measure: Change in NPV Ratio                           315bp

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  six-month  period ended June
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 4.  Submission of Matters to a Vote of Security Holders

On April 11, 2000, the Company held its 2000 annual meeting of  shareholders.  A
total of 932,425 shares,  or 82.48% of the Company's  shares  outstanding,  were
represented at the meeting either in person or by proxy.

One director was  nominated by the  Company's  Board of Directors to serve a new
three year term. The nominee, and the voting results are listed below.

                                                  For               Withheld
William Tincher, Jr. (three year term)            924,075            8,350

The other Directors  continuing in office are Susanne S. Ridlen,  Brian Morrill,
Thomas Williams, Charles Evans, and David Wihebrink.

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, 2000.

         (b)      Reports on Form 8-K.

         The  Registrant  filed no reports on Form 8-K during the fiscal quarter
ended June 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:    August 11, 2000                  By:/s/ David G. Wihebrink
      -------------------------              ---------------------------------
                                             David G. Wihebrink, President and
                                             Chief Executive Officer


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









































                                       17