UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                              FORM 10-QSB
(Mark One)
[ X ]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended      June 30, 2002
                                ----------------------

[   ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the transition period from                 to
                              ----------------  ----------------
Commission File Number:                  0-25808
                        ----------------------------------------

                   GREAT AMERICAN BANCORP, INC.
                   ----------------------------

            Delaware                         52-1923366
----------------------------------------------------------------
State or other jurisdiction of          (I.R.S. Employer
Incorporation or organization)          Identification Number)

1311 S. Neil St., P.O. Box 1010, Champaign, IL   61824-1010
---------------------------------------------------------------
(Address of principal executive offices)          (Zip Code)

                         (217) 356-2265
---------------------------------------------------------------
      (Registrant's telephone number, including area code)

At July 31, 2002, the Registrant had 835,290 shares of Common Stock
outstanding, for ownership purposes, which excludes 1,217,460 shares held as
treasury stock.


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




                       Table of Contents


PART I -- FINANCIAL INFORMATION

     Item 1.        Financial Statements

                         Condensed Consolidated Balance Sheets

                         Condensed Consolidated Statements of Income

                         Condensed Consolidated Statements of Cash Flows

                         Notes to Condensed Consolidated Financial Statements

     Item 2.        Management's Discussion and Analysis or
                    Plan of Operation

PART II -- OTHER INFORMATION

     Item 1.        Legal Proceedings

     Item 2.        Changes in Securities

     Item 3.        Defaults Upon Senior Securities

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

     Item 5.        Other Information

     Item 6.        Exhibits and Reports on Form 8-K

SIGNATURES

                 Great American Bancorp, Inc. and Subsidiary
                    Condensed Consolidated Balance Sheets
                  As of June 30, 2002 and December 31, 2001
                 (Unaudited, in thousands except share data)

                                            June 30, 2002      Dec. 31, 2001
 -----------------------------------------------------------------------------
ASSETS
Cash and due from banks                     $       5,584      $       4,832
Interest-bearing demand deposits                   14,343              6,334
                                            --------------------------------
     Cash and cash equivalents                     19,927             11,166

Held-to-maturity securities                         1,687              2,056
Mortgage loans held for sale                          186              2,343
Loans, net of allowance for loan losses
 of $1,152 and $1,040 in 2002 and 2001,
 respectively                                     133,298            143,063
Premises and equipment                              6,274              6,362
Federal Home Loan Bank stock                        1,197              1,166
Interest receivable                                   777                789
Cash surrender value of life insurance                259                251
Insurance premiums receivable                         238                204
Deferred income taxes                                  81                 81
Income taxes receivable                                67                 --
Mortgage servicing rights                             159                 51
Goodwill                                              485                485
Other                                                 329                328
                                            --------------------------------
     Total assets                           $     164,964      $     168,345
                                            ================================
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
 Deposits
  Noninterest-bearing deposits              $      11,044      $      11,890
  Interest-bearing deposits
    Savings, NOW and money market                  51,237             46,300
    Time                                           63,876             69,350
                                            --------------------------------
     Total deposits                               126,157            127,540

 Federal Home Loan Bank advances                   18,000             20,500
 Deferred compensation - directors                    607                648
 Advances from borrowers for taxes
  and insurance                                       278                319
 Accrued postretirement benefit obligation            233                211
 Accrued real estate taxes                            141                136
 Premiums due insurance companies                     186                101
 Dividend payable                                      93                 95
 Income taxes payable                                  --                 23
 Interest payable                                      78                 91
 Other                                                309                122
                                            --------------------------------
    Total liabilities                             146,082            149,786
                                            --------------------------------
Commitments and Contingent Liabilities
                                                                 (continued)

                 Great American Bancorp, Inc. and Subsidiary
              Condensed Consolidated Balance Sheets (Continued)
                  As of June 30, 2002 and December 31, 2001
                  (Unaudited, in thousands except share data)

                                             June 30, 2002     Dec. 31, 2001
-----------------------------------------------------------------------------
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value
 Authorized and unissued --
  1,000,000 shares                          $          --      $          --
Common stock, $0.01 par value
 Authorized -- 7,000,000 shares
 Issued and outstanding -- 2,052,750 shares            21                 21
Additional paid-in-capital                         20,166             20,165
Retained earnings                                  18,625             17,838
                                             --------------------------------
                                                   38,812             38,024

Treasury stock, at cost
 Common: 2002 - 1,207,260 shares,
  2001 - 1,185,583 shares                         (19,862)           (19,393)
Unearned incentive plan shares:
 2002 - 4,709 shares,
 2001 - 5,010 shares                                  (68)               (72)
                                            --------------------------------
     Total stockholders' equity                    18,882             18,559
                                            --------------------------------
     Total liabilities and
      stockholders' equity                  $     164,964      $     168,345
                                            ================================


See notes to condensed consolidated financial statements.


                  Great American Bancorp, Inc. and Subsidiary
                  Condensed Consolidated Statements of Income
                For the Six Months Ended June 30, 2002 and 2001
                   (Unaudited, in thousands except share data)

                                                     2002               2001
----------------------------------------------------------------------------
Interest income
 Loans                                      $       5,256      $       5,477
 Available-for-sale securities                         --                 97
 Held-to-maturity securities                           62                 88
 Deposits with banks and other                        121                189
                                            --------------------------------
   Total interest income                            5,439              5,851
                                            --------------------------------
Interest expense
 Deposits                                           1,829              2,558
 Federal Home Loan Bank advances                      442                441
 Other                                                 15                 18
                                            --------------------------------
   Total interest expense                           2,286              3,017
                                            --------------------------------
   Net interest income                              3,153              2,834
Provision for loan losses                             110                 72
                                            --------------------------------
   Net interest income after
     provision for loan losses                      3,043              2,762
                                            --------------------------------
Noninterest income
 Insurance sales commissions                          811                602
 Brokerage commissions                                 68                 74
 Customer service fees                                273                274
 Other service charges and fees                        94                 83
 Gain on sales of mortgage loans                      221                 --
 Loan servicing fees                                   11                  6
 Other                                                  7                 11
                                             --------------------------------
   Total noninterest income                         1,485              1,050
                                            --------------------------------

                                                                 (continued)


                  Great American Bancorp, Inc. and Subsidiary
            Condensed Consolidated Statements of Income (Continued)
               For the Six Months Ended June 30, 2002 and 2001
                  (Unaudited, in thousands except share data)

                                                     2002               2001
----------------------------------------------------------------------------
Noninterest expense
 Salaries and employee benefits             $       1,672      $       1,583
 Net occupancy expense                                286                303
 Equipment expense                                    248                306
 Data processing fees                                  37                 36
 Deposit insurance premium                             11                 12
 Printing and office supplies                         140                151
 Legal and professional fees                          107                120
 Directors and committee fees                          50                 50
 Insurance expense                                     30                 26
 Marketing and advertising expense                    103                 97
 Other                                                245                199
                                            --------------------------------
   Total noninterest expense                        2,929              2,883
                                            --------------------------------
   Income before income tax                         1,599                929
Income tax expense                                    626                379
                                            --------------------------------
   Net income                               $         973      $         550
                                            ================================

Per Share Data:

  Earnings
   Basic:
     Net income                             $        1.14      $        0.57
                                            ================================
     Average number of shares                     849,908            966,487
                                            ================================

   Diluted:
     Net income                             $        1.06      $        0.56
                                            ================================
     Average number of shares                     917,894            984,926
                                            ================================

  Dividends                                 $        0.22      $        0.22
                                            ================================


See notes to condensed consolidated financial statements.

                  Great American Bancorp, Inc. and Subsidiary
                  Condensed Consolidated Statements of Income
               For the Three Months Ended June 30, 2002 and 2001
                   (Unaudited, in thousands except share data)

                                                     2002               2001
----------------------------------------------------------------------------
Interest income
 Loans                                      $       2,599      $       2,790
 Available-for-sale securities                         --                 48
 Held-to-maturity securities                           30                 43
 Deposits with banks and other                         72                 72
                                            --------------------------------
   Total interest income                            2,701              2,953
                                            --------------------------------
Interest expense
 Deposits                                             880              1,268
 Federal Home Loan Bank advances                      217                225
 Other                                                  8                  8
                                            --------------------------------
   Total interest expense                           1,105              1,501
                                            --------------------------------
   Net interest income                              1,596              1,452
Provision for loan losses                              50                 36
                                            --------------------------------
   Net interest income after
     provision for loan losses                      1,546              1,416
                                            --------------------------------
Noninterest income
 Insurance sales commissions                          349                283
 Brokerage commissions                                 36                 38
 Customer service fees                                148                148
 Other service charges and fees                        50                 41
 Gain on sales of mortgage loans                      115                 --
 Loan servicing fees                                    7                  3
 Other                                                 --                 10
                                             --------------------------------
   Total noninterest income                           705                523
                                            --------------------------------

                                                                 (continued)


                  Great American Bancorp, Inc. and Subsidiary
            Condensed Consolidated Statements of Income (Continued)
               For the Three Months Ended June 30, 2002 and 2001
                  (Unaudited, in thousands except share data)

                                                     2002               2001
----------------------------------------------------------------------------
Noninterest expense
 Salaries and employee benefits             $         837      $         788
 Net occupancy expense                                147                148
 Equipment expense                                    122                151
 Data processing fees                                  18                 17
 Deposit insurance premium                              5                  6
 Printing and office supplies                          72                 75
 Legal and professional fees                           59                 64
 Directors and committee fees                          25                 25
 Insurance expense                                     16                 13
 Marketing and advertising expense                     57                 58
 Other                                                125                104
                                            --------------------------------
   Total noninterest expense                        1,483              1,449
                                            --------------------------------
   Income before income tax                           768                490
Income tax expense                                    299                201
                                            --------------------------------
   Net income                               $         469      $         289
                                            ================================

Per Share Data:

  Earnings
   Basic:
     Net income                             $        0.55      $        0.30
                                            ================================
     Average number of shares                     845,132            947,729
                                            ================================

   Diluted:
     Net income                             $        0.51      $        0.30
                                            ================================
     Average number of shares                     917,931            969,582
                                            ================================

  Dividends                                 $        0.11      $        0.11
                                            ================================


See notes to condensed consolidated financial statements.

                 Great American Bancorp, Inc. and Subsidiary
               Condensed Consolidated Statements of Cash Flows
               For the Six Months Ended June 30, 2002 and 2001
                          (Unaudited, in thousands)

                                                     2002               2001
----------------------------------------------------------------------------
Operating Activities
Net income                                  $         973      $         550
Items not requiring (providing) cash
 Depreciation expense                                 235                298
 Amortization of goodwill                              --                 22
 Provision for loan losses                            110                 72
 Amortization of loan servicing rights                  7                  1
 Amortization of deferred loan fees                   (14)               (12)
 Federal Home Loan Bank stock dividends               (31)               (34)
 Employee stock ownership plan
  compensation expense                                 --                151
 Incentive plan expense                                 5                 23
 Gain on sales of mortgage loans                     (221)                --
 Loans originated for sale                         (8,296)                --
 Proceeds from sales of loans                      10,559                 --
 Net gain on sale of premises and equipment            (4)                --
 Changes in:
  Accrued interest receivable                          12                  2
  Income taxes receivable                             (67)               116
  Prepaid expenses and other assets                   (43)               198
  Interest payable                                    (13)                11
  Other liabilities                                   258                  1
  Income taxes payable                                (23)                28
                                            --------------------------------
     Net cash provided by
      operating activities                          3,447              1,427
                                            --------------------------------
Investing Activities
 Net (originations) collections of loans            9,669             (8,125)
 Purchase of premises and equipment                  (147)               (36)
 Proceeds from sales of premises and equipment          4                 --
 Proceeds from maturities of available-for-sale
  securities                                           --              1,000
 Proceeds from maturities of held-to-maturity
  securities                                           --                425
 Proceeds from paydowns of mortgage backed
  securities                                          369                292
 Purchase of Federal Home Loan Bank stock              --                (26)
                                            --------------------------------
     Net cash provided (used) by
      investing activities                          9,895             (6,470)
                                            --------------------------------

                                                                 (continued)







                   Great American Bancorp, Inc. and Subsidiary
           Condensed Consolidated Statements of Cash Flows (Continued)
                 For the Six Months Ended June 30, 2002 and 2001
                            (Unaudited, in thousands)

                                                     2002               2001
----------------------------------------------------------------------------
Financing Activities:
 Net increase in demand deposits,
  money market, NOW and savings accounts            4,091                197
 Net increase (decrease) in certificates
  of deposits                                      (5,474)               586
 Repayment of Federal Home Loan Bank advances      (4,500)            (3,500)
 Proceeds from Federal Home Loan Bank advances      2,000              8,500
 Dividends paid                                      (188)              (217)
 Purchase of treasury stock                          (469)            (1,273)
 Net increases (decreases) in advances from
  borrowers for taxes and insurance                   (41)                19
                                             --------------------------------
     Net cash provided by (used by)
      financing activities                         (4,581)             4,312
                                            --------------------------------
Increase (decrease) in Cash and
  Cash Equivalents                                  8,761               (731)

Cash and Cash Equivalents, Beginning
  of Period                                        11,166             10,643
                                            --------------------------------
Cash and Cash Equivalents, End of
  Period                                    $      19,927      $       9,912
                                            ================================
Supplemental Cash Flows Information

   Interest paid                            $       2,299      $       3,006
                                            ================================
   Income taxes paid (net of refunds)       $         715      $         236
                                            ================================




See notes to condensed consolidated financial statements.



              Great American Bancorp, Inc. and Subsidiary

Notes to Condensed Consolidated Financial Statements

1.  Background Information

Great American Bancorp, Inc. (the "Company") was incorporated on February 23,
1995 and on June 30, 1995 acquired all of the outstanding shares of common
stock of First Federal Savings Bank of Champaign-Urbana, (the "Bank") upon the
Bank's conversion from a federally chartered mutual savings bank to a
federally chartered stock savings bank.  The Company purchased 100% of the
issued and outstanding capital stock of the Bank using 50% of the net proceeds
from the Company's initial stock offering, which was completed on June 30,
1995.  The Company's common stock trades on the Nasdaq SmallCap Market under
the symbol "GTPS."

2.  Statement of Information Furnished

The accompanying unaudited consolidated financial statements have been
prepared in accordance with Form 10-QSB instructions and Item 310(b) of
Regulation S-B, and, in the opinion of management, contain all adjustments
necessary to present fairly the financial position as of June 30, 2002 and
December 31, 2001, the results of operations for the six months and three
months ended June 30, 2002 and 2001, and the cash flows for the six months
ended June 30, 2002 and 2001.  All adjustments to the financial statements
were normal and recurring in nature.  These results have been determined on
the basis of generally accepted accounting principles.  Reclassifications of
certain amounts in the 2001 financial statements have been made to conform to
the 2002 presentation.  The results of operations for the three and six months
ended June 30, 2002 are not necessarily indicative of the results to be
expected for the entire fiscal year.

The consolidated financial statements are those of the Company and the Bank.
Certain information and note disclosures normally included in the Company's
financial statements prepared in accordance with generally accepted accounting
principles have been condensed or omitted.  These consolidated financial
statements should be read in conjunction with the audited financial statements
and notes thereto included in the Company's 2001 Annual Report to
Shareholders.  The condensed consolidated balance sheet of the Company as of
December 31, 2001 has been derived from the audited consolidated balance sheet
of the Company as of that date.

PART I -- Item 2.

                     GREAT AMERICAN BANCORP, INC.
                 Management's Discussion and Analysis
                         or Plan of Operation

Forward-Looking Information

In addition to historical information, this Form 10-QSB may include certain
forward-looking statements based on current management expectations.  The
Company's actual results could differ materially from those management
expectations.  Factors that could cause future results to vary from current
management expectations include, but are not limited to, general economic
conditions, legislative and regulatory changes, monetary and fiscal policies
of the federal government, changes in tax policies, rates and regulations of
federal, state and local tax authorities, changes in interest rates, deposit
flows, the cost of funds, demand for loan products, demand for financial
services, competition, changes in the quality or composition of the Company's
loan and investment portfolios, changes in accounting principles, policies or
guidelines, and other economic, competitive, governmental and technological
factors affecting the Company's operations, markets, products, services and
prices.  Further description of the risks and uncertainties to the business
are included in detail under the caption: Liquidity and Capital Resources.

General

The Company is the holding company for the Bank.  The Bank operates a wholly
owned subsidiary, Park Avenue Service Corporation ("PASC").  PASC operates the
GTPS Insurance Agency which offers a variety of insurance products, including
life, health, automobile, and property and casualty insurance.  PASC also
offers full service brokerage activities through Scout Brokerage Services,
Inc., a subsidiary of United Missouri Bank, and also engages in the sale of
fixed-rate and variable-rate tax deferred annuities.

Financial Condition

The Company's total assets decreased from $168.35 million at December 31, 2001
to $164.96 million at June 30, 2002, a decrease of $3.39 million, or 2.0%.
Total assets declined due primarily to decreases in held-to-maturity
securities, mortgage loans held for sale and net loans, offset by an increase
in cash and cash equivalents.

Held-to-maturity securities declined from $2.06 million at December 31, 2001
to $1.69 million at June 30, 2002 due to repayments of mortgage-backed
securities.

Mortgage loans held for sale decreased from $2.34 million at December 31, 2001
to $186,000 at June 30, 2002 due mainly to a change in the Company's strategy
relating to the selling of mortgage loans.  In the second quarter of 2002,
Company management began entering into commitments to sell loans to the
secondary market at the time customers commit to the loans.  Previously,
mortgage loans held for sale were sold when management considered the pricing
advantageous.  The Company changed its strategy in order to reduce its
exposure to changes in interest rates.  At the time the Company adopted this
strategy, the Company sold the balance of uncommitted mortgage loans held for
sale, including approximately $731,000 in loans sold at a loss of $8,100.
During the first six months of 2002, the Company originated $8.30 million in
mortgage loans held for sale and sold $10.45 million, recording net gains of
$221,000, which includes both the cash gains on the sale of loans totaling
$106,000 and the gains from capitalizing mortgage servicing rights of
$115,000.

The following schedule shows the balances by loan category at June 30, 2002
compared to December 31, 2001, along with the change and percentage change:

                                Balance       Balance
                                June 30,    December 31,           Percentage
                                 2002          2001       Change     Change
----------------------------------------------------------------------------
One-to-four-family
  mortgage loans              $  75,803    $  81,657     $ (5,854)     (7.2)%
Multi-family mortgage loans      19,326       19,775         (449)     (2.3)
Commercial mortgage loans        16,183       16,591         (408)     (2.5)
Construction loans                1,357        3,907       (2,550)    (65.3)
----------------------------------------------------------------------------
  Total real estate loans       112,669      121,930       (9,261)     (7.6)
Commercial loans                  9,039        9,553         (514)     (5.4)
Consumer loans                   12,742       12,620          122       1.0
----------------------------------------------------------------------------
  Total loans                   134,450      144,103       (9,653)     (6.7)
Allowance for loan losses        (1,152)      (1,040)        (112)    (10.8)
----------------------------------------------------------------------------
  Total loans, net            $ 133,298    $ 143,063     $ (9,765)     (6.8)%
============================================================================

Net loans declined from $143.06 million at December 31, 2001 to $133.30
million at June 30, 2002, a decrease of $9.76 million or 6.8%.  Net loans,
which does not include mortgage loans held for sale, declined partly due to
principal repayments on one-to-four-family residential mortgage loans
exceeding loan originations.  Classifying the majority of new one-to-four-
family residential mortgage loans as mortgage loans held for sale is the
primary reason for the decline in one-to-four-family mortgage loans.  Mortgage
loans held for sale are separately reported on the consolidated balance
sheets.  One-to-four-family mortgage loans decreased $5.85 million from
December 31, 2001 to June 30, 2002.  Also contributing to the decline in net
loans was the payoff of two large commercial mortgage loans, totaling $2.09
million, which were paid off during the first quarter of 2002.

Construction loans declined mainly due to construction being completed on one
large commercial construction loan totaling $1.67 million.  This loan was
transferred to commercial mortgage loans during the second quarter of 2002.

Cash and cash equivalents grew from $11.17 million at December 31, 2001 to
$19.93 million at June 30, 2002, an increase of $8.76 million, or 78.4%.  Cash
and cash equivalents, primarily interest-bearing demand deposits, increased as
a result of proceeds from mortgage loan sales and loan repayments, offset by
repayments of Federal Home Loan Bank ("FHLB") advances.  Interest-bearing
demand deposits grew from $6.33 million at December 31, 2001 to $14.34 million
at June 30, 2002, an increase of $8.01 million, or 126.5%.

Total deposits decreased $1.38 million, from $127.54 million at December 31,
2001 to $126.16 million at June 30, 2002.  Noninterest-bearing deposits
declined by $846,000 and time deposits decreased by $5.47 million, while
savings, NOW and money market deposits grew $4.94 million during the first six
months of 2002.  The decline in time deposits was mainly in certificates of
deposit with one to two year maturities.  The growth in savings, NOW and money
market accounts was partly due to customers transferring matured certificates
of deposit into short-term, interest-bearing demand accounts.  Such transfers,
management believes, are in anticipation that market interest rates will rise
in the future.

The following table summarizes the balances of deposits at June 30, 2002 and
December 31, 2001, the change in the balances and the percentage change:

                               Balance       Balance
                               June 30,    December 31,           Percentage
                                 2002          2001       Change     Change
-----------------------------------------------------------------------------
Noninterest bearing
 checking accounts            $  11,044    $  11,890     $   (846)      (7.1)%

Interest bearing:
 NOW accounts                    19,333       17,955        1,378        7.7
 IMMA accounts                   15,375       13,326        2,049       15.4
 Savings accounts                16,529       15,019        1,510       10.1
 Certificates of deposit         63,876       69,350       (5,474)      (7.9)
-----------------------------------------------------------------------------
  Total interest
   bearing deposits             115,113      115,650         (537)      (0.5)
-----------------------------------------------------------------------------
  Total deposits              $ 126,157    $ 127,540     $ (1,383)      (1.1)%
=============================================================================

FHLB advances totaled $18.00 million at June 30, 2002 compared to $20.50
million at December 31, 2001.  In February 2002, a $2.00 million FHLB advance
with a rate of 4.40% matured.  In March 2002, a $1.50 million advance with a
rate of 4.48% was called.  In June 2002, a $1.00 million advance with a rate
of 5.97% matured.  The Company borrowed $2.00 million in fixed rate FHLB
advances with an average rate of 3.32% in March 2002 to replace maturing and
called advances.

The following schedule presents FHLB advances at June 30, 2002, by maturity
date:


    Date                   Fixed                        First or
     of        Interest      or         Maturity        Next Call
   Advance       Rate     Variable        Date            Date         Amount
-----------------------------------------------------------------------------
October   2000   6.00     Variable   October   2002    non callable     3,000
March     2002   3.06      Fixed     March     2003    non callable     1,000
March     2002   3.58      Fixed     September 2003    non callable     1,000
October   1998   4.30      Fixed     October   2008   July      2002    5,000
January   2001   4.55      Fixed     January   2011   July      2002    5,000
September 2001   3.80      Fixed     September 2011   September 2004    3,000
                                                                      -------
                                                                      $18,000
                                                                      =======

The $10.00 million in advances callable in July 2002 were not called.  Both of
these advances are callable quarterly.

Total stockholders' equity increased $323,000, from $18.56 million at December
31, 2001 to $18.88 million at June 30, 2002.  Book value per outstanding
voting share increased from $21.40 at December 31, 2001 to $22.33 at June 30,
2002.  The increase in stockholders' equity is summarized as follows (in
thousands):



   Stockholders' equity, December 31, 2001            $   18,559
   Net income                                                973
   Purchase of treasury stock                               (469)
   Dividends declared                                       (186)
   Incentive plan shares allocated                             5
                                                          ------
   Stockholders' equity, June 30, 2002                $   18,882
                                                          ======

Results of Operations

Comparison of Six Month Periods Ended June 30, 2002 and 2001

Net income totaled $973,000 for the six months ended June 30, 2002 compared to
$550,000 for the six months ended June 30, 2001, an increase of $423,000, or
76.9%.  Basic earnings per share were $1.14 for the six months ended June 30,
2002, compared to $0.57 for the six months ended June 30, 2001.  Diluted
earnings per share were $1.06 for the first six months of 2002, compared to
$0.56 for the first six months of 2001.

Net income increased in 2002 due to growth in net interest income and
noninterest income, offset by increases in the provision for loan losses, non-
interest expense, and income tax expense.

Net interest income increased $319,000, or 11.3%, from $2,834,000 for the six
months ended June 30, 2001 to $3,153,000 for the same period in 2002.
Interest income declined $412,000, or 7.0%, from $5,851,000 for the six months
ended June 30, 2001 to $5,439,000 for the first six months of 2002.  Interest
expense decreased $731,000, or 24.2%, from $3,017,000 in 2001 to $2,286,000 in
2002.

Interest income from loans was $5,256,000 for the first six months of 2002,
$221,000, or 4.0% less than the $5,477,000 recorded for the first six months
of 2001. Interest income from loans declined in 2002 due to a lower average
yield, which was a result of declining interest rates during 2001.  The prime
rate, the rate used by financial institutions in establishing the majority of
loan offering rates, declined from a high of 9.50% in January 2001 to 4.75% in
December 2001.  The prime rate has not changed in 2002.  The average yield on
the Company's loans decreased from 8.21% for the first six months of 2001 to
7.65% for the same period in 2002.  The total average balance of loans,
including mortgage loans held for sale, was $4.08 million higher in 2002,
increasing from $134.53 million in 2001 to $138.61 million in 2002.

The following schedule compares average total loan balances by major
categories for the first six months of fiscal 2002 to the same period in 2001:














                                 Average     Average
                                 Balance     Balance              Percentage
                                  2002        2001       Change     Change
----------------------------------------------------------------------------
One-to-four-family
  mortgage loans                $ 79,638    $ 78,758    $   880       1.1%
Multi-family mortgage loans       19,477      19,691       (214)     (1.1)
Commercial mortgage loans         15,366      16,781     (1,415)     (8.4)
Construction loans                 3,291       1,293      1,998     154.5
----------------------------------------------------------------------------
  Total real estate loans        117,772     116,523      1,249       1.1
Commercial loans                   9,172       7,444      1,728      23.2
Consumer loans                    12,774      11,491      1,283      11.2
----------------------------------------------------------------------------
  Total loans                    139,718     135,458      4,260       3.1
Allowance for loan losses         (1,109)       (927)      (182)    (19.6)
----------------------------------------------------------------------------
  Total loans, net              $138,609    $134,531    $ 4,078       3.0%
============================================================================

The increase in total average loan balances occurred mainly in one-to-four-
family residential mortgage, construction, commercial, and revolving home
equity loans.

The growth in one-to-four-family residential mortgage loans, including
mortgage loans held for sale, occurred primarily in 15 and 30 year fixed rate
home loans originated for sale.  Average construction loans increased due
mainly to one new commercial construction loan.  The increase in average total
commercial loans was due mainly to two large commercial loans entered into in
late 2001 and early 2002.  The total average balance of revolving home equity
loans increased by $1.60 million from $860,000 for the six months ended June
30, 2001 to $2.46 million for the same period in 2002.

Interest income from investment securities also decreased in 2002, from
$185,000 for the first six months in 2001 to $62,000 for the same period in
2002, a decrease of $123,000, or 66.5%.  The Company did not maintain
available-for-sale securities during the first six months of 2002, compared to
an average balance of $2.96 million in 2001.  The available-for-sale
securities held in 2001 were all U.S. Agency securities that were called in
the second and third quarters of 2001.  Interest income from held-to-maturity
securities declined from $88,000 for the six months ended June 30, 2001 to
$62,000 for the same period in 2002, mainly due to a decline in the average
balance of these investments.  The total average balance of held-to-maturity
securities declined from $2.62 million during the first six months of 2001 to
$1.87 million during the first six months of 2002.  Held-to-maturity
securities were comprised mainly of mortgage-backed securities in 2002 and
2001.  The average yield on investment securities increased slightly from
6.68% for the first six months of 2001 to 6.70% for the first six months of
2002.

Interest income from deposits with banks and other declined $68,000, or 36.0%,
from $189,000 for the first six months of 2001 to $121,000 for the first six
months of 2002.  The majority of these deposits are overnight funds, which
were affected by the sharp decline in market interest rates during 2001.
During 2001, the Federal Open Market Committee, or "FOMC", the Federal Reserve
Board's governing body that establishes the Federal funds rate and the
discount rate, lowered these key market interest rates 11 times for a total of
475 basis points.  The FOMC has not adjusted market rates since the last
reduction in December 2001.  The average balance of deposits with banks and
other increased from $7.51 million during the first six months of 2001 to
$12.90 million during the same period in 2002.  However, the average yield on
deposits with banks and other decreased from 5.07% for the first six months of
2001 to 1.89% for the first six months of 2002.

Interest expense decreased by $731,000, or 24.2%, from $3,017,000 for the six
months ended June 30, 2001 to $2,286,000 for the same period in 2002, due
mainly to interest expense on deposits.  Interest expense on deposits declined
$729,000, or 28.5%, from $2,558,000 for the six months ended June 30, 2001 to
$1,829,000 for the six months ended June 30, 2002.  This decrease was
primarily in interest expense on certificates of deposit, which declined
$632,000, or 29.8% in 2002.  Interest expense on certificates of deposit was
$1,491,000 in the first six months of 2002 compared to $2,123,000 for the
first six months of 2001.

Certificates of deposit interest expense declined due to a reduction in the
total average balance of certificates and a decrease in the average rate.
Total average certificates of deposit declined from $71.59 million in the
first six months of 2001 to $66.15 million in the first six months of 2002.
The decline in average certificates of deposit was primarily in the eighteen
month to two-year maturity categories, offset by increases in the total
average balances of shorter-term certificates, those maturing in one year or
less.  Because of the significant decline in market interest rates during
2001, many customers moved maturing certificates to shorter-term certificates
or into demand or savings accounts.  The average rate on certificates of
deposit declined from 5.98% for the six months ended June 30, 2001 to 4.55%
for the first six months of 2002.  Part of this decline was due to the shift
in the mix of certificates to shorter-term maturities, which usually carry a
lower rate.  Also, with the declining rate environment during 2001, the
Company lowered offering rates for new and renewing certificates.

Interest expense on interest-bearing demand and savings deposits also declined
in 2002, from $435,000 for the six months ended June 30, 2001 to $338,000 for
the six months ended June 30, 2002, a decline of $97,000, or 22.3%.  The
Company lowered rates paid on demand and savings accounts due to the decline
in general market interest rates during 2001.  The average balance of
interest-bearing demand and savings accounts increased $9.34 million, or
23.1%, from $40.52 million in the first six months of 2001 to $49.86 million
for the same period in 2002.

Interest expense on FHLB advances was $442,000 for the six months ended June
30, 2002 compared to $441,000 for the same period in 2001.  The average
balance of FHLB advances was $19.16 million for the first six months of 2002
compared to $17.59 million for the same period in 2001.  The average rate on
FHLB advances decreased from 5.06% for the six months ended June 30, 2001 to
4.65% for the six months ended June 30, 2002.

Net interest income as a percent of interest earning assets was 4.15% for the
six months ended June 30, 2002 versus 3.87% for the same period in 2001.  The
spread between the yield on interest-earning assets and the rate on interest-
bearing liabilities was 3.76% and 3.32% for the six months ended June 30, 2002
and 2001, respectively.

The provision for loan losses was $110,000 for the six months ended June 30,
2002 compared to $72,000 for the six months ended June 30, 2001.  The higher
provision in 2002 was due to an increase in the monthly provision based on the
Company's analysis of the loan portfolio and the adequacy of the allowance for
loan losses during the period.  The Company increased the monthly provision in
2002 primarily due to increased lending in commercial and consumer loan
categories.  Management assesses the adequacy of the allowance for loan losses
based on evaluating known and inherent risks in the loan portfolio and upon
management's continuing analysis of the factors underlying the quality of the
loan portfolio.  While management believes that, based on information
currently available, the allowance for loan losses is sufficient to cover
losses inherent in its loan portfolio at this time, no assurance can be given
that the level of the allowance for loan losses will be sufficient to cover
future possible loan losses incurred by the Company or that future adjustments
to the allowance for loan losses will not be necessary if economic and other
conditions differ substantially from the economic and other conditions used by
management to determine the current level of the allowance for loan losses.
Management may in the future increase the level of the allowance for loan
losses as a percentage of total loans and non-performing loans in the event it
increases the level of commercial real estate, multifamily, or consumer
lending as a percentage of its total loan portfolio.  In addition, various
regulatory agencies, as an integral part of their examination process,
periodically review the allowance for loan losses.  Such agencies may require
the Company to provide additions to the allowance based upon judgements
different from management.

During the first six months of 2002, the Company charged-off one consumer loan
totaling $1,000, and collected $3,000 in recoveries.  For the six months ended
June 30, 2001, the Company charged-off $18,000 in loans and collected $4,000
in recoveries.

Non-performing loans, which are loans past due 90 days or more and
non-accruing loans, totaled $190,000 at June 30, 2002, compared to $177,000 at
June 30, 2001.  Non-performing loans at June 30, 2002 consisted of four
residential mortgage loans totaling $133,000, and three consumer loans
totaling $57,000.  All of these loans were past due 90 days or more at June
30, 2002, with one consumer loan totaling $8,000 in non-accrual status.  The
ratio of the Company's allowance for loan losses to total loans was .86% at
June 30, 2002 and .67% at June 30, 2001.

Noninterest income totaled $1,485,000 for the six months ended June 30,
2002, compared to $1,050,000 for the same period in 2001, an increase of
$435,000, or 41.4%.  This increase was mostly due to commissions generated by
GTPS Insurance Agency and net gains from the sale of mortgage loans, net of
commissions.  Insurance sales commissions increased $209,000, or 34.7%, from
$602,000 reported for the first six months of 2001 to $811,000 for the first
six months of 2002, primarily due to commissions generated from new customers.
The Company sold $10.45 million in loans during the first six months of 2002,
recording net gains of $221,000, which includes both the cash gains on the
sale of loans totaling $106,000 and the gains from capitalizing mortgage
servicing rights of $115,000.  The Company had no loan sales during the first
six months of 2001.  The Company started selling one-to-four-family fixed rate
residential mortgage loans to Fannie Mae in July 2001 in order to provide
funding for additional loans and also to reduce interest rate risk due to the
decline in home mortgage rates during 2001.

Noninterest expense was $2,929,000 for the first six months of 2002, $46,000
or 1.6%, higher than the $2,883,000 recorded for the first six months of 2001,
mainly the result of increases in salaries and employee benefits expense and
other expenses, offset by a reduction in equipment expenses.  Salaries and
employee benefits expense increased $89,000, or 5.6%, from $1,583,000 for the
six months ended June 30, 2001 to $1,672,000 for the first six months of 2002,
due primarily to normal salary raises.  Equipment expenses were lower in 2002
due to a reduction in depreciation expense, mainly depreciation expense
related to the Bank's core processing software.  Other expenses increased by
$46,000, from $199,000 for the six months ended June 30, 2001 to $245,000 for
the six months ended June 30, 2002, partly due to costs associated with the
Company's debit card program implemented in late 2001.  Also, service charges
related to check processing and loan expenses tied mainly to the Company's
revolving home equity product were higher in 2002.

Total income taxes were $626,000 for the period ended June 30, 2002 and
$379,000 for the same period in 2001.  The effective tax rate for the six
months ended June 30, 2002 and 2001, were 39.1% and 40.8% respectively.


Comparison of Three Month Periods Ended June 30, 2002 and 2001

Net income for the three months ended June 30, 2002 was $469,000, an increase
of $180,000, or 62.3%, over the $289,000 recorded for the three months ended
June 30, 2001.  Basic earnings per share increased $0.25, from $0.30 for the
three months ended June 30, 2001 to $0.55 for the same period in 2002, while
diluted earnings per share increased $0.21, from $0.30 for 2001 to $0.51 in
2002.

Net income for the second quarter of 2002 was higher than net income for the
second quarter of 2001 mainly due to increases in net interest income and
noninterest income, offset by increases in the provision for loan losses and
noninterest expense.

Net interest income was $1,596,000 for the quarter ended June 30, 2002
compared to $1,452,000 for the quarter ended June 30, 2001, an increase of
$144,000, or 9.9%.  Because of the significant decline in general interest
rates during 2001, both interest income and interest expense were lower in the
second quarter of 2002 compared to the second quarter in 2001; however, the
decline in interest expense was greater.

Interest income decreased 8.5%, or $252,000, from $2,953,000 for the quarter
ended June 30, 2001 to $2,701,000 for the second quarter of 2002, primarily
due to reductions in interest income from loans and investment securities.
Interest income on loans decreased $191,000, or 6.8%, from $2,790,000 for the
quarter ended June 30, 2001 to $2,599,000 for the same quarter in 2002 due
primarily to a decline in the average yield on net loans.  The average yield
on net loans decreased from 8.17% for the second quarter of 2001 to 7.63% for
the second quarter of 2002.  The average balance of total loans only declined
slightly from $136.96 million during the second quarter of 2001 to $136.67
million for the second quarter of 2002.

Interest income on investment securities decreased from $91,000 for the three
months ended June 30, 2001 to $30,000 for the same period in 2002, due to a
reduction in average total investments.  Average total investments for the
second quarter of 2002 were $1.78 million, down $3.67 million, or 67.3%, from
$5.45 million for the second quarter of 2001.  This decline was mainly due to
U.S. agency securities being called in the second and third quarters of 2001,
and principal repayments on mortgage-backed securities.  The average yield on
investment securities for the three months ended June 30, 2002 was 6.78%,
while the average yield was 6.70% for the same period in 2001.

Interest income on deposits with banks and other was $72,000 for both the
quarters ended June 30, 2002 and 2001.  The average balance of deposits with
banks and other was $9.32 million higher for the quarter ended June 30, 2002
compared to the same quarter in 2001.  Average total deposits with banks and
other was $15.75 million for the second quarter of 2002 and $6.43 million for
the second quarter of 2001.  However, the average yield was significantly
lower in 2002 due to the sharp decline in short-term interest rates during
2001.  The average yield on deposits with banks and other was 1.83% for the
three months ended June 30, 2002 and 4.49% for the three months ended June 30,
2001.

Interest expense decreased $396,000, or 26.4%, from $1,501,000 for the three
months ended June 30, 2001 to $1,105,000 for the same period in 2002.  The
decrease was mainly due to a decline in the average rate paid on interest-
bearing deposits.  This decline was partly due to a shift in deposits from
longer-term, higher rate certificates of deposit to savings, NOW and money
market accounts.  The average rate on interest-bearing deposits declined from
4.53% for the quarter ended June 30, 2001 to 3.03% for the quarter ended June
30, 2002.  Average total interest-bearing deposits increased $4.02 million in
2002, from $112.35 million for the quarter ended June 30, 2001 to $116.37
million for the quarter ended June 30, 2002.  Average total interest-bearing
demand deposits - NOW, savings and money market accounts increased $10.28
million, from $41.30 million for the second quarter of 2001 to $51.58 million
for the second quarter of 2002.  Average total certificates of deposit
declined $6.26 million, from $71.05 million for the second quarter of 2001 to
$64.79 million for the second quarter of 2002.  The majority of the decrease
in average certificates of deposit occurred in 18-month to two-year
certificates.

Interest expense on FHLB advances decreased $8,000, from $225,000 for the
three months ended June 30, 2001 to $217,000 for the same period in 2002,
mainly due to a decline in the average rate.  The average total balance of
FHLB advances increased from $18.48 million for the second quarter of 2001 to
$18.92 million for the second quarter of 2002.  The average rate on FHLB
advances was 4.60% for the three months ended June 30, 2002, compared to 4.88%
for the three months ended June 30, 2001.

Net interest income as a percent of interest earning assets was 4.15% for the
three months ended June 30, 2002 versus 3.91% for the same period in 2001.
The spread between the yield on interest earning assets and the rate on
interest bearing liabilities was 3.76% and 3.38% for the three months ended
June 30, 2002 and 2001, respectively.

The provision for loan losses was $50,000 for the three months ended June 30,
2002 compared to $36,000 for the three months ended June 30, 2001.  The higher
provision in 2002 reflects an increase in the monthly provision for loan
losses due primarily to increased lending in commercial and consumer loans.

Noninterest income increased $182,000, or 34.8%, from $523,000 for the quarter
ended June 30, 2001 to $705,000 for the three months ended June 30, 2002.  The
increase was mainly due to higher commission income from insurance activities
and net gains from loan sales.  Insurance sales commissions were $349,000 for
the quarter ended June 30, 2002 compared to $283,000 for the same period in
2001, an increase of $66,000, or 23.3%.  The Company sold $5.35 million in
one-to-four-family residential mortgage loans during the second quarter of
2002, recording net gains of $115,000, which includes both the cash gains on
the sale of loans totaling $50,000 and the gains from capitalizing mortgage
servicing rights of $65,000.

Noninterest expense was $1,483,000 for the three months ended June 30, 2002
compared to $1,449,000 for the same period in 2001, an increase of $34,000, or
2.3%.  Noninterest expense was higher in 2002 primarily due to increases in
salary and benefits expense, which was $49,000, or 6.2%, higher in the second
quarter of 2002 compared to the second quarter of 2001.  Salary and benefits
expense was higher in 2002 due mainly to normal salary raises, and increases
in health insurance premiums and payroll taxes.

Total income taxes for the three months ended June 30, 2002 were $299,000,
compared to $201,000 recorded for the same period in 2001, an increase of
$98,000, or 48.8%.  The effective tax rates for the three months ended June
30, 2002 and 2001, were 38.9% and 41.0%, respectively.


Business Industry Segments

The Company's primary business involves the typical banking services of
generating loans and receiving deposits.  Through PASC, the Company also
provides insurance and brokerage services to customers.  The following segment
financial information has been derived from the internal profitability
reporting system used by management to monitor and manage the financial
performance of the Company.




                        Six Months Ended June 30, 2002
                          (unaudited, in thousands)

                                Insurance/
                    Banking     Brokerage
                    Services    Services     Company    Eliminations     Total
------------------------------------------------------------------------------

Interest income    $   5,439    $   --      $  5,439      $    --     $  5,439
Interest expense       2,286        --         2,286           --        2,286
Noninterest income       646       879         1,525          (40)       1,485
Net income               787       186           973           --          973
Total assets         165,293     1,220       166,513       (1,549)     164,964


                        Six Months Ended June 30, 2001
                          (unaudited, in thousands)

                                Insurance/
                    Banking     Brokerage
                    Services    Services     Company    Eliminations     Total
------------------------------------------------------------------------------

Interest income    $   5,851    $   --      $  5,851      $    --     $  5,851
Interest expense       3,017        --         3,017           --        3,017
Noninterest income       389       681         1,070          (20)       1,050
Net income               409       141           550           --          550
Total assets         164,966     1,003       165,969       (1,217)     164,752










                       Three Months Ended June 30, 2002
                          (unaudited, in thousands)

                                Insurance/
                    Banking     Brokerage
                    Services    Services     Company    Eliminations     Total
------------------------------------------------------------------------------

Interest income    $   2,701        --         2,701           --        2,701
Interest expense       1,105        --         1,105           --        1,105
Noninterest income       339       386           725          (20)         705
Net income               402        67           469           --          469


                       Three Months Ended June 30, 2001
                          (unaudited, in thousands)

                                Insurance/
                    Banking     Brokerage
                    Services    Services     Company    Eliminations     Total
------------------------------------------------------------------------------

Interest income    $   2,953        --         2,953           --        2,953
Interest expense       1,501        --         1,501           --        1,501
Noninterest income       207       326           533          (10)         523
Net income               227        62           289           --          289

Liquidity and Capital Resources

The Bank's primary sources of funds are deposits, principal and interest
payments on loans, and proceeds from mortgage loan sales.  While maturities
and scheduled amortization of loans are predictable sources of funds, deposit
flows and mortgage prepayments are greatly influenced by general interest
rates, economic conditions, and competition.  Office of Thrift Supervision
regulations require the Bank to maintain sufficient liquidity to ensure its
safe and sound operation.

A review of the Consolidated Statements of Cash Flows included in the
accompanying financial statements shows that the Company's cash and cash
equivalents ("cash") increased $8.76 million for the six months ended June 30,
2002, compared to a decrease of $731,000 for the six months ended June 30,
2001.  During the six months ended June 30, 2002, cash was primarily provided
from earnings, proceeds from sales of one-to-four-family residential mortgage
loans, loan repayments in excess of loan originations, an increase in demand,
money market, NOW and savings accounts, and proceeds from FHLB advances.
During this period, cash was primarily used to fund originations of loans held
for sale, a decrease in certificates of deposit, the repayment of FHLB
advances and to purchase treasury stock.

During the six months ended June 30, 2001, cash was primarily provided from
earnings, proceeds from maturities of securities, an increase in certificates
of deposit, and FHLB advances.  During this period, cash was primarily used to
fund loans, a decrease in demand, money market NOW and savings accounts, the
repayment of FHLB advances and to purchase treasury stock.

The Company's primary investment activity during the six months ended June 30,
2002 was the origination of loans, including mortgage loans held for sale.
During the six months ended June 30, 2002 and 2001, the Company originated
mortgage loans in the amounts of $13.11 million and $15.11 million,
respectively, commercial loans in the amounts of $3.12 million and $3.67
million, respectively, and consumer loans in the amounts of $5.62 million and
$5.64 million, respectively.

As of June 30, 2002, the Company had outstanding commitments (including
undisbursed loan proceeds) of $4.33 million.  The Company anticipates it will
have sufficient funds available to meet its current loan origination
commitments.  Certificates of deposit, which are scheduled to mature in one
year or less from June 30, 2002, totaled $46.77 million.  Management believes
a significant portion of such deposits will remain with the Company.

At June 30, 2002, the Bank exceeded all of its regulatory capital requirements
with tangible capital and core capital both at $10.68 million or 6.81% of
total adjusted tangible assets, core capital at $10.68 million or 6.81% of
adjusted total assets, and risk-based capital at $11.82 million or 12.53% of
total risk-weighted assets.  The required ratios are 1.5% for tangible capital
to tangible assets, 2% for core capital to total adjusted tangible assets,
4.0% for core capital to adjusted total assets and 8.0% for risk-based capital
to risk-weighted assets.

Current Accounting Issues

In September 2001, SFAS No. 142 "Goodwill and Other Intangible Assets" was
issued effective for the first period of all fiscal years beginning after
December 13, 2001, with early adoption permitted for entities with fiscal
years beginning after March 15, 2001.  SFAS No. 142 addresses how acquired
intangible assets should be accounted for in financial statements upon their
acquisition, and also how goodwill and other intangible assets should be
accounted for after they have been initially recognized in the financial
statements.  In general, non-goodwill intangible assets are to be amortized in
accordance with their estimated useful lives.  In addition, amortization of
goodwill has been eliminated, with capitalized goodwill now being subjected to
at least an annual assessment for impairment.  A two-step process is to be
used to determine, first whether an impairment exists, and then whether an
adjustment is required.  SFAS No. 142 was effective for the Company for the
fiscal quarter beginning January 1, 2002.  The Company adopted SFAS No. 142
and performed the initial impairment assessment as of January 1, 2002.  There
was no impairment of goodwill as of January 1, 2002.

In July 2001, SFAS No. 143, "Accounting for Asset Retirement Obligations" was
issued.  SFAS No. 143 establishes standards for accounting and reporting of
obligations associated with the retirement of tangible long-lived assets and
associated asset retirement costs.  SFAS No. 143 is effective beginning June
15, 2002.  The adoption of this Statement did not have an impact on the
Company.

In October 2001, SFAS No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets" was issued.  Under SFAS No. 144, long-lived assets to be
sold within one year must be separately identified and carried at the lower of
carrying value or fair value less costs to sell.

Long-lived assets expected to be held longer than one year are subject to
depreciation and must be written down to fair value upon impairment.  Long-
lived assets no longer expected to be sold within one year, such as some
foreclosed real estate, must be written down to the lower of current fair
value or fair value at the date of foreclosure adjusted to reflect
depreciation since acquisition.  SFAS No. 144 must be implemented by January
1, 2002.  The adoption of this Statement did not have an impact on the
Company.

PART II -- OTHER INFORMATION

   Item 1.  Legal Proceedings

       The Company is involved in various legal actions incident to its
business, none of which is believed by management to be material to the
financial condition of the Company.

   Item 2.  Changes in Securities

       Not applicable

   Item 3.  Defaults Upon Senior Securities

       Not applicable

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

       None

   Item 5.  Other Information

       Not Applicable

   Item 6.  Exhibits and Reports on Form 8-K

       a.  Exhibits

          3.1   Certificate of Incorporation of Great American Bancorp, Inc.*

          3.2   By-laws of Great American Bancorp, Inc.*

         11.0   Computation of earnings per share (filed herewith)

         99.0   Certifications of Chief Executive Officer and Chief Financial
                Officer (filed herewith)

        b.  Report on Form 8-K

           1.  On April 11, 2002, the Registrant filed a Current Report on
Form 8-K reporting information under Items 5 and 7, incorporating by reference
a press release dated April 9, 2002, relating to the Registrant's unaudited
results for the quarter ended March 31, 2002.


      _______________

      *   Incorporated herein by reference into this document from Form
          S-1 Registration Statement, as amended, filed on March 24, 1995,
          Registration No. 33-90614.


                               SIGNATURES


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


                                           Great American Bancorp, Inc.


      Dated:     August 13, 2002            /s/  George R. Rouse
             -----------------------      ----------------------------
                                           George R. Rouse
                                           President and
                                           Chief Executive Officer



      Dated:     August 13, 2002            /s/  Jane F. Adams
            --------------------------    ----------------------------
                                           Jane F. Adams
                                           Chief Financial Officer,
                                           Secretary and Treasurer

                                    Exhibit 11.0


Earnings per share (unaudited)

Earnings per share (EPS) were computed as follows
(dollar amounts in thousands except share data):

                                                    Six Months Ended
                                                     June 30, 2002
                                             -------------------------------
                                                        Weighted
                                                         Average   Per Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share

  Income available to common stockholders    $   973     849,908    $  1.14

Effect of Dilutive Securities
  Stock options                                           62,588
  Unearned incentive plan shares                           5,398
                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   973     917,894    $  1.06
                                             ===============================



                                                    Six Months Ended
                                                      June 30, 2001
                                             -------------------------------
                                                        Weighted
                                                         Average    Per Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share
  Income available to common stockholders    $   550     966,487    $  0.57

Effect of Dilutive Securities
  Stock options                                           12,035
  Unearned incentive plan shares                           6,404
                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   550     984,926    $  0.56
                                             ===============================











                                                   Three Months Ended
                                                     June 30, 2002
                                             -------------------------------
                                                        Weighted
                                                         Average   Per Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share

  Income available to common stockholders    $   469     845,132    $  0.55

Effect of Dilutive Securities
  Stock options                                           67,439
  Unearned incentive plan shares                           5,360
                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   469     917,931    $  0.51
                                             ===============================



                                                   Three Months Ended
                                                      June 30, 2001
                                             -------------------------------
                                                        Weighted
                                                         Average    Per Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share
  Income available to common stockholders    $   289     947,729    $  0.30

Effect of Dilutive Securities
  Stock options                                           15,756
  Unearned incentive plan shares                           6,097
                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   289     969,582    $  0.30
                                             ===============================

                              Exhibit 99.0


                          CERTIFICATION PURSUANT TO
                           18 U.S.C. SECTION 1350
                           AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


    In connection with the Quarterly Report of Great American Bancorp, Inc.
(the "Company") on Form 10-QSB for the period ending June 30, 2002 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, George R. Rouse, Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002, that:

        1.  The Report fully complies with the requirements of Section 13(a)
            or 15(d) of the Securities and Exchange Act of 1934; and

        2.  The information contained in the Report fairly presents, in all
            material respects, the financial condition and results of
            operations of the Company as of and for the period covered by the
            Report.




                                                /s/ George R. Rouse
                                               ----------------------------
                                                George R. Rouse
                                                Chief Executive Officer
                                                August 13, 2002

                          CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350
                            AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


    In connection with the Quarterly Report of Great American Bancorp, Inc.
(the "Company") on Form 10-QSB for the period ending June 30, 2002 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, Jane F. Adams, Chief Financial Officer of the Company, certify, pursuant to
18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002, that:

        1.  The Report fully complies with the requirements of Section 13(a)
            or 15(d) of the Securities and Exchange Act of 1934; and

        2.  The information contained in the Report fairly presents, in all
            material respects, the financial condition and results of
            operations of the Company.




                                                   /s/ Jane F. Adams
                                                   --------------------------
                                                   Jane F. Adams
                                                   Chief Financial Officer
                                                   August 13, 2002


1


22