UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

                  For the quarterly period ended September 30, 2000

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

        For the transition period from ____________ to _______________

                        Commission File Number 000-24907


                                IBL BANCORP, INC.
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


         LOUISIANA                                            72 - 1421499
-------------------------------                            ------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                             Identification No.)


                23910 RAILROAD AVE., PLAQUEMINE, LOUISIANA 70764
                ------------------------------------------------
                    (Address of principal executive offices)


Issuer's telephone number, including area code:  (225) 687-6337

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period  that the issuer was  required  to file such  reports),  and (2) has been
subject to such filing requirements for the past 90 days.   Yes  [X]   No [_]

Shares of common stock, par value $.01 per share, outstanding as of November 7,
2000: 210,870

Transitional Small Business Disclosure Format (check one):  Yes  [_]   No [X]

<PAGE>


                                IBL Bancorp, Inc.

                                   Form 10-QSB

                        Quarter Ended September 30, 2000

                         PART I - FINANCIAL INFORMATION

Interim Financial Information required by Rule 10-01 of Regulation S-X and
Item 303 of
Regulation S-B is included in this Form 10-QSB as referenced below:

Item 1 - Financial Statements

<TABLE>
<CAPTION>

                                                                                  Page
                                                                                  ----
<S>                                                                               <C>
Consolidated Statements Of Financial Condition At
September 30, 2000 (Unaudited) and December 31, 1999...............................3

Consolidated Statements Of Income and Comprehensive Income (Unaudited)
For the Three and  Nine Months Ended September 30, 2000 and 1999...................4

Consolidated Statements Of Changes in Shareholders' Equity  (Unaudited) For The
Three and Nine Months Ended September 30, 2000 and 1999............................6

Consolidated Statements Of Cash Flows (Unaudited) For the
Three and Nine Months Ended September 30, 2000 and 1999............................7

Notes to Consolidated Financial Statements.........................................8

Item 2   - Management's Discussion and Analysis or Plan
                  of Operations....................................................11

                           PART II - OTHER INFORMATION
Item 1   - Legal Proceedings.......................................................17
Item 2   - Changes in Securities and Use of Proceeds...............................17
Item 3   - Defaults Upon Senior Securities.........................................17
Item 4   - Submission of Matters to a Vote of Security Holders.....................17
Item 5   - Other Information.......................................................17
Item 6   - Exhibits and Reports on Form 8-K........................................17

Signatures.........................................................................18

</TABLE>








                                IBL BANCORP, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                    September 30, 2000 and December 31, 1999

<TABLE>
<CAPTION>

                                                                                  September 30,
                                                                                       2000                  December 31,
                                                                                   (Unaudited)                  1999
                                                                                   -----------               ----------
<S>                                                                         <C>                         <C>
ASSETS
Cash and amounts due from depository institutions........................   $            181,290        $            770,481
Interest-bearing deposits in other institutions..........................              1,246,005                   2,121,112
                                                                            --------------------        --------------------
         Total cash......................................................              1,427,295                   2,891,593
                                                                            --------------------        --------------------
Time deposits     .......................................................              1,302,000                   1,101,000
                                                                                  --------------              --------------
Securities held-to-maturity
Mortgage-backed sec. (estimated market value $2,085,896 and $2,308,395)..              2,129,702                   2,371,700
Municipal (market value approximates cost)...............................                 70,283                           -
Mortgage-backed securities available-for-sale (amortized
 cost $5,895,458 and $3,739,649).........................................              5,904,245                   3,732,565
                                                                            --------------------        --------------------
         Total investment securities.....................................              8,104,230                   6,104,265
                                                                            --------------------        --------------------
Loans receivable  .......................................................             20,693,285                  18,549,659
Less allowance for loan losses...........................................                395,880                     406,329
                                                                            --------------------        --------------------
         Loans receivable, net...........................................             20,297,405                  18,143,330
                                                                            --------------------        --------------------
Premises and equipment, net..............................................                137,508                     154,248
Federal Home Loan Bank stock, at cost....................................                193,900                     180,200
Accrued interest receivable..............................................                166,701                     108,581
Other assets       ......................................................                 37,735                      93,134
                                                                                      -----------                -----------
                  Total assets...........................................   $         31,666,774        $         28,776,351
                                                                            ====================        ====================

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits                                                                    $         24,425,355        $         22,884,393
Advances from Federal Home Loan Bank.....................................              3,301,000                   2,300,000
Advances by borrowers for taxes and insurance............................                 14,451                      12,821
Federal income taxes payable.............................................                 77,094                         477
Other liabilities and deferrals..........................................                148,858                      74,622
                                                                            --------------------        --------------------
                  Total liabilities......................................             27,966,758                  25,272,313
                                                                            --------------------        --------------------

Commitments and contingencies ...........................................                     -                            -
                                                                            --------------------        --------------------

Preferred stock - $.01 par, 2,000,000 shares authorized..................                     -                            -
Common stock - $.01 par, 5,000,000 shares authorized, 210,870 shares
 issued           .......................................................                  2,109                       2,109
Additional paid-in capital...............................................              1,740,729                   1,740,201
Unearned ESOP shares.....................................................               (134,952)                   (147,603)
Unearned RRP shares......................................................                (64,984)                    (44,193)
Retained earnings - substantially restricted.............................              2,151,315                   1,958,199
Accumulated other comprehensive income (loss)............................                  5,799                      (4,675)
                                                                            --------------------        ---------------------
                  Total  stockholders' equity............................              3,700,016                   3,504,038
                                                                            --------------------                 ------------
                  Total liabilities and stockholders' equity.............   $         31,666,774        $         28,776,351
                                                                            ====================        ======================
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       3


<PAGE>


                                IBL BANCORP, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                            AND COMPREHENSIVE INCOME
             Three and nine months ended September 30, 2000 and 1999

<TABLE>
<CAPTION>

                                           -----Three months ended-----    -----Nine months ended------
                                              09/30/00       09/30/99        09/30/00      09/30/99
                                            (Unaudited)     (Unaudited)    (Unaudited)    (Unaudited)
                                            -----------     -----------    -----------    -----------
<S>                                        <C>             <C>             <C>             <C>
INTEREST INCOME
Loans                                      $  421,085      $  366,768      $1,219,712      $1,098,511
Mortgage-backed securities                    134,964          80,766         363,277         192,107
FHLB stock and other securities                 3,126           2,430          11,767           7,012
Deposits                                       28,721          49,873         101,538         123,423
                                           ----------      ----------      ----------      ----------
         Total interest income                587,896         499,837       1,696,294       1,421,053
                                           ----------      ----------      ----------      ----------

INTEREST EXPENSE
Deposits
 Interest-bearing demand deposit
  accounts                                     36,165          24,007          92,560          65,048
 Passbook savings accounts                     21,544          22,478          73,397          70,415
 Certificate of deposit accounts              201,576         188,599         548,307         542,555
                                           ----------      ----------      ----------      ----------
         Total interest on deposits           259,285         235,084         714,264         678,018
Advances from Federal Home
 Loan Bank                                     48,489           9,945         117,693          21,349
                                           ----------      ----------      ----------      ----------
         Total interest expense               307,774         245,029         831,957         699,367
                                           ----------      ----------      ----------      ----------
                  Net interest income         280,122         254,808         864,337         721,686
Provision for losses on loans                   4,500           1,744           4,067           7,604
                                            ----------      ----------      ----------      ----------
NET INTEREST INCOME
 AFTER PROVISION FOR
 LOSSES ON LOANS                              275,622         253,064         860,270         714,082
                                           ----------      ----------      ----------      ----------
NON-INTEREST INCOME
Service charges on deposit accounts            20,136          20,516          57,717          59,684
Other                                           2,000           4,646          10,999          13,538
                                           ----------      ----------      ----------      ----------
         Total non-interest income             22,136          25,162          68,716          73,222
                                           ----------      ----------      ----------      ----------

NON-INTEREST EXPENSES
Compensation and benefits                      96,856          89,470         294,216         276,269
Occupancy                                       9,112           6,576          25,076          19,375
Furniture and equipment                         7,618          11,136          20,959          24,850
Deposit insurance premium                       1,215           3,170           3,636           9,468
Data processing                                15,357          21,288          45,214          59,923
Legal and other professional                   11,707          14,723          50,235          59,254
Advertising                                     4,909           4,536          14,907          11,474
Office supplies and postage                     8,456           9,313          28,155          25,010
Other taxes - share tax assessment              8,550              --          25,650              --
Other general and administrative               31,657          15,712          74,744          59,845
                                           ----------      ----------      ----------      ----------
         Total non-interest expenses          195,437         175,924         582,792         545,468
                                           ----------      ----------      ----------      ----------
</TABLE>


Continued. . .

                                       4

<PAGE>

<TABLE>
<CAPTION>


                                         ----Three months ended-----     ----Nine months ended----
                                           09/30/00        09/30/99      09/30/00       09/30/99
                                         (Unaudited)     (Unaudited)    (Unaudited)    (Unaudited)
                                         -----------     -----------    -----------    -----------
<S>                                      <C>             <C>             <C>            <C>
INCOME BEFORE PROVISION
 FOR INCOME TAXES .................      $ 102,321       $ 102,302       $ 346,194      $ 241,836

PROVISION FOR INCOME
 TAXES ............................         40,918          37,797         128,072         88,179
                                         =========       =========       =========      =========

NET INCOME ........................      $  61,403       $  64,505       $ 218,122      $ 153,657
                                         =========       =========       =========      =========

Basic earnings per share ..........      $     .32       $     .33       $    1.14      $     .79
                                         =========       =========       =========      =========

Diluted earnings per share ........      $     .31       $     .33       $    1.11      $     .79
                                         =========       =========       =========      =========


COMPREHENSIVE INCOME
Net income ........................      $  61,403       $  64,505       $ 218,122      $ 153,657
                                         =========       =========       =========      =========

Other comprehensive income (loss)
  Unrealized holding gains (losses)
   on securities during the period          22,631          19,607          15,871         (2,041)
  Income tax benefit (expense)
   related to unrealized holding
   gains (losses) .................         (7,695)         (6,666)         (5,397)           694
                                         ---------       ---------       ---------      ---------
Other comprehensive income (loss),
 net of  tax effects ..............         14,936          12,941          10,474         (1,347)
                                         ---------       ---------       ---------      ---------

Comprehensive income ..............      $  76,339       $  77,446       $ 228,596      $ 152,310
                                         =========       =========       =========      =========
</TABLE>




The accompanying notes are an integral part of these financial statements.


                                       5

<PAGE>


                                IBL BANCORP, INC.
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
                  Nine months ended September 30, 2000 and 1999



<TABLE>
<CAPTION>

                                                                                                               Retained
                                                                                                               Earnings-
                                                            Additional        Unearned        Unearned         Substan-
                                             Common         Paid - In           ESOP             RRP            tially
                                              Stock          Capital           Shares          Shares          Restricted
                                           -----------     -----------      ------------     -----------      -----------
<S>                                        <C>             <C>              <C>              <C>              <C>
BALANCE, DECEMBER 31, 1998 ...........     $     2,109     $ 1,740,254      $  (165,971)     $        --      $ 1,806,496
                                           -----------     -----------      -----------      -----------      -----------

COMPREHENSIVE INCOME
 (Unaudited)
Net income ...........................              --              --               --               --          153,657
Other comprehensive income, net of tax
  Unrealized losses on securities ....              --              --               --               --               --
                                           -----------     -----------      -----------      -----------      -----------
Comprehensive income .................              --              --               --               --          153,657
                                           -----------     -----------      -----------      -----------      -----------
ESOP shares released for allocation ..              --            (369)          14,150               --               --

Dividends ............................              --              --               --               --          (23,724)
                                           -----------     -----------      -----------      -----------      -----------

BALANCE, SEPTEMBER 30, 1999
 (Unaudited) .........................     $     2,109     $ 1,739,885      $  (151,821)     $        --      $ 1,936,429
                                           ===========     ===========      ===========      ===========      ===========
BALANCE, DECEMBER 31, 1999 ...........     $     2,109     $ 1,740,201      $  (147,603)     $   (44,193)     $ 1,958,199
                                           -----------     -----------      -----------      -----------      -----------
COMPREHENSIVE INCOME
 (Unaudited)
Net income ...........................              --              --               --               --          218,122
Other comprehensive income, net of tax
  Unrealized gains on securities .....              --              --               --               --               --
Comprehensive income .................              --              --               --               --          218,122
ESOP shares released for allocation ..              --             528           12,651               --            1,880
Acquisition of RRP shares ............              --              --               --          (20,791)              --
Dividends ............................              --              --               --               --          (26,886)
                                           -----------     -----------      -----------      -----------      -----------
BALANCE, SEPTEMBER 30, 2000
(Unaudited) ..........................     $     2,109     $ 1,740,729      $  (134,952)     $   (64,984)     $ 2,151,315
                                           ===========     ===========      ===========      ===========      ===========
</TABLE>

<TABLE>
<CAPTION>

                                             Accumulated
                                                Other
                                               Compre-
                                               hensive           Total
                                                Income          Equity
                                             ------------     -----------
<S>                                          <C>              <C>
BALANCE, DECEMBER 31, 1998 ...........       $      (293)     $ 3,382,595
                                             -----------      -----------

COMPREHENSIVE INCOME
 (Unaudited)
Net income ...........................                --          153,657
Other comprehensive income, net of tax
  Unrealized losses on securities ....            (1,347)          (1,347)
                                             -----------      -----------
Comprehensive income .................            (1,347)         152,310
                                             -----------      -----------
ESOP shares released for allocation ..                --           13,781

Dividends ............................                --          (23,724)
                                             -----------      -----------

BALANCE, SEPTEMBER 30, 1999
 (Unaudited) .........................       $    (1,640)     $ 3,524,962
                                             ===========      ===========
BALANCE, DECEMBER 31, 1999 ...........       $    (4,675)     $ 3,504,038
                                             -----------      -----------
COMPREHENSIVE INCOME
 (Unaudited)
Net income ...........................                --          218,122
Other comprehensive income, net of tax
  Unrealized gains on securities .....            10,474           10,474
                                             -----------      -----------
Comprehensive income .................            10,474          228,596
                                             -----------      -----------
ESOP shares released for allocation ..                --           15,059
Acquisition of RRP shares ............                --          (20,791)
Dividends ............................                --          (26,886)
                                             -----------      -----------
BALANCE, SEPTEMBER 30, 2000
(Unaudited) ..........................       $     5,799      $ 3,700,016
                                             ===========      ===========
</TABLE>


The accompanying notes are an integral part of these financial statements.

                                       6

<PAGE>



                                IBL BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  Nine months ended September 30, 2000 and 1999

<TABLE>
<CAPTION>
                                                                                   2000            1999
                                                                                (Unaudited)     (Unaudited)
                                                                                -----------     -----------
<S>                                                                            <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income ...............................................................     $   218,122      $   153,657
                                                                               -----------      -----------
Adjustments to reconcile net income to net cash provided by
 operating activities:
  Depreciation ...........................................................     .    18,023           19,512
  Provision for loan losses ..............................................           4,067            7,604
  ESOP contribution ......................................................          15,059           13,781
  Provision for deferred federal income tax benefit ......................          (3,503)          (2,666)
  Amortization of net premium on investment and mortgage-backed securities          10,012           14,073
  Net discount charged on installment loans ..............................          47,951           13,023
  Net loan fees deferred .................................................           7,144            1,911
  Stock dividends from Federal Home Loan Bank ............................         (11,600)          (6,900)
  Net increase in interest receivable ....................................         (58,120)         (34,354)
  Net decrease (increase) in other assets ................................          53,505          (16,263)
  Net increase (decrease) in interest payable ............................          11,460           (9,486)
  Net increase (decrease) in income taxes payable ........................          76,617          (54,403)
  Net increase in other liabilities ......................................          74,236           32,597
                                                                               -----------      -----------
         Total adjustments ...............................................         244,851          (21,571)
                                                                               -----------      -----------
Net cash provided by operating activities ................................         462,973          132,086
                                                                               -----------      -----------

CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans receivable .........................................      (2,213,237)      (1,118,714)
Purchases of securities available-for-sale ...............................      (2,773,385)      (2,440,995)
Principal payments received on mortgage-backed securities
 available-for-sale ......................................................         611,528          353,790
Purchases of securities held-to-maturity .................................        (262,871)        (450,495)
Principal payments received on mortgage-backed securities
 held-to-maturity ........................................................         500,905          409,557
Purchase of municipal obligation .........................................         (70,283)              --
Purchase of FHLB stock ...................................................          (2,100)              --
Proceeds from sale of foreclosed assets ..................................              --           10,500
Purchases of office property and equipment ...............................          (1,283)         (22,800)
Certificates of deposits acquired ........................................        (300,000)        (606,000)
Maturity of certificates of deposit ......................................          99,000          100,000
                                                                               -----------      -----------
Net cash used in investing activities ....................................      (4,411,726)      (3,765,157)
                                                                               -----------      -----------

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts .........................................       1,529,502        3,799,601
Net increase (decrease) in advances by borrowers for taxes and insurance .           1,630             (929)
Cash dividends ...........................................................         (26,886)         (23,724)
Acquisition of RRP shares ................................................         (20,791)              --
Advances from Federal Home Loan Bank .....................................       1,001,000        1,150,000
                                                                               -----------      -----------
Net cash provided by financing activities ................................       2,484,455        4,924,948
                                                                               -----------      -----------

NET INCREASE (DECREASE) IN CASH ..........................................      (1,464,298)       1,291,877
Cash - beginning of period ...............................................       2,891,593        1,858,498
                                                                               -----------      -----------
Cash - end of period .....................................................     $ 1,427,295      $ 3,150,375
                                                                               ===========      ===========
</TABLE>

The accompanying notes are an integral part of these financial statements

                                       7

<PAGE>


                                IBL BANCORP, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                               September 30, 2000

A:                BASIS OF PRESENTATION

                  The  accompanying  consolidated  financial  statements for the
                  period  ended  September  30, 2000 include the accounts of IBL
                  Bancorp, Inc. (the "Company") and its wholly owned subsidiary,
                  Iberville  Building and Loan Association (the  "Association").
                  Currently, the business and management of IBL Bancorp, Inc. is
                  primarily the business and management of the Association.  All
                  significant  intercompany  transactions and balances have been
                  eliminated in the consolidation.

                  The accompanying  consolidated  unaudited financial statements
                  were prepared in accordance with  instructions for Form 10-QSB
                  and,  therefore,  do  not  include  information  or  footnotes
                  necessary for a complete  presentation of financial  position,
                  results  of  operations  and  cash  flows in  conformity  with
                  generally  accepted  accounting   principles.   However,   all
                  adjustments  (consisting  only of normal  recurring  accruals)
                  which, in the opinion of management,  are necessary for a fair
                  presentation  of the  consolidated  financial  statements have
                  been  included.  The results of operations for the nine months
                  ended September 30, 2000 are not necessarily indicative of the
                  results to be expected for the year ending December 31, 2000.

B:                EMPLOYEE STOCK OWNERSHIP PLAN

                  The Company sponsors a leveraged employee stock ownership plan
                  (ESOP) that covers all employees who have at least one year of
                  service  with the  Company.  The ESOP  shares  initially  were
                  pledged as  collateral  for the ESOP  debt.  The debt is being
                  repaid  based on a  ten-year  amortization  and the shares are
                  being  released for allocation to active  employees  quarterly
                  over the ten-year period. The shares pledged as collateral are
                  deducted from stockholders'  equity as unearned ESOP shares in
                  the accompanying balance sheets.

                  As shares are released from  collateral,  the Company  reports
                  compensation  expense equal to the current market price of the
                  shares.  Dividends on allocated  ESOP shares are recorded as a
                  reduction of retained earnings;  dividends on unallocated ESOP
                  shares  are  applied  to  the  ESOP  debt  and  recorded  as a
                  reduction of unearned ESOP shares.  ESOP compensation  expense
                  was $13,663 for the nine months ended September 30, 2000 based
                  on the quarterly release of shares.

C:                RECOGNITION AND RETENTION PLAN

                  On October 20, 1999,  the  Company's  stockholders  approved a
                  Recognition and Retention Plan (RRP) as an incentive to retain
                  personnel  of  experience  and ability in key  positions.  The
                  shareholders  approved a total of 8,434  shares of stock to be
                  acquired  for the  Plan,  of  which  7,169  shares  have  been
                  allocated for distribution to key employees and directors.  As
                  shares are acquired for the plan,  the purchase price of these
                  shares is recorded as unearned  compensation,  a contra equity
                  account.  As the shares  are  distributed,  the contra  equity
                  account is reduced.
C:                RECOGNITION AND RETENTION PLAN (Continued)

                  The allocated  shares are earned by participants as plan share
                  awards  vest  over  a  specified  period.  If an  employee  or
                  non-employee  director plan participant is terminated prior to
                  the end of the vesting period for any reason other than death,
                  disability,  retirement or a change in control,  the recipient
                  shall  forfeit  the right to any shares  subject to the awards
                  which have not been earned.  The compensation  cost associated
                  with the plan is based on the market  price of the stock as of
                  the date on which the plan shares are earned.


                                       8
<PAGE>

                                IBL BANCORP, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                               September 30, 2000



                  A summary of the changes in restricted stock follows:

                                               Unawarded    Awarded
                                                 Shares      Shares
                                               ---------    --------
                 Balance, January 1, 1999 ..         --          --
                 Purchased by Plan .........      8,434          --
                 Granted ...................     (7,169)      7,169
                 Earned and issued .........         --      (2,390)
                                                 ------      ------
                 Balance, September 30, 2000      1,265       4,779
                                                 ======      ======


D:                STOCK OPTION PLAN

                  On October 20, 1999,  the  Company's  stockholders  approved a
                  stock option plan for the benefit of directors,  officers, and
                  other  key  employees.  An  amount  equal to 10% of the  total
                  number of common shares issued in the initial public  offering
                  or 21,087  shares are reserved  for  issuance  under the stock
                  option plan. The option exercise price cannot be less than the
                  fair value of the  underlying  common  stock as of the date of
                  the option grant and the maximum option term cannot exceed ten
                  years.

                  The stock  option  plan also  permits  the  granting  of stock
                  appreciation   rights  (SARs).  SARs  entitle  the  holder  to
                  receive,  in the form of cash or stock,  the  increase in fair
                  value of the Company`s common stock from the date of the grant
                  to the date of  exercise.  No SARs have been issued  under the
                  plan.


                  The following table  summarizes the activity  related to stock
                  options:

                                           Exercise    Available     Options
                                             Price     for Grant   Outstanding
                                             -----     ---------   -----------
                  At inception ........                  21,087           --
                  Granted .............     $ 10.50     (17,925)      17,925
                  Cancelled ...........                       --          --
                  Exercised ...........                       --          --
                                                         -------      ------
                  At September 30, 2000                    3,162      17,925
                                                         =======      =======





E:                EARNINGS PER SHARE

                  The following  table provides a  reconciliation  between basic
and diluted earnings per share:

<TABLE>
<CAPTION>
                                                            For the three months ended September 30, 2000
                                                            ---------------------------------------------
                                                                              Weighted
                                                                              Average
                                                                 Income        Shares       Per-Share
                                                              (Numerator)   (Denominator)     Amount
                                                              -----------   -------------   ---------
                  <S>                                           <C>           <C>           <C>
                  Net income ..............................     $61,403
                                                                -------
                  Basic earnings per share
                  Income available to common stockholders .      61,403       190,915       $   0.32
                                                                                            ========
                  Effect of dilutive securities
                  RRP shares granted ......................          --         4,778
                                                                 ------       -------
                  Diluted earnings per share
                  Income available to common stockholders +
                   assumed conversions ....................     $61,403       195,693       $   0.31
                                                                =======       =======       ========
                  </TABLE>



                                       9
<PAGE>

                                IBL BANCORP, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
                               September 30, 2000

<TABLE>
<CAPTION>
                                                            For the nine months ended September 30, 2000
                                                            --------------------------------------------
                                                                                           Weighted
                                                                                           Average
                                                                  Income       Shares     Per-Share
                                                               (Numerator)  (Denominator)  Amount
                                                               -----------  ------------  ---------
<S>                                                             <C>           <C>         <C>
                  Net income ..............................     $218,122
                                                                --------
                  Basic earnings per share
                  Income available to common stockholders .      218,122      190,927     $   1.14
                                                                                          ========
                  Effect of dilutive securities
                  RRP shares granted ......................           --        4,778
                                                                --------      -------
                  Diluted earnings per share
                  Income available to common stockholders +
                   assumed conversions ....................     $218,122      195,705     $   1.11
                                                                ========      =======     ========
</TABLE>



                  The computation of basic earnings per share includes  reported
                  net income in the numerator and the weighted average number of
                  shares  outstanding  of  195,272  for the three  months  ended
                  September  30, 1999 and 194,853 for the nine months then ended
                  in the denominator.




                                       10
<PAGE>


                        IBL BANCORP, INC. AND SUBSIDIARY
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

                  The following  discussion compares the consolidated  financial
condition of IBL Bancorp,  Inc. and Subsidiary at September 30, 2000 to December
31,  1999 and the  results of  operations  for the three and nine  months  ended
September  30, 2000 with the same periods in 1999.  Currently,  the business and
management of IBL Bancorp,  Inc. is primarily the business and management of the
Association.  This  discussion  should be read in  conjunction  with the interim
consolidated financial statements and footnotes included herein.

                    This  quarterly  report on Form 10-QSB  includes  statements
that may constitute  forward-looking  statements,  usually  containing the words
"believe",   "estimate",   "expect",  "intend"  or  similar  expressions.  These
statements  are made  pursuant  to the safe  harbor  provisions  of the  Private
Securities Litigation Reform Act of 1995.  Forward-looking statements inherently
involve  risks and  uncertainties  that  could  cause  actual  results to differ
materially from those reflected in the forward-looking statements.  Factors that
could cause future results to vary from current  expectations  include,  but are
not limited to, the following:  changes in economic  conditions  (both generally
and more specifically in the markets in which the Company operates);  changes in
interest rates,  deposit flows, loan demand, real estate values and competition;
changes in  accounting  principles,  policies or  guidelines  and in  government
legislation  and  regulation  (which change from time to time and over which the
Company has no control);  and other risks detailed in this  quarterly  report on
Form 10-QSB and the Company's other Securities and Exchange  Commission filings.
Readers  are  cautioned  not to place undue  reliance  on these  forward-looking
statements,  which reflect management's analysis only as of the date hereof. The
Company  undertakes  no  obligation  to publicly  revise  these  forward-looking
statements to reflect events or circumstances that arise after the date hereof.

                    IBL   Bancorp,   Inc.  is  the   holding   company  for  the
Association.  Substantially  all of the Company's  assets are currently held in,
and its operations are conducted  through,  its sole subsidiary the Association.
The  Company's  business  consists  primarily of  attracting  deposits  from the
general  public  and using such  deposits  to make  loans for the  purchase  and
construction of residential  properties.  The Company also originates commercial
real estate loans and various types of consumer loans.

Changes in Financial Condition

                  The Company's total assets increased  $2,890,000 or 10.0% from
$28.8 million at December 31, 1999 to $31.7 million at September 30, 2000.  This
increase was primarily  due to increases of $2,154,000 in net loans  receivable,
$2,000,000  in  investment  securities,  and  $201,000 in time  deposits.  These
increases were offset by a decrease in cash and cash equivalents of $1,464,000.

                  The   mortgage-backed   securities   portfolio   increased  by
$1,930,000  or 31.6% from  $6,104,000  at  December  31, 1999 to  $8,034,000  at
September  30, 2000,  due to purchases of $3,036,000 in the first nine months of
2000 funded by increases in deposits, advances from

Federal Home Loan Bank and the  reallocation  of the excess  liquidity  that was
built up in accordance with the Company's Year 2000 Plan.

                  The Company also  purchased a municipal  bond in the amount of
$70,000 in the first nine months of 2000. At December 31, 1999,  the Company had
no municipal bonds.

                  The demand for mortgage loans in the Association's market area
increased  during  the  past  nine  months.  The net  loan  portfolio  increased
$2,154,000  or 11.9% from  $18,143,000  at December 31, 1999 to  $20,297,000  at
September 30, 2000. This increase consisted mainly of single-family  residential
mortgage loans and was also funded by increases in deposits and the reallocation
of Year 2000 cash.

                  Time deposits  increased by $201,000 or 18.3% from  $1,101,000
at December 31, 1999 to  $1,302,000  at September  30, 2000.  This  increase was
primarily due to the purchase of short-term certificates of deposit.

                    Cash and amounts due from depository  institutions decreased
by $589,000 or 76.5% from $770,000 at December 31, 1999 to $181,000 at September
30, 2000.  Interest-bearing deposits in other institutions decreased by $875,000
or 41.3% from  $2,121,000  at December 31, 1999 to  $1,246,000  at September 30,
2000.  Both of these  decreases  were primarily due to the  reallocation  of the
excess  liquidity  that was built up in accordance  with the Company's Year 2000
Plan.


                                       11
<PAGE>

                  Deposits  increased by $1,541,000 or 6.7% from  $22,884,000 at
December 31, 1999 to $24,425,000 at September 30, 2000. This increase was offset
by a $628,000 decrease in governmental funds on deposit at the Association.

                    Advances from Federal Home Loan Bank increased $1,001,000 or
43.5% from  $2,300,000 at December 31, 1999 to $3,301,000 at September 30, 2000.
This increase was primarily used for the purchase of mortgage-backed securities.

                    Total stockholders'  equity increased by $196,000 during the
past nine months.  Net income of $218,000,  a $13,000  decrease in unearned ESOP
shares  which  caused a  $2,000  increase  in  retained  earnings  substantially
restricted,  a  $10,000  increase  in  unrealized  gains  on  available-for-sale
investment  securities  and a $1,000  increase  in  additional  paid-in  capital
increased  stockholders'  equity during the period. These factors were partially
offset by the  payment of three  quarterly  dividends  totaling  $27,000  and an
increase in unearned  RRP shares of $21,000  during this  period.  Stockholders'
equity  at  September  30,  2000  totaled  $3,700,000  or 11.7% of total  assets
compared  to  stockholders'  equity of  $3,504,000  or 12.2% of total  assets at
December 31, 1999.

                  The  Association's  total  classified  assets  for  regulatory
purposes at September 30, 2000 (excluding loss assets specifically reserved for)
amounted to $633,000,  all of which was classified as  substandard.  The largest
classified  asset at September 30, 2000  consisted of a $70,000  adjustable-rate
residential loan. The remaining  $563,000 of substandard assets at September 30,
2000 consisted of 17 residential mortgage loans totaling $453,000 and 7 consumer
loans totaling $110,000.

Results of Operations

                  The  profitability of the Company depends primarily on its net
interest income, which is the difference between interest and dividend income on
interest-earning  assets,  principally loans,  mortgage-backed  securities,  and
investment  securities,  and interest expense on  interest-bearing  deposits and
borrowings.  Net interest  income is dependent  upon the level of interest rates
and the extent to which such rates are  changing.  The  Company's  profitability
also is dependent,  to a lesser extent, on the level of its non-interest income,
provision for loan losses,  non-interest  expense and income taxes.  In the nine
months ended  September 30, 2000 and 1999, net interest  income after  provision
for loan losses exceeded total non-interest expense.  Total non-interest expense
consists of general, administrative and other expenses, such as compensation and
benefits,  furniture and equipment  expense,  federal  insurance  premiums,  and
miscellaneous other expenses.

                  Net income  decreased  by $3,000 or 4.8% in the quarter  ended
September 30, 2000 and increased by $64,000 or 42.0% in the first nine months of
2000 compared to the respective 1999 periods.  The decrease in the September 30,
2000 quarter was due to a $19,500  increase in  non-interest  expense,  a $3,000
increase in provision for income tax, a $3,000 decrease in  non-interest  income
and a $3,000  increase in provision for loan losses.  These items were partially
offset by a $25,500 increase in net interest income.  The increase in net income
for the  nine-month  period  ending  September  30, 2000 was primarily due to an
increase of $146,000 in net  interest  income  after  provision  for loan losses
offset by a $40,000  increase in provision for income taxes, a $37,000  increase
in non-interest expenses and a $5,000 decrease in non-interest income.

                    The  $25,500  increase in net  interest  income in the third
quarter of 2000, over the same period in 1999, was primarily due to increases in
interest-earning  assets  funded by increased  deposits  and  advances  from the
Federal  Home Loan  Bank.  This  increase  in net  interest  income  can also be
attributed to an increase in the average  interest rate spread from 3.15% in the
quarter  ended  September  30, 1999 to 3.20% in the third  quarter of 2000.  The
average yield on  interest-earning  assets  increased  from 7.03% in the quarter
ended  September  30,  1999 to 7.73% in the  third  quarter  of 2000,  while the

                                       12
<PAGE>

average rate on interest-bearing  liabilities  increased from 3.88% in the third
quarter of 1999 to 4.53% in the third quarter of 2000.  The  increased  yield on
assets was primarily due to higher yields on the  Association's  adjustable-rate
mortgage loans and adjustable-rate  mortgage-backed securities. This increase in
asset  yield can also be  attributed  to the  reallocation  of the  excess  cash
liquidity  built up for the Year  2000  into  higher  yielding  interest-earning
assets.

                  The $143,000 increase in net interest income in the first nine
months of 2000 compared to the first nine months of 1999 was also  primarily due
to  increases  in  interest-earning  assets  funded by  increased  deposits  and
advances from Federal Home Loan Bank. The increase in net interest income during
this period can also be attributed  to an increase in the average  interest rate
spread from 3.09% in the nine month period ending September 30, 1999 to 3.42% in
the  nine  month  period  ending  September  30,  2000.  The  average  yield  on
interest-earning assets increased from 7.06% in the first nine months of 1999 to
7.62%  in  the  first  nine  months  of  2000,   while  the   average   rate  on
interest-bearing liabilities increased from 3.97% to 4.20% over the same period.
This increase in asset yield can also be attributed to the  reallocation  of the
excess liquidity built up for the Year 2000 into higher interest-earning assets.




                                       13
<PAGE>



                  Total  interest  income  increased  by $88,000 or 17.6% in the
quarter ended  September  30, 2000 and increased  $275,000 or 19.4% in the first
nine months of 2000 over the comparable  1999 periods due to higher balances and
higher yields.  The average balance of total  interest-earning  assets increased
from  $26.2  million in the first  nine  months of 1999 to $30.1  million in the
first nine months of 2000.

                    Total interest expense increased by $63,000 or 25.6% for the
quarter ended September 30, 2000 and $132,000 or 19.0% for the first nine months
of 2000 compared to the  respective  1999  periods.  The increase in the quarter
period was  primarily  due to an increase in interest  paid on Federal Home Loan
Bank  advances  of $39,000 and an  increase  in total  interest  paid on deposit
accounts of $24,000.  The increase in the nine-month period was primarily due to
an increase in interest  paid on Federal Home Loan Bank  advances of $96,000 and
an increase in total interest paid on deposit accounts of $36,000.  The increase
in interest paid on deposits and advances is a result of both higher volumes and
higher average interest rates paid.

                    The  provision  for loan losses  increased by $3,000 for the
quarter ended  September 30, 2000 and decreased  $4,000 in the first nine months
of  2000  from  the  comparable  1999  periods.   At  September  30,  2000,  the
Association's  total non-accruing loans amounted to $405,000.  The allowance for
loan losses amounted to $396,000 at September 30, 2000, representing 1.9% of the
total  loans held in  portfolio  and 97.8% of total  non-accruing  loans at such
date. The analysis of the provision for loan losses led to the  conclusion  that
the  allowance for loan losses needed to be increased by $4,500 in the September
quarter in light of the current asset quality of the loan portfolio.

                    Non-interest  income  decreased  by  $3,000  or 12.0% in the
quarter ended September 30, 2000 and decreased  $5,000 or 6.2% in the first nine
months of 2000 from the comparable 1999 periods. The decrease in the quarter was
primarily due to a $3,000 decrease in commissions on credit life insurance.  The
decrease in the nine-month period was primarily due to a decrease in commissions
on credit life insurance of $3,000 and a decrease in service  charges on deposit
accounts of $2,000.

                    Non-interest  expenses  increased by $20,000 or 11.1% in the
quarter ended September 30, 2000 and increased $37,000 or 6.8% in the first nine
months of 2000 from the comparable 1999 periods. The increase in the quarter was
primarily  due to  increases  of $16,000 in other  general  and  administrative,
$9,000 in other  taxes,  $7,000  in  compensation  and  benefits  and  $3,000 in
occupancy.  These  increases in non-interest  expenses were partially  offset by
decreases  of $6,000 in data  processing,  $4,000 in  furniture  and  equipment,
$3,000 in legal and other  professional and $2,000 in deposit insurance premium.
The increase in the nine-month  period was primarily due to increases of $26,000
in other taxes,  $18,000 in compensation and benefits,  $15,000 in other general
and  administrative,  $6,000 in occupancy,  $3,000 in advertising  and $3,000 in
office supplies and postage. These increases in non-interest expense were offset
primarily by decreases of $15,000 in data processing,  $9,000 in legal and other
professional,  $6,000 in deposit  insurance  premium and $4,000 in furniture and
equipment.

                  The $26,000  increase in other taxes for the nine months ended
September  30,  2000  over the same  period in 1999 was  caused  by the  Company
beginning to accrue for a parish and city tax which is assessed on publicly held
companies.


                  The $18,000 increase in compensation and benefits for the nine
months  ended  September  30, 2000 was due  primarily to increases of $10,000 in
compensation for officers and employees, $5,000 in ESOP contributions, $4,000 in
employee retirement contributions, $3,500 in compensation for directors and $500
in payroll taxes.  These increases were partially offset by a $5,000 decrease in
other employee benefits.

                  The  increase of $15,000 in other  general and  administrative
for the nine  months  ended  September  30,  2000 was  primarily  caused  by the
reclassification of $8,500 in FHLB demand deposit charges into other general and
administrative  from data processing  expense.  The $15,000 increase was further
caused by increases of $6,000 in other operating expense, $2,000 in officers and

                                       14
<PAGE>

employees  expense  account,  $1,000  in dues and  subscriptions  and  $1,000 in
franchise tax. These  increases were partially  offset by decreases of $2,500 in
loan expense and $1,000 in supervisory examination fees.

                  The increase of $6,000 in occupancy  for the nine months ended
September  30, 2000 was primarily  due to a $4,000  increase in office  building
taxes and assessments and a $1,000 increase in both office building depreciation
and utilities.

                  The increase in provision for income taxes is primarily due to
an increase in pre-tax earnings.

Liquidity and Capital Resources

                  The   Association   is  required  under   applicable   federal
regulations to maintain  specified levels of "liquid"  investments in qualifying
types of U.S. Government, federal agency and other investments having maturities
of up to five years.  Current OTS regulations require that a savings institution
maintain  liquid  assets of not less than 4% of its average daily balance of net
withdrawable  deposit  accounts and  borrowings  payable in one year or less. At
September  30, 2000,  the  Association's  liquidity  was 9.1% or $1.3 million in
excess of the minimum OTS requirement.

                  The  Association  is required to maintain  regulatory  capital
sufficient to meet tangible,  core and risk-based  capital ratios of 1.5%, 4.0%,
and 8.0%,  respectively.  At September 30, 2000, the Association's  tangible and
core capital both  amounted to $3.1 million or 9.9% of adjusted  total assets of
$31.1 million, and the Association's risk-based capital amounted to $3.3 million
or 20.5% of adjusted risk-weighted assets of $15.9 million.






As of September 30, 2000, the Association's unaudited regulatory capital
requirements are as indicated in the following table:
(Dollars In Thousands)

                                           TANGIBLE       CORE     RISK-BASED
                                            CAPITAL     CAPITAL     CAPITAL
                                            -------     -------     -------
GAAP Capital                                $3,063      $3,063      $3,063

Unrealized loss on securities available
for sale net of taxes                           --          (6)         (6)
Additional Capital Items:
    General Valuation Allowances                --          --         200
                                            ------      ------      ------
Regulatory Capital Computed                  3,063       3,057       3,257

Minimum Capital Requirement                    466       1,242       1,276
                                            ------      ------      ------
Regulatory Capital Excess                   $2,597      $1,815      $1,981
                                            ======      ======      ======
Regulatory Capital as a
         Percentage                           9.86%       9.86%      20.46%

Minimum Capital Required
         as a Percentage                      1.50%       4.00%       8.00%
                                            ------      ------      ------

Regulatory Capital as a
  Percentage in Excess
    of Requirements                           8.36%       5.86%      12.46%
                                            ======      ======      ======


                                       15
<PAGE>



                  Based on the above capital ratios,  the Association  meets the
criteria  for a "well  capitalized"  institution  at  September  30,  2000.  The
Association's  management  believes  that  under the  current  regulations,  the
Association  will  continue  to meet its  minimum  capital  requirements  in the
foreseeable future. However, events beyond the control of the Association,  such
as increased  interest  rates or a downturn in the economy of the  Association's
area,  could adversely affect future earnings and  consequently,  the ability of
the Association to continue to exceed its future minimum capital requirements.

The Year 2000

                  The Association did not experience any interruption in service
or computer difficulties relating to the start of Year 2000. Additional expenses
for issues  related to the Year 2000 are not expected to be  incurred;  however,
management will continue to monitor our data processing.



                                       16
<PAGE>





                                IBL Bancorp, Inc.

Form 10-QSB
Quarter Ended September 30, 2000



PART II - OTHER INORMATION


Item 1 - Legal Proceedings:
             There are no matters required to be reported under this item.

Item 2 - Changes in Securities and Use of Proceeds:
             There are no matters required to be reported under this item.

 Item 3 - Defaults Upon Senior Securities:
             There are no matters required to be reported under this item.

Item 4 -Submission of Matters to a Vote of Security Holders:
             There are no matters required to be reported under this item.

Item 5 - Other Information:
             There are no matters required to be reported under this item.

Item 6 - Exhibits and Reports on Form 8-K:

           (a) The following exhibit is filed herewith:

                  EXHIBIT NO.              DESCRIPTION
                    27.1             Financial Data Schedule

           (b) Reports on Form 8-K:

                  No reports on Form 8-K were filed by the Registrant during the
                  quarter ended September 30, 2000.



                                       17
<PAGE>




                                   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. IBL BANCORP, INC. Registrant


Date:  November 7, 2000           By:  /s/ G. Lloyd Bouchereau, Jr.
                                       ----------------------------------------
                                       G. Lloyd Bouchereau, Jr., President and
                                            Chief Executive Officer

Date:   November 7, 2000          By:  /s/ Gary K.Pruitt
                                       ----------------------------------------
                                       Gary K. Pruitt
                                            Secretary



                                       18