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 June 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 August 7,
2000: 210,870

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


<PAGE>

                                IBL Bancorp, Inc.

                                   Form 10-QSB

                           Quarter Ended June 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:

                                                                            Page
Item 1 - Financial Statements

Consolidated Statements Of Financial Condition At  June 30, 2000
(Unaudited) and December 31, 1999............................................3


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


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

Consolidated Statements Of Cash Flows (Unaudited) For the
Three and Six Months Ended June 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.................................18

Signatures...................................................................19


                                       2

<PAGE>


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

<TABLE>
<CAPTION>

                                                                                           June 30,             December 31,
                                                                                            2000                    1999
                                                                                         (Unaudited)
                                                                                         -----------            -----------
<S>                                                                                    <C>                   <C>
ASSETS
Cash and amounts due from depository institutions...............................       $     150,010         $    770,481
Interest-bearing deposits in other institutions ................................           1,162,893            2,121,112
                                                                                       -------------         ------------
      Total cash ...............................................................           1,312,903            2,891,593
                                                                                       -------------         ------------
Time deposits ..................................................................           1,401,000            1,101,000
                                                                                       -------------         ------------
Securities held-to-maturity
 Mortgage-backed (estimated market value $2,392,794 and $2,308,395) ............           2,459,130            2,371,700
 Municipal (market value approximates cost) ....................................              70,283                    -
Mortgage-backed securities available-for-sale (amortized
 cost $4,926,585 and $3,739,649) ...............................................           4,912,741            3,732,565
                                                                                       -------------         ------------
      Total investment securities ..............................................           7,442,154            6,104,265
                                                                                       -------------         ------------
Loans receivable ...............................................................          19,885,046           18,549,659
Less allowance for loan losses .................................................             391,380              406,329
                                                                                       -------------         ------------
      Loans receivable, net ....................................................          19,493,666           18,143,330
                                                                                       -------------         ------------
Premises and equipment, net ....................................................             143,767              154,248
Federal Home Loan Bank stock, at cost ..........................................             190,800              180,200
Accrued interest receivable ....................................................             141,945              108,581
Other assets ...................................................................              37,281               93,134
                                                                                       -------------         ------------
            Total assets........................................................       $  30,163,516         $ 28,776,351
                                                                                       =============         ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits .......................................................................       $  23,858,031         $ 22,884,393
Advances from Federal Home Loan Bank ...........................................           2,500,000            2,300,000
Advances by borrowers for taxes and insurance ..................................              16,428               12,821
Federal income taxes payable ...................................................              53,868                  477
Other liabilities and deferrals ................................................             107,551               74,622
                                                                                       -------------         ------------
            Total liabilities ..................................................          26,535,878           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 .....................................................           1,740,571            1,740,201
Unearned ESOP shares ...........................................................            (139,169)            (147,603)
Unearned RRP shares ............................................................             (64,984)             (44,193)
Retained earnings - substantially restricted ...................................           2,098,248            1,958,199
Accumulated other comprehensive loss ...........................................              (9,137)              (4,675)
                                                                                       -------------         ------------
            Total  stockholders' equity ........................................           3,627,638            3,504,038
                                                                                       -------------         ------------
            Total liabilities and stockholders' equity..........................      $   30,163,516         $ 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 six months ended June 30, 2000 and 1999
<TABLE>
<CAPTION>

                                          -----Three months ended-----      ------Six months ended------
                                            06/30/00        06/30/99          06/30/00         06/30/99
                                          (Unaudited)      (Unaudited)      (Unaudited)       (Unaudited)
<S>                                       <C>              <C>              <C>              <C>
INTEREST INCOME
Loans .............................       $  406,596       $  374,670       $  798,627       $  731,743
Mortgage-backed securities ........          122,854           56,890          228,313          111,341
FHLB stock and other securities ...            5,889            2,266            8,641            4,582
Deposits ..........................           32,187           42,501           72,817           73,550
                                          ----------       ----------       ----------       ----------
      Total interest income .......          567,526          476,327        1,108,398          921,216
                                          ----------       ----------       ----------       ----------
INTEREST EXPENSE
Deposits
 Interest-bearing demand deposit
  accounts ........................           28,566           22,706           56,395           41,041
 Passbook savings accounts ........           26,109           24,184           51,853           47,937
 Certificate of deposit accounts ..          176,660          179,401          346,731          353,956
                                          ----------       ----------       ----------       ----------
      Total interest on deposits ..          231,335          226,291          454,979          442,934
Advances from Federal Home
 Loan Bank ........................           39,316            5,702           69,204           11,404
                                          ----------       ----------       ----------       ----------
      Total interest expense ......          270,651          231,993          524,183          454,338
                                          ----------       ----------       ----------       ----------
            Net interest income ...          296,875          244,334          584,215          466,878
Provision for losses on loans .....               --            2,720               --            5,860
                                          ----------       ----------       ----------       ----------
NET INTEREST INCOME
 AFTER PROVISION FOR
 LOSSES ON LOANS ..................          296,875          241,614          584,215          461,018
                                          ----------       ----------       ----------       ----------
NON-INTEREST INCOME
Service charges on deposit accounts           19,792           20,779           37,581           39,168
Other .............................            4,886            5,586            9,432            8,892
                                          ----------       ----------       ----------       ----------
      Total non-interest income ...           24,678           26,365           47,013           48,060
                                          ----------       ----------       ----------       ----------
NON-INTEREST EXPENSES
Compensation and benefits .........           97,975           92,654          197,360          186,799
Occupancy .........................            7,909            6,740           15,964           12,799
Furniture and equipment ...........            5,490            6,115           13,341           13,714
Deposit insurance premium .........            1,177            3,083            2,421            6,298
Data processing ...................           17,724           19,607           35,223           38,635
Legal and other professional ......           15,873           31,292           38,528           44,531
Advertising .......................            5,237            3,428            9,998            6,938
Office supplies and postage .......           11,260            6,682           19,699           15,697
Other taxes - share tax assessment             8,550               --           17,100               --
Other general and administrative ..           19,834           25,922           37,721           44,133
                                          ----------       ----------       ----------       ----------
      Total non-interest expenses .          191,029          195,523          387,355          369,544
                                          ----------       ----------       ----------       ----------
</TABLE>

Continued ...

                                       4
<PAGE>

<TABLE>
<CAPTION>

                                               -----Three months ended-----           ------Six months ended------
                                               06/30/00            06/30/99            06/30/00          06/30/99
                                             (Unaudited)         (Unaudited)         (Unaudited)        (Unaudited)
<S>                                          <C>                 <C>                 <C>                 <C>
INCOME BEFORE PROVISION
 FOR INCOME TAXES .................          $ 130,524           $  72,456           $ 243,873           $ 139,534

PROVISION FOR INCOME
 TAXES ............................             48,919              23,616              87,154              50,382
                                             ---------           ---------           ---------           ---------

NET INCOME ........................          $  81,605           $  48,840           $ 156,719           $  89,152
                                             =========           =========           =========           =========

Basic earnings per share ..........          $     .43           $     .25           $     .82           $     .46
                                             =========           =========           =========           =========

Diluted earnings per share ........          $     .42           $     .25           $     .80           $     .46
                                             =========           =========           =========           =========


COMPREHENSIVE INCOME
Net income ........................          $  81,605           $  48,840           $ 156,719           $  89,152
                                             ---------           ---------           ---------           ---------

Other comprehensive income (loss)
  Unrealized holding gains (losses)
   on securities during the period               2,905             (18,074)             (6,760)            (21,648)
  Income tax benefit (expense)
   related to unrealized holding
   gains (losses) .................               (988)              6,145               2,298               7,360
                                             ---------           ---------           ---------           ---------
Other comprehensive income (loss),
 net of  tax effects ..............              1,917             (11,929)             (4,462)            (14,288)
                                             ---------           ---------           ---------           ---------

Comprehensive income ..............          $  83,522           $  36,911           $ 152,257           $  74,864
                                             ---------           ---------           ---------           ---------

</TABLE>

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


                                      5
<PAGE>


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

<TABLE>
<CAPTION>


                                                                              Additional           Unearned      Unearned
                                                                 Common        Paid - In             ESOP           RRP
                                                                 Stock         Capital              Shares        Shares
                                                             -----------      -----------       ------------  -------------

<S>                                                          <C>              <C>               <C>           <C>
BALANCE, DECEMBER 31, 1998 ............................      $     2,109      $ 1,740,254       $   (165,971) $          --
                                                             -----------      -----------       ------------  -------------
COMPREHENSIVE INCOME
 (Unaudited)
Net income ............................................               --               --                 --            --

Other comprehensive income, net of tax
  Unrealized losses on securities .....................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
Comprehensive income ..................................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
ESOP shares released for allocation ...................               --             (580)             9,933             --
Dividends .............................................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
BALANCE, JUNE 30, 1999
 (Unaudited) ..........................................      $     2,109      $ 1,739,674       $   (156,038) $          --
                                                             ===========      ===========       ============  =============

BALANCE, DECEMBER 31, 1999 ............................      $     2,109      $ 1,740,201       $   (147,603) $   (44,193)$
                                                             -----------      -----------       ------------  -------------

COMPREHENSIVE INCOME
 (Unaudited)
Net income ............................................               --               --                 --             --
Other comprehensive income, net of tax
  Unrealized losses on securities .....................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
Comprehensive income ..................................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
ESOP shares released for allocation ...................               --              370              8,434             --

Acquisition of RRP shares .............................               --               --                 --        (20,791)
Dividends .............................................               --               --                 --             --
                                                             -----------      -----------       ------------  -------------
BALANCE, JUNE 30, 2000
 (Unaudited) ..........................................      $     2,109      $ 1,740,571       $   (139,169) $     (64,984)
                                                             ===========      ===========       ============  =============
<CAPTION>
                                                              Retained         Accumulated
                                                              Earnings-          Other
                                                              Substan-           Compre-
                                                               tially            hensive          Total
                                                             Restricted          Income           Equity
                                                             -----------       -----------      -----------

<S>                                                          <C>               <C>              <C>
BALANCE, DECEMBER 31, 1998 ............................      $ 1,806,496       $      (293)     $ 3,382,595
                                                             -----------       -----------      -----------
COMPREHENSIVE INCOME
 (Unaudited)
Net income ............................................           89,152                --           89,152

Other comprehensive income, net of tax
  Unrealized losses on securities .....................               --           (14,288)         (14,288)
                                                             -----------       -----------      -----------
Comprehensive income ..................................           89,152           (14,288)          74,864
                                                             -----------       -----------      -----------
ESOP shares released for allocation ...................               --                --            9,353
            Dividends .................................          (15,816)               --          (15,816)
                                                             -----------       -----------      -----------
BALANCE, JUNE 30, 1999
 (Unaudited) ..........................................      $ 1,879,832       $   (14,581)     $ 3,450,996
                                                             ===========       ===========      ===========

BALANCE, DECEMBER 31, 1999 ............................        1,958,199       $   (4,675)      $ 3,504,038
                                                             -----------       -----------      -----------

COMPREHENSIVE INCOME
 (Unaudited)
Net income ............................................          156,719                --          156,719
Other comprehensive income, net of tax
  Unrealized losses on securities .....................               --            (4,462)          (4,462)
                                                             -----------       -----------      -----------
Comprehensive income ..................................          156,719            (4,462)         152,257
                                                             -----------       -----------      -----------
ESOP shares released for allocation ...................            1,254                --           10,058

Acquisition of RRP shares .............................               --                --          (20,791)
Dividends .............................................          (17,924)                --         (17,924)
                                                             -----------       -----------       -----------
BALANCE, JUNE 30, 2000
 (Unaudited) ..........................................        2,098,248       $    (9,137)     $ 3,627,638
                                                             ===========       ===========      ===========
</TABLE>

The accompanying notes are an integral part of these financial statements

                                       6

<PAGE>


                                IBL BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     Six months ended June 30, 2000 and 1999
<TABLE>
<CAPTION>

                                                                                          2000              1999
                                                                                       (Unaudited)       (Unaudited)
                                                                                       -----------       -----------
<S>                                                                                   <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income .....................................................................      $   156,719       $    89,152
                                                                                      -----------       -----------
Adjustments to reconcile net income to net cash provided by
 operating activities:
  Depreciation .................................................................           11,123            10,415
  Provision for loan losses ....................................................               --             5,860
  ESOP contribution ............................................................           10,058             9,353
  Provision for deferred federal income tax benefit ............................           (3,140)           (2,666)
  Amortization of net premium on investment and mortgage-backed securities .....            7,115             9,086
  Net discount charged (realized) on installment loans .........................           41,458            (7,658)
  Net loan fees deferred .......................................................            3,188             1,677
  Stock dividends from Federal Home Loan Bank ..................................          (10,600)           (4,500)
  Net increase in interest receivable ..........................................          (33,364)          (24,111)
  Net decrease (increase) in other assets ......................................           61,291            (9,303)
  Net increase (decrease) in interest payable ..................................           15,372              (539)
  Net increase (decrease) in income taxes payable ..............................           53,391           (57,420)
  Net increase in other liabilities ............................................           32,929            32,720
                                                                                      -----------       -----------
      Total adjustments ........................................................          188,821           (37,086)
                                                                                      -----------       -----------
Net cash provided by operating activities ......................................          345,540            52,066
                                                                                      -----------       -----------

CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans receivable ...............................................       (1,394,982)         (679,797)
Purchases of securities available-for-sale .....................................       (1,636,148)         (629,796)
Principal payments received on mortgage-backed securities
 available-for-sale ............................................................          445,119           235,106
Purchases of securities held-to-maturity .......................................         (262,871)         (450,495)
Principal payments received on mortgage-backed securities
 held-to-maturity ..............................................................          172,419           166,374
Purchase of municipal obligation ...............................................          (70,283)               --
Proceeds from sale of foreclosed assets ........................................               --            10,500
Purchases of office property and equipment .....................................             (642)               --
Certificates of deposits acquired ..............................................         (300,000)         (606,000)
                                                                                      -----------       -----------
 Net cash used in investing activities ..........................................      (3,047,388)       (1,954,108)
                                                                                      -----------       -----------

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposit accounts ...............................................          958,266         3,865,713
Net increase (decrease) in advances by borrowers for taxes and insurance .......            3,607            (5,824)
Cash dividends .................................................................          (17,924)          (15,816)
Acquisition of RRP shares ......................................................          (20,791)               --
Advances from Federal Home Loan Bank ...........................................          200,000                --
                                                                                      -----------       -----------
Net cash provided by financing activities ......................................        1,123,158         3,844,073
                                                                                      -----------       -----------

NET INCREASE (DECREASE) IN CASH ................................................       (1,578,690)        1,942,031
Cash - beginning of period .....................................................        2,891,593         1,858,498
                                                                                      -----------       -----------
Cash - end of period............................................................      $ 1,312,903       $ 3,800,529
</TABLE>

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

                                       7


<PAGE>

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

A:          BASIS OF PRESENTATION

            The accompanying  consolidated  financial  statements for the period
            ended June 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 six
            months  ended June 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  $10,058 for the six
            months ended June 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.


                                       8
<PAGE>

C:          RECOGNITION AND RETENTION PLAN (Continued)

            As the shares are distributed, the contra equity account is reduced.
            The allocated shares are earned by participants as plan share awards
            vest over a  specified  period.  If the  service of 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.


            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, June 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 June 30, 2000...........        --      3,162       17,925
                                                     =======       ======



                                       9
<PAGE>
E:          EARNINGS PER SHARE

            The  following  tables  provide a  reconciliation  between basic and
diluted earnings per share:
<TABLE>
<CAPTION>
                                                                              For the three months ended June 30, 2000
                                                                              ----------------------------------------
                                                                                            Weighted
                                                                                            Average
                                                                        Income               Shares               Per-Share
                                                                      (Numerator)         (Denominator)            Amount
                                                                      -----------         -------------            ------
<S>                                                                   <C>                     <C>               <C>
            Net income...........................................     $   81,605
                                                                      ----------
            Basic earnings per share
            Income available to common stockholders..............         81,605              190,493           $    0.43
                                                                      ----------                                =========
            Effect of dilutive securities
            RRP shares granted...................................                               4,779
                                                                                              -------
            Diluted earnings per share
            Income available to common stockholders +
             assumed conversions.................................         81,605              195,272           $     0.42
                                                                      ==========              =======           ==========


<CAPTION>

                                                                             For the three months ended June 30, 2000
                                                                             ----------------------------------------
                                                                                              Weighted
                                                                                              Average
                                                                          Income               Shares               Per-Share
                                                                        (Numerator)         (Denominator)            Amount
                                                                        -----------         -------------            ------
<S>                                                                  <C>                       <C>              <C>
            Net income...........................................    $   156,719
            Basic earnings per share
            Income available to common stockholders..............        156,719               190,933          $     0.82
            Effect of dilutive securities                                                                        =========
            RRP shares granted...................................                                4,779
                                                                                               -------
            Diluted earnings per share
            Income available to common stockholders +
             assumed conversions.................................    $   156,719               195,712          $     0.80
                                                                     ===========               =======          ==========
</TABLE>



            The  computation of basic  earnings per share includes  reported net
            income in the  numerator and the weighted  average  number of shares
            outstanding  of 194,840 for the three months ended June 30, 1999 and
            194,653 for the six 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 June 30, 2000 to December 31,
1999 and the results of  operations  for the three and six months ended June 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  $1,387,000 or 4.8% from $28.8
million at December 31, 1999 to $30.2  million at June 30, 2000.  This  increase
was primarily due to increases of $1,350,000 in net loans receivable, $1,338,000
in investment  securities,  and $300,000 in time deposits.  These increases were
offset by a decrease in cash and cash equivalents of $1,579,000.

            The mortgage-backed  securities portfolio increased by $1,268,000 or
20.8% from  $6,104,000 at December 31, 1999 to $7,372,000 at June 30, 2000,  due
to purchases of  $1,899,000  in the first six months of 2000 funded by increases
in deposits and the  reallocation  of the excess  liquidity that was built up in
accordance with the Company's Year 2000 Plan.

                                       11
<PAGE>

            The Company also purchased a municipal bond in the amount of $70,000
in the first six 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  six  months.  The  net  loan  portfolio  increased
$1,350,000 or 7.4% from  $18,143,000 at December 31, 1999 to $19,494,000 at June
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 $300,000 or 27.3% from  $1,101,000  at
December 31, 1999 to  $1,401,000  at June 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
$620,000 or 80.5% from  $770,000  at  December  31, 1999 to $150,000 at June 30,
2000.  Interest-bearing  deposits in other institutions decreased by $958,000 or
45.2% from  $2,121,000 at December 31, 1999 to $1,163,000 at June 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.

            Deposits  increased by $974,000 or 4.3% from $22,884,000 at December
31, 1999 to  $23,858,000  at June 30, 2000.  This  increase  included a $204,000
increase in governmental funds on deposit at the Association.

            Total  stockholders'  equity  increased by $123,500 during the past
six months.  Net income of $157,000,  a $8,500  decrease in unearned ESOP shares
and a $500 increase in additional paid-in capital increased stockholders' equity
during the period.  These  factors  were  offset by an increase in unearned  RRP
shares of $20,500,  the payment of two quarterly  dividends totaling $18,000 and
an  increase of $4,000 in  unrealized  losses on  available-for-sale  investment
securities  during this  period.  Stockholders'  equity at June 30, 2000 totaled
$3,628,000  or  12.0%  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
June 30, 2000  (excluding  loss assets  specifically  reserved  for) amounted to
$510,000,  all of which was classified as  substandard.  The largest  classified
asset at June 30, 2000 consisted of a $70,000 adjustable-rate  residential loan.
The remaining  $440,000 of  substandard  assets at June 30, 2000 consisted of 15
residential  mortgage  loans  totaling  $404,000 and 5 consumer  loans  totaling
$36,000.

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 six
months ended June 30, 2000 and 1999,  net interest  income after  provision  for
loan losses exceeded total non-interest expense. Total non-interest expense


                                       12
<PAGE>
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  increased by $33,000 or 67.1% in the quarter  ended June
30, 2000 and  increased  by $68,000 in the first six months of 2000  compared to
the respective  1999 periods.  The increase in the June 30, 2000 quarter was due
to an  increase  in net  interest  income  of  $53,000,  a  $4,000  decrease  in
non-interest expenses and a decrease in provision for losses on loans of $3,000.
These  factors were  primarily  offset by a $25,000  increase in  provision  for
income taxes and a $2,000 decrease in non-interest  income.  The increase in net
income for the  six-month  period  ending June 30, 2000 was  primarily due to an
increase of $123,000 in net  interest  income  after  provision  for loan losses
offset by a $36,000  increase in provision for income taxes, a $18,000  increase
in non-interest expenses and a $1,000 decrease in non-interest income.

            The $53,000  increase in net interest  income in the second 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 Federal
Home Loan Bank.  This increase in net interest  income can also be attributed to
an increase in the average  interest rate spread from 3.05% in the quarter ended
June 30,  1999 to 3.34% in the second  quarter  of 2000.  The  average  yield on
interest-earning  assets increased from 7.05% in the quarter ended June 30, 1999
to  7.46%  in  the  second   quarter  of  2000,   while  the  average   rate  on
interest-bearing  liabilities increased from 4.00% in the second quarter of 1999
to 4.12% in the  second  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 $117,000 increase in net interest income in the first six months
of 2000  compared  to the first six  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  3.10% in the six month  period  ending  June 30,  1999 to 3.37% in the six
month period ending June 30, 2000. The average yield on interest-earning  assets
increased  from  7.11% in the first six months of 1999 to 7.41% in the first six
months of 2000, while the average rate on interest-bearing liabilities increased
from 4.01% to 4.04% 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.

            Total interest  income  increased by $91,000 or 19.2% in the quarter
ended June 30, 2000 and increased  $187,000 or 20.32% over the  comparable  1999
periods due to higher  balances and higher yields.  The average balance of total
interest-earning  assets increased from $25.0 million in the first six months of
1999 to $29.1 million in the first six months of 2000.

             Total  interest  expense  increased  by  $39,000  or 16.7%  for the
quarter  ended  June 30,  2000 and  $70,000 or 15.4% for the first six 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 $34,000 and an increase in total  interest paid on deposit


                                       13
<PAGE>
accounts of $5,000. The increase in the six-month period was primarily due to an
increase in interest paid on Federal Home Loan Bank advances of $58,000 and an
increase in total interest paid on deposit accounts of $12,000.

            The provision  for loan losses  decreased by $3,000 for the quarter
ended June 30,  2000 and  decreased  $6,000 in the first six months of 2000 from
the  comparable  1999  periods.  At  June  30,  2000,  the  Association's  total
non-accruing loans amounted to $197,000.  The allowance for loan losses amounted
to  $391,000  at June 30,  2000,  representing  2.0% of the total  loans held in
portfolio and 198.5% 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  was  sufficient  in  light  of the  current  asset  quality  of the loan
portfolio.

            Non-interest  income  decreased  by $1,500  or 6.4% in the  quarter
ended June 30, 2000 and decreased $1,000 or 2.2% in the first six months of 2000
from the comparable 1999 periods.  The decrease in the quarter was primarily due
to a $1,000 decrease in service charges on deposit  accounts and a $500 decrease
in commissions on credit life  insurance.  The decrease in the six- month period
was primarily due to a decrease in service charges on deposit accounts of $1,500
offset by an increase in commissions on credit life insurance of $500.

            Non-interest  expenses  decreased  by $4,000 or 2.3% in the quarter
ended  June 30,  2000 and  increased  $18,000 or 4.8% in the first six months of
2000 from the comparable 1999 periods. The decrease in the quarter was primarily
due to  decreases  of $15,000 in legal and other  professional,  $6,000 in other
general and administrative,  $2,000 in deposit insurance premium, $2,000 in data
processing   and  $1,000  in  furniture  and  equipment.   These   decreases  in
non-interest  expenses  were  partially  offset by  increases of $9,000 in other
taxes,  $5,000 in  compensation  and  benefits,  $5,000 in office  supplies  and
postage,  $2,000 in  advertising  and $1,000 in  occupancy.  The increase in the
six-month  period was  primarily  due to  increases  of $17,000 in other  taxes,
$11,000 in  compensation  and benefits,  $4,000 in office  supplies and postage,
$3,000 in occupancy and $3,000 in  advertising.  These increases in non-interest
expense  were  offset  primarily  by  decreases  of $6,000 in other  general and
administrative,  $6,000  in legal  and other  professional,  $4,000  in  deposit
insurance  premium,  $3,500  in  data  processing  and  $500  in  furniture  and
equipment.

            The decrease of $6,000 in other general and  administrative  for the
six months ended June 30, 2000 was primarily caused by the  reclassification  of
$4,000 in FHLB demand deposit  charges into data  processing  expense,  a $3,000
decrease in supervisory examination and a $2,000 decrease in loan expense. These
decreases  were  partially  offset by  increases  of $1,000 in  taxes-franchise,
$1,000 in dues and subscriptions and $1,000 in expense account for directors.

            The decrease of $6,000 in legal and other  professional  for the six
months ended June 30, 2000 was primarily due to a $4,000 decrease in legal and a
$2,000  decrease in accounting  expenses  associated with the preparation of the
company's reporting requirements as a public entity.

            The $17,000  increase  in other taxes for the six months  ended June
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.

                                       14
<PAGE>

            The $11,000 increase in compensation and benefits for the six months
ended June 30, 2000 was due primarily to increases of $6,000 in compensation for
officers and employees, $4,000 in ESOP contributions, $4,000 in compensation for
directors,  $500 in  payroll  taxes  and  $500  in  contributions  for  employee
retirement.  These increases were partially offset by a $4,000 decrease in other
employee benefits.


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
June 30, 2000, the Association's liquidity was 9.5% 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 June 30, 2000, the Association's  tangible and core
capital both amounted to $3.0 million or 10.2% of adjusted total assets of $29.6
million,  and the Association's  risk-based  capital amounted to $3.2 million or
21.2% of adjusted risk-weighted assets of $15.1 million.

            As of June 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                                 $3,000       $3,000      $3,000

Unrealized loss on securities available
net of taxes                                     --            9           9
Additional Capital Items:
    General Valuation Allowances                 --           --         190
                                             ------       ------      ------
Regulatory Capital Computed                   3,000        3,009       3,199

Minimum Capital Requirement                     444        1,183       1,209
                                             ------       ------      ------
Regulatory Capital Excess                    $2,556       $1,826      $1,990
                                             ======       ======      ======
Regulatory Capital as a
      Percentage                              10.18%       10.18%      21.16%

Minimum Capital Required
      as a Percentage                          1.50%        4.00%      8.00%
                                             ------       ------      ------
Regulatory Capital as a
  Percentage in Excess
    of Requirements                            8.68%        6.18%     13.16%
                                             ======       ======      ======



            Based  on the  above  capital  ratios,  the  Association  meets  the
criteria  for  a  "well   capitalized"   institution   at  June  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



                                       15
<PAGE>
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
are not expected to be incurred with issues  related to the Year 2000;  however,
management will continue to monitor our data processing.



                                       16
<PAGE>


                                IBL Bancorp, Inc.

Form 10-QSB
Quarter Ended June 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:
                         On April 26, 2000, in conjunction with the Company's
                         annual meeting of stockholders, there were two matters
                         submitted for a vote of security holders. (1) The
                         election of directors Gary K. Pruitt and Edward J.
                         Steinmetz for a term of three years expiring in 2003.
                         Other directors whose term of office continued after
                         the meting are: G. Lloyd Bouchereau, Jr., John L.
                         Delahaye, Bobby E. Stanley and Danny M. Strickland. (2)
                         To ratify the appointment of L.A. Champange & Co.,
                         L.L.P. as the Company's independent auditors for the
                         year ending December 31, 2000. On matter (1) described
                         above votes were cast as follows for Gary K. Pruitt:
                         for = 151,525; withheld = 6,625; not voted = 52,720. On
                         matter (1) described above votes were cast as follows
                         for Edward J. Steinmetz: for = 151,550; withheld =
                         6,600; not voted = 52,720. On matter (2) described
                         above votes were cast as follows: for =151,550; against
                         5,600; abstain = 1000; not voted 52,720.

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


                                       17
<PAGE>


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 June 30, 2000.

                                       18
<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:   August 7, 2000          By: /s/ G. Lloyd Bouchereau, Jr.
                                    ----------------------------------------
                                    G. Lloyd Bouchereau, Jr., President and
                                    Chief Executive Officer

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



                                       19