U.S. 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 MARCH 31, 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 0-27984


                       Ridgestone Financial Services, Inc.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


               Wisconsin                                   39-1797151
    -------------------------------                    -------------------
    (State or other jurisdiction of                     (I.R.S. Employer
     incorporation or organization)                    Identification No.)

                             13925 West North Avenue
                           Brookfield, Wisconsin 53005
                    ----------------------------------------
                    (Address of principal executive offices)

                                  414-789-1011
                           ---------------------------
                           (Issuer's telephone number)


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 registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.  Yes  X       No
                                                               ---         ---

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date.

             Class                            Outstanding as of March 31, 2000
             -----                            --------------------------------
    Common Stock, no par value                             876,492

Transitional Small Business Disclosure Format:  Yes         No  X
                                                    ---        ---


<PAGE>


               RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY

                                      INDEX

                                                                            Page
                                                                          Number
PART I - FINANCIAL INFORMATION

     Item 1.  Financial Statements.............................................1

          Consolidated Statements of Financial Condition at
          March 31, 2000 and December 31, 1999.................................1

          Consolidated Statements of Income
          For the Three Months Ended March 31, 2000 and 1999 ..................2

          Consolidated Statements of Cash Flows
          For the Three Months Ended March 31, 2000 and 1999...................3

          Consolidated Statements of Stockholders' Equity
          For the Three Months Ended March 31, 2000 and 1999...................4

          Notes to Consolidated Financial Statements...........................5


     Item 2.  Management's Discussion and Analysis.............................6



PART II - OTHER INFORMATION

     Item 6.  Exhibits and Reports on Form 8-K.................................9


SIGNATURES ...................................................................10

EXHIBIT INDEX ................................................................11



<PAGE>


PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

               RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                      March 31, 2000 and December 31, 1999

                                                      March 31,     December 31,
                                                        2000            1999
                                                    (Unaudited)
                                                    -----------     ------------
ASSETS
Cash and due from banks                             $ 2,153,049     $ 2,400,560
Interest-bearing deposits in banks                      260,627         264,024
Federal funds sold                                    2,849,000       4,532,173
Investments - Held to Maturity
  (fair value Mar 2000 $494,619
   and Dec 1999 $995,203)                               499,424         999,381
Investments - Available for Sale                         65,125         128,500

Loans receivable                                     54,405,354      51,692,567
   Less:  Allowance for estimated loan losses          (665,771)       (653,270)
                                                    -----------     -----------
Net loans receivable                                 53,739,583      51,039,297
                                                    -----------     -----------

Mortgage loans held for sale                            105,450         136,000
Office building and equipment, net                    1,458,296       1,352,995
Other real estate owned                                 802,754         905,938
Cash surrender value of life insurance                1,965,457       1,942,672
Accrued interest & other assets                         889,598       1,136,683
                                                    -----------     -----------

   Total assets                                     $64,788,363     $64,838,223
                                                    ===========     ===========

LIABILITIES AND STOCKHOLDERS'
  EQUITY LIABILITIES
Deposits:
  Demand                                            $ 9,982,176     $10,935,647
  Savings, NOW and other time deposits               47,405,404      46,528,744
                                                    -----------     -----------
   Total deposits                                    57,387,580      57,464,391

Accrued interest & other liabilities                    715,051         712,424
                                                    -----------     -----------

   Total liabilities                                 58,102,631      58,176,815
                                                    -----------     -----------

STOCKHOLDERS' EQUITY
Common stock, no par value:
  10,000,000 shares authorized:
  876,492 issued and outstanding                      8,417,117       8,417,117
Retained (deficit)                                   (1,678,281)     (1,717,271)
Accumulated other comprehensive income (loss)           (53,104)        (38,438)
                                                    -----------     -----------

   Total stockholders' equity                         6,685,732       6,661,408
                                                    -----------     -----------

   Total liabilities and stockholders' equity       $64,788,363     $64,838,223
                                                    ===========     ===========



                                       1
<PAGE>


               RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY
                        CONSOLIDATED STATEMENTS OF INCOME
                   Three Months Ended March 31, 2000 and 1999
                                   (Unaudited)


                                                         Three Months Ended
                                                      March 31,      March 31,
                                                        2000           1999
                                                    ------------    -----------
Interest income
  Interest on fees and loans                        $ 1,126,156     $   950,153
  Interest on securities                                 28,397         111,251
  Interest on federal funds sold                         31,854          82,407
  Interest on deposits in banks                           2,059             142
                                                    -----------     -----------
       Total interest income                          1,188,466       1,143,953
                                                    -----------     -----------

Interest expense
  Interest on deposits                                  591,692         626,686
                                                    -----------     -----------
       Net interest income before
       provision for loan losses                        596,774         517,267

Provision for loan losses                                12,500           7,500
                                                    -----------     -----------
       Net interest income after
       provision for loan losses                        584,274         509,767
                                                    -----------     -----------

Non interest income
  Secondary market loan fees                              5,709          20,174
  Service charges on deposit accounts                    23,143          13,134
  Miscellaneous                                          49,071          44,979
                                                    -----------     -----------
       Total non interest income                         77,923          78,287
                                                    -----------     -----------

Non interest expense
  Salaries and employee benefits                        347,105         306,656
  Occupancy and equipment expense                       116,266          90,840
  (Gain) loss on sale of assets                         (6,211)          32,559
  Loss on sale of AFS securities                          9,164          15,402
  Other expense                                         146,196         122,466
                                                    -----------     -----------
       Total non interest expense                       612,520         567,923
                                                    -----------     -----------

Income before income taxes                               49,677          20,131

Income taxes (benefit)                                   10,687         (74,950)
                                                    -----------     -----------

Net income                                          $    38,990     $    95,081
                                                    ===========     ===========

Earnings per share
  Basic                                             $       .04     $       .11
  Diluted                                           $       .04     $       .11

Weighted average shares outstanding                     876,492         876,492



                                       2
<PAGE>


               RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Three Months Ended March 31, 2000 and 1999
                                   (Unaudited)

                                                         Three Months Ended
                                                     March 31,       March 31,
                                                       2000            1999
                                                    ----------      -----------
Cash Flows From Operating Activities:
  Net Income                                          $  38,990     $    95,081
    Adjustments to reconcile net income
      to net cash provided by (used in)
      operating activities:
      Depreciation                                       43,595          35,831
      Gain on sale of real estate                        (6,211)              0
      Loss on sale of investment securities               9,164          15,402
      Provision for loan losses                          12,500           7,500
      Charges to loan losses                                  0         (30,000)
      Accretion/Amortization of securities - net            (43)            (67)
    (Increase) decrease in assets
      Interest receivable                               232,869          42,303
      Other assets                                       (8,569)       (404,386)
    Increase (decrease) in liabilities:
      Accrued interest                                   79,816          68,230
      Other liabilities                                 (77,189)       (152,959)
                                                      ---------     -----------
    Total adjustments                                   292,143        (418,146)
                                                      ---------     -----------
  Net cash provided by (used in)
    operating activities                                331,133        (323,065)
                                                      ---------     -----------

Cash Flows From Investing Activities:
    Net (increase) decrease in
     interest-bearing deposits                            3,397          (5,492)
    Net decrease in federal funds and
     securities purchased under agreements
     to resell                                        1,683,173         962,000
    Net (increase) decrease in loans
     available for sale                                  30,550      (1,318,447)
    Proceeds from sales of available for
     sale securities                                     53,088          55,548
    Purchase of available for sale securities           (13,542)     (1,796,860)
    Proceeds from maturities of held to
     maturity securities                                500,000         250,000
    Net proceeds on other real estate                   109,395          (7,144)
    Purchases of premises and equipment                (148,896)         (2,356)
  Net (increase) decrease in loans                   (2,712,787)      3,008,507
                                                    -----------     -----------
  Net cash provided by (used in)
    investing activities                               (501,833)      1,145,756
                                                    -----------     -----------

Cash Flows From Financing Activities:
    Net increase (decrease) in deposits                 (76,811)       (912,964)
                                                    -----------     -----------
  Net cash provided by (used in)
   financing activities                                 (76,811)       (912,964)
                                                    -----------     -----------

Net (decrease) increase in cash and
 due from banks                                        (247,511)        (90,273)
Cash and due from banks, beginning                    2,400,560       2,741,672
Cash and due from banks, ending                       2,153,049       2,651,399
                                                    ===========     ===========

Supplemental disclosure of cash flow information
  Cash paid during the period for:
    Interest                                            511,300         694,916
    Income taxes                                         10,687         (74,950)
Supplemental schedule of noncash investing
 actitivies:
Net changes in unrealized gain on securities
 available for sale                                     (14,666)         12,790




                                       3
<PAGE>


<TABLE>
                    RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                        Three Months Ended March 31, 2000 and 1999
                                        (Unaudited)


<CAPTION>
                                                                          Accumulated
                                                                             Other
                                              Common        Retained     Comprehensive
                                              Stock         Earnings     Income (Loss)      Total
                                              ------        --------     -------------      -----

<S>                                         <C>           <C>              <C>           <C>
Balances, December 31, 1998                 $ 8,417,117   $(2,196,449)     $(22,524)     $6,198,144
Comprehensive income:
  Net income                                                   95,081                        95,081
  Unrealized gain (loss) on
   available for sale securities                                              8,177           8,177
  Reclassification adjustment for gains
   (losses) realized in net income                                           12,790          12,790
  Income tax effect                                                          (8,177)         (8,177)
                                                                                         ----------
  Total comprehensive income                                                                107,871
                                            -----------   -----------      --------      ----------
Balances, March 31, 1999                    $ 8,417,117   $(2,101,368)     $ (9,734)     $6,306,015
                                            ===========   ===========      ========      ==========

Balances, December 31, 1999                 $ 8,417,117   $(1,717,271)     $(38,438)     $6,661,408

Comprehensive income:
  Net income                                                   38,990                        38,990
  Unrealized gain (loss) on
   available for sale securities                                             (9,377)         (9,377)
  Reclassification adjustment for gains
   (losses) realized in net income                                          (14,666)        (14,666)
  Income tax effect                                                           9,377           9,377
                                                                                         ----------
  Total comprehensive income                                                                 24,324
                                            -----------   -----------      --------      ----------
Balances, March 31, 2000                    $ 8,417,117   $(1,678,281)     $(53,104)     $6,685,732
                                            ===========   ===========      ========      ==========
</TABLE>



                                       4
<PAGE>


               RIDGESTONE FINANCIAL SERVICES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             March 31, 2000 and 1999
                                   (Unaudited)


NOTE 1 - BASIS OF PRESENTATION

The  accompanying  unaudited  condensed  consolidated  financial  statements  of
Ridgestone  Financial  Services,  Inc.  (the  "Company")  have been  prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and with  instructions  to Form  10-QSB.  Accordingly,  they do not
include all of the  information  and  footnotes  required by generally  accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,   all  adjustments  (consisting  of  normal  recurring  adjustments)
considered  necessary for the fair  presentation  have been included.  Operating
results for the three months ended March 31, 2000 are not necessarily indicative
of the results  that may be expected for the year ended  December 31, 2000.  For
further  information,   refer  to  the  consolidated  financial  statements  and
footnotes thereto included in the Company's Annual Report on Form 10-KSB for the
year ended December 31, 1999.


NOTE 2 - PRINCIPLES OF CONSOLIDATION

The accompanying  consolidated  financial statements include the accounts of the
Company  and its wholly  owned  subsidiary,  Ridgestone  Bank.  All  significant
intercompany accounts and transactions have been eliminated in consolidation.


NOTE 3 - COMPARATIVE DATA

Comparative statements of income and cash flows for the three months ended March
31, 2000 and March 31, 1999 have been presented.



                                       5
<PAGE>


Item  2.  Management's Discussion and Analysis

General

Ridgestone Financial Services, Inc. (the "Company") was formed in May 1994 under
the laws of the State of Wisconsin  for the purpose of becoming the bank holding
company of Ridgestone Bank (the "Bank").

The Bank was  capitalized  on  December  6, 1995,  and  commenced  operation  on
December 7, 1995.  The Bank was  organized as a Wisconsin  chartered  commercial
bank  with  depository   accounts  insured  by  the  Federal  Deposit  Insurance
Corporation.  The Bank provides  full service  commercial  and consumer  banking
services in Brookfield, Wisconsin, and adjacent communities.

The following is a discussion of the Company's  Financial  Condition and Results
of Operations as of and for the three months ended March 31, 2000.


Financial Condition

Total Assets.  Total assets of the Company as of March 31, 2000 were $64,788,363
compared to $64,838,223 as of December 31, 1999.

Cash and Cash Equivalents.  Cash and interest bearing deposits, which represents
cash  maintained  at the Bank and  funds  that  the  Bank and the  Company  have
deposited in other  financial  institutions,  was  $2,413,676 at March 31, 2000,
compared to $2,664,584 as of December 31, 1999. The Bank reported  $2,849,000 of
federal funds sold (which are inter-bank funds with daily liquidity) as of March
31, 2000 compared to $4,532,173 as of December 31, 1999. The $1,683,173 decrease
in federal  funds sold is primarily a result of the Bank  utilizing  the cash to
fund loan growth.

Investment  Securities.  The  Company's  investment  portfolio  consists  of (i)
securities  purchased with the intent to hold the  securities  until they mature
and (ii)  securities  placed in the  available  for sale  category  which may be
liquidated to provide cash for operating or financing  purposes.  The securities
held-to-maturity  portfolio  was $499,424 at March 31, 2000 compared to $999,381
at December  31, 1999,  a decrease of  $499,957.  The  decrease was  primarily a
result of cash from  maturing  securities  being used to fund loan  growth.  The
securities  available-for-sale  portfolio was $65,125 at March 31, 2000 compared
to $128,500 at December 31, 1999.

Loans.  Total  loans  prior to the  allowance  for  estimated  loan  losses were
$54,405,354  as of March 31, 2000,  compared to  $51,692,567  as of December 31,
1999, an increase of $2,712,787 or 5%.

At March 31, 2000, the mix of the loan portfolio  included  Commercial  loans of
$19,057,000 or 35% of total loans;  Commercial  Real Estate loans of $13,632,000
or 25% of total loans;  Residential  Real Estate loans of  $18,644,000 or 34% of
total loans; and Consumer loans of $3,072,000 or 6% of total loans.

At December 31, 1999, the mix of the loan portfolio included Commercial loans of
$16,956,230 or 33% of total loans;  Commercial  Real Estate loans of $17,890,627
or 35% of total loans;  Residential  Real Estate loans of  $12,168,015 or 24% of
total loans; and Consumer loans of $4,677,606 or 9% of total loans.

Allowance for Loan Losses.  The allowance for estimated loan losses was $665,771
or 1.22% of gross  loans on March 31,  2000,  compared  to  $653,270 or 1.26% of
gross loans at December  31,  1999.  In  accordance  with  Financial  Accounting
Standards  Board  Statements No. 5 and 114, the allowance is provided for losses
that have potentially been incurred based on the Bank's outstanding loan balance
as of



                                       6
<PAGE>


the balance sheet date. The Bank evaluates the adequacy of the loan loss reserve
based on past events and current economic  conditions,  and does not include the
effects  of  potential  losses on  specific  loans or  groups of loans  that are
related to future events or expected  changes in economic  conditions  which are
then unknown to the Bank.  For  additional  information  regarding the Company's
allowance  for loan  losses,  see "Results of  Operations  - Provision  for Loan
Losses" below.

On March 31, 2000,  the Company had $802,754 in Other Real Estate Owned compared
to $905,938 on December  31, 1999.  The  decrease was the  result of the sale of
real estate assets owned by the Bank.

Deposits.  As of March  31,2000,  total  deposits were  $57,387,580  compared to
$57,464,391at December 31, 1999.

Liquidity.  For  banks,  liquidity  generally  represents  the  ability  to meet
withdrawals  from  deposits  and the funding of loans.  The assets that  provide
liquidity are cash,  federal  funds sold and  short-term  loans and  securities.
Liquidity  needs are  influenced  by  economic  conditions,  interest  rates and
competition. The loan-to-deposit funds ratio prior to loan loss reserve on March
31, 2000 was 95% compared to 90% at December 31, 1999.  The  Company's  strategy
has been to control  deposit  growth  while  concentrating  on  improving  asset
quality and  growing the loan  portfolio  to enhance  earnings.  Loan demand has
exceeded  anticipated  levels and the Company  has begun a  marketing  effort to
increase deposits in order to match deposit growth with increased loan demand.

Asset/Liability  Management.  Closely  related to  liquidity  management  is the
management of  interest-earning  assets and  interest-bearing  liabilities.  The
Company  manages  its rate  sensitivity  position  to avoid  wide  swings in net
interest margins and to minimize risk due to changes in interest rates.

Changes in net interest income,  other than volume related  changes,  arise when
interest  rates on assets  reprice in a time frame or interest rate  environment
that is different  from the  repricing  period for  liabilities.  Changes in net
interest  income also arise from changes in the mix of  interest-earning  assets
and interest-bearing liabilities.

The Company currently does not expect to experience any material fluctuations in
its net  interest  income in the  short  term as a  consequence  of  changes  in
interest rates.


Results of Operations

Net Income.  Net income  before  income taxes for the  three-month  period ended
March 31, 2000 increased by $29,546 or 147% to $49,677 as compared to net income
before income taxes of $20,131 in the same period of 1999.  For the  three-month
period  ended March 31,  2000,  the  Company  reported  after-tax  net income of
$38,990,  compared to net after-tax  income of $95,081for the three months ended
March 31, 1999.  During the first  quarter of 1999,  the Company  recognized  an
income tax benefit of $74,950 related to the  carryforward of prior year losses.
As of the end of 1999, all of the Company's loss carryforward  benefits had been
recognized. As a result, first quarter of 2000 after-tax earnings do not include
a tax benefit, but rather a tax expense of $10,687.

Net Interest  Income.  Net interest income before  provision for loan losses for
the three months ended March 31, 2000 was $596,774  compared to $517,267 for the
same  period  in  1999,  an  improvement  of 15%.  A higher  yield on the  asset
portfolio  and  reduced  interest  expense  contributed  to  the  increase.  The
Company's net interest  margin improved from 3.37% at March 31, 1999 to 4.21% at
March 31, 2000.  Total interest income for the three months ended March 31, 2000
increased  by  $44,513,  as compared  with the same period in 1999,  while total
interest expense decreased by $34,994.



                                       7
<PAGE>


Provision  for  Loan  Losses.   The  provision  for  loan  losses  is  based  on
management's  evaluation  of factors such as the local and national  economy and
the risks associated with the loans in the portfolio.

During the three month period ended March 31, 2000, a $12,500 provision was made
to the loan loss reserve to build the reserve to adequate levels in light of the
recent loan growth.

Non-Interest  Income. Total non-interest income was $77,923 for the three months
ended  March 31, 2000  compared  to $78,287 for the same period in 1999.  Rising
interest rates slowed  mortgage  volume,  causing a decline in secondary  market
loan fees, offset by an increase in service charges.

Non-Interest Expense. Total non-interest expenses (excluding any gains or losses
on the sale of  securities  and assets) were $609,567 for the three months ended
March 31, 2000  compared to $519,962 for the same period in 1999, an increase of
17%. The  majority of the increase in  non-interest  expenses is  attributed  to
increased salary expense relating to increased staffing in the loan area.


Special Note Regarding Forward-Looking Statements

Certain  matters   discussed  in  this  Quarterly  Report  on  Form  10-QSB  are
"forward-looking  statements"  intended  to qualify  for the safe  harbors  from
liability  established by the Private Securities  Litigation Reform Act of 1995.
These forward-looking statements can generally be identified as such because the
context of the  statement  will  include  words such as the Company  "believes,"
"anticipates,"   "expects,"  or  other  words  of  similar  import.   Similarly,
statements that describe the Company's  future plans,  objectives,  or goals are
also forward-looking  statements. Such forward-looking statements are subject to
certain  risks and  uncertainties  which  could cause  actual  results to differ
materially from those contemplated in the forward-looking statements. Such risks
include, among others: interest rate trends, the general economic climate in the
Company's  market area, loan delinquency  rates,  and legislative  enactments or
regulatory changes which adversely affect the business of the Company and/or the
Bank. Shareholders,  potential investors and other readers are urged to consider
these factors in evaluating the forward-looking  statements. The forward-looking
statements  included herein are only made as of the date of this Form 10-QSB and
the Company  undertakes no obligation  to publicly  update such  forward-looking
statements to reflect subsequent events or circumstances.



                                       8
<PAGE>


Item 6.  Exhibits and Reports on Form 8-K

  a.     Exhibits


  27     Financial Data Schedule
           (EDGAR version only)


  b.     Reports on Form 8-K

         The Company  did not file a Current  Report on Form 8-K during
         the quarter ended March 31, 2000.



                                       9
<PAGE>


                                   SIGNATURES


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

                                             RIDGESTONE FINANCIAL SERVICES, INC.


Date:  May 12, 2000                            /s/  Paul E.Menzel
     -----------------                       -----------------------------------
                                               Paul E. Menzel
                                               President


Date:  May 12, 2000                            /s/  William R. Hayes
     -----------------                       -----------------------------------
                                               William R. Hayes
                                               Vice President and Treasurer



                                       10
<PAGE>


                                  EXHIBIT INDEX

Exhibit Number
--------------

      a.           Exhibits


      27           Financial Data Schedule
                     (EDGAR version only)



                                       11