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


                                   FORM 10-QSB

(Mark One)
    X        Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
-----------  Exchange Act of 1934

             For the quarterly period ended December 31, 2000

-----------  Transition Report Pursuant to Section 13 or 15(d) of the Securities
             Exchange Act of 1934

             For the transition period from _____ to _____

Commission File Number:  0-23345


                         WYMAN PARK BANCORPORATION, INC.
                         -------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


                DELAWARE                            52-2068893
---------------------------------------             ----------
(State or Other Jurisdiction of                   (I.R.S. Employer
Incorporation or Organization)                    Identification No.)


                11 WEST RIDGELY ROAD, LUTHERVILLE, MARYLAND 21093
                -------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (410)-252-6450
                                 --------------
               Registrant's Telephone Number, Including Area Code


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d)of  the  Exchange  Act during  the  preceding  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 ___

As of January 31, 2001, the issuer had 822,490 shares of Common Stock issued and
outstanding.

Transitional Small Business Disclosure Format (check one):

Yes___     No    X
              -------
<PAGE>
                                    CONTENTS
                                    --------

PART I.    FINANCIAL INFORMATION                                            PAGE
           ---------------------                                            ----

Item I.    Financial Statements

           Consolidated Statements of Financial Condition at
           December 31, 2000 and June 30, 2000..............................   2

           Consolidated Statements of Operations for the Three Month and
           Six Month Periods ended December 31, 2000 and 1999...............   3

           Consolidated Statements of Cash Flows for the Six Month
           Periods Ended December 31, 2000 and 1999.........................   4

           Notes to Consolidated Financial Statements....................... 5-6

Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations........................................... 7-11


PART II.   OTHER INFORMATION
           -----------------

Item 1.    Legal Proceedings...............................................   12

Item 2.    Changes in Securities and Use of Proceeds.......................   12

Item 3.    Defaults Upon Senior Securities.................................   12

Item 4.    Submission of Matters to a Vote of Security Holders.............   12

Item 5.    Other Information...............................................   12

Item 6.    Exhibits and Reports on Form 8-K................................   12


SIGNATURES.................................................................   13


                                       1
<PAGE>
                Wyman Park Bancorporation, Inc. and Subsidiaries
                              Lutherville, Maryland
                 Consolidated Statements of Financial Condition
<TABLE>
<CAPTION>
                                                               December 31                June 30,
                                                                  2000                      2000
                                                              -------------             ------------
                                                                            (Unaudited)
           Assets
           ------
<S>                                                           <C>                       <C>
Cash and noninterest bearing deposits                         $    628,544              $    310,442
Interest bearing deposits in other banks                           137,851                   474,358
Federal funds sold                                                 802,367                 1,301,106
                                                              ------------              ------------
Total cash and cash equivalents                                  1,568,762                 2,085,906
Loans receivable, net                                           65,151,895                65,223,905
Mortgage-backed securities held to maturity
  at amortized cost, fair value of $163,811 (12/2000)
  and $176,350 (6/2000)                                            162,281                   174,086
Federal Home Loan Bank of Atlanta stock, at cost                   508,500                   508,500
Accrued interest receivable                                        316,581                   333,114
Ground rents owned, at cost                                        122,600                   122,600
Property and equipment, net                                         87,338                   107,304
Federal and state income taxes receivable                           17,304                    16,985
Deferred tax asset                                                 203,364                   203,364
Prepaid expenses and other assets                                   48,504                    63,850
                                                              ------------              ------------
Total Assets                                                  $ 68,187,129              $ 68,839,614
                                                              ------------              ------------

           Liabilities & Stockholders' Equity
           ----------------------------------

Liabilities:
Demand deposits                                               $  5,152,131              $  5,643,177
Money market and NOW accounts                                    9,141,994                 9,093,949
Time deposits                                                   43,849,618                40,609,938
                                                              ------------              ------------
Total deposits                                                  58,143,743                55,347,064
Borrowings                                                         500,000                 3,000,000
Advance payments by borrowers for taxes,
  insurance and ground rents                                       566,758                 1,315,538
Accrued interest payable on savings deposits                        19,550                    17,267
Accrued interest on borrowings                                       2,890                    14,786
Federal and state income taxes payable                                 607                     8,748
Accrued expenses and other liabilities                             640,642                   528,975
                                                              ------------              ------------
Total liabilities                                               59,874,190                60,232,378

Stockholders' Equity
--------------------
Common stock, par value $.0l per share; authorized
  2,000,000 shares; issued 1,011,713 shares                         10,117                    10,117
Additional paid-in capital                                       4,053,677                 4,053,677
Contra equity - Employee Stock Ownership Plan (ESOP)              (539,770)                 (539,770)
Retained earnings, substantially restricted                      6,537,854                 6,327,076
Treasury Stock; 189,223 shares, at cost at
  December 31, 2000 and 112,987 at cost at
  June 30, 2000                                                 (1,748,939)               (1,243,864)
                                                              ------------              ------------
Total stockholders' equity                                       8,312,939                 8,607,236
                                                              ------------              ------------
Total liabilities and stockholders' equity                    $ 68,187,129              $ 68,839,614
                                                              ------------              ------------
</TABLE>
See accompanying notes to financial statements

                                        2
<PAGE>

                Wyman Park Bancorporation, Inc. and Subsidiaries
                              Lutherville, Maryland
                      Consolidated Statements of Operation
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                  For the Six Months                For the Three Months
                                                   Ended December 31,                 Ended December 31,
                                                 2000             1999              2000               1999
                                                 ----             ----              ----               ----

<S>                                           <C>               <C>               <C>               <C>
Interest and fees on loans receivable         $2,455,594        $2,167,573        $1,237,315        $1,103,859
Interest on mortgage-backed securities             6,496             6,524             3,191             3,104
Interest on other investments                    105,812           155,642            53,938            52,398
                                              ----------        ----------        ----------        ----------
  Total interest income                       $2,567,902        $2,329,739        $1,294,444        $1,159,361
                                              ----------        ----------        ----------        ----------

Interest on savings deposits                  $1,422,399        $1,277,148        $  736,648        $  623,340
Interest on borrowed money                        88,410             3,084            28,998                --
Interest on escrow deposits                          998             1,143               322               308
                                              ----------        ----------        ----------        ----------
  Total interest expense                      $1,511,807        $1,281,375        $  765,968        $  623,648

 Net interest income before provision
   for loan losses                             1,056,095         1,048,364           528,476           535,713
Provision for loan losses                             --                --                --                --
                                              ----------        ----------        ----------        ----------
  Net interest income                         $1,056,095        $1,048,364        $  528,476        $  535,713
                                              ----------        ----------        ----------        ----------
Other Income
------------
  Loan fees and service charges               $   47,128        $   45,189        $   25,021        $   26,465
  Other                                            6,438             6,450             4,336             2,174
                                              ----------        ----------        ----------        ----------
    Total other income                        $   53,566        $   51,639        $   29,357        $   28,639
                                              ----------        ----------        ----------        ----------

Noninterest Expenses
--------------------
  Salaries and employee benefits              $  443,101        $  435,038        $  210,427        $  205,440
  Occupancy costs                                 54,694            45,925            28,211            21,615
  Professional services                           33,808            49,367            18,481            27,297
  Federal deposit insurance premiums               5,699            17,125             2,852             8,691
  Furniture and fixtures depreciation and
    maintenance                                   22,969            26,353            11,250            13,218
  Data processing                                 40,916            43,228            20,245            22,927
  Advertising                                     37,506            30,449            15,455            20,666
  Franchise and other taxes                       22,020            21,233            10,554             9,962
  Other                                          105,570            96,771            58,288            50,238
                                              ----------        ----------        ----------        ----------
    Total noninterest expenses                $  766,283        $  765,489        $  375,763        $  380,054

Income before tax provision                      343,378           334,514           182,070           184,298

Provision for income taxes                       132,600           131,021            70,600            71,000
                                              ----------        ----------        ----------        ----------
    Net Income                                $  210,778        $  203,493        $  111,470        $  113,298
                                              ----------        ----------        ----------        ----------

    Basic net income per share                     $0.29             $0.26             $0.15             $0.15
    Diluted net income per share                   $0.27             $0.25             $0.15             $0.14

</TABLE>

See accompanying notes to financial statements.

                                        3
<PAGE>
                         Wyman Park Bancorporation, Inc.
                                and Subsidiaries
                              Lutherville, Maryland

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                     Six Months Ended December 31,
                                                                                     ----------------------------
                                                                                        2000               1999
                                                                                        ----               ----
Cash Flows from operating activities
------------------------------------
<S>                                                                                <C>                 <C>
  Net income                                                                       $    210,778        $    203,493
  Adjustments to reconcile net income to net
    Cash provided by operating activities:
           Depreciation and amortization                                                 20,723              25,684
           Amortization of loan fees                                                    (26,748)            (29,700)
           Decease in accrued interest receivable                                        16,533               7,885
   Decrease in prepaid expenses and other assets                                         15,346              33,950
    Increase in accrued expenses and other liabilities                                  111,667              61,339
           Increase in deferred tax asset                                                    --             (29,020)
             Increase (decrease) in federal and state income taxes receivable              (319)             13,688
           Increase in federal and state income taxes payable                            (8,141)               (727)
           Increase (decrease) in accrued interest payable on
             savings deposits                                                             2,283                (438)
           Decrease in accrued interest payable on borrowings                           (11,896)             (5,038)
                                                                                   ------------        ------------
Net cash provided by operating activities                                               330,226             281,116

Cash flows from investing activities
------------------------------------
  Net (increase) decrease in loans receivable                                           345,277          (3,614,875)
  Purchase of loan participations                                                      (246,519)           (500,000)
  Mortgage-backed securities principal repayments                                        11,805              23,993
  Purchases of property and equipment                                                      (757)             (4,271)
                                                                                   ------------        ------------
 Net cash provided by  (used in) investing activities                                   109,806          (4,095,153)

Cash flows from financing activities
------------------------------------
  Net increase (decrease) in savings deposits                                         2,796,679          (2,472,244)
  Decrease in borrowings                                                             (2,500,000)         (2,650,000)
  Decrease in advance payments by borrowers
    for taxes, insurance and ground rents                                              (748,780)           (611,827)
  Repurchase of common stock                                                           (505,075)                 --
                                                                                   ------------        ------------
Net cash used in financing activities                                                  (957,176)         (5,734,071)

Net (decrease) in cash and cash equivalents                                        $   (517,144)       $ (9,548,108)
Cash and cash equivalents at beginning of period                                      2,085,906          12,100,730
                                                                                   ------------        ------------
Cash and cash equivalents at end of period                                         $  1,568,762        $  2,552,622
                                                                                   ------------        ------------
Supplemental information
------------------------
  Interest paid on savings deposits and borrowed funds                             $  1,511,806        $  1,281,375

  Income taxes paid                                                                $    141,060        $    152,576
</TABLE>
See accompanying notes to financial statements.

                                        4
<PAGE>
                WYMAN PARK BANCORPORATION, INC. AND SUBSIDIARIES
                              LUTHERVILLE, MARYLAND
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE 1:    WYMAN PARK BANCORPORATION, INC.

Wyman Park Bancorporation,  Inc. (the "Company") is the holding company of Wyman
Park Federal Savings & Loan  Association  ("Association"),  which converted from
mutual to stock form ("Stock Conversion") and became the wholly owned subsidiary
of the  Company on  January 5, 1998.  All  references  to the  Company  prior to
January 5, 1998,  except where otherwise  indicated are to the Association.  The
Company's  common stock began trading on the OTC  Electronic  Bulletin  Board on
January 7, 1998 under the symbol "WPBC".

The Association is regulated by the Office of Thrift  Supervision  ("OTS").  The
primary  business of the Association is to attract  deposits from individual and
corporate  customers and to originate  residential and commercial mortgage loans
and consumer loans.  The Association  competes with other financial and mortgage
institutions  in attracting and retaining  deposits and originating  loans.  The
Association  conducts  operations  through  its main  office  located at 11 West
Ridgely Road, Lutherville,  Maryland 21093 and one branch office located at 7963
Baltimore-Annapolis Boulevard, Glen Burnie, Maryland 21060.

NOTE 2:    BASIS OF PRESENTATION

The accompanying  unaudited consolidated financial statements have been prepared
in accordance with  instructions  for Form 10-QSB and therefore,  do not include
all  disclosures  necessary  for a complete  presentation  of the  statements of
condition,  statements of operations  and statements of cash flows in conformity
with generally accepted accounting  principles.  However, all adjustments which,
in the opinion of  management,  are necessary for the fair  presentation  of the
interim  financial  statements have been included.  Such  adjustments  were of a
normal  recurring  nature.  The results of  operations  for the six months ended
December  31, 2000 are not  necessarily  indicative  of the results  that may be
expected for the entire year.  Certain prior year amounts have been reclassified
to conform with the current year presentation.

NOTE 3:    CASH AND CASH EQUIVALENTS

For cash, non-interest bearing deposits, variable rate interest-bearing deposits
in other  banks and federal  funds sold,  the  carrying  amount is a  reasonable
estimate of fair value.

                                       5
<PAGE>

NOTE 4:    EARNINGS PER SHARE

Basic  earnings  per share is computed by  dividing  net income by the  weighted
average number of common shares outstanding for the appropriate period. Unearned
Employee  Stock  Ownership  Plan (ESOP)  shares are not included in  outstanding
shares.  Diluted  earnings  per share is computed by dividing  net income by the
weighted average shares outstanding as adjusted for the dilutive effect of stock
options  and  unvested  stock  awards  based  on the  "treasury  stock"  method.
Information relating to the calculations of net income per share of common stock
is  summarized  for the three months and six months ended  December 31, 2000 and
1999 as follows:

                                        Three Months Ended     Six Months Ended
                                           December 31,         December  31,
                                         2000       1999       2000       1999
                                       -------------------   -------------------

Net income                             $111,470   $113,299   $210,778   $203,493
Weighted average shares
  Outstanding basic EPS                 720,126    768,692    739,031    783,316
Dilutive items
  Stock options                          26,025     32,417     27,096     32,614
  Unvested stock awards                     542      2,309        761      2,359
Adjusted weighted average shares
   Outstanding used for diluted EPS     746,693    803,418    766,888    818,289

NOTE 5:  REGULATORY CAPITAL REQUIREMENTS

Under OTS  regulations,  the Association must maintain capital at least equal to
specified  percentage of its assets.  The  Association's  assets and capital for
these  purposes are subject to OTS  regulatory  definition,  and the  percentage
levels vary depending on the capital levels being measured.  The following table
presents  the  Association's  capital  position  based on the  December 31, 2000
financial statements.
<TABLE>
<CAPTION>
                                                                                   To Be Well
                                                                                Capitalized Under
                                                         For Capital            Prompt Corrective
                                 Actual               Adequacy Purposes         Action Provisions
                         --------------------      ---------------------      ---------------------
                           Amount      Ratio         Amount       Ratio         Amount       Ratio
                           ------      -----         ------       -----         ------       -----
<S>                      <C>           <C>         <C>             <C>        <C>             <C>
Total Capital (to
 Risk Weighted
 Assets)                 $7,962,895    19.9%       $3,207,857      8.0%       $4,009,822      10.0%
Tier I capital (to
 Risk Weighted
 Assets)                  7,677,895    19.1%        1,603,929      4.0%        2,405,893       6.0%
Tier 1 Capital (to
 Average Assets)          7,677,895    11.3%        2,727,591      4.0%        3,409,489       5.0%
</TABLE>
                                        6

<PAGE>

ITEM 2: MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

FORWARD-LOOKING STATEMENTS

When  used  in this  filing  and in  future  filings  by the  Company  with  the
Securities  and Exchange  Commission,  in the Company's  press releases or other
public  or  shareholder  communications,  or in oral  statements  made  with the
approval of an authorized  executive  officer,  the words or phrases "would be,"
"will  allow,"  "intends  to," "will likely  result,"  "are  expected to," "will
continue," "is anticipated,"  "estimate,"  "project" or similar  expressions are
intended  to  identify  "forward-looking  statements"  within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are subject to
risks and  uncertainties,  including  but not  limited to  changes  in  economic
conditions  in the  Company's  market  area,  changes in policies by  regulatory
agencies,  fluctuations  in interest  rates,  demand for loans in the  Company's
market area and competition,  all or some of which could cause actual results to
differ  materially from historical  earnings and those presently  anticipated or
projected.

The Company  wishes to caution  readers not to place undue  reliance on any such
forward-looking  statements,  which speak only as of the date made,  and advises
readers  that  various  factors,   including   regional  and  national  economic
conditions,  substantial  changes in levels of market interest rates, credit and
other risks of lending and investment  activities and competitive and regulatory
factors,  could affect the Company's  financial  performance and could cause the
Company's  actual  results for future  periods to differ  materially  from those
anticipated or projected.

The Company does not undertake,  and specifically disclaims any obligations,  to
update any  forward-looking  statements to reflect  occurrences or unanticipated
events or circumstances after the date of such statements.

                                        7
<PAGE>

COMPARISON OF FINANCIAL CONDITION AT DECEMBER 31, 2000 AND JUNE 30, 2000

The Company's assets decreased $600,000 or 0.9% to $68.2 million at December 31,
2000 from $68.8 million at June 30, 2000.  Cash and cash  equivalents  decreased
$500,000 or 23.8% to $1.6 million at December 31, 2000 from $2.1 million at June
30,  2000,  primarily  as a result of a decrease  in  borrowings,  a decrease in
advance  payments  to  borrowers  for taxes,  insurance  and ground  rents and a
decrease in  stockholders'  equity,  offset by an increase in savings  deposits.
Advances  from the Federal Home Loan Bank of Atlanta  decreased  $2.5 million or
83.3% to $500,000 at December 31, 2000 from $3.0 million at June 30, 2000,  as a
result of  repayments  by the  Company  funded by  increased  savings  deposits.
Advance  payments by borrowers for taxes,  insurance and ground rents  decreased
$700,000 or 53.8% to $600,000 at December 31, 2000 from $1.3 million at June 30,
2000 as a result of the payment of escrowed  real estate  taxes.  The  Company's
stockholders'  equity decreased $300,000 or 3.5% to $8.3 million at December 31,
2000 from $8.6 million at June 30, 2000.  The decrease in  stockholders'  equity
was due  primarily to its stock  buyback  program that  generated an increase in
Treasury  stock of $500,000 or 41.7% to $1.7  million at December  31, 2000 from
$1.2  million at June 30,  2000,  offset by net income of  $200,000  for the six
months ended December 31, 2000.  Savings deposits increased $2.8 million or 5.1%
to $58.1 million at December 31, 2000 from $55.3 million at June 30, 2000 as the
Company attracted more funds in certificates of deposit.


COMPARISON  OF OPERATING  RESULTS FOR THE QUARTER AND SIX MONTHS ENDED  DECEMBER
31, 2000 AND DECEMBER 31, 1999

Net Income
----------

The Company  reported net income of $111,000 for the quarter ended  December 31,
2000  compared to $113,000 for the quarter ended  December 31, 1999.  The $2,000
decrease in net income was primarily due to a decrease in net interest income of
$8,000,  offset by an  increase  in other  income of $1,000  and a  decrease  in
noninterest expenses of $4,000.

The Company's net income for the six months ended December 31, 2000 was $211,000
compared to $203,000  for the six months ended  December  31,  1999.  The $8,000
increase in net income was primarily  due to an increase in net interest  income
of $8,000.

Interest Income
---------------

Total  interest  income  increased  by $135,000 or 11.6% to  $1,294,000  for the
quarter ended  December 31, 2000 from  $1,159,000 for the quarter ended December
31, 1999. The increase in total interest income for the comparable  three months
periods was due primarily to an increase of $3.4 million in the average  balance
of interest-earning  assets to $67.8 million from $64.4 million, and an increase
of 44 basis points in the average yield on interest-earning assets to 7.63% from
7.19%.

                                        8
<PAGE>

Total interest  income  increased by $238,000 or 10.2% to $2,568,000 for the six
months ended December 31, 2000 from $2,330,000 for the six months ended December
31, 1999.  The increase in total  interest  income for the comparable six months
periods was due primarily to an increase of $3.7 million in the average  balance
of interest-earning  assets to $68.0 million from $64.3 million, and an increase
of 31 basis points in the average yield on interest-earning assets to 7.56% from
7.25%.

The increase in the average balance of interest-earning assets was due primarily
to an increase in average loans receivable as a result of increased loan volume.

Interest Expense
----------------

Total  interest  expense  increased  by $142,000  or 22.8% to  $766,000  for the
quarter ended December 31, 2000 from $624,000 for the quarter ended December 31,
1999.  The increase in total interest  expense for the  comparable  three months
periods was due primarily to an increase of $3.8 million in the average  balance
of  interest-bearing  liabilities  to $59.3  million  from $55.5  million and an
increase of 68 basis points in the average yield on interest-bearing liabilities
to 5.17% from 4.49%.

The increase in the average balance of  interest-bearing  liabilities was due to
an increase in the average  balance of savings  deposits of $2.1 million for the
three  months  comparable  periods and an  increase  of $1.7  million in average
borrowings for the three months comparable periods.

Total interest expense  increased by $231,000 or 18.0% to $1,512,000 for the six
months ended December 31, 2000 from $1,281,000 for the six months ended December
31, 1999. The increase in total  interest  expense for the comparable six months
periods was due primarily to an increase of $2.9 million in the average  balance
of  interest-bearing  liabilities  to $59.1  million  from $56.2  million and an
increase of 56 basis points in the average yield on interest-bearing liabilities
to 5.11% from 4.55%.

The increase in the average balance of  interest-bearing  liabilities was due to
an increase in the average  balance of savings  deposits of $300,000 for the six
months comparable  periods and an increase of $2.6 million in average borrowings
for the six months comparable periods.

Net Interest Income
-------------------

The  Company's net interest  income  decreased by $8,000 or 1.5% to $528,000 for
the quarter ended December 31, 2000 from $536,000 for the quarter ended December
31, 1999. The decrease in net interest income was primarily due to a decrease in
the  ratio  of  average  interest-earning  assets  to  average  interest-bearing
liabilities to 114.4% from 116.0%,  as the Company increased its average savings
deposits and borrowings.  The Company's net interest  margin  decreased 21 basis
points to 3.11% from 3.32%.

                                        9
<PAGE>

The Company's net interest income  increased by $8,000 or 0.8% to $1,056,000 for
the six months ended December 31, 2000 from  $1,048,000 for the six months ended
December 31, 1999.  The increase in net interest  income was primarily due to an
increase   in  the  ratio  of   average   interest-earning   assets  to  average
interest-bearing  liabilities to 115.0% from 114.4%.  The Company's net yield on
interest-earning assets decreased by 16 basis points to 3.11% from 3.27%.

Provision For Loan Losses
-------------------------

Management  monitors its  allowance  for loan losses and makes  additions to the
allowance,  through the provision for loan losses,  as economic  conditions  and
other factors dictate. Among the other factors considered by management are loan
volume,  type of  collateral  and prior loan loss  experience.  During the three
months and six months ended December 31, 2000 and December 31, 1999, the Company
recorded no provision for loan losses.  The Company's  nonperforming  loans as a
percentage  of loans  receivable  was 0.06% and 0.42% at December 31, 2000,  and
June  30,  2000,  respectively,  all  consisting  of  single-family  residential
mortgage loans.

Noninterest Income
------------------

Total  noninterest  income  increased  insignificantly  for the  quarter and six
months ended December 31, 2000 over the comparable  three and six months periods
ended December 31, 1999.

Noninterest Expenses
--------------------

Total  noninterest  expenses  decreased  by $4,000 or 1.1% to  $376,000  for the
quarter ended December 31, 2000 from $380,000 for the quarter ended December 31,
1999.  The decrease in  noninterest  expenses was primarily due to a decrease in
federal deposit insurance premiums of $6,000 or 66.7%, a decrease in advertising
expense of $6,000 or 28.6% and a decrease in professional  services of $9,000 or
33.3%,  partially offset by an increase in other noninterest  expenses of $8,000
or 16.0%.  The decrease in federal  deposit  insurance  premiums was a scheduled
reduction due to the  recapitalization  of the insurance  fund,  the decrease in
advertising expenses was due to the timing of the expenditures,  the decrease in
professional  services  was due to a  decrease  in audit and legal  fees and the
increase in other noninterest expenses was primarily due to increased attendance
at seminars and  conventions,  increased dues and  subscriptions  and higher ATM
service fees charged by the provider.

Total noninterest  expenses  increased by $1,000 or 0.1% to $766,000 for the six
months ended  December 31, 2000 from $765,000 for the six months ended  December
31, 1999. The increase in noninterest  expenses was primarily due to an increase
in occupancy  costs of $9,000 or 19.6%,  an increase in advertising  expenses of
$8,000 or 26.7% and an increase in other noninterest expenses of $9,000 or 9.3%,
partially offset by a decrease in professional  services of $15,000 or 30.6% and
a decrease in federal deposit insurance premiums of

                                       10
<PAGE>

$11,000 or 64.7%.  The increase in occupancy costs was due primarily to painting
the exterior of the main office building,  the increase in advertising  expenses
was  due  to  a  billboard  advertising  campaign  and  the  increase  in  other
noninterest   expenses  was  due  to  increased   attendance   at  seminars  and
conventions,  increased  dues  and  subscriptions,  increased  employee  mileage
reimbursement  due to the new  commercial  lending  department  and  higher  ATM
service fees charged by the provider.  The decrease in professional services was
due to a decrease in audit and legal fees and the  decrease  in federal  deposit
insurance premiums was a scheduled reduction due to the  recapitalization of the
insurance fund.

Liquidity and Capital Resources
-------------------------------

Liquidity  management for the Company is both an ongoing and long-term  function
of  the  Company's  asset/liability  management  strategy.  Excess  funds,  when
applicable, generally are invested in overnight deposits at a correspondent bank
and at the Federal Home Loan Bank (FHLB) of Atlanta.  Currently when the Company
requires funds,  beyond its ability to generate deposits,  additional sources of
funds are available, as advances or borrowings, through the FHLB of Atlanta. The
Company  has the  ability to pledge its FHLB of Atlanta  stock or certain  other
assets as  collateral  for up to $14 million in  advances.  The  Company's  most
liquid  assets  are  cash  and  cash  equivalents,   which  include   short-term
investments.  The  levels  of  these  assets  are  dependent  on  the  Company's
operating,  financing  and  investing  activities  during any given  period.  At
December  31, 2000,  the  Company's  cash on hand,  interest  bearing  deposits,
Federal funds sold and short-term  investments totaled $1.6 million.  Management
and the Board of  Directors  believe that the  Company's  liquidity is adequate,
including its ability to secure  advances  from the FHLB of Atlanta,  to satisfy
its loan commitments of approximately $1.5 million as of December 31, 2000.

The Company's  principal  sources of funds are  deposits,  loan  repayments  and
prepayments,  and other funds  provided by operations.  Certificates  of deposit
which are scheduled to mature in less than one year at December 31, 2000 totaled
$24.3  million.  Historically,  a high  percentage  of  maturing  deposits  have
remained  with the Company.  While  scheduled  loan  repayments  are  relatively
predictable,  deposit flows and early loan  prepayments  are more  influenced by
interest rates,  general economic conditions,  and competition.  The Association
maintains investments in liquid assets based upon management's assessment of (1)
need for funds,  (2) expected  deposit flows, (3) yields available on short-term
liquid assets and (4) objectives of the asset/liability management program.

The  Company's  primary  source of cash in investing  activities  during the six
months  ended  December  31,  2000  was a net  decrease  of  $300,000  in  loans
receivable.

The Company's primary uses of cash in financing activities during the six months
ended  December  31,  2000  consisted  of a net  decrease  of  $2.5  million  in
borrowings,  a net  decrease of $700,000 in advance  payments by  borrowers  for
taxes,  insurance  and ground  rents,  and the  repurchase of $500,000 in common
stock, offset by a net increase of $2.8 million in savings deposits.

                                       11
<PAGE>

PART II.   OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS
           None.

ITEM 2.    CHANGES IN SECURITIES
           None.

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES
           None.

ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS

          (a)  On  October  18,  2000,  Wyman  Park  Bancorporation,  Inc.  (the
               "Company") held its Annual Meeting of Stockholders.

          (b)  Not Applicable

          (c)  Stockholders voted on the following matters:

               (i)  The  election  of  the  following  three  directors  of  the
                    Company;

                      Votes:                              For         Withheld
                      ------                              ---         --------

                      John R. Beever                    540,967       49,604
                      Albert M. Copp                    540,967       49,604
                      Gilbert D. Marsiglia              539,967       50,604

               As a  result,  John R.  Beever,  Albert M.  Copp and  Gilbert  D.
               Marsiglia  were  elected  directors  for terms to expire in 2003.
               There were no abstentions or broker non votes.

ITEM 5.    OTHER INFORMATION
           None

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K
           (a) Exhibits
               None

           (b) Reports on Form 8-K
               None

                                       12
<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.


                                  WYMAN PARK BANCORPORATION, INC.
                                  Registrant


Date:  January 31, 2001           /s/ Ernest A. Moretti
                                  -----------------------------------
                                  Ernest A. Moretti
                                  President and Chief Executive Officer
                                  (Principal Executive Officer)


Date:  January 31, 2001           /s/ Ronald W. Robinson
                                  -----------------------------------
                                  Ronald W. Robinson
                                  Treasurer
                                  (Principal Financial and Accounting Officer)

                                       13