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 March 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 May 10,  2000,  the issuer had 905,926  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
          March 31, 2000 and June 30, 1999..............................       2

          Consolidated Statements of Operations for the Three Month and Nine
          Month Period ended March 31, 2000 and 1999....................       3

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

          Notes to Consolidated Financial Statements....................     5-7

Item 2.   Management's Discussion and Analysis of Financial Condition and
          Results of Operations.........................................    8-12

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings..............................................      13

Item 2.  Changes in Securities and Use of Proceeds......................      13

Item 3.  Defaults Upon Senior Securities................................      13

Item 4.  Submission of Matters to a Vote of Security Holders............      13

Item 5.  Other Information..............................................      13

Item 6.  Exhibits and Reports on Form 8-K...............................      13

SIGNATURES..............................................................      14

                                       1
<PAGE>
                Wyman Park Bancorporation, Inc. and Subsidiaries
                              Lutherville, Maryland
                 Consolidated Statements of Financial Condition
<TABLE>
<CAPTION>
                                                           March 31,       June 30,
                                                             2000            1999
                                                           ---------       --------
                                                          (Unaudited)
         Assets
         ------
<S>                                                    <C>             <C>
Cash and noninterest bearing deposits                  $    239,301    $    346,756
Interest bearing deposits in other banks                    996,289       7,068,548
Federal funds sold                                          809,737       4,685,426
                                                       ------------    ------------
Total cash and cash equivalents                           2,045,327      12,100,730
Loans receivable, net                                    62,954,083      56,839,675
Mortgage-backed securities held to maturity
  at amortized cost, fair value of $185,782 (3/00)
  and $217,971 (6/99)                                       182,367         216,663
Federal Home Loan Bank of Atlanta stock, at cost            508,500         508,500
Accrued interest receivable                                 310,640         292,175
Ground rents owned, at cost                                 122,600         122,600
Property and equipment, net                                 122,661         155,281
Federal and state income taxes receivable                    29,020          13,688
Deferred tax asset                                          189,020         189,020
Prepaid expenses and other assets                            65,069          92,056
                                                       ------------    ------------
Total Assets                                           $ 66,529,287    $ 70,530,388
                                                       ------------    ------------

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

Liabilities:
Demand deposits                                        $  5,409,621    $  5,803,776
Money market and NOW accounts                             9,855,993      12,169,347
Time deposits                                            39,261,659      40,035,036
                                                       ------------    ------------
Total deposits                                           54,527,273      58,008,159
Checks outstanding in excess of bank balance                 33,352              --
Borrowings                                                2,000,000       2,650,000
Advance payments by borrowers for taxes,
  insurance and ground rents                                999,680       1,278,634
Accrued interest payable on savings deposits                 18,410          20,148
Accrued interest on borrowings                                8,140           5,038
Federal and state income taxes payable                        3,000             727
Accrued expenses and other liabilities                      516,304         538,375
                                                       ------------    ------------
Total liabilities                                        58,106,159      62,501,081

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                                4,035,652       3,959,985
Contra equity - Employee Stock Ownership Plan (ESOP)       (632,420)       (632,420)
Retained earnings, substantially restricted               6,209,543       5,891,389
Treasury Stock; 105,787 shares, at cost at
  March 31, 2000                                         (1,199,764)     (1,199,764)
                                                       ------------    ------------
Total stockholders' equity                                8,423,128       8,029,307
                                                       ------------    ------------

Total liabilities and stockholders' equity             $ 66,529,287    $ 70,530,388
                                                       ------------    ------------
</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 Nine Months      For the Three Months
                                                 Ended March 31,           Ended March 31,
                                               2000          1999         2000        1999
                                               ----          ----         ----        ----
<S>                                         <C>          <C>          <C>          <C>
Interest and fees on loans receivable       $3,320,078   $3,470,934   $1,152,505   $1,112,517
Interest on mortgage-backed securities           9,467       13,271        2,943        4,115
Interest on other investments                  203,101      385,026       47,459      146,239
                                            ----------   ----------   ----------   ----------
  Total interest income                     $3,532,646   $3,869,231   $1,202,907   $1,262,871
                                            ----------   ----------   ----------   ----------

Interest on savings deposits                $1,903,452   $2,015,185   $  626,304   $  660,970
Interest on borrowed money                      21,437           --       18,353           --
Interest on escrow deposits                      2,073        2,467          930        1,093
                                            ----------   ----------   ----------   ----------
  Total interest expense                    $1,926,962   $2,017,652   $  645,587   $  662,063

 Net interest income before provision
   for loan losses                           1,605,684    1,851,579      557,320      600,808
Provision for loan losses                        2,400        2,550        2,400           --
                                            ----------   ----------   ----------   ----------
  Net interest income                       $1,603,284   $1,849,029   $  554,920   $  600,808
                                            ----------   ----------   ----------   ----------

Other Income
------------
  Loan fees and service charges             $   66,693   $   50,767   $   21,504   $   17,285
  Gain on sales of loans receivable                 --       47,174           --        9,154
  Other                                          9,337       21,546        2,887        5,610
                                            ----------   ----------   ----------   ----------
Total other income                          $   76,030   $  119,487   $   24,391   $   32,049
                                            ----------   ----------   ----------   ----------

Noninterest Expenses
--------------------
  Salaries and employee benefits            $  655,674   $  629,438   $  220,636   $  240,742
  Occupancy costs                               69,688       71,989       23,763       24,063
  Professional services                         67,025       48,875       17,658       13,260
  Federal deposit insurance premiums            20,119       24,958        2,994        8,630
  Furniture and fixtures depreciation and
    maintenance                                 39,749       38,587       13,396       13,474
  Data processing                               62,141       58,287       18,913       21,378
  Advertising                                   53,018       33,470       22,569       10,671
  Franchise and other taxes                     37,428       41,554       16,195       18,573
  Other                                        152,297      163,099       55,526       55,665
                                            ----------   ----------   ----------   ----------
    Total noninterest expenses              $1,157,139   $1,110,257   $  391,650   $  406,456

Income before tax provision                    522,175      858,259      187,661      226,401

Provision for income taxes                     204,021      322,176       73,000       74,456
                                            ----------   ----------   ----------   ----------

    Net Income                              $  318,154   $  536,083   $  114,661   $  151,945
                                            ----------   ----------   ----------   ----------

    Basic net income per share                   $0.41        $0.59        $0.15        $0.17
    Diluted net income per share                 $0.39        $0.58        $0.15        $0.17
</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>
                                                                             Nine Months Ended March 31,
                                                                             ---------------------------
                                                                                 2000            1999
                                                                                 ----            ----
Cash Flows from operating activities
------------------------------------
<S>                                                                         <C>             <C>
  Net income                                                                $    318,154    $    536,083
  Adjustments to reconcile net income to net
    Cash provided by operating activities:
         Depreciation and amortization                                            38,637          41,086
         Non-cash compensation under stock based benefit plan                     75,667          75,667
         Provision for loan losses                                                 2,400           2,550
         Amortization of loan fees                                               (54,017)        (66,187)
         Gain on sales of loans receivable                                            --         (47,174)
         Loans originated for sale                                                    --      (4,042,000)
         Proceeds from loans originated for sale                                      --       4,089,174
         (Increase) decrease in accrued interest receivable                      (18,465)         46,239
          (Increase) decrease in prepaid expenses  and other assets               26,987         (16,186)
        Increase (decrease) in accrued expenses and other liabilities            (22,071)         40,671
         (Increase) decrease in federal and state income taxes receivable        (15,332)            130
         Increase (decrease) in federal and state income taxes payable             2,273        (286,303)
         Increase (decrease)in accrued interest payable on
           savings deposits                                                       (1,738)          2,537
         Increase in accrued interest payable on borrowings                        3,102              --
                                                                            ------------    ------------
Net cash provided by operating activities                                        355,597         376,287

Cash flows from investing activities
------------------------------------
  Proceeds from sale of ground rents                                                  --           3,620
  Net (increase) decrease in loans receivable                                 (5,062,791)      3,033,549
  Purchase of loan participations                                             (1,000,000)       (235,506)
  Mortgage-backed securities principal repayments                                 34,296          53,821
  Purchases of property and equipment                                             (6,017)        (12,268)
                                                                            ------------    ------------
 Net cash used in investing activities                                        (6,034,512)      2,843,216

Cash flows from financing activities
------------------------------------
  Net increase (decrease) in savings deposits                                 (3,480,886)      3,785,479
  Net increase (decrease) in checks outstanding in excess of
     bank balance                                                                 33,352        (137,246)
  Decrease in borrowings                                                        (650,000)             --
  Decrease in advance payments by borrowers
    for taxes, insurance and ground rents                                       (278,954)       (328,841)
  Repurchase of common stock                                                          --      (1,584,928)
                                                                            ------------    ------------
Net cash provided by (used in) financing activities                           (4,376,488)      1,734,464

Net increase (decrease) in cash and cash equivalents                        $(10,055,403)   $  4,953,967
Cash and cash equivalents at beginning of period                              12,100,730       6,848,123
                                                                            ------------    ------------
Cash and cash equivalents at end of period                                  $  2,045,327    $ 11,802,090
                                                                            ------------    ------------
Supplemental information
------------------------
  Interest paid on savings deposits and borrowed funds                      $  1,926,962    $  2,023,465

  Income taxes paid                                                         $    222,376    $    608,620
</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 nine months ended
March  31,  2000  are not  necessarily  indicative  of the  results  that may be
expected for the entire year.

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 nine months ended March 31, 2000 and 1999
as follows:

                                       Three Months Ended     Nine Months Ended
                                            March 31,            March  31,
                                         2000       1999      2000       1999
                                      -------------------   -------------------

Net income                            $114,661   $151,945   $318,154   $536,083
Weighted average shares
  Outstanding basic EPS                761,519    893,892    776,103    913,839
Dilutive items
  Stock options                         22,259     21,706     30,012      7,130
  Unvested stock awards                     --        551      1,359        181
Adjusted weighted average shares
   Outstanding used for diluted EPS    783,778    916,149    807,474    921,150

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  March  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)             $7,519,359     19.6%     $3,062,551     8.0%     $3,828,188     10.0%
Tier I capital (to
 Risk Weighted
 Assets)              7,234,359     18.9%      1,531,275     4.0%      2,296,913      6.0%
Tier 1 Capital (to
 Average Assets)      7,234,359     10.9%      2,661,288     4.0%      3,326,610      5.0%
</TABLE>
                                        6
<PAGE>

NOTE 6: RECENT ACCOUNTING PRONOUNCEMENTS

FASB statement on Accounting for Derivative Instruments and Hedging Activities -
In  June,  1998,  the  Financial  Accounting  Standards  Board  ("FASB")  issued
Statement of Financial Accounting Standards ("SFAS") No. 133, as amended by SFAS
No. 137, which standardizes the accounting for derivative  instruments including
certain derivative instruments embedded in other contracts, by requiring that an
entity  recognize  these  items as assets or  liabilities  in the  statement  of
financial  position and measure  them at fair value.  This  Statement  generally
provides  for  matching  the timing of gain or loss  recognition  on the hedging
instrument  with the  recognition of the changes in the fair value of the hedged
asset or  liability  that are  attributable  to the hedged risk or the  earnings
effect of the hedged forecasted transaction.  The Statement,  which is effective
for all fiscal  quarters of all fiscal years  beginning  after June 15, 2000, is
not  expected  to  materially  affect the  Company's  financial  position or its
results of operations.

                                        7
<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.

                                        8
<PAGE>
COMPARISON OF FINANCIAL CONDITION AT MARCH 31, 2000 AND JUNE 30, 1999

The Company's  assets  decreased  $4.0 million or 5.7% to $66.5 million at March
31,  2000  from  $70.5  million  at June 30,  1999.  Cash  and cash  equivalents
decreased  $10.1  million or 83.5% to $2.0  million at March 31, 2000 from $12.1
million at June 30, 1999, primarily as a result of the funding of an increase in
net loans  receivables,  less than $1.0  million  decrease in  borrowings  and a
decrease  in  savings  deposits  due to a highly  competitive  market  for local
deposits.  Net loans receivable increased $6.2 million or 10.9% to $63.0 million
at March 31,  2000 from  $56.8  million  at June 30,  1999,  as the  Association
continued  to  originate  adjustable  rate  and  commercial  loans  for  its own
portfolio and is not currently originating fixed rate loans for its portfolio or
for sale,  due to current  rising  interest  rate  conditions.  The $6.2 million
increase in net loans receivable was primarily the result of an increase of $4.9
million in  residential  real  estate  loans,  an  increase  of $1.0  million in
commercial real estate loans and an increase of $300,000 in commercial  non-real
estate loans.  Savings deposits  decreased $3.5 million or 6.0% to $54.5 million
at  March  31,  2000  from  $58.0  million  at  June  30,  1999.  The  Company's
stockholders'  equity  increased  $400,000 or 5.0% to $8.4  million at March 31,
2000 from $8.0 million at June 30,  1999,  as a result of net income of $318,000
for the nine months  ended March 31,  2000,  and a decrease in contra  equity of
$76,000 for the annual distribution from the Company's Recognition and Retention
Plan (RRP) to its key employees.

COMPARISON OF OPERATING  RESULTS FOR THE QUARTER AND NINE MONTHS ENDED MARCH 31,
2000 AND MARCH 31, 1999

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

The Company reported net income of $115,000 for the quarter ended March 31, 2000
compared to $152,000 for the quarter ended March 31, 1999.  The $37,000  decline
in net income was primarily due to a decrease in net interest income of $44,000,
and a decrease  in other  income of $8,000,  partially  offset by a decrease  in
noninterest expense of $14,000.

The  Company's  net income for the nine months ended March 31, 2000 was $318,000
compared to $536,000  for the nine months  ended March 31,  1999.  The  $218,000
decrease in net income was primarily due to a decrease in net interest income of
$246,000,  a decrease in other income of $43,000 and an increase in  noninterest
expense of $47,000, offset by a decrease in income tax expense of $118,000.

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

Total interest income decreased by $60,000 or 4.8% to $1,203,000 for the quarter
ended March 31, 2000 from  $1,263,000  for the quarter ended March 31, 1999. The
decrease in total interest  income for the  comparable  three months periods was
due  primarily  to a  decrease  of  $6.4  million  in  the  average  balance  of
interest-earning assets to $65.7 million from $72.1 million, partially offset by
an increase of 31 basis points in the average yield on  interest-earning  assets
to 7.32% from 7.01%.

                                        9
<PAGE>

Total interest  income  decreased by $336,000 or 8.7% to $3,533,000 for the nine
months ended March 31, 2000 from  $3,869,000 for the nine months ended March 31,
1999.  The  decrease in total  interest  income for the  comparable  nine months
periods  was due to a  decrease  of  $6.0  million  in the  average  balance  of
interest-earning assets to $65.3 million from $71.3 million.

The decrease in the average balance of interest-earning assets was due primarily
to a decrease in federal  funds sold, as a result of the use of cash to fund the
Company's return of capital  distribution in June, 1999 and a decline in savings
deposits.

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

Total interest expense  decreased by $16,000 or 2.4% to $646,000 for the quarter
ended March 31, 2000 from  $662,000 for the quarter  ended March 31,  1999.  The
decrease in total interest  expense for the comparable  three months periods was
due  primarily  to a  decrease  of  $1.0  million  in  the  average  balance  of
interest-bearing liabilities to $56.7 million from $57.7 million.

Total interest  expense  decreased by $91,000 or 4.5% to $1,927,000 for the nine
months ended March 31, 2000 from  $2,018,000 for the nine months ended March 31,
1999.  The decrease in total  interest  expense for the  comparable  nine months
periods  was due to a  decrease  of 18  basis  points  in the  average  yield on
interest  bearing  liabilities to 4.55% from 4.73%  accompanied by a decrease of
$600,000 in the average balance of interest bearing liabilities to $56.3 million
from $56.9 million.

The decrease in the average balance of interest-bearing liabilities was due to a
decrease in average  savings  deposits for the three and nine months  comparable
periods.

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

The Company's net interest  income  decreased by $44,000 or 7.3% to $557,000 for
the quarter  ended March 31, 2000 from  $601,000 for the quarter ended March 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 116.0% from 124.9%,  as the Company  used federal  funds at the end of fiscal
year 1999 to fund the return of capital distribution. The Company's net yield on
interest-earning assets increased 6 basis points to 3.40% from 3.34%.

The Company's net interest  income  decreased by $246,000 or 13.3% to $1,606,000
for the nine months  ended March 31,  2000 from  $1,852,000  for the nine months
ended March 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 116.0% from 125.3%.  The Company's net yield on
interest-earning assets decreased by 18 basis points to 3.28% from 3.46%.

                                       10
<PAGE>

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 nine
months ended March 31, 2000, the Company recorded a provision for loan losses of
$2,400 compared to $2,550 for the nine months ended March 31,1999. The Company's
nonperforming  loans as a percentage of loans  receivable was 0.03% and 0.00% at
March 31, 2000, and June 30, 1999, respectively, all consisting of single-family
residential mortgage loans.

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

Total noninterest income decreased by $8,000 or 25.0% to $24,000 for the quarter
ended March 31, 2000 from  $32,000 for the  quarter  ended March 31,  1999.  The
decrease in noninterest income was due primarily to a decrease of $9,000 in gain
on sales of loans  receivable  to $0 for the  quarter  ended March 31, 2000 from
$9,000 for the quarter ended March 31, 1999.

Total  noninterest  income decreased by $43,000 or 36.1% to $76,000 for the nine
months  ended March 31, 2000 from  $119,000  for the nine months ended March 31,
1999.  The  decrease in  noninterest  income was due  primarily to a decrease of
$47,000 in gain on sales of loans  receivable  to $0 for the nine  months  ended
March 31, 2000 from $47,000 for the nine months ended March 31, 1999.

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

Total  noninterest  expenses  decreased  by $14,000 or 3.4% to $392,000  for the
quarter ended March 31, 2000 from $406,000 for the quarter ended March  31,1999.
The decrease in noninterest expenses was primarily due to a decrease in salaries
and  employee  benefits  expense of $20,000 or 8.3% to $221,000  for the quarter
ended March 31, 2000 from $241,000 for the quarter  ended March 31, 1999,  and a
decrease in federal deposit insurance  premiums of $6,000 or 66.7% to $3,000 for
the quarter  ended  March 31,  2000 from $9,000 for the quarter  ended March 31,
1999,  partially  offset by an  increase  in  advertising  expense of $12,000 or
109.1% to $23,000  for the quarter  ended  March 31,  2000 from  $11,000 for the
quarter  ended March 31, 1999.  The  decrease in salaries and employee  benefits
expense  was due to a  temporary  reduction  in staff  during the  quarter.  The
decrease in federal deposit insurance premiums was a scheduled  reduction due to
the  recapitalization  of the  insurance  fund and the  increase in  advertising
expense was due to a more aggressive advertising campaign.

Total  noninterest  expenses  increased by $47,000 or 4.2% to $1,157,000 for the
nine months ended March 31, 2000 from $1,110,000 for the nine months ended March
31, 1999.

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<PAGE>

The  increase  in  noninterest  expenses  was  primarily  due to an  increase in
salaries  and employee  benefits  expense of $27,000 or 4.3% to $656,000 for the
nine months  ended March 31, 2000 from  $629,000 for the nine months ended March
31, 1999. Also,  advertising  expense  increased $20,000 or 60.6% to $53,000 for
the nine  months  ended March 31,  2000 from  $33,000 for the nine months  ended
March 31, 1999, as a result of the more  aggressive  advertising  campaign.  The
increase in salaries  and  employee  benefits  expense was  primarily  due to an
expansion of staff.

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 $8 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 March 31, 2000, the Company's
cash on hand,  interest  bearing  deposits,  Federal  funds sold and  short-term
investments totaled $2.0 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 March 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 March 31, 2000  totaled
$21.1  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  uses of cash in  investing  activities  during the nine
months  ended  March  31,  2000 were a net  increase  of $5.1  million  in loans
receivable, in addition to the purchase of loan participations of $1.0 million.

The  Company's  primary  uses of cash in  financing  activities  during the nine
months  ended  March  31,  2000  consisted  of a net  decrease  of  $650,000  in
borrowings,  a net decrease of $3.5 million in savings deposits,  and a decrease
of $300,000 in advance  payments by borrowers  for taxes,  insurance  and ground
rents.

                                       12
<PAGE>

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
         None.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS
         None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
         None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS
         None

ITEM 5.  OTHER INFORMATION
         None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
         (a)  The following exhibit is filed as part of this Form 10QSB:
                  Exhibit 27 - Financial Data Schedule

         (b)  Reports on Form 8-K
                  None

                                       13
<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:  May 10, 2000              /s/ Ernest A. Moretti
                                 ------------------------------------
                                 Ernest A. Moretti
                                 President and Chief Executive Officer
                                 (Principal Executive Officer)

Date:  May 10, 2000              /s/ Ronald W. Robinson
                                 -------------------------------------
                                 Ronald W. Robinson
                                 Treasurer
                                 (Principal Financial and Accounting Officer)

                                       14