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, 2001

_____        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 April 30, 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
          March 31, 2001 and June 30, 2000.................................... 2

          Consolidated Statements of Operations for the Three Month and
          Nine Month Periods ended March 31, 2001 and 2000.................... 3

          Consolidated Statements of Cash Flows for the Nine Month
          Periods Ended March 31, 2001 and 2000............................... 4

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

Item 2.   Management's Discussion and Analysis of Financial Condition and
          Results of Operations.............................................7-12

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,
                                                           2001              2000
                                                      --------------   ------------
                                                        (Unaudited)
         Assets
         ------
<S>                                                    <C>             <C>
Cash and noninterest bearing deposits                  $    271,605    $    310,442
Interest bearing deposits in other banks                     95,810         474,358
Federal funds sold                                          815,043       1,301,106
                                                       ------------    ------------
Total cash and cash equivalents                           1,182,458       2,085,906
Loans receivable, net                                    65,663,467      65,223,905
Mortgage-backed securities held to maturity
  at amortized cost, fair value of $156,317 (3/2001)
  and $176,350 (6/2000)                                     154,895         174,086
Federal Home Loan Bank of Atlanta stock, at cost            528,900         508,500
Accrued interest receivable                                 330,823         333,114
Ground rents owned, at cost                                 122,600         122,600
Property and equipment, net                                  81,764         107,304
Federal and state income taxes receivable                    31,698          16,985
Deferred tax asset                                          203,364         203,364
Prepaid expenses and other assets                            67,908          63,850
                                                       ------------    ------------
Total Assets                                           $ 68,367,877    $ 68,839,614
                                                       ------------    ------------

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

Liabilities:
Demand deposits                                        $  5,133,206    $  5,643,177
Money market and NOW accounts                             8,902,831       9,093,949
Time deposits                                            43,348,215      40,609,938
                                                       ------------    ------------
Total deposits                                           57,384,252      55,347,064
Borrowings                                                1,000,000       3,000,000
Advance payments by borrowers for taxes,
  insurance and ground rents                                897,914       1,315,538
Accrued interest payable on savings deposits                 13,454          17,267
Accrued interest on borrowings                                4,779          14,786
Federal and state income taxes payable                           --           8,748
Accrued expenses and other liabilities                      579,942         528,975
                                                       ------------    ------------
Total liabilities                                        59,880,341      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                                4,129,343       4,053,677
Contra equity - Employee Stock Ownership Plan (ESOP)       (539,770)       (539,770)
Retained earnings, substantially restricted               6,636,785       6,327,076
Treasury Stock; 189,223 shares, at cost at
  March 31, 2001 and 112,987 at cost at
  June 30, 2000                                          (1,748,939)     (1,243,864)
                                                       ------------    ------------

Total stockholders' equity                                8,487,536       8,607,236
                                                       ------------    ------------

Total liabilities and stockholders' equity             $ 68,367,877    $ 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 Nine Months      For the Three Months
                                                 Ended March 31,            Ended March  31,
                                               2001         2000          2001         2000
                                               ----         ----          ----         ----
<S>                                         <C>          <C>          <C>          <C>
Interest and fees on loans receivable       $3,691,787   $3,320,078   $1,236,193   $1,152,505
Interest on mortgage-backed securities           9,538        9,467        3,042        2,943
Interest on other investments                  138,891      203,101       33,079       47,459
                                            ----------   ----------   ----------   ----------
  Total interest income                     $3,840,216   $3,532,646   $1,272,314   $1,202,907
                                            ----------   ----------   ----------   ----------

Interest on savings deposits                $2,144,058   $1,903,452   $  721,659   $  626,304
Interest on borrowed money                     106,733       21,437       18,323       18,353
Interest on escrow deposits                      1,554        2,073          556          930
                                            ----------   ----------   ----------   ----------
  Total interest expense                    $2,252,345   $1,926,962   $  740,538   $  645,587

 Net interest income before provision
   for loan losses                           1,587,871    1,605,684      531,776      557,320
Provision for loan losses                           --        2,400           --        2,400
                                            ----------   ----------   ----------   ----------

  Net interest income                       $1,587,871   $1,603,284   $  531,776   $  554,920
                                            ----------   ----------   ----------   ----------
Other Income
  Loan fees and service charges             $   78,572   $   66,693   $   31,444   $   21,504
  Other                                          8,879        9,337        2,441        2,887
                                            ----------   ----------   ----------   ----------
    Total other income                      $   87,451   $   76,030   $   33,885   $   24,391
                                            ----------   ----------   ----------   ----------

Noninterest Expenses
  Salaries and employee benefits            $  690,285   $  655,674   $  247,184   $  220,636
  Occupancy costs                               84,994       69,688       30,300       23,763
  Professional services                         47,730       67,025       13,922       17,658
  Federal deposit insurance premiums             8,440       20,119        2,741        2,994
  Furniture and fixtures depreciation and
    maintenance                                 34,128       39,749       11,159       13,396
  Data processing                               62,510       62,141       21,594       18,913
  Advertising                                   47,557       53,018       10,051       22,569
  Franchise and other taxes                     42,741       37,428       20,721       16,195
  Other                                        153,628      152,297       48,058       55,526
                                            ----------   ----------   ----------   ----------
    Total noninterest expenses              $1,172,013   $1,157,139   $  405,730   $  391,650

Income before tax provision                    503,309      522,175      159,931      187,661

Provision for income taxes                     193,600      204,021       61,000       73,000
                                            ----------   ----------   ----------   ----------

    Net Income                              $  309,709   $  318,154   $   98,931   $  114,661
                                            ----------   ----------   ----------   ----------

    Basic net income per share                   $0.42        $0.41        $0.14        $0.15
    Diluted net income per share                 $0.41        $0.39        $0.13        $0.15

</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,
                                                                               2001            2000
                                                                               ----            ----
<S>                                                                      <C>             <C>
Cash Flows from operating activities
------------------------------------
  Net income                                                             $    309,709    $    318,154
  Adjustments to reconcile net income to net
    Cash provided by operating activities:
         Depreciation and amortization                                         30,988          38,637
         Non-cash compensation under stock based benefit plan                  75,667          75,667
         Provision for loan losses                                                 --           2,400
         Amortization of loan fees                                            (37,691)        (54,017)
         (Increase) decease in accrued interest receivable                      2,291         (18,465)
         (Increase) decrease in prepaid expenses and other assets              (4,058)         26,987
         Increase (decrease) in accrued expenses and other liabilities         50,967         (22,071)
         Increase in federal and state income taxes receivable                (14,713)        (15,332)
         Increase (decrease) in federal and state income taxes payable         (8,748)          2,273
         Decrease in accrued interest payable on  savings deposits             (3,813)         (1,738)
         Increase (decrease) in accrued interest payable on borrowings        (10,007)          3,102
                                                                         ------------    ------------
Net cash provided by operating activities                                     390,592         355,597

Cash flows from investing activities
------------------------------------
  Net increase in loans receivable                                            (71,412)     (5,062,791)
  Purchase of loan participations                                            (330,459)     (1,000,000)
  Mortgage-backed securities principal repayments                              19,191          34,296
  Purchase of FHLB of Atlanta stock                                           (20,400)             --
  Purchases of property and equipment                                          (5,449)         (6,017)
                                                                         ------------    ------------
 Net cash used in investing activities                                       (408,529)     (6,034,512)

Cash flows from financing activities
------------------------------------
  Net increase (decrease) in savings deposits                               2,037,188      (3,480,886)
  Net increase (decrease) in checks outstanding in excess of
   bank balance                                                                    --          33,352
  Decrease in borrowings                                                   (2,000,000)       (650,000)
  Decrease in advance payments by borrowers
    for taxes, insurance and ground rents                                    (417,624)       (278,954)
  Repurchase of common stock                                                 (505,075)             --
                                                                         ------------    ------------

Net cash used in financing activities                                        (885,511)     (4,376,488)

Net decrease in cash and cash equivalents                                $   (903,448)   $(10,055,403)
Cash and cash equivalents at beginning of period                            2,085,906      12,100,730
                                                                         ------------    ------------
Cash and cash equivalents at end of period                               $  1,182,458    $  2,045,327
                                                                         ------------    ------------
Supplemental information
------------------------
  Interest paid on savings deposits and borrowed funds                   $  2,252,344    $  1,926,962

  Income taxes paid                                                      $    217,060    $    222,376
</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,  2001  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 nine months ended March 31, 2001 and 2000
as follows:

                                      Three Months Ended     Nine Months Ended
                                           March 31,             March  31,
                                        2001       2000       2001       2000
                                     -------------------   ---------------------

Net income                            $ 98,931   $114,661   $309,709   $318,154
Weighted average shares
  Outstanding basic EPS                710,598    761,519    729,692    776,103
Dilutive items
  Stock options                         32,417     22,259     28,777     30,012
  Unvested stock awards                    158         --         --      1,359
Adjusted weighted average shares
   Outstanding used for diluted EPS    743,173    783,778    758,469    807,474


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,  2001
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)             $8,134,754     20.2%    $3,228,959     8.0%      $4,036,199     10.0%
Tier I capital (to
 Risk Weighted
 Assets)              7,849,754     19.4%     1,614,480     4.0%       2,421,719      6.0%
Tier 1 Capital (to
 Average Assets)      7,849,754     11.5%     2,734,821     4.0%       3,418,527      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 MARCH 31, 2001 AND JUNE 30, 2000

The Company's  assets  decreased  $400,000 or 0.6% to $68.4 million at March 31,
2001 from $68.8 million at June 30, 2000.  Cash and cash  equivalents  decreased
$900,000 or 42.9% to $1.2  million at March 31,  2001 from $2.1  million at June
30, 2000,  primarily as a result of a decrease in  borrowings  and a decrease in
advance payments to borrowers for taxes,  insurance and ground rents,  offset by
an  increase  in  savings  deposits  and an  increase  in net loans  receivable.
Advances  from the Federal Home Loan Bank of Atlanta  decreased  $2.0 million or
66.7% to $1.0 million at March 31, 2001 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
$400,000 or 30.8% to  $900,000  at March 31, 2001 from $1.3  million at June 30,
2000 as a result of the payment of escrowed real estate taxes.  Savings deposits
increased  $2.1  million or 3.8% to $57.4  million at March 31,  2001 from $55.3
million at June 30, 2000 as the Company  attracted more funds in certificates of
deposit.  Net loans  receivable  increased  $500,000 or 0.8% to $65.7 million at
March 31, 2001 from $65.2 million at June 30, 2000, primarily due to an increase
in the commercial non-real estate portfolio.

COMPARISON OF OPERATING  RESULTS FOR THE QUARTER AND NINE MONTHS ENDED MARCH 31,
2001 AND MARCH 31, 2000

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

The Company  reported net income of $99,000 for the quarter ended March 31, 2001
compared to $115,000 for the quarter ended March 31, 2000. The $16,000  decrease
in net income was  primarily  due to a $25,000  decrease in net interest  income
before  provision  for loan losses and an increase  in  noninterest  expenses of
$14,000, offset by an increase in noninterest income of $9,000 and a decrease in
provision for income taxes of $12,000.

The  Company's  net income for the nine months ended March 31, 2001 was $310,000
compared  to  $318,000  for the nine months  ended  March 31,  2000.  The $8,000
decrease in net income was primarily due to an $18,000  decrease in net interest
income before provision for loan losses and an increase in noninterest  expenses
of  $15,000,  offset by an  increase  in  noninterest  income of  $11,000  and a
decrease in provision for income taxes of $11,000.

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

Total interest income increased by $69,000 or 5.7% to $1,272,000 for the quarter
ended March 31, 2001 from  $1,203,000  for the quarter ended March 31, 2000. The
increase in total interest  income for the  comparable  three months periods was
due  primarily  to an  increase  of  $2.2  million  in the  average  balance  of
interest-earning  assets to $67.9 million from $65.7 million, and an increase of
17 basis points in the average  yield on  interest-earning  assets to 7.49% from
7.32%.

                                        8
<PAGE>

Total interest  income  increased by $307,000 or 8.7% to $3,840,000 for the nine
months ended March 31, 2001 from  $3,533,000 for the nine months ended March 31,
2000.  The  increase in total  interest  income for the  comparable  nine months
periods was due primarily to an increase of $2.6 million in the average  balance
of interest-earning  assets to $67.9 million from $65.3 million, and an increase
of 33 basis points in the average yield on interest-earning assets to 7.54% from
7.21%.

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 $95,000 or 14.7% to $741,000 for the quarter
ended March 31, 2001 from  $646,000 for the quarter  ended March 31,  2000.  The
increase in total interest  expense for the comparable  three months periods was
due  primarily  to an  increase  of  $1.9  million  in the  average  balance  of
interest-bearing liabilities to $58.6 million from $56.7 million and an increase
of 50 basis points in the average yield on interest-bearing liabilities to 5.05%
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 $2.3 million for the
three months comparable periods,  partially offset by a decrease of $0.4 million
in average borrowings for the three months comparable periods.

Total interest expense increased by $325,000 or 16.9% to $2,252,000 for the nine
months ended March 31, 2001 from  $1,927,000 for the nine months ended March 31,
2000.  The increase in total  interest  expense for the  comparable  nine months
periods was due primarily to an increase of $2.5 million in the average  balance
of  interest-bearing  liabilities  to $58.8  million  from $56.3  million and an
increase of 55 basis points in the average yield on interest-bearing liabilities
to 5.10% 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 $1.1 million for the
nine  months  comparable  periods  and an  increase  of $1.4  million in average
borrowings for the nine months comparable periods.

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

The Company's net interest  income  decreased by $25,000 or 4.5% to $532,000 for
the quarter  ended March 31, 2001 from  $557,000 for the quarter ended March 31,
2000. The decrease in net interest income was primarily due to an increase of 50
basis  points  in  the  average  cost  of  interest  bearing  liabilities  and a
corresponding  net decrease of 33 basis points in the interest rate spread.  The
Company's  net yield on  interest-earning  assets  decreased  27 basis points to
3.13% from 3.40%.

                                        9

<PAGE>

The Company's net interest income decreased by $18,000 or 1.1% to $1,588,000 for
the nine months ended March 31, 2001 from  $1,606,000  for the nine months ended
March 31,  2000.  The decrease in net interest  income was  primarily  due to an
increase of 55 basis points in the average cost of interest bearing liabilities,
partially  offset by an  increase  of 33 basis  points in the  average  yield on
interest  earning assets,  resulting in a net decrease of 22 basis points in the
interest rate spread.  Also,  the ratio of average  interest  earning  assets to
average  interest-bearing  liabilities  decreased  to 115.5%  from  116.0%.  The
Company's net yield on  interest-earning  assets decreased by 16 basis points to
3.12% from 3.28%.

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 nine months ended March 31, 2001,  the Company  recorded no provision
for loan losses.  Its  allowance  for loan losses at March 31, 2001  remained at
$285,000,  or 0.4% of loans receivable.  During the three months and nine months
ended  March 31,  2000,  the  Company  recorded a  provision  for loan losses of
$2,400.  The Company's  nonperforming  loans as a percentage of loans receivable
was 0.04% and 0.42% at March 31,  2001,  and June 30,  2000,  respectively,  all
consisting of single-family residential mortgage loans.

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

Total  noninterest  income  increased  by $10,000  or 41.7% to  $34,000  for the
quarter  ended March 31, 2001 from $24,000 for the quarter ended March 31, 2000.
The increase in  noninterest  income was due primarily to an increase of $12,000
in checking account service fees.

Total  noninterest  income increased by $11,000 or 14.5% to $87,000 for the nine
months  ended  March 31, 2001 from  $76,000 for the nine months  ended March 31,
2000.  The increase in  noninterest  income was due  primarily to an increase of
$14,000 in checking account service fees.

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

Total  noninterest  expenses  increased  by $14,000 or 3.6% to $406,000  for the
quarter ended March 31, 2001 from $392,000 for the quarter ended March 31, 2000.
The  increase  in  noninterest  expenses  was  primarily  due to an  increase in
salaries  and  employee  benefits  of  $26,000 or 11.8%,  partially  offset by a
decrease in advertising  expenses of $13,000 or 56.6%.  The increase in salaries
and  employee  benefits  was due to an  increase  in staff and the  decrease  in
advertising  expenses  was due  primarily  to the  expiration  of the  Company's
billboard advertising campaign.

                                       10
<PAGE>

Total  noninterest  expenses  increased by $15,000 or 1.3% to $1,172,000 for the
nine months ended March 31, 2001 from $1,157,000 for the nine months ended March
31, 2000. The increase in noninterest  expenses was primarily due to an increase
in salaries  and employee  benefits of $34,000 or 5.2%,  offset by a decrease in
professional services of $19,000 or 28.4%. The increase in salaries and employee
benefits  was due to an  increase  in staff  and the  decrease  in  professional
services was due to a decrease in audit and legal fees.

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 March
31, 2001, the Company's cash on hand,  interest bearing deposits,  Federal funds
sold and short-term  investments totaled $1.2 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 $3.1 million as of March 31, 2001.

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, 2001  totaled
$27.2  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 use of cash in investing activities during the nine months
ended March 31, 2001 was the  purchase of $300,000 in loan  participations.  The
decline in the use of cash for loans  receivable  during the nine  months  ended
March 31, 2001  reflects a decrease  in loan  demand  from the prior  nine-month
period.

The  Company's  primary  uses of cash in  financing  activities  during the nine
months  ended  March  31,  2001  consisted  of a pay  down  of $2.0  million  in
borrowings,  a net  decrease of $400,000 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 $2.0 million in savings

                                       11
<PAGE>

deposits.  The increase in savings deposits is a result of the Company's efforts
to attract  shorter term  certificates of deposit for the purpose of paying down
higher costing borrowed funds.

                                       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

ITEM 5.  OTHER INFORMATION
         None

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

         (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:  April 30, 2001               /s/ Ernest A. Moretti
                                    ------------------------------------
                                    Ernest A. Moretti
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)


Date:  April 30, 2001               /s/ Ronald W. Robinson
                                    -------------------------------------
                                    Ronald W. Robinson
                                    Treasurer
                                    (Principal Financial and Accounting Officer)

                                       14