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, 1999

_________   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 February  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
          December 31, 1999 and June 30, 1999............................      2

          Consolidated Statements of Operations for the Three Month and Six
          Month Period ended December 31, 1999 and 1998..................      3

          Consolidated Statements of Cash Flows for the Six Month
          Periods Ended December 31, 1999 and 1998.......................      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>
                                                       December 31,       June 30,
                                                           1999             1999
                                                       ------------       --------
                                                       (Unaudited)

         Assets
         ------
<S>                                                    <C>             <C>
Cash and noninterest bearing deposits                  $    729,688    $    346,756
Interest bearing deposits in other banks                    500,089       7,068,548
Federal funds sold                                        1,322,845       4,685,426
                                                       ------------    ------------
Total cash and cash equivalents                           2,552,622      12,100,730
Loans receivable, net                                    60,984,250      56,839,675
Mortgage-backed securities held to maturity
  at amortized cost, fair value of $193,606 (12/99)
  and $217,971 (6/99)                                       192,670         216,663
Federal Home Loan Bank of Atlanta stock, at cost            508,500         508,500
Accrued interest receivable                                 284,290         292,175
Ground rents owned, at cost                                 122,600         122,600
Property and equipment, net                                 133,868         155,281
Federal and state income taxes receivable                        --          13,688
Deferred tax asset                                          218,040         189,020
Prepaid expenses and other assets                            58,106          92,056
                                                       ------------    ------------
Total Assets                                           $ 65,054,946    $ 70,530,388
                                                       ------------    ------------

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

Liabilities:
Demand deposits                                        $  5,603,292    $  5,803,776
Money market and NOW accounts                            11,759,017      12,169,347
Time deposits                                            38,173,606      40,035,036
                                                       ------------    ------------
Total deposits                                           55,535,915      58,008,159
Borrowings                                                       --       2,650,000
Advance payments by borrowers for taxes,
  insurance and ground rents                                666,807       1,278,634
Accrued interest payable on savings deposits                 19,710          20,148
Accrued interest on borrowings                                   --           5,038
Federal and state income taxes payable                           --             727
Accrued expenses and other liabilities                      599,714         538,375
                                                       ------------    ------------
Total liabilities                                        56,822,146      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                                3,959,985       3,959,985
Contra equity - Employee Stock Ownership Plan (ESOP)       (632,420)       (632,420)
Retained earnings, substantially restricted               6,094,882       5,891,389
Treasury Stock; 105,787 shares, at cost at
  December 31, 1999                                      (1,199,764)     (1,199,764)
                                                       ------------    ------------
Total stockholders' equity                                8,232,800       8,029,307
                                                       ------------    ------------

Total liabilities and stockholders' equity             $ 65,054,946    $ 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 Six Months      For the Three Months
                                               Ended December 31,       Ended December 31,
                                              1999             1998      1999         1998
                                              ----             ----      ----         ----

<S>                                         <C>          <C>          <C>          <C>
Interest and fees on loans receivable       $2,167,573   $2,358,417   $1,103,859   $1,167,756
Interest on mortgage-backed securities           6,524        9,156        3,104        4,487
Interest on other investments                  155,642      238,787       52,398      121,662
                                            ----------   ----------   ----------   ----------
  Total interest income                     $2,329,739   $2,606,360   $1,159,361   $1,293,905
                                            ----------   ----------   ----------   ----------

Interest on savings deposits                $1,277,148   $1,354,215   $  623,340   $  681,859
Interest on borrowed money                       3,084           --           --           --
Interest on escrow deposits                      1,143        1,374          308          550
                                            ----------   ----------   ----------   ----------
  Total interest expense                    $1,281,375   $1,355,589   $  623,648   $  682,409

Net interest income before provision
   for loan losses                           1,048,364    1,250,771      535,713      611,496
Provision for loan losses                           --        2,550           --          550
                                            ----------   ----------   ----------   ----------
  Net interest income                       $1,048,364   $1,248,221   $  535,713   $  610,946
                                            ----------   ----------   ----------   ----------

Other Income
------------
  Loan fees and service charges             $   45,189   $   33,482   $   26,465   $   17,219
  Gain on sales of loans receivable                 --       38,020           --       31,673
  Other                                          6,450       15,936        2,174        5,061
                                            ----------   ----------   ----------   ----------
    Total other income                      $   51,639   $   87,438   $   28,639   $   53,953
                                            ----------   ----------   ----------   ----------

Noninterest Expenses
--------------------
  Salaries and employee benefits            $  435,038   $  388,696   $  205,440   $  202,816
  Occupancy costs                               45,925       47,926       21,615       23,574
  Professional services                         49,367       35,615       27 297       24,736
  Federal deposit insurance premiums            17,125       16,328        8,691        7,987
  Furniture and fixtures depreciation and
    maintenance                                 26,353       25,113       13,218       12,749
  Data processing                               43,228       36,909       22,927       15,577
  Advertising                                   30,449       22,799       20,666       13,951
  Franchise and other taxes                     21,233       22,981        9,962       11,802
  Other                                         96,771      107,434       50,238       58,140
                                            ----------   ----------   ----------   ----------
    Total noninterest expenses              $  765,489   $  703,801   $  380,054   $  371,332

Income before tax provision                    334,514      631,858      184,298      293,567

Provision for income taxes                     131,021      247,720       71,000      116,700
                                            ----------   ----------   ----------   ----------

    Net Income                              $  203,493   $  384,138   $  113,298   $  176,867
                                            ----------   ----------   ----------   ----------
    Basic net income per share              $     0.26   $     0.42   $     0.15   $     0.20
    Diluted net income per share            $     0.25   $     0.42   $     0.14   $     0.20

</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,
                                                                 -----------------------------
                                                                       1999            1998
                                                                       ----            ----
Cash Flows from operating activities
------------------------------------
<S>                                                              <C>             <C>
  Net income                                                     $    203,493    $    384,138
  Adjustments to reconcile net income to net
    Cash provided by operating activities:
         Depreciation and amortization                                 25,684          27,256
         Provision for loan losses                                         --           2,550
         Amortization of loan fees                                    (29,700)        (48,330)
         Gain on sales of loans receivable                                 --         (38,020)
         Loans originated for sale                                         --      (3,192,400)
         Proceeds from loans originated for sale                           --       3,230,420
         Decrease in accrued interest receivable                        7,885          48,963
         Decrease in prepaid expenses  and other assets                33,950          21,833
         Increase in accrued expenses and other liabilities            61,339          59,616
         Increase in deferred tax asset                               (29,020)             --
         Decrease in federal and state income taxes receivable         13,688             130
         Decrease in federal and state income taxes payable              (727)       (270,621)
         Increase (decrease)in accrued interest payable on
           savings deposits                                              (438)          2,826
         Decrease in accrued interest payable on borrowings            (5,038)             --
                                                                 ------------    ------------
Net cash provided by operating activities                             281,116         228,361

Cash flows from investing activities
------------------------------------
  Proceeds from sale of ground rents                                       --           3,620
  Net (increase) decrease in loans receivable                      (3,614,875)      1,696,711
  Purchase of loan participations                                    (500,000)        (97,851)
  Mortgage-backed securities principal repayments                      23,993          34,311
  Purchases of property and equipment                                  (4,271)         (5,129)
                                                                 ------------    ------------
 Net cash used in investing activities                             (4,095,153)      1,631,662

Cash flows from financing activities
------------------------------------
  Net increase (decrease) in savings deposits                      (2,472,244)      3,595,474
  Net decrease in checks outstanding in excess of bank balance             --        (143,430)
  Decrease in borrowings                                           (2,650,000)             --
  Decrease in advance payments by borrowers
    for taxes, insurance and ground rents                            (611,827)       (653,355)
  Cash used for repurchase of common stock                                 --        (571,365)
                                                                 ------------    ------------
Net cash provided by (used in) financing activities                (5,734,071)      2,227,324

Net increase (decrease) in cash and cash equivalents             $ (9,548,108)   $  4,087,347
Cash and cash equivalents at beginning of period                   12,100,730       6,848,123
                                                                 ------------    ------------

Cash and cash equivalents at end of period                       $  2,552,622    $ 10,935,470
                                                                 ------------    ------------
Supplemental information
------------------------
  Interest paid on savings deposits and borrowed funds           $  1,281,375    $  1,358,934

  Income taxes paid                                              $    152,576    $    518,570
</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, 1999 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 six months ended  December 31, 1999 and
1998 as follows:

                                    Three Months Ended     Six Months Ended
                                        December 31,         December  31,
                                       1999     1998        1999      1998
                                    ----------------     ------------------

Net income                           $113,299  $176,867  $203,493  $384,138
Weighted average shares
  Outstanding basic EPS               768,692   907,624   783,316   923,970
Dilutive items
  Stock options                        32,417        --    32,614        --
  Unvested stock awards                 2,309        --     2,359        --
Adjusted weighted average shares
  Outstanding used for diluted EPS    803,418   907,624   818,289   923,970

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, 1999
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)                $  7,331,059       19.6%        $2,996,679   8.0%       $3,745,849     10.0%
Tier I capital (to
 Risk Weighted
 Assets)                   7,048,459       18.8%         1,498,340   4.0%        2,247,509      6.0%
Tier 1 Capital (to
 Average Assets)           7,048,459       10.8%         2,602,463   4.0%        3,253,079      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.

IMPACT OF THE YEAR 2000

The Company had conducted a comprehensive review of its environment and computer
systems to identify any potential  risk  associated  with the Year 2000, and had
developed an implementation plan to address the issues.

Certain  hardware and equipment  that was not Year 2000  compliant was replaced
and the related  capital  expenditures  totaling  approximately  $12,000.00 were
included in the 1999 fiscal year results. The Company did not incur any material
expenses  related to the Year 2000 problem  during the six months ended December
31, 1999. The Company did not experience any operational difficulties related to
the onset of the Year 2000.

                                        8
<PAGE>

COMPARISON OF FINANCIAL CONDITION AT DECEMBER 31, 1999 AND JUNE 30, 1999

The Company's assets decreased $5.4 million or 7.7% to $65.1 million at December
31,  1999  from  $70.5  million  at June 30,  1999.  Cash  and cash  equivalents
decreased  $9.5 million or 78.5% to $2.6 million at December 31, 1999 from $12.1
million at June 30, 1999, primarily as a result of the funding of an increase in
net loans  receivables,  the  payoff of  borrowings  and a  decrease  in savings
deposits.  Net loans receivable  increased $4.2 million or 7.4% to $61.0 million
at December  31, 1999 from $56.8  million at June 30, 1999,  as the  Association
originated  adjustable  rate and commercial  loans for its own portfolio  rather
than for sale. The $4.2 million  increase in net loans  receivable was primarily
the result of an increase of $2.8 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 $2.5
million or 4.3% to $55.5 million at December 31, 1999 from $58.0 million at June
30, 1999. The Company's  stockholders' equity increased $200,000 or 2.5% to $8.2
million at December 31, 1999 from $8.0 million at June 30, 1999,  as a result of
net income of $203,000 for the six months ended December 31, 1999.

COMPARISON  OF OPERATING  RESULTS FOR THE QUARTER AND SIX MONTHS ENDED  DECEMBER
31, 1999 AND DECEMBER 31, 1998

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

The Company  reported net income of $113,000 for the quarter ended  December 31,
1999 compared to $177,000 for the quarter ended  December 31, 1998.  The $64,000
decline in net income was primarily due to a decrease in net interest  income of
$75,000,  and a  decrease  in other  income of  $25,000,  partially  offset by a
decrease in income tax expense of $46,000.

The Company's net income for the six months ended December 31, 1999 was $203,000
compared to $384,000  for the six months ended  December 31, 1998.  The $181,000
decrease in net income was primarily due to a decrease in net interest income of
$203,000,  a decrease in other income of $35,000 and an increase in  noninterest
expense of  $61,000,  partially  offset by a decrease  in income tax  expense of
$117,000.

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

Total  interest  income  decreased  by $135,000 or 10.4% to  $1,159,000  for the
quarter ended  December 31, 1999 from  $1,294,000 for the quarter ended December
31, 1998. The decrease in total interest income for the comparable  three months
periods was due  primarily to a decrease of $8.1 million in the average  balance
of interest-earning assets to $63.5 million from $71.6 million.

Total interest  income  decreased by $276,000 or 10.6% to $2,330,000 for the six
months ended December 31, 1999 from $2,606,000 for the six months ended December
31, 1998.

                                        9
<PAGE>

The decrease in total interest  income for the comparable six months periods was
due to a decrease  of $6.6  million in the average  balance of  interest-earning
assets to $64.3  million from $70.9 million and a decrease of 10 basis points in
the average yield on interest-earning assets from 7.35% to 7.25%.

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 $58,000 or 8.5% to $624,000 for the quarter
ended  December 31, 1999 from $682,000 for the quarter ended  December 31, 1998.
The decrease in total interest  expense for the comparable  three months periods
was  due  to  a  decrease  of  28  basis   points  in  the   average   yield  on
interest-bearing  liabilities to 4.49% from 4.77%, as well as a decrease of $1.7
million in the average balance of interest-bearing  liabilities to $55.5 million
from $57.2 million.

Total  interest  expense  decreased by $75,000 or 5.5% to $1,281,000 for the six
months ended December 31, 1999 from $1,356,000 for the six months ended December
31, 1998. The decrease in total  interest  expense for the comparable six months
periods  was due to a  decrease  of 25  basis  points  in the  average  yield on
interest  bearing  liabilities to 4.55% from 4.80%  accompanied by a decrease of
$300,000 in the average balance of interest bearing liabilities to $56.2 million
from $56.5 million.

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

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

The Company's net interest income  decreased by $75,000 or 12.3% to $536,000 for
the quarter ended December 31, 1999 from $611,000 for the quarter ended December
31, 1998. 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 114.3% from 125.2%,  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  decreased  5 basis  points to 3.37% from
3.42%.

The Company's net interest  income  decreased by $203,000 or 16.2% to $1,048,000
for the six months ended  December 31, 1999 from  $1,251,000  for the six months
ended December 31, 1998.  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 125.6%.  The Company's net yield on
interest-earning assets decreased by 25 basis points to 3.27% from 3.52%.

                                       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 six months
ended  December 31,  1999,  the Company  recorded no  provision  for loan losses
compared to $2,550 for the six months  ended  December  31,1998.  The  Company's
nonperforming  loans as a percentage of loans  receivable was 0.19% and 0.00% at
December  31,  1999,  and  June  30,  1999,  respectively,   all  consisting  of
single-family residential mortgage loans.

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

Total  noninterest  income  decreased  by $25,000  or 46.3% to  $29,000  for the
quarter ended  December 31, 1999 from $54,000 for the quarter ended December 31,
1998.  The  decrease in  noninterest  income was due  primarily to a decrease of
$32,000  in gain on  sales  of  loans  receivable  to $0 for the  quarter  ended
December 31, 1999 from $32,000 for the quarter ended December 31, 1998.

Total  noninterest  income  decreased by $35,000 or 40.2% to $52,000 for the six
months ended  December  31, 1999 from $87,000 for the six months ended  December
31, 1998. The decrease in noninterest  income was due primarily to a decrease of
$38,000  in gain on sales of loans  receivable  to $0 for the six  months  ended
December 31, 1999 from $38,000 for the six months ended December 31, 1998.

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

Total  noninterest  expenses  increased  by $9,000 or 2.4% to  $380,000  for the
quarter ended  December 31, 1999 from  $371,000 for the quarter  ended  December
31,1998.  The increase in noninterest  expenses was primarily due to an increase
in data  processing  expense of $7,000 or 43.8% to $23,000 for the quarter ended
December  31,1999 from  $16,000 for the quarter  ended  December  31, 1998.  The
increase in data processing  costs was due to system  enhancements  initiated by
the Company's third party processor.

Total noninterest  expenses increased by $61,000 or 8.7% to $765,000 for the six
months ended  December 31, 1999 from $704,000 for the six months ended  December
31, 1998. The increase in noninterest  expenses was primarily due to an increase
in salaries  and employee  benefits  expense of $46,000 or 11.8% to $435,000 for
the six months  ended  December  1999 from  $389,000  for the six  months  ended
December 31, 1998. Also,  professional  services  increased  $13,000 or 36.1% to
$49,000 for the six months  ended  December  31,  1999 from  $36,000 for the six
months ended December 31, 1998.  The increase in salaries and employee  benefits
expense was primarily due to expenses  related to the Company's  Recognition and
Retention Plan (RRP). The increase in professional services was due to increased
legal and auditing fees.

                                       11
<PAGE>

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  December  31,  1999,  the
Company's  cash on hand,  interest  bearing  deposits,  Federal  funds  sold and
short-term  investments  totaled  $2.6  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 $4.2 million as of December 31, 1999.

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, 1999 totaled
$23.9  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 six months
ended December 31, 1999 were a net increase of $3.6 million in loans receivable,
in addition to the purchase of loan participations of $500,000.

The Company's primary uses of cash in financing activities during the six months
ended  December  31,  1999  consisted  of a net  decrease  of  $2.7  million  in
borrowings,  a net decrease of $2.5 million in savings deposits,  and a decrease
of $600,000 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

         (a)  On October 20, 1999, 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
                        ------                          ---          --------

                        G. Scott Barhight              864,398            50
                        Ernest A. Moretti              862,998         1,450
                        John K. White                  863,398         1,050

         As  a  result, G. Scott  Barhight,  Ernest A. Moretti and John K. White
         were  elected  directors  for  terms  to expire in 2002.  There were no
         abstentions or broker non votes.

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



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

                                       14