UNITED STATES  
SECURITY AND EXCHANGE COMMISSION  
Washington, D.C.  20549  
  
FORM 10-QSB  
  
{X} QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE   
SECURITIES EXCHANGE ACT OF 1934  
  
For the quarterly period ended December 31, 1996	  
or  
  
{ } 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: 0-24896  
  
Home Building Bancorp, Inc.			  
(Exact name of registrant as specified in its charter)  
  
Indiana						  
(State or other jurisdiction of incorporation or organization)  
  
35-1935840	  
(I.R.S. Employer identification No.)  
  
200 East VanTrees Street, Washington, Indiana	  47501	   
(Address of principal executive offices)	(Zip Code)  
  
(812) 254-2641			  
(Registrant's telephone number, including area code)  
  
	N/A	  
(Former name, former address and former fiscal year, if changed since last 
report)  
  
Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or shorter period that the registrant
was required to file reports), and (2) has been subject to such filing for
the past 90 days.     
{X}Yes      {  } No  
  
As of February 13, 1997 there were 331,660 shares of the Registrant's common   
stock issued and outstanding.  Indicate the number of shares outstanding of 
each of the issuer's classes of common stock as of the latest practicable date.
                      Common Stock	              331,660  
                     	Class	                    Outstanding  
<PAGE>  
  
HOME BUILDING BANCORP, INC.  
  
INDEX  
  
  
Part I. Financial Information	Page  
  
	Item 1. Financial Statements  
  
	Consolidated Statements of Financial Condition 
 at December 31, 1996 	and September 30, 1996                         1
  
	Consolidated Statements of Income for the quarters ended  
	December 31, 1996 and 1995	                                         	2  
  
	Consolidated Statements of Shareholders' Equity for the 	  
	quarters ended December 31, 1996 and 1995                          		3  
  
	Consolidated Statements of Cash Flows for the quarters ended	  
	December 31, 1996 and 1995	                                         	4  
  
	Notes to Consolidated Financial Statements                         		6  
  
	Item 2.  Management's Discussion and Analysis of Financial Condition 8  
	         and results of Operations  
  
Part II. Other Information		                                         12  
  
        	Signatures			                                               13  
  
	        Index of Exhibits                                         		14  
  
   
  
  
  
<PAGE> 
<TABLE> 
Home Building Bancorp, Inc.  
Washington, Indiana  
Consolidated Statements of Financial Condition  
<CAPTION> 
	                                                              (Unaudited)	  
	                                                         Dec. 31,      Sept. 30,  
	                                                          1996            1996  	  
ASSETS  
<S>                                                      <C>           <C> 
Cash and due from banks                                   $1,987,822    $1,428,754   
Interest-bearing deposits with banks                       4,674,595     3,793,704   
Securities available for sale                              7,907,598     7,532,540   
Securities held to maturity, fair market value of   
  $446,000 at Dec. 31, and $473,000 at Sept. 30              440,483       473,104   
Loans receivable, net of allowance for loan losses of  
     $78,500 at Dec. 31, and $77,000 at Sept. 30          28,365,532    28,108,279   
Accrued interest receivable                                  202,087       174,519   
Premises and equipment                                       777,644       787,008   
Other assets                                                 208,001       262,792   
  
      Total assets                                       $44,563,762   $42,560,700   
</TABLE>
<TABLE>
<CAPTION> 
LIABILITIES AND SHAREHOLDERS' EQUITY  
<S>                                                     <C>           <C> 
Liabilities:  
Savings and NOW deposits                                 $11,127,866   $11,571,843   
Other time deposits                                       23,627,450    21,055,789   
    Total deposits                                        34,755,316    32,627,632   
  
Advances from Federal Home Loan Bank                       3,699,985     3,699,985   
Securities sold under agreements to repurchase                21,673       273,951   
Accrued expenses and other liabilities                       520,700       460,613   
      Total liabilities                                   38,997,674    37,062,181   
  
Shareholders' equity  
    Common stock, $.01 par value,  
         1 million shares authorized,  
      331,660 issued and outstanding                           3,317         3,317   
    Additional paid in capital                             3,014,935     3,014,935   
     Treasury stock, at cost                                (345,000)     (345,000)  
  
    Retained earnings                                      3,261,216     3,217,134   
  
    Unrealized gain (loss) on available for sale securities  
      net of deferred tax                                     (2,910)      (26,397)  
  
    Unearned ESOP & recognition and retention shares        (365,470)     (365,470)  
  
      Total shareholders' equity                           5,566,088     5,498,519   
  
      Total liabilities and shareholders' equity         $44,563,762   $42,560,700   
 <FN> 
See notes to consolidated financial statements.  
 </TABLE> 
-1-  
<PAGE> 
<TABLE> 
Home Building Bancorp., Inc.  
Washington, Indiana  
Consolidated Statements of Income  
<CAPTION> 
	                                                      Three months ended Dec. 31,  
	                                                           1996         	1995  
	                                                                (Unaudited)                
<S>                                                       <C>            <C>	  
Interest income:  
     Loans receivable                                      $583,622       $612,613   
     Investments                                             33,789         38,024   
     Mortgage-backed  securities                            102,679         71,429   
     Deposits with other banks                               75,266         81,388   
          Total interest income                             795,356        803,454   
  
Interest expense:  
     Deposits                                               395,871        375,911   
     Repurchase agreements                                    3,749          8,531   
     Other borrowed funds                                    52,240         46,630   
          Total interest expense                            451,860        431,072   
  
Net interest income                                         343,496        372,382   
  
Provision for loan losses                                         0              0  
  
      Net interest income after provision for loan losses   343,496        372,382   
  
Noninterest income:  
     Gain (loss) on sale of assets                              499             89   
     Customer service fees                                   26,695         34,046   
          Total other income                                 27,194         34,135   
  
Noninterest expenses:  
          Salaries and employee benefits                    115,318        155,297   
          Occupancy and equipment                            38,684         36,499   
          Deposit insurance premium                          19,389         19,146   
          Computer expense                                   13,862          9,437   
          Service fees                                       12,187         10,806   
          Advertising expense                                13,293         10,795   
          Professional fees                                   5,550         16,705   
          Other expense                                      43,154         23,786   
          Total other expenses                              261,437        282,471   
  
Income before income taxes                                  109,253        124,046   
Income tax expense                                           41,021         41,199   
  
Net Income                                                  $68,232        $82,847   
  
Net income per share of common stock                         $0.24         $0.28   
  
Weighted average shares outstanding                         282,158        298,816   
<FN> 
See notes to consolidated financial statements. 
</TABLE> 
-2-  
<PAGE> 
<TABLE> 
Home Building Bancorp, Inc.  
Washington, Indiana  
Consolidated Statements of Shareholders' Equity  
<CAPTION> 
	                                                        Three months ended Dec. 31,  
	                                                             1996	        1995  
	                                                                 (Unaudited)                  
<S>                                                         <C>            <C> 
Common stock, $.01 par value, 1 million shares authorized,  
    331,660 and 322,000  issued and outstanding at Dec. 31,  
    1996 and 1995, respectively                              $3,317         $3,220   
  
Additional paid in capital                                3,014,935      2,855,642   
  
Treasury stock, at cost                                    (345,000)             0     
  
Retained Earnings:  
     Beginning of the period                              3,217,134      3,451,949   
     Net Income                                              68,232         82,847   
     Dividends declared, $0.075  
        per share                                           (24,150)       (24,150)  
       End of the period                                  3,261,216      3,510,646   
  
Unrealized gain (loss) on securities available for  
  sale net of deferred tax:  
     Beginning of the period                                (26,397)        (3,259)  
     Change in unrealized gain or loss                       23,487         30,744   
       End of the period                                     (2,910)        27,485   
  
Unearned  ESOP & recognition and retention shares          (365,470)      (231,840)  
  
Total Equity                                             $5,566,088     $6,165,153   
  
  
<FN> 
See notes to consolidated financial statements.  
</TABLE> 
-3-  
<PAGE> 
<TABLE> 
Home Building Bancorp, Inc.  
Washington, Indiana  
Consolidated Statements of Cash Flows  
<CAPTION> 
	                                                        Three months ended Dec. 31,  
	                                                             1996        	1995  
	                                                                (Unaudited)                  
<S>                                                        <C>            <C>    
Cash flows from operating activities: 
  Net income                                                $68,232        $82,847   
  Adjustments to reconcile net income to net cash  
     provided by (used by) operating activities:  
          Depreciation and amortization                       9,364          9,069   
          Other gains and losses, net                             0            (89)  
          (Increase) decrease in accrued 
                 interest receivable                        (27,568)         4,596   
          Increase (decrease) in accrued expenses 
                 and other liabilities                       60,088        (37,314)  
          (Increase) decrease in other assets                38,499        (99,274)  
          Total adjustments                                  80,383       (123,012)  
Net cash provided by operating activities                   148,615        (40,165)  
  
Cash flows from investing activities:  
  Net (increase) decrease in interest-bearing 
              deposits with banks                          (880,891)        (2,688)  
  Purchases of available-for-sale securities               (722,485)    (1,576,867)  
  Proceeds from maturities of 
             available-for-sale securities                  387,206        133,172   
  Proceed from maturities of held-to-maturity securities     32,621         66,591   
  Net (increase) decrease in loans                         (257,253)      (183,739)  
  Proceeds from sale of foreclosed collateral                     0             89   
  Net cash used in investing activities                  (1,440,802)    (1,563,442)  
  
Cash flows from financing activities:  
  Net increase (decrease) in savings and 
            NOW deposit accounts                          (443,977)        652,232   
  Net increase (decrease) in time deposits               2,571,661         191,063   
  Net decrease in securities sold under agreements
            to repurchase                                 (252,279)       (628,644)  
  Proceeds from Federal Home Loan Bank advances                  0       1,000,000   
  Dividends paid                                           (24,150)        (24,150)  
  Net cash provided by financing activities              1,851,255       1,190,501   
  
Net increase (decrease) in cash and due from banks         559,068        (413,106)  
Cash and due from banks at beginning of period           1,428,754       3,338,677   
Cash and due from banks at end of period                $1,987,822      $2,925,571   
  
<FN> 
See notes to consolidated financial statements.  
 </TABLE> 
-4-  
<PAGE> 
<TABLE> 
Home Building Bancorp, Inc.  
Washington, Indiana  
Consolidated Statements of Cash Flows  
 <CAPTION> 
                                                      	Three months ended Dec. 31,  
	                                                            1996	         1995  
	                                                                (Unaudited)                  
<S>                                                       <C>            <C> 
Cash paid for:  
     Interest                                              $438,662       $435,666   
  
     Income taxes                                                $0        $45,397   
  
  
Non-cash Investing and Financing Activities:  
  
Aggregate investments at market transferred   
  from held-to-maturity and reclassified as   
  available-for-sale                                             $0     $2,645,719   
  
  
  
   
  
  
  
  
 <FN> 
See notes to consolidated financial statements.  
</TABLE> 
-5-  
<PAGE> 
Home Building Bancorp, Inc.  
Notes to Consolidated Financial Statements  
December 31, 1996 and 1995  
  
  
Note 1:  Basis of Presentation  
  
The unaudited information for the quarters ended December 31, 1996 and   
December 31, 1995, includes the results of operations of Home Building Bancorp, 
Inc. (the "Company") and its wholly owned subsidiary Home Building Savings   
Bank, FSB (the "Bank").  In the opinion of management of the Company the   
financial statements reflect all adjustments (consisting only of normal 
recurring adjustments) necessary to present fairly the consolidated financial 
statements. These interim financial statements should be read in conjunction 
with the Company's most recent annual financial statements and footnotes 
included in the annual report of Home Building Bancorp, Inc. dated September 
30, 1996.  The results of the period presented are not necessarily 
representative of the results of operations and cash flows which may be expected
for the entire year.  
  
Note 2:  Principles of Consolidation  
  
The consolidated financial statements include the accounts of Home Building   
Bancorp, Inc. Home Building Savings Bank, FSB, and the Bank's subsidiary.  All
significant inter-company balances and transactions have been eliminated in   
consolidation.  
  
Note 3:  Stock Conversion  
  
On February 7, 1995, Home Building Bancorp, Inc. began trading as a public   
company on the Nasdaq SmallCap Market.  The Company issued 322,000 shares,   
$.01 par value common stock, for proceeds of $2,858,862 net expenses of   
approximately $361,000.  The Bank converted to a federal stock savings bank   
following the formation of the holding company and received proceeds of   
$1,432,853 in exchange for all its common stock. This transaction was accounted
for using historical cost in a manner similar to that in a pooling of 
interests. 
  
Note 4:  Earnings Per Common Share  
  
Net income of $0.24 per common share for the most recent quarter was computed   
by dividing net income by the weighted average number of shares outstanding   
during the quarter, less Employee Stock Ownership Plan ("ESOP") shares and   
Recognition and Retention Plan ("RRP") shares not committed to be released.    
The weighted average number of shares outstanding for the period was 282,158.  
  
   
    
  
-6-  
<PAGE>  
Home Building Savings Bank, FSB  
Notes to Consolidated Financial Statements  
December 31, 1996 and 1995  
(Concluded)  
  
  
Note 5:  Allowance for Loan Losses and Loan Loss Provision  
  
The allowance for loan losses increased $1,500 to $78,500 for the three month   
period ended December 31, 1996.  This increase was due to a recovery of a loan 
that was previously charged-off by the Company.  No additional provision for 
loan losses was made during the period ended December 31, 1996.  Activity 
in the allowance for loan losses is as follows:  
  
	                  For the three months ended December 31,   
	                           1996     	     1995    	  
	Beginning	            $   77,000	    $   77,039  
  
	Provision	                     - 	            -    
	Charge-offs	                   -  	           -    
	Recoveries	                1,500	             -  	  
  
	Ending	               $   78,500    	$   77,039  
  
  
  
    
  
-7-  
<PAGE>  
Home Building Bancorp, Inc.  
Management's Discussion and Analysis of  
Financial Condition and Results of Operation  
  
General  
  
Home  Building Bancorp, Inc. (the "Company") was formed at the direction of   
Home Building Savings Bank, FSB (the "Bank"), for the purpose of owning all   
the stock outstanding in the Bank.  The Company incorporated under the laws of 
the State of Indiana and is generally authorized to engage in any activity that 
is permitted under Indiana law.  On February 7, 1995, the Company acquired all 
the stock of the Bank in accordance with the approved plan of conversion.  
The Company had not engaged in any material operations at December 31, 1996, 
and had no significant assets other than its equity investment in the Bank's 
stock, cash, investments, and a loan to the Bank's Employee Stock Ownership 
Plan ("ESOP.")  
  
Established in 1908, the Home Building Savings Bank, FSB is a community   
oriented financial institution offering a variety of financial services to meet
the needs of the communities it serves.  The Bank's primary market area covers
Daviess and Pike counties in southwestern Indiana.  The Bank attracts deposits
from the general public and uses such deposits, together with borrowings and   
other funds, to originate one- to four-family residential mortgage, automobile 
and consumer loans, and to a lesser extent commercial, multifamily and 
construction real estate loans.  The Bank also invests in U.S. government and
agency obligations and may invest in other permissible investments.  
  
The Bank's results of operations are primarily dependent upon its net interest
income, which is the difference between interest earned on loans and investments
and interest paid on deposits and other borrowed funds.  Net interest income is 
directly affected by the relative amounts of interest-earning assets and
interest-bearing liabilities and the interest rates earned or paid on such 
amounts.  The Bank's results of operations are also affected by the provision
for loan losses and the level of noninterest income and expenses.  Noninterest
income consists primarily of service charges and net income from the Bank's 
wholly owned service corporation subsidiary.  Noninterest expense includes
salaries and employee benefits, occupancy expenses, federal deposit insurance
premiums, data processing expenses, and other operating expenses.  The operating
results of the Bank are also affected by general economic conditions, the 
monetary and fiscal policies of federal agencies, and the policies of agencies 
that regulate financial institutions.   The Bank's cost of funds is influenced
by interest rates on competing investments and general market rates of
interest.  Lending activities are influences by the demand for real estate
loans and other types of loans, which in turn is affected by the rates of
interest at which loans are offered, general economic conditions   
affecting loan demand, and the availability of funds for lending activities.  
  
Financial Condition    
  
For the three months ended December 31, 1996, total assets increased   
approximately $2.0 million to $44.6 million from $42.6 million at 
September 30, 1996.  Cash and due from banks increased $559,000, while
investment securities, primarily mortgage-backed securities, increased
approximately $375,000.  The Company had $7.9 million of its $8.4 million 
investment portfolio classified as available for sale as of December 31, 1996.  
  
  
  
  
- 8 -  
<PAGE>  
Home Building Bancorp, Inc.  
Management's Discussion and Analysis of  
Financial Condition and Results of Operation  
(continued)  
  
Financial Condition, continued    
  
Liabilities increased by approximately $1.9 million as deposits at December 31, 
1996, which were the primary funding source for the increase in assets, 
increased $2.1 from September 30, 1996.  The Bank's advances from the FHLB
remained unchanged.  The Bank has maintained deposit interest rates which are 
competitive for its marketplace and was successful during the quarter at
retaining and increasing deposits.  
  
Results of Operations:    
Comparison of the three months ended December 31, 1996 and 1995.  
  
General.  The Bank experienced a net profit of $68,000 for the quarter compared 
to net profit of $83,000 for the same period in 1995.  The decrease in profit   
compared to the same quarter a year ago stems primarily from higher interest   
expense associated with increase deposits which was not matched by   
corresponding increases in interest income.  
  
Interest Income.  Total interest income decreased by $8,000, or 1.0%, to   
$795,000 for the three months ended December 31, 1996, compared to the same   
period last year.  Interest income earned by the Bank's loan portfolio
decreased$29,000 for the three months ended December 31, 1996, compared to a 
year ago.  This decrease is the result of a shift in the Bank's assets toward
mortgage-backed securities, cash and liquid investments.  This shift was due to
loan repayments outpacing loan originations during the period.  Interest income
from mortgage-backed securities increased $32,000 for the most recent quarter,
to $103,000, compared to $71,000 the same period a year ago.  Mortgage-backed
securities were  $6.1 million at December 31, 1996 compared to $5.8 million at 
September 30, 1996.  Interest from mortgage loans decreased $14,000 from a year
ago to $446,000 for the most recent quarter, while interest on commercial and 
consumer loans decreased $16,000 to $137,000.  The combined weighted average 
yield on the loan and mortgage-backed security portfolio was 7.96% for the three
months ended December 31, 1996, compared to 7.90% for the same period in 1995.
  
Interest Expense.  Total interest expense increased $21,000, or 4.8%, to   
$452,000 for the three months ended December 31, 1996, compared to $431,000   
for the same period last year.  The increase was due to interest paid on a 
larger base of deposits.  Deposits grew approximately $2.6 million for the three
months compared to September 30, 1996.  Much of this increase was in short term
public deposits.  The weighted average cost of savings has remained stable at 
4.66% on December 31, 1996 compared to 4.72% at September 30, 1996.  The Bank is
able to compete aggressively for savings funds when adequate spreads on loans or
investments become available.  FHLB advances also remain an efficient, 
available liability management tool.  
  
Net Interest Income.  Net interest income before provision for loan losses   
decreased $29,000, or 7.8%, to $343,000 for the quarter ended December 31,   
1996, compared to the same quarter a year ago.  As of December 31, 1996,   
interest-earning assets were 112.7% of interest bearing liabilities.  
  
  
  
  
- 9 -  
<PAGE>  
Home Building Bancorp, Inc.  
Management's Discussion and Analysis of  
Financial Condition and Results of Operation  
(continued)  
  
Net Interest Income, continued  
  
While demand for mortgage loans was stronger during the most recent quarter   
compared to the same quarter a year ago, the demand did not equal mortgage   
principal repayments.  Short term interest rates, from which the Bank
determines the rates it offers deposit customers, remained stable during the 
quarter allowing the Bank to keep deposit rates steady.  The Bank was also able
to attract significant new time deposits during the quarter.  Significant 
increases in short term interest rates would adversely affect the Bank's 
interest rate spread and thus interest income.  The Bank's liabilities are 
generally shorter in term and subject to repricing more frequently than
assets.    
  
The Bank continues to stress consumer and installment lending, shorter-term 
(15 years and under) fixed rate mortgage loans, and adjustable rate 
mortgages.  Investments involve shorter-term and adjustable rate securities 
to respond to changing rates.  During the quarter the Bank purchased $772,000 of
adjustable rate mortgage-backed securities.  The Bank, as a thrift institution,
continues to have a below average exposure to interest rate risk compared to its
peers.  
  
Nonperforming Assets and Provision for Loan Losses.  The provision for loan   
losses is a result of management's periodic analysis of the adequacy of the 
Bank's allowance for loan losses.  During the three month period ending 
December 31, 1996 no additional provision was taken against earnings to 
increase the level of the allowance for loan losses. The Bank adjusts its
allowance in accordance with its Classified Assets Policy.  The Bank believes 
it has taken an appropriate approach toward reserve levels, consistent with the
Bank's loan portfolio, its current level of reserves, the economy, real estate
values and interest rates.  The Bank has had an extremely low level of loan
losses during its history and therefore also considers the loss experience of
similar portfolios in comparable lending markets.  Federal regulators may 
require additional reserves as a result of their examinations of the Bank.
Accordingly, the calculation of the adequacy of the allowance is not solely
based directly on the level of nonperforming assets at any one time.  No 
assurance can be made that future losses will not exceed the estimated 
amounts, thereby adversely affecting future results of operations.  As of   
December 31, 1996, the Bank's allowance for loan losses was $78,500 compared   
to $77,000 one year ago.  In the most recent quarter the reserve increased 
$1,500 due to a recovery on a loan previously written off.  
  
As of December 31, 1996 the Bank's non-performing assets totaled $456,000 or   
1.02% of total assets.  At the same date the Bank's ratio of allowance for 
loan losses to non-performing assets was 17.2%.  
  
Noninterest Income.  Noninterest income decreased to $27,000 in the most 
recent quarter compared to $34,000 during the same quarter in 1995. The 
decrease was largely due to lower profits from the Bank's brokerage subsidiary,
whose results are reported along with other customer service fees.  
  
Noninterest Expense.  Total noninterest expense decreased $21,000, or 7.4%, 
to $261,000 for the latest quarter compared to $282,000 the same quarter a year
ago.  The decrease was due to reduced salaries and benefits as the Bank had a
temporary reduction of staff during the quarter.  Professional fees were also 
lower in the period.  Management expects to add the equivalent of one full time
employee during the coming quarter in connection with the addition of Saturday
banking hours.  
  
  
- 10 -  
<PAGE>  
Home Building Bancorp, Inc.  
Management's Discussion and Analysis of  
Financial Condition and Results of Operation  
(concluded)  
  
  
Income Tax Expense.  Income tax expense was unchanged at $41,000 for the   
most recent quarter compared to the same quarter in 1995. Income before tax   
expense was $109,000 this quarter compared to $124,000 for the same quarter a   
year ago.  
  
Liquidity and Capital Requirements  Home Building's main sources of funds   
are deposits, loan and investment repayments, fees and service charges and 
Federal Home Loan Bank (FHLB) advances.  Federal regulations require the Bank
to maintain cash and eligible investments in an amount equal to at least 5%
of customer accounts and short-term borrowings to assure its ability to meet
demands for withdrawals and repayments of short-term borrowings.  As of 
December 31, 1996, the Bank's liquidity ratio was 16.53% which is well above 
the regulatory requirements.  
  
The Bank uses its capital resources to meet ongoing commitments, to fund   
maturing certificates of deposit and deposit withdrawals, to invest, to fund 
existing and future loan commitments, to maintain liquidity, and to meet 
operating  expenses.  The Bank anticipates it will have sufficient funds to meet
current loan commitments.  At December 31, 1996, the Bank had outstanding
commitments to extend credit totaling $809,000.  Management believes loan
repayments and other sources of funds will be adequate to meet the Bank's 
foreseeable liquidity needs.  FHLB advances may be used to take advantage of
investment opportunities, but are not relied upon in the regular course of
business.  At December 31, 1996, certificates of deposit scheduled to mature
in one year or less totaled $17.7 million.  Management believes based on its
experience to date that a significant portion of these funds will remain with
the Bank.    
  
Home Building Savings Bank is required to maintain specific amounts of   
regulatory capital pursuant to federal regulations.  The table below presents 
the capital position at December 31, 1996 relative to the regulatory capital   
requirements.  
  
                                 	Amount  
                             	(in thousands)     	Percent of Assets  
Tangible Capital	               $    4,338	             9.78%  
Tangible Capital Requirement	          665	             1.50   
Excess	                         $    3,673	             8.28%  
  
Core Capital                   	$    4,338	             9.78%  
Core Capital Requirement	            1,330	             3.00  
Excess	                         $    3,008	             6.78%  
  
Total Capital (Core & Supple.)	 $    4,417	            20.56%  
Risk-Based Capital Requirement	      1,719    	         8.00  
Excess                         	$    2,698	            12.56%  
  
  
  
  
  
- 11 -   
<PAGE>  
PART II. OTHER INFORMATION  
  
  
Item 1.	Legal Proceedings  
  
	None  
  
  
Item 2.	Changes in Securities  
  
	None  
  
  
Item 3.	Defaults Upon Senior Securities  
  
	None  
  
  
Item 4.	Submission of Matters to a Vote of Security Holders  
  
	None  
  
  
Item 5.	Other Information  
  
	None  
  
Item 6.	Exhibits and Reports on Form 8-K  
  
	(a)	Exhibits  
  
		Exhibit 27:	Financial Data Schedule  
  
	(b)	There were no reports on Form 8-K filed during the   
     quarter.  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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<PAGE>   
SIGNATURES  
  
  
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.  
  
				                                         	HOME BUILDING BANCORP, INC.  
	                                         				Registrant  
  
  
  
Date:    2/14/97                          		/s/ Bruce A. Beesley      
		                                       			Bruce A. Beesley, President and   
                                            Chief	 Executive Officer (Duly
                                            Authorized Officer)  
  
					  
  
Date:   2/14/97                           		/s/ Debra K. Shields  
		                                       			Debra K. Shields, Vice President   
                                            and Chief Financial Officer   
                                            (Principal Financial and 
                                            Accounting Officer)  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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<PAGE>  
  
INDEX OF EXHIBITS  
  
  
  
Exhibit		Description  
  
27	Financial Data Schedule  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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