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 March 31, 2000

                                       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 such  reports),  and (2) has been  subject  to such  filing for the past 90
days.

{X}Yes      {  } No

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of the latest practicable date.

             Class                                      Outstanding
------------------------------------            ----------------------------
         Common Stock                           296,660 as of April 28, 2000

Transitional Small Business Disclosure Format (check one):
{ } Yes          {X} No


<PAGE>

<TABLE>
<CAPTION>





                           HOME BUILDING BANCORP, INC.

                                      INDEX


Part I. Financial Information                                                                 Page
<S>                                                                                           <C>

Item 1.   Financial Statements

         Consolidated Statements of Financial Condition at March 31, 2000                       1
         and September 30, 1999

         Consolidated Statements of Income for the three and six months
         ended March 31, 2000 and 1999                                                          2

         Consolidated Statements of Comprehensive Income for the three
         and six months ended March 31, 2000 and 1999                                           3

         Consolidated Statements of Cash Flows for the six months ended
         March 31, 2000 and 1999                                                                4

         Notes to Consolidated Financial Statements                                             5

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

Part II. Other Information                                                                     13

         Signatures                                                                            14

         Index of Exhibits                                                                     15



</TABLE>



<PAGE>

<TABLE>
<CAPTION>


                           Home Building Bancorp, Inc.
                               Washington, Indiana
                 Consolidated Statements of Financial Condition


                                                                      March 31,              Sept. 30,
                                      ASSETS                            2000                     1999
                                      ------                       -------------         ----------------
<S>                                                               <C>                   <C>
Cash and due from banks                                            $   1,525,869         $    1,247,958
Interest-bearing deposits with banks                                   2,709,142              4,760,057
Securities available for sale                                          4,357,620              4,634,094
Securities held to maturity, fair market value of $93,050
   at March 31, and $129,697 at Sept. 30                                  93,788                129,362
Loans receivable, net of allowance for loan losses of
   $88,101 at March 31, and $86,288 at Sept. 30                       35,970,457             36,842,618
Accrued interest receivable                                              223,539                251,030
Insurance receivable                                                     352,044                    -
Premises and equipment                                                   734,253                744,516
Other assets                                                             209,720                277,436
                                                                   -------------         --------------
     Total assets                                                  $  46,176,432         $   48,887,071
                                                                   =============         ==============

             LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:
Savings and NOW deposits                                           $  10,932,772         $   11,190,073
Other time deposits                                                   22,998,439             24,398,525
                                                                   -------------         --------------
     Total deposits                                                   33,931,211             35,588,598
                                                                   -------------         --------------

Advances from Federal Home Loan Bank                                   5,677,863              6,677,863
Accrued expenses and other liabilities                                   318,430                459,888
                                                                   -------------         --------------
     Total liabilities                                                39,927,504             42,726,349
                                                                   -------------         --------------

Shareholders' equity:
   Common stock, $.01 par value, 1 million shares authorized,
      331,660 issued                                                       3,317                  3,317
   Additional paid-in capital                                          3,097,637              3,098,774
   Treasury stock, 35,000 shares at cost                                (605,000)              (605,000)
   Retained earnings                                                   3,940,587              3,855,608
   Accumulated other comprehensive income                                (62,543)               (37,946)
   Unearned ESOP & recognition and retention shares                     (125,070)              (154,031)
                                                                   --------------        ---------------
     Total shareholders' equity                                        6,248,928              6,160,722
                                                                   -------------         --------------

     Total liabilities and shareholders' equity                    $  46,176,432         $   48,887,071
                                                                   =============         ==============

</TABLE>

See accompanying notes.

                                                        -1-



<PAGE>

<TABLE>
<CAPTION>

                                            Home Building Bancorp, Inc.
                                                Washington, Indiana
                                         Consolidated Statements of Income

                                                                     Three months ended             Six months ended
                                                                        March 31,                      March 31,
                                                              -----------------------------     --------------------------
                                                                   2000             1999             2000          1999
                                                              ------------     ------------     ------------  ------------
<S>                                                           <C>              <C>            <C>             <C>
Interest income:
    Loans receivable                                           $   692,326      $  681,275     $ 1,420,792     $ 1,338,814
    Investments                                                     32,991          27,191          66,321          54,616
    Mortgage-backed securities                                      43,095          54,595          87,112         113,378
    Deposits with other banks                                       41,578          69,817         112,488         134,951
                                                               -----------      ----------     -----------     -----------
       Total interest income                                       809,990         832,878       1,686,713       1,641,759
                                                               -----------      ----------     -----------      ----------

Interest expense:
    Deposits                                                       357,909         371,056         738,755         736,715
    Other borrowed funds                                            78,927          85,473         165,860         172,718
                                                               -----------      ----------     -----------      ----------
       Total interest expense                                      436,836         456,529         904,615         909,433
                                                               -----------      ----------     -----------      ----------

Net interest income                                                373,154         376,349         782,098         732,326
Provision for loan losses                                                -          10,000           3,500          15,000
                                                               -----------      ----------     -----------      ----------

    Net interest income after provision for loan losses            373,154         366,349         778,598         717,326
                                                               -----------      ----------     -----------      ----------

Noninterest income:
    Gain on sale of assets                                              13           4,657              31          10,384
    Customer service fees                                           27,683          41,142          53,785          89,383
                                                               -----------     -----------     -----------      ----------
       Total other income                                           27,696          45,799          53,816          99,767
                                                               -----------     -----------     -----------      ----------

Noninterest expenses:
    Salaries and employee benefits                                 158,693         154,491         327,525         310,436
    Occupancy and equipment                                         34,628          36,539          73,205          72,434
    Deposit insurance premium                                        1,913           5,056           7,220           9,779
    Computer expense                                                16,225          19,827          32,842          34,376
    Service fees                                                    14,344          16,688          29,855          31,501
    Advertising expense                                             12,236          14,656          25,939          27,984
    Professional fees                                               38,709          14,874          55,481          33,508
    Other expense                                                   34,307          34,064          73,792          61,064
                                                               -----------     -----------     -----------      ----------
       Total other expenses                                        311,055         296,195         625,859         581,082
                                                               -----------     -----------     -----------      ----------

Income before income taxes                                          89,795         115,953         206,555         236,011
Income tax expense                                                  32,201          34,040          77,077          74,889
                                                               -----------     -----------     -----------      ----------

Net income                                                     $    57,594     $    81,913     $   129,478      $  161,122
                                                               ===========     ===========     ===========      ==========

Basic earnings per share of common stock                       $      0.20     $      0.29     $      0.46      $     0.57
                                                               ===========     ===========     ===========      ==========
Weighted average shares outstanding                                284,476         279,954         283,915         283,147
                                                               ===========     ===========     ===========      ==========

Diluted earnings per share of common stock                     $      0.20     $     0.29      $      0.46      $     0.57
                                                               ===========     ==========      ===========      ==========
Diluted weighted average shares outstanding                        284,476        279,954          283,915         283,333
                                                               ===========     ==========      ===========      ==========

</TABLE>
                                              See accompanying notes.


                                                        -2-
<PAGE>

<TABLE>
<CAPTION>

                                            Home Building Bancorp, Inc.
                                                Washington, Indiana
                                  Consolidated Statements of Comprehensive Income


                                                                     Three months ended             Six months ended
                                                                        March 31,                       March 31,
                                                             ----------------------------     --------------------------
                                                                 2000            1999             2000          1999
                                                             ------------    ------------     ------------  ------------
<S>                                                          <C>             <C>                <C>         <C>

Net income                                                    $   57,594      $  81,913          $ 129,478   $ 161,122

Other comprehensive income, net of income tax:
     Unrealized holding gains and (losses)                        (9,661)        (8,089)           (24,597)    (11,472)
                                                              ----------      ---------          ---------   ---------

Comprehensive income                                          $   47,933      $  73,824          $  84,881   $ 149,650
                                                              ==========      =========          =========   =========


</TABLE>

See accompanying notes.

                                       3

<PAGE>


<TABLE>
<CAPTION>
                          Home Building Bancorp, Inc.
                              Washington, Indiana
                     Consolidated Statements of Cash Flows

                                                                                     Six months ended March 31,
                                                                          ------------------------------------------
                                                                               2000                        1999
                                                                          -------------               --------------
<S>                                                                       <C>                         <C>
Cash flows from operating activities:
Net income                                                                $    129,478                $    161,122
Adjustments to reconcile net income to net cash
  provided by (used by) operating activities:
     Depreciation and amortization                                              17,472                      19,377
     Non cash compensation                                                      27,824                      38,994
     Other gains and losses, net                                                     -                     (10,384)
     Net realized gains on available-for-sale securities                             -                           -
     Change in accrued interest receivable                                      27,491                       6,172
     Change in accrued expenses and other liabilities                         (141,458)                    (95,391)
     Change in other assets                                                     73,401                     (65,544)
     Provision for loan losses                                                   3,500                      15,000
                                                                          ------------                ------------
Net cash provided by operating activities                                      137,708                      69,346
                                                                          ------------                ------------

Cash flows from investing activities:
  Net change in interest-bearing deposits with banks                         2,050,915                    (310,550)
  Purchases of available for sale securities                                   (96,513)                 (1,000,127)
  Proceeds from maturities of available for sale securities                    330,790                   1,722,689
  Proceeds from sales of available for sale securities                               -                           -
  Proceed from maturities of held to maturity securities                        35,574                      50,984
  Net increase in loans                                                        528,531                  (2,026,290)
  Net purchases of premises and equipment                                       (7,208)                     (6,277)
                                                                          ------------                ------------
Net cash used in investing activities                                        2,842,089                  (1,569,571)
                                                                          ------------                ------------

Cash flows from financing activities:
  Net change in deposits                                                    (1,657,387)                  1,532,397
  Purchase of 15,000 shares of treasury stock                                        -                    (260,000)
  Proceeds from Federal Home Loan Bank advances                             (1,000,000)                          -
  Dividends paid                                                               (44,499)                    (44,499)
                                                                          ------------                ------------
Net cash provided by financing activities                                   (2,701,886)                  1,227,898
                                                                          ------------                ------------

Net increase in cash and due from banks                                        277,911                    (272,327)
Cash and due from banks at beginning of period                               1,247,958                   1,366,761
                                                                          ------------                ------------
Cash and due from banks at end of period                                  $  1,525,869                $  1,094,434
                                                                          ============                ============
Supplemental cash flow information:

     Interest paid                                                        $    936,093                $    908,220
                                                                          ============                ============
     Income taxes paid                                                    $    110,187                $    169,954
                                                                          ============                ============
</TABLE>







                                              See accompanying notes.

                                                        -4-

<PAGE>

                           Home Building Bancorp, Inc.
                   Notes to Consolidated Financial Statements
                             March 31, 2000 and 1999


Note 1:  Basis of Presentation

The  consolidated  financial  statements  include the accounts of Home  Building
Bancorp, Inc. (the "Company"), Home Building Savings Bank, FSB (the "Bank"), and
the Bank's subsidiary.  All significant  inter-company balances and transactions
have been  eliminated  in  consolidation.  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, 1999.  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:  Earnings Per Common Share

Basic  earnings of $0.20 per common  share for the three month  period and $0.46
for the six month  period ended March 31,  2000,  were  computed by dividing net
income by the weighted average number of shares  outstanding during the quarter,
less  unearned  Employee  Stock  Ownership  Plan  ("ESOP") and  Recognition  and
Retention  Plan ("RRP")  shares.  Diluted  earnings per share give effect to all
dilutive  potential  common  shares  that were  outstanding  during the  period.
Earnings,  assuming dilution,  for the most recent three-month period were $0.20
per  share  and  $0.46  for  the  six-month  period  ended  March  31,  2000.  A
reconciliation of both numerators and denominators of the per share calculations
follows:

<TABLE>
<CAPTION>

                                                            Income                  Shares                Per-Share
                                                          (Numerator)            (Denominator)             Amount
                                                          -----------            -------------            ---------
<S>                                                        <C>                       <C>                   <C>
For the Three Months Ended March 31, 2000
Basic EPS,
Income available to common shareholders                     $  57,594                  284,476              $ 0.20
Effect of dilutive securities:
  Incentive stock option plan shares                                                        -
Diluted EPS
Income available to common shareholders+
assumed conversions                                            57,594                  284,476                0.20

For the Six Months Ended March 31, 2000
Basic EPS,
Income available to common shareholders                       129,478                  283,915                0.46
Effect of dilutive securities:
  Incentive stock option plan shares                                                         -
Diluted EPS
Income available to common shareholders +
assumed conversions                                           129,478                  283,915                0.46


</TABLE>




                                                        -5-


<PAGE>

<TABLE>
<CAPTION>
                                            Home Building Bancorp, Inc.
                                    Notes to Consolidated Financial Statements
                                              March 31, 2000 and 1999


Note 2:  Earnings Per Common Share, continued
<S>                                                           <C>                     <C>                    <C>
For the Three Months Ended March 31, 1999
Basic EPS,
Income available to common shareholders                        81,913                  279,954                0.29
Effect of dilutive securities:
  Incentive stock option plan shares                                                       -
Diluted EPS
Income available to common shareholders +
assumed conversions                                            81,913                  279,954                0.29

For the Six Months Ended March 31, 1999
Basic EPS,
Income available to common shareholders                       161,122                  283,147                0.57
Effect of dilutive securities:
  Incentive stock option plan shares                                                       186
Diluted EPS
Income available to common shareholders +
assumed conversions                                           161,122                  283,333                0.57

</TABLE>

Note 3:  Allowance for Loan Losses and Loan Loss Provision

The  allowance  for loan losses  increased  $2,000 to $88,000 for the  six-month
period ended March 31, 2000.  Activity in the  allowance  for loan losses was as
follows:

                                          For the six months ended March 31,
                                        --------------------------------------
                                           2000                       1999
                                        -----------               -----------

         Beginning                       $   86,000               $   92,000

             Provision                        3,500                   15,000
             Charge-offs                     (1,700)                 (18,900)
             Recoveries                         100                      900
                                         ----------               ----------

         Ending                          $   88,000               $   89,000
                                         ==========               ==========


Note 4:  Insurance Receivable

During  December of 1999,  management  discovered  an employee  fraud  involving
approximately  $350,000 in fictitious loans on savings accounts. Of this amount,
$340,000,  combined  with  various  professional  fees has been  recorded  as an
insurance  receivable,  because  management  believes the loss is covered by the
Company's fidelity bond. The difference of $10,000,  representing the deductible
of the Bank's  fidelity  bond,  was  recorded as an other,  noninterest expense.
Management, working with counsel,  has submitted a claim to its bond carrier and
is awaiting their review.



                                       -6-


<PAGE>
                           Home Building Bancorp, Inc.
                   Notes to Consolidated Financial Statements
                             March 31, 2000 and 1999


Note 4:  Insurance Receivable, continued

The defalcation  took place over a period of six years, but was not prevented or
detected  earlier  because it did not result in any cash  shortages,  accounting
imbalances,  or from the usurpation of duties from other personnel. The Bank now
uses the same  procedures  for  origination  and  accounting of loans on savings
accounts as on any other type of secured installment loan.



                                       -7-



<PAGE>


                           Home Building Bancorp, Inc.
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations

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  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.  At March 31, 2000,  the
Company 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,  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  loans,  automobile and
consumer loans, and to a lesser extent commercial,  multifamily and construction
real estate loans. The Bank also invests in US 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  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.  General economic
conditions,  the  monetary  and fiscal  policies  of federal  agencies,  and the
policies  of  agencies  that  regulate  financial  institutions  also affect the
operating  results of the Bank.  Interest  rates on  competing  investments  and
general market rates of interest  influence the Bank's cost of funds. The demand
for real estate  loans and other types of loans  influence  lending  activities,
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

During the six months ended March 31, 2000, total assets decreased approximately
$2.7 million to $46.2 million from $48.9 million at September 30, 1999. Cash and
due from banks increased  $278,000,  while  interest-bearing  deposits decreased
$2.1 million.  Net loans receivable  decreased $0.8 million, to $36.0 million on
March 31, 2000 from $36.8  million on September  30, 1999.  The Company had $4.4
million in securities available for sale and only $94,000 in held to maturity at
March 31, 2000.


Total liabilities  decreased by approximately  $2.8 million during the six-month
period,  to $39.9  million at March 31, 2000 from $42.7 million at September 30,
1999. Of the decrease, $1.0 million related to the payoff of a Federal Home Loan
Bank advance,  while $1.7 million was reduction in deposit  accounts,  primarily
time deposits.






                                       -8-

<PAGE>

                           Home Building Bancorp, Inc.
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations
                                   (continued)


Results of Operations:
Comparison of the three and six months ended March 31, 2000 and 1999.

General.  The  Company  recorded  a net profit of $58,000  for the  quarter  and
$129,000  for the six months  ended March 31,  2000,  compared to net profits of
$82,000 and $161,000 for the same periods in 1999. Results of operations for the
second quarter were impacted by lower noninterest  income and higher noninterest
expense.  Year to date,  these same trends were apparent but net interest income
is up  $50,000,  year to date,  and stable for the  quarter.  Lower  noninterest
income from the Bank's investment  services  subsidiary and higher  professional
fees,  related to the employee fraud  discovered in December 1999,  were primary
drivers of these changes.

Interest Income.  Total interest income decreased $23,000,  or 2.8%, to $810,000
for the three  months  ended  March 31,  2000,  compared to the same period last
year.  Interest  income on loans  increased  $11,000 for the three  months ended
March 31, 2000 compared to a year ago due to higher loan volumes.  Lower volumes
of  mortgage-backed  securities  and deposits with other banks reduced  interest
from these sources by a total of $40,000 for the most recent quarter compared to
the same quarter a year ago. The sources of interest  income reflect the changes
in the  asset  mix,  with a higher  proportion  of  assets  in loans and less in
securities. For the six-month period interest income increased $45,000, or 2.7%,
to $1,687,000  compared to $1,642,000 during the first six months of fiscal year
1999.

Interest Expense. Total interest expense decreased $20,000, or 4.4%, to $437,000
for the most recent quarter compared to the same quarter a year ago. Interest on
deposits  decreased  slightly and interest expense on FHLB advances declined due
to the $1.0 million payment on funds borrowed.

The  weighted  average  cost of deposits at March 31, 2000 was 4.2%  compared to
4.3% at  December  31,  1999.  The  overall  cost of funds,  including  all FHLB
advances,  was 4.4% on March 31, 2000  compared to 4.5% on  December  31,  1999.
These numbers  reflect the Bank's  ability to keep deposit rates stable  despite
rising  interest  rates  during  the  quarter.  The  Bank  is  able  to  compete
aggressively for savings funds when adequate spreads on loans or investments are
available. FHLB advances have been an effective liability management tool in the
past as well.

Net Interest  Income.  Net interest  income,  before  provision for loan losses,
decreased  $3,000,  or 0.8%,  to $373,000  for the quarter  compared to the same
quarter a year ago.  For the six month  period  ended  March 31,  2000,  average
interest-earning  assets were 108.5% of average  interest  bearing  liabilities.
Local demand for  mortgage  loans has declined  during the  six-month  period as
rates have  increased.  Net loans  receivable  decreased  $0.9  million to $36.0
million at March 31, 2000 compared to $36.8 million at September 30, 1999.











                                       -9-

<PAGE>

                           Home Building Bancorp, Inc.
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations
                                   (continued)


Net Interest Income, continued

Total  deposits  decreased  during the six-month  period by  approximately  $1.7
million to $33.9 million from $35.6 million.  The Bank's  advances from the FHLB
declined by $1.0  million due a scheduled  maturity.  Additionally,  the Company
regularly bids on short-term funds, such as short-term public funds. At any time
the Company could  decline to bid on such funds,  and allow them to be withdrawn
if acceptable spreads are not available. The Company's liabilities are generally
shorter in term and subject to repricing more frequently than assets.

The Company 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  securities  to  respond  to
changing rates. The Company, as a thrift institution, continues to have exposure
to interest rate risk comparable to its peers. Based on the latest available OTS
Interest  Rate Risk  Exposure  Report,  the net present  value of the Bank, as a
percent of assets in the +200bp scenario, would be 8.34%.

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
Company's  allowance for loan losses.  During the three-month period ended March
31, 2000 no  additional  provision  was recorded and net  charge-offs  were only
$2,000 year to date.  The Company  adjusts its allowance in accordance  with its
Classified  Assets  Policy.  The Company  believes  it has taken an  appropriate
approach  toward reserve  levels,  consistent with the Company's loan portfolio,
its current  level of  reserves,  the economy,  real estate  values and interest
rates.  The Company  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 Company, but have not done so.
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 March 31, 2000
the  Company's  allowance  for loan  losses was  $88,000  compared to $86,000 on
September  30,  1999.  Over  the  six-month  period  $1,700  in  losses,  net of
recoveries,  were  recognized and $3,500 in additions were made to the loan loss
reserve.

As of March 31,2000,  the Company's  nonperforming  assets totaled $179,000,  or
0.39% of total assets.  At the same date,  the Company's  ratio of allowance for
loan losses to nonperforming assets was 49.2%.

Noninterest  Income.  Noninterest income decreased $18,000, or 39.5%, to $28,000
for the most recent  quarter  compared to the same  quarter a year ago.  For the
six-month period noninterest income decreased $46,000,  or 46.1%, to $54,000 for
the period.  During both the most recent quarter and year to date the gains from
sale of assets and customer  service fees decreased  compared to a year ago. The
Company  does not depend on the regular or  periodic  sale of assets for income,
but during the quarter and the  six-month  period in the 1999 fiscal year,  some
investment  securities were called at profit to the Bank. Customer services fees
decreased $36,000, or 39.8%, to $54,000 for the six month period ended March 31,
2000  compared  to  $89,000  for the same  period a year ago.  Of this  decline,
$31,000,  86.1%, resulted from lower fees from investment sales generated by the
Bank's investment advisory subsidiary.


                                      -10-

<PAGE>

                           Home Building Bancorp, Inc.
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations
                                   (continued)


Noninterest  Expense.  Total noninterest  expense increased $15,000, or 5.0%, to
$311,000 for the latest quarter compared to $296,000 for the same quarter a year
ago. The increases  were due to salaries and benefits,  professional  fees,  and
other expense.  For the six months  noninterest  expense increased  $45,000,  to
$626,000  compared to $581,000  for the same period a year ago. The increase was
due to higher salaries and benefits,  professional  expenses and other expenses.
Compared to the same period a year ago the Bank has added a full time commercial
loan  officer.  In addition,  during  December  1999,  management  discovered an
employee fraud and the Company has incurred higher  professional fees related to
this matter.

During April 2000, the Company entered into a separation and severance agreement
with its Chief  Executive  Officer.  Pursuant to the terms of the agreement,  he
will  continue to receive  salary and  benefits  for a period of time.  In April
2000, the Company accrued and expensed  approximately  $104,000  related to this
agreement.

Income Tax Expense.  Income tax expense was $32,201 for the most recent  quarter
compared to $34,040 for the same  quarter a year ago.  For the six months  ended
March 31,  2000,  tax expense  was $77,077  compared to $74,889 for the period a
year ago. Tax expense  reflects the level of  profitability  for the  respective
periods.

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 at levels that assure its ability to meet demands
for withdrawals and repayments of short-term  borrowings.  As of March 31, 2000,
the Bank had cash and due from banks,  deposits,  and  securities  available for
sale equal to 25.3% of total deposits and FHLB advances.

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  March  31,  2000,  the  Bank  had  outstanding
commitments  to  extend  credit  totaling  $264,900.  Management  believes  loan
repayments,  deposits,  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,  or as an alternative  source of liquid funds, but
are not relied upon in the regular course of business.

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  March  31,  2000,  relative  to  the  regulatory  capital
requirements.










                                      -11-

<PAGE>

<TABLE>
<CAPTION>

                           Home Building Bancorp, Inc.
                     Management's Discussion and Analysis of
                  Financial Condition and Results of Operation
                                   (concluded)

Liquidity and Capital Requirements, continued

                                                       Amount
                                                   (in thousands)          Percent of Assets
                                                   --------------          -----------------
<S>                                                  <C>                         <C>

Tier 1 Core Capital                                   $ 4,909                     10.72%
Core Capital Requirement                              $ 1,832                      4.00%
Excess                                                $ 3,077                      6.72%

Total Capital                                         $ 4,997                     19.39%
Risk-Based Capital Requirement                        $ 2,062                      8.00%
Excess                                                $ 2,935                     11.39%

</TABLE>

Year 2000

Home  Building  Savings Bank has not  experienced  any data  processing or other
operational problems connected with the Year 2000 event. Moreover, management is
not aware of any significant operational problems among the Bank's correspondent
institutions,  data processing providers, or others vendors, which would have an
effect on the Bank's  operations.  The Bank did not  experience  any  noticeable
deposit withdrawals or other activity by Bank's customers that had any impact on
operations.


Forward-Looking Statements

When used in this  Quarterly  Report on Form  10-QSB  or 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
"will likely  result",  "are expected to", "will  continue",  "is  anticipated",
"estimate", "project", "believe" or similar expressions are intended to identify
"forward-looking  statements"  within  the  meaning  of the  Private  Securities
Litigation  Reform Act of 1995.  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 to advise readers that various factors including  regional
and national  economic  conditions,  changes in levels of market interest rates,
credit risks of lending activities, and competitive and regulatory factors could
affect the Company's  financial  performance and could cause the Company's actua
results  for future  periods to differ  materially  from  those  anticipated  or
projected.

The Company does not undertake  and  specifically  disclaims  any  obligation to
publicly  release  the  result  of  any  revisions  which  may  be  made  to any
forward-looking   statements  to  reflect  the   occurrence  of  anticipated  or
unanticipated events or circumstances after the date of such statements.










                                      -12-

<PAGE>


                          PART II. OTHER INFORMATION


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

       (a)  Annual meeting held January 18, 2000
       (b)  Continuing Directors
              Bruce A. Beesley
              C. Darrell Deem, DDS
              Blake L. Chambers
              Larry G. Wilson
              Gregory L. Haag (elected at meeting)
              Director Beesley subsequently resigned on April 7, 2000
       (c)  Results of annual meeting proposal
            (1)  Election of Directors
                 Name of Nominee                        For          Withheld
                 Gregory L. Haag (3-year term)        206,432         5,228
                 James E. Scheid (3-year term)        206,432         5,228
            (2)  Proposal to ratify Kemper CPA Group, L.L.C. was not passed
                 at annual meeting due to failure to second the proposal.
       (d)  Not Applicable

Item 6. Exhibits and Reports on Form 8-K

       (a)  Exhibits

            Exhibit 27: Financial Data Schedules (electronic filing only)

       (b)  Report on Form 8-K was filed on January 21, 2000 describing a change
            in the registrants' certifying accountant. A report amending the
            previously described report on Form 8-K was filed on February 15,
            2000. Another report on Form 8-K was filed on February 21, 2000
            indicting that the registrant engaged Crowe Chizek and Company
            L.L.P. as its independent accountant.









                                      -13-
<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:   5/14/00                             /s/ Debra K. Shields
                                            ------------------------------------
                                            Debra K. Shields, Vice President



Date:   5/14/00                             /s/ Tom Miles
                                            ------------------------------------
                                            Tom  Miles, Vice President





                                      -14-


<PAGE>

                                INDEX OF EXHIBITS



Exhibit                    Description

27                         Financial Data Schedules (electronic filing only) For
                           six month period ended March 31, 2000

                                      -15-