UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                                 FORM 10-QSB

(Mark One)

[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the quarterly period ended     December 31, 2003
                               -------------------------

                                     OR

[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to _______________

Commission File Number:     33-84132
                          ------------

                      COMMUNITY INVESTORS BANCORP, INC.
---------------------------------------------------------------------------
      (Exact name of small business issuer as specified in its charter)

              Ohio                                    34-1779309
-------------------------------           ---------------------------------
(State or other jurisdiction of           (IRS Employer Identification No.)
 incorporation or organization)

               119 South Sandusky Avenue, Bucyrus, Ohio 44820
---------------------------------------------------------------------------
                  (Address of principal executive offices)

                               (419) 562-7055
---------------------------------------------------------------------------
                         (Issuer's telephone number)

---------------------------------------------------------------------------
            (Former name, former address and former fiscal year,
                        if changed since last report)

                    APPLICABLE ONLY TO CORPORATE ISSUERS
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months or such
shorter period that the issuer was required to file such reports and (2)
has been subject to such filing requirements for the past 90 days:
Yes  [X]    No  [ ]

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
February 12, 2004 - 1,095,675 common shares

Transitional Small Business Disclosure Format (Check one):
Yes  [ ]    No  [X]


<PAGE>


                                    INDEX

                                                                       Page
                                                                       ----

PART I  -   FINANCIAL INFORMATION

            Consolidated Statements of Financial Condition                3

            Consolidated Statements of Earnings                           4

            Consolidated Statements of Comprehensive Income               5

            Consolidated Statements of Cash Flows                         6

            Notes to Consolidated Financial Statements                    8

            Management's Discussion and Analysis of
             Financial Condition and Results of
             Operations                                                  11

            Controls and Procedures                                      14


PART II  -  OTHER INFORMATION                                            16

SIGNATURES                                                               17


<PAGE>  2


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                                    December 31,    June 30,
      ASSETS                                                                2003        2003


                                                                     <c>         <c>
Cash and due from banks                                                 $  3,652    $    908
Interest-bearing deposits in other financial institutions                  1,229      13,467
                                                                        --------    --------
      Cash and cash equivalents                                            4,881      14,375

Investment securities available for sale - at market                      13,107       7,165
Investment securities held to maturity - at amortized cost,
 approximate market value of $181 and $85 as of December
 31, 2003 and June 30, 2003, respectively                                    181          84
Mortgage-backed securities available for sale - at market                  1,213       1,701
Mortgage-backed securities held to maturity - at amortized cost,
 approximate  market value of $293 and $375 as of December
 31, 2003 and June 30, 2003, respectively                                    287         364
Loans receivable - net                                                    96,004      94,205
Loans held for sale - at lower of cost or market                               -         318
Property acquired in settlement of loans                                      49           -
Office premises and equipment - at depreciated cost                        2,408       1,806
Federal Home Loan Bank stock - at cost                                     1,821       1,785
Accrued interest receivable on loans                                         405         393
Accrued interest receivable on mortgage-backed securities                      8          10
Accrued interest receivable on investments
 and interest-bearing deposits                                                92          60
Prepaid expenses and other assets                                            345         324
Prepaid federal income taxes                                                 198          68
                                                                        --------    --------

      Total assets                                                      $120,999    $122,658
                                                                        ========    ========

      LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                $ 86,105    $ 88,065
Advances from the Federal Home Loan Bank                                  21,123      21,244
Advances by borrowers for taxes and insurance                                230          79
Accrued interest payable                                                     169         168
Other liabilities                                                             10         109
Deferred federal income taxes                                                134         149
                                                                        --------    --------
      Total liabilities                                                  107,771     109,814


Stockholders' equity
  Common stock, 4,000,000 shares authorized, $.01 par value;
   1,660,850 shares issued                                                    17          17
  Additional paid-in capital                                               7,362       7,368
  Retained earnings, restricted                                           11,373      11,136
  Shares acquired by stock benefit plans                                     (68)       (129)
  Less 570,800 and 589,412 shares of treasury stock at
   December 31, 2003 and June 30, 2003, respectively - at cost            (5,479)     (5,615)
  Accumulated other comprehensive income - unrealized gains on
   securities designated as available for sale, net of related
   tax effects                                                                23          67
                                                                        --------    --------
      Total stockholders' equity                                          13,228      12,844
                                                                        --------    --------

      Total liabilities and stockholders' equity                        $120,999    $122,658
                                                                        ========    ========
</TABLE>


<PAGE>  3


                      Community Investors Bancorp, Inc.

                     CONSOLIDATED STATEMENTS OF EARNINGS

                      (In thousands, except share data)

<TABLE>
<CAPTION>

                                                         Six months ended    Three months ended
                                                           December 31,         December 31,
                                                          2003      2002       2003      2002


                                                      <c>       <c>        <c>       <c>
Interest income
  Loans                                                  $2,927    $3,381     $1,444    $1,690
  Mortgage-backed securities                                 37       101         17        44
  Investment securities                                     172       234         79       107
  Interest-bearing deposits and other                        71        36         48        17
                                                         ------    ------     ------    ------
      Total interest income                               3,207     3,752      1,588     1,858

Interest expense
  Deposits                                                  693     1,157        318       550
  Borrowings                                                662       666        331       334
                                                         ------    ------     ------    ------
      Total interest expense                              1,355     1,823        649       884
                                                         ------    ------     ------    ------

      Net interest income                                 1,852     1,929        939       974

Provision for losses on loans                                59        27         37        25
                                                         ------    ------     ------    ------

      Net interest income after provision
       for losses on loans                                1,793     1,902        902       949

Other income
  Loss on sale of repossessed assets                          -        (9)         -        (2)
  Gain on sale of loans                                      30         -          4         -
  Other operating                                           227       206        108       111
                                                         ------    ------     ------    ------
      Total other income                                    257       197        112       109

General, administrative and other expense
  Employee compensation and benefits                        751       635        390       304
  Occupancy and equipment                                   110        82         52        43
  Franchise taxes                                            77        23         38        36
  Data processing                                           183       160         96        85
  Other operating                                           296       308        164       143
                                                         ------    ------     ------    ------
      Total general, administrative and other expense     1,417     1,208        740       611
                                                         ------    ------     ------    ------

      Earnings before income taxes                          633       891        274       447

Federal income taxes
  Current                                                   206       269         88       117
  Deferred                                                    8        33          4        34
                                                         ------    ------     ------    ------
      Total federal income taxes                            214       302         92       151
                                                         ------    ------     ------    ------

      NET EARNINGS                                       $  419    $  589     $  182    $  296
                                                         ======    ======     ======    ======

      EARNINGS PER SHARE
        Basic                                            $  .40    $  .55     $  .17    $  .27
                                                         ======    ======     ======    ======

        Diluted                                          $  .39    $  .54     $  .17    $  .27
                                                         ======    ======     ======    ======
</TABLE>


<PAGE>  4


                      Community Investors Bancorp, Inc.

               CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                               (In thousands)

<TABLE>
<CAPTION>

                                                               Six months ended    Three months ended
                                                                 December 31,         December 31,
                                                                2003      2002      2003      2002


                                                             <c>       <c>       <c>       <c>
Net earnings                                                    $419      $589      $182      $296

Other comprehensive income (loss), net of taxes (benefits):
  Unrealized holding gains (losses) on securities during
   the period, net of taxes (benefits) of $(23), $3,
   $(10) and $(40) for the respective periods                    (44)        6       (19)      (78)
                                                                ----      ----      ----      ----

Comprehensive income                                            $375      $595      $163      $218
                                                                ====      ====      ====      ====

Accumulated comprehensive income                                $ 23      $ 74      $ 23      $ 74
                                                                ====      ====      ====      ====
</TABLE>


<PAGE>  5


                      Community Investors Bancorp, Inc.

                    CONSOLIDATED STATEMENTS OF CASH FLOWS

                    For the six months ended December 31,
                               (In thousands)

<TABLE>
<CAPTION>

                                                                          2003         2002


                                                                     <c>          <c>
Cash flows from operating activities:
  Net earnings for the period                                           $    419     $    589
  Adjustments to reconcile net earnings to net cash
   provided by (used in) operating activities:
    Amortization of discounts and premiums on loans,
     investments and mortgage-backed securities - net                          6           27
    Amortization of deferred loan origination fees                           (45)         (35)
    Depreciation and amortization                                             51           28
    Provision for losses on loans                                             59           27
    Gain on sale of loans                                                    (30)           -
    Origination of loans for sale in the secondary market                 (1,072)           -
    Proceeds from sale of loans                                            1,084            -
    Amortization expense of stock benefit plans                               75          144
    Loss on sale of repossessed assets                                         -            9
    Federal Home Loan Bank stock dividends                                   (36)         (40)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                   (12)        (178)
      Accrued interest receivable on mortgage-backed securities                2            8
      Accrued interest receivable on investments and
       interest-bearing deposits                                             (32)          21
      Prepaid expenses and other assets                                      (21)          34
      Accrued interest payable                                                 1            5
      Other liabilities                                                      (99)          32
      Federal income taxes
        Current                                                             (145)         (61)
        Deferred                                                               8           33
                                                                        --------     --------
          Net cash provided by operating activities                          213          643

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                          1,003        4,942
  Purchase of investment securities designated as available for sale      (7,000)      (3,820)
  Purchase of investment securities designated as held to maturity          (100)           -
  Principal repayments on mortgage-backed securities                         539        1,369
  Loan principal repayments                                               13,566       16,849
  Loan disbursements                                                     (15,093)     (17,558)
  Purchase of office premises and equipment                                 (645)        (467)
  Proceeds from sale of repossessed assets                                     -           25
                                                                        --------     --------
          Net cash provided by (used in) investing activities             (7,730)       1,340
                                                                        --------     --------

          Net cash provided by (used in) operating and
           investing activities (subtotal carried forward)                (7,517)       1,983
                                                                        --------     --------


<PAGE>  6


                      Community Investors Bancorp, Inc.

              CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                    For the six months ended December 31,

<CAPTION>

                                                                          2003         2002


                                                                     <c>          <c>
          Net cash provided by (used in) operating and investing
           activities (subtotal brought forward)                        $ (7,517)    $  1,983

Cash flows provided by (used in) financing activities:
  Net increase (decrease) in deposit accounts                             (1,960)         784
  Proceeds of Federal Home Loan Bank advances                              2,000            -
  Repayment of Federal Home Loan Bank advances                            (2,121)         (67)
  Advances by borrowers for taxes and insurance                              151          184
  Proceeds from the exercise of stock options                                278            -
  Purchase of treasury stock                                                (142)         (29)
  Dividends on common stock                                                 (183)        (176)
                                                                        --------     --------
          Net cash provided by (used in) financing activities             (1,977)         696
                                                                        --------     --------

Net increase (decrease) in cash and cash equivalents                      (9,494)       2,679

Cash and cash equivalents at beginning of period                          14,375        7,551
                                                                        --------     --------

Cash and cash equivalents at end of period                              $  4,881     $ 10,230
                                                                        ========     ========

Supplemental disclosure of cash flow information:
  Cash paid during the period for:
  Federal income taxes                                                  $    380     $    357
                                                                        ========     ========

  Interest on deposits and borrowings                                   $  1,354     $  1,818
                                                                        ========     ========

Unrealized gains (losses) on securities designated as available
 for sale, net of related tax effects                                   $    (44)    $      6
                                                                        ========     ========

Supplemental disclosure of noncash investing activities:
  Transfers from loans to repossessed assets                            $     49     $     32
                                                                        --------     --------

  Recognition of mortgage servicing rights in accordance
   with SFAS No. 140                                                    $     11     $      -
                                                                        ========     ========
</TABLE>


<PAGE>  7


                      Community Investors Bancorp, Inc.

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

        For the six and three months ended December 31, 2003 and 2002


1.    Basis of Presentation
      ---------------------

The accompanying unaudited consolidated financial statements were prepared
in accordance with instructions for Form 10-QSB and, therefore, do not
include information or footnotes necessary for a complete presentation of
consolidated financial position, results of operations and cash flows in
conformity with accounting principles generally accepted in the United
States of America. Accordingly, these financial statements should be read
in conjunction with the consolidated financial statements and notes thereto
of Community Investors Bancorp, Inc. (the "Corporation") included in the
Annual Report on Form 10-KSB for the year ended June 30, 2003. However, in
the opinion of management, all adjustments (consisting of only normal
recurring accruals) which are necessary for a fair presentation of the
financial statements have been included. The results of operations for the
six and three month periods ended December 31, 2003 are not necessarily
indicative of the results which may be expected for the entire fiscal year.

2.    Principles of Consolidation
      ---------------------------

The accompanying consolidated financial statements include the accounts of
the Corporation and its wholly owned subsidiary, First Federal Community
Bank of Bucyrus (the "Bank"). All significant intercompany items have been
eliminated.

3.    Earnings Per Share
      ------------------

Basic earnings per share is computed based upon the weighted-average shares
outstanding during the period less shares in the ESOP that are unallocated
and not committed to be released. Weighted-average common shares deemed
outstanding gives effect to a reduction for 25,528 and 38,964 weighted-
average unallocated shares held by the ESOP for the six and three month
periods ended December 31, 2003 and 2002, respectively.

Diluted earnings per share is computed taking into consideration common
shares outstanding and dilutive potential common shares to be issued under
the Corporation's stock option plan. The computations were as follows:

<TABLE>
<CAPTION>

                                       For the six months ended    For the three months ended
                                             December 31,                 December 31,
                                          2003         2002          2003         2002


                                     <c>          <c>           <c>          <c>
Weighted-average common shares
 outstanding (basic)                    1,053,423    1,063,598     1,058,279    1,063,123
Dilutive effect of assumed exercise
 of stock options                          33,980       36,860        35,118       37,879
                                        ---------    ---------     ---------    ---------
Weighted-average common shares
 outstanding (diluted)                  1,087,403    1,100,458     1,093,397    1,101,002
                                        =========    =========     =========    =========
</TABLE>


<PAGE>  8


                      Community Investors Bancorp, Inc.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

        For the six and three months ended December 31, 2003 and 2002

4.    Effects of Recent Accounting Pronouncements
      -------------------------------------------

In January 2003, the FASB issued FASB Interpretation No 46 ("FIN 46"),
"Consolidation of Variable Interest Entities." FIN 46 requires a variable
interest entity to be consolidated by a company if that company is subject
to a majority of the risk of loss from the variable interest entity's
activities or entitled to receive a majority of the entity's residual
returns, or both. FIN 46 also requires disclosures about variable interest
entities that a company is not required to consolidate, but in which it has
a significant variable interest. The consolidation requirements of FIN 46
apply immediately to variable interest entities created after January 31,
2003. The consolidation requirements apply to existing entities in the
first fiscal year or interim period beginning after June 15, 2003. Certain
of the disclosure requirements apply in all financial statements issued
after January 31, 2003, regardless of when the variable interest entity was
established. The Corporation has not established any variable interest
entities subsequent to January 31, 2003, and has no current intent to do
so.

In April 2003 the FASB issued SFAS No. 149, "Amendment of Statement 133 on
Derivative Instruments and Hedging Activities" which clarifies certain
implementation issues raised by constituents and amends SFAS No. 133,
"Accounting for Derivative Instruments and Hedging Activities," to include
the conclusions reached by the FASB on certain FASB Staff Implementation
Issues that, while inconsistent with Statement 133's conclusions, were
considered by the Board to be preferable; amends SFAS No. 133's discussion
of financial guarantee contracts and the application of the shortcut method
to an interest-rate swap agreement that includes an embedded option and
amends other pronouncements.

The guidance in Statement 149 is effective for new contracts entered into
or modified after June 30, 2003 and for hedging relationships designated
after that date. Management adopted SFAS No. 149 effective July 1, 2003, as
required, without material effect on the Corporation's financial position
or results of operations.

In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain
Financial Instruments with Characteristics of both Liabilities and Equity",
which changes the classification in the statement of financial position of
certain common financial instruments from either equity or mezzanine
presentation to liabilities and requires an issuer of those financial
statements to recognize changes in fair value or redemption amount, as
applicable, in earnings. SFAS No. 150 requires an issuer to classify
certain financial instruments as liabilities, including mandatorily
redeemable preferred and common stocks.

SFAS No. 150 is effective for financial instruments entered into or
modified after May 31, 2003 and, with one exception, is effective at the
beginning of the first interim period beginning after June 15, 2003 (July
1, 2003 as to the Corporation). The effect of adopting SFAS No. 150 must be
recognized as a cumulative effect of an accounting change as of the
beginning of the period of adoption. Restatement of prior periods is not
permitted. Management adopted SFAS No. 150 effective July 1, 2003, as
required, without any effect on the Corporation's financial condition or
results of operations.


<PAGE>  9


                      Community Investors Bancorp, Inc.

           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

        For the six and three months ended December 31, 2003 and 2002

5.    Stock Option Plan
      -----------------

In fiscal 1996, the Board of Directors adopted a Stock Option Plan (the
"Plan") that provided for the issuance of 166,084 shares of authorized, but
unissued shares of common stock at the fair value at the date of grant.

The Corporation accounts for the Plan in accordance with SFAS No. 123,
"Accounting for Stock-Based Compensation," which contains a fair value-
based method for valuing stock-based compensation that entities may use,
which measures compensation cost at the grant date based on the fair value
of the award. Compensation is then recognized over the service period,
which is usually the vesting period. Alternatively, SFAS No. 123 permits
entities to continue to account for stock options and similar equity
instruments under Accounting Principles Board ("APB") Opinion No. 25,
"Accounting for Stock Issued to Employees." Entities that continue to
account for stock options using APB Opinion No. 25 are required to make pro
forma disclosures of net earnings and earnings per share, as if the fair
value-based method of accounting defined in SFAS No. 123 had been applied.

The Corporation applies APB Opinion No. 25 and related Interpretations in
accounting for its stock option plan. Accordingly, no compensation cost has
been recognized with respect to the Plan. Had compensation cost for the
Plan been determined based on the fair value at the grant date in a manner
consistent with the accounting method utilized in SFAS No. 123, there would
have been no material effect on the Corporation's consolidated net earnings
and earnings per share for the nine and three month periods ended December
31, 2003 and 2002.

A summary of the status of the Corporation's stock option plan as of
December 31, 2003 and June 30, 2003 and 2002, and changes during the
periods ending on those dates is presented below:

<TABLE>
<CAPTION>

                                        Six months ended                      Year ended
                                          December 31,                         June 30,
                                              2003                    2003                   2002
                                                 Weighted-               Weighted-              Weighted-
                                                   average                 average                average
                                                  exercise                exercise               exercise
                                      Shares         price    Shares         price    Shares        price


                                   <c>          <c>        <c>          <c>        <c>          <c>
Outstanding at beginning of period    107,474      $7.65      110,774      $7.64      112,574      $7.64
Granted                                     -          -            -          -            -          -
Exercised                             (29,017)      6.69       (3,300)      7.33       (1,800)      7.67
Forfeited                                   -          -            -          -            -          -
                                      -------      -----      -------      -----      -------      -----

Outstanding at end of period           78,457      $8.01      107,474      $7.65      110,774      $7.64
                                      =======      =====      =======      =====      =======      =====

Options exercisable at period-end      78,457      $8.01      107,474      $7.65      107,050      $7.54
                                      =======      =====      =======      =====      =======      =====
</TABLE>

The following information applies to options outstanding at December 31, 2003:

<TABLE>


                                            <c>
Number outstanding                                      59,836
Range of exercise prices                         $6.61 - $7.89
Number outstanding                                      18,621
Range of exercise prices                       $10.17 - $10.83
Weighted-average exercise price                          $8.01
Weighted-average remaining contractual life          2.5 years
</TABLE>


<PAGE>  10


                      Community Investors Bancorp, Inc.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                          AND RESULTS OF OPERATIONS

Forward-Looking Statements
--------------------------

In addition to historical information contained herein, the following
discussion contains forward-looking statements that involve risks and
uncertainties. Economic circumstances, the Corporation's operations and the
Corporation's actual results could differ significantly from those
discussed in the forward-looking statements. Some of the factors that could
cause or contribute to such differences are discussed herein but also
include changes in the economy and interest rates in the nation and the
Corporation's market area generally.

Some of the forward-looking statements included herein are the statements
regarding management's determination of the amount and adequacy of the
allowance for loan losses and the effect of recent accounting
pronouncements.

Discussion of Financial Condition Changes from June 30, 2003
------------------------------------------------------------
to December 31, 2003
--------------------

At December 31, 2003, the Corporation's assets totaled $121.0 million, a
decrease of $1.7 million, or 1.4%, compared to the level reported at June
30, 2003. The decrease in assets was primarily comprised of a $9.5 million
decrease in cash and cash equivalents, which was partially offset by a $6.0
million increase in investment securities and a $1.8 million increase in
loans receivable.

Cash and interest-bearing deposits totaled $4.9 million at December 31,
2003, a decrease of $9.5 million, or 66.0%, over June 30, 2003. Investment
and mortgage-backed securities totaled $14.8 million at December 31, 2003,
an increase of $5.5 million, or 58.8%, from June 30, 2003, due primarily to
purchases of investment securities of $7.1 million, partially offset by
maturities of investment securities and repayments on mortgage-backed
securities totaling $1.5 million.

Loans receivable totaled $96.0 million at December 31, 2003, an increase of
$1.5 million, or 1.6%, from June 30, 2003 levels. The increase was due
primarily to loan disbursements of $16.2 million, which were partially
offset by principal repayments of $13.6 million and sales of $1.1 million
during the six-month period ended December 31, 2003. The volume of loan
disbursements during the six months ended December 31, 2003, decreased by
$1.4 million or 7.9%, compared to the same period in 2002, due primarily to
the current interest rate environment and local real estate market
conditions. The allowance for loan losses totaled $586,000 at December 31,
2003, as compared to $544,000 at June 30, 2003. Nonperforming loans totaled
$974,000 at December 31, 2003, as compared to $1.6 million at June 30,
2003. The allowance for loan losses represented 60.2% of nonperforming
loans as of December 31, 2003 and 33.1% at June 30, 2003. Nonperforming
loans at December 31, 2003, were comprised of one- to four-family
residential loans totaling $653,000 and consumer and commercial loans
totaling $321,000. Management believes all nonperforming loans were
adequately collateralized at December 31, 2003. Although management
believes that its allowance for loan losses at December 31, 2003, is
adequate based upon the available facts and circumstances, there can be no
assurance that additions to such allowance will not be necessary in future
periods, which could adversely affect the Corporation's results of
operations.

Deposits totaled $86.1 million at December 31, 2003, a decrease of $2.0
million, or 2.2%, compared to June 30, 2003 levels. The decrease was due
primarily to management's decision to refrain from pricing deposits at the
upper end of the competitive market place.

Stockholders' equity totaled $13.2 million at December 31, 2003, an
increase of $384,000, or 3.0%, over June 30, 2003 levels. The increase
resulted primarily from net earnings of $419,000 and the proceeds from
exercise of stock options totaling $278,000, which were partially offset by
repurchases of 10,405 shares of treasury stock at an aggregate price of
$142,000 and dividend payments on common stock totaling $183,000.


<PAGE>  11


                      Community Investors Bancorp, Inc.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                    AND RESULTS OF OPERATIONS (CONTINUED)

Discussion of Financial Condition Changes from June 30, 2003
------------------------------------------------------------
to December 31, 2003 (continued)
--------------------

The Bank is required to meet minimum capital standards promulgated by the
Office of Thrift Supervision ("OTS"). At December 31, 2003, the Bank's
capital was well in excess of such minimum capital requirements.

Comparison of Operating Results for the Six Month Periods Ended
---------------------------------------------------------------
December 31, 2003 and 2002
--------------------------

General
-------

The Corporation's net earnings totaled $419,000 for the six months ended
December 31, 2003, a decrease of $170,000, or 28.9%, compared to the
$589,000 of net earnings reported for the same period in 2002. The decrease
in earnings resulted primarily from a $209,000 increase in general,
administrative and other expense, coupled with a $77,000, or 4.0% decrease
in net interest income, which were partially offset by a $60,000, or 30.5%
increase in other income and a $88,000 decrease in the provision for
federal income taxes.

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

Interest income on loans decreased by $454,000, or 13.4%, during the six
months ended December 31, 2003, compared to the 2002 period, due primarily
to an 84 basis point decrease in the average yield, to 6.18% in the 2003
period. Interest income on investment and mortgage-backed securities and
interest-bearing deposits decreased by $91,000, or 24.5%, due to a 74 basis
point decrease in the average yield period to period, coupled with a
$573,000, or 2.5%, decrease in the average portfolio balance outstanding.

Interest expense on deposits decreased by $464,000, or 40.1%, during the
six months ended December 31, 2003, compared to the 2002 period, due
primarily to a 110 basis point decrease in the average cost of deposits
year to year, to 1.58% in the 2003 period, which was partially offset by a
$1.3 million, or 1.5%, increase in the average balance of deposits
outstanding. Interest expense on borrowings decreased by $4,000, due
primarily to a decrease in the weighted-average balance of Federal Home
Loan Bank advances outstanding. The decreases in the average yields on
interest-earning assets and average costs of interest-bearing liabilities
were due primarily to the overall decrease in interest rates in the
economy.

As a result of the foregoing changes in interest income and interest
expense, net interest income decreased by $77,000, or 4.0%, to a total of
$1.9 million for the six months ended December 31, 2003. The interest rate
spread amounted to 2.99% in the 2003 six month period, as compared to 2.91%
during the 2002 period, while the net interest margin totaled approximately
3.16% in 2003, as compared to 3.24% in 2002.

Provision for Losses on Loans
-----------------------------

A provision for losses on loans is charged to earnings to bring the total
allowance for loan losses to a level considered appropriate by management
based upon an analysis of historical experience, the volume and type of
lending conducted by the Bank, the status of past due principal and
interest payments, general economic conditions, particularly as such
conditions relate to the Bank's market area, and other factors related to
the collectibility of the Bank's loan portfolio. As a result of such
analysis, management recorded a $59,000 provision for losses on loans
during the six month period ended December 31, 2003, compared to $27,000 in
the comparable 2002 period. The current period provision was predicated
primarily upon management's ongoing assessment as to changes in the mix of
assets in the nonperforming loan portfolio. There can be no assurance that
the loan loss allowance of the Bank will be adequate to cover losses on
nonperforming loans in the future.


<PAGE>  12


                      Community Investors Bancorp, Inc.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                    AND RESULTS OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Six Month Periods Ended
---------------------------------------------------------------
December 31, 2003 and 2002 (continued)
--------------------------

Other Income
------------

Other income totaled $257,000 for the six months ended December 31, 2003,
an increase of $60,000, or 30.5%, compared to the same period in 2002. The
increase was due primarily to a $21,000, or 10.2% increase in other
operating income, due primarily to increases in service fees on deposit and
transaction accounts, coupled with a $30,000 gain on sale of loans. During
the last quarter of fiscal 2003 the Bank initiated a program to sell
certain long term fixed rate loans to the Federal Home Loan Bank of
Cincinnati.

General, Administrative and Other Expense
-----------------------------------------

General, administrative and other expense totaled $1.4 million for the six
months ended December 31, 2003, an increase of $209,000, or 17.3%, compared
to the same period in 2002. This increase resulted primarily from a
$116,000, or 18.3%, increase in employee compensation and benefits, a
$23,000, or 14.4%, increase in data and item processing and a $54,000
increase in franchise taxes, which were partially offset by a $12,000, or
3.9%, decrease in other operating expenses. The increase in employee
compensation and benefits was due primarily to increased pension plan
costs, increased health care costs, additional staffing required for the
Bank's growth initiatives, and normal merit increases year to year. The
increase in data processing resulted primarily from costs associated with
the Bank's expanded product lines, including Internet Banking and Bill
Payment. The decrease in other operating expense was due primarily to
absence of costs in the six month period ended December 31, 2003, which
were incurred in connection with the Bank's data processing conversion in
the 2002 period, partially offset by the expenses related to the
Corporation's overall growth year to year. The increase in franchise taxes
was due to the absence of tax refund claimed in the 2002 period.

Federal Income Taxes
--------------------

The provision for federal income taxes totaled $214,000 for the six months
ended December 31, 2003, a decrease of $88,000, or 29.1%, compared to the
same period in 2002. Net earnings before income taxes decreased by
$258,000, or 29.0%, compared to the six months ended December 31, 2002. The
effective tax rates were 33.8% and 33.9% for the six months ended December
31, 2003 and 2002, respectively.

Comparison of Operating Results for the Three Month Periods Ended
-----------------------------------------------------------------
December 31, 2003 and 2002
--------------------------

General
-------

The Corporation's net earnings totaled $182,000 for the three months ended
December 31, 2003, a decrease of $114,000, or 38.5%, compared to the
$296,000 of net earnings reported for the same period in 2002. The decrease
in earnings resulted primarily from a $129,000, or 21.1% increase in
general, administrative and other expense, coupled with a $35,000, or 3.6%
decrease in net interest income, which were partially offset by a $3,000,
or 2.8% increase in other income and a $59,000 decrease in the provision
for federal income taxes.


<PAGE>  13


                      Community Investors Bancorp, Inc.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                    AND RESULTS OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Three Month Periods Ended
-----------------------------------------------------------------
December 31, 2003 and 2002 (continued)
--------------------------

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

Interest income on loans decreased by $246,000, or 14.6%, during the three
months ended December 31, 2003, compared to the 2002 period, due primarily
to a 92 basis point decrease in the average yield, to 6.08% in the 2003
period. Interest income on investment and mortgage-backed securities and
interest-bearing deposits decreased by $24,000, or 14.3%, due to a 65 basis
point decrease in the average yield period to period, partially offset by a
$793,000, or 3.8%, increase in the average portfolio balance outstanding.

Interest expense on deposits decreased by $232,000, or 42.2%, during the
three months ended December 31, 2003, compared to the 2002 period, due
primarily to a 100 basis point decrease in the average cost of deposits
year to year, to 1.46% in the 2003 period, which was partially offset by a
$1.0 million, or 1.2%, increase in the average balance of deposits
outstanding. Interest expense on borrowings decreased by $3,000 due to a
$110,000 decrease in the weighted-average balance of Federal Home Loan Bank
advances outstanding. The decreases in the average yields on interest-
earning assets and average costs of interest-bearing liabilities were due
primarily to the overall decrease in interest rates in the economy.

As a result of the foregoing changes in interest income and interest
expense, net interest income decreased by $35,000, or 3.6%, to a total of
$939,000 for the three months ended December 31, 2003. The interest rate
spread amounted to 3.04% in the 2003 three month period, as compared to
2.96% during the 2002 period, while the net interest margin totaled
approximately 3.22% in 2003, as compared to 3.28% in 2002.

Provision for Losses on Loans
-----------------------------

A provision for losses on loans is charged to earnings to bring the total
allowance for loan losses to a level considered appropriate by management
based upon an analysis of historical experience, the volume and type of
lending conducted by the Bank, the status of past due principal and
interest payments, general economic conditions, particularly as such
conditions relate to the Bank's market area, and other factors related to
the collectibility of the Bank's loan portfolio. As a result of such
analysis, management recorded a $37,000 provision for losses on loans
during the three month period ended December 31, 2003, compared to $25,000
in the comparable 2002 period. The current period provision was predicated
primarily upon management's ongoing assessment as to changes in the mix of
assets in the nonperforming loan portfolio. There can be no assurance that
the loan loss allowance of the Bank will be adequate to cover losses on
nonperforming loans in the future.

Other Income
------------

Other income totaled $112,000 for the three months ended December 31, 2003,
an increase of $3,000, or 2.8%, compared to the same period in 2002. The
increase was due primarily to increases in service fees on deposit accounts
and transactions, coupled with a $4,000 gain on sale of loans, which were
partially offset by a $3,000, or 2.7% decrease in other operating income.


<PAGE>  14


                      Community Investors Bancorp, Inc.

         MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                    AND RESULTS OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Three Month Periods Ended
-----------------------------------------------------------------
December 31, 2003 and 2002 (continued)
--------------------------

General, Administrative and Other Expense
-----------------------------------------

General, administrative and other expense totaled $740,000 for the three
months ended December 31, 2003, an increase of $129,000, or 21.1%, compared
to the same period in 2002. This increase resulted primarily from an
$86,000, or 28.3%, increase in employee compensation and benefits, an
$11,000, or 12.9%, increase in data and item processing and a $9,000, or
20.9% increase in occupancy expense. The increase in employee compensation
and benefits was due primarily to increased pension plan costs, increased
health care costs, additional staffing required for the Bank's growth
initiatives, and normal merit increases year to year. The increase in data
processing resulted primarily from costs associated with the Bank's
expanded product lines, including Internet Banking and Bill Payment. The
increase in occupancy expense was due primarily to the operation of two new
branch facilities during the 2003 period.

Federal Income Taxes
--------------------

The provision for federal income taxes totaled $92,000 for the three months
ended December 31, 2003, a decrease of $59,000, or 39.1%, compared to the
same period in 2002. Net earnings before income taxes decreased by
$173,000, or 38.7%, compared to the three months ended December 31, 2002.
The effective tax rates were 33.6% and 33.8% for the three months ended
December 31, 2003 and 2002, respectively.

Quantitative and Qualitative Disclosure About Market Risk
---------------------------------------------------------

There has been no significant change from disclosures included in the
Company's Annual Report on Form 10-KSB for the period ended June 30, 2003.

ITEM 3                     CONTROLS AND PROCEDURES

      (a)   The Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of the Company's disclosure controls and
procedures (as defined under Rules 13a-14 and 15d-14 of the Securities
Exchange Act of 1934, as amended) as of a date within ninety days of the
filing date of this quarterly report on Form 10-QSB. Based upon that
evaluation, the Chief Executive Officer and Chief Financial Officer have
concluded that the Company's disclosure controls and procedures are
effective.

      (b)   There were no significant changes in the Company's internal
controls or in any factors that could significantly affect these controls
subsequent to the date of the Chief Executive Officer and the Chief
Financial Officer's evaluation.


<PAGE>  15


                      Community Investors Bancorp, Inc.

                                   PART II


ITEM 1.     Legal Proceedings
            -----------------

            Not applicable


ITEM 2.     Changes in Securities and Use of Proceeds
            -----------------------------------------

            Not applicable


ITEM 3.     Defaults Upon Senior Securities
            -------------------------------

            Not applicable


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
            --------------------------------

            Reports on Form 8-K:

            Exhibits:

               31.1      Written Statement of Chief Executive Officer
                         furnished Pursuant to Section 302 of the
                         Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350
               31.2      Written Statement of Chief Financial Officer
                         furnished Pursuant to Section 302 of the
                         Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350
               32.1      Written Statement of Chief Executive Officer
                         furnished Pursuant to Section 906 of the
                         Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350
               32.2      Written Statement of Chief Financial Officer
                         furnished Pursuant to Section 906 of the
                         Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350


<PAGE>  16


                      Community Investors Bancorp, Inc.

                                 SIGNATURES
                                 ----------


Pursuant to the requirements 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.




Date: February 12, 2004                By: /s/Phillip W. Gerber
      -----------------------              -------------------------------
                                           Phillip W. Gerber
                                           President and Chief
                                           Executive Officer


Date: February 12, 2004                By: /s/Robert W. Siegel
      -----------------------              -------------------------------
                                           Robert W. Siegel
                                           Vice President,
                                           Chief Financial Officer


<PAGE>  17