UNITED STATES
SECURITIES AND EXCHANGE COMMISSION



(Mark One)



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

For the quarterly period ended September 30, 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 0-6835



IRWIN FINANCIAL CORPORATION



INDIANA(State or other jurisdiction of Incorporation or organization)

35-1286807(IRS Employer Identification No.)

500 Washington Street, Columbus, IN  47201(Address or principal executive offices)
(Zip Code)



812-376-1909(Registrant's telephone number, including area code)
(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 for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes __X__   No _____

As of November 7, 2000 there were outstanding 21,016,114 common shares, no par value, of the Registrant.

Part 1

Item 1

|                                                                                                  |                    |  |                  
|------------------------------------------------------------------------------------------------- | ------------------ |  | -----------------
|IRWIN
      FINANCIAL CORPORATION AND SUBSIDIARIES                                                |                    |  |                  
|CONSOLIDATED
      BALANCE SHEET (Unaudited)                                                      |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|(In thousands,
      except for shares)                                                           | September 30,      |  | December 31,     
|Assets:                                                                                           | 2000               |  | 1999             
|Cash and cash
      equivalents                                                                   | $
      65,672     |  | $
      47,215   
|Interest-bearing
      deposits with financial institutions                                       | 35,408             |  | 26,785           
|Trading assets                                                                                    | 104,315            |  | 59,025           
|Investment
      securities (Market value: $36,416 in 2000 and $37,464 in 1999) - Note 2          | 36,822             |  | 37,508           
|Loans held for
      sale - Note 3                                                                | 490,690            |  | 508,997          
|Loans and leases,
      net of unearned income - Note 4                                           | 1,117,746          |  | 733,424          
|Less: Allowance
      for loan and lease losses - Note 5                                          | (12,629)           |  | (8,555)          
|                                                                                                  | 1,105,117          |  | 724,869          
|Servicing assets
      - Note 6                                                                   | 140,966            |  | 138,500          
|Accounts
      receivable                                                                         | 59,011             |  | 49,415           
|Accrued interest
      receivable                                                                 | 13,731             |  | 8,430            
|Premises and
      equipment                                                                      | 29,373             |  | 23,368           
|Other assets                                                                                      | 69,017             |  | 56,735           
|                                                                                                  | $
      2,150,122  |  | $
      1,680,847
|Liabilities
      and Shareholders' Equity:                                                       |                    |  |                  
|Deposits                                                                                          |                    |  |                  
|Noninterest-bearing                                                                               | $
      274,888    |  | $
      218,402  
|Interest-bearing                                                                                  | 487,614            |  | 411,400          
|Certificates of
      deposit over $100,000                                                       | 557,662            |  | 240,516          
|                                                                                                  | 1,320,164          |  | 870,318          
|Short-term
      borrowings- Note 7                                                               | 442,338            |  | 473,103          
|Long-term debt-
      Note 8                                                                      | 29,596             |  | 29,784           
|Other liabilities                                                                                 | 128,834            |  | 100,275          
|Total liabilities                                                                                 | 1,920,932          |  | 1,473,480        
|                                                                                                  |                    |  |                  
|Commitments and
      contingencies - Note 11                                                     |                    |  |                  
|                                                                                                  |                    |  |                  
|Company-obligated
      mandatorily redeemable                                                    |                    |  |                  
|preferred
      securities of subsidiary trust- Note 9                                            | 48,125             |  | 48,071           
|                                                                                                  |                    |  |                  
|Shareholders'
      equity                                                                        |                    |  |                  
|Preferred stock,
      no par value - authorized                                                  |                    |  |                  
|4,000,000 shares;
      issued 96,336 shares as of September 30, 2000 and                         |                    |  |                  
|none as of
      December 31, 1999                                                                | 1,386              |  | -                
|Common stock; no
      par value - authorized 40,000,000 shares;                                  |                    |  |                  
|issued 23,402,080
      shares as of September 30, 2000 and December 31, 1999;                    |                    |  |                  
|including
      2,397,764 and 2,297,303 shares in treasury as of September 30,                    |                    |  |                  
|2000 and December
      31, 1999 respectively                                                     | 29,965             |  | 29,965           
|Additional
      paid-in capital                                                                  | 4,311              |  | 4,250            
|Accumulated other
      comprehensive income                                                      | (160)              |  | (70)             
|Retained earnings                                                                                 | 193,440            |  | 171,101          
|                                                                                                  | 228,942            |  | 205,246          
|Less treasury
      stock, at cost                                                                | (47,877)           |  | (45,950)         
|Total
      shareholders' equity                                                                  | 181,065            |  | 159,296          
|                                                                                                  | $
      2,150,122  |  | $
      1,680,847
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|The
      accompanying notes are an integral part of the consolidated financial
      statements. |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|IRWIN
      FINANCIAL CORPORATION AND SUBSIDIARIES                                                |                    |  |                  
|CONSOLIDATED
      STATEMENT OF INCOME (Unaudited)                                                |                    |  |                  
|                                                                                                  | Three Months Ended
|                                                                                                  | September 30,     
|(In thousands,
      except for per share)                                                        | 2000               |  | 1999             
|Interest
      income:                                                                            |                    |  |                  
|Loans and leases                                                                                  | $
      24,435     |  | $
      13,724   
|Investment
      securities:                                                                      |                    |  |                  
|Taxable                                                                                           | 1,145              |  | 948              
|Tax-exempt                                                                                        | 64                 |  | 64               
|Loans held for
      sale                                                                         | 18,449             |  | 15,175           
|Trading account                                                                                   | 3,520              |  | 1,651            
|Federal funds
      sold                                                                          | 22                 |  | 87               
|Total interest
      income                                                                       | 47,635             |  | 31,649           
|Interest
      expense:                                                                           |                    |  |                  
|Deposits                                                                                          | 14,716             |  | 6,107            
|Short-term
      borrowings                                                                       | 10,264             |  | 6,540            
|Long-term debt                                                                                    | 605                |  | 456              
|Total interest
      expense                                                                      | 25,585             |  | 13,103           
|Net interest
      income                                                                         | 22,050             |  | 18,546           
|Provision for
      loan and lease losses - Note 5                                                | 1,356              |  | 364              
|Net interest
      income after provision for                                                     |                    |  |                  
|loan and lease
      losses                                                                       | 20,694             |  | 18,182           
|Other income:                                                                                     |                    |  |                  
|Loan origination
      fees                                                                       | 13,854             |  | 13,327           
|Gain from sale of
      loans                                                                     | 24,625             |  | 19,334           
|                                                                                                  |                    |  |                  
|Loan servicing
      fees                                                                         | 14,857             |  | 14,510           
|Amortization and
      impairment of servicing assets                                             | 10,234             |  | 6,454            
|Net loan
      administration income                                                              | 4,623              |  | 8,056            
|Gain on sale of
      mortgage servicing assets                                                   | 8,709              |  | 3,557            
|Trading gains
      (losses)                                                                      | 1,832              |  | (744)            
|Brokerage fees
      and commissions                                                              | 535                |  | 353              
|Trust fees                                                                                        | 538                |  | 543              
|Service charges
      on deposit accounts                                                         | 498                |  | 443              
|Insurance
      commissions, fees and premiums                                                    | 1,303              |  | 1,430            
|Other                                                                                             | 1,957              |  | 634              
|                                                                                                  | 58,474             |  | 46,933           
|Other expense:                                                                                    |                    |  |                  
|Salaries                                                                                          | 32,284             |  | 28,470           
|Pension and other
      employee benefits                                                         | 4,916              |  | 4,517            
|Office expense                                                                                    | 3,508              |  | 3,484            
|Premises and
      equipment                                                                      | 7,039              |  | 5,825            
|Marketing and
      development                                                                   | 3,618              |  | 2,041            
|Other                                                                                             | 11,383             |  | 5,161            
|                                                                                                  | 62,748             |  | 49,498           
|Income before
      income taxes                                                                  | 16,420             |  | 15,617           
|Provision for
      income taxes                                                                  | 6,118              |  | 5,732            
|                                                                                                  | 10,302             |  | 9,885            
|Distribution on
      company-obligated mandatorily                                               |                    |  |                  
|redeemable
      preferred securities of subsidiary trust                                         | 1,174              |  | 1,174            
|Net income
      available to common shareholders                                                 | $
      9,128      |  | $
      8,711    
|                                                                                                  |                    |  |                  
|Earnings per
      share of common stock available to shareholders:                               |                    |  |                  
|Basic - Note 10                                                                                   | $
      0.43       |  | $
      0.41     
|Diluted - Note 10                                                                                 | $
      0.43       |  | $
      0.40     
|Dividends per
      share of common stock                                                         | $
      0.06       |  | $
      0.05     
|                                                                                                  |                    |  |                  
|The
      accompanying notes are an integral part of the consolidated financial
      statements. |                    |  |                  
|                                                                                                  |                    |  |                  
|                                                                                                  |                    |  |                  
|IRWIN
      FINANCIAL CORPORATION AND SUBSIDIARIES                                                |                    |  |                  
|CONSOLIDATED
      STATEMENT OF INCOME (Unaudited)                                                |                    |  |                  
|                                                                                                  | Nine Months Ended  |  |                  
|                                                                                                  | September 30,      |  |                  
|(In thousands,
      except for per share)                                                        | 2000               |  | 1999             
|Interest
      income:                                                                            |                    |  |                  
|Loans and leases                                                                                  | $
      63,967     |  | $
      37,954   
|Investment
      securities:                                                                      |                    |  |                  
|Taxable                                                                                           | 3,073              |  | 2,934            
|Tax-exempt                                                                                        | 192                |  | 206              
|Loans held for
      sale                                                                         | 50,097             |  | 47,588           
|Trading account                                                                                   | 8,685              |  | 4,526            
|Federal funds
      sold                                                                          | 115                |  | 505              
|Total interest
      income                                                                       | 126,129            |  | 93,713           
|Interest
      expense:                                                                           |                    |  |                  
|Deposits                                                                                          | 34,725             |  | 17,527           
|Short-term
      borrowings                                                                       | 25,763             |  | 21,381           
|Long-term debt                                                                                    | 1,768              |  | 551              
|Total interest
      expense                                                                      | 62,256             |  | 39,459           
|Net interest
      income                                                                         | 63,873             |  | 54,254           
|Provision for
      loan and lease losses - Note 5                                                | 3,610              |  | 3,895            
|Net interest
      income after provision for                                                     |                    |  |                  
|loan and lease
      losses                                                                       | 60,263             |  | 50,359           
|Other income:                                                                                     |                    |  |                  
|Loan origination
      fees                                                                       | 37,250             |  | 41,670           
|Gain from sale of
      loans                                                                     | 58,115             |  | 74,994           
|                                                                                                  |                    |  |                  
|Loan servicing
      fees                                                                         | 44,781             |  | 45,885           
|Amortization and
      impairment of servicing assets                                             | 23,044             |  | 12,512           
|Net loan
      administration income                                                              | 21,737             |  | 33,373           
|Gain on sale of
      mortgage servicing assets                                                   | 14,432             |  | 6,386            
|Trading gains
      (losses)                                                                      | 10,123             |  | (11,130)         
|Brokerage fees
      and commissions                                                              | 1,567              |  | 1,116            
|Trust fees                                                                                        | 1,703              |  | 1,663            
|Service charges
      on deposit accounts                                                         | 1,410              |  | 1,290            
|Insurance
      commissions, fees and premiums                                                    | 3,858              |  | 2,831            
|Other                                                                                             | 11,296             |  | 2,801            
|                                                                                                  | 161,491            |  | 154,994          
|Other expense:                                                                                    |                    |  |                  
|Salaries                                                                                          | 87,766             |  | 85,877           
|Pension and other
      employee benefits                                                         | 15,839             |  | 14,500           
|Office expense                                                                                    | 10,021             |  | 9,899            
|Premises and
      equipment                                                                      | 20,144             |  | 17,297           
|Marketing and
      development                                                                   | 12,331             |  | 7,180            
|Other                                                                                             | 28,619             |  | 24,573           
|                                                                                                  | 174,720            |  | 159,326          
|Income before
      income taxes                                                                  | 47,034             |  | 46,027           
|Provision for
      income taxes                                                                  | 17,397             |  | 17,208           
|                                                                                                  | 29,637             |  | 28,819           
|Distribution on
      company-obligated mandatorily                                               |                    |  |                  
|redeemable
      preferred securities of subsidiary trust                                         | 3,523              |  | 3,523            
|Net income
      available to common shareholders                                                 | $
      26,114     |  | $
      25,296   
|                                                                                                  |                    |  |                  
|Earnings per
      share of common stock available to shareholders:                               |                    |  |                  
|Basic - Note 10                                                                                   | $
      1.24       |  | $
      1.17     
|Diluted - Note 10                                                                                 | $
      1.23       |  | $
      1.15     
|Dividends per
      share of common stock                                                         | $
      0.18       |  | $
      0.15     
|                                                                                                  |                    |  |                  
|The
      accompanying notes are an integral part of the consolidated financial
      statements. |                    |  |                  
|                                                                                                  |                    |  |                  

|IRWIN
      FINANCIAL CORPORATION AND SUBSIDIARIES                                                |          |          |               |         |               |           |              
|------------------------------------------------------------------------------------------------- | -------- | -------- | ------------- | ------- | ------------- | --------- | -------------
|CONSOLIDATED
      STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY                                   |          |          |               |         |               |           |              
|FOR
      THE THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999                                      |          |          |               |         |               |           |              
|(Unaudited)                                                                                       |          |          |               |         |               |           |              
|                                                                                                  |          |          | Accumulated   |         |               |           |              
|                                                                                                  |          |          | Other         |         | Additional    |           |              
|                                                                                                  |          | Retained | Comprehensive | Common  | Paid in       | Treasury  | Preferred    
|(In thousands)                                                                                    | Total    | Earnings | Income        | Stock   | Capital       | Stock     | Stock        
|                                                                                                  |          |          |               |         |               |           |              
|Balance
      at July 1, 2000                                                                     | $172,817 | $185,570 | $
      (105) | $29,965 | $
      4,334 | $(48,333) | $
      1,386
|Comprehensive
      income:                                                                       |          |          |               |         |               |           |              
|Net
      income                                                                                  | 9,128    | 9,128    |               |         |               |           |              
|Unrealized
      gains/losses on investment securities                                            | 45       |          | 45            |         |               |           |              
|Foreign
      currency adjustment                                                                 | (100)    |          | (100)         |         |               |           |              
|Total                                                                                             | 9,073    |          |               |         |               |           |              
|Cash
      dividends                                                                              | (1,258)  | (1,258)  |               |         |               |           |              
|Purchase
      of treasury stock                                                                  | (30)     |          |               |         |               | (30)      |              
|Sales
      of treasury stock                                                                     | 463      |          |               |         | (23)          | 486       |              
|Preferred
      stock issued                                                                      | -        |          |               |         |               |           |              
|Balance
      September 30, 2000                                                                  | $181,065 | $193,440 | $
      (160) | $29,965 | $
      4,311 | $(47,877) | $
      1,386
|                                                                                                  |          |          |               |         |               |           |              
|Balance
      at July 1, 1999                                                                     | $152,750 | $156,655 | $
      (9)   | $29,965 | $
      1,519 | $(35,380) | $
      -    
|Comprehensive
      income:                                                                       |          |          |               |         |               |           |              
|Net
      income                                                                                  | 8,711    | 8,711    |               |         |               |           |              
|Unrealized
      gains/losses on investment securities                                            | (4)      |          | (4)           |         |               |           |              
|Total                                                                                             | 8,707    |          |               |         |               |           |              
|Cash
      dividends                                                                              | (1,073)  | (1,073)  |               |         |               |           |              
|Purchase
      of treasury stock                                                                  | (4,616)  |          |               |         |               | (4,616)   |              
|Sales
      of treasury stock                                                                     | 2,987    |          |               |         | 2,558         | 429       |              
|Balance
      September 30, 1999                                                                  | $158,755 | $164,293 | $
      (13)  | $29,965 | $
      4,077 | $(39,567) | $
      -    
|                                                                                                  |          |          |               |         |               |           |              
|The
      accompanying notes are an integral part of the consolidated financial
      statements.
|                                                                                                  |          |          |               |         |               |           |              
|FOR
      THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999                                       |          |          |               |         |               |           |              
|(Unaudited)                                                                                       |          |          |               |         |               |           |              
|                                                                                                  |          |          | Accumulated   |         |               |           |              
|                                                                                                  |          |          | Other         |         | Additional    |           |              
|                                                                                                  |          | Retained | Comprehensive | Common  | Paid in       | Treasury  | Preferred    
|(In thousands)                                                                                    | Total    | Earnings | Income        | Stock   | Capital       | Stock     | Stock        
|                                                                                                  |          |          |               |         |               |           |              
|Balance
      at January 1, 2000                                                                  | $159,296 | $171,101 | $
      (70)  | $29,965 | $
      4,250 | $(45,950) | $
      -    
|Comprehensive
      income:                                                                       |          |          |               |         |               |           |              
|Net
      income                                                                                  | 26,114   | 26,114   |               |         |               |           |              
|Unrealized
      gains/losses on investment securities                                            | 10       |          | 10            |         |               |           |              
|Foreign
      currency adjustment                                                                 | (100)    |          | (100)         |         |               |           |              
|Total                                                                                             | 26,024   |          |               |         |               |           |              
|Cash
      dividends                                                                              | (3,775)  | (3,775)  |               |         |               |           |              
|Purchase
      of treasury stock                                                                  | (3,414)  |          |               |         |               | (3,414)   |              
|Sales
      of treasury stock                                                                     | 1,548    |          |               |         | 61            | 1,487     |              
|Preferred
      stock issued                                                                      | 1,386    |          |               |         |               |           | 1,386        
|Balance
      September 31, 2000                                                                  | $181,065 | $193,440 | $
      (160) | $29,965 | $
      4,311 | $(47,877) | $
      1,386
|                                                                                                  |          |          |               |         |               |           |              
|Balance
      at January 1, 1999                                                                  | $145,233 | $142,232 | $
      85    | $29,965 | $
      2,595 | $(29,644) | $
      -    
|Comprehensive
      income:                                                                       |          |          |               |         |               |           |              
|Net
      income                                                                                  | 25,296   | 25,296   |               |         |               |           |              
|Unrealized
      gains/losses on investment securities                                            | (98)     |          | (98)          |         |               |           |              
|Total                                                                                             | 25,198   |          |               |         |               |           |              
|Cash
      dividends                                                                              | (3,235)  | (3,235)  |               |         |               |           |              
|Purchase
      of treasury stock                                                                  | (11,735) |          |               |         |               | (11,735)  |              
|Sales
      of treasury stock                                                                     | 3,294    |          |               |         | 1,482         | 1,812     |              
|Balance
      September 30, 1999                                                                  | $158,755 | $164,293 | $
      (13)  | $29,965 | $
      4,077 | $(39,567) | $
      -    
|                                                                                                  |          |          |               |         |               |           |              
|The
      accompanying notes are an integral part of the consolidated financial
      statements.

|                                                                                            |                |  |                
|------------------------------------------------------------------------------------------- | -------------- |  | ---------------
|IRWIN FINANCIAL
      CORPORATION AND SUBSIDIARIES                                          |                |  |                
|CONSOLIDATED STATEMENT OF
      CASH FLOWS (Unaudited)                                      |                |  |                
|                                                                                            |                |  |                
|For the nine months ended
      September 30,                                               | 2000           |  | 1999           
|(In thousands)                                                                              |                |  |                
|Net income                                                                                  | $
      26,114 |  | $
      25,296 
|Adjustments to reconcile
      net income to cash provided                                  |                |  |                
|by operating activities:                                                                    |                |  |                
|Depreciation and amortization                                                               | 6,675          |  | 5,560          
|Amortization and impairment
      of servicing assets                                       | 23,044         |  | 12,512         
|Provision for loan and lease
      losses                                                   | 3,610          |  | 3,895          
|Amortization of premiums,
      less accretion of discounts                                 | (80)           |  | 1,085          
|Decrease in loans held for
      sale                                                       | 18,307         |  | 425,780        
|Gain on sale of mortgage
      servicing assets                                             | (14,432)       |  | (6,386)        
|Net increase in trading
      assets                                                        | (45,290)       |  | (14,967)       
|Other, net                                                                                  | (4,257)        |  | 9,505          
|Net cash provided by
      operating activities                                             | 13,691         |  | 462,280        
|                                                                                            |                |  |                
|Lending and investing
      activities:                                                     |                |  |                
|Proceeds from
      maturities/calls of investment securities:                              |                |  |                
|Held-to-Maturity                                                                            | 1,035          |  | 8,495          
|Available-for-Sale                                                                          | (1)            |  | 3,317          
|Purchase of investment
      securities:                                                    |                |  |                
|Held-to-Maturity                                                                            | (251)          |  | -              
|Available-for-Sale                                                                          | -              |  | (5,944)        
|Net increase in
      interest-bearing                                                      |                |  |                
|deposits with financial
      institutions                                                  | (8,623)        |  | (12,296)       
|Net increase in loans,
      excluding sales                                                | (341,969)      |  | (140,293)      
|Sale of loans                                                                               | 18,919         |  | 22,928         
|Additions to mortgage
      servicing assets                                                | (42,549)       |  | (96,541)       
|Proceeds from sale of
      mortgage servicing assets                                       | 31,471         |  | 86,412         
|Acquisition of Onset Capital
      Corporation, net of cash acquired                        | (837)          |  | -              
|Other, net                                                                                  | (10,144)       |  | (4,100)        
|Net cash used by lending and
      investing activities                                     | (352,949)      |  | (138,022)      
|                                                                                            |                |  |                
|Financing activities:                                                                       |                |  |                
|Net increase (decrease) in
      deposits                                                   | 449,846        |  | (133,278)      
|Net decrease in short-term
      borrowings                                                 | (87,642)       |  | (181,761)      
|Prodeeds from long-term debt                                                                | -              |  | 30,000         
|Repayments of long-term debt                                                                | (223)          |  | (2,400)        
|Issuance of preferred stock                                                                 | 1,386          |  | -              
|Purchase of treasury stock                                                                  | (3,414)        |  | (11,735)       
|Proceeds from sale of stock
      for employee benefit plans                                | 1,548          |  | 3,294          
|Dividends paid                                                                              | (3,775)        |  | (3,235)        
|Net cash provided (used) by
      financing activities                                      | 357,726        |  | (299,115)      
|Effect of exchange rate
      changes on cash                                               | (11)           |  | -              
|Net increase (decrease) in
      cash and cash equivalents                                  | 18,457         |  | 25,143         
|Cash and cash equivalents at
      beginning of period                                      | 47,215         |  | 77,522         
|Cash and cash equivalents at
      end of period                                            | $
      65,672 |  | $
      102,665
|                                                                                            |                |  |                
|Supplemental disclosures
      of cash flow information:                                    |                |  |                
|Cash paid during the period:                                                                |                |  |                
|Interest                                                                                    | $
      55,454 |  | $
      38,816 
|Income taxes                                                                                | $
      4,364  |  | $
      8,219  
|                                                                                            |                |  |                
|The accompanying notes are
      an integral part of the consolidated financial statements. |                |  |                
|                                                                                            |                |  |                

|NOTES TO THE
      FINANCIAL STATEMENTS (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 1 -
      SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Basis of Presentation:The
      interim financial data as of September 30, 2000 and for the three and nine
      month periods ended September 30, 2000 and September 30, 1999 is unaudited;
      however, in the opinion of Management, the interim data includes all
      adjustments, consisting only of normal recurring adjustments, necessary
      for a fair statement of the results for the interim periods. The
      accompanying financial statements should be read in conjunction with the
      financial statements and related notes included with the Corporation's
      Annual Report on Form 10-K for the year ended December 31, 1999.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Reclassifications:
      Certain amounts in the 1999 consolidated financial statements have been
      reclassified to conform to the 2000 presentation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Derivatives:On June
      15, 1998, the Financial Accounting Standards Board (FASB) issuedStatement
      of Financial Accounting Standards No. 133, "Accounting for Derivative
      Instruments and Hedging Activities" (FAS 133). FAS 133 requires that
      all derivative instruments be recorded on the balance sheet at their fair
      value. Changes in the market value of derivatives would be recorded each
      period in current earnings or other comprehensive income, depending on
      whether a derivative is designated as part of a hedge transaction and, if
      it is, the type of hedge transaction. In June 1999, the FASB issued SFAS
      No. 137, "Accounting for Derivative Instruments and Hedging
      Activities - Deferral of the Effective Date of FASB Statement No.
      133," deferring its effective date to fiscal years beginning after
      June 15, 2000. In June 2000, the FASB issued SFAS No. 138,
      "Accounting for Certain Derivative Instruments and Certain Hedging
      Activities" amending SFAS 133. The Corporation will adopt SFAS 133 on
      January 1, 2001. Because of the Corporation's limited use of derivatives,
      Management does not believe the adoption of this statement will have a
      material impact on it financial position or results of operations.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Derivative instruments on the
      Corporation's balance sheet are currently classified as trading assets and
      carried at market value. Changes in market value are recorded as trading
      gains or losses on the income statement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Trading Assets: Trading
      assets are stated at fair value. Unrealized gains and losses are included
      in earnings. Included in trading assets are interest-only strips. Market
      values for interest-only strips are determined using assumptions about the
      duration and performance of the securitized loans and are calculated on
      the basis of the expected timing of cash receipts by the company. Included
      in these assumptions are estimates of the lives of the loans, expected
      losses, and appropriate discount rates. Management continually evaluates
      these assumptions to determine the proper carrying values of these items
      on the balance sheet. Adjustments to carrying values are recorded as
      trading gains or losses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Foreign
      Currency: Assets and liabilities of foreign entities, where the local
      currency is the functional currency, have been translated at quarter-end
      exchange rates, and income and expenses have been translated to U.S.
      dollars at average-period rates. Adjustments resulting from translation
      have been recorded in accumulated other comprehensive income as a
      component of shareholders' equity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|NOTE 2 - INVESTMENT
      SECURITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|The carrying amounts of
      investment securities, including net unrealized losses of $100 thousand
      and $117 thousand on available-for-sale securities at September 30, 2000
      and December 31, 1999, respectively, are summarized as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Held-to-Maturity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|US Treasury and Government
      obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 
|Obligations of states and
      political subdivisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Mortgage-backed securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 
|Corporate Obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 
|Total Held-to-Maturity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Available-for-Sale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 
|US Treasury and Government
      obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 
|Mortgage-backed securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 
|Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 
|Total Available-for-Sale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Total Investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Securities which the
      Corporation has the positive intent and ability to hold until maturity are
      classified as "held-to-maturity" and are stated at cost adjusted
      for amortization of premium and accretion of discount. Securities that
      might be sold prior to maturity are classified as
      "available-for-sale" and are stated at fair value. Unrealized
      gains and losses on available-for-sale securities, net of the future tax
      impact, are reported as a separate component of shareholders' equity until
      realized.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 3 - LOANS HELD FOR
      SALE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Loans held for sale are stated
      at the lower of cost or market as of the balance sheet date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 4 - LOANS AND LEASES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Loans and leases are
      summarized as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Commercial, financial and
      agricultural                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 
|Real estate-construction                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|Real estate-mortgage                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 
|Consumer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|Direct financing leases                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|Unearned income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 5 -
      ALLOWANCE FOR LOAN AND LEASE LOSSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Changes in the
      allowance for loan and lease losses are summarized as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Balance at beginning of
      period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Acquisition of Onset Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 
|Provision for loan and lease
      losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|Reduction due to sale of
      loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 
|Reduction due to
      reclassification of loans to held for sale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Recoveries                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 
|Charge-offs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 
|Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Balance at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 6- SERVICING ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Included on the consolidated
      balance sheet at September 30, 2000 and December 31, 1999 are $141.0
      million and $138.5 million, respectively, of servicing assets. These
      amounts relate to the principal balances of loans serviced by the
      Corporation for investors. Although they are not generally held for sale,
      there is an active secondary market for servicing assets. The Corporation
      has periodically sold servicing assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Mortgage Servicing Asset:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|Beginning Balance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Additions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|Amortization and impairment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 
|Reduction for servicing sales                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 7- SHORT-TERM
      BORROWINGS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Short-term borrowings are
      summarized as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Federal funds and Federal
      Home Loan Bank borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|Lines of Credit and Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|Repurchase agreements and
      drafts payable related to                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|mortgage loan closings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Commercial paper                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Repurchase agreements at
      December 31, 1999, include $0.7 million in mortgage loans sold under
      agreements to repurchase which are used to fund mortgage loans sold prior
      to sale in the secondary market. These repurchase agreements are
      collateralized by mortgage loans held for sale.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Drafts payable related to
      mortgage loan closings totaled $73.6 million and $46.1 million at
      September 30, 2000 and December 31, 1999, respectively. These borrowings
      are related to mortgage closings at the end of the period which have not
      been presented to banks for payment. When presented for payment these
      borrowings will be funded internally or by borrowing from the lines of
      credit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|The Corporation has lines of
      credit available to fund mortgage loans held for sale. Interest on the
      lines of credit is payable monthly at variable rates ranging from 7.13% to
      the lender's prime rate at September 30, 2000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE
      8 -- LONG-TERM DEBT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Long-term debt at September
      30, 2000 consists of a note payable of $30.0 million with an interest rate
      of 7.58% that will mature on July 7, 2014. The note is shown on the
      balance sheet net of capitalized issuance costs.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 9 -- COMPANY-OBLIGATED
      MANDATORILY REDEEMABLE PREFERRED SECURITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|OF SUBSIDIARY
      TRUST                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|In January 1997, the
      Corporation issued $50 million of trust preferred securities through IFC
      Capital Trust I, a trust created and controlled by the Corporation. The
      securities were issued at $25 per share with a cumulative dividend rate of
      9.25% payable quarterly. They have an initial maturity of 30 years with a
      19-year extension option. The securities are callable at par after five
      years from issuance, or immediately, in the event of an adverse tax
      development affecting the Corporation's classification of the securities
      for federal income tax purposes. They are not convertible into common
      stock of the Corporation. The securities are shown on the balance sheet
      net of capitalized issuance costs.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|The sole assets of IFC Capital
      Trust I are subordinated debentures of the Corporation with a principal
      balance of $51.5 million, an interest rate of 9.25% and an initial
      maturity of 30 years with a 19-year extension option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE
      10 -- EARNINGS PER SHARE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Earnings per share
      calculations are summarized as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|(In thousands, except
      share data)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|Three months ended
      September 30, 2000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 
|Net income available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Per-Share Amount available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Nine months ended
      September 30, 2000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 
|Net income available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Per-Share Amount available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Three months ended
      September 30, 1999                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 
|Net income available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Per-Share Amount available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|Six months ended September
      30, 1999                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 
|Net income available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 
|Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 
|Per-Share Amount available to
      common shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE 11 -- CONTINGENCIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|In the normal course of
      business, Irwin Financial Corporation and its subsidiaries are subject to
      various claims and other pending and possible legal actions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Irwin Mortgage Corporation (IMC)
      is a defendant in a class action lawsuit relating to IMC's payment of
      broker fees to mortgage brokers. The litigation is pending on appeal
      before the U. S. Court of Appeals for the 11th Circuit for review of the
      class certification. Because the case is in the early stages of
      litigation, the Corporation is unable at this time to form a reasonable
      estimate of the amount of potential loss, if any, that the Corporation
      could suffer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|NOTE
      12 -- INDUSTRY SEGMENT INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|The Corporation has five
      principal segments that provide a broad range of financial services
      throughout the United States. The Mortgage Banking line of business
      originates, sells and services residential first mortgage loans. The Home
      Equity Lending line of business originates and services home equity loans.
      The Commercial Banking line of business provides commercial banking
      services. The Equipment Leasing line of business leases commercial
      equipment. The Venture Capital line of business invests in early-stage
      financial services-oriented technology companies. Other consists primarily
      of the parent company including eliminations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 
|The accounting policies of
      each segment are the same as those described in the "Summary of
      Significant Accounting Policies". Below is a summary of each
      segment's revenues, net income, and assets for 2000 and 1999:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             



|                                                    | Mortgage       | Home Equity     | Commercial      | Equipment       | Venture       |                 |                  
|--------------------------------------------------- | -------------- | --------------- | --------------- | --------------- | ------------- | --------------- | -----------------
|(In thousands)                                      | Banking        | Lending         | Banking         | Leasing         | Capital       | Other           | Consolidated     
|For the three
      months ended September 30, 2000 |                |                 |                 |                 |               |                 |                  
|Net interest
      income, net of provision         | $
      5,494  | $
      7,927   | $
      8,103   | $
      638     | $
      (244) | $
      (1,224) | $
      20,694   
|Intersegment
      interest                         | (2,127)        | (487)           | 1,603           | (13)            | -             | 1,024           | -                
|Other revenue                                       | 21,190         | 20,181          | 2,919           | 504             | (13)          | 13,693          | 58,474           
|Intersegment
      revenues                         | 12,239         | -               | 43              | -               | 100           | (12,382)        | -                
|Total net
      revenues                            | 36,796         | 27,621          | 12,668          | 1,129           | (157)         | 1,111           | 79,168           
|Other expense                                       | 29,999         | 20,233          | 4,320           | 1,653           | 121           | 6,422           | 62,748           
|Intersegment
      expenses                         | 538            | 153             | 4,931           | 2               | -             | (5,624)         | -                
|Net income before
      taxes                       | 6,259          | 7,235           | 3,417           | (526)           | (278)         | 313             | 16,420           
|Income taxes                                        | 2,398          | 2,745           | 1,167           | 15              | (112)         | (95)            | 6,118            
|                                                    | 3,861          | 4,490           | 2,250           | (541)           | (166)         | 408             | 10,302           
|Distribution on
      Preferred Securities          | 166            | 529             | 453             | 26              | -             | -               | 1,174            
|Net income
      available to shareholders          | $
      3,695  | $
      3,961   | $
      1,797   | $
      (567)   | $
      (166) | $
      408     | $
      9,128    
|Assets at
      September 30, 2000                  | $564,846       | $
      405,173 | $1,061,797      | $132,388        | $15,053       | $(29,135)       | $
      2,150,122
|                                                    |                |                 |                 |                 |               |                 |                  
|For the three
      months ended September 30, 1999 |                |                 |                 |                 |               |                 |                  
|Net interest
      income, net of provision         | $
      7,105  | $
      4,895   | $
      7,626   | $
      (4)     | $
      3     | $
      (1,443) | $
      18,182   
|Intersegment
      interest                         | (982)          | (361)           | -               | -               | -             | 1,343           | -                
|Other revenue                                       | 38,917         | 6,264           | 2,734           | -               | 1,295         | (2,277)         | 46,933           
|Intersegment
      revenues                         | -              | -               | 41              | -               | -             | (41)            | -                
|Total net
      revenues                            | 45,040         | 10,798          | 10,401          | (4)             | 1,298         | (2,418)         | 65,115           
|Other expense                                       | 33,550         | 8,099           | 7,064           | 359             | 20            | 406             | 49,498           
|Intersegment
      expenses                         | 605            | 145             | 272             | -               | -             | (1,022)         | -                
|Net income before
      taxes                       | 10,885         | 2,554           | 3,065           | (363)           | 1,278         | (1,802)         | 15,617           
|Income taxes                                        | 4,410          | -               | 1,188           | -               | 491           | (357)           | 5,732            
|                                                    | 6,475          | 2,554           | 1,877           | (363)           | 787           | (1,445)         | 9,885            
|Distribution on
      Preferred Securities          | -              | -               | -               | -               | -             | 1,174           | 1,174            
|Net income
      available to shareholders          | $
      6,475  | $
      2,554   | $
      1,877   | $
      (363)   | $
      787   | $
      (2,619) | $
      8,711    
|Assets at
      December 31, 1999                   | $549,966       | $
      339,640 | $
      789,560 | $
      543     | $
      8,096 | $
      (6,958) | $
      1,680,847
|                                                    |                |                 |                 |                 |               |                 |                  
|                                                    |                |                 |                 |                 |               |                 |                  
|                                                    | Mortgage       | Home Equity     | Commercial      | Equipment       | Venture       |                 |                  
|(In thousands)                                      | Banking        | Lending         | Banking         | Leasing         | Capital       | Other           | Consolidated     
|For the nine
      months ended September 30, 2000  |                |                 |                 |                 |               |                 |                  
|Net interest
      income, net of provision         | $
      18,850 | $
      22,536  | $
      22,874  | $
      661     | $
      (603) | $
      (4,055) | $
      60,263   
|Intersegment
      interest                         | (6,523)        | (1,351)         | 4,230           | (47)            | (1)           | 3,692           | -                
|Other revenue                                       | 65,121         | 50,338          | 8,714           | 514             | 7,407         | 29,397          | 161,491          
|Intersegment
      revenues                         | 29,501         | -               | 124             | -               | 300           | (29,925)        | -                
|Total net
      revenues                            | 106,949        | 71,523          | 35,942          | 1,128           | 7,103         | (891)           | 221,754          
|Other expense                                       | 88,215         | 52,080          | 2,810           | 3,426           | 310           | 27,879          | 174,720          
|Intersegment
      expenses                         | 1,661          | 993             | 23,493          | 22              | -             | (26,169)        | -                
|Net income before
      taxes                       | 17,073         | 18,450          | 9,639           | (2,320)         | 6,793         | (2,601)         | 47,034           
|Income taxes                                        | 6,625          | 7,011           | 3,449           | 15              | 2,716         | (2,419)         | 17,397           
|                                                    | 10,448         | 11,439          | 6,190           | (2,335)         | 4,077         | (182)           | 29,637           
|Distribution on
      Preferred Securities          | 504            | 924             | 840             | 31              | -             | 1,224           | 3,523            
|Net income
      available to shareholders          | $
      9,944  | $
      10,515  | $
      5,350   | $
      (2,366) | $
      4,077 | $
      (1,406) | $
      26,114   
|Assets at
      September 30, 2000                  | $564,846       | $
      405,173 | $1,061,797      | $132,388        | $15,053       | $(29,135)       | $
      2,150,122
|                                                    |                |                 |                 |                 |               |                 |                  
|For the nine
      months ended September 30, 1999  |                |                 |                 |                 |               |                 |                  
|Net interest
      income, net of provision         | $
      17,328 | $
      14,903  | $
      21,304  | $
      (4)     | $
      (60)  | $
      (3,112) | $
      50,359   
|Intersegment
      interest                         | (2,192)        | (1,035)         | -               | -               | -             | 3,227           | -                
|Other revenue                                       | 127,345        | 19,808          | 8,782           | -               | 1,289         | (2,230)         | 154,994          
|Intersegment
      revenues                         | -              | -               | 125             | -               | -             | (125)           | -                
|Total net
      revenues                            | 142,481        | 33,676          | 30,211          | (4)             | 1,229         | (2,240)         | 205,353          
|Other expense                                       | 110,196        | 24,041          | 20,708          | 360             | 25            | 3,996           | 159,326          
|Intersegment
      expenses                         | 1,872          | 749             | 784             | -               | -             | (3,405)         | -                
|Net income before
      taxes                       | 30,413         | 8,886           | 8,719           | (364)           | 1,204         | (2,831)         | 46,027           
|Income taxes                                        | 12,368         | -               | 3,327           | -               | 480           | 1,033           | 17,208           
|                                                    | 18,045         | 8,886           | 5,392           | (364)           | 724           | (3,864)         | 28,819           
|Distribution on
      Preferred Securities          | -              | -               | -               | -               | -             | 3,523           | 3,523            
|Net income
      available to shareholders          | $
      18,045 | $
      8,886   | $
      5,392   | $
      (364)   | $
      724   | $
      (7,387) | $
      25,296   
|Assets at
      December 31, 1999                   | $549,966       | $
      339,640 | $
      789,560 | $
      543     | $
      8,096 | $
      (6,958) | $
      1,680,847
|                                                    |                |                 |                 |                 |               |                 |                  
|                                                    |                |                 |                 |                 |               |                 |                  



Part I

Item 2

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



Management's discussion and analysis should be read in conjunction with the accompanying consolidated financial statements and footnotes.  This discussion contains forward-looking statements that are based on management's expectations, estimates,
projections and assumptions.  Words such as "expected," "assumptions," "estimate," and similar expressions are intended to identify forward-looking statements, which include, but are not limited to, projections of business strategies and future
activities.  These statements are not guarantees of future performance and involve uncertainties that are difficult to predict.  Actual future results may differ materially from what is projected due to a variety of factors, including, but not limited to,
unexpected changes in interest rates or in the economies served by the Corporation, competition from other financial service providers, unanticipated difficulties in expanding the Corporation's business, legislative or regulatory changes, or governmental
changes in monetary or fiscal policy.

Overview

Net income for the third quarter ended September 30, 2000, was $9.1 million, up 4.8% from third quarter 1999 net income of $8.7 million.  Net income per share (diluted) was $0.43 for the third quarter of 2000 as compared to $0.40 for the same
period in 1999.  Return on equity for the third quarter of 2000 was 21.04% compared to 22.31% in 1999.

For the year to date, the Corporation recorded net income of $26.1 million, up 3.2% from 1999.  Net income per share (diluted) was $1.23, up from $1.15 a year earlier.  Return on equity for the year to date was 20.88% as compared to 22.15% for the
same period in 1999.

Lines of Business

Irwin Financial Corporation has five principal lines of business:

|* | Mortgage banking (includes Irwin Mortgage Corporation and the related activities of Irwin Union Bank)                         
|- | ------------------------------------------------------------------------------------------------------------------------------
|* | Home equity lending (includes Irwin Home Equity Corporation and the related activities of Irwin Union Bank)                   
|* | Commercial banking (Irwin Union Bank)                                                                                         
|* | Equipment leasing (includes Irwin Business Finance, Onset Capital Corporation, and the related activities of Irwin Union Bank)
|* | Venture capital (includes Irwin Ventures, Inc. and the related activities of Irwin Union Bank)                                



Listed below is net income by line of business for the quarter and year to date, as compared to the same periods in 1999:

| | Three Months        | Nine Months        
| | ------------------- | -------------------
| | Ended September 30, | Ended September 30,

|(In Thousands)                          | 2000   | 1999    | 2000    | 1999   
|--------------------------------------- | ------ | ------- | ------- | -------
|                                        |        |         |         |        
|Mortgage banking                        | $3,695 | $6,475  | $9,944  | $18,045
|Home equity lending                     | 3,961  | 2,554   | 10,515  | 8,886  
|Commercial banking                      | 1,797  | 1,877   | 5,350   | 5,392  
|Equipment leasing                       | (567)  | (363)   | (2,366) | (364)  
|Venture capital                         | (166)  | 787     | 4,077   | 725    
|Parent (includes
consolidating entries) | 408    | (2,619) | (1,406) | (7,388)
|                                        |        |         |         |        
|                                        | $9,128 | $8,711  | $26,114 | $25,296

Mortgage Banking

Selected Financial Data (shown in thousands):

| | Three Months        | Nine Months        
| | ------------------- | -------------------
| | Ended September 30, | Ended September 30,

|Selected Income Statement Data                                    | 2000          | 1999         | 2000       | 1999      
|----------------------------------------------------------------- | ------------- | ------------ | ---------- | ----------
|                                                                  |               |              |            |           
|Loan origination fees                                             | $9,059        | $11,612      | $25,417    | $37,267   
|Gain from sale of loans                                           | 11,469        | 15,761       | 33,977     | 61,798    
|Loan servicing fees                                               | 12,602        | 12,921       | 38,939     | 41,215    
|Amortization and impairment of
  servicing assets, net of hedging | (9,726)       | (5,963)      | (21,606)   | (21,820)  
|Net interest income                                               | 3,322         | 6,061        | 12,261     | 17,264    
|Provision for loan losses                                         | 45            | 62           | 66         | (2,128)   
|Gain on sale of servicing                                         | 8,709         | 3,557        | 14,432     | 6,386     
|Other income                                                      | 1,316         | 1,029        | 3,463      | 2,499     
|Total net revenues                                                | 36,796        | 45,040       | 106,949    | 142,481   
|                                                                  |               |              |            |           
|Salaries and employee benefits                                    | 18,399        | 21,825       | 54,328     | 69,081    
|Other operating expenses                                          | 12,304        | 12,330       | 36,052     | 42,987    
|                                                                  |               |              |            |           
|Income before tax                                                 | 6,093         | 10,885       | 16,569     | 30,413    
|Income tax                                                        | 2,398         | 4,410        | 6,625      | 12,368    
|Net income                                                        | $3,695        | $6,475       | $9,944     | $18,045   
|                                                                  |               |              |            |           
|                                                                  |               |              |            |           
|Return on average equity                                          | 21.11%        | 25.21%       | 18.94%     | 23.42%    
|Mortgage loan originations                                        | $1,043,456    | $1,382,946   | $2,986,445 | $4,769,740
|                                                                  |               |              |            |           
|                                                                  |               |              |            |           
|Selected Operating Data:                                          | September 30, | December 31,
|                                                                  | 2000          | 1999        
|                                                                  |               |             
|Servicing portfolio                                               | $9,963,018    | $10,488,112 
|Mortgage loans held for sale                                      | 259,223       | 277,614     
|Mortgage servicing asset                                          | 133,288       | 132,648     



Mortgage banking activities are conducted by Irwin Mortgage Corporation which originates, sells, and services residential mortgage loans throughout the United States.

Net income from mortgage banking for the third quarter was $3.7 million, down 42.9% from the same period in 1999.  Year to date, net income was $9.9 million compared to $18.0 million in 1999.  Return on average equity was 21.11% for the third quarter
of 2000, compared to 25.21% during the same period in 1999.  These declines relate to decreased loan origination fees and lower interest income due to reduced volume resulting from higher interest rates and lower absorption of fixed costs.

As a result of the higher interest rate environment, mortgage loan originations of $1.0 billion were 24.5% below the third quarter of 1999.  For the year, originations totaled $3.0 billion, down 37.4% from 1999.  Refinances accounted for 13.2% of loan
production in the third quarter of 2000, and 13.7% year to date.  This compares to 15.9% and 31.6%, respectively, in 1999.  Lower production volume caused mortgage loan origination income to decrease 22.0% in the third quarter to $9.1 million.  Year to
date it was down 31.8% to $25.4 million.

As a result of lower loan production in the third quarter of 2000, gains on the sale of loans decreased 27.2% to $11.5 million and net interest income declined 45.2% to $3.3 million.  Year to date, gains on sale of loans decreased 45.0% to $34.0
million.  Net interest income year to date declined 29.0% to $12.3 million.

Mortgage loan servicing fees totaled $12.6 million and $38.9 million for the third quarter and year to date 2000.  This represents a decrease of 2.5% and 5.5%, respectively.  The servicing portfolio totaled $10.0 billion at September 30, 2000, a 5.0%
decrease from December 31, 1999.

Mortgage servicing assets totaled $133.3 million at September 30, 2000, compared to $132.6 million at December 31, 1999.  The amortization and impairment of servicing assets of $9.7 million in the third quarter of 2000 represents an increase of 63.1%
compared to the same period in 1999.  Year to date amortization and impairment totaled $21.6 million, down 1.0% from 1999 amortization and impairment expense of $21.8 million.  The year to date 1999 expense includes a $10.8 million hedging gain, offset
partially by a $9.2 million reversal of the valuation allowance.

The provision for loan losses was down $2.2 million in the year to date 2000 compared to the same period in 1999.  The year to date 2000 figures include a reclassification to reflect management's intent to sell non-performing residential mortgage
loans on a flow basis, rather than managing them as part of a loan portfolio.  Prior to the third quarter of 1999, all nonperforming loans held at the mortgage bank were included in the non-performing asset category.  With the change, these non-performing
loans are more appropriately classified as part of the portfolio of loans held for sale and carried at the lower of cost or market value.  There is no economic difference in this accounting classification as marking the loans to market when valued at less
than face value has the same effect as establishing a loan loss allowance.

Gains from the sale of mortgage servicing were up $5.2 million from the third quarter of 1999 to $8.7 million.  Year to date gains from the sale of servicing totaled $14.4 million, up $8.0 million from 1999.  This increase was the result of the
company's effort to realize a portion of the increase in value in its servicing portfolio.  In addition, the increased sales of servicing during the quarter enabled the company to continue investment in the loan origination portion of the business.

Salaries and employee benefits decreased 15.7% to $18.4 million for the third quarter of 2000.  Year to date, salaries and employee benefits decreased 21.4% to $54.3 million. The reduction was due to a decline in commissions as a result of lower loan
production in 2000.  These declines reflect the company's efforts at cost reduction in light of reduced originations.

Home Equity Lending

Selected Financial Data (shown in thousands):

| | Three Months        | Nine Months        
| | ------------------- | -------------------
| | Ended September 30, | Ended September 30,

|Selected Income Statement Data                               | 2000                   | 1999                  | 2000                    | 1999                  
|------------------------------------------------------------ | ---------------------- | --------------------- | ----------------------- | ----------------------
|                                                             |                        |                       |                         |                       
|Net interest income-
   unsold loans and other               | $3,866                 | $2,807                | $12,269                 | $9,175                
|I/O strip interest income                                    | 3,574                  | 1,727                 | 8,916                   | 4,693                 
|Loan origination fees                                        | 4,683                  | 1,545                 | 11,513                  | 3,861                 
|Gain from sale of loans                                      | 11,585                 | 4,035                 | 23,865                  | 12,630                
|Loan servicing fees                                          | 1,968                  | 1,284                 | 5,081                   | 3,530                 
|Amortization and impairment of
   servicing assets           | (394)                  | (401)                 | (1,104)                 | (1,104)               
|Trading gains (losses)                                       | 1,832                  | (708)                 | 10,123                  | (321)                 
|Other revenue                                                | 507                    | 509                   | 860                     | 1,212                 
|Total net revenues                                           | 27,621                 | 10,798                | 71,523                  | 33,676                
|Operating expenses                                           | 20,915                 | 8,244                 | 53,997                  | 24,790                
|Income before tax                                            | 6,706                  | 2,554                 | 17,526                  | 8,886                 
|Income tax                                                   | 2,745                  | 0                     | 7,011                   | 0                     
|Net income
Return of average equity
Home equity originations | $3,961
30.56%
$192,965 | $2,554
13.16%
$97,545 | $10,515
25.55%
$601,038 | $8,886
16.35%
$291,785
|                                                             |                        |                       |                         |                       
|                                                             |                        |                      
|Other Selected Financial Data:                               | September 30,          | December 31,         
|                                                             | 2000                   | 1999                 
|                                                             |                        |                      
|Home equity loans and loans held for sale                    | $237,060               | $233,326             
|Interest-only strip                                          | 103,903                | 57,833               
|Managed portfolio                                            | 1,283,517              | 842,403              









The home equity lending business markets home equity and first mortgage loans through direct mail and telemarketing in 25 states, and through Internet-based solicitations.

Net income for the home equity lending business was $4.0 million, $6.7 million pre-tax, during the third quarter of 2000, and $10.5 million, $17.5 million pre-tax, for the year to date 2000.  These results are compared to 1999 third quarter and year
to date pre-tax net income of $2.6 million and $8.9 million, respectively.  Income tax expense for the quarter and nine month period ended September 30, 1999 was recorded at the parent company as the home equity lending business had not fully utilized its
net operating loss carryforwards until late in 1999.

Net interest income increased for unsold loans and other, as well as on I/O strips for both the quarter and year to date versus 1999.  The total increase in net interest income over 1999 was $2.9 million for the third quarter and $7.3 million year to
date.  These increases are a result of increased loan production and sales during 2000 compared to 1999.

During the third quarter of 2000, home equity loan and line of credit production (originated and purchased)totaled $193.0 million, compared with $97.5 million in 1999.  Year to date, loan production totaled $601.0 million, compared to $291.8 million
in 1999.  Included in the year to date 2000 increases were $151.9 million in home equity loans which were acquired from other prime credit, high loan-to-value lenders.  There were no such acquisitions during the third quarter of 2000.

Gains from the securitization of loans totaled $11.6 million in the third quarter 2000, up 187.1% from the third quarter 1999.  Year to date gains from securitization of loans totaled $23.9 million versus $12.6 million in 1999.  Gain on sale as a
percentage of loans securitized was 4.2% and 3.9% for the nine months ended September 30, 2000 and 1999, respectively.  The company sold $209.0 million and $565.2 million, respectively, of product in the quarter and nine month period ended September 30,
2000, versus $74.9 million and $320.8 million, respectively, during the quarter and nine month period ended September 30, 1999.

The home equity lending business services the loans it has securitized and collects an annual fee of up to 1% of the outstanding principal balance of the securitized loans.  Net servicing fee income totaled $1.6 million in the third quarter of 2000,
up 78.3% from the same period in 1999.  Year to date, net servicing fee income totaled $4.0 million, a 63.9% increase over 1999.  The increase is primarily due to growth in the servicing portfolio.

The securitization of loans into the secondary market results in the creation of a residual asset which we refer to as interest-only strips.  Interest-only strips are carried at their market values determined using assumptions about the duration and
performance of the securitized loans.  At September 30, 2000, the assumed annual loss rates ranged from 0.25% to 4.00%, prepayment speeds ranged from 6% to 37% CPR (constant prepayment rate) per year and 2% to 4% HEP (home equity prepayment rate), and the
discount rate was 15%.  To mitigate the interest rate risk associated with certain interest-only strips, the home equity lending business uses an interest rate cap which is also carried at its market value, which was $0.4 million at September 30, 2000.

Included in income during the third quarter of 2000 was a net unrealized trading gain of $1.8 million recorded to adjust the carrying value of interest-only strips and the interest rate cap to their market values.  This net gain compares with a $0.7
million loss recorded in the third quarter of 1999.  Year to date, trading gains totaled $10.1 million, compared with $0.3 million trading loss in 1999.  The improvement in 2000 is due to increased volume of securitizations and a higher interest rate
environment, which has slowed prepayment expectations and experience.

Operating expenses were $20.9 million in the third quarter of 2000, up $12.7 million from 1999.  Year to date operating expenses were $54.0 million compared to $24.8 million a year earlier.  These increases are reflective of the growth in the
company's managed portfolio and growth in production.

Early in the fourth quarter of 2000, the home equity lending business acquired the residual interest, servicing rights and related whole loans of an approximately $400 million pool of previously securitized home equity lines of credit.  The collateral
supporting the pool is comprised of seasoned lines of credit predominantly up to 100% combined loan-to-value and similar in credit quality and yield to lines of credit originated by the company.

Commercial Banking

Selected Financial Data (shown in thousands):

| | Three Months        | Nine Months        
| | ------------------- | -------------------
| | Ended September 30, | Ended September 30,

|Selected Income Statement Data           | 2000          | 1999         | 2000    | 1999   
|---------------------------------------- | ------------- | ------------ | ------- | -------
|                                         |               |              |         |        
|Net interest revenue                     | 10,340        | $8,028       | $28,906 | $22,708
|Provision for loan losses                | (634)         | (402)        | (1,802) | (1,404)
|Other income                             | 2,962         | 2,775        | 8,838   | 8,907  
|Other operating expenses                 | 9,704         | 7,336        | 27,143  | 21,492 
|Income before tax                        | 2,964         | 3,065        | 8,799   | 8,719  
|Income tax                               | 1,167         | 1,188        | 3,449   | 3,327  
|Net income                               | $1,797        | $1,877       | $5,350  | $5,392 
|                                         |               |              |         |        
|Return on average equity                 | 14.19%        | 13.73%       | 12.88%  | 14.07% 
|                                         |               |              |         |        
|Selected Balance Sheet Data:             | September 30, | December 31,
|                                         | 2000          | 1999        
|                                         |               |             
|Securities and short-term
   investments | $21,980       | $21,603     
|Loans and leases                         | 974,539       | 720,493     
|Allowance for loan losses                | (8,559)       | (7,375)     
|Deposits                                 | 924,272       | 710,899     

Commercial banking activities are conducted by Irwin Union Bank (the Bank) which is headquartered in Columbus, Indiana.  In recent years, the Bank has implemented a growth plan that calls for expansion into new markets outside of its traditional markets
in south-central Indiana, which involves opening new offices staffed by senior commercial loan officers who have prior experience with other commercial banks.  Currently, the Bank operates 20 banking facilities in nine counties in Indiana.  In addition,
the Bank has four banking branches outside Indiana:  three branches in Michigan located in Kalamazoo, Grandville (Grand Rapids), and Traverse City, and one branch in Carson City, Nevada.  The bank also has loan production offices in Brentwood (St. Louis),
Missouri; Louisville, Kentucky; and Salt Lake City, Utah.  Offices in Las Vegas, Nevada and Phoenix, Arizona are expected to open in the fourth quarter, 2000.
Net income for the Bank decreased in the third quarter by $0.1 million to $1.8 million compared to the third quarter of 1999.  Year to date, net income was $5.3 million, an decrease of 0.8% versus 1999.  Net interest income improved 28.8% to $10.3
million in the third quarter of 2000 from $8.0 million for the same period in 1999.  Year to date net interest income improved 27.3% to $28.9 million from $22.7 million for the same period in 1999.  These increases relate primarily to the Bank's continued
growth in new markets.  The provision for loan losses increased 57.7% to $634 thousand in the third quarter compared with a provision of $402 thousand a year earlier.  Year to date provision increased 28.3% to $1.8 million compared with a provision of
$1.4 million a year earlier.

Following is an analysis of net interest income and net interest margin computed on a tax equivalent basis:

|For the Three Months
Ended September 30, |                 | 2000     |             |                 | 1999     |            
|---------------------------------------- | --------------- | -------- | ----------- | --------------- | -------- | -----------
|(In Thousands)                           | Average
Balance | Interest | Yield/
Rate | Average
Balance | Interest | Yield/
Rate
|                                         |                 |          |             |                 |          |            
|Interest-earning
assets                  | $939,304        | $21,927  | 9.29%       | $655,282        | $14,137  | 8.56%      
|                                         |                 |          |             |                 |          |            
|Interest-bearing
liabilities             | 842,085         | 11,533   | 5.45%       | 569,073         | 6,065    | 4.23%      
|                                         |                 |          |             |                 |          |            
|Net interest income                      |                 | $10,394  |             | *               | $8,072   | *          
|                                         |                 |          |             |                 |          |            
|Net interest margin                      | *               | *        | 4.40%       |                 |          | 4.89%      



|For the Nine Months
Ended September 30, |                 | 2000     |             |                 | 1999     |            
|--------------------------------------- | --------------- | -------- | ----------- | --------------- | -------- | -----------
|(In Thousands)                          | Average
Balance | Interest | Yield/
Rate | Average
Balance | Interest | Yield/
Rate
|                                        |                 |          |             |                 |          |            
|Interest-earning
assets                 | $862,164        | $58,570  | 9.07%       | $617,030        | $39,167  | 8.49%      
|                                        |                 |          |             |                 |          |            
|Interest-bearing
liabilities            | 771,123         | 29,500   | 5.11%       | 531,601         | 16,283   | 4.10%      
|                                        |                 |          |             |                 |          |            
|Net interest income                     |                 | $29,070  |             | *               | $22,884  | *          
|                                        |                 |          |             |                 |          |            
|Net interest margin                     | *               | *        | 4.50%       |                 |          | 4.96%      

Interest margins during 2000 have declined as shown above compared to 1999 as a result of higher cost sources of funds, including increased use of brokered deposits and an allocation from the holding company of interest-bearing capital during the second
quarter and third quarter of 2000.  Prior to this inter-company allocation, which has no consolidated impact, the net interest margin for the third quarter and year to date 2000 at the Bank declined 39 basis points compared to the same periods in 1999.  
Total operating expenses, including salaries and benefits, increased 32.3% in the third quarter of 2000 to $9.7 million compared to $7.3 million in the third quarter of 1999.  Year to date, total operating expenses were $27.1 million, an increase of
26.3% compared to $21.5 million during the same period in 1999.  The continued expansion of the Bank's operations into new markets led to the increased non-interest expense in 2000.Equipment Leasing
During 1999, the Corporation formed a new leasing subsidiary, Irwin Business Finance.  The company began organizing in the second quarter of 1999 and began lease originations in early 2000. On July 14, 2000, the Corporation completed its acquisition of a
78% ownership position in Onset Capital Corporation, a Canadian small-ticket equipment leasing company.  During the third quarter of 2000, the leasing line of business incurred a pre-tax loss of $0.6 million.  Year to date, the leasing line of business
incurred a pre-tax loss of $2.4 million.  These losses reflect expenses related to staffing, systems development and portfolio growth initiatives in excess of portfolio revenue.  Total loan and lease receivables originated during the three month and nine
month periods ended September 30, 2000 were $27.8 million and $79.3 million, respectively.  The acquisition of Onset added approximately $60 million of new leases to the portfolio.  The total loan and lease portfolio now totals $128.2 million at September
30, 2000.Venture Capital
During 1999, the Corporation formed Irwin Ventures, Inc., a venture capital company which makes minority investments in early-stage financial services-related businesses.  Its primary focus is on businesses which plan to use technology as a key component
of their competitive strategy.  The company seeks to make investments in opportunities where the financial services experience and expertise of Irwin Ventures' management team can add superior value to innovative companies.  During the third quarter of
2000 the venture capital line of business recorded a net loss of $166 thousand related to operating expenses.  Year to date, the venture capital line of business recorded net income of $4.1 million which resulted principally from valuation increases in
one of its portfolio investments.
Venture capital investments held by Irwin Ventures, Inc. are carried at fair value with changes in market value recognized in other income.  The investment committee of Irwin Ventures determines the value of the investments at the end of each reporting
period and the values are adjusted based upon review of the investee's financial results, condition, and prospectus.  Changes in estimated market values can also be made when an event such as a new funding round from other private equity investors would
cause a change in estimated market value.  There were no valuation adjustments required during the quarter for the venture capital investments.
At September 30, 2000 the business had investments in the following companies:

|Company                         | Public/Private | Investment At Cost | Carrying Value
|------------------------------- | -------------- | ------------------ | --------------
|                                |                |                    |               
|LiveCapital.com                 | Private        | $1.94 million      | $10.70 million
|Bremer Associates, Incorporated | Private        | $1.17 million      | $1.17 million 
|DocuTouch                       | Private        | $1.00 million      | $1.00 million 
|Total                           |                | $4.11 million      | $12.87 million

Parent Company (including consolidating entries)
For the quarter ended September 30, 2000, the parent company recorded net income of $408 thousand compared with a net loss of $2.6 million a year earlier.  Year to date, the parent company recorded a $1.4 million net loss compared to a $7.4 million net
loss in 1999.  The parent company recorded approximately $0.2 million and $0.9 million of income tax benefit related to Irwin Business Finance for the three month and nine month periods ended September 30, 2000.  The parent company will continue to record
tax benefits resulting from the operating losses of Irwin Business Finance until such time as Irwin Business Finance becomes profitable and utilizes all of its operating loss carryforwards.

The improvement in results in 2000 over 1999 primarily relates to an intercompany allocation of interest-bearing capital from the parent company to each of the Corporation's four asset-generating lines of business.  The parent began this allocation
process on April 1, 2000.Consolidated Income Statement Analysis
Net interest income for the third quarter of 2000 totaled $22.0 million, up 18.9% from the third quarter of 1999.  For the year, net interest income totaled $63.9 million, a 17.7% increase over 1999.  The increase was due primarily to increased loans
outstanding at the Bank and home equity business which offset declines in the mortgage banking lines of business resulting from the higher interest rate environment.
The loan and lease loss provision was $1.4 million for the third quarter of 2000, as compared with $0.4 million for the same period in 1999.  For the year, the provision totaled $3.6 million versus $3.9 million in 1999.  See the section on credit risk
for additional information on the loan loss provision.
Noninterest income increased 24.6% to $58.5 million in the third quarter of 2000.  Year to date, noninterest income increased 4.2% to $161.5 million.  The increase in 2000 versus 1999 was caused primarily by increased revenues in the home equity line of
business resulting from increased production and increased loan sales.  These increased revenues were partially offset by lower revenues in the Corporation's mortgage banking line of business as a result of the higher interest rate environment which
slowed loan production activity.
Other expenses increased 26.8% in the third quarter of 2000 to $62.7 million.  For the year, other expenses increased $15.4 million or 9.7% over the same period in 1999.
The effective income tax rate for the Corporation was 40.1% during the third quarter of 2000 and 40.0% year to date.  This compares with 39.7% in the third quarter of 1999 and 40.5% year to date 1999.Consolidated Balance Sheet AnalysisTotal assets of the Corporation at September 30, 2000, were $2.2 billion, up from December 31, 1999 total assets of $1.7 billion.  The increase was due primarily to growth in loans at the Bank.  The increase in assets was accompanied by a $0.4
billion increase in interest-bearing deposits primarily at the Bank.  A portion of noninterest bearing deposits is associated with escrow accounts held on loans in the servicing portfolio of Irwin Mortgage.  These escrow accounts totaled $180.6 million at
September 30, 2000, up from $148.9 million at December 31, 1999.
Shareholders' equity grew to $181.1 million at September 30, 2000, an increase of 13.7% over year-end 1999 shareholders' equity of $159.3 million.  Contributing to the growth in shareholders' equity was the issuance during the first quarter of 2000 of
approximately $1.4 million in non-coupon, convertible preferred shares of the Corporation's stock.  This stock was issued to certain qualified investors thought to be in a position to support deposit growth in certain of the expansion markets of the Bank.
 Shareholders' equity at September 30, 2000 was $8.55 per common share, an increase of 13.2% compared to December 31, 1999.  The Corporation's equity to assets ratio ended the quarter at 8.42% compared to 9.48% at the year end of 1999.

Credit Risk
The assumption of credit risk is a key source of earnings for the commercial banking, home equity lending and equipment leasing lines of business.  In addition, the mortgage banking business assumes some credit risk despite the fact that the mortgages
are typically insured.
The credit risk in the loan portfolios of the Bank and the home equity lending business have the most potential to have a significant effect on consolidated financial performance.  These lines of business manage credit risk through the use of lending
policies, credit analysis and approval procedures, periodic loan reviews, and personal contact with borrowers.  Loans over a certain size are reviewed by a loan committee prior to approval.
An allowance for loan losses is established as an estimate of the probable credit losses on the loans held by the Corporation.  A specific allowance is determined by evaluating those loans which are either substandard or have the potential to become
substandard.  In general, commercial loans, mortgage loans, and leases are evaluated individually to determine the appropriate allowance.  Consumer loans, including home equity loans, are generally evaluated as a group.  For I/O strips, a loss estimate is
embedded in the residual value of the asset.  A specific allowance is set at a level which management considers sufficient to cover probable losses on these loans.  A general allowance is determined by analyzing historical loss experience by loan type and
then adjusting these loss factors for current conditions not reflected in prior experience.  The allowance for loan losses is an estimate which is based on management's judgement combined with a quantitative process of evaluation and analysis.
Loans and leases that are determined by management to be uncollectible are charged against the allowance.  The allowance is increased by provisions against income and recoveries of loans and leases previously charged off.
At September 30, 2000, the allowance for loan and lease losses as a percentage of total loans and leases was 1.13% compared to 1.17% at December 31, 1999.  For the three month period ended September 30, 2000, the provision for loans and lease losses
totaled $1.4 million, a $1.0 million increase over 1999.  For the nine month period ended September 30, 2000, the provision totaled $3.6 million, a $0.3 million decline compared to the corresponding period in 1999.  The decline in the year to date
provisions for 2000 compared to 1999 relates to a reclassification which is discussed in further detail in the mortgage banking line of business section of this report.
Nonperforming assets (loans 90 days past due, nonaccrual, and owned real estate) were $8.0 million or 0.37% of total assets at September 30, 2000, compared to $8.1 million or 0.48% at December 31, 1999.  There were no restructured loans in 1999 or 2000.

|Nonperforming Assets                       | September 30, | December 31, | December 31,
|------------------------------------------ | ------------- | ------------ | ------------
|(In Thousands)                             | 2000          | 1999         | 1998        
|                                           |               |              |             
|Accruing loans past due
  90 days or more: |               |              |             
|Real Estate Mortgage                       | $205          | $--          | $291        
|Commercial                                 | 550           | 58           | 252         
|Leasing                                    | 366           | --           | --          
|Consumer                                   | 126           | 89           | 89          
|Subtotal                                   | 1,247         | 147          | 632         
|                                           |               |              |             
|Nonaccrual loans:                          |               |              |             
|Real Estate Mortgage                       | 2,429         | 3,049        | 9,449       
|Commercial                                 | 784           | 748          | 1,052       
|Leasing                                    | 391           | 88           | 426         
|Consumer                                   | 149           | 273          | 174         
|Subtotal                                   | 3,753         | 4,158        | 11,101      
|Total nonperforming loans
  and leases     | 5,000         | 4,305        | 11,733      
|                                           |               |              |             
|Other real estate owned                    | 2,962         | 3,752        | 3,506       
|                                           |               |              |             
|Total nonperforming assets                 | $7,962        | $8,057       | $15,239     
|                                           |               |              |             
|Nonperforming assets to
  total assets     | 0.37%         | 0.48%        | 0.78%       

Capital Adequacy
The Corporation is subject to various regulatory capital requirements administered by federal banking agencies.  Quantitative measures established by regulation to ensure capital adequacy require the Corporation to maintain minimum amounts and ratios
(set forth in the table below) of Total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital to average assets (as defined).  Equity and risk-based capital ratios for the Corporation are as follows:

|                   | Ratio         |               |              |             
|------------------ | ------------- | ------------- | ------------ | ------------
|                   | required to   |               |              |             
|                   | be considered |               |              |             
|                   | well-         | September 30, | December 31, | December 31,
|                   | capitalized   | 2000          | 1999         | 1998        
|                   |               |               |              |             
|Equity to Assets   | n/a           | 8.42%         | 9.48%        | 7.46%       
|Risk-Based Capital | 10.0%         | 11.15%        | 13.50%       | 12.25%      
|Tier I Capital     | 6.0%          | 9.40%         | 11.39%       | 11.63%      
|Tier I Leverage    | 5.0%          | 12.01%        | 12.77%       | 10.51%      

Derivative Financial Instruments
The Corporation hedges its interest rate risk on mortgage loans held for sale using mandatory commitments to sell the loans at a future date.  Prior to December 31, 1999, the value of mortgage servicing assets was periodically hedged using options in
treasury futures.  Certain of the Corporation's interest-only strips are hedged using interest rate caps which had a fair value of $0.4 million and a notional amount of $26.1 million at September 30, 2000.  Options on treasury futures and interest rate
caps are classified as trading securities on the balance sheet and carried at their market values.  Adjustments to market values are recorded as trading gains or losses on the income statement.  In the third quarter of 2000, the Corporation recorded a
$0.2 million loss related to these derivative products.  Year to date, the Corporation recorded a $0.1 million loss related to these products.  This compares to gains of $0.1 million and losses of $10.3 million in the third quarter and year to date 1999,
respectively.
Onset Capital Corporation, a Canadian leasing company acquired in the second quarter of 2000, hedges a significant portion of its interest rate risk using interest rate swaps and swaptions.  At September 30, 2000, Onset had two interest rate swaps and
five swaptions outstanding, hedging the timing mismatches which exist between $40.4 million of its fixed rate lease assets and its variable rate funding.
Onset pays a weighted-average fixed rate of 5.85% and receives a variable rate which is currently 5.81% on its combined interest rate swaps.  The notional value of the interest rate swaps amortizes on a schedule that is designed to match the principal
pay down of the loan portfolio with a final maturity date of April 24, 2006.  Onset can reduce the notional value of the swaps by up to 10% if prepayments on the loans are greater than originally anticipated.  
The swaptions exist to allow Onset the flexibility to switch its interest rate swaps from receiving a floating rate of interest to receiving a fixed rate of interest.  Onset would exercise this option if it chose to switch the underlying funding source
from a floating rate source to a fixed rate source.Liquidity
Liquidity is the availability of funds to meet the daily requirements of the Corporation's business.  For financial institutions, demand for funds comes principally from extensions of credit and withdrawal of deposits.  Liquidity is provided by asset
maturities or sales and through short-term borrowings.
The objectives of liquidity management are to ensure that funds will be available to meet current demands and that funds are available at a reasonable cost.  Liquidity is managed by the parent company and liquidity management committees at each line of
business.
Since loans are less marketable than securities, the ratio of total loans to total deposits is a traditional measure of liquidity for banks and bank holding companies.  At September 30, 2000, the ratio of loans and loans held for sale to total deposits
was 121.8%.  The Corporation is comfortable with this relatively high level due to its position in mortgage loans held for sale.  These loans carry an interest rate at or near current market rates for first and second lien mortgage loans.  Since the
Corporation securitizes and sells nearly all these mortgage loans within a 90-day period, our liquidity is significantly higher than the ratio would suggest by traditional standards.  Excluding mortgage loans held for sale, the loan-to-deposit ratio is
84.7% at September 30, 2000

Part I



Item 3.  Quantitative and Qualitative Disclosures about Market Risk

Interest Rate Risk
Because assets are not perfectly match funded with like-term liabilities, earnings are subject to interest rate changes.  Interest rate risk is measured by the sensitivity of both net interest income and fair market value of net interest sensitive assets
to changes in interest rates.

|Economic Value Change Method |                                           
|---------------------------- | ------------------------------------------
|                             | Present Value                             
|                             | At September 30, 2000                     
|                             | Instantaneous Change in Interest Rates of:

|(In Thousands)                             | -2%         | -1%         | Current     | +1%         | +2%        
|------------------------------------------ | ----------- | ----------- | ----------- | ----------- | -----------
|                                           |             |             |             |             |            
|Interest Sensitive Assets                  |             |             |             |             |            
|Loans and Other Assets                     | $1,275,173  | $1,252,840  | $1,231,199  | $1,210,684  | $1,191,514 
|Loans Held for Sale                        | 435,467     | 430,998     | 426,641     | 422,461     | 418,350    
|Mortgage Servicing Rights                  | 86,704      | 130,148     | 167,453     | 181,209     | 182,274    
|Interest-Only Strips                       | 97,726      | 101,521     | 106,138     | 110,839     | 115,285    
|Total Interest Sensitive Assets            | 1,895,070   | 1,915,507   | 1,931,431   | 1,925,193   | 1,907,423  
|                                           |             |             |             |             |            
|Interest Sensitive Liabilities             |             |             |             |             |            
|Deposits                                   | (935,527)   | (931,172)   | (926,897)   | (922,701)   | (918,638)  
|Short Term Borrowings                      | (468,584)   | (467,282)   | (465,994)   | (464,723)   | (463,469)  
|Long Term Debt                             | (87,787)    | (84,668)    | (80,963)    | (76,754)    | (71,608)   
|Total Interest Sensitive Liabilities       | (1,491,898) | (1,483,122) | (1,473,854) | (1,464,178) | (1,453,715)
|                                           |             |             |             |             |            
|Interest Sensitive Off Balance Sheet Items | (829)       | 57          | 1,175       | 2,476       | 3,830      
|                                           |             |             |             |             |            
|Net Market Value as of September 30, 2000  | $402,343    | $432,442    | $458,752    | $463,491    | $457,538   
|                                           |             |             |             |             |            
|Potential Change                           | ($56,409)   | ($26,310)   | $-          | $4,739      | ($1,214)   
|                                           |             |             |             |             |            
|Net Market Value as of December 31, 1999   | $271,838    | $315,927    | $334,983    | $333,872    | $327,352   
|                                           |             |             |             |             |            
|Potential Change                           | ($63,145)   | ($19,056)   | $-          | ($1,111)    | ($7,631)   



|GAAP-Based Value Change Method |                                           
|------------------------------ | ------------------------------------------
|                               | Present Value                             
|                               | At September 30, 2000                     
|                               | Instantaneous Change in Interest Rates of:

|(In Thousands)                              | -2%       | -1%       | Current  | +1%      | +2%     
|------------------------------------------- | --------- | --------- | -------- | -------- | --------
|                                            |           |           |          |          |         
|Interest Sensitive Assets                   |           |           |          |          |         
|Loans and Other Assets (1)                  | $-        | $-        | $-       | $-       | $-      
|Loans Held for Sale                         | 426,641   | 426,641   | 426,641  | 422,461  | 418,350 
|Mortgage Servicing Rights                   | 90,342    | 118,137   | 132,265  | 136,565  | 136,602 
|Interest-Only Strips                        | 97,726    | 101,522   | 106,138  | 110,839  | 115,285 
|Total Interest Sensitive Assets             | 614,709   | 646,300   | 665,044  | 669,865  | 670,237 
|                                            |           |           |          |          |         
|Interest Sensitive
 Liabilities             |           |           |          |          |         
|Deposits (1)                                |           |           |          |          |         
|Short Term Borrowings (1)                   |           |           |          |          |         
|Long Term Debt (1)                          |           |           |          |          |         
|Total Interest Sensitive Liabilities (1)    |           |           |          |          |         
|                                            |           |           |          |          |         
|Interest Sensitive Off 
Balance Sheet Items | 64        | 247       | 687      | 1,331    | 2,048   
|                                            |           |           |          |          |         
|Net Market Value as of
September 30, 2000   | $614,773  | $646,547  | $665,731 | $671,196 | $672,285
|                                            |           |           |          |          |         
|Potential Change                            | ($50,958) | ($19,184) | $-       | $5,465   | $6,554  
|                                            |           |           |          |          |         
|Net Market Value as of
December 31, 1999    | $271,838  | $315,927  | $334,983 | $333,872 | $327,352
|                                            |           |           |          |          |         
|Potential Change                            | ($63,145) | ($19,056) | $-       | ($1,111) | ($7,631)

Value does not change in GAAP presentation.

Part II
Item 1.  Legal Proceedings

Culpepper, et. al v. Inland Mortgage Corporation continues on appeal before the U.S. Court of Appeals for the 11th Circuit.  This lawsuit was filed against Irwin Mortgage Corporation("IMC") (formerly Inland Mortgage Corporation) in
April, 1996.  The suit alleges that IMC violated the Real Estate Settlement Procedures Act (RESPA) in connection with certain payments IMC made to mortgage brokers, and the plaintiffs have sought to have the claims certified as a class action.  In June,
1999, the trial court certified a limited class of borrowers, and in December, 1999, IMC appealed the trial court's grant of class certification.  On October 31, 2000, the court of appeals granted IMC's request for oral argument, which is scheduled for
the week of January 22, 2001.
It is uncertain when a ruling will be issued.  If the class certification is upheld, the case would proceed to an adjudication on the merits of the alleged RESPA violations.  Because the case is in the early stages of litigation, the Company is unable at
this time to form a reasonable estimate of the amount of potential loss, if any, that the Company could suffer.  The Company intends to continue to vigorously defend this lawsuit.



Part II
Item 6

Exhibits to Form 10-Q

|Number Assigned 
In Regulation S-K |                                                                                                                                                                                                               
|---------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Item 601                           | Description                                                                                                                                                                                                   
|                                   |                                                                                                                                                                                                               
|                                   |                                                                                                                                                                                                               
|(3.1)                              | Restated Articles of Incorporation of Irwin Financial Corporation (Incorporated by reference to Exhibit 4.1 filed with Amendment No. 1 to the Registration Statement on Form S-3 (Registration No. 333-44458))
|                                   |                                                                                                                                                                                                               
|(3.2)                              | Code of By-Laws, as amended to date (incorporated by reference to Exhibit 3(ii)(3)(a) to Form 10-K for the year ended December 31, 1997)                                                                      
|                                   |                                                                                                                                                                                                               
|(11)                               | Computation of earnings per share is included in the footnotes to the financial statements                                                                                                                    
|                                   |                                                                                                                                                                                                               
|(27)                               | Financial Data Schedule                                                                                                                                                                                       
|                                   |                                                                                                                                                                                                               

Reports on Form 8-K
None

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.IRWIN FINANCIAL CORPORATION
By:______/S/____________________________
     Gregory F. Ehlinger
     Chief Financial Officer
By:_____/S/_____________________________
     Jody A. Littrell
     Corporate Controller
    (Chief Accounting Officer)