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

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

                                   FORM 10-QSB


                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 1998

                        Commission File Number 000-24513

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

                             Homestead Bancorp, Inc
--------------------------------------------------------------------------------
             (Exact Name of Registrant as specified in its charter)

                                 (504) 386-3379

                Louisiana                                 72-1416514
--------------------------------------------------------------------------------
(State of incorporation or organization)       (IRS Employer Identification No.)


195 North Sixth Street
Ponchatoula, Louisiana                                       70454
--------------------------------------------------------------------------------
(Address of principal executive office)               (including zip code)


        Securities to be registered pursuant to Section 12(b) of the Act:

                                      NONE

        Securities to be registered pursuant to Section 12(g) of the Act:

                     Common Stock, par value $.10 per share
                                (Title of Class)
<PAGE>
                             Homestead Bancorp, Inc
                                   Form 10-QSB
                           Quarter Ended June 30, 1998


PART I - FINANCIAL INFORMATION

Financial Statements:
                                                                            Page
     Statements of Financial Condition -
        June 30, 1998 ...................................................    3

     Statements of Income (Unaudited) From February 27,
        1998 (Date of Incorporation) to June 30, 1998
        and for quarter ended June 30, 1998 ............................    4

     Statements of Cash Flows (Unaudited) From February 27,
        1998 (Date of Incorporation) To June 30, 1998
        and 1997 .......................................................     5

     Notes to Financial Statements .....................................     6

     Management's Discussion and Analysis of Financial
        Condition and Results of Operations ............................     7

Part II - OTHER INFORMATION

     Legal Proceedings .................................................     8

     Changes in Securities .............................................     8

     Defaults Upon Senior Securities ...................................     8

     Submission of Matters to a Vote of Security
        Holders ........................................................     8

     Other Information .................................................     8

     Exhibits and Reports on Form 8-K ..................................     8

     Signatures ........................................................     9


                                       2
<PAGE>
                              Homestead Bancorp Inc
                        STATEMENTS OF FINANCIAL CONDITION
                                  June 30, 1998
                                   (Unaudited)

ASSETS

Receivable ....................................................           $1,000
                                                                          ------


        Total Assets ..........................................           $1,000
                                                                          ======

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities ...................................................           $ --
                                                                          ------

        Total Liabilities: ....................................             --
                                                                          ======


Stockholder's Equity:
     Common Stock, Par Value $.01, 10,000,000
        Shares Authorized; 100 Shares Issued and
        Outstanding ...........................................                1

     Paid in Capital Excess of Par ............................              999

     Retained Earnings ........................................             --
                                                                          ------
        Total Stockholder's Equity: ...........................            1,000
                                                                          ======

        Total Liabilities and Stockholder's
        Equity ................................................            1,000
                                                                          ======


                                       3
<PAGE>
                              Homestead Bancorp Inc
                              STATEMENTS OF INCOME

                                   (UNAUDITED)


                             For the Period from
                              February 27, 1998
                           (Date of Incorporation)        For the Quarter
                             to March 31, 1998          Ended June 30, 1998
                            ---------------------       -------------------

Total Income                     $    --                     $    --

Total Expense                    $    --                     $    --

     Net Income                  $    --                     $    --

Earnings Per Share               $    --                     $    --





                                       4
<PAGE>
                              Homestead Bancorp Inc
                            STATEMENTS OF CASH FLOWS

          For the Period from February 27, 1998 (Date of Incorporation)
                                To June 30, 1998
                                   (Unaudited)

<TABLE>
<S>                                                                             <C>

Cash Flows From Operating Activities:
     Net Income ..........................................................      $  --
     Adjustments to Reconcile Net Income
        to Net Cash Provided by (Used in) Operating
        Activities:
            Change in Assets and Liabilities
                (Increase) Decrease in Receivable ........................       (1,000)
                                                                                -------  
                       Net Cash Provided by (Used in) Operating Activities       (1,000)
                                                                                -------  

Cash Flows From Investing Activities:
                       Net Cash Provided by (Used in) Investing Activities         --

Cash Flows From Financing Activities:
     Proceeds from Stock Issuance ........................................        1,000
                       Net Cash Provided by (Used In)
                            Financing Activities .........................        1,000
                                                                                -------  

Net Increase (Decrease) in Cash and
     Cash Equivalents ....................................................         --

Cash and Cash Equivalents -
     Beginning of Period .................................................         --
                                                                                -------  

Cash and Cash Equivalents -
     End of Period .......................................................      $  --
                                                                                =======  
</TABLE>





                                       5
<PAGE>
                             Homestead Bancorp, Inc.

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)
                                  June 30, 1998

Note 1 - Basis of Presentation -

         On  February  5,  1998,  Ponchatoula  Homestead  Savings,  F.  A.  (The
Association)  incorporated Homestead Bancorp, Inc. (The "Company") to facilitate
the conversion of Homestead  Mutual  Holding  Company (the "MHC") from mutual to
stock form (the  Conversion).  In  connection  with the  Conversion  the Company
offered its common stock to the depositors  and borrowers of the  Association as
of specified  dates,  to an employee stock  ownership plan and to members of the
general  public.  Upon  consummation of the Conversion on July 17, 1998, the MHC
merged  into the  Association,  the  Association  then  merged  with an  interim
subsidiary of the Company (with the Association as the surviving entity), all of
the Association's  outstanding  common stock (other than shares held by the MHC,
which were  cancelled)  was exchanged  for common stock of the Company,  and the
Company  became the holding  company for the  Association  and issued  shares of
common stock to the general public.

         The  company  filed  a Form  SB-2  with  the  Securities  and  Exchange
Commission  ("SEC") on April 2, 1998, which as amended was declared effective by
the SEC on May 14,  1998.  The  Association  filed a Form AC with the  Office of
Thrift  Supervision  ("OTS") on April 2, 1998. The Form AC and related  offering
and proxy  materials,  as  amended,  were  conditionally  approved by the OTS by
letters dated May 14, 1998. The Company also filed an Application H-(e) 1-S with
the OTS on April 17, 1998,  which was  conditionally  approved by the OTS letter
dated  May  26,  1998.  The  members  of the MHC  and  the  stockholders  of the
Association  approved the Plan at special meetings held on July 1, 1998, and the
subscription and community offerings closed on June 23, 1998.

         In connection with the incorporation of the Company, the Company issued
100 shares of common stock to the  Association.  The shares were  cancelled upon
consummation of the  Conversion,  and the Conversion was accounted for under the
pooling of interests method of accounting.

         The company sold 1,119,543  shares of common stock in the  subscription
offering  at a price of $10.00  per  share,  for  aggregate  gross  proceeds  of
$11,195,430. In addition, a totals of 358,402 shares of common stock were issued
by the Company in exchange for all of the 152,635  shares of common stock of the
Association  outstanding prior to consummation of the Conversion  (excluding the
456,240  shares held by the MHC, which were  cancelled),  based upon an exchange
ratio of 2.34810  shares of Company  common stock for each share of  Association
common stock.

     The accompanying unaudited financial statements were prepared in accordance
with


                                       6
<PAGE>
instructions  for Form 10-QSB and,  therefore,  do not  include  information  or
footnotes necessary for complete presentation of financial position,  results of
operations  and cash flows in  conformity  with  generally  accepted  accounting
principles.  However,  all  adjustments  (consisting  only of  normal  recurring
accruals)  which,  in  the  opinion  of  management,  are  necessary  for a fair
presentation of the financial statements have been included.

Note 2 - Earnings Per Share -

         Earnings per share is not  considered  meaningful as the Conversion was
not  completed  until July 17,  1998,  the Company did not engage in  operations
prior to July 17, 1998,  and the 100 shares held by the  Association at June 30,
1998 were cancelled upon consummation of the Conversion.

Item 2 - Management Discussion and Analysis of Financial Condition and Results
of Operations

Homestead Bancorp, Inc. is a Louisiana corporation organized in February 1998 by
the  Association  for the purpose of becoming a unitary  holding  company of the
Association. The Company acquired all of the capital stock of the Association in
exchange for common stock of the Company and issued additional shares to persons
with  subscription  rights.  Immediately  following  the  Conversion,  the  only
significant assets of the Company are the capital stock of the Association,  the
Company's  loan to the ESOP,  and the remainder of the net  Conversion  proceeds
retained by the Company.  Initially,  the business and management of the Company
will  primarily  consist of the  business  and  management  of the  Association.
Initially, the Company will neither own nor lease any property, but will instead
use the premises,  equipment and  furniture of the  Association.  At the present
time,  the Company does not intend to employ any persons  other than officers of
the  Association,  and  the  Company  will  utilize  the  support  staff  of the
Association from time to time. Additional employees will be hired as appropriate
to the extent the Company expands or changes its business future.

Management  believes that the holding company structure will provide the Company
with  additional  flexibility  to  diversify,  should it  decide  to do so,  its
business  activities through existing or newly formed  subsidiaries,  or through
acquisitions  of or mergers  with other  financial  institutions  and  financial
services  related  companies.   Although  there  are  no  current  arrangements,
understandings or agreements,  written or oral, regarding any such opportunities
or  transactions,  the  Company  is now in a  position,  subject  to  regulatory
limitations and the Company's financial position,  to take advantage of any such
acquisition and expansion  opportunities  that may arise. The initial activities
of the Company are anticipated to be funded by proceeds  retained by the Company
and earnings thereon or, alternatively, through dividends from the Association.

To date, the Company has not engaged in any business activities other than those
related to the Conversion.


                                       7
<PAGE>
                       Ponchatoula Homestead Savings, F.A.
                                   FORM 10-QSB

                         Six Months Ended June 30, 1998


                           PART II - OTHER INFORMATION


Item 1 - Legal Proceedings:

         There are no matters required to be reported under this item.


Item 2 - Changes in Securities:

         There are no matters required to be reported under this item.


Item 3 - Defaults Upon Senior Securities:

         There are no matters required to be reported under this item.


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

         On  March  25,  1998,  the  Association  executed  a  consent  of  sole
         stockholder pursuant to which it approved the division of the directors
         of the  Company  into  three  classes,  as  follows:  the first  class,
         consisting of John C. Bohning and Milton J.  Schanzbach,  for a term of
         office  expiring  in 1998;  the second  class  consisting  of Robert H.
         Gabriel and Barbara B. Theriot,  for a term of office expiring in 1999;
         and the third class, consisting of Lawrence C. Caldwell, Jr., Dennis E.
         James and Allen B. Pierson, Jr., for a term of office expiring in 2000,
         or until their successors are elected and appointed.

Item 5 - Other Information:

         There are no matters required to be reported under this item.


Item 6 - Exhibits and Reports on Form 8-K:

         a.) Exhibits:

             Exhibit No                  Description
             ----------                  -----------

                27.1             Financial Data Schedule

                99.1             Information for the Association in the format
                                 of a Form 10-QSB for the quarter ended June
                                 30, 1998.
         b.) Reports:
             No reports on Form 8-K were filed by the Registrant
             during the quarter ended March 31, 1998.


                                       8
<PAGE>
                                   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.


                        HOMESTEAD MUTUAL HOLDING COMPANY



Date: August 14, 1998                   BY /s/Lawrence C. Caldwell, Jr.
      ---------------                      -------------------------------------
                                           Lawrence C. Caldwell, Jr.
                                           President and Chief Executive Officer



Date: August 14, 1998                   BY /s/Kelly Morse
      ---------------                      -------------------------------------
                                           Kelly Morse
                                           Comptroller