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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                -----------------

                                    FORM 10-Q

                                   (Mark One)

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

                  For the quarterly period ended March 31, 2002

                                       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 0-21491

                            Big Foot Financial Corp.
             (Exact name of registrant as specified in its charter)

              ILLINOIS                                       36-410848-0
(State or other jurisdiction of                              (IRS Employer
incorporation or organization)                               Identification No.)

                       1190 RFD, Long Grove, IL 60047-7304
                    (Address of principal executive offices)
                                   (Zip Code)
                                 (847) 634-2100
               (Registrant's telephone number including area code)
                                       NA
              (Former name, former address and former fiscal year,
                          if changed from 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 twelve months (or for such shorter period that the
    registrant was required to file such reports), and (2) has been subject
                to such filing requirement for the past 90 days.

   Yes   X                                                        No
       -----                                                         ------


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

                                                           OUTSTANDING AT
                   CLASS                                    MAY 14, 2002
                   -----                                   ---------------
      Common Stock, Par Value $.01                             1,509,168


<PAGE>


                                TABLE OF CONTENTS

                         PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS OF BIG FOOT FINANCIAL CORP.

         Consolidated Statements of Financial Condition (Unaudited)
         March 31, 2002 and June 30, 2001.................................Page 3

         Consolidated Statements of Earnings (Unaudited) - Three months
         and Nine months ended March 31, 2002 and 2001....................Page 4

         Consolidated Statements of Cash Flows (Unaudited) - Nine months
         ended March 31, 2002 and 2001....................................Page 5

         Notes to Unaudited Consolidated Financial Statements.............Page 6

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS........................................Page 8

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK......Page 14


                         PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS...............................................Page 15

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.......................Page 15

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.................................Page 15

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.............Page 15

ITEM 5.  OTHER INFORMATION...............................................Page 15

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K................................Page 15

         SIGNATURES


                                       2

<PAGE>





<TABLE>
<CAPTION>
                     BIG FOOT FINANCIAL CORP. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                   (Unaudited)
                       (In thousands, except share data)

                                                                                       MARCH 31,    JUNE 30,
                                                                                         2002         2001
                                                                                       ---------    --------
                              ASSETS
<S>                                                                                   <C>           <C>
Cash and due from banks ..........................................................    $  3,331      $  2,641
Interest-earning deposits ........................................................       6,880         9,170
Mortgage-backed securities held-to-maturity, at amortized cost
(fair value of $5,105 at March 31, 2002 and $8,111 at June 30, 2001) .............       5,030         8,080
Mortgage-backed securities available-for-sale, at fair value .....................       9,322        14,328
Investment securities held-to-maturity, at amortized cost ........................       3,000         3,000
Investment securities available-for-sale, at fair value ..........................       5,921         6,442
Loans receivable, net ............................................................     176,817       170,188
Accrued interest receivable ......................................................       1,158         1,009
Stock in Federal Home Loan Bank of Chicago, at cost ..............................       3,872         3,699
Foreclosed real estate owned .....................................................           -             -
Office properties and equipment, net .............................................       3,949         4,215
Prepaid expenses and other assets ................................................         348           872
                                                                                      --------      ---------
Total assets .....................................................................    $219,628      $223,644
                                                                                      ========      =========

                           LIABILITIES
Noninterest-bearing NOW accounts .................................................    $  6,893      $  6,918
Interest-bearing NOW accounts ....................................................       8,807        10,272
Money market demand accounts .....................................................      11,628         9,460
Passbook accounts ................................................................      40,448        35,396
Certificates of deposit ..........................................................      65,074        66,161
                                                                                      --------      ---------
Total savings deposits ...........................................................     132,850       128,207

Borrowed money ...................................................................      53,000        61,000
Advance payments by borrowers for taxes and insurance ............................       1,765         2,240
Accrued interest payable and other liabilities ...................................       3,547         4,115
                                                                                      --------      ---------
Total liabilities ................................................................     191,162       195,562
                                                                                      --------      ---------

                       STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value, 2,000,000 shares authorized; none issued ........           -             -
Common stock, $.01 par value, 8,000,000 shares authorized; 2,512,750 shares issued          25            25
Treasury stock, at cost (1,003,582 shares at March 31, 2002 and 965,082
     shares at June 30, 2001).....................................................     (13,179)      (12,582)
Additional paid-in capital .......................................................      24,518        24,437
Retained earnings-substantially restricted .......................................      18,113        17,580
Common stock acquired by the Employee Stock Ownership Plan .......................      (1,106)       (1,106)
Common stock acquired by Recognition and Retention Plan...........................        (446)         (709)
Accumulated other comprehensive income ...........................................         541           437
                                                                                      --------      ---------
Total stockholders' equity .......................................................      28,466        28,082
                                                                                      --------      ---------
Total liabilities and stockholders' equity .......................................    $219,628      $223,644
                                                                                      ========      =========
</TABLE>


     (See accompanying notes to unaudited consolidated financial statements)


<PAGE>


<TABLE>
<CAPTION>
                                   BIG FOOT FINANCIAL CORP. AND SUBSIDIARY
                                     CONSOLIDATED STATEMENTS OF EARNINGS
                                                 (Unaudited)
                                    (In thousands, except per share data)

                                                                     FOR THE THREE MONTHS  FOR THE NINE MONTHS
                                                                             ENDED              ENDED
                                                                             MARCH 31,         MARCH 31,
                                                                     --------------------  -------------------
                                                                        2002       2001     2002      2001
                                                                       ------     ------   -------   ------
<S>                                                                    <C>        <C>      <C>       <C>
                           INTEREST INCOME
Mortgage-backed securities held-to-maturity..........................  $   78     $  150   $   303   $   494
Mortgage-backed securities available-for-sale........................     142        257       514       848
Investment securities................................................     137        145       442       426
Loans receivable.....................................................   2,996      2,924     9,132     8,633
Interest-earning deposits............................................      45         82       149       199
Federal Home Loan Bank of Chicago stock..............................      48         62       161       199
                                                                       ------     ------   -------   -------
Total interest income ...............................................   3,446      3,620    10,701    10,799
                                                                       ------     ------   -------   -------

                          INTEREST EXPENSE
Savings deposits.....................................................     999      1,265     3,367     3,385
Borrowed money.......................................................     691        867     2,245     2,964
                                                                       ------     ------   -------   -------
Total interest expense...............................................   1,690      2,132     5,612     6,349
                                                                       ------     ------   -------   -------
Net interest income before provision for loan losses.................   1,756      1,488     5,089     4,450
Provision for loan losses ...........................................       -          -         -         -
                                                                       ------     ------   -------   -------
Net interest income after provision for loan losses .................   1,756      1,488     5,089     4,450
                                                                       ------     ------   -------   -------

                         NONINTEREST INCOME
Service fees ........................................................      66         65       233       197
Gain (loss) on sale of securities available-for-sale.................      23        149       (25)      149
Other ...............................................................      11         18        32        51
                                                                       ------     ------   -------   -------
Total noninterest income.............................................     100        232       240       397
                                                                       ------     ------   -------   -------

                         NONINTEREST EXPENSE
Compensation and benefits............................................     805        767     2,273     2,215
Office occupancy.....................................................     271        281       830       795
Federal deposit insurance premiums...................................       6          6        18        18
Professional services................................................     103        107       454       414
Other ...............................................................     191        177       586       554
                                                                       ------     ------   -------   -------
Total noninterest expense ...........................................   1,376      1,338     4,161     3,996
                                                                       ------     ------   -------   -------

Income before income taxes...........................................     480        382     1,168       851
Income tax expense...................................................     163        107       382       219
                                                                       ------     ------   -------   -------
                             NET INCOME                                $  317     $  275   $   786   $   632
                                                                       ======     ======   =======   =======
------------------------------------------------------------------------------------------------------------
Earnings per share:
   Basic.............................................................  $ 0.22     $ 0.17   $  0.56   $  0.39
   Diluted...........................................................    0.22       0.17      0.56      0.39
</TABLE>

     (See accompanying notes to unaudited consolidated financial statements)


<PAGE>


<TABLE>
<CAPTION>
                     BIG FOOT FINANCIAL CORP. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (In thousands)
                                                                                            FOR THE
                                                                                       NINE MONTHS ENDED
                                                                                            MARCH 31,
                                                                                     ----------------------
                                                                                      2002           2001
                                                                                     -------        -------
<S>                                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income ........................................................................  $   786        $   632
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and  amortization                                                           318            322
Market adjustment for committed ESOP shares........................................       81             37
Amortization of award of RRP shares................................................      263            217
(Gain) loss on sale of investment securities available-for-sale....................       25           (149)
Federal Home Loan Bank of Chicago stock dividends..................................     (173)          (191)
Net amortization of deferred loan fees ............................................      (76)           (45)
Net amortization of discounts and premiums.........................................       91             94
(Increase) decrease in accrued interest receivable.................................     (149)            44
Decrease in prepaid expenses and other assets......................................      524             94
Decrease in accrued interest payable and other liabilities, net....................     (621)          (938)
                                                                                     -------        -------
Net cash provided by operating activities..........................................    1,069            117
------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:

Origination of loans receivable....................................................  (32,784)       (20,466)
Principal repayment of loans receivable............................................   26,231         12,939
Principal repayments on mortgage-backed securities held-to-maturity................    3,010          8,981
Principal repayments on mortgage-backed securities available-for-sale..............    5,040          4,813
Purchase of investment securities available-for-sale...............................        -         (1,386)
Proceeds from sale investment securities available-for-sale........................      567          1,280
Purchase of stock in Federal Home Loan Bank of Chicago.............................        -           (145)
Proceeds from sale of foreclosed real estate.......................................        -             78
Purchase of office properties and equipment, net...................................      (52)          (117)
                                                                                     -------        -------
Net cash provided by investing activities..........................................    2,012          5,977
------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in savings deposits...................................................    4,643         10,232
Net decrease in borrowed money.....................................................   (8,000)        (9,000)
Decrease in advance payments by borrowers for taxes and insurance..................     (475)          (147)
Payment of cash dividend...........................................................     (252)          (238)
Purchase of treasury stock.........................................................     (597)          (513)
                                                                                     -------        -------
Net cash provided by (used in) financing activities ...............................   (4,681)           334
------------------------------------------------------------------------------------------------------------
Net increase (decrease) in cash and cash equivalents...............................   (1,600)         6,428
Cash and cash equivalents at the beginning of the period...........................   11,811          6,334
                                                                                     -------        -------
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD.................................  $10,211        $12,762
------------------------------------------------------------------------------------------------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
   Interest .......................................................................  $ 5,881        $ 6,232
   Income taxes ...................................................................      325            175
</TABLE>


     (See accompanying notes to unaudited consolidated financial statements)


<PAGE>



                     BIG FOOT FINANCIAL CORP. AND SUBSIDIARY

              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(1)  BASIS OF PRESENTATION

     The accompanying unaudited consolidated financial statements include the
accounts of Big Foot Financial Corp. (the "Company") and its wholly-owned
subsidiary, Fairfield Savings Bank, F.S.B. (the "Bank") as of March 31, 2002 and
June 30, 2001 and for the three and nine month periods ended March 31, 2002 and
2001. Material intercompany accounts and transactions have been eliminated in
consolidation. The accompanying unaudited consolidated financial statements have
been prepared in accordance with generally accepted accounting principles for
interim financial information and with the instructions to Form 10-Q and Article
10 of Regulation S-X. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements. The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosures of contingent assets and
liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates. In the opinion of management the unaudited consolidated
financial statements include all necessary adjustments, consisting of normal
recurring accruals, necessary for a fair presentation for the periods presented.
These consolidated financial statements should be read in conjunction with the
audited consolidated financial statements for the year ended June 30, 2001, and
the notes thereto included in the Company's 2001 Annual Report on Form 10-K.

     The Company believes that the disclosures are adequate to make the
information presented not misleading; however, the results for the periods
presented are not necessarily indicative of results to be expected for the
entire fiscal year.

(2)  EARNINGS PER SHARE

     Earnings per share of common stock are calculated according to the
guidelines of the Financial Accounting Standards Board's ("FASB") Statement of
Financial Accounting Standards ("SFAS") No. 128 "Earnings per Share" ("Statement
128"). ESOP shares are only considered outstanding for earnings per share
calculations when they are released or committed to be released. Presented below
are the calculations for basic and diluted earnings per share:


                                       6

<PAGE>



<TABLE>
<CAPTION>
                                                  THREE MONTHS ENDED          NINE MONTHS ENDED
                                                       MARCH 31,                  MARCH 31,
                                              -------------------------    -------------------------
                                                  2002          2001          2002           2001
                                              -----------    ----------    ----------     ----------
BASIC:
<S>                                            <C>           <C>           <C>            <C>
Net income.................................... $  317,000    $  275,000    $  786,000     $  632,000
Weighted average shares outstanding...........  1,411,246     1,594,477     1,411,238      1,601,381
Basic earnings per share......................       0.22          0.17          0.56           0.39

DILUTED:
Net income.................................... $  317,000    $  275,000    $  786,000     $  632,000
Weighted average shares outstanding...........  1,411,246     1,594,477     1,411,238      1,601,381
Effect of dilutive stock options outstanding..      8,925           505         1,538              -
Diluted weighted average shares outstanding...  1,420,171     1,594,982     1,412,776      1,601,381
Diluted earnings per share....................       0.22          0.17          0.56           0.39
</TABLE>


(3)  COMPREHENSIVE INCOME

     The Company's comprehensive income for the three and nine month periods
ended March 31, 2002 and 2001 is as follows:

<TABLE>
<CAPTION>
                                                                                   THREE MONTHS ENDED     NINE MONTHS ENDED
                                                                                        MARCH 31,             MARCH 31,
                                                                                ----------------------  ---------------------
                                                                                   2002        2001       2002         2001
                                                                                 --------    --------   --------   ----------
<S>                                                                              <C>         <C>        <C>        <C>
Net income...................................................................... $317,000    $275,000   $786,000   $  632,000
Other comprehensive income (loss), net of tax:
   Unrealized holding gains (losses) arising during the period..................  (19,000)    405,000     88,000    1,328,000
   Reclassification adjustment for net (gains) losses realized in net income....  (15,000)    (98,000)    16,000      (98,000)
                                                                                 ---------   --------   ----------  ---------
Comprehensive income............................................................ $283,000    $582,000   $890,000   $1,862,000
                                                                                 ========    ========   ==========  =========
</TABLE>


(4)  DIVIDEND DECLARATION

     On February 19, 2002, the Board of Directors declared a quarterly dividend
of $.06 per share, which was paid on March 15, 2002 to stockholders of record on
February 28, 2002.

(5)  STOCK REPURCHASE PROGRAM

     The Stock Repurchase Programs adopted by the Company authorized the
repurchase of 1,016,099 shares, or over 40 percent of the 2,512,750 shares of
common stock issued in the Company's initial public offering. At March 31, 2002,
1,003,582 shares have been repurchased at an average cost of $13.13 per share.
Additional authorizations to repurchase stock may be made from time to time at
the discretion of the Board of Directors. Management continues to believe that
stock repurchase programs are an effective capital management tool and provide
enhanced value to both the Company and its stockholders.



                                       7
<PAGE>


                                     ITEM 2
                                     ------
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

     This Quarterly Report on Form 10-Q contains certain forward looking
statements consisting of estimates with respect to the financial condition,
results of operations and business of the Company that are subject to various
factors which could cause actual results to differ materially from these
estimates. These factors include: changes in general, economic and market
conditions; the development of an adverse interest rate environment that
adversely affects the interest rate spread or other income anticipated from the
Company's operations and investments; and depositor and borrower preferences.
The Company disclaims any obligation to publically announce future events or
developments which may affect the forward-looking statements contained herein.

GENERAL

     The Company's principal business is its investment in the Bank, which is a
community-oriented financial institution providing a variety of financial
services to the communities which it serves. The Bank's principal business
consists of gathering savings deposits from the general public within its market
area and investing those funds primarily in mortgage loans secured by one- to
four-family owner occupied properties, mortgage-backed securities and
obligations of the U.S. Government. To a lesser extent, the Bank makes
multifamily residential loans, commercial real estate loans, land, construction
and development loans, consumer loans and commercial lines of credit. The Bank's
revenues are derived principally from interest on mortgage loans and interest
and dividends on investments, mortgage-backed securities and, to a much lesser
extent, short-term investments. The Bank also derives income from fees and
service charges. The Bank's primary sources of funds are savings deposits and,
to a lesser extent, advances from the Federal Home Loan Bank of Chicago (the
"FHLB"). The Bank does not have any subsidiaries.

     The selected financial ratios and other data of the Company set forth in
the table on the next page are derived in part from, and should be read in
conjunction with, the Unaudited Consolidated Financial Statements of the Company
presented elsewhere in this report.


                                       8
<PAGE>





FINANCIAL HIGHLIGHTS (unaudited)
(Dollars in thousands, except per share data)

<TABLE>
<CAPTION>
                                                                      MARCH 31,       JUNE 30,
                                                                        2002            2001
                                                                      ---------       --------
<S>                                                                   <C>             <C>
SELECTED FINANCIAL CONDITION DATA:
  Total assets....................................................... $219,628        $223,644
  Loans receivable (net).............................................  176,817         170,188
  Allowance for loan losses..........................................      300             300
  Mortgage-backed securities.........................................   14,352          22,408
  Savings deposits...................................................  132,850         128,207
  Borrowed funds.....................................................   53,000          61,000
  Stockholders' equity...............................................   28,466          28,082

SELECTED FINANCIAL RATIOS:
  Bank Capital ratios (1):
    Tangible.........................................................    10.72%          10.14%
    Core.............................................................    10.72           10.14
    Risk-based.......................................................    22.20           21.48
  Consolidated equity to assets......................................    12.96           12.56
  Non-performing assets as a percent of total assets.................     0.09            0.05
  Allowance for loan losses as a percent of total loans..............     0.17            0.18
  Allowance for loan losses as a percent of non-performing loans.....   146.34          267.86
</TABLE>



<TABLE>
<CAPTION>
                                                                       FOR THE                 FOR THE
                                                                 THREE MONTHS ENDED       NINE MONTHS ENDED
                                                                       MARCH 31,               MARCH 31,
                                                                 ------------------      ------------------
                                                                    2002      2001        2002       2001
                                                                 --------   -------      ------     -------
<S>                                                               <C>       <C>          <C>        <C>
SELECTED OPERATING DATA:
   Net interest income before provision for loan losses.........  $ 1,756   $ 1,488      $5,089     $ 4,450
   Net income...................................................      317       275         786         632

SELECTED FINANCIAL RATIOS:
    Return on average assets (2)................................     0.57      0.50        0.46        0.39
    Return on average stockholders' equity (2)..................     4.47      3.70        3.72        2.88
    Noninterest expense to average assets (2)...................     2.45      2.45        2.46        2.47

PER SHARE DATA:
    Basic earnings per share....................................  $  0.22   $  0.17     $  0.56     $  0.39
    Diluted earnings per share..................................     0.22      0.17        0.56        0.39
    Book value per share at end of period.......................    18.86     17.58       18.86       17.58
    Cash dividends per share....................................     0.06      0.05        0.18        0.15

STOCK QUOTES:
    High........................................................  $17.600   $14.500     $17.600     $14.500
    Low.........................................................   15.250    12.000      12.900      10.125
    At March 31.................................................   17.390    14.500      17.390      14.500
</TABLE>
---------------------------------------------------------------
(1) Fairfield Savings Bank, FSB only.
(2) Three and nine month results have been annualized.



<PAGE>


      COMPARISON OF FINANCIAL CONDITION AT MARCH 31, 2002 AND JUNE 30, 2001

     Total assets decreased $4.0 million from $223.6 million at June 30, 2001 to
$219.6 million at March 31, 2002. The components of the Company's asset base
also changed from June 30, 2001 to March 31, 2002. Mortgage-backed securities
("MBS") (including both held-to-maturity and available-for-sale portfolios)
decreased $8.0 million from $22.4 million at June 30, 2001 to $14.4 million at
March 31, 2002. This decrease was primarily due to the receipt of $8.1 million
in principal repayments during the nine month period. An increase of $6.6
million in loans receivable was the result of loan originations of $32.8 million
which exceeded the $26.2 million of loan repayments. Interest earning deposits
decreased $2.3 million from $9.2 million at June 30, 2001 to $6.9 million at
March 31, 2002, primarily due to the repayment of borrowed money which was
partially offset by increased savings deposits.

     Investments securities available-for-sale are recorded at fair value and
decreased $500,000 from $6.4 million at June 30, 2001 to $5.9 million at March
31, 2002. This decrease was due to the sale of securities totalling $592,000
which was partially offset by an increase in market value of $92,000. The net
unrealized gain/(loss) in this portfolio is included as a component of
accumulated other comprehensive income/(loss).

     The allowance for loan losses at March 31, 2002 and June 30, 2001 was
$300,000. Management believes that the allowance for loan losses is adequate to
cover any probable losses in the loan portfolio. While management estimates loan
losses using the best available information, no assurance can be made that
future additions to the allowance will not be necessary. The ratio of the
allowance for loan losses to total loans was 0.17% and 0.18% at March 31, 2002
and June 30, 2001, respectively. At March 31, 2002 and June 30, 2001, the ratio
of the allowance for loan losses to non-performing loans was 146.34% and
267.86%, respectively. The Bank had three non-performing loans totaling
approximately $205,000 at March 31, 2002 and one non-performing loan totaling
approximately $112,000 at June 30, 2001. There were no loan chargeoffs during
the nine month periods ended March 31, 2002 and 2001.

     Savings deposits increased $4.6 million from June 30, 2001 to March 31,
2002; during this time, borrowed funds decreased by $8.0 million. Passbook
savings increased $5.0 million and were $40.4 million at March 31, 2002,
compared to $35.4 million at June 30, 2001. Excess liquidity was used to repay
$8.0 million in overnight borrowed money.

     Stockholders' equity at March 31, 2002 was $28.5 million or $384,000
greater than at June 30, 2001. This increase includes net income of $786,000 and
an increase in value of the available-for-sale portfolio of $104,000 (net of
tax) which were offset by treasury stock purchases of $597,000 and dividends
declared of $252,000. The Company's book value was $18.86 per share at March 31,
2002 compared to $18.14 per share at June 30, 2001, an increase of $0.72.


                                       10
<PAGE>


           COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED
                             MARCH 31, 2002 AND 2001

     GENERAL. For the three months ended March 31, 2002, net income was $317,000
or $0.22 basic and diluted earnings per share, compared to $275,000 or $0.17
basic and diluted earnings per share for the three months ended March 31, 2001.

     INTEREST INCOME. Interest income was $3.4 million for the three months
ended March 31, 2002 compared to $3.6 million for the three months ended March
31, 2001. The average balance of interest-earning assets increased $5.3 million
from $209.6 million for the three months ended March 31, 2001 to $214.9 million
for the three months ended March 31, 2002. The average yield on the Bank's
interest-earning assets decreased 50 basis points from 6.91% for the three
months ended March 31, 2001 to 6.41% for the three months ended March 31, 2002.

     INTEREST EXPENSE. Interest expense decreased $442,000 and was $1.7 million
for the three months ended March 31, 2002 compared to $2.1 million for the three
months endend March 31, 2001. The average rate paid on interest-bearing
liabilities decreased 114 basis points from 4.89% for the three months ended
March 31, 2001 to 3.75% for the three months ended March 31, 2002. The average
balance of interest-bearing liabilities increased $5.9 million to $182.8 million
for the three months ended March 31, 2002 from $176.9 million for the three
months ended March 31, 2001. The decrease in the cost of average
interest-bearing liabilities resulted primarly from the renewal of maturing
certificates of deposit and borrowed funds at lower rates.

     NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES. Net interest income
before provision for loan losses was $1.8 million for the three months ended
March 31, 2002 and $1.5 million for the three months ended March 31, 2001. The
average interest rate spread increased 64 basis points from 2.02% for the three
months ended March 31, 2001 to 2.66% for the comparable period in 2002. Net
interest margin increased 44 basis points and was 3.22% for the three months
ended March 31, 2002.

     PROVISION FOR LOAN LOSSES. There was no provision for loan losses for the
three months ended March 31, 2002 or for the comparable period in 2001. See
"Comparison of Financial Condition at March 31, 2002 and June 30, 2001."

     NONINTEREST INCOME. Noninterest income was $100,000 for the three months
ended March 31, 2002, compared to $232,000 for the three months ended March 31,
2001. The decrease was primarly due to a $149,000 gain on the sale of
available-for-sale investment securities during the quarter ended March 31, 2001
compared to a $23,000 gain on the sale of available-for-sale investment
securities during the quarter ended March 31, 2002.

     NONINTEREST EXPENSE. Noninterest expense increased $38,000 and was $1.4
million for the three months ended March 31, 2002, compared to $1.3 million for
the three months ended March 31, 2001. Compensation and benefits expense
increased $38,000 to $805,000 for the quarter ended March 31, 2002 over the
similar period last year primarily due to increased costs of stock incentive
employee benefits and increased salaries of employees, which were partially
offset by reduced staffing levels.


                                       11

<PAGE>

     INCOME TAX EXPENSE. Income tax expense increased $56,000 from $107,000 for
the three months ended March 31, 2001 to $163,000 for the three months ended
March 31, 2002. This increase was partially due to an increase of $98,000 in
pre-tax income. The effective tax rate was 34% for the three months ended March
31, 2002 and 28% for the three month period ended March 31, 2001. The increase
in the effective tax rate was primarily due to a decrease in the dividends
received deduction recorded in the third quarter of fiscal year 2002 for
dividends received on certain of the Company's investments in preferred stock.


            COMPARISON OF OPERATING RESULTS FOR THE NINE MONTHS ENDED
                             MARCH 31, 2002 AND 2001

     GENERAL. For the nine months ended March 31, 2002, net income was $786,000
or $0.56 basic and diluted earnings per share, compared to $632,000 or $0.39
basic and diluted earnings per share for the nine months ended March 31, 2001.

     INTEREST INCOME. Interest income was $10.7 million for the nine months
ended March 31, 2002, compared to $10.8 million for the nine months ended March
31, 2001. The average balance of interest-earning assets increased $9.3 million
from $207.0 million for the nine months ended March 31, 2001 to $216.3 million
for the nine months ended March 31, 2002. The average yield on the Bank's
interest-earning assets decreased 36 basis points from 6.96% for the nine months
ended March 31, 2001 to 6.60% for the nine months ended March 31, 2002.

     INTEREST EXPENSE. Interest expense decreased $737,000 to $5.6 million for
the nine months ended March 31, 2002 as compared to $6.3 million for the same
period in 2001. The average rate paid on interest-bearing liabilities decreased
76 basis points from 4.83% for the nine months ended March 31, 2001 to 4.07% for
the nine months ended March 31, 2002. The average balance of interest-bearing
liabilities increased $8.7 million to $183.9 million for the nine months ended
March 31, 2002 from $175.2 million for the nine months ended March 31, 2001. The
decrease in the cost of average interest-bearing liabilities resulted primarily
from the renewal of maturing certificates of deposit and borrowed funds at lower
rates.

     NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES. Net interest income
before provision for loan losses increased $639,000 and was $5.1 million for the
nine months ended March 31, 2002 and $4.5 million for the comparable period in
2001. The average interest rate spread increased 40 basis points from 2.13% for
the nine months ended March 31, 2001 to 2.53% for the nine months ended March
31, 2002. Net interest margin increased 27 basis points from 2.87% for the nine
months ended March 31, 2001 to 3.14% for the nine months ended March 31, 2002.

     PROVISION FOR LOAN LOSSES. There was no provision for loan losses for the
nine months ended March 31, 2002 and for the comparable period in 2001. See
"Comparison of Financial Condition at March 31, 2002 and June 30, 2001."

     NONINTEREST INCOME. Noninterest income was $240,000 for the nine months
ended March 31, 2002 compared to $397,000 for the nine months ended March 31,
2001. The decrease was primarly due to a $149,000 gain on the sale of certain
available-for-sale investment securities


                                       12
<PAGE>


during the nine months ended March 31, 2001, compared to a $25,000 loss on the
sale of certain availabe-for-sale investment securities during the nine months
ended March 31, 2002.

     NONINTEREST EXPENSE. Noninterest expense increased $165,000 from $4.2
million for the nine months ended March 31, 2002 as compared to $4.0 million for
the comparable period in 2001. Compensation and benefits expense increased
$58,000 to $2.3 million for the nine month period ended March 31, 2002 primarily
due to the increased costs of stock incentive employee benefits and increased
salaries of employees, which were partially offset by reduced staffing level.
Office occupancy expense was $830,000 for the nine months ended March 31, 2002,
compared to $795,000 for the same period in 2001. This increase was primarily
due to building and land improvement repairs made during the nine months ended
March 31, 2002, while no similar expenditures occurred in the prior year.
Professional service expense was $454,000 for the nine months ended March 31,
2002 compared to $414,000 for the nine months ended March 31, 2002. This
increase was primarily due to consulting payments made to certain retired
executives of the Company.

     INCOME TAX EXPENSE. Income tax expense increased $163,000 from $219,000 for
the nine months ended March 31, 2001 to $382,000 for the nine months ended March
31, 2002. The effective tax rate was 33% for the nine months ended March 31,
2002 and 26% for the nine month period ended March 31, 2001. The increase in the
effective tax rate was primarily due to a decrease in the dividends received
deduction recorded in fiscal year 2002 for dividends received on certain of the
Company's investments in preferred stock.

                         LIQUIDITY AND CAPITAL RESOURCES

     The Bank's primary sources of funds are savings deposits, principal and
interest payments on loans and mortgage-backed securities, and borrowings from
the FHLB. While maturities and scheduled amortization of loans and
mortgage-backed securities provide an indication of the timing of the receipt of
funds, changes in interest rates, economic conditions and competition strongly
influence mortgage prepayment rates and savings deposit flows, reducing the
predictability of the timing of sources of funds. Net cash provided by operating
activities amounted to $1.1 million during the nine months ended March 31, 2002
compared to $117,000 during the nine months ended March 31, 2001.

     Under Office of Thrift Supervision regulations, the Bank is required to
maintain sufficient liquidity to ensure its safe and sound operation. At March
31, 2002, the Bank's liquidity ratio was 15.68%. The Bank's liquidity ratio is
high due to the amount of mortgage-backed-securities held in the Bank's
investment portfolio with a stated maturity of less than five years. The levels
of the Bank's short-term liquid assets are dependent on the Bank's operating,
financing and investing activities during any given period.

     The primary investing activities of the Bank during the nine months ended
March 31, 2002 and 2001 were the origination of mortgage and other loans.

     See the "Consolidated Statements of Cash Flows" in the Unaudited
Consolidated Financial Statements included in this Report on Form 10-Q for the
sources and uses of cash flows for operating activities and financing and
investing activities for the nine months ended March 31, 2002 and 2001.


                                       13

<PAGE>


     At March 31, 2002, the Bank had outstanding loan origination commitments of
$1.8 million and unused lines of consumer credit of $1.0 million. The Bank
anticipates that it will have sufficient funds available to meet its current
origination and other lending commitments. Certificates of deposit scheduled to
mature in one year or less from March 31, 2002 totaled $32.6 million. Based upon
the Bank's most recent pricing strategy, management believes that a significant
portion of such deposits will remain with the Bank. Management believes it will
have adequate resources to fund all commitments on a short term and long term
basis in accordance with its business strategy.

     At March 31, 2002, the Bank exceeded all of its regulatory capital adequacy
requirements with a tangible capital level of $23.2 million, or 10.72% of total
adjusted assets, which is above the required level of $3.2 million or 1.5%; core
capital of $23.2 million, or 10.72% of total adjusted assets, which is above the
required level of $6.5 million or 3.0%; and total risk-based capital of $23.5
million, or 22.2% of risk-weighted assets, which is above the required level of
$8.5 million, or 8.0%.

                       IMPACT OF NEW ACCOUNTING STANDARDS

     In July 2001, the Financing Accounting Standards Board's (the "FASB")
issued SFAS No. 141, "Business Combinations" (SFAS No. 141) and SFAS No. 142,
"Goodwill and Other Intangible Assets" (SFAS No. 142). SFAS No. 141 requires
that all business combinations initiated after June 30, 2001 by accounted for
under the purchase method and addresses the initial recognition and measurement
of goodwill and other intangible assets acquired in a business combination. SFAS
No. 142 addresses the initial recognition and measurement of intangible assets
acquired outside of a business combination and the accounting for goodwill and
other intangible assets subsequent to their acquisition. SFAS No. 142 provides
that intangible assets with finite useful lives be amortized and that goodwill
and intangible assets with indefinite lives will not be amortized, but will
rather be tested at least annually for impairment. SFAS No. 142 is effective
January 1, 2002 for calendar year companies; however, any acquired goodwill or
intangible assets recorded in transactions closed subsequent to June 30, 2001
will be subject immediately to the nonamortization and amortization provisions
of SFAS No. 142. The Company anticipates that the adoption of SFAS No. 141 and
No. 142 on July 1, 2002 will not have a material impact on the Company's results
of operations or financial condition.

                                     ITEM 3.
           QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

     There has been no material change in market risk since that disclosed in
Item 7A of the Company's Form 10-K for the year ended June 30, 2001.


                                       14

<PAGE>


                                     PART II
                                OTHER INFORMATION

ITEM 1.   Legal Proceedings
          None

ITEM 2.   Changes in Securities and Use of Proceeds
          None

ITEM 3.   Defaults Upon Senior Securities
          None

ITEM 4.   Submission of Matters to a Vote of Security Holders
          None

ITEM 5.   Other Information
          None

ITEM 6.   Exhibits and Reports on Form 8-K
          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.

                                                   BIG FOOT FINANCIAL CORP.
                                                         (Registrant)



                                              By: /s/Michael J. Cahill
                                                  ---------------------------
                                                     Michael J. Cahill
                                                  Senior Vice President and
                                                   Chief Financial Officer
May 14, 2002


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