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 December 31, 1999

                                       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                                     FEBRUARY 10, 2000
             -----                                     -----------------
   Common Stock, Par Value $.01                            2,047,909


<PAGE>


                                TABLE OF CONTENTS

                         PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS OF BIG FOOT FINANCIAL CORP.

          Consolidated  Statements of Financial Condition  (Unaudited)
          December 31, 1999 and June 30, 1999 .........................  Page 3

          Consolidated  Statements  of  Earnings  (Unaudited)  - Three
          months and Six months ended December 31, 1999 and 1998 ......  Page 4

          Consolidated  Statements  of Cash  Flows  (Unaudited)  - Six
          months ended December 31, 1999 and 1998 .....................  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 16


                           PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS ...........................................  Page 16

ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS ...................  Page 16

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES .............................  Page 16

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS .........  Page 16

ITEM 5.   OTHER INFORMATION ...........................................  Page 16

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K ............................  Page 16

          SIGNATURES


                                       2

<PAGE>



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

<TABLE>
<CAPTION>
                                                                                   DECEMBER 31,        JUNE 30,
                                      ASSETS                                           1999              1999
                                                                                   --------------    --------------
<S>                                                                                  <C>                <C>
Cash and due from banks .......................................................      $   3,093          $   3,126
Interest-earning deposits .....................................................          2,299              7,501
Mortgage-backed securities held-to-maturity, at amortized cost
   (fair value of $22,749 at December 31, 1999 and $28,055 at June 30, 1999)...         23,513             28,567
Mortgage-backed securities available-for-sale, at fair value ..................         21,877             25,447
Investment in mutual funds and preferred stock, at fair value .................          2,804              3,320
Loans receivable, net .........................................................        146,830            138,517
Accrued interest receivable ...................................................            907                979
Stock in Federal Home Loan Bank of Chicago, at cost ...........................          2,800              2,600
Investment in real estate held for sale and development, net ..................             --                154
Office properties and equipment, net ..........................................          4,673              4,820
Prepaid expenses and other assets .............................................            363                462
                                                                                     ---------          ---------
Total assets...................................................................      $ 209,159          $ 215,493
                                                                                     =========          =========

                                   LIABILITIES

Noninterest-bearing NOW accounts ..............................................      $   5,781          $   5,949
Interest-bearing NOW accounts .................................................          8,447             10,020
Money market demand accounts ..................................................         11,091             10,865
Passbook accounts .............................................................         36,660             39,358
Certificates of deposit .......................................................         54,536             57,725
                                                                                     ---------          ---------
Total savings deposits ........................................................        116,515            123,917

Borrowed money ................................................................         56,000             52,000
Advance payments by borrowers for taxes and insurance .........................          1,891              1,866
Accrued interest payable and other liabilities ................................          2,125              2,988
                                                                                     ---------          ---------

Total liabilities .............................................................        176,531            180,771
                                                                                     ---------          ---------

                              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 (380,381 shares at December 31, 1999 and 241,801
  shares at June 30, 1999) ....................................................         (5,119)            (3,259)
Additional paid-in capital ....................................................         24,496             24,463
Retained earnings-substantially restricted ....................................         16,936             16,866
Common stock acquired by the ESOP .............................................         (1,508)            (1,508)
Common stock acquired by Recognition and Retention Plan .......................         (1,194)            (1,385)
Accumulated other comprehensive loss ..........................................         (1,008)              (480)
                                                                                     ---------          ---------
Total stockholders' equity ....................................................         32,628             34,722
                                                                                     ---------          ---------
Total liabilities and stockholders' equity ....................................      $ 209,159          $ 215,493
                                                                                     =========          =========
</TABLE>

     (See accompanying notes to unaudited consolidated financial statements)


                                       3

<PAGE>



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

<TABLE>
<CAPTION>
                                                                    FOR THE THREE MONTHS              FOR THE SIX MONTHS
                                                                            ENDED                            ENDED
                                                                         DECEMBER 31,                    DECEMBER 31,
                                                                 ------------------------------  ------------------------------
                                                                     1999            1998            1999             1998
                                                                 -------------   --------------  --------------   -------------
<S>                                                                 <C>               <C>            <C>               <C>
                                 INTEREST INCOME
Mortgage-backed securities held-to-maturity ..................      $  334            $  564         $  698            $1,204
Mortgage-backed securities available-for-sale ................         360               411            740               884
Mutual funds and preferred stock .............................          54               121            108               164
Loans receivable .............................................       2,551             2,230          5,015             4,421
Interest-earning deposits ....................................          59               177            133               335
FHLB of Chicago stock ........................................          45                51             87               108
                                                                    ------            ------         ------            ------
Total interest income ........................................       3,403             3,554          6,781             7,116
                                                                    ------            ------         ------            ------

                                INTEREST EXPENSE
Savings deposits .............................................       1,046             1,185          2,129             2,388
Borrowed money ...............................................         778               743          1,507             1,490
                                                                    ------            ------         ------            ------
Total interest expense .......................................       1,824             1,928          3,636             3,878
                                                                    ------            ------         ------            ------
Net interest income before provision for loan losses .........       1,579             1,626          3,145             3,238
Provision for loan losses ....................................          --                --             --                --
                                                                    ------            ------         ------            ------
Net interest income after provision for loan losses ..........       1,579             1,626          3,145             3,238
                                                                    ------            ------         ------            ------

                               NONINTEREST INCOME
Service fees .................................................          66                67            136               128
Other ........................................................          17                 6             27                14
                                                                    ------            ------         ------            ------
Total noninterest income .....................................          83                73            163               142
                                                                    ------            ------         ------            ------

                               NONINTEREST EXPENSE
Compensation and benefits ....................................         790               846          1,537             1,573
Office occupancy .............................................         270               261            559               528
Federal deposit insurance premiums ...........................          19                19             37                38
Real estate held for sale and development ....................          --                11              8                23
Professional services ........................................         209                76            328               148
Other ........................................................         204               252            382               440
                                                                    ------            ------         ------            ------
Total noninterest expense ....................................       1,492             1,465          2,851             2,750
                                                                    ------            ------         ------            ------

Income before income taxes ...................................         170               234            457               630
Income tax expenses...........................................          61                93            167               238
                                                                    ------            ------         ------            ------
                                   NET INCOME                       $  109            $  141         $  290            $  392
                                                                    ======            ======         ======            ======

-------------------------------------------------------------------------------------------------------------------------------
Earnings per share:
   Basic .....................................................      $ 0.05            $ 0.06         $ 0.14            $ 0.17
   Diluted ...................................................        0.05              0.06           0.14              0.17
</TABLE>

     (See accompanying notes to unaudited consolidated financial statements)


                                       4

<PAGE>

                     BIG FOOT FINANCIAL CORP. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                                                      FOR THE
                                                                                                 SIX MONTHS ENDED
                                                                                                   DECEMBER 31,
                                                                                             ---------------------------
                                                                                               1999            1998
                                                                                             --------      ---------
<S>                                                                                          <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income.............................................................................      $    290       $    392
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amoritization.........................................................           243            208
Market adjustment for committed ESOP shares............................................            33             49
Amortization of award of RRP shares....................................................           191            255
Net amortization of deferred loan fees.................................................           (33)          (102)
Net amortization of discounts and premiums.............................................           186            186
(Increase) decrease in accrued interest receivable/....................................            72             (2)
(Increase) decrease in prepaid expenses and other assets...............................            99            (17)
Decrease in accrued interest payable and other liabilities, net........................          (591)          (940)
                                                                                             --------      ---------
Net cash provided by operating activities..............................................           490             29
------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Origination of loans receivable........................................................       (17,683)       (19,068)
Principal repayment of loans receivable................................................         9,403         11,029
Principal repayments on mortgage-back securities held-to-maturity......................         4,922          9,045
Principal repayments on mortgage-back securities available-for-sale....................         3,232          8,800
Purchase of investment securities available-for-sale...................................            --           (879)
(Purchase) redemption of stock in Federal Home Loan Bank of Bank of Chicago............          (200)           800
Proceeds from sale of real estate held for development.................................           154             --
Purchase of office properties and equipment............................................           (96)          (449)
                                                                                             --------      ---------
Net cash provided by (used in) investing activities....................................          (268)         9,278
------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in savings deposits.......................................................        (7,402)        (1,157)
Net increase (decrease) in borrowed money..............................................         4,000         (1,000)
Increase (decrease) in advance payments by borrowers for taxes and insurance...........            25            (71)
Payment of cash dividend...............................................................          (220)            --
Purchase of treasury stock.............................................................        (1,860)        (1,492)
Purchase of RRP shares.................................................................            --         (1,013)
                                                                                             --------      ---------
Net cash used in financing activities..................................................        (5,457)        (4,478)
------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in cash and cash equivalents...................................        (5,235)         4,574
Cash and cash equivalents at the beginning of period...................................        10,627         13,146
                                                                                             --------      ---------
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD.....................................      $  5,392      $  17,720
------------------------------------------------------------------------------------------------------------------------

SUPPLEMENTAL  DISCLOSURE OF CASH FLOW  INFORMATION:
  Cash paid during the period for:
     Interest..........................................................................         3,645          3,871
     Income taxes......................................................................           301            325
</TABLE>

     (See accompanying notes to unaudited consolidated financial statements)


                                       5

<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 December 31, 1999
and June 30, 1999 and for the three and six month  periods  ended  December  31,
1999 and  1998.  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 generally accepted accounting  principles 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
financial  statements  for the year ended June 30, 1999,  and the notes  thereto
included in the Company's Annual Report.

     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

     Basic  earnings per share is  calculated  by dividing  income  available to
common stockholders by the weighted average number of common shares outstanding.
Diluted  earnings per share is calculated by dividing income available to common
stockholders  by the weighted  average number of common shares  adjusted for the
dilative  effect of outstanding  stock options.  ESOP shares are only considered
outstanding  for earnings per share  calculations  when they are committed to be
released.  Presented below are the calculations for basic and diluted earnings
per share:


                                       6

<PAGE>




<TABLE>
<CAPTION>
                                                                  THREE MONTHS ENDED              SIX MONTHS ENDED
                                                                     DECEMBER 31,                   DECEMBER 31,
                                                              -----------------------------  ----------------------------
                                                                  1999           1998            1999            1998
                                                              -------------- --------------  -------------- -------------
<S>                                                             <C>            <C>             <C>            <C>
BASIC:
Net income ...............................................      $  109,000     $  141,000      $  290,000     $  392,000
Weighted average shares outstanding ......................       2,037,059      2,275,603       2,074,798      2,305,740
Basic earnings per share .................................            0.05           0.06            0.14           0.17
DILUTED:
Net income                                                      $  109,000     $  141,000      $  290,000        392,000
Weighted average shares outstanding ......................       2,037,059      2,275,603       2,074,798      2,305,740
Effect of dilutive stock options outstanding .............              --             --             353             --
Diluted weighted average shares outstanding  .............       2,037,059      2,275,603       2,075,151      2,305,740
Diluted earnings per share ...............................            0.05           0.06            0.14           0.17

</TABLE>


(3)  COMPREHENSIVE INCOME

     The  Company's  comprehensive  income  (loss)  for the  three and six month
periods ended December 31, 1999 and 1998 is as follows:

<TABLE>
<CAPTION>
                                                                          THREE MONTHS ENDED            SIX MONTHS ENDED
                                                                             DECEMBER 31,                 DECEMBER 31,
                                                                      ---------------------------- --------------------------
                                                                          1999           1998         1999          1998
                                                                      -------------- ------------- ------------  ------------
<S>                                                                     <C>            <C>           <C>           <C>
Net income .......................................................      $ 109,000      $ 141,000     $ 290,000     $ 392,000
Other comprehensive income (loss), net of tax:
   Unrealized holding gains (losses) arising during the period ...       (292,000)      (124,000)     (528,000)     (107,000)
                                                                        ---------      ---------     ---------     ---------
Comprehensive income (loss) .......................................     $(183,000)     $  17,000     $(238,000)    $ 285,000
                                                                        =========      =========     =========     =========
</TABLE>


(4)  DIVIDEND DECLARATION

     On November 19, 1999, the Board of Directors  declared a quarterly dividend
of $.05 per share, which was paid on December 15, 1999 to stockholders of record
on November 30, 1999.

(5)  STOCK REPURCHASE PROGRAM

     In December  1999,  the Board of Directors  approved the  repurchase  of an
additional 107,718 shares of the Company's  outstanding common stock. The shares
of common stock available for repurchase under the current  repurchase  program,
together   with  shares  of  common   stock   previously   repurchased,   totals
approximately  18.55% of the total  shares  issued by the Company in the initial
public  offering.  Repurchase  will be made from time to time through  privately
negotiated  transactions,  odd-lot purchases and open-market transactions at the
discretion  of  management.  At  December  31,  1999,  380,381  shares  had been
repurchased  under all of the  repurchase  programs at an average cost of $13.46
per share. 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;  depositor and borrower  preferences;  and
the factors described under "Year 2000."

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

(Dollars in thousands except per share data)

<TABLE>
<CAPTION>
                                                            DECEMBER 31,         JUNE 30,
                                                                1999              1999
                                                            ------------       -----------
<S>                                                            <C>              <C>
SELECTED FINANCIAL CONDITION DATA:
   Total assets .........................................      $209,159         $215,493
   Loans receivable (net) ...............................       146,830          138,517
   Allowance for loan losses ............................           300              300
   Mortgage-backed securities ...........................        45,390           54,014
   Savings deposits .....................................       116,515          123,917
   Borrowed funds .......................................        56,000           52,000
   Stockholders' equity .................................        32,628           34,722
</TABLE>

<TABLE>
<CAPTION>
                                                                                    AT OR FOR THE                AT OR FOR THE
                                                                                 THREE MONTHS ENDED            SIX MONTHS ENDED
                                                                                     DECEMBER 31,                 DECEMBER 31,
                                                                               1999            1998          1999            1998
                                                                            ----------     ----------     ----------     ----------
<S>                                                                         <C>            <C>            <C>            <C>
SELECTED OPERATING DATA:
   Net interest income before provision for loan losses ..............      $    1,579     $    1,626     $    3,145     $    3,238
   Net income ........................................................             109            141            290            392

SELECTED FINANCIAL RATIOS:
    Bank capital ratios:
        Tangible .....................................................           12.30%         12.59%         12.30%         12.59%
        Core .........................................................           12.30          12.59          12.30          12.59
        Risk-based ...................................................           28.20          31.40          28.20          31.40
    Return on average assets (1) .....................................            0.21           0.26           0.27           0.36
    Return on average stockholders' equity (1) .......................            1.30           1.54           1.71           2.11
    Consolidated equity to assets at end of period ...................           15.60          16.79          15.60          16.79
    Noninterest expense to average assets (1) ........................            2.84           2.68           2.68           2.51
    Non-performing assets as a percent of total assets ...............            0.20           0.11           0.20           0.11
    Allowance for loan losses as a percent of total loans ............            0.20           0.24           0.20           0.24
    Allowance for loan losses as a percent of non-performing loans ...           71.77         125.52          71.77         125.52

PER SHARE DATA:
    Basic earnings per share .........................................      $     0.05      $    0.06     $     0.14     $     0.17
    Diluted earnings per share .......................................            0.05           0.06           0.14           0.17
    Book value per share .............................................           15.30          15.04          15.30          15.04
    Cash dividend per share ..........................................            0.05             --           0.10             --

STOCK QUOTES:
    High .............................................................      $   13.500     $   15.000    $    15.063    $    18.500
    Low ..............................................................          11.500         13.250         11.500         12.750
    At December 31 ...................................................          12.500         14.250         12.500         14.250
</TABLE>
----------
(1)  Three and six month results have been annualized.



                                       9

<PAGE>



    COMPARISON OF FINANCIAL CONDITION AT DECEMBER 31, 1999 AND JUNE 30, 1999

     Total assets decreased $6.3 million from $215.5 million at June 30, 1999 to
$209.2 million at December 31, 1999. The components of the Company's  asset base
also changed from June 30, 1999 to December 31, 1999. Mortgage-backed securities
("MBS")  (including both  held-to-maturity  and  available-for-sale  portfolios)
decreased  $8.6 million from $54.0  million at June 30, 1999 to $45.4 million at
December 31, 1999. This decrease is primarily due to the receipt of $8.2 million
principal repayments during the six month period. An increase of $8.3 million in
loans  receivable  was the result of loan  originations  of $17.7  million which
exceeded  the  $9.4  million  of  loan  repayments.  Interest  earning  deposits
decreased  $5.2  million  from $7.5  million at June 30, 1999 to $2.3 million at
December 31, 1999, primarily funded the savings outflows.

     Investments in mutual funds and preferred  stock are recorded at fair value
and were $2.8  million and $3.3  million at December 31, 1999 and June 30, 1999,
respectively.  The net  unrealized  loss  in this  portfolio  is  included  as a
component of accumulated other comprehensive income (loss).

     The  allowance  for loan losses at December  31, 1999 and June 30, 1999 was
$300,000.  Management believes that the allowance for loan losses is adequate to
cover  any  known  losses,  and  any  losses  reasonably  expected  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 0.20% and 0.22% at December  31, 1999 and June 30,  1999,  respectively.  At
December 31, 1999 and June 30, 1999,  the ratio of the allowance for loan losses
to non-performing loans was 71.77% and 155.44%,  respectively. The Bank had four
non-performing  loans totaling  approximately  $418,000 at December 31, 1999 and
three  non-performing  loans totaling  approximately  $193,000 at June 30, 1999.
There were no loan  chargeoffs  during the six month periods ended  December 31,
1999 and 1998.

     Savings deposits decreased $7.4 million from June 30, 1999 to Dectember 31,
1999;  during this time,  borrowed  funds  increased by $4.0  million.  Interest
bearing NOW accounts  declined $1.6 million  primarily due to  withdrawals  from
government entity deposits,  whose balances fluctuate during the year.  Passbook
savings  were $36.7  million at December 31, 1999  compared to $39.4  million at
June 30, 1999.  Certificate of deposit  accounts  declined $3.2 million to $54.5
million at December 31, 1999.  Some maturing CD's were  withdrawn  from the Bank
during the quarter.

     Stockholders' equity at December 31, 1999 was $32.6 million or $2.1 million
less than at June 30,  1999.  This decline was due  primarily  to the  Company's
stock  repurchase  program and the payment of two $0.05 per share quarterly cash
dividends  during  the six  months  ended  December  31,  1999.  Under the stock
repurchase program the Company acquired 138,580 shares of its common stock at an
aggregate  cost of  $1,860,000  during the six months  ended  December 31, 1999.
Since  December 31, 1999,  the Company has also  purchased an additional  84,460
shares at an aggregate cost of $1,061,785.


                                       10

<PAGE>



           COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED
                           DECEMBER 31, 1999 AND 1998

     GENERAL.  For the three  months ended  December  31,  1999,  net income was
$109,000  or $0.05  per basic  and  diluted  share,  compared  to net  income of
$141,000  or $0.06 per  basic and  diluted  share  for the  three  months  ended
December 31, 1998.

     INTEREST INCOME.  Interest income was $3.4 million and $3.6 million for the
three months ended December 31, 1999 and 1998, respectively. The average balance
of  interest-earning  assets  decreased $6.9 million from $209.0 million for the
three  months  ended  December  31, 1998 to $202.1  million for the three months
ended December 31, 1999. The average yield on the Bank's interest-earning assets
decreased  seven basis points from 6.80% for the three months ended December 31,
1998 to 6.73% for the three months ended December 31, 1999.

     INTEREST EXPENSE.  Interest expense decreased  $104,000 to $1.8 million for
the three  months ended  December  31,  1999,  as compared to the same period in
1998. The average rate paid on interest-bearing  liabilities  decreased 15 basis
points from 4.48% for the three months ended  December 31, 1998 to 4.33% for the
three months ended  December 31, 1999. The average  balance of  interest-bearing
liabilities  decreased $3.7 million to $167.0 million for the three months ended
December 31, 1999 from $170.7  million for the three  months ended  December 31,
1998. The decrease in the cost of average interest-bearing  liabilities resulted
primarily from the renewal of maturing certificates of deposit at lower rates.

     NET INTEREST INCOME BEFORE  PROVISION FOR LOAN LOSSES.  Net interest income
before  provision  for loan losses was $1.6  million for the three  months ended
December 31, 1999 and 1998.  The average  interest rate spread  increased  eight
basis points from 2.32% for the three  months  ended  December 31, 1998 to 2.40%
for the comparable period in 1999. Net interest margin increased one basis point
and was 3.15% for the three months ended December 31, 1999.

     PROVISION  FOR LOAN LOSSES.  There was no provision for loan losses for the
three months ended December 31, 1999 or for the  comparable  period in 1998. See
"Comparison of Financial Condition at December 31, 1999 and June 30, 1999".

     NONINTEREST  INCOME.  Noninterest  income was $83,000 for the three  months
ended December 31, 1999, compared to $73,000 for the three months ended December
31, 1998.

     NONINTEREST EXPENSE.  Noninterest expense increased $27,000 from $1,465,000
for the three months ended  December 31, 1998 to $1,492,000  for the  comparable
period in 1999.  Professional services expense was $209,000 for the three months
ended  December  31,  1999,  an increase of $133,000  over the  comparable  1998
period.  This increase was primarily due to increases in legal fees in a suit to
recover  damages  in a real  estate  development  known as The Trails of Olympia
Fields.  A trial  date has  been set for May  2000.  Compensation  and  benefits
expense  decreased  $56,000  during the 1999 quarter over the similar  period in
1998 primarily due to the decreased cost of stock incentive  employee  benefits.
Other  noninterest  expense was $204,000 for the three months ended December 31,
1999, compared to $252,000 for the


                                       11

<PAGE>



comparable  period in 1998. This decrease was due to expenses that were incurred
in the 1998 period for Year 2000 safeguards,  and decreased expenses as a result
of reduced mortgage loan origination volume.

     INCOME TAX EXPENSE.  Income tax expense  decreased $32,000 from $93,000 for
the three months  ended  December 31, 1998 to $61,000 for the three months ended
December 31, 1999. This decrease was primarily due to the decrease of $64,000 in
pre-tax  income and a decrease in the effective tax rate. The effective tax rate
was 35.9% and 39.7% for the three  month  periods  ended  December  31, 1999 and
1998, respectively.

            COMPARISON OF OPERATING RESULTS FOR THE SIX MONTHS ENDED
                           DECEMBER 31, 1999 AND 1998

     GENERAL.  For the six  months  ended  December  31,  1999,  net  income was
$290,000 or $0.14 basic and diluted earnings per share,  compared to $392,000 or
$0.17 basic and diluted earnings per share for the six months ended December 31,
1998.

     INTEREST INCOME.  Interest income was $6.8 million for the six months ended
December  31, 1999,  compared to $7.1 million for the six months ended  December
31, 1998. The average balance of interest  earning assets decreased $5.9 million
from $209.6 million for the six months ended December 31, 1998 to $203.7 million
for the six months  ended  December 31,  1999.  The average  yield on the Bank's
interest-earning  assets decreased 13 basis points from 6.79% for the six months
ended December 31, 1998 to 6.66% for the six months ended December 31, 1999.

     INTEREST EXPENSE.  Interest expense decreased $242,000 and was $3.6 million
for the six months ended December 31, 1999. This decrease was due primarily to a
lower  cost of funds.  The  average  rate paid on  interest-bearing  liabilities
decreased 21 basis points from 4.51% for the six months ended  December 31, 1998
to 4.30% for the six months  ended  December 31,  1999.  The average  balance of
interest-bearing  liabilities  decreased  $2.9 million to $167.8 million for the
six months ended  December 31, 1999 from $170.7 million for the six months ended
December 31, 1998.

     NET INTEREST INCOME BEFORE  PROVISION FOR LOAN LOSSES.  Net interest income
before provision for loan losses decreased  $93,000 and was $3.1 million for the
six months ended December 31, 1999 and $3.2 million for the comparable period in
1998. The average  interest rate spread  increased eight basis points from 2.25%
for the six months ended December 31, 1998 to 2.33% for the comparable period in
1999.  Net interest  margin  remained the same at 3.09% for the six months ended
December 31, 1999.

     PROVISION  FOR LOAN LOSSES.  There was no provision for loan losses for the
six months ended  December 31, 1999 and for the  comparable  period in 1998. See
"Comparison of Financial Condition at December 31, 1999 and June 30, 1999".

     NONINTEREST  INCOME.  Noninterest  income was  $163,000  for the six months
ended  December 31, 1999 compared to $142,000 for the six months ended  December
31, 1998.


                                       12

<PAGE>



     NONINTEREST  EXPENSE.  Noninterest  expense  increased  $101,000  from $2.8
million for the six months ended December 31, 1998 as compared to the six months
ended December 31, 1999.

     Compensation and benefits expense decreased $36,000 to $1.5 million for the
six month  period  ended  December  31, 1999  compared to the same period in the
prior  year,  primarily  due to the  reduced  cost of stock  incentive  employee
benefits.

     Professional  service  expense for the six month period ended  December 31,
1999 was $328,000, as compared to $148,000 for the six months ended December 31,
1998.  This  increase is  primarily  due to increases in legal fees in a suit to
recover  damages  in a real  estate  development  known as The Trails of Olympia
Fields.

     Office occupancy expense was $559,000 for the six months ended December 31,
1999,  compared  to  $528,000  for the same period in 1998.  This  increase  was
primarily due to furniture and fixture depreciation expense,  resulting from the
purchase of new ATMs and in-house data processing  equipment,  which were placed
into service in the second half of fiscal year 1999.

     Other  noninterest  expense was  $382,000  for the six month  period  ended
December 31, 1999  compared to $440,000 for the six month period ended  December
31, 1998.  The decrease was due to expenses that were  incurred  during the 1998
period for Year 2000 safeguards,  and decreased  expenses as a result of reduced
mortgage loan origination volume.

     INCOME TAX EXPENSE.  Income tax expense decreased $71,000 from $238,000 for
the six months  ended  December  31, 1998 to $167,000  for the six months  ended
December 31, 1999.  This decrease was primarily due to a decrease of $173,000 in
pre-tax  income and a decrease in the effective tax rate. The effective tax rate
was 36.5% and 37.8% for the six month periods ended  December 31, 1999 and 1998,
respectively.

YEAR 2000

     The year 2000  problem was the result of computer  programs  being  written
using two digits rather than four to define the applicable year. Miscalculations
or system  failures  could have occurred to any of the Company's  programs on or
after January 1, 2000 that had  time-sensitive  software if they had  recognized
dates using "00" as the year 1900,  rather than the year 2000. Based on a review
of the Bank's and the Company's  business since January 1, 2000, the Company has
not  experienced  any material  effects of the year 2000  problem.  Although the
Company has not been  informed of any material  risks  associated  with the year
2000 problem from third parties, there can be no assurance that the Company will
not be  impacted  in the  future.  The  Company  will  continuously  monitor its
business  applications  and  maintain  contact  with its  third  party  vendors,
customers  and key business  partners to resolve any year 2000 problems that may
arise in the future.

     The  Company's  total Year 2000  project  cost and  estimates  to  complete
include  the  estimated  costs and time  associated  with the  impact of a third
party's Year 2000  problem,  and are based on presently  available  information.
Both direct and  indirect  costs of  addressing  the Year 2000  problem  will be
charged to earnings as incurred.  Total direct costs incurred were approximately
$33,000  and such  costs  did not  have a  material  effect  on the  results  of
operations.


                                       13

<PAGE>



                         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.

     The Bank is required to maintain an average  daily balance of liquid assets
(cash,  certain time deposits,  bankers'  acceptances,  specified  United States
Government, state or federal agency obligations,  shares of certain mutual funds
and certain  corporate debt securities and commercial  paper) equal to a monthly
average of not less than a specified percentage of its net withdrawable deposits
accounts plus short-term  borrowings.  This liquidity requirement may be changed
from  time to  time  by the OTS to any  amount  within  the  range  of 4% to 10%
depending upon economic conditions and the savings flows of member institutions,
and is currently 4%. At December 31, 1999, the Bank's liquidity ratio was 37.7%.
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 three months ended
December 31, 1999 were the origination of mortgage and other loans.

     See  the   "Consolidated   Statements  of  Cash  Flows"  in  the  Unaudited
Consolidated Financial Statements included in this Form 10-Q for the sources and
uses of cash flows for operating activities and financing activities for the six
months ended December 31, 1999 and 1998.

     At December 31, 1999, the Bank had outstanding loan origination commitments
of $1.4  million  and unused  lines of  consumer  credit of  $381,000.  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 December 31, 1999 totaled $41.8  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 December  31, 1999,  the Bank  exceeded  all of its  regulatory  capital
requirements with a tangible capital level of $25.1 million,  or 12.30% of total
adjusted assets, which is above the required level of $3.1 million or 1.5%; core
capital of $25.1 million, or 12.30% of total adjusted assets, which is above the
required  level of $6.1 million or 3.0%; and total  risk-based  capital of


                                       14

<PAGE>



$25.4 million,  or 28.20% of risk-weighted  assets,  which is above the required
level of $7.2 million, or 8.0%.

                      FINANCIAL SERVICE MODERNIZATION BILL

     Landmark financial services legislation, titled the Gramm-Leach-Bliley Act,
was signed into law by President  Clinton on November 12, 1999. The  legislation
modernizes  the financial  services  industry by  establishing  a  comprehensive
framework to permit affiliations among commercial banks, insurance companies and
other financial service providers.  Generally, the legislation:  (i) repeals the
historical  restrictions  and eliminates  many federal and state law barriers to
affiliations  among banks and securities  firms,  insurance  companies and other
financial  service  providers;   (ii)  provides  a  uniform  framework  for  the
activities of banks,  savings  institutions and their holding  companies;  (iii)
broadens  the  activities  that may be  conducted  by  national  banks,  banking
subsidiaries of bank holding  companies and their financial  subsidiaries;  (iv)
provides an enhanced framework for protecting privacy of consumers' information;
(v) adopts a number of  provisions  related to the  capitalization,  membership,
corporate  governance and other measures  designed to modernize the Federal Home
Loan Bank system;  (vi) modifies the laws  governing the  implementation  of the
Community  Reinvestment  Act;  and (vii)  addresses a variety of other legal and
regulatory issues affecting both day-to-day  operations and long-term activities
of financial institutions, including the functional regulation of securities and
insurance activities conducted in a financial holding company.

     In addition,  the legislation  restricts certain of the powers that unitary
savings and loan holding  companies  currently  have.  Unitary  savings and loan
holding companies that are  "grandfathered,"  i.e., became a unitary savings and
loan holding company pursuant to an application filed with the OTS before May 4,
1999,  (such as the Company) retain their original  authority under the law. All
subsequent  savings and loan holding  companies  would be limited to financially
related activities permissible for bank holding companies,  as defined under the
new law. The legislation also prohibits  non-financial  companies from acquiring
savings and loan holding companies.

     The new law  also  requires  financial  institutions  to  disclose,  on ATM
machines,  any  non-customer  fees and to disclose to their  customers  upon the
issuance of an ATM card any fees that may be imposed by the  institutions on ATM
users. For older ATMs, financial  institutions will have until December 31, 2004
to provide such notices.

     The  OTS  has  recently  proposed  regulations   implementing  the  privacy
protection provisions of the legislation. The proposed regulations would require
each  financial  institution  to adopt  procedures  to  protect  customers'  and
consumers'  "nonpublic  personal  information" by November 13, 2000. We would be
required to disclose  our privacy  policy,  including  identifying  with whom we
share "nonpublic personal information," to customers at the time of establishing
the customer  relationship  and annually  thereafter.  In addition,  we would be
required to provide our  customers  with the ability to  "opt-out"  of having us
share their personal  information with unaffiliated third parties.  We currently
have a privacy  protection  policy in place and  intend to review and amend that
policy, if necessary,  for compliance with the regulations when they are adopted
in final form.


                                       15

<PAGE>



     It is believed that the legislation will not have a material adverse effect
on the  Company's  operations  in the near  term.  However,  to the  extent  the
legislation   permits  banks,   securities  firms  and  insurance  companies  to
affiliates,   the   financial   services   industry   may   experience   further
consolidation.  This  could  result  in a growing  number  of  larger  financial
institutions  that offer a wider variety of financial  services than the Company
currently offers and who may one day be aggressive competitors in markets served
by the Company.

                                     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, 1999.

                                     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
          (a)  Exhibit 27 - Financial Data Schedule*
          (b)  Reports on Form 8-K
                    None

          *Submitted only with filing in electronic format.


                                       16

<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.

                                                    BIG FOOT FINANCIAL CORP.
                                                          (Registrant)


                                              By:    /s/Timothy L. McCue
                                                 -------------------------------
                                                        Timothy L. McCue
                                                 Senior Vice President and Chief
                                                        Financial Officer

February 14, 2000






                                       17