<PAGE>

                       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 fiscal year ended March 31, 2001

( )  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 : 1-12165

                               Bridge View Bancorp
             (Exact name of registrant as specified in its charter)
 New Jersey                                                 22-3461336
 ----------                                                 ----------
 (State or other jurisdiction of                          (I.R.S. Employer
   incorporation or organization)                          Identification)

                  457 Sylvan Avenue, Englewood Cliffs, NJ 07632
               (Address of principal executive offices) (Zip Code)

                                  201-871-7800
              (Registrant's telephone number, including area code)

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

  Title of each class:             Name of each exchange on which registered:
  Common Stock, No Par Value       American Stock Exchange

Securities registered pursuant to Section 12(g) of the Exchange Act:    None

Indicate by check mark whether the Issuer: (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended, during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports); and (2) has been subject to such
filing requirements for the past 90 days. YES (X) NO___

                        APPLICABLE TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of the Registrant's classes of common
stock, as of the last practicable date.

              3,226,145 shares of Common Stock as of April 30, 2001



<PAGE>

                                      INDEX

                               BRIDGE VIEW BANCORP




Part I  -  Financial Information


Item 1.    Financial Statement

           Consolidated Statements of Financial Condition
           as of March 31, 2001 (unaudited) and December 31, 2000

           Consolidated Statements of Income
           for the three months ended March 31, 2001 and 2000 (unaudited)

           Consolidated Statements of Cash Flows
           for the three months ended March 31, 2001 and 2000 (unaudited)

           Notes to Unaudited Consolidated Financial Statements


Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations

Explanatory Note: This Form 10-Q contains certain "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 which
involve risks and uncertainties. Such statements are not historical facts and
include expressions about management's confidence, strategies, and expectations
about new and existing programs, products, relationships, opportunities,
technology, and market conditions. These statements may be identified by the use
of such words as "believe," "expect," "anticipate," "should," "may,"
"potential," or similar statements or variations of such terms. Examples of
forward looking statements include, but are not limited to, estimates with
respect to the financial condition, results of operations, and business of
Bridge View Bancorp, 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, legislative and regulatory
conditions, or the development of an interest rate environment which adversely
affects Bridge View Bancorp's interest rate margin or other income anticipated
from operations and investments. As used in this Form 10-Q, "we" and "us" and
"our" refer to Bridge View Bancorp and its consolidated subsidiary Bridge View
Bank, depending on the context.


                                       2



<PAGE>



                               BRIDGE VIEW BANCORP
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                 ( in thousands)

<TABLE>
<CAPTION>
                                                                         March 31,     December 31,
                                                                            2001          2000
                                                                         ---------     -----------
                                                                        (unaudited)
<S>                                                                      <C>            <C>
ASSETS
Cash and cash equivalents:
     Cash and due from banks .......................................     $  18,343      $  21,061
     Federal funds sold ............................................        41,400         20,500
                                                                         ---------      ---------
TOTAL CASH AND CASH EQUIVALENTS ....................................        59,743         41,561
                                                                         ---------      ---------
Securities:
     Available for sale ............................................         8,968         20,928
     Held to maturity ..............................................        26,255         34,741
                                                                         ---------      ---------
TOTAL SECURITIES ...................................................        35,223         55,669
                                                                         ---------      ---------
Loans, net of allowance for losses of $1,456 and $1,473,
and deferred loan fees of $417 and $397, respectively ..............       130,600        131,385
Premises and equipment, net ........................................         3,670          3,768
Accrued interest receivable and other assets........................         2,290          2,544
                                                                         ---------      ---------
TOTAL ASSETS .......................................................     $ 231,526      $ 234,927
                                                                         =========      =========

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
     Non-interest bearing demand
     deposits ......................................................     $  69,070      $  79,798
     Interest bearing deposits:
          Savings and time deposits ................................       104,488         96,342
          Certificates of deposit $100,000 + .......................        30,647         32,225
                                                                         ---------      ---------
TOTAL DEPOSITS .....................................................       204,205        208,365
Accrued interest payable and other liabilities......................         1,289          1,299
Short term borrowings ..............................................         2,000          2,000
                                                                         ---------      ---------
TOTAL LIABILITIES ..................................................       207,494        211,664
Commitments and Contingencies
Stockholders' equity:
     Common stock, no par value,
     authorized 10,000,000 shares issued
     and outstanding 3,226,145 in 2001
     and 3,214,179 in 2000 .........................................        25,277         21,266
     (Accumulated deficit) retained earnings (note 2) ..............        (1,196)         2,079
     Accumulated other comprehensive loss ..........................           (49)           (82
                                                                         ---------      ---------
TOTAL STOCKHOLDERS' EQUITY .........................................        24,032         23,263
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY..........................     $ 231,526      $ 234,927
                                                                         =========      =========

</TABLE>

                                       3

            See notes to unaudited consolidated financial statements.


<PAGE>

                               BRIDGE VIEW BANCORP
                        CONSOLIDATED STATEMENTS OF INCOME
                            (unaudited, in thousands)

<TABLE>
<CAPTION>
                                                                       Three months ended March 31,
                                                                            2001       2000
                                                                            ----       ----
<S>                                                                    <C>           <C>
Interest Income:
   Loans .............................................................     $2,848     $2,554
   Federal funds sold ................................................        329         22
   Investment Securities
      Taxable ........................................................        556        865
      Tax - exempt ...................................................        120        109
                                                                           ------     ------
TOTAL INTEREST INCOME ................................................      3,853      3,550

Interest Expense:
   Savings deposits ..................................................        325        198
   Other time deposits ...............................................        357        341
   Time deposits $100,000 + ..........................................        420        450
   Short term borrowings .............................................         28          0
                                                                           ------     ------
TOTAL INTEREST EXPENSE ...............................................      1,130        989

               Net Interest Income ...................................      2,723      2,561

Provision for loan losses ............................................         10         50

Net interest income after provision for loan
losses ...............................................................      2,713      2,511

Non-interest income:
   Service charge income .............................................        414        326
                                                                           ------     ------
TOTAL NON-INTEREST INCOME ............................................        414        326

Non-interest expense:
   Salaries and employee benefits ....................................        815        761
   Occupancy and equipment expense ...................................        331        310
   Other .............................................................        474        407
                                                                           ------     ------
TOTAL NON-INTEREST EXPENSE ...........................................      1,620      1,478

Income before income taxes ...........................................      1,507      1,359

Income tax expense ...................................................        527        493
                                                                           ------     ------

NET INCOME ...........................................................     $  980     $  866
                                                                           ======     ======

Earnings per share:
     Basic ...........................................................     $ 0.30     $0.27
     Diluted .........................................................     $ 0.30     $0.26
</TABLE>

                                       4

            See notes to unaudited consolidated financial statements.


<PAGE>




                               BRIDGE VIEW BANCORP
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (unaudited, in thousands)
<TABLE>
<CAPTION>

                                                                          Three months ended March 31,
                                                                                2001         2000
                                                                          -------------   ------------
<S>                                                                          <C>           <C>
Cash flows from operating activities:
     Net Income ........................................................     $    980      $    866
     Adjustments to reconcile net income to net cash
     Provided by operating activities:
        Depreciation and amortization ..................................           98            96
        Provision for loan losses ......................................           10            50
        Gains from sales of loans held for sale ........................           11             4
        Decrease(increase) in accrued interest receivable
        and other assets ...............................................          254          (346)
        (Decrease)increase in accrued interest payable and
         Other liabilities .............................................          (10)          439
                                                                             --------      --------
Net cash provided by operating activities ..............................        1,343         1,109

Cash flows from investing activities:
     Proceeds from maturities of investment securities .................       20,388        11,215
     Purchases of investment securities ................................            0        (6,716)
     Net decrease(increase) in loans ...................................          785        (3,701)
     Net decrease(increase) in premises and equipment ..................           98           (34)
                                                                             --------      --------
Net cash provided by(used in) investing activities .....................       21,271           764

Cash flows from financing activities:
     Net (decrease)increase in deposits ................................       (4,160)          275
     Proceeds from issuance of common stock ............................           51             3
     Cash paid for dividends ...........................................         (323)         (139)
                                                                             --------      --------
Net cash provided by financing activities ..............................       (4,432)          139

Net change in cash and cash equivalents ................................       18,182         2,012
Cash and cash equivalents at beginning of period .......................       41,561        11,270
                                                                             --------      --------
Cash and cash equivalents at end of period .............................     $ 59,743      $ 13,282

Cash paid during the period for:
     Interest ..........................................................        1,183           988
     Income taxes ......................................................        1,018           424
</TABLE>

                                       5

            See notes to unaudited consolidated financial statements.

<PAGE>

                      BRIDGE VIEW BANCORP AND SUBSIDIARIES

              Notes to Unaudited Consolidated Financial Statements

 (1)   Summary of Significant Accounting Policies

       The accompanying consolidated financial statements include the accounts
       of Bridge View Bancorp (the Company) and its direct and indirect
       wholly-owned subsidiaries, Bridge View Bank, Bridge View Investment
       Company, and Bridge View Delaware, Inc. (the Bank). All significant
       inter-company accounts and transactions have been eliminated in
       consolidation. Certain accounts in prior periods have been restated to
       conform to the current presentation.

       The consolidated condensed financial statements included herein have been
       prepared without audit pursuant to the rules and regulations of the
       Securities and Exchange Commission. Certain information and footnote
       disclosures normally included in financial statements prepared in
       accordance with accounting principles generally accepted in the United
       States of America have been condensed or omitted pursuant to such rules
       and regulations. The accompanying consolidated financial statements
       reflect all adjustments which are, in the opinion of management,
       necessary to a fair statement of the results for the interim periods
       presented. Such adjustments are of a normal recurring nature. These
       consolidated unaudited financial statements should be read in conjunction
       with the audited financial statements and the notes thereto as of and for
       the year ended December 31, 2000. The results for the three months ended
       March 31, 2001 are not necessarily indicative of the results that may be
       expected for the year ended December 31, 2001.

       Organization

       The Company is a New Jersey Corporation and registered bank holding
       company with the Board of Governors of the Federal Reserve System. The
       Bank is a commercial bank which provides a full range of banking services
       to individuals and corporate customers in New Jersey. Both the Company
       and the Bank are subject to competition from other financial
       institutions. The Bank is regulated by state and federal agencies and is
       subject to periodic examinations by those regulatory authorities.

       Basis of Financial Presentation

       The consolidated financial statements have been prepared in conformity
       with accounting principles generally accepted in the United States of
       America. In preparing the consolidated financial statements, management
       is required to make estimates and assumptions that affect the reported
       amounts of assets and liabilities as of the date of the consolidated
       statement of financial condition and revenues and expenses for the
       quarter. Actual results could differ significantly from those estimates.
       Certain prior period amounts have been reclassified to conform to the
       financial statements presentation of 2001. The reclassifications have no
       effect upon stockholders' equity or net income as previously reported.

                                       6
<PAGE>




       Material estimates that are particularly susceptible to significant
       change in the near term relate to the determination of the allowance for
       loan losses. In connection with the determination of the allowance for
       loan losses, management generally obtains independent appraisals for
       significant properties.

       Securities Available for Sale

       Management determines the appropriate classification of securities at the
       time of purchase. If management has the intent and the Bank has the
       ability at the time of purchase to hold securities until maturity, they
       are classified as investment securities. Securities to be held for
       indefinite periods of time and not intended to be held to maturity are
       classified as securities available for sale. Gains or losses on sales of
       securities available for sale are based upon the specific identification
       method. Securities available for sale are reported at fair value with
       changes in the carrying value from period to period included as a
       separate component of stockholders' equity.

       Securities Held to Maturity

       Investment securities are carried at the principal amount outstanding,
       adjusted for amortization of premiums and accretion of discounts using a
       method that approximates the level-yield method over the terms of the
       securities. Investment securities are carried at the principal amount
       outstanding because the Bank has the ability and it is management's
       intention to hold these securities to maturity.


(2)    Retained Earnings - Stock Dividend

       The Company declared a 10% Stock Dividend (the "2001 Stock Dividend") on
       March 1, 2001 and paid the dividend on April 2, 2001. Retained earnings
       decreased by the market value of shares issued in connection with the
       2001 Stock Dividend. Earnings per share and all share data has been
       restated to reflect the effect of the 2001 stock dividend.

                                       7
<PAGE>




 (3)   Earnings Per Share Reconciliation

       The reconciliation of the numerator and the denominator of Basic EPS with
       that of Diluted EPS is presented for the three month periods ended March
       31, 2001, and 2000.

                                                      Three Months Ended
                                                            March 31,
                                                     2001             2000
                                                     ----             ----
                                                          (in thousands,
                                                       except per share data)
Basic earnings per share:

     Net Income                                      $  980                  866
                                                     ======               ======

Average number of shares outstanding                  3,223                3,213
                                                     ======               ======

Basic earnings per share                             $ 0.30                 0.27
                                                     ======               ======


Diluted earnings per share:

     Net Income                                      $  980                  866
                                                     ======               ======

Average number of shares of common
stock and equivalents outstanding:
     Average common shares outstanding                3,223                3,213

     Additional shares considered in
     diluted computation assuming:
        Exercise of options                              92                   90
                                                     ------               ------

Average number of shares outstanding
on a diluted basis                                    3,315                3,303
                                                     ======               ======

Diluted earnings per share                           $ 0.30                 0.26
                                                     ======               ======


                                       8

<PAGE>




(4)     Comprehensive Income

       Total comprehensive income is presented for the three month periods ended
       March 31, 2001 and 2000, respectively.


                                               Three months ended March 31,
          (in thousands)                          2001              2000
                                                  ----              ----
          Comprehensive Income
          Net income                             $  980            $  866
          Other comprehensive income,
            net of taxes                             33                63
                                                 --------          --------
          Total comprehensive income             $1,013            $  929

       Other comprehensive income consists of net unrealized gains or losses on
securities available for sale.


(5)      Recent Accounting Pronouncements

       SFAS No. 140
       In September 2000, the FASB issued SFAS No. 140, "Accounting for
       Transfers and Servicing of Financial Assets and Extinguishments of
       Liabilities (A Replacement of FASB Statement 125)." SFAS No. 140
       supersedes and replaces the guidance in SFAS No. 125 and, accordingly,
       provides guidance on the following topics: securitization transactions
       involving financial assets, sales of financial assets such as
       receivables, loans, and securities; factoring transactions and wash
       sales; servicing assets and liabilities, collateralized borrowing
       arrangements, securities lending transactions; repurchase transactions;
       loan participations; and extinguishment of liabilities. While most of the
       provisions of SFAS No. 140 are effective for transactions entered into
       after March 31, 2001, companies with fiscal year ends that hold
       beneficial interests from previous securitizations will be required to
       make additional disclosures in their December 31, 2000 financial
       statements. The initial adoption of SFAS No. 140 is not expected to have
       a material impact on the Company's financial statements.






                                       9


<PAGE>





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

The following discussion and analysis of financial condition and results of
operations should be read in conjunction with the Company's consolidated
financial statements and the notes thereto included herein. When necessary,
reclassifications have been made to prior years' data throughout the following
discussion and analysis for purposes of comparability.


RESULTS OF OPERATIONS  -  Three Months Ended March 31, 2001 and 2000

The Company's results of operations depend primarily on its net interest income,
which is the difference between the interest earned on its interest-earning
assets and the interest paid on funds borrowed to support those assets,
primarily deposits. Net interest margin is the difference between the weighted
average rate received on interest-earning assets and the weighted average rate
paid on interest-bearing liabilities, as well as the average level of
interest-earning assets as compared with that of interest-bearing liabilities.
Net income is also affected by the amount of non-interest income and other
operating expenses.

NET INCOME
For the three months ended March 31, 2001, net income increased by $114,000 or
13.2% to $980,000 from $866,000 for the three months ended March 31, 2000. The
increase in net income is primarily the result of a 6.3% increase in net
interest income to $2,723,000 in 2001 from $2,561,000 in the prior year coupled
with a 27.0%, or $88,000, increase in other operating income, primarily fee
income, to $414,000 in 2001 from $326,000 in 2000.

Interest expense increased $141,000 or 14.3% for the three months ended March
31, 2001 to $1,130,000 as compared to $989,000 for the three months ended March
31, 2000. This increase reflects the increase in average deposits since March,
2000.

On a per share basis, basic earnings per share were $0.30 for the quarter ended
March 31, 2001 as compared to $0.27 for the quarter ended March 31, 2000,
representing an increase of $0.03 or 11.1%. Diluted earnings per share were
$0.30 for the first quarter of 2001 as compared to $0.26 for the first quarter
of 2000, reflecting an increase of $0.04 or 15.4%. Per share data has been
restated to reflect the 2001 10% stock dividend.

PROVISION FOR LOAN LOSSES
For the quarter ended March 31, 2001, the Company's provision for loan losses
was $10,000, a decrease of $40,000 from the provision of $50,000 for the quarter
ended March 31, 2000. The decreased provision reflects management's view of the
economy of its service area and the strength of the Company's loan portfolio.

NON-INTEREST INCOME
Non-interest income, which was primarily attributable to service fees received
from deposit accounts, amounted to $414,000 for the three months ended March 31,
2001, an increase of $88,000 or 27.0%, above the $326,000 earned during the
three months ended March 31, 2000. The increase in service fees is attributable
to the higher level of average deposits.

                                       10

<PAGE>




NON-INTEREST EXPENSE
Non-interest expenses for the quarter ended March 31, 2001 amounted to
$1,620,000, an increase of $142,000, or 9.6%, above the $1,478,000 for the
quarter ended March 31, 2000. This increase continues to be related primarily to
staff additions, occupancy expense, data processing fees, customary increases
for salary and employee benefits, as well as other administrative expenses
resulting from the Company's growth since the first quarter of 2000.

INCOME TAX EXPENSE
The income tax provision, which includes both federal and state taxes, for the
quarters ended March 31, 2001 and 2000 was $527,000 and $493,000, respectively.
The increase in income taxes is a direct result of the increase in income before
taxes in 2001.

           FINANCIAL CONDITION: March 31, 2001 and December 31, 2000

At March 31, 2001, the Company's total assets were $231,526,000 compared to
$234,927,000 at December 31, 2000. Total loans decreased slightly to
$132,473,000 at March 31, 2001 from $133,255,000 at December 31, 2000. Total
deposits at the first quarter end 2001 were $204,205,000 compared to
$208,365,000 at December 31, 2000.


LOAN PORTFOLIO
At March 31, 2001, the Company's total loans were $132,473,000, a slight
decrease of $782,000 or 0.6% over total loans of $133,255,000 at December 31,
2000. The decrease in the loan portfolio at quarter end is reflective of payoffs
of short term loans primarily construction related. Management continues to
believe that the Company will remain successful in loan acquisition in this
market. The Company's success will continue to be attributable to the effect of
continued customer referrals, selective marketing, and continued growth within
the local Bergen County community combined with the fact that, through mergers
and acquisitions, the Company's trade area is becoming increasingly served by
large institutions, frequently headquartered out of state. Management believes
that it is not cost-efficient for these larger institutions to provide the level
of personal service the Company provides to small business borrowers.

The Company's loan portfolio consists of commercial loans, real estate loans,
and consumer loans. Commercial loans are made for the purpose of providing
working capital, financing the purchase of equipment or inventory, as well as
for other business purposes. Real estate loans consist of loans secured by
commercial or residential real property and loans for the construction of
commercial or residential property. Consumer loans are made for the purpose of
financing the purchase of consumer goods, home improvements, and other personal
needs, and are generally secured by the personal property being purchased.

The Company's loans are primarily to businesses and individuals located in
eastern Bergen County, New Jersey. The Company has not made loans to borrowers
outside of the United States. Commercial lending activities are focused
primarily on lending to small business borrowers. The Company believes that its
strategy of customer service, competitive rate structures, and selective
marketing have enabled the Company to gain market entry to local loans. Bank
mergers and lending restrictions at larger banks competing with the Company have
also contributed to the Company's efforts to attract borrowers.

                                       11
<PAGE>





The following table sets forth the classification of the Company's loans by
major category as of March 31, 2001 and December 31, 2000, respectively:

<TABLE>
<CAPTION>
                                                     March 31, 2001                      December 31, 2000
                                                     --------------                      -----------------
                                                                  (Dollars in thousands)

                                                  Amount          Percent              Amount         Percent

<S>                                           <C>             <C>                 <C>              <C>
Commercial                                        $89,733         67.7%                $90,496         67.9%
Mortgage                                           21,523         16.3%                 22,320         16.8%
Consumer                                           21,217         16.0%                 20,439         15.3%
                                                 --------      --------               --------      -------

Total Loans                                      $132,473          100%               $133,255          100%
                                                 ========      ========               ========      ========
</TABLE>


ASSET QUALITY
The Company's principal assets are its loans. Inherent in the lending function
is the risk of the borrower's inability to repay a loan under its existing
terms. Risk elements include non-accrual loans, past due and restructured loans,
potential problem loans, loan concentrations, and other real estate owned.

Non-performing assets include loans that are not accruing interest (non-accrual
loans) as a result of principal or interest being in default for a period of 90
days or more. When a loan is classified as non-accrual, interest accruals
discontinue and all past due interest, including interest applicable to prior
years, is reversed and charged against current income. Until the loan becomes
current, any payments received from the borrower are applied to outstanding
principal until such time as management determines that the financial condition
of the borrower and other factors merit recognition of such payments of
interest.

The Company attempts to minimize overall credit risk through loan
diversification and its loan approval procedures. Due diligence begins at the
time a borrower and the Company begin to discuss the origination of a loan.
Documentation, including a borrower's credit history, materials establishing the
value and liquidity of potential collateral, the purpose of the loan, the source
and timing of the repayment of the loan, and other factors are analyzed before a
loan is submitted for approval. Loans made are also subject to periodic audit
and review.


                                       12
<PAGE>



The following table sets forth information concerning the Company's
non-performing assets as of the dates indicated:

                              Non-Performing Assets
                             (dollars in thousands)

                                               March 31,        December 31,
                                                2001              2000
                                                ----              ----

Non-performing loans                             $ 0              $25
Other real estate                                  0                0
                                                 ---              ---
     Total non-performing assets                 $ 0              $25

Non-performing loans to total gross loans        N/A              0.02%
Non-performing assets to total assets            N/A              0.01%

As of March 31, 2001, the Company had no non-accrual loans. At December 31,
2000, the Company had one non-accrual loan which represented a line of credit.

Other than as disclosed above, there were no loans where information about
possible credit problems of borrowers causes management to have serious doubts
as to the ultimate collectibility of such loans.

As of March 31, 2001 and December 31, 2000, there were no concentrations of
loans exceeding 25% of the Company's total loans and the Company had no foreign
loans. The Company's loans are primarily to businesses and individuals located
in eastern Bergen County, New Jersey.


ALLOWANCE FOR LOAN LOSSES
The allowance for loan losses is a reserve established through charges to
earnings in the form of a provision for loan losses. The Company maintains an
allowance for loan losses at a level believed sufficient by management to
provide for potential losses in the loan portfolio. Loan losses are charged
directly to the allowance when they occur and any recovery is credited to the
allowance. Risks within the loan portfolio are analyzed on a continuous basis by
the Company's officers, by external independent loan review auditors, and by the
Company's audit committee. A risk system, consisting of multiple grading
categories, is utilized as an analytical tool to assess risk and appropriate
reserves. In addition to the risk system, management further evaluates risk
characteristics of the loan portfolio under current and anticipated economic
conditions and considers such factors as the financial condition of the
borrower, past and expected loss experience, and other factors which management
feels deserve recognition in establishing an appropriate reserve. These
estimates are reviewed at least quarterly, and, as adjustments become necessary,
they are realized in the periods in which they become known. Additions to the
allowance are made by provisions charged to the expense and the allowance is
reduced by net-chargeoffs (i.e. loans judged to be uncollectible are charged
against the reserve, less any recoveries on the loans.) Although management
attempts to maintain the allowance at an adequate level, future addition to the
allowance may be required based upon changes in market conditions. Additionally,
various regulatory agencies periodically review the allowance for loan losses.
These agencies may require additional provisions based upon their judgment about
information available to them at the time of their examination.

                                       13
<PAGE>




The Company's allowance for loan losses totaled $1,456,000 and $1,335,000 at
March 31, 2001 and 2000, respectively. This increase in the allowance is due
provisions exceeding charge-offs, reflecting both the continued growth of the
loan portfolio and its high credit quality during that period. The following is
a summary of the reconciliation of the allowance for loan losses for the three
month periods ended March 31, 2001 and 2000, respectively:

                                                   Three months ended
                                                        March 31,
                                                 2001                  2000
                                                 ----                  ----
                                                   (dollars in thousands)

Balance, beginning of period                    $ 1,473              $ 1,310
Charge-offs                                         (27)                 (25)
Recoveries                                            0                    0
Provision charged to expense                         10                   50
                                                -------              -------
Balance, end of period                          $ 1,456              $ 1,335
                                                =======              =======

Ratio of net charge-offs to
average loans outstanding                          0.02%                0.02%

Balance of allowance at end of period as
a percentage of loans at end of period             1.10%                1.09%


INVESTMENT SECURITIES

The Company maintains an investment portfolio to fund increased loan demand or
deposit withdrawals and other liquidity needs and to provide an additional
source of interest income. The portfolio is composed of U.S. Treasury
Securities, obligation of U.S. Government Agencies, selected municipal and state
obligations, stock in the Federal Home Loan Bank ("FHLB"), and equity securities
of another financial institution.

Management determines the appropriate classification of securities at the time
of purchase. At March 31, 2001, $26,255,000 of the Company's investment
securities were classified as held to maturity and $8,968,000 were classified as
available for sale. At March 31, 2001, the Company held no securities which it
classified as trading securities.

                                       14
<PAGE>




At March 31, 2001, total investment securities were $35,223,000, a decrease of
$20,446,000, from total investment securities of $55,669,000 at December 31,
2000. This decrease in investment securities from year end 2000 to first quarter
end 2001 reflects maturity of investment securities which will be used to fund
loan growth.

The following table sets forth the carrying value of the Company's security
portfolio as of the dates indicated.

A comparative summary of securities available for sale at March 31, 2001 and
December 31, 2000 is as follows (in thousands):

<TABLE>
<CAPTION>
                                                                         Gross           Gross          Fair
                                                        Amortized     Unrealized      Unrealized       Market
                                                           Cost          Gains          Losses          Value
                                                       -----------    ------------    ------------    ----------
<S>                                                   <C>             <C>              <C>            <C>
March 31, 2001
--------------
U.S. Government and agency
   Obligations                                             $8,084              32               -        $8,116
FHLBNY stock                                                  512               -               -           512
Other equity securities                                       469               -           (129)           340
                                                       -----------    ------------    ------------    ----------
   Total available for sale                                $9,065              32           (129)        $8,968

December 31, 2000
-----------------
U.S. Government and agency
   Obligations                                            $20,076              25            (25)       $20,076
FHLBNY stock                                                  512               -               -           512
Other equity securities                                       469               -           (129)           340
                                                       -----------    ------------    ------------    ----------
   Total available for sale                               $21,057              25           (154)       $20,928
</TABLE>


A comparative summary of securities held to maturity at March 31, 2001 and
December 31, 2000 is as follows (in thousands):

<TABLE>
<CAPTION>
                                                                         Gross           Gross          Fair
                                                        Amortized     Unrealized      Unrealized       Market
                                                           Cost          Gains          Losses          Value
                                                       -----------    ------------    ------------    ----------
<S>                                                   <C>             <C>              <C>            <C>
March 31, 2001
--------------
U.S. Government and agency
   Obligations                                            $19,491             142               -       $19,633
Municipal and state obligations                             6,764               6               -
                                                                                                          6,770
                                                       -----------    ------------    ------------    ----------
   Total held to maturity                                 $26,255             148               -       $26,403

December 31, 2000
-----------------
U.S. Government and agency
   Obligations                                            $24,586              77            (27)       $24,636
Municipal and state obligations                            10,155               5               -        10,160
                                                       -----------    ------------    ------------    ----------
   Total held to maturity                                 $34,741              82            (27)       $34,796

</TABLE>

                                       15

<PAGE>




The following table sets forth as of March 31, 2001, the maturity distribution
of the Company's debt investment portfolio:


                     Maturity of Debt Investment Securities
                                 March 31, 2001
                                 (in thousands)

<TABLE>
<CAPTION>
                                                Securities                                        Securities
                                             Held to Maturity                                 Available for Sale
                                 ----------------------------------------------    --------------------------------------------
                                                                   Weighted                                        Weighted
                                 Amortized        Market           Average         Amortized       Market          Average
                                 Cost             Value            Yield           Cost            Value           Yield
                                 ------------     -------------    ------------    ------------    ------------    ------------

<S>                              <C>              <C>              <C>             <C>             <C>             <C>
Within 1 Year                        $22,050        $22,160           6.12%             $1,000       $ 1,000          5.25%

1 to 5 Years                           4,205           4,243          6.13%              7,084         7,116          6.33%


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

                                     $26,255        $26,403                             $8,084       $ 8,116
                                     =======        =======                             ======       =======
</TABLE>


The Company sold no securities from its portfolio during the first quarter of
2001 or during 2000.




                                       16


<PAGE>


DEPOSITS
Deposits are the Company's primary source of funds. The Company experienced a
decrease in deposit balances of $4,160,000 or 2.0% to $204,205,000 at March 31,
2001 as compared to $208,365,000 at December 31, 2000. This decrease was due
mainly to the loss of time deposits, which experienced a $3,724,000, or 6.1%,
decrease, resulting from the interest rate environment. Within the aggregate
decrease in total deposits, interest bearing demand deposits experienced growth
of $9,332,000 or 20.4% to $55,092,000 at March 31, 2001 from $45,760,000 at
December 31, 2000. The Company has no foreign deposits, nor are there any
material concentrations of deposits.

The following table sets forth the amount of various types of deposits for each
of the periods indicated (in thousands):

<TABLE>
<CAPTION>
                                                             March 31,                   December 31,
                                                               2001                         2000
                                                               ----                         ----

                                                         Amount          %            Amount          %
                                                         ------          -            ------          -

<S>                                                     <C>             <C>          <C>            <C>
      Non-interest Bearing Demand                       $69,070         33.8%        $79,798        38.3%
      Interest Bearing Demand                            55,092         27.0%         45,760        22.0%
      Savings                                            22,669         11.1%         21,709        10.4%
      Time Deposits                                      57,374         28.1%         61,098        29.3%
                                                       --------         -----       --------        -----

                                                       $204,205          100%       $208,365         100%
                                                       ========          ====       ========         ====
</TABLE>

The Company does not actively solicit short-term deposits of $100,000 or more
because of the liquidity risks posed by such deposits. The following table
summarizes the maturity distribution of certificates of deposit of denominations
of $100,000 or more as of March 31, 2001 (in thousands).

         Three months or less                                  $    19,992
         Over three months through twelve months                    10,033
         Over one year through three years                             622
         Over three years                                                0
                                                              ------------

         TOTAL                                                 $    30,647
                                                              ============


                                       17
<PAGE>




LIQUIDITY

The Company's liquidity is a measure of its ability to fund loans, withdrawals
or maturities of deposits, and other cash outflows in a cost-effective manner.
The Company's principal sources of funds are deposits, scheduled amortization
and prepayments of loan principal, maturities of investment securities, and
funds provided by operations. While scheduled loan payments and maturing
investments are relatively predictable sources of funds, deposit flow and loan
prepayments are greatly influenced by general interest rates, economic
conditions, and competition.

The Company's total deposits equaled $204,205,000 at March 31, 2001 as compared
to $208,365,000 at December 31, 2000. Although there has been a decrease in
funds provided by deposit inflows during this period, the Company is
sufficiently funded to provide for the Company's loan demand and excess funds
have been invested in investment securities and federal funds sold.

Through the Company's investment portfolio, the Company has generally sought to
obtain a safe, yet slightly higher yield than would have been available to the
Company as a net seller of overnight federal funds while still maintaining
liquidity. Through its investments portfolio, the Company also attempts to
manage its maturity gap by seeking maturities of investments which coincide as
closely as possible with maturities of deposits. The Bank's investment portfolio
also includes securities held for sale to provide liquidity for anticipated loan
demand and other liquidity needs.

Although the Bank has been traditionally been a net "seller" of federal funds,
the Bank does maintain lines of credit with the Federal Home Loan Bank of New
York, Summit Bank, and Bank of New York for "purchase" of federal funds in the
event that temporary liquidity needs arise.

Management believes that the Company's current sources of funds provide adequate
liquidity for the current cash flow needs of the Company.



INTEREST RATE SENSITIVITY ANALYSIS
The principal objective of the Company's asset and liability management function
is to evaluate the interest-rate risk included in certain balance sheet
accounts; determine the level of risk appropriate given the Company's business
focus, operating environment, capital and liquidity requirements; establish
prudent asset concentration guidelines; and manage the risk consistent with
Board approved guidelines. The Company seeks to reduce the vulnerability of its
operations to changes in interest rates and to manage the ratio of interest-rate
sensitive assets to interest-rate sensitive liabilities within specified
maturities or repricing dates. The Company's actions in this regard are taken
under the guidance of the Asset/Liability Committee (ALCO) of the Board of
Directors. The ALCO generally reviews the Company's liquidity, cash flow needs,
maturities of investments, deposits and borrowings, and current market
conditions and interest rates.


                                       18
<PAGE>


One of the monitoring tools used by the ALCO is an analysis of the extent to
which assets and liabilities are interest rate sensitive and measures the
Company's interest rate sensitivity "gap". An asset or liability is said to be
interest rate sensitive within a specific time period if it will mature or
reprice within that time period. A gap is considered positive when the amount of
interest rate sensitive assets exceeds the amount of interest rate sensitive
liabilities. A gap is considered negative when the amount of interest rate
sensitive liabilities exceeds the amount of interest rate sensitive assets.
Accordingly, during a period of rising rates, a negative gap may result in the
yield on the institution's assets increasing at a slower rate than the increase
in its cost of interest-bearing liabilities resulting in a decrease in net
interest income. Conversely, during a period of falling interest rates, an
institution with a negative gap would experience a repricing of its assets at a
slower rate than its interest-bearing liabilities which, consequently, may
result in its net interest income growing.

The following table sets forth the amounts of interest-earning assets and
interest-bearing liabilities outstanding at the periods indicated which are
anticipated by the Company, based upon certain assumptions, to reprice or mature
in each of the future time periods presented. Except as noted, the amount of
assets and liabilities which reprice or mature during a particular period were
determined in accordance with the earlier of the term to repricing or the
contractual terms of the asset or liability. Because the Bank has no interest
bearing liabilities with a maturity greater than five years, management believes
that a static gap for the over five year time period reflects a more accurate
assessment of interest rate risk. The Company's loan repayment assumptions are
based upon actual historical repayment rates.



                                       19

<PAGE>


<TABLE>
<CAPTION>
                                                  Cumulative Rate Sensitive Balance Sheet
                                                            March 31, 2001
                                                            (in thousands)

                                   0 - 3        0 - 6         0 - 1        0 - 5                       All
                                   Months       Months         Year         Year         5 + Years    Others           TOTAL
                                   ------       ------        ------       ------        ---------                     -----

<S>                            <C>           <C>           <C>         <C>           <C>            <C>            <C>
Investment Securities              $5,482      $10,978       $23,052     $ 33,345      $ 1,026        $   0          $ 34,371

Loans :
     Commercial                     6,143       12,878        19,006       43,845       45,888            0            89,733
     Mortgage                         357        1,463         2,424       17,074        4,449            0            21,523
     Consumer                      17,679       17,697        17,765       20,950          268            0            21,218

Federal Funds Sold                 41,400       41,400        41,400       41,400            0            0            41,400
Other Assets                            0            0             0            0            0       23,281            23,281
                              ------------ ------------ ------------- ------------ ------------ ------------    --------------

TOTAL ASSETS                      $71,061      $84,416      $103,647     $156,614     $208,245     $231,526          $231,526
                                  =======      =======      ========     ========     ========     ========          ========

Transaction /
NOW Accounts                      $39,807      $39,807       $39,807      $39,807        $   0        $   0           $39,807
Money Market                       15,285       15,285        15,285       15,285            0            0            15,285
Savings                            25,132       25,132        25,132       25,132            0            0            25,132
CD's < $100,000                    12,908       19,629        23,221       24,264            0            0            24,264
CD's > $100,000                    19,992       27,342        30,025       30,647            0            0            30,647
Short term borrowings                   0            0         2,000        2,000            0            0             2,000
Other Liabilities                       0            0             0            0            0       70,359            70,359
Equity                                  0            0             0            0            0       24,032            24,032
                              ------------ ------------ ------------- ------------ ------------ ------------    --------------

TOTAL LIABILITIES AND EQUITY     $113,124     $127,195      $135,470     $137,135     $137,135     $231,526          $231,526
                                 ========     ========      ========     ========     ========     ========          ========

Dollar Gap                       (42,063)     (42,779)      (31,823)       19,479       71,110
Gap / Total Assets                -18.17%      -18.48%       -13.74%        8.41%       30.71%
Target Gap Range                 +/-35.0%    +/- 30.0%     +/- 25.0%     +/-25.0%
RSA / RSL                          62.82%       66.37%        76.51%      114.20%      151.85%
(Rate Sensitive Assets to
 Rate Sensitive Liabilities)

</TABLE>


                                       20
<PAGE>




CAPITAL
A significant measure of the strength of a financial institution is its capital
base. The Company's federal regulators have classified and defined Company
capital into the following components : (1) Tier I Capital, which includes
tangible shareholders' equity for common stock and qualifying preferred stock,
and (2) Tier II Capital, which includes a portion of the allowance for possible
loan losses, certain qualifying long-term debt, and preferred stock which does
not qualify for Tier I Capital. Minimum capital levels are regulated by
risk-based capital adequacy guidelines which require certain capital as a
percent of the Company's assets and certain off-balance sheet items adjusted for
predefined credit risk factors (risk-adjusted assets).

A bank holding company is required to maintain, at a minimum, Tier I Capital as
a percentage of risk-adjusted assets of 4.0% and combined Tier I and Tier II
Capital as a percentage risk-adjusted assets of 8.0%.

In addition to the risk-based guidelines, the Company's regulators require that
an institution which meets the regulator's highest performance and operation
standards maintain a minimum leverage ratio (Tier I Capital as a percentage of
tangible assets) of 3.0%, although most institutions will be expected to have a
ratio 100-200 basis points higher. For those institutions with higher levels of
risk or that are experiencing or anticipating significant growth, the minimum
leverage ratio will be evaluated through the ongoing regulatory examination
process. The Company is subject to substantially similar regulations by its
federal regulations.


The following table summarizes the risk-based and leverage capital ratios for
the Bank at March 31, 2001, as well as the required minimum regulatory capital
ratios :

                                Capital Adequacy

                                                            Minimum
                                      March 31,             Regulatory
                                      2001                  Requirements
                                      -----------          --------------
Risk-Based Capital :
         Tier I Capital Ratio            16.78%                  4.0%
         Total Capital Ratio             17.80%                  8.0%
Leverage Ratio                           10.45%                  3.0%


IMPACT OF INFLATION AND CHANGING PRICES
The consolidated financial statements of the Company and notes thereto,
presented elsewhere herein, have been prepared in accordance with accounting
principles generally accepted in the United States of America, which require the
measurement of financial position and operating results in terms of historical
dollars without considering the change in the relative purchasing power of money
over time and due to inflation. The impact of inflation is reflected in the
increased cost of the Company's operations. Unlike most industrial companies,
nearly all of the assets and liabilities of the Company are monetary. As a
result, interest rates have a greater impact on the Company's performance than
do the effects of general levels of inflation. Interest rates do not necessarily
move in the same direction or to the same extent as the prices of goods and
services.

                                       21

<PAGE>


PART II                    OTHER INFORMATION

Item 1.                    Legal proceedings

         The Company and the Bank are periodically parties to or otherwise
involved in legal proceedings arising in the normal course of business, such as
claims to enforce liens, claims involving the making and servicing of real
property loans, and other issues incident to the Bank's business. Management
does not believe that there is any pending or threatened proceedings against the
Company or the Bank which, if determined adversely, would have a material effect
on the business, financial position or results of operations of the Company or
the Bank.


Item 2.      Changes in securities - NONE

Item 3.      Defaults upon senior securities - NONE

Item 4.      Submission of matters to a vote of securities holders - NONE

Item 5.      Other information - NONE

Item 6.      Exhibits and reports on Form 8-K - NONE

                                       22

<PAGE>


                                   SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.




                            By:  /s/  Albert F. Buzzetti
                                --------------------------------------------
                                   (Registrant - Bridge View Bancorp)
                                            Albert F. Buzzetti
                                   President and Chief Executive Officer




Date:  May 14, 2001