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 September 30, 2002

                                       OR

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

           For the transition period from              to
                                          ------------    ------------

                         Commission file number 0-21491

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

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

                       1190 RFD, Long Grove, IL 60047-7304
                    (Address of principal executive offices)
                                   (Zip Code)
                                 (847) 634-2100
               (Registrant's telephone number including area code)
                                       NA
              (Former name, former address and former fiscal year,
                          if changed from last Report)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding twelve months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirement for the past 90 days.

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

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

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


<PAGE>


                                TABLE OF CONTENTS

                         PART I - FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS OF BIG FOOT FINANCIAL CORP.

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

         Consolidated Statements of Earnings (Unaudited) - Three months
         ended September 30, 2002 and 2001.............................. Page 4

         Consolidated Statements of Cash Flows (Unaudited) - Three
         months ended September 30, 2002 and 2001....................... Page 5

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

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

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK..... Page 13

ITEM 4.  CONTROLS AND PROCEDURES........................................ Page 13


                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.............................................. Page 14

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS...................... Page 14

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES................................ Page 14

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS............ Page 14

ITEM 5.  OTHER INFORMATION.............................................. Page 14

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K............................... Page 14

         SIGNATURES


                                       2


<PAGE>


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

                                                                                    SEPTEMBER 30,       JUNE 30
                                                                                        2002             2002
                                                                                    -------------    -------------
<S>                                                                                   <C>               <C>
ASSETS
Cash and due from banks ........................................................      $  2,422          $  3,157
Interest-earning deposits ......................................................         8,463             9,802
Mortgage-backed securities held-to-maturity, at amortized cost
  (fair value of $4,127 at September 30, 2002 and $4,741 at June 30, 2002) .....         3,970             4,590
Mortgage-backed securities available-for-sale, at fair value ...................         7,222            18,388
Investment securities available-for-sale, at fair value ........................         5,359             5,506
Investment securities held-to-maturity, at cost ................................         3,000             3,000
Loans receivable, net ..........................................................       169,171           173,741
Accrued interest receivable ....................................................         1,124             1,179
Stock in Federal Home Loan Bank of Chicago, at cost ............................         3,969             3,920
Office properties and equipment, net ...........................................         3,759             3,842
Prepaid expenses and other assets ..............................................           254               257
                                                                                     -------------    -------------

Total assets....................................................................      $208,713          $227,382
                                                                                     =============    =============

LIABILITIES
Noninterest-bearing NOW accounts ...............................................      $  6,840          $  7,048
Interest-bearing NOW accounts ..................................................         8,229             9,841
Money market demand accounts ...................................................        12,610            10,760
Passbook accounts ..............................................................        41,776            41,923
Certificates of deposit ........................................................        62,270            62,510
                                                                                     -------------    -------------
Total savings deposits .........................................................       131,725           132,082

Borrowed money .................................................................        42,000            61,000
Advance payments by borrowers for taxes and insurance ..........................         2,245             1,982
Accrued interest payable and other liabilities .................................         3,272             3,085
                                                                                     -------------    -------------

Total liabilities..............................................................        179,242           198,149
                                                                                     -------------    -------------

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 issued ....            25                25
Treasury stock, at cost (1,003,582 shares at September 30, 2002 and June 30,
2002) ..........................................................................       (13,178)          (13,178)
Additional paid-in capital .....................................................        24,558            24,512
Retained earnings-substantially restricted .....................................        18,508            18,270
Common stock acquired by Employee Stock Ownership Plan .........................          (905)             (905)
Common stock acquired by Recognition and Retention Plan.........................          (230)             (334)
Accumulated other comprehensive income, net of tax .............................           693               843
                                                                                     -------------    -------------

Total stockholders' equity .....................................................        29,471            29,233
                                                                                     -------------    -------------

Total liabilities and stockholders' equity .....................................      $208,713          $227,382
                                                                                     =============    =============
</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
                                                                                   ENDED SEPTEMBER 30,
                                                                                ------------------------
                                                                                   2002          2001
                                                                                ----------    ----------
                          INTEREST AND DIVIDEND INCOME
<S>                                                                              <C>            <C>

Mortgage-backed securities held-to-maturity ................................     $   64         $  120
Mortgage-backed securities available-for-sale ..............................        196            202
Investment securities ......................................................        129            156
Loans receivable ...........................................................      2,912          3,070
Interest-earning deposits ..................................................         44             53
Federal Home Loan Bank of Chicago stock ....................................         50             58
                                                                                ----------    ----------
Total interest and dividend income .........................................      3,395          3,659
                                                                                ----------    ----------

                                INTEREST EXPENSE
Savings deposits ...........................................................        864          1,222
Borrowed money .............................................................        696            810
                                                                                ----------    ----------
Total interest expense .....................................................      1,560          2,032
                                                                                ----------    ----------

Net interest income before provision for loan losses .......................      1,835          1,627
Provision for loan losses ..................................................         --             --
                                                                                ----------    ----------
Net interest income after provision for loan losses ........................      1,835          1,627
                                                                                ----------    ----------

                               NONINTEREST INCOME
Service fees ...............................................................         83             74
Gain on sale of securities available-for-sale ..............................        197             --
Other ......................................................................         11             10
                                                                                ----------    ----------
Total noninterest income ...................................................        291             84
                                                                                ----------    ----------

                               NONINTEREST EXPENSE
Compensation and benefits ..................................................        894            737
Office occupancy ...........................................................        277            295
Federal deposit insurance premiums .........................................          6              6
Professional services ......................................................        251            116
Other ......................................................................        186            174
                                                                                ----------    ----------
Total noninterest expense ..................................................      1,614          1,328
                                                                                ----------    ----------

Income before income taxes .................................................        512            383
Income tax expense .........................................................        189            123
                                                                                ----------    ----------

NET INCOME .................................................................     $  323         $  260
                                                                                ==========    ==========

--------------------------------------------------------------------------------------------------------
Earnings per share:

Basic ......................................................................     $ 0.23         $ 0.18
Diluted ....................................................................       0.22           0.18
</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
                                                                                                THREE MONTHS ENDED
                                                                                                   SEPTEMBER 30,
                                                                                            ----------------------------
CASH FLOWS FROM OPERATING ACTIVITIES:                                                           2002           2001
                                                                                            ------------   -------------
<S>                                                                                           <C>            <C>
Net income .....................................................................              $    323       $    260
Adjustments to reconcile net income to net cash provided by (used in)
operating activities:
Depreciation and amortization...................................................                   100            106
Market adjustment for committed Employee Stock Ownership Plan shares ...........                    46             24
Amortization of award of Recognition and Retention Plan shares .................                   104             66
Gain on sale of securities available-for-sale ..................................                  (197)            --
Federal Home Loan Bank of Chicago stock dividends ..............................                   (49)           (60)
Net amortization of deferred loan fees .........................................                   (30)           (15)
Net amortization of discounts and premiums .....................................                    20             27
(Increase) decrease in accrued interest receivable .............................                    55           (148)
Decrease in prepaid expenses and other assets ..................................                     3            558
Increase (decrease) in accrued interest payable and other liabilities, net .....                   271           (900)
                                                                                            ------------   -------------
Net cash provided by (used in) operating activities.............................                   646            (82)
------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Origination of loans receivable ................................................                (6,536)       (13,950)
Principal repayment of loans receivable ........................................                11,136          7,435
Principal repayments on mortgage-backed securities held-to-maturity ............                   610            885
Principal repayments on mortgage-backed securities available-for-sale ..........                 1,318          1,531
Proceeds from sale of mortgage-backed securities available-for-sale ............                 9,927             --
Purchase of investment securities available-for-sale ...........................                  (250)            --
Proceeds from sale of investment securities available-for-sale .................                   271             --
Purchase of office properties and equipment, net ...............................                   (17)           (37)
                                                                                            ------------   -------------
Net cash provided by (used in) investing activities ............................                16,459         (4,136)
------------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in savings deposits ....................................                  (357)         3,143
Repayments of borrowed money ...................................................               (19,000)            --
Increase in advance payments by borrowers for taxes and insurance ..............                   263            271
Payment of cash dividend .......................................................                   (85)           (84)
Purchase of treasury stock .....................................................                    --           (597)
                                                                                            ------------   -------------
Net cash provided by (used in) financing activities.............................               (19,179)         2,733
------------------------------------------------------------------------------------------------------------------------
Net decrease in cash and cash equivalents.......................................                (2,074)        (1,485)
Cash and cash equivalents at the beginning of the period .......................                12,959         11,811
                                                                                            ------------   -------------
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD .............................              $ 10,885       $ 10,326
------------------------------------------------------------------------------------------------------------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
            Interest ...........................................................              $  1,597      $   2,216
            Income taxes .......................................................                   100             --
</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 September 30, 2002
and June 30, 2002 and for the three month periods ended September 30, 2002 and
2001. All intercompany accounts and transactions have been eliminated in
consolidation. The accompanying unaudited consolidated financial statements have
been prepared in accordance with accounting principles generally accepted in the
United States of America for interim financial information and with the
instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do
not include all of the information and footnotes required by generally accepted
accounting principles for complete financial statements. The preparation of
financial statements in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosures of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates. In the
opinion of management the unaudited consolidated financial statements include
all necessary adjustments, consisting of normal recurring accruals, necessary
for a fair presentation for the periods presented. These consolidated financial
statements should be read in conjunction with the audited financial statements
for the year ended June 30, 2002, and the notes thereto included in the
Company's 2002 Annual Report on Form 10-K.

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

(2)  EARNINGS PER SHARE

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


                                       6


<PAGE>

<TABLE>
<CAPTION>

                                                                                     THREE MONTHS ENDED
                                                                                        SEPTEMBER 30,
                                                                              ---------------------------------
                                                                                   2002               2001
                                                                              --------------       ------------
<S>                                                                           <C>                  <C>

     BASIC:
     Net income..........................................................     $  323,000           $  260,000
     Weighted average shares outstanding.................................      1,421,270            1,416,233
     Basic earnings per share............................................     $     0.23           $     0.18

     DILUTED:
     Net income..........................................................     $  323,000           $  260,000
     Weighted average shares outstanding.................................      1,421,270            1,416,233
     Effect of dilutive stock options outstanding........................         55,310                1,247
     Diluted weighted average shares outstanding.........................      1,476,580            1,417,480
     Diluted earnings per share..........................................     $     0.22           $     0.18
</TABLE>

(3)  COMPREHENSIVE INCOME

         The Company's comprehensive income for the three month periods ended
September 30, 2002 and 2001 is as follows:

<TABLE>
<CAPTION>
                                                                                     THREE MONTHS ENDED
                                                                                        SEPTEMBER 30,
                                                                              ---------------------------------
                                                                                   2002               2001
                                                                              --------------       ------------
<S>                                                                           <C>                  <C>

Net income ..............................................................     $  323,000           $ 260,000
Other comprehensive income, net of tax:
   Unrealized holding gains (losses) arising during the period ..........        (20,000)            241,000
   Reclassification adjustment for net gains realized in net income .....       (130,000)                 --
                                                                              ---------------------------------
Comprehensive income ....................................................     $  173,000            $501,000
                                                                              =================================
</TABLE>

(4)  DIVIDEND DECLARATION

         On August 20, 2002, the Board of Directors declared a quarterly
dividend of $.06 per share, which was paid on September 13, 2002 to stockholders
of record on August 30, 2002.

(5)  STOCK REPURCHASE PROGRAMS

         The Repurchase Programs adopted by the Company authorized the
repurchase of 1,016,099 shares, or over 40 percent of the 2,512,750 shares of
common stock issued in the Company's initial public offering. At September 30,
2002, 1,003,582 shares have been repurchased at an average cost of $13.13 per
share. Additional authorizations to repurchase stock may be made from time to
time at the discretion of the Board of Directors.


                                       7


<PAGE>


(6)  OTHER EVENTS

         On July 22, 2002, the Company announced that it had entered into a
definitive agreement with Midwest Banc Holdings, Inc. (Midwest). The agreement
calls for Midwest to acquire Big Foot Financial Corp. in a stock merger
transaction. The proposed merger is subject to regulatory approval and the
approval of the Company's shareholders. The closing of this transaction is
scheduled for the first quarter of the 2003 calendar year.


                                     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
unexpected increases in non-interest and other operational expenses. The Company
disclaims any obligation to publicly announce future events or developments
which may affect the forward-looking statements contained herein.

GENERAL
-------

         The Company's principal business is its investment in the Bank, which
is a community-oriented financial institution providing a variety of financial
services to the communities which it serves. The Bank's principal business
consists of gathering savings deposits from the general public within its market
area and investing those funds primarily in mortgage loans secured by one- to
four-family owner occupied properties, mortgage-backed securities and
obligations of the U.S. Government. To a lesser extent, the Bank makes
multifamily residential loans, commercial real estate loans, land, construction
and development loans, consumer loans and commercial lines of credit. The Bank's
revenues are derived principally from interest on mortgage loans and interest
and dividends on investments, mortgage-backed securities and, to a much lesser
extent, short-term investments. The Bank also derives income from fees and
service charges. The Bank's primary sources of funds are savings deposits and
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>
                                                                                   SEPTEMBER 30,            JUNE 30,
                                                                                       2002                   2002
                                                                                  ---------------          ----------
<S>                                                                               <C>                      <C>
  SELECTED FINANCIAL CONDITION DATA:
     Total assets .........................................................          $208,713               $227,382
     Loans receivable (net) ...............................................           169,171                173,741
     Allowance for loan losses ............................................               300                    300
     Mortgage-backed securities ...........................................            11,192                 22,978
     Savings deposits .....................................................           131,725                132,082
     Borrowed money .......................................................            42,000                 61,000
     Stockholders' equity .................................................            29,471                 29,233

  SELECTED FINANCIAL RATIOS:
     Bank Capital ratios (1):
         Tangible. ........................................................             11.86%                 10.66%
         Core .............................................................             11.86                  10.66
         Risk-based .......................................................             24.33                  22.83
     Consolidated equity to assets at end of period .......................             14.12                  12.86
     Non-performing assets as a percent of total assets ...................              0.14                     --
     Allowance for loan losses as a percent of total loans ................              0.18                   0.17
     Allowance for loan losses as a percent of non-performing loans .......            106.38                     --
</TABLE>

<TABLE>
<CAPTION>

                                                                                             AT OR FOR THE
                                                                                           THREE MONTHS ENDED
                                                                                              SEPTEMBER 30,
                                                                                  -----------------------------------
                                                                                       2002                   2001
                                                                                  ---------------          ----------
<S>                                                                                  <C>                    <C>

  SELECTED OPERATING DATA:
     Net interest income before provision for loan losses .................          $  1,835               $  1,627
     Net income............................................................               323                    260

  SELECTED FINANCIAL RATIOS:
     Return on average assets (2) .........................................              0.58                   0.46
     Return on average stockholders' equity (2) ...........................              4.40                   3.71
     Noninterest expense to average assets (2) ............................              2.88                   2.35

  PER SHARE DATA:
     Basic earnings per share .............................................          $   0.23               $   0.18
     Diluted earnings per share ...........................................              0.22                   0.18
     Book value per share .................................................             19.53                  18.55
     Cash dividends per share .............................................              0.06                   0.06

  STOCK QUOTES:
     High .................................................................          $  20.75               $  15.73
     Low ..................................................................             16.00                  12.90
     At September 30 ......................................................             20.70                  13.05
  ---------------------------------------------------
  (1) Fairfield Savings Bank, FSB only.
  (2) Three month results have been annualized.
</TABLE>


                                       9


<PAGE>


    COMPARISON OF FINANCIAL CONDITION AT SEPTEMBER 30, 2002 AND JUNE 30, 2002

         Total assets decreased $18.7 million from $227.4 million at June 30,
2002 to $208.7 million at September 30, 2002. The components of the Company's
asset base also changed from June 30, 2002 to September 30, 2002.
Mortgage-backed securities ("MBS") (including both held-to-maturity and
available-for-sale portfolios) decreased $11.8 million from $23.0 million at
June 30, 2002 to $11.2 million at September 30, 2002. This decrease is
primarily, due to the sale of $9.8 million in mortgage-backed securities
available-for-sale and principal repayments during the quarter. A decrease of
$4.6 million in loans receivable was the result of loan originations of $6.5
million which was offset by $11.0 million of loan repayments and amortizations.
Interest earning deposits decreased $1.3 million from $9.8 million at June 30,
2002 to $8.5 million at September 30, 2002.

         Investment securities were $8.6 million and $8.5 million at September
30, 2002 and June 30, 2002, respectively.

         The allowance for loan losses at September 30, 2002 and June 30, 2002
was $300,000. Management believes that the allowance for loan losses is adequate
to cover any known losses, and losses inherent in the loan portfolio. It is the
policy of the Company to provide specific valuation allowances for estimated
losses on loans when any permanent decline in value is identified. Periodic
reviews are made to identify potential problem loans. In addition to specific
allowances, the Company maintains a general allowance for loan losses. Additions
to the allowance for loan losses are charged to operations. Also, various
regulatory agencies, as an integral part of their examination process,
periodically review the Company's allowance for loan losses. Such agencies may
require the Company to recognize additions to the allowance based on their
judgments using information available to them at the time of their examination.
In the opinion of management, the allowance for loan losses, when taken as a
whole, is adequate to absorb probable losses in the loan portfolio.

         The ratio of the allowance for loan losses to total loans was 0.18% and
0.17% at September 30, 2002 and June 30, 2002, respectively. At September 30,
2002 the ratio of the allowance for loan losses to non-performing loans was
106.38%. The Bank had three non-performing loans totaling approximately $282,000
at September 30, 2002 and no performing loans at June 30, 2002. There were no
loan chargeoffs during the three month periods ended September 30, 2002 and
2001.

              Savings deposits decreased $357,000 from June 30, 2002 to
September 30, 2002. Interest and noninterest-bearing NOW accounts declined $1.8
million primarily due to a $1.0 million decrease in government entities
deposits, whose balances fluctuate during the year. Passbook savings were $41.8
million at September 30, 2002 compared to $41.9 million at June 30, 2002.
Borrowed money was $42.0 million at September 30, 2002 compared to $61.0 million
at June 30, 2002, a decrease of $19.0 million. During the quarter, excess
liquidity was used to repay Federal Home Loan Bank advances.


                                       10


<PAGE>


         Stockholders' equity increased $238,000 to $29.5 million at September
30, 2002. The change was primarily due to net income of $323,000, a decrease in
accumulated other comprehensive income of $150,000, and the payment of a $0.06
per share quarterly cash dividend.


           COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED
                           SEPTEMBER 30, 2002 AND 2001

         GENERAL. For the three months ended September 30, 2002, net income was
$323,000 or $0.23 per basic and $0.22 diluted share, compared to net income of
$260,000 or $0.18 per basic and diluted share for the three months ended
September 30, 2001.

         INTEREST INCOME. Interest income was $3.4 million and $3.7 million for
the three months ended September 30, 2002 and 2001, respectively. The average
balance of interest-earning assets decreased $800,000 from $216.2 million for
the three months ended September 30, 2001 to $215.4 million for the three months
ended September 30, 2002. The average yield on the Bank's interest-earning
assets decreased 46 basis points from 6.77% for the three months ended September
30, 2001 to 6.31% for the three months ended September 30, 2002.

         INTEREST EXPENSE. Interest expense decreased $472,000 to $1.6 million
for the three months ended September 30, 2002, as compared to the same period in
2001. The average rate paid on interest-bearing liabilities decreased 90 basis
points from 4.38% for the three months ended September 30, 2001 to 3.48% for the
three months ended September 30, 2002. The average balance of interest-bearing
liabilities decreased $2.3 million to $181.6 million for the three months ended
September 30, 2002 from $183.9 million for the three months ended September 30,
2001. The decrease in the cost of average interest-bearing liabilities resulted
primarily from the renewal of maturing certificates of deposit and borrowed
funds at lower rates.

         NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES. Net interest
income before provision for loan losses was $1.8 million for the three months
ended September 30, 2002 and $1.6 million for the three months ended September
30, 2001. The average interest rate spread increased 44 basis points from 2.39%
for the three months ended September 30, 2001 to 2.83% for the comparable period
in 2002. Net interest margin increased 33 basis points and was 3.37% for the
three months ended September 30, 2002.

         PROVISION FOR LOAN LOSSES. There was no provision for loan losses for
the three months ended September 30, 2002 or for the comparable period in 2001.

         NONINTEREST INCOME. Noninterest income was $291,000 for the three
months ended September 30, 2002, compared to $84,000 for the three months ended
September 30, 2001. Noninterest income for the quarter ended September 30, 2002
included $197,000 in gains on the sale of securities available-for-sale; there
were no gains on the sale of securities in the prior fiscal period.


                                       11


<PAGE>


         NONINTEREST EXPENSE. Noninterest expense for the quarter ended
September 30, 2002 was $1.6 million compared to $1.3 million for the quarter
ended September 30, 2001. Compensation expense increased $157,000 to $894,000
for the quarter ended September 30, 2002. This increase was primarily due to the
increased cost of employee benefit plans which are impacted by the market value
of the Company's common stock and increased premiums for employee health
insurance. Office occupancy expense decreased $18,000 to $277,000 for the
quarter ended September 30, 2002. Professional service expense was $251,000 for
the quarter ended September 30, 2002 compared to $116,000 for the quarter ended
September 30, 2001. The increase was primarily due to $137,000 in professional
service fees related to the proposed sale of the Company.

         INCOME TAX EXPENSE. Income tax expense increased $66,000 from $123,000
for the three months ended September 30, 2001 to $189,000 for the three months
ended September 30, 2002. This increase was primarily due to the increase of
$129,000 in pre-tax income. The effective tax rate was 36.9% and 32.1% for the
three month periods ended September 30, 2002 and 2001, respectively. The
increase in the effective tax rate was primarily due to the reduction of the
Company's dividend received deductions.


                         LIQUIDITY AND CAPITAL RESOURCES

         The Bank's primary sources of funds are savings deposits, principal and
interest payments on loans and mortgage-backed securities, and borrowings from
the FHLB. While maturities and scheduled amortization of loans and
mortgage-backed securities provide an indication of the timing of the receipt of
funds, changes in interest rates, economic conditions and competition strongly
influence mortgage prepayment rates and savings deposit flows, reducing the
predictability of the timing of sources of funds. Net cash provided by operating
activities amounted to $646,000 during the quarter ended September 30, 2002
compared to net cash used in operating activities of $82,000 during the quarter
ended September 30, 2001.

         Under Office of Thrift Supervision regulations, the Bank is required to
maintain sufficient liquidity to ensure its safe and sound operation. At
September 30, 2002, the Bank's liquidity ratio was 13.85%. 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 September 30, 2002 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
three months ended September 30, 2002 and 2001.


                                       12


<PAGE>


         At September 30, 2002, the Bank had outstanding loan origination
commitments of $3.3 million and unused lines of consumer credit of $1.3 million.
The Bank anticipates that it will have sufficient funds available to meet its
current origination and other lending commitments. Certificates of deposit
scheduled to mature in one year or less from September 30, 2002 totaled $27.7
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 September 30, 2002, the Bank exceeded all of its regulatory capital
requirements with a tangible capital level of $24.3 million, or 11.86% of total
adjusted assets, which is above the required level of $3.1 million or 1.50%;
core capital of $24.3 million, or 11.86% of total adjusted assets, which is
above the required level of $6.1 million or 3.0%; and total risk-based capital
of $24.6 million, or 24.33% of risk-weighted assets, which is above the required
level of $8.1 million, or 8.00%.


                       IMPACT OF NEW ACCOUNTING STANDARDS

         None.

                                     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, 2002.

                                     ITEM 4.
                            CONTROLS AND PROCEDURES.

         During the 90-day period prior to the filing date of this report,
management, including the Company's President and Chief Executive Officer and
Chief Financial Officer, evaluated the effectiveness of the design and operation
of the Company's disclosure controls and procedures. Based upon, and as of the
date of that evaluation, the President and Chief Executive Officer and Chief
Financial Officer concluded that the disclosure controls and procedures were
effective, in all material respects, to ensure that information required to be
disclosed in the reports the Company files and submit under the Exchange Act is
recorded, processed, summarized and reported as and when required.

         There have been no significant changes in the Company's internal
controls or in other factors which could significantly affect internal controls
subsequent to the date the Company carried out its evaluation. There were no
significant deficiencies or material weaknesses identified in the evaluation and
therefore, no corrective actions were taken.


                                       13


<PAGE>


                                     PART II
                                OTHER INFORMATION

ITEM 1.   Legal Proceedings
          None

ITEM 2.   Changes in Securities and Use of Proceeds
          None

ITEM 3.   Defaults Upon Senior Securities
          None

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

ITEM 5.   Other Information
          None

ITEM 6.   Exhibits and Reports on Form 8-K
          (a)  Exhibits - Form 99.1  Statements Furnished Pursuant to
               Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C, Section
               1350
          (b)  Reports on Form 8-K - On July 22, 2002, the Company filed a
               current report on Form 8-K, under Item 5, to report the
               signing of the definitive merger agreement with Midwest.

SIGNATURES

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


                                          BIG FOOT FINANCIAL CORP.

                                               (Registrant)



                                     By:  /s/Michael J. Cahill
                                          --------------------------------------
                                                    Michael J. Cahill
                                              Senior Vice President and Chief
                                                   Financial  Officer
November 1, 2002


                                       14


<PAGE>


                                 CERTIFICATIONS


         I, Michael J. Cahill, certify that:

1.       I have reviewed this quarterly report on Form 10-Q of Big Foot
         Financial Corp.;

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report; and

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report.

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         (a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this quarterly report (the "Evaluation Date"); and

         (c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of the registrant's board of directors (or persons
         performing the equivalent function):

         (a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         (b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and


                                       15


<PAGE>


6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there significant changes in internal
         controls or in other factors that could significantly affect internal
         controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:  November 1, 2002                  /s/ Michael J. Cahill
                                         ---------------------------------------
                                         Michael J. Cahill
                                         Senior Vice President
                                         and Chief Financial Officer


                                       16


<PAGE>




         I, Timothy L. McCue, certify that:

1.       I have reviewed this quarterly report on Form 10-Q of Big Foot
         Financial Corp.;

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report; and

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report.

4.       The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         (a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this quarterly report (the "Evaluation Date"); and

         (c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5.       The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and the
         audit committee of the registrant's board of directors (or persons
         performing the equivalent function):

         (a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         (b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and


                                       17


<PAGE>


6.       The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there significant changes in internal
         controls or in other factors that could significantly affect internal
         controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:  November 1, 2002                  /s/ Timothy L. McCue
                                         ---------------------------------------
                                         Timothy L. McCue
                                         President and Chief Executive Officer

                                       18