<PAGE>

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

                                   FORM 10-QSB
/X/     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000

/ /     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT FOR THE TRANSITION PERIOD FROM __________ TO __________

                         COMMISSION FILE NUMBER 0-28894

                          ACCESS ANYTIME BANCORP, INC.
                 (Name of small business issuer in its charter)

           DELAWARE                                     85-0444597
(State or other jurisdiction of               (I.R.S. Employer Identification
incorporation or organization)                             No.)

                    801 PILE STREET, CLOVIS, NEW MEXICO 88101
                   (Address of principal executive    (Zip Code)
                                    offices)

         Issuer's telephone number, including area code: (505) 762-4417

       SECURITIES REGISTERED UNDER SECTION 12(b) OF THE EXCHANGE ACT: NONE

         SECURITIES REGISTERED UNDER SECTION 12(g) OF THE EXCHANGE ACT:

                           COMMON STOCK $.01 PAR VALUE
                                (Title of class)

         Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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 / /

                1,242,747 Shares of Capital Stock $.01 par value

                       Outstanding as of October 25, 2000








 Transitional Small Business Disclosure Format (check one):  Yes / /    No /X/

===============================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                   Page
                                                                                                   ----
<S>                                                                                                <C>

Report of Independent Accountants.......................................................             3

PART I - FINANCIAL INFORMATION

         Item 1 - Financial Statements

                  Unaudited Condensed Consolidated Statements of Financial Condition....             4

                  Unaudited Condensed Consolidated Statements of Operations.............             5

                  Unaudited Condensed Consolidated Statement of Stockholders' Equity....             6

                  Unaudited Condensed Consolidated Statements of Cash Flows.............         7 - 8

                  Notes to Condensed Consolidated Financial Statements (Unaudited)......        9 - 13

         Item 2 - Management's Discussion and Analysis or Plan of Operation.............       14 - 18

PART II - OTHER INFORMATION

         Item 1  - Legal Proceedings....................................................            19

         Item 6 - Exhibits and Reports on Form 8-K......................................            19

SIGNATURES..............................................................................            20

</TABLE>














                                       2

<PAGE>

                        REPORT OF INDEPENDENT ACCOUNTANTS


Members of the Audit Committee
Access Anytime Bancorp, Inc.

We have reviewed the accompanying condensed consolidated statement of
financial condition of Access Anytime Bancorp, Inc. and subsidiary as of
September 30, 2000 and the related condensed consolidated statements of
operations for the three and nine month periods ended September 30, 2000 and
1999 and the related condensed consolidated statement of stockholders' equity
for the nine month period ended September 30, 2000 and the condensed
consolidated statements of cash flows for the nine month periods ended
September 30, 2000 and 1999. These condensed consolidated financial
statements are the responsibility of the Company's management.

We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures
to financial data and making inquiries of persons responsible for financial
and accounting matters. It is substantially less in scope than an audit
conducted in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the consolidated
financial statements taken as a whole. Accordingly, we do not express such an
opinion.

Based upon our reviews, we are not aware of any material modifications that
should be made to the condensed consolidated financial statements referred to
above for them to be in conformity with generally accepted accounting
principles.

We previously audited, in accordance with generally accepted auditing
standards, the consolidated statement of financial condition as of December
31, 1999, and the related consolidated statements of operations and cash
flows for the year then ended (not presented herein); and in our report dated
March 2, 2000 (except as to Note 19 for which the date is March 6, 2000), we
expressed an unqualified opinion on those consolidated financial statements.
In our opinion, the information set forth in the accompanying condensed
consolidated statement of financial condition as of December 31, 1999, is
fairly stated, in all material respects, in relation to the consolidated
statement of financial condition from which it has been derived


                              ROBINSON BURDETTE MARTIN SERIGHT & BURROWS, L.L.P.



Lubbock, Texas
October 21, 2000



                                       3

<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS
The following unaudited consolidated financial statements include all
adjustments, which in the opinion of management, are necessary in order to
make such financial statements not misleading.

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

<TABLE>
<CAPTION>
                                                                                       September 30,          December 31,
ASSETS                                                                                     2000                   1999
------                                                                              --------------------  --------------------
<S>                                                                                 <C>                   <C>

Cash and cash equivalents                                                           $         9,244,024   $         7,874,748
Certificates of deposit                                                                       3,843,000             5,092,000
Securities available-for-sale (amortized cost of $8,102,220 and $9,231,129)                   7,967,701             9,119,966
Securities held-to-maturity (aggregate fair value of $6,936,108
   and $6,779,494)                                                                            6,968,416             6,856,891
Loans held-for-sale (aggregate fair value of $1,316,449 and $187,175)                         1,285,105               183,850
Loans receivable, net                                                                       114,383,494           104,176,810
Interest receivable                                                                             990,638               869,234
Real estate owned                                                                               561,585               187,778
Federal Home Loan Bank stock                                                                    929,400               879,758
Premises and equipment, net                                                                   3,631,659             2,472,703
Servicing rights                                                                                 66,104                83,737
Goodwill, net                                                                                 2,051,380             2,134,860
Deferred tax asset                                                                            1,162,925             1,334,100
Other assets                                                                                    410,374               541,282
                                                                                    --------------------  --------------------

       Total assets                                                                 $       153,495,805   $       141,807,717
                                                                                    ====================  ====================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Liabilities:
   Deposits                                                                         $       136,001,408   $       122,479,738
   Federal Home Loan Bank advances                                                            3,250,000             7,250,000
   Accrued interest and other liabilities                                                     1,031,734               664,686
   Advanced payments by borrowers for taxes and insurance                                       238,505                99,861
   Employee Stock Ownership Plan - Note Payable                                               1,320,083                    --
                                                                                    --------------------  --------------------

       Total liabilities                                                                    141,841,730           130,494,285
                                                                                    --------------------  --------------------

Commitments and contingencies

Stockholders' equity:
   Preferred stock, $.01 par value; 4,000,000 shares authorized; none                                --                    --
     issued
   Common stock, $.01 par value; 6,000,000 shares authorized;
     1,489,116 and
     1,244,016 shares issued; 1,242,747 and 1,238,374 outstanding in                             14,891                12,440
     2000 and 1999, respectively
   Capital in excess of par value                                                            11,039,792             9,659,555
   Retained earnings                                                                          2,110,279             1,754,815
   Accumulated other comprehensive loss, net of tax of $45,736 and                              (88,782)              (73,368)
     $37,795
                                                                                    --------------------  --------------------
                                                                                             13,076,180            11,353,442
   Unallocated Employee Stock Ownership Plan shares                                          (1,320,083)                   --
   Treasury stock, at cost                                                                     (102,022)              (40,010)
                                                                                    --------------------  --------------------
       Total stockholders' equity                                                            11,654,075            11,313,432
                                                                                    --------------------  --------------------

       Total liabilities and stockholders' equity                                   $       153,495,805   $       141,807,717
                                                                                    ====================  ====================
</TABLE>

    The accompanying notes are an integral part of these unaudited condensed
                       consolidated financial statements.
                         See accountants' review report.



                                       4

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

                                                                Three Month Periods Ended            Nine Month Periods Ended
                                                                      September 30,                       September 30,
                                                           ------------------------------------  ---------------------------------
                                                                 2000               1999               2000             1999
                                                           ------------------  ----------------  ----------------- ---------------
<S>                                                        <C>                 <C>               <C>               <C>
Interest income:
   Loans receivable                                        $    2,346,715      $    1,902,266    $    6,712,219    $    5,568,421
   U.S. government agency securities                               57,775              11,821           184,690            34,570
   Mortgage-backed securities                                     206,967             210,912           652,431           696,412
   Other interest income                                          104,174              71,603           304,507           214,194
                                                           ------------------  ----------------  ----------------- ---------------

       Total interest income                                    2,715,631           2,196,602         7,853,847         6,513,597
                                                           ------------------  ----------------  ----------------- ---------------

Interest expense:
   Deposits                                                     1,361,378           1,041,341         3,645,241         3,242,137
   FHLB advances                                                  116,677             118,085           437,257           330,279
                                                           ------------------  ----------------  ----------------- ---------------

       Total interest expense                                   1,478,055           1,159,426         4,082,498         3,572,416
                                                           ------------------  ----------------  ----------------- ---------------

Net interest income before provision for loan losses            1,237,576           1,037,176         3,771,349         2,941,181
Provision for loan losses                                          39,000             138,301           116,378           312,672
                                                           ------------------  ----------------  ----------------- ---------------

       Net interest income after provision for loan losses      1,198,576             898,875         3,654,971         2,628,509
                                                           ------------------  ----------------  ----------------- ---------------

Noninterest income:
   Loan servicing and other fees                                   58,806              76,244           172,157           174,819
   Net realized gains on sales of available-for-sale
        securities                                                     --                  --                --           739,475
   Net realized gains on sales of loans                           105,661              85,474           194,280           235,122
   Other income                                                   184,548             124,534           549,084           336,611
                                                           ------------------  ----------------  ----------------- ---------------

         Total other income                                       349,015             286,252           915,521         1,486,027
                                                           ------------------  ----------------  ----------------- ---------------

Noninterest expenses:
   Salaries and employee benefits                                 720,362             459,058         2,005,912         1,518,128
   Occupancy expense                                              212,201             146,256           610,044           439,446
   Deposit insurance premium                                       27,412              34,538            77,938           101,743
   Advertising                                                     37,191               7,847            67,432            29,323
   Real estate operations, net                                      4,301               5,770            16,726             5,324
   Professional fees                                               73,154              43,219           191,306           154,362
   Amortization of goodwill                                        36,270                  --           108,652                --
   Other expense                                                  303,442             281,700           952,902           898,389
                                                           ------------------  ----------------  ----------------- ---------------

               Total other expenses                             1,414,333             978,388         4,030,912         3,146,715
                                                           ------------------  ----------------  ----------------- ---------------

Income before income taxes                                        133,258             206,739           539,580           967,821

Income tax expense (benefit)                                       45,307             (88,460)          184,116          (147,193)
                                                           ------------------  ----------------  ----------------- ---------------

Net income                                                 $       87,951      $      295,199    $      355,464    $    1,115,014
                                                           ==================  ================  ================= ===============

Earnings per common share                                  $          .07      $          .24    $          .29    $          .90
                                                           ==================  ================  ================= ===============

Earnings per common share-assuming dilution                $          .07      $          .23    $          .28    $          .88
                                                           ==================  ================  ================= ===============

</TABLE>

    The accompanying notes are an integral part of these unaudited condensed
                       consolidated financial statements.
                         See accountants' review report.



                                       5

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY


<TABLE>
<CAPTION>

                                         Common Stock       Treasury Stock
                                       ----------------- --------------------

                                                                                                        Capital
                                                                                                       in Excess
                               Comprehensive   Number               Number                Unearned       of Par     Retained
                                  Income      of shares   Amount   of Shares    Amount    ESOP Shares    Value      Earnings
                               -------------  ---------  --------  ---------  ----------  -----------  ----------- ----------
<S>                            <C>            <C>        <C>       <C>        <C>         <C>          <C>         <C>
Balance at December  31, 1999                 1,244,016  $ 12,440      5,642  $ (40,010)  $      --    $9,659,555  $1,754,815

Net income                     $   355,464         --        --         --         --            --          --       355,464

Net changes in unrealized
 depreciation on available-for-
 sale securities, net of tax       (15,414)        --        --         --         --            --          --          --
                               -------------

Total comprehensive income     $   340,050
                               =============

Common stock issued                             245,100     2,451       --         --            --     1,365,287        --

Common stock rights issued
 in lieu of directors' cash                        --        --         --         --            --        14,950        --
 compensation

Purchase of ESOP shares                            --        --         --         --      (1,350,000)       --          --

Purchases of treasury stock                        --        --        8,727    (62,012)         --          --          --

ESOP shares allocated                              --        --         --         --          29,917
                                              ---------  --------  ---------  ----------  -----------  ----------- ----------

Balance at September 30, 2000                 1,489,116  $ 14,891     14,369  $(102,022)  $(1,320,083) $11,039,792 $2,110,279
                                              =========  ========  =========  ==========  ===========  =========== ==========


<CAPTION>

                                Accumulated
                                  Other
                               Comprehensive
                                  Income
                                  (Loss)
                                    Net         Total
                                -----------  -----------
<S>                            <C>           <C>
Balance at December  31, 1999   $  (73,368)  $11,313,432

Net income                            --         355,464

Net changes in unrealized
 depreciation on available-for-
 sale securities, net of tax       (15,414)      (15,414)

Total comprehensive income

Common stock issued                   --       1,367,738

Common stock rights issued
 in lieu of directors' cash
 compensation                         --          14,950

Purchase of ESOP shares               --      (1,350,000)

Purchases of treasury stock           --         (62,012)

ESOP shares allocated                             29,917
                                -----------  -----------

Balance at September 30, 2000   $  (88,782)  $11,654,075
                                ===========  ===========

</TABLE>









    The accompanying notes are an integral part of these unaudited condensed
                       consolidated financial statements.
                         See accountants' review report.


                                       6

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                                                            Nine Month Periods Ended
                                                                                                  September 30,
                                                                                      --------------------------------------
                                                                                            2000                 1999
                                                                                      ------------------  ------------------
<S>                                                                                   <C>                 <C>
Cash flows from operating activities:
   Net income                                                                         $        355,464    $      1,115,014
   Adjustments to reconcile net income to cash
    provided by operating activities:
     Depreciation                                                                              325,217             243,169
     Deferred income taxes                                                                     179,116            (127,240)
     Provision for loan losses charged                                                         116,378             312,672
     Amortization of premiums on investment securities                                          58,224              90,050
     Amortization of loan premiums, discounts and
       deferred fees, net                                                                      120,952              67,871
     Amortization of organizational costs                                                           --             115,162
     Amortization of goodwill                                                                  108,652                  --
     Gain on sale of loans held-for-sale                                                      (194,280)           (235,122)
     Proceeds from sales of loans held-for-sale                                              9,186,605          16,358,316
     Originations of loans held-for-sale                                                   (10,098,777)        (16,441,460)
     Common stock rights issued in lieu of directors
       compensation                                                                             14,950              15,000
     Gain on foreclosed real estate                                                                 --              (3,713)
     (Gain) loss on disposition of assets                                                        4,791              (5,944)
     Gain on sale of available-for-sale securities                                                  --            (739,475)
     Non-cash ESOP contribution                                                                 29,917                  --
     Net increase in accrued interest receivable and
       other assets                                                                            116,250            (584,172)
     Increase (decrease) in accrued expense and other
       liabilities                                                                             367,048            (169,661)
                                                                                      ------------------  ------------------

       Net cash provided by operating activities                                               690,507              10,467
                                                                                      ------------------  ------------------

Cash flows from investing activities:
   Proceeds from maturities and principal repayments
     of available-for-sale securities                                                        1,092,477           1,817,844
   Purchases of held-to-maturity securities                                                 (2,191,887)                 --
   Proceeds from maturities and principal repayments
     of held-to-maturity securities                                                          2,058,571           2,367,441
   Proceeds from sale of available-for-sale securities                                              --             746,409
   Purchase of available-for-sale securities                                                        --              (6,858)
   Purchase of FHLB stock                                                                      (49,642)            (77,200)
   Net (increase) decrease in certificates of deposit                                        1,249,000            (802,981)
   Net increase in loans                                                                   (10,926,909)        (10,124,194)
   Proceeds from sales of foreclosed real estate                                                    --              69,169
   Purchases of premises and equipment                                                      (1,488,964)           (229,289)
                                                                                      ------------------  ------------------

       Net cash used in investing activities                                               (10,257,354)         (6,239,659)
                                                                                      ------------------  ------------------

Cash flows from financing activities:
   Net increase (decrease) in deposits                                                      13,521,670          (2,141,809)
   Net change in other borrowed funds                                                       (4,000,000)          7,300,000
   Net increase (decrease) in advance payments by
     borrowers for taxes and insurance                                                         138,644            (177,429)
   Purchase of treasury stock                                                                  (62,012)            (23,032)
   Proceeds from issuance of common stock                                                    1,367,738              37,124
   Repayment of debt                                                                           (29,917)                 --
                                                                                      ------------------  ------------------

       Net cash provided by financing activities                                            10,936,123           4,994,854
                                                                                      ------------------  ------------------

Increase (decrease) in cash and cash equivalents                                             1,369,276          (1,234,338)
Cash and cash equivalents at January 1                                                       7,874,748           5,232,708
                                                                                      ------------------  ------------------

Cash and cash equivalents at September 30                                             $      9,244,024    $      3,998,370
                                                                                      ==================  ==================
                                   (Continued)


                                       7

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (CONTINUED)

<CAPTION>

                                                                                            Nine Month Periods Ended
                                                                                                  September 30,
                                                                                      --------------------------------------
                                                                                            2000                 1999
                                                                                      ------------------  ------------------
<S>                                                                                   <C>                 <C>
Supplemental disclosures of cash flow information:
   Cash paid during the period for:
     Interest                                                                         $      4,037,063    $      3,271,517
     Income taxes                                                                                5,000              20,000
   Supplemental disclosure of non-cash investing and
    financing activities
       Real estate acquired in settlement of loans
                                                                                               482,985             409,568

</TABLE>

















    The accompanying notes are an integral part of these unaudited condensed
                       consolidated financial statements.
                         See accountants' review report.

                                       8

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 1   BASIS OF CONSOLIDATION AND PRESENTATION

Access Anytime Bancorp, Inc. (the "Company") is a thrift holding company for
its wholly-owned subsidiary FirstBank (the "Bank") and the Bank's
wholly-owned subsidiary, First Equity Development Corporation ("FEDCO"). The
consolidated financial statements include the accounts and transactions of
the Company, the Bank and FEDCO. All significant intercompany accounts and
transactions have been eliminated in consolidation.

The unaudited interim financial statements have been prepared by management
of the Company, 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 generally accepted accounting principles have been omitted pursuant to
such rules and regulations, although management believes that the disclosures
included herein are adequate to make the information presented not
misleading. In the opinion of management, all adjustments (consisting of only
normal recurring accruals) considered necessary for presentation of the
information have been included. The December 31, 1999 consolidated statement
of financial condition, as presented herein, was derived from audited
financial statements, but does not include all disclosures required by
generally accepted accounting principles and should be read in conjunction
with the audited consolidated financial statements of the Company for the
year ended December 31, 1999.
















                                       9

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 2   SECURITIES

Securities have been classified in the consolidated statements of financial
condition according to management's intent. The carrying amount of securities
and their approximate fair value follows:

<TABLE>
<CAPTION>

                                                    Amortized                 Gross unrealized                   Fair
                                                       Cost               Gains              Losses             Value
                                                 -----------------  ------------------  -----------------  -----------------
<S>                                              <C>                <C>                 <C>                <C>

AVAILABLE-FOR-SALE SECURITIES:

   September 30, 2000:
     Mortgage-backed securities:
       GNMA adjustable rate                      $       8,095,362  $            152    $         134,588  $      7,960,926
     Equity securities:
       FNMA common stock                                     6,858                --                   83             6,775
                                                 -----------------  ------------------  -----------------  -----------------
                                                 $       8,102,220  $            152    $         134,671  $      7,967,701
                                                 =================  ==================  =================  =================


   December 31, 1999:
     Mortgage-backed securities:
       GNMA adjustable rate                      $       9,231,129  $           4,565   $        115,728   $      9,119,966
                                                 =================  ==================  =================  =================

</TABLE>

<TABLE>
<CAPTION>

                                                    Amortized                 Gross unrealized                   Fair
                                                       Cost               Gains              Losses              Value
                                                 -----------------  ------------------  -----------------  -----------------
<S>                                              <C>                <C>                 <C>                <C>

HELD-TO-MATURITY SECURITIES:

   September 30, 2000:
     Mortgage-backed securities:
       FNMA participation certificates           $         299,758  $              --   $           2,616  $         297,142
       FHLMC participation certificates                  1,566,663                 --              14,662          1,552,001
       GNMA fixed rate                                   1,750,754             17,395                  --          1,768,149
       FHLMC adjustable rate                               859,293                 --              24,914            834,379
     US government agency bonds                          1,000,000                 --               3,663            996,337
     Corporate bonds                                     1,191,948                493               4,341          1,188,100
     Trust preferred securities                            300,000                 --                  --            300,000
                                                 -----------------  ------------------  -----------------  -----------------

                                                 $       6,968,416  $          17,888   $          50,196  $       6,936,108
                                                 =================  ==================  =================  =================

   December 31, 1999:
     Mortgage-backed securities:
       FNMA participation certificates           $       1,515,252  $              --   $          15,801  $       1,499,451
       FHLMC participation certificates                  2,175,614                 --              21,716          2,153,898
       FHLMC adjustable rate                               969,828                 --              37,607            932,221
     US government agency bonds                          1,000,000                 --               4,146            995,854
     Corporate bonds                                       896,197                 --               7,877            888,320
     Trust preferred securities                            300,000             13,500               3,750            309,750
                                                 -----------------  ------------------  -----------------  -----------------

                                                 $       6,856,891  $          13,500   $          90,897  $       6,779,494
                                                 =================  ==================  =================  =================

</TABLE>



                                       10
<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 3   LOANS HELD-FOR-SALE

The carrying amount of loans held-for-sale and their estimated fair value, as
determined on an aggregate basis, follows:

<TABLE>
<CAPTION>

                                                                     Gross unrealized
                                                        --------------------------------------------
                                Amortized cost                Gains                    Losses                 Fair value
                              -------------------       -------------------      -------------------      -------------------
<S>                           <C>                       <C>                      <C>                      <C>

September 30, 2000            $       1,285,105         $          31,344        $              --        $       1,316,449
December 31, 1999                       183,850                     3,325                       --                  187,175

</TABLE>


NOTE 4   LOANS RECEIVABLE

The components of loans in the consolidated statements of financial condition
were as follows:

<TABLE>
<CAPTION>

                                                                                       September 30,        December 31,
                                                                                            2000                1999
                                                                                      -----------------  -------------------
<S>                                                                                   <C>                <C>

First mortgage loans:
   Conventional                                                                       $      84,233,851  $        78,163,131
   FHA insured and VA guaranteed                                                              6,903,878            6,350,481
Consumer and installment loans                                                               19,840,287           17,472,395
Construction loans                                                                              511,500              569,176
Other                                                                                         4,552,938            3,664,735
                                                                                      -----------------  -------------------

                                                                                            116,042,454          106,219,918

Less:
   Loans in process                                                                             152,681              413,520
   Unearned discounts, deferred loan fees, and other                                            885,157              765,271
   Allowance for loan losses                                                                    621,122              864,317
                                                                                      -----------------  -------------------

                                                                                      $     114,383,494  $       104,176,810
                                                                                      =================  ===================

</TABLE>

An analysis of the changes in allowance for loan losses follows:

<TABLE>
<CAPTION>

                                                                                   Nine Months Ended        Year Ended
                                                                                  September 30, 2000     December 31, 1999
                                                                                 ---------------------- --------------------
<S>                                                                              <C>                    <C>

Balance at beginning of year                                                     $        864,317       $         600,984

Loans charged-off                                                                        (124,289)               (341,775)
Recoveries                                                                                 14,715                  31,288
                                                                                 ---------------------- --------------------

       Net loans charged-off                                                             (109,574)               (310,487)
Provision for loan losses charged to operations                                           116,379                 323,820
Acquired general valuation allowance                                                     (250,000)                250,000
                                                                                 ---------------------- --------------------

Balance at end of period                                                         $        621,122       $         864,317
                                                                                 ====================== ====================

</TABLE>


                                       11

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 4   LOANS RECEIVABLE (CONTINUED)

An analysis of the changes of loans to directors, executive officers, and major
stockholders is as follows:

<TABLE>
<CAPTION>

                                                                                   Nine Months Ended        Year Ended
                                                                                  September 30, 2000     December 31, 1999
                                                                                 ---------------------- --------------------
<S>                                                                              <C>                    <C>

Balance at beginning of year                                                     $      1,300,285       $      2,272,616
Loans originated                                                                           65,110                217,074
Loan principal payments and other reductions                                             (100,551)            (1,189,405)
                                                                                 ---------------------- --------------------

Balance at end of period                                                         $      1,264,844       $      1,300,285
                                                                                 ====================== ====================

</TABLE>


NOTE 5   NON-PERFORMING ASSETS


The composition of the Bank's portfolio of non-performing assets is shown in the
following table:

<TABLE>
<CAPTION>

                                                                              September 30, 2000        December 31, 1999
                                                                            -----------------------     ---------------------
<S>                                                                         <C>                         <C>

Non-accruing loans*                                                         $         132,665           $       124,431
Past due 90 days or more and still accruing                                               --                        --
Real estate owned                                                                     561,585                   187,778
                                                                            -----------------------     ---------------------

Total non-performing assets                                                 $         694,250           $       312,209
                                                                            =======================     =====================

Ratio of non-performing assets to total assets                                         0.45%                    0.22%
                                                                            =======================     =====================

</TABLE>

*  Primarily loans which are past due for 90 days or more











                                       12

<PAGE>

ACCESS ANYTIME BANCORP, INC. AND SUBSIDIARY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 6   NET INCOME PER SHARE

Basic net income per share has been computed by dividing net income available to
common stockholders for the period by the weighted average number of common
shares outstanding during the period. Diluted net income per share has been
computed by dividing net income available to common stockholders for the period
by the weighted average number of common shares outstanding during the period
adjusted for the assumed exercise of outstanding stock options and other
contingently issuable shares of common stock. Net income for basic and diluted
earnings per share are the same, as there are no contingently issuable shares of
stock whose issuance would have impacted net income.

A reconciliation between basic and diluted weighted average common shares
outstanding follows:

<TABLE>
<CAPTION>

                                                        Three Months Ended                     Nine Months Ended
                                                            September 30,                          September 30,
                                                 -------------------------------------  ------------------------------------
                                                       2000               1999                2000               1999
                                                 -------------------------------------  ------------------------------------
<S>                                              <C>                <C>                 <C>                <C>

Weighted average common
     shares - Basic*                                  1,248,047          1,239,262           1,244,032          1,238,908

Plus effect of dilutive securities:
   Stock Options                                          6,470             26,914               9,338             21,952
   Shares held by Rabbi Trust                            13,789              4,222              11,624              2,864
                                                 -----------------  ------------------  -----------------  -----------------

Weighted average common
     shares - Assuming Dilution                       1,268,306          1,270,398           1,264,994          1,263,724
                                                 =================  ==================  =================  =================

</TABLE>

*Includes shares awarded to directors under the Non-Employee Director
Retainer Plan











                                       13

<PAGE>

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

THE FOREGOING DISCUSSION SHOULD BE READ IN CONJUNCTION WITH ACCESS ANYTIME
BANCORP, INC.'S ("THE COMPANY") 1999 ANNUAL REPORT ON FORM 10-KSB.


GENERAL

The Company is a Delaware corporation which was organized in 1996 for the
purpose of becoming the thrift holding company of FirstBank (the "Bank"). The
Bank is a federally chartered stock savings bank conducting business from
five banking locations in Albuquerque, Clovis, Gallup, and Portales, New
Mexico. The Bank has a wholly-owned subsidiary which is currently inactive.

The Bank is principally engaged in the business of attracting retail and
commercial deposits from the general public and investing those funds in
first mortgage loans in owner occupied, single-family residential loans,
residential construction loans and commercial real estate loans. In addition,
the Bank also originates consumer loans, including loans for the purchase of
automobiles and home improvement loans, and commercial business loans
including Small Business Administration loans.

The most significant outside factors influencing the operations of the Bank
and other financial institutions include general economic conditions,
competition in the local market place and the related monetary and fiscal
policies of agencies that regulate financial institutions. More specifically,
the cost of funds, primarily consisting of deposits, is influenced by
interest rates on competing investments and general market rates of interest.
Lending activities are influenced by the demand for real estate financing and
other types of loans, which in turn is affected by the interest rates at
which such loans may be offered and other factors affecting loan demand and
funds availability.


FINANCIAL CONDITION

Total assets for the Company increased by $11,688,088 or 8.24%, from December
31, 1999 to September 30, 2000. The increase in assets was primarily due to
an increase of approximately $10.2 million in loans receivable from December
31, 1999 to September 30, 2000.

Total liabilities increased by $11,347,445 or 8.70%, for the nine-month
period ended September 30, 2000. An increase of $13.5 million or 11.04% in
deposits was the cause of the increase in total liabilities. The opening of a
branch in Albuquerque, New Mexico in June 2000 was the primary cause of the
increase in deposits. The increase in deposits was used to fund the increase
in loans receivable and decrease FHLB advances by $4 million.

To support the institution's growth in Gallup and Albuquerque, the Company
issued 240,000 new common shares of stock to an Employee Stock Ownership Plan
(ESOP), which was facilitated by a loan in the amount of $1,350,000 that was
obtained from a third party lender. This transaction was consummated on May
1, 2000. The 240,000 shares are held in suspense until loan payments are
made, at which time shares are allocated to ESOP participants. The first of
these payments was made on August 1, 2000.



                                       14

<PAGE>

CAPITAL ADEQUACY AND LIQUIDITY

CAPITAL ADEQUACY - Under the Financial Institutions Reform, Recovery and
Enforcement Act of 1989 ("FIRREA") and the implementation of Office of Thrift
Supervision ("OTS") regulations on December 7, 1989 the Bank must have: (1)
Tier 1 or core capital equal to 3% of adjusted total assets and (2) total
capital equal to 8.0% of risk-weighted assets, which includes off-balance
sheet items.

Under the Federal Deposit Insurance Corporation Improvement Act ("FDICIA"),
to be deemed "well capitalized" the minimum ratios the Bank must have are:
(1) Tier 1 or core capital of 5% of adjusted total assets, (2) Tier 1
risk-based capital of 6% of risk-weighed assets, and (3) total risk-based
capital of 10% of risk weighted assets.

The following  table is a  reconciliation  of the Bank's capital for
regulatory  purposes at September 30, 2000 as reported to the OTS.

<TABLE>
<CAPTION>

                                                                         Tier 1-            Tier 1-             Total
                                                                          Core             Risk-based         Risk-based
                                                                         Capital            Capital            Capital
                                                                    ------------------  -----------------  -----------------
<S>                                                                 <C>                 <C>                <C>

Total regulatory assets                                             $    153,479,593
Net unrealized depreciation on
   available-for-sale securities, net                                         88,782
Less intangible assets disallowed for
   regulatory purposes                                                    (2,373,305)
                                                                    ------------------

Adjusted regulatory total assets                                    $    151,195,070
                                                                    ==================

Risk-based assets                                                                       $      99,792,000  $     99,792,000
                                                                                        =================  =================

Stockholders' equity                                                $     13,172,637    $     13,172,637   $     13,172,637
Net unrealized depreciation on
   available-for-sale securities, net                                         88,782              88,782             88,782
General valuation allowance                                                       --                  --            621,122
Less intangible assets disallowed for
regulatory purposes                                                       (2,373,305)         (2,373,305)        (2,373,305)
                                                                    ------------------  -----------------  -----------------

Regulatory capital                                                        10,888,114          10,888,114         11,509,236
Regulatory capital required to be "well capitalized"                       7,559,754           5,987,520          9,979,200
                                                                    ------------------  -----------------  -----------------

Excess regulatory capital                                           $      3,328,360    $      4,900,594   $      1,530,036
                                                                    ==================  =================  =================

Bank's capital to adjusted regulatory assets                                   7.20%
                                                                    ==================

Bank's capital to risk-based assets                                                             10.91%               11.53%
                                                                                        =================  =================

</TABLE>


LIQUIDITY

Liquidity enables the Bank to meet withdrawals of its deposits and the needs
of its loan customers. The Bank maintains its liquidity position through
maintenance of cash resources and a core deposit base. A further source is
the Bank's ability to borrow funds. The Bank is a member of the Federal Home
Loan Bank ("FHLB") which provides a source of borrowings to the Bank for
asset and asset/liability matching. FHLB borrowings were reduced from $14.25
million to $3.25 million from June 30, 2000 to September 30, 2000 primarily
due to a $13.5 million increase in deposits.


                                       15

<PAGE>

RESULTS OF OPERATIONS


THREE-MONTH COMPARATIVE ANALYSIS FOR PERIODS SEPTEMBER 30, 2000 AND 1999

Net income for the three-months ended September 30, 2000 was $87,951 or $.07
per share compared to $295,199 or $.24 per share for the three-months ended
September 30, 1999.

Net Interest Income. Net interest income before provision for loan losses
increased by approximately $201,000 to $1,238,000 for the three-month period
ended September 30, 2000 compared to $1,037,000 for the same period in 1999.
Interest income for the quarter ended September 30, 2000 increased by
$519,000 that was reduced by an increase in interest expense of $318,000, as
compared to the quarter ended September 30, 1999. The increase in interest
income was primarily due to an increase in loan receivable interest income of
$444,000.

Provision for Loan Losses. The level of the allowance for loan losses is
based on such factors as the amount of non-performing assets, historical loss
experience, regulatory policies, general economic conditions, the estimated
fair value of the underlying collateral and other factors which may affect
the collectibility of loans. During the third quarter of 2000, the provision
for loan losses decreased by $99,000 to $39,000 compared to $138,000 in the
third quarter of 1999.

Noninterest Income. During the three-months ended September 30, 2000,
noninterest income increased by $63,000 to $349,000 compared to $286,000 in
1999. The increase in noninterest income for the quarter ended September 30,
2000 was primarily due to an increase in other income of $60,000 to $185,000,
as compared to $125,000 for the quarter ended September 30, 1999. The
increase in other income was primarily due to an increase in fees on deposit
accounts, because of the purchase of branch facilities in Clovis and Gallup,
New Mexico in November 1999 and the opening of a branch in Albuquerque, New
Mexico in June 2000.

Noninterest Expense. Noninterest expense increased to $1,414,000 from
$978,000 for the quarter ended September 30, 2000 compared to the same
quarter in 1999. The $436,000 increase in noninterest expense was primarily
due to an increase in salaries and employee benefits of $261,000. Other
contributing factors to the increase in noninterest expense were increases in
occupancy expense, amortization of goodwill, professional fees, and
advertising of approximately $66,000, $36,000, $30,000, and $29,000,
respectively. These increases in noninterest expense were primarily due to
the purchase of branch facilities in Clovis and Gallup, New Mexico in
November 1999 and the opening of a branch in Albuquerque, New Mexico in June
2000.

Provision for Income Taxes. The income tax expense for the quarter ended
September 30, 2000 was an expense of $45,000 compared to a benefit of $88,000
in the quarter ended September 30, 1999. The net income tax benefit in 1999
was a result of a reduction in the valuation allowance relative to the
deferred tax asset generated by net operating loss carryforwards during the
quarter.




                                       16

<PAGE>

NINE-MONTH COMPARATIVE ANALYSIS FOR PERIODS ENDED SEPTEMBER 30, 2000 AND 1999

Net income for the nine-months ended September 30, 2000 was $355,464 or $.29
per share compared to $1,115,014 or $.90 for the nine-months ended September
30, 1999.

Net Interest Income. Net interest income before provision for loan losses
increased by approximately $830,000 to $3,771,000 for the nine-month period
ended September 30, 2000 compared to $2,941,000 for the same period in 1999.
The increase in net interest income before provision for loan losses was
primarily caused by an increase in loan receivable interest income, which
generated an additional $1,144,000 for the nine-months ended September 30,
2000 as compared to the same period from the prior year. The increase in net
interest income was reduced by an increase of $403,000 in deposits interest
expense.

Provision for Loan Losses. During the first nine-months of 2000, the
provision for loan losses decreased to $116,000 compared to $313,000 in the
first nine-months of 1999.

Noninterest Income. During the nine-months ended September 30, 2000,
noninterest income decreased by $570,000 to $916,000 compared to $1,486,000
in 1999. The decrease in noninterest income was primarily due to a long-term
capital gain on the sale of securities of $739,475 during the first quarter
of 1999.

Noninterest Expense. Noninterest expense increased to $4,031,000 from
$3,147,000 for the nine-months ended September 30, 2000 compared to the same
period in 1999. The $884,000 increase in noninterest expense was primarily
due to increases in salaries and employee benefits of $488,000, occupancy
expense of $171,000, and amortization of goodwill of $109,000. These
increases in noninterest expense were primarily due to the purchase of branch
facilities in Clovis and Gallup, New Mexico in November 1999 and the opening
of a branch in Albuquerque, New Mexico in June 2000.

Provision for Income Taxes. The income tax expense for the first nine-months
of 2000 was an expense of $184,000 compared to a benefit of $147,000 in the
nine-months ended September 30, 1999. The net income tax benefit in 1999 was
a result of a reduction in the valuation allowance relative to the deferred
tax asset generated by net operating loss carryforwards during the
nine-months ended September 30, 1999.


FORWARD-LOOKING STATEMENTS

When used in this Form 10-QSB, certain words or phrases are intended to
identify "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to
certain risks and uncertainties - including, changes in economic conditions
in the Company's market area, changes in policies by regulatory agencies,
fluctuations in interest rates, demand for loans in the Company's market area
and competition, that could cause actual results to differ materially from
historical earnings and those presently anticipated or projected. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. The Company
wishes to advise readers that the factors listed above could affect the
Company's financial performance and could cause the Company's actual results
for

                                       17

<PAGE>

future periods to differ materially from any opinions or statements expressed
with respect to future periods in any current statements.

The Company does not undertake - and specifically disclaims any obligation -
to publicly release the results of any revisions which may be made to any
forward-looking statements to reflect events or circumstances after the date
of such statements or to reflect the occurrence of anticipated or
unanticipated events.
















                                       18

<PAGE>

                           PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

         None


ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K


         (a)    Exhibits

         27     Financial Data Schedule


         (b)    Reports on Form 8-K.

                None











                                       19

<PAGE>

                                  SIGNATURES



         Pursuant to the requirements of Section 13 or 15(d) 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.



                                    ACCESS ANYTIME BANCORP, INC.



         Date:  October 25, 2000    /s/ Norman R. Corzine
                                    ------------------------------------------
                                    Norman R. Corzine, Chairman of the Board,
                                    Chief Executive Officer
                                    (DULY AUTHORIZED REPRESENTATIVE)


         Date:  October 25, 2000    /s/ Ken Huey, Jr.
                                    -----------------------------------------
                                    Ken Huey, Jr., President, Chief Financial
                                    Officer and Director
                                    (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)
                                    (DULY AUTHORIZED REPRESENTATIVE)
















                                       20