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, 2000
                               ------------------

                                       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 34-0-25158
                                               ----------

                            BANCORP CONNECTICUT, INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


           Delaware                                      06-1394443
-------------------------------             ------------------------------------
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
 Incorporation or Organization)


121 Main Street, Southington, Connecticut                  06489
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                 (Zip Code)


Registrant's Telephone Number, Including Area Code     (860) 628-0351
                                                  ------------------------------


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  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
                                             ---     ---

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


Common stock, $1.00 par value - 5,180,456 shares as of November 9, 2000
--------------------------------------------------------------------------------


                                       1
<PAGE>



                            BANCORP CONNECTICUT, INC.

                                    FORM 10-Q

                                      INDEX

PART I.
                                                                            Page

  Item 1.  Financial Statements

           Consolidated Condensed Statements of Condition as of
             September 30, 2000 (unaudited) and December 31, 1999...........   3

           Consolidated Condensed Statements of Income for the
             Three Months Ended September 30, 2000 and 1999 (unaudited).....   4

           Consolidated Condensed Statements of Income for the
             Nine Months Ended September 30, 2000 and 1999 (unaudited)......   5

           Consolidated Condensed Statements of Changes in
             Shareholders' Equity for the Nine Months Ended
             September 30, 2000 and 1999 (unaudited)........................   6

           Consolidated Condensed Statements of Cash Flows for the
             Nine Months Ended September 30, 2000 and 1999 (unaudited)......   7

           Notes to Consolidated Condensed Financial Statements
             (unaudited)....................................................   8

  Item 2.  Management's Discussion and Analysis of Financial
             Condition and Results of Operations............................  14

  Item 3.  Quantitative and Qualitative Disclosures About Market Risk.......  25

PART II.

  Item 1.  Legal Proceedings................................................  26

  Item 2.  Changes in Securities and Use of Proceeds........................  26

  Item 3.  Defaults Upon Senior Securities..................................  26

  Item 4.  Submission of Matters to a Vote of Security Holders..............  26

  Item 5.  Other Information................................................  26

  Item 6.  Exhibits and Reports on Form 8-K.................................  26

Signatures..................................................................  28


                                       2
<PAGE>


CONSOLIDATED CONDENSED STATEMENTS OF CONDITION
BANCORP CONNECTICUT, INC.

                                                     September 30,  December 31,
(dollars in thousands, except per share data)            2000           1999
--------------------------------------------------------------------------------
                                                      (unaudited)     (Note 1)
ASSETS
Cash and due from banks                                $  11,688      $  13,548
Interest bearing deposits with banks                          21            346
Federal funds sold                                         4,440          6,725
                                                       ---------      ---------
      Cash and cash equivalents                           16,149         20,619
                                                       ---------      ---------
Securities available-for-sale (at market value)          236,344        214,595
Trading account securities                                    --            348
Federal Home Loan Bank stock                               6,217          4,392
Loans                                                    323,135        316,093
Less:
  Deferred loan fees                                        (691)          (702)
  Allowance for loan losses                               (6,056)        (5,681)
                                                       ---------      ---------
      Net loans                                          316,388        309,710
                                                       ---------      ---------
Deferred income taxes                                      8,076          8,535
Accrued income receivable                                  4,138          3,482
Premises and equipment, net                                3,960          3,971
Foreclosed real estate, net                                  166            195
Other assets                                               2,409          2,951
                                                       ---------      ---------
      Total assets                                     $ 593,847      $ 568,798
                                                       =========      =========

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES:
  Deposits                                             $ 374,240      $ 348,441
  Funds borrowed                                         166,939        171,129
  Other liabilities                                        6,846          7,696
                                                       ---------      ---------
      Total liabilities                                  548,025        527,266
                                                       ---------      ---------

COMMITMENTS AND CONTINGENCIES                                 --             --

SHAREHOLDERS' EQUITY:
  Preferred stock, no par value:
    authorized 1,000,000 shares;
    none issued and outstanding                               --             --
  Common stock, $1.00 par value:
    authorized 7,000,000 shares;
    issued 5,896,292 shares in 2000 and
    5,830,811 shares in 1999                               5,896          5,831
Additional paid-in capital                                18,872         18,507
Retained earnings                                         40,290         36,293
Accumulated other comprehensive loss                     (10,429)       (11,611)
Treasury stock, at cost: 715,836 shares
  in 2000 and 625,836 shares in 1999                      (8,807)        (7,488)
                                                       ---------      ---------
    Total shareholders' equity                            45,822         41,532
                                                       ---------      ---------
    Total liabilities and shareholders' equity         $ 593,847      $ 568,798
                                                       =========      =========


The accompanying notes are an integral part of these consolidated condensed
financial statements.



                                       3
<PAGE>


CONSOLIDATED CONDENSED STATEMENTS OF INCOME
BANCORP CONNECTICUT, INC.

                                                          Three Months Ended
                                                             September 30,
                                                      --------------------------
(dollars in thousands, except per share data)             2000          1999
--------------------------------------------------------------------------------
                                                              (unaudited)
INTEREST INCOME:
  Interest on loans, including fees                   $     6,778   $     6,229
                                                      -----------   -----------
  Interest and dividends on investment securities:
    Interest income                                         3,833         2,952
    Dividend income                                           526           562
    Interest on trading account                                --             1
                                                      -----------   -----------
                                                            4,359         3,515
                                                      -----------   -----------
  Interest on federal funds sold                              182            99
  Other interest and dividends                                119            50
                                                      -----------   -----------
      Total interest income                                11,438         9,893
                                                      -----------   -----------
INTEREST EXPENSE:
  Savings deposits                                            608           663
  Time deposits                                             2,699         1,901
  NOW accounts                                                373           342
                                                      -----------   -----------
                                                            3,680         2,906
  Interest on borrowed money                                2,539         1,959
                                                      -----------   -----------
      Total interest expense                                6,219         4,865
                                                      -----------   -----------
      Net interest income                                   5,219         5,028
Provision for loan losses                                     118           157
                                                      -----------   -----------
      Net interest income after provision
        for loan losses                                     5,101         4,871
                                                      -----------   -----------
NONINTEREST INCOME:
  Net securities gains (losses)                               324          (262)
  Net trading account gains (losses)                           42           (26)
  Service charges on deposit accounts                         212           199
  Brokerage servicing fees                                    174           137
  Call options premiums                                       116           132
  Gains on sales of loans, originated for sale                107           151
  Trust fees                                                   --           130
  Gain on sale of trust operations                             --           356
  Other                                                       155           134
                                                      -----------   -----------
    Total noninterest income                                1,130           951
                                                      -----------   -----------
NONINTEREST EXPENSE:
  Salaries and employee benefits                            1,732         1,777
  Furniture and equipment                                     276           257
  Net occupancy                                               120           148
  Data processing                                             146           140
  Advertising                                                 107           132
  Other                                                       503           697
                                                      -----------   -----------
    Total noninterest expense                               2,884         3,151
                                                      -----------   -----------
      Income before income taxes                            3,347         2,671
Provision for income taxes                                    998           700
                                                      -----------   -----------
      NET INCOME                                      $     2,349   $     1,971
                                                      ===========   ===========

AVERAGE COMMON SHARES OUTSTANDING:
  Basic                                                 5,179,493     5,196,752
  Diluted                                               5,403,853     5,537,575
NET INCOME PER COMMON SHARE:
  Basic                                               $      0.45   $      0.38
  Diluted                                             $      0.43   $      0.36

CASH DIVIDEND PER SHARE                               $      0.17   $      0.15


The accompanying notes are an integral part of these consolidated condensed
financial statements.



                                       4
<PAGE>



CONSOLIDATED CONDENSED STATEMENTS OF INCOME
BANCORP CONNECTICUT, INC.

                                                          Nine Months Ended
                                                             September 30,
                                                      --------------------------
(dollars in thousands, except per share data)             2000          1999
--------------------------------------------------------------------------------
                                                              (unaudited)
INTEREST INCOME:
  Interest on loans, including fees                   $    19,756   $    17,987
                                                      -----------   -----------
  Interest and dividends on investment securities:
    Interest income                                        10,942         8,416
    Dividend income                                         1,503         1,632
    Interest on trading account                                 6             3
                                                      -----------   -----------
                                                           12,451        10,051
                                                      -----------   -----------
  Interest on federal funds sold                              315           207
  Other interest and dividends                                319           142
                                                      -----------   -----------
      Total interest income                                32,841        28,387
                                                      -----------   -----------
INTEREST EXPENSE:
  Savings deposits                                          1,791         1,958
  Time deposits                                             6,797         5,769
  NOW accounts                                              1,066           941
                                                      -----------   -----------
                                                            9,654         8,668
  Interest on borrowed money                                7,618         5,439
                                                      -----------   -----------
      Total interest expense                               17,272        14,107
                                                      -----------   -----------
      Net interest income                                  15,569        14,280
Provision for loan losses                                     354           222
                                                      -----------   -----------
      Net interest income after provision
        for loan losses                                    15,215        14,058
                                                      -----------   -----------
NONINTEREST INCOME:
  Net securities gains                                        601           492
  Net trading account losses                                   (2)          (35)
  Service charges on deposit accounts                         604           549
  Call options premiums                                       438           300
  Brokerage servicing fees                                    416           256
  Gains on sales of loans, originated for sale                403           264
  Trust fees                                                   --           431
  Gain on sale of trust operations                             --           356
  Other                                                       428           341
                                                      -----------   -----------
    Total noninterest income                                2,888         2,954
                                                      -----------   -----------
NONINTEREST EXPENSE:
  Salaries and employee benefits                            5,074         5,058
  Furniture and equipment                                     805           740
  Net occupancy                                               423           446
  Data processing                                             426           425
  Advertising                                                 337           305
  Other                                                     1,668         2,008
                                                      -----------   -----------
    Total noninterest expense                               8,733         8,982
                                                      -----------   -----------
      Income before income taxes                            9,370         8,030
Provision for income taxes                                  2,794         2,267
                                                      -----------   -----------
      NET INCOME                                      $     6,576   $     5,763
                                                      ===========   ===========

AVERAGE COMMON SHARES OUTSTANDING:
  Basic                                                 5,205,323     5,188,442
  Diluted                                               5,440,529     5,537,771
NET INCOME PER COMMON SHARE:
  Basic                                               $      1.26   $      1.11
  Diluted                                             $      1.21   $      1.04

CASH DIVIDEND PER SHARE                               $     0.495   $     0.440


The accompanying notes are an integral part of these consolidated condensed
financial statements.



                                       5
<PAGE>


CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
BANCORP CONNECTICUT, INC.
(unaudited)

<TABLE>
<CAPTION>
                                                                                       Accumulated
                                                                                          Other
                                                                                      Comprehensive
                                                               Additional                 Income                    Total
                                                    Common      Paid-In     Retained    Unrealized    Treasury   Shareholders'
(dollars in thousands, except per share data)        Stock      Capital     Earnings   Gains(Losses)   Stock        Equity
---------------------------------------------      --------    ----------   --------  --------------  --------   -------------
<S>                                                <C>          <C>         <C>          <C>          <C>          <C>
Balance, December 31, 1998                         $  5,653     $ 17,421    $ 31,761     $    825     $ (5,744)    $ 49,916
                                                                                                                   --------
  Net income                                             --           --       5,763           --           --        5,763
  Decrease in net unrealized gain on securities
    available-for-sale                                   --           --          --       (9,006)          --       (9,006)
                                                                                                                   --------
      Total comprehensive loss                                                                                       (3,243)
                                                                                                                   --------
  Stock options exercised (157,782 shares)              158          809          --           --           --          967
  Cash dividends declared ($0.44 per share)              --           --      (2,280)          --           --       (2,280)
  Treasury stock purchased (75,338 shares)               --           --          --           --       (1,266)      (1,266)
  Tax benefits related to common stock options
    exercised                                            --          115          --           --           --          115
                                                   --------     --------    --------     --------     --------     --------

BALANCE, SEPTEMBER 30, 1999                        $  5,811     $ 18,345    $ 35,244     $ (8,181)    $ (7,010)    $ 44,209
                                                   ========     ========    ========     ========     ========     ========


BALANCE, DECEMBER 31, 1999                         $  5,831     $ 18,507    $ 36,293     $(11,611)    $ (7,488)    $ 41,532
                                                                                                                   --------
  Net income                                             --           --       6,576           --           --        6,576
  Decrease in net unrealized loss on securities
    available-for-sale                                   --           --          --        1,182           --        1,182
                                                                                                                   --------
      Total comprehensive income                                                                                      7,758
                                                                                                                   --------
  Stock options exercised (65,481 shares)                65          269          --           --           --          334
  Cash dividends declared ($0.495 per share)             --           --      (2,579)          --           --       (2,579)
  Treasury stock purchased (90,000 shares)               --           --          --           --       (1,319)      (1,319)
  Tax benefits related to common stock options
    exercised                                            --           96          --           --           --           96
                                                   --------     --------    --------     --------     --------     --------

BALANCE, SEPTEMBER 30, 2000                        $  5,896     $ 18,872    $ 40,290     $(10,429)    $ (8,807)    $ 45,822
                                                   ========     ========    ========     ========     ========     ========
</TABLE>






The accompanying notes are an integral part of these consolidated condensed
financial statements.



                                       6
<PAGE>



CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
BANCORP CONNECTICUT, INC.

<TABLE>
<CAPTION>
                                                                               Nine Months Ended
                                                                                 September 30,
                                                                           -----------------------
(in thousands)                                                                2000          1999
--------------------------------------------------------------------------------------------------
                                                                                 (unaudited)
<S>                                                                        <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                                               $   6,576     $   5,763
                                                                           ---------     ---------
  Adjustments to reconcile net income to net
    cash provided by operating activities:
      Amortization of bond premiums (accretion of discounts), net             (2,601)       (1,750)
      Deferred income tax provision (benefit)                                   (149)         (168)
      Provision for loan losses                                                  354           222
      Provision (credit) for foreclosed real estate losses                       (50)           43
      Gain on sale of foreclosed real estate                                     (90)          (11)
      Gains on sales of loans, originated for sale                              (403)         (264)
      Proceeds from sales of loans, originated for sale                       21,462        16,489
      Loans originated for sale                                              (21,535)      (16,995)
      Amortization of deferred loan points                                       (80)         (185)
      Net securities gains                                                      (601)         (492)
      Gain on sale of trust operations                                            --          (356)
      Net trading account losses                                                   2            35
      Depreciation and amortization                                              608           624
      Decrease (increase) in trading account                                     346           (81)
      Increase in accrued income receivable                                     (656)         (217)
      Decrease (increase) in other assets                                        497        (1,409)
      (Decrease) increase in other liabilities                                  (754)        3,006
                                                                           ---------     ---------
        Total adjustments                                                     (3,650)       (1,509)
                                                                           ---------     ---------
        Net cash provided by operating activities                              2,926         4,254
                                                                           ---------     ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of securities available-for-sale                                 (76,118)     (110,273)
  Proceeds from sales of securities available-for-sale                        52,090        71,937
  Proceeds from maturities of securities                                       1,000        19,024
  Paydowns on mortgage-backed securities                                       6,271        12,749
  Purchases of Federal Home Loan Bank stock                                   (1,825)         (810)
  Net increase in loans                                                       (6,837)      (30,099)
  Purchases of premises and equipment, net                                      (592)         (186)
  Proceeds from sale of trust operations                                         106           106
  Proceeds from sales of foreclosed real estate, net                             464           121
                                                                           ---------     ---------
        Net cash used for investing activities                               (25,441)      (37,431)
                                                                           ---------     ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Net increase (decrease) in time deposits                                    30,033        (4,249)
  Net (decrease) increase in other deposits                                   (4,234)        1,927
  Net (decrease) increase in Federal funds purchased and
    repurchase agreements                                                    (44,190)       14,129
  Proceeds from other borrowings                                             320,000        53,000
  Repayment of  other borrowings                                            (280,000)      (20,800)
  Proceeds from exercise of stock options                                        334           967
  Repurchase common stock                                                     (1,319)       (1,266)
  Cash dividends paid                                                         (2,579)       (2,280)
                                                                           ---------     ---------
        Net cash provided by financing activities                             18,045        41,428
                                                                           ---------     ---------

        Net (decrease) increase in cash and cash equivalents                  (4,470)        8,251
Cash and cash equivalents at beginning of period                              20,619        11,178
                                                                           ---------     ---------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                 $  16,149     $  19,429
                                                                           =========     =========

NONCASH INVESTING AND FINANCING ACTIVITIES:
  Decrease in net unrealized loss/gain on securities available-for-sale    $   1,182     $  (9,006)
  Transfer of loans to foreclosed real estate                                    295           137
</TABLE>


The accompanying notes are an integral part of these consolidated condensed
financial statements.



                                       7
<PAGE>


NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (unaudited)
BANCORP CONNECTICUT, INC.


Note 1 - Basis of Presentation
------------------------------

The consolidated  condensed financial  statements of Bancorp  Connecticut,  Inc.
(the  "Corporation")  include  the  accounts  of its  wholly  owned  subsidiary,
Southington  Savings Bank (the  "Bank").  The Bank  operates four branches and a
mortgage   lending  center  in  Southington,   Connecticut  and  one  branch  in
Wallingford,  Connecticut. It has three subsidiaries,  BCI Financial Corporation
("BCIF"),  SSB Mortgage  Corporation  ("SSBM") and SSB Insurance Services,  Inc.
("SSBI").  BCIF is an indirect auto finance  subsidiary  located in Southington,
Connecticut.  SSBM, which commenced operations during the first quarter of 1999,
is a  passive  investment  company  formed  to  take  advantage  of  changes  in
Connecticut  state tax statutes.  SSBI,  which commenced  operations  during the
second quarter of 2000, is a subsidiary which earns  commissions on consumer and
business insurance coverage referrals through a joint marketing agreement with a
local insurance agency.  The Bank's primary source of revenue is providing loans
to customers who are either small and middle market  businesses or  individuals.
All significant  intercompany  balances and transactions have been eliminated in
consolidation.

The consolidated  condensed statement of condition as of September 30, 2000, the
consolidated condensed statements of income for the three and nine month periods
ended September 30, 2000 and 1999, and the consolidated  condensed statements of
changes in shareholders'  equity and consolidated  condensed  statements of cash
flows for the nine month  periods  ended  September  30, 2000 and 1999 have been
prepared by the  Corporation  without audit.  Certain  amounts for prior periods
have been reclassified to conform to the current period presentation.

In the opinion of  management,  the financial  statements  have been prepared in
conformity with generally accepted  accounting  principles for interim financial
statements and include all adjustments necessary to present fairly the financial
position  of the  Corporation  as of  September  30,  2000  and the  results  of
operations  for the three and nine month  periods  ended  September 30, 2000 and
1999, and the changes in shareholders'  equity and cash flows for the nine month
periods ended  September 30, 2000 and 1999.  Results of operations for the three
and nine month periods ended September 30, 2000 are not  necessarily  indicative
of results for any other period.

The statement of condition as of December 31, 1999,  which has been included for
comparative  purposes,  has been condensed  from the audited  statements for the
year then ended.  Certain information and footnote disclosures normally included
in  financial   statements  presented  in  accordance  with  generally  accepted
accounting  principles  have  been  condensed  or  omitted.  These  consolidated
condensed financial  statements should be read in conjunction with the financial
statements and notes thereto included in the Corporation's annual report on Form
10-K for the year ended December 31, 1999.



                                       8
<PAGE>


Note 2 - Securities
-------------------

The amortized  cost,  gross  unrealized  gains and losses and  estimated  market
values of  securities  available-for-sale  as of September 30, 2000 and December
31, 1999 were as follows:

                                                September 30, 2000
                                 -----------------------------------------------
                                               Gross        Gross      Estimated
                                 Amortized   Unrealized   Unrealized     Market
                                    Cost       Gains        Losses       Value
                                 ---------   ----------   ----------   ---------
                                                  (in thousands)

United States Government and
  agency obligations             $  69,221   $      29    $ (10,766)   $  58,484
Municipal bonds                      5,707          29          (29)       5,707
Corporate bonds                        992          --          (30)         962
Mortgage-backed securities         104,530         176       (2,292)     102,414
Capital trust preferreds            34,173          31       (3,973)      30,231
Money market preferreds             15,700          --           --       15,700
Marketable equity securities        21,037       2,092       (1,348)      21,781
Mutual funds                           785         280           --        1,065
                                 ---------   ---------    ---------    ---------
                                 $ 252,145   $   2,637    $ (18,438)   $ 236,344
                                 =========   =========    =========    =========




                                                 December 31, 1999
                                 -----------------------------------------------
                                               Gross        Gross      Estimated
                                 Amortized   Unrealized   Unrealized     Market
                                    Cost       Gains        Losses       Value
                                 ---------   ----------   ----------   ---------
                                                  (in thousands)

United States Government and
  agency obligations             $  60,867   $      --    $ (10,939)   $  49,928
Municipal bonds                      5,356           8         (132)       5,232
Corporate bonds                        944          --          (21)         923
Mortgage-backed securities          87,378           1       (3,811)      83,568
Capital trust preferreds            29,131          50       (2,582)      26,599
Money market preferreds             27,500          --           --       27,500
Marketable equity securities        20,170       1,461       (1,939)      19,692
Mutual funds                           840         326          (13)       1,153
                                 ---------   ---------    ---------    ---------
                                 $ 232,186   $   1,846    $ (19,437)   $ 214,595
                                 =========   =========    =========    =========





                                       9
<PAGE>


Note 3 - Loans
--------------

The composition of the loan portfolio was:

                                             September 30,   December 31,
                                                 2000            1999
                                             -------------   ------------
                                                    (in thousands)

Commercial                                     $  65,578      $  56,828
Commercial real estate                            51,358         47,961
Residential real estate                          123,561        131,942
Real estate construction                           2,380          3,250
Consumer                                          80,258         76,112
                                               ---------      ---------
                                                 323,135        316,093
Less:
  Deferred loan fees                                (691)          (702)
  Allowance for loan losses                       (6,056)        (5,681)
                                               ---------      ---------
    Total loans                                $ 316,388      $ 309,710
                                               =========      =========


Note 4 - Allowance for Loan and Foreclosed Real Estate Losses
-------------------------------------------------------------

Changes in the allowances were:

                                                   Nine Months Ended
                                                     September 30,
                                             ----------------------------
                                                 2000            1999
                                             -------------   ------------
                                                    (in thousands)

Allowance for loan losses:
  Balance, beginning of year                   $   5,681      $   5,549
  Provision for loan losses                          354            222
  Loans charged-off                                 (240)          (240)
  Recoveries                                         261             79
                                               ---------      ---------
  Balance, end of period                       $   6,056      $   5,610
                                               =========      =========

Allowance for foreclosed real estate losses:

  Balance, beginning of year                   $      50      $      50
  Provision (credit) for losses                      (50)            43
  Write-downs, net                                    --            (43)
                                               ---------      ---------
  Balance, end of period                       $      --      $      50
                                               =========      =========





                                       10
<PAGE>


Note 5 - Nonperforming Assets
-----------------------------

The balances of nonperforming assets were:

                                                     September 30,  December 31,
                                                         2000           1999
                                                     -------------  -----------
                                                       (dollars in thousands)
Nonaccrual loans:
  Commercial                                           $    283       $    420
  Commercial real estate                                     20             --
  Residential real estate                                   411            857
  Consumer                                                   27            127
                                                       --------       --------
    Total nonaccrual loans                                  741          1,404
Accruing loans past due 90 days or more                      --             --
                                                       --------       --------
    Total nonperforming loans                               741          1,404
Foreclosed real estate, net                                 166            195
Repossessed property                                          1             --
                                                       --------       --------
    Total nonperforming assets                         $    908       $  1,599
                                                       ========       ========

Nonperforming loans as a percentage of total loans         0.23%          0.44%
                                                       ========       ========

Nonperforming assets as a percentage of total assets       0.15%          0.28%
                                                       ========       ========


Note 6 - Deposits
-----------------

Deposits consisted of the following:

                                                     September 30,  December 31,
                                                         2000           1999
                                                     -------------  -----------
                                                            (in thousands)

Noninterest-bearing demand deposits                    $ 39,116       $ 40,905
NOW accounts                                             50,026         49,380
Regular savings                                          68,836         69,534
Money market savings                                     29,432         31,825
Certificates of deposit - under $100,000                137,969        135,535
Certificates of deposit - $100,000 and over              48,048         20,995
Club accounts                                               813            267
                                                       --------       --------
  Total deposits                                       $374,240       $348,441
                                                       ========       ========




                                       11
<PAGE>


Note 7 - Funds Borrowed
-----------------------

Funds borrowed consisted of the following:

                                                    September 30,   December 31,
                                                        2000            1999
                                                    -------------   ------------
                                                           (in thousands)

Federal funds purchased                              $  2,500         $  2,100
Securities sold under repurchase agreements            40,109           84,699
Federal Home Loan Bank advances                       124,330           72,830
Federal Reserve Bank advances                              --           11,500
                                                     --------         --------
  Total funds borrowed                               $166,939         $171,129
                                                     ========         ========


Note 8 - Per Common Share Data
------------------------------

Basic  earnings per share is computed  using the weighted  average common shares
outstanding  during the periods  presented.  The computation of diluted earnings
per share is similar to the  computation  of basic earnings per share except the
denominator is increased to include the number of additional  common shares that
would have been outstanding if dilutive potential common shares had been issued.
The shares used in the  computations  for the three and nine month periods ended
September 30, 2000 and 1999 were as follows:

                                    Three Months Ended       Nine Months Ended
                                       September 30,           September 30,
                                   ---------------------   ---------------------
                                      2000        1999        2000        1999
                                   ---------   ---------   ---------   ---------

Basic                              5,179,493   5,196,752   5,205,323   5,188,442
Effect of dilutive stock options     224,360     340,823     235,206     349,329
                                   ---------   ---------   ---------   ---------
Diluted                            5,403,853   5,537,575   5,440,529   5,537,771
                                   =========   =========   =========   =========


Note 9 - Shareholders' Equity
-----------------------------

The following table presents the components and related tax effects allocated to
other comprehensive income for the nine month period ended September 30, 2000.

                                                Before        Tax        Net
                                                 Tax       (Benefit)    of Tax
                                                Amount      Expense     Amount
                                               --------    --------    --------
                                                        (in thousands)

Net unrealized gains on securities
  arising during the period                    $  2,391     $    812    $  1,579
Less: reclassification adjustment for
  gains realized in net income                      601          204         397
                                               --------     --------    --------
Net unrealized gains on securities             $  1,790     $    608    $  1,182
                                               ========     ========    ========


                                       12
<PAGE>


Note 9 - Shareholders' Equity - continued
-----------------------------------------

The following table presents the components and related tax effects allocated to
other comprehensive income for the nine month period ended September 30, 1999.

                                                Before        Tax        Net
                                                 Tax       (Benefit)    of Tax
                                                Amount      Expense     Amount
                                               --------    --------    --------
                                                        (in thousands)

Net unrealized losses on securities
  arising during the period                    $(13,155)    $(4,473)    $(8,682)
Less: reclassification adjustment for
  gains realized in net income                      492         168         324
                                               --------     -------     -------
Net unrealized losses on securities            $(13,647)    $(4,641)    $(9,006)
                                               ========     =======     =======


On April 21, 1999, the Corporation announced that it planned to repurchase up to
5% (260,000) of its  outstanding  common shares over the next twelve months.  On
April 20, 2000,  this share  buyback  program was  terminated.  Pursuant to that
program,  the Corporation  purchased 136,338 shares of its outstanding shares of
common stock, or 2.6% of its  outstanding  shares as of April 21, 1999 and April
20, 2000.

On April 19, 2000, the  Corporation's  Board of Director's  voted to authorize a
new share  buyback  program of up to 5% (262,000) of its  outstanding  shares of
common  stock  over the next year.  Purchases  are made from time to time in the
open market and  through  private  transactions.  The timing and amount of these
transactions,  funded through available corporate funds, will depend upon market
conditions and corporate  requirements.  Shares repurchased are held in treasury
for general  corporate  purposes  including  reissue to satisfy the  exercise of
outstanding stock options. Through November 9, 2000, the Corporation repurchased
60,000 shares at an average price of $14.63.


Note 10 - Recent Accounting Pronouncements
------------------------------------------

In September  2000, The Financial  Accounting  Standards  Board ("FASB")  issued
Statement of Financial  Accounting  Standards No. 140 ("SFAS 140"),  "Accounting
for  Transfers  and  Servicing  of  Financial  Assets  and   Extinguishments  of
Liabilities."  This Statement  replaces FASB Statement No. 125,  "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities."
It revises the standards for accounting for  securitizations and other transfers
of financial  assets and collateral  and requires  certain  disclosures,  but it
carries over most of Statement  No. 125's  provisions  without  reconsideration.
This Statement will be effective for transfers and servicing of financial assets
and  extinguishments of liabilities  occurring after March 31, 2001.  Management
anticipates   that  SFAS  140  will  not  have  a  significant   effect  on  the
Corporation's  results of  operations  or its  financial  position  based on its
current operations.



                                       13
<PAGE>



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


                 COMPARISON OF THE THREE AND NINE MONTH PERIODS
                 ----------------------------------------------
                        ENDED SEPTEMBER 30, 2000 AND 1999
                        ---------------------------------


The  following  discussion  and  analysis  presents  a review  of the  financial
condition  and  results  of  operations  of  Bancorp   Connecticut,   Inc.  (the
"Corporation").  Since  Southington  Savings  Bank  (the  "Bank")  is  the  sole
subsidiary  of  the  Corporation,   the  Corporation's  earnings  and  financial
condition are predicated  almost  entirely on the  performance of the Bank. This
review should be read in conjunction with the consolidated  condensed  financial
statements and other financial data presented elsewhere herein.

CHANGES IN FINANCIAL CONDITION

INVESTMENTS - Securities  available-for-sale  increased  $21,749,000 or 10.1% to
$236,344,000 as of September 30, 2000 from $214,595,000 as of December 31, 1999.
Purchases of securities  net of proceeds from  maturities  and sales  (excluding
realized  gains)  and  paydowns  on  mortgage-backed   securities   amounted  to
$16,757,000 during the nine months of 2000. Accretion of bond discounts,  net of
amortization  of bond  premiums,  were  $2,601,000  for  the  same  period.  Net
unrealized   losses  (excluding  the  effective  income  tax  benefits)  in  the
securities portfolio totaled $15,801,000 as of September 30, 2000, a decrease of
$1,790,000,  compared to  unrealized  losses of  $17,591,000  as of December 31,
1999. The decrease in net unrealized  losses of $1,790,000 was mainly due to the
improved  performance  of  the  Corporation's  portfolio  of  marketable  equity
securities.

As of September 30, 2000,  $15,700,000 of the securities portfolio was comprised
of money market preferred  stocks.  These securities are highly liquid,  reprice
every 49 days and are subject to the tax  advantages  of the  Federal  dividends
received deduction in 2000 and 1999.

Deferred income taxes decreased  $459,000 to $8,076,000 as of September 30, 2000
from  $8,535,000  as of December  31, 1999 mainly as a result of the  $1,790,000
decrease in unrealized losses in the securities portfolio noted above.

LOANS - Loans  increased  $7,042,000 or 2.2% to $323,135,000 as of September 30,
2000 from  $316,093,000  as of December  31,  1999  primarily  due to  increased
commercial  loan  volume.  Commercial  loans and  commercial  real estate  loans
increased $12,147,000 or 11.6% and represented 36.2% of the loan portfolio as of
September 30, 2000.  The  guaranteed  portion of Small  Business  Administration
loans  purchased  accounted for  $4,975,000 of this  commercial  loan  increase.
Residential  real estate  loans  decreased by  $8,381,000  or 6.4% as the Bank's
focus with respect to residential  real estate loans shifted to loans originated
for sale, on a servicing  released  basis,  or referral to third  parties.  Real
estate  construction  loans  decreased  by  $870,000  or 26.8%.  Consumer  loans
increased  $4,146,000  or 5.4%  mainly  due to  loans  closed  by BCI  Financial
Corporation ("BCIF"), the Bank's auto loan financing subsidiary.

DEPOSITS - Total deposits  increased  $25,799,000 or 7.4% to  $374,240,000 as of
September 30, 2000 from  $348,441,000 as of December 31, 1999 primarily due to a
net inflow of $27,053,000 in  certificates  of deposit of $100,000 and over with
maturities primarily under one year.

BORROWINGS - Funds borrowed  decreased from $171,129,000 as of December 31, 1999
to $166,939,000 as of September 30, 2000 as a result of the following.  Advances
from the Federal Home Loan Bank of Boston (the "FHLB")  increased by $51,500,000
or 70.7% to  $124,330,000 as of September 30, 2000 compared to $72,830,000 as of
year end 1999.  Federal funds purchased  increased  $400,000 to $2,500,000 as of
September  30, 2000.  Federal  Reserve Bank  advances  decreased by  $11,500,000
during the same period resulting in no outstanding  advances as of September 30,
2000.  Securities sold under agreements to repurchase  decreased  $44,590,000 or
52.6% to  $40,109,000  as of September 30, 2000 from  $84,699,000 as of December
31, 1999.  The resultant net decrease in borrowings of $4,190,000  was primarily



                                       14
<PAGE>


funded by the increase in  certificates  of deposit.  As of September  30, 2000,
broker/dealer  repurchase  agreements and retail repurchase  agreements  totaled
$24,500,000 and $15,609,000, respectively.

CHANGES IN RESULTS OF OPERATIONS

EARNINGS - Net income for the quarter ended  September  30, 2000 was  $2,349,000
compared to $1,971,000 for the third quarter of 1999, an increase of $378,000 or
19.2%.  On a diluted per common share  basis,  the  Corporation  earned $.43 per
share in 2000  compared to $.36 per share in 1999.  An increase in net  interest
income  mainly  due  to  an  expansion  in  earning  assets,  strong  growth  in
noninterest  income  coupled  with a decrease  in  noninterest  expense  and the
provision  for  loan  losses  were  principally  responsible  for  the  improved
operating  results.  During the third  quarter of 1999,  a gain in the amount of
$356,000 was realized from the sale of the Bank's trust operations. This gain in
the  third  quarter  of 1999  was  approximately  offset  by  securities  losses
resulting from a  restructuring  of a segment of the investment  portfolio.  The
annualized return on average assets for the quarter ended September 30, 2000 was
1.58%  compared  to 1.44% for the same  quarter  last year  while the  return on
average equity rose to 21.70% from 17.49% the previous year. The increase in the
return on average  equity was due to the increase in net income  compared to the
prior  year  quarter as well as the  increase  in net  unrealized  losses in the
securities  portfolio  and the common stock  purchases  under the  Corporation's
share repurchase program which reduced average equity.

Net income for the nine months ended September 30, 2000 was $6,576,000  compared
to $5,763,000 for the same period in 1999, an increase of $813,000 or 14.1%.  An
increase  in  net  interest  income  and an  actual  year  to  year  decline  in
noninterest  expense,  partially  offset by a higher  provision for loan losses,
were the principal reasons for the increased earnings.  The annualized return on
average  assets was 1.51% for the nine months ended  September 30, 2000 compared
to 1.43% for the same period in 1999 while the return on average  equity rose to
20.62% from 15.90% for the prior year period.

NET INTEREST  INCOME - Net interest  income,  the  difference  between  interest
earned on interest  earning  assets and  interest  expense  incurred on interest
bearing   liabilities,   is  a  significant   component  of  the   Corporation's
consolidated  condensed statements of income. Net interest income is affected by
changes in the  volumes of and rates on  interest  earning  assets and  interest
bearing  liabilities,   the  volume  of  interest  earning  assets  funded  with
noninterest  bearing  deposits  and  shareholders'  equity,  and  the  level  of
nonperforming assets.

Average interest earning assets increased by $51,502,000 or 9.6% to $589,158,000
for the three months ended  September  30, 2000 from  $537,656,000  for the same
quarter in 1999.

For the three months ended  September  30, 2000 net  interest  income,  on a tax
equivalent basis, increased $192,000 or 3.7% compared to the same period in 1999
primarily  as a  result  of  increases  in the  average  volume  of the loan and
invested  funds  portfolios  of  $13,344,000  and   $38,158,000,   respectively,
partially  offset by a net unfavorable  rate variance between earning assets and
interest bearing  liabilities.  In addition,  average noninterest bearing demand
deposits  increased  by  $5,174,000  or 14.3%  during the third  quarter of 2000
compared to the same  period in 1999 which  helped  reduce the  average  cost of
funds and thus had a positive effect on net interest income.

The ratio of net interest income, on a tax equivalent basis, to average interest
earning  assets was 3.69% for the quarter  ended  September 30, 2000 compared to
3.90% for the same period in 1999. The interest rate spread, on a tax equivalent
basis,  was 2.97% in 2000 compared to 3.31% in 1999. A  proportionately  greater
rise in  interest  rates on sources  of funds  compared  with  yields on earning
assets  caused  the  decrease  in the  interest  rate  spread and margin in 2000
compared  to 1999.  If  short-term  interest  rates were to rise  further,  some
additional  compression  in the net  interest  spread and margin is  expected to
occur.  Average yields were computed on a tax  equivalent  basis using a Federal
income tax rate of 34% for 2000 and 1999 and a state income tax rate of 0.0% for
both periods, due to the formation of a passive investment company in 1999.

Average interest earning assets increased by $51,265,000 or 9.8% to $574,474,000
for the nine months  ended  September  30, 2000 from  $523,209,000  for the same
period in 1999.



                                       15
<PAGE>


For the nine months  ended  September  30, 2000 net  interest  income,  on a tax
equivalent  basis,  increased  $1,289,000 or 8.7% compared to the same period in
1999  mainly due to  increases  in the average  volume of the loan and  invested
funds  portfolios  of  $20,821,000  and  $30,444,000,  respectively,  and  a net
favorable rate variance between earning assets and interest bearing liabilities.
In addition,  average  noninterest  bearing demand  deposits were  $4,265,000 or
12.4% higher  during the nine months ended  September  30, 2000  compared to the
same period in 1999 which helped reduce the average cost of funds and thus had a
positive effect on net interest income.

The ratio of net interest income, on a tax equivalent basis, to average interest
earning  assets was 3.76% for the nine months ended  September 30, 2000 compared
to 3.80%  for the same  period  in 1999.  The  interest  rate  spread,  on a tax
equivalent basis, was 3.08% in 2000 compared to 3.22% in 1999. A proportionately
greater  rise in  interest  rates on sources of funds  compared  with  yields on
earning  assets  caused the decrease in the  interest  rate spread and margin in
2000 compared to 1999. The decrease in the net interest margin was impacted less
as a result of the  increase  in average  noninterest  bearing  demand  deposits
previously mentioned.  As noted above, if short-term interest rates were to rise
further,  some  compression in the net interest spread and margin is expected to
occur.

PROVISION  FOR LOAN LOSSES - For the three months ended  September  30, 2000 and
1999, the  provisions for loan losses were $118,000 and $157,000,  respectively.
Net loan recoveries  totaled  $110,000 for the third quarter of 2000 compared to
net loan charge-offs of $131,000 for the same period in 1999.

For the nine months ended  September 30, 2000 and 1999,  the provisions for loan
losses were $354,000 and $222,000,  respectively.  Net loan  recoveries  totaled
$21,000  for the nine  months  ended  September  30,  2000  compared to net loan
charge-offs  of $161,000  during the same period in 1999. The allowance for loan
losses was  $6,056,000  or 1.87% of  outstanding  loans as of September 30, 2000
compared to $5,610,000 or 1.78% of  outstanding  loans as of September 30, 1999.
Nonperforming  loans were  $741,000  as of the end of the  current  quarter  and
$1,685,000  as of the end of the same quarter last year,  representing  .23% and
 .53%, respectively, of outstanding loans. The increase in the allowance for loan
losses from year end 1999 was driven by the  provision for loan losses which was
recorded  primarily  due to the  change  in the mix of the loan  portfolio  from
residential to commercial  and consumer and, to a lesser  extent,  growth in the
loan  portfolio.  The  residential  real estate loan  portfolio,  which declined
during the period,  requires a lower reserve allocation while the commercial and
consumer  portfolios,  which carry more risk,  increased  and  required a higher
reserve allocation.

Management   regularly  monitors  and  has  established  a  formal  process  for
determining the adequacy of the allowance for loan losses.  This process results
in an allowance that consists of two components,  allocated and unallocated. The
allocated  component  includes  allowance  estimates  that result from analyzing
certain  individual loans (including unused lines of credit and impaired loans),
and  specific  loan  types.  The policy of the Bank is to review all  commercial
loans and delinquent consumer loans quarterly. Up to a total of nine risk rating
classifications  are used to describe the credit risk associated with commercial
and consumer loans. Of these  classifications,  the problem loan categories are:
"substandard,"  "doubtful"  and "loss." Loans  designated  loss are  charged-off
quarterly.  A risk  factor  is  assigned  by loan  type  to  loans  within  each
classification  in  determining  the  respective  allowance.  For loans that are
analyzed individually, third-party information such as appraisals may be used to
supplement  management's  analysis. For loans that are analyzed on a pool basis,
such as residential mortgage loans (1-4 family),  management's analysis consists
of reviewing delinquency trends,  historical charge-off  experience,  prevailing
economic  conditions,  size  and  current  composition  of the  loan  portfolio,
collateral value trends and other relevant factors. The unallocated component of
the  allowance  for loan  losses is intended to  compensate  for the  subjective
nature  of   estimating  an  adequate   allowance  for  loan  losses,   economic
uncertainties,  and other factors.  The unallocated portion of the allowance for
loan losses was $1,297,000 as of September 30, 2000 compared to $1,580,000 as of
December 31, 1999 and  $1,260,000 as of September 30, 1999.  The decrease in the
unallocated  portion of the  allowance  for loan losses as of September 30, 2000
compared  to  December  31,  1999   primarily   reflects  a  refinement  in  the
determination  of the allocated  component of the allowance for loan losses and,
to a lesser extent,  a change in the mix of the loan portfolio from  residential
to  commercial.  The reduction in the  unallocated  portion of the allowance for
loan losses is not a result of credit risk rating downgrades.



                                       16
<PAGE>


NONINTEREST  INCOME - Total noninterest  income,  excluding net securities gains
(losses),  net trading  account gains  (losses),  trust fees and the gain on the
sale of the Bank's trust operations, increased by $11,000 or 1.5% to $764,000 in
the  third  quarter  of 2000 from  $753,000  for the same  period  in 1999.  The
following table presents a comparison of the components of noninterest income.

                                        Three Months Ended         Increase
                                          September 30,           (Decrease)
                                        ------------------    ------------------
                                          2000       1999      Amount    Percent
                                        -------    -------    -------    -------
(dollars in thousands)

Service charges on deposit accounts     $  212     $ 199      $  13         6.5%
Brokerage servicing fees                   174       137         37        27.0%
Call options premiums                      116       132        (16)      -12.1%
Gains on sales of loans, originated
  for sale                                 107       151        (44)      -29.1%
Other                                      155       134         21        15.7%
                                        ------     -----      -----
                                           764       753         11         1.5%
Net securities gains (losses)              324      (262)       586       223.7%
Net trading account gains (losses)          42       (26)        68       261.5%
Trust fees                                  --       130       (130)     -100.0%
Gain on sale of trust operations            --       356       (356)     -100.0%
                                        ------     -----      -----
    Total noninterest income            $1,130     $ 951      $ 179        18.8%
                                        ======     =====      =====

Brokerage servicing fees increased $37,000 due to higher sales volume. The gains
on sales of loans,  originated for sale, decreased $44,000 primarily as a result
of a decline in loans generated for sale into the secondary  market by BCIF, the
Bank's indirect auto finance company, as a direct result of the current interest
rate  environment.  The  increase  in  other  income  reflects  higher  customer
investment  fees of $21,000.  The trust  operations of the Bank were sold during
the third quarter of 1999.

Total  noninterest  income,  excluding net securities gains, net trading account
losses,  trust  fees and the gain on the sale of the  Bank's  trust  operations,
increased by $579,000 or 33.9% to $2,289,000 for the nine months ended September
30,  2000 from  $1,710,000  for the same  period in 1999.  The  following  table
presents a comparison of the components of noninterest income.


                                        Nine Months Ended          Increase
                                          September 30,           (Decrease)
                                        ------------------    ------------------
                                          2000       1999      Amount    Percent
                                        -------    -------    -------    -------
(dollars in thousands)

Service charges on deposit accounts     $  604     $  549      $  55       10.0%
Call options premiums                      438        300        138       46.0%
Brokerage servicing fees                   416        256        160       62.5%
Gains on sales of loans, originated
  for sale                                 403        264        139       52.7%
Other                                      428        341         87       25.5%
                                        ------     ------     -----
                                         2,289      1,710        579       33.9%
Net securities gains                       601        492        109       22.2%
Net trading account losses                  (2)       (35)        33      -94.3%
Trust fees                                  --        431       (431)    -100.0%
Gain on sale of trust operations            --        356       (356)    -100.0%
                                        ------     ------     -----
    Total noninterest income            $2,888     $2,954     $ (66)       -2.2%
                                        ======     ======     =====



                                       17
<PAGE>


The increase in service  charges on deposit  accounts is primarily the result of
$67,000  in fees  generated  from the  Bank's  new SSB  ATM/Debit  card  product
introduced  in late 1999 to its consumer  customers.  Brokerage  servicing  fees
increased  $160,000  due to higher  sales  volume.  The gains on sales of loans,
originated for sale, increased $139,000 primarily as a result of loans generated
for sale into the  secondary  market by BCIF,  the Bank's  indirect auto finance
company.  The increase in other income reflects  increased fee income of $21,000
from brokered commissions on residential  mortgages,  higher customer investment
fees of $21,000,  increased  BCIF  servicing  fees of $15,000  and $11,000  from
insurance fees recorded by the Bank.

Near the end of the  second  quarter  of  2000,  the Bank  launched  a  separate
subsidiary,  SSB Insurance Services, Inc. (SSBI), which was formed to distribute
a range of consumer  and  business  insurance  products to its  customers.  SSBI
entered into a joint marketing  agreement with a local insurance agency and will
earn  commissions on insurance  coverage  referrals.  Since SSBI is in its early
stages of  operations,  it has not yet generated a significant  amount of income
for the Corporation.

NONINTEREST   EXPENSE  -  Operating  expenses  decreased  $267,000  or  8.5%  to
$2,884,000 in the third quarter of 2000 from $3,151,000 in 1999.

Salaries and  employee  benefits  were $45,000 or 2.5% less in 2000  compared to
1999. This decrease reflects no trust operation salaries and benefits in 2000 as
compared to approximately $73,000 in 1999 and decreased utilization of temporary
employees  during 2000 in the amount of $24,000  partially  offset by  scheduled
employee annual salary increases.

The expenses  related to furniture  and equipment  increased  $19,000 or 7.4% to
$276,000 for the third  quarter of 2000 compared to $257,000 for the same period
in 1999. Higher computer  maintenance  expense of $13,000 was the primary reason
for the increase.

Net  occupancy  expense  decreased  $28,000 or 18.9% in 2000  compared  to 1999.
During  the second  quarter of 2000 the Bank  purchased  its  operations  center
building which was previously  leased.  Reduced rent expense coupled with rental
income,  partially offset by property taxes and other operating expenses related
to this building, were the principal reasons for this expense reduction.

Advertising expense decreased $25,000 or 18.9% to $107,000 for the third quarter
of 2000  compared to $132,000 for the same period in 1999  primarily as a result
of timing of advertising expenditures to promote the Bank and its products.

The decrease in other noninterest  expenses of $194,000 or 27.8% reflected a net
decrease in a number of miscellaneous  expense categories.  The most significant
decreases  in these  categories  were  $94,000 of expenses  incurred in 1999 for
outside fund management fees and other operating expenses for the internal trust
operations of the Bank, which was sold during the third quarter of 1999, and net
foreclosed real estate recoveries which amounted to $41,000 in the third quarter
of 2000 versus $45,000 of expenses for the same period in 1999.

Operating  expenses decreased $249,000 or 2.8% to $8,733,000 for the nine months
ended September 30, 2000 from $8,982,000 in 1999.

Salaries and employee  benefits  were $16,000 or .3% higher in 2000  compared to
1999. This increase reflects higher commission salaries of $66,000 and scheduled
employee annual salary increases partially offset by no trust operation salaries
and benefits in 2000 as compared to approximately $212,000 in 1999. Higher group
medical  and  retirement  benefit  costs of $49,000  were more than  offset by a
decreased  utilization  of  temporary  employees  during  2000 in the  amount of
$93,000.

The expenses  related to furniture and equipment  totaled  $805,000 for the nine
months  ended  September  30, 2000  compared to $740,000  for the same period in
1999,  an  increase of $65,000 or 8.8%.  Higher  depreciation  and  amortization



                                       18
<PAGE>


charges  and  computer   maintenance   expenses  totaling  $8,000  and  $23,000,
respectively,  as well as furniture and equipment write-offs totaling $13,000 in
2000 versus a $5,000 gain in 1999 were the primary reasons for the increase.

Net  occupancy  expense  decreased  $23,000  or 5.2% in 2000  compared  to 1999.
Reduced rent expense  coupled with rental income,  partially  offset by property
taxes and other  operating  expenses,  related to the Bank's  operations  center
building,   discussed  above,  were  the  principal  reasons  for  this  expense
reduction.

Advertising  expense  increased $32,000 or 10.5% to $337,000 for the nine months
of 2000  compared to $305,000 for the same period in 1999  primarily as a result
of increases in  advertising  expenditures  to promote the Bank and its products
including Internet banking to its consumer customers.

The decrease in other noninterest  expenses of $340,000 or 16.9% reflected a net
decrease in a number of miscellaneous  expense categories.  The most significant
decreases in these  categories  were  $191,000 of expenses  incurred in 1999 for
outside fund management fees and other operating expenses for the internal trust
operations of the Bank, which was sold during the third quarter of 1999, and net
foreclosed real estate recoveries of $93,000 versus $66,000 of expenses in 1999.

PROVISION FOR INCOME TAXES - The provision for income taxes for the three months
ended  September  30, 2000 and 1999 was  $998,000  and  $700,000,  respectively,
representing effective tax rates of 29.8% and 26.2%, respectively.

The provision for income taxes for the nine months ended  September 30, 2000 and
1999 was $2,794,000 and  $2,267,000,  respectively,  representing  effective tax
rates of 29.8% and 28.2%, respectively.

The effective  income tax rates noted above are below  statutory rates primarily
as a result of the dividends  received  deduction and the  establishment  of the
passive investment company.

On May 19, 1998, the Connecticut  state  legislature  enacted  legislation which
permits  financial  services  companies which maintain an office in Connecticut,
and have a minimum of five employees (among other provisions),  the authority to
create a limited passive  investment  company ("PIC") for the purpose of holding
for  investment  loans  collateralized  by real  estate  free  from  Connecticut
corporation  business  tax. The  regulation  is  effective  for income tax years
beginning  January 1, 1999. During the fourth quarter of 1998, the Bank formed a
passive investment  company,  SSB Mortgage  Corporation.  Subsequently,  for tax
years beginning  January 1, 1999, the  Corporation's  state tax expense has been
eliminated resulting in the lower effective tax rates mentioned above.

LIQUIDITY  - The  liquidity  of a banking  institution  reflects  its ability to
provide  funds to meet  loan  requests,  to  accommodate  possible  outflows  in
deposits and to take advantage of interest rate market opportunities. Funding of
loan requests,  providing for liability outflows and management of interest rate
fluctuations  require  continuous  analysis in order to match the  maturities of
specific  categories of short-term  loans and investments with specific types of
deposits and borrowings.  Bank liquidity is thus normally considered in terms of
the nature and mix of a banking  institution's  sources  and uses of funds.  The
Bank's Asset Liability  Committee is responsible for  implementing  the policies
and  guidelines for the  maintenance of prudent levels of liquidity.  Management
believes,  as  of  September  30,  2000,  that  liquidity  as  measured  by  the
Corporation is well in excess of its minimum guidelines.

The Bank's  principal  sources of funds for operations are cash flows  generated
from earnings,  deposits,  loan repayments,  borrowings from correspondent banks
and securities sold under repurchase  agreements.  Such sources are supplemented
by interest  bearing  deposits with banks,  Federal funds sold and  unencumbered
securities  available-for-sale.  Brokered deposits were not utilized as a source
of funds during 2000 or 1999,  and none were  outstanding  as of  September  30,
2000.

The Bank is a member of the Federal Home Loan Bank of Boston (the "FHLB"), which
makes substantial  borrowings  available to its members. The Bank is eligible to
borrow  against its assets in an amount not to exceed  collateral  as defined by



                                       19
<PAGE>


the FHLB. As of September 30, 2000, qualified  collateral totaled  $185,289,000.
The Bank's actual borrowings on that date were $124,330,000.

The  inflow and  outflow  of funds is  detailed  in the  consolidated  condensed
statements  of cash flows for the nine months ended  September 30, 2000 and 1999
and is summarized below.

During the current period, cash and cash equivalents decreased by $4,470,000, as
net cash used for investing activities of $25,441,000 exceeded net cash provided
by operating activities and financing activities of $20,971,000.

Net  cash  used for  investing  activities,  which  primarily  reflects  the net
redeployment of funds into the loan and securities  portfolios,  was $25,441,000
for  the  nine  months  ended  September  30,  2000.  During  this  period,  the
Corporation  experienced net originations of loans totaling $6,837,000 and a net
increased  investment  in securities  in the amount of  $16,757,000,  which were
funded primarily by increased certificates of deposit.

The net cash provided by financing activities of $18,045,000 for the nine months
ended  September  30, 2000  primarily  reflected  net  increases  in deposits of
$25,799,000 and funds borrowed from the FHLB of $51,500,000  partially offset by
decreases in funds  borrowed from the Federal  Reserve Bank of  $11,500,000  and
Federal funds purchased and repurchase agreements of $44,190,000.

Closely  related to the  concept of  liquidity  is the  management  of  interest
earning assets and interest  bearing  liabilities,  which focuses on maintaining
stability in the interest rate spread,  an important  factor in earnings  growth
and stability.  Emphasis is placed on maintaining a controlled rate  sensitivity
position to avoid wide swings in interest  rate spreads and to minimize risk due
to changes in interest rates. An asset or liability is considered rate sensitive
within a  specified  period  when it matures or could be  repriced  within  such
period in accordance with its contractual terms.  Management establishes overall
policy and interest rate risk  tolerance  levels which are  administered  by the
Bank's Asset Liability Committee on a monthly basis.

CAPITAL  RESOURCES  -  The  Bank  is  subject  to  various   regulatory  capital
requirements  administered  by the  Federal  banking  agencies.  Failure to meet
minimum  capital  requirements  can  initiate  certain  mandatory,  and possibly
additional discretionary,  actions by regulators that, if undertaken, could have
a direct  material  effect on the Bank's  financial  statements.  Under  capital
adequacy  guidelines and the regulatory  framework for prompt corrective action,
the Bank  must  meet  specific  capital  guidelines  that  involve  quantitative
measures of the Bank's assets, liabilities,  and certain off-balance-sheet items
as calculated under regulatory accounting practices.  The Bank's capital amounts
and  classifications  are  also  subject  to  quantitative   judgements  by  the
regulators about components, risk weightings and other factors.

Quantitative  measures  established  by  regulation to ensure  capital  adequacy
require the Bank to maintain  minimum amounts and ratios (set forth in the table
below) of total  and Tier 1  capital  (as  defined),  and of Tier 1 capital  (as
defined) to average assets (as defined).  Management  believes,  as of September
30, 2000, that the Bank meets all capital  adequacy  requirements to which it is
subject.



                                       20
<PAGE>


To be  categorized  as well  capitalized,  the Bank must maintain the ratios set
forth in the  table  below.  Management  believes  that  there  are no events or
conditions that have occurred that would change its category.  The Bank's actual
capital amounts and ratios were (dollars in thousands):

<TABLE>
<CAPTION>
                                                                        To Be Well Capitalized
                                                                        Under Prompt Corrective
                                                     Actual                Action Provisions
                                                ---------------         -----------------------
                                                Amount    Ratio           Amount         Ratio
                                                ------    -----         ----------      -------
<S>                                           <C>         <C>            <C>             <C>
As of September 30, 2000:
  Total Capital (to Risk Weighted Assets)     $ 56,802    15.52%   >/=   $ 36,591  >/=   10.0%
  Tier I Capital (to Risk Weighted Assets)      52,210    14.27%   >/=     21,955  >/=    6.0%
  Tier I Capital (to Average Assets)            52,210     8.83%   >/=     29,553  >/=    5.0%
</TABLE>


On July 19,  2000,  the Board of Directors  of the  Corporation  declared a cash
dividend  of $.17  per  common  share  which  was  paid on  August  15,  2000 to
shareholders of record on August 1, 2000.  Subsequent to September 30, 2000, the
Board of  Directors  of the  Corporation  declared a cash  dividend  of $.18 per
common share payable on November 15, 2000 to  shareholders of record on November
1, 2000.

On April 21, 1999, the Corporation announced that it planned to repurchase up to
5% (260,000) of its  outstanding  common shares over the next twelve months.  On
April 20, 2000,  this share  buyback  program was  terminated.  Pursuant to that
program,  the Corporation  purchased 136,338 shares of its outstanding shares of
common stock, or 2.6% of its  outstanding  shares as of April 21, 1999 and April
20, 2000.

On April 19, 2000, the  Corporation's  Board of Director's  voted to authorize a
new share  buyback  program of up to 5% (262,000) of its  outstanding  shares of
common  stock  over the next year.  Purchases  are made from time to time in the
open market and  through  private  transactions.  The timing and amount of these
transactions,  funded through available corporate funds, will depend upon market
conditions and corporate  requirements.  Shares repurchased are held in treasury
for general  corporate  purposes  including  reissue to satisfy the  exercise of
outstanding stock options. Through November 9, 2000, the Corporation repurchased
60,000 shares at an average price of $14.63.



                                       21
<PAGE>



AVERAGE STATEMENTS OF CONDITION, NET INTEREST INCOME AND INTEREST RATES(a)
--------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                             Three Months Ended September 30,
                                             ------------------------------------------------------------
                                                          2000                           1999
---------------------------------------------------------------------------------------------------------
                                              Average              Yield/    Average              Yield/
 (dollars in thousands)                       Balance   Interest   Rate(c)   Balance   Interest   Rate(c)
---------------------------------------------------------------------------------------------------------
<S>                                          <C>        <C>         <C>     <C>        <C>         <C>
ASSETS
Interest-earning assets:
  Loans(b)                                   $321,778   $  6,778    8.43%   $308,434   $  6,229    8.08%
  Taxable investment securities(c)            244,291      4,466    7.31%    214,438      3,663    6.83%
  Municipal bonds - tax exempt(c)               5,607        110    7.85%      3,790         67    7.07%
  Federal funds sold                           11,401        182    6.39%      7,606         99    5.21%
  Other interest-earning assets                 6,081        119    7.83%      3,388         51    6.02%
                                             --------   --------            --------   --------
Total interest-earning assets                 589,158     11,655    7.91%    537,656     10,109    7.52%
                                                        --------                       --------
Noninterest-earning assets                      5,796                         10,778
                                             --------                       --------
TOTAL ASSETS                                 $594,954                       $548,434
                                             ========                       ========

LIABILITIES AND EQUITY
Interest-bearing liabilities:
  NOW and savings deposits                   $150,591        981    2.61%   $154,895      1,005    2.60%
  Time deposits                               189,496      2,699    5.70%    158,234      1,901    4.81%
  Federal funds purchased and
    repurchase agreements                      55,767        830    5.95%     96,557      1,271    5.27%
  Other borrowings                            108,026      1,709    6.33%     52,776        688    5.21%
                                             --------   --------            --------   --------
Total interest-bearing liabilities            503,880      6,219    4.94%    462,462      4,865    4.21%
                                                        --------                       --------
Noninterest-bearing liabilities:
  Demand deposits                              41,281                         36,107
  Other                                         6,489                          4,782
Shareholders' equity                           43,304                         45,083
                                             --------                       --------
TOTAL LIABILITIES AND
  SHAREHOLDERS' EQUITY                       $594,954                       $548,434
                                             ========                       ========
Net interest income on a tax
  equivalent basis(c)                                      5,436                          5,244
Tax equivalent adjustment                                   (217)                          (216)
                                                        --------                       --------
Net interest income                                     $  5,219                       $  5,028
                                                        ========                       ========
Net interest spread (tax equivalent basis)                          2.97%                          3.31%
                                                                    ====                           ====
Net interest margin (tax equivalent basis)                          3.69%                          3.90%
                                                                    ====                           ====
</TABLE>


(a)  Computed on an annualized basis.
(b)  Average balances for loans include nonaccrual and renegotiated balances.
(c)  Yields/Rates are computed on a tax equivalent basis using a Federal income
     tax rate of 34% for 2000 and 1999 and a state income tax rate of 0% in 2000
     and 1999, respectively.



                                       22
<PAGE>




AVERAGE STATEMENTS OF CONDITION, NET INTEREST INCOME AND INTEREST RATES(a)
--------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                             Nine Months Ended September 30,
                                            -------------------------------------------------------------
                                                          2000                           1999
---------------------------------------------------------------------------------------------------------
                                              Average              Yield/    Average              Yield/
 (dollars in thousands)                       Balance   Interest   Rate(c)   Balance   Interest   Rate(c)
---------------------------------------------------------------------------------------------------------
<S>                                          <C>        <C>         <C>     <C>        <C>         <C>
ASSETS
Interest-earning assets:
  Loans(b)                                   $319,311   $ 19,756    8.25%   $298,490   $ 17,987    8.03%
  Taxable investment securities(c)            236,979     12,729    7.16%    212,220     10,474    6.58%
  Municipal bonds - tax exempt(c)               5,590        330    7.87%      3,610        188    6.94%
  Federal funds sold                            6,672        315    6.29%      5,650        207    4.88%
  Other interest-earning assets                 5,922        325    7.32%      3,239        145    5.97%
                                             --------   --------            --------   --------
Total interest-earning assets                 574,474     33,455    7.76%    523,209     29,001    7.39%
                                                        --------                       --------
Noninterest-earning assets                      5,582                         13,909
                                             --------                       --------
TOTAL ASSETS                                 $580,056                       $537,118
                                             ========                       ========

LIABILITIES AND EQUITY
Interest-bearing liabilities:
  NOW and savings deposits                   $149,742      2,857    2.54%   $152,293      2,899    2.54%
  Time deposits                               169,656      6,797    5.34%    158,404      5,769    4.86%
  Federal funds purchased and
    repurchase agreements                      64,739      2,756    5.68%     94,121      3,681    5.21%
  Other borrowings                            108,325      4,862    5.98%     45,706      1,758    5.13%
                                             --------   --------            --------   --------
Total interest-bearing liabilities            492,462     17,272    4.68%    450,524     14,107    4.17%
                                                        --------                       --------
Noninterest-bearing liabilities:
  Demand deposits                              38,767                         34,502
  Other                                         6,314                          3,753
Shareholders' equity                           42,513                         48,339
                                             --------                       --------
TOTAL LIABILITIES AND
  SHAREHOLDERS' EQUITY                       $580,056                       $537,118
                                             ========                       ========
Net interest income on a tax
  equivalent basis(c)                                     16,183                         14,894
Tax equivalent adjustment                                   (614)                          (614)
                                                        --------                       --------
Net interest income                                     $ 15,569                       $ 14,280
                                                        ========                       ========
Net interest spread (tax equivalent basis)                          3.08%                          3.22%
                                                                    ====                           ====
Net interest margin (tax equivalent basis)                          3.76%                          3.80%
                                                                    ====                           ====
</TABLE>


(a)  Computed on an annualized basis.
(b)  Average balances for loans include nonaccrual and renegotiated balances.
(c)  Yields/Rates are computed on a tax equivalent basis using a Federal income
     tax rate of 34% for 2000 and 1999 and a state income tax rate of 0% in 2000
     and 1999, respectively.



                                       23
<PAGE>



RATE/VOLUME ANALYSIS

<TABLE>
<CAPTION>
                                       Three Months Ended                Nine Months Ended
                                       September 30, 2000                September 30, 2000
                                        Compared to 1999                  Compared to 1999
                                  -----------------------------    ------------------------------
                                  Increase (Decrease)              Increase (Decrease)
                                       Due to                             Due to
                                  -------------------              -------------------
(in thousands)                     Volume    Rate       Net(1)      Volume       Rate      Net(1)
---------------------------------------------------------------    ------------------------------
<S>                                <C>       <C>       <C>         <C>         <C>       <C>
Interest earned on:
  Loans                            $ 275     $ 274     $   549     $ 1,279     $  490    $ 1,769
  Taxable investment securities      534       269         803       1,283        972      2,255
  Municipal bonds - tax exempt        35         8          43         114         28        142
  Federal funds sold                  57        26          83          42         66        108
  Other interest-earning assets       49        19          68         141         39        180
                                   -----     -----     -------     -------     ------    -------
      Total interest income          950       596       1,546       2,859      1,595      4,454
                                   -----     -----     -------     -------     ------    -------
Interest paid on:
  NOW and savings deposits           (28)        4         (24)        (49)         7        (42)
  Time deposits                      412       386         798         427        601      1,028
  Federal funds purchased and
    repurchase agreements           (591)      150        (441)     (1,228)       303       (925)
  Other borrowings                   848       173       1,021       2,767        337      3,104
                                   -----     -----     -------     -------     ------    -------
      Total interest expense         641       713       1,354       1,917      1,248      3,165
                                   -----     -----     -------     -------     ------    -------
Change in net interest income      $ 309     $(117)    $   192     $   942     $  347    $ 1,289
                                   =====     =====     =======     =======     ======    =======
</TABLE>


(1) The change in interest due to both tax  equivalent  rate and volume has been
allocated  to changes due to volume and changes  due to tax  equivalent  rate in
proportion to the  relationship  of the absolute dollar amounts of the change in
each.

FORWARD-LOOKING STATEMENTS

This  Form  10-Q  contains  forward-looking  statements,   including  statements
regarding the Corporation's  future operations.  All forward-looking  statements
are subject to risks and uncertainties that could cause actual results to differ
materially  from those  projected.  Factors  that could cause such a  difference
include,  without  limitation,  general  risks  associated  with the delivery of
financial  products  and  services,   fluctuating   investment  returns,   rapid
technological  change, and competition,  as well as other risks set forth in the
Corporation's   filings  with  the  Securities  and  Exchange  Commission.   The
forward-looking  statements  contained  herein speak only as of the date of this
Form 10-Q. The Corporation  expressly disclaims any obligation or undertaking to
release  publicly any updates or revisions to any such  statement to reflect any
change in the Corporation's  expectations or any change in events, conditions or
circumstances on which any such statement is based.



                                       24
<PAGE>


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Market risk is the exposure to loss  resulting  from changes in interest  rates,
foreign currency exchange rates, commodity prices and equity prices. The primary
market risk to which the Bank is exposed is interest rate risk.  The majority of
the  Bank's  interest  rate risk  arises  from the  instruments,  positions  and
transactions  entered into for purposes other than trading.  They include loans,
securities  available-for-sale,  deposit liabilities,  short-term borrowings and
long-term debt. Interest rate risk occurs when assets and liabilities reprice at
different times as interest rates change.

The Bank  manages  interest  rate  risk  through  an Asset  Liability  Committee
comprised of senior management. The committee monitors exposure to interest rate
risk on a quarterly  basis using both a traditional  gap analysis and simulation
analysis.  Traditional gap analysis identifies short and long-term interest rate
positions or exposure.  Simulation  analysis  measures the amount of  short-term
earnings  at risk  under both  rising and  falling  rate  scenarios.  The Bank's
interest  rate risk as of September  30, 2000 and December 31, 1999  utilizing a
simulation  model to measure the  estimated  percentage  change in net  interest
income due to an  increase or  decrease  in market  interest  rates of up to 200
basis points,  spread evenly over the next twelve  months,  is within the Bank's
established 10% of net interest income tolerance limit.



                                       25
<PAGE>


PART II.


ITEM 1.  LEGAL PROCEEDINGS

         Not applicable

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         Not applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         Not applicable

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

         Not applicable

ITEM 5.  OTHER INFORMATION

         Not applicable

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits required by Item 601 of Regulation S-K

             Exhibit No.     Description
             -----------     -----------

             3.1             Certificate of Incorporation of Registrant
                             (Incorporated by reference to Exhibit 3.1 to the
                             Registrant's Registration Statement on Form S-4
                             (Registration No. 33-77696 the "Registration
                             Statement"))

             3.2             Bylaws of Registrant (Incorporated by reference to
                             Exhibit 3.2 to the Registration Statement)

             3.3             Certificate of Amendment of Certificate of
                             Incorporation dated May 20, 1996 (Incorporated by
                             reference to Exhibit 3.3 to the Quarterly Report on
                             Form 10-Q for the quarterly period ended June 30,
                             1996)

             4.1             Instruments defining the rights of security holders
                             (Included in Exhibits 3.1 and 3.2)


                                       26
<PAGE>


             4.2             Form of Stock Certificate (Incorporated by
                             reference to Exhibit 4.5 to the Registrant's
                             Registration Statement on Form S-8 (Registration
                             No. 33-333-2638))

             10.1            Employment and Non-Competition Agreement dated as
                             of February 1, 2000, by and between the
                             Corporation, Bank and Robert D. Morton (Exhibit
                             10.1 - Annexed Hereto)

             10.2            Southington Savings Bank 1986 Stock Option Plan
                             (Incorporated by reference to Exhibit 10.2 to the
                             Registration Statement)

             10.3            Southington Savings Bank 1993 Stock Option Plan
                             (Incorporated by reference to Exhibit 10.3 to the
                             Registration Statement)

             10.4            Pension Plan of Southington Savings Bank, as
                             amended (Incorporated by reference to Exhibit 10.4
                             to the Registration Statement)

             10.5            Southington Savings Bank Supplemental Retirement
                             Plan (Incorporated by reference to Exhibit 10.5 to
                             the Registrant's Quarterly Report on Form 10-Q for
                             the quarterly period ended September 30, 1996)

             10.6            Bancorp Connecticut, Inc. 1997 Stock Option Plan
                             (Incorporated by reference to Exhibit 4.3 to the
                             Registrant's Registration Statement on Form S-8
                             (Registration No. 33-30146))

             10.7            Southington Savings Bank Supplemental Executive
                             Retirement Plan (effective December 21, 1998)
                             (Incorporated by reference to Exhibit 10.7 to the
                             Registrant's Annual Report on Form 10-K for the
                             fiscal year ended December 31, 1998)

             10.8            Employment and Non-Competition Agreement dated as
                             of February 1, 2000, by and between the
                             Corporation, Bank and Phillip J. Mucha (Exhibit
                             10.8 - Annexed Hereto)

             27              Financial Data Schedule

         (b) Reports on Form 8-K

The registrant did not file any Report on Form 8-K during the third quarter of
2000.



                                       27
<PAGE>



                                   SIGNATURES

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



                                               BANCORP CONNECTICUT, INC.
                                      ------------------------------------------
                                                    (Registrant)





Date:     November 9, 2000              /s/ Robert D. Morton
     --------------------------       ------------------------------------------
                                            Robert D. Morton
                                            President and Chief
                                              Executive Officer
                                            (Principal Executive Officer)




Date:     November 9, 2000              /s/ Phillip J. Mucha
     --------------------------       ------------------------------------------
                                            Phillip J. Mucha
                                            Chief Financial Officer
                                              and Treasurer/Secretary
                                            (Principal Accounting Officer)


                                       28
<PAGE>



                                  EXHIBIT INDEX

Exhibit No.        Description
-----------        -----------

3.1                Certificate of Incorporation of Registrant (Incorporated by
                   reference to Exhibit 3.1 to the Registrant's Registration
                   Statement on Form S-4 (Registration No. 33-77696 the
                   "Registration Statement"))

3.2                Bylaws of Registrant (Incorporated by reference to Exhibit
                   3.2 to the Registration Statement)

3.3                Certificate of Amendment of Certificate of Incorporation
                   dated May 20, 1996 (Incorporated by reference to Exhibit 3.3
                   to the Quarterly Report on Form 10-Q for the quarterly period
                   ended June 30, 1996)

4.1                Instruments defining the rights of security holders (Included
                   in Exhibits 3.1 and 3.2)

4.2                Form of Stock Certificate (Incorporated by reference to
                   Exhibit 4.5 to the Registrant's Registration Statement on
                   Form S-8 (Registration No. 33-333-2638))

10.1               Employment and Non-Competition Agreement dated as of February
                   1, 2000, by and between the Corporation, Bank and Robert D.
                   Morton (Exhibit 10.1 - Annexed Hereto)

10.2               Southington Savings Bank 1986 Stock Option Plan (Incorporated
                   by reference to Exhibit 10.2 to the Registration Statement)

10.3               Southington Savings Bank 1993 Stock Option Plan (Incorporated
                   by reference to Exhibit 10.3 to the Registration Statement)

10.4               Pension Plan of Southington Savings Bank, as amended
                   (Incorporated by reference to Exhibit 10.4 to the
                   Registration Statement)

10.5               Southington Savings Bank Supplemental Retirement Plan
                   (incorporated by reference to Exhibit 10.5 to the
                   Registrant's Quarterly Report on Form 10-Q for the quarterly
                   period ended September 30, 1996)

10.6               Bancorp Connecticut, Inc. 1997 Stock Option Plan
                   (Incorporated by reference to Exhibit 4.3 to the Registrant's
                   Registration Statement on Form S-8 (Registration No.
                   33-30146))

10.7               Southington Savings Bank Supplemental Executive Retirement
                   Plan (effective December 21, 1998) (Incorporated by reference
                   to Exhibit 10.7 to the Registrant's Annual Report on Form
                   10-K for the fiscal year ended December 31, 1998)

10.8               Employment and Non-Competition Agreement dated as of February
                   1, 2000, by and between the Corporation, Bank and Phillip J.
                   Mucha (Exhibit 10.8 - Annexed Hereto)

27                 Financial Data Schedule