UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2002

                                       OR

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

                           Commission File No. 0-20956

                            HFB FINANCIAL CORPORATION

A Tennessee Corporation                                    I.R.S. Employer
                                                           Identification
                                                           No. 61-1228266

            Address                                       Telephone Number
            -------                                       ----------------
     1602 Cumberland Avenue                                (606) 248-1095
   Middlesboro, Kentucky  40965

Indicate by check mark whether the registrant (1) has filed all reports required
by Section 13 or 15(d) of the  Securities  and  Exchange  Act of 1934 during the
preceding  twelve  months (or for such shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No __.

The number of shares of the registrant's $1 par value common stock outstanding
at November 7, 2002 was 1,296,311.

There are a total of 15 pages filed in this document.

<PAGE>
                            HFB FINANCIAL CORPORATION

                                    I N D E X
                                    ---------
                                                                        PAGE NO
                                                                        -------

PART I - FINANCIAL INFORMATION

  ITEM  1.  FINANCIAL STATEMENTS (UNAUDITED)

            Condensed Consolidated Balance Sheets                         3

            Condensed Consolidated Statements of Income                   4

            Condensed Consolidated Statement of Stockholders' Equity      5

            Condensed Consolidated Statements of Cash Flows               6

            Notes to Condensed Consolidated Financial Statements        7-8

  ITEM  2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS              8-11

PART II - OTHER INFORMATION                                              12

SIGNATURES                                                               13

CERTIFICATIONS                                                        14-15

                                       2
<PAGE>
                    HFB FINANCIAL CORPORATION AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                                 SEPTEMBER 30,           JUNE 30,
                                                                                     2002                  2002
                                                                                  (UNAUDITED)
ASSETS
<S>                                                                                <C>                  <C>
     Cash and cash equivalents                                                     $   4,929,605        $   5,225,348
     Available-for-sale securities                                                    74,778,619           74,636,556
     Loans, net of allowance for loan losses of $1,099,524 and
         $975,000 at September 30, 2002 and June 30, 2002, respectively              161,965,651          154,449,553
     Premises and equipment                                                            3,965,120            3,867,217
     Federal Home Loan Bank stock                                                      1,660,900            1,622,100
     Interest Receivable                                                               1,675,707            1,638,218
     Assets held for sale                                                                956,835            1,560,805
     Other assets                                                                        335,621              353,189
     Cash surrender value of life insurance                                            2,768,141            2,811,018
                                                                               ------------------   ------------------

              Total assets                                                         $ 253,036,199        $ 246,164,004
                                                                               ==================   ==================

LIABILITIES
     Deposits
         Non-interest bearing demand                                                 $ 6,267,074          $ 7,343,530
         Savings, NOW and money market                                                28,401,303           24,734,538
         Certificate of deposits                                                     165,339,076          169,245,427
                                                                               ------------------   ------------------
              Total deposits                                                         200,007,453          201,323,495
     Short-term debt                                                                   1,525,000                    -
     Long-term debt                                                                   24,849,829           19,871,257
     Interest payable                                                                  1,114,248              855,075
     Other liabilities                                                                 2,618,377            1,973,592
                                                                               ------------------   ------------------
              Total liabilities                                                      230,114,907          224,023,419
                                                                               ------------------   ------------------

STOCKHOLDERS' EQUITY
     Issued and outstanding - 1,584,513 shares                                         1,584,513            1,584,513
     Additional paid-in-capital                                                        8,749,714            8,749,714
     Less: Common stock acquired by Rabbi trusts for deferred
                 compensation plans                                                     (488,102)            (488,102)
     Retained earnings                                                                14,214,066           13,922,605
     Accumulated other comprehensive income                                            1,423,099              933,853
                                                                               ------------------   ------------------
                                                                                      25,483,290           24,702,583
     Treasury stock, at cost, 288,202 shares                                          (2,561,998)          (2,561,998)
                                                                               ------------------   ------------------

              Total stockholders' equity                                              22,921,292           22,140,585
                                                                               ------------------   ------------------

              Total liabilities and stockholders' equity                           $ 253,036,199        $ 246,164,004
                                                                               ==================   ==================
</TABLE>
See notes to condensed consolidated financial statements.

                                       3
<PAGE>
                    HFB FINANCIAL CORPORATION AND SUBSIDIARY
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (UNAUDITED)

                                            THREE-MONTHS ENDED
                                               SEPTEMBER 30,
                                             2002         2001
INTEREST INCOME
   Loans receivable                       $3,071,713   $2,926,681
   Investment securities                   1,019,271      895,982
   Other dividend income                           -        3,464
   Deposits with financial institutions        5,379       85,595
                                          ----------   ----------
            Total interest income          4,096,363    3,911,722
                                          ----------   ----------

INTEREST EXPENSE
   Deposits                                1,509,570    2,179,567
   Short term borrowings                         490            -
   Long term debt                            251,224      171,411
                                          ----------   ----------
            Total interest expense         1,761,284    2,350,978
                                          ----------   ----------

NET INTEREST INCOME                        2,335,079    1,560,744
   Provision for loan losses                 129,227       37,500
                                          ----------   ----------

NET INTEREST INCOME AFTER
  PROVISION FOR LOAN LOSSES                2,205,852    1,523,244
                                          ----------   ----------

OTHER INCOME
   Service charges for deposit accounts      207,829      164,902
   Other customer fees                        27,024       22,841
   Net gain on trading securities                  -        9,450
   Net realized gain on sales of
    available for sale securities                  -        6,053
   Other income                               40,670       11,674
                                          ----------   ----------
            Total other income               275,523      214,920
                                          ----------   ----------

OTHER EXPENSES
   Salaries and employee benefits            881,807      613,880
   Net occupancy expenses                     84,664       84,391
   Equipment expenses                        111,392      115,455
   Data processing fees                       59,947       59,414
   Deposit insurance expense                  11,290        8,321
   Legal and professional fees               101,666       59,437
   Advertising                                66,000       60,000
   State franchise and deposit taxes           8,131       43,875
   Other expenses                            339,037      219,595
                                          ----------   ----------
            Total other expenses           1,663,934    1,264,368
                                          ----------   ----------

INCOME BEFORE INCOME TAX                     817,441      473,796
   Income tax expense                        253,755      149,665
                                          ----------   ----------

NET INCOME                                $  563,686   $  324,131
                                          ==========   ==========

BASIC EARNINGS PER SHARE                  $     0.45   $     0.25
DILUTED EARNINGS PER SHARE                $     0.45   $     0.25

See notes to condensed consolidated financial statements.

                                       4
<PAGE>
                    HFB FINANCIAL CORPORATION AND SUBSIDIARY
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                      THREE-MONTHS ENDED SEPTEMBER 30, 2002
<TABLE>
<CAPTION>
                                                                                                        ACCUMULATED
                                              ADDITIONAL                          COMPRE-                  OTHER         TOTAL
                                     COMMON     PAID-IN     RABBI     TREASURY    HENSIVE   RETAINED   COMPREHENSIVE  STOCKHOLDERS'
                                     STOCK      CAPITAL    TRUSTS      STOCK      INCOME    EARNINGS       INCOME        EQUITY
                                  ------------------------------------------------------------------------------------------------
<S>                               <C>         <C>        <C>        <C>         <C>        <C>           <C>          <C>
BALANCES, JUNE 30, 2002           $1,584,513  $8,749,714 ($488,102) ($2,561,998)           $13,922,605   $  933,853   $22,140,585

Net income                                                                      $  563,686     563,686                    563,686

Other comprehensive income,
   net of tax

  Unrealized gain on securities                                                    489,246                  489,246       489,246
                                                                                ----------

Comprehensive income                                                            $1,052,932
                                                                                ==========

Cash dividend declared
  ($.21 per share)                                                                            (272,225)                  (272,225)
                                  ----------------------------------------------           ---------------------------------------

SEPTEMBER 30, 2002 (UNAUDITED)    $1,584,513  $8,749,714 ($488,102) ($2,561,998)           $14,214,066   $1,423,099   $22,921,292
                                  ==============================================           =======================================
</TABLE>
See notes to condensed consolidated financial statements.

                                       5
<PAGE>
                    HFB FINANCIAL CORPORATION AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                    THREE-MONTHS ENDED
                                                                       SEPTEMBER 30,
                                                                    2002            2001
OPERATING ACTIVITIES
<S>                                                             <C>             <C>
    Net cash provided by operating activities                   $  1,424,485    $  2,012,148
                                                                ------------    ------------

INVESTING ACTIVITIES
    Purchases of securities available for sale                    (3,504,115)    (31,946,008)
    Proceeds from maturities of securities available for sale      4,090,948      14,788,132
    Proceeds  from sales of securities available for sale                  -       9,128,907
    Net change in loans                                           (7,645,325)     (2,396,267)
    Proceeds from sales of assets held for sale                      538,745               -
    Proceeds from life insurance                                      80,838               -
    Purchases of premises and equipment                             (196,624)       (108,186)
                                                                ------------    ------------
       Net cash used by investing activities                      (6,635,533)    (10,533,422)
                                                                ------------    ------------

FINANCING ACTIVITIES
    Net change in
      Non interest-bearing, interest-bearing and
       savings deposits                                            2,590,309         707,218
      Certificates of deposit                                     (3,906,351)      3,759,616
      Short term borrowings                                        1,525,000               -
    Proceeds of long term debt                                     5,000,000               -
    Repayment of long term debt                                      (21,428)        (19,775)
    Cash dividends                                                  (272,225)       (246,402)
                                                                ------------    ------------
       Net cash provided by financing activities                   4,915,305       4,200,657
                                                                ------------    ------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                             (295,743)     (4,320,617)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                     5,225,348      13,887,788
                                                                ------------    ------------

CASH AND CASH EQUIVALENTS, END OF PERIOD                        $  4,929,605    $  9,567,171
                                                                ============    ============

ADDITIONAL CASH FLOWS INFORMATION
    Interest paid                                               $  1,502,111    $  1,558,425
    Income tax paid                                                   16,845          29,420
</TABLE>
See notes to condensed consolidated financial statements.

                                       6
<PAGE>
                            HFB FINANCIAL CORPORATION

        Notes to Condensed Consolidated Financial Statements (Unaudited)

1.   BASIS OF PRESENTATION

The unaudited condensed  consolidated  financial information for the three-month
periods ended  September 30, 2002 and 2001 includes the results of operations of
HFB Financial  Corporation  (the "Company") and its wholly owned subsidiary Home
Federal  Bank  Corporation  ("Home  Federal" or the  "Bank").  The  accompanying
unaudited financial  statements have been prepared in accordance with accounting
principles  generally  accepted  in the  United  States of America  for  interim
financial  statements  and  with  the  instructions  to  Form  10-QSB.   Certain
information  and note  disclosures  normally  included in the  company's  annual
financial statements prepared in accordance with accounting principles generally
accepted in the United States of America have been  condensed or omitted.  It is
suggested  that  these  statements  and  notes be read in  conjunction  with the
financial  statements and notes thereto  included in the Company's annual report
for the year ended June 30, 2002 on Form 10-KSB  filed with the  Securities  and
Exchange Commission.

In the opinion of management, the financial information reflects all adjustments
(consisting  only of normal  recurring  adjustments),  which are necessary for a
fair  presentation  of the financial  position,  results of operations  and cash
flows of the Company but should not be considered as indicative of results for a
full year.

The condensed  consolidated balance sheet of the Company as of June 30, 2002 has
been derived from the audited  consolidated  balance  sheet of the Company as of
that date.


2.   NON-PERFORMING LOANS AND PROBLEM ASSETS

The following sets forth the activity in the Company's allowance for loan losses
for the three-months ended September30, 2002 and 2001:

                                                         (Dollars in thousands)

                                                         2002            2001
                                                         ----            ----

   Balance July 1                                        $975            $718
   Charge offs                                            (14)            (20)
   Recoveries                                               9               -
   Provision for loan losses                              129              38
                                                         ------          ----
   Balance September 30                                  $1,099          $736
                                                         ======          ====

   Information on impaired loans is summarized below

   AT SEPTEMBER 30                                        2002
                                                          ----

   Impaired loans with an allowance                      $1,154

   Allowance for impaired loans
       (included in the Company's
       allowance for loan losses)                          $298


   THREE-MONTHS ENDED SEPTEMBER 30                        2002
                                                          ----

   Average balance of impaired loans                     $1,138
   Interest income recognized on impaired loans              $0
   Cash-basis interest received                              $0

                                       7
<PAGE>

3.   RECLASSIFICATIONS

Reclassifications  of certain  amounts in the  September  30, 2001  consolidated
statement have been made to conform to the September 30, 2002 presentation.

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

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain  matters   discussed  in  this  Quarterly  Report  on  Form  10-QSB  are
"forward-looking  statements"  intended  to qualify  for the safe  harbors  from
liability  established by the Private Securities  Litigation Reform Act of 1995.
These forward-looking statements can generally be identified as such because the
context of the  statement  will  include  words such as the Company  "believes",
"anticipates",  "expects",  "estimates" or words of similar  import.  Similarly,
statements  that  describe the Company's  future plans,  objectives or goals are
also forward-looking  statements. Such forward-looking statements are subject to
certain risks and uncertainties, which are described in, close proximity to such
statements and which could cause actual results to differ  materially from those
anticipated as of the date of this report. Shareholders, potential investors and
other  readers  are  urged  to  consider   these   factors  in  evaluating   the
forward-looking statements and are cautioned not to place undue reliance on such
forward-looking  statements.  The forward-looking statements included herein are
only made as of the date of this report and the Company undertakes no obligation
to publicly update such forward-looking  statements to reflect subsequent events
or circumstances.

GENERAL:

HFB Financial Corporation, a Tennessee Corporation, was formed in September 1992
at the direction of Home Federal Bank,  Federal  Savings Bank for the purpose of
becoming a holding company for the Bank as part of its conversion from mutual to
stock form.  The  Company's  primary  operation is its  investment in the common
stock of the Bank.

The Bank is principally  engaged in the business of accepting  deposits from the
general public and originating permanent loans, which are secured by one-to-four
family  residential  properties  located  in its  market  area.  The  Bank  also
originates  consumer  loans and  commercial  real estate loans,  and maintains a
substantial   investment  portfolio  of  mortgage-backed  and  other  investment
securities.  During the quarter ended December 31, 2001, the Bank converted from
a federal thrift  charter to a state  chartered  commercial  bank as a means for
management to focus more on commercial lending and other activities  permissible
for commercial banks.

The operations of Home Federal are significantly  influenced by general economic
conditions  and the  monetary  and  fiscal  policies  of  government  regulatory
agencies.  Deposit flows and costs of funds are  influenced by interest rates on
competing   investments  and  prevailing  market  rates  of  interest.   Lending
activities  are affected by the demand for financing real estate and other types
of loans,  which in turn are  influenced  by the  interest  rates at which  such
financing  may be  offered  and other  factors  related  to loan  demand and the
availability of funds.

FINANCIAL CONDITION

The  Corporation's  assets increased by 2.76% to $253.0 million at September 30,
2002 compared to $246.2  million at June 30, 2002. The majority of this increase
is reflected in increases in loans.  These increases were financed  primarily by
increases in short-term  borrowings,  long-term borrowings and decreases in cash
and cash equivalents.

Cash and cash equivalents  decreased $295,000 to $4.930 million at September 30,
2002  compared to $5.225  million at June 30,  2002.  This  decrease  provided a
portion of the funding used for increases in the loan and investment portfolios.

                                       8
<PAGE>

Investment securities, available for sale, increased $142,000 to $74.779 million
at  September  30, 2002 from $74.637  million at June 30, 2002  primarily as the
result of funding available from a decrease in cash and cash equivalents.

Loans,  net,  increased by $7.6 million to $162.0  million at September 30, 2002
from  $154.4  million  at June 30,  2002 as the result of  continued  1-4 family
mortgage loan demand and an increase in commercial real estate loans.  Since the
Banks  conversion to a commercial  bank,  Management  has focused on originating
commercial real estate loans.

At September 30, 2002,  the allowance for loan losses was $1.100 million or .67%
of loans receivable compared to $975,000 or .63% of loans receivable at June 30,
2002.

Assets held for sale  decreased  $603,000 to $957,000 at September 30, 2002 from
$1.560  million at June 30,  2002,  due to the sale of  several  parcels of real
estate acquired through foreclosure.

Total deposits decreased by $1.3 million to $200.0 million at September 30, 2002
from $201.3  million at June 30, 2002.  During the three months ended  September
30, 2002,  certificates  of deposit  decreased $3.9 million and NOW accounts and
savings deposits  increased $2.6 million.  Competition for deposits in the local
market has increased  considerably  over the last quarter due to increased  loan
demand in the Banks' market area.

At September 30, 2002, the bank met all regulatory requirements.  Tier I capital
to averaged  assets was 8.3%. tier I capital to  risk-weighted  assets was 14.7%
and total  capital to  risk-weighted  assets  was 15.5% at  September  30,  2002
compared to 8.2%, 14.8% and 15.6%, respectively, at June 30, 2002.

RESULTS OF OPERATIONS FOR THE THREE-MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

Net income  increased by $240,000 to $564,000 for the  three-month  period ended
September 30, 2002 from $324,000 for the three-month  period ended September 30,
2001.  The primary  reasons  for the  increase  were a $774,000  increase in net
interest  income and a $61,000  increase  in other  income  offset by a $400,000
increase in other expense,  a $91,000  increase in the provision for loan losses
and a $104,000 increase in income tax expense.

Interest income increased by $185,000 for the three-month period ended September
30,  2002 as  compared to the  three-month  period  ended  September  30,  2001,
primarily a result of a higher volume of average earning assets during the three
months ended September 30, 2002.

Interest on loans  increased by $145,000 to $3.072  million for the  three-month
period  ended  September  30,  2002  as  compared  to  $2.927  million  for  the
three-month   period  ended   September  30,  2001.   This  increase  is  mainly
attributable  to a higher average balance of loans during the three months ended
September 30, 2002 even though the weighted-average yield was lower than that of
the quarter ended September 30, 2001.

Interest  on  investment  securities  and other  dividend  income  increased  by
$123,000 to $1.019 million for the  three-month  period ended September 30, 2002
from $896,000 for the three-month period ended September 30, 2001. This increase
is primarily the result of a higher average  balance of  investments  during the
three months ended September 30, 2002. The weighted average yield on investments
during the same period was lower than that of the three months  ended  September
30, 2001.

Interest on deposits with other financial  institutions  decreased by $81,000 to
$5,000 for the three-month  period ended September 30, 2002 from $86,000 for the
three-month  period ended  September 30, 2001  primarily due to a lower level of
interest-bearing deposits with financial institutions as well as lower yields.

Interest  expense on deposits  decreased  by  $700,000  to $1.5  million for the
three-month   period  ended  September  30,  2002  from  $2.2  million  for  the
three-month period ended September 30, 2001 as a result of a significant drop in
rates paid on deposit  accounts.  For the three months ended September 30, 2002,
the weighted-average cost of deposits was 3.01% on an average deposit balance of
$200.4 million  compared to 4.77% on average  deposits of $182.7 million for the
three months ended September 30, 2001.

                                       9
<PAGE>

Interest  expense on  long-term  debt  increased  by $80,000 to $251,000 for the
three-month  period ended  September 30, 2002 from $171,000 for the  three-month
period ended  September  30, 2001,  primarily due to a higher level of long-term
debt outstanding during the three months ended September 30, 2002.

The provision for loan losses increased $91,000 for the three-month period ended
September 30, 2002 as compared to the same period in 2001. The provision was the
result of  management's  evaluation  of the adequacy of the  allowance  for loan
losses including  consideration  of recoveries of loans previously  charged off,
the  perceived  risk  exposure  among  loan  types,   actual  loss   experience,
delinquency  rates,  and current economic  conditions.  The Bank's allowance for
loan losses as a percent of total loans at September 30, 2002 was 0.67%.

Non-interest  income increased by $61,000 to $276,000 for the three-month period
ended  September  30, 2002 as compared to $215,000  for the same period in 2001.
The increase  was  primarily  attributable  to an increase of $43,000 in service
charges  on  deposits,  an  increase  of  $4,000 in other  customer  fees and an
increase of $29,000 in other income offset by a net decrease of $15,000 in gains
on trading  account  securities  and realized  gains and losses on available for
sale  securities.  The increase of $29,000 in other income was  primarily due to
earnings from the increase in cash surrender value of life insurance.

Non-interest expense increased by $400,000 to $1.664 million for the three-month
period  ended  September  30, 2002 as  compared  to $1.264  million for the same
period in 2001.

Compensation and benefits  increased by $268,000 to $882,000 for the three-month
period ended  September  30, 2002 as compared to $614,000  for the  three-months
ended  September  30,  2001  primarily  as the  result  of annual  increases  in
salaries,  wages and commissions  and a $36,000  increase in the cost of funding
the Banks retirement plan. In addition,  the Banks staffing was increased due to
growth.  At September 30, 2002, the Bank had 67 full time  equivalent  employees
compared to 60 at September 30, 2001.

Equipment  expense  decreased by $4,000 to $111,000 for the  three-months  ended
September 30, 2002 from $115,000 for the three  months-ended  September 30, 2001
primarily due to a decrease in depreciation expense.

Legal and professional fees increased by $43,000 to $102,000 for the three-month
period ended  September 30, 2002 from $59,000 for the  three-month  period ended
September 30, 2001 primarily due to a higher level of consulting  fees and legal
services utilized in the three-months ended September 30, 2002.

Advertising  expense  increased  by  $6,000 to  $66,000  for the  quarter  ended
September 30, 2002 compared to $60,000 for the quarter ended  September 30, 2001
primarily due to a higher level of advertising activity in the current period.

State deposit and franchise taxes decreased by $36,000 to $8,000 for the quarter
ended September 30, 2002 compared to $44,000 for the quarter ended September 30,
2001. As a result of the Banks recent  conversion  from a thrift to a commercial
bank,  franchise  taxes were over  accrued.  This was due to a difference in the
timing of tax assessment dates between thrifts and commercial banks.

Other  expenses  increased  by $119,000 to $339,000 for the  three-month  period
ended  September  30,  2002  from  $220,000  for the  three-month  period  ended
September  30, 2001,  primarily due to $94,000 in expenses  associated  with the
acquisition and sale of other real estate owned.

Income tax expense increased by $104,000 to $254,000 for the three-month  period
ended  September  30,  2002  compared  to $150,000  for the  three-months  ended
September 30, 2001 due a higher level of taxable income.

                                       10
<PAGE>

                            HFB FINANCIAL CORPORATION

                                     PART II

                                OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS

         None

ITEM 2.  CHANGES IN SECURITIES

         None

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None

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

         No  matters  were  submitted to a vote of Security  Holders  during the
         quarter ended September30, 2002.

ITEM 5.  OTHER INFORMATION

         None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

           a.   Exhibits

                None

           b.   Reports on Form 8-K

                None

                                       11
<PAGE>

                            HFB FINANCIAL CORPORATION

                                   Signatures

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



                                            HFB FINANCIAL CORPORATION

                                              By:  /s/ David B. Cook
                                                   ----------------------------
                                                       David B. Cook
                                                       President and
                                                       Chief Executive Officer

                                              By:  /s/ Stanley Alexander, Jr.
                                                   ----------------------------
                                                       Stanley Alexander, Jr.
                                                       Chief Financial Officer

Dated:   November 7, 2002

                                       12
<PAGE>
                             10-K 302 CERTIFICATION
I, David B. Cook certify that:

1.   I  have  reviewed  this  annual  report  on  Form  10-K  of  HFB  Financial
     Corporation;

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

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

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

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

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

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

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

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

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

6.   The  registrant's  other  certifying  officers and I have indicated in this
     annual report whether there were significant  changes in internal  controls
     or in other  factors  that could  significantly  affect  internal  controls
     subsequent  to the  date  of our  most  recent  evaluation,  including  any
     corrective  actions with regard to  significant  deficiencies  and material
     weaknesses.

Date:   November 7, 2002                     /s/ David B. Cook
                                             -----------------------------------
                                             Signature

                                             President & Chief Executive Officer
                                             -----------------------------------
                                             Title

                                       13
<PAGE>
                             10-Q 302 CERTIFICATION
I, Stanley Alexander, Jr. certify that:
1)   I have  reviewed  this  quarterly  report  on Form  10-Q  of HFB  Financial
     Corporation;

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

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

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

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

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

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

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

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

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

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

Date:   November 7, 2002                  /s/ Stanley Alexander, Jr.
                                          ------------------------------------
                                          Signature

                                          Chief Financial Officer
                                          ------------------------------------
                                          Title

                                       14