SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

               For the quarterly period ended: September 30, 2001

                         Commission File Number: 0-20806

                                 FIRSTMARK CORP.
        (Exact Name of Small Business Issuer as Specified in its Charter)


              Maine                                      01-0389195
  (State or Other Jurisdiction              (I.R.S. Employer Identification No.)
of Incorporation or Organization)

                                  P.O. Box 1398
                            Richmond, Virginia 23218
                    (Address of Principal Executive Offices)

                                 (804) 648-9048
                (Issuer's Telephone Number, Including Area Code)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                                                         Yes  __X__    No  _____

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

          5,342,043 shares of common stock, par value $0.20 per share,
                       outstanding as of October 31, 2001



<PAGE>


                                 FIRSTMARK CORP.

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                                     Page No.
<S>                                                                                     <C>
Part I.   Financial Information

       Item 1.  Financial Statements

                Consolidated Balance Sheets
                     September 30, 2001 and December 31, 2000............................3

                Consolidated Statements of Operations
                     Nine Months and Three Months Ended
                     September 30, 2001 and 2000.........................................5

                Consolidated Statements of Cash Flows
                     Nine Months Ended September 30, 2001 and 2000.......................6

                Notes to Consolidated Financial Statements...............................7

       Item 2.  Management's Discussion and Analysis of Financial Condition
                     and Results of Operations...........................................8


Part II.  Other Information

       Item 1.  Legal Proceedings.......................................................11

       Item 2.  Changes in Securities and Use of Proceeds...............................11

       Item 3.  Defaults Upon Senior Securities.........................................11

       Item 4.  Submission of Matters to a Vote of Security Holders.....................11

       Item 5.  Other Information.......................................................11

       Item 6.  Exhibits and Reports on Form 8-K........................................11

</TABLE>






                                      -2-
<PAGE>

                         PART I -- FINANCIAL INFORMATION

Item 1.      Financial Statements

FIRSTMARK CORP. AND SUBSIDIARIES

Consolidated Balance Sheets

================================================================================
<TABLE>
<CAPTION>
ASSETS

                                                       September 30, 2001  December 31, 2000
                                                       ------------------  -----------------
                                                          (Unaudited)
<S>                                                         <C>                <C>
Cash and cash equivalents                                   $4,194,546         $4,680,993

Receivables - other, net                                            --              7,173

Investments:
     Marketable securities                                      22,128             35,134
     Real estate and other investments                         202,326            316,751
                                                            ----------         ----------

         Total investments                                     224,454            351,885
                                                            ----------         ----------

Other assets:
     Property, plant and equipment - net                         5,548              7,106
     Deferred tax asset - net of valuation allowance            19,290             19,290
     Other assets                                                7,046             25,188
                                                            ----------         ----------

         Total other assets                                     31,884             51,584
                                                            ----------         ----------

TOTAL ASSETS                                                $4,450,884         $5,091,635
                                                            ==========         ==========
</TABLE>










                                      -3-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Consolidated Balance Sheets

================================================================================
<TABLE>
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY

                                                      September 30, 2001   December 31, 2000
                                                      ------------------   -----------------
                                                         (Unaudited)
<S>                                                       <C>                 <C>
LIABILITIES:
     Accounts payable and other liabilities               $    58,516         $    69,717
     Deferred tax liability                                    19,290              19,290
                                                          -----------         -----------

         Total liabilities                                     77,806              89,007
                                                          -----------         -----------


STOCKHOLDERS' EQUITY:
     Preferred stock, Series A, $0.20 par value -
       authorized 250,000 shares; issued:
       2001 - 35,500 shares, 2000 - 52,500 shares
       (liquidation preference: 2001 - $1,420,000,
       2000 - $2,100,000)                                       7,100              10,500
     Common stock, $0.20 par value - authorized
       30,000,000 shares; issued 5,501,430 shares           1,100,286           1,100,286
     Additional paid-in capital - preferred                 1,524,689           1,998,289
     Additional paid-in capital - common                   11,298,177          11,298,177
     Retained earnings (deficit)                           (8,944,200)         (8,798,918)
     Treasury stock, at cost - 159,387 shares                (589,513)           (589,513)
     Net accumulated comprehensive income (loss) -
       net of taxes                                           (23,461)            (16,193)
                                                          -----------         -----------

         Total stockholders' equity                         4,373,078           5,002,628
                                                          -----------         -----------

TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY                                 $ 4,450,884         $ 5,091,635
                                                          ===========         ===========
</TABLE>


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









                                      -4-
<PAGE>

FIRSTMARK CORP. AND SUBSIDIARIES

Consolidated Statements of Operations (Unaudited)

================================================================================
<TABLE>
<CAPTION>
                                                                        Nine Months Ended             Three Months Ended
                                                                          September 30,                  September 30,
                                                                          -------------                  -------------
                                                                      2001            2000            2001            2000
                                                                      ----            ----            ----            ----
<S>                                                               <C>             <C>             <C>             <C>
REVENUES
        Interest and dividends                                    $   144,204     $   238,050     $    35,680     $    86,309
        Investment gains, net                                          30,617          25,141              --              44
                                                                  -----------     -----------     -----------     -----------

          Total revenues                                              174,821         263,191          35,680          86,353
                                                                  -----------     -----------     -----------     -----------

EXPENSES
        Write-offs of loans and investments                            75,515              --           5,997              --
        General and administrative expenses                           170,789         269,013          51,078          88,096
                                                                  -----------     -----------     -----------     -----------

         Total expenses                                               246,304         269,013          57,075          88,096
                                                                  -----------     -----------     -----------     -----------

         Loss before  income taxes                                    (71,483)         (5,822)        (21,395)         (1,743)

INCOME TAX (BENEFIT) EXPENSE                                               --              --              --              --
                                                                  -----------     -----------     -----------     -----------

NET LOSS                                                              (71,483)         (5,822)        (21,395)         (1,743)

PREFERRED STOCK DIVIDEND                                               73,800          96,300          21,300          32,100
                                                                  -----------     -----------     -----------     -----------

NET LOSS APPLICABLE TO COMMON SHARES                                 (145,283)       (102,122)        (42,695)        (33,843)
                                                                  -----------     -----------     -----------     -----------

Other comprehensive income (loss) - net of tax
       Unrealized holding gains (losses) arising during period            193          (2,296)         (3,904)        (11,088)
       Less: Reclassification adjustment for gains included
                     in net loss                                       (7,461)             --              --              --
                                                                  ===========     ===========     ===========     ===========

Other comprehensive income (loss)                                      (7,268)         (2,296)         (3,904)        (11,088)
                                                                  ===========     ===========     ===========     ===========

COMPREHENSIVE LOSS APPLICABLE TO COMMON SHARES                    $  (152,551)    $  (104,418)    $   (46,599)    $   (44,931)
                                                                  ===========     ===========     ===========     ===========

Basic and diluted loss per common share:
    Net loss per common share                                     $     (0.03)    $     (0.02)    $     (0.01)    $     (0.01)
                                                                  ===========     ===========     ===========     ===========

   Comprehensive loss applicable to common shares                 $     (0.03)    $     (0.02)    $     (0.01)    $     (0.01)
                                                                  ===========     ===========     ===========     ===========

Weighted - average number of shares outstanding                     5,342,043       5,324,525       5,342,043       5,329,434
                                                                  ===========     ===========     ===========     ===========
</TABLE>



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


                                      -5-
<PAGE>


FIRSTMARK CORP. AND SUBSIDIARIES

Consolidated Statements of Cash Flows (Unaudited)

================================================================================
<TABLE>
<CAPTION>
                                                                           Nine Months Ended
                                                                              September 30,
                                                                              -------------
                                                                         2001               2000
                                                                         ----               ----
<S>                                                                  <C>               <C>
OPERATING ACTIVITIES
     Net loss                                                        $   (71,483)      $    (5,822)
     Adjustments to reconcile net loss to net cash provided
       (used) by operating activities
         Depreciation and amortization                                     1,558             1,557
         Write-offs of loans and investments                              75,515                --
         Gain on sale of marketable securities                           (24,520)               --
         Gain on sale of venture capital investments                          --           (25,000)
         Net (gain) loss on sale of real estate investments               (6,097)              926
         Other non-cash changes                                            3,743             3,507
         Changes in assets and liabilities:
           Decrease in:
              Accounts receivable                                          7,173           179,303
              Other assets                                                18,142            20,739
           Decrease in:
              Accounts payable and other liabilities                     (11,201)          (49,919)
                                                                     -----------       -----------

         Net cash provided by operating activities                        (7,170)          125,291
                                                                     -----------       -----------

Cash flows from Investing Activities
     Increase in real estate investments                                  (9,866)           (9,808)
     Proceeds from sale of marketable securities                          26,515                --
     Proceeds from sale of venture capital investments                        --            75,000
     Proceeds from sale of real estate investments                        54,874            94,324
                                                                     -----------       -----------

         Net cash provided by investing activities                        71,523           159,516
                                                                     -----------       -----------

Cash flows from Financing Activities
     Preferred stock dividends                                           (73,800)          (96,300)
     Purchase of preferred stock                                        (477,000)               --
                                                                     -----------       -----------

         Net cash used by financing activities                          (550,800)          (96,300)
                                                                     -----------       -----------

Net change in cash and cash equivalents                                 (486,447)          188,507

Cash and cash equivalents, beginning of period                         4,680,993         4,541,344
                                                                     -----------       -----------

Cash and cash equivalents, end of period                             $ 4,194,546       $ 4,729,851
                                                                     ===========       ===========
</TABLE>


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


                                      -6-
<PAGE>


FIRSTMARK CORP. AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Unaudited)

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

BASIS OF PRESENTATION

1.       The accompanying unaudited consolidated financial statements, which are
         for interim  periods,  do not include all  disclosures  provided in the
         annual consolidated financial statements.  These unaudited consolidated
         financial   statements   should  be  read  in   conjunction   with  the
         consolidated  financial  statements and the footnotes thereto contained
         in the Annual  Report on Form  10-KSB for the year ended  December  31,
         2000 of Firstmark Corp. (the  "Company"),  as filed with the Securities
         and  Exchange  Commission.  The  December  31, 2000  balance  sheet was
         derived from the audited consolidated  financial  statements,  but does
         not include all disclosures  required by generally accepted  accounting
         principles.

2.       In the opinion of the Company, the accompanying  unaudited consolidated
         financial  statements  contain all  adjustments  (which are of a normal
         recurring  nature)  necessary for a fair  presentation of the financial
         statements.  The  results  of  operations  for the  nine  months  ended
         September 30, 2001 are not necessarily  indicative of the results to be
         expected for the full year.

3.       Earnings (Loss) Per Common Share

         Basic EPS is computed by dividing net income,  less required  dividends
         on redeemable preferred stock, by the weighted average number of common
         shares  outstanding  during the year. Diluted EPS is computed using the
         weighted average number of common shares  outstanding  during the year,
         including the dilutive effect of all potential common shares.

4.       Reclassifications

         Certain reclassifications have been made in the accompanying statements
         to permit comparison.






                                      -7-
<PAGE>

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

General

         Firstmark Corp.  (the  "Company") was  incorporated in Maine on October
28,  1982.  Until  March 5, 1999,  the Company  was  principally  engaged in the
business  of  issuing  title  insurance  through a  subsidiary,  Southern  Title
Insurance  Corporation  ("STIC").  Until  January 24,  1997,  the  Company  also
actively  traded  public  stocks  and bonds and  provided  financial  consulting
services to a select number of individuals and institutions.

         On March 5, 1999,  the  Company  sold  Investors  Southern  Corporation
("ISC") and its subsidiaries, including STIC, to Old Guard Group, Inc. for $6.75
million  in cash and a three year  earn-out  in cash  based on the  pre-tax  net
income of ISC and its subsidiaries, including STIC, for each of the fiscal years
ending December 31, 1999, 2000 and 2001. A complete  discussion of the Company's
business is  contained in Item 1,  Description  of  Business,  of the  Company's
Annual Report on Form 10-KSB (the "Form 10-KSB"),  filed with the Securities and
Exchange Commission on April 5, 2001.

Results of Operations

                      Nine Months Ended September 30, 2001
              Compared to the Nine Months Ended September 30, 2000
              ----------------------------------------------------

         Interest and dividends  revenue amounted to  approximately  $144,000 in
the nine  months  ended  September  30,  2001 as  compared  to  $238,000  in the
comparable  period of the prior year.  This decrease  results from investment of
lesser  amounts at lower rates during the current year period as compared to the
prior  year  period.  Net  investment  gains  relating  to sales  of  marketable
securities,   venture   capital   and  real  estate   investments   amounted  to
approximately  $31,000 and $25,000 for the nine months ended  September 30, 2001
and 2000, respectively.

         General and administrative  expenses decreased by approximately $98,000
during the nine months ended September 30, 2001 compared to the comparable prior
year period.  This decrease is primarily the result of lower legal ($68,000) and
accounting  ($19,000) fees in the current year period.  The Company  recorded an
additional provision of approximately  $76,000 in the current year to reduce the
carrying  value of its  investment  in certain  real  estate to reflect  current
market  conditions.  There were no  write-offs of loans and  investments  in the
prior year period.

                      Three Months Ended September 30, 2001
              Compared to the Three Months Ended September 30, 2000
              -----------------------------------------------------

         Interest and dividends revenue amounted to approximately $36,000 in the
current quarter compared to $86,000 in the comparable quarter of the prior year.
This decrease  results from  investment of lesser  amounts at lower rates during
the current year quarter compared to the prior year quarter.



                                      -8-
<PAGE>

         General and administrative  expenses decreased by approximately $37,000
during the current quarter compared to the prior year quarter.  This decrease is
primarily  the result of lower legal fees  ($29,000) in the current year period.
The Company  recorded an  additional  provision of  approximately  $6,000 in the
current year period to reduce the carrying  value of its  investment  in certain
real estate to reflect its net  realizable  value.  There were no  write-offs of
loans and investments in the prior year period.

Liquidity and Capital Resources

         At September 30, 2001, the Company's cash and cash equivalents amounted
to  approximately  $4.2 million,  which is expected to exceed its obligations as
they become due.  During the first quarter of 2001, the Company  redeemed 17,000
shares of its Series A Preferred Stock.

Recent Accounting Pronouncements

         Statement  of   Financial   Accounting   Standards   ("FAS")  No.  133,
"Accounting for Derivative Instruments and Hedging Activities," is effective for
all fiscal  years  beginning  after June 15,  2000.  FAS No.  133,  as  amended,
establishes  accounting  and  reporting  standards for  derivative  instruments,
including certain derivative  instruments  embedded in other contracts,  and for
hedging activities.  Under FAS No. 133, certain contracts that were not formerly
considered  derivatives  may now meet the definition of derivative.  The Company
adopted FAS No. 133 effective  January 1, 2001.  The adoption of FAS No. 133 did
not have a significant impact on the financial position, results of operation or
cash flows of the Company.

         In July 2001, the Financial  Accounting Standards Board ("FASB") issued
FAS No. 141,  "Business  Combinations."  FAS 141 requires the purchase method of
accounting  for  business  combinations   initiated  after  June  30,  2001  and
eliminates the  pooling-of-interests  method.  In July 2001, the FASB issued FAS
No. 142, "Goodwill and Other Intangible  Assets",  which is effective January 1,
2002.  FAS 142 requires,  among other  things,  the  discontinuance  of goodwill
amortization.   In  addition,   the  standard   includes   provisions   for  the
reclassification  of  certain  existing  recognized   intangibles  as  goodwill,
reassessment   of  the  useful   lives  of  existing   recognized   intangibles,
reclassification  of certain intangibles out of previously reported goodwill and
the identification of reporting units for purposes of assessing potential future
impairments  of  goodwill.  FAS 142 also  requires  the  Company  to  complete a
transitional  goodwill  impairment  test six months  from the date of  adoption.
Management's assessment is that these Statements will not have a material effect
on the Company's financial position or results of operations.

         In June  2001,  the FASB  issued  FAS No.  143,  "Accounting  for Asset
Retirement  Obligations." FAS 143 addresses  financial  accounting and reporting
for obligations associated with the retirement of tangible long-lived assets and
the associated  asset  retirement  costs.  FAS 143 is effective for fiscal years
beginning  after June 15, 2002.  The Company is in the process of evaluating the
impact of implementing FAS 143.



                                      -9-
<PAGE>

         In August  2001,  the FASB  issued  FAS No.  144,  "Accounting  for the
Impairment of Long-Lived  Assets" which supersedes FAS No. 121,  "Accounting for
the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of"
and the  accounting  and  reporting  provisions  of APB No. 30,  "Reporting  the
Results  of  Operations-Reporting  and  Effects  of  Disposal  of a Segment of a
Business,  and  Extraordinary,  Unusual and  Infrequently  Occurring  Events and
Transactions"  for the  disposal of a segment of  business.  This  Statement  is
effective  for fiscal years  beginning  after  December  15,  2001.  FAS No. 144
retains  many  of  the  provisions  of  FAS  No.  121,  but  addresses   certain
implementation  issues associated with that Statement.  The Company is currently
evaluating the impact of implementing FAS No. 142.

         Reference is made to the disclosures included under the heading "Recent
Accounting  Pronouncements"  in Item 6, Management's  Discussion and Analysis of
Financial Condition and Results of Operations, of the Form 10-KSB.

Forward-Looking Statements

         Certain  statements  in this  report  may  constitute  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995.  Although the Company  believes that its  expectations  with respect to
certain forward-looking  statements are based upon reasonable assumptions within
the bounds of its business and operations, there can be no assurance that actual
results,  performance or achievements of the Company will not differ  materially
from any future  results,  performance or  achievements  expressed or implied by
such forward-looking statements.

















                                      -10-
<PAGE>

                           PART II - OTHER INFORMATION

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

             As previously  reported in the Form 10-KSB,  the Company filed
             in March 2000 an application  with the Securities and Exchange
             Commission  ("Commission")  for an order exempting it from all
             provisions of the  Investment  Company Act of 1940, as amended
             (the "1940 Act"). The Commission  issued an order granting the
             Company's  application  on October 31, 2001. The order exempts
             the  Company  from all  provisions  of the 1940 Act  until the
             earlier of one year from October 31, 2001 or the date that the
             Company no longer may be deemed to be an investment company.

Item 6.      Exhibits and Reports on Form 8-K

             (a)      Exhibits

                      None.

             (b)      Reports on Form 8-K

                      None.






                                      -11-
<PAGE>

                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                           FIRSTMARK CORP.



Date:  November 13, 2001                   /s/ Donald V. Cruickshanks
                                           -------------------------------------
                                           Donald V. Cruickshanks
                                           President and Chief Executive Officer



Date:  November 13, 2001                   /s/ Ronald C. Britt
                                           -------------------------------------
                                           Ronald C. Britt
                                           Chief Financial Officer