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: June 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 July 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
                           June 30, 2001 and December 31, 2000..................................3

                  Consolidated Statements of Operations
                           Six Months and Three Months Ended
                           June 30, 2001 and 2000...............................................5

                  Consolidated Statements of Cash Flows
                           Six Months Ended June 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

                                                         June 30, 2001    December 31, 2000
                                                         -------------    -----------------
                                                          (Unaudited)
<S>                                                         <C>               <C>
Cash and cash equivalents                                   $4,234,180        $4,680,993

Receivables - other, net                                            --             7,173

Investments:
     Marketable securities                                      28,043            35,134
     Real estate and other investments                         205,572           316,751
                                                            ----------        ----------

         Total investments                                     233,615           351,885
                                                            ----------        ----------

Other assets:
     Property, plant and equipment - net                         6,068             7,106
     Deferred tax asset - net of valuation allowance            19,290            19,290
     Other assets                                                7,828            25,188
                                                            ----------        ----------

         Total other assets                                     33,186            51,584
                                                            ----------        ----------

TOTAL ASSETS                                                $4,500,981        $5,091,635
                                                            ==========        ==========
</TABLE>









                                      -3-
<PAGE>


FIRSTMARK CORP. AND SUBSIDIARIES

Consolidated Balance Sheets
<TABLE>
<CAPTION>
============================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

                                                         June 30, 2001     December 31, 2000
                                                         -------------     -----------------
                                                          (Unaudited)
<S>                                                       <C>                  <C>
LIABILITIES:
     Accounts payable and other liabilities               $     62,015         $     69,717
     Deferred tax liability                                     19,290               19,290
                                                          ------------         ------------

         Total liabilities                                      81,305               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)                            (8,901,506)          (8,798,918)
     Treasury stock, at cost - 159,387 shares                 (589,513)            (589,513)
     Net accumulated comprehensive income (loss) -
       net of taxes                                            (19,557)             (16,193)
                                                          ------------         ------------

         Total stockholders' equity                          4,419,676            5,002,628
                                                          ------------         ------------

TOTAL LIABILITIES AND
     STOCKHOLDERS' EQUITY                                 $  4,500,981         $  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>
============================================================================================================================

                                                                       Six Months Ended               Three Months Ended
                                                                           June 30,                         June 30,
                                                                           --------                         --------
                                                                      2001           2000             2001            2000
                                                                      ----           ----             ----            ----
<S>                                                               <C>             <C>             <C>             <C>
REVENUES
    Interest and dividends                                        $   108,523     $   151,741     $    45,492     $    69,802
    Investment gains, net                                              30,617          25,097           6,097           1,145
                                                                  -----------     -----------     -----------     -----------

          Total revenues                                              139,140         176,838          51,589          70,947
                                                                  -----------     -----------     -----------     -----------

EXPENSES
    Write-offs of loans and investments                                69,518              --          69,518              --
    General and administrative expenses                               119,710         180,917          65,145          90,992
                                                                  -----------     -----------     -----------     -----------
         Total expenses                                               189,228         180,917         134,663          90,992
                                                                  -----------     -----------     -----------     -----------

         Loss before  income taxes                                    (50,088)         (4,079)        (83,074)        (20,045)

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

NET LOSS                                                              (50,088)         (4,079)        (83,074)        (20,045)

PREFERRED STOCK DIVIDEND                                               52,500          64,200          21,300          32,100
                                                                  -----------     -----------     -----------     -----------

NET LOSS APPLICABLE TO COMMON SHARES                                 (102,588)        (68,279)       (104,374)        (52,145)
                                                                  -----------     -----------     -----------     -----------

Other comprehensive income (loss) - net of tax
       Unrealized holding gains (losses) arising during period          4,097         (42,572)          1,534         (32,820)
       Less: Reclassification adjustment for gains included
               in net loss                                             (7,461)             --              --              --
                                                                  ===========     ===========     ===========     ===========

Other comprehensive income (loss)                                      (3,364)        (42,572)          1,534         (32,820)
                                                                  ===========     ===========     ===========     ===========

COMPREHENSIVE LOSS APPLICABLE TO COMMON
SHARES                                                            $  (105,952)    $  (110,851)    $  (102,840)    $   (84,965)
                                                                  ===========     ===========     ===========     ===========

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

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

Weighted - average number of shares outstanding                     5,342,043       5,322,043       5,342,043       5,322,043
                                                                  ===========     ===========     ===========     ===========
</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>
===================================================================================================

                                                                           Six Months Ended
                                                                                June 30,
                                                                                --------
                                                                       2001                  2000
                                                                       ----                  ----
<S>                                                                <C>                 <C>
OPERATING ACTIVITIES
     Net loss                                                      $   (50,088)        $    (4,079)
     Adjustments to reconcile net loss to net cash provided
       (used) by operating activities
         Depreciation and amortization                                   1,038               1,038
         Write-offs of loans and investments                            69,518                  --
         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                                          1,732             (11,426)
         Changes in assets and liabilities:
           Decrease in:
              Accounts receivable                                        7,173             179,303
              Other assets                                              17,360              16,989
           Decrease in:
              Accounts payable and other liabilities                    (7,702)            (53,153)
                                                                   -----------         -----------

         Net cash provided by operating activities                       8,414             104,598
                                                                   -----------         -----------

Cash flows from Investing Activities
     Increase in real estate investments                                (7,116)             (7,058)
     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                      74,273             162,266
                                                                   -----------         -----------

Cash flows from Financing Activities
     Preferred stock dividends                                         (52,500)            (64,200)
     Purchase of preferred stock                                      (477,000)                 --
                                                                   -----------         -----------

         Net cash used by financing activities                        (529,500)            (64,200)
                                                                   -----------         -----------

Net change in cash and cash equivalents                               (446,813)            202,664

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

Cash and cash equivalents, end of period                           $ 4,234,180         $ 4,744,008
                                                                   ===========         ===========

</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 six months ended June 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

                         Six Months Ended June 30, 2001
                 Compared to the Six Months Ended June 30, 2000
                 ----------------------------------------------

         Interest and dividends  revenue amounted to  approximately  $109,000 in
the six months  ended June 30, 2001 as  compared  to $152,000 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 six months ended June 30, 2001 and 2000, respectively.

         General and administrative  expenses decreased by approximately $61,000
during the six months ended June 30, 2001 compared to the comparable  prior year
period.  This  decrease is  primarily  the result of lower legal  ($40,000)  and
accounting  ($21,000) fees in the current year period.  The Company  recorded an
additional provision of approximately  $70,000 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 June 30, 2001
                Compared to the Three Months Ended June 30, 2000
                ------------------------------------------------

         Interest and dividends revenue amounted to approximately $45,000 in the
current quarter compared to $70,000 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



                                      -8-
<PAGE>

year quarter.  Net investment gains relating to sales of real estate investments
amounted to approximately $6,000 and $1,000 for the quarters ended June 30, 2001
and 2000, respectively.

         General and administrative  expenses decreased by approximately $26,000
during the current quarter compared to the prior year quarter.  This decrease is
primarily the result of lower legal fees ($37,000),  which were partially offset
by a net increase in other fees and expenses. The Company recorded an additional
provision  of  approximately  $70,000 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.

Liquidity and Capital Resources

         At June 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.

         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.



                                      -9-
<PAGE>

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

             Reference is made to the disclosures in Item 3, Legal  Proceedings,
             of the Form 10-KSB for a description of the Company's pending legal
             proceedings.  There have been no additional  material  developments
             with respect to these proceedings.

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

                    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:  August 14, 2001                     /s/ Donald V. Cruickshanks
                                           -------------------------------------
                                           Donald V. Cruickshanks
                                           President and Chief Executive Officer



Date:  August 14, 2001                     /s/ Ronald C. Britt
                                           -------------------------------------
                                           Ronald C. Britt
                                           Chief Financial Officer