<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

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

         For the quarterly period ended June 30, 2001

                                       or

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

         For the transition period from __________________ to __________________


                         COMMISSION FILE NUMBER 0-20006


                          ANCHOR BANCORP WISCONSIN INC.
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)




                Wisconsin                                   39-1726871
     -------------------------------           ---------------------------------
     (State or other jurisdiction of           (IRS Employer Identification No.)
     incorporation or organization)

         25 West Main Street
         Madison, Wisconsin                                   53703
---------------------------------------                     ---------
(Address of principal executive office)                     (Zip Code)



                                 (608) 252-8700
               --------------------------------------------------
               Registrant's telephone number, including area code

                                 Not Applicable
              -----------------------------------------------------
              (Former name, former address, and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

Yes [ X ]     No [   ]

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

                      Class: Common stock -- $.10 Par Value


          Number of shares outstanding as of July 31, 2001: 22,618,417


<PAGE>   2



                          ANCHOR BANCORP WISCONSIN INC.
                                INDEX - FORM 10-Q


<TABLE>
<S>                                                                                                      <C>
PART I - FINANCIAL INFORMATION                                                                            PAGE #
                                                                                                          ------

         Item 1       Financial Statements (Unaudited)

                              Consolidated Balance Sheets as of June 30, 2001
                              and March 31, 2001                                                              2

                              Consolidated Statements of Income for the Three
                              Months Ended June 30, 2001 and 2000                                             3

                              Consolidated Statements of Cash Flows for the Three Months
                              Ended June 30, 2001 and 2000                                                    4

                              Notes to Unaudited Consolidated Financial Statements                            6

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

                              Results of Operations                                                           9

                              Financial Condition                                                            13

                              Asset Quality                                                                  14

                              Liquidity & Capital Resources                                                  16

                              Asset/Liability Management                                                     18

         Item 3       Quantitative and Qualitative Disclosures About Market Risk                             19


PART II - OTHER INFORMATION

         Item 1       Legal Proceedings                                                                      19
         Item 2       Changes in Securities                                                                  19
         Item 3       Defaults upon Senior Securities                                                        19
         Item 4       Submission of Matters to Vote of Security Holders                                      19
         Item 5       Other Information                                                                      20
         Item 6       Exhibits and Reports on Form 8-K                                                       20

SIGNATURES                                                                                                   21
</TABLE>





                                       1
<PAGE>   3




                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                      (Unaudited)
                                                                                        JUNE 30,           MARCH 31,
                                                                                          2001               2001
                                                                                      -----------         -----------
                                                                                     (In Thousands, Except Share Data)
<S>                                                                                   <C>                 <C>
ASSETS
Cash                                                                                  $    62,773         $    58,481
Interest-bearing deposits                                                                  55,296              46,561
                                                                                      -----------         -----------
  Cash and cash equivalents                                                               118,069             105,042
Investment securities available for sale                                                   55,074              22,216
Investment securities held to maturity (fair value of $54,340 and
  $34,096, respectively)                                                                   54,109              33,913
Mortgage-related securities available for sale                                            141,096             173,968
Mortgage-related securities held to maturity (fair value of $193,247
  and $207,669, respectively)                                                             191,039             205,191
Loans receivable, net:
  Held for sale                                                                            39,206              17,622
  Held for investment                                                                   2,430,195           2,414,976
Foreclosed properties and repossessed assets, net                                             342                 313
Real estate held for development and sale                                                  47,127              48,658
Office properties and equipment                                                            25,563              25,734
Federal Home Loan Bank stock--at cost                                                      38,640              37,985
Accrued interest on investments and loans                                                  20,235              20,862
Prepaid expenses and other assets                                                          19,533              20,994
                                                                                      -----------         -----------
     Total assets                                                                     $ 3,180,228         $ 3,127,474
                                                                                      ===========         ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits                                                                              $ 2,202,577         $ 2,119,320
Federal Home Loan Bank and other borrowings                                               682,639             712,650
Reverse repurchase agreements                                                              16,327              27,948
Advance payments by borrowers for taxes and insurance                                      13,215               7,918
Other liabilities                                                                          39,731              40,026
                                                                                      -----------         -----------
     Total liabilities                                                                  2,954,489           2,907,862
                                                                                      -----------         -----------

Preferred stock, $.10 par value, 5,000,000 shares
 authorized, none outstanding                                                                --                  --
Common stock, $.10 par value, 100,000,000 shares authorized, 25,363,339 shares
 issued, 22,760,567 and 22,814,923 shares outstanding, respectively                         2,536               2,536
Additional paid-in capital                                                                 56,571              56,571
Retained earnings                                                                         203,683             197,599
Accumulated other comprehensive income                                                      2,522               1,954
Treasury stock (2,602,772 shares and 2,548,416 shares,
 respectively), at cost                                                                   (39,233)            (38,339)
Common stock purchased by benefit plans                                                      (340)               (709)
                                                                                      -----------         -----------
     Total stockholders' equity                                                           225,739             219,612
                                                                                      -----------         -----------
     Total liabilities and stockholders' equity                                       $ 3,180,228         $ 3,127,474
                                                                                      ===========         ===========
</TABLE>

See accompanying Notes to Consolidated Financial Statements.



                                       2
<PAGE>   4






                       CONSOLIDATED STATEMENTS OF INCOME
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                      THREE MONTHS ENDED JUNE 30,
                                                                      ---------------------------
                                                                         2001             2000
                                                                      ----------       ----------
                                                                 (In Thousands, Except Per Share Data)
<S>                                                                    <C>              <C>
INTEREST INCOME:
Loans                                                                  $ 48,950         $ 47,359
Mortgage-related securities                                               5,710            4,746
Investment securities                                                     1,462            1,937
Interest-bearing deposits                                                   602              379
                                                                       --------         --------
  Total interest income                                                  56,724           54,421

INTEREST EXPENSE:
Deposits                                                                 24,900           21,858
Notes payable and other borrowings                                       10,493           11,875
Other                                                                       108              107
                                                                       --------         --------
  Total interest expense                                                 35,501           33,840
                                                                       --------         --------
  Net interest income                                                    21,223           20,581
Provision for loan losses                                                   210              185
                                                                       --------         --------
  Net interest income after provision for loan losses                    21,013           20,396

NON-INTEREST INCOME:
Loan servicing income (loss)                                                (85)             612
Service charges on deposits                                               1,559            1,400
Insurance commissions                                                       325              529
Gain on sale of loans                                                     1,691              360
Net gain on sale of investments and mortgage-related securities             553             --
Net income from operations of real estate investments                       159              100
Other                                                                       817              369
                                                                       --------         --------
  Total non-interest income                                               5,019            3,370

NON-INTEREST EXPENSE:
Compensation                                                              7,663            7,194
Occupancy                                                                 1,051              982
Furniture and equipment                                                   1,021              947
Data processing                                                           1,102              866
Marketing                                                                   614              686
Federal insurance premiums                                                   99               94
Other                                                                     2,146            1,926
                                                                       --------         --------
  Total non-interest expense                                             13,696           12,695
                                                                       --------         --------
  Income before income taxes                                             12,336           11,071
Income taxes                                                              4,425            4,086
                                                                       --------         --------
  Net income                                                           $  7,911         $  6,985
                                                                       ========         ========

Earnings per share:
  Basic                                                                $   0.36         $   0.30
  Diluted                                                                  0.35             0.29
Dividends declared per share                                               0.08             0.07
</TABLE>

See accompanying Notes to Unaudited Consolidated Financial Statements.




                                       3
<PAGE>   5




                      CONSOLIDATED STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                        THREE MONTHS ENDED JUNE 30,
                                                                        ---------------------------
                                                                          2001               2000
                                                                        ---------         ---------
                                                                              (In Thousands)

<S>                                                                     <C>               <C>
OPERATING ACTIVITIES
 Net income                                                             $   7,911         $   6,985
 Adjustments to reconcile net income to net
  cash provided (used) by operating activities:
 Provision for loan losses                                                    210               185
 Provision for depreciation and amortization                                  803               263
 Net gain on sales of loans                                                (1,691)             (360)
 Decrease (increase) in accrued interest receivable                           627              (844)
 (Decrease) increase in accrued interest payable                           (1,271)            1,324
 Increase in accounts payable                                                 340             4,384
 Other                                                                     (4,257)           (2,791)
                                                                        ---------         ---------
 Net cash provided by operating activities before proceeds
  from loan sales                                                           2,672             9,146
 Net decrease due to origination and sale of loans held for sale          (21,584)           (1,139)
                                                                        ---------         ---------
  Net cash (used) provided by operating activities                        (18,912)            8,007

INVESTING ACTIVITIES
 Proceeds from sales of investment securities available for sale              373             2,159
 Proceeds from maturities of investment securities                         60,610             5,236
 Purchase of investment securities available for sale                    (112,548)          (16,230)
 Proceeds from sale of mortgage-related securities available for           21,424              --
 Principal collected on mortgage-related securities                        25,556            11,911
 Loans originated for investment                                         (168,285)         (253,684)
 Principal repayments on loans                                            162,723           153,091
 Net office properties and equipment                                         (584)             (371)
 Sales of real estate                                                        --                 312
 Investment in real estate held for development and sale                   (1,531)          (14,894)
                                                                        ---------         ---------
  Net cash used by investing activities                                   (12,262)         (112,470)
</TABLE>





                                       4
<PAGE>   6





                 CONSOLIDATED STATEMENTS OF CASH FLOWS (Cont'd)

<TABLE>
<CAPTION>
                                                                               THREE MONTHS ENDED JUNE 30,
                                                                               ---------------------------
                                                                                 2001              2000
                                                                               ---------         ---------
                                                                                      (In Thousands)
<S>                                                                            <C>               <C>
FINANCING ACTIVITIES
 Increase in deposit accounts                                                  $  83,257         $  24,639
 Increase in advance payments by borrowers
   for taxes and insurance                                                         5,297             7,485
 Proceeds from notes payable to Federal Home Loan Bank                           169,200           243,800
 Repayment of notes payable to Federal Home Loan Bank                           (196,400)         (206,100)
 (Decrease) increase in securities sold under agreements
  to repurchase                                                                  (11,621)           24,138
 (Decrease) increase in other loans payable                                       (2,811)           12,016
 Treasury stock purchased                                                         (1,151)           (7,712)
 Exercise of stock options                                                            68               322
 Purchase of stock by retirement plans                                                73               125
 Payments of cash dividends to stockholders                                       (1,711)           (1,678)
                                                                               ---------         ---------
   Net cash provided by financing activities                                      44,201            97,035
                                                                               ---------         ---------
   Net increase (decrease) in cash and cash equivalents                           13,027            (7,428)
 Cash and cash equivalents at beginning of period                                105,042            83,708
                                                                               ---------         ---------
   Cash and cash equivalents at end of period                                  $ 118,069         $  76,280
                                                                               =========         =========

SUPPLEMENTARY CASH FLOW INFORMATION:
Cash paid or credited to accounts:
  Interest on deposits and borrowings                                          $  32,209         $  32,516
  Income taxes                                                                        49               536
</TABLE>


See accompanying Notes to Unaudited Consolidated Financial Statements





                                       5
<PAGE>   7



                          ANCHOR BANCORP WISCONSIN INC.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - PRINCIPLES OF CONSOLIDATION

The unaudited consolidated financial statements include the accounts and results
of operations of Anchor BanCorp Wisconsin Inc. (the "Corporation") and its
wholly-owned subsidiaries, AnchorBank fsb (the "Bank"), Investment Directions,
Inc. ("IDI") Nevada Investment Directions, Inc. ("NIDI") and California
Investment Directions, Inc. ("CIDI"). The Bank's accounts and results of
operations include its wholly-owned subsidiaries, Anchor Investment Services,
Inc. ("AIS"), ADPC Corporation ("ADPC"), and Anchor Investment Corporation
("AIC"). All significant intercompany balances and transactions have been
eliminated. Investments in joint ventures and other less than 50% owned
partnerships, which are not material, are accounted for by the equity method.
Partnerships with 50% ownership or more are consolidated, with significant
intercompany accounts eliminated.


NOTE 2 - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles ("GAAP") and with
the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly,
they do not include all of the information and footnotes required by GAAP for
complete financial statements. In the opinion of management, all adjustments
(consisting of normal recurring accruals) necessary for a fair presentation of
the consolidated financial statements have been included.

In preparing the unaudited consolidated financial statements in conformity with
GAAP, management is required to make estimates and assumptions that affect the
amounts reported in the consolidated financial statements and accompanying
notes. Actual results could differ from those estimates. The results of
operations and other data for the three-month period ended June 30, 2001 are not
necessarily indicative of results that may be expected for any other interim
period or the entire fiscal year ending March 31, 2002. The unaudited
consolidated financial statements presented herein should be read in conjunction
with the audited consolidated financial statements and related notes thereto
included in the Corporation's Annual Report for the year ended March 31, 2001.

Unrealized gains or losses on the Corporation's available-for-sale securities
are included in other comprehensive income. During the quarter ended June 30,
2001 and 2000, total comprehensive income amounted to $8.5 million and $6.8
million, respectively.

NEW ACCOUNTING STANDARDS On June 29, 2001, the Financial Accounting Standards
Board ("FASB") approved the issuance of Statement of Financial Accounting
Standards No. 141, "Business Combinations" (Statement 141). Statement 141
eliminates the pooling-of-interest method of accounting for business
combinations, except for qualifying business combinations that were initiated
prior to July 1, 2001. Statement 141 changes the criteria to recognize
intangible assets separate from goodwill. The requirements of FAS 141 are
effective for any business combination accounted for by the purchase method that
is completed after June 30, 2001.

On June 29, 2001, the FASB approved the issuance of Statement of Financial
Accounting Standards No. 142, "Goodwill and Other Intangible Assets" (Statement
142). Statement 142 supersedes certain provisions of APB Opinion No. 17,
"Intangible Assets". Under Statement 142, goodwill and indefinite lives
intangible assets are no longer amortized but are reviewed annually, or more
frequently if impairment indicators arise, for impairment. Separable intangible
assets that have finite lives will continue to be amortized over their useful
lives, for which Statement 142 does not impose a limit. The Corporation
early-adopted the Statement as of April 1, 2001. The adoption of Statement 142
did not materially affect the Corporation's financial condition, results of
operations or liquidity as the Corporation does not currently hold any goodwill
balances on its financial statements.



                                       6
<PAGE>   8


On April 1, 2001, the Corporation adopted Statement 133, "Accounting for
Derivative Instruments and Hedging Activities". This new standard requires that
all derivative instruments be recorded in the statement of condition at fair
value. The recording of the gain or loss due to changes in fair value could
either be reported in earnings or as other comprehensive income in the statement
of shareholders' equity, depending on the type of instrument and whether or not
it is considered a hedge. The adoption of this new statement did not have a
material effect on the Corporation's financial condition, results of operations,
or liquidity.

In September 2000, FASB issued Statement No. 140, "Accounting for Transfers and
Servicing of Financial Assets and Extinguishment of Liabilities" ("Statement No.
140") that replaces, in its entirety, Statement No. 125. Although Statement No.
140 has changed many of the rules regarding securitizations, it continues to
require an entity to recognize the financial and servicing assets it controls
and the liabilities it has incurred and to derecognize financial assets when
control has been surrendered in accordance with the criteria provided in the
Statement. The Corporation adopted this Statement on April 1, 2001. The
application of the new rules did not have a material impact on the Corporations
financial statements.

SEGMENT REPORTING Operating segments are components of a business about which
separate financial information is available and that are evaluated regularly by
the chief operating decision maker in deciding how to allocate resources and
assessing performance. Public companies are required to report certain financial
information about operating segments in interim and annual financial statements
if such segments meet quantitative thresholds for reporting segment information.
The Corporation has two operating segments that meet materiality thresholds.
These are the community banking operation and real estate development. Segment
information is disclosed in the audited financial statements incorporated in
Form 10K for the year ended March 31, 2001.

Certain 2000 accounts have been reclassified to conform to the 2001
presentations.


NOTE 3 - STOCKHOLDERS' EQUITY

During the quarter ended June 30, 2001, options for 12,400 shares of common
stock were exercised at a weighted-average price of $5.43 per share. Treasury
shares were issued in exchange for the options using the last-in-first-out
method. The cost of the treasury shares issued in excess of the option price
paid was charged to retained earnings $(116,000). During the quarter ended June
30, 2001, the Corporation repurchased 71,600 shares of common stock. During the
quarter, 4,844 shares of treasury stock were reissued to the Corporation's
retirement plans. The weighted-average cost of these shares was $14.99 per share
or $73,000 in the aggregate. On May 15, 2001, the Corporation paid a cash
dividend of $0.075 per share amounting to $1.7 million.


NOTE 4 - EARNINGS PER SHARE

Basic earnings per share for the three months ended June 30, 2001 and 2000 has
been determined by dividing net income for the respective periods by the
weighted average number of shares of common stock outstanding. Diluted earnings
per share is computed by dividing net income by the weighted average number of
common shares outstanding plus common stock equivalents. Common stock
equivalents are computed using the treasury stock method.



                                       7
<PAGE>   9


<TABLE>
<CAPTION>
                                                               THREE MONTHS ENDED JUNE 30,
                                                              ------------------------------
                                                                 2001               2000
                                                              -----------        -----------
<S>                                                           <C>                <C>
Numerator:
      Net income                                              $ 7,911,272        $ 6,984,811
                                                              -----------        -----------
      Numerator for basic and diluted earnings
        per share--income available to common
        stockholders                                          $ 7,911,272        $ 6,984,811

Denominator:
      Denominator for basic earnings per
        share--weighted-average common
        shares outstanding                                     22,184,124         23,311,159
      Effect of dilutive securities:
        Employee stock options                                    508,728            604,292
        Management Recognition Plans                               28,922
                                                              -----------
      Denominator for diluted earnings per
        share--adjusted weighted-average
        common shares and assumed conversions                  22,721,774         23,915,451
                                                              ===========        ===========
Basic earnings per share                                      $      0.36        $      0.30
                                                              ===========        ===========
Diluted earnings per share                                    $      0.35        $      0.29
                                                              ===========        ===========
</TABLE>


NOTE 5 - SUBSEQUENT EVENTS

On July 19, 2001, the Corporation declared a $0.0825 per share cash dividend on
its common stock to be paid on August 15, 2001 to stockholders of record on
August 1, 2001.


NOTE 6 - BUSINESS COMBINATION

On June 15, 2001, the Corporation announced a definitive agreement to merge
Ledger Capital Corp. ("Ledger") with and into the Corporation. Ledger has $510
million in assets as of June 30, 2001, and reported net income of $505,000 for
the year ended June 30, 2001. The Corporation plans to file a Registration
Statement for the shares to be issued in the transaction. The Corporation is
anticipating final approval from all regulatory authorities and stockholders
during the quarter ending December 31, 2001.

In the merger, Ledger shareholders will receive either 1.1 shares of Anchor
BanCorp stock or the taxable cash equivalent, as long as the cash conversion
does not exceed 20 percent of the Ledger shares, in exchange for each share of
Ledger stock. The transaction will be accounted for as a purchase. If completed,
the merger would add 4 full service offices and one limited service office in
the Milwaukee metropolitan area.




                                       8
<PAGE>   10




                          ANCHOR BANCORP WISCONSIN INC.

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

This report contains certain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Corporation desires to take
advantage of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995 and is including this statement for the expressed purpose of
availing itself of the protection of the safe harbor with respect to all of such
forward-looking statements. These forward-looking statements describe future
plans or strategies and include the Corporation's expectations of future
financial results. The Corporation's ability to predict results or the effect of
future plans or strategies is inherently uncertain and the Corporation can give
no assurance that those results or expectations will be attained. Factors that
could affect actual results include but are not limited to i) general market
rates, ii) changes in market interest rates and the shape of the yield curve,
iii) general economic conditions, iv) real estate markets, v)
legislative/regulatory changes, vi) monetary and fiscal policies of the U.S.
Treasury and the Federal Reserve, vii) changes in the quality or composition of
the Corporation's loan and investment portfolios, viii) demand for loan
products, ix) the level of loan and MBS repayments, x) deposit flows, xi)
competition, xii) demand for financial services in the Corporation's markets,
and xiii) changes in accounting principles, policies or guidelines. These
factors should be considered in evaluating the forward-looking statements, and
undue reliance should not be placed on such statements.


The Corporation does not undertake and specifically disclaims any obligation to
update any forward-looking statements to reflect occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

The following discussion is designed to provide a more thorough discussion of
the Corporation's financial condition and results of operations as well as to
provide additional information on the Corporation's asset/liability management
strategies, sources of liquidity and capital resources. Management's discussion
and analysis should be read in conjunction with the consolidated financial
statements and supplemental data contained elsewhere in this report.

RESULTS OF OPERATIONS

General. Net income for the three months ended June 30, 2001 increased $930,000
to $7.9 million from $7.0 million for the same period in the prior year. The
increase in net income for the three-month period compared to the same period
last year was largely due to the increase in interest income of $2.3 million. In
addition, non-interest income for the three months ended June 30, 2001 increased
$1.6 million. These increases were offset by an increase in interest expense of
$1.7 million, an increase in non-interest expense of $1.0 million and an
increase in income tax expense of $340,000 for the three-month period.

Net Interest Income. Net interest income increased $640,000 for the three months
ended June 30, 2001 compared to the same period in 2000. The net interest margin
decreased to 2.86% from 2.94% for the respective three-month periods. The
interest rate spread decreased to 2.68% from 2.72% for the same periods.

Interest income on loans increased $1.6 million for the three months ended June
30, 2001 as compared to the same period in the prior year. This increase was the
result of an increase of $84.5 million in the average balance of loans for the
period due to increased loan originations. Interest income on mortgage-related
securities increased $960,000 for the same period due primarily to the increase
of $66.2 million in the average balance of mortgage-related securities. Interest
income on interest-bearing deposits increased $220,000 for the three months
ended June 30, 2001, due to the increase of $34.5 million in the average balance
of interest-bearing deposits. Interest income on investment securities
(including Federal Home Loan Bank stock) decreased $480,000 for the three-month
period ended June 30, 2001 as compared to the same period in the prior year.
This was primarily a result of a decrease of $22.5 million in the average
balances of the investment securities for the three-month period as compared to
the same period in the prior year.


                                       9
<PAGE>   11


Interest expense on deposits increased $3.0 million for the three months ended
June 30, 2001 as compared to the same period in 2000. This increase was due
primarily to the increase in the average balance of deposits of $236.1 million
for the three-month period, as a result of various demand deposit and
certificate promotions. Interest expense on notes payable and other borrowings
decreased $1.4 million during the same period due to a decrease of $62.0 million
in the average balance of notes payable and other borrowings. Other interest
expense remained relatively constant for the three months ended June 30, 2001,
as compared to the same period in the prior year.

Provision for Loan Losses. Provision for loan losses increased $30,000 for the
three-month period ended June 30, 2001 compared to the same period for the prior
year. The provision was based on management's ongoing evaluation of asset
quality.

Average Interest-Earning Assets, Average Interest-Bearing Liabilities and
Interest Rate Spread. The following tables show the Corporation's average
balances, interest, average rates, net interest margin and the spread between
the combined average rates earned on interest-earning assets and average cost of
interest-bearing liabilities for the periods indicated. The average balances are
derived from average daily balances.




                                       10
<PAGE>   12


<TABLE>
<CAPTION>
                                                                        THREE MONTHS ENDED JUNE 30,
                                               -------------------------------------------------------------------------------
                                                                 2001                                     2000
                                               -------------------------------------    --------------------------------------
                                                                            AVERAGE                                   AVERAGE
                                                AVERAGE                      YIELD/      AVERAGE                       YIELD/
                                                BALANCE        INTEREST      COST(1)     BALANCE         INTEREST      COST(1)
                                               ----------      ----------   --------    ----------      ----------    --------
                                                                             (Dollars In Thousands)
<S>                                            <C>             <C>             <C>      <C>             <C>              <C>
INTEREST-EARNING ASSETS
Mortgage loans (2)                             $1,882,454      $   37,239      7.91%    $1,834,648      $   35,862       7.82%
Consumer loans (2)                                465,455           9,897      8.51        448,339           9,808       8.75
Commercial business loans (2)                      91,226           1,814      7.95         71,608           1,689       9.43
                                               ----------      ----------               ----------      ----------
  Total loans receivable (2)                    2,439,135          48,950      8.03      2,354,595          47,359       8.05
Mortgage-related securities (3)                   360,821           5,710      6.33        294,580           4,746       6.44
Investment securities (3)                          66,902             836      5.00         92,879           1,303       5.61
Interest-bearing deposits                          59,653             602      4.04         25,121             379       6.03
Federal Home Loan Bank stock                       38,604             626      6.49         35,159             634       7.21
                                               ----------      ----------               ----------      ----------
  Total interest-earning assets                 2,965,115          56,724      7.65      2,802,334          54,421       7.77
Non-interest-earning assets                       159,767                                  133,837
                                               ----------                               ----------
  Total assets                                 $3,124,882                               $2,936,171
                                               ==========                               ==========

INTEREST-BEARING LIABILITIES
Demand deposits                                $  624,562           3,972      2.54     $  565,122           4,490       3.18
Regular passbook savings                          133,786             456      1.36        139,490             560       1.61
Certificates of deposit                         1,359,366          20,472      6.02      1,177,018          16,808       5.71
                                               ----------      ----------               ----------      ----------
  Total deposits                                2,117,714          24,900      4.70      1,881,630          21,858       4.65
Notes payable and other borrowings                726,489          10,493      5.78        788,480          11,875       6.02
Other                                              10,964             108      3.94         12,331             107       3.47
                                               ----------      ----------               ----------      ----------
  Total interest-bearing liabilities            2,855,167          35,501      4.97      2,682,441          33,840       5.05
                                               ----------      ----------               ----------      ----------
Non-interest-bearing liabilities                   46,756                                   37,521
                                               ----------                               ----------
  Total liabilities                             2,901,923                                2,719,962
Stockholders' equity                              222,959                                  216,209
                                               ----------                               ----------
  Total liabilities and stockholders'
     equity                                    $3,124,882                               $2,936,171
                                               ==========                               ==========

  Net interest income/interest rate spread                     $   21,223      2.68%                    $   20,581       2.72%
                                                               ==========      ====                     ==========       ====
  Net interest-earning assets                  $  109,948                               $  119,893
                                               ==========                               ==========
  Net interest margin                                                          2.86%                                     2.94%
                                                                               ====                                      ====
  Ratio of average interest-earning assets
   to average interest-bearing liabilities           1.04                                     1.04
                                               ==========                               ==========
</TABLE>


--------------------------------------------
(1)  Annualized

(2)  The average balances of loans include non-performing loans, interest of
     which is recognized on a cash basis.

(3)  Includes amortized cost basis of assets held and available for sale.







                                       11
<PAGE>   13






Non-Interest Income. Non-interest income increased $1.6 million to $5.0 million
for the three months ended June 30, 2001 as compared to $3.4 million for the
same period in the prior year primarily due to an increase in gain on sale of
loans of $1.3 million. This increase was due to an increase in secondary market
loans sold, resulting from the low interest rate environment. In addition, net
gain on sale of investments and securities increased $550,000 for the
three-month period ended June 30, 2001. Other non-interest income, which
includes a variety of loan fee and other miscellaneous fee income, increased
$450,000 for the three-month period. Service charges on deposit accounts
increased $160,000 for the three-month period due to a growth in deposits and
increased fees. Net income from operations of real estate investments increased
$60,000 for the three months ended June 30, 2001 as compared to the same period
in the prior year. These increases were partially offset by a decrease in loan
servicing income of $700,000 due primarily to increased OMSR amortization. In
addition, insurance commissions decreased $200,000 for the three months ended
June 30, 2001 as compared to the same periods in the prior year due to decreased
sales.

Non-Interest Expense. Non-interest expense increased $1.0 million to $13.7
million for the three months ended June 30, 2001 as compared to $12.7 million
for the same period in 2000 as a result of several factors. Compensation expense
increased $470,000 for the three-month period compared to the prior period due
primarily to an increase in incentive compensation resulting from increased loan
production. In addition, data processing expense increased $240,000 for the
three months ending June 30, 2001 as compared to the same period in the prior
year due to increased lease payments, line charges and support services. Other
non-interest expense increased $220,000 for the three-month period largely due
to increased office supplies expense and postage expense. Furniture and
equipment expense increased $70,000, largely due to normal increases in
depreciation and increased contracted services. Occupancy expense increased
$70,000, due largely to increased utilities expense and increased leasehold
rental. Federal insurance premiums remained relatively constant during the three
months ended June 30, 2001 as compared to the same period in 2000. Marketing
expense decreased $70,000 during this same three-month period.

Income Taxes. Income tax expense increased $340,000 during the three months
ended June 30, 2001 as compared to the same periods in 2000. The effective tax
rate was 35.9% for the current year as compared to 36.9% for the three-month
period last year.






                                       12
<PAGE>   14

FINANCIAL CONDITION



During the three months ended June 30, 2001, the Corporation's assets increased
by $52.8 million from $3.13 billion at March 31, 2001, to $3.18 billion. The
majority of this increase was attributable to increases in investment securities
and loans and was partially offset by decreases in mortgage-related securities.

Investment securities (both available for sale and held to maturity) increased
$53.1 million during the three months ended June 30, 2001 as a result of
purchases of $112.5 million of U.S. Government and agency securities which were
partially offset by sales and maturities of $61.0 million.

Mortgage-related securities (both available for sale and held to maturity)
decreased $47.0 million during the three months ended June 30, 2001 as a result
of principal repayments and market value adjustments of $25.6 million and sales
of $21.4 million. There were no purchases of mortgage-related securities in this
three-month period. Mortgage-related securities consisted of $306.5 million of
mortgage-backed securities and $25.6 million of Collateralized Mortgage
Obligations ("CMO's") and Real Estate Mortgage Investment Conduits ("REMIC's")
at June 30, 2001.

The Corporation's investments in CMO's and REMIC's are limited to federal agency
issued REMIC's which represent an interest in mortgage-backed securities. These
investments are deemed to have limited credit risk. The investments do have
interest rate risk due to, among other things, actual prepayments being more or
less than those predicted at the time of purchase. The Corporation invests only
in short-term tranches in order to limit the reinvestment risk associated with
greater than anticipated prepayments, as well as changes in value resulting from
changes in interest rates.

Total loans (including loans held for sale) increased $36.8 million during the
three months ended June 30, 2001. Activity for the period included (i)
originations and purchases of $415.4 million, (ii) sales of $225.5 million, and
(iii) principal repayments and other adjustments of $153.1 million.

Total liabilities increased $46.6 million during the three months ended June 30,
2001. Deposits increased $83.3 million during the three months ended June 30,
2001. The increase was due primarily to new demand deposit products and
certificate promotions. Brokered deposits have been used in the past and may be
used in the future as the need for funds requires them. Brokered deposits
totaled $143.4 million at June 30, 2001 and generally mature within one year.
FHLB advances and other borrowings decreased $30.0 million during the three
months ended June 30, 2001. Reverse repurchase agreements decreased $11.6
million during the three months ended June 30, 2001. Advance payments by
borrowers for taxes and insurance increased $5.3 million during this same
period. Other liabilities decreased $295,000 during the three-month period
ending June 30, 2001.

Stockholders' equity increased $6.1 million during the three months ended June
30, 2001 as a net result of (i) comprehensive income of $8.5 million (ii) stock
options exercised of $184,000 (with the excess of the cost of treasury shares
over the option price $(116,000) charged to retained earnings), (iii) the
purchase of stock by retirement plans of $73,000 and (iv) benefit plan shares
earned and related tax adjustments totaling $369,000. These increases were
offset by (i) purchases of treasury stock of $1.2 million and (ii) cash
dividends of $1.7 million.





                                       13
<PAGE>   15


ASSET QUALITY

Loans are placed on non-accrual status when, in the judgment of management, the
probability of collection of interest is deemed to be insufficient to warrant
further accrual. When a loan is placed on non-accrual status, previously accrued
but unpaid interest is deducted from interest income. As a matter of policy, the
Corporation does not accrue interest on loans past due 90 days or more.

Non-performing assets increased $260,000 to $6.0 million at June 30, 2001 from
$5.7 million at March 31, 2001 and increased as a percentage of total assets to
0.19% from 0.18% at such dates, respectively.

Non-performing assets are summarized as follows at the dates indicated:


<TABLE>
<CAPTION>
                                                                                    AT MARCH 31,
                                                        AT JUNE 30,     ------------------------------------
                                                          2001           2001           2000           1999
                                                         ------         ------         ------         ------
                                                                       (Dollars In Thousands)

<S>                                                      <C>            <C>            <C>            <C>
Non-accrual loans:
 Single-family residential                               $3,101         $2,572         $2,582         $2,931
 Multi-family residential                                   155            372              3           --
 Commercial real estate                                     737            650            126            145
 Construction and land                                     --              257           --             --
 Consumer                                                   372            499            571            571
 Commercial business                                        915            697            332            359
                                                         ------         ------         ------         ------
  Total non-accrual loans                                 5,280          5,047          3,614          4,006
Real estate held for development and sale                   351            352          1,691          1,764
Foreclosed properties and repossessed assets, net           342            313            272            630
                                                         ------         ------         ------         ------
  Total non-performing assets                            $5,973         $5,712         $5,577         $6,400
                                                         ======         ======         ======         ======

Performing troubled debt restructurings                  $  300         $  300         $  144         $  293
                                                         ======         ======         ======         ======

Total non-accrual loans to total loans                     0.21%          0.20%          0.15%          0.18%
Total non-performing assets to total assets                0.19           0.18           0.19           0.24
Allowance for loan losses to total loans                   0.93           0.94           1.00           1.08
Allowance for loan losses to total
 non-accrual loans                                       453.11         477.04         675.26         599.78
Allowance for loan and foreclosure losses
 to total non-performing assets                          401.05         422.16         439.63         379.97
</TABLE>

Non-accrual loans increased $230,000 during the three months ended June 30,
2001. The increase was not attributable to any one loan. At June 30, 2001, there
was one non-accrual single family mortgage loan with a carrying value greater
than $1.0 million.

Non-performing real estate held for development and sale remained relatively
constant for the three months ended June 30, 2001. At June 30, 2001, there were
no properties in non-performing real estate held for development and sale with a
carrying value greater than $1.0 million.

Foreclosed properties and repossessed assets increased $30,000 during the three
months ended June 30, 2001. There were no foreclosed properties and repossessed
assets with a carrying value greater than $1.0 million at June 30, 2001.


                                       14
<PAGE>   16



Performing troubled debt restructurings remained constant during the three
months ended June 30, 2001.

At June 30, 2001, assets that the Corporation has classified as substandard, net
of reserves, consisted of $13.7 million of loans and foreclosed properties. As
of March 31, 2001, the substandard assets amounted to $6.8 million. The increase
of $6.9 million in substandard assets was due largely to an increase of $6.5
million in substandard commercial loans. This increase was substantially due to
the addition of two commercial business loans to a business located in Madison,
Wisconsin, during the three-month period ended June 30, 2001. One loan, for $2.2
million, is secured by a general business security agreement on the equipment
and inventory, and the other loan, for $4.1 million, is secured by the accounts
receivable of the business.

The following table sets forth information relating to the Corporation's loans
that were less than 90 days delinquent at the dates indicated.


<TABLE>
<CAPTION>
                                                      AT MARCH 31,
                      AT JUNE 30,       -----------------------------------------
                         2001            2001             2000             1999
                      -----------       -------          -------          -------
                                            (In Thousands)

<S>                    <C>             <C>              <C>              <C>
30 to 59 days          $ 9,004         $ 7,141          $ 3,224          $ 5,535
60 to 89 days            1,649             716              903              693
                       -------         -------          -------          -------
    Total              $10,653         $ 7,857          $ 4,127          $ 6,228
                       =======         =======          =======          =======
</TABLE>

The Corporation's loan portfolio, foreclosed properties and repossessed assets
are evaluated on a continuing basis to determine the necessity for additions to
the allowance for losses and the related balance in the allowances. These
evaluations consider several factors, including, but not limited to, general
economic conditions, loan portfolio composition, loan delinquencies, prior loss
experience, collateral value, anticipated loss of interest and management's
estimation of future potential losses. The evaluation of the allowance for loan
losses includes a review of known loan problems as well as potential problems
based upon historical trends and ratios. Foreclosed properties are recorded at
the lower of carrying value or fair value with charge-offs, if any, charged to
the allowance for loan losses prior to transfer to foreclosed property. The fair
value is primarily based on appraisals, discounted cash flow analysis (the
majority of which are based on current occupancy and lease rates) and pending
offers.




                                       15
<PAGE>   17


A summary of the activity in the allowance for losses on loans follows:

<TABLE>
<CAPTION>
                                                THREE MONTHS ENDED
                                                     JUNE 30,
                                          ----------------------------
                                            2001                2000
                                          --------            --------
                                             (Dollars In Thousands)

<S>                                       <C>                 <C>
Allowance at beginning of period          $ 24,076            $ 24,404
Charge-offs:
  Mortgage                                    (138)                (11)
  Consumer                                    (211)               (209)
  Commercial business                          (69)                 (1)
                                          --------            --------
     Total charge-offs                        (418)               (221)
Recoveries:
  Mortgage                                       1                   9
  Consumer                                      14                  25
  Commercial business                           41                   2
                                          --------            --------
     Total recoveries                           56                  36
                                          --------            --------
     Net charge-offs                          (362)               (185)
                                          --------            --------
Provision                                      210                 185
                                          --------            --------
Allowance at end of period                $ 23,924            $ 24,404
                                          ========            ========

Net recoveries (charge-offs) to
 average loans                               (0.06)%             (0.03)%
                                          ========            ========
</TABLE>

Although management believes that the June 30, 2001 allowance for loan losses is
adequate, based upon the current evaluation of loan delinquencies, non-accrual
loans, charge-off trends, economic conditions and other factors, there can be no
assurance that future adjustments to the allowance, which could adversely affect
the Corporation's results of operations, will not be necessary. Management also
continues to pursue all practical and legal methods of collection, repossession
and disposal, as well as adhering to high underwriting standards in the
origination process, in order to maintain strong asset quality.

LIQUIDITY AND CAPITAL RESOURCES

On an unconsolidated basis, the Corporation's sources of funds include dividends
from its subsidiaries, including the Bank, interest on its investments and
returns on its real estate held for sale. The Bank's primary sources of funds
are payments on loans and mortgage-related securities, deposits from retail and
wholesale sources, advances and other borrowings.

At June 30, 2001, the Corporation had outstanding commitments to originate loans
of $151.0 million, commitments to extend funds to, or on behalf of, customers
pursuant to lines and letters of credit of $154.1 million and loans sold with
recourse to the Corporation in the event of default by the borrower of $1.1
million. The Corporation had sold loans with recourse in the amount of $6.6
million through the FHLB Mortgage Partnership Finance Program at June 30, 2001.
Scheduled maturities of certificates of deposit during the twelve months
following June 30, 2001 amounted to $1.2 billion and scheduled maturities of
FHLB advances during the same period totaled $310.8 million. At June 30, 2001,
the Corporation also had $16.3 million of reverse repurchase agreements, all of
which are scheduled to mature during the twelve months following June 30, 2001.
Management believes adequate capital and borrowings are available from various
sources to fund all commitments to the extent required.


                                       16
<PAGE>   18


The Bank is required by the Office of Thrift Supervision ("OTS") to maintain
liquid investments in qualifying types of U.S. Government and agency securities
and other investments sufficient to ensure its safe and sound operation. During
the quarter ended June 30, 2001, the Bank's average liquidity ratio was 13.37%.

Under federal law and regulation, the Bank is required to meet certain tangible,
core and risk-based capital requirements. Tangible capital generally consists of
stockholders' equity minus certain intangible assets. Core capital generally
consists of tangible capital plus qualifying intangible assets. The risk-based
capital requirements presently address credit risk related to both recorded and
off-balance sheet commitments and obligations. The OTS requirement for the core
capital ratio for the Bank is currently 3.00%. The requirement is 4.00% for all
but the most highly-rated financial institutions.

The following summarizes the Bank's capital levels and ratios and the levels and
ratios required by the OTS at June 30, 2001 and March 31, 2001 (dollars in
thousands):



<TABLE>
<CAPTION>
                                                                                                    MINIMUM REQUIRED
                                                                          MINIMUM REQUIRED             TO BE WELL
                                                                            FOR CAPITAL             CAPITALIZED UNDER
                                                  ACTUAL                  ADEQUACY PURPOSES          OTS REQUIREMENTS
                                        ------------------------      ------------------------     ---------------------
                                         AMOUNT            RATIO       AMOUNT           RATIO       AMOUNT         RATIO
                                        -------            -----      -------           -----      -------         -----
<S>                                     <C>                <C>        <C>               <C>        <C>             <C>
AS OF JUNE 30, 2001:

Tier 1 capital
  (to adjusted tangible  assets)        $207,053            6.61%     $ 93,903           3.00%     $156,505         5.00%

Risk-based capital
  (to risk-based assets)                 230,104           10.61       173,499           8.00       216,874        10.00
Tangible capital
  (to tangible assets)                   207,053            6.61        46,952           1.50           N/A          N/A

AS OF MARCH 31, 2001:

Tier 1 capital
  (to adjusted tangible assets)         $199,341            6.50%       92,072           3.00%      153,454         5.00%

Risk-based capital
  (to risk-based assets)                 222,496           10.44       170,535           8.00       213,169        10.00
Tangible capital
  (to tangible assets)                   199,341            6.50        46,036           1.50           N/A          N/A

</TABLE>



                                       17
<PAGE>   19


The following table reconciles stockholder equity to regulatory capital at June
30, 2001 and March 31, 2001 (dollars in thousands):



<TABLE>
<CAPTION>
                                                                  JUNE 30,           MARCH 31,
                                                                 -----------------------------
                                                                    2001               2001
                                                                 ---------           ---------

<S>                                                              <C>                 <C>
Stockholders' equity of the Corporation                          $ 225,739           $ 219,612
Less: Capitalization of the Corporation and Non-Bank
  subsidiaries                                                     (15,668)            (17,410)
                                                                 ---------           ---------
Stockholders' equity of the Bank                                   210,071             202,202
Less: Intangible assets and other non-includable assets             (3,018)             (2,861)
                                                                 ---------           ---------
Tier 1 and tangible capital                                        207,053             199,341
Plus: Allowable general valuation allowances                        23,051              23,155
                                                                 ---------           ---------
Risk based capital                                               $ 230,104           $ 222,496
                                                                 =========           =========
</TABLE>

ASSET/LIABILITY MANAGEMENT

The primary function of asset and liability management is to provide liquidity
and maintain an appropriate balance between interest-earning assets and
interest-bearing liabilities within specified maturities and/or repricing dates.
Interest rate risk is the imbalance between interest-earning assets and
interest-bearing liabilities at a given maturity or repricing date, and is
commonly referred to as the interest rate gap (the "gap"). A positive gap exists
when there are more assets than liabilities maturing or repricing within the
same time frame. A negative gap occurs when there are more liabilities than
assets maturing or repricing within the same time frame. During a period of
rising interest rates, a negative gap over a particular period would tend to
adversely affect net interest income over such period, while a positive gap over
a particular period would tend to result in an increase in net interest income
over such period.

The Corporation's strategy for asset and liability management is to maintain an
interest rate gap that minimizes the impact of interest rate movements on the
net interest margin. As part of this strategy, the Corporation sells
substantially all new originations of long-term, fixed-rate, single-family
residential mortgage loans in the secondary market, and invests in
adjustable-rate or medium-term, fixed-rate, single-family residential mortgage
loans, medium-term mortgage-related securities and consumer loans, which
generally have shorter terms to maturity and higher interest rates than
single-family mortgage loans.

The Corporation also originates multi-family residential and commercial real
estate loans, which generally have adjustable or floating interest rates and/or
shorter terms to maturity than conventional single-family residential loans.
Long-term, fixed-rate, single-family residential mortgage loans originated for
sale in the secondary market are generally committed for sale at the time the
interest rate is locked with the borrower. As such, these loans involve little
interest rate risk to the Corporation.

The calculation of a gap position requires management to make a number of
assumptions as to when an asset or liability will reprice or mature. Management
believes that its assumptions approximate actual experience and considers them
reasonable, although the actual amortization and repayment of assets and
liabilities may vary substantially. The cumulative net gap position at June 30,
2001 has not changed materially since March 31, 2001.





                                       18
<PAGE>   20




ITEM 3            QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

                  The Corporation's market rate risk has not materially changed
                  from March 31, 2001. See the Corporation's Annual Report on
                  Form 10-K for the year ended March 31, 2001.



                           PART II - OTHER INFORMATION

ITEM 1            LEGAL PROCEEDINGS.

                  The Corporation is involved in routine legal proceedings
                  occurring in the ordinary course of business which, in the
                  aggregate, are believed by management of the Corporation to be
                  immaterial to the financial condition and results of
                  operations of the Corporation.

ITEM 2            CHANGES IN SECURITIES.

                  Not applicable.

ITEM 3            DEFAULTS UPON SENIOR SECURITIES.

                  Not applicable.

ITEM 4            SUBMISSION OF MATTER TO VOTE OF SECURITIES HOLDERS.

                  The Annual Meeting of Stockholders was held on July 24, 2001.
                  There were 22,696,417 shares of common stock that could be
                  voted, and 20,637,822 shares present at the meeting by holders
                  thereof in person or by proxy which constituted a quorum. The
                  following is a summary of the results of items voted upon.
                  There were no broker non-votes at the meeting.


                                                         NUMBER OF VOTES
                                                   ----------------------------
                                                      FOR              WITHHELD
                                                   ----------          ---------
Election of Directors for three-year terms
   expiring in 2004:
     Douglas J. Timmerman                          19,408,934          1,228,888
     Greg M. Larson                                20,195,008            442,814


<TABLE>
                                                          FOR              AGAINST            WITHHELD
                                                     --------------     ---------------      ------------
<S>                                                   <C>                 <C>                  <C>
Amendment to restated Management Recognition
   Plan and Trust Agreement                           19,045,598          1,269,523            322,701
</TABLE>


<TABLE>
                                                          FOR              AGAINST            WITHHELD
                                                     --------------     ---------------      ------------
<S>                                                   <C>                 <C>                  <C>
Adoption of the 2001 Stock Option Plan for
    Non-Employee Directors                            18,326,530          1,968,722            342,570
</TABLE>

<TABLE>
                                                          FOR              AGAINST            WITHHELD
                                                     --------------     ---------------      ------------
<S>                                                    <C>                  <C>                 <C>
Appointment of Ernst & Young LLP as independent
    auditor for the year ending March 31, 2002         20,424,033           72,190              141,599
</TABLE>




                                       19
<PAGE>   21





ITEM 5            OTHER INFORMATION.

                  None.

ITEM 6            EXHIBITS AND REPORTS.

         (A)      REPORTS ON FORM 8-K.

                  On June 25, 2001, the Corporation filed a Current Report on
                  Form 8-K, which disclosed the Corporation's definitive
                  agreement providing for the merger of Ledger Capital Corp.
                  with and into Anchor BanCorp.

                  On August 8, 2001, the Corporation filed a Current Report on
                  Form 8-K, announcing the first quarter earnings of the
                  Corporation for the period ended June 30, 2001.






                                       20
<PAGE>   22





                                   SIGNATURES


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



                                    ANCHOR BANCORP WISCONSIN INC.



Date:   July 31, 2001           By: /s/ Douglas J. Timmerman
      -----------------             --------------------------------------------
                                    Douglas J. Timmerman, Chairman of the
                                    Board, President and Chief Executive Officer




Date:   July 31, 2001           By: /s/ Michael W. Helser
      -----------------             --------------------------------------------
                                    Michael W. Helser, Treasurer and
                                    Chief Financial Officer








                                       21