<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                   FORM 10-Q


                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


                        For Quarter Ended June 30, 2000



                                    0-20159
 -----------------------------------------------------------------------------
                            (Commission File Number)


                            CROGHAN BANCSHARES, INC.
 -----------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


               Ohio                                31-1073048
-----------------------------------------------------------------------------
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                Identification No.)


   323 Croghan Street, Fremont, Ohio                   43420
-----------------------------------------------------------------------------
(Address of principal executive offices)             (Zip Code)


                                 (419)-332-7301
-----------------------------------------------------------------------------
              (Registrant's telephone number, including area code)



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 [ ]



        1,910,776 Common shares were outstanding as of June 30, 2000.


This document contains 29 pages.





<PAGE>   2


                            CROGHAN BANCSHARES, INC.

                                     Index
PART I.                                                                  Page(s)

Item 1.  Financial Statements                                            5 -  8
Item 2.  Management's Discussion and Analysis                            9 - 11
Item 3.  Quantitative and Qualitative Disclosures About Market
           Risk - There have been no material changes from the
           information provided in the December 31, 1999 Form 10-K.

PART II.

Item 1.  Legal Proceedings - None
Item 2.  Changes in Securities - None
Item 3.  Defaults Upon Senior Securities - None
Item 4.  Submission of Matters to a Vote of Security Holders:
         (a)  The annual meeting of shareholders of Croghan
              Bancshares, Inc. was held on May 9, 2000.
         (b)  Proxies were solicited pursuant to Regulation 14A
              of the Securities Exchange Act of 1934. There was
              no solicitation in opposition to management's
              nominees for Directors and all nominees were elected.
         (c)  Other matters voted upon - the results are presented as follows:

          1.  Proposal to adopt an amendment to the Amended Articles of
              Incorporation to require a supermajority vote of two-thirds of the
              outstanding shares for certain shareholder actions if the Board of
              Directors recommends against the approval of such actions.

                              For     Against    Abstain
                              ---     -------    -------
                           1,197,282  273,325     30,070

          2. (i)   Classification of the Board of Directors into three classes
                   of four directors each, with terms expiring in successive
                   years.

                              For     Against    Abstain
                              ---     -------    -------
                           1,228,139  255,640     16,898

             (ii)  Establishment of advance notice requirements for shareholder
                   nominations for the Board of Directors.

                              For     Against    Abstain
                              ---     -------    -------
                           1,240,941  243,188     16,548

             (iii) The requirement of cause and a vote of the holders of two-
                   thirds of the outstanding shares of the Corporation to remove
                   directors and the ability of directors to fill vacancies.

                              For     Against    Abstain
                              ---     -------    -------
                           1,280,209  204,920     15,548

             (iv)  The increase of the required vote for shareholders to call
                   meetings of shareholders to 50% of the outstanding shares of
                   the Corporation.

                              For     Against    Abstain
                              ---     -------    -------
                           1,229,136  252,432     19,109
<PAGE>   3

             (v)   The expansion of the indemnification available to directors
                   and officers.

                              For     Against    Abstain
                              ---     -------    -------
                           1,234,089  250,588     16,000

             (vi)  Certain technical changes and the removal of obsolete
                   provisions in the Code of Regulations.

                              For     Against    Abstain
                              ---     -------    -------
                           1,418,784  204,457     16,281

             (vii) Adoption of the Amended and Restated Code of Regulations in
                   its entirety.

                              For     Against    Abstain
                              ---     -------    -------
                           1,388,272  229,945     21,305

         3.   Election of directors.

               Directors        Term         For     Withheld   Abstain
               ---------        ----         ---     --------   -------
             Janet E. Burkett    1 yr.     1,535,619   103,903       0
             Daniel W. Lease     1 yr.     1,548,727    90,795       0
             John P. Keller      1 yr.     1,527,895   111,627       0
             Allan E. Mehlow     1 yr.     1,536,985   102,537       0
             Thomas F. Hite      2 yr.     1,539,462   100,060       0
             Robert H. Moyer     2 yr.     1,539,462   100,060       0
             J. Terrence Wolfe   2 yr.     1,532,570   106,952       0
             Gary L. Zimmerman   2 yr.     1,530,046   109,476       0
             Claire F. Johansen  3 yr.     1,509,688   129,834       0
             Stephen A. Kemper   3 yr.     1,536,056   103,466       0
             K. Brian Pugh       3 yr.     1,545,430    94,092       0
             Claude E. Young     3 yr.     1,542,308    97,214       0

         4.   To adopt the Shareholder Proposal requiring confidential voting of
              proxies and independent inspectors of election, both monitored by
              a third party.

                              For     Against    Abstain
                              ---     -------    -------
                           302,931  1,143,160     54,586

         5.   To adopt the Shareholder Proposal requiring disclosure to
              shareholders of offers to purchase or merge with the Corporation
              within 10 days of receipt of such offers by the Corporation.

                              For     Against    Abstain
                              ---     -------    -------
                           309,226  1,139,627     51,824

         6.   To adopt the Shareholder Proposal prohibiting service on the Board
              of Directors of individuals who are 72 or older.

                              For     Against    Abstain
                              ---     -------    -------
                           261,493  1,192,310     46,874

         (d)  Not applicable.

<PAGE>   4


Item 5.  Other Information - None
Item 6.  Exhibits and Reports on Form 8-K:
         (a)  Exhibit 3(ii) - Amended and Restated Code of            13
              Regulations
              Exhibit 27 - Financial Data Schedule                    29
         (b)  None

Signatures                                                            12




























<PAGE>   5
                            CROGHAN BANCSHARES, INC.

                    Consolidated Balance Sheets (Unaudited)

<TABLE>
<CAPTION>
                                                                                June 30      December 31
                    ASSETS                                                       2000            1999
                                                                        (Dollars in thousands, except par value)
<S>                                                                            <C>            <C>
CASH AND CASH EQUIVALENTS
  Cash and due from banks                                                      $  11,120      $  13,579
  Interest-bearing deposits in other banks                                          --               14
  Federal funds sold                                                                --            2,200
                                                                               ---------      ---------
          Total cash and cash equivalents                                         11,120         15,793
                                                                               ---------      ---------
INVESTMENT SECURITIES
  Available-for-sale, at fair value                                               36,737         37,336
  Held-to-maturity, at amortized cost, fair value of $37,804 in 2000
     and $39,556 in 1999                                                          38,281         40,096
                                                                               ---------      ---------
          Total investment securities                                             75,018         77,432
                                                                               ---------      ---------
LOANS RECEIVABLE                                                                 246,039        239,409
  Less:  Allowance for loan losses                                                 3,089          3,196
                                                                               ---------      ---------
          Net Loans Receivable                                                   242,950        236,213
                                                                               ---------      ---------
PREMISES AND EQUIPMENT, NET                                                        6,977          7,203
ACCRUED INTEREST RECEIVABLE                                                        2,555          2,606
OTHER REAL ESTATE OWNED                                                             --             --
GOODWILL, NET                                                                      7,070          7,389
OTHER ASSETS                                                                       4,060          3,950
                                                                               ---------      ---------
TOTAL ASSETS                                                                   $ 349,750      $ 350,586
                                                                               =========      =========
      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
  Deposits:
      Demand, non-interest bearing                                             $  33,432      $  34,040
      Savings, NOW and Money Market deposits                                     113,839        122,143
      Time                                                                       136,723        138,404
                                                                               ---------      ---------
           Total deposits                                                        283,994        294,587

  Federal funds purchased and securities sold under repurchase agreements         21,343         11,762
  Borrowed funds                                                                   6,000          7,000
  Dividends payable                                                                  382            363
  Other liabilities                                                                1,992          1,835
                                                                               ---------      ---------
          Total liabilities                                                      313,711        315,547
                                                                               ---------      ---------
STOCKHOLDERS' EQUITY
  Common stock, $12.50 par value.  Authorized 3,000,000 shares; issued and
      outstanding 1,910,776 shares in 2000 and 1,908,208 shares in 1999           23,885         23,853
  Surplus                                                                             94             74
  Retained earnings                                                               12,457         11,477
  Accumulated other comprehensive income (loss)                                     (397)          (365)
                                                                               ---------      ---------
          Total stockholders' equity                                              36,039         35,039
                                                                               ---------      ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                               $ 349,750      $ 350,586
                                                                               =========      =========
</TABLE>

See notes to consolidated financial statements.

<PAGE>   6

                            CROGHAN BANCSHARES, INC.

   Consolidated Statements of Operations and Comprehensive Income (Unaudited)

<TABLE>
<CAPTION>
                                                                       Three months ended        Six months ended
                                                                             June 30                 June 30
                                                                         2000       1999        2000         1999
                                                                     (Dollars in thousands,   (Dollars in thousands,
                                                                     except per share data)   except per share data)

<S>                                                                    <C>         <C>         <C>         <C>
INTEREST INCOME
  Interest and fees on loans receivable                                $ 5,317     $ 4,939     $10,400     $ 9,877
  Interest and dividends on investment securities:
    U.S. Treasury securities                                               229         343         482         730
    Obligations of U.S. Government agencies and corporations               556         486       1,057         928
    Obligations of states and political subdivisions                       155         185         314         355
    Other securities                                                        75          74         149         115
Interest on federal funds sold                                              23          19          41          89
                                                                       -------     -------     -------     -------
               Total interest income                                     6,355       6,046      12,443      12,094
                                                                       -------     -------     -------     -------
INTEREST EXPENSE
  Interest on deposits                                                   2,385       2,437       4,718       5,026
  Interest on other borrowings                                             264         147         434         250
                                                                       -------     -------     -------     -------
               Total interest expense                                    2,649       2,584       5,152       5,276
                                                                       -------     -------     -------     -------
               Net interest income                                       3,706       3,462       7,291       6,818

PROVISION FOR LOAN LOSSES                                                  100          60         175         120
                                                                       -------     -------     -------     -------
               Net interest income after provision for loan losses       3,606       3,402       7,116       6,698
                                                                       -------     -------     -------     -------
NON-INTEREST INCOME
  Trust income                                                             118         107         234         216
  Service charges on deposit accounts                                      231         197         453         379
  Gain (loss) on sale of investment securities                            --          --          --          --
  Gain (loss) on sale of loans                                            --             3        --             4
  Other operating income                                                   221         166         436         293
                                                                       -------     -------     -------     -------
               Total non-interest income                                   570         473       1,123         892
                                                                       -------     -------     -------     -------
NON-INTEREST EXPENSES
  Salaries, wages and employee benefits                                  1,540       1,488       3,100       2,956
  Net occupancy expense of premises                                        156         157         329         320
  Amortization of goodwill                                                 160         159         319         319
  Other operating expenses                                                 960         906       1,861       1,769
                                                                       -------     -------     -------     -------
               Total non-interest expenses                               2,816       2,710       5,609       5,364
                                                                       -------     -------     -------     -------
               Income before federal income taxes                        1,360       1,165       2,630       2,226

FEDERAL INCOME TAXES                                                       460         380         886         745
                                                                       -------     -------     -------     -------
NET INCOME                                                             $   900     $   785     $ 1,744     $ 1,481
                                                                       =======     =======     =======     =======
 Net income per share, based on 1,909,471 shares in 2000 and
  1,904,488 shares in 1999                                             $   .47     $   .41     $   .91     $   .78
                                                                       =======     =======     =======     =======
 Dividends declared per share                                          $   .20     $   .18     $   .40     $   .35
                                                                       =======     =======     =======     =======

COMPREHENSIVE INCOME                                                   $   953     $   482     $ 1,712     $ 1,085
                                                                       =======     =======     =======     =======
</TABLE>

See notes to consolidated financial statements.

<PAGE>   7


                          CROGHAN BANCSHARES, INC.

              Consolidated Statements of Cash Flows (Unaudited)

<TABLE>
<CAPTION>
                                                                                                    Six months ended
                                                                                                        June 30
                                                                                             2000                      1999
                                                                                                 (Dollars in thousands)

<S>                                                                                        <C>                      <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income                                                                               $  1,744                 $  1,481
  Adjustments to reconcile net income to net cash provided by operating activities:
        Depreciation and amortization                                                           631                      633
        Provision for loan losses                                                               175                      120
        Deferred federal income taxes                                                           (14)                     132
        FHLB stock dividend                                                                     (53)                     (48)
        Net amortization of investment security premiums and discounts                           51                       44
        Loss (gain) on sale of investment securities                                              -                        -
        Loss (gain) on sale of loans                                                              -                       (4)
        Loss (gain) on disposal of equipment                                                      1                       16
        Increase in cash value of life insurance                                                (79)                     (24)
        Decrease (increase) in accrued interest receivable                                       51                       63
        Decrease (increase) in other assets                                                     (30)                       3
        Increase (decrease) in other liabilities                                                186                     (216)
                                                                                           --------                 --------
               Net cash provided by operating activities                                      2,663                    2,200
                                                                                           --------                 --------
CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of investment securities:
        Available-for-sale                                                                   (5,500)                 (21,751)
        Held-to-maturity                                                                       (713)                  (7,313)
  Proceeds from maturities of investment securities                                           8,582                   20,316
  Proceeds from sale of available-for-sale investment securities                                  -                    1,000
  Proceeds from sale of loans receivable                                                          -                      869
  Net decrease (increase) in loans receivable                                                (6,912)                   5,225
  Payment of single premiums on split dollar life insurance policies                              -                   (3,094)
  Capital expenditures                                                                         (158)                    (109)
  Proceeds from sale of equipment                                                                 -                        5
                                                                                           --------                 --------
               Net cash provided by (used in) investing activities                           (4,701)                  (4,852)
                                                                                           --------                 --------
CASH FLOWS FROM FINANCING ACTIVITIES
  Net increase (decrease) in total deposits                                                 (10,523)                 (11,516)
  Increase (decrease) in federal funds purchased and securities sold under
    repurchase agreements                                                                     9,581                    2,644
  Increase (decrease) in borrowed funds                                                      (1,000)                   3,665
  Proceeds from issuance of common stock                                                         51                       86
  Cash dividends paid                                                                          (744)                    (609)
                                                                                           --------                 --------
  Net cash provided by (used in) financing activities                                        (2,635)                  (5,730)
                                                                                           --------                 --------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                             (4,673)                  (8,382)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                             15,793                   18,634
                                                                                           --------                 --------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                                                 $ 11,120                 $ 10,252
                                                                                           ========                 ========

SUPPLEMENTAL DISCLOSURES
  Cash paid during the year for:
          Interest                                                                         $  5,247                 $  5,395
                                                                                           ========                 ========
          Federal income taxes                                                             $    760                 $    575
                                                                                           ========                 ========
  Transfer of loans to other real estate                                                   $      -                 $      -
                                                                                           ========                 ========
</TABLE>

See notes to consolidated financial statements.


<PAGE>   8



                            CROGHAN BANCSHARES, INC.
                   Notes to Consolidated Financial Statements
                                 June 30, 2000
                                  (Unaudited)

(1)   Consolidated Financial Statements

      The consolidated financial statements have been prepared by
      Croghan Bancshares, Inc. (the "Corporation") without audit. In the
      opinion of management, all adjustments (which include only normal
      recurring adjustments) necessary to present fairly the Corporation's
      financial position, results of operations and changes in cash flows have
      been made.

      Certain information and footnote disclosures normally included in
      financial statements prepared in accordance with generally accepted
      accounting principles have been omitted. The results of operations for the
      period ended June 30, 2000 are not necessarily indicative of the operating
      results for the full year.

(2)   NEW ACCOUNTING PRINCIPLE

      In June 1998, the Financial Accounting Standards Board issued Statement
      No. 133, "Accounting for Derivative Instruments and Hedging Activities",
      which establishes accounting and reporting standards for derivative
      instruments and hedging activities. Under Statement 133, derivatives are
      recognized on the balance sheet at fair value as an asset or liability.
      Changes in the fair value of derivatives is reported as a component of
      other comprehensive income or recognized as earnings through the income
      statement depending on the nature of the instrument. Statement 133 was
      issued in June 1999, and deferred the effectiveness of Statement 133 to
      all quarters of fiscal years beginning after June 15, 2000, with earlier
      adoption permitted.

      There was no impact on the Corporation's consolidated financial statements
      as a result of adopting Statement 133 during the second quarter of
      2000 since the Corporation did not hold any derivative instruments or
      conduct hedging activities during the period.



<PAGE>   9
                            CROGHAN BANCSHARES, INC.

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


When or if used in the Corporations's Securities and Exchange Commission filings
or, other public or shareholder communications, or in oral statements made with
the approval of an authorized executive officer, the words or phrases:
"anticipate", "would be", "will allow", "intends to", "will likely result", "are
expected to", "will continue", "is anticipated", "is estimated", "is projected",
or similar expressions are intended to identify "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Any
such statements are subject to risks and uncertainties that include but are not
limited to: changes in economic conditions in the Corporation's market area,
changes in policies by regulatory agencies, fluctuations in interest rates,
demand for loans in the Corporation's market area, and competition. All or some
of these factors could cause actual results to differ materially from historical
earnings and those presently anticipated or projected.

The Corporation cautions readers not to place undue reliance on any such forward
looking statements, which speak only as of the date made, and advises readers
that various factors including regional and national economic conditions,
substantial changes in the levels of market interest rates, credit and other
risks associated with lending and investing activities, and competitive and
regulatory factors could affect the Corporation's financial performance and
could cause the Corporation's actual results for future periods to differ
materially from those anticipated or projected. The Corporation does not
undertake, and specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences or unanticipated events or
circumstances after the date of such statements.

PERFORMANCE SUMMARY

Assets at June 30, 2000 totalled $349,750,000 compared to $350,586,000 at 1999
year end. Total deposits decreased to $283,994,000 from $294,587,000 at year end
and total loans receivable increased to $246,039,000 from $239,409,000 at year
end.

Net income for the quarter ended June 30, 2000 was $900,000 or $.47 per common
share compared to $785,000 or $.41 per common share for the same period in
1999,and net income for the six-month period ended June 30, 2000 was $1,744,000
or $.91 per common share compared to $1,481,000 or $.78 per common share for the
same period in 1999. Operating results for 2000 continued to be positively
impacted by an increase in the net interest margin and increase in loans
receivable from one year ago levels.

DEPOSITS, LOANS RECEIVABLE, INVESTMENT SECURITIES, OTHER LIABILITIES, AND
STOCKHOLDERS' EQUITY

Total deposits at June 30, 2000 decreased $10,593,000 or 3.6 percent from 1999
year end. The liquid deposit category (demand, savings, NOW and money market
deposit accounts) decreased $8,912,000 while the time deposit category decreased
$1,681,000. Total loans receivable increased $6,630,000 or 2.8 percent from 1999
year end. Total investment securities decreased $2,414,000 or 3.1 percent from
1999 year end as a result of proceeds from maturing securities being used to
fund loan demand. Federal funds purchased and securities sold under repurchase
agreements increased $9,581,000 and represented a source of funding to replace
deposits.

Stockholders' equity at June 30, 2000 increased to $36,039,000 or $18.86
book value per common share compared to $35,039,000 or $18.36 book value per
common share at December 31, 1999. Stockholders' equity at June 30, 2000
included

<PAGE>   10


accumulated other comprehensive loss consisting of the net unrealized loss on
investment securities classified as available-for-sale. At, June 30,
2000, Croghan held $36,737,000 of available-for-sale securities with a net
unrealized loss of $397,000 net of income taxes. This compares to 1999 year-end
holdings of $37,336,000 with a net unrealized loss of $365,000 net of income
taxes. Consistent with the Corporation's quarterly dividend policy, a dividend
of $.20 per share was declared on June 13, 2000 to be paid on July 31, 2000.

NET INTEREST INCOME

Net interest income, which represents the excess revenue generated from earning
assets over the interest cost of funding those assets, increased $244,000 for
the quarter ended June 30, 2000 compared to the same period in 1999, and
increased $473,000 for the six-month period ended June 30, 2000 compared to the
same period in 1999. The net interest yield (net interest income divided by
average earning assets) was 4.62 percent for the quarter ended June 30,
2000 compared to 4.37 percent for the same period in 1999, and was 4.59 percent
for the six-month period ended June 30, 2000 compared to 4.30 percent for the
same period in 1999. The higher margin was a result of an increase in market
loan rates, while maintaining a level cost of funds.

PROVISION FOR LOAN LOSSES AND THE ALLOWANCE FOR LOAN LOSSES

The following table details factors relating to the provision and allowance for
loan losses for the periods noted:

                                          Six Months Ended  Twelve Months Ended
                                               June 30,        December 31,
                                                  2000            1999
                                                  (Dollars in thousands)
Provision for loan losses charged
    to expense                                  $  175          $  240
Net loan charge-offs                               282             462
Net loan charge-offs as a percent
   of average outstanding net loans                .12%            .20%
Nonaccrual loans                                $  541          $  392
Loans past due 90 days or more                   1,224           2,144
Potential problem loans, other than those
   past due 90 days or more, nonaccrual,
   or restructured                               1,116           1,176
Allowance for loan losses                        3,089           3,196
Allowance for loan losses as a
   percent of period-end loans receivable         1.26%           1.33%

The provision for loan losses for the first six months of 2000 appearing in
the Consolidated Statements of Operations and Comprehensive Income totalled
$175,000. This provision compares to $120,000 expensed during the same period in
1999. Net loan charge offs were $282,000 for the first six months of 2000
compared to net charge offs of $201,000 during the same period in 1999.

Nonaccrual loans totalled $541,000 at June 30, 2000 compared to $392,000
at December 31, 1999. Loans past due 90 days or more at June 30, 2000 decreased
by $920,000 and other potential problem loans decreased $60,000 from December
31, 1999 figures. The asset quality trends are being monitored throughout 2000
to ensure adequate provisions for loan losses are calculated and expensed.
The Corporation's allowance for loan losses as a percentage of outstanding
loans dropped to 1.26 percent for June 30, 2000 compared to 1.33 percent on
December 31, 1999.

It is the Corporation's policy to maintain the allowance for loan losses at
a level to provide for reasonably foreseeable losses. To accomplish
this objective, a loan review process is conducted by an outside consulting
firm which facilitates the early identification of problem loans and ensures
sound credit decisions. Management considers the balance at June 30, 2000 to be

<PAGE>   11

adequate to provide for losses inherent to the loan portfolio.

NON-INTEREST INCOME

Total non-interest income increased $97,000 or 20.5 percent for the quarter
ended June 30, 2000 compared to the same period in 1999, and increased
$231,000 or 25.9 percent for the six-month period ended June 30, 2000 compared
to the same period in 1999. Trust department fee income increased $11,000
between comparable quarterly periods and $18,000 between comparable six-month
periods. Service charges on deposit accounts increased $34,000 between
comparable quarterly periods and increased $74,000 between comparable six-month
periods.

Gains on the sale of loans to the Federal Home Loan Mortgage Corporation
(Freddie Mac) totalled $3,000 for the quarterly period ended June 30, 1999 and
$4,000 for the first six months of 1999. There were no such gains during the
first six months of 2000. Other operating income increased $55,000 between
comparable quarterly periods and increased $143,000 between comparable
six-month periods. The primary source of this increase was an increase in the
cash value of officers' life insurance and fees generated from the Bank's
Invest Department.


NON-INTEREST EXPENSES

Total non-interest expenses increased $106,000 or 3.9 percent for the quarter
ended June 30, 2000 compared to the same period in 1999, and increased $245,000
or 4.6 percent for the six-month period ended June 30, 2000 compared to the same
period in 1999. Salaries, wages and employee benefits increased $52,000 between
comparable quarterly periods and $144,000 between comparable six-month periods.
Net occupancy expense of premises decreased $1,000 between comparable quarterly
periods and increased $9,000 between comparable six-month periods. Goodwill
amortization is related to the August 1, 1996 purchase of Union Bancshares Corp.
Other operating expenses increased $54,000 or 6.0 percent between quarterly
periods and increased $92,000 or 5.2 percent between comparable six-month
periods.



FEDERAL INCOME TAX EXPENSE

Federal income tax expense increased $80,000 or 21.1 percent between
comparable quarterly periods, and $141,000 or 18.9 percent between comparable
six-month periods due to an increase in income before federal income taxes.
The Corporation's effective tax rate for the six months ended June 30,
2000 increased to 33.7 percent compared to 33.5 percent for the same period in
1999.

LIQUIDITY AND CAPITAL RESOURCES

Average federal funds sold positions of $1,457,000 and $1,358,000 were
maintained for the quarterly and six-month periods, respectively, ended June
30, 2000. Short-term borrowings of federal funds purchased and repurchase
agreements averaged $13,456,000 and $11,497,000 for the quarterly and six-month
periods, respectively.

Federal Home Loan Bank borrowings totalled $6,000,000 at June 30, 2000
with $2,000,000 due in September and November of 2000, and $2,000,000 is due
in October 2005.

Capital expenditures for premises and equipment totalled $158,000 for the
six-month period ended June 30, 2000. This compares to $109,000 for same period
in 1999. Projected 2000 capital expenditures total $350,000.




<PAGE>   12

                                   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.



                                        CROGHAN BANCSHARES, INC
                                     -------------------------------
                                               Registrant



Date:  July 27, 2000                    /s/ Thomas F. Hite
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                                       Thomas F. Hite, President



Date:  July 27, 2000                    /s/ Joseph W. Berger
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                                        Joseph W. Berger, Treasurer/
                                        Principal Financial Officer