UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    ---------
                                  FORM 10-Q SB


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

For the quarterly period ended:  December 31, 1999
                                 -----------------

                                       OR

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

For the transition period from ___________ to ____________

                         Commission file number 0-29687
                                                -------

                                  EAGLE BANCORP
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

     UNITED STATES OF AMERICA                           81-0531318
- ----------------------------------------       ------------------------------
  (State or other jurisdiction            (I.R.S.  employer  identification no.)
 of incorporator or organization)


                              1400 PROSPECT AVENUE
                              HELENA, MONTANA 59601
          ------------------------------------------------------------
                (Address of principal executive offices/ZIP Code)


Registrant's telephone number, including area code           406-442-3080
                                                             ------------

         Indicate  by check  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
                                               ---    ---

         As of April 3,  2000,  there were 0 shares of the  Registrant's  common
stock outstanding.

         Traditional Small Business Disclosure Format (check one):

         Yes  X   No
             ---     ---






                                     PART I

                              FINANCIAL INFORMATION


Item 1.   Financial Statements

         The  Registrant is Eagle  Bancorp.  It has, as of the date hereof,  not
conducted  any  operations  has  no  operating  results  and  will  not  conduct
operations until consummation of the transaction contemplated in the Amended and
Restated  Plan of Mutual  Holding  Company  Reorganization  and  Stock  Issuance
involving  Eagle  Bancorp and  American  Federal  Savings Bank (the  "Bank"),  a
federally chartered mutual savings bank. Attached hereto as Exhibit 99.1 are the
relevant  portions  of the Thrift  Financial  Report  ("TFR")  of the Bank.  The
portions are incorporated herein by reference.  As of December 31, 1999, and the
date hereof,  the Registrant was in formation,  as disclosed in its registration
statement on Form SB-2  (Registration No.  333-93077).  Upon the consummation of
the  reorganization  of the Bank from its present mutual form to the stock form,
the  Registrant  will  become  the stock  holding  company  for the Bank and the
Registrant's  common stock will be held by the public and Eagle  Financial  MHC,
its mutual holding company.  As of December 31, 1999, the Bank remained a mutual
entity and, as such,  its  financial  information  was filed with the OTS on the
TFR.

Item 2.  Management's Discussion and Analysis or Plan of Operation.

         Not  applicable  as  the  reorganization  of  the  Bank  has  not  been
consummated as of the dated hereof.


                                     PART II

                                OTHER INFORMATION


Item 1.  Legal Proceedings.

         None


Item 2.  Changes in Securities and Use of Proceeds,

         None

Item 3.  Default Upon Senior Securities.

         None







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

         None

Item 5.  Other Information.

         None

Item 6.  Exhibits and Reports on Form 8-K

         (a)   Exhibits

               99.1 - Portions of Thrift  Financial  Report of American  Federal
                      Savings Bank for the quarter ended 12/31/99

         (b)   Reports on Form 8-K

               None



                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the Registrant
causes this Report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                          EAGLE BANCORP (In Formation)


Dated:  April 3, 2000             By:      /s/
                                           ---------------------
                                           Larry A. Dreyer
                                           President and Chief Executive Officer


Dated:  April 3, 2000                      /s/
                                           ---------------------
                                           Peter J. Johnson
                                           Senior Vice President and Treasurer