SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported):              November 25, 2003
                                                               -----------------


                                 PEOPLES BANCORP
--------------------------------------------------------------------------------
             (Exact name of Registrant as Specified in its Charter)



        Indiana                          000-18991                 35-1811284
--------------------------------------------------------------------------------
(State or Other Jurisdiction            (Commission              (IRS Employer
     of Incorporation)                  File Number)         Identification No.)


212 West 7th Street, Auburn, Indiana                                     46706
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code:               (260) 925-2500
                                                                  --------------



                                 Not Applicable
--------------------------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)



                                        1
<PAGE>

                                 PEOPLES BANCORP
                                AND SUBSIDIARIES



ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a) Not applicable

(b) Not applicable

(c) The following exhibit is filed herewith:

              Exhibit 99            Press Release dated November 25, 2003


ITEM 9.  REGULATION D DISCLOSURE

     On November 25, 2003, Peoples Bancorp issued a press release announcing its
Unaudited financial results for the year ended September 30, 2003. A copy of the
press  release is  attached  to this  Report as an exhibit  and is  incorporated
herein by reference.  The attached  exhibit is furnished  pursuant to Item 12 of
Form 8-K.



                                        2
<PAGE>

                                 PEOPLES BANCORP
                                AND SUBSIDIARIES

                                   SIGNATURES


Under 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.


Date:    November 25, 2003                            /s/Maurice F. Winkler, III
                                                      Chief Executive Officer



                                        3
<PAGE>

                                                         Exhibit 99




                                       Date:             November 25, 2003
For Immediate Release                  NASDAQ Symbol:    PFDC
                                       Contact:          Maurice F. Winkler, III
                                       Phone:            260-925-2500



                     Peoples Bancorp Reports Record Earnings

     Peoples  Bancorp  reported  record net  income  for the  fiscal  year ended
September  30, 2003,  of  $5,749,305 a 6.3%  increase  from the previous  year's
income of  $5,404,981.  Earnings per share  increased  6.4% from $1.56 in fiscal
2002 to $1.66 in  fiscal  2003.  Both  Peoples  Federal  Savings  Bank and First
Savings Bank reported increases in their net income.

     Maurice F.  Winkler,  III,  President,  stated  ,"Both our banks had record
earnings  performance  during fiscal 2003. Our  management  teams were very busy
this year with the record number of loan  originations,  the introduction of our
Internet  Banking,  and the  conversion  of the First  Savings  data  processing
system."

     On September 30, 2003,  stockholders  equity was $63,924,854 with a capital
to assets  ratio of 12.7% and a book  value of  $18.68.  Peoples  had  3,421,895
shares of stock outstanding as of September 30, 2003, and during fiscal 2003 the
Company repurchased 25,291 shares. The closing price of Peoples Bancorp stock as
of  November  24,  2003,  was $25.00 per share as listed on the NASDAQ  National
Marketing System under the symbol PFDC.

     Peoples Bancorp,  through its Indiana  subsidiary,  Peoples Federal Savings
Bank, operates nine full-service  offices located in Auburn,  Avilla,  LaGrange,
Garrett,  Kendallville,  Waterloo,  Topeka,  and two in Columbia City,  Indiana.
Peoples Bancorp's  Michigan  subsidiary,  First Savings Bank,  operates six full
service offices located in Three Rivers (two offices), Schoolcraft, and Union in
Michigan, and Howe and Middlebury in Indiana.




                                       4
<PAGE>
     PEOPLES BANCORP
           SELECTED CONSOLIDATED FINANCIAL DATA OF THE COMPANY

                                                 September 30
                                           2003                 2002
                                        --------------     ---------------
Financial Condition Data:
   Total assets                         $ 502,920,006       $ 506,460,255
   Loans receivable, net                  356,953,361         385,019,764
   Investments and other
      interest-earning assets             122,104,691          97,439,040
   Deposits                               380,115,884         379,936,471
   Borrowed funds                          56,749,653          62,292,774
   Stockholders' equity                    63,924,854          60,846,197

                                          For Year Ended September 30
                                           2003                 2002
                                        --------------     ---------------
Operating Data:
   Interest income                       $ 29,748,296        $ 33,365,200
   Interest expense                        12,147,419          15,704,094
                                        --------------     ---------------
   Net interest income                     17,600,877          17,661,106
   Provision
      for losses on loans                     537,181             347,862
                                        --------------     --------------
   Net interest income
      after provision
      for losses on loans                  17,063,696          17,313,244
   Other income                             2,713,522           2,205,742
   Other expenses                          11,032,427          10,656,380
                                        --------------     ---------------
   Income before income taxes               8,744,791           8,862,606
   Income tax expense                       2,995,486           3,457,625
                                        --------------     ---------------
   Net income                             $ 5,749,305         $ 5,404,981
                                        ==============     ===============

   Basic earnings per share                     $1.67               $1.56

    Diluted earnings per share                  $1.66               $1.56

   Dividends per common share                   $0.65               $0.61

Other Data:
   Average yield
      on interest-earning assets                6.21%               7.24%
   Average cost
      of interest-bearing liabilities            2.76                3.69
                                        --------------     ---------------
   Interest rate spread                         3.45%               3.55%
                                        ==============     ===============

   Number of full service banking offices          15                  15
   Return on assets (net income divided by
     average total assets)                     1.14%               1.11%
   Return on equity (net income divided
      by average total equity)                  9.19%               9.14%
   Dividend payout ratio
      (dividends per common share divided by
      net income per common share)             38.92%              39.10%
   Equity to assets ratio (average total equity
      divided by average total assets)         12.39%              12.15%

                                       5
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):              November 25, 2003
                                                               -----------------

                                 PEOPLES BANCORP
--------------------------------------------------------------------------------
             (Exact name of Registrant as Specified in its Charter)

        Indiana                          000-18991                 35-1811284
--------------------------------------------------------------------------------
(State or Other Jurisdiction            (Commission              (IRS Employer
     of Incorporation)                  File Number)         Identification No.)

212 West 7th Street, Auburn, Indiana                                     46706
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)

Registrant's telephone number, including area code:               (260) 925-2500
                                                                  --------------

                                 Not Applicable
--------------------------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)

                                        1
PEOPLES BANCORP
                                AND SUBSIDIARIES

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a) Not applicable

(b) Not applicable

(c) The following exhibit is filed herewith:

              Exhibit 99            Press Release dated November 25, 2003

ITEM 9.  REGULATION D DISCLOSURE

     On November 25, 2003, Peoples Bancorp issued a press release announcing its
Unaudited financial results for the year ended September 30, 2003. A copy of the
press  release is  attached  to this  Report as an exhibit  and is  incorporated
herein by reference.  The attached  exhibit is furnished  pursuant to Item 12 of
Form 8-K.

                                        2
PEOPLES BANCORP
                                AND SUBSIDIARIES

                                   SIGNATURES

Under 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.

Date:    November 25, 2003                            /s/Maurice F. Winkler, III
                                                      Chief Executive Officer

                                        3
Exhibit 99

                                       Date:             November 25, 2003
For Immediate Release                  NASDAQ Symbol:    PFDC
                                       Contact:          Maurice F. Winkler, III
                                       Phone:            260-925-2500

                     Peoples Bancorp Reports Record Earnings

     Peoples  Bancorp  reported  record net  income  for the  fiscal  year ended
September  30, 2003,  of  $5,749,305 a 6.3%  increase  from the previous  year's
income of  $5,404,981.  Earnings per share  increased  6.4% from $1.56 in fiscal
2002 to $1.66 in  fiscal  2003.  Both  Peoples  Federal  Savings  Bank and First
Savings Bank reported increases in their net income.

     Maurice F.  Winkler,  III,  President,  stated  ,"Both our banks had record
earnings  performance  during fiscal 2003. Our  management  teams were very busy
this year with the record number of loan  originations,  the introduction of our
Internet  Banking,  and the  conversion  of the First  Savings  data  processing
system."

     On September 30, 2003,  stockholders  equity was $63,924,854 with a capital
to assets  ratio of 12.7% and a book  value of  $18.68.  Peoples  had  3,421,895
shares of stock outstanding as of September 30, 2003, and during fiscal 2003 the
Company repurchased 25,291 shares. The closing price of Peoples Bancorp stock as
of  November  24,  2003,  was $25.00 per share as listed on the NASDAQ  National
Marketing System under the symbol PFDC.

     Peoples Bancorp,  through its Indiana  subsidiary,  Peoples Federal Savings
Bank, operates nine full-service  offices located in Auburn,  Avilla,  LaGrange,
Garrett,  Kendallville,  Waterloo,  Topeka,  and two in Columbia City,  Indiana.
Peoples Bancorp's  Michigan  subsidiary,  First Savings Bank,  operates six full
service offices located in Three Rivers (two offices), Schoolcraft, and Union in
Michigan, and Howe and Middlebury in Indiana.

                                       4
PEOPLES BANCORP
           SELECTED CONSOLIDATED FINANCIAL DATA OF THE COMPANY

                                                 September 30
                                           2003                 2002
                                        --------------     ---------------
Financial Condition Data:
   Total assets                         $ 502,920,006       $ 506,460,255
   Loans receivable, net                  356,953,361         385,019,764
   Investments and other
      interest-earning assets             122,104,691          97,439,040
   Deposits                               380,115,884         379,936,471
   Borrowed funds                          56,749,653          62,292,774
   Stockholders' equity                    63,924,854          60,846,197

                                          For Year Ended September 30
                                           2003                 2002
                                        --------------     ---------------
Operating Data:
   Interest income                       $ 29,748,296        $ 33,365,200
   Interest expense                        12,147,419          15,704,094
                                        --------------     ---------------
   Net interest income                     17,600,877          17,661,106
   Provision
      for losses on loans                     537,181             347,862
                                        --------------     --------------
   Net interest income
      after provision
      for losses on loans                  17,063,696          17,313,244
   Other income                             2,713,522           2,205,742
   Other expenses                          11,032,427          10,656,380
                                        --------------     ---------------
   Income before income taxes               8,744,791           8,862,606
   Income tax expense                       2,995,486           3,457,625
                                        --------------     ---------------
   Net income                             $ 5,749,305         $ 5,404,981
                                        ==============     ===============

   Basic earnings per share                     $1.67               $1.56

    Diluted earnings per share                  $1.66               $1.56

   Dividends per common share                   $0.65               $0.61

Other Data:
   Average yield
      on interest-earning assets                6.21%               7.24%
   Average cost
      of interest-bearing liabilities            2.76                3.69
                                        --------------     ---------------
   Interest rate spread                         3.45%               3.55%
                                        ==============     ===============

   Number of full service banking offices          15                  15
   Return on assets (net income divided by
     average total assets)                     1.14%               1.11%
   Return on equity (net income divided
      by average total equity)                  9.19%               9.14%
   Dividend payout ratio
      (dividends per common share divided by
      net income per common share)             38.92%              39.10%
   Equity to assets ratio (average total equity
      divided by average total assets)         12.39%              12.15%

                                       5