UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                ________________

                                   FORM 10-QSB

(Mark One)

---
 X                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
---               EXCHANGE ACT OF 1934

                  For the quarterly period ended December 31, 2005
                                                 -----------------

                                       OR

---
                  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF EXCHANGE ACT
---

                  For the transition period from __________to__________

                           Commission File No. 0-24621

                            Farnsworth Bancorp, Inc.
--------------------------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in Its Charter)


New Jersey                                                      22-3591051
--------------------------------------------------------------------------------
(State or Other Jurisdiction of                               (I.R.S. Employer
Incorporation or Organization)                               Identification No.)

               789 Farnsworth Avenue, Bordentown, New Jersey 08505
               ---------------------------------------------------
                    (Address of Principal Executive Offices)


                                 (609) 298-0723
--------------------------------------------------------------------------------
                 Issuer's Telephone Number, Including Area Code

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

                              YES    X              NO
                                    ---                  ---
Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

                              YES                   NO    X
                                    ---                  ---

  Number of shares of Common Stock outstanding as of February 2, 2006: 650,530
                                                                       -------

            Transitional Small Business Disclosure Format (check one)

                              YES                   NO    X
                                    ---                  ---

<PAGE>

                                    Contents
                                    --------


<TABLE>
<CAPTION>
PART 1 - FINANCIAL INFORMATION                                                                    Page(s)
                                                                                                  -------
<S>                                                                                                <C>
Item 1.    Financial Statements
           Consolidated Statements of Financial Condition at December 31, 2005
           (unaudited) and September 30, 2005 (audited)............................................  1

            Consolidated Statements of Income and Comprehensive Income for the three
           months ended December 31, 2005, and 2004 (unaudited)....................................  2

           Consolidated Statements of Cash Flows for the three months ended
           December 31, 2005 and 2004 (unaudited)..................................................  3

           Notes to Financial Statements...........................................................  4

Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations...................................................................  6

Item 3.    Controls and Procedures.................................................................  8

PART II - OTHER INFORMATION

Item 1.    Legal Proceedings.......................................................................  9

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds.............................  9

Item 3.    Defaults upon Senior Securities.........................................................  9

Item 4.    Submission of Matters to a Vote of Security Holders.....................................  9

Item 5.    Other Information.......................................................................  9

Item 6.    Exhibits ...............................................................................  9

Signatures ........................................................................................  10

Certifications.....................................................................................  11

                                       i
</TABLE>

<PAGE>

                    FARNSWORTH BANCORP INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

<TABLE>
<CAPTION>
                                                              DECEMBER 31,    SEPTEMBER 30,
                                                                 2005             2005
                                                             -------------    -------------
                                                              (UNAUDITED)       (AUDITED)
<S>                                                        <C>              <C>
ASSETS

Cash and due from banks                                      $   7,097,569    $  10,278,409
Securities available for sale                                   20,965,704       19,418,925
Securities held to maturity                                        771,415          969,864
Loans receivable, net                                           71,808,157       70,005,215
Accrued interest receivable                                        423,067          438,935
Federal Home Loan Bank of New York (FHLB) stock
  at cost substantially restricted                                 171,400          520,200
Deferred income taxes                                              537,714          216,990
Premises and equipment                                           2,182,211        2,211,706
Other assets                                                       112,477           85,247
                                                             -------------    -------------

         Total assets                                        $ 104,069,714    $ 104,145,491
                                                             =============    =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                     $  93,532,421    $  93,583,060
Borrowings from FHLB                                               614,413          654,696
Advances by borrowers for taxes and insurance                      285,084          404,956
Accrued income taxes                                               174,875           26,586
Accrued interest payable                                           102,869           84,606
Accounts payable and other accrued
  expenses                                                         163,528          154,816
                                                             -------------    -------------

         Total liabilities                                      94,873,190       94,908,720
                                                             -------------    -------------

Preferred stock $.10 par value, 1,000,000
  shares authorized; none issued and
  outstanding
Common stock $.10 par value, 5,000,000 shares authorized;
  662,698 shares issued, at December 31 2005 and September
  30, 2005; shares outstanding  650,535 and 650,316 at
  December 31, 2005 and September 30, 2005 respectively             66,270           66,270
Additional paid in capital                                       8,483,529        8,481,669
Retained earnings substantially restricted                       1,397,227        1,339,579
Treasury stock at cost 12,163 shares at December 31, 2005
  and 12,382 shares at September 30, 2005                         (118,521)        (120,658)
Common stock aquired by
  employee stock ownership plan (ESOP)                            (230,774)        (240,021)
Accumulated other comprehensive income , unrealized
  depreciation on available for sale securities,
  net of taxes                                                    (401,207)        (290,068)
                                                             -------------    -------------

         Total stockholders' equity                              9,196,524        9,236,771
                                                             -------------    -------------

         Total liabilities and
          stockholders' equity                               $ 104,069,714    $ 104,145,491
                                                             =============    =============
</TABLE>
                        SEE NOTES TO FINANCIAL STATEMENTS

                                       1

<PAGE>
                    FARNSWORTH BANCORP, INC. AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF INCOME
                         AND COMPREHENSIVE INCOME( LOSS)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                      THREE MONTHS ENDED
                                                         DECEMBER 31,
                                                      2005           2004
                                                  -----------    -----------
<S>                                             <C>            <C>
Interest income:
  Loans receivable                                $ 1,260,569    $ 1,143,621
  Securities                                          228,917        206,043
  Federal funds sold                                   63,807         35,029
                                                  -----------    -----------
        Total interest income                       1,553,293      1,384,693
                                                  -----------    -----------

Interest expense:
  Deposits                                            576,395        426,305
  Federal Home Loan Bank advances                       9,280         11,599
                                                  -----------    -----------
        Total interest expense                        585,675        437,904
                                                  -----------    -----------
Net interest income                                   967,618        946,789

Provision for loan losses                              30,000         21,801
                                                  -----------    -----------

        Net interest income after
          provision for loan losses                   937,618        924,988
                                                  -----------    -----------

Noninterest income:
  Fees and other service charges                       70,057         77,451
  Net realized gain on available for sale:
    Loans                                                   -          7,537
    Securities                                          5,156          3,217
                                                  -----------    -----------
        Total noninterest income                       75,213         88,205
                                                  -----------    -----------

Noninterest expense:
  Compensation and benefits                           465,748        469,038
  Occupancy and equipment                             126,860        132,070
  Professional fees                                    77,033         54,825
  Service fees                                         66,257         41,951
  Other                                               112,259        121,086
                                                  -----------    -----------
        Total noninterest expense                     848,157        818,970
                                                  -----------    -----------

Income  before provision for income
  tax expense                                         164,674        194,223
Provision for income tax expense                       74,500         81,800
                                                  -----------    -----------
        Net income                                     90,174        112,423

Other Comprehensive Income (loss), net of taxes
  Unrealized loss on Securities
    Available for Sale                               (108,045)       (99,626)
  Reclassification adjustments for gains
    included in net income                             (3,094)        (1,930)
                                                  -----------    -----------

Comprehensive Income (loss)                       $   (20,965)   $    10,867
                                                  ===========    ===========

Net income per common share:
  Basic                                           $      0.14    $      0.20
  Diluted                                         $      0.14    $      0.18

Weighted average number of shares
outstanding during the period:
  Basic                                               627,732        575,655
  Diluted                                             667,179        611,667
</TABLE>


                        SEE NOTES TO FINANCIAL STATEMENTS

                                       2

<PAGE>

                    FARNSWORTH BANCORP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                         THREE MONTHS ENDED DECEMBER 31

<TABLE>
<CAPTION>

                                                                   2005            2004
                                                               ------------    ------------
<S>                                                        <C>             <C>
Cash flows from operating activities:
  Net income                                                   $     90,174    $    112,423
                                                               ------------    ------------
  Adjustments to reconcile net income
   to net cash provided by operating activities
    Depreciation and amortization                                    36,903          48,022
    Stock compensation                                               13,244          26,965
    Provision for loan losses                                        30,000          21,801
    Net gain on sale of AFS securities                               (5,156)         (3,217)
   Change in:
     Accrued interest receivable                                     15,868          38,511
     Other assets                                                   (27,230)         68,333
     Advances from borrowers                                       (117,083)        (45,744)
     Accrued and deferred income taxes                             (103,602)         (4,331)
     Accrued interest payable                                        18,263           8,068
     Other accrued liabilities                                        8,712         (25,640)
                                                               ------------    ------------

         Total adjustments                                         (130,081)        132,768
                                                               ------------    ------------

         Net cash provided by (used in) operating
          activities                                                (39,907)        245,191
                                                               ------------    ------------
Cash flows from investing activities:

  Net change in loans receivable                                 (1,832,942)        122,609
  Redemption of securities, held to maturity                        198,449          15,309
  Redemption of securities, available for sale                      250,624         207,785
  Purchase of securities, held to maturity                                -        (672,288)
  Proceeds from sale of securities available for sale             3,931,562       4,593,051
  Purchase of securities, available for sale net                 (5,906,570)     (7,478,648)
 Redemption of FHLB stock                                           348,800
  Purchase of premises and equipment                                 (7,408)         (4,595)
                                                               ------------    ------------

         Net cash used in investing activities                   (3,017,485)     (3,216,777)
                                                               ------------    ------------

Cash flows from financing activities:
  Net change  in deposits                                           (50,639)      3,929,896
  Repayment of  Federal Home Loan Bank Borrowings                   (40,283)        (37,985)
  Proceeds from sale of stock, net                                        -       1,785,691
  Dividends paid                                                    (32,526)        (32,515)
                                                               ------------    ------------

         Net cash provided by (used in) financing activities       (123,448)      5,645,087
                                                               ------------    ------------

Net change in cash                                               (3,180,840)      2,673,501

Cash at beginning of period                                      10,278,409       6,009,330
                                                               ------------    ------------
Cash at end of period                                          $  7,097,569    $  8,682,831
                                                               ============    ============

Supplemental disclosure:
  Cash paid during the period for:
    Interest                                                   $    567,412    $    429,836
                                                               ============    ============
    Income taxes                                               $    125,750    $     86,000
                                                               ============    ============

Non cash items:
  Unrealized loss  on securities available
    for sale, net of deferred income taxes                     $   (111,139)   $   (101,556)
                                                               ============    ============
   Loan to ESOP                                                $          -    $    172,500
                                                               ============    ============
   Restricted stock plan shares purchased                      $          -    $     20,131
                                                               ============    ============
</TABLE>

                        SEE NOTES TO FINANCIAL STATEMENTS

                                       3

<PAGE>

                     FARNSWORTH BANCORP, INC. AND SUBSIDIARY
          NOTES TO UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS


NOTE 1. Presentation of Financial Information
        -------------------------------------

The accompanying unaudited consolidated interim financial statements include the
accounts of Farnsworth  Bancorp,  Inc.  (the  "Company")  and its  subsidiaries;
Peoples  Savings  Bank (the  "Bank") and Peoples  Financial  Services,  Inc. The
accompanying  unaudited  consolidated  interim  financial  statements  have been
prepared in accordance with the instructions to Form 10-QSB.  Accordingly,  they
do not include  all of the  information  and  footnotes  required  by  generally
accepted accounting principles for complete financial statements. The accounting
and  reporting  policies  of the  Company  conform in all  material  respects to
generally  accepted  accounting  principles and to general  practice  within the
thrift industry. It is the opinion of management that the accompanying unaudited
consolidated  interim financial  statements  reflect all adjustments,  which are
considered  necessary to report fairly the financial position as of December 31,
2005, the Consolidated  Statements of Income and Comprehensive Income (loss) for
the  three  months  ended  December  31,  2005 and  2004,  and the  Consolidated
Statements of Cash Flows for the three months ended  December 31, 2005 and 2004.
The results of operations  for the three months ended  December 31, 2005 are not
necessarily  indicative  of results  that may be  expected  for the entire  year
ending September 30, 2006, or for any other period.  The accompanying  unaudited
consolidated interim financial statements should be read in conjunction with the
Company's September 30, 2005 consolidated  financial  statements,  including the
notes thereto,  which are included in the Company's Annual Report on Form 10-KSB
for the fiscal year ended September 30, 2005.

In preparing the financial statements,  management is required to make estimates
and assumptions that affect the reported amount of assets and  liabilities,  the
disclosure of contingent  assets and liabilities  and the reported  revenues and
expenses.  Actual results could differ  significantly  from those estimates.  In
addition,  various regulatory agencies, as an integral part of their examination
process, periodically review the Bank's allowance for loan losses and foreclosed
real estate.  Such  agencies may require the Bank to recognize  additions to the
allowance for loan losses or additional  write-downs  on foreclosed  real estate
based on their  judgments  about  information  available  to them at the time of
their examination.


Nature of Operations
--------------------

The Company is a unitary  savings and loan holding  company.  The Bank  operates
four  branches  in  Burlington  County,  New Jersey.  The Bank offers  customary
banking services,  including accepting  checking,  savings and time deposits and
the making of commercial,  real-estate  and consumer loans, to customers who are
predominantly small and middle-market businesses and middle-income individuals.

The Company also offers  brokerage,  investment  advisory services and insurance
services to the general  public  through  Peoples  Financial  Services,  Inc., a
subsidiary  organized for the sale of mutual funds and insurance through a third
party networking agreement.

                                       4

<PAGE>

NOTE 2. Net Income Per Common Share
        ---------------------------

Basic net income per common  share is  calculated  by dividing net income by the
number of  shares of common  stock  outstanding,  adjusted  for the  unallocated
portion of shares held by the Bank's  Employee Stock Ownership Plan ("ESOP") and
the  Bank's  restricted  stock  plan  ("RSP").  Diluted  net income per share is
calculated  by  adjusting  the number of shares of common stock  outstanding  to
include the effect of stock options,  stock-based  compensation grants and other
securities, if dilutive, generally, using the treasury stock method.

<TABLE>
<CAPTION>
                                      For the three months ended December 31
                                      --------------------------------------
                                       2005                              2004
                                       ----                              ----
                                       Weighted    Per-                  Weighted     Per-
                            Net        Average     Share     Net         Average      Share
                            Income     Shares      Amount    Income      Shares       Amount
                            ------     ------      ------    ------      ------       ------
<S>                        <C>        <C>                <C>           <C>         <C>
Net income available
to common shareholders       $90,174    650,535            $112,423      604,649

ESOP Shares, not
committed to be released                (22,803)                         (27,508)

RSP Shares                                                                (1,486)
                             ---------------------------------------------------------------
Basic net income
Net income per share          90,174    627,732   $  0.14  $112,423      575,655     $  0.20

Common Stock equivalents                 39,447                           36,012
                             ---------------------------------------------------------------
Diluted
Net income per share         $90,174    667,179   $  0.14  $112,423      611,667     $  0.18
                             ===============================================================
</TABLE>

NOTE 3. Investment Securities
        ---------------------

The Bank's  investments  in  securities  are  classified in two  categories  and
accounted for as follows:

Securities Held to Maturity.  Mortgage backed  securities for which the Bank has
the  positive  intent and  ability to hold to  maturity  are  reported  at cost,
adjusted  for  amortization  of premiums and  accretion  of discounts  which are
recognized  in  interest  income  using the  interest  method over the period to
maturity.

Securities  Available  for Sale.  Securities  available for sale are reported at
market value and consist of certain debt and equity securities not classified as
trading or securities to be held to maturity.

Declines in the fair value of individual held to maturity and available for sale
securities  below  their  cost  that are other  than  temporary  will  result in
write-downs  of the  individual  securities  to their fair  value.  The  related
write-downs will be included in earnings as realized losses.

Unrealized  holding gains and losses,  net of tax, on  securities  available for
sale are  reported  as a net  amount in a  separate  component  of equity  until
realized.

Gains and losses on the sale of  securities  available  for sale are  determined
using the specific-identification method.

                                       5

<PAGE>

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

         The Company may from time to time make written or oral "forward-looking
statements"  including  statements  contained in the Company's  filings with the
Securities and Exchange  Commission  (including  this  Quarterly  Report of Form
10-QSB),  in its  reports to  stockholders  and in other  communications  by the
Company,  which  are made in good  faith by the  Company  pursuant  to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.

         These forward-looking statements involve risks and uncertainties,  such
as statements of the Company's plans,  objectives,  expectations,  estimates and
intentions,  that are subject to change based on various important factors (some
of which are beyond the Company's control). The following factors, among others,
could cause the Company's  financial  performance to differ  materially from the
plans,  objectives,  expectations,  estimates and  intentions  expressed in such
forward-looking statements: the strength of the United States economy in general
and the strength of the local economy in which the Company conducts  operations;
the effects of, and changes in,  trade,  monetary and fiscal  policies and laws,
including  interest  rate  policies  of the board of  governors  of the  federal
reserve system, inflation, interest rate, market and monetary fluctuations;  the
impact of changes in financial  services' laws and  regulations  (including laws
concerning taxes, banking securities and insurance);  technological changes; and
the success of the Company at managing the risks involved in the foregoing.

         The Company  cautions that the foregoing  list of important  factors is
not  exclusive.  The Company does not  undertake  to update any  forward-looking
statement,  whether written or oral, that may be made from time to time by or on
behalf of the Company.


Financial Condition

         Total assets were  virtually  unchanged at $104 million at December 31,
2005 and  September  30, 2005.  However,  there was an increase in available for
sale securities of $1.5 million and an increase in loans receivable, net of $1.8
million  partially  offset  by a  decrease  in cash and due  from  banks of $3.2
million.  The Company's total liabilities were also virtually unchanged at $94.9
million at December 31, 2005 and September 30, 2005.

         Stockholders'  equity  was  $9.2  million  or 8.8% of total  assets  at
December  31,  2005,  as  compared  to $9.2  million or 8.9% of total  assets at
September 30, 2005. The change in stockholders' equity is primarily attributable
to an increase in the unrealized  depreciation  on available for sale securities
net of taxes of $111,000, net income of $90,000 and dividends paid of $33,000.

Results of Operations

         Net Income.  The Company's net income decreased $22,000 for the quarter
ended  December 31, 2005 to $90,000 from $112,000 for the quarter ended December
31, 2004.  The decrease in net income was mostly  attributable  to a decrease in
non-interest income of $13,000 and increases in non-interest expenses of $29,000
partially offset by a decrease in income taxes of $7,000.

         Net  Interest  Income.  Net  interest  income  is the most  significant
component of the Company's  income from  operations.  Net interest income is the
difference between interest the Company receives on its interest earning assets,
primarily  loans  and  investments,   and  interest  the  Company  pays  on  its
interest-
                                       6

<PAGE>

bearing  liabilities,  primarily  deposits and  borrowings.  Net interest income
depends on the  volume of and rates  earned on  interest-earning  assets and the
volume of and rates paid on interest-bearing liabilities.

         Net interest income after provision for loan losses increased  $13,000,
or 1.40%,  to $938,000  for the quarter  ended  December 31, 2005 as compared to
$925,000 for the quarter ended December 31, 2004. The increase was primarily due
to an increase of interest income of $168,000 partially offset by an increase in
interest  expense of $148,000  and an increase in  provision  for loan losses of
$8,000. The increase in interest income was partially due to the increase in the
loan and  investment  portfolios.  The  Company's  cost of funds  increased as a
result of higher market interest rates.

         Provision  for Loan Losses.  Provision  for loan losses was $30,000 for
the three  months ended  December  31,  2005,  compared to $22,000 for the three
months ended December 31, 2004.

         Management believes the allowance for loan losses is at a level that is
adequate to provide for  estimated  losses.  However,  there can be no assurance
that further  additions  will not be made to the  allowance and that such losses
will not exceed the estimated amount.

         Non-Interest Income.  Non-interest income decreased $13,000 or 14.7% to
$75,000  for the  quarter  ended  December  31,  2005 from  $88,000 for the same
quarter in 2004.  The  decrease  was due to a decrease in gain on sale of $8,000
and a  decrease  in fees of  $7,000,  partially  offset by an  increase  sale of
securities available for sale of $2,000.

         Non-Interest  Expense.  Non-interest expense increased $29,000 or 3.50%
to $848,000 for the quarter ended December 31, 2005 compared to $819,000 for the
same quarter in 2004.  The increase in the  Company's  non-interest  expense was
primarily  due  to  an  increase  of  $46,000  in  the  Company's   service  and
professional fees.

         Income Tax  Expense.  Income tax  expense  decreased  by $7,000 for the
quarter  ended  December  31,  2005 to $74,000  compared to $81,000 for the same
period in 2004.  This  change  was due to the  decrease  in net  income  for the
quarter ended December 31, 2005.

                                       7

<PAGE>

Liquidity and Capital Resources

         The Company's primary sources of funds are deposits, repayment of loans
and  mortgage-backed   securities,   maturities  of  investment  securities  and
interest-bearing  deposits with other banks, advances from the FHLB of New York,
and funds  provided from  operations.  While  scheduled  repayments of loans and
mortgage-backed   securities  and   maturities  of  investment   securities  are
predictable  sources of funds,  deposit flows,  and loan prepayments are greatly
influenced  by the general  level of interest  rates,  economic  conditions  and
competition.  The  Company  uses its  liquidity  resources  principally  to fund
existing  and future  loan  commitments,  maturing  certificates  of deposit and
demand  deposit  withdrawals,  to invest in other  interest-earning  assets,  to
maintain liquidity, and meet operating expenses.

         Net cash used by the Company's  operating  activities (the cash effects
of transactions that enter into the Company's  determination of net income e.g.,
non-cash items,  amortization and  depreciation,  provision for loan losses) for
the three  months ended  December  31, 2005 was $40,000,  a decrease of $285,000
compared  to the  same  period  in 2004.  The  decrease  in 2005  was  primarily
attributable  to a decrease in advances  from  borrowers,  accrued and  deferred
income taxes and a change in other assets.

         Net  cash  used  by the  Company's  investing  activities  (i.e.,  cash
disbursements, primarily for the purchase of the Company's investment securities
and mortgage-backed  securities portfolios and the Company's loan portfolio) for
the three months  ended  December 31,  2005,  totaled $3.0  million.  This was a
decrease of $200,000  from the  quarter  ended  December  31,  2004.  The use is
attributable  to funding  loans  receivable  net of $1.8 million and purchase of
available  for  sale  securities  of  $5.9  million  net,  partially  offset  by
redemptions  and proceeds  from sale of  securities  available  for sale of $4.2
million and redemption of FHLB stock of $349,000.

         Net  cash  used  by the  Company's  financing  activities  (i.e.,  cash
receipts  primarily  from net  increases in deposits  and net  decreases in FHLB
advances)  for the three months  ended  December  31,  2005,  totaled  $123,000,
compared to cash  provided by financing  activities of $5.6 million for the same
period in 2004. The decrease is attributable to a minimal change in deposits for
2005.  The quarter  ended  December 31, 2004  included net proceeds from sale of
common stock of $1.8 million.

         Office of Thrift Supervision ("OTS") capital regulations  applicable to
the Bank require  savings  institutions  to meet three  capital  standards:  (1)
tangible  capital equal to 1.5% of total adjusted  assets,  (2) a leverage ratio
(core  capital)  equal  to at  least  3% of  total  adjusted  assets,  and (3) a
risk-based capital requirement equal to 8.0% of total  risk-weighted  assets. In
addition,  the OTS prompt corrective  action regulation  provides that a savings
institution  that  has a  leverage  capital  ratio  of  less  than  4%  (3%  for
institutions  receiving  the highest  examination  rating)  will be deemed to be
"undercapitalized"  and may be subject to certain restrictions.  The Bank was in
compliance with these requirements at December 31, 2005, with tangible, core and
risk based capital ratios, respectively.

Item 3.  Controls and Procedures

         (a) Evaluation of disclosure  controls and  procedures.  Based on their
evaluation of the Company's  disclosure  controls and  procedures (as defined in
Rule 13a-15(e) under the Securities  Exchange Act of 1934 (the "Exchange Act")),
the Company's  principal  executive officer and principal financial officer have
concluded that as of the end of the period  covered by this Quarterly  Report on
Form 10-QSB such disclosure controls and procedures are effective to ensure that
information  required to be disclosed by the Company in reports that it files or
submits under the Exchange Act is recorded,

                                       8

<PAGE>

processed,  summarized  and  reported  within  the  time  periods  specified  in
Securities and Exchange Commission rules and forms.

         (b) Changes in internal  control over financial  reporting.  During the
quarter under report, there was no change in the Company's internal control over
financial  reporting that has materially  affected,  or is reasonably  likely to
materially affect, the Company's internal control over financial reporting.

                                       9

<PAGE>

                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings
-------------------------

         The Registrant was not engaged in any material legal proceedings during
the quarter ended  December 31, 2005.  From time to time, the Bank is a party to
legal  proceedings  within the normal course of business wherein it enforces its
security interests in loans made by it, and other similar matters.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
-------------------------------------------------------------------

         Not applicable.

Item 3. Defaults Upon Senior Securities
---------------------------------------

         Not applicable.

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

         None.

Item 5. Other Information
-------------------------

         (a) Not applicable.

         (b) Not applicable.

Item 6. Exhibits
----------------

          31   Certifications  pursuant to Section 302 of the Sarbanes-Oxley Act
               of 2002

          32   Certification  pursuant to Section 906 of the  Sarbanes-Oxley Act
               of 2002

                                       10

<PAGE>

                                   SIGNATURES


         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                FARNSWORTH BANCORP, INC.


Date: February 2, 2006          By: /s/Gary N. Pelehaty
                                    --------------------------------------------
                                    Gary N. Pelehaty
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)




Date: February 2, 2006          By: /s/Charles Alessi
                                    --------------------------------------------
                                    Charles Alessi
                                    Vice President, Chief Financial Officer,
                                    Secretary and Treasurer
                                    (Principal Financial and Accounting Officer)

                                       11