SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

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

                For the quarterly period ended September 30, 2002
                                       OR

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

               For the transition period from ________ to ________

                         Commission File Number 0-21170

                                 FFW CORPORATION
        (Exact name of small business issuer as specified in its charter)

            Delaware                                    35-1875502
(State or other jurisdiction of                 (I.R.S. Employer identification
 incorporation or organization)                         or Number)

                    1205 North Cass Street, Wabash, IN 46992
                    (Address of principal executive offices)

                                 (260) 563-3185
                           (Issuer's telephone number)

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 [ ]

           Transitional Small Business Disclosure Format (check one):

                                 Yes [ ] No [X]

State the number of Shares outstanding of each of the issuer's classes of common
equity, as of the latest date:


As of November 8, 2002, there were 1,356,775  shares of the Registrant's  common
stock issued and outstanding.



<PAGE>
                                 FFW CORPORATION

                                      INDEX


PART I.  FINANCIAL INFORMATION                                          PAGE NO.

Item 1.    Consolidated Financial Statements

               Consolidated Balance Sheets September 30, 2002               3
               and June 30, 2002

               Consolidated Statements of Income and                        4
               Comprehensive Income for the
               three months ended September 30, 2002 and 2001.

               Consolidated Statements of Cash Flows for the three          5
               months ended September 30, 2002 and 2001.

               Notes to Consolidated Financial Statements                   6


Item 2.    Management's Discussion and Analysis of Financial                8
            Condition and Results of Operations

Item 3.    Controls and Procedures                                         13


PART II. OTHER INFORMATION


            Items 1-6                                                      14

            Signature Page                                                 15

            Certifications                                                 16




<PAGE>
<TABLE>
<CAPTION>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                           CONSOLIDATED BALANCE SHEETS

ASSETS:

                                                                                (Unaudited)
                                                                                September 30             June 30
                                                                                    2002                  2002
                                                                                -------------          ------------
<S>                                                                              <C>                   <C>
   Cash and due from financial institutions..................................... $  5,981,783          $  6,321,697
   Interest-earning deposits in financial institutions - short term.............    1,696,110             2,996,816
                                                                                -------------          ------------
         Cash and cash equivalents                                                  7,677,893             9,318,513
   Securities available for sale                                                   77,978,771            76,344,629
   Loans receivable, net of allowance for loan losses of $2,266,597
        at September 30, 2002 and $2,361,241 at June 30, 2002 ..................  136,296,122           141,857,794
   Federal Home Loan Bank stock, at cost .......................................    3,400,900             3,400,900
   Accrued interest receivable                                                      1,357,408             1,448,182
   Premises and equipment-net...................................................    2,680,832             2,693,163
        Investment in limited partnership.......................................      393,474               409,974
        Cash surrender value of life insurance..................................    4,515,282                     0
   Other assets                                                                     2,012,358             2,355,286
                                                                                -------------          ------------
         Total Assets...........................................................$ 236,313,040          $237,828,441
                                                                                =============          ============

LIABILITIES AND SHAREHOLDERS' EQUITY:

Liabilities:
   Non-interest-bearing demand deposits.........................................$   9,952,812          $  9,981,667
   Savings, NOW and MMDA deposits...............................................   68,245,141            67,611,581
   Other time deposits..........................................................   83,054,271            81,067,474
                                                                                -------------          ------------
         Total Deposits.........................................................  161,252,224           158,660,722
   Federal Home Loan Bank advances..............................................   48,862,554            54,362,554
   Accrued interest payable.....................................................      696,698               153,571
   Accrued expenses and other liabilities.......................................    2,162,566             2,242,805
                                                                                -------------          ------------
         Total Liabilities......................................................  212,974,042           215,419,652

Shareholders' Equity:

   Preferred stock, $.01 par value, 500,000 shares authorized none issued ......           --                    --
   Common stock, $.01 par value, 2,000,000 shares authorized, 1,829,828 shares
      issued and 1,356,775 shares outstanding at September 30, 2002; 1,829,828
      shares issued and 1,367,375 shares outstanding at June 30, 2002 ..........       18,298                18,298
   Additional paid-in capital...................................................    9,345,123             9,345,123

   Retained earnings - substantially restricted.................................   18,082,303            17,711,055
   Accumulated other comprehensive income.......................................      855,549               138,695
   Unearned management retention plan shares....................................      (71,574)              (80,961)
   Treasury stock at cost, 473,053 shares on September 30, 2002 and
      462,453 shares on June 30, 2002 ..........................................   (4,890,701)           (4,723,421)
                                                                                -------------          ------------
         Total Shareholders' Equity.............................................   23,338,998            22,408,789

         Total Liabilities and Shareholders' Equity ............................ $236,313,040          $237,828,441
                                                                                =============          ============
</TABLE>

<PAGE>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
           CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                    Three Months Ended
                                                                       September 30
                                                                  2002             2001
                                                                  ----             ----
Interest income:

         Loans receivable
<S>                                                           <C>                <C>
                  Mortgage loans..............................$ 1,172,123        $ 1,485,635
                  Consumer and other loans ...................  1,562,938          1,702,056
         Securities
                  Taxable.....................................    748,365            850,237
                  Nontaxable..................................    229,186            130,480
         Other interest-earning assets........................     23,806             29,633
                                                              -----------        -----------
                  Total interest income ......................  3,736,418          4,198,041

Interest expense:

         Deposits.............................................  1,314,668          1,723,078
         Other................................................    707,632            842,051
                                                              -----------        -----------
                  Total interest expense......................  2,022,300          2,565,129
                                                              -----------        -----------

Net interest income...........................................  1,714,118          1,632,912

         Provision for loan losses............................    225,000            225,000
                                                              -----------        -----------

Net interest income after provision for loan losses...........  1,489,118          1,407,912

Non-interest income:

         Net gain on sale of securities.......................      1,222              5,000
         Net gain on sale of loans............................    133,886             49,024
         Other                                                    349,206            342,652
                                                              -----------        -----------
                  Total noninterest income....................    484,314            396,676

Noninterest expense :

         Compensation and benefits ...........................    579,905            526,290
         Occupancy and equipment  ............................    100,272             92,803
                Data processing expense.......................    119,361            116,867
         Other                                                    397,971            346,155
                                                              -----------        -----------
                  Total noninterest expense ..................  1,197,509          1,082,115
                                                              -----------        -----------

Income before income taxes ...................................    775,923            722,473

         Income tax expense...................................    200,183            196,363
                                                              -----------        -----------

Net income....................................................$   575,740        $   526,110
                                                              ===========        ===========

Comprehensive income..........................................$ 1,292,594        $   732,499
                                                              ===========        ===========
Earnings per common share :

         Basic                                                $       .42        $       .37
         Diluted                                              $       .42        $       .37

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                              Three Months Ended
                                                                                 September 30
                                                                           2002               2001
                                                                           ----               ----
Cash flows from operating activities :
<S>                                                                  <C>             <C>
   Net income ....................................................   $    575,740    $    526,110
   Adjustments to reconcile net income to net cash
       from operating activities :
      Depreciation and amortization, net of accretion ............         67,498          24,327
      Provision for loan losses ..................................        225,000         225,000
      Increase in cash surrender value of life insurance .........        (15,282)              0
      Net (gains) losses on sale of :
         Securities available for sale ...........................         (1,222)         (5,000)
            Loans held for sale ..................................       (133,886)        (49,024)
         Foreclosed estate owned and repossessed assets ..........          9,387           7,980
      Origination of loans held for sale .........................     (8,741,414)     (5,110,050)
      Proceeds from sale of loans held for sale ..................      8,834,183       5,159,074
      Net change in accrued interest receivable and other
            assets ...............................................        205,634        (285,878)
      Amortization of goodwill and core deposit intangibles ......         18,286          41,760
      Net change in accrued interest payable, accrued
           expenses and other liabilities ........................        462,888       1,230,708
                                                                     ------------    ------------
               Total adjustments .................................        931,072       1,238,897
                                                                     ------------    ------------
           Net cash from operating activities ....................      1,506,812       1,765,007

Cash flows from investing activities :
   Proceeds from :
      Sales/calls of securities available for sale ...............      3,252,317       9,386,600
      Maturities of securities available for sale ................        150,000               0
   Purchase of securities available for sale .....................     (7,069,083)    (11,970,180)
   Purchase of life insurance ....................................     (4,500,000)              0
   Principal collected on mortgage- backed securities ............      3,097,579       1,402,844
   Net change in loans receivable ................................      5,050,797         159,929
   Net purchases premises and equipment ..........................        (33,957)       (581,575)
   Proceeds from sales of other real estate and
      repossessed assets .........................................        185,185         104,769
                                                                     ------------    ------------
      Net cash from investing activities .........................        132,838      (1,497,613)

Cash flows from financing activities :
   Net increase in deposits ......................................      2,591,502         666,425
   Proceeds from borrowings ......................................              0      25,490,750
   Payment on borrowings .........................................     (5,500,000)    (21,500,000)
   Purchase of treasury stock ....................................       (167,280)       (280,218)
   Cash dividends paid ...........................................       (204,492)       (185,464)
                                                                     ------------    ------------
      Net cash from financing activities .........................     (3,280,270)      4,191,493

Net increase (decrease) in cash and cash equivalents .............     (1,640,620)      4,458,887
Cash and cash equivalents at beginning of period .................      9,318,513       8,530,159
                                                                     ------------    ------------
Cash and cash equivalents at end of period .......................   $  7,677,893    $ 12,989,046
                                                                     ============    ============
</TABLE>
<PAGE>
                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


(1) Basis of Presentation

     The  accompanying  unaudited  Consolidated  Financial  Statements have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United  States  of  America  for  interim  financial  information  and  with the
instructions to Form 10-QSB and Regulation S-B. Accordingly, they do not include
all the information and footnotes  required by accounting  principles  generally
accepted in the United States of America for complete financial statements.

     In the opinion of management, the Consolidated Financial Statements contain
all adjustments  (consisting only of normal recurring  adjustments) necessary to
represent fairly the financial  condition of FFW Corporation as of September 30,
2002 and June 30, 2002 and the results of its  operations,  for the three months
ended September 30, 2002 and 2001.  Financial Statement  reclassifications  have
been made for the prior period to conform to classifications  used as of and for
the period ended September 30, 2002.

     Operating  results for the three  months ended  September  30, 2002 are not
necessarily  indicative  of the results that may be expected for the fiscal year
ended June 30, 2003.


(2) New Accounting Pronouncements:

     In June 2001, the Financial  Accounting  Standards  Board  ("FASB")  issued
Statement of Financial  Accounting  Standards  ("SFAS") No. 142,  "Goodwill  and
Other Intangible Assets," which addresses the accounting for such assets arising
from  prior  and  future  business  combinations.  Upon  the  adoption  of  this
statement,  goodwill  arising  from  business  combinations  will no  longer  be
amortized,  but rather will be assessed regularly for impairment,  with any such
impairment recognized as a reduction to earnings in the period identified. Other
identified  intangible  assets,  such as core deposit  intangible  assets,  will
continue to be amortized over their estimated useful lives.

     On October 1, 2002, the FASB issued SFAS No. 147,  "Acquisitions of Certain
Financial  Institutions."  SFAS No. 147 is effective October 1, 2002, and may be
early applied.  SFAS No. 147  supersedes  SFAS No. 72,  "Accounting  for Certain
Acquisitions of Banking or Thrift  Institutions." SFAS No. 147 provides guidance
on the accounting for the acquisition of a financial institution, and applies to
all such acquisitions except those between two or more mutual enterprises. Under
SFAS No. 147, the excess of the fair value of liabilities  assumed over the fair
value of tangible and  identifiable  intangible  assets  acquired in a financial
institution  business  combination  represents goodwill that should be accounted
for under SFAS No.  142,  "Goodwill  and Other  Intangible  Assets."  If certain
criteria are met, the amount of the  unidentifiable  intangible  asset resulting
from prior financial institution  acquisitions is to be reclassified to goodwill
upon adoption of this Statement.
<PAGE>
     The adoption by the Company of SFAS No. 142 and SFAS No. 147 effective July
1, 2002  resulted  in  $975,000 of  unamortized  goodwill  that will cease to be
amortized into expense. The following table reflects net income and earnings per
share as previously  reported and adjusted income and earnings per share for the
same period as if the new standard had been adopted in 2001.


                                                          Three months ended
                                                             September 30
(Dollars in thousands except for per share data)       2002                2001
                                                       ----                ----
Net income as reported                                 $  576             $  526
Add discontinued goodwill expense, net of tax               -                 14
                                                       ------             ------
Adjusted net income                                    $  576             $  540
                                                       ======             ======

Basic earnings per share as reported                  $  0.42            $  0.37
Diluted earnings per share as reported                $  0.42            $  0.37
Adjusted basic earnings per share                     $  0.42            $  0.38
Adjusted diluted earnings per share                   $  0.42            $  0.38


Intangible assets at September 30, 2002 subject to amortization are as follows:

                                                           Gross     Accumulated
                                                          Amount    Amortization
                                                          ------    ------------
Core deposit premium resulting from branch acquisition      $ 447      $  392

Amortization  expense  for the first three  months of fiscal  2003 was $18.  The
remaining amortization expense is $55 and will be expensed in the remaining nine
months of fiscal 2003.

Intangible  assets not subject to  amortization,  because  they have  indefinite
lives are as follows:

                                                   Gross       Accumulated
                                                  Amount      Amortization
                                                  -------     ------------
1997 Purchase of South Whitley branch             $ 1,248        $  416
2001 Purchase of investment company                   160            17
                                                  -------        ------
                                                  $ 1,408        $  433
                                                  =======        ======

Impairment  testing  revealed  that no  impairment  provision  was  required  at
September 30, 2002.
<PAGE>
                                 PART I: ITEM 2
                                 FFW CORPORATION

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

GENERAL

     The accompanying  Consolidated Financial Statements include the accounts of
FFW Corporation (the "Company") and its wholly owned subsidiaries, First Federal
Savings  Bank of Wabash (the  "Bank") and  FirstFed  Financial,  Inc  ("FirstFed
Financial").   All  significant  inter-company  transactions  and  balances  are
eliminated in  consolidation.  The Company's results of operations are primarily
dependent on the Bank's net interest  margin,  which is the  difference  between
interest   income  on   interest-earning   assets   and   interest   expense  on
interest-bearing  liabilities.  The Bank's net  income is also  affected  by the
level of its non-interest expenses,  such as employee compensation and benefits,
occupancy expenses, and other expenses.


FORWARD-LOOKING STATEMENTS

     Except for historical  information  contained herein, the matters discussed
in this document,  and other information contained in the Company's SEC filings,
may express "forward-looking statements." Those "forward-looking statements" may
involve risk and uncertainties,  including statements  concerning future events,
performance and assumptions and other  statements that are other than statements
of historical  facts.  The Company wishes to caution  readers not to place undue
reliance  on any  forward-looking  statements,  which  speak only as of the date
made. Readers are advised that various  factors--including,  but not limited to,
changes in laws,  regulations or accounting principles generally accepted in the
United States of America; the Company's  competitive position within the markets
served; increasing consolidation within the banking industry; unforeseen changes
in interest rates; any unforeseen  downturns in the local,  regional or national
economies--could  cause the Company's actual results or circumstances for future
periods to differ materially from those anticipated or projected.

     The Company does not undertake - and specifically declines any obligation -
to  publicly  release  the  result  of any  revisions  which  may be made to any
forward-looking  statements to reflect events or circumstances after the date of
such  statements or to reflect the occurrence of  anticipated  or  unanticipated
events.


CRITICAL ACCOUNTING POLICIES

     Certain of the Company's accounting policies are important to the portrayal
of the  Company's  financial  condition,  since they require  management to make
difficult,  complex or subjective judgments, some of which may relate to matters
that are  inherently  uncertain.  Estimates  associated  with these policies are
susceptible   to  material   changes  as  a  result  of  changes  in  facts  and
circumstances.  Facts  and  circumstances  that  could  effect  these  judgments
include,  but without limitation,  changes in interest rates, in the performance
of the economy or in the financial  condition of borrowers.  Management believes
that its critical accounting policies include determining the allowance for loan
losses, ("ALL"), the valuation of mortgage servicing rights,  classification and
valuation of securities, and stock compensation.

     Allowance  for Loan  Losses  (ALL):  The ALL is a valuation  allowance  for
probable incurred credit losses,  increased by the provision for loan losses and
decreased by charge-offs less recoveries.  Management  estimates the ALL balance
required  using  past  loan  loss  experience,  the  nature  and  volume  of the
portfolio,   information  about  specific  borrower   situations  and  estimated
collateral values,  economic conditions,  and other factors.  Allocations of the
ALL may be made for specific loans, but the entire ALL is available for any loan
that, in management's judgment,  should be charged-off.  Loan losses are charged
against the ALL when management believes the  uncollectibility of a loan balance
is confirmed.

     A loan is impaired  when full payment under the loan terms is not expected.
Impairment is evaluated in total for small-balance  loans of similar nature such
as residential mortgage,  consumer,  and credit card loans, and on an individual
loan  basis for other  loans.  If a loan is  impaired,  a portion  of the ALL is
allocated so that the loan is reported,  net, at the present  value of estimated
future  cash  flows  using  the  loan's  existing  rate or at the fair  value of
collateral if repayment is expected solely from the collateral.

     Mortgage Servicing Rights: Servicing rights represent both purchased rights
and the allocated value of servicing  rights  retained on loans sold.  Servicing
rights are  expensed in  proportion  to, and over the period of,  estimated  net
servicing  revenues.  Impairment  is  evaluated  based on the fair  value of the
rights,  using groupings of the underlying  loans as to interest rates and then,
secondarily, as to geographic and prepayment characteristics.  Any impairment of
a grouping is  reported as a valuation  allowance.  As of  September  30,  2002,
mortgage servicing rights had a carrying value of $506,000.

     Securities:  Securities  are  classified as held to maturity and carried at
amortized cost when  management has the positive intent and ability to hold them
to maturity.  Securities are classified as available for sale when they might be
sold before maturity.  Securities  available for sale are carried at fair value,
with unrealized  holding gains and losses reported  separately in  shareholders'
equity,  net of  tax.  Securities  are  classified  as  trading  when  held  for
short-term  periods in  anticipation  of market  gains,  and are carried at fair
value. Securities are written down to fair value when a decline in fair value is
not temporary.

     Gains and losses on sales are  determined  using the amortized  cost of the
specific  security  sold.  Interest  income  includes  amortization  of purchase
premiums and discounts.

     Stock  Compensation:  Expense for employee  compensation under stock option
plans is based on  Accounting  Principles  Board (APB)  Opinion 25, with expense
reported  only if options  are granted  below  market  price at grant  date.  If
applicable, disclosures of net income and earnings per common share are provided
as if the fair value method of Statement of Financial  Accounting Standards SFAS
No. 123 were used for stock-based compensation.


       COMPARISON OF THREE-MONTH PERIODS ENDED SEPTEMBER 30, 2002 AND 2001

     Net income for the three-month period ended September 30, 2002 was $576,000
compared to $526,000 for the  equivalent  period in 2001.  This 9.4% increase of
$50,000  was the result of an $81,000  increase  in net  interest  income and an
$88,000  increase in non-interest  income being  partially  offset by a $115,000
increase  in  non-interest  expense  for the period  ended  September  30,  2002
compared to September 30, 2001.

     Diluted net income per common  share was $0.42 for the  three-month  period
ended  September  30, 2002  compared  $0.37 for the  equivalent  period in 2001.
Return on average  shareholders'  equity was 10.04% for the three  months  ended
September  30,  2002,  compared  to 9.45% in 2001.  The return on total  average
assets was 0.96% for the three months  ended  September  30,  2002,  compared to
0.91% in 2001.

<PAGE>
NET INTEREST INCOME

     The net interest  income for the  three-month  period ended  September  30,
2002, was $1,714,000  compared to $1,633,000,  an increase of 5.0% over the same
period in 2001, resulting in a net yield of 3.00% compared to 2.95% in 2001.

     Total average earning assets  increased by $6.5 million for the three-month
period ended  September 30, 2002,  over the  comparative  period in 2001.  Total
average investment securities increased $13.2 million for the three-month period
over  one-year  ago.  Total  average  loans   decreased  $9.5  million  for  the
three-month   period   over   one-year   ago.   The  yields  on  average   total
interest-earning  assets were 6.55% and 7.57% for the three-month  periods ended
September 30, 2002,  and 2001 while the rates on average total  interest-bearing
liabilities were 3.97% and 5.20%, respectively.

     The following tables set forth consolidated  information  regarding average
balances and rates.
<TABLE>
<CAPTION>

                                                                                          FFW Corp
                                                                                      Three Months Ending
                                                                                        (In Thousands)
                                                                     9/30/2002                                 9/30/2001
                                                       Average                     Average         Average                   Average
Interest-earning assets:                               Balance       Interest        Rate          Balance      Interest       Rate
------------------------                               --------      --------       -----          --------     --------      ------
<S>                                                    <C>             <C>          <C>            <C>            <C>          <C>
Loans                                                  $142,120        $2,735       7.63%          $151,646       $3,187       8.34%
Securities                                               78,863           978       4.96%            65,676          981       5.99%
Other interest-earning assets                             6,099            24       1.56%             3,265           30       3.65%
                                                       --------        ------                      --------       ------
     Total interest-earning assets                      227,082         3,737       6.55%           220,587        4,198       7.57%

   Non interest-earning assets
Cash and due from
                                                          4,796                                       4,818
Allowance for loan losses                                (2,390)                                     (1,750)
Other non interest-earning assets                         7,357                                       5,896
                                                       --------                                    --------
     Total assets                                      $236,845                                    $229,551
                                                       ========                                    ========


Interest-bearing liabilities:
-----------------------------
Interest-bearing deposits                              $151,474         1,315       3.44%          $135,737        1,723       5.04%
FHLB advances                                            50,728           708       5.54%            60,072          842       5.56%
                                                       --------        ------                      --------       ------
     Total interest-bearing liabilities                 202,202         2,023       3.97%           195,809        2,565       5.20%
                                                       --------        ------                      --------       ------

Non interest-bearing deposit accounts
                                                          9,640                                       9,535
Other non interest-bearing liabilities                    2,248                                       2,116
                                                       --------                                    --------
     Total liabilities                                  214,090                                     207,460
Shareholders' equity                                     22,755                                      22,091
                                                       --------                                   ---------
     Total liabilities and shareholders equity         $236,845                                    $229,551
                                                       ========                                    ========
Net interest income                                                   $ 1,714                                    $ 1,633
                                                                      =======                                    =======
Net interest margin                                                                 3.00%                                      2.95%
                                                                                    =====                                      =====
</TABLE>
<PAGE>
PROVISION FOR LOAN LOSSES

     The provision for loan losses was $225,000 for the three-month period ended
September 30, 2002 and also $225,000 for the same period in 2001. Changes in the
provision  for loan  losses  are  attributed  to  management's  analysis  of the
adequacy of the  allowance  for loan losses  (ALL) to address  recognizable  and
currently  estimated losses.  Net charge-offs of $320,000 have been recorded for
the  three-month  period ended  September 30, 2002,  compared to $421,000 of net
charge-offs  for the same period in 2001.  For the period  ended  September  30,
2002, gross  charge-offs  were $416,000.  The ALL was $2,267,000 or 1.66% of net
loans as of September 30, 2002,  compared to $2,361,000 or 1.66% of net loans at
June 30, 2002.  Non-performing  loans,  which  includes  non-accruing  loans and
accruing loans  delinquent  more than 90 days,  were $1,981,000 at September 30,
2002 compared to $1,943,000 at June 30, 2002.

     The Company  establishes  an ALL based on an  evaluation of risk factors in
the loan  portfolio  and changes in the nature and volume of its loan  activity.
This  evaluation  includes,  among  other  factors,  the level of the  Company's
classified and  non-performing  assets and their estimated  value,  the national
outlook which may tend to inhibit economic  activity and depress real estate and
other  values in the  Company's  primary  market  area,  regulatory  issues  and
historical loan loss experience. Accordingly, the calculation of the adequacy of
loan losses is not based directly on the level of non-performing loans. Although
management believes it uses the best information available to determine the ALL,
unforeseen  market  conditions  or  other  unforeseen  events  could  result  in
adjustments and net earnings could be  significantly  affected if  circumstances
differ  substantially from the assumptions used in making the determination.  In
addition,  a  determination  by the Company's main operating  subsidiary,  First
Federal,  as to the classification of its assets and the amount of its valuation
allowances is subject to review by the OTS which may order the  establishment of
additional general or specific reserve  allowances.  It is management's  opinion
that the ALL is adequate to absorb  existing  losses in the loan portfolio as of
September 30, 2002.


NONINTEREST INCOME

     Noninterest income for the three-month periods ended September 30, 2002 and
2001 was $484,000 and  $397,000,  respectively.  This $87,000  increase from the
prior period is composed  primarily of increased gain on sale of loans,  $85,000
higher,  compared to the period ending September 30, 2001.  Included in the gain
on sale of loans is $41,000 of income  recorded  for  mortgage  servicing  right
assets.  In other noninterest  income,  commission income fell by $53,000 due to
lower annuity and life insurance sales while other income, fees and charges grew
$60,000 over the comparable quarter.


NONINTEREST EXPENSE

     Noninterest  expense for the  three-month  period ended  September 30, 2002
increased $116,000,  or 10.7%,  compared to the total of $1,082,000 for the same
period  in  2001.  For  the   three-month   period  ended  September  30,  2002,
compensation  and employee  benefits  increased  10.2%,  occupancy and equipment
expense  increased  8.1%,  data  processing  expense  increased  2.1% and  other
noninterest  expense  increased  15.0%  over the  same  period  in  2001.  After
adjusting  for a  nonrecurring  $20,000  expense  on real  estate  owned,  other
noninterest expense increased 9.2% over the same period in 2001.


INCOME TAXES

     The provision for income taxes for the  three-month  period ended September
30, 2002, was $200,000  compared to $196,000 for the comparable  period in 2001.
The provision for income taxes for the three months ended September 30, 2002, is
at a rate which management believes approximates the effective rate for the year
ending June 30, 2003.

<PAGE>
REGULATORY CAPITAL REQUIREMENTS

     The Bank is required to maintain  specific  amounts of  regulatory  capital
pursuant to regulations of the OTS. At September 30, 2002, the Bank exceeded all
regulatory capital standards as is shown in the following table.
<TABLE>
<CAPTION>

                                                                                                     Minimum
                                                                                                    To Be Well
                                                                        Minimum                  Capitalized Under
                                                                      For Capital                Prompt Corrective
                                            Actual                 Adequacy Purposes             Action Provisions
                                    ---------------------         -------------------            -----------------
                                     Amount         Ratio         Amount        Ratio             Amount   Ratio
                                    -------        ------         -------       -----            -------   ------
As of September 30, 2002
<S>                                 <C>            <C>            <C>           <C>              <C>       <C>
Total Risk-based Capital            $20,660        14.32%         $11,544       8.00%            $14,429   10.00%

Tier I (Core) Capital                18,851        13.06%           5,772       4.00%              8,658    6.00%
       (to risk weighted assets)
Tier I (Core) Capital                18,851         8.14%           9,260       4.00%             11,574    5.00%
       (to adjusted total assets)
</TABLE>


NEW ACCOUNTING PRONOUNCEMENTS

     Effective  July 1, 2002,  the Company  adopted SFAS No. 142,  "Goodwill and
Other Intangible  Assets," and SFAS No. 147,  "Acquisitions of Certain Financial
Institutions."  The  adoption  by the  Company  of SFAS No. 142 and SFAS No. 147
effective  July 1, 2002 resulted in $975,000 of  unamortized  goodwill that will
cease  to be  amortized  into  expense.  For  details  on the  effects  of these
adoptions, please see Footnote (2) above in Part I: Financial Information, Notes
to Consolidated Financial Statements.
<PAGE>
                                 PART I: ITEM 3
                                 FFW CORPORATION

                             CONTROLS AND PROCEDURES


     Within  the  90-day  period  prior to the filing  date of this  report,  an
evaluation was carried out under the supervision and with the  participation  of
FFW  Corporation's  management,  including our Chief Executive Officer and Chief
Financial  Accounting  Officer,  of the effectiveness of our disclosure controls
and procedures (as defined in Exchange Act Rules  13a-14(c) and 15d-14(c)  under
the  Securities  Exchange  Act of 1934).  Based on their  evaluation,  our Chief
Executive Officer and Chief Financial Accounting Officer have concluded that the
Company's  disclosure  controls  and  procedures  are,  to  the  best  of  their
knowledge,  effective to ensure that information required to be disclosed by FFW
Corporation  in  reports  that it files or  submits  under the  Exchange  Act is
recorded,  processed,  summarized and reported within the time periods specified
in Securities and Exchange Commission rules and forms.

     Subsequent to the date of their evaluation, our Chief Executive Officer and
Chief Financial Accounting Officer have concluded that there were no significant
changes in FFW  Corporation's  internal  controls or in other factors that could
significantly  affect its internal  controls,  including any corrective  actions
with regard to significant deficiencies and material weaknesses.
<PAGE>
                           Part II - Other Information

     As  of  September  30,  2002,  management  is  not  aware  of  any  current
recommendations by regulatory authorities which, if they were to be implemented,
would have or are  reasonably  likely to have a material  adverse  effect on the
Company's liquidity, capital resources or operations.

Item 1  -  Legal Proceedings

           Not Applicable.

Item 2  -  Changes in Securities

           Not Applicable.

Item 3  -  Defaults upon Senior Securities

           Not Applicable.

Item 4  -  Submission of Matters to a vote of Security Holders
           ---------------------------------------------------

     The Annual Meeting of  Shareholders  (the "Meeting") of FFW Corporation was
held on October 22, 2002. The matters  approved by  shareholders  at the Meeting
and the number of votes cast for,  against or withheld (as well as the number of
abstentions and broker non-votes) as to each matter are set below:
<TABLE>
<CAPTION>

                  PROPOSAL                                            NUMBER OF VOTES
                  --------                                      --------------------------
                                                                   FOR            WITHHELD
                                                                ---------         --------
Election of the following Directors for a three-year term
<S>                                                             <C>               <C>
  Thomas L. Frank...........................................    1,086,121         128,610
  J. Stanley Myers..........................................    1,086,121         128,610
  John N. Philippsen........................................    1,086,121         128,610

                                                                   FOR            AGAINST            ABSTAIN
                                                                ---------         -------            -------
Ratification of Crowe, Chizek and Company LLP as
auditors for the fiscal year ending June 30, 2003...........    1,197,766          14,165             2,800
</TABLE>


Item 5  -  Other Information

           Not Applicable

Item 6  -  Exhibits and Reports on Form 8-K

           Not Applicable
<PAGE>
                                   SIGNATURES


Pursuant  to the  requirement  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.



                                          FFW CORPORATION
                                          Registrant




Date: November 13, 2002                   /S/ Roger  K.  Cromer
      -----------------------------       --------------------------------------
                                          Roger K. Cromer
                                          President and Chief Executive Officer




Date: November 13, 2002                   /S/ Timothy A.  Sheppard
      -----------------------------       --------------------------------------
                                          Timothy A. Sheppard
                                          Treasurer and Chief Accounting Officer
<PAGE>
                                  CERTIFICATION

     By signing below, each of the undersigned  hereby certifies  pursuant to 18
U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002,  that, to his knowledge,  (i) this Quarterly Report on Form 10-QSB for the
quarterly  period ended  September 30, 2002  ("Report")  fully complies with the
requirements  of Section 13(a) of the  Securities  Exchange Act of 1934 and (ii)
the  information  contained  in this Report  fairly  presents,  in all  material
respects, the financial condition and results of operations of FFW Corporation.

     Signed this 13th day of November, 2002.





                                   FFW CORPORATION
                                   Registrant




                                   By: {s} Roger K. Cromer
                                       -----------------------------------------
                                       Roger K. Cromer
                                       President and Chief Executive Officer


                                   By: {s} Timothy A. Sheppard
                                       -----------------------------------------
                                       Timothy A. Sheppard
                                       Treasurer and Chief Accounting Officer
<PAGE>
                                 CERTIFICATION

I, Roger K. Cromer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of FFW Corporation;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


Dated: November 13, 2002                  {S} Roger K. Cromer
                                          --------------------------------------
                                          President/Chief Executive Officer
<PAGE>
                                 CERTIFICATION

I, Timothy A. Sheppard, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of FFW Corporation;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


Dated: November 13, 2002                  {S} Timothy A. Sheppard
                                          --------------------------------------
                                          Treasurer/Chief Financial Accounting
                                          Officer