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 March 31, 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 incorporation    (I.R.S. Employer identification
       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 May 13, 2002, there were 1,373,947 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 March 31, 2002                 3
                  and June 30, 2001

                  Consolidated Statements of Income and                      4
                  Comprehensive Income for the three and nine
                  months ended March 31, 2002 and 2001.

                  Consolidated Statements of Cash Flows for the nine         5
                  months ended March 31, 2002 and 2001.

                  Notes to Consolidated Financial Statements                 6


Item 2.     Management's Discussion and Analysis of Financial                7
            Condition and Results of Operations



PART II.    OTHER INFORMATION


            Items 1-6                                                       12

            Signature Page                                                  13


<PAGE>

<TABLE>
<CAPTION>
                                              PART I: FINANCIAL INFORMATION
                                                     FFW CORPORATION
                                               CONSOLIDATED BALANCE SHEETS

                                                                                           (Unaudited)
ASSETS :                                                                                    March 31           June 30
                                                                                              2002               2001
                                                                                              ----               ----
<S>                                                                                      <C>              <C>
         Cash and due from financial institutions ....................................   $   6,063,667    $   6,372,538
         Interest-earning deposits in financial institutions - short term ............       1,695,753        2,157,621
                                                                                         -------------    -------------
                  Cash and cash equivalents ..........................................       7,759,420        8,530,159
         Securities available for sale ...............................................      75,985,388       60,973,088
         Loans receivable, net of allowance for loan losses of $2,029,751 at March 31,
                  2002 and $1,773,194 at June 30, 2001 ...............................     142,846,910      152,195,442
         Federal Home Loan Bank stock, at cost .......................................       3,400,900        3,400,900
         Accrued interest receivable .................................................       1,367,888        1,479,567
         Premises and equipment-net ..................................................       2,718,738        2,099,125
         Investment in limited partnership ...........................................         435,481          480,548
         Other assets ................................................................       2,230,722        2,027,633
                                                                                         -------------    -------------
                           Total assets...............................................   $ 236,745,447    $ 231,186,462
                                                                                         =============    =============

LIABILITIES AND SHAREHOLDERS' EQUITY:

Liabilities:
         Non-interest-bearing demand deposits ........................................   $  10,097,462    $   9,161,009
         Savings, NOW and MMDA deposits ..............................................      58,899,358       48,126,243
         Other time deposits .........................................................      84,409,514       87,342,800
                                                                                         -------------    -------------
                  Total deposits......................................................     153,406,334      144,630,052
         Federal Home Loan Bank advances .............................................      59,096,906       62,396,906
         Accrued interest payable ....................................................         990,203          196,840
         Accrued expenses and other liabilities.......................................       1,357,676        1,969,604
                                                                                         -------------    -------------
                  Total liabilities ..................................................     214,851,119      209,193,402


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 1,377,325 shares outstanding at March 31, 2002; 1,829,828
              shares issued and 1,412,478 shares outstanding at June 30, 2001 ........          18,298           18,298
         Additional paid-in capital...................................................       9,344,511        9,336,605
         Retained earnings - substantially restricted ................................      17,336,966       16,423,161
         Accumulated other comprehensive income (loss) ...............................        (151,362)         330,776
         Unearned management retention plan shares ...................................         (90,348)         (52,242)
         Treasury stock at cost, 452,503 shares on March 31, 2002 and
                  417,350 shares on June 30, 2001 ....................................      (4,563,737)      (4,063,538)
                                                                                         -------------    -------------
                         Total shareholders' equity ..................................      21,894,328       21,993,060
                                                                                         -------------    -------------
                           Total liabilities and shareholders' equity ................   $ 236,745,447    $ 231,186,462
                                                                                         =============    =============
</TABLE>

<PAGE>

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

                                                                            Three Months Ended               Nine Months Ended
                                                                               March 31                          March 31
                                                                               2002           2001            2002           2001
                                                                               ----           ----            ----           ----
Interest income :
         Loans receivable
<S>                                                                      <C>            <C>             <C>            <C>
                  Mortgage loans .....................................   $  1,316,337   $  1,535,676    $  4,283,245   $  4,569,383
                  Consumer and other loans ...........................      1,600,585      1,824,714       4,936,082      5,553,516
         Securities
                  Taxable ............................................        704,114        710,012       2,174,275      2,389,376
                  Nontaxable .........................................        262,951        276,855         732,082        509,117
         Other interest-earning assets ...............................         13,230         42,523          57,883        126,213
                                                                         ------------   ------------    ------------   ------------
                  Total interest income ..............................      3,897,217      4,389,780      12,183,567     13,147,605

Interest expense :

         Deposits ....................................................      1,531,914      1,796,649       4,826,319      5,207,876
         Other .......................................................        768,369        915,625       2,403,932      2,862,619
                                                                         ------------   ------------    ------------   ------------
                  Total interest expense .............................      2,300,283      2,712,274       7,230,251      8,070,495
                                                                         ------------   ------------    ------------   ------------
Net interest income ..................................................      1,596,934      1,677,506       4,953,316      5,077,110

         Provision for loan losses ...................................        305,000        225,000         980,000      1,470,000
                                                                         ------------   ------------    ------------   ------------

Net interest income after provision for loan losses ..................      1,291,934      1,452,506       3,973,316      3,607,110

Non-interest income :

         Net gain (loss) on sale of securities .......................         92,229         (6,246)         97,229        (22,197)
         Net gain on sale of loans ...................................        193,747         26,161         344,442         47,349
         Other........................................................        339,439        293,142       1,021,297        878,270
                                                                         ------------   ------------    ------------   ------------
                  Total non-interest income ..........................        625,415        313,057       1,462,968        903,422

Non-interest expense :

         Compensation and benefits ...................................        549,410        496,190       1,603,547      1,506,461
         Occupancy and equipment .....................................        102,071         99,902         292,934        301,528
         Data processing expense .....................................        117,771        121,067         348,512        352,542
         Other........................................................        469,762        321,817       1,180,251      1,007,156
                                                                         ------------   ------------    ------------   ------------
                  Total non-interest expense .........................      1,239,014      1,038,976       3,425,244      3,167,687
                                                                         ------------   ------------    ------------   ------------

Income before income taxes ...........................................        678,335        726,587       2,011,040      1,342,845

         Income tax expense ..........................................        160,581        160,905         527,298        284,950
                                                                         ------------   ------------    ------------   ------------
Net income ...........................................................   $    517,754   $    565,682    $  1,483,742   $  1,057,895
                                                                         ============   ============    ============   ============

Comprehensive income .................................................   $      8,363   $  1,211,535    $  1,001,604   $  2,881,463
                                                                         ============   ============    ============   ============

Earnings per common share :

         Basic........................................................   $        .38   $        .39    $       1.07   $        .74
         Diluted .....................................................   $        .37   $        .39    $       1.06   $        .73

</TABLE>
<PAGE>

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

                                                                              Nine Months Ended
                                                                                 March 31
                                                                             2002            2001
                                                                             ----            ----
<S>                                                                    <C>             <C>
Cash flows from operating activities :
         Net income ................................................   $  1,483,742    $  1,057,895
         Adjustments to reconcile net income to net cash from
             Operating activities :
             Depreciation and amortization, net of accretion .......        134,380         (24,964)
             Provision for loan losses .............................        980,000       1,470,000
             Net (gains) losses on sale of :
                  Securities available for sale ....................        (97,229)         22,197
                  Loans held for sale ..............................       (344,442)        (47,349)
                  Foreclosed estate owned and repossessed assets ...          4,085           2,135
             Origination of loans held for sale ....................    (24,692,019)     (4,528,265)
             Proceeds from sale of loans held for sale .............     24,911,461       4,575,614
             Net change in accrued interest receivable and other
                  assets ...........................................        110,049         320,471
             Amortization of goodwill and core deposit intangibles .        125,279         120,825
             Net change in accrued interest payable, accrued
                  expenses and other liabilities ...................        200,129         695,024
                                                                       ------------    ------------
                           Total adjustments .......................      1,331,693       2,605,688
                                                                       ------------    ------------
                  Net cash from operating activities ...............      2,815,435       3,663,583

Cash flows from investing activities :
             Proceeds from :
                  Sales/calls of securities available for sale .....     16,448,829      13,789,842
                  Maturities of securities available for sale ......           ---          745,000
             Purchase of securities available for sale .............    (35,272,222)    (20,959,138)
             Principal collected on mortgage- backed securities ....      3,118,979         358,546
             Net change in loans receivable ........................      8,160,929      (3,839,484)
             Net purchases premises and equipment ..................       (762,892)       (163,302)
             Investment in limited partnership .....................           ---          (75,000)
             Proceeds from sales of other real estate and
                  repossessed assets ...............................        362,951         322,899
                                                                       ------------    ------------
                  Net cash from investing activities ...............     (7,943,426)     (9,820,637)

Cash flows from financing activities :
            Net increase in deposits ...............................      8,776,282      11,151,987
            Proceeds from borrowings ...............................     37,990,750      49,500,000
            Payment on borrowings ..................................    (41,290,750)    (51,000,000)
            Purchase of treasury stock .............................       (627,380)       (245,000)
            Proceeds from exercising of stock options ..............         78,287         121,000
            Cash dividends paid ....................................       (569,937)       (561,561)
                                                                       ------------    ------------
                  Net cash from financing activities ...............      4,357,252       8,966,426

Net increase (decrease) in cash and cash equivalents ...............       (770,739)      2,809,372
Cash and cash equivalents at beginning of period ...................      8,530,159       5,254,418
                                                                       ------------    ------------
Cash and cash equivalents at end of period .........................   $  7,759,420    $  8,063,790
                                                                       ============    ============
</TABLE>

<PAGE>

                                 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 March 31, 2002
and June 30,  2001 and the  results  of its  operations,  for the three and nine
months ended March 31, 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 March 31, 2002.

     Operating  results for the three and nine  months  ended March 31, 2002 are
not  necessarily  indicative  of the results that may be expected for the fiscal
year ending June 30, 2002.



<PAGE>
                                     PART II
                                 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.

    COMPARISON OF THREE-MONTH AND NINE-MONTH PERIODS ENDED MARCH 31, 2002 AND
                                      2001

     Net income for the three-month and nine-month  periods ended March 31, 2002
was $518,000 and  $1,484,000  compared to net income of $566,000 and  $1,058,000
for the equivalent periods in 2001. The substantial increase of $426,000 for the
nine-month  period  was  primarily  the  result of a  $490,000  decrease  in the
provision for loan loss coupled with a $560,000  increase in total  non-interest
income partially offset by a $258,000 increase in total non-interest expense for
the period  ended March 31, 2002  compared to March 31,  2001.  The  decrease of
$48,000 for the three month  period  ended March 31, 2002 was a  combination  of
lower net interest income, an increase in the provision for loan loss and higher
non-interest income and expense.


<PAGE>

     Diluted net income per common  share was $0.37 for the  three-month  period
ended  March 31, 2002  compared to diluted net income per common  share of $0.39
for the  equivalent  period  in 2001.  For the  comparable  nine-month  periods,
diluted net income per common share was $1.06 in 2002 and $0.73 in 2001.  Return
on average shareholders' equity was 9.47% for the three months and 8.89% for the
nine-months  ended March 31,  2002,  compared  to 10.91% and 6.96% in 2001.  The
return on total average  assets was 0.91% and 0.86% for the three and nine-month
periods ended March 31, 2002, compared to 1.01% and 0.63% in 2001.

NET INTEREST INCOME

     The net interest  income for the  three-month  period ended March 31, 2002,
was $1,597,000  compared to $1,678,000,  a decrease of 4.8% over the same period
in 2001,  resulting in a net yield of 2.91%  compared to 3.13% in 2001.  The net
interest  income for the nine-month  period ended March 31, 2002, was $4,953,000
compared  to  $5,077,000,  a  decrease  of 2.4%  over the same  period  in 2001,
resulting in a net yield of 3.00% compared to 3.14% in 2001.

     Total  average   earning  assets   increased   $4,910,000  and  $6,986,000,
respectively,  for the three-month and nine-month  periods ended March 31, 2002,
over the  comparative  periods  in 2001.  Total  average  investment  securities
increased $11,859,000 and $11,173,000 for the three-month and nine-month periods
over one-year ago. Total average loans  decreased  $6,632,000 and $4,516,000 for
the  three-month  and nine-month  periods over one-year ago. The yields on total
average  earning assets were 7.13% and 8.17% for the  three-month  periods ended
March 31, 2002, and 2001 and 7.38% and 8.13% for the nine-month periods.

     The following tables set forth consolidated  information  regarding average
balances and rates.

<TABLE>
<CAPTION>
                                                         FFW Corp
                                                   Three Months Ending
                                                      (In Thousands)

                                                          03/31/2002                          03/31/2001
                                                Average                   Average   Average                 Average
Interest-earning assets:                        Balance    Interest        Rate     Balance    Interest       Rate
------------------------                        -------    --------        ----     -------    --------       ----
<S>                                            <C>        <C>              <C>     <C>        <C>             <C>
Loans receivable                               $147,301   $   2,917        8.03%   $153,933   $   3,360       8.85%
Securities available for sale                    72,133         967        5.48%     60,274         986       6.58%
Other interest-earning assets                     2,868          13        1.84%      3,185          43       5.48%
                                               --------   ---------                --------   ---------
     Total interest-earning assets              222,302       3,897        7.13%    217,392       4,389       8.17%

     Non interest-earning assets
Cash and due from financial inst.                 5,245                               4,485
Allowance for loan losses                        (1,992)                             (1,810)
Other non interest-earning assets                 6,231                               6,476
                                               --------                            --------
     Total assets                              $231,786                            $226,543
                                               ========                            ========
Interest-bearing liabilities:
-----------------------------
Interest-bearing deposits                      $140,515       1,532        4.42%   $132,499       1,797       5.50%
FHLB advances                                    57,185         768        5.45%     62,210         915       5.97%
                                               --------   ---------                --------   ---------
     Total interest-bearing liabilities         197,700       2,300        4.72%    194,709       2,712       5.65%
                                               --------   ---------                --------   ---------

Non interest-bearing deposit accounts             9,859                               8,635
Other non interest-bearing liabilities            2,058                               2,179
                                               --------                            --------
     Total liabilities                          209,617                             205,523
Shareholders' equity                             22,169                              21,020
                                               --------                            --------
     Total liabilities and shareholders equity $231,786                            $226,543
                                               ========                            ========
Net interest income                                         $ 1,597                             $ 1,677
                                                          =========                           =========
Net interest margin                                                        2.91%                             3.13%
                                                                           =====                             =====
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                         FFW Corp
                                                    Nine Months Ending
                                                      (In Thousands)

                                                          03/31/2002                          03/31/2001
                                                Average                   Average   Average                 Average
Interest-earning assets:                        Balance    Interest        Rate     Balance    Interest       Rate
------------------------                        -------    --------        ----     -------    --------       ----
<S>                                            <C>        <C>              <C>     <C>        <C>             <C>
Loans receivable                               $149,715      $9,219        8.20%   $154,231     $10,123       8.74%
Securities available for sale                    67,919       2,906        5.77%     56,746       2,898       6.62%
Other interest-earning assets                     3,140          58        2.46%      2,811         126       5.97%
                                               --------   ---------                --------   ---------
     Total interest-earning assets              220,774      12,183        7.38%    213,788      13,147       8.13%


     Non interest-earning assets
Cash and due from financial inst.                 5,145                               4,457
Allowance for loan losses                        (1,794)                             (2,128)
Other non interest-earning assets                 5,985                               6,656
                                               --------                            --------
     Total assets                              $230,110                            $222,773
                                               ========                            ========
Interest-bearing liabilities:
-----------------------------
Interest-bearing deposits                      $137,501       4,826        4.68%   $128,645       5,208       5.39%
FHLB advances                                    58,357       2,404        5.49%     62,636       2,862       6.09%
                                               --------   ---------                --------   ---------
     Total interest-bearing liabilities         195,858       7,230        4.92%    191,281       8,070       5.62%
                                               --------   ---------                --------   ---------

Non interest-bearing deposit accounts             9,681                               8,835
Other non interest-bearing liabilities            2,340                               2,403
                                               --------                            --------
     Total liabilities                          207,879                             202,519
Shareholders' equity                             22,231                              20,254
                                               --------                            --------
     Total liabilities and shareholders equity $230,110                            $222,773
                                               ========                            ========
Net interest income                                         $ 4,953                             $ 5,077
                                                          =========                           =========
Net interest margin                                                        3.00%                             3.14%
                                                                           =====                             =====
</TABLE>

PROVISION FOR LOAN LOSSES

     The Company establishes an allowance for loan losses 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  allowances,  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 Office of
Thrift  Supervision,  (OTS),  which may order the  establishment  of  additional
general or specific reserve allowances.


<PAGE>

     The provision for loan losses was $305,000 and $980,000 for the three-month
and nine-month  periods ended March 31, 2002 and $225,000 and $1,470,000 for the
same periods in 2001. A substantial difference between the nine-month periods is
due to an additional $900,000 provision taken in the period ending September 30,
2000 on loans to a single  borrower.  Net  charge-offs  of  $176,000  have  been
recorded for the three-month  period ended March 31, 2002,  compared to $501,000
of net charge-offs for the same period in 2001. Net charge-offs of $723,000 have
been  recorded  for the  nine-month  period  ended March 31,  2002,  compared to
$1,829,000 of net charge-offs 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  to  address
recognizable and currently  estimated losses.  The allowance for loan losses was
$2,030,000 or 1.42% of net loans as of March 31, 2002, compared to $1,901,000 or
1.29% of net loans at December 31, 2001 and  $1,773,000 or 1.17% of net loans at
June 30, 2001. It is management's  opinion that the allowance for loan losses is
adequate to absorb existing losses in the loan portfolio as of March 31, 2002.


NON-INTEREST INCOME

     Non-interest  income for the three-month and nine-month periods ended March
31, 2002 was $625,000 and  $1,463,000  compared to $313,000 and $903,000 for the
periods in 2001.  The  nine-month  increase of $560,000 from the prior period is
composed  primarily of increased gain on sale of loans,  $297,000  higher due to
increased  sales volume  during the current nine  months,  increased  commission
income from FirstFed  Financial,  $107,000 higher, and increased gain on sale of
investments,  $120,000 higher, compared to the period ending March 31, 2001. The
three-month  increase of $312,000 from the prior period is composed primarily of
increased gain on sale of loans,  $168,000  higher which includes  $125,000 from
the  adjustment  of mortgage  servicing  right assets  during the  quarter,  and
increased gain on sale of investments,  $98,000  higher,  compared to the period
ending March 31, 2001.


NON-INTEREST EXPENSE

     Non-interest  expense for the three-month  period ended March 31, 2002, was
$1,239,000,  an increase of $200,000,  or 19.2%,  compared to the same period in
2001 and was  $3,425,000  for the  nine-month  period ended March 31,  2002,  an
increase of $257,000,  or 8.1%. For the nine-month  period ended March 31, 2002,
compensation  and employee  benefits  increased  6.4%,  occupancy  and equipment
expense decreased 2.9% and data processing  expense decreased 1.1% over the same
period in 2001. Other  non-interest  expense increased 17.2% from the prior year
due primarily to an adjustment related to serviced loans.


INCOME TAXES

     The provisions for income taxes for the three-month and nine-month  periods
ended March 31, 2002,  were  $161,000 and  $527,000,  respectively,  compared to
$161,000  and  $285,000 in 2001.  The  provision  for income  taxes for the nine
months ended March 31, 2002, is at a rate which management believes approximates
the effective rate for the year ending June 30, 2002.


<PAGE>

REGULATORY CAPITAL REQUIREMENTS

     The Bank is required to maintain  specific  amounts of  regulatory  capital
pursuant to  regulations  of the OTS. At March 31, 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
                                       ------     -----          ------      -----           ------   -----
<S>                                  <C>          <C>          <C>           <C>           <C>         <C>
As of March 31, 2002
  Total Risk-based Capital           $ 19,966     13.67%       $  11,686     8.00%         $  14,608  10.00%
       (to risk weighted assets)
  Tier I (Core) Capital                18,137     12.42%           5,843     4.00%             8,765   6.00%
       (to risk weighted assets)
  Tier I (Core) Capital                18,137      7.76%           9,348     4.00%            11,685   5.00%
       (to adjusted total assets)

</TABLE>

IMPACT OF NEW ACCOUNTING STANDARDS

In August 2001, the Financial  Accounting  Standards  Board issued SFAS No. 143,
"Accounting  for Asset  Retirement  Obligations"  which  will be  adopted by the
Company on July 1, 2003. The new accounting  standard  addresses  accounting for
obligations  associated with the retirement of tangible,  long-lived  assets and
requires  a  liability  to  be  recognized  for  the  fair  value  of  any  such
obligations. Adoption of this standard on July 1, 2003 is not expected to have a
material effect on the Company's  consolidated  financial position or results of
operations.

On July 1,  2002,  the  Company  will adopt SFAS No.  144,  "Accounting  for the
Impairment  or Disposal of  Long-Lived  Assets."  This new  accounting  standard
establishes more restrictive  requirements for the  classification  of assets as
"held for  sale"  and also  expands  the  types of  dispositions  that are to be
accounted for as discontinued  operations.  Adoption of this standard on July 1,
2002 will not have a material  effect on the  Company's  consolidated  financial
position or results of operations.

<PAGE>

Part II - Other Information

     As  of  March  31,   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

        Not Applicable.

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:     May 14, 2002                 /S/ Roger  K.  Cromer
     ----------------------            -----------------------------------------
                                          Roger K. Cromer
                                          President and Chief Executive Officer




Date:     May 14, 2002                 /S/ Timothy A.  Sheppard
     ----------------------            -----------------------------------------
                                          Timothy A. Sheppard
                                          Treasurer and Chief Accounting Officer