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 December 31, 2000

                                       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                    (I.R.S. Employer
of incorporation or organization)           of incorporation or Number)

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

                                 (219) 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 February 13, 2001, there were 1,424,627 shares of the Registrant's  common
stock issued and outstanding.

<PAGE>

                                 FFW CORPORATION

                                      INDEX

PART I.  FINANCIAL INFORMATION                                          PAGE NO.

Item 1.  Consolidated Condensed Financial Statements

             Consolidated Balance Sheets December 31, 2000                3
             and June 30, 2000

             Consolidated  Statements  of  Income  for the  three and     4
             six months ended December 31, 2000 and 1999.

             Consolidated  Statements  of Cash  Flows  for the six        5
             months ended December 31, 2000 and 1999.

             Notes to Consolidated Condensed Financial Statements         7


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


PART II. OTHER INFORMATION

         Items 1-6                                                       13

         Signature Page                                                  14



                                       2

<PAGE>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION

                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

ASSETS:                                                                                      (Unaudited)
-------                                                                                      December 31         June 30
                                                                                                2000              2000
                                                                                            -------------    -------------
<S>                                                                                         <C>              <C>
       Cash and due from financial institutions.........................................    $   5,436,084    $   4,152,652
       Interest-earning deposits in financial institutions - short term.................        3,231,795        1,101,766
                                                                                            -------------    -------------
                 Cash and cash equivalents .............................................        8,667,879        5,254,418
       Securities available for sale ...................................................       51,082,951       52,026,138
       Loans receivable, net of allowance for loan losses of $1,878,143 at December 31
                 and $1,961,318 at June 30 .............................................      151,317,820      150,810,106
       Federal Home Loan Bank stock, at cost ...........................................        3,400,900        3,400,900
       Accrued interest receivable .....................................................        1,537,225        1,666,265
       Premises and Equipment-net.......................................................        2,084,732        2,028,386
          Investment in limited partnership.............................................          536,254          561,254
       Other assets ....................................................................        2,721,366        3,289,565
                                                                                            -------------    -------------
                           Total Assets.................................................    $ 221,349,127    $ 219,037,032
                                                                                            =============    =============

LIABILITIES AND SHAREHOLDERS' EQUITY:
-------------------------------------

Liabilities:

       Non-interest-bearing demand deposits.............................................    $   8,956,432    $   8,875,968
       Savings, NOW and MMDA deposits...................................................       46,379,740       48,198,026
       Other time deposits..............................................................       83,855,474       76,030,606
                                                                                            -------------    -------------
                 Total Deposits.........................................................      139,191,646      133,104,600
       Federal Home Loan Bank advances .................................................       59,667,542       64,167,542
       Obligation relative to limited partnership.......................................                0           75,000
       Accrued Interest Payable.........................................................          220,448          285,680
       Accrued expenses and other liabilities...........................................        1,341,020        1,789,290
                                                                                            -------------    -------------
                 Total Liabilities .....................................................      200,420,656      199,422,112

Shareholders' Equity:

       Preferred stock, $.01 par value, 500,000 shares authorized none issued ..........               --               --
       Common stock, $.01 par value, 2,000,000 shares authorized, 1,808,013 shares
            issued and 1,424,627 shares outstanding at December 31, 2000; 1,807,013
            shares issued and 1,423,627 shares outstanding at June 30, 2000 ............           18,080           18,070
       Additional paid-in capital.......................................................        9,233,118        9,228,128
       Retained earnings - substantially restricted.....................................       15,666,007       15,547,131
          Accumulated other comprehensive income........................................         (302,254)      (1,479,969)
       Unearned Management Retention Plan shares........................................          (60,394)         (72,354)
       Treasury Stock at cost, 383,386 shares on December 31, 2000 and
                 June 30, 2000..........................................................       (3,626,086)      (3,626,086)
                                                                                            -------------    -------------
                       Total Shareholders' equity.......................................       20,928,471       19,614,920

                           Total Liabilities and Shareholders' Equity ..................    $ 221,349,127    $ 219,037,032
                                                                                            =============    =============
</TABLE>

                                       3

<PAGE>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                               Three Months Ended                   Six Months Ended
                                                                   December 31                         December 31
                                                              2000             1999               2000             1999
                                                              ----             ----               ----             ----
Interest Income :
           <S>                                            <C>              <C>                <C>              <C>
           Loans Receivable
                     Mortgage loans ..................    $ 1,526,295      $ 1,449,903        $ 3,033,707      $ 2,898,079
                     Consumer and other loans ........      1,859,357        1,746,465          3,728,802        3,510,402
           Securities
                     Taxable .........................        830,053          790,671          1,679,364        1,561,763
                     Nontaxable ......................        119,485          115,139            232,262          227,773
           Other Interest-earning assets .............         54,375           24,443             83,690           57,250
                                                          -----------      ------------       -----------      ------------
                     Total Interest Income ...........      4,389,565        4,126,621          8,757,825        8,255,267

Interest Expense :
           Deposits ..................................      1,759,364        1,477,191          3,411,227        2,933,353
           Other .....................................        962,459          906,181          1,946,994        1,816,490
                                                          -----------      ------------       -----------      ------------
                     Total Interest Expense ..........      2,721,823        2,383,372          5,358,221        4,749,843
                                                          -----------      ------------       -----------      ------------

Net Interest Income ..................................      1,667,742        1,743,249          3,399,604        3,505,424

           Provision for Loan Losses .................        210,000          215,000          1,245,000          350,000
                                                          -----------      ------------       -----------      ------------

Net interest income after provision for loan losses ..      1,457,742        1,528,249          2,154,604        3,155,424

Non-interest income :

           Net gain (loss) on sale of securities .....       (15,951)                0           (15,951)         (34,224)
           Other .....................................        311,223          357,509            606,316          663,954
                                                          -----------      ------------       -----------      ------------
                     Total Non-Interest Income .......        295,272          357,509            590,365          629,730

Non-Interest Expense:

           Compensation and Benefits .................        489,370          470,602          1,010,271        1,014,012
           Occupancy and equipment ...................        105,099           95,691            201,626          190,478
           Data Processing Expense ...................        116,247          113,204            231,475          220,765
           Other .....................................        344,473          326,505            685,339          647,518
                                                          -----------      ------------       -----------      ------------
                     Total Non-Interest Expense ......      1,055,189        1,006,002          2,128,711        2,072,773
                                                          -----------      ------------       -----------      ------------

Income before income taxes ...........................        697,825          879,756            616,258        1,712,381

           Income Tax Expense ........................        171,018          316,891            124,045          615,475

Net Income ...........................................    $   526,807      $   562,865        $   492,213      $ 1,096,906
                                                          ===========      ============       ===========      ============

Comprehensive Income (Loss) ..........................    $ 1,344,024      $  (137,366)       $ 1,669,928      $  (197,644)
                                                          ===========      ============       ===========      ============

Earnings per common share :

           Basic .....................................    $       .37      $       .40        $       .35      $       .77
           Diluted ...................................    $       .36      $       .39        $       .34      $       .76

</TABLE>


                                       4

<PAGE>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                           Six Months Ended
                                                                                             December 31
                                                                                       2000               1999
                                                                                    ----------        -----------
Cash flows from operating activities:
<S>                                                                                 <C>               <C>
           Net Income ...................................................           $  492,213        $ 1,096,906
           Adjustments to reconcile net income to net cash
               From operating activities:
               Depreciation and amortization, net of accretion ..........              (26,766)           (11,618)
               Provision for loan losses ................................            1,245,000            350,000
               Net (gains) losses on sale of:
                     Securities available for sale ......................               15,951             34,224
                        Loans held for sale .............................              (21,189)            (7,015)
                     Foreclosed real estate owned & repossessed assets                       0            (37,883)
               Origination of loans held for sale .......................           (1,998,750)          (890,400)
               Proceeds from sale of loans held for sale ................            2,019,939            897,415
               ESOP expenses ............................................                    0            121,181
               Net change in accrued interest receivable and other
                        assets ..........................................             (103,244)          (143,994)
               Amortization of goodwill and core deposit intangibles ....               79,065             78,174
               Net change in accrued interest payable, accrued
                     expenses and other liabilities .....................             (501,542)           290,618
                                                                                    ----------        -----------
                               Total adjustments ........................              708,464            680,702
                                                                                    ----------        -----------
                     Net cash from operating activities .................            1,200,677          1,777,608

Cash flows from investing activities :
               Proceeds from:
                     Sales/calls of securities available for sale .......            4,283,594          2,980,941
                     Maturities of securities available for sale ........              405,000            780,000
               Purchase of:
                     Securities available for sale ......................           (1,888,428)        (4,096,398)
                     Federal Home Loan Bank stock .......................                    0                  0
               Principal collected on mortgage- backed securities .......              204,212            173,427
               Net change in loans receivable ...........................           (1,980,809)          (956,089)
               Net purchases premises and equipment .....................             (156,863)           (44,078)
               Investment in limited partnership ........................              (75,000)                 0
               Proceeds from sales of other real estate and
                     Repossessed assets .................................              202,369            603,795
                                                                                    ----------        -----------
                     Net cash from investing activities .................              994,075           (558,402)

</TABLE>


                                       5

<PAGE>


                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Continued)

<TABLE>
<CAPTION>
                                                                           Six Months Ended
                                                                              December 31
                                                                        2000               1999
                                                                        ----               ----
Cash flows from financing activities :
            <S>                                                     <C>               <C>
            Net increase in deposits...........................     $  6,087,046      $  5,324,563
            Proceeds from borrowings ..........................       35,560,400        38,747,898
            Payment on borrowings..............................      (40,060,400)      (39,171,024)
            Purchase of treasury stock  .......................                0          (442,024)
            Proceeds from exercising of stock options  ........            5,000            54,885
            Cash dividends paid  ..............................         (373,337)         (345,468)
                                                                    ------------      ------------
                  Net cash from financing activities ..........        1,218,709         4,168,830

Net increase (decrease) in cash and cash equivalents ..........        3,413,461         5,388,036
Cash and cash equivalents at beginning of period ..............        5,254,418         4,839,235
                                                                    ------------      ------------

Cash and cash equivalents at end of period ....................     $  8,667,879      $ 10,227,271
                                                                    ============      ============
</TABLE>


                                       6

<PAGE>


                                 FFW CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)

(1)  Basis of Presentation

         The accompanying  unaudited Consolidated Condensed Financial Statements
have been prepared in accordance with generally accepted  accounting  principles
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 generally  accepted  accounting  principles  for complete
financial statements.

         In the opinion of  management,  the  Consolidated  Condensed  Financial
Statements  contain  all  adjustments   (consisting  only  of  normal  recurring
adjustments)  necessary  to  represent  fairly the  financial  condition  of FFW
Corporation  as of  December  31,  2000 and June 30, 2000 and the results of its
operations,  for the three and six  months  ended  December  31,  2000 and 1999.
Financial  Statement  reclassifications  have been made for the prior  period to
conform to  classifications  used as of and for the period  ended  December  31,
2000.

         Operating  results for the three and six months ended December 31, 2000
are not  necessarily  indicative  of the results  that may be  expected  for the
fiscal year ended June 30, 2001.


                                       7

<PAGE>


                                     PART II
                                 FFW CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS

GENERAL

         The accompanying  Consolidated  Condensed 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  of  Wabash,  Inc.  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  generally  accepted  accounting
principles;  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 SIX-MONTH PERIODS
                        ENDED DECEMBER 31, 2000 AND 1999

         Net income for the three-month and six-month periods ended December 31,
2000 was $527,000 and $492,000 compared to net income of $563,000 and $1,097,000
for the equivalent  periods in 1999. The substantial  decrease for the six-month
period was primarily the result of a $900,000 increase in the provision for loan
loss incurred in the period ended September 30, 2000.

         Diluted  net  income  per  common  share was $0.36 for the  three-month
period  ending  December  31,  2000 as compared to diluted net income per common
share of $0.39 for the equivalent  period in 1999. For the comparable  six-month
periods,  diluted  net income  per  common  share was $0.34 in 2000 and $0.76 in
1999. Return on average shareholders' equity was 10.56% for the three months and
4.91% for the six months ended December 31, 2000,  compared to 11.89% and 11.36%
in 1999.  The return on total average  assets was 0.94% for the three months and
0.44% for the six months ended December 31, 2000, compared to 1.00% and 0.99% in
1999.


                                       8

<PAGE>

NET INTEREST INCOME

         The net interest income for the  three-month  period ended December 31,
2000,  was $1,668,000  compared to $1,743,000,  a decrease of 4.3% over the same
period in 1999, resulting in a net yield of 3.10% compared to 3.30% in 1999. The
net  interest  income for the  six-month  period ended  December  31, 2000,  was
$3,400,000  compared to  $3,505,000,  a decrease of 3.0% over the same period in
1999, resulting in a net yield of 3.18% compared to 3.31% in 1999.

         Total average  earning  assets  increased  $3,114,000  and  $1,604,000,
respectively, for the three-month and six-month periods ended December 31, 2000,
over the  comparative  periods  in 1999.  Total  average  investment  securities
increased  $900,000  and  $1,094,000,  respectively,  for  the  three-month  and
six-month periods over one-year ago. Total average loans increased  $464,000 and
$127,000,  respectively, for the three-month and six-month periods over one-year
ago.  The yields on total  average  earning  assets were 8.15% and 7.80% for the
three-month  periods ended  December 31, 2000,  and 1999 and 8.20% and 7.80% for
the six-month periods.

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

                                    FFW Corp
                               Three Months Ending
                                 (In Thousands)

<TABLE>
<CAPTION>
                                                             December 31, 2000                           December 31, 1999
                                                     ---------------------------------          ---------------------------------
                                                     Average                   Average          Average                   Average
Interest-earning assets:                             Balance      Interest      Rate            Balance      Interest      Rate
------------------------                             -------      --------      ----            -------      --------      ----
<S>                                                 <C>            <C>          <C>            <C>            <C>          <C>
Loans                                               $154,703       $3,385       8.68%          $154,239       $3,197       8.25%

Securities                                            54,623          950       6.90%            53,723          906       6.71%
Other interest-earning assets                          4,214           54       5.08%             2,464           24       3.87%
                                                    --------       ------                      --------       ------
     Total interest-earning assets                   213,540        4,389       8.15%           210,426        4,127       7.80%

     Non interest-earning assets
Cash and due from                                      3,874                                      6,537
Allowance for loan losses                             (2,529)                                    (1,547)
Other non interest-earning assets                      7,640                                      6,859
                                                    --------                                   --------
     Total assets                                   $222,525                                   $222,275
                                                    ========                                   ========

Interest-bearing liabilities:

Interest-bearing deposits                           $128,398        1,759       5.44%          $126,326        1,477       4.65%
FHLB advances                                         61,681          962       6.19%            64,829          907       5.57%
                                                    --------       ------                      --------       ------
     Total interest-bearing liabilities              190,079        2,721       5.68%           191,155        2,384       4.96%
                                                    --------       ------                      --------       ------

Non interest-bearing deposit accounts                  8,675                                      8,782
Other non interest-bearing liabilities                 3,971                                      3,556
                                                    --------                                   --------
     Total liabilities                               202,725                                    203,493
Shareholders' equity                                  19,800                                     18,782
                                                    --------                                   --------
     Total liabilities and shareholders equity      $222,525                                   $222,275
                                                    --------                                   --------

Net interest income                                                $1,668                                     $1,743
                                                                   ======                                     ======
Net interest margin                                                             3.10%                                      3.30%
                                                                                =====                                      =====
</TABLE>


                                       9

<PAGE>

                                    FFW Corp
                                Six Months Ending
                                 (In Thousands)


<TABLE>
<CAPTION>
                                                             December 31, 2000                           December 31, 1999
                                                    ----------------------------------          ---------------------------------
                                                    Average                    Average          Average                   Average
Interest-earning assets:                            Balance       Interest      Rate            Balance      Interest      Rate
------------------------                            -------       --------      ----            -------      --------      ----
<S>                                                <C>             <C>          <C>            <C>            <C>          <C>
Loans                                              $154,381        $6,762       8.69%          $154,254       $6,408      8.26%
Securities                                           54,982         1,912       6.90%            53,888        1,790      6.61%
Other interest-earning assets                         2,623            84       6.35%             2,240           57      5.06%
                                                   --------        ------                      --------       ------
     Total interest-earning assets                  211,986         8,758       8.20%           210,382        8,255      7.80%

     Non interest-earning assets
Cash and due from                                     4,443                                       5,850
Allowance for loan losses                            (2,287)                                     (1,590)
Other non interest-earning assets                     6,746                                       6,759
                                                   --------                                    --------
     Total assets                                  $221,401                                    $220,888
                                                   ========                                    ========

Interest-bearing liabilities:

Interest-bearing deposits                          $126,718         3,411       5.34%          $125,532        2,933      4.65%
FHLB advances                                        62,849         1,947       6.15%            65,389        1,817      5.53%
                                                   --------        ------                      --------       ------
     Total interest-bearing liabilities             189,567         5,358       5.61%           190,921        4,750      4.95%
                                                   --------        ------                      --------       ------

Non interest-bearing deposit accounts                 8,935                                       8,810
Other non interest-bearing liabilities                2,515                                       2,571
                                                   --------                                    --------
     Total liabilities                              201,017                                     202,302
Shareholders' equity                                 19,871                                      19,099
                                                   --------                                    --------
     Total liabilities and shareholders equity     $220,888                                    $221,401
                                                   ========                                    ========

Net interest income                                               $3,400                                     $3,505
                                                                  ======                                     ======
Net interest margin                                                             3.18%                                     3.31%
                                                                                =====                                     =====

</TABLE>

PROVISION FOR LOAN LOSSES

         The   provision   for  loan  losses  was   $210,000   and   $1,245,000,
respectively,  for the three-month and six-month periods ended December 31, 2000
and  $215,000  and  $350,000  for the  same  periods  in 1999.  The  substantial
difference  between  the  six-month  amounts  is due to an  additional  $900,000
provision  taken in the period  ending  September  30, 2000 on loans to a single
borrower.   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  anticipated  losses.  Net  charge-offs  of
$1,229,000  have been  recorded for the  three-month  period ended  December 31,
2000,  compared to $295,000 of net  charge-offs for the same period in 1999. Net
charge-offs  of $1,328,000  have been  recorded for the  six-month  period ended
December 31, 2000,  compared to $401,000 of net  charge-offs for the same period
in 1999.  The allowance for loan losses was  $1,878,000 or 1.24% of net loans as
of December 31, 2000,  compared to  $1,962,000 or 1.30% of net loans at June 30,
2000.


                                       10
<PAGE>

         Subsequent  to  September  30,  2000,   the  Company  became  aware  of
circumstances  that had occurred  involving  loans the Bank had  originated to a
single borrower backed by collateral of automobiles and lease receivables. After
review,  management concluded that these loans were impaired and necessitated an
increase  of  $900,000  in the Bank's  provision  for loan loss  compared to the
three-month period ended September 30, 1999. As of December 31, 2000, management
believes that the additional provision was adequate for these loans and that any
subsequent  losses  associated  with  these  loans  will be  covered  within the
Company's ordinary loan loss provision.

         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,  which  may  order  the  establishment  of
additional general or specific reserve  allowances.  It is management's  opinion
that the allowance for loan losses is adequate to absorb  existing losses in the
loan portfolio as of December 31, 2000.

NON-INTEREST INCOME

         Non-interest income for the three-month periods ended December 31, 2000
and 1999 was $295,000 and $358,000,  respectively, and for the six-month periods
was $590,000 and $630,000.  The  decreases  from the prior periods are primarily
the result of reduced  commission income and the effect of recording losses from
the Company's investment in a low income housing limited partnership.

NON-INTEREST EXPENSE

         Non-interest  expense for the  three-month  period  ended  December 31,
2000, was $1,055,000,  an increase of $49,000, 4.9%, compared to the same period
in 1999 and was $2,129,000 for the six-month  period ended December 31, 2000, an
increase of 2.7% from 1999.  For the six-month  period ended  December 31, 2000,
compensation  and employee  benefits  decreased  0.4%,  occupancy  and equipment
expense  increased  5.9%,  data  processing  expense  increased  4.9% and  other
non-interest expense increased 5.8% over the same period in 1999.

INCOME TAXES

         The  provision  for  income  taxes for the  three-month  and  six-month
periods  ended  December 31, 2000,  was  $171,000  and  $124,000,  respectively,
compared to $317,000 and  $615,000.  Part of the  reduction in the provision for
income taxes reflects benefits from tax credits on the Company's investment in a
low  income  housing  limited  partnership,   the  reapportionment  of  interest
affecting  state taxes and the  recognition  of some  deferred  tax assets.  The
reduction in the  provision  for income  taxes is also  greatly  affected by the
impact of federal tax-free  municipal interest and a dividend received deduction
on FNMA preferred stock. The impact of these items is magnified  compared to the
periods in 1999 due to substantially lower income before taxes.


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<PAGE>

REGULATORY CAPITAL REQUIREMENTS

         Pursuant to the Financial Institution Reform, Recovery, and Enforcement
Act of 1989 ("FIRREA"),  savings  institutions  must meet three separate minimum
capital-to-asset  requirements.  As of December  31,  2000,  the Bank  maintains
risk-based,  core capital and tangible capital ratios of 13.61%, 7.98% and 7.98%
compared to capital requirements of 8.00%, 4.00% and 1.50%, respectively.

LIQUIDITY

The standard measure of liquidity for savings  associations is the ratio of cash
and eligible  investments to a certain  percentage of net  withdrawable  savings
accounts  and  borrowings  due within one year.  The minimum  required  ratio is
currently  set by the  Office  of  Thrift  Supervision  Regulation  at 5.0%.  At
December 31, 2000, the Bank's liquidity ratio was 8.47%.


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<PAGE>


                           Part II - Other Information

         As of  December  31,  2000,  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


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<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:     February 13, 2001                     /S/ Roger  K.  Cromer
    --------------------------------            --------------------------
                                                Roger K. Cromer
                                                President and Chief

Executive Officer

Date:     February 13, 2001                     /S/ Timothy A.  Sheppard
    --------------------------------            --------------------------
                                                Timothy A. Sheppard
                                                Treasurer and Chief
                                                Financial Accounting Officer

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