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, 2003
                                       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 5, 2003, there were 1,321,800 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 for March 31, 2003                  3
               and June 30, 2002

               Consolidated Statements of Income and                           4
               Comprehensive Income for the three and
               nine months ended March 31, 2003 and 2002.

               Consolidated Statements of Cash Flows for the                   5
               nine months ended March 31, 2003 and 2002.

               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                                            14


PART II. OTHER INFORMATION


            Items 1-6                                                         15

            Signature Page                                                    16

            Certifications                                                    17
<PAGE>
<TABLE>
<CAPTION>
                                               PART I: FINANCIAL INFORMATION
                                                       FFW CORPORATION
                                                 CONSOLIDATED BALANCE SHEETS

                                                                                      (Unaudited)
                                                                                       March 31          June 30
                                                                                         2003              2002
                                                                                     ------------      ------------
ASSETS :
<S>                                                                                  <C>               <C>
   Cash and due from financial institutions                                          $  7,855,331      $  6,321,697
   Interest-earning deposits in other financial institutions - short term               1,638,337         2,996,816
                                                                                     ------------      ------------
     Cash and cash equivalents                                                          9,493,668         9,318,513
   Securities available for sale                                                       87,924,883        76,344,629
   Loans receivable, net of allowance for loan losses of $2,606,292 at March 31,
     2003 and $2,361,241 at June 30, 2002                                             124,525,925       141,857,794
   Federal Home Loan Bank stock, at cost                                                3,400,900         3,400,900
   Accrued interest receivable                                                          1,262,711         1,448,182
   Premises and equipment, net                                                          2,685,576         2,693,163
   Investment in limited partnership                                                      365,974           409,974
   Cash surrender value of life insurance                                               4,651,041               ---
   Other assets                                                                         2,337,614         2,355,286
                                                                                     ------------      ------------
     Total Assets                                                                    $236,648,292      $237,828,441
                                                                                     ============      ============

LIABILITIES AND SHAREHOLDERS' EQUITY:

Liabilities:
   Noninterest-bearing demand deposits                                               $ 12,300,829      $  9,981,667
   Savings, NOW and MMDA deposits                                                      69,622,528        67,611,581
   Other time deposits                                                                 83,649,175        81,067,474
                                                                                     ------------      ------------
     Total Deposits                                                                   165,572,532       158,660,722
   Federal Home Loan Bank advances                                                     44,740,957        54,362,554
   Accrued interest payable                                                               704,043           153,571
   Accrued expenses and other liabilities                                               2,283,646         2,242,805
                                                                                     ------------      ------------
     Total Liabilities                                                                213,301,178       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 1,321,800 shares outstanding at March 31, 2003; 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                                        18,882,584        17,711,055
   Accumulated other comprehensive income                                                 623,992           138,695
   Unearned management retention plan shares                                              (55,770)          (80,961)
   Treasury stock at cost, 508,028 shares on March 31, 2003 and
     462,453 shares on June 30, 2002                                                   (5,467,113)       (4,723,421)
                                                                                     ------------      ------------
     Total Shareholders' Equity                                                        23,347,114        22,408,789
                                                                                     ------------      ------------
       Total Liabilities and Shareholders' Equity                                    $236,648,292      $237,828,441
                                                                                     ============      ============
</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
                                                       2003              2002             2003              2002
                                                    ----------        ----------       ----------        ----------
<S>                                                 <C>               <C>              <C>               <C>
Interest income:
   Loans receivable
     Mortgage loans                                 $1,062,830        $1,316,337       $3,407,716        $4,283,245
     Consumer and other loans                        1,428,214         1,600,585        4,462,926         4,936,082
   Securities
     Taxable                                           636,436           792,255        2,067,574         2,452,994
     Nontaxable                                        256,663           174,810          730,532           453,363
   Other interest-earning assets                        21,225            13,230           60,967            57,883
                                                    ----------        ----------       ----------        ----------
     Total interest income                           3,405,368         3,897,217       10,729,715        12,183,567

Interest expense:
   Deposits                                          1,139,278         1,531,914        3,672,873         4,826,319
   Other                                               613,968           768,369        1,997,730         2,403,932
                                                    ----------        ----------       ----------        ----------
     Total interest expense                          1,753,246         2,300,283        5,670,603         7,230,251
                                                    ----------        ----------       ----------        ----------

Net interest income                                  1,652,122         1,596,934        5,059,112         4,953,316
   Provision for loan losses                           460,000           305,000        1,090,000           980,000
                                                    ----------        ----------       ----------        ----------

Net interest income after provision for loan losses  1,192,122         1,291,934        3,969,112         3,973,316

Non-interest income:
   Net gain (loss) on sale of securities                25,452            92,229           26,033            97,229
   Net gain on sale of loans                           172,184           193,747          513,990           344,442
   Other                                               489,512           339,439        1,278,053         1,021,297
                                                    ----------        ----------       ----------        ----------
     Total non-interest income                         687,148           625,415        1,818,076         1,462,968

Non-interest expense:
   Compensation and benefits                           572,831           549,410        1,733,240         1,603,547
   Occupancy and equipment                             103,053           102,071          304,826           292,934
   Data processing expense                             138,278           117,771          379,503           348,512
   Other                                               388,907           469,762        1,150,295         1,180,251
                                                    ----------        ----------       ----------        ----------
     Total non-interest expense                      1,203,069         1,239,014        3,567,864         3,425,244
                                                    ----------        ----------       ----------        ----------

Income before income taxes                             676,201           678,335        2,219,324         2,011,040
   Income tax expense                                   91,738           160,581          442,471           527,298
                                                    ----------        ----------       ----------        ----------

Net income                                          $  584,463        $  517,754       $1,776,853        $1,483,742
                                                    ==========        ==========       ==========        ==========
   Change in unrealized appreciation (depreciation)
   on securities available for sale, net of tax       (107,681)         (509,391)         485,297          (482,138)
                                                    ----------        ----------       ----------        ----------

Comprehensive income                                  $476,782            $8,363       $2,262,150        $1,001,604
                                                    ==========        ==========       ==========        ==========

Earnings per common share:
   Basic                                                  $.44              $.38            $1.32             $1.07
   Diluted                                                $.43              $.37            $1.30             $1.06

</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                    PART I: FINANCIAL INFORMATION
                                           FFW CORPORATION
                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                             (Unaudited)
                                                                       Nine Months Ended
                                                                            March 31
                                                                      2003             2002
                                                                 ------------      ------------
Cash flows from operating activities :
<S>                                                              <C>               <C>
   Net income                                                    $  1,776,853      $  1,483,742
   Adjustments to reconcile net income to net cash
     from operating activities :
     Depreciation and amortization, net of accretion                  358,631           134,380
     Provision for loan losses                                      1,090,000           980,000
     Increase in cash surrender value of life insurance              (151,041)              ---
     Net (gains) losses on sale of :
       Securities available for sale                                  (26,033)          (97,229)
       Loans held for sale                                           (513,990)         (344,442)
       Foreclosed estate owned and repossessed assets                 (46,225)            4,085
     Origination of loans held for sale                           (40,265,201)      (24,692,019)
     Proceeds from sale of loans held for sale                     40,660,326        24,911,461
     Net change in accrued interest receivable and other
       assets                                                         271,309           110,049
     Amortization of goodwill                                             ---            70,420
     Net change in accrued interest payable, accrued
       expenses and other liabilities                                 616,504           254,988
                                                                 ------------      ------------
         Total adjustments                                          1,994,280         1,331,693
                                                                 ------------      ------------
       Net cash from operating activities                           3,771,133         2,815,435

Cash flows from investing activities :
   Proceeds from :
     Sales/calls of securities available for sale                  10,141,285        16,448,829
     Maturities of securities available for sale                      150,000               ---
   Purchase of securities available for sale                      (38,341,117)      (35,272,222)
   Purchase of life insurance                                      (4,500,000)              ---
   Principal collected on mortgage- backed securities              16,977,070         3,118,979
   Net change in loans receivable                                  15,846,194         8,160,929
   Net purchases premises and equipment                              (132,232)         (762,892)
   Proceeds from sales of other real estate and
     repossessed assets                                               321,625           362,951
                                                                 ------------      ------------
       Net cash from investing activities                             462,825        (7,943,426)

Cash flows from financing activities :
   Net increase in deposits                                         6,911,810         8,776,282
   Proceeds from borrowings                                         3,000,000        37,990,750
   Payment on borrowings                                          (12,621,597)      (41,290,750)
   Purchase of treasury stock                                        (743,692)         (627,380)
   Proceeds from stock option exercising                                  ---            78,287
   Cash dividends paid                                               (605,324)         (569,937)
                                                                 ------------      ------------
       Net cash from financing activities                          (4,058,803)        4,357,252

Net increase (decrease) in cash and cash equivalents                  175,155          (770,739)
Cash and cash equivalents at beginning of period                    9,318,513         8,530,159
                                                                 ------------      ------------
Cash and cash equivalents at end of period                       $  9,493,668      $  7,759,420
                                                                 ============      ============
</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 March 31, 2003
and  June  30,  2002  and the  results  of its  operations,  for the  three  and
nine-months ended March 31, 2003 and 2002. Financial Statement reclassifications
have been made for the prior period to conform to classifications used as of and
for the period ended March 31, 2003.

     Operating  results for the three and  nine-months  ended March 31, 2003 are
not  necessarily  indicative  of the results that may be expected for the fiscal
year ended June 30, 2003.


(2) Earnings Per Share:

     Basic earnings per share are calculated solely on  weighted-average  common
shares  outstanding.  Diluted  earnings  per share will  reflect  the  potential
dilution of stock options and other common stock equivalents.  For the three and
nine-month   periods  ending  March  31,  2003,  the  weighted   average  shares
outstanding in calculating basic earnings per share were 1,335,825 and 1,350,774
while the weighted  average number of shares for diluted earnings per share were
1,351,750 and 1,366,625.  For the three and nine-month  periods ending March 31,
2002, the weighted average shares  outstanding in calculating basic earnings per
share were 1,375,715 and 1,388,727  while the weighted  average number of shares
for diluted earnings per share were 1,382,619 and 1,396,805.


(3) Stock Based Compensation:

     Compensation  expense under stock  options is reported  using the intrinsic
value method.  No stock-based  compensation  cost is reflected in net income, as
all options  granted had an exercise  price equal to or greater  than the market
price of the  underlying  common  stock at date of grant.  The  following  table
illustrates  the  effect on net  income and  earnings  per share if expense  was
measured using the fair value recognition  provisions of FASB Statement No. 123,
Accounting for Stock-Based Compensation.

<TABLE>
<CAPTION>


                                               Three Months Ending          Nine Months Ended
                                                    March 31,                   March 31,
                                                 2003       2002           2003           2002
                                               --------   --------      ----------     ----------

<S>                                            <C>        <C>           <C>            <C>
Net income as reported                         $584,463   $517,754      $1,776,853     $1,483,742

Less:  Stock-based compensation
 expense determined under fair value
 based method                                     7,664      9,488          22,992         27,004
                                               --------   --------      ----------     ----------

Pro forma net income                           $576,799   $508,266      $1,753,861     $1,456,738
                                               ========   ========      ==========     ==========

Basic earnings per share as reported           $    .44   $    .38      $     1.32     $     1.07
Pro forma basic earnings per share                  .43        .37            1.30           1.05

Diluted earnings per share as reported              .43        .37            1.30           1.06
Pro forma diluted earnings per share                .43        .37            1.28           1.04
</TABLE>
<PAGE>


     There were no stock options  granted during the nine months ended March 31,
2003. The weighted  average fair value of stock options  granted during the nine
months ended March 31, 2002 was $2.92.  The fair value of options granted during
the nine  months  ended March 31, 2002 were  estimated  using an option  pricing
model with the following weighted average information as of the grant dates:

                                                         2002
                                                       --------
     Risk free rate of interest                           5.31%
     Expected option life                              8 years
     Expected dividend yield                              4.34%
     Expected volatility                                 23.65%

     In future years, as additional options are granted,  the proforma effect on
net income and earnings per share may increase. Stock options are used to reward
directors  and certain  executive  officers and provide them with an  additional
equity  interest.  Options  are issued  for ten year  periods  and have  varying
vesting schedules.
<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  income and 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"), and the valuation of mortgage servicing rights.

Allowance  for  Loan  Losses:  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 and consumer 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 March 31,  2003,  mortgage  servicing
rights had a carrying value of $584,000.
<PAGE>

    COMPARISON OF THREE AND NINE-MONTH PERIODS ENDED MARCH 31, 2003 AND 2002

     Net income for the three-month and nine-month  periods ended March 31, 2003
was $584,000 and  $1,777,000  compared to net income of $518,000 and  $1,484,000
for the  equivalent  periods in 2002.  The increases of $66,000 and $293,000 for
the three  and  nine-month  periods  were  primarily  the  result  of  increased
non-interest  income  combined with a lower  effective tax rate due to increased
nontaxable  income for the periods  ended  March 31, 2003  compared to March 31,
2002.

     Diluted  earnings  per common share were $0.43 for the  three-month  period
ended March 31, 2003 compared to diluted  earnings per common share of $0.37 for
the equivalent period in 2002. For the comparable  nine-month  periods,  diluted
earnings  per  common  share  were  $1.30 in 2003 and  $1.06 in 2002.  Return on
average  shareholders' equity was 10.04% for the three months and 10.20% for the
nine-months  ended  March 31,  2003,  compared  to 9.47% and 8.89% in 2002.  The
return on total average  assets was 1.00% and 1.00% for the three and nine-month
periods ended March 31, 2003, compared to 0.91% and 0.86% in 2002.


NET INTEREST INCOME

     The net interest  income for the  three-month  period ended March 31, 2003,
was $1,652,000 compared to $1,597,000,  an increase of 3.4% over the same period
in 2002,  resulting in a net interest margin of 3.06% compared to 2.91% in 2002.
The net interest  income for the  nine-month  period  ended March 31, 2003,  was
$5,059,000  compared to $4,953,000,  an increase of 2.1% over the same period in
2002, resulting in a net interest margin of 3.03% compared to 3.00% in 2002.

     Total average  earning  assets  decreased  $1,810,000  for the  three-month
period and increased  $2,504,000 for the nine-month period ended March 31, 2003,
over the  comparative  periods  in 2002.  Total  average  investment  securities
increased $11,578,000 and $13,558,000 for the three-month and nine-month periods
over one-year ago. Total average loans decreased $18,041,000 and $14,121,000 for
the  three-month  and nine-month  periods over one-year ago. The yields on total
average  earning assets were 6.30% and 7.13% for the  three-month  periods ended
March 31, 2003, and 2002 and 6.43% and 7.38% for the nine-month periods.
<PAGE>
<TABLE>
<CAPTION>

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

                                                            FFW Corp
                                                     Three Months Ending
                                                    (Dollars in thousands)

                                                                   3/31/2003                        3/31/2002
                                                       Average                Average    Average                Average
Interest-earning assets:                               Balance     Interest     Rate     Balance     Interest    Rate
------------------------                               --------    --------   -------    --------    --------   ------

<S>                                                    <C>          <C>        <C>       <C>          <C>        <C>
Loans                                                  $129,260     $2,491     7.82%     $147,301     $2,917     8.03%
Securities                                               83,711        893     4.40%       72,133        967     5.48%
Other interest-earning assets                             7,521         21     1.13%        2,868         13     1.84%
                                                       --------     ------               --------     ------
     Total interest-earning assets                      220,492      3,405     6.30%      222,302      3,897     7.13%

     Non interest-earning assets:
Cash and due from                                         5,389                             5,245
Allowance for loan losses                                (2,546)                           (1,992)
Other non interest-earning assets                        11,000                             6,231
                                                       --------                          --------
     Total assets                                      $234,335                          $231,786
                                                       ========                          ========

Interest-bearing liabilities:
-----------------------------

Interest-bearing deposits                              $152,935      1,139     3.02%     $140,515      1,532     4.42%
FHLB advances                                            44,906        614     5.55%       57,185        768     5.45%
                                                       --------     ------               --------     ------
     Total interest-bearing liabilities                 197,841      1,753     3.59%      197,700      2,300     4.72%
                                                       --------     ------               --------     ------

Non interest-bearing deposit accounts
                                                         10,442                             9,859
Other non interest-bearing liabilities                    2,419                             2,058
                                                       --------                          --------
     Total liabilities                                  210,702                           209,617
Shareholders' equity                                     23,633                            22,169
                                                       --------                          --------
     Total liabilities and shareholders' equity        $234,335                          $231,786
                                                       ========                          ========
Net interest income                                                 $1,652                            $1,597
                                                                    ======                            ======
Net interest margin                                                            3.06%                             2.91%
                                                                               ====                              ====
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                                            FFW Corp
                                                      Nine Months Ending
                                                    (Dollars in thousands)

                                                                   3/31/2003                        3/31/2002
                                                       Average                Average    Average                Average
Interest-earning assets:                               Balance     Interest     Rate     Balance     Interest    Rate
------------------------                               --------    --------   -------    --------    --------   ------

<S>                                                    <C>          <C>        <C>       <C>          <C>        <C>
Loans                                                  $135,594     $7,871     7.73%     $149,715     $9,219     8.20%
Securities                                               81,477      2,798     4.63%       67,919      2,906     5.77%
Other interest-earning assets                             6,207         61     1.31%        3,140         58     2.46%
                                                       --------     ------               --------     ------
     Total interest-earning assets                      223,278     10,730     6.43%      220,774     12,183     7.38%

     Non interest-earning assets:
Cash and due from                                         5,287                             5,145
Allowance for loan losses                                (2,444)                           (1,794)
Other non interest-earning assets                         9,708                             5,985
                                                       --------                          --------
     Total assets                                      $235,829                          $230,110
                                                       ========                          ========

Interest-bearing liabilities:
-----------------------------

Interest-bearing deposits                              $151,941      3,673     3.22%     $137,501      4,826     4.68%
FHLB advances                                            47,934      1,998     5.55%       58,357      2,404     5.49%
                                                       --------     ------               --------     ------
     Total interest-bearing liabilities                 199,875      5,671     3.78%      195,858      7,230     4.92%
                                                       --------     ------               --------     ------

Non interest-bearing deposit accounts                    10,140                             9,681
Other non interest-bearing liabilities                    2,601                             2,340
                                                       --------                          --------
     Total liabilities                                  212,616                           207,879

Shareholders' equity                                     23,213                            22,231
                                                       --------                          --------
     Total liabilities and shareholders' equity        $235,829                          $230,110
                                                       ========                          ========

Net interest income                                                 $5,059                            $4,953
                                                                    ======                            ======
Net interest margin                                                            3.03%                             3.00%
                                                                               ====                              ====
</TABLE>

PROVISION FOR LOAN LOSSES

     The provision for loan losses was $460,000 and $1,090,000 for the three and
nine-month  periods  ended March 31, 2003 and $305,000 and $980,000 for the same
periods in 2002.  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 $462,000
and $845,000 have been recorded for the three and nine-month periods ended March
31,  2003,  compared to $176,000 and  $723,000 of net  charge-offs  for the same
period in 2002. For the three and nine-month periods ended March 31, 2003, gross
charge-offs were $506,000 and $1,120,000. The ALL was $2,606,000 or 2.09% of net
loans as of March  31,  2003  compared  to  $2,609,000  or 1.99% of net loans at
December  31,  2002  and  $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  $2,714,000  at March 31, 2003  compared to
$2,883,000 at December 31, 2002 and  $1,943,000 at June 30, 2002. Two commercial
loan relationships  totaling $2,056,000 accounted for over 75% of non-performing
loans  for the  quarter  ended  March  31,  2003.  Based on an  analysis  of the
collateral  on these loans,  management  believes  that the  reserves  currently
allocated  in the ALL on these  loans  are  adequate  to  absorb  the  currently
estimated potential losses on these loans.

     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 economic
outlook  and the  resulting  impact  on real  estate  and  other  values  in the
Company's  primary  market  area,  regulatory  issues and  historical  loan loss
experience.  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,  the Bank, 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 March 31, 2003.


NON-INTEREST INCOME

     Non-interest  income for the three-month and nine-month periods ended March
31, 2003 was $687,000 and $1,818,000 compared to $625,000 and $1,463,000 for the
same periods in 2002. The nine-month  increase of $355,000 from the prior period
is composed of $257,000 in other  non-interest  income and $170,000 from gain on
sale of loans compared to the period ended March 31, 2002. In other non-interest
income,  commission  income  fell by  $92,000  due to  lower  annuity  and  life
insurance  sales while other  income,  fees and charges grew  $349,000  over the
comparable nine-month period. Other income benefited from a $151,000 increase in
the cash  surrender  value of bank owned life  insurance that was not present in
the nine-month period ended March 31, 2002.


NON-INTEREST EXPENSE

     Non-interest  expense for the three-month  period ended March 31, 2003, was
$1,203,000,  a decrease of $36,000, or 2.9%, compared to the same period in 2002
and was $3,568,000  for the nine-month  period ended March 31, 2003, an increase
of  $143,000,  or  4.2%.  For  the  nine-month  period  ended  March  31,  2003,
compensation  and employee  benefits  increased  8.1%,  occupancy  and equipment
expense  increased  4.1%,  data  processing  expense  increased  8.9% and  other
non-interest  expense  decreased  2.5%  over the same  period  in 2002.  For the
three-month  period ended March 31,  2003,  compensation  and employee  benefits
increased 4.3%,  occupancy and equipment expense increased 1.0%, data processing
expense increased 17.4% and other non-interest  expense decreased 17.2% over the
same period in 2002. Other  non-interest  expense  decreased from the prior year
due primarily to a one-time  adjustment  related to serviced  loans  incurred in
2002.


INCOME TAXES

     The provisions for income taxes for the three-month and nine-month  periods
ended March 31,  2003,  were  $92,000  and  $442,000  compared  to $161,000  and
$527,000 for the same periods in 2002.  The  provision  for income taxes dropped
despite  higher income before taxes for the nine months ended March 31, 2003 due
to a lower  effective  tax rate stemming from  increased  nontaxable  securities
income and nontaxable  income from the cash  surrender  value of bank owned life
insurance  purchased in September  2002.  The provision for income taxes for the
nine  months  ended  March 31,  2003,  is at a rate  which  management  believes
approximates the effective rate for the year ending June 30, 2003.


REGULATORY CAPITAL REQUIREMENTS

     The Bank is required to maintain  specific  amounts of  regulatory  capital
pursuant to  regulations  of the OTS. At March 31, 2003,  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 March 31, 2003
<S>                                   <C>           <C>            <C>           <C>              <C>       <C>
  Total Risk-Based Capital            $21,155       14.90%         $11,358       8.00%            $14,197   10.00%

  Tier I (Core) Capital                19,370       13.64%           5,679       4.00%              8,518    6.00%
    (to risk weighted assets)
  Tier I (Core) Capital                19,370        8.33%           9,298       4.00%             11,623    5.00%
    (to adjusted total assets)
</TABLE>
<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.


                           Part II - Other Information

     As  of  March  31,   2003,   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
           --------------------------------

           (a)  Exhibits  -  Certifications pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002.
           (b)  Reports on Form 8-K
                  1)  April 23, 2003 - Third Fiscal Quarter Earnings Release
<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 9, 2003                            /S/ Roger  K.  Cromer
    ----------------                         -----------------------------------
                                             Roger K. Cromer
                                             President and Chief
                                             Executive Officer




Date: May 9, 2003                            /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: May 9, 2003                    /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: May 9, 2003                  /s/ Timothy A. Sheppard
                                    --------------------------------------------
                                    Treasurer/Chief Financial Accounting Officer