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, 2001
                                       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)

                                 (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 11, 2002, there were 1,375,822 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 December 31, 2001            3
                  and June 30, 2001

                  Consolidated Statements of Income and                    4
                  Comprehensive Income for the three and six
                  months ended December 31, 2001 and 2000.

                  Consolidated Statements of Cash Flows for the six        5
                  months ended December 31, 2001 and 2000.

                  Notes to Consolidated Financial Statements               6


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



PART II.    OTHER INFORMATION


               Items 1-6                                                  12

               Signature Page                                             13


                                       2


<PAGE>

<TABLE>
<CAPTION>

                          PART I: FINANCIAL INFORMATION
                                 FFW CORPORATION
                           CONSOLIDATED BALANCE SHEETS


                                                                                               (Unaudited)
ASSETS:                                                                                        December 31            June 30
                                                                                                   2001                 2001
                                                                                                   ----                 ----
<S>                                                                                           <C>                  <C>
         Cash and due from financial institutions .......................................     $   5,989,309        $   6,372,538
         Interest-earning deposits in financial institutions - short term ...............           920,247            2,157,621
                                                                                              -------------        -------------
                  Cash and cash equivalents .............................................         6,909,556            8,530,159
         Securities available for sale ..................................................        65,482,844           60,973,088
         Loans receivable, net of allowance for loan losses of $1,900,933 at December 31,
                  2001 and $1,773,194 at June 30, 2001 ..................................       147,077,116          152,195,442
         Federal Home Loan Bank stock, at cost ..........................................         3,400,900            3,400,900
         Accrued interest receivable ....................................................         1,351,036            1,479,567
         Premises and equipment-net .....................................................         2,749,523            2,099,125
         Investment in limited partnership ..............................................           448,048              480,548
         Other assets ...................................................................         1,870,519            2,027,633
                                                                                              -------------        -------------
                           Total assets .................................................     $ 229,289,542        $ 231,186,462
                                                                                              =============        =============

LIABILITIES AND SHAREHOLDERS' EQUITY:

Liabilities:
         Non-interest-bearing demand deposits ...........................................     $  10,133,354        $   9,161,009
         Savings, NOW and MMDA deposits .................................................        52,372,588           48,126,243
         Other time deposits ............................................................        86,889,596           87,342,800
                                                                                              -------------        -------------
                  Total deposits ........................................................       149,395,538          144,630,052

         Federal Home Loan Bank advances ................................................        55,896,906           62,396,906
         Accrued interest payable .......................................................           165,611              196,840
         Accrued expenses and other liabilities .........................................         1,647,523            1,969,604
                                                                                              -------------        -------------
                  Total liabilities .....................................................       207,105,578          209,193,402

Shareholders' equity:

         Preferred stock, $.01 par value, 500,000 shares authorized none issued .........                --                   --
         Common stock, $.01 par value, 2,000,000 shares authorized, 1,829,828 shares
              Issued and 1,379,908 shares outstanding at December 31, 2001; 1,829,828
              Shares issued and 1,412,478 shares outstanding at June 30, 2001 ...........            18,298               18,298
         Additional paid-in capital .....................................................         9,325,552            9,336,605
         Retained earnings - substantially restricted ...................................        17,013,298           16,423,161
         Accumulated other comprehensive income .........................................           358,029              330,776
         Unearned management retention plan shares ......................................           (40,568)             (52,242)
         Treasury stock at cost, 449,920 shares on December 31, 2001 and
                  417,350 shares on June 30, 2001 .......................................        (4,490,645)          (4,063,538)
                                                                                              -------------        -------------
                         Total shareholders' equity .....................................        22,183,964           21,993,060

                           Total liabilities and shareholders' equity ...................     $ 229,289,542        $ 231,186,462
                                                                                              =============        =============

</TABLE>


                                      3


<PAGE>


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

                                                                        Three  Months Ended                 Six Months Ended
                                                                            December 31                        December 31
                                                                        2001             2000              2001             2000
                                                                        ----             ----              ----             ----
Interest income :

<S>                                                                 <C>              <C>               <C>              <C>
         Loans receivable
                  Mortgage loans .............................      $ 1,481,273      $ 1,526,295       $ 2,966,908      $ 3,033,707
                  Consumer and other loans ...................        1,633,441        1,859,357         3,335,497        3,728,802
         Securities
                  Taxable ....................................          810,502          830,053         1,660,739        1,679,364
                  Nontaxable .................................          148,073          119,485           278,553          232,262
         Other interest-earning assets .......................           15,020           54,375            44,653           83,690
                                                                    -----------      -----------       -----------      -----------
                  Total interest income ......................        4,088,309        4,389,565         8,286,350        8,757,825


Interest expense :

         Deposits ............................................        1,571,327        1,759,364         3,294,405        3,411,227
         Other ...............................................          793,512          962,459         1,635,563        1,946,994
                                                                    -----------      -----------       -----------      -----------
                  Total interest expense .....................        2,364,839        2,721,823         4,929,968        5,358,221
                                                                    -----------      -----------       -----------      -----------

Net interest income ..........................................        1,723,470        1,667,742         3,356,382        3,399,604

         Provision for loan losses ...........................          450,000          210,000           675,000        1,245,000
                                                                    -----------      -----------       -----------      -----------

Net interest income after provision for loan losses ..........        1,273,470        1,457,742         2,681,382        2,154,604

Non-interest income :

         Net gain (loss) on sale of securities ...............               --          (15,951)            5,000          (15,951)
         Net gain on sale of loans ...........................          101,671           13,178           150,695           21,188
         Other ...............................................          339,206          298,045           681,858          585,128
                                                                    -----------      -----------       -----------      -----------
                  Total non-interest income ..................          440,877          295,272           837,553          590,365

Non-interest expense :

         Compensation and benefits ...........................          527,847          489,370         1,054,137        1,010,271
         Occupancy and equipment .............................           98,060          105,099           190,863          201,626
         Data processing expense .............................          113,874          116,247           230,741          231,475
         Other ...............................................          364,334          344,473           710,489          685,339
                                                                    -----------      -----------       -----------      -----------
                  Total non-interest expense .................        1,104,115        1,055,189         2,186,230        2,128,711
                                                                    -----------      -----------       -----------      -----------

Income before income taxes ...................................          610,232          697,825         1,332,705          616,258

         Income tax expense ..................................          170,354          171,018           366,717          124,045
                                                                    -----------      -----------       -----------      -----------

Net income ...................................................      $   439,878      $   526,807       $   965,988      $   492,213
                                                                    ===========      ===========       ===========      ===========

Comprehensive income .........................................      $   260,742      $ 1,344,024       $   993,241      $ 1,669,928
                                                                    ===========      ===========       ===========      ===========


Earnings per common share :

         Basic ...............................................      $       .32      $       .37       $       .69      $       .35
         Diluted..............................................      $       .32      $       .36       $       .69      $       .34


</TABLE>


                                       4


<PAGE>


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

                                                                                       Six Months Ended
                                                                                          December 31
                                                                                    2001               2000
                                                                                    ----               ----
<S>                                                                             <C>                <C>
Cash flows from operating activities :
         Net income ........................................................    $   965,988        $   492,213
         Adjustments to reconcile net income to net cash from
              Operating activities :
             Depreciation and amortization, net of accretion ...............         60,216            (26,766)
             Provision for loan losses .....................................        675,000          1,245,000
             Net (gains) losses on sale of :
                  Securities available for sale ............................         (5,000)            15,951
                  Loans held for sale ......................................       (150,695)           (21,188)
                  Foreclosed estate owned and repossessed assets ...........         13,700                 --
             Origination of loans held for sale ............................    (16,398,475)        (1,998,750)
             Proceeds from sale of loans held for sale .....................     16,549,170          2,019,938
             Net change in accrued interest receivable and other assets ....        110,804           (103,244)
             Amortization of goodwill and core deposit intangibles .........         78,174             79,065
             Net change in accrued interest payable, accrued
                  expenses and other liabilities ...........................       (341,636)          (501,542)
                                                                                -----------        -----------
                           Total adjustments ...............................        591,258            708,464
                                                                                -----------        -----------
                  Net cash from operating activities .......................      1,557,246          1,200,677

Cash flows from investing activities :
             Proceeds from :
                  Sales/calls of securities available for sale .............      9,386,600          4,283,594
                  Maturities of securities available for sale ..............             --            405,000
             Purchase of securities available for sale .....................    (16,002,501)        (1,888,428)
             Principal collected on mortgage- backed securities.............      2,188,418            204,212
             Net change in loans receivable ................................      4,279,303         (1,980,809)
             Net purchases premises and equipment ..........................       (742,767)          (156,863)
             Investment in limited partnership .............................             --            (75,000)
             Proceeds from sales of other real estate
                   and repossessed assets ..................................        261,623            202,369
                                                                                -----------        -----------
             Net cash from investing activities ............................       (629,324)           994,075

Cash flows from financing activities :
            Net increase in deposits .......................................      4,765,486          6,087,046
            Proceeds from borrowings .......................................     26,790,750         35,560,400
            Payment on borrowings ..........................................    (33,290,750)       (40,060,400)
            Purchase of treasury stock .....................................       (449,280)                --
            Proceeds from exercising of stock options ......................         11,120              5,000
            Cash dividends paid ............................................       (375,851)          (373,337)
                                                                                -----------        -----------
                  Net cash from financing activities                             (2,548,525)         1,218,709

Net increase (decrease) in cash and cash equivalents                             (1,620,603)         3,413,461
Cash and cash equivalents at beginning of period ...........................      8,530,159          5,254,418
                                                                                -----------        -----------
Cash and cash equivalents at end of period .................................    $ 6,909,556        $ 8,667,879
                                                                                ===========        ===========

</TABLE>


                                       5


<PAGE>


                                 FFW CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


(1)  Basis of Presentation

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

     In the opinion of management, the Consolidated Financial Statements contain
all adjustments  (consisting only of normal recurring  adjustments) necessary to
represent  fairly the financial  condition of FFW Corporation as of December 31,
2001 and June 30, 2001 and the results of its operations,  for the three and six
months ended December 31, 2001 and 2000.  Financial Statement  reclassifications
have been made for the prior period to conform to classifications used as of and
for the period ended December 31, 2001.

     Operating  results for the three and six months ended December 31, 2001 are
not  necessarily  indicative  of the results that may be expected for the fiscal
year ended June 30, 2002.


                                       6


<PAGE>


                                     PART II
                                 FFW CORPORATION

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

GENERAL

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


FORWARD-LOOKING STATEMENTS

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

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


COMPARISON OF THREE-MONTH AND SIX-MONTH PERIODS ENDED DECEMBER 31, 2001 AND 2000

     Net income for the  three-month  and six-month  periods ended  December 31,
2001 was $440,000  and $966,000  compared to net income of $527,000 and $492,000
for the equivalent periods in 2000. The substantial increase of $474,000 for the
six-month  period  was  primarily  the  result of an  $570,000  decrease  in the
provision for loan loss coupled with a $247,000  increase in total  non-interest
income for the period ended December 31, 2001 compared to December 31, 2000. The
decrease of $87,000  for the three  month  period  ended  December  31, 2001 was
primarily  the result of an  increase in the  provision  for loan loss offset in
part by an increase in non-interest income and net interest income.

     Diluted net income per common  share was $0.32 for the  three-month  period
ended December 31, 2001 compared to diluted net income per common share of $0.36
for the equivalent period in 2000. For the comparable six-month periods, diluted
net  income  per  common  share was  $0.69 in 2001 and $0.34 in 2000.  Return on
average  shareholders'  equity was 7.78% for the three  months and 8.61% for the
six-months  ended  December 31, 2001,  compared to 10.56% and 4.91% in 2000. The
return on total  average  assets was 0.76% and 0.84% for the three and six-month
periods  ended  December  31,  2001,  compared  to 0.94% and 0.44% in 2000.


                                       7


<PAGE>


NET INTEREST INCOME

     The net interest income for the three-month period ended December 31, 2001,
was $1,723,000 compared to $1,668,000,  an increase of 3.3% over the same period
in 2000,  resulting in a net yield of 3.12%  compared to 3.11% in 2000.  The net
interest income for the six-month period ended December 31, 2001, was $3,356,000
compared  to  $3,400,000,  a  decrease  of 1.3%  over the same  period  in 2000,
resulting in a net yield of 3.03% compared to 3.18% in 2000.

     Total  average   earning  assets   increased   $6,394,000  and  $8,024,000,
respectively, for the three-month and six-month periods ended December 31, 2001,
over the  comparative  periods  in 2000.  Total  average  investment  securities
increased $11,114, 000 and $10,830,000 for the three-month and six-month periods
over one-year ago. Total average loans  decreased  $4,652,000 and $3,458,000 for
the  three-month  and  six-month  periods over one-year ago. The yields on total
average  earning assets were 7.43% and 8.10% for the  three-month  periods ended
December 31, 2001, and 2000 and 7.50% and 8.11% for the six-month periods.

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

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

                                                               12/31/2001                                  12/31/2000
                                                     Average                        Average      Average                     Average
Interest-earning assets:                             Balance         Interest         Rate       Balance       Interest       Rate
------------------------                            ---------        ---------      -------   -----------      ---------     -------
<S>                                                 <C>              <C>              <C>     <C>              <C>            <C>
Loans                                               $ 150,198        $   3,115        8.23%   $   154,850      $   3,386      8.68%
Securities                                             65,948              958        5.86%        54,834            950      6.65%
Other interest-earning assets                           3,287               15        1.81%         3,355             53      6.27%
                                                    ---------        ---------        ----    -----------      ---------      ----
     Total interest-earning assets                    219,433            4,088        7.43%       213,039          4,389      8.10%

     Non interest-earning assets
Cash and due from                                       5,372                                       4,476
Allowance for loan losses                              (1,640)                                     (2,584)
Other non interest-earning assets                       5,828                                       6,504
                                                    ---------                                 -----------
     Total assets                                   $ 228,993                                   $ 221,435
                                                    =========                                   =========


Interest-bearing liabilities:

Interest-bearing deposits                           $ 136,251            1,571        4.57%   $   128,281          1,759      5.44%
FHLB advances                                          57,814              794        5.45%        61,740            962      6.18%
                                                    ---------        ---------        ----    -----------      ---------      ----
     Total interest-bearing liabilities               194,065            2,365        4.83%       190,021          2,721      5.68%
                                                    ---------        ---------        ----    -----------      ---------      ----

Non interest-bearing deposit accounts                   9,649                                       8,657
 Other non interest-bearing liabilities                 2,846                                       2,703
                                                    ---------                                 -----------
     Total liabilities                                206,560                                     201,381
Shareholders' equity                                   22,433                                      20,054
                                                    ---------                                 -----------
     Total liabilities and shareholders equity      $ 228,993                                   $ 221,435
                                                    =========                                   =========
Net interest income                                                  $   1,723                                 $   1,668
                                                                     =========                                 =========
Net interest margin                                                                   3.12%                                   3.11%
                                                                                      ====                                    ====


</TABLE>


                                       8


<PAGE>


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

                                                                 12/31/2001                                12/31/2000
                                                    Average                      Average      Average                       Average
Interest-earning assets:                            Balance       Interest        Rate        Balance       Interest         Rate
------------------------                           ---------     ---------       -------    ----------      ---------        -------

<S>                                                <C>           <C>              <C>       <C>            <C>                <C>
 Loans                                             $ 150,922     $   6,302        8.28%     $ 154,380      $   6,763          8.69%
 Securities                                           65,812         1,939        5.92%        54,982          1,912          6.64%
 Other interest-earning assets                         3,276            45        2.72%         2,624             83          6.27%
                                                   ---------     ---------       -----      ---------      ---------         ------
     Total interest-earning assets                   220,010         8,286        7.50%       211,986          8,758          8.11%


     Non interest-earning assets
Cash and due from                                      5,095                                    4,443
Allowance for loan losses                             (1,695)                                  (2,287)
Other non interest-earning assets                      5,862                                    6,746
                                                   ---------                                ---------
     Total assets                                  $ 229,272                                $ 220,888
                                                   =========                                =========


Interest-bearing liabilities:
-----------------------------
Interest-bearing deposits                          $ 135,994         3,294        4.80%     $ 126,718          3,411          5.34%
FHLB advances
                                                      58,943         1,636        5.51%        62,849          1,947          6.15%
                                                   ---------         -----        ----        -------          -----          ----
     Total interest-bearing liabilities              194,937         4,930        5.02%       189,567          5,358          5.61%
                                                   ---------         -----        ----        -------          -----          ----

Non interest-bearing deposit accounts                  9,592                                    8,935
Other non interest-bearing liabilities                 2,481                                    2,515
                                                   ---------                                ----------
     Total liabilities                               207,010                                  201,017
Shareholders' equity                                  22,262                                   19,871
                                                   ---------                                ---------
     Total liabilities and shareholders equity     $ 229,272                                $ 220,888
                                                   =========                                =========
Net interest income                                              $   3,356                                 $   3,400
                                                                 =========                                 =========
Net interest margin                                                               3.03%                                       3.18%
                                                                                  ====                                        ====

</TABLE>

PROVISION FOR LOAN LOSSES

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

     The provision for loan losses was $450,000 and $675,000 for the three-month
and six-month  periods ended  December 31, 2001 and $210,000 and  $1,245,000 for
the same periods in 2000. A substantial difference


                                       9


<PAGE>


between the six-month periods is due to an additional  $900,000  provision taken
in the period  ending  September  30,  2000 on loans to a single  borrower.  Net
charge-offs  of $126,000  have been  recorded for the  three-month  period ended
December 31, 2001, compared to $1,229,000 of net charge-offs for the same period
in 2000. Net charge-offs of $547,000 have been recorded for the six-month period
ended December 31, 2001,  compared to $1,328,000 of net charge-offs for the same
period in 2000.

     Changes in the  provision for loan losses are  attributed  to  management's
analysis  of  the  adequacy  of  the   allowance  for  loan  losses  to  address
recognizable and currently estimated losses. The provision for the quarter ended
December 31, 2001, $450,000, was double the provision taken in the quarter ended
September  30, 2001,  $225,000.  This  increase in the  provision  was due to an
increase  in  the  amount  of  classified   loans  in  the  Company's   internal
classification  list and in response to the level of charge-offs  experienced in
the quarter.  The allowance for loan losses was $1,901,000 or 1.29% of net loans
as of  December  31,  2001,  compared  to  $1,577,000  or 1.04% of net  loans at
September 30, 2001 and  $1,773,000 or 1.17% of net loans at June 30, 2001. It is
management's  opinion that the  allowance  for loan losses is adequate to absorb
existing losses in the loan portfolio as of December 31, 2001.


NON-INTEREST INCOME

     Non-interest  income  for  the  three-month  and  six-month  periods  ended
December 31, 2001 was  $441,000  and $838,000  compared to $295,000 and $590,000
for the periods in 2000.  The  six-month  increase  of  $248,000  from the prior
period is  composed  primarily  of  increased  gain on sale of  loans,  $130,000
higher, and increased commission income from FirstFed Financial, $85,000 higher,
compared to the period  ending  December  31, 2000.  Gain on sale of  securities
accounted for only $21,000 of the increase.


NON-INTEREST EXPENSE

     Non-interest  expense for the  three-month  period ended December 31, 2001,
was $1,104,000,  an increase of $49,000, or 4.6%, compared to the same period in
2000 and was  $2,186,000  for the six-month  period ended  December 31, 2001, an
increase of $57,000,  or 2.7%. For the six-month period ended December 31, 2001,
compensation  and employee  benefits  increased  4.3%,  occupancy  and equipment
expense  decreased  5.3%,  data  processing  expense  decreased  0.3% and  other
non-interest expense increased 3.7% over the same period in 2000.


INCOME TAXES

     The provision for income taxes for the  three-month  and six-month  periods
ended  December 31, 2001, was $170,000 and $367,000,  respectively,  compared to
$171,000 and $124,000 in 2000. The provision for income taxes for the six months
ended December 31, 2001, is at a rate which management believes approximates the
effective rate for the year ending June 30, 2002.


                                       10


<PAGE>


REGULATORY CAPITAL REQUIREMENTS

     The Bank is required to maintain  specific  amounts of  regulatory  capital
pursuant to  regulations of the OTS. At December 31, 2001, the Bank exceeded all
regulatory capital standards as is shown in the following table.

<TABLE>
<CAPTION>
                                                                                                 Minimum
                                                                                               To Be Well
                                                                     Minimum                Capitalized Under
                                                                   For Capital              Prompt Corrective
                                             Actual              Adequacy Purposes          Action Provisions
                                             ------              -----------------          -----------------
                                       Amount       Ratio       Amount        Ratio       Amount         Ratio
                                       ------       -----       ------        -----       ------         -----

<S>                                   <C>          <C>   <C>                  <C>         <C>            <C>
As of December 31, 2001
Total Risk-based Capital              $19,785      12.08%$      13,100        8.00%       $16,375        10.00%
       (to risk weighted assets)
Tier I (Core) Capital                  17,935      10.95%        6,550        4.00%         9,825         6.00%
       (to risk weighted assets)
Tier I (Core) Capital                  17,935       7.94%        9,040        4.00%        11,300         5.00%
       (to adjusted total assets)

</TABLE>


                                       11


<PAGE>


Part II - Other Information
---------------------------
     As  of  December  31,  2001,   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


                                       12


<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 12, 2001             /S/ Roger  K.  Cromer
        -----------------             ------------------------------------------
                                          Roger K. Cromer
                                          President and Chief Executive Officer




Date:   February 12, 2001             /S/ Timothy A.  Sheppard
        -----------------                 --------------------------------------
                                          Timothy A. Sheppard
                                          Treasurer and Chief Accounting Officer