SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

   
                                   FORM 10-QSB
                                AMENDMENT NO. 1
    

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

                  For the quarterly period ended December 31, 1997
                                       OR

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

               For the transition period from ________ to ________

                         Commission File Number 0-21170

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

           Delaware                                    35-1875502
(State or other jurisdiction of                     (I.R.S. Employer
incorporation or organization)                  Identification 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 [   ]    No   [ X ]

           Transitional Small Business Disclosure Format (check one):

                                 Yes [   ]    No   [ X ]

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

              As of  February  13,  1998  there  were  1,449,532  shares  of the
Registrant's common stock issued and outstanding.
<PAGE>
<TABLE>
<CAPTION>
                                                           FFW CORPORATION
                                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                             (Unaudited)

                                                                        Three Months Ended                 Six Months Ended
                                                                            December 31                       December 31
                                                                 ------------------------------      ------------------------------
                                                                      1997              1996              1997              1996
                                                                 ------------      ------------      ------------      ------------
<S>                                                              <C>               <C>               <C>               <C>
Cash flows from operating activities:

   Net Income ..............................................     $    478,626      $    426,617      $    948,604      $    506,022
   Adjustments  to  reconcile  net  income  to  net  cash
       from  operating activities:
       Depreciation and amortization, net of accretion .....          (22,552)           14,360           (38,719)           58,809
       Provision for loan losses ...........................           65,000            15,000           265,000            35,000
       Net (gains) losses on sale of :
            Securities available for sale ..................             --                 514              --                 514
            Loans held for sale ............................          (35,463)          (20,461)          (57,372)          (34,140)
            Foreclosed estate owned and repossessed assets .            5,586            10,661             4,187             2,388
       Origination of loans held for sale ..................       (1,770,558)       (1,238,451)       (3,710,838)       (2,140,689)
       Proceeds from sale of loans held for sale ...........        1,806,021         1,536,412         3,768,210         2,445,768
       ESOP expenses .......................................           36,000            66,573            49,000            90,573
       Amortization of MRP contribution ....................             --               6,540              --              13,079
       Net change in accrued interest receivable ...........         (196,288)           22,895          (386,607)          (29,421)
       Amortization of goodwill and core deposit intangibles           41,119              --              82,237              --
       Net change in other assets ..........................         (179,330)         (451,802)         (392,699)         (676,983)
   
       Net change in accrued interest payable, accrued
            expenses and other liabilities .................        1,607,480          (714,741)         2,419,052          178,613
                                                                 ------------      ------------      ------------      ------------
    

                     Total adjustments .....................     $  1,357,015      $   (752,500)     $  2,001,451      $    (56,489)
                                                                 ------------      ------------      ------------      ------------

            Net cash from operating activities .............     $  1,835,641      $   (325,883)     $  2,950,055      $    449,533
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                                           FFW CORPORATION
                                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                             (Unaudited)
                                                             (continued)

                                                                        Three Months Ended                 Six Months Ended
                                                                            December 31                       December 31
                                                                 ------------------------------      ------------------------------
                                                                      1997              1996              1997              1996
                                                                 ------------      ------------      ------------      ------------
<S>                                                              <C>               <C>               <C>               <C>
Cash flows from investing activities:

       Net change in interest-bearing deposits in other
            financial institutions .........................             --              24,729              --             362,664
       Proceeds from :
            sales/calls of securities available for sale ...        3,000,000            75,000         8,000,000            75,000
            sales/calls of securities held-to-maturity .....             --                --                --                --
            maturities of securities available for sale ....          255,000            50,000           300,000           380,000
            maturities of securities held-to-maturity ......             --                --                --                --
       Purchase of :
            securities available for sale ..................          (50,347)          (50,104)      (15,106,469)         (596,589)
            Federal Home Loan Bank Stock ...................         (309,600)             --            (309,600)             --
       Principal collected on mortgage- backed securities ..          173,547           168,094           327,627           327,136
       Net change in loans receivable ......................       (8,523,480)       (4,249,764)      (14,328,678)       (6,766,074)
       Net purchases premises and equipment ................         (151,187)          (10,310)         (159,583)          (61,165)
       Investment in limited partnership ...................             --            (187,500)             --
       Proceeds from sales of other real estate and
            repossessed assets .............................           36,190            78,606           155,140           196,340
                                                                 ------------      ------------      ------------      ------------

                     Net cash from investing  activities ...     $ (5,569,877)     $ (3,913,749)     $(21,309,063)     $ (6,082,688)


</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                           FFW CORPORATION
                                                CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                             (Continued)


                                                                        Three Months Ended                    Six Months Ended
                                                                            December 31                        December 31
                                                                 ------------------------------      ------------------------------
                                                                      1997              1996              1997              1996
                                                                 ------------      ------------      ------------      ------------
<S>                                                              <C>               <C>               <C>               <C> 
Cash flows from financing activities :

            Net (decrease) increase in deposits ............        1,165,629        (1,779,066)          (12,786)        5,395,816
            Proceeds from short-term borrowings ............       32,975,956         9,500,000        43,475,956         9,500,000
            Payment on short-term borrowings ...............      (27,100,000)       (4,000,000)      (35,600,000)       (8,000,000)
            Purchase of Treasury Stock .....................             --                --                --            (176,625)
            Proceeds from exercising of stock options ......           66,940              --             103,070              --
            Cash dividends paid ............................         (129,877)         (105,309)         (258,549)         (210,618)
                                                                 ------------      ------------      ------------      ------------

                  Net cash from financing activities .......     $  6,978,648      $  3,615,625      $  7,707,691      $  6,508,573
                                                                                                                         

Net increase (decrease) in cash and cash equivalents .......     $  3,244,412      $   (624,007)     $(10,651,317)     $    875,418
Cash and cash equivalents at beginning of period ...........     $  3,224,885      $  4,287,632      $ 17,120,614      $  2,788,207
                                                                                                                         
Cash and cash equivalents at end of period .................     $  6,469,297      $  3,663,625      $  6,469,297      $  3,663,625
                                                                 ============      ============      ============      ============

Supplemental disclosure of cash flow information :

            Cash paid during quarter for:
                  Interest .................................     $  2,579,747      $  2,194,134      $  4,165,071      $  3,542,163
                  Income Taxes .............................     $    340,000      $    315,000      $    390,000      $    376,000

            Non-cash investing activities transfers from:
</TABLE>
<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 19, 1998                   By:   /S/Nicholas M. George
                                                   ----------------------
                                                   Nicholas M. George
                                                   President and Chief
                                                   Executive Officer




Date:   February  19, 1998                   By:  /S/Charles E. Redman
                                                  --------------------
                                                  Charles E. Redman
                                                  Treasurer and Chief Financial
                                                  Accounting Officer