UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                    FORM 10-Q

(Mark One)

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

For the quarterly period ended                 March 31, 2007
                                ------------------------------------------------

                                       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 No. 0-50529

                             CHEVIOT FINANCIAL CORP.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

     Federal                                                56-2423720
----------------------------------                   ----------------------
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                         Identification Number)

                  3723 Glenmore Avenue, Cincinnati, Ohio 45211
--------------------------------------------------------------------------------
                     (Address of principal executive office)

Registrant's telephone number, including area code: (513) 661-0457

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by  Sections  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  [   ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer, or a  non-accelerated  filer. See definition of "accelerated
filer and large  accelerated  filer" in Rule 12b-2 of the Exchange  Act.  (Check
one.)

Large accelerated filer [ ]   Accelerated filer [ ]  Non-accelerated filer [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

Yes [   ]         No  [X]


As of May 8, 2007, the latest practicable date, 9,269,826 shares of the
registrant's common stock, $.01 par value, were issued and outstanding.

                                  Page 1 of 20

<PAGE>

                                INDEX

                                                                            Page

PART I  -      FINANCIAL INFORMATION

               Consolidated Statements of Financial Condition              3

               Consolidated Statements of Earnings                         4

               Consolidated Statements of Comprehensive Income             5

               Consolidated Statements of Cash Flows                       6

               Notes to Consolidated Financial Statements                  8

               Management's Discussion and Analysis of
               Financial Condition and Results of
               Operations                                                 15

               Quantitative and Qualitative Disclosures about
               Market Risk                                                18

               Controls and Procedures                                    18

PART II  -      OTHER INFORMATION                                         19

SIGNATURES                                                                20

                                       2

<PAGE>


                             Cheviot Financial Corp.

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)
<TABLE>
<CAPTION>

                                                                                          March 31,        December 31,
         ASSETS                                                                             2007                2006
                                                                                        (Unaudited)

<S>                                                                                        <C>               <C>
Cash and due from banks                                                                    $  2,900          $    2,736
Federal funds sold                                                                            4,601               2,640
Interest-earning deposits in other financial institutions                                     1,467                 114
                                                                                          ---------          ----------
         Cash and cash equivalents                                                            8,968               5,490

Investment securities available for sale - at fair value                                     11,076               9,085
Investment securities held to maturity - at cost, approximate
  market value of $22,860 and $24,739 at March 31, 2007
  and December 31, 2006, respectively                                                        23,099              25,099
Mortgage-backed securities available for sale - at fair value                                   962               1,042
Mortgage-backed securities held to maturity - at cost, approximate
  market value of $13,052 and $14,251 at March 31, 2007 and
  December 31, 2006, respectively                                                            12,970              14,237
Loans receivable - net                                                                      243,179             241,013
Loans held for sale - at lower of cost or market                                                371                 165
Real estate acquired through foreclosure - net                                                  359                  -
Office premises and equipment - at depreciated cost                                           5,328               5,397
Federal Home Loan Bank stock - at cost                                                        3,238               3,238
Accrued interest receivable on loans                                                          1,065               1,073
Accrued interest receivable on mortgage-backed securities                                        61                  65
Accrued interest receivable on investments and interest-earning deposits                        305                 439
Prepaid expenses and other assets                                                               441                 183
Bank-owned life insurance                                                                     3,286               3,254
                                                                                          ---------           ---------

         Total assets                                                                      $314,708            $309,780
                                                                                          =========           =========

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                                   $212,503            $205,450
Advances from the Federal Home Loan Bank                                                     28,054              29,236
Advances by borrowers for taxes and insurance                                                   830               1,203
Accrued interest payable                                                                        114                 115
Accounts payable and other liabilities                                                          946               1,039
Accrued federal income taxes                                                                    175                  49
Deferred federal income taxes                                                                   457                 488
                                                                                         ----------          ----------
         Total liabilities                                                                  243,079             237,580

Shareholders' equity
  Preferred stock - authorized 5,000,000 shares, $.01 par value; none issued
  Common stock - authorized 30,000,000 shares, $.01 par value;
    9,918,751 shares issued at March 31, 2007 and December 31, 2006                              99                  99
  Additional paid-in capital                                                                 43,192              43,113
  Shares acquired by stock benefit plans                                                     (4,329)             (4,329)
  Treasury stock - at cost, 610,573 and 568,968 shares at March 31, 2007
    and December 31, 2006, respectively                                                      (7,396)             (6,846)
  Retained earnings - restricted                                                             40,078              40,171
  Accumulated comprehensive loss, unrealized losses on securities
    available for sale, net of related tax effects                                              (15)                 (8)
                                                                                        -----------        ------------
         Total shareholders' equity                                                          71,629              72,200
                                                                                        -----------        ------------

         Total liabilities and shareholders' equity                                        $314,708            $309,780
                                                                                        ===========        ============
</TABLE>



See accompanying notes to consolidated financial statements.

                                        3


<PAGE>

                             Cheviot Financial Corp.

                 CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

               For the three months ended March 31, 2007 and 2006
                      (In thousands, except per share data)

<TABLE>
<CAPTION>

                                                                                               2007                2006
Interest income
<S>                                                                                          <C>                 <C>
  Loans                                                                                      $3,683              $3,323
  Mortgage-backed securities                                                                    187                 214
  Investment securities                                                                         396                 265
  Interest-earning deposits and other                                                            70                  42
                                                                                            -------             -------
         Total interest income                                                                4,336               3,844

Interest expense
  Deposits                                                                                    1,905               1,221
  Borrowings                                                                                    344                 387
                                                                                            -------             -------
         Total interest expense                                                               2,249               1,608
                                                                                            -------             -------

         Net interest income                                                                  2,087               2,236

Other income
  Rental                                                                                         12                  11
  Gain on sale of loans                                                                          14                   7
  Earnings on bank-owned life insurance                                                          32                  37
  Other operating                                                                                71                  65
                                                                                            -------             -------
         Total other income                                                                     129                 120

General, administrative and other expense
  Employee compensation and benefits                                                          1,116               1,019
  Occupancy and equipment                                                                       148                 101
  Data processing                                                                                80                  67
  Property, payroll and other taxes                                                             218                 206
  Legal and professional                                                                        118                 102
  Advertising                                                                                    44                  44
  Other operating                                                                               203                 141
                                                                                            -------             -------
         Total general, administrative and other expense                                      1,927               1,680
                                                                                            -------             -------

         Earnings before federal income taxes                                                   289                 676

Federal income taxes
  Current                                                                                       110                 217
  Deferred                                                                                      (27)                 (2)
                                                                                            -------             -------
         Total federal income taxes                                                              83                 215
                                                                                            -------             -------

         NET EARNINGS                                                                       $   206             $   461
                                                                                            =======             =======

         EARNINGS PER SHARE
           Basic                                                                            $   .02             $   .05
                                                                                            =======             =======

           Diluted                                                                          $   .02             $   .05
                                                                                            =======             =======

           Dividends declared per share                                                     $   .08             $   .07
                                                                                            =======             =======
</TABLE>

See accompanying notes to consolidated financial statements.

                                        4


<PAGE>


                            Cheviot Financial Corp.

           CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

               For the three months ended March 31, 2007 and 2006
                                 (In thousands)

<TABLE>
<CAPTION>

                                                                                               2007                  2006

<S>                                                                                            <C>                   <C>
Net earnings for the period                                                                    $206                  $461

Other comprehensive loss, net of related tax benefits:
  Unrealized holding losses on securities during the period,
    net of tax benefits of $(4) and $(2) for the periods
    ended March 31, 2007 and 2006                                                                (7)                   (3)
                                                                                              -----                 -----

Comprehensive income                                                                           $199                  $458
                                                                                              =====                 =====

Accumulated comprehensive loss                                                                 $(15)                 $(11)
                                                                                              =====                  =====
</TABLE>
See accompanying notes to consolidated financial statements.

                                        5

<PAGE>

                             Cheviot Financial Corp.

                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

               For the three months ended March 31, 2007 and 2006
                                 (In thousands)
<TABLE>
<CAPTION>


                                                                                               2007                2006
Cash flows from operating activities:
<S>                                                                                         <C>               <C>
  Net earnings for the period                                                               $   206           $     461
  Adjustments to reconcile net earnings to net cash (used in)
  provided by operating activities:
    Amortization of premiums and discounts on investment
      and mortgage-backed securities, net                                                        (3)                 -
    Depreciation                                                                                 82                  53
    Amortization of deferred loan origination fees - net                                         -                   (9)
    Proceeds from sale of loans in the secondary market                                       1,387                 744
    Loans originated for sale in the secondary market                                        (1,594)               (900)
    Amortization of expense related to stock benefit plans                                       19                  11
    Gain on sale of loans                                                                       (14)                 (7)
    Federal Home Loan Bank stock dividends                                                       -                  (43)
    Net increase in cash surrender value of bank-owned  life insurance                          (32)                (37)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable on loans                                                        8                 (68)
      Accrued interest receivable on mortgage-backed securities                                   4                   4
      Accrued interest receivable on investments and interest-earning deposits                  134                  62
      Prepaid expenses and other assets                                                        (258)               (258)
      Accrued interest payable                                                                   (1)                 -
      Accounts payable and other liabilities                                                    (93)                (59)
      Federal income taxes
        Current                                                                                 125                 324
        Deferred                                                                                (27)                 (2)
                                                                                            -------             -------
         Net cash flows (used in) provided by operating activities                              (57)                276

Cash flows used in investing activities:
  Principal repayments on loans                                                               6,410               7,077
  Loan disbursements                                                                         (8,920)            (12,725)
  Purchase of investment securities                                                          (4,001)                 -
  Proceeds from maturity of investment securities                                             4,000                  -
  Principal repayments on mortgage-backed securities                                          1,350               1,443
  Purchase of office premises and equipment                                                     (13)               (438)
                                                                                            -------             -------
         Net cash flows used in investing activities                                         (1,174)             (4,643)

Cash flows provided by financing activities:
  Net increase in deposits                                                                    7,053               2,090
  Proceeds from Federal Home Loan Bank advances                                                  -                2,000
  Repayments on Federal Home Loan Bank advances                                              (1,182)             (1,318)
  Advances by borrowers for taxes and insurance                                                (373)               (409)
  Stock option expense, net                                                                      60                  59
  Treasury stock repurchases                                                                   (550)             (1,002)
  Dividends paid on common stock                                                               (299)               (292)
                                                                                             ------              ------
         Net cash flows provided by financing activities                                      4,709               1,128
                                                                                             ------              ------

Net increase (decrease) in cash and cash equivalents                                          3,478              (3,239)

Cash and cash equivalents at beginning of period                                              5,490               9,103
                                                                                             ------              ------

Cash and cash equivalents at end of period                                                   $8,968              $5,864
                                                                                             ======              ======
</TABLE>


See accompanying notes to consolidated financial statements.

                                        6

<page>
                             Cheviot Financial Corp.

          CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(CONTINUED)

               For the three months ended March 31, 2007 and 2006
                                 (In thousands)

<TABLE>
<CAPTION>

                                                                                               2007                2006

Supplemental disclosure of cash flow information: Cash paid during the period
  for:
<S>                                                                                          <C>                <C>
    Federal income taxes                                                                     $   -               $  208
                                                                                              =====              ======

    Interest on deposits and borrowings                                                      $2,250              $1,608
                                                                                              =====              ======

Supplemental disclosure of non-cash investing activities:
  Transfer from loans to real estate acquired through foreclosure                            $  359              $   -
                                                                                             ======              ======

Recognition of mortgage servicing rights in
   accordance with SFAS No. 140                                                              $    5              $    6
                                                                                             ======              ======
</TABLE>

See accompanying notes to consolidated financial statements.

                                        7

<PAGE>

                             Cheviot Financial Corp.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

               For the three months ended March 31, 2007 and 2006


1. Basis of Presentation

Cheviot  Financial  Corp.  ("Cheviot  Financial"  or  the  "Corporation")  is  a
financial  holding  company,  the  principal  asset  of  which  consists  of its
ownership  of Cheviot  Savings  Bank (the  "Savings  Bank").  The  Savings  Bank
conducts a general  banking  business  in  southwestern  Ohio which  consists of
attracting  deposits and applying  those funds to the  origination  of primarily
real  estate  loans.  The  Corporation  is 55% owned by Cheviot  Mutual  Holding
Company.  Cheviot  Savings'  profitability  is  significantly  dependent  on net
interest  income,   which  is  the  difference   between  interest  income  from
interest-earning  assets  and the  interest  expense  paid  on  interest-bearing
liabilities.  Net  interest  income  is  affected  by  the  relative  amount  of
interest-earning  assets  and  interest-bearing  liabilities  and  the  interest
received or paid on these balances.

The accompanying unaudited financial statements were prepared in accordance with
instructions  for Form  10-Q  and,  therefore,  do not  include  information  or
footnotes necessary for a complete  presentation of financial position,  results
of operations and cash flows in conformity with accounting  principles generally
accepted  in the  United  States of  America.  Accordingly,  these  consolidated
financial  statements  should  be  read in  conjunction  with  the  consolidated
financial  statements  and notes  thereto of Cheviot  Financial  included in the
Annual Report on Form 10-K for the year ended December 31, 2006. However, in the
opinion of management,  all  adjustments  (consisting  of only normal  recurring
accruals)  which  are  necessary  for a fair  presentation  of the  consolidated
financial statements have been included. The results of operations for the three
month period ended March 31, 2007, are not necessarily indicative of the results
which may be expected for the entire year.

2. Principles of Consolidation

The  accompanying  consolidated  financial  statements  as of and for the  three
months ended March 31, 2007,  include the  accounts of the  Corporation  and its
wholly-owned  subsidiary,  the Savings Bank. All significant  intercompany items
have been eliminated.

3. Liquidity and Capital Resources

Liquidity describes our ability to meet the financial  obligations that arise in
the  ordinary  course of business.  Liquidity  is  primarily  needed to meet the
borrowing  and deposit  withdrawal  requirements  of our  customers  and to fund
current and planned  expenditures.  Our primary  sources of funds are  deposits,
scheduled  amortization  and  prepayments of loan principal and  mortgage-backed
securities,  maturities  and  calls of  securities  and  funds  provided  by our
operations.  In  addition,  we may  borrow  from the  Federal  Home Loan Bank of
Cincinnati.  At March 31, 2007 and December 31, 2006,  we had $28.1  million and
$29.2 million,  respectively,  in outstanding  borrowings  from the Federal Home
Loan Bank of  Cincinnati  and had the capacity to increase  such  borrowings  at
those dates by approximately $110.1 million and $110.3 million.

Loan repayments and maturing  securities are a relatively  predictable source of
funds. However,  deposit flows, calls of securities and prepayments of loans and
mortgage-backed  securities are strongly  influenced by interest rates,  general
and local economic conditions and competition in the marketplace.  These factors
reduce the predictability of these sources of funds.

                                       8
<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


3. Liquidity and Capital Resources (continued)

Our primary investing activities are the origination of one- to four-family real
estate loans, commercial real estate, construction and consumer loans, and, to a
lesser extent, the purchase of securities.  For the three months ended March 31,
2007, loan originations totaled $10.5 million, compared to $13.6 million for the
three months ended March 31, 2006.

Total  deposits  increased $7.1 million and $2.1 million during the three months
ended  March 31,  2007 and 2006.  Deposit  flows  are  affected  by the level of
interest rates, the interest rates and products offered by competitors and other
factors.

The  following  table  sets  forth   information   regarding  the  Corporation's
obligations  and  commitments to make future payments under contract as of March
31, 2007.

<TABLE>
<CAPTION>

                                                                        Payments due by period
                          Less More than More than More
                                than 1-3 4-5 than
                                                             1 year      years         years        5 years       Total
                                                                                 (In thousands)

    Contractual obligations:
<S>                                                     <C>             <C>               <C>      <C>        <C>
      Advances from the Federal Home Loan Bank          $       -       $     -           $-       $28,054    $  28,054
      Certificates of deposit                              124,947        22,454          428           -       147,829

    Amount of loan commitments and expiration per period:
      Commitments to originate one- to four-family
        loans                                                2,390            -            -            -         2,390
      Home equity lines of credit                           11,015            -            -            -        11,015
      Undisbursed loans in process                           5,905            -            -            -         5,905
      Lease obligations                                          3            -            -            -             3
                                                          --------       -------           --      -------     --------

         Total contractual obligations                    $144,260       $22,454         $428      $28,054     $195,196
                                                          ========       =======         ====      =======     ========
</TABLE>




We are committed to  maintaining  a strong  liquidity  position.  We monitor our
liquidity  position on a daily basis. We anticipate that we will have sufficient
funds to meet our current funding  commitments.  Based on our deposit  retention
experience  and current  pricing  strategy,  we  anticipate  that a  significant
portion of maturing time deposits will be retained.
                                       9

<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


3. Liquidity and Capital Resources (continued)

At March 31, 2007 and 2006, we exceeded all of the applicable regulatory capital
requirements.  Our core (Tier 1) capital was $51.7 million and $49.2 million, or
16.4% and 16.8% of total  assets at March 31,  2007 and 2006,  respectively.  In
order to be classified as "well-capitalized"  under federal banking regulations,
we were  required  to have core  capital of at least $18.9  million,  or 6.0% of
assets as of March 31, 2007.  To be classified  as a  well-capitalized  bank, we
must also have a ratio of total risk-based capital to risk-weighted assets of at
least 10.0%. At March 31, 2007 and 2006, we had a total risk-based capital ratio
of 32.8% and 34.4%, respectively.

4. Earnings Per Share

Basic  earnings  per share is computed  based upon the  weighted-average  common
shares  outstanding  during  the  period,  less  shares  in the  ESOP  that  are
unallocated  and not  committed to be released plus shares in the ESOP that have
been allocated.  Weighted-average  common shares deemed outstanding gives effect
to 249,954 and 285,661  unallocated shares held by the ESOP for the three months
ended March 31, 2007 and 2006, respectively.

                                                      For the three months ended
                                                                  March 31,
                                                             2007           2006

    Weighted-average common shares
      outstanding (basic)                               9,082,356      9,363,410

    Dilutive effect of assumed exercise
      of stock options                                    120,429         16,468
                                                       ----------    -----------

    Weighted-average common shares
      outstanding (diluted)                             9,202,785      9,379,878
                                                        =========      =========


5. Stock Option Plan

On April 26, 2005, the Corporation approved a Stock Incentive Plan that provides
for grants of up to 486,018 stock options. On May 5, 2005, approximately 384,000
option  shares  were  granted  subject to five year  vesting.  On May 23,  2006,
approximately 6,100 option shares were granted subject to five year vesting.

In 2004, the Financial  Accounting  Standards Board ("FASB") issued Statement of
Financial Accounting Standard ("SFAS") No. 123(R),  "Share-Based Payment," which
revises SFAS No. 123, "Accounting for Stock-Based  Compensation," and supersedes
Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued
to Employees."  SFAS No. 123(R)  requires that cost related to the fair value of
all  equity-based  awards  to  employees,  including  grants of  employee  stock
options, be recognized in the financial statements.

                                       10

<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


5. Stock Option Plan (continued)

The Corporation  adopted the provisions of SFAS No. 123(R) effective  January 1,
2006, using the modified  prospective  transition  method, and therefore has not
restated its financial  statements  for prior  periods.  Under this method,  the
Corporation  has applied the  provisions of SFAS No. 123(R) to new  equity-based
awards and to  equity-based  awards  modified,  repurchased,  or cancelled after
January 1, 2006. In addition,  the Corporation will recognize  compensation cost
for the portion of  equity-based  awards for which the requisite  service period
has not been rendered ("unvested  equity-based  awards") that are outstanding as
of January 1, 2006.  The  compensation  cost recorded for unvested  equity-based
awards is based on their grant-date fair value. For the three months ended March
31, 2007, the Corporation  recorded $43,000 in after-tax  compensation  cost for
equity-based  awards that vested  during the three  months ended March 31, 2007.
The Corporation has $810,000  unrecognized  pre-tax compensation cost related to
non-vested  equity-based  awards  granted under its stock  incentive  plan as of
March 31,  2007,  which is expected  to be  recognized  over a  weighted-average
vesting period of approximately 3.2 years.

A summary of the status of the  Corporation's  stock option plan as of March 31,
2007, and changes during the period then ended is presented below:

<TABLE>
<CAPTION>

                                                                   Three months ended                   Year ended
                                                                     March 31, 2007                  December 31, 2006
                                                                                Weighted-                       Weighted-
                                                                                 average                         average
                                                                                exercise                        exercise
                                                                  Shares          price           Shares          price

<S>                                                               <C>           <C>                <C>          <C>
    Outstanding at beginning of period                            389,760       $11.17             383,700      $11.15
    Granted                                                            -              -              6,060       12.12
    Exercised                                                          -              -                 -            -
    Forfeited                                                          -              -                 -            -
                                                                ---------       -------           --------      -------

    Outstanding at end of period                                  389,760       $11.17             389,760      $11.17
                                                                =========       =======           ========      =======

    Options exercisable at period-end                              76,740       $11.15              76,740      $11.15
                                                                =========       =======           ========      ======

    Options expected to be exercisable at year-end

    Fair value of options granted                                               $    -                          $ 2.97
                                                                                =======                         ======

    The following information applies to options outstanding at March 31, 2007:

    Number outstanding                                                                                            389,760
    Exercise price                                                                                        $11.15 - $12.12
    Weighted-average exercise price                                                                                $11.17
    Weighted-average remaining contractual life                                                                 8.2 years
    Aggregate intrinsic value of vested options                                                                  $152,400

</TABLE>

The expected term of options is based on  evaluations of historical and expected
future employee exercise behavior. The risk free interest rate is based upon the
U.S. Treasury rates at the date of grant with maturity dates approximately equal
to the  expected  life at grant date.  Volatility  is based upon the  historical
volatility of the Corporation's stock.

                                       11

<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


5. Stock Option Plan (continued)

The fair  value of each  option  was  estimated  on the date of grant  using the
modified Black-Scholes options pricing model with the following weighted-average
assumptions  used  for  grants  in  2006:  dividend  yield  of  2.31%,  expected
volatility of 14.43%,  risk-free  interest rate of 5.07% and an expected life of
10 years for each grant.

The  effects  of  expensing  stock  options is  reported  in "cash  provided  by
financing activities" in the Consolidated Statements of Cash Flows.

6. Income Taxes

The Corporation  adopted the provisions of FASB  Interpretation  48, "Accounting
for  Uncertainty  in  Income  Taxes,"  on  January  1,  2007.  Previously,   the
Corporation had accounted for tax  contingencies in accordance with Statement of
Financial  Accounting  Standards  No.  5,  "Accounting  for  Contingencies."  As
required by Interpretation  48, which clarifies  Statement No. 109,  "Accounting
for Income Taxes," the Corporation recognizes the financial statement benefit of
a tax position only after determining that the relevant tax authority would more
likely than not sustain  the  position  following  an audit.  For tax  positions
meeting  the  more-likely-than-not  threshold,  the  amount  recognized  in  the
financial  statements is the largest  benefit that has a greater than 50 percent
likelihood  of being  realized upon  ultimate  settlement  with the relevant tax
authority.  At the adoption date, the Corporation  applied  Interpretation 48 to
all tax  positions  for which the stature of  limitations  remained  open.  As a
result of the  implementation  of  Interpretation  48, the  Corporation  was not
required to record any liability for  unrecognized tax benefits as of January 1,
2007.  There have been no material  changes in  unrecognized  tax benefits since
January 1, 2007.  As stated in the Annual  Report,  the only known tax attribute
which can influence the  Corporation's  effective tax rate is the utilization of
charitable contribution carryforwards.

The Corporation is subject to income taxes in the U.S. federal jurisdiction,  as
well as various state  jurisdictions.  Tax regulations  within each jurisdiction
are subject to the  interpretation  of the related tax laws and  regulations and
require significant  judgment to apply. With few exceptions,  the Corporation is
no longer  subject  to U.S.  federal,  state and local,  or non U.S.  income tax
examinations by tax authorities for the years before 2003.

The  Corporation  will  recognize,  if applicable,  interest  accrued related to
unrecognized  tax  benefits  in  interest  expense and  penalties  in  operating
expenses.

7. Effects of Recent Accounting Pronouncements

In February 2006, the FASB issued SFAS No. 155,  "Accounting  for Certain Hybrid
Instruments - an amendment of FASB  Statements No. 133 and 140," to simplify and
make  more  consistent  the  accounting  for  certain   financial   instruments.
Specifically,  SFAS No. 155 amends  SFAS No.  133,  "Accounting  for  Derivative
Instruments and Hedging  Activities," to permit fair value remeasurement for any
hybrid  financial  instrument  with an embedded  derivative that otherwise would
require  bifurcation,  provided that the whole  instrument is accounted for on a
fair value basis.  SFAS No. 155 amends SFAS No. 140,  "Accounting  for Transfers
and Servicing of Financial Assets and Extinguishment of Liabilities," to allow a
qualifying special purpose entity to hold a derivative  instrument that pertains
to a beneficial interest other than another derivative financial instrument.

                                       12

<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


7. Effects of Recent Accounting Pronouncements (continued)

SFAS No. 155 is effective for all financial instruments acquired or issued after
the beginning of an entity's  first fiscal year that begins after  September 15,
2006,  or  January  1,  2007 as to the  Corporation,  with  earlier  application
allowed.  The  Corporation  adopted  SFAS No. 155 as of January 1, 2007  without
material  effect  on  the  Corporation's   financial   position  or  results  of
operations.

In March  2006,  the FASB  issued SFAS No. 156,  "Accounting  for  Servicing  of
Financial Assets - an amendment of SFAS No. 140," to simplify the accounting for
separately recognized servicing assets and servicing liabilities.  Specifically,
SFAS No.  156 amends  SFAS No.  140 to  require an entity to take the  following
steps:

o    Separately  recognize  financial  assets as  servicing  assets or servicing
     liabilities,  each time it  undertakes an obligation to service a financial
     asset by entering into certain kinds of servicing contracts;
o    Initially   measure  all  separately   recognized   servicing   assets  and
     liabilities at fair value, if practicable, and;
o    Separately present servicing assets and liabilities  subsequently  measured
     at fair  value  in the  statement  of  financial  position  and  additional
     disclosures for all separately  recognized  servicing  assets and servicing
     liabilities.

Additionally,  SFAS No. 156 permits,  but does not require,  an entity to choose
either  the  amortization  method  or the  fair  value  measurement  method  for
measuring  each class of separately  recognized  servicing  assets and servicing
liabilities. SFAS No. 156 also permits a servicer that uses derivative financial
instruments  to offset  risks on servicing  to use fair value  measurement  when
reporting both the derivative  financial  instrument and related servicing asset
or liability.

    SFAS No. 156 applies to all separately recognized servicing assets and
    liabilities acquired or issued after the beginning of an entity's fiscal
    year that begins after September 15, 2006, or January 1, 2007 as to the
    Corporation, with earlier application permitted. The Corporation adopted
    SFAS No. 156 as of January 1, 2007, applying the amortization method without
    financial statement effect. The Corporation's mortgage servicing rights
    totaled less than $75,000 at March 31, 2007, and therefore, the remaining
    disclosures required under SFAS No. 156 have been omitted based on
    materiality.

In July 2006, the FASB issued FASB Interpretation No. 48 ("FIN 48"), "Accounting
for  Uncertainty in Income Taxes." The  interpretation  clarifies the accounting
for uncertainty in income taxes recognized in a company's  financial  statements
in accordance with SFAS No. 109,  "Accounting  for Income Taxes."  Specifically,
FIN 48  prescribes a recognition  threshold and a measurement  attribute for the
financial  statement  recognition  and  measurement of a tax provision  taken or
expected  to be taken on a tax  return.  FIN 48 also  provides  guidance  on the
related derecognition,  classification,  interest and penalties,  accounting for
interim periods,  disclosure,  and transition of uncertain tax positions. FIN 48
is effective for fiscal years  beginning  after December 15, 2006, or January 1,
2007 as to the Corporation.  The Corporation has adopted FIN 48 without material
adverse effect on the Corporation's financial position or results of operations.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements." This
Statement  defines fair value,  establishes a framework for measuring fair value
and expands disclosures about fair value measurements. This Statement emphasizes
that fair value is a market-based  measurement and should be determined based on
assumptions  that a  market  participant  would  use  when  pricing  an asset or
liability. This Statement clarifies that

                                       13
<PAGE>


                             Cheviot Financial Corp.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               For the three months ended March 31, 2007 and 2006


7. Effects of Recent Accounting Pronouncements (continued)

market participant  assumptions should include assumptions about risk as well as
the effect of a restriction on the sale or use of an asset.  Additionally,  this
Statement  establishes a fair value hierarchy that provides the highest priority
to quoted prices in active markets and the lowest priority to unobservable data.
This Statement is effective for fiscal years  beginning after November 15, 2007,
or January 1, 2008 as to the Company,  and interim  periods  within those fiscal
years. The adoption of this Statement is not expected to have a material adverse
effect on the Company's financial position or results of operations.

In September  2006,  the FASB ratified the Emerging  Issues Task Force's  (EITF)
Issue 06-4,  "Accounting for Deferred  Compensation and  Postretirement  Benefit
Aspects of Endorsement Split-Dollar Life Insurance Arrangements," which requires
companies  to  recognize  a  liability  and  related   compensation   costs  for
endorsement  split-dollar  life insurance  policies that provide a benefit to an
employee extending to postretirement periods. The liability should be recognized
based on the  substantive  agreement with the employee.  This Issue is effective
beginning  January  1,  2008.  The  Issue can be  applied  as either a change in
accounting principle through a cumulative-effect adjustment to retained earnings
as of the beginning of the year of adoption, or a change in accounting principle
through  retrospective  application  to all periods.  The  Corporation is in the
process of  evaluating  the impact the  adoption  of Issue 06-4 will have on the
financial statements.

In September 2006, the FASB ratified a consensus  opinion reached by the EITF on
EITF Issue 06-5,  "Accounting  for Purchases of Life Insurance - Determining the
Amount that Could be Realized in  Accordance  with FASB  Technical  Bulletin No.
85-4." The guidance in EITF Issue 06-5 requires  policyholders to consider other
amounts included in the contractual terms of an insurance policy, in addition to
cash  surrender  value,  for  purposes of  determining  the amount that could be
realized  under the terms of the  insurance  contract.  If it is  probable  that
contractual  terms  would  limit the  amount  that could be  realized  under the
insurance  contract,  those  contractual  limitations  should be considered when
determining the realizable amounts.  The amount that could be realized under the
insurance contract should be determined on an individual policy (or certificate)
level and should  include any amount  realized on the assumed  surrender  of the
last individual policy or certificate in a group policy.

The Company holds several life insurance policies,  however, the policies do not
contain any provisions that would restrict or reduce the cash surrender value of
the  policies.  The  consensus in EITF Issue 06-5 is effective  for fiscal years
beginning after December 15, 2006. The Corporation  applied the guidance in EITF
Issue  06-5  effective  January  1, 2007  which  did not have any  effect on the
Corporation's financial statements.

In February  2007,  the FASB issued  SFAS No.  159,  "The Fair Value  Option for
Financial  Assets and  Financial  Liabilities  - Including  an Amendment of FASB
Statement No. 115." This Statement  allows  companies the choice to measure many
financial instruments and certain other items at fair value. The objective is to
improve  financial  reporting  by providing  entities  with the  opportunity  to
mitigate  volatility in reported earnings caused by measuring related assets and
liabilities  differently  without  having  to  apply  complex  hedge  accounting
provisions.  This  Statement  is  expected  to  expand  the  use of  fair  value
measurement,   which  is  consistent  with  the  Board's  long-term  measurement
objectives for accounting for financial instruments. This Statement is effective
as of the beginning of an entity's  first fiscal year that begins after November
15, 2007, or January 1, 2008 as to the  Corporation,  and interim periods within
those fiscal years.  Early adoption is permitted as of the beginning of a fiscal
year that begins on or before November 15, 2007, provided the entity also elects
to apply  the  provisions  of SFAS  No.  157,  "Fair  Value  Measurements."  The
Corporation is currently evaluating the impact the adoption of SFAS No. 159 will
have on the financial statements.

                                       14
<PAGE>


                             Cheviot Financial Corp.

ITEM 2.              MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Forward Looking Statements

This  report  on Form 10-Q  contains  forward-looking  statements,  which can be
identified  by the use of such  words as  estimate,  project,  believe,  intend,
anticipate,  plan, seek, expect and similar expressions.  These  forward-looking
statements are subject to significant risks,  assumptions and uncertainties that
could   affect  the  actual   outcome  of  future   events.   Because  of  these
uncertainties,  our actual future  results may be materially  different from the
results indicated by these forward-looking statements.

Discussion of Financial  Condition Changes at December 31, 2006 and at March 31,
2007
--------------------------------------------------------------------------------

Total assets  increased  $4.9 million,  or 1.6%, to $314.7  million at March 31,
2007,  from $309.8  million at December 31,  2006.  The increase in total assets
reflects an increase in cash and cash  equivalents and loans  receivable,  which
were partially offset by a decrease in investment securities and mortgage-backed
securities.

Cash, federal funds sold and  interest-earning  deposits increased $3.5 million,
or 63.4%,  to $9.0 million at March 31, 2007,  from $5.5 million at December 31,
2006. The increase in cash and cash  equivalents at March 31, 2007, was due to a
$164,000  increase in cash and cash due from banks, an increase in federal funds
sold of $2.0  million  and an  increase  in  interest  earning  deposits of $1.4
million.  Investment  securities  decreased $9,000 to $34.2 million at March 31,
2007. At March 31, 2007, $23.1 million of investment  securities were classified
as held to maturity, while $11.1 million were classified as available for sale.

Mortgage-backed  securities decreased $1.3 million, or 8.8%, to $13.9 million at
March 31,  2007,  from $15.3  million at  December  31,  2006.  The  decrease in
mortgage-backed  securities  was due  primarily  to  principal  prepayments  and
repayments   totaling  $1.4  million.  At  March  31,  2007,  $13.0  million  of
mortgage-backed  securities were classified as held to maturity,  while $962,000
were  classified as available for sale.  Management  has focused on investing in
shorter term instruments in an effort to enhance the Corporation's  liquidity in
the current inverted yield curve interest rate environment.

Loans  receivable,  including  loans held for sale,  increased $2.4 million,  or
1.0%, to $243.6  million at March 31, 2007,  from $241.2 million at December 31,
2006. The increase reflects loan originations totaling $10.5 million,  partially
offset by loan principal repayments of $6.4 million and sales of $1.4 million.

The  allowance  for loan  losses  totaled  $833,000  at both March 31,  2007 and
December 31, 2006. In determining  the adequacy of the allowance for loan losses
at any point in time,  management and the board of directors  apply a systematic
process focusing on the risk of loss in the portfolio. First, the loan portfolio
is  segregated by loan types to be evaluated  collectively  and loan types to be
evaluated  individually.   Delinquent  multi-family  and  commercial  loans  are
evaluated  individually  for  potential  impairments  in their  carrying  value.
Second,  the  allowance  for loan losses  entails  utilizing  our historic  loss
experience by applying such loss percentage to the loan types to be collectively
evaluated in the  portfolio.  This segment of the loss  analysis  resulted in no
addition to the  provision  for loss for the quarter  ended March 31, 2007.  The
analysis of the allowance for loan losses requires an element of judgment and is
subject to the possibility  that the allowance may need to be increased,  with a
corresponding reduction in earnings. To the best of management's knowledge,  all
known and inherent losses that are probable and that can be reasonably estimated
have been recorded at March 31, 2007.
                                       15

<PAGE>


                             Cheviot Financial Corp.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Discussion  of Financial  Condition  Changes from December 31, 2006 to March 31,
2007 (continued)

Non-performing  and impaired  loans  totaled  $371,000 and $281,000 at March 31,
2007 and December 31, 2006, respectively.  At March 31, 2007, non-performing and
impaired loans were comprised solely of six loans secured by one- to four-family
residential real estate.  The allowance for loan losses  represented  224.5% and
296.4 % of non-performing  and impaired loans at March 31, 2007 and December 31,
2006,   respectively.   Although  management  believes  that  the  Corporation's
allowance for loan losses conforms with generally accepted accounting principles
based upon the available facts and circumstances, there can be no assurance that
additions to the allowance will not be necessary in future periods,  which would
adversely affect our results of operations.

Deposits  increased $7.1 million,  or 3.4%, to $212.5 million at March 31, 2007,
from $205.5  million at December 31, 2006.  Advances  from the Federal Home Loan
Bank of Cincinnati decreased by $1.2 million, or 4.0%, to $28.1 million at March
31, 2007,  from $29.2 million at December 31, 2006.  Deposit  growth allowed for
the repayment of advances from the Federal Home Loan Bank.

Shareholders' equity decreased $571,000,  or 0.8%, to $71.6 million at March 31,
2007, from $72.2 million at December 31, 2006. The decrease  primarily  resulted
from the  repurchase  of  treasury  shares of  $550,000  and  dividends  paid of
$299,000,  which were partially offset by net earnings of $206,000. At March 31,
2007, Cheviot Financial had the ability to purchase an additional 356,504 shares
under its announced stock repurchase plan.

Comparison of Operating Results for the Three-Month Periods Ended March 31, 2007
and 2006
--------------------------------------------------------------------------------

General

Net  earnings for the three  months  ended March 31, 2007  totaled  $206,000,  a
$255,000  decrease  from the $461,000  net  earnings  reported in the March 2006
period.  The decrease in net earnings reflects a decrease in net interest income
of $149,000 and an increase of $247,000,  in general,  administrative  and other
expenses,  which were partially  offset by an increase in other income of $9,000
and a decrease of $132,000 in federal income taxes for the 2007 quarter.

Net Interest Income

Total interest  income  increased  $492,000,  or 12.8%,  to $4.3 million for the
three-months ended March 31, 2007, from the comparable quarter in 2006. Interest
income on loans  increased  $360,000,  or 10.8%, to $3.7 million during the 2007
period from $3.3 million for the 2006 period. This increase was due primarily to
a $16.8 million,  or 7.4%, increase in the average balance of loans outstanding,
and a 19 basis point  increase in the  weighted-average  yield on loans to 6.07%
for 2007 quarter from 5.88% for the three months ended March 31, 2006.

Interest income on mortgage-backed  securities  decreased $27,000,  or 12.6%, to
$187,000 for the three months ended March 31, 2007,  from  $214,000 for the 2006
quarter,  due  primarily  to a $6.2 million  decrease in the average  balance of
securities outstanding, which was partially offset by a 104 basis point increase
in the average yield period to period.  Interest income on investment securities
increased  $131,000,  or 49.4%, to $396,000 for the three months ended March 31,
2007,  compared to $265,000 for the same quarter in 2006, due primarily to a 126
basis point  increase in the average yield to 5.17% in the 2007 quarter,  and an
increase  of $3.6  million,  or  13.1%  in the  average  balance  of  investment
securities  outstanding.  Interest  income  on other  interest-earning  deposits
increased  $28,000,  or 66.7% to $70,000  for the three  months  ended March 31,
2007.

                                       16
<PAGE>


                             Cheviot Financial Corp.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Comparison of Operating Results for the Three-Month Periods Ended March 31, 2007
and 2006 (continued)
--------------------------------------------------------------------------------

Net Interest Income (continued)

Interest  expense  increased  $641,000,  or 39.9%, to $2.2 million for the three
months  ended  March 31,  2007,  from $1.6  million for the same period in 2006.
Interest  expense on deposits  increased by $684,000,  or 56.0%, to $1.9 million
from $1.2  million due  primarily  to a 95 basis point  increase in the weighted
average  costs of deposits to 3.69% during the 2007 period and a $28.2  million,
or 15.8%, increase in the weighted-average balance outstanding. Interest expense
on borrowings  decreased by $43,000,  or 11.1%, due primarily to a $4.6 million,
or 13.8%,  decrease  in the average  balance  outstanding,  which was  partially
offset by a 15 basis  point  increase  in the average  cost of  borrowings.  The
increase in the yields on interest-earning  assets and costs of interest-bearing
liabilities  were due primarily to the overall increase in interest rates during
the March 2007 quarter.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  decreased by  $149,000,  or 6.7%,  to $2.1 million for the
three months ended March 31, 2007. The average interest rate spread decreased to
2.08% for the three  months ended March 31, 2007 from 2.51% for the three months
ended March 31, 2006. The net interest  margin  decreased to 2.84% for the three
months  ended  March 31,  2007 from 3.23% for the three  months  ended March 31,
2006.

Provision for Losses on Loans

As a result of the allowance  for loan losses  analysis  described  elsewhere in
this  document,  management  concluded  that the  allowance  for  loan  loss was
adequate, and therefore,  did not record a provision for losses on loans for the
three-months  ended March 31, 2007 and 2006.  There can be no assurance that the
loan loss allowance will be sufficient to cover losses on  non-performing  loans
in the future.

Other Income

Other income increased  $9,000,  or 7.5%, to $129,000 for the three months ended
March 31,  2007,  compared  to the same  quarter in 2006,  due  primarily  to an
increase in the gain on the sale of loans of $7,000 and an increase of $6,000 in
other operating income, which were partially offset by a decrease in earnings on
bank owned life insurance of $5,000.

General, Administrative and Other Expense

General,  administrative and other expense increased $247,000, or 14.7%, to $1.9
million for the three  months  ended March 31,  2007,  from $1.7 million for the
comparable  quarter in 2006. This increase is a result of an increase of $97,000
in employee  compensation  and  benefits,  a $47,000  increase in occupancy  and
equipment, a $16,000 increase in legal and professional services and an increase
of $62,000 in other operating expense. The increase in employee compensation and
benefits is due  primarily to an increase in the number of employees  reflecting
the  growth of the  Corporation's  franchise.  The  increase  in  occupancy  and
equipment is due primarily to expense  incurred for the operation of the two new
branches  opened in the  latter  quarters  of 2006.  The  increase  in legal and
professional  services  was due  primarily to expenses  incurred for  litigation
proceedings  wherein the  Corporation  was  defending  its security  interest in
collateral.  The Corporation has reached a settlement  regarding this litigation
for $50,000,  accounting  for the  majority of the  increase in other  operating
expense for the 2007 three month period.

                                       17
<PAGE>


                             Cheviot Financial Corp.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                      AND RESULTS OF OPERATIONS (CONTINUED)


Comparison of Operating Results for the Three-Month Periods Ended March 31, 2007
and 2006 (continued)
--------------------------------------------------------------------------------

Federal Income Taxes

The provision for federal income taxes decreased $132,000,  or 61.4%, to $83,000
for the three months ended March 31, 2007, from $215,000 for the same quarter in
2006, due primarily to a $387,000, or 57.2%,  decrease in pre-tax earnings.  The
effective  tax rate was 28.7% and 31.8% for the three month  periods ended March
31, 2007 and 2006. The difference  between the Corporation's  effective tax rate
in the  2007  and  2006  periods  and the 34%  statutory  corporate  rate is due
primarily to the tax-exempt earnings on bank-owned life insurance.


ITEM 3            QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There has been no  material  change in the  Corporation's  market risk since the
Form 10-K filed with the Securities  and Exchange  Commission for the year ended
December 31, 2006.


ITEM 4   CONTROLS AND PROCEDURES

The Corporation's  Chief Executive Officer and Chief Financial Officer evaluated
the disclosure  controls and  procedures  (as defined under Rules  13a-15(e) and
15d-15(e) of the  Securities  Exchange Act of 1934, as amended) as of the end of
the period covered by this quarterly  report.  Based upon that  evaluation,  the
Chief  Executive  Officer and Chief  Financial  Officer have  concluded that the
Corporation's disclosure controls and procedures are effective.

There were no changes in the Corporation's internal controls or in other factors
that  could  materially  affect,  or could  reasonably  be likely to  materially
affect,  these  controls  subsequent  to the  date of  their  evaluation  by the
Corporation's Chief Executive Officer and Chief Financial Officer.

                                       18

<PAGE>


                             Cheviot Financial Corp.

                                     PART II


ITEM 1.  Legal Proceedings

None.

ITEM 1A. Risk Factors

There have been no changes to the Corporation's risk factors since the filing of
the  Corporation's  Annual  Report on Form 10-K for the year ended  December 31,
2006.

ITEM 2.  Unregistered  Sales of Equity  Securities,  Use of Proceeds  and Issuer
Purchases of Equity Securities
--------------------------------------------------------------------------------

The Corporation announced a repurchase plan on September 13, 2006 which provides
for the repurchase of 5% or 471,140 shares of our common stock.  As of March 31,
2007, the Corporation had purchased 114,636 shares pursuant to the program.


                                                                  Total # of
                                                              shares purchased
                              Total            Average       as part of publicly
                           # of shares       price paid        announced plans
Period                      purchased         per share          or programs
------                      ---------         ---------         ------------

January 1-31, 2007           11,036             $13.15              84,067
February 1-28, 2007           9,292             $13.17              93,359
March 1 - 31, 2007           21,277             $13.26             114,636


ITEM 3.  Defaults Upon Senior Securities

                  Not applicable.

ITEM 4.  Submission of Matters to a Vote of Security Holders
         ---------------------------------------------------

                  None.

ITEM 5.  Other Information

                  None.

ITEM 6.  Exhibits

          31.1 Certification  of Principal  Executive  Officer  Pursuant to Rule
               13a-14  of the  Securities  Exchange  Act  of  1934,  As  Adopted
               Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

          31.2 Certification  of Principal  Financial  Officer  Pursuant to Rule
               13a-14  of the  Securities  Exchange  Act  of  1934,  As  Adopted
               Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

          32.1 Certification  of  Principal  Executive  Officer  Pursuant  to 18
               U.S.C.  Section 1350,  as Adopted  Pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002.

          32.2 Certification  of  Principal  Financial  Officer  Pursuant  to 18
               U.S.C.  Section 1350,  as Adopted  Pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002.

                                       19
<PAGE>


                             Cheviot Financial Corp.

                                   SIGNATURES


Pursuant to the requirements 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.





Date:   May 11, 2007                   By: /s/ Thomas J. Linneman
       -------------------------           -----------------------------------
                                           Thomas J. Linneman
                                           President and Chief Executive Officer



Date:   May 11, 2007                   By: /s/ Scott T.Smith
       ------------------------           --------------------------------------
                                           Scott T. Smith
                                           Chief Financial Officer





                                       20

<PAGE>

                                                                    Exhibit 31.1


                      CERTIFICATION PURSUANT TO RULE 13A-14
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                    AS ADOPTED PURSUANT TO SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002

I, Thomas J. Linneman, certify that:


1.   I have reviewed  this  quarterly  report on Form 10-Q of Cheviot  Financial
     Corp.;

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  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

     a.   Designed  such  disclosure  controls  and  procedures  or caused  such
          disclosure  controls to be designed under our  supervision,  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 and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of  the  period  covered  by  this  quarterly  report  based  on  such
          evaluation; and

     c.   Disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most recent fiscal quarter (the registrant's  fourth fiscal quarter in
          the case of an annual  report)  that has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's  auditors and the audit committee of registrant's board of
     directors (or persons performing the equivalent functions):

     a.   All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     b.   Any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          control over financial reporting.


Date:  May 11, 2007                     /s/Thomas J. Linneman
                                        ----------------------------------------
                                        Thomas J. Linneman
                                        President and Chief Executive Officer
                                        (principal executive officer)



<PAGE>


                                                                    Exhibit 31.2


                      CERTIFICATION PURSUANT TO RULE 13A-14
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                    AS ADOPTED PURSUANT TO SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002

I, Scott T. Smith, certify that:

1.   I have reviewed  this  quarterly  report on Form 10-Q of Cheviot  Financial
     Corp.;

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  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

     a.   Designed  such  disclosure  controls  and  procedures  or caused  such
          disclosure  controls to be designed under our  supervision,  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 and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of  the  period  covered  by  this  quarterly  report  based  on  such
          evaluation; and

     c.   Disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most recent fiscal quarter (the registrant's  fourth fiscal quarter in
          the case of an annual  report)  that has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's  auditors and the audit committee of registrant's board of
     directors (or persons performing the equivalent functions):

     a.   All significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     b.   Any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          control over financial reporting.


Date:  May 11, 2007                               /s/Scott T. Smith
                                                  ------------------------------
                                                  Scott T. Smith
                                                  Chief Financial Officer
                                                  (principal financial officer)


<PAGE>


                                                                    Exhibit 32.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with the  Quarterly  Report  of  Cheviot  Financial  Corp.  (the
"Company"),  on Form 10-Q for the period ended March 31, 2007, as filed with the
Securities  and  Exchange  Commission  on the  date of this  Certification  (the
"Report"),  I, Thomas J. Linneman,  President and Chief Executive Officer of the
Company,  certify,  pursuant to 18 U.S.C.  Section 1350, as adopted  pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934; and

2.   The information  contained in the Report fairly  presents,  in all material
     respects, the financial condition and results of operations of the Company.

A signed  original of this  written  statement  required by Section 906 has been
provided  to  Cheviot  Financial  Corporation  and will be  retained  by Cheviot
Financial Corporation and furnished to the Securities and Exchange Commission or
its staff upon request.


                           /s/Thomas J. Linneman
                           -----------------------------------------------------
                           Thomas J. Linneman
                           President and Chief Executive Officer

  Date:  May 11, 2007




<PAGE>


                                                                    Exhibit 32.2

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with the  Quarterly  Report  of  Cheviot  Financial  Corp.  (the
"Company"),  on Form 10-Q for the period ended March 31, 2007, as filed with the
Securities  and  Exchange  Commission  on the  date of this  Certification  (the
"Report"),  I, Scott T. Smith, Chief Financial Officer of the Company,  certify,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that, to my knowledge:

1.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934; and

2.   The information  contained in the Report fairly  presents,  in all material
     respects, the financial condition and results of operations of the Company.

A signed  original of this  written  statement  required by Section 906 has been
provided  to  Cheviot  Financial  Corporation  and will be  retained  by Cheviot
Financial Corporation and furnished to the Securities and Exchange Commission or
its staff upon request.



                                                /s/Scott T. Smith
                                                --------------------------------
                                                Scott T. Smith
                                                Chief Financial Officer

     Date:  May 11, 2007