----

| CONTACT                PERSON: | H.                STEWART FITZ GIBBON III |
|--------------------------------|-------------------------------------------|
|                           | EXECUTIVE                VICE PRESIDENT   |
|                           | CHIEF                FINANCIAL OFFICER    |
|                           | (330)                264-5767             |

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| WAYNE                SAVINGS BANCSHARES,                INC.                                                   |
|----------------------------------------------------------------------------------------------------------------|
| CONSOLIDATED                BALANCE                SHEETS                                                      |
| (Dollars                in thousands, except per                share data)                                    |
|                                                                                                           |   | December                31,                2007 |   |   | March                31,                2007 |   |
|                                                                                                           |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                         |   |   |   |   |   |   |
|                                                                                                           |   |   |   |   |   |   |
| Cash,                cash equivalents, &                investment securities (1)                          |   | $ | 44,681 |   |   | $ | 71,908 |   |
| Mortgage-backed                securities, net                (1)                                              |   |   | 83,861 |   |   |   | 69,065 |   |
| Loans                receivable, net                                                                           |   |   | 248,389 |   |   |   | 240,049 |   |
| Federal                Home Loan Bank                stock                                                     |   |   | 4,829 |   |   |   | 4,829 |   |
| Office                premises & equipment,                net                                             |   |   | 8,025 |   |   |   | 8,179 |   |
| Real                estate acquired through                foreclosure                                         |   |   | 48 |   |   |   | - |   |
| Other                assets                                                                                    |   |   | 11,127 |   |   |   | 11,707 |   |
|           TOTAL  ASSETS                            |   | $ | 400,960 |   |   | $ | 405,737 |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| LIABILITIES                AND STOCKHOLDERS'                EQUITY                                             |   |   |   |   |   |   |   |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| Deposit                accounts                                                                                |   | $ | 323,919 |   |   | $ | 333,540 |   |
| Advances                from Federal Home Loan                Bank                                             |   |   | 38,500 |   |   |   | 34,500 |   |
| Advances                by borrowers for taxes                & insurance                                  |   |   | 1,050 |   |   |   | 616 |   |
| Accounts                payable on mortgage loans                serviced for others                           |   |   | 283 |   |   |   | 197 |   |
| Other                liabilities                                                                               |   |   | 2,557 |   |   |   | 2,451 |   |
|           TOTAL                LIABILITIES                   |   |   | 366,309 |   |   |   | 371,304 |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| Common                stock (3,978,731 shares of                $.10 par value issued at                       |   |   |   |   |   |   |   |   |
|     December                31, 2007 and March 31, 2007)                                   |   |   | 398 |   |   |   | 398 |   |
| Additional                paid-in capital                                                                      |   |   | 36,136 |   |   |   | 36,106 |   |
| Retained                earnings                                                                               |   |   | 12,363 |   |   |   | 11,982 |   |
| Less                required contributions for                shares acquired by Employee Stock Ownership Plan |   |   | (1,097 | ) |   |   | (1,158 | ) |
| Less                Treasury Stock (853,725                shares at December 31, 2007 and                     |   |   |   |   |   |   |   |   |
|      784,622                shares at March 31, 2007)                                 |   |   | (13,273 | ) |   |   | (12,419 | ) |
| Accumulated                other comprehensive                income (loss), net of tax effects                |   |   | 124 |   |   |   | (476 | ) |
|           TOTAL                STOCKHOLDERS' EQUITY          |   |   | 34,651 |   |   |   | 34,433 |   |
|                                                                                                           |   |   |   |   |   |   |   |   |
| TOTAL                LIABILITIES AND                STOCKHOLDERS' EQUITY                                       |   | $ | 400,960 |   |   | $ | 405,737 |   |
| (1)  Includes  available                for sale classifications.                          |   |   |   |   |   |   |   |   |

----

| WAYNE                  SAVINGS BANCSHARES,                  INC.                                   |   |
|----------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED                  STATEMENTS OF                  INCOME                                |   |
| (Dollars                  in thousands, except for                  per share data)                |   |
| (Unaudited)                                                                                        |   |
|                                                                                               |   |   |   |   |   |   |
|                                                                                               |   | Three                  Months                  Ended |   |
|                                                                                               |   | December                  31, |   |
|                                                                                               |   | 2007 |   |   | 2006 |   |
|                                                                                               |   |   |   |   |   |   |
| Interest                  income                                                                   |   | $ | 5,826 |   |   | $ | 5,679 |   |
| Interest                  expense                                                                  |   |   | 3,030 |   |   |   | 2,955 |   |
|      Net                  interest income                                 |   |   | 2,796 |   |   |   | 2,724 |   |
| Provision                  for losses on                  loans                                    |   |   | 140 |   |   |   | 10 |   |
|      Net                  interest income after provision for loan losses |   |   | 2,656 |   |   |   | 2,714 |   |
| Other                  income                                                                      |   |   | 458 |   |   |   | 433 |   |
| General,                  administrative, and other                  expense                       |   |   | 2,543 |   |   |   | 2,355 |   |
| Income  before                  federal                  income taxes                    |   |   | 571 |   |   |   | 792 |   |
| Federal                  income taxes                                                              |   |   | 125 |   |   |   | 229 |   |
|      Net                  income                                          |   | $ | 446 |   |   | $ | 563 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Earnings                  per share                                                                |   |   |   |   |   |   |   |   |
|      Basic                                                                |   | $ | 0.14 |   |   | $ | 0.18 |   |
|      Diluted                                                              |   | $ | 0.14 |   |   | $ | 0.18 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Dividends                  per share                                                               |   | $ | 0.12 |   |   | $ | 0.12 |   |

|                                                                                               |   |                                                |   |   |   |   |   |   |
|----------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                               |   |                                                |   |   |   |   |   |   |
|                                                                                               |   | Nine                  Months                  Ended |   |
|                                                                                               |   | December                  31,                       |   |
|                                                                                               |   | 2007                                                |   |   | 2006   |   |
|                                                                                               |   |                                                |   |   |   |   |   |   |
| Interest                  income                                                                   |   | $                                                   | 17,318 |   |   | $      | 16,693 |   |
| Interest                  expense                                                                  |   |                                                | 8,922  |   |   |   | 8,232  |   |
|      Net                  interest income                                 |   |                                                | 8,396  |   |   |   | 8,461  |   |
| Provision                  for losses on                  loans                                    |   |                                                | 195    |   |   |   | 70     |   |
|      Net                  interest income after provision for loan losses |   |                                                | 8,201  |   |   |   | 8,391  |   |
| Other                  income                                                                      |   |                                                | 1,375  |   |   |   | 1,290  |   |
| General,                  administrative, and other                  expense                       |   |                                                | 7,567  |   |   |   | 7,380  |   |
| Income  before                  federal                  income taxes                    |   |                                                | 2,009  |   |   |   | 2,301  |   |
| Federal                  income taxes                                                              |   |                                                | 493    |   |   |   | 661    |   |
|      Net                  income                                          |   | $                                                   | 1,516  |   |   | $      | 1,640  |   |
|                                                                                               |   |                                                |   |   |   |   |   |   |
| Earnings                  per share                                                                |   |                                                |   |   |   |   |   |   |
|      Basic                                                                |   | $                                                   | 0.49   |   |   | $      | 0.51   |   |
|      Diluted                                                              |   | $                                                   | 0.49   |   |   | $      | 0.51   |   |
|                                                                                               |   |                                                |   |   |   |   |   |   |
| Dividends                  per share                                                               |   | $                                                   | 0.36   |   |   | $      | 0.36   |   |

----

| WAYNE                  SAVINGS BANCSHARES,                  INC.                            |   |
|---------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED                  FINANCIAL                  HIGHLIGHTS                         |   |
| (Dollars                  in thousands, except per                  share data - unaudited) |   |
|                                                                                        |   |   |   |   |   |   |
|                                                                                        |   | For                  the Three                  Months |   |
|                                                                                        |   | ended                  December                  31, |   |
|                                                                                        |   |   |   |   |   |   |
|                                                                                        |   | 2007 |   |   | 2006 |   |
|                                                                                        |   |   |   |   |   |   |
| Quarterly                  Results                                                          |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |
| Net                  Interest Income                                                        |   | $ | 2,796 |   |   | $ | 2,724 |   |
| Net                  Income                                                                 |   | $ | 446 |   |   | $ | 563 |   |
| Earnings                  Per Share:                                                        |   |   |   |   |   |   |   |   |
|    Basic                                                                     |   | $ | 0.14 |   |   | $ | 0.18 |   |
|    Diluted                                                                   |   | $ | 0.14 |   |   | $ | 0.18 |   |
| Average                  Assets                                                             |   | $ | 400,932 |   |   | $ | 403,630 |   |
| Average                  Equity                                                             |   | $ | 34,717 |   |   | $ | 35,515 |   |
| Return                  on Average Assets                  (Annualized)                     |   |   | 0.44 | % |   |   | 0.56 | % |
| Return                  on Average Equity                  (Annualized)                     |   |   | 5.14 | % |   |   | 6.34 | % |

|                                                                    |   |                                                  |    |   |   |   |    |   |
|-------------------------------------------------------------------------|--------|-------------------------------------------------------|---------|--------|--------|--------|---------|--------|
|                                                                    |   | For                  the Nine                  Months |    |
|                                                                    |   | ended                  December                  31,  |    |
|                                                                    |   |                                                  |    |   |   |   |    |   |
|                                                                    |   | 2007                                                  |    |   | 2006   |   |
|                                                                    |   |                                                  |    |   |   |   |    |   |
| Nine                  Month Results                                     |   |                                                  |    |   |   |   |    |   |
|                                                                    |   |                                                  |    |   |   |   |    |   |
| Net                  Interest Income                                    |   | $                                                     | 8,396   |   |   | $      | 8,461   |   |
| Net                  Income                                             |   | $                                                     | 1,516   |   |   | $      | 1,640   |   |
| Earnings                  Per Share:                                    |   |                                                  |    |   |   |   |    |   |
|    Basic                                                 |   | $                                                     | 0.49    |   |   | $      | 0.51    |   |
|    Diluted                                               |   | $                                                     | 0.49    |   |   | $      | 0.51    |   |
| Average                  Assets                                         |   | $                                                     | 397,528 |   |   | $      | 400,764 |   |
| Average                  Equity                                         |   | $                                                     | 34,329  |   |   | $      | 35,659  |   |
| Return                  on Average Assets                  (Annualized) |   |                                                  | 0.51    | %      |   |   | 0.55    | %      |
| Return                  on Average Equity                  (Annualized) |   |                                                  | 5.89    | %      |   |   | 6.13    | %      |

|                                                                   |   |                          |      |   |                       |   |      |   |
|------------------------------------------------------------------------|--------|-------------------------------|-----------|--------|----------------------------|--------|-----------|--------|
|                                                                   |   |                          |      |   |                       |   |      |   |
|                                                                   |   | December                  31, |      |   | March                  31, |   |
|                                                                   |   | 2007                          |      |   | 2007                       |   |
|                                                                   |   |                          |      |   |                       |   |      |   |
| End                  of                  Period Data                   |   |                          |      |   |                       |   |      |   |
|                                                                   |   |                          |      |   |                       |   |      |   |
| Total                  Assets                                          |   | $                             | 400,960   |   |                       | $      | 405,737   |   |
| Stockholders'                  Equity                                  |   | $                             | 34,651    |   |                       | $      | 34,433    |   |
| Stockholders'                  Equity to Total                  Assets |   |                          | 8.64      | %      |                       |   | 8.49      | %      |
| Shares                  Outstanding                                    |   |                          | 3,125,006 |   |                       |   | 3,194,109 |   |
| Book                  Value Per Share                                  |   | $                             | 11.09     |   |                       | $      | 10.78     |   |