** **

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**UNITED STATES SECURITIES AND EXCHANGECOMMISSIONWashington, D.C.  20549**

### FORM 10-QSB

 X    QUARTERLY REPORTUNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                                    Forthe quarterly period ended June 30, 2005

__    TRANSITIONREPORT UNDER SECTION 13 OR 15(D) ON THE EXCHANGE ACT

####                                     For the transition period from_______________ to _______________          

**Commission file number      0-5559     **

**FIRST FINANCIAL CORPORATION**(Exactname of small business issuer as specified in its charter)

|                  Texas                 |            74-1502313                                                                 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  (State or other jurisdiction of  incorporation or organization)                                                                                                                             | (I.R.S. EmployerIdentification 			No.)                                                                                                                                               |
|                                                                                                                                                                                                   |                                                                                                                                                                                 |
|                                                                                                                                                 |                                                                                                                                                                                 |
|     800 Washington Avenue, Waco, Texas        (Address of principal executive offices)                                                          |              76701              			(Zip Code) |

Issuer's telephone number       (254) 757-2424                    

Number of shares of theIssuer's Common stock outstanding on July 31, 2005 was 173,528.

Transitional SmallBusiness Disclosure Format (check one)            Yes ____         No_X__

            

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FORM 10-QSB

FIRST FINANCIAL CORPORATIONJUNE 30, 2005

 

INDEX

| Part I FinancialInformation  |                                           | Page No.                               |
|-----------------------------------|------------------------------------------------|----------------------------------------|
|                              |                                           |                                   |
|                              | Item 1. Financial Statements                   |                                   |
|                              |                                           |                                   |
|                              |                                           | Consolidated Balance Sheet as of       | 1 |
|                              |                                           | June 30, 2005                     |   |
|                              |                                           |                                   |   |
|                              |                                           | Consolidated Statements of Income      | 2 |
|                              |                                           | for the Six-Months ended               |   |
|                              |                                           | June 30, 2005 and 2004                 |   |
|                              |                                           |                                   |   |
|                              |                                           | Consolidated Statements of Cash        | 3 |
|                              |                                           | Flow for the Six-Months                |   |
|                              |                                           | ended June 30, 2005 and 2004           |   |
|                              |                                           |                                   |   |
|                              |                                           | Notes to Consolidated Financial        | 4-5 |
|                              |                                           | Statements                             |   |
|                              |                                           |                                   |   |
|                              | Item 2. Management's Discussion and			Analysis | 5-8                                    |
|                              |                                           | of Results of Operations and Financial |   |
|                              |                                           | Condition                              |   |
|                              |                                           |                                   |   |
|                              | Item 3. Controls and Procedures                | 8                                      |
|                              |                                           |                                   |   |
|                              |                                           |                                   |   |
| Part II Other Information         |                                           |                                   |
|                              |                                           |                                   |
|                              | Item 1. Legal Proceedings                      | 9                                      |
|                              |                                           |                                   |
|                                   | Item 5. Other Information                      | 9                                      |
|                              |                                           |                                   |
|                              | Item 6. Exhibits and Reports on Form           |                                   |
|                              |                                           | 8-K                                    | 9 |

|   |
|--------|

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               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|  First Financial Corporation
Consolidated Balance Sheet
 June 30, 2005
 (Unaudited)
Assets  
Cash and cash equivalents
 $
1,681,549  
Restricted cash
-    
Accounts receivable, net of			allowance for doubtful
 accounts of $90,617
730,533  
Marketable investment securities
285,762  
Restricted marketable investment			securities
-    
Real estate held for			investment,at cost
553,836  
Mortgage loans 
16,315,260  
Property and equipment
1,515,003  Other assets			 			   
1,058,461             
    Total Assets
 $
22,140,404      Liabilities and Stockholders' Equity			      			 			   			 			 
Notes on line of credit
 $
15,903,938  
Note payable
955,697  
Accounts payable
669,404  
Estimated reserve for			indemnifications and early payment default losses
2,410,356  
Estimated reserve for losses			under servicing agreements
234,595  
Estimated reserve for losses			under insurance policies
-    
Other liabilities
553,022        
    Total			Liabilities
20,727,012     			 			    
Stockholders' equity:
 Common stock - no par value;			authorized
    500,000			shares;issued 183,750 shares,
    of which			10,222 shares are held in
    treasury			shares
1,000  
 Additional paid-in capital
518,702  
 Retained earnings
910,971  
 Accumulated other comprehensive			income:
    Unrealized			gain (loss) on marketable securities, net of tax
18,028  			   
1,448,701  
 Less:Treasury stock - at cost
(35,309)			 			 			   
    Total			Stockholders' Equity
1,413,392   			 			   
    Total			Liabilities and Stockholders' Equity
 $
22,140,404      
See accompanying notes to			consolidated financial statements.
-1-

First Financial Corporation
Consolidated Statements            of Income 
Three months and Six months            ended June 30, 2005 and 2004
 (Unaudited)
     			Three months ended
        			Six months ended
June 30,
June 30,
2005
2004
2005
2004
Revenues:
 Loan administration
 $
1,228,980  
 $
1,354,713  
 $
2,313,504  
 $
2,721,051  
 Interest income
304,079  
356,413  
651,037  
629,486  
 Other income
216,866  
275,612  
548,604  
680,046  
     Total			Revenues
1,749,925  
1,986,738  
3,513,145  
4,030,583  
Expenses:
  Salaries and related expenses
1,190,021  
1,220,365  
2,329,344  
2,497,895  
  Interest expense
279,689  
272,124  
592,167  
483,342  
  Other operating expenses
1,497,447  
805,189  
2,301,288  
1,654,466  
     Total			Expenses
2,967,157  
2,297,678  
5,222,799  
4,635,703  
     Income			(loss) before income taxes,
(1,217,232)
(310,940)
(1,709,654)
(605,120)
Federal income taxes
-    
-    
-    
-    
     Net			income (loss)
(1,217,232)
(310,940)
(1,709,654)
(605,120)
Other comprehensive income:
 Unrealized holding gains			(losses)
(6,068)
(25,590)
(20,395)
(11,639)
    			Comprehensive income (loss) 
 $
(1,223,300)
 $
(336,530)
 $
(1,730,049)
 $
(616,759)
Income Per Common Share
($7.05)
($1.94)
($9.97)
($3.55)
See accompanying notes to			consolidated financial statements.
-2-

First Financial Corporation
              Consolidated Statement of Cash Flows
(Unaudited)
 Six Months Ended June 30,
2005
2004
Cash flows from operating			activities:
   Net income (loss)
($1,709,654)
($605,120)
   Adjustments to			reconcile net income(loss) to
    net cash used			by operating activities:
   Depreciation
195,431  
53,241  
   Provision for loan			losses 
655,008  
83,638  
   Loan and insurance			losses paid
(360,479)
(1,299,372)
   Realized (gains)			losses on marketable investment securities
(7,272)
4,463  
   Net (increase)			decrease in accounts receivable
(9,636)
1,811,120  
   Net (increase)			decrease in other assets
42,700  
(72,758)
   Net increase			(decrease) in accounts payable
21,600  
514,858  
   Net increase			(decrease) in reserve for losses under
    			insurance policies
(308,696)
-    
   Net increase			(decrease) in other liabilities
(191,310)
45,808  
   (Increase) decrease			in restricted cash used 
     in			operating activities - net
479,495  
(102,529)
   Mortgage loans			funded
(164,464,166)
(180,500,279)
   Mortgage loans sold
173,217,243  
182,776,895  
   Increase (decrease)			in mortgage loans participations sold
(1,850,227)
-    
   Other
3,822  
(31,603)  
       			Net cash provided (used) for operating activities
5,713,859  
2,678,362    
Cash flows from investing			activities:
   Proceeds from sale			of marketable investment securities
1,943,694  
33,696  
   Purchases of			marketable investment securities
(904,648)
(628,431)
   Unrealized holding			(gain) loss
(20,395)
-    
   Purchase of			property and equipment
(108,245)
(529,435)
   Principal			collections on mortgage loans
7,253  
13,213  
   (Increase) decrease			in deferred gain on sale of property & equipment
87,559  
43,780    
       			Net cash provided (used) for investing activities
1,005,218  
(1,067,178)  
Cash flows from financing			activities:
   Net change in short			term borrowings
(6,712,993)
(2,261,985)  
       			Net cash used for financing activities
(6,712,993)
(2,261,985)  
Net increase (decrease) in cash			and cash equivalents
6,084  
(650,802)
Cash and cash equivalents at			beginning of year
1,675,465  
2,388,739    
Cash and cash equivalents at end			of period
 $
1,681,549  
 $
1,737,937    
Supplemental Disclosure of Cash			Flow Information
   Interest Paid
 $
583,025  
 $
473,849    
See accompanying notes to			consolidated financial statements.
 
-3-

 

FIRST FINANCIALCORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATEDFINANCIAL STATEMENTS(Unaudited)

PART I - FINANCIAL INFORMATION

1 - Basis of Presentation

The financial informationincluded herein for First Financial Corporation, and all of its wholly ownedsubsidiaries (the "Company") is unaudited; however, such unauditedinformation reflects all adjustments which are, in management's opinion,necessary for a fair presentation of the financial position, results ofoperations and statement of cash flows for the interim periods. In preparingthese financial statements, management is required to make estimates andassumptions that affect the reported amounts of assets and liabilities as ofthe date of the balance sheet and revenue and expense for the period. Actualresults could differ significantly from those estimates. 

The results of operationsand changes in cash flow for the six-month period ended June 30, 2005 are notnecessarily indicative of the results to be expected for the full year or anyfuture period.

Certain reclassificationswere made to prior periods to ensure comparability with the current period.

2 - Earnings Per Share

Earnings per common sharewere computed by dividing net income by the weighted average number of sharesoutstanding during the period. 

3 - Income Taxes

Income taxes are providedfor the tax effects of transactions reported in the financial statements andconsist of taxes currently due plus deferred taxes related primarily todifferences between the basis of the loan loss reserve for financial and incometax reporting.  The deferred tax assets and liabilities represent the futuretax return consequences of those differences, which will either be taxable ordeductible when the assets and liabilities are recovered or settled.  Deferredtaxes also are recognized for operating losses that are available to offsetfuture taxable income and tax credits that are available to offset futurefederal income taxes.  The Company has approximately $6.8 million in availablenet operating loss carryforward benefits for financial statement purposes tooffset future income, if any. A valuation allowance has been provided for alltax benefits.

4

4 - Contingencies

Substantially all of theconventional pools of manufactured home loans serviced by the Company, approximately$274,000 at June 30, 2005, were sold to investors with recourse.  The recourseprovisions typically require the Company to repurchase delinquent loans at theunpaid balances plus accrued interest, or replace delinquent loans with anotherloan which is current.  

5 - Subsequent Event

OnAugust 9, 2005, FPMC received delivery of a Workout and Forbearance Agreement(Agreement) with CitiMortgage, Inc. (CMI), effective as of June 20, 2005,related to indemnity obligations under a Loan Purchase Agreement in which FPMCwas obligated to repurchase an aggregate of 6,618,793 in Loans from CMI.  Theterms of the Agreement include the following:
-  A     third party purchased a portfolio of Active Non-defaulted loans from CMI,     and paid to CMI on behalf of FPMC the sum of $2,221,859.FPMC     will make installment payments to CMI totalling $1,666,300 representing     the total of Liquidated Loans and an initial payment of $254,544.The     remaining $2,476,090 represents a portfolio of Active Defaulted loans, the     servicing of which will be retained by CMI.  When losses occur, they will     be added to the aforementioned installment payments.
Theaffect of this transaction on the Company's Reserve for Indemnification andEarly Payment Default Losses (Reserve) is as follows:
-  As     of 6/30/05, before accounting for the Workout and Forbearance Agreement,     the Reserve was $1,785,356. The     net present value of the of the non-interest bearing installment payments     to CMI, imputing a rate of 6.25% over the term of the loan is $1,463,099.     This amount plus the $254,544 initial payment reduces the reserve to     approximately $67,713.
Recognizing the potential for additional lossesto CMI under the Agreement as well as contingent liabilities to other mortgagecompanies related to indemnifications on the sale of mortgage loans, theCompany has made a reduction to earnings and increased the Reserve by $625,000as of June 30, 2005; therefore, increasing the Reserve to $2,410,356.00 as ofthat date.

Item 2. Management'sDiscussion and Analysis of Results of Operations and Financial Condition

 

5
Results of Operations
The Company had a net lossof $(1,709,654) for the six months ended June 30, 2005 compared to net loss of$(605,120) for the same period in 2004.  Loan administration revenues were$2,313,504 for the first six months of 2005 compared to $2,721,051 for the sameperiod of  2004.  The decrease in loan administration revenues is the result ofdecreased retail loan origination fees from the Company's residential mortgageloan operations. During the six months ended June 30, 2005, FPMC fundedapproximately $30.7 million in retail residential mortgage loans andapproximately $133.8 million in wholesale loans compared to approximately $44.5million and $136.0 million, respectively during the same period in 2004. Inaddition, the revenues from the sale of the mortgage loans to governmental andprivate investors decreased by approximately $166,000 for the six months endedJune 30, 2005 compared to the same period in 2004. This decrease is due to anapproximately 11% reduction in the net margins realized on the sale of thesemortgage loans during the six months ended June 30, 2005 compared with the sameperiod in 2004. In addition, the amount on loans sold during the perioddecreased by $9.1 million from the same period in 2004. 

Interest income for thesix months ended June 30, 2005 amounted to $651,037 compared to $629,486 forthe same period in 2004. During this period, the interest income earned onmortgages held-for-sale increased by approximately $26,000 from the same periodin 2004 primarily due to increasing mortgage loan interest rates during theseperiods. FPMC earns interest from the date the mortgage loan is closed untilthe date the mortgage loan is sold to investors.

Other income for the sixmonths ended June 30, 2005 amounted to $548,604 compared to $680,046 for thesame period in 2004. As more fully discussed in the Annual Report Form 10-KSBfor the year ended December 31, 2004, the Company sold First Apex Re ("FAR")effective December 29, 2004. The Company's consolidated statements of incomeinclude the revenue and expense of FAR for the period January 1, 2004 to June30, 2004. During the six months ended June 30, 2004, FAR had total insurancerevenues of approximately $146,000. In addition, the net fees earned underfronting and reinsurance agreements decreased due to a reduction in the numberof policies written and changes in commissions paid under these agreements.  

As more fully discussed inthe Annual Report Form 10-KSB for the year ended December 31, 2004, the Companysold Apex Lloyds Insurance Company ("Apex Lloyds") on March 31, 2005. TheCompany realized a gain on the sale of $73,234. The Company's consolidatedstatements of income include the revenue and expense of Apex for the period January1, 2004 to June 30, 2004. During the six months ended June 30, 2004, Apex hadtotal insurance revenues of approximately $286,000.

Salaries and relatedexpenses increased to $2,329,344 for the six months ended June 30, 2005,compared to $2,497,895 for the six months ended June 30, 2004. This decrease isprimarily due to the decrease in the volume of new retail residential mortgageloans originated during the six months ended June 30, 2005 compared to the sameperiod in 2004 as previously discussed.

6

For the six months endedJune 30, 2005, interest expense amounted to $592,167 compared to $483,342 forthe same period in 2004.  The increase in interest expense for the six monthsended June 30, 2005 is primarily the result of the increase in the weightedaverage interest rate on the Company's financing of its mortgage lendingactivities. During this period, the weighted average interest rate increased toapproximately 4.99% compared to approximately 4.38% for the same period in2004.

Operating expenses for thesix months ended June 30, 2005 were $2,301,288 compared to $1,654,466 for thesame period in 2004. This increase is primarily due to the depreciation expenseon computer software which was placed in service during the first six months of2005 and a provision for loan losses of $625,000 during the first six months of2005.

During the six monthsended June 30, 2005, the Company recorded a provision for loan losses of$655,008 compared to $83,638 for the same period in 2004. At June 30, 2005, thereserve for indemnifications and early payment default losses amounted to$2,410,356 compared to $63,273 at June 30, 2004. The Company is at risk undercertain of its agreements with private investors for credit losses and cost offoreclosure on default of the borrower. The Company has analyzed certainattributes of the mortgage loans that it has sold to investors, includingdelinquencies, credit quality, credit insurance, loss experience and insurancecoverage. Based on this review, the Company believes that its reserve forindemnifications and early payment default losses is adequate for potentialloan losses.

The Company made noprovision for losses under servicing agreements in either the six months endedJune 30, 2005 or 2004. The reserve for losses under servicing agreementsamounted to $234,595 at June 30, 2005 and 2004. Under the terms of certain ofits servicing agreements, the Company is at risk for any credit losses andcosts of foreclosure, net of credit insurance proceeds, if any, sustained ondefault of the borrower. The Company has analyzed its servicing portfoliocharacteristics, including servicing portfolio balance, loss experience,maturity and aging of the loans and the credit insurance coverage on the loans.Based on this analysis, it is the Company's belief that its reserve for lossesunder servicing agreements is adequate for potential losses attributable to theservicing agreements.

Other comprehensive incomeconsists of unrealized holding gains (losses) on marketable investmentsecurities net of income taxes. For the six months ended June 30, 2005,unrealized holding losses amounted to $(20,395) compared to unrealized holdinglosses of $(11,639) for the same period in 2004.

Financial Condition

At June 30, 2005, theCompany's total assets were $22,140,404 compared to $29,711,482 at June 30,2004.  Included in the total assets at June 30, 2004, are the total assets ofApex Lloyds and FAR amounting to $3,815,007. The decrease in the total assetsis primarily due to the reduction in the residential mortgage loan productionduring the six months ended June 30, 2005 as previously discussed. As reflectedin the financial statements, the stockholders' equity of the Company was$1,413,392 at June 30, 2005 and the stockholders' equity was $5,600,797 at June30, 2004.

7

Liquidity and Capital Resources

The Company's primarysources of liquidity are proceeds from the sale of mortgage loans, net interestincome, fees earned from originating mortgage loans and borrowings under theCompany's warehouse credit facilities. The Company's use of cash include thefunding of mortgage loans prior to their sale, payment of interest, repaymentof amounts borrowed pursuant to warehouse lines of credit, operating andgeneral and administrative expenses and capital expenditures. On consolidatedbasis, cash and cash equivalents were $1,681,549 at June 30, 2005

As more fully discussed inthe Annual Report Form 10-KSB for the year ended December 31, 2004, FPMC has amortgage warehouse line of credit with a financial institution totaling$25,000,000 which expired on June 30, 2005. This maturity date of thisagreement has been extended to August 31, 2005. This agreement includes certainfinancial covenants including requirements that FPMC maintainadjusted-tangible-net worth above $2,500,000. Also, FPMC's total liabilities toadjusted tangible net worth may never exceed 15 to 1. The obligations underthis agreement are guaranteed under an Unlimited Continuing Guaranty Agreementexecuted by David W. Mann. Management expects to renew this agreement orpossibly seek an alternate funding source for its financing of operations, andtherefore, management does not believe that this matter will have a materialadverse effect on the financial position of FPMC, however, the ability to provideadequate funding sources for its financing of operations has a direct impact onmaintaining the level of operations.

FPMC has a loanparticipation agreement in the amount of $10,000,000 with its line of creditlender. Under this agreement, the financial institution has the option topurchase an undivided interest in the residential mortgage loans originated byFPMC. When a subject mortgage loan is sold in the secondary market, thefinancial institution recoups its investment plus a specified yield on itsinvestment. At June 30, 2005, no participations were outstanding under thisagreement.

In addition, FPMC has aloan participation agreement with another financial institution, which is arelated party by common ownership, amounting to $22,500,000. Under thisagreement, the financial institution has the option to purchase an undividedinterest in the residential mortgage loans originated by FPMC. When the subjectmortgage loan is sold in the secondary market, the financial institutionrecoups its investment plus a specified yield on its investment. At June 30,2005, no participations were outstanding under this agreement.

Item 3. Controls and Procedures

As of June 30, 2005, the Company evaluated theeffectiveness of the design and operation of its disclosure controls andprocedures. The evaluation was carried out under the supervision and with theparticipation of the Company's management, including the Company's ChiefExecutive Officer and Chief Financial Officer. Based on and as of the date ofthe evaluation, the Chief Executive Officer and the Chief Financial Officerconcluded that the Company's disclosure controls and procedures are effectivein timely alerting them to material information relating to the Company,including it consolidated subsidiaries, required to be included in reports theCompany files with or submits to the Securities and Exchange Commission underthe Securities Exchange Act of 1934. There have been no significant changes inthe Company's internal controls or in other factors that could significantlyaffect the Company's internal controls subsequent to the date of theevaluation.

8

 

PART II -OTHER INFORMATION

Item 1. Legal Proceedings

The Company is involved inroutine litigation incidental to its business, both as a plaintiff and adefendant. Management of the Company, after consulting with legal counsel,feels that liability resulting from the litigation, if any, will no have amaterial effect on this financial position of the Company.

Item 5. Other Information

This report on Form 10-Q is accompanied by a statement ofthe Chief Executive Officer and the Chief Financial Officer of the registrantmaking certain certifications as to the contents hereof, as required by Section906 of the Sarbanes-Oxley Act of 2002.

Item 6. Exhibits andReports on Form 8-K

A Form 8-K with a reportdate of March 31, 2005 was filed on April 6, 2005, pertaining to the sale ofApex Lloyds Insurance Company and First Apex Re, Inc.

 

 

 

 

 

9

SIGNATURES

Pursuant to the requirementsof the Securities and Exchange Act of 1934, the registrant has duly caused thisreport to be signed on its behalf by the undersigned thereunto duly authorized.

First FinancialCorporation____________________________________________________________________________
Date                August12, 2005       
   /s/  David W.Mann                                               DavidW. MannPresidentDuly Authorized Officer and Principal Financial Officer
 
                                                                        
 
                                                                         
 
                                                                        

 

 

 

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