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


                                   FORM 10-QSB

(Mark One)

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

For the quarterly period ended               December 31, 2001
                                ----------------------------------------------

                                       OR

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____________ to _______________

Commission File Number:                    0-27916
                         ---------------------------------------

                            FFD FINANCIAL CORPORATION
------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

               Ohio                                        34-1921148
-------------------------------              ---------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)

                   321 North Wooster Avenue, Dover, Ohio 44622
------------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (330) 364-7777
------------------------------------------------------------------------------
                           (Issuer's telephone number)

------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court.

Yes [    ]                 No  [    ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: February 12, 2002 - 1,236,678 shares
of common stock, no par value

Transitional Small Business Disclosure Format (Check one):  Yes [  ]     No [X]




                               Page 1 of 16 pages

<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                                                       10


PART II - OTHER INFORMATION                                                15

SIGNATURES                                                                 16






























                                        2


<PAGE>


                            FFD Financial Corporation
<TABLE>
<CAPTION>

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)

                                                                                       December 31,            June 30,
         ASSETS                                                                                2001                2001
<S>                                                                                           <C>                   <C>
Cash and due from banks                                                                    $  3,385            $  1,316
Interest-bearing deposits in other financial institutions                                    10,422               8,024
                                                                                            -------             -------
         Cash and cash equivalents                                                           13,807               9,340

Investment securities designated as available
  for sale - at market                                                                           -                1,000
Mortgage-backed securities designated as available for
  sale - at market                                                                            1,971               7,799
Mortgage-backed securities held to maturity - at amortized cost,
  approximate market value of $2,742 and $3,804 as of
  December 31, 2001 and June 30, 2001, respectively                                           2,710               3,721
Loans receivable - net                                                                      109,016             107,227
Loans held for sale - at lower of cost or market                                              4,023                 240
Office premises and equipment - at depreciated cost                                           1,554               1,171
Stock in Federal Home Loan Bank - at cost                                                     1,842               1,786
Accrued interest receivable                                                                     363                 451
Prepaid expenses and other assets                                                               154                 205
Prepaid federal income taxes                                                                    221                 157
                                                                                            -------             -------

         Total assets                                                                      $135,661            $133,097
                                                                                            =======             =======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                                   $ 92,877            $ 91,018
Advances from the Federal Home Loan Bank                                                     25,667              24,732
Accrued interest payable                                                                         93                 147
Other liabilities                                                                               410                 397
Deferred federal income taxes                                                                   194                 199
                                                                                            -------             -------
         Total liabilities                                                                  119,241             116,493

Commitments                                                                                      -                   -

Shareholders' equity
  Preferred stock - authorized 1,000,000 shares without par
    value; no shares issued                                                                      -                   -
  Common stock - authorized 5,000,000 shares without par or
    stated value; 1,454,750 shares issued                                                        -                   -
  Additional paid-in capital                                                                  7,865               7,861
  Retained earnings - substantially restricted                                               11,436              10,962
  Accumulated comprehensive income; unrealized gains on
    securities designated as available for sale, net of related tax effects                      20                  55
  Shares acquired by stock benefit plans                                                       (688)               (852)
  Less 210,572 and 141,209 treasury shares at December 31, 2001 and
    June 30, 2001, respectively - at cost                                                    (2,213)             (1,422)
                                                                                            -------             -------
         Total shareholders' equity                                                          16,420              16,604
                                                                                            -------             -------

         Total liabilities and shareholders' equity                                        $135,661            $133,097
                                                                                            =======             =======
</TABLE>


                                        3


<PAGE>


                            FFD Financial Corporation
<TABLE>
<CAPTION>

                       CONSOLIDATED STATEMENTS OF EARNINGS

                      (In thousands, except per share data)

                                                                      For the six months            For the three months
                                                                       ended December 31,             ended December 31,
                                                                       2001         2000              2001         2000
<S>                                                                    <C>          <C>               <C>           <C>
Interest income
  Loans                                                              $3,974       $4,104            $1,935       $2,083
  Mortgage-backed securities                                            293          447               132          221
  Investment securities, interest-bearing
    deposits and other                                                  103          200                34          101
                                                                      -----        -----             -----        -----
         Total interest income                                        4,370        4,751             2,101        2,405

Interest expense
  Deposits                                                            1,781        1,919               839        1,003
  Borrowings                                                            463          904               199          433
                                                                      -----        -----             -----        -----
         Total interest expense                                       2,244        2,823             1,038        1,436
                                                                      -----        -----             -----        -----

         Net interest income                                          2,126        1,928             1,063          969

Provision for losses on loans                                            97           67                29           42
                                                                      -----        -----             -----        -----

         Net interest income after provision
           for losses on loans                                        2,029        1,861             1,034          927

Other income
  Gain on sale of mortgage-backed securities                             67           -                 67           -
  Gain on sale of loans                                                 102           23                49           30
  Other operating                                                       122           89                62           43
                                                                      -----        -----             -----        -----
         Total other income                                             291          112               178           73

General, administrative and other expense
  Employee compensation and benefits                                    570          541               293          290
  Occupancy and equipment                                               116          107                62           53
  Federal deposit insurance premiums                                      8           10                 4            4
  Franchise taxes                                                        83           98                50           43
  Data processing                                                       135          114                68           56
  Other operating                                                       374          336               225          181
                                                                      -----        -----             -----        -----
         Total general, administrative and other expense              1,286        1,206               702          627
                                                                      -----        -----            ------       ------

         Earnings before income taxes                                 1,034          767               510          373

Federal income taxes
  Current                                                               337          258               145          135
  Deferred                                                               13           (1)               27          (10)
                                                                      -----        -----             -----        -----
         Total federal income taxes                                     350          257               172          125
                                                                      -----        -----             -----        -----

         NET EARNINGS                                                $  684       $  510            $  338       $  248
                                                                      =====        =====             =====        =====

         EARNINGS PER SHARE
           Basic                                                       $.57         $.39              $.29         $.19
                                                                        ===          ===               ===          ===

           Diluted                                                     $.56         $.39              $.28         $.19
                                                                        ===          ===               ===          ===
</TABLE>

                                        4


<PAGE>


                            FFD Financial Corporation
<TABLE>
<CAPTION>

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                 (In thousands)


                                                                     For the six months             For the three months
                                                                     ended December 31,               ended December 31,
                                                                     2001           2000            2001           2000
<S>                                                                   <C>           <C>              <C>            <C>
Net earnings                                                         $684           $510            $338           $248

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities
    during the period, net of taxes (benefits) of $5
    $151, $(28) and $93 during the respective periods                   9            294             (54)           180

Reclassification adjustment for realized gains included
  in earnings, net of tax of $23 in both the six- and
  three-month periods ended December 31, 2001                         (44)            -              (44)            -
                                                                      ---            ---             ---            ---

Comprehensive income                                                 $649           $804            $240           $428
                                                                      ===            ===             ===            ===

Accumulated comprehensive income (loss)                              $ 20           $(41)           $ 20           $(41)
                                                                      ===            ===             ===            ===
</TABLE>






























                                        5



<PAGE>


                            FFD Financial Corporation
<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                      For the six months ended December 31,
                                 (In thousands)


                                                                                                 2001              2000
<S>                                                                                              <C>                <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   684           $   510
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Amortization of discounts and premiums on loans,
      investments and mortgage-backed securities - net                                             11                 7
    Gain on sale of mortgage-backed securities                                                    (67)               -
    Amortization of deferred loan origination (fees) costs                                        (22)                1
    Depreciation and amortization                                                                  55                58
    Provision for losses on loans                                                                  97                67
    Amortization expense of stock benefit plans                                                   181               175
    Gain on sale of loans                                                                         (51)               (8)
    Loans originated for sale in the secondary market                                         (13,992)           (1,678)
    Proceeds from sale of loans                                                                10,260             1,922
    Federal Home Loan Bank stock dividends                                                        (56)              (71)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable                                                                  88               (20)
      Prepaid expenses and other assets                                                            51               108
      Accrued interest payable                                                                    (54)              (20)
      Other liabilities                                                                            13               148
      Federal income taxes
        Current                                                                                   (64)              (17)
        Deferred                                                                                   13                (1)
                                                                                               ------            ------
         Net cash provided by operating activities                                             (2,853)            1,181

Cash flows provided by (used in) investing activities:
  Proceeds from maturity of investment securities                                               1,000                -
  Proceeds from sale of mortgage-backed securities designated
    as available for sale                                                                       5,107                -
  Principal repayments on mortgage-backed securities                                            1,735             1,162
  Loan principal repayments                                                                    18,678             9,945
  Loan disbursements                                                                          (20,542)          (11,479)
  Purchase of office premises and equipment                                                      (438)              (15)
                                                                                               ------            ------
         Net cash provided by (used in) investing activities                                    5,540              (387)

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                              1,859             7,338
  Proceeds from Federal Home Loan Bank advances                                                11,000                -
  Repayment of Federal Home Loan Bank advances                                                (10,065)           (5,563)
  Proceeds from exercise of stock options                                                          41                -
  Purchase of treasury shares                                                                    (845)             (423)
  Dividends on common stock                                                                      (210)             (185)
                                                                                               ------            ------
         Net cash provided by financing activities                                              1,780             1,167
                                                                                               ------            ------

Net increase in cash and cash equivalents                                                       4,467             1,961
Cash and cash equivalents at beginning of period                                                9,340             2,419
                                                                                               ------            ------

Cash and cash equivalents at end of period                                                    $13,807           $ 4,380
                                                                                               ======            ======
</TABLE>





                                        6


<PAGE>


                            FFD Financial Corporation
<TABLE>
<CAPTION>
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

                      For the six months ended December 31,
                                 (In thousands)


                                                                                                 2001              2000
<S>                                                                                              <C>                <C>
Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                                       $  409            $  280
                                                                                                =====             =====

    Interest on deposits and borrowings                                                        $2,298            $2,843
                                                                                                =====             =====

Supplemental disclosure of noncash investing activities:
  Unrealized gains (losses) on securities designated as available for
    sale, net of related tax effects                                                           $  (35)           $  294
                                                                                                =====             =====

  Recognition of mortgage servicing rights in accordance
    with SFAS No. 140                                                                          $  104            $   15
                                                                                                =====             =====

  Transfers from mortgage loans to real estate acquired through foreclosure                    $   -             $  125
                                                                                                =====             =====

  Unrealized loss on loans held for sale                                                       $   53            $   -
                                                                                                =====             =====
</TABLE>






























                                        7


<PAGE>


                            FFD Financial Corporation

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

         For the six- and three-months ended December 31, 2001 and 2000


    1.   Basis of Presentation

    The accompanying unaudited consolidated financial statements were prepared
    in accordance with instructions for Form 10-QSB 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 financial statements should be read in conjunction with
    the consolidated financial statements and notes thereto of FFD Financial
    Corporation (the "Corporation") included in the Annual Report on Form 10-KSB
    for the year ended June 30, 2001. However, in the opinion of management, all
    adjustments (consisting of only normal recurring accruals) which are
    necessary for a fair presentation of the financial statements have been
    included. The results of operations for the three-and six-month periods
    ended December 31, 2001, are not necessarily indicative of the results which
    may be expected for the entire fiscal year.

    2.   Principles of Consolidation

    The accompanying consolidated financial statements include the accounts of
    the Corporation and First Federal Community Bank (the "Bank"). All
    significant intercompany items have been eliminated.

    3.   Effects of Recent Accounting Pronouncements

    In June 2001, the Financial Accounting Standards Board (the "FASB") issued
    Statement of Financial Accounting Standards ("SFAS") No. 141 "Business
    Combinations," which requires that all business combinations initiated after
    June 30, 2001 be accounted for using the purchase method. The
    pooling-of-interests method of accounting is prohibited except for
    combinations initiated before June 30, 2001. The remaining provisions of
    SFAS No. 141 relating to business combinations accounted for by the purchase
    method, including identification of intangible assets, accounting for
    negative goodwill and financial statement presentation and disclosure, are
    effective for combinations completed after June 30, 2001. Management adopted
    SFAS No. 141 effective July 1, 2001, as required, without material effect on
    the Corporation's financial position or results of operations.

    In June 2001, the FASB issued SFAS No. 142 "Goodwill and Intangible Assets,"
    which prescribes accounting for all purchased goodwill and intangible
    assets. Pursuant to SFAS No. 142, acquired goodwill is not amortized, but is
    tested for impairment at the reporting unit level annually and whenever an
    impairment indicator arises. SFAS No. 142 is effective for fiscal years
    beginning after December 15, 2001. SFAS No. 142 is not expected to have a
    material effect on the Corporation's financial position or results of
    operations.










                                        8


<PAGE>


                            FFD Financial Corporation

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

         For the six- and three-months ended December 31, 2001 and 2000


    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 FFD Financial
    Corporation Employee Stock Ownership Plan (the "ESOP") that are unallocated
    and not committed to be released. Weighted-average common shares deemed
    outstanding, which gives effect to 65,861 unallocated ESOP shares, totaled
    1,199,527 and 1,184,830 for the six- and three-month periods ended December
    31, 2001, respectively. Weighted-average common shares deemed outstanding,
    which gives effect to 79,035 unallocated ESOP shares, totaled 1,304,084 and
    1,294,678 for the six- and three-month periods ended December 31, 2000,
    respectively.

    Diluted earnings per share is computed taking into consideration common
    shares outstanding and dilutive potential common shares to be issued under
    the Corporation's stock option plan. Weighted-average common shares deemed
    outstanding for purposes of computing diluted earnings per share totaled
    1,217,648 and 1,204,545 for the six- and three-month periods ended December
    31, 2001, and 1,304,326 and 1,294,773 for the six- and three-month periods
    ended December 31, 2000, respectively. Incremental shares related to the
    assumed exercise of stock options included in the calculation of diluted
    earnings per share totaled 18,121 and 19,715 for the six- and three-month
    periods ended December 31, 2001, and 242 and 95 for the six- and three-month
    periods ended December 31, 2000, respectively.




























                                        9


<PAGE>


                            FFD Financial Corporation

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


Discussion  of  Financial  Condition  Changes from June 30, 2001 to December 31,
2001

The Corporation's total assets at December 31, 2001, amounted to $135.7 million,
a $2.6 million, or 1.9%, increase over the total at June 30, 2001. The increase
was funded primarily by a $1.9 million increase in deposits and a $935,000
increase in advances from the Federal Home Loan Bank.

Cash and cash equivalents and investment securities totaled $13.8 million at
December 31, 2001, an increase of $3.5 million, or 33.5%, over the total at June
30, 2001. Mortgage-backed securities totaled $4.7 million at December 31, 2001,
a $6.8 million, or 59.4%, decrease from the total at June 30, 2001. This
decrease resulted primarily from sales of securities totaling $5.1 million and
principal repayments of $1.7 million. Proceeds from sales and repayments of
mortgage-backed securities were generally redeployed to fund new loan
originations.

Loans receivable, including loans held for sale, totaled $113.0 million at
December 31, 2001, an increase of $5.6 million, or 5.2% over the June 30, 2001
total. Loan disbursements during the period totaled $34.5 million, and were
partially offset by principal repayments of $18.7 million and loans sold in the
secondary market of $10.2 million. Loans secured by nonresidential real estate
and multi-family residential real estate primarily accounted for the growth in
the loan portfolio. Nonresidential real estate and multi-family residential real
estate lending is generally considered to involve a higher degree of risk than
one- to four-family residential real estate lending due to the relatively larger
loan amounts and the effects of general economic conditions on the successful
operation of income-producing properties. The Bank has endeavored to reduce such
risk by evaluating the credit history and past performance of the borrower, the
location of the real estate, the quality of the management constructing and
operating the property, the debt service ratio, the quality and characteristics
of the income stream generated by the property and appraisals supporting the
property's valuation.

The allowance for loan losses totaled $661,000 and $564,000 at December 31, 2001
and June 30, 2001, which represented .60% and .52% of total loans at those
respective dates. The Bank had no nonperforming loans at December 31, 2001.
Nonperforming loans amounted to $105,000 at June 30, 2001. Although management
believes that its allowance for loan losses at December 31, 2001, is adequate
based upon the available facts and circumstances, there can be no assurance that
additions to such allowance will not be necessary in future periods, which could
adversely affect the Corporation's results of operations.

Deposits totaled $92.9 million at December 31, 2001, a $1.9 million, or 2.0%,
increase over total deposits at June 30, 2001. The increase in deposits resulted
primarily from managements' efforts to maintain growth through marketing and
pricing strategies. FHLB advances totaled $25.7 million at December 31, 2001, a
$935,000, or 3.8%, increase over June 30, 2001.

Shareholders' equity totaled $16.4 million at December 31, 2001, a decrease of
$184,000, or 1.1%, from June 30, 2001. The decrease was due to the Corporation's
purchase of treasury shares during the period of $845,000 and dividends paid of
$210,000, which were partially offset by net earnings of $684,000. The Bank is
required to meet minimum capital standards promulgated by the Office of Thrift
Supervision ("OTS"). At December 31, 2001, the Bank's regulatory capital was
well in excess of such minimum capital requirements.




                                       10


<PAGE>


                            FFD Financial Corporation

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


Comparison  of Operating  Results for the Six-Month  Periods Ended  December 31,
2001 and 2000

General

The Corporation's net earnings totaled $684,000 for the six months ended
December 31, 2001, an increase of $174,000, or 34.1%, over the net earnings of
$510,000 recorded in the comparable period in 2000. The increase in net earnings
resulted primarily from increases of $198,000 in net interest income and
$179,000 in other income, which were partially offset by a $30,000 increase in
the provision for losses on loans, and increases of $80,000 in general,
administrative and other expense and $93,000 in the provision for federal income
taxes.

Net Interest Income

Total interest income decreased by $381,000, or 8.0%, to a total of $4.4 million
for the six months ended December 31, 2001, compared to the six-month period
ended December 31, 2000. Interest income on loans decreased by $130,000, or
3.2%, due primarily to a 69 basis point decrease in yield, which was partially
offset by an increase of $6.3 million, or 6.1%, in the average loan portfolio
balance outstanding. Interest income on mortgage-backed securities decreased by
$154,000, or 34.5%, due primarily to a decrease in the average balance
outstanding. Interest income on investment securities and interest-bearing
deposits decreased by $97,000, or 48.5%, to a total of $103,000 for the
six-month period ended December 31, 2001, due primarily to a decrease in the
average yield year to year.

Interest expense on deposits decreased by $138,000, or 7.2%, for the six months
ended December 31, 2001, compared to the same period in 2000, due primarily to
an 84 basis point decrease in the average cost of deposits, which was partially
offset by a $10.6 million, or 13.0%, increase in the average balance of deposits
outstanding year to year.

Interest expense on FHLB advances decreased by $441,000, or 48.8%, due to a $5.2
million, or 18.9%, decrease in the average balance of advances outstanding and a
240 basis point decrease in the average cost of advances year to year. The
decreases in the level of average yields on interest-earning assets and costs of
interest-bearing liabilities were due primarily to the overall decrease in
interest rates in the economy during 2001.

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $198,000, or 10.3%, for the six months ended
December 31, 2001, compared to the same period in 2000. The interest rate spread
amounted to 2.87% for the six-month period ended December 31, 2001, compared to
2.55% for the same period in 2000. The net interest margin totaled 3.30% and
3.13% for the six-month periods ended December 31, 2001 and 2000, respectively.

Provision for Losses on Loans

A provision for losses on loans is charged to earnings to bring the total
allowance for loan losses to a level considered appropriate by management based
on the Bank's historical loss experience, the volume and type of lending
conducted by the Bank, the status of past due principal and interest payments,
general economic conditions, particularly as such conditions relate to the
Bank's market area, and other factors related to the collectibility of the
Bank's loan portfolio. As a result of such analysis, management recorded a
provision for losses on loans totaling $97,000 during the six-month period ended
December 31, 2001, an increase of $30,000, or 44.8%, compared to the same period
in 2000.



                                       11


<PAGE>


                            FFD Financial Corporation

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


Comparison  of Operating  Results for the Six-Month  Periods Ended  December 31,
2001 and 2000 (continued)

Provision for Losses on Loans (continued)

The current period provision was predicated primarily upon growth in the
portfolio of loans secured by nonresidential and multi-family residential real
estate. There can be no assurance that the loan loss allowance of the Bank will
be adequate to cover losses on nonperforming assets in the future.

Other Income

Other income totaled $291,000 for the six months ended December 31, 2001, an
increase of $179,000, or 159.8%, over the 2000 total. The increase was due
primarily to a $79,000 increase in gain on sale of loans year to year, a $67,000
gain on sale of mortgage-backed securities and a $33,000, or 37.1%, increase in
other operating income. The increase in other operating income consisted
primarily of increases in ATM fees and service fees on loan and deposit accounts
year to year.

General, Administrative and Other Expense

General, administrative and other expense totaled $1.3 million for the six
months ended December 31, 2001, an increase of $80,000, or 6.6%, compared to the
same period in 2000. The increase in general, administrative and other expense
was comprised of an increase of $29,000, or 5.4%, in employee compensation and
benefits, a $9,000, or 8.4%, increase in occupancy and equipment, a $21,000, or
18.4%, increase in data processing expense and a $38,000, or 11.3%, increase in
other operating expense, which were partially offset by a $15,000, or 15.3%,
decrease in franchise taxes. The increase in employee compensation and benefits
resulted primarily from normal merit increases and the hiring of additional
staff, which were partially offset by an increase in deferred loan origination
costs year to year. The increase in data processing expense resulted primarily
from growth in loans and deposits year to year. The increase in other operating
expense was primarily attributable to increases in advertising costs and ATM and
NOW account processing expenses.

Federal Income Taxes

The Corporation recorded a provision for federal income taxes totaling $350,000
for the six months ended December 31, 2001, an increase of $93,000, or 36.2%,
over the same period in 2000. The increase resulted primarily from a $267,000,
or 34.8%, increase in earnings before taxes. The effective tax rates were 33.8%
and 33.5% for the six months ended December 31, 2001 and 2000, respectively.


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2001 and 2000

General

The Corporation's net earnings totaled $338,000 for the three months ended
December 31, 2001, an increase of $90,000, or 36.3%, over the net earnings of
$248,000 recorded in the comparable period in 2000. The increase in net earnings
resulted primarily from an increase of $94,000 in net interest income, an
increase of $105,000 in other income and a $13,000 decrease in the provision for
losses on loans, which were partially offset by increases of $75,000 in general,
administrative and other expense and $47,000 in the provision for federal income
taxes.


                                       12


<PAGE>


                            FFD Financial Corporation

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


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2001 and 2000 (continued)

Net Interest Income

Total interest income decreased by $304,000, or 12.6%, to a total of $2.1
million for the three months ended December 31, 2001, compared to the
three-month period ended December 31, 2000. Interest income on loans decreased
by $148,000, or 7.1%, due primarily to a 102 basis point decrease in yield,
which was partially offset by an increase of $6.8 million, or 6.5%, in the
average loan portfolio balance outstanding. Interest income on mortgage-backed
securities decreased by $89,000, or 40.3%, due primarily to a decrease in the
average balance outstanding. Interest income on investment securities and
interest-bearing deposits decreased by $67,000, or 66.3%, to a total of $34,000
for the three-month period ended December 31, 2001, due primarily to a decrease
in the average yield year to year.

Interest expense on deposits decreased by $164,000, or 16.4%, for the three
months ended December 31, 2001, compared to the same period in 2000, due
primarily to a 121 basis point decrease in the average cost of deposits, which
was partially offset by a $9.6 million, or 11.6%, increase in the average
deposit portfolio balance outstanding.

Interest expense on FHLB advances decreased by $234,000, or 54.0%, due to a $4.4
million, or 16.8%, decrease in the average balance of advances outstanding and a
294 basis point decrease in the average cost of advances. The decreases in the
level of average yields on interest-earning assets and average cost of
interest-bearing liabilities were due primarily to the overall decrease in
interest rates in the economy during 2001.

As a result of the foregoing changes in interest income and interest expense,
net interest income increased by $94,000, or 9.7%, for the three months ended
December 31, 2001, compared to the same period in 2000. The interest rate spread
amounted to 2.97% and 2.54%, and the net interest margin totaled 3.33% and 3.14%
for the three-month periods ended December 31, 2001 and 2000, respectively.

Provision for Losses on Loans

The Corporation recorded a provision for losses on loans totaling $29,000 during
the three-month period ended December 31, 2001, a decrease of $13,000, or 31.0%,
compared to the same period in 2000. The current quarter provision was
predicated primarily upon growth in the portfolio of loans secured by
nonresidential and multi-family residential real estate. There can be no
assurance that the loan loss allowance of the Bank will be adequate to cover
losses on nonperforming assets in the future.

Other Income

Other income totaled $178,000 for the three months ended December 31, 2001, an
increase of $105,000, or 143.8%, over the 2000 total. The increase was due to a
$67,000 gain on sale of mortgage-backed securities, a $19,000 increase in gain
on sale of loans year to year, and a $19,000, or 44.2%, increase in other
operating income. The increase in other operating income consisted primarily of
increases in ATM fees and service fees on loan and deposit accounts year to
year.




                                       13


<PAGE>


                            FFD Financial Corporation

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


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2001 and 2000 (continued)

General, Administrative and Other Expense

General, administrative and other expense totaled $702,000 for the three months
ended December 31, 2001, an increase of $75,000, or 12.0%, compared to the same
period in 2000. The increase in general, administrative and other expense
includes an increase of $9,000, or 17.0%, in occupancy and equipment, a $12,000,
or 21.4%, increase in data processing expense and a $44,000, or 24.3%, increase
in other operating expense. The increase in occupancy and equipment and data
processing expense resulted primarily from the Corporation's overall growth year
to year. The increase in other operating expense was due primarily to increases
in advertising, ATM costs and NOW account processing expense.

Federal Income Taxes

The Corporation recorded a provision for federal income taxes totaling $172,000
for the three months ended December 31, 2001, an increase of $47,000, or 37.6%,
over the same period in 2000. The increase resulted primarily from a $137,000,
or 36.7%, increase in earnings before taxes. The effective tax rates were 33.7%
and 33.5% for the three months ended December 31, 2001 and 2000, respectively.



Quantitative and Qualitative Disclosures About Market Risk

There has been no material change in the Corporation's market risk since the
Corporation's Form 10-KSB filed with the Securities and Exchange Commission for
the fiscal year ended June 30, 2001.























                                       14


<PAGE>


                            FFD Financial Corporation

                                     PART II


ITEM 1.  Legal Proceedings

                  Not applicable


ITEM 2.  Changes in Securities and Use of Proceeds

                  Not applicable


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 and Reports on Form 8-K

                  (a)      Exhibits:                          None.


                  (b)      Reports on Form 8-K:               None.




















                                       15


<PAGE>


                            FFD Financial Corporation

                                   SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                     FFD FINANCIAL CORPORATION




Date:    February 13, 2002           By:  /s/Trent Troyer
       -----------------------            ------------------------------------
                                          Trent Troyer
                                          President and Chief Executive Officer





Date:    February 13, 2002           By:  /s/Robert R. Gerber
       -----------------------            ------------------------------------
                                          Robert R. Gerber
                                          Chief Financial Officer































                                       16