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, 2002
                                ----------------------------------------------

                                       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 - 1,227,497 shares
of common stock, no par value

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






                                  PAGE 1 of 18
<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

CERTIFICATIONS                                                           17






























                                       2
<PAGE>


                            FFD Financial Corporation

<TABLE>
<CAPTION>
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)

                                                                                       December 31,            June 30,
         ASSETS                                                                                2002                2002
<S>                                                                                            <C>                 <C>
Cash and due from banks                                                                    $  1,644            $  1,490
Interest-bearing deposits in other financial institutions                                    11,745              11,726
                                                                                            -------             -------
         Cash and cash equivalents                                                           13,389              13,216

Investment securities designated as available
  for sale - at market                                                                        3,518               2,047
Mortgage-backed securities designated as available for
  sale - at market                                                                            1,085               1,551
Mortgage-backed securities held to maturity - at amortized cost,
  approximate market value of $769 and $1,648 as of
  December 31, 2002 and June 30, 2002, respectively                                             766               1,606
Loans receivable - net                                                                      107,298             106,718
Loans held for sale - at lower of cost or market                                              2,064                 337
Office premises and equipment - at depreciated cost                                           2,345               1,992
Real estate acquired through foreclosure                                                        161                  -
Stock in Federal Home Loan Bank - at cost                                                     1,929               1,885
Accrued interest receivable                                                                     386                 454
Prepaid expenses and other assets                                                               134                 288
Prepaid federal income taxes                                                                    177                 209
                                                                                            -------             -------

         Total assets                                                                      $133,252            $130,303
                                                                                            =======             =======

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                                   $101,860            $ 95,542
Advances from the Federal Home Loan Bank                                                     13,996              17,553
Accrued interest payable                                                                        108                 100
Other liabilities                                                                               351                 413
Deferred federal income taxes                                                                   165                 154
                                                                                            -------             -------
         Total liabilities                                                                  116,480             113,762

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                                                                  8,036               7,861
  Retained earnings - substantially restricted                                               11,713              11,629
  Accumulated comprehensive income; unrealized gains on
    securities designated as available for sale, net of related tax effects                      13                  19
  Shares acquired by stock benefit plans                                                       (568)               (677)
  Less 227,253 and 217,072 treasury shares at December 31, 2002 and
    June 30, 2002, respectively - at cost                                                    (2,422)             (2,291)
                                                                                            -------             -------
         Total shareholders' equity                                                          16,772              16,541
                                                                                            -------             -------

         Total liabilities and shareholders' equity                                        $133,252            $130,303
                                                                                            =======             =======
</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,
                                                                       2002         2001              2002         2001
<S>                                                                    <C>          <C>               <C>          <C>
Interest income
  Loans                                                              $3,232       $3,974            $1,603       $1,935
  Mortgage-backed securities                                             63          293                21          132
  Investment securities, interest-bearing
    deposits and other                                                  159          103                75           34
                                                                      -----        -----             -----        -----
         Total interest income                                        3,454        4,370             1,699        2,101

Interest expense
  Deposits                                                            1,296        1,781               632          839
  Borrowings                                                            307          463               146          199
                                                                      -----        -----             -----        -----
         Total interest expense                                       1,603        2,244               778        1,038
                                                                      -----        -----             -----        -----

         Net interest income                                          1,851        2,126               921        1,063

Provision for losses on loans                                            99           97                69           29
                                                                      -----        -----             -----        -----

         Net interest income after provision
           for losses on loans                                        1,752        2,029               852        1,034

Other income
  Gain on sale of mortgage-backed securities                             -            67                -            67
  Gain on sale of loans                                                 382          102               228           49
  Other operating                                                        93          122                23           62
                                                                      -----        -----             -----        -----
         Total other income                                             475          291               251          178

General, administrative and other expense
  Employee compensation and benefits                                    603          570               299          293
  Occupancy and equipment                                               174          116                80           62
  Franchise taxes                                                        90           83                47           50
  Data processing                                                       130          135                67           68
  Other operating                                                       555          382               268          229
                                                                      -----        -----             -----        -----
         Total general, administrative and other expense              1,552        1,286               761          702
                                                                      -----        -----             -----        -----

         Earnings before income taxes                                   675        1,034               342          510

Federal income taxes
  Current                                                               218          337                99          145
  Deferred                                                               14           13                20           27
                                                                      -----        -----             -----        -----
         Total federal income taxes                                     232          350               119          172
                                                                      -----        -----             -----        -----

         NET EARNINGS                                                $  443       $  684            $  223       $  338
                                                                      =====        =====             =====        =====

         EARNINGS PER SHARE
           Basic                                                       $.38         $.57              $.19         $.29
                                                                        ===          ===               ===          ===

           Diluted                                                     $.38         $.56              $.19         $.28
                                                                        ===          ===               ===          ===
</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,
                                                                     2002           2001            2002           2001
<S>                                                                  <C>            <C>              <C>           <C>

Net earnings                                                         $443           $684            $223           $338

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities
    during the period, net of taxes (benefits) of $(3),
    $5, $3 and $(28) during the respective periods                     (6)             9               6            (54)

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                                                 $437           $649            $229           $240
                                                                      ===            ===             ===            ===

Accumulated comprehensive income                                     $ 13           $ 20            $ 13           $ 20
                                                                      ===            ===             ===            ===
</TABLE>






































                                       6
<PAGE>


                            FFD Financial Corporation

<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

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


                                                                                                 2002              2001
<S>                                                                                              <C>              <C>
Cash flows from operating activities:
  Net earnings for the period                                                                 $   443           $   684
  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                                             60                11
    Gain on sale of mortgage-backed securities                                                     -                (67)
    Amortization of deferred loan origination (fees) costs                                         22               (22)
    Depreciation and amortization                                                                 100                55
    Provision for losses on loans                                                                  99                97
    Amortization expense of stock benefit plans                                                   147               181
    Gain on sale of loans                                                                        (163)              (51)
    Loans originated for sale in the secondary market                                         (20,251)          (13,992)
    Proceeds from sale of loans                                                                18,687            10,260
    Federal Home Loan Bank stock dividends                                                        (44)              (56)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable                                                                  68                88
      Prepaid expenses and other assets                                                           154                51
      Accrued interest payable                                                                      8               (54)
      Other liabilities                                                                           (62)               13
      Federal income taxes
        Current                                                                                    32               (64)
        Deferred                                                                                   14                13
                                                                                               ------            ------
         Net cash used in operating activities                                                   (686)           (2,853)

Cash flows provided by (used in) investing activities:
  Purchase of investment securities                                                            (5,510)               -
  Proceeds from maturity of investment securities                                               4,000             1,000
  Purchase of mortgage-backed securities                                                         (956)               -
  Proceeds from sale of mortgage-backed securities designated
    as available for sale                                                                          -              5,107
  Principal repayments on mortgage-backed securities                                            2,232             1,735
  Loan principal repayments                                                                    23,403            18,678
  Loan disbursements                                                                          (24,265)          (20,542)
  Purchase of office premises and equipment                                                      (453)             (438)
                                                                                               ------            ------
         Net cash provided by (used in) investing activities                                   (1,549)            5,540

Cash flows provided by (used in) financing activities:
  Net increase in deposit accounts                                                              6,318             1,859
  Proceeds from Federal Home Loan Bank advances                                                    -             11,000
  Repayment of Federal Home Loan Bank advances                                                 (3,557)          (10,065)
  Proceeds from exercise of stock options                                                          20                41
  Purchase of treasury shares                                                                    (159)             (845)
  Dividends on common stock                                                                      (214)             (210)
                                                                                               ------            ------
         Net cash provided by financing activities                                              2,408             1,780
                                                                                               ------            ------

Net increase in cash and cash equivalents                                                         173             4,467
Cash and cash equivalents at beginning of period                                               13,216             9,340
                                                                                               ------            ------

Cash and cash equivalents at end of period                                                    $13,389           $13,807
                                                                                               ======            ======
</TABLE>



                                       6
<PAGE>


                            FFD Financial Corporation

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

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


                                                                                                 2002              2001
<S>                                                                                              <C>               <C>
Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                                                       $  205            $  409
                                                                                                =====             =====

    Interest on deposits and borrowings                                                        $1,595            $2,298
                                                                                                =====             =====

Supplemental disclosure of noncash investing activities:
  Unrealized losses on securities designated as available for
    sale, net of related tax effects                                                           $   (6)           $  (35)
                                                                                                =====             =====

  Recognition of mortgage servicing rights in accordance
    with SFAS No. 140                                                                          $  219            $  104
                                                                                                =====             =====

  Transfers from mortgage loans to real estate acquired through foreclosure                    $  161            $   -
                                                                                                =====             =====

  Unrealized losses on loans held for sale                                                     $   26            $   53
                                                                                                =====             =====
</TABLE>






































                                       7
<PAGE>


                            FFD Financial Corporation

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

      For the six- and three-month periods ended December 31, 2002 and 2001


    1.   Basis of Presentation

    The accompanying unaudited consolidated financial statements were prepared
    in accordance with the 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, 2002. 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 six- and three-month periods
    ended December 31, 2002, 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.  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 give effect to 52,687 and 65,861 unallocated ESOP shares for the
    six- and three-month periods ended December 31, 2002 and 2001, respectively.
    Diluted earnings per common share include the dilutive effect of additional
    potential common shares issuable under the Corporation's stock option plan.
    The computations are as follows:
<TABLE>
<CAPTION>
                                                               For the six months ended        For the three months ended
                                                                      December 31,                     December 31,
                                                                   2002           2001              2002           2001
<S>                                                               <C>             <C>              <C>            <C>
         Weighted-average common shares
           outstanding (basic)                                1,152,006      1,199,527         1,148,072      1,184,830
         Dilutive effect of assumed exercise
           of stock options                                      24,529         18,121            21,558         19,715
                                                              ---------      ---------         ---------      ---------
         Weighted-average common shares
           outstanding (diluted)                              1,176,535      1,217,648         1,169,630      1,204,545
                                                              =========      =========         =========      =========
</TABLE>

    4.   Effects of Recent Accounting Pronouncements

    In August 2001, the Financial Accounting Standards Board ("FASB") issued
    Statement of Financial Accounting Standards ("SFAS") No. 144, "Accounting
    for the Impairment or Disposal of Long-Lived Assets." SFAS No. 144 carries
    over the recognition and measurement provisions in SFAS No. 121, which
    requires an entity to recognize an impairment loss if the carrying value of
    a long-lived asset or asset group (a) is not recoverable and (b) exceeds its
    fair value. Similar to SFAS No. 121, SFAS No. 144 requires an entity to test
    an asset or asset group for impairment whenever events or changes in
    circumstances indicate that its carrying amount may not be recoverable. SFAS
    No. 144 differs from SFAS No. 121 in that it provides guidance on estimating
    future cash flows to test recoverability. SFAS No. 144 is effective for
    financial statements issued for fiscal years beginning after December 15,
    2001 and interim periods within those fiscal years. Management adopted SFAS
    No. 144 effective July 1, 2002, without material effect on the Corporation's
    financial condition or results of operations.



                                       8
<PAGE>


                            FFD Financial Corporation

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

      For the six- and three-month periods ended December 31, 2002 and 2001


    4.   Effects of Recent Accounting Pronouncements (continued)

    In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
    with Exit or Disposal Activities." SFAS No. 146 provides financial
    accounting and reporting guidance for costs associated with exit or disposal
    activities, including one-time termination benefits, contract termination
    costs other than for a capital lease, and costs to consolidate facilities or
    relocate employees. SFAS No. 146 is effective for exit or disposal
    activities initiated after December 31, 2002. SFAS No. 146 is not expected
    to have a material effect on the Corporation's financial condition or
    results of operations.

    In October  2002,  the FASB issued SFAS No.  147,  "Accounting  for Certain
    Financial Institutions:  An Amendment of FASB Statements No. 72 and 144 and
    FASB  Interpretation  No. 9," which  removes  acquisitions of  financial
    institutions from the  scope of SFAS  No. 72,  "Accounting for  Certain
    Acquisitions of Banking and Thrift  Institutions,"  except for transactions
    between mutual enterprises.  Accordingly,  the excess of the fair value of
    liabilities assumed over the fair value of tangible and intangible  assets
    acquired in a business  combination  should be recognized and accounted for
    as goodwill in accordance with SFAS No. 141,  "Business Combinations," and
    SFAS No. 142, "Goodwill and Other Intangible Assets."

    SFAS No. 147 also requires that the acquisition of a less-than-whole
    financial institution, such as a branch, be accounted for as a business
    combination if the transferred assets and activities constitute a business.
    Otherwise, the acquisition should be accounted for as the acquisition of net
    assets. SFAS No. 147 also amends the scope of SFAS No. 144, "Accounting for
    the Impairment or Disposal of Long-Lived Assets," to include long-term
    customer relationship assets of financial institutions (including mutual
    enterprises) such as depositor- and borrower-relationship intangible assets
    and credit cardholder intangible assets.

    The provisions of SFAS No. 147 related to unidentifiable intangible assets
    and the acquisition of a less-than-whole financial institution are effective
    for acquisitions for which the date of acquisition is on or after October 1,
    2002. The provisions related to impairment of long-term customer
    relationship assets are effective October 1, 2002. Transition provisions for
    previously recognized unidentifiable intangible assets are effective on
    October 1, 2002, with earlier application permitted. SFAS No. 147 is not
    expected to have a material effect on the Corporation's financial condition
    or results of operations.

    In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
    Compensation - Transition and Disclosure." SFAS No. 148 amends SFAS No. 123,
    "Accounting for Stock-Based Compensation," to provide alternative methods of
    transition for a voluntary change to the fair value based method of
    accounting for stock-based employee compensation. In addition, SFAS No. 148
    amends the disclosure requirements of SFAS No. 123 to require prominent
    disclosures in both annual and interim financial statements about the method
    of accounting used for stock-based employee compensation and the effect of
    the method used on reported results. SFAS No. 148 is effective for fiscal
    years beginning after December 15, 2002. The interim disclosure provisions
    are effective for financial reports containing financial statements for
    interim periods beginning after December 15, 2002. SFAS No. 148 is not
    expected to have a material effect on the Corporation's financial condition
    or results of operations.












                                       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, 2002 to December 31,
2002

The Corporation's total assets at December 31, 2002, amounted to $133.3 million,
a $2.9 million, or 2.3%, increase over the total at June 30, 2002.

Cash and cash equivalents totaled $13.4 million at December 31, 2002, an
increase of $173,000, or 1.3%, over the total at June 30, 2002. Investment
securities totaled $3.5 million at December 31, 2002, an increase of $1.5
million over June 30, 2002, which resulted from purchases of U.S. Government
agency securities of $5.5 million, partially offset by calls of such securities
totaling $4.0 million. Mortgage-backed securities totaled $1.9 million at
December 31, 2002, a $1.3 million, or 41.4%, decrease compared to the total at
June 30, 2002. This decrease resulted from principal repayments of $2.2 million,
which were partially offset by purchases of mortgage-backed securities totaling
$956,000.

Loans receivable, including loans held for sale, totaled $109.4 million at
December 31, 2002, an increase of $2.3 million, or 2.2%, over the June 30, 2002
total. Loan disbursements during the period totaling $44.5 million were
substantially offset by principal repayments of $23.4 million and loans sold in
the secondary market of $18.5 million. During the six-month period ended
December 31, 2002, loan originations were comprised of $29.6 million of one-to
four-family residential real estate loans, $9.3 million of commercial loans,
$3.3 million of nonresidential real estate loans, $1.3 million of multi-family
residential real estate loans and $1.0 million of consumer loans. Nonresidential
real estate, multi-family residential real estate and commercial lending are
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 and businesses. 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 operating the
property or business, the debt service ratio, the quality and characteristics of
the income stream generated by the property or business and appraisals
supporting the real estate or collateral valuation.

The allowance for loan losses totaled $812,000 at December 31, 2002, an increase
of $99,000, or 13.9%, over the June 30, 2002 balance of $713,000, and
represented .74% and .66% of total loans at those respective dates. The Bank's
nonperforming loans totaled $660,000 and $622,000 at December 31, 2002 and June
30, 2002, respectively. Nonperforming loans at December 31, 2002, were comprised
of one- to four-family residential real estate loans totaling $105,000,
nonresidential real estate loans totaling $299,000, commercial loans totaling
$250,000 and other loans totaling $6,000. Management believes that the Bank's
nonperforming loans at December 31, 2002 are adequately collateralized and no
loss is anticipated on such loans. Although management believes that its
allowance for loan losses at December 31, 2002, 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 $101.9 million at December 31, 2002, a $6.3 million, or 6.6%,
increase over total deposits at June 30, 2002. The increase in deposits was
comprised primarily of certificate of deposit accounts opened at the new
Boulevard office location. FHLB advances totaled $14.0 million at December 31,
2002, a $3.6 million, or 20.3%, decrease from the June 30, 2002 total. During
the three-month period ended December 31, 2002, management elected to prepay $
million of such advances utilizing excess liquidity and proceeds from maturities
of investment and mortgage-backed securities.








                                       10
<PAGE>


                            FFD Financial Corporation

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


Discussion of Financial Condition Changes from June 30, 2002 to December 31,
2002 (continued)

Shareholders' equity totaled $16.8 million at December 31, 2002, an increase of
$231,000, or 1.4%, over June 30, 2002. The increase was due primarily to net
earnings of $443,000 and the effects of amortization of stock benefit plans
totaling $147,000, which were partially offset by a purchase of treasury shares
totaling $159,000 and dividends paid of $214,000. The Bank is required to meet
minimum capital standards promulgated by the Office of Thrift Supervision
("OTS"), and at December 31, 2002, the Bank's regulatory capital was well in
excess of such minimum capital requirements.


Comparison of Operating  Results for the Three-Month  Periods Ended December 31,
2002 and 2001

General

The Corporation's net earnings totaled $223,000 for the three months ended
December 31, 2002, a decrease of $115,000, or 34.0%, from the net earnings of
$338,000 recorded in the comparable period in 2001. The decrease in net earnings
resulted from a decrease of $142,000 in net interest income, and increases of
$59,000 in general, administrative and other expense and $40,000 in the
provision for losses on loans, which were partially offset by an increase of
$73,000 in other income and a decrease of $53,000 in the provision for federal
income taxes.

Net Interest Income

Total interest income decreased by $402,000, or 19.1%, to a total of $1.7
million for the three months ended December 31, 2002, compared to the three
months ended December 31, 2001. Interest income on loans decreased by $332,000,
or 17.2%, due primarily to a 107 basis point decrease in yield and a decrease of
$2.5 million, or 2.2%, in the average loan portfolio balance outstanding.
Interest income on mortgage-backed securities decreased by $111,000, or 84.1%,
due primarily to a $6.5 million, or 72.1%, decrease in the average balance
outstanding and a decrease in the average yield year to year. Interest income on
investment securities and interest-bearing deposits increased by $41,000 to a
total of $75,000 for the three months ended December 31, 2002, due primarily to
an $8.8 million, or 108.4%, increase in the average balance outstanding and an
increase in the average yield year to year.

Interest expense on deposits decreased by $207,000, or 24.7%, for the three
months ended December 31, 2002, compared to the same period in 2001, due
primarily to a 109 basis point decrease in the average cost of deposits, to
2.52% for the 2002 quarter, which was partially offset by a $7.2 million, or
7.8%, increase in the average balance of deposits outstanding year to year.

Interest expense on FHLB advances decreased by $53,000, or 26.6%, due to a $7.1
million, or 32.2%, decrease in the average balance of advances outstanding,
which was partially offset by a 30 basis point increase 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 2002 and 2001.

As a result of the foregoing changes in interest income and interest expense,
net interest income decreased by $142,000, or 13.4%, for the three months ended
December 31, 2002, compared to the same period in 2001. The interest rate spread
amounted to 2.63% and 2.97%, and the net interest margin totaled 2.89% and 3.33%
for the three-month periods ended December 31, 2002 and 2001, respectively.






                                       11
<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,
2002 and 2001 (continued)

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 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.
The Corporation recorded a provision for losses on loans totaling $69,000 during
the three months ended December 31, 2002, an increase of $40,000, compared to
the same period in 2001. The current quarter provision was predicated primarily
upon growth in the portfolio of loans secured by nonresidential real estate and
consumer loans. There can be no assurance that the loan loss allowance will be
adequate to cover losses on nonperforming assets in the future.

Other Income

Other income totaled $251,000 for the three months ended December 31, 2002, an
increase of $73,000, or 41.0%, over the 2001 total. The increase was due to an
increase of $179,000 in gain on sale of loans year to year, which was partially
offset by a decrease of $39,000, or 62.9%, in other operating income and a
$67,000 gain on sale of mortgage-backed securities in the 2001 quarter. The
increase in gain on sale of loans was due primarily to a $4.7 million, or 73.8%,
increase in sales volume year to year. The decrease in other operating income
consisted primarily of an increase in the level of amortization of mortgage
servicing rights, partially offset by 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 $761,000 for the three months
ended December 31, 2002, an increase of $59,000, or 8.4%, compared to the same
period in 2001. The increase in general, administrative and other expense
includes an increase of $6,000, or 2.0%, in employee compensation and benefits,
an increase of $18,000, or 29.0%, in occupancy and equipment and a $39,000, or
17.0%, increase in other operating expense. The increase in employee
compensation and benefits was due primarily to the impact of additional staff
for the new Boulevard office which opened in July 2002 and normal merit
increases, which were partially offset by an increase in deferred loan
origination costs related to the increase in lending volume year to year. The
increase in occupancy and equipment was due primarily to depreciation and other
costs incurred in connection with the Boulevard office. The increase in other
operating expense was due primarily to increases in office supplies and other
expenses associated with the opening of the new Boulevard office.

Federal Income Taxes

The Corporation recorded a provision for federal income taxes totaling $119,000
for the three months ended December 31, 2002, a decrease of $53,000, or 30.8%,
from the same period in 2001. The decrease resulted primarily from a $168,000,
or 32.9%, decrease in earnings before taxes. The Corporation's effective tax
rates were 34.8% and 33.7% for the three months ended December 31, 2002 and
2001, respectively.









                                       12
<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,
2002 and 2001

General

The Corporation's net earnings totaled $443,000 for the six months ended
December 31, 2002, a decrease of $241,000, or 35.2%, from the net earnings of
$684,000 recorded in the comparable period in 2001. The decrease in net earnings
resulted from a decrease of $275,000 in net interest income, and increases of
$266,000 in general, administrative and other expense and $2,000 in the
provision for losses on loans, which were partially offset by an increase of
$184,000 in other income and a decrease of $118,000 in the provision for federal
income taxes.

Net Interest Income

Total interest income decreased by $916,000, or 21.0%, to a total of $3.5
million for the six months ended December 31, 2002, compared to the six months
ended December 31, 2001. Interest income on loans decreased by $742,000, or
18.7%, due primarily to a 123 basis point decrease in yield to 6.00% for the
2002 period, and a decrease of $2.2 million, or 2.0%, in the average loan
portfolio balance outstanding. Interest income on mortgage-backed securities
decreased by $230,000, or 78.5%, due primarily to a $7.9 million, or 73.7%,
decrease in the average balance outstanding and a decrease in the average yield
year to year. Interest income on investment securities and interest-bearing
deposits increased by $56,000, or 54.4%, to a total of $159,000 for the six
months ended December 31, 2002, due primarily to a $9.0 million, or 108.1%,
increase in the average balance outstanding, which was partially offset by a
decrease in the average yield year to year.

Interest expense on deposits decreased by $485,000, or 27.2%, for the six months
ended December 31, 2002, compared to the same period in 2001, due primarily to a
121 basis point decrease in the average cost of deposits, to 2.65% for the 2002
period, which was partially offset by a $5.6 million, or 6.0%, increase in the
average balance of deposits outstanding year to year.

Interest expense on FHLB advances decreased by $156,000, or 33.7%, due to a $6.6
million, or 29.3%, decrease in the average balance of advances outstanding and a
25 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 2002 and 2001.

As a result of the foregoing changes in interest income and interest expense,
net interest income decreased by $275,000, or 12.9%, for the six months ended
December 31, 2002, compared to the same period in 2001. The interest rate spread
amounted to 2.59% for the six-month period ended December 31, 2002 compared to
2.88% for the same period in 2001. The net interest margin totaled 2.90% and
3.30% for the six-month periods ended December 31, 2002 and 2001, respectively.

Provision for Losses on Loans

The Corporation recorded a provision for losses on loans totaling $99,000 during
the six months ended December 31, 2002, an increase of $2,000, or 2.1%, compared
to the same period in 2001. The current period provision was predicated
primarily upon growth in the portfolio of loans secured by nonresidential real
estate and consumer loans. There can be no assurance that the loan loss
allowance will be adequate to cover losses on nonperforming assets in the
future.









                                       13
<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,
2002 and 2001 (continued)

Other Income

Other income totaled $475,000 for the six months ended December 31, 2002, an
increase of $184,000, or 63.2%, over the 2001 total. The increase was due to a
$280,000 increase in gain on sale of loans year to year, which was partially
offset by a $67,000 gain on sale of mortgage-backed securities in the 2001
period and a decrease of $29,000, or 23.8%, in other operating income. The
increase in gain on sale of loans was due primarily to an $8.3 million, or
81.4%, increase in sales volume year to year. The decrease in other operating
income consisted primarily of a $54,000 increase in amortization of mortgage
servicing rights, which was partially offset by an increase in service fees on
loan and deposit accounts year to year.

General, Administrative and Other Expense

General, administrative and other expense totaled $1.6 million for the six
months ended December 31, 2002, an increase of $266,000, or 20.7%, compared to
the same period in 2001. The increase in general, administrative and other
expense includes increases of $33,000, or 5.8%, in employee compensation and
benefits, $58,000, or 50.0%, in occupancy and equipment and $173,000, or 45.3%,
in other operating expense. The increase in employee compensation and benefits
was due primarily to the impact of additional staff for the new Boulevard office
which opened in July 2002 and normal merit increases, which were partially
offset by a decrease in costs related to the restricted stock benefit plan and
an increase in deferred loan origination costs related to the increase in
lending volume year to year. The increase in occupancy and equipment was due
primarily to depreciation and other costs incurred in connection with the
Boulevard office. The increase in other operating expense was due primarily to
increases in advertising, office supplies and other expenses associated with the
opening of the new Boulevard office.

Federal Income Taxes

The Corporation recorded a provision for federal income taxes totaling $232,000
for the six months ended December 31, 2002, a decrease of $118,000, or 33.7%,
from the same period in 2001. The decrease resulted primarily from a $359,000,
or 34.7%, decrease in earnings before taxes. The Corporation's effective tax
rates were 34.4% and 33.8% for the six months ended December 31, 2002 and 2001,
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, 2002.

ITEM 3:  Controls and Procedures

         (a) The Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of the Corporation's disclosure controls and
procedures (as defined under Rules 13a-14 and 15d-14 of the Securities Exchange
Act of 1934, as amended) as of a date within ninety days of the filing date of
this quarterly report on Form 10-QSB. Based upon that evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that the
Corporation's disclosure controls and procedures are effective.

         (b) There were no significant changes in the Corporation's internal
controls or in any factors that could significantly affect these controls
subsequent to the date of the Chief Executive Officer and the Chief Financial
Officer's evaluation.


                                       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:

                  99.1                    Certification of Chief Executive
                                          Officer pursuant to Section 906 of
                                          the Sarbanes-Oxley Act of 2002

                  99.2                    Certification of Chief Financial
                                          Officer pursuant to Section 906 of
                                          the Sarbanes-Oxley Act of 2002

           (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 14, 2003              By:  /s/Trent B. Troyer
     ---------------------                -------------------------------------
                                          Trent B. Troyer
                                          President and Chief Executive Officer





Date: February 14, 2003              By:  /s/Robert R. Gerber
     ---------------------                -------------------------------------
                                          Robert R. Gerber
                                          Chief Financial Officer


































                                       16
<PAGE>
                                 CERTIFICATION

I, Trent B. Troyer, certify that:

1.   I have  reviewed  this  quarterly  report on Form  10-QSB of FFD  Financial
     Corporation;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          a.   Designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          b.   Evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          c.   Presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

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

          a.   All  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          b.   Any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



Date: February 14, 2003            /s/Trent B. Troyer
                                   ----------------------------------------
                                   Trent B. Troyer
                                   President and Chief Executive Officer












                                       17
<PAGE>
                                  CERTIFICATION

I, Robert R. Gerber, certify that:

1.   I have  reviewed  this  quarterly  report on Form  10-QSB of FFD  Financial
     Corporation;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

          a.   Designed such  disclosure  controls and procedures to ensure that
               material  information  relating to the registrant,  including its
               consolidated  subsidiaries,  is made known to us by others within
               those  entities,  particularly  during  the  period in which this
               quarterly report is being prepared;

          b.   Evaluated  the  effectiveness  of  the  registrant's   disclosure
               controls and  procedures as of a date within 90 days prior to the
               filing date of this quarterly report (the "Evaluation Date"); and

          c.   Presented  in this  quarterly  report our  conclusions  about the
               effectiveness of the disclosure  controls and procedures based on
               our evaluation as of the Evaluation Date;

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

          a.   All  significant  deficiencies  in the  design  or  operation  of
               internal  controls which could adversely  affect the registrant's
               ability to record,  process,  summarize and report financial data
               and have  identified for the  registrant's  auditors any material
               weaknesses in internal controls; and

          b.   Any fraud,  whether or not material,  that involves management or
               other employees who have a significant  role in the  registrant's
               internal controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



Date: February 14, 2003             /s/Robert R. Gerber
                                    -----------------------------------------
                                    Robert R. Gerber
                                    Vice President, Treasurer and
                                     Chief Financial Officer














                                       18