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         September 30, 2004
                               --------------------------------------

                                       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)

Check whether the issuer (1) filed all reports required to be filed by Sections
13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or
for such shorter period that the issuer was required to file such reports) and
(2) has been subject to such filing requirements for the past 90 days.

Yes |X|     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: November 8, 2004 - 1,187,993 shares
of common stock, no par value

Transitional Small Business Disclosure Format (Check one): Yes |_| No |X|


                                       1
<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                                               13

SIGNATURES                                                                 15


                                       2
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)

<TABLE>
<CAPTION>
                                                                             September 30,        June 30,
         ASSETS                                                                       2004            2004
<S>                                                                              <C>             <C>
Cash and due from banks                                                          $   1,623       $   1,999
Interest-bearing deposits in other financial institutions                            7,408           8,821
                                                                                 ---------       ---------
         Cash and cash equivalents                                                   9,031          10,820

Investment securities designated as available for sale - at market                   4,505           4,402
Mortgage-backed securities designated as available for sale - at market                587             630
Mortgage-backed securities held to maturity - at amortized cost,
  approximate market value of $363 and $411 as of September 30,
  2004 and June 30, 2004, respectively                                                 352             395
Loans receivable - net                                                             117,078         114,288
Loans held for sale - at lower of cost or market                                       222             217
Office premises and equipment - at depreciated cost                                  1,994           2,028
Stock in Federal Home Loan Bank - at cost                                            2,069           2,047
Accrued interest receivable                                                            401             381
Prepaid expenses and other assets                                                      207             275
Prepaid federal income taxes                                                           287             409
                                                                                 ---------       ---------

         Total assets                                                            $ 136,733       $ 135,892
                                                                                 =========       =========

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                         $ 106,311       $ 105,446
Advances from the Federal Home Loan Bank                                            12,607          12,669
Accrued interest payable                                                                99              97
Other liabilities                                                                      637             719
Deferred federal income taxes                                                          242             223
                                                                                 ---------       ---------
         Total liabilities                                                         119,896         119,154

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                                                         7,895           7,910
  Retained earnings - restricted                                                    12,464          12,385
  Accumulated comprehensive income (loss); unrealized gains (losses) on
    securities designated as available for sale, net of related tax effects              5             (66)
  Shares acquired by stock benefit plans                                              (444)           (444)
  Less 266,757 treasury shares at each of September 30, 2004 and
    June 30, 2004, respectively - at cost                                           (3,083)         (3,047)
                                                                                 ---------       ---------
         Total shareholders' equity                                                 16,837          16,738
                                                                                 ---------       ---------

         Total liabilities and shareholders' equity                              $ 136,733       $ 135,892
                                                                                 =========       =========
</TABLE>


                                       3
<PAGE>

                            FFD Financial Corporation

                       CONSOLIDATED STATEMENTS OF EARNINGS

             For the three months ended September 30, 2004 and 2003
                      (In thousands, except per share data)

<TABLE>
<CAPTION>
                                                                      2004           2003
<S>                                                               <C>            <C>
Interest income
  Loans                                                           $  1,524       $  1,531
  Mortgage-backed securities                                            10             18
  Investment securities, interest-bearing deposits and other            78             43
                                                                  --------       --------
         Total interest income                                       1,612          1,592

Interest expense
  Deposits                                                             437            511
  Borrowings                                                           143            140
                                                                  --------       --------
         Total interest expense                                        580            651
                                                                  --------       --------

         Net interest income                                         1,032            941

Other income
  Gain on sale of loans                                                 69            158
  Other operating                                                       95             18
                                                                  --------       --------
         Total other income                                            164            176

General, administrative and other expense
  Employee compensation and benefits                                   414            358
  Occupancy and equipment                                               92             91
  Franchise taxes                                                       55             53
  Data processing                                                       99            117
  Loss on sale of real estate acquired through foreclosure              --              7
  Other operating                                                      227            224
                                                                  --------       --------
         Total general, administrative and other expense               887            850
                                                                  --------       --------

         Earnings before income taxes                                  309            267

Federal income taxes
  Current                                                              122             86
  Deferred                                                             (17)             5
                                                                  --------       --------
         Total federal income taxes                                    105             91
                                                                  --------       --------

         NET EARNINGS                                             $    204       $    176
                                                                  ========       ========

         EARNINGS PER SHARE
           Basic                                                  $    .18       $    .15
                                                                  ========       ========

           Diluted                                                $    .17       $    .15
                                                                  ========       ========
</TABLE>


                                       4
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

             For the three months ended September 30, 2004 and 2003
                                 (In thousands)

                                                                2004       2003

Net earnings                                                   $ 204      $ 176

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during
    the period, net of taxes (benefits) of $37 and $(1) in
    2004 and 2003, respectively                                   71         (2)
                                                               -----      -----

Comprehensive income                                           $ 275      $ 174
                                                               =====      =====

Accumulated comprehensive income                               $   5      $   6
                                                               =====      =====


                                       5
<PAGE>

                            FFD Financial Corporation

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

             For the three months ended September 30, 2004 and 2003
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                          2004            2003
<S>                                                                  <C>             <C>
Cash flows from operating activities:
  Net earnings for the period                                        $     204       $     176
  Adjustments to reconcile net earnings to net cash
  provided by (used in) operating activities:
    Amortization of deferred loan origination (fees) costs                  12               1
    Depreciation and amortization                                           46              47
    (Gain) loss on sale of mortgage loans                                  (18)              8
    Loans originated for sale in the secondary market                   (2,041)        (16,304)
    Proceeds from sale of loans in the secondary market                  2,054          17,867
    Proceeds from sale of loans to other financial institutions            238
    Loss on sale of real estate acquired through foreclosure                --               7
    Federal Home Loan Bank stock dividends                                 (22)            (20)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable                                          (20)             47
      Prepaid expenses and other assets                                     68             128
      Accrued interest payable                                               2              (4)
      Other liabilities                                                    (82)           (483)
      Federal income taxes
        Current                                                            122              25
        Deferred                                                           (17)              5
                                                                     ---------       ---------
         Net cash provided by  operating activities                        546           1,500

Cash flows provided by (used in) investing activities:
  Purchase of investment securities                                         --          (1,500)
  Proceeds from maturity of investment securities                           --           1,500
  Principal repayments on mortgage-backed securities                        90             124
  Loan principal repayments                                              9,199           9,164
  Loan disbursements                                                   (12,239)         (9,837)
  Purchase of office premises and equipment                                (12)            (21)
                                                                     ---------       ---------
         Net cash used in investing activities                          (2,962)           (570)

Cash flows provided by (used in) financing activities:
  Net increase (decrease) in deposit accounts                              865          (1,005)
  Repayment of Federal Home Loan Bank advances                          (1,062)            (29)
  Proceeds from Federal Home Loan Bank advances                          1,000           1,525
  Proceeds from exercise of stock options                                   81              --
  Dividends on common stock                                               (125)           (121)
  Purchase of treasury stock                                              (132)             --
                                                                     ---------       ---------
         Net cash provided by financing activities                         627             370
                                                                     ---------       ---------

Net increase (decrease) in cash and cash equivalents                    (1,789)          1,300

Cash and cash equivalents at beginning of period                        10,820          12,243
                                                                     ---------       ---------

Cash and cash equivalents at end of period                           $   9,031       $  13,543
                                                                     =========       =========
</TABLE>


                                       6
<PAGE>

                            FFD Financial Corporation

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

             For the three months ended September 30, 2004 and 2003
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                        2004       2003
<S>                                                                    <C>        <C>
Supplemental disclosure of cash flow information:
  Cash paid during the period for:
    Federal income taxes                                               $  --      $  61
                                                                       =====      =====

    Interest on deposits and borrowings                                $ 578      $ 655
                                                                       =====      =====

Supplemental disclosure of noncash investing activities:
  Unrealized gains (losses) on securities designated as available
    for sale, net of related tax effects                               $  71      $  (2)
                                                                       =====      =====

  Recognition of mortgage servicing rights in accordance
    with SFAS No. 140                                                  $  51      $ 166
                                                                       =====      =====

Issuance of mortgage loan upon sale of real estate
  acquired through foreclosure                                         $  --      $ 154
                                                                       =====      =====
</TABLE>


                                       7
<PAGE>

                            FFD Financial Corporation

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the three-month periods ended September 30, 2004 and 2003

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,  2004.  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-month  period  ended  September  30,  2004,  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 39,513 and 52,687  unallocated  ESOP  shares for the  three-month
periods ended September 30, 2004 and 2003,  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:

                                                             2004           2003

      Weighted-average common shares
        outstanding (basic)                             1,148,959      1,160,310
      Dilutive effect of assumed exercise
        of stock options                                   25,573         39,213
                                                        ---------      ---------
      Weighted-average common shares
        outstanding (diluted)                           1,174,532      1,199,523
                                                        =========      =========


                                       8
<PAGE>

                            FFD Financial Corporation

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

         For the three-month periods ended September 30, 2004 and 2003

4. Stock Option Plan
   -----------------

The FFD Financial  Corporation 1996 Stock Option and Incentive Plan (the "Plan")
that  provided for the  issuance of 169,838  shares of  authorized  but unissued
shares of common stock.

The  Corporation  accounts  for the  Plan  in  accordance  with  SFAS  No.  123,
"Accounting for  Stock-Based  Compensation,"  which contains a fair  value-based
method  for  valuing  stock-based  compensation  that  entities  may use,  which
measures  compensation  cost at the grant  date  based on the fair  value of the
award. Compensation is then recognized over the service period, which is usually
the vesting period. Alternatively,  SFAS No. 123 permits entities to continue to
account for stock  options  and  similar  equity  instruments  under  Accounting
Principles  Board  ("APB")  Opinion  No.  25,  "Accounting  for Stock  Issued to
Employees."  Entities  that  continue  to account  for stock  options  using APB
Opinion No. 25 are  required to make pro forma  disclosures  of net earnings and
earnings per share, as if the fair value-based  method of accounting  defined in
SFAS No. 123 had been applied.

The fair value of each option  grant is estimated on the date of grant using the
modified Black-Scholes options-pricing model with the following assumptions used
for grants in fiscal 2004,  as well as 2003,  respectively:  dividend  yields of
3.0% and 2.8%; expected volatility of 38.2% and 31.6%;  risk-free interest rates
of 4.3% and 4.1% and an expected life of ten years for all grants.

A summary of the status of the  Corporation's  stock option plan as of September
30, 2004 and June 30, 2004 and 2003,  and changes  during the periods then ended
are presented below:

<TABLE>
<CAPTION>
                                              September 30,                             June 30,
                                                 2004                       2004                       2003
                                                     Weighted-                  Weighted-                  Weighted-
                                                       average                    average                    average
                                                      exercise                   exercise                   exercise
                                           Shares        price        Shares        price        Shares        price
<S>                                        <C>          <C>          <C>           <C>          <C>           <C>
Outstanding at beginning of period         89,998       $ 9.84       115,183       $ 9.47       104,385       $ 9.25
Granted                                        --           --         4,500        14.87        14,920        10.94
Exercised                                  (8,945)        9.14       (28,365)        9.15        (4,122)        9.17
Forfeited                                      --           --        (1,320)        9.54            --           --
                                         --------       ------      --------       ------      --------       ------

Outstanding at end of period               81,053       $ 9.92        89,998       $ 9.84       115,183       $ 9.47
                                         ========       ======      ========       ======      ========       ======

Options exercisable at period-end          59,810       $ 9.36        68,755       $ 9.33        91,809       $ 9.22
                                         ========       ======      ========       ======      ========       ======
Weighted-average fair value of
  options granted during the period                        N/A                     $ 4.36                     $ 3.92
                                                        ======                     ======                     ======
</TABLE>

The following information applies to options outstanding at September 30, 2004:

Number outstanding                                                       65,776
Range of exercise prices                                           $8.38-$10.10
Number outstanding                                                       15,277
Range of exercise prices                                          $11.17-$14.88

Weighted-average exercise price                                           $9.92
Weighted-average remaining contractual life in years                  4.4 years


                                       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, 2004 to September 30,
-----------------------------------------------------------------------------
2004
----

The  Corporation's  total  assets at  September  30,  2004,  amounted  to $136.7
million, a $841,000, or 0.6%, increase over the total at June 30, 2004.

Cash and cash equivalents totaled $9.0 million at September 30, 2004, a decrease
of $1.8  million,  or 16.5%,  from the total at June 30, 2004,  as liquid assets
were used to fund loan originations.  Investment securities totaled $4.5 million
at September 30, 2004, a $103,000, or 2.3 %, increase over the total at June 30,
2004.  Mortgage-backed  securities  totaled  $939,000 at  September  30, 2004, a
$86,000 or 8.4%,  decrease compared to the total at June 30, 2004,which resulted
primarily from principal repayments totaling $90,000.

Loans  receivable,  including  loans held for sale,  totaled  $117.3  million at
September 30, 2004, an increase of $2.8 million, or 2.4%, from the June 30, 2004
total.  Loan  disbursements  during  the  period  totaling  $14.3  million  were
partially  offset by principal  repayments  of $9.2  million,  loans sold in the
secondary market of $2.1 million and loans sold to other financial  institutions
of $238,000.  During the  three-month  period  ended  September  30, 2004,  loan
originations  were comprised of $7.5 million of one- to four-family  residential
real  estate  loans,   $1.1  million  of  commercial   loans,  $4.8  million  of
nonresidential  real estate loans,  $100,000 of  multi-family  residential  real
estate  loans and  $788,000  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  $779,000 at September 30, 2004, and June
30, 2004 and represented .67% of total loans at each of those respective  dates.
The Bank's impaired and  nonperforming  loans totaled  $780,000 at September 30,
2004,  an .8% increase  from the June 30, 2004 total of $774,000.  Approximately
$300,000  of specific  reserves  have been  allocated  to certain  impaired  and
nonperforming  loans.  Although  management believes that the allowance for loan
losses at September  30, 2004, 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  $106.3  million at September 30, 2004,  an $865,000,  or .8%,
increase  from total  deposits at June 30, 2004.  FHLB  advances  totaled  $12.6
million at September  30, 2004, a $62,000,  or .5%,  decrease  from the June 30,
2004 total.

Shareholders' equity totaled $16.8 million at September 30, 2004, an increase of
$99,000,  or .6%,  over June 30, 2004.  The  increase  was due  primarily to net
earnings of $204,000, proceeds from the exercise of stock options of $81,000 and
unrealized gain on securities designated as available for sale of $71,000, which
were  partially  offset by dividends  paid of $125,000 and share  repurchases of
$132,000.  The Bank is required to meet minimum capital standards promulgated by
the Office of Thrift Supervision  ("OTS"), and at September 30, 2004, the Bank's
regulatory capital exceeded 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 Three-Month Periods Ended September 30,
-------------------------------------------------------------------------------
2004 and 2003
-------------

General
-------

The  Corporation's  net  earnings  totaled  $204,000  for the three months ended
September 30, 2004, an increase of $28,000,  or 15.9%,  from the net earnings of
$176,000 recorded in the comparable period in 2003. The increase in net earnings
resulted  from an increase in net  interest  income  $91,000,  or 9.7% which was
partially  offset by a  decrease  of  $12,000  in other  operating  income,  and
increases of $37,000 in general administrative and other expenses and $14,000 in
the provision for federal income taxes.

Net Interest Income
-------------------

Total interest income increased by $20,000,  or 1.3%, to a total of $1.6 million
for the three months  ended  September  30,  2004,  compared to the three months
ended September 30, 2003.  Interest income on loans decreased by $7,000, or .5%,
due  primarily  to a four basis  point  decrease in yield,  which was  partially
offset by an  increase  of  $402,000 , or .4%,  in the  average  loan  portfolio
balance outstanding.  Interest income on mortgage-backed securities decreased by
$8,000, or 44.4%, due primarily to a $443,000, or 31.2%, decrease in the average
balance   outstanding.    Interest   income   on   investment   securities   and
interest-bearing  deposits increased by $35,000, or 81.4%, to a total of $78,000
for the three months ended  September 30, 2004, due primarily to a $566,000,  or
4.56%,  increase  in the  average  balance  outstanding  and a 102  basis  point
increase in yield year to year.

Total interest  expense  decreased by $71,000,  or 10.9%, to a total of $580,000
for the three months ended September 30,2004, compared to the three months ended
September 30, 2003. Interest expense on deposits decreased by $74,000, or 14.5%,
for the three months ended  September 30, 2004,  compared to the same quarter in
2003,  due  primarily  to a 31  basis  point  decrease  in the  average  cost of
deposits,  to 1.45% for the 2004 quarter,  which was partially  offset by a $1.7
million, or 1.7%, increase in the average balance of deposits outstanding period
to period.  Interest expense on FHLB advances  increased by $3,000, or 2.1%, due
to a 44  basis  point  increase  in the  average  cost of  advances,  which  was
partially offset by a $1.0 million, or 7.35%, decrease in the average balance of
advances outstanding.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest  income  increased by $91,000,  or 9.7%, for the three months ended
September  30,  2004,  compared to the same period in 2003.  The  interest  rate
spread  amounted to 3.01% and 2.72%,  and the net interest  margin totaled 3.18%
and  2.91%  for the  three-month  periods  ended  September  30,  2004 and 2003,
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 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.
Based  upon  management's  analysis  of  the  allowance  for  loan  losses,  the
Corporation  did not record a  provision  for  losses on loans  during the three
months ended September 30, 2004, or for the same period in 2003. There can be no
assurance  that the loan loss  allowance  will be  adequate  to cover  losses on
nonperforming assets in the future, which can adversely affect the Corporation's
results of operations.


                                       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 September 30,
-------------------------------------------------------------------------------
2004 and 2003 (continued)
-------------

Other Income
------------

Other income totaled  $164,000 for the three months ended  September 30, 2004, a
decrease of $12,000,  or 6.8%,  from the 2003 total.  The  decrease was due to a
decline  of  $89,000,  or 56.3%,  in gain on sale of loans  which was  partially
offset by an increase of $77,000 in other  operating  income quarter to quarter.
The decrease in gain on sale of loans was due primarily to the decrease in sales
volume quarter to quarter.  The decrease in sales volume is  attributable to the
decline in the number of  refinancings  from the comparable  period in 2003. The
increase in other operating income  consisted  primarily of increases in service
fees  on  loans  sold,  which  were  partially  offset  by an  increase  in  the
amortization of mortgage servicing rights.

General, Administrative and Other Expense
-----------------------------------------

General,  administrative and other expense totaled $887,000 for the three months
ended September 30, 2004, an increase of $37,000,  or 4.4%, compared to the same
period in 2003.  The  increase  in  general,  administrative  and other  expense
includes increases of $56,000, or 15.6%, in employee  compensation and benefits,
$3,000,  or 1.3%, in other operating and $2,000, or 3.8%, in franchise tax which
were partially  offset by a decrease of $18,000,  or 15.4%,  in data  processing
expenses  and the  absence of a $7,000 in loss on real estate  acquired  through
foreclosure.  The  increase  in  employee  compensation  and  benefits  was  due
primarily to increases in employee  compensation  and a decline in deferred loan
origination  costs  related to the  reduction in the number of loans  originated
quarter to quarter.

Federal Income Taxes
--------------------

The Corporation  recorded a provision for federal income taxes totaling $105,000
for the three months ended September 30, 2004, an increase of $14,000, or 15.4%,
over the same period in 2003. The increase resulted primarily from a $42,000, or
15.7%, increase in earnings before taxes. The Corporation's  effective tax rates
were 34.0% and 34.1% for the three  months  ended  September  30, 2004 and 2003,
respectively.

ITEM 3: Controls and Procedures
        -----------------------

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

As disclosed in Item 8A of the Corporation's Form 10-KSB for the year ended June
30, 2004 (the "2004  10-KSB"),  during the quarter ended September 30, 2004, and
in  preparation  of the  audit  for the year  ended  June 30,  2004,  management
identified  a weakness in the  Corporation's  internal  controls  regarding  the
reconciliation  of its  operating  account at the  Federal  Home Loan  Bank.  In
response to the weakness  identified,  during the quarter  ended  September  30,
2004,  management  took the corrective  actions set forth in Item 8A of the 2004
10-KSB.  For a more  complete  discussion  of the  weakness  and the  corrective
actions taken, please see Item 8A of the 2004 10-KSB.


                                       12
<PAGE>

                            FFD Financial Corporation

                                     PART II

ITEM 1.     Legal Proceedings
            -----------------

            Not applicable

ITEM 2.     Unrestricted Sales of Equity Securities and use of Proceeds
            -----------------------------------------------------------

            (a)   During the quarter ended September 30, 2004, the Corporation
                  issued a total of 8,945 unregistered shares upon the exercise
                  of employee and director stock options for an aggregate
                  purchase price of $95,337. The foregoing purchases and sales
                  were exempt from registration pursuant to Section 4(2) of the
                  Securities Act of 1933, as amended.

            (b)   None

            (c)

<TABLE>
<CAPTION>
                                                                                  (c)                   (d)
                                                                              Total number            Maximum
                                                                               of shares            number (or
                                                  (a)                          (or units)        approximate dollar
                                                Total             (b)         purchased as       value) of shares
                                                number          Average     part of publicly   (or units) that may
                                               of shares      price paid        announced        yet be purchased
                                              (or units)       per share        plans or          under the plans
                  Period                     purchased (1)     (or unit)      programs (2)          or programs
<S>                                               <C>            <C>              <C>                 <C>
                  July 1, 2004
                       through
                  July 31, 2004                   8,945          $14.75           8,945               50,181

                  August 1, 2004
                       through
                  August 31, 2004                    --              --              --                   --

                  September 1, 2004
                       through
                  September 30, 2004                 --              --              --                   --
                                                 ------          ------          ------               ------

                  Total                           8,945          $14.75           8,945               50,181
                                                 ======          ======          ======               ======
</TABLE>

                  ----------

                  (1)   The Corporation repurchased an aggregate of 8,945 of the
                        Corporation's  common shares  pursuant to the repurchase
                        program  that was  publicly  announced  on June 10, 2004
                        (the  "Program").  The Corporation has no other publicly
                        announced  repurchase  plans or programs and no plans or
                        programs  expired  or were  terminated  in the  reported
                        periods.

                  (2)   The  Corporation's   Board  of  Directors  approved  the
                        repurchase by the  Corporation  of up to an aggregate of
                        59,126 of the  Corporation's  common shares  pursuant to
                        the Program.  Unless earlier  terminated by the Board of
                        Directors,   the  Program   will  expire  when  we  have
                        repurchased all shares  authorized for repurchase  under
                        the Program.

ITEM 3.     Defaults Upon Senior Securities
            -------------------------------

            Not applicable


                                       13
<PAGE>

                            FFD Financial Corporation

                               PART II (CONTINUED)

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

            None

ITEM 5.     Other Information
            -----------------

            None

ITEM 6.     Exhibits
            --------

                  31.1  Chief Executive Officer certification pursuant to
                        Section 302 of the Sarbanes-Oxley Act of 2002

                  31.2  Chief Financial Officer certification pursuant to
                        Section 302 of the Sarbanes-Oxley Act of 2002

                  32.1  Chief Executive Officer certification pursuant to
                        Section 906 of the Sarbanes-Oxley Act of 2002

                  32.2  Chief Financial Officer certification pursuant to
                        Section 906 of the Sarbanes-Oxley Act of 2002


                                       14
<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: November 15, 2004                By: /s/ Trent B. Troyer
     -------------------                   -------------------------------------
                                           Trent B. Troyer
                                           President and Chief Executive Officer


Date: November 15, 2004                By: /s/ Robert R. Gerber
     -------------------                   -------------------------------------
                                           Robert R. Gerber
                                           Vice President, Treasurer and
                                           Chief Financial Officer


                                       15