----

----

| x | QUARTERLY REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|----------------------------------------------------------------------------------------------------|

| For the quarterly period ended |   | March 31, 2011 |   |
|--------------------------------|--------|----------------|--------|

| o | TRANSITION  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT |
|---|----------------------------------------------------------------------------------|

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

| FFD FINANCIAL CORPORATION                              |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Ohio                                                           |   | 34-1821148                        |
|----------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (IRS Employer Identification No.) |

| 321 North Wooster Avenue, Dover, Ohio  44622                             |
|------------------------------------------------------------------------------------|
| (Address of principal executive offices) (Zip Code)                                |
|                                                                               |
| (330)  364-7777                                                          |
| (Registrant’s telephone number, including area code)                         |
|                                                                               |
|                                                                               |
| (Former name, former address and former fiscal year, if changed since last report) |

| Large accelerated filer o                                             | Accelerated filer o        |
|-----------------------------------------------------------------------|----------------------------|
|                                                                  |                       |
| Non-accelerated filer o (Do not check if a smaller reporting company) | Smaller reporting companyx |

----

----

----

----

INDEX

|       |    |                                                                                        | Page   |
|------------|---------|---------------------------------------------------------------------------------------------|--------|
|       |    |                                                                                        |   |
| PART I     | Item 1- | FINANCIAL INFORMATION                                                                       |   |
|       |    |                                                                                        |   |
|       |    | Consolidated Statements of Financial Condition                                              | 4      |
|       |    |                                                                                        |   |
|       |    | Consolidated Statements of Earnings                                                         | 5      |
|       |    |                                                                                        |   |
|       |    | Consolidated Statements of Comprehensive Income                                             | 6      |
|       |    |                                                                                        |   |
|       |    | Condensed Consolidated Statements of Cash Flows                                             | 7      |
|       |    |                                                                                        |   |
|       |    | Notes to Consolidated Financial Statements                                                  | 8      |
|       |    |                                                                                        |   |
|       | Item 2  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 21     |
|       |    |                                                                                        |   |
|       | Item 3  | Qualitative and Quantitative Disclosures about Market Risk                                  | 29     |
|       |    |                                                                                        |   |
|       | Item 4  | Controls and Procedures                                                                     | 29     |
|       |    |                                                                                        |   |
| PART II    | -       | OTHER INFORMATION                                                                           | 30     |
|       |    |                                                                                        |   |
| SIGNATURES |    | 31                                                                                          |

----

Index

FF

|                                                                                                            |   | March 31,   |    |   | June 30, |   |
|-----------------------------------------------------------------------------------------------------------------|--------|-------------|---------|--------|----------|--------|
| ASSETS                                                                                                          |   | 2011        |    |   | 2010     |   |
|                                                                                                            |   | (Unaudited) |    |   |     |   |
|                                                                                                            |   |        |    |   |     |   |
| Cash and due from financial institutions                                                                        |   | $           | 1,312   |   |     | $      | 1,138 |   |
| Interest-bearing deposits in other financial institutions, including overnight deposits                         |   |        | 14,140  |   |     |   | 7,896 |   |
| Cash and cash equivalents                                                                                       |   |        | 15,452  |   |     |   | 9,034 |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| Investment securities available for sale                                                                        |   |        | 5,819   |   |     |   | 8,040 |   |
| Mortgage-backed securities available for sale                                                                   |   |        | 203     |   |     |   | 216 |   |
| Mortgage-backed securities held to maturity, fair value of $53 at March 31, 2011 and $57 at June 30, 2010       |   |        | 52      |   |     |   | 57 |   |
| Loans receivable – net of allowance of $2,473 and $1,993                                                  |   |        | 180,474 |   |     |   | 178,837 |   |
| Loans held for sale                                                                                             |   |        | -       |   |     |   | 1,377 |   |
| Real estate owned, net                                                                                          |   |        | 86      |   |     |   | - |   |
| Premises and equipment, net                                                                                     |   |        | 3,868   |   |     |   | 3,955 |   |
| Federal Home Loan Bank of Cincinnati stock, at cost                                                             |   |        | 2,422   |   |     |   | 2,422 |   |
| Loan servicing rights                                                                                           |   |        | 749     |   |     |   | 655 |   |
| Accrued interest receivable                                                                                     |   |        | 509     |   |     |   | 556 |   |
| Prepaid expenses and other assets                                                                               |   |        | 958     |   |     |   | 1,316 |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| Total assets                                                                                                    |   | $           | 210,592 |   |     | $      | 206,465 |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                      |   |        |    |   |     |   |   |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| Deposits                                                                                                        |   |        |    |   |     |   |   |   |
| Non-interest bearing                                                                                            |   | $           | 14,283  |   |     | $      | 13,257 |   |
| Interest bearing                                                                                                |   |        | 162,150 |   |     |   | 158,082 |   |
| Total deposits                                                                                                  |   |        | 176,433 |   |     |   | 171,339 |   |
| Federal Home Loan Bank advances                                                                                 |   |        | 13,300  |   |     |   | 13,699 |   |
| Other borrowed funds                                                                                            |   |        | 630     |   |     |   | 630 |   |
| Accrued interest payable                                                                                        |   |        | 119     |   |     |   | 145 |   |
| Accrued and deferred federal income tax                                                                         |   |        | 6       |   |     |   | 170 |   |
| Other liabilities                                                                                               |   |        | 1,387   |   |     |   | 2,187 |   |
| Total liabilities                                                                                               |   |        | 191,875 |   |     |   | 188,170 |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| 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                                                                                      |   |        | 8,334   |   |     |   | 8,334 |   |
| Retained earnings                                                                                               |   |        | 16,585  |   |     |   | 16,022 |   |
| Accumulated other comprehensive income (loss), net                                                              |   |        | (118    | )      |     |   | 29 |   |
| Treasury stock, at cost (443,154 and 443,904 treasury shares at March 31, 2011 and June 30, 2010, respectively) |   |        | (6,084  | )      |     |   | (6,090 | ) |
| Total shareholders’ equity                                                                                |   |        | 18,717  |   |     |   | 18,295 |   |
|                                                                                                            |   |        |    |   |     |   |   |   |
| Total liabilities and shareholders’ equity                                                                |   | $           | 210,592 |   |     | $      | 206,465 |   |

----

Index

FF

|                                                                  |   | For the three monthsended March 31, |   |   | For the nine monthsended March 31, |   |
|-----------------------------------------------------------------------|--------|-------------------------------------|--------|--------|------------------------------------|--------|
|                                                                  |   | 2011                                |   |   | 2010                               |   |   | 2011 |   |   | 2010 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |
| Interest income                                                       |   |                                |   |   |                               |   |   |   |   |   |   |   |
| Loans, including fees                                                 |   | $                                   | 2,509  |   |                               | $      | 2,482 |   |   | $ | 7,736 |   |   | $ | 7,366 |   |
| Mortgage-backed securities                                            |   |                                | 1      |   |                               |   | 2 |   |   |   | 7 |   |   |   | 7 |   |
| Investment securities                                                 |   |                                | 35     |   |                               |   | 76 |   |   |   | 132 |   |   |   | 198 |   |
| Interest-bearing deposits and other                                   |   |                                | 30     |   |                               |   | 29 |   |   |   | 87 |   |   |   | 88 |   |
|                                                                  |   |                                | 2,575  |   |                               |   | 2,589 |   |   |   | 7,962 |   |   |   | 7,659 |   |
| Interest expense                                                      |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                              |   |                                | 542    |   |                               |   | 697 |   |   |   | 1,846 |   |   |   | 2,357 |   |
| Borrowings                                                            |   |                                | 148    |   |                               |   | 155 |   |   |   | 454 |   |   |   | 470 |   |
|                                                                  |   |                                | 690    |   |                               |   | 852 |   |   |   | 2,300 |   |   |   | 2,827 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                   |   |                                | 1,885  |   |                               |   | 1,737 |   |   |   | 5,662 |   |   |   | 4,832 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Provision for losses on loans                                         |   |                                | 120    |   |                               |   | 145 |   |   |   | 652 |   |   |   | 312 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income after provision for losses on loans               |   |                                | 1,765  |   |                               |   | 1,592 |   |   |   | 5,010 |   |   |   | 4,520 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest income                                                    |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Net gain on sale of loans                                             |   |                                | 56     |   |                               |   | 50 |   |   |   | 591 |   |   |   | 220 |   |
| Mortgage servicing revenue (loss), net of amortization and impairment |   |                                | 47     |   |                               |   | 25 |   |   |   | (18 | ) |   |   | 15 |   |
| Service charges on deposit accounts                                   |   |                                | 84     |   |                               |   | 77 |   |   |   | 264 |   |   |   | 233 |   |
| Other                                                                 |   |                                | 27     |   |                               |   | 35 |   |   |   | 85 |   |   |   | 91 |   |
|                                                                  |   |                                | 214    |   |                               |   | 187 |   |   |   | 922 |   |   |   | 559 |   |
| Noninterest expense                                                   |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Employee and director compensation and benefits                       |   |                                | 669    |   |                               |   | 614 |   |   |   | 1,938 |   |   |   | 1,841 |   |
| Occupancy and equipment                                               |   |                                | 124    |   |                               |   | 145 |   |   |   | 412 |   |   |   | 411 |   |
| Franchise taxes                                                       |   |                                | 61     |   |                               |   | 57 |   |   |   | 185 |   |   |   | 172 |   |
| FDIC insurance premiums                                               |   |                                | 76     |   |                               |   | 63 |   |   |   | 200 |   |   |   | 182 |   |
| Data processing                                                       |   |                                | 109    |   |                               |   | 101 |   |   |   | 289 |   |   |   | 287 |   |
| ATM processing                                                        |   |                                | 36     |   |                               |   | 35 |   |   |   | 108 |   |   |   | 100 |   |
| Professional and consulting fees                                      |   |                                | 72     |   |                               |   | 62 |   |   |   | 207 |   |   |   | 197 |   |
| Postage and stationery supplies                                       |   |                                | 32     |   |                               |   | 40 |   |   |   | 117 |   |   |   | 141 |   |
| Advertising                                                           |   |                                | 40     |   |                               |   | 22 |   |   |   | 130 |   |   |   | 106 |   |
| Checking account maintenance expense                                  |   |                                | 50     |   |                               |   | 60 |   |   |   | 159 |   |   |   | 175 |   |
| Loss on sale of real estate owned                                     |   |                                | -      |   |                               |   | 14 |   |   |   | - |   |   |   | 29 |   |
| Other                                                                 |   |                                | 182    |   |                               |   | 162 |   |   |   | 546 |   |   |   | 516 |   |
|                                                                  |   |                                | 1,451  |   |                               |   | 1,375 |   |   |   | 4,291 |   |   |   | 4,157 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                            |   |                                | 528    |   |                               |   | 404 |   |   |   | 1,641 |   |   |   | 922 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                    |   |                                | 180    |   |                               |   | 140 |   |   |   | 562 |   |   |   | 319 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Net Income                                                            |   | $                                   | 348    |   |                               | $      | 264 |   |   | $ | 1,079 |   |   | $ | 603 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share                                                    |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                 |   | $                                   | .34    |   |                               | $      | .26 |   |   | $ | 1.07 |   |   | $ | .60 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                                                               |   | $                                   | .34    |   |                               | $      | .26 |   |   | $ | 1.06 |   |   | $ | .59 |   |
|                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Dividends declared per share                                          |   | $                                   | .17    |   |                               | $      | .17 |   |   | $ | .51 |   |   | $ | .51 |   |

----

Index

FF

|                                                                                                                                                  |   | For the three monthsended March 31, |   |   | For the nine monthsended March 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|------------------------------------|--------|
|                                                                                                                                                  |   | 2011                                |   |   | 2010                               |   |   | 2011 |   |   | 2010 |   |
|                                                                                                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |
|                                                                                                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |
| Net income                                                                                                                                            |   | $                                   | 348    |   |                               | $      | 264 |   |   | $ | 1,079 |   |   | $ | 603 |   |
|                                                                                                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss), net of related tax effects:                                                                                        |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized holding gains (losses) on securities during the period, net of taxes (benefits) of $(8), $45, $(76) and $49, during the respective periods |   |                                | (16    | )      |                               |   | 86 |   |   |   | (147 | ) |   |   | 94 |   |
|                                                                                                                                                  |   |                                |   |   |                               |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                                                                                                                  |   | $                                   | 332    |   |                               | $      | 350 |   |   | $ | 932 |   |   | $ | 697 |   |

----

Index

FF

|                                                                   |   | 2011   |   |   | 2010   |   |
|------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                   |   |   |   |   |   |   |
| Cash flows from operating activities:                                  |   |   |   |   |   |   |
| Net cash from operating activities                                     |   | $      | 6,680  |   |   | $      | (393 | ) |
|                                                                   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                  |   |   |   |   |   |   |   |   |
| Purchase of investment securities designated as available for sale     |   |   | (8,000 | )      |   |   | (4,000 | ) |
| Proceeds from maturities/calls of investment securities designated     |   |   |   |   |   |   |   |   |
| available for sale                                                     |   |   | 6,000  |   |   |   | 2,000 |   |
| Principal repayments on mortgage-backed securities                     |   |   | 18     |   |   |   | 17 |   |
| Loan originations and payments, net                                    |   |   | (2,376 | )      |   |   | (16,688 | ) |
| Proceeds from participation loan sales to other financial institutions |   |   | -      |   |   |   | 1,000 |   |
| Additions to premises and equipment                                    |   |   | (107   | )      |   |   | (602 | ) |
| Proceeds from the sale of real estate owned                            |   |   | 18     |   |   |   | 431 |   |
| Net cash from investing activities                                     |   |   | (4,447 | )      |   |   | (17,842 | ) |
|                                                                   |   |   |   |   |   |   |   |   |
| Cash flows financing activities:                                       |   |   |   |   |   |   |   |   |
| Net change in deposits                                                 |   |   | 5,094  |   |   |   | 10,479 |   |
| Proceeds from Federal Home Loan Bank advances                          |   |   | -      |   |   |   | 1,100 |   |
| Repayments of Federal Home Loan Bank advances                          |   |   | (399   | )      |   |   | (469 | ) |
| Net change in other borrowed funds                                     |   |   | -      |   |   |   | (170 | ) |
| Proceeds from exercise of stock options                                |   |   | 6      |   |   |   | 12 |   |
| Cash dividends paid                                                    |   |   | (516   | )      |   |   | (516 | ) |
| Net cash from financing activities                                     |   |   | 4,185  |   |   |   | 10,436 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Net change in cash and cash equivalents                                |   |   | 6,418  |   |   |   | (7,799 | ) |
|                                                                   |   |   |   |   |   |   |   |   |
| Beginning cash and cash equivalents                                    |   |   | 9,034  |   |   |   | 13,755 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Ending cash and cash equivalents                                       |   | $      | 15,452 |   |   | $      | 5,956 |   |
|                                                                   |   |   |   |   |   |   |   |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                      |   |   |   |   |   |   |   |   |
| Cash paid during the period for:                                       |   |   |   |   |   |   |   |   |
| Federal income taxes                                                   |   | $      | 650    |   |   | $      | 405 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Interest paid                                                          |   | $      | 2,326  |   |   | $      | 2,842 |   |
|                                                                   |   |   |   |   |   |   |   |   |
| Supplemental noncash disclosures:                                      |   |   |   |   |   |   |   |   |
| Transfer from loans to repossessed assets                              |   | $      | 104    |   |   | $      | 339 |   |

----

Index

F

|                                                 |   | For the three months endedMarch 31, |      |   | For the nine months endedMarch 31, |   |
|------------------------------------------------------|--------|-------------------------------------|-----------|--------|------------------------------------|--------|
|                                                 |   | 2011                                |      |   | 2010                               |   |   | 2011 |   |   | 2010 |   |
|                                                 |   |                                |      |   |                               |   |   |   |   |   |   |   |
| Weighted-average common shares outstanding (basic)   |   |                                | 1,011,596 |   |                               |   | 1,011,251 |   |   |   | 1,011,544 |   |   |   | 1,010,695 |   |
| Dilutive effect of assumed exercise of stock options |   |                                | 2,978     |   |                               |   | 2,581 |   |   |   | 2,718 |   |   |   | 2,946 |   |
| Weighted-average common shares outstanding (diluted) |   |                                | 1,014,574 |   |                               |   | 1,013,832 |   |   |   | 1,014,262 |   |   |   | 1,013,641 |   |

----

Index

|                               |   | Shares |   |   | Weightedaverageexerciseprice |   |    | Weightedaverageremainingcontractualterm |   |    | Aggregateintrinsicvalue |   |
|------------------------------------|--------|--------|--------|--------|------------------------------|--------|---------|-----------------------------------------|--------|---------|-------------------------|--------|
|                               |   |   |   |   |                         |   |    |                                    |   |    |                    |   |
| Outstanding at beginning of period |   |   | 19,570 |   |                         | $      | 11.56   |                                    |   |    |                    |   |   |   |
| Granted                            |   |   | -      |   |                         |   | -  |                                    |   |    |                    |   |   |   |   |
| Exercised                          |   |   | (750   | )      |                         |   | 8.38    |                                    |   |    |                    |   |   |   |   |
| Forfeited or expired               |   |   | -      |   |                         |   | -       |                                    |   |    |                    |   |   |   |   |
| Outstanding at end of period       |   |   | 18,820 |   |                         | $      | 11.68   |                                    |   | 1.9 yrs |                    |   | $ | 62,216 |   |
|                               |   |   |   |   |                         |   |    |                                    |   |    |                    |   |   |   |   |   |
| Exercisable at end of period       |   |   | 18,820 |   |                         | $      | 11.68   |                                    |   | 1.9 yrs |                    |   | $ | 62,216 |   |
|                               |   |   |   |   |                         |   |    |                                    |   |    |                    |   |   |   |   |   |
| Options available for grant        |   |   | -      |   |                         |   |    |                                    |   |    |                    |   |   |   |   |   |

|                                 |   | 2011   |   |   | 2010   |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|
|                                 |   |   |   |   |   |   |
| Intrinsic value of options exercised |   | $      | 4,406  |   |   | $      | 5,000 |   |
| Cash received from options exercised |   |   | 6,281  |   |   |   | 12,000 |   |
| Tax benefit from options exercised   |   |   | -      |   |   |   | - |   |

|                                                                      |   | Shares |   |   | Weightedaverageexerciseprice |   |   | Weightedaverageremainingcontractualterm |   |    | Aggregateintrinsicvalue |   |
|---------------------------------------------------------------------------|--------|--------|--------|--------|------------------------------|--------|--------|-----------------------------------------|--------|---------|-------------------------|--------|
|                                                                      |   |   |   |   |                         |   |   |                                    |   |    |                    |   |
| Outstanding at beginning of period                                        |   |   | 22,210 |   |                         | $      | 11.28  |                                    |   |    |                    |   |   |   |
| Granted                                                                   |   |   | -      |   |                         |   | -      |                                    |   |    |                    |   |   |   |   |
| Exercised                                                                 |   |   | (2,640 | )      |                         |   | 9.20   |                                    |   |    |                    |   |   |   |   |
| Forfeited or expired                                                      |   |   | -      |   |                         |   | -      |                                    |   |    |                    |   |   |   |   |
| Outstanding at end of period                                              |   |   | 19,570 |   |                         | $      | 11.56  |                                    |   | 2.5 yrs |                    |   | $ | 58,858 |   |
|                                                                      |   |   |   |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Exercisable at end of period                                              |   |   | 19,570 |   |                         | $      | 11.56  |                                    |   | 2.5 yrs |                    |   | $ | 58,858 |   |
|                                                                      |   |   |   |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Options available for grant                                               |   |   | -      |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
|                                                                      |   |   |   |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Information related to the Plan for the year ended June 30, 2010 follows: |   |   |   |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
|                                                                      |   |   |   |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Intrinsic value of options exercised                                      |   | $      | 13,000 |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Cash received from options exercised                                      |   |   | 24,000 |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |
| Tax benefit from options exercised                                        |   |   | -      |   |                         |   |   |                                    |   |    |                    |   |   |   |   |   |

----

Index

|                                    |   | March 31,      |    |   | June 30, |   |
|-----------------------------------------|--------|----------------|---------|--------|----------|--------|
|                                    |   | 2011           |    |   | 2010     |   |
|                                    |   | (in thousands) |    |
| Residential real estate`                |   |           |    |   |     |   |
| One- to four-family                     |   | $              | 68,533  |   |     | $      | 68,171 |   |
| Multi-family                            |   |           | 7,125   |   |     |   | 8,328 |   |
| Nonresidential real estate and land     |   |           | 81,419  |   |     |   | 80,066 |   |
| Commercial loans – secured        |   |           | 20,541  |   |     |   | 20,056 |   |
| Commercial loans – unsecured      |   |           | 91      |   |     |   | 101 |   |
| Consumer and other loans                |   |           | 5,978   |   |     |   | 6,048 |   |
|                                    |   |           | 183,687 |   |     |   | 182,770 |   |
|                                    |   |           |    |   |     |   |   |   |
| Net deferred loan origination costs     |   |           | 286     |   |     |   | 269 |   |
| Undisbursed portion of loans in process |   |           | (1,026  | )      |     |   | (2,209 | ) |
| Allowance for loan losses               |   |           | (2,473  | )      |     |   | (1,993 | ) |
|                                    |   |           |    |   |     |   |   |   |
| Loans, net                              |   | $              | 180,474 |   |     | $      | 178,837 |   |

|                       |   | Consumerand other |   |   | Commercialsecured andunsecured |   |   | Nonresidentialreal estateand land |   |   | Residentialrealestate |   |   | Unallocated |   |   | Total  |   |
|----------------------------|--------|-------------------|--------|--------|--------------------------------|--------|--------|-----------------------------------|--------|--------|-----------------------|--------|--------|-------------|--------|--------|--------|--------|
|                       |   | (in thousands)    |   |
| Allowance for loan losses: |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |        |   |   |   |   |
| Beginning balance          |   | $                 | 289    |   |                           | $      | 359    |                              |   | $      | 1,293                 |   |   | $           | 490    |   |   | $      | - |   |   | $ | 2,431 |   |
| Provision for loan losses  |   |              | 15     |   |                           |   | 17     |                              |   |   | 65                    |   |   |        | 23     |   |   |   | - |   |   |   | 120 |   |
| Loans charged-off          |   |              | (2     | )      |                           |   | -      |                              |   |   | (51                   | )      |   |        | (26    | )      |   |   | - |   |   |   | (79 | ) |
| Recoveries                 |   |              | 1      |   |                           |   | -      |                              |   |   | -                     |   |   |        | -      |   |   |   | - |   |   |   | 1 |   |
|                       |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |        |   |   |   |   |   |   |   |   |   |   |
| Ending balance             |   | $                 | 303    |   |                           | $      | 376    |                              |   | $      | 1,307                 |   |   | $           | 487    |   |   | $      | - |   |   | $ | 2,473 |   |

|                      |   | Three months endedMarch 31, |   |   | Nine months endedMarch 31, |   |
|---------------------------|--------|-----------------------------|--------|--------|----------------------------|--------|
|                      |   | 2011                        |   |   | 2010                       |   |   | 2011 |   |   | 2010 |   |
|                      |   | (in thousands)              |   |   | (in thousands)             |   |
|                      |   |                        |   |   |                       |   |   |   |   |   |   |   |
| Beginning balance         |   | $                           | 2,431  |   |                       | $      | 1,801 |   |   | $ | 1,993 |   |   | $ | 1,694 |   |
| Provision for loan losses |   |                        | 120    |   |                       |   | 145 |   |   |   | 652 |   |   |   | 312 |   |
| Loans charged-off         |   |                        | (79    | )      |                       |   | (17 | ) |   |   | (174 | ) |   |   | (81 | ) |
| Recoveries                |   |                        | 1      |   |                       |   | 4 |   |   |   | 2 |   |   |   | 8 |   |
| Ending balance            |   | $                           | 2,473  |   |                       | $      | 1,933 |   |   | $ | 2,473 |   |   | $ | 1,933 |   |

----

Index

|                                            |   | Consumerand other |   |   | Commercialsecured andunsecured |   |   | Nonresidentialreal estateand land |   |   | Residentialrealestate |   |   | Total  |   |
|-------------------------------------------------|--------|-------------------|--------|--------|--------------------------------|--------|--------|-----------------------------------|--------|--------|-----------------------|--------|--------|--------|--------|
|                                            |   | (in thousands)    |   |
| Allowance for loan losses                       |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |
| Ending allowance balance attributable to loans: |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |
| Individually evaluated for impairment           |   | $                 | -      |   |                           | $      | 22     |                              |   | $      | 668                   |   |   | $      | 184    |   |   | $ | 874 |   |
| Collectively evaluated for impairment           |   |              | 303    |   |                           |   | 354    |                              |   |   | 639                   |   |   |   | 303    |   |   |   | 1,599 |   |
|                                            |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |   |   |   |   |   |
| Total ending allowance balance                  |   | $                 | 303    |   |                           | $      | 376    |                              |   | $      | 1,307                 |   |   | $      | 487    |   |   | $ | 2,473 |   |
|                                            |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |   |   |   |   |   |
| Loans                                           |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment     |   | $                 | -      |   |                           | $      | 60     |                              |   | $      | 1,457                 |   |   | $      | 918    |   |   | $ | 2,435 |   |
| Loans collectively evaluated for impairment     |   |              | 6,018  |   |                           |   | 20,027 |                              |   |   | 79,769                |   |   |   | 74,698 |   |   |   | 180,512 |   |
|                                            |   |              |   |   |                           |   |   |                              |   |   |                  |   |   |   |   |   |   |   |   |   |
| Total ending loan balance                       |   | $                 | 6,018  |   |                           | $      | 20,087 |                              |   | $      | 81,226                |   |   | $      | 75,616 |   |   | $ | 182,947 |   |

|                                                                  |   | March 31,      |   |   | June 30, |   |
|-----------------------------------------------------------------------|--------|----------------|--------|--------|----------|--------|
|                                                                  |   | 2011           |   |   | 2010     |   |
|                                                                  |   | (in thousands) |   |
| Period-end impaired loans with no allocated allowance for loan losses |   | $              | -      |   |     | $      | 444 |   |
| Period-end impaired loans with allocated allowance for loan losses    |   |           | 2,435  |   |     |   | 3,480 |   |
|                                                                  |   |           |   |   |     |   |   |   |
| Total                                                                 |   | $              | 2,435  |   |     | $      | 3,924 |   |
|                                                                  |   |           |   |   |     |   |   |   |
| Amount of the allowance for loan losses allocated                     |   | $              | 874    |   |     | $      | 582 |   |
|                                                                  |   |           |   |   |     |   |   |   |
|                                                                  |   |           |   |   |     |   |   |   |
| Period-end impaired loans on nonaccrual                               |   | $              | 1,230  |   |     | $      | 1,822 |   |
| Period-end impaired loans accruing                                    |   |           | 1,205  |   |     |   | 2,102 |   |
|                                                                  |   | $              | 2,435  |   |     | $      | 3,924 |   |

----

Index

|                                |   | Unpaidprincipalbalance |   |   | Recordedinvestment |   |   | Allowance forloan lossesallocated |   |   | Averagerecordedinvestment |   |   | Interestincomerecognized |   |   | Cash Basisinterestrecognized |   |
|-------------------------------------|--------|------------------------|--------|--------|--------------------|--------|--------|-----------------------------------|--------|--------|---------------------------|--------|--------|--------------------------|--------|--------|------------------------------|--------|
|                                |   | (in thousands)         |   |
| With no related allowance recorded: |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |
| Residential                         |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |
| One- to four-family                 |   | $                      | -      |   |               | $      | -      |                              |   | $      | -                         |   |   | $                        | -      |   |                         | $      | - |   |   | $ | - |   |
| Multi-family                        |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Nonresidential real estate and land |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Commercial loans - secured          |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Commercial loans – unsecured  |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Consumer and other loans            |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
|                                |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |   |   |   |   |   |   |
| With an allowance recorded:         |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |   |   |   |   |   |   |
| Residential                         |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |   |   |   |   |   |   |
| One- to four-family                 |   | $                      | 918    |   |               | $      | 918    |                              |   | $      | 184                       |   |   | $                        | 932    |   |                         | $      | 13 |   |   | $ | 13 |   |
| Multi-family                        |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Nonresidential real estate and land |   |                   | 1,457  |   |               |   | 1,457  |                              |   |   | 668                       |   |   |                     | 1,458  |   |                         |   | 9 |   |   |   | 9 |   |
| Commercial loans - secured          |   |                   | 60     |   |               |   | 60     |                              |   |   | 22                        |   |   |                     | 61     |   |                         |   | 1 |   |   |   | 1 |   |
| Commercial loans – unsecured  |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
| Consumer and other loans            |   |                   | -      |   |               |   | -      |                              |   |   | -                         |   |   |                     | -      |   |                         |   | - |   |   |   | - |   |
|                                |   |                   |   |   |               |   |   |                              |   |   |                      |   |   |                     |   |   |                         |   |   |   |   |   |   |   |
| Total                               |   | $                      | 2,435  |   |               | $      | 2,435  |                              |   | $      | 874                       |   |   | $                        | 2,451  |   |                         | $      | 23 |   |   | $ | 23 |   |

|                                |   | March 31,2011  |   |   | June 30,2010 |   |
|-------------------------------------|--------|----------------|--------|--------|--------------|--------|
|                                |   | (in thousands) |   |
| Residential real estate             |   |           |   |   |         |   |
| One- to four-family                 |   | $              | 373    |   |         | $      | 210 |   |
| Multi-family                        |   |           | -      |   |         |   | - |   |
| Nonresidential real estate and land |   |           | 976    |   |         |   | 1,783 |   |
| Commercial loans – secured    |   |           | -      |   |         |   | 141 |   |
| Commercial loans – unsecured  |   |           | -      |   |         |   | - |   |
| Consumer and other loans            |   |           | 10     |   |         |   | 54 |   |
|                                |   | $              | 1,359  |   |         | $      | 2,188 |   |

----

Index

|                                |   | 30-59dayspast due |   |   | 60-89dayspast due |   |   | Greater than90 dayspast due |   |   | Totalpast due |   |   | Loans notpast due |   |   | Total  |   |
|-------------------------------------|--------|-------------------|--------|--------|-------------------|--------|--------|-----------------------------|--------|--------|---------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                |   | (in thousands)    |   |
| Residential real estate             |   |              |   |   |              |   |   |                        |   |   |          |   |   |              |   |   |   |   |
| One- to four-family                 |   | $                 | 615    |   |              | $      | 406    |                        |   | $      | 76            |   |   | $                 | 1,097  |   |   | $      | 67,385 |   |   | $ | 68,482 |   |
| Multifamily                         |   |              | -      |   |              |   | -      |                        |   |   | -             |   |   |              | -      |   |   |   | 7,134 |   |   |   | 7,134 |   |
| Nonresidential real estate and land |   |              | 128    |   |              |   | 62     |                        |   |   | 915           |   |   |              | 1,105  |   |   |   | 80,121 |   |   |   | 81,226 |   |
| Commercial loans – secured    |   |              | 101    |   |              |   | 53     |                        |   |   | -             |   |   |              | 154    |   |   |   | 19,842 |   |   |   | 19,996 |   |
| Commercial loans – unsecured  |   |              | -      |   |              |   | -      |                        |   |   | -             |   |   |              | -      |   |   |   | 91 |   |   |   | 91 |   |
| Consumer and other loans            |   |              | 68     |   |              |   | 1      |                        |   |   | 10            |   |   |              | 79     |   |   |   | 5,939 |   |   |   | 6,018 |   |
|                                |   |              |   |   |              |   |   |                        |   |   |          |   |   |              |   |   |   |   |   |   |   |   |   |   |
| Total                               |   | $                 | 912    |   |              | $      | 522    |                        |   | $      | 1,001         |   |   | $                 | 2,435  |   |   | $      | 180,512 |   |   | $ | 182,947 |   |

----

Index

|                                |   | Not rated      |   |   | Pass   |   |    | Specialmention |   |   | Substandard |   |   | Doubtful |   |   | Total  |   |
|-------------------------------------|--------|----------------|--------|--------|--------|--------|---------|----------------|--------|--------|-------------|--------|--------|----------|--------|--------|--------|--------|
|                                |   | (in thousands) |   |
| Residential real estate             |   |           |   |   |   |   |    |           |   |   |        |   |   |     |   |   |   |   |
| One- to four-family                 |   | $              | 65,886 |   |   | $      | -       |           |   | $      | 1,667       |   |   | $        | 929    |   |   | $      | - |   |   | $ | 68,482 |   |
| Multifamily                         |   |           | -      |   |   |   | 7,087   |           |   |   | 47          |   |   |     | -      |   |   |   | - |   |   |   | 7,134 |   |
| Nonresidential real estate and land |   |           | -      |   |   |   | 79,446  |           |   |   | 371         |   |   |     | 508    |   |   |   | 901 |   |   |   | 81,226 |   |
| Commercial loans – secured    |   |           | -      |   |   |   | 19,853  |           |   |   | 143         |   |   |     | -      |   |   |   | - |   |   |   | 19,996 |   |
| Commercial loans – unsecured  |   |           | -      |   |   |   | 91      |           |   |   | -           |   |   |     | -      |   |   |   | - |   |   |   | 91 |   |
| Consumer and other loans            |   |           | 5,950  |   |   |   | -       |           |   |   | 15          |   |   |     | 53     |   |   |   | - |   |   |   | 6,018 |   |
|                                |   |           |   |   |   |   |    |           |   |   |        |   |   |     |   |   |   |   |   |   |   |   |   |   |
| Total                               |   | $              | 71,836 |   |   | $      | 106,477 |           |   | $      | 2,243       |   |   | $        | 1,490  |   |   | $      | 901 |   |   | $ | 182,947 |   |

|                                                                |   | March 31, 2011 |   |
|---------------------------------------------------------------------|--------|----------------|--------|
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |
|                                                                |   | AmortizedCost  |   |   | Grossunrealizedgains |   |   | Grossunrealizedlosses |   |   | Fairvalue |   |
|                                                                |   | (In thousands) |   |
| U.S. Government agency obligations                                  |   | $              | 5,999  |   |   | $ | - |   |   | $ | (182 | ) |   | $ | 5,817 |   |
| Equity securities                                                   |   |           | 2      |   |   |   | - |   |   |   | - |   |   |   | 2 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                               |   | $              | 6,001  |   |   | $ | - |   |   | $ | (182 | ) |   | $ | 5,819 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage Backed Securities:                                         |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association participation certificates    |   | $              | 159    |   |   | $ | 2 |   |   | $ | - |   |   | $ | 161 |   |
| Government National Mortgage Association participation certificates |   |           | 41     |   |   |   | 1 |   |   |   | - |   |   |   | 42 |   |
| Total mortgage-backed securities available for sale                 |   |           | 200    |   |   |   | 3 |   |   |   | - |   |   |   | 203 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                               |   | $              | 6,201  |   |   | $ | 3 |   |   | $ | (182 | ) |   | $ | 6,022 |   |

----

Index

|                                                                |   | June 30, 2010  |   |
|---------------------------------------------------------------------|--------|----------------|--------|
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |
|                                                                |   | Amortizedcost  |   |   | Grossunrealizedgains |   |   | Grossunrealizedlosses |   |   | Fairvalue |   |
|                                                                |   | (In thousands) |   |
| U.S. Government agency obligations                                  |   | $              | 7,997  |   |   | $ | 41 |   |   | $ | - |   |   | $ | 8,038 |   |
| Equity securities                                                   |   |           | 2      |   |   |   | - |   |   |   | - |   |   |   | 2 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                               |   | $              | 7,999  |   |   | $ | 41 |   |   | $ | - |   |   | $ | 8,040 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage Backed Securities:                                         |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association participation certificates    |   | $              | 168    |   |   | $ | 2 |   |   | $ | - |   |   | $ | 170 |   |
| Government National Mortgage Association participation certificates |   |           | 45     |   |   |   | 1 |   |   |   | - |   |   |   | 46 |   |
| Total mortgage-backed securities available for sale                 |   |           | 213    |   |   |   | 3 |   |   |   | - |   |   |   | 216 |   |
|                                                                |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                               |   | $              | 8,212  |   |   | $ | 44 |   |   | $ | - |   |   | $ | 8,256 |   |

|                                              |   | March 31, 2011 |   |
|---------------------------------------------------|--------|----------------|--------|
|                                              |   |           |   |   |   |   |   |   |   |   |   |   |
|                                              |   | Carryingamount |   |   | Grossunrecognizedgains |   |   | Grossunrecognizedlosses |   |   | Fairvalue |   |
|                                              |   | (In thousands) |   |
| Federal Home Loan Mortgage                        |   |           |   |   |   |   |   |   |   |   |   |   |
| Corporation participation certificates            |   | $              | 52     |   |   | $ | 1 |   |   | $ | - |   |   | $ | 53 |   |
| Total mortgage-backed securities held to maturity |   | $              | 52     |   |   | $ | 1 |   |   | $ | - |   |   | $ | 53 |   |

|                                              |   | June 30, 2010  |   |
|---------------------------------------------------|--------|----------------|--------|
|                                              |   |           |   |   |   |   |   |   |   |   |   |   |
|                                              |   | Carryingamount |   |   | GrossUnrecognizedgains |   |   | GrossUnrecognizedlosses |   |   | Fairvalue |   |
|                                              |   | (In thousands) |   |
| Federal Home Loan Mortgage                        |   |           |   |   |   |   |   |   |   |   |   |   |
| Corporation participation certificates            |   | $              | 57     |   |   | $ | - |   |   | $ | - |   |   | $ | 57 |   |
| Total mortgage-backed securities held to maturity |   | $              | 57     |   |   | $ | - |   |   | $ | - |   |   | $ | 57 |   |

----

Index

|                       |   | Held to maturity |   |   | Available for sale |   |
|----------------------------|--------|------------------|--------|--------|--------------------|--------|
|                       |   | Carrying         |   |   | Fair               |   |   | Amortized |   |   | Fair |   |
|                       |   | amount           |   |   | value              |   |   | cost |   |   | value |   |
|                       |   | (in thousands)   |   |
|                       |   |             |   |   |               |   |   |   |   |   |   |   |
| Due in one year or less    |   | $                | -      |   |               | $      | - |   |   | $ | - |   |   | $ | - |   |
| Due from one to five years |   |             | -      |   |               |   | - |   |   |   | - |   |   |   | - |   |
| Due from five to ten years |   |             | -      |   |               |   | - |   |   |   | 3,999 |   |   |   | 3,879 |   |
| Due after ten years        |   |             | -      |   |               |   | - |   |   |   | 2,000 |   |   |   | 1,938 |   |
| Mortgage-backed            |   |             | 52     |   |               |   | 53 |   |   |   | 200 |   |   |   | 203 |   |
| Total                      |   | $                | 52     |   |               | $      | 53 |   |   | $ | 6,199 |   |   | $ | 6,020 |   |

|                               |   | March 31, 2011      |   |   |              |   |   |      |   |
|------------------------------------|--------|---------------------|--------|--------|-------------------|--------|--------|-----------|--------|
|                               |   | Less than 12 months |   |   | 12 months or more |   |   | Total     |   |
|                               |   |                |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |   |
| Description ofsecurities           |   | Fairvalue           |   |   | Unrealizedlosses  |   |   | Fairvalue |   |   | Unrealizedlosses |   |   | Fairvalue |   |   | Unrealizedlosses |   |
|                               |   | (In thousands)      |   |
|                               |   |                |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agency obligations |   | $                   | 5,817  |   |              | $      | (182   | )         |   | $ | - |   |   | $ | - |   |   | $ | 5,817 |   |   | $ | (182 | ) |

----

Index

----

Index

|                                                                         |   |           |   |   | Fair Value Measurements                           |   |
|------------------------------------------------------------------------------|--------|----------------|--------|--------|---------------------------------------------------|--------|
|                                                                         |   |           |   |   | at March 31, 2011 Using                           |   |
|                                                                         |   | Carrying       |   |   | Quoted prices inactive marketsfor identicalassets |   |   | Significantotherobservableinputs |   |   | Significantunobservableinputs |   |
|                                                                         |   | amount         |   |   | (Level 1)                                         |   |   | (Level 2) |   |   | (Level 3) |   |
|                                                                         |   | (in thousands) |   |
| Assets:                                                                      |   |           |   |   |                                              |   |   |   |   |   |   |   |
| Available for sale securities:                                               |   |           |   |   |                                              |   |   |   |   |   |   |   |
| U. S. government agency obligations                                          |   | $              | 5,817  |   |                                              | $      | - |   |   | $ | 5,817 |   |   | $ | - |   |
| Equity securities                                                            |   |           | 2      |   |                                              |   | 2 |   |   |   | - |   |   |   | - |   |
| Federal National Mortgage Association participation certificates-residential |   |           | 161    |   |                                              |   | - |   |   |   | 161 |   |   |   | - |   |
| Government National Mortgage                                                 |   |           |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Association participation certificates-residential                           |   |           | 42     |   |                                              |   | - |   |   |   | 42 |   |   |   | - |   |
| Total securities available for sale                                          |   | $              | 6,022  |   |                                              | $      | 2 |   |   | $ | 6,020 |   |   | $ | - |   |

|                                                                         |   |           |   |   | Fair Value Measurementsat June 30, 2010 Using     |   |
|------------------------------------------------------------------------------|--------|----------------|--------|--------|---------------------------------------------------|--------|
|                                                                         |   | Carrying       |   |   | Quoted Prices inactive marketsfor identicalassets |   |   | Significantotherobservableinputs |   |   | Significantunobservableinputs |   |
|                                                                         |   | amount         |   |   | (Level 1)                                         |   |   | (Level 2) |   |   | (Level 3) |   |
|                                                                         |   | (in thousands) |   |
| Assets:                                                                      |   |           |   |   |                                              |   |   |   |   |   |   |   |
| Available for sale securities:                                               |   |           |   |   |                                              |   |   |   |   |   |   |   |
| U. S. government agency obligations                                          |   | $              | 8,038  |   |                                              | $      | - |   |   | $ | 8,038 |   |   | $ | - |   |
| Equity securities                                                            |   |           | 2      |   |                                              |   | 2 |   |   |   | - |   |   |   | - |   |
| Federal National Mortgage Association participation certificates-residential |   |           | 170    |   |                                              |   | - |   |   |   | 170 |   |   |   | - |   |
| Government National Mortgage                                                 |   |           |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Association participation certificates-residential                           |   |           | 46     |   |                                              |   | - |   |   |   | 46 |   |   |   | - |   |
|                                                                         |   |           |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Total securities available for sale                                          |   | $              | 8,256  |   |                                              | $      | 2 |   |   | $ | 8,254 |   |   | $ | - |   |

----

Index

|                                |   | Fair Value Measurementsat March 31, 2011 Using    |   |
|-------------------------------------|--------|---------------------------------------------------|--------|
|                                |   | Quoted prices inactive marketsfor identicalassets |   |   | Significantotherobservableinputs |   |   | Significantunobservableinputs |   |
|                                |   | (Level 1)                                         |   |   | (Level 2) |   |   | (Level 3) |   |
|                                |   | (in thousands)                                    |   |
| Assets:                             |   |                                              |   |   |   |   |   |   |   |
| Loan servicing rights               |   | $                                                 | -      |   |   | $ | 299 |   |   | $ | - |   |
| Impaired loans, net of allowance    |   |                                              | -      |   |   |   | - |   |   |   | - |   |
| Residential one-to-four-family      |   |                                              | -      |   |   |   | - |   |   |   | 734 |   |
| Nonresidential real estate and land |   |                                              | -      |   |   |   | - |   |   |   | 789 |   |
| Commercial loans – secured    |   |                                              | -      |   |   |   | - |   |   |   | 38 |   |
| Total                               |   | $                                                 | -      |   |   | $ | 299 |   |   | $ | 1,561 |   |

|                             |   | Fair Value Measurementsat June 30, 2010 Using     |   |
|----------------------------------|--------|---------------------------------------------------|--------|
|                             |   | Quoted prices inactive marketsfor identicalassets |   |   | Significantotherobservableinputs |   |   | Significantunobservableinputs |   |
|                             |   | (Level 1)                                         |   |   | (Level 2) |   |   | (Level 3) |   |
|                             |   | (in thousands)                                    |   |
|                             |   |                                              |   |   |   |   |   |   |   |
| Assets:                          |   |                                              |   |   |   |   |   |   |   |
| Loan servicing rights            |   |                                              | -      |   |   | $ | 209 |   |   |   | - |   |
| Impaired loans, net of allowance |   |                                              | -      |   |   |   | - |   |   | $ | 2,898 |   |

----

Index

|                                      |   | March 31, 2011 |     |   | June 30, 2010 |   |
|-------------------------------------------|--------|----------------|----------|--------|---------------|--------|
|                                      |   | Carrying       |     |   | Fair          |   |   | Carrying |   |   | Fair |   |
|                                      |   | amount         |     |   | value         |   |   | amount |   |   | value |   |
|                                      |   | (in thousands) |     |
|                                      |   |           |     |   |          |   |   |   |   |   |   |   |
| Financial assets                          |   |           |     |   |          |   |   |   |   |   |   |   |
| Cash and cash equivalents                 |   | $              | 15,452   |   |          | $      | 15,452 |   |   | $ | 9,034 |   |   | $ | 9,034 |   |
| Investment Securities                     |   |           | 5,819    |   |          |   | 5,819 |   |   |   | 8,040 |   |   |   | 8,040 |   |
| Mortgage-backed securities                |   |           | 255      |   |          |   | 256 |   |   |   | 273 |   |   |   | 273 |   |
| Loans, net, including loans held for sale |   |           | 180,474  |   |          |   | 180,436 |   |   |   | 180,214 |   |   |   | 183,277 |   |
| Federal Home Loan Bank stock              |   |           | 2,422    |   |          |   | n/a |   |   |   | 2,422 |   |   |   | n/a |   |
| Accrued interest receivable               |   |           | 509      |   |          |   | 509 |   |   |   | 556 |   |   |   | 556 |   |
|                                      |   |           |     |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities                     |   |           |     |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                  |   | $              | (176,433 | )      |          | $      | (171,995 | ) |   | $ | (171,339 | ) |   | $ | (172,763 | ) |
| Federal Home Loan Bank advances           |   |           | (13,300  | )      |          |   | (13,838 | ) |   |   | (13,699 | ) |   |   | (14,585 | ) |
| Other borrowed funds                      |   |           | (630     | )      |          |   | (630 | ) |   |   | (630 | ) |   |   | (630 | ) |
| Accrued interest payable                  |   |           | (119     | )      |          |   | (119 | ) |   |   | (145 | ) |   |   | (145 | ) |

----

Index

Ite

----

Index

|                                                |   | Actual |   |   | Requiredfor capitaladequacy purposes |   |   | To be wellcapitalized underprompt correctiveaction regulations |   |
|-----------------------------------------------------|--------|--------|--------|--------|--------------------------------------|--------|--------|----------------------------------------------------------------|--------|
|                                                |   | Amount |   |   | Ratio                                |   |   | Amount                                                         |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
|                                                |   |   |   |   |                                 |   |   |                                                           |   |   |   |   |   |   |   |   |   |   |
| Total capital to risk weighted assets               |   | $      | 20,589 |   |                                 |   | 12.4   | %                                                              |   |   | 13,307 |   |   |   | 8.0 | % |   | $ | 16,634 |   |   |   | 10.0 | % |
|                                                |   |   |   |   |                                 |   |   |                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier 1 (core) capital to risk weighted assets       |   |   | 18,990 |   |                                 |   | 11.4   | %                                                              |   |   | 6,654 |   |   |   | 4.0 | % |   |   | 9,980 |   |   |   | 6.0 | % |
|                                                |   |   |   |   |                                 |   |   |                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier 1 (core) capital to Adjusted  assets |   |   | 18,990 |   |                                 |   | 9.0    | %                                                              |   |   | 8,429 |   |   |   | 4.0 | % |   |   | 10,536 |   |   |   | 5.0 | % |
|                                                |   |   |   |   |                                 |   |   |                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible capital (to adjusted total assets)         |   |   | 18,990 |   |                                 |   | 9.0    | %                                                              |   |   | 3,161 |   |   |   | 1.5 | % |   |   | N/A |   |   |   | N/A |   |

----

Index

----

Index

----

Index

----

Index

----

Index

----

Index

----

Index

ITEM 3:

ITEM 4:  

----

Index

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

| ITEM 1A: | Risk Factors |
|----------|--------------|

| ITEM 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

|   | (a) | None |
|--------|-----|------|

|   | (b) | None |
|--------|-----|------|

|   | (c) | None |
|--------|-----|------|

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

| ITEM 4. | (Removed and Reserved) |
|---------|------------------------|

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

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

|   | 31.1 | Section 302 Chief Executive Officer certification |
|--------|------|---------------------------------------------------|
|   | 31.2 | Section 302 Chief Financial Officer certification |
|   | 32.1 | Section 906 Chief Executive Officer certification |
|   | 32.2 | Section 906 Chief Financial Officer certification |

----

Index

S

|   |         |   | FFD FINANCIAL CORPORATION |                                  |
|--------|--------------|--------|---------------------------|---------------------------------------|
|   |         |   |                      |                                  |   |
|   |         |   |                      |                                  |   |
| Date:  | May 16, 2011 |   | By:                       | /s/Trent B. Troyer                    |   |
|   |         |   |                      | Trent B. Troyer                       |   |
|   |         |   |                      | President and Chief Executive Officer |   |
|   |         |   |                      |                                  |   |
|   |         |   |                      |                                  |   |
| Date:  | May 16, 2011 |   | By:                       | /s/Robert R. Gerber                   |   |
|   |         |   |                      | Robert R. Gerber                      |   |
|   |         |   |                      | Senior Vice President, Treasurer and  |   |
|   |         |   |                      | Chief Financial Officer               |   |

----