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  March 31, 2005
                               ----------------
                                       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 Section
13 or 15(d) of the Exchange Act 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:
May 12, 2005 - 1,188,219 common shares, 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 or
             Plan of Operations                                               10

PART II  -   OTHER INFORMATION                                                15

SIGNATURES                                                                    17


                                        2
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)

<TABLE>
<CAPTION>
                                                                            March 31,     June 30,
         ASSETS                                                                 2005          2004
                                                                          (Unaudited)
<S>                                                                       <C>           <C>
Cash and due from banks                                                   $    2,219    $    1,999
Interest-bearing deposits in other financial institutions                      5,807         8,821
                                                                          ----------    ----------
         Cash and cash equivalents                                             8,026        10,820

Investment securities designated as available for sale - at market             3,424         4,402
Mortgage-backed securities designated as available for sale - at market          517           630
Mortgage-backed securities held to maturity - at amortized cost,
  approximate market value of $261 and $411 as of March 31,
  2005 and June 30, 2004, respectively                                           255           395
Loans receivable - net                                                       122,451       114,288
Loans held for sale - at lower of cost or market                                  --           217
Office premises and equipment - at depreciated cost                            2,010         2,028
Stock in Federal Home Loan Bank - at cost                                      2,114         2,047
Accrued interest receivable                                                      422           381
Prepaid expenses and other assets                                                242           275
Prepaid federal income taxes                                                     244           409
                                                                          ----------    ----------

         Total assets                                                     $  139,705    $  135,892
                                                                          ==========    ==========

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                  $  109,312    $  105,446
Advances from the Federal Home Loan Bank                                      12,484        12,669
Accrued interest payable                                                         118            97
Other liabilities                                                                468           719
Deferred federal income taxes                                                    285           223
                                                                          ----------    ----------
         Total liabilities                                                   122,667       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                                                   7,951         7,910
  Retained earnings - restricted                                              12,630        12,385
  Accumulated comprehensive loss; unrealized losses on securities
    designated as available for sale, net of related tax benefits                (50)          (66)
  Shares acquired by stock benefit plans                                        (334)         (444)
  Less 266,531 and 266,757 treasury shares at March 31, 2005 and
    June 30, 2004, respectively - at cost                                     (3,159)       (3,047)
                                                                          ----------    ----------
         Total shareholders' equity                                           17,038        16,738
                                                                          ----------    ----------

         Total liabilities and shareholders' equity                       $  139,705    $  135,892
                                                                          ==========    ==========
</TABLE>


                                        3
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

                      (In thousands, except per share data)

<TABLE>
<CAPTION>
                                                             For the nine months  For the three months
                                                               ended March 31,       ended March 31,
                                                                 2005     2004        2005      2004
<S>                                                            <C>      <C>         <C>      <C>
Interest income
  Loans                                                        $4,817   $4,573      $1,706   $ 1,510
  Mortgage-backed securities                                       28       46           9        13
  Investment securities, interest-bearing deposits and other      265      186          94        82
                                                               ------   ------      ------   -------
         Total interest income                                  5,110    4,805       1,809     1,605

Interest expense
  Deposits                                                      1,371    1,457         477       459
  Borrowings                                                      425      442         139       150
                                                               ------   ------      ------   -------
         Total interest expense                                 1,796    1,899         616       609
                                                               ------   ------      ------   -------

         Net interest income                                    3,314    2,906       1,193       996

Provision for losses on loans                                      11       --           7        --
                                                               ------   ------      ------   -------

         Net interest income after provision
           for losses on loans                                  3,303    2,906       1,186       996

Other income
  Gain on sale of loans                                           193      305          98        53
  Other operating                                                 250      161          27        52
                                                               ------   ------      ------   -------
         Total other income                                       443      466         125       105

General, administrative and other expense
  Employee compensation and benefits                            1,297    1,141         419       378
  Occupancy and equipment                                         285      289         101       101
  Franchise taxes                                                 156      155          53        54
  Data processing                                                 220      218          78        84
  Loss on sale of real estate acquired through foreclosure         --        7          --        --
  Other operating                                                 831      755         270       224
                                                               ------   ------      ------   -------
         Total general, administrative and other expense        2,789    2,565         921       841
                                                               ------   ------      ------   -------

         Earnings before income taxes                             957      807         390       260

Federal income taxes
  Current                                                         271      241          62       109
  Deferred                                                         54       33          70       (21)
                                                               ------   ------      ------   -------
         Total federal income taxes                               325      274         132        88
                                                               ------   ------      ------   -------

         NET EARNINGS                                          $  632   $  533      $  258   $   172
                                                               ======   ======      ======   =======

         EARNINGS PER SHARE
           Basic                                               $  .55   $  .46      $  .22   $   .15
                                                               ======   ======      ======   =======

           Diluted                                             $  .54   $  .45      $  .22   $   .14
                                                               ======   ======      ======   =======
</TABLE>


                                       4
<PAGE>

                            FFD Financial Corporation

           CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

                                 (In thousands)

<TABLE>
<CAPTION>
                                                                 For the nine months       For the three months
                                                                    ended March 31,          ended March 31,
                                                                  2005         2004         2005         2004
<S>                                                                <C>          <C>          <C>          <C>
Net earnings                                                      $ 632         $533        $ 258         $172

Other comprehensive income (loss), net of tax effects:
  Unrealized holding gains (losses) on securities during
    the period, net of taxes (benefits) of $8, $10, $(22),
    and $12 for the respective periods                               16           20          (43)          22
                                                                  -----         ----        -----         ----

Comprehensive income                                              $ 648         $553        $ 215         $194
                                                                  =====         ====        =====         ====

Accumulated comprehensive income (loss)                           $ (50)        $ 28        $ (50)        $ 28
                                                                  =====         ====        =====         ====
</TABLE>


                                       5
<PAGE>

                            FFD Financial Corporation

                CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

                       For the nine months ended March 31,
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                            2005             2004
<S>                                                                     <C>              <C>
Cash flows from operating activities:
  Net earnings for the period                                           $    632         $    533
  Adjustments to reconcile net earnings to net cash
  provided by operating activities:
    Amortization of discounts and premiums on loans,
      investments and mortgage-backed securities - net                         1                4
    Amortization of deferred loan origination costs                           34               27
    Depreciation and amortization                                            134              141
    Provision for losses on loans                                             11               --
    Amortization expense of stock benefit plans                              182              187
    Gain on sale of loans                                                    (54)             (45)
    Proceeds from sale of loans in the secondary market                    8,287           26,110
    Loans originated for sale                                             (9,780)         (24,611)
    Proceeds from sale of  loans to other financial institutions           1,764               --
    Loss on sale of real estate acquired through foreclosure                  --                7
    Federal Home Loan Bank stock dividends                                   (67)             (60)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable                                            (41)               9
      Prepaid expenses and other assets                                       33              (43)
      Accrued interest payable                                                21                3
      Other liabilities                                                     (251)            (581)
      Federal income taxes
        Current                                                              165               96
        Deferred                                                              54               33
                                                                        --------         --------
         Net cash provided by operating activities                         1,125            1,810

Cash flows used in investing activities:
  Proceeds from maturity of investment securities                          1,000            2,500
  Purchase of investment securities                                           --           (5,500)
  Principal repayments on mortgage-backed securities                         254              319
  Loan principal repayments                                               25,310           31,884
  Loan disbursements                                                     (33,518)         (31,367)
  Purchase of office premises and equipment                                 (116)             (64)
                                                                        --------         --------
         Net cash used in investing activities                            (7,070)          (2,228)
                                                                        --------         --------

         Net cash used in operating and investing
           activities (subtotal carried forward)                          (5,945)            (418)
                                                                        --------         --------
</TABLE>


                                       6
<PAGE>

                            FFD Financial Corporation

          CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(CONTINUED)

                       For the nine months ended March 31,
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                                         2005             2004
<S>                                                                                  <C>              <C>
         Net cash used in operating and investing
           activities (subtotal brought forward)                                     $ (5,945)        $   (418)

Cash flows provided by (used in) financing activities:
  Net increase (decrease) in deposit accounts                                           3,866             (848)
  Proceeds from Federal Home Loan Bank advances                                         2,000            1,525
  Repayment of Federal Home Loan Bank advances                                         (2,185)            (149)
  Proceeds from exercise of stock options                                                 234              117
  Purchase of treasury shares                                                            (377)            (279)
  Dividends on common shares                                                             (387)            (377)
                                                                                     --------         --------
         Net cash provided by (used in) financing activities                            3,151              (11)
                                                                                     --------         --------

Net decrease in cash and cash equivalents                                              (2,794)            (429)

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

Cash and cash equivalents at end of period                                           $  8,026         $ 11,814
                                                                                     ========         ========

Supplemental disclosure of cash flow information: Cash paid during the period
  for:
    Federal income taxes                                                             $    135         $    110
                                                                                     ========         ========

    Interest on deposits and borrowings                                              $  1,775         $  1,896
                                                                                     ========         ========

Supplemental disclosure of noncash investing activities:
  Unrealized gains on securities designated as available for
    sale, net of related tax effects                                                 $     16         $     20
                                                                                     ========         ========

  Recognition of mortgage servicing rights in accordance with
    SFAS No. 140                                                                     $    139         $    260
                                                                                     ========         ========
</TABLE>


                                       7
<PAGE>

                            FFD Financial Corporation

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

       For the nine- and three-month periods ended March 31, 2005 and 2004

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 nine- and  three-month  periods ended March 31, 2005, 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,  First  Federal  Community  Bank (the  "Bank")  and  Dover  Service
Corporation, a wholly owned subsidiary of 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  26,339  unallocated  ESOP  shares  for each of the  nine-  and
three-month  periods ended March 31, 2005 and 39,513 unallocated ESOP shares for
each of the nine- and three-month periods ended March 31, 2004. Diluted earnings
per common share  include the dilutive  effect of  additional  potential  common
shares issuable under the Corporation's  stock option plan. The computations are
as follows:

<TABLE>
<CAPTION>
                                            For the nine months ended        For the three months ended
                                                     March 31,                        March 31,

                                                2005             2004             2005             2004
<S>                                        <C>              <C>              <C>              <C>
Weighted-average common shares
  outstanding (basic)                      1,150,631        1,158,483        1,160,163        1,156,331
Dilutive effect of assumed exercise
  of stock options                            21,372           36,123           23,810           36,279
                                           ---------        ---------        ---------        ---------
Weighted-average common shares
  outstanding (diluted)                    1,172,003        1,194,606        1,183,973        1,192,610
                                           =========        =========        =========        =========
</TABLE>


                                       8
<PAGE>

                            FFD Financial Corporation

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

       For the nine- and three-month periods ended March 31, 2005 and 2004

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

The FFD Financial  Corporation 1996 Stock Option and Incentive Plan (the "Plan")
provides  for grants of options to  purchase  169,838  authorized  but  unissued
common shares.

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 and 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 March 31,
2005 and June 30, 2004 and 2003,  and changes  during the periods then ended are
presented below:

<TABLE>
<CAPTION>
                                                March 31,                               June 30,
                                                  2005                      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                                 (25,615)         9.15      (28,365)       9.15        (4,122)        9.17
Forfeited                                     (75)           --       (1,320)       9.54            --          --
                                          -------       -------     --------      ------       -------      ------

Outstanding at end of period               64,308       $10.11        89,998      $ 9.84       115,183      $ 9.47
                                           ======       =======     ========      ======       =======      ======

Options exercisable at period-end          46,444       $  9.51       68,755      $ 9.33        91,809      $ 9.22
                                           ======       =======     ========      ======       =======      ======
Weighted-average fair value of
  options granted during the period                     N/A                       $ 4.36                    $ 3.92
                                                        ===                       ======                    ======

The following information applies to options outstanding at March 31, 2005:

Number outstanding                                                                                           49,156
Range of exercise prices                                                                               $8.38-$10.10
Number outstanding                                                                                           15,152
Range of exercise prices                                                                              $11.17-$14.88
Weighted-average exercise price                                                                              $10.11
Weighted-average remaining contractual life in years                                                      4.5 years
</TABLE>

SFAS No.  123 was  amended in  December  2004 by SFAS No.  123(R),  "Share-Based
Payment" to require  compensation  expense  recognition  beginning  in the first
annual  period  beginning  after  December 15,  2005,  or July 1, 2006 as to the
Corporation.  Management  believes the effect on operations will be as disclosed
in the stock option plan pro-forma disclosures above.


                                       9

<PAGE>

                            FFD Financial Corporation

           MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Forward Looking Statements
--------------------------

Certain  statements  contained in this report that are not historical  facts are
forward-looking  statements that are subject to certain risks and uncertainties.
When used herein, the terms "anticipates,"  "plans," "expects,"  "believes," and
similar  expressions  as they relate to FFD or its  management  are  intended to
identify such forward looking statements.  FFD's actual results,  performance or
achievements  may  materially  differ  from  those  expressed  or implied in the
forward-looking  statements.   Risks  and  uncertainties  that  could  cause  or
contribute to such material differences include, but are not limited to, general
economic conditions,  interest rate environment,  competitive  conditions in the
financial  services  industry,   changes  in  law,   governmental  policies  and
regulations, and rapidly changing technology affecting financial services.

Discussion of Financial  Condition  Changes from June 30, 2004 to March 31, 2005
--------------------------------------------------------------------------------

The Corporation's  total assets at March 31, 2005, were $ 139.7 million,  a $3.8
million, or 2.8%, increase over the total at June 30, 2004.

Cash and cash equivalents  totaled $8.0 million at March 31, 2005, a decrease of
$2.8 million,  or 25.8%,  from the total at June 30, 2004, as liquid assets were
used to fund loan  originations.  Investment  securities totaled $3.4 million at
March 31, 2005, a $978,000,  or 22.2%, decrease over the total at June 30, 2004,
which resulted  primarily  from an investment  that was called for $1.0 million.
Mortgage-backed  securities  totaled $772,000 at March 31, 2005, a $253,000,  or
24.7%,  decrease  compared to the total at June 30, 2004,  which  resulted  from
principal repayments totaling $254,000.

Loans receivable, including loans held for sale, totaled $122.5 million at March
31, 2005,  an increase of $7.9 million,  or 6.9%,  from the June 30, 2004 total.
Loan  disbursements  during the period  totaling  $43.3  million were  partially
offset by principal  repayments  of $25.3  million,  loans sold in the secondary
market of $8.2 million and loans sold to other  financial  institutions  of $1.8
million.  During the nine-month  period ended March 31, 2005, loan  originations
were comprised of $25.2 million of one- to four-family  residential  real estate
loans,  $3.2 million of commercial loans,  $11.3 million of nonresidential  real
estate loans,  $600,000 of multi-family  residential  real estate loans and $3.0
million of consumer loans.  Nonresidential real estate, multi-family residential
real estate and  commercial  lending  generally  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
endeavors  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  $689,000 at March 31, 2005, a decrease of
$90,000,  or 11.6%, from the June 30, 2004 balance of $779,000,  and represented
..55% and .67% of total loans at each of those  respective  dates.  The  decrease
resulted  primarily from charging off commercial  loans. The Bank's impaired and
nonperforming  loans totaled  $531,000 at March 31, 2005, a 31.4%  decrease from
the June 30, 2004 total of $774,000. Approximately $217,000 of specific reserves
have been  allocated  to certain  impaired  and  nonperforming  loans.  Although
management  believes  that the  allowance  for loan losses at March 31, 2005, is
adequate  based  upon the  available  facts and  circumstances,  there can be no
assurance  that  additions  to the  allowance  will not be  necessary  in future
periods, which could adversely affect the Corporation's results of operations.

Deposits  totaled  $109.3  million at March 31, 2005, a $3.9  million,  or 3.7%,
increase  from total  deposits at June 30, 2004.  FHLB  advances  totaled  $12.5
million at March 31, 2005, a $185,000,  or 1.5%, decrease from the June 30, 2004
total.


                                       10
<PAGE>

                            FFD Financial Corporation

     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS (CONTINUED)

Discussion of Financial  Condition  Changes from June 30, 2004 to March 31, 2005
--------------------------------------------------------------------------------
(continued)

Shareholders'  equity  totaled  $17.0  million at March 31, 2005, an increase of
$300,000,  or 1.8%,  over June 30, 2004.  The increase was due  primarily to net
earnings of $632,000,  amortization  of stock benefit plans  totaling  $182,000,
proceeds from the exercise of stock options of $234,000 and unrealized  gains on
securities  designated  as available for sale of $16,000,  which were  partially
offset by dividends paid of $387,000 and share repurchases of $377,000. The Bank
is required  to meet  minimum  capital  standards  promulgated  by the Office of
Thrift Supervision ("OTS"), and at March 31, 2005, the Bank's regulatory capital
exceeded the minimum capital requirements.

Comparison of Operating Results for the Nine-Month Periods Ended March 31, 2005
-------------------------------------------------------------------------------
and 2004
--------

General
-------

The  Corporation's net earnings totaled $632,000 for the nine months ended March
31, 2005,  an increase of $99,000,  or 18.6%,  from the net earnings of $533,000
recorded in the comparable period in 2004. The increase in net earnings resulted
from an  increase  in net  interest  income of  $408,000,  or  14.0%,  which was
partially  offset by increases of $224,000 in general  administrative  and other
expenses,  $51,000 in the provision for federal income taxes,  and a decrease of
$23,000 in other operating income.

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

Total interest  income  increased by $305,000,  or 6.3%, to $5.1 million for the
nine months  ended March 31,  2005,  compared to the nine months ended March 31,
2004. Interest income on loans increased by $244,000,  or 5.3%, due primarily to
an increase of $3.9  million,  or 3.4%,  in the average loan  portfolio  balance
outstanding,  and a 10  basis  point  increase  in  yield.  Interest  income  on
mortgage-backed  securities  decreased by $18,000,  or 39.1%, due primarily to a
$370,000, or 29.6%, decrease in the average balance outstanding. Interest income
on investment securities and interest-bearing  deposits increased by $79,000, or
42.5%,  to a total of $265,000  for the nine months  ended March 31,  2005,  due
primarily  to a 127  basis  point  increase  in yield  year to year,  which  was
partially  offset by a $2.8 million,  or 19.6%,  decrease in the average balance
outstanding.

Total  interest  expense  decreased  by  $103,000,  or 5.4%,  to a total of $1.8
million for the nine months  ended March 31,  2005,  compared to the nine months
ended March 31, 2004.  Interest  expense on deposits  decreased  by $86,000,  or
5.9%,  for the nine months ended March 31, 2005,  compared to the same period in
2004,  due  primarily  to a 15  basis  point  decrease  in the  average  cost of
deposits, to 1.70% for the 2005 nine month period, which was partially offset by
a  $2.4  million,   or  2.3%,  increase  in  the  average  balance  of  deposits
outstanding.  Interest  expense  on  Federal  Home Loan Bank  ("FHLB")  advances
decreased by $17,000,  or 3.8%, due to a decrease of $2.2 million,  or 15.0%, in
the average balance of advances outstanding,  which was partially offset by a 51
basis point increase in the average cost of advances.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income  increased by $408,000,  or 14.0%, for the nine months ended
March 31, 2005,  compared to the same period in 2004.  The interest  rate spread
amounted to 3.20% and 2.80% and the net interest  margin totaled 3.37% and 2.97%
for the nine-month periods ended March 31, 2005 and 2004, respectively.


                                       11
<PAGE>

                            FFD Financial Corporation

     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Nine-Month  Periods Ended March 31, 2005
--------------------------------------------------------------------------------
and 2004 (continued)
--------

Provision for Losses on Loans
-----------------------------

A  provision  for  losses on loans is  charged  to  earnings  to bring the total
allowance for loan losses to a level considered  appropriate by management based
on historical loss experience,  the volume and type of lending  conducted by the
Bank, the status of past due principal and interest  payments,  general economic
conditions,  particularly as such  conditions  relate to the Bank's market area,
and other factors  related to the  collectibility  of the Bank's loan portfolio.
Based  upon  management's  analysis  of  the  allowance  for  loan  losses,  the
Corporation  recorded a $11,000  provision  for losses on loans  during the nine
months ended March 31, 2005,  but did not record a provision for the  comparable
period in 2004.  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.

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

Other  income  totaled  $443,000  for the nine months  ended March 31,  2005,  a
decrease of $23,000, or 4.9%, from the 2004 total due to a decrease of $112,000,
or 36.7%, in gain on sale of loans, which was partially offset by an increase of
$89,000 in other operating income period to period. The decrease in gain on sale
of loans was due primarily to the decrease in sales volume period to period as a
result of the decline in the number of refinancings  from the comparable  period
in 2004.  The  increase  in other  operating  income  consisted  primarily  of a
decrease in the  amortization  of mortgage  servicing  rights and  increases  in
miscellaneous operating income.

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

General,  administrative  and other  expense  totaled  $2.8 million for the nine
months ended March 31, 2005, an increase of $224,000,  or 8.7%,  compared to the
same period in 2004. The increase in general,  administrative  and other expense
includes increases of $156,000, or 13.7%, in employee compensation and benefits,
$76,000, or 10.1%, in other operating expense,  $2,000 or .9% in data processing
and  $1,000,  or .6%,  in  franchise  taxes,  which were  partially  offset by a
decrease of $4,000, or 1.4%, in occupancy and equipment expenses and the absence
of the $7,000  loss on real  estate  acquired  through  foreclosure  in the 2004
period. The increase in employee  compensation and benefits was due primarily to
increases in employee  compensation,  a one time severance expense and a decline
in deferred  loan  origination  costs  related to the reduction in the number of
loans originated period to period.

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

The Corporation  recorded a provision for federal income taxes totaling $325,000
for the nine months ended March 31, 2005, an increase of $51,000, or 18.6%, over
the same period in 2004. The increase  resulted  primarily  from a $150,000,  or
18.6%,  increase in earnings before taxes. The Corporation's  effective tax rate
was 34.0% for each of the nine month periods ended March 31, 2005 and 2004.

Comparison of Operating Results for the Three-Month Periods Ended March 31, 2005
--------------------------------------------------------------------------------
and 2004
--------

General
-------

The Corporation's net earnings totaled $258,000 for the three months ended March
31, 2005,  an increase of $86,000,  or 50.0%,  from the net earnings of $172,000
recorded in the comparable period in 2004. The increase in net earnings resulted
from increases of $197,000,  or 19.8%,  in net interest  income and $20,000,  or
19.0%, in other operating  income,  which were partially  offset by increases of
$80,000,  or 9.5% in  general,  administrative  and other  expenses,  $44,000 in
federal income taxes, and $7,000 in the provision for losses on loans.


                                       12
<PAGE>

                            FFD Financial Corporation

     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Three-Month Periods Ended March 31, 2005
--------------------------------------------------------------------------------
and 2004 (continued)
--------

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

Total interest income  increased by $204,000,  or 12.7%, to $1.8 million for the
three months ended March 31, 2005,  compared to the three months ended March 31,
2004. Interest income on loans increased by $196,000, or 13.0%, due primarily to
an increase of $7.4  million,  or 6.5%,  in the average loan  portfolio  balance
outstanding  and  a 32  basis  point  increase  in  yield.  Interest  income  on
mortgage-backed  securities  decreased by $4,000,  or 30.8%,  due primarily to a
$405,000,  or 33.6%,  decrease in the average balance outstanding and a 29 basis
point   decrease   in  yield.   Interest   income  on   investment   securities,
interest-bearing  deposits and other increased by $12,000,  or 14.6%, to a total
of $94,000 for the three  months ended March 31,  2005,  due  primarily to a 132
basis point increase in yield, which was partially offset by a $5.2 million,  or
31.2%, decrease in the average balance outstanding.

Total interest expense  increased by $7,000,  or 1.1%, to $616,000 for the three
months ended March 31, 2005,  compared to the three months ended March 31, 2004.
Interest expense on deposits increased by $18,000, or 3.9%, due primarily to a 2
basis  point  increase  in the  average  cost of  deposits to 1.74% for the 2005
quarter,  and a $2.6  million,  or 2.4%,  increase  in the  average  balance  of
deposits  outstanding  period  to  period.  Interest  expense  on FHLB  advances
decreased by $11,000,  or 7.3%, due to a reduction of $2.8 million, or 18.2%, in
the average balance of advances outstanding,  which was partially offset by a 54
basis point increase in the average cost of advances.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income increased by $197,000,  or 19.8%, for the three months ended
March 31, 2005,  compared to the same period in 2004.  The interest  rate spread
amounted  to 3.42% and 2.89%,  and the net  interest  margin  totaled  3.58% and
3.04%, for the three-month periods ended March 31, 2005 and 2004, respectively.

Provision for Losses on Loans
-----------------------------

The Corporation recorded a $7,000 provision for losses on loans during the three
months ended March 31, 2005,  but did not record a provision for the  comparable
quarter in 2004.  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.

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

Other income  totaled  $125,000  for the three  months ended March 31, 2005,  an
increase of $20,000,  or 19.0%,  from the 2004 total. The increase was due to an
increase of $45,000,  or 84.9%,  in gain on sale of loans,  which was  partially
offset by a decrease of $25,000 in other  operating  income  quarter to quarter.
The  increase in gain on sale of loans was due  primarily  to an increase in the
value of mortgage servicing rights,  which was partially offset by a decrease in
gain on sale of  loans  sold in the  secondary  market  period  to  period.  The
decrease  in sales  volume  is  attributable  to the  decline  in the  number of
refinancings from the comparable period in 2004. The decrease in other operating
income consisted primarily of decreases in miscellaneous operating income, which
were partially offset by mortgage servicing rights income.


                                       13
<PAGE>

                            FFD Financial Corporation

     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS (CONTINUED)

Comparison of Operating Results for the Three-Month Periods Ended March 31, 2005
--------------------------------------------------------------------------------
and 2004 (continued)
--------

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

General,  administrative and other expense totaled $921,000 for the three months
ended March 31,  2005,  an increase  of $80,000,  or 9.5%,  compared to the same
period in 2004.  The  increase  in  general,  administrative  and other  expense
includes increases of $41,000, or 10.8%, in employee  compensation and benefits,
and $46,000,  or 20.5%, in other operating expense,  which were partially offset
by decreases of $6,000,  or 7.1%, in data  processing,  and $1,000,  or 1.9%, in
franchise  tax.  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 $132,000
for the three  months ended March 31,  2005,  an increase of $44,000,  or 50.0%,
over the same period in 2004. The increase  resulted  primarily from a $130,000,
or 50.0%,  increase in earnings before taxes.  The  Corporation's  effective tax
rates were 33.8% for each of the three months ended March 31, 2005 and 2004.

Subsequent Event
----------------

The   Corporation's   third-party  data  processor  is  Intrieve,   Incorporated
("Intrieve")  of  Cincinnati,  Ohio,  formerly  known as  Savings  and Loan Data
Corporation  ("SLDC").  Pursuant to the terms of the  original  data  processing
agreement  with SLDC,  the Bank was  required to purchase  2,000 shares of SLDC.
Intrieve  was  acquired by Harland  Financial  Solutions,  Inc.,  a wholly owned
subsidiary of the John H. Harland Company.  In connection with this transaction,
the Corporation recognized an approximate $215,000 after-tax gain in April 2005.

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

The  Corporation's  Chief  Executive  Officer and Chief  Financial  Officer have
evaluated 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.  There were no
changes in the Corporation's internal controls which materially affected, or are
reasonably likely to materially effect, the Corporation's internal controls over
financial reporting.


                                       14
<PAGE>

                           FFD Financial Corporation

                                    PART II

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

Not applicable

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

      (a)   During the quarter ended March 31, 2005,  the  Corporation  issued a
            total of  16,670  unregistered  shares  upon the  exercise  of stock
            options for an aggregate purchase price of $169,451.  The 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 (1)         or programs
<S>                                             <C>             <C>              <C>                <C>
           January 1 2005
                through
           January 31, 2005                     6,644           $16.08           6,644              33,737

           February 1, 2005
                through
           February 28, 2005                       --               --              --                  --

           March 1, 2005
                through
           March 31, 2005                          --               --              --                  --
                                                -----           ------           -----              ------

                         Total                  6,644           $16.08           6,644              33,737
                                                =====            =====           =====              ======
</TABLE>

------------

(1)   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 a program  announced  June 10,  2004 (the  "Program").
      Unless  earlier  terminated  by the Board of  Directors,  the Program will
      expire when the  Corporation  has  repurchased  all shares  authorized for
      repurchase  under  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.

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

      Not applicable


                                       15
<PAGE>

                            FFD Financial Corporation

                               PART II (CONTINUED)

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

      Not applicable

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


                                       16
<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: May 16, 2005           By:  /s/Trent B. Troyer
     ---------------------        ----------------------------------------------
                                    Trent B. Troyer
                                    President and Chief Executive Officer


Date: May 16, 2005           By:  /s/Robert R. Gerber
     ---------------------        ----------------------------------------------
                                    Robert R. Gerber
                                    Vice President, Treasurer and Chief
                                    Financial Officer


                                       17