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

                                   FORM 10-QSB

(Mark One)

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

For the quarterly period ended September 30, 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 |_|

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12 6-2 of the Exchange Act)

Yes |_|     No |X|

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  November 10, 2005 - 1,192,253 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                                                  13

SIGNATURES                                                                    14


                                       2
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                        (In thousands, except share data)

<TABLE>
<CAPTION>
                                                                          September 30,         June 30,
         ASSETS                                                                    2005             2005
                                                                            (Unaudited)
<S>                                                                           <C>              <C>
Cash and due from banks                                                       $   1,821        $   2,113
Interest-bearing deposits in other financial institutions                         7,826            5,672
                                                                              ---------        ---------
         Cash and cash equivalents                                                9,647            7,785

Investment securities designated as available for sale - at market                3,461            3,485
Mortgage-backed securities designated as available for sale - at market             485              500
Mortgage-backed securities held to maturity - at amortized cost,
  approximate market value of $215 and $225 as of September 30,
  2005 and June 30, 2005, respectively                                              207              220
Loans receivable - net                                                          136,178          131,168
Loans held for sale - at lower of cost or market                                    339              325
Office premises and equipment - at depreciated cost                               2,003            2,031
Stock in Federal Home Loan Bank - at cost                                         2,166            2,140
Accrued interest receivable                                                         496              450
Prepaid expenses and other assets                                                   184              239
Prepaid federal income taxes                                                        110              252
                                                                              ---------        ---------

         Total assets                                                         $ 155,276        $ 148,595
                                                                              =========        =========

         LIABILITIES AND SHAREHOLDERS' EQUITY

Deposits                                                                      $ 112,234        $ 111,495
Advances from the Federal Home Loan Bank                                         23,786           17,880
Accrued interest payable                                                            165              155
Other liabilities                                                                 1,241            1,385
Deferred federal income taxes                                                       250              242
                                                                              ---------        ---------
         Total liabilities                                                      137,676          131,157

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                                                      7,997            7,987
  Retained earnings - restricted                                                 13,131           12,954
  Accumulated comprehensive loss; unrealized losses on securities
    designated as available for sale, net of related tax benefits                   (24)              (9)
  Shares acquired by stock benefit plans                                           (334)            (334)
  Less 262,497 and 264,773 treasury shares at September 30, 2005 and
    June 30, 2005, respectively - at cost                                        (3,170)          (3,160)
                                                                              ---------        ---------
         Total shareholders' equity                                              17,600           17,438
                                                                              ---------        ---------

         Total liabilities and shareholders' equity                           $ 155,276        $ 148,595
                                                                              =========        =========
</TABLE>


                                       3
<PAGE>

                            FFD Financial Corporation

                       CONSOLIDATED STATEMENTS OF EARNINGS

             For the three months ended September 30, 2005 and 2004
                     (In thousands, except per share data)
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                   2005       2004
<S>                                                             <C>        <C>
Interest income
  Loans                                                         $ 2,060    $ 1,524
  Mortgage-backed securities                                          8         10
  Investment securities, interest-bearing deposits and other         95         78
                                                                -------    -------
         Total interest income                                    2,163      1,612

Interest expense
  Deposits                                                          605        437
  Borrowings                                                        229        143
                                                                -------    -------
         Total interest expense                                     834        580
                                                                -------    -------

         Net interest income                                      1,329      1,032

Provision for losses on loans                                        30         --
                                                                -------    -------

         Net interest income after provision
           for losses on loans                                    1,299      1,032

Other income
  Gain on sale of loans                                              78         69
  Gain on redemption of securities                                   16         --
  Other operating                                                    97         95
                                                                -------    -------
         Total other income                                         191        164

General, administrative and other expense
  Employee compensation and benefits                                415        414
  Occupancy and equipment                                           100         92
  Franchise taxes                                                    53         55
  Data processing                                                   126         99
  Other operating                                                   329        227
                                                                -------    -------
         Total general, administrative and other expense          1,023        887
                                                                -------    -------

         Earnings before income taxes                               467        309

Federal income taxes
  Current                                                           142        122
  Deferred                                                           17        (17)
                                                                -------    -------
         Total federal income taxes                                 159        105
                                                                -------    -------

         NET EARNINGS                                           $   308    $   204
                                                                =======    =======

         EARNINGS PER SHARE
           Basic                                                $   .26    $   .18
                                                                =======    =======

           Diluted                                              $   .26    $   .17
                                                                =======    =======
</TABLE>


                                       4
<PAGE>

                            FFD Financial Corporation

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

             For the three months ended September 30, 2005 and 2004
                                 (In thousands)
                                   (Unaudited)

                                                                  2005      2004

Net earnings                                                     $ 308     $ 204

Other comprehensive income (loss), net of tax:
  Unrealized holding gains (losses) on securities during
    the period, net of taxes (benefits) of $(8) and $37 in
    2005 and 2004, respectively                                    (15)       71
                                                                 -----     -----

Comprehensive income                                             $ 293     $ 275
                                                                 =====     =====

Accumulated comprehensive income (loss)                          $ (24)    $   5
                                                                 =====     =====


                                       5
<PAGE>

                            FFD Financial Corporation

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

             For the three months ended September 30, 2005 and 2004
                                 (In thousands)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                       2005         2004
<S>                                                                <C>          <C>
Cash flows from operating activities:
  Net earnings for the period                                      $    308     $    204
  Adjustments to reconcile net earnings to net cash
  provided by operating activities:
    Amortization of deferred loan origination costs                      13           12
    Depreciation and amortization                                        39           46
    Gain on redemption of investment securities                         (16)          --
    Provision for losses on loans                                        30           --
    Gain on sale of mortgage loans                                      (38)         (18)
    Loans originated for sale in the secondary market                (4,181)      (2,041)
    Proceeds from sale of loans in the secondary market               4,205        2,054
    Proceeds from sale of loans to other financial institutions       1,158          238
    Federal Home Loan Bank stock dividends                              (26)         (22)
    Increase (decrease) in cash due to changes in:
      Accrued interest receivable                                       (46)         (20)
      Prepaid expenses and other assets                                  55           68
      Accrued interest payable                                           10            2
      Other liabilities                                                (144)         (82)
      Federal income taxes
        Current                                                         142          122
        Deferred                                                         17          (17)
                                                                   --------     --------
         Net cash provided by  operating activities                   1,526          546

Cash flows used in investing activities:
  Proceeds from redemption of investment securities                      16           --
  Principal repayments on mortgage-backed securities                     28           90
  Loan principal repayments                                          10,787        9,199
  Loan disbursements                                                (16,998)     (12,239)
  Purchase of office premises and equipment                             (11)         (12)
                                                                   --------     --------
         Net cash used in investing activities                       (6,178)      (2,962)

Cash flows provided by financing activities:
  Net increase in deposit accounts                                      739          865
  Repayment of Federal Home Loan Bank advances                       (5,094)      (1,062)
  Proceeds from Federal Home Loan Bank advances                      11,000        1,000
  Proceeds from exercise of stock options                                64           81
  Dividends on common stock                                            (131)        (125)
  Purchase of treasury stock                                            (64)        (132)
                                                                   --------     --------
         Net cash provided by financing activities                    6,514          627
                                                                   --------     --------

Net increase (decrease) in cash and cash equivalents                  1,862       (1,789)

Cash and cash equivalents at beginning of period                      7,785       10,820
                                                                   --------     --------

Cash and cash equivalents at end of period                         $  9,647     $  9,031
                                                                   ========     ========
</TABLE>


                                       6
<PAGE>

                            FFD Financial Corporation

                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

             For the three months ended September 30, 2005 and 2004
                                 (In thousands)
                                   (Unaudited)

                                                                    2005    2004

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

    Interest on deposits and borrowings                             $824    $578
                                                                    ====    ====

Supplemental disclosure of noncash investing activities:
  Unrealized gains (losses) on securities designated as available
    for sale, net of related tax effects                            $(15)   $ 71
                                                                    ====    ====

  Recognition of mortgage servicing rights in accordance
    with SFAS No. 140                                               $ 40    $ 51
                                                                    ====    ====


                                       7
<PAGE>

                            FFD Financial Corporation

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

          For the three-month periods ended September 30, 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,  2005.  However,  in  the  opinion  of  management,   all  adjustments
(consisting of only normal  recurring  accruals)  which are necessary for a fair
presentation  of the financial  statements  have been  included.  The results of
operations  for  the  three-month  period  ended  September  30,  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 and 39,513  unallocated  ESOP  shares for the  three-month
periods ended September 30, 2005 and 2004,  respectively.  Diluted  earnings per
common share include the dilutive effect of additional  potential  common shares
issuable  under the  Corporation's  stock option plan. The  computations  are as
follows:

                                                         2005         2004

      Weighted-average common shares
        outstanding (basic)                         1,164,448    1,148,959
      Dilutive effect of assumed exercise
        of stock options                               21,307       25,573
                                                    ---------    ---------
      Weighted-average common shares
        outstanding (diluted)                       1,185,755    1,174,532
                                                    =========    =========


                                       8
<PAGE>

                            FFD Financial Corporation

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

          For the three-month periods ended September 30, 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.  Such  disclosures  are not included here due to
materiality.

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: dividend yield of 3.0%; expected volatility of 38.2%;
risk-free  interest  rates of 4.3% and an  expected  life of ten  years  for all
grants.

A summary of the status of the  Corporation's  stock option plan as of September
30, 2005 and June 30, 2005 and 2004,  and changes  during the periods then ended
are presented below:

<TABLE>
<CAPTION>
                                                September 30,                                June 30,
                                                    2005                         2005                         2004
                                                       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          60,618        $10.17         89,998        $ 9.84        115,183        $ 9.47
Granted                                         --            --             --            --          4,500         14.87
Exercised                                   (5,997)        10.71        (29,305)         9.15        (28,365)         9.15
Forfeited                                       --            --            (75)        12.48         (1,320)         9.54
                                          --------        ------       --------        ------       --------        ------

Outstanding at end of period                54,621        $10.11         60,618        $10.17         89,998        $ 9.84
                                          ========        ======       ========        ======       ========        ======

Options exercisable at period-end           40,834        $ 9.51         46,831        $ 9.66         68,755        $ 9.33
                                          ========        ======       ========        ======       ========        ======
Weighted-average fair value of
  options granted during the period                          N/A                          N/A                       $ 4.36
                                                          ======                       ======                       ======
</TABLE>

The following information applies to options outstanding at September 30, 2005:

Number outstanding                                                        43,621
Range of exercise prices                                            $8.38-$10.10
Number outstanding                                                        11,000
Range of exercise prices                                           $12.00-$14.88
Weighted-average exercise price                                           $10.11
Weighted-average remaining contractual life in years                   4.4 years

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. To the extent options are granted, expense will be recognized based
on the fair value of such shares on the grant date.


                                       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
and local 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, 2005 to September 30,
--------------------------------------------------------------------------------
2005
----

The  Corporation's  total assets at September 30, 2005, were $155.3  million,  a
$6.7 million, or 4.5%, increase over the total at June 30, 2005.

Cash and cash  equivalents  totaled  $9.6  million at  September  30,  2005,  an
increase of $1.9 million, or 23.9%, from the total at June 30, 2005.  Investment
securities  totaled  $3.5 million at  September  30,  2005, a $24,000,  or 0.7%,
decrease over the total at June 30, 2005, which resulted  primarily from mark to
market  adjustments  under  SFAS No.  115.  Mortgage-backed  securities  totaled
$692,000 at September  30, 2005, a $28,000,  or 3.9%,  decrease  compared to the
total at June 30, 2005, which resulted from principal repayments.

Loans  receivable,  including  loans held for sale,  totaled  $136.5  million at
September 30, 2005, an increase of $5.0 million, or 3.8%, from the June 30, 2005
total.  Loan  disbursements  during  the  period  totaling  $21.2  million  were
partially  offset by principal  repayments of $10.8  million,  loans sold in the
secondary market of $4.2 million and loans sold to other financial  institutions
of $1.2 million.  During the  three-month  period ended September 30, 2005, loan
originations were comprised of $11.8 million of one- to four-family  residential
real estate loans,  $700,000 of commercial loans, $7.2 million of nonresidential
real estate loans,  $200,000 of multi-family  residential  real estate loans and
$1.3  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 $710,000 at September 30, 2005, a decrease
of  $66,000,  or  8.51%,  from  the June  30,  2005  balance  of  $776,000,  and
represented .51% and .57% of total loans at each of those  respective  dates. At
September  30,  2005,  the  allowance  was  comprised  of $577,000  allocated to
homogeneous  loan types and $133,000  allocated to impaired loans.  These totals
compare to an  allocation  of  $576,000  to  homogeneous  loans and  $200,000 to
impaired loans at June 30, 2005.  The Bank's  impaired and  nonperforming  loans
totaled $1.6 million at September  30, 2005, a 33.3%  increase from the June 30,
2005 total of $1.2 million.  Although management believes that the allowance for
loan losses at September  30, 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  $112.2  million at September  30,  2005, a $739,000,  or .7%,
increase  from total  deposits at June 30, 2005.  FHLB  advances  totaled  $23.8
million at September 30, 2005, a $5.9 million, or 33.0%,  increase from the June
30, 2005 total. The increase in FHLB advances was used to fund loan growth.


                                       10
<PAGE>

                            FFD Financial Corporation

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

Discussion  of Financial  Condition  Changes from June 30, 2005 to September 30,
--------------------------------------------------------------------------------
2005 (continued)
----------------

Shareholders' equity totaled $17.6 million at September 30, 2005, an increase of
$162,000,  or .93%,  over June 30, 2005.  The increase was due  primarily to net
earnings  of  $308,000,  which were  partially  offset by  unrealized  losses on
securities  designated as available  for sale of $15,000 and  dividends  paid of
$131,000.  The Bank is required to meet minimum capital standards promulgated by
the Office of Thrift Supervision  ("OTS"), and at September 30, 2005, the Bank's
regulatory capital exceeded the minimum capital requirements.

Comparison of Operating Results for the Three-Month  Periods Ended September 30,
--------------------------------------------------------------------------------
2005 and 2004
-------------

General
-------

The  Corporation's  net  earnings  totaled  $308,000  for the three months ended
September 30, 2005, an increase of $104,000,  or 51.0%, from the net earnings of
$204,000 recorded in the comparable period in 2004. The increase in net earnings
resulted  from  increases of  $297,000,  or 28.8%,  in net  interest  income and
$27,000,  or 16.5%, in other operating  income,  which were partially  offset by
increases of $136,000,  or 15.3% in general,  administrative and other expenses,
$54,000 in federal  income  taxes,  and $30,000 in the  provision  for losses on
loans.

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

Total interest income  increased by $551,000,  or 34.2%, to $2.2 million for the
three  months  ended  September  30,  2005,  compared to the three  months ended
September 30, 2004.  Interest income on loans  increased by $536,000,  or 35.2%,
due  primarily to an increase of $18.3  million,  or 15.8%,  in the average loan
portfolio balance  outstanding and a 88 basis point increase in yield.  Interest
income  on  mortgage-backed  securities  decreased  by  $2,000,  or  20.0%,  due
primarily to a $272,000,  or 27.9%, decrease in the average balance outstanding,
which was  partially  offset by a 79 basis  point  increase  in yield.  Interest
income on investment securities,  interest-bearing  deposits and other increased
by $17,000, or 21.8%, to a total of $95,000 for the three months ended September
30,  2005,  due  primarily  to a 173 basis point  increase  in yield,  which was
partially  offset by a $3.8 million,  or 29.2%,  decrease in the average balance
outstanding.

Total  interest  expense  increased by $254,000,  or 43.8%,  to $834,000 for the
three  months  ended  September  30,  2005,  compared to the three  months ended
September  30, 2004.  Interest  expense on deposits  increased  by $168,000,  or
38.4%,  due  primarily  to a 51 basis  point  increase  in the  average  cost of
deposits to 2.16% for the 2005 quarter, and a $5.9 million, or 5.6%, increase in
the average balance of deposits  outstanding period to period.  Interest expense
on FHLB  advances  increased  by $86,000,  or 60.1%,  due to an increase of $7.9
million,  or 61.6%,  in the average balance of advances  outstanding,  which was
partially offset by a 4 basis point decrease in the average cost of advances.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income increased by $297,000,  or 28.8%, for the three months ended
September  30,  2005,  compared to the same period in 2004.  The  interest  rate
spread  amounted to 3.49% and 3.01%,  and the net interest  margin totaled 3.69%
and 3.18%,  for the  three-month  periods  ended  September  30,  2005 and 2004,
respectively.

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

The  Corporation  recorded a $30,000  provision  for losses on loans  during the
three months ended September 30, 2005, without a corresponding 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.


                                       11
<PAGE>

                            FFD Financial Corporation

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

Comparison of Operating Results for the Three-Month  Periods Ended September 30,
--------------------------------------------------------------------------------
2005 and 2004 (continued)
-------------------------

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

Other income totaled  $191,000 for the three months ended September 30, 2005, an
increase of $27,000,  or 16.5%, from the 2004 total. The increase was due to the
receipt of $16,000 in holdback  proceeds  from the  previously  reported gain on
redemption of securities by Harland Financial Solutions,  Inc., and increases of
$9,000,  or 13.0%,  in the gain on sale of loans and $2,000,  or 2.1%,  in other
operating income.

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

General,  administrative  and other  expense  totaled $1.0 million for the three
months ended September 30, 2005, an increase of $136,000,  or 15.3%, compared to
the same  period in 2004.  The  increase in  general,  administrative  and other
expense includes increases of $102,000,  or 44.9%, in other operating,  $27,000,
or 27.3%, in data processing,  $8,000, or 8.7%, in occupancy and equipment,  and
$1,000,  or .2%, in employee  compensation  and benefits.  The increase in other
operating   expense  was  attributable  to  $62,000  in  costs  related  to  the
Corporation's growth year to year and $40,000 in non-recurring costs.

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

The Corporation  recorded a provision for federal income taxes totaling $159,000
for the three months ended September 30, 2005, an increase of $54,000, or 51.4%,
over the same period in 2004. The increase  resulted  primarily from a $158,000,
or 51.1%,  increase in earnings before taxes.  The  Corporation's  effective tax
rate was 34.0% for each of the three-month  periods ended September 30, 2005 and
2004.

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.


                                       12
<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  September 30, 2005, the  Corporation
                  issued a total of 2,276 unregistered  shares upon the exercise
                  of stock options for an aggregate  purchase  price of $24,379.
                  The sales were  exempt from  registration  pursuant to section
                  4(2) of the Securities Act of 1933, as amended.

            (b)   None

            (c)   None

            (d)   None

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

            Not applicable

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


                                       13
<PAGE>

                            FFD Financial Corporation

                                   SIGNATURES
                                   ----------

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

                                        FFD FINANCIAL CORPORATION


Date: November 14, 2005                 By: /s/Trent B. Troyer
      --------------------------            ------------------------------------
                                            Trent B. Troyer
                                            President and Chief Executive
                                            Officer


Date: November 14, 2005                 By: /s/Robert R. Gerber
      --------------------------            ------------------------------------
                                            Robert R. Gerber
                                            Vice President, Treasurer and Chief
                                            Financial Officer


                                       14