SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20552

                                    FORM 10-Q


[X]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

For the quarterly period ended December 31, 2002.

[ ]  Transition  Report  pursuant  to  Section  13 or  15(d)  of the  Securities
     Exchange Act of 1934

For the transition period from                 to
                               ---------------    ---------------

Commission File Number 0-24948
                       -------

                                PVF Capital Corp.
       -----------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         United States                                        34-1659805
-----------------------------------------------------------------------------
(State or other jurisdiction of                         (I.R.S. Employer
  incorporation or organization)                       Identification No.)

        30000 Aurora Road, Solon, Ohio                    44139
   ----------------------------------------------------------------
   (Address of principal executive offices)            (Zip Code)

                                 (440) 248-7171
       -----------------------------------------------------------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
       -----------------------------------------------------------------
        (Former name, former address and former fiscal year, if changed
                               since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  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 an  accelerated  filer (as
defined in Rule 12b-2 of the Exchange Act).

                                          YES        NO  X
                                              ---       ---

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

Common Stock, $0.01 Par Value                            5,790,959
-----------------------------                 ---------------------------------
            (Class)                           (Outstanding at January 31, 2003)

<PAGE>
                                PVF CAPITAL CORP.


                                      INDEX


                                                                            Page

Part I      Financial Information

  Item 1    Financial Statements

            Consolidated Statements of Financial
            Condition, December 31, 2002 (unaudited)
            June 30, 2002                                                     1

            Consolidated Statements of Operations
            for the three and six months ended
            December 31, 2002 and 2001 (unaudited)                             2

            Consolidated Statements of Cash Flows
            for the six months ended December 31,
            2002 and 2001 (unaudited)                                          3

            Notes to Consolidated Financial
            Statements (unaudited)                                             4

  Item 2    Management's Discussion and Analysis of
            Financial Condition and Results of
            Operations                                                         6

  Item 3    Quantitative and Qualitative Disclosures
            about Market Risk                                                 13

  Item 4    Controls and Procedures                                           13

Part II     Other Information                                                 13

<PAGE>
PART I   FINANCIAL INFORMATION
ITEM 1

                                PVF CAPITAL CORP.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION


<TABLE>
<CAPTION>
                                                                         DECEMBER 31      JUNE 30,
                  ASSETS                                                   2002            2002
                  ------                                                 UNAUDITED
                                                                      -------------    -------------
<S>                                                                   <C>              <C>
Cash and cash equivalents:
     Cash and amounts due from depository institutions                $   4,012,717    $   4,526,976

     Interest bearing deposits                                            9,380,343        1,736,712
     Federal funds sold                                                   3,050,000        8,050,000
                                                                      -------------    -------------

Total cash and cash equivalents                                          16,443,060       14,313,688
Securities held to maturity                                              35,073,857       55,121,211
Mortgage-backed securities held to maturity                               4,485,775        7,297,206
Loans receivable, net                                                   587,707,764      563,550,556
Loans receivable held for sale, net                                      31,308,517       11,679,735
Office properties and equipment, net                                     11,076,624        9,817,348
Real estate owned, net                                                      533,798          564,316
Real estate held for investment                                           1,650,000        1,650,000
Stock in the Federal Home Loan Bank of Cincinnati                        10,199,692        9,947,624
Prepaid expenses and other assets                                         6,060,450        5,678,431
                                                                      -------------    -------------
Total Assets                                                          $ 704,539,537    $ 679,620,115
                                                                      =============    =============

      LIABILITIES AND STOCKHOLDERS' EQUITY
      ------------------------------------

Liabilities
   Deposits                                                           $ 498,929,424    $ 479,672,218
   Advances from the Federal Home Loan Bank of Cincinnati               120,710,781      120,739,695
   Notes payable                                                          7,252,080        8,288,020
   Advances from borrowers for taxes and insurance                        8,072,797        7,320,613
   Accrued expenses and other liabilities                                14,206,141       11,300,991
                                                                      -------------    -------------
Total Liabilities                                                       649,171,223      627,321,537

Stockholders' Equity
   Serial preferred stock, none issued                                           --               --
   Common stock, $0.01 par value, 15,000,000 shares authorized;
       6,087,735 and 6,045,352 shares issued, respectively                   60,877           60,454
   Additional paid-in-capital                                            37,445,969       37,342,458
   Retained earnings-substantially restricted                            20,773,799       17,697,883
   Treasury Stock, at cost 296,776 and 260,251 shares, respectively      (2,912,331)      (2,802,217)
                                                                      -------------    -------------
Total Stockholders' Equity                                               55,368,314       52,298,578
                                                                      -------------    -------------
Total Liabilities and Stockholders' Equity                            $ 704,539,537    $ 679,620,115
                                                                      =============    =============
</TABLE>

See accompanying notes to consolidated financial statements

                                     PAGE 1
<PAGE>
PART I   FINANCIAL INFORMATION
ITEM 1

                                PVF CAPITAL CORP.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                        THREE MONTHS ENDED            SIX MONTHS ENDED
                                                                           DECEMBER 31,                 DECEMBER 31,
                                                                     -----------------------------------------------------
                                                                         2002          2001          2002          2001
<S>                                                                  <C>           <C>           <C>           <C>
Interest income
   Loans                                                             $10,486,097   $11,635,767   $20,920,563   $23,245,898
   Mortgage-backed securities                                             75,652       193,935       175,984       435,759
   Cash and securities                                                   737,575       884,842     1,607,263     1,922,325
                                                                     -----------   -----------   -----------   -----------
               Total interest income                                  11,299,324    12,714,544    22,703,810    25,603,982
                                                                     -----------   -----------   -----------   -----------
Interest expense
   Deposits                                                            3,923,304     5,403,849     8,353,611    11,642,564
   Borrowings                                                          1,393,667     1,600,821     2,788,671     3,246,911
                                                                     -----------   -----------   -----------   -----------
               Total interest expense                                  5,316,971     7,004,670    11,142,282    14,889,475
                                                                     -----------   -----------   -----------   -----------

               Net interest income                                     5,982,353     5,709,874    11,561,528    10,714,507

Provision for loan losses                                                      0       228,000             0       353,000
                                                                     -----------   -----------   -----------   -----------
               Net interest income after provision for loan losses     5,982,353     5,481,874    11,561,528    10,361,507
                                                                     -----------   -----------   -----------   -----------
Noninterest income, net
   Service and other fees                                                218,279       169,632       347,703       305,579
   Mortgage banking activities, net                                    1,534,385       884,269     2,130,699     1,494,803
   Other, net                                                             85,598        16,084       109,688        50,889
                                                                     -----------   -----------   -----------   -----------
               Total noninterest income, net                           1,838,262     1,069,985     2,588,090     1,851,271
                                                                     -----------   -----------   -----------   -----------
Noninterest expense
   Compensation and benefits                                           2,223,861     2,117,296     4,327,421     3,923,019
   Office, occupancy, and equipment                                      775,274       645,078     1,522,444     1,266,530
   Other                                                               1,413,130       969,787     2,363,842     1,701,297
                                                                     -----------   -----------   -----------   -----------
               Total noninterest expense                               4,412,265     3,732,161     8,213,707     6,890,846
                                                                     -----------   -----------   -----------   -----------
               Income before federal income tax provision              3,408,350     2,819,698     5,935,911     5,321,932

Federal income tax provision                                           1,151,190       977,177     1,991,665     1,808,707
                                                                     -----------   -----------   -----------   -----------
               Net income                                            $ 2,257,160   $ 1,842,521   $ 3,944,246   $ 3,513,225
                                                                     ===========   ===========   ===========   ===========
Basic earnings per share                                             $      0.39   $      0.32   $      0.68   $      0.61
                                                                     ===========   ===========   ===========   ===========
Diluted earnings per share                                           $      0.38   $      0.31   $      0.67   $      0.59
                                                                     ===========   ===========   ===========   ===========
</TABLE>

See accompanying notes to consolidated financial statements

                                     PAGE 2

<PAGE>
PART I   FINANCIAL INFORMATION
ITEM 1

                                PVF CAPITAL CORP.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                       SIX MONTHS ENDED
                                                                                         DECEMBER 31,
                                                                               ------------------------------
                                                                                     2002             2001
                                                                                     ----             ----
<S>                                                                            <C>              <C>
OPERATING ACTIVITIES
   Net income                                                                  $   3,944,246    $   3,513,225
   Adjustments to reconcile net income to net cash provided by (used in)
   operating activities
      Depreciation and amortization                                                  664,097          784,668
      Provision for losses on loans                                                        0          353,000
      Accretion of unearned discount and deferred loan origination fees, net        (608,691)        (522,699)
      Gain on sale of loans receivable held  for sale, net                        (2,502,412)      (1,496,564)
      Gain on disposal of real estate owned, net                                           0          (13,744)
      Federal Home Loan Bank stock dividends                                        (252,068)        (299,195)
      Change in accrued interest on investments, loans, and borrowings, net           66,056       (1,521,630)
      Origination of loans receivable held for sale, net                        (188,241,355)    (158,653,305)
      Sale of loans receivable held for sale, net                                171,114,985      154,594,493
      Decrease in other, net                                                       3,302,134          676,128
                                                                               -------------    -------------
               Net cash provided by (used in) operating activities               (12,513,008)      (2,585,623)
                                                                               -------------    -------------
INVESTING ACTIVITIES
      Loan and mortgage-backed securities repayments and originations, net       (20,822,222)     (12,789,612)
      Disposals of real estate owned                                                  22,779          223,451
      Securities purchased                                                       (30,000,000)               0
      Securities maturities                                                       50,047,354           44,493
      Additions to office properties and equipment, net                           (1,923,373)      (1,901,894)
      Increase in real estate held for investment                                          0         (350,000)
                                                                               -------------    -------------
               Net cash used in investing activities                              (2,675,462)     (14,773,562)
                                                                               -------------    -------------
FINANCING ACTIVITIES
      Net increase in demand deposits, NOW, and passbook savings                  13,483,132       11,496,284
      Net increase (decrease) in time deposits                                     5,774,074      (41,143,671)
      Net decrease in Federal Home Loan Bank advances                                (28,914)     (15,033,854)
      Net increase (decrease) in notes payable                                    (1,035,940)         425,000
      Purchase of treasury stock                                                    (110,114)         (92,675)
      Proceeds from exercise of stock options                                         33,716           16,257
      Cash dividend paid                                                            (798,112)        (736,876)
                                                                               -------------    -------------
               Net cash provided by (used in) financing activities                17,317,842      (45,069,535)
                                                                               -------------    -------------

Net increase (decrease) in cash and cash equivalents                               2,129,372      (62,428,720)

Cash and cash equivalents at beginning of period                                  14,313,688       65,395,118
                                                                               -------------    -------------
Cash and cash equivalents at end of period                                     $  16,443,060    $   2,966,398
                                                                               =============    =============

Supplemental disclosures of cash flow information:
     Cash payments of interest expense                                         $  11,191,880    $  16,224,865
     Cash payments of income taxes                                             $   2,195,000    $   2,450,000

Supplemental noncash investing activity:
    Transfer of loans to real estate owned                                     $           0    $     283,332
</TABLE>

See accompanying notes to consolidated financial statements

                                     PAGE 3

<PAGE>
Part I Financial Information
Item 1

                                PVF CAPITAL CORP.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                           DECEMBER 31, 2002 AND 2001
                                   (UNAUDITED)

1. The accompanying  condensed  consolidated  interim financial  statements were
prepared  in  accordance  with   regulations  of  the  Securities  and  Exchange
Commission for Form 10-Q. All information in the consolidated  interim financial
statements is unaudited except for the June 30, 2002  consolidated  statement of
financial  condition which was derived from the Corporation's  audited financial
statements.   Certain  information  required  for  a  complete  presentation  in
accordance with generally accepted  accounting  principles has been condensed or
omitted.  However,  in  the  opinion  of  management,  these  interim  financial
statements  contain  all  adjustments,   consisting  only  of  normal  recurring
accruals,  necessary to fairly present the interim  financial  information.  The
results of operations  for the three and six months ended  December 31, 2002 are
not  necessarily  indicative  of the results to be expected  for the entire year
ending June 30, 2003. The results of operations for PVF Capital Corp.  ("PVF" or
the "Company")  for the periods being reported have been derived  primarily from
the results of  operation of Park View Federal  Savings Bank (the  "Bank").  PVF
Capital Corp.'s common stock is traded on the NASDAQ  SMALL-CAP ISSUES under the
symbol PVFC.


2. Recently Issued Accounting Standards

SFAS No. 144  "Accounting  for the Impairment or Disposal of Long-Lived  Assets"
was  issued  in August  2001 and  amends  SFAS No.  121 by  addressing  business
segments accounted for as a discontinued  operation under Accounting  Principles
Board  Opinion No. 30. This  statement is effective  for fiscal years  beginning
after December 15, 2001. PVF adopted  statement 144 on July 1, 2002.  Management
determined  that the adoption of Statement 144 would not have a material  impact
on the Bank's consolidated financial statements.

SFAS No. 146  "Obligations  Associated  with Disposal  Activities" was issued in
July 2002.  This standard  covers  accounting for costs  associated with exit or
disposal  activities,  such as lease  termination  costs or  employee  severance
costs. The Statement  replaces EITF 94-3, and is to be applied  prospectively to
exit or disposal activities initiated after December 31, 2002. It requires these
costs to be recognized  when they are incurred rather than at date of commitment
to an  exit or  disposal  plan.  Management  determined  that  the  adoption  of
Statement  146  would not have a  material  impact  on the  Bank's  consolidated
financial statements.

                                     Page 4
<PAGE>
Part I Financial Information
Item 1


3. The following table discloses Earnings Per Share for the three and six months
ended December 31, 2002 and December 31, 2001.
<TABLE>
<CAPTION>
                                                                  Three months ended December 31,
                                                      2002                                          2001
                                      --------------------------------------        --------------------------------------
                                        Income        Shares      Per-Share           Income        Shares      Per-Share
                                      (Numerator)  (Denominator)    Amount          (Numerator)  (Denominator)     Amount
                                      -----------  -------------  ---------         -----------  -------------  ----------
<S>                                   <C>            <C>           <C>              <C>           <C>             <C>
Basic EPS
 Net Income                           $2,257,160     5,792,236     $ 0.39           $1,842,421    5,742,160       $ 0.32

Effect of Stock Options                                 79,853       0.01                           210,921         0.01

Diluted EPS
 Net Income                           $2,257,160     5,872,089     $ 0.38           $1,842,421    5,953,081       $ 0.31

<CAPTION>

                                                                  Six months ended December 31,
                                                       2002                                          2001
                                      --------------------------------------        --------------------------------------
                                        Income        Shares      Per-Share           Income        Shares      Per-Share
                                      (Numerator)  (Denominator)    Amount          (Numerator)  (Denominator)     Amount
                                      -----------  -------------  ---------         -----------  -------------  -----------
<S>                                   <C>            <C>           <C>              <C>            <C>            <C>
Basic EPS
 Net Income                           $3,944,246     5,787,765     $ 0.68           $3,513,225     5,741,786      $ 0.61

Effect of Stock Options                                 70,457       0.01                            219,919        0.02

Diluted EPS
 Net Income                           $3,944,246     5,858,222     $ 0.67           $3,513,225     5,961,705      $ 0.59
</TABLE>

                                     Page 5
<PAGE>
Part I Financial Information
Item 2

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following analysis  discusses changes in financial  condition and results of
operations at and for the three-month  and six-month  periods ended December 31,
2002 for PVF Capital Corp.  ("PVF" or the "Company"),  Park View Federal Savings
Bank (the  "Bank"),  its  principal  and  wholly-owned  subsidiary,  PVF Service
Corporation  ("PVFSC"),  a wholly-owned real estate  subsidiary,  Mid Pines Land
Co.,  a  wholly-owned  real  estate  subsidiary,   and  PVF  Holdings,  Inc.,  a
wholly-owned and currently inactive subsidiary.

FORWARD-LOOKING STATEMENTS
--------------------------

When used in this Form 10-Q,  the words or phrases  "will likely  result,"  "are
expected  to," "will  continue,"  "is  anticipated,"  "estimate,"  "project," or
similar expressions are intended to identify "forward-looking statements" within
the  meaning of the  Private  Securities  Litigation  Reform  Act of 1995.  Such
statements are subject to certain risks and  uncertainties  including changes in
economic  conditions  in the  Company's  market  area,  changes in  policies  by
regulatory  agencies,  fluctuations in interest  rates,  demand for loans in the
Company's  market area,  competition  that could cause actual  results to differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.  The Company wishes to caution readers not to place undue reliance on
any such  forward-looking  statements  which speak only as of the date made. The
Company  wishes to advise readers that the factors listed above could affect the
Company's financial performance and could cause the Company's actual results for
future periods to differ  materially  from any opinions or statements  expressed
with respect to future periods in any current statements.

The Company does not undertake,  and specifically  disclaims any obligation,  to
publicly  release  the  results  of  any  revisions  which  may be  made  to any
forward-looking  statements to reflect events or circumstances after the date of
such  statements or to reflect the occurrence of  anticipated  or  unanticipated
events.

FINANCIAL CONDITION
-------------------

Consolidated  assets of PVF were $704.5  million as of  December  31,  2002,  an
increase of approximately  $24.9 million, or 3.7%, as compared to June 30, 2002.
The Bank remained in regulatory  capital  compliance  for  tangible,  core,  and
risk-based  capital on a fully  phased-in  basis with  capital  levels of 7.87%,
7.87%, and 11.38%, respectively, at December 31, 2002.

During the six months  ended  December  31, 2002,  the  Company's  cash and cash
equivalents, which consist of cash, interest-bearing deposits, and federal funds
sold, increased $2.1 million, or 14.9%, as compared to June 30, 2002. The change
in the Company's cash and cash equivalents  consisted of an increase in cash and
interest-bearing  deposits of $7.1 million and a decrease in federal  funds sold
of $5.0 million.

                                     Page 6

<PAGE>
Part I Financial Information
Item 2

FINANCIAL CONDITION CONTINUED
-----------------------------


The net $41.0 million, or 7.0%, increase in loans receivable and mortgage-backed
securities  during the six months  ended  December 31,  2002,  resulted  from an
increase in loans  receivable held for investment of $24.2 million,  an increase
in  loans  receivable  held  for  sale  of  $19.6  million,  and a  decrease  in
mortgage-backed  securities  of $2.8  million.  The increase of $24.2 million in
loans receivable held for investment  included increases of $9.3 million in home
equity line of credit loans,  $8.3 million in  commercial  line of credit loans,
$6.8 million in  commercial  real estate  loans,  $4.4  million in  construction
loans,  and $1.4  million in land loans,  offset by decreases of $3.2 million in
one-to-four  family  residential  loans held for  investment and $2.8 million in
multi-family  loans.  The increase of $19.6 million in loans receivable held for
sale is attributable to timing  differences  between the origination and sale of
loans originated for sale. The decrease in mortgage-backed  securities  resulted
from  payments  received  of $2.8  million.  The  growth  of the loan  portfolio
resulted in no material change to the composition of the portfolio.

The decrease of $20.0 million in securities held to maturity resulted from calls
exercised on securities totaling $50.0 million and the purchase of $30.0 million
in securities.

The increase of $1.3 million in office properties and equipment is primarily the
result of capital  improvements to our corporate office building in Solon, Ohio.
The decrease of $30,500 in real estate owned  properties  resulted from proceeds
received on the sale of two  developed  building  lots.  The increase in prepaid
expenses and other assets of $382,000,  or 6.7%, is  attributable to an increase
in the mortgage servicing asset that resulted from the high volume of loan sales
in the current period.

Deposits increased by $19.3 million, or 4.0%, as a result of special promotional
rates  offered with the opening of two new branch  offices.  The  increase  from
borrowers  for taxes  and  insurance  of  $752,000,  or 10.3%,  is due to timing
differences  between the  collection  and payment of escrow  funds along with an
increase in the  mortgage  loan  servicing  portfolio.  The  increase in accrued
expenses and other  liabilities  of $2.9  million,  or 25.7%,  is primarily  the
result of timing  differences  between the collection and remittance of payments
received on loans serviced for others.  Notes payable decreased by $752,200,  or
12.5%, as a result of principal repayments.

The  increase  in deposits of $19.3  million,  funds from the  decrease of $20.0
million  in  securities  held to  maturity,  the  repayment  of $2.8  million in
mortgage-backed  securities,  funds of $2.9 million collected on serviced loans,
and earnings of $3.9 million were used to fund the increase of $43.8  million in
total  loans  receivable,  the  increase  of  $2.1  million  in  cash  and  cash
equivalents,  the increase of $1.2 million in office  properties  and equipment,
repay $1.0 million in notes payable, and pay a dividend of $800,000.

                                     Page 7

<PAGE>
Part I Financial Information
Item 2


RESULTS OF OPERATIONS   Three months ended December 31, 2002,
---------------------   compared to three months ended
                        December 31, 2001.

PVF's net income is dependent primarily on its net interest income, which is the
difference  between  interest  earned on its loans and  investments and interest
paid  on  interest-bearing   liabilities.  Net  interest  income  also  includes
amortization of loan origination fees, net of origination costs.

PVF's net income is also  affected by the  generation  of  non-interest  income,
which  primarily  consists of loan  servicing  income,  service  fees on deposit
accounts,  and gains on the sale of loans held for sale. Net interest  income is
determined  by (i) the  difference  between  yields  earned on  interest-earning
assets and rates paid on interest-bearing  liabilities  ("interest-rate spread")
and (ii) the relative amounts of  interest-earning  assets and  interest-bearing
liabilities.  The  Company's  interest-rate  spread is affected  by  regulatory,
economic and competitive  factors that influence interest rates, loan demand and
deposit  flows.  In  addition,  net income is affected by the level of operating
expenses and loan loss provisions.

The  Company's  net income for the three  months  ended  December  31,  2002 was
$2,257,100 as compared to $1,842,500 for the prior year comparable period.  This
represents an increase of $414,600,  or 22.5%, when compared with the prior year
comparable period.

Net interest  income for the three months ended  December 31, 2002  increased by
$272,500,  or 4.8%,  as  compared  to the prior  year  comparable  period.  This
resulted  from a decrease of  $1,415,200,  or 11.1%,  in  interest  income and a
decrease of $1,687,700,  or 24.1%, in interest expense. The decrease in interest
income  resulted  primarily  from a decrease of 95 basis points in the return on
interest-earning  assets in the current period. This decrease in yield more than
offset the increase of $3.9 million in the average  balance of  interest-earning
assets and resulted in an overall  decrease to interest  income of $1,415,200 in
the  current  period.  The  average  balance  on  interest-bearing   liabilities
increased  by $1.9 million from the prior year  comparable  period.  The average
cost of funds on interest-bearing  liabilities  decreased by 113 basis points in
the current period, as a result of declining market interest rates, resulting in
an overall  decrease  in  interest  expense of  $1,687,700.  The  Company's  net
interest income  increased by $272,500  primarily due to an increase of 18 basis
points in the  Company's  interest-rate  spread  during  the  current  period as
compared to the prior year comparable period.

For the three months ended  December 31, 2002,  no provision for loan losses was
recorded,  while a provision  for loan losses of  $228,000  was  recorded in the
prior  year  comparable  period.  The  Company  uses a  systematic  approach  to
determine the adequacy of its loan loss  allowance  and the necessary  provision
for loan losses. The loan portfolio is reviewed and delinquent loan accounts are
analyzed  individually  on a monthly  basis,  with  respect to payment  history,
ability  to repay,  probability  of  repayment,  and  loan-to-value

                                     Page 8
<PAGE>
Part I Financial Information
Item 2


RESULTS OF OPERATIONS CONTINUED


percentage.  Consideration  is given to the types of loans in the  portfolio and
the overall risk inherent in the portfolio.  After  reviewing  current  economic
conditions,  changes to the size and composition of the loan portfolio,  changes
in delinquency  status,  levels of non-accruing  loans,  non-performing  assets,
impaired  loans,  and actual loan losses  incurred  by the  Company,  management
establishes an  appropriate  reserve  percentage  applicable to each category of
loans,  and a provision for loan losses is recorded when  necessary to bring the
allowance to a level consistent with this analysis.  In August 2002,  management
conducted a review of the reserve  percentages  applicable  to each  category of
loans and made  adjustments  to certain loan  categories  that  reflect  current
market  risk  conditions.  Management  believes  it uses  the  best  information
available to make a  determination  as to the adequacy of the allowance for loan
losses.

During the three months ended  December 31,  2002,  the Company  experienced  an
increase in the loan  portfolio  of $15.8  million.  In  addition,  the level of
impaired  loans and  classified  assets  decreased by $541,000 and $3.4 million,
respectively.  Management  determined it was not necessary to record a provision
for loan losses in the current period due to the  application of revised reserve
percentages,  reflecting the company's historic loss experience, to certain loan
categories along with decreases to impaired loans and classified assets.  During
the three months ended December 31, 2001, the Company  experienced a decrease in
the level of  impaired  loans of $379,000  and an  increase  of $1.6  million in
classified  assets.  Due to an increase in the loan  portfolio of $29.5  million
along with an increase in the level of classified assets,  management determined
it was  necessary to record a provision for loan losses of $228,000 in the prior
period.  At December 31, 2002,  the  allowance for loan losses was $3.9 million,
which represented 55.4% of non-performing  loans and 0.63% of net loans. At June
30, 2002,  the  allowance for loan losses was $3.9  million,  which  represented
50.0% of non-performing loans and 0.68% of net loans.

For the three months ended December 31, 2002,  non-interest  income increased by
$768,300,  or 71.8%,  from the  prior  year  comparable  period.  This  resulted
primarily from an increase of $650,100, or 73.5%, in mortgage-banking activities
that  resulted  from an  increase  of  $895,600  in profit on loan  sales in the
current  period offset by a decrease of $245,500 in loan servicing  income.  The
decrease in loan servicing  income is attributable to the write-down of the fair
value of mortgage loan  servicing  rights that resulted  from  declining  market
interest rates and an increased  prepayment  speed on loans serviced for others.
During  these  periods,  PVF  pursued  a  strategy  of  originating   long-term,
fixed-rate  loans pursuant to Federal Home Loan Mortgage  Corporation  ("FHLMC")
and Federal National Mortgage  Association  ("FNMA") guidelines and selling such
loans to the FHLMC or the FNMA, while retaining the servicing.


                                     Page 9
<PAGE>
Part I Financial Information
Item 2


RESULTS OF OPERATIONS CONTINUED

In addition, other non-interest income, net, increased by $69,500, or 432.2%, in
the current  period  primarily due to recoveries on amounts  previously  charged
off.  Service and other fees  increased by $48,600,  or 28.7%,  primarily due to
increases in loan prepayment penalties and late charge fee income.

Non-interest  expense for the three months ended  December 31, 2002 increased by
$680,100,  or 18.2%, from the prior year comparable  period.  This was primarily
the result of an increase of $443,300,  or 45.7%, in other non-interest  expense
that was attributable to increases in legal fees,  advertising  expenses,  costs
from outside services  attributable to the opening of two new branch offices and
the  relocation  of an existing  branch  office,  and  stationery,  printing and
supplies.  Office occupancy and equipment increased  $130,200,  or 20.2%, due to
the  operation  of  two  additional   branch  offices  along  with  repairs  and
maintenance  costs to our Corporate  Center  office.  Compensation  and benefits
increased  $106,600,  or 5.0%,  as the result of increased  staffing,  incentive
bonuses paid, and salary and wage adjustments.

The federal income tax provision for the  three-month  period ended December 31,
2002  decreased  to an  effective  rate of 33.8% for the current  period from an
effective rate of 34.7% for the prior year comparable period.


RESULTS OF OPERATIONS  Six months ended December 31, 2002,
                       compared to six months ended
                       December 31, 2001.

PVF's net income is dependent primarily on its net interest income, which is the
difference  between  interest  earned on its loans and  investments and interest
paid  on  interest-bearing   liabilities.  Net  interest  income  also  includes
amortization of loan origination fees, net of origination costs.

PVF's net income is also  affected by the  generation  of  non-interest  income,
which  primarily  consists of loan  servicing  income,  service  fees on deposit
accounts,  and gains on the sale of loans held for sale. Net interest  income is
determined  by (i) the  difference  between  yields  earned on  interest-earning
assets and rates paid on interest-bearing  liabilities  ("interest-rate spread")
and (ii) the relative amounts of  interest-earning  assets and  interest-bearing
liabilities.  The  Company's  interest-rate  spread is affected  by  regulatory,
economic and competitive  factors that influence interest rates, loan demand and
deposit  flows.  In  addition,  net income is affected by the level of operating
expenses and loan loss provisions.

The  Company's  net  income  for the six  months  ended  December  31,  2002 was
$3,944,200 as compared to $3,513,200 for the prior year comparable period.  This
represents an increase of $431,000,  or 12.3%, when compared with the prior year
comparable period.

                                    Page 10
<PAGE>
Part I Financial Information
Item 2


RESULTS OF OPERATIONS CONTINUED


Net  interest  income for the six months ended  December  31, 2002  increased by
$847,000, or 7.9%, due to a decrease of $2,900,200, or 11.3%, in interest income
and a  $3,747,200,  or 25.2%,  decrease in  interest  expense.  The  decrease in
interest  income  resulted  primarily  from a decrease of 91 basis points in the
return on interest-earning  assets in the current period. This decrease in yield
more than  offset  the  increase  of $1.0  million  in the  average  balance  of
interest-earning  assets and resulted in an overall  decrease to interest income
of $2,900,200 in the current  period.  The average  balance on  interest-bearing
liabilities decreased by $2.2 million from the prior year comparable period. The
average  cost of funds on  interest-bearing  liabilities  decreased by 121 basis
points in the current  period,  as a result of declining  market interest rates,
resulting  in an  overall  decrease  in  interest  expense  of  $3,747,200.  The
Company's  net  interest  income  increased by $847,000 due to an increase of 30
basis points in the Company's  interest-rate spread during the current period as
compared to the prior year comparable period.

For the six months ended  December 31,  2002,  no provision  for loan losses was
recorded,  while a provision  for loan losses of  $353,000  was  recorded in the
prior  year  comparable  period.  The  Company  uses a  systematic  approach  to
determine the adequacy of its loan loss  allowance  and the necessary  provision
for loan losses. The loan portfolio is reviewed and delinquent loan accounts are
analyzed  individually  on a monthly  basis,  with  respect to payment  history,
ability  to repay,  probability  of  repayment,  and  loan-to-value  percentage.
Consideration  is given to the types of loans in the  portfolio  and the overall
risk inherent in the portfolio.  After reviewing  current  economic  conditions,
changes  to  the  size  and  composition  of  the  loan  portfolio,  changes  in
delinquency  status,  levels  of  non-accruing  loans,   non-performing  assets,
impaired  loans,  and actual loan losses  incurred  by the  Company,  management
establishes an  appropriate  reserve  percentage  applicable to each category of
loans,  and a provision for loan losses is recorded when  necessary to bring the
allowance to a level consistent with this analysis.  In August 2002,  management
conducted a review of the reserve  percentages  applicable  to each  category of
loans and made  adjustments  to certain loan  categories  that  reflect  current
market  risk  conditions.  Management  believes  it uses  the  best  information
available to make a  determination  as to the adequacy of the allowance for loan
losses.

During the six months  ended  December  31,  2002,  the Company  experienced  an
increase in the loan  portfolio  of $43.8  million.  In  addition,  the level of
impaired  loans and  classified  assets  decreased by $758,000 and $0.9 million,
respectively.  Management  determined it was not necessary to record a provision
for loan losses in the current period due to the  application of revised reserve
percentages,  reflecting the company's historic loss experience, to certain loan
categories along with decreases to impaired loans and classified assets.  During
the six months ended  December 31, 2001,  the Company  experienced a decrease in
the level of impaired loans of $170,000 and a decrease of $441,000 in classified
assets.  Due to an increase in the loan portfolio of $29.5  million,  management
determined it was necessary to record a provision for loan losses of $353,000 in
the prior period.  At December


                                    Page 11
<PAGE>
Part I Financial Information
Item 2


RESULTS OF OPERATIONS CONTINUED

31, 2002,  the  allowance for loan losses was $3.9  million,  which  represented
55.4% of  non-performing  loans and 0.63% of net loans.  At June 30,  2002,  the
allowance  for  loan  losses  was  $3.9  million,  which  represented  50.0%  of
non-performing loans and 0.68% of net loans.

For the six months ended  December 31, 2002,  non-interest  income  increased by
$736,800,  or 39.8%,  from the  prior  year  comparable  period.  This  resulted
primarily from an increase of $635,900, or 42.5%, in mortgage-banking activities
that  resulted  from an  increase of  $1,005,800  in profit on loan sales in the
current  period offset by a decrease of $369,900 in loan servicing  income.  The
decrease in loan servicing  income is attributable to the write-down of the fair
value of mortgage loan  servicing  rights that resulted  from  declining  market
interest rates and an increased  prepayment  speed on loans serviced for others.
During  these  periods,  PVF  pursued  a  strategy  of  originating   long-term,
fixed-rate  loans pursuant to Federal Home Loan Mortgage  Corporation  ("FHLMC")
and Federal National Mortgage  Association  ("FNMA") guidelines and selling such
loans to the FHLMC or the FNMA, while retaining the servicing.

In addition,  other  non-interest  income,  net,  increased  by $58,800,  in the
current period  primarily due to recoveries of amounts  previously  charged off.
Service  and  other  fees  increased  by  $42,100,  or 13.8%,  primarily  due to
increases in loan prepayment penalties and late charge fee income.

Non-interest  expense for the six months ended  December  31, 2002  increased by
$1,322,900,  or 19.2%, from the prior year comparable period. This was primarily
the result of an increase of $662,600,  or 38.9%, in other non-interest  expense
that  was  primarily  attributable  to  increases  in  legal  fees,  advertising
expenses,  costs from outside  services  attributable  to the opening of two new
branch offices and the relocation of an existing branch office,  and stationery,
printing and supplies.  Compensation and benefits increased $404,400,  or 10.3%,
as the result of increased staffing, incentive bonuses paid, and salary and wage
adjustments. Office occupancy and equipment increased by $255,900, or 20.2%, due
to the  operation  of two  additional  branch  offices  along with  repairs  and
maintenance costs to our Corporate Center office.

The federal  income tax provision for the  six-month  period ended  December 31,
2002  decreased  to an  effective  rate of 33.6% for the current  period from an
effective rate of 34.0% for the prior year comparable period.

                                    Page 12
<PAGE>
Part I Financial Information
Item 2


LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

The Company's  liquidity measures its ability to fund loans and meet withdrawals
of deposits  and other cash  outflows  in a  cost-effective  manner.  Management
believes the Company  maintains  sufficient  liquidity  to meet its  operational
needs.

Part I Financial Information
Item 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
----------------------------------------------------------

There have been no  significant  changes  to the  Company's  interest  rate risk
position or any changes to how the Company manages its Asset/Liability  position
since June 30,  2002.  This is  attributable  to the  Company's  Asset/Liability
Management  policy of  monitoring  and  matching  the  maturity  and  re-pricing
characteristics of its interest-earning assets and interest-bearing liabilities,
while  remaining  short-term with the  weighted-average  maturity and re-pricing
periods.

Part I Financial Information
Item 4

CONTROLS AND PROCEDURES
-----------------------

Within 90 days prior to the date of this report,  we carried out an  evaluation,
under the  supervision  and with the  participation  of our principal  executive
officer and principal  financial officer, of the effectiveness of the design and
operation of our disclosure  controls and procedures.  Based on this evaluation,
our principal  executive officer and principal  financial officer concluded that
our disclosure  controls and procedures are effective in timely alerting them to
material information required to be included in our periodic SEC reports.

In addition, there have been no significant changes in our internal controls or
in other factors that could significantly affect those controls subsequent to
the date of their last evaluation.

Part II OTHER INFORMATION
-------------------------

Item 1.    Legal Proceedings. N/A

Item 2.    Changes in Securities and Use of Proceeds.  N/A

Item 3.    Defaults Upon Senior Securities.  N/A

Item 4.    Submission of Matters to a Vote of Security Holders. N/A

The Company's  Annual  Meeting of  Stockholders  was held on October 21, 2002. A
total of 5,254,742  shares of the Company's common stock were represented at the
Annual  Meeting  in  person  or by  proxy.


                                    Page 13
<PAGE>
Part II OTHER INFORMATION continued

Stockholders  voted in favor of the election of four nominees for director.  The
voting results for each nominee were as follows:

                                  Votes in Favor
Nominee                            of election        Votes Against
-------                           --------------      -------------

Robert K. Healey                    5,243,025              -0-

Stuart D. Neidus                    5,244,998              -0-

C. Keith Swaney                     5,140,151              -0-

Gerald A. Fallon                    5,244,998              -0-

Proposal  to  ratify  the  appointment  of  Crowe  Chizek  and  Company  LLP  as
independent  certified  public  accountants  of the  Company for the fiscal year
ending June 30, 2003.

Votes For       Votes against          Abstain         Not Voting
---------       -------------          -------         ----------

5,232,461          1,839               20,642             -0-

There were no broker non-votes.

Item 5.    Other Information.  N/A

Item 6.    Exhibits and Reports on Form 8-K.

     (a)  Exhibits

     The following exhibit is filed herewith:

        Exhibit                         Title
        Number                          -----
        ------
        99        Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

     (b)  Reports on Form 8-K

          None


                                    Page 14
<PAGE>
                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  had duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                            PVF Capital Corp.
                                            -----------------
                                              (Registrant)


Date:  February 12, 2003                    /s/ C. Keith Swaney
      -------------------                   ------------------------------
                                            C. Keith Swaney
                                            President, Chief Operating Officer
                                            and Treasurer
                                            (Only authorized officer and
                                            Principal Financial Officer)


<PAGE>

                                  CERTIFICATION


     I, John R. Male,  Chairman of the Board and Chief Executive  Officer of PVF
Capital Corp., certify that:


1. I have reviewed this quarterly report on Form 10-Q of PVF Capital Corp.;

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


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


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

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

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

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

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


a) All significant  deficiencies in the design or operation of internal controls
which  could  adversely  affect the  registrant's  ability  to record,  process,
summarize and report  financial data

<PAGE>
and have  identified for the  registrant's  auditors any material  weaknesses in
internal controls; and

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

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

Date: February 12, 2003

                                      /s/ John R. Male
                                      ------------------------------------
                                      John R. Male
                                      Chairman of the Board and
                                      Chief Executive Officer
                                      (Principal Executive Officer)

<PAGE>

                                  CERTIFICATION


     I, C. Keith Swaney, President, Chief Operating Officer and Treasurer of PVF
Capital Corp., certify that:

1. I have reviewed this quarterly report on Form 10-Q of PVF Capital Corp.;

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

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

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

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

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

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

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

a) All significant  deficiencies in the design or operation of internal controls
which  could  adversely  affect the  registrant's  ability  to record,  process,
summarize and report  financial data

<PAGE>

and have  identified for the  registrant's  auditors any material  weaknesses in
internal controls; and

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

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

Date: February 12, 2003

                                              /s/ C. Keith Swaney
                                              ----------------------------------
                                              C. Keith Swaney
                                              President, Chief Operating
                                              Officer and Treasurer