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 March 31, 2003.

[ ]  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                              5,786,493
-----------------------------                 -------------------------------
            (Class)                           (Outstanding at April 30, 2003)
<PAGE>

                                PVF CAPITAL CORP.


                                      INDEX


                                                                            Page

Part I   Financial Information

  Item 1 Financial Statements

                      Consolidated Statements of Financial
                      Condition, March 31, 2003 (unaudited)
                      and June 30, 2002.                                     1

                      Consolidated Statements of Operations
                      for the three and nine months ended
                      March 31, 2003 and 2002 (unaudited).                   2

                      Consolidated Statements of Cash Flows
                      for the nine months ended March 31,
                      2003 and 2002 (unaudited).                             3

                      Notes to Consolidated Financial
                      Statements (unaudited).                                4

  Item 2              Management's Discussion and Analysis of
                      Financial Condition and Results of
                      Operations                                             7

  Item 3              Quantitative and Qualitative Disclosures
                      about Market Risk                                     15

  Item 4              Controls and Procedures                               15

Part II               Other Information                                     15
<PAGE>

PART I   FINANCIAL INFORMATION
ITEM 1


                                PVF CAPITAL CORP.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

<TABLE>
<CAPTION>
                                                                                         MARCH 31,            JUNE 30,
                     ASSETS                                                                2003                 2002
                     ------                                                             UNAUDITED
                                                                                        ----------           ----------
<S>                                                                                     <C>                  <C>
Cash and cash equivalents:
     Cash and amounts due from depository institutions                                $  8,583,888         $  4,526,976
     Interest bearing deposits                                                           1,468,452            1,736,712
     Federal funds sold                                                                  3,050,000            8,050,000
                                                                                      ------------         ------------
Total cash and cash equivalents                                                         13,102,340           14,313,688
Securities held to maturity                                                             30,049,621           55,121,211
Mortgage-backed securities held to maturity                                              3,632,326            7,297,206
Loans receivable, net                                                                  583,984,013          563,550,556
Loans receivable held for sale, net                                                     34,539,862           11,679,735
Office properties and equipment, net                                                    11,536,097            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                                       10,300,199            9,947,624
Prepaid expenses and other assets                                                        6,572,305            5,678,431
                                                                                      ------------         ------------
Total Assets                                                                          $695,900,561         $679,620,115
                                                                                      ============         ============

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

Liabilities
   Deposits                                                                           $488,263,091         $479,672,218
   Advances from the Federal Home Loan Bank of Cincinnati                              120,133,440          120,739,695
   Notes payable                                                                         6,484,110            8,288,020
   Advances from borrowers for taxes and insurance                                       4,352,544            7,320,613
   Accrued expenses and other liabilities                                               19,697,943           11,300,991
                                                                                      ------------         ------------
Total Liabilities                                                                      638,931,128          627,321,537

Stockholders' Equity
   Serial preferred stock, none issued                                                          --                   --
   Common stock, $0.01 par value, 15,000,000 shares authorized;
       6,088,469 and 6,064,809 shares issued, respectively                                  60,885               60,648
   Additional paid-in-capital                                                           37,452,758           37,412,482
   Retained earnings-substantially restricted                                           22,439,883           17,627,665
   Treasury Stock, at cost 301,976 and 286,276 shares, respectively                     (2,984,093)          (2,802,217)
                                                                                      ------------         ------------
Total Stockholders' Equity                                                              56,969,433           52,298,578
                                                                                      ------------         ------------
Total Liabilities and Stockholders' Equity                                            $695,900,561         $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           NINE MONTHS ENDED
                                                                   MARCH 31,                    MARCH 31,
                                                            -----------------------------------------------------
                                                                2003          2002          2003         2002
<S>                                                         <C>           <C>           <C>           <C>
Interest income
   Loans                                                    $ 9,888,547   $10,538,608   $30,809,110   $33,784,506
   Mortgage-backed securities                                    59,648       159,278       235,632       595,037
   Cash and securities                                          467,092       913,578     2,074,355     2,835,903
                                                            -----------   -----------   -----------   -----------

               Total interest income                         10,415,287    11,611,464    33,119,097    37,215,446
                                                            -----------   -----------   -----------   -----------
Interest expense
   Deposits                                                   3,403,048     4,810,408    11,756,659    16,452,972
   Borrowings                                                 1,336,654     1,420,781     4,125,325     4,667,692
                                                            -----------   -----------   -----------   -----------

               Total interest expense                         4,739,702     6,231,189    15,881,984    21,120,664
                                                            -----------   -----------   -----------   -----------

               Net interest income                            5,675,585     5,380,275    17,237,113    16,094,782

Provision for loan losses                                             0        50,000             0       403,000
                                                            -----------   -----------   -----------   -----------

               Net interest income after provision
                 for loan losses                              5,675,585     5,330,275    17,237,113    15,691,782
                                                            -----------   -----------   -----------   -----------
Noninterest income, net
   Service and other fees                                       227,912       112,176       575,615       417,755
   Mortgage banking activities, net                           1,340,555       718,158     3,471,254     2,212,961
   Other, net                                                    28,481        39,964       138,169        90,853
                                                            -----------   -----------   -----------   -----------

               Total noninterest income, net                  1,596,948       870,298     4,185,038     2,721,569
                                                            -----------   -----------   -----------   -----------
Noninterest expense
   Compensation and benefits                                  2,170,039     1,877,688     6,497,460     5,800,707
   Office occupancy and equipment                               838,755       692,972     2,361,199     1,959,502
   Other                                                      1,105,525       977,465     3,469,367     2,678,762
                                                            -----------   -----------   -----------   -----------

               Total noninterest expense                      4,114,319     3,548,125    12,328,026    10,438,971
                                                            -----------   -----------   -----------   -----------

               Income before federal income tax provision     3,158,214     2,652,448     9,094,125     7,974,380

Federal income tax provision                                  1,063,599       889,085     3,055,264     2,697,792
                                                            -----------   -----------   -----------   -----------

               Net income                                   $ 2,094,615   $ 1,763,363   $ 6,038,861   $ 5,276,588
                                                            ===========   ===========   ===========   ===========

Basic earnings per share                                    $      0.36   $      0.30   $      1.04   $      0.91
                                                            ===========   ===========   ===========   ===========

Diluted earnings per share                                  $      0.35   $      0.30   $      1.03   $      0.90
                                                            ===========   ===========   ===========   ===========
</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>
                                                                                     NINE MONTHS ENDED
                                                                                         MARCH 31,
                                                                               ------------------------------
                                                                                   2003              2002
                                                                                   ----              ----
<S>                                                                            <C>              <C>
OPERATING ACTIVITIES
   Net income                                                                  $   6,038,861    $   5,276,588
   Adjustments to reconcile net income to net cash provided by
       (from) operating activities
      Depreciation and amortization                                                1,037,131          760,458
      Provision for losses on loans                                                        0          403,000
      Accretion of unearned discount and deferred loan origination fees, net        (928,800)        (845,019)
      Gain on sale of loans receivable held for sale, net                         (4,432,233)      (2,240,945)
      Gain on disposal of real estate owned, net                                           0          (15,006)
      Federal Home Loan Bank stock dividends                                        (352,575)        (407,184)
      Change in accrued interest on investments, loans, and borrowings, net           25,532       (1,529,328)
      Origination of loans receivable held for sale, net                        (286,234,946)    (227,396,842)
      Sale of loans receivable held for sale, net                                267,807,051      232,588,677
      Change in other, net                                                         4,579,569       (3,219,427)
                                                                               -------------    -------------

               Net cash provided by (from) operating activities                  (12,460,410)       3,374,972
                                                                               -------------    -------------

INVESTING ACTIVITIES
      Loan and mortgage-backed securities repayments and originations, net       (15,902,129)      (1,864,772)
      Disposals of real estate owned                                                  22,779          283,139
      Securities purchased                                                       (30,000,000)     (10,000,000)
      Securities maturities                                                       55,071,590           67,264
      Additions to office properties and equipment, net                           (2,755,880)      (2,036,850)
      Increase in real estate held for investment                                          0         (350,000)
                                                                               -------------    -------------

               Net cash used by (from) investing activities                        6,436,360      (13,901,219)
                                                                               -------------    -------------

FINANCING ACTIVITIES
      Net increase in demand deposits, NOW, and passbook savings                  12,991,354       17,845,976
      Net decrease in time deposits                                               (4,400,481)     (11,926,673)
      Net decrease in Federal Home Loan Bank advances                               (606,255)     (45,113,028)
      Increase in notes payable                                                            0          650,000
      Decrease in notes payable                                                   (1,803,910)               0
      Purchase of treasury stock                                                    (181,876)         (92,675)
      Proceeds from exercise of stock options                                         40,513           82,353
      Cash dividend paid                                                          (1,226,643)      (1,134,804)
                                                                               -------------    -------------

               Net cash provided by (from) financing activities                    4,812,702      (39,688,851)
                                                                               -------------    -------------

Net increase (decrease) in cash and cash equivalents                              (1,211,348)     (50,215,098)

Cash and cash equivalents at beginning of period                                  14,313,688       65,395,118
                                                                               -------------    -------------
Cash and cash equivalents at end of period                                     $  13,102,340    $  15,180,020
                                                                               =============    =============
Supplemental disclosures of cash flow information:
     Cash payments of interest expense                                         $  15,949,322    $  22,616,019
     Cash payments of income taxes                                             $   3,070,000    $   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 CONSOLIDATED FINANCIAL STATEMENTS

                             MARCH 31, 2003 AND 2002
                                   (UNAUDITED)

1.   The accompanying 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 nine
     months ended March 31, 2003 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

     In November  2002,  FASB issued  Interpretation  (FIN) No. 45,  Guarantor's
     Accounting and Disclosure  requirements for Guarantees,  Including Indirect
     Guarantees of  Indebtedness  of Others,  which requires new disclosures for
     guarantees for beginning in the interim period ended March 31, 2003. FIN 45
     applies to  standby  letters  of credit  but not to  commercial  letters of
     credit or loan  commitments.  Beginning  January 1, 2003, any fees received
     for a new or modified  standby letter of credit are recorded as a liability
     to reflect the fair value of the guarantee and not as income.  If no fee is
     received,  then a fair  value  of that  guarantee  must be  determined  and
     recorded. The liability is reduced as the guaranteed is released.

                                     Page 4
<PAGE>
PART I   FINANCIAL INFORMATION
ITEM 1

     SFAS  No.  148  "Accounting  for  Stock-Based  Compensation-Transition  and
     Disclosure-an  amendment of FASB Statement 123" was issued in December 2002
     and amends  SFAS No.  123,  Accounting  for  Stock-Based  Compensation,  to
     provide  alternative  methods of transition  for a voluntary  change to the
     fair  value  based   method  of   accounting   for   stock-based   employee
     compensation.  This  Statement also requires  prominent  disclosure in both
     annual and interim financial  statements about the method of accounting for
     stock-based  employee  compensation  and the effect of the  method  used on
     reported results.

     Stock Compensation:  Employee  compensation expense under stock is reported
     using the intrinsic  valuation method. No stock-based  compensation cost is
     reflected in net income, as all options granted had an exercise price equal
     to or greater than the market price of the  underlying  common stock at the
     date of grant. The following table illustrates the effect on net income and
     earnings per share if expense was measured using the fair value recognition
     provisions  of  FASB  Statement  No.  123,   "Accounting  for  Stock  Based
     Compensation."
<TABLE>
<CAPTION>
                                                       Three months ended                   Nine Months Ended
                                                            March 31,                            March 31,
                                                        2003        2002                      2003        2002

<S>                                                  <C>         <C>                       <C>         <C>
Net income as reported                               $2,094,615  $1,763,363                $6,038,861  $5,276,588

Less: Pro forma compensation
      expense, net of tax                            $   35,982  $   13,009                $  107,948  $   39,026

Pro forma net income                                 $2,058,633  $1,750,354                $5,930,913  $5,237,562

Basic earnings per share                             $     0.36  $     0.30                $     1.04  $     0.91

Pro forma basic earnings per share                   $     0.36  $     0.30                $     1.02  $     0.91

Diluted earnings per share                           $     0.35  $     0.30                $     1.03  $     0.90

Pro forma diluted earnings per share                 $     0.35  $     0.29                $     1.01  $     0.89
</TABLE>


                                     Page 5
<PAGE>
PART I   FINANCIAL INFORMATION
ITEM 1


3.   The  following  table  discloses  Earnings Per Share for the three and nine
     months ended March 31, 2003 and March 31, 2002.
<TABLE>
<CAPTION>
                                                                  Three months ended March 31,
                                                       2003                                         2002
                                     ---------------------------------------        --------------------------------------
                                        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                           $2,094,615     5,790,026        $ 0.36        $1,763,363     5,833,013        $ 0.30

EFFECT OF STOCK OPTIONS                                114,117          0.01                         104,916          0.00

DILUTED EPS
 Net Income                           $2,094,615     5,904,143        $ 0.35        $1,763,363     5,937,929        $ 0.30


<CAPTION>
                                                                  Nine months ended March 31,
                                                       2003                                         2002
                                     ---------------------------------------        --------------------------------------
                                        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                           $6,038,861     5,791,400        $ 1.04        $5,276,588     5,777,858        $ 0.91

EFFECT OF STOCK OPTIONS                                 85,010          0.01                         106,102          0.01

DILUTED EPS
 Net Income                           $6,038,861     5,876,410        $ 1.03        $5,276,588     5,883,960        $ 0.90
</TABLE>


Note - Shares  represent  average  shares for the period  adjusted  for Treasury
     Stock.  Stock options for 89,809 and 89,809 shares of common stock were not
     considered  in computing  dilutive  earnings per common share for the three
     and  nine  month   periods   ended  March  31,  2002   because   they  were
     anti-dilutive.

     Stock options for -0- and 7,000 shares of common stock were not  considered
     in computing  dilutive  earnings per common share for the nine month period
     ended March 31, 2003 because they were anti-dilutive.

                                     Page 6
<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  nine-month  periods ended March 31,
2003 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.,  PVF
Community  Development,  and PVF Mortgage  Corporation,  three  wholly-owned and
currently inactive subsidiaries.

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 $695.9 million as of March 31, 2003, an increase
of approximately  $16.3 million, or 2.4%, as compared to June 30, 2002. The Bank
remained in regulatory  capital  compliance for a well  capitalized  institution
with tangible, core, and risk-based capital levels on a fully phased-in basis of
8.17%, 8.17% and 11.55%, respectively at March 31, 2003.

During  the nine  months  ended  March 31,  2003,  the  Company's  cash and cash
equivalents,  which consist of cash, interest-bearing deposits and federal funds
sold, decreased $1.2 million, or 8.5%, as compared to

                                     Page 7
<PAGE>
Part I Financial Information
Item 2

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

June 30, 2002. The change in the Company's cash and cash  equivalents  consisted
of decreases in interest-bearing deposits and federal funds sold of $5.3 million
and an increase in cash of $4.1 million.

The net $39.6 million, or 6.8%,  increase in loans receivable,  loans receivable
held for sale and mortgage-backed  securities during the nine months ended March
31, 2003, resulted from increases in loans receivable of $20.4 million and loans
receivable  held for sale of $22.9  million  and a decrease  in  mortgage-backed
securities  of $3.7 million.  The increase of $20.4 million in loans  receivable
included  increases  of $12.7  million in home equity  loans,  $12.0  million in
commercial  real-estate  loans, $9.0 million in commercial equity line of credit
loans,  $2.4 million in  construction  and land loans,  net, and $1.5 million in
consumer  loans.  These  increases  were offset by decreases of $13.3 million in
single-family  mortgage  loans,  and $3.9  million in  multi-family  loans.  The
increase of $22.9 million in loans  receivable  held for sale is attributable to
timing  differences  between the  origination  and sale of loans  originated for
sale. The Bank typically  originates  single-family  fixed-rate  loans for sale,
while  retaining  single-family  adjustable-rate  loans for  investment.  During
periods of lower interest rates borrowers are generally  attracted to fixed-rate
financing,  while the reverse is true during periods of higher  interest  rates.
The  decrease  in  mortgage-backed   securities  resulted  from  both  scheduled
principal  payments and  pre-payments  received of $3.7  million.  There were no
material changes to the composition of the mortgage loan portfolio.

Securities  decreased by $25.0 million,  or 45.5%, as the result of the purchase
of $30.0 million in newly issued  securities and call options exercised on $55.0
million in securities held to maturity.

The increase of $1.7 million,  or 17.5%,  in office  properties and equipment is
the result of capital  improvements  to our  Corporate  Center  office in Solon,
Ohio, in addition to the opening of two new branch offices and the relocation of
one branch  office.  The  decrease  of $30,500 in real estate  owned  properties
resulted from proceeds received on the sale of two developed building lots.

Investment in stock with the Federal Home Loan Bank of  Cincinnati  increased by
$0.4  million due to the  receipt of stock  dividends.  The  increase in prepaid
expenses and other assets of $0.9 million,  or 15.7%, is primarily  attributable
to an increase in the book value of mortgage  servicing  rights of $0.5  million
that was the result of the high volume of loan sales during the current  period.
At March 31, 2003, the Company serviced $578.8 million in single-family mortgage
loans, and carried an asset for mortgage servicing rights totaling $3.8 million,
or 65 basis points, of total serviced loans.

Deposits increased by $8.6 million,  or 1.8%, as a result of special promotional
rates  offered  with the opening of two new branch  offices.  The  Company  will
consider  the use of special  promotional  rates in the  future to  attract  new
deposits or to establish a deposit base when opening new branches.  The increase
in  accrued  expenses  and other  liabilities  of $8.4  million,  or  74.3%,  is
primarily the result of timing differences between the collection and remittance
of payments received on loans

                                     Page 8
<PAGE>
Part I Financial Information
Item 2

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

serviced for others.

Notes  payable  decreased by $1.8  million,  or 21.8%,  as a result of principal
repayments.  The decrease in advances from  borrowers for taxes and insurance of
$3.0 million,  or 40.5%, is due to timing differences between the collection and
payment of escrow funds. The decrease of $0.6 million, or 0.5%, in advances from
the Federal Home Loan Bank was the result of the repayment of maturing advances.

The  increase  in  deposits of $8.6  million,  funds from the  decrease of $25.0
million  in  securities  held to  maturity,  the  repayment  of $3.7  million in
mortgage-backed  securities,  the  decrease  of $1.2  million  in cash  and cash
equivalents,  funds of $8.4 million collected on serviced loans, and earnings of
$6.0  million  were used to fund the  increase  of $43.3  million in total loans
receivable, the increase of $1.7 million in office properties and equipment, the
increase of $0.9 million in prepaid  expenses and other assets,  the increase of
$0.4 million of stock in the Federal Home Loan Bank of Cincinnati,  the decrease
of $3.0 million from  borrowers for taxes and  insurance,  repay $1.8 million in
notes  payable,  repay $0.6  million  in  advances,  and pay a dividend  of $1.2
million.

RESULTS OF OPERATIONS   Three months ended March 31, 2003,
---------------------   compared to three months ended
                        March 31, 2002.

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  March  31,  2003 was
$2,094,600 as compared to $1,763,400 for the prior year comparable period.  This
represents an increase of $331,200,  or 18.8%, when compared with the prior year
comparable period.

Net  interest  income for the three  months  ended March 31, 2003  increased  by
$295,300,  or 5.5%,  as  compared  to the prior  year  comparable  period.  This
resulted  from a decrease of  $1,196,200,  or 10.3%,  in  interest  income and a
$1,491,500, or 23.9%, decrease in

                                     Page 9
<PAGE>
Part I Financial Information
Item 2

RESULTS OF OPERATIONS CONTINUED
-------------------------------

interest  expense,  both of which resulted from historically low market interest
rates during the current period. The decrease in interest income resulted from a
decrease  of 70 basis  points in the  return on  interest-earning  assets in the
current period.  The decrease in yield, in addition to a modest decrease of $1.3
million  in the  average  balance of  interest-earning  assets,  resulted  in an
overall  decrease to interest  income of $1,196,200 in the current  period.  The
decrease in interest  expense resulted from a decrease of 97 basis points in the
cost of  funds  on  interest-bearing  liabilities  in the  current  period.  The
decrease in cost of funds,  in  addition  to a decrease  of $4.5  million in the
average balance on interest-bearing liabilities, resulted in an overall decrease
to interest  expense of  $1,491,500  in the current  period.  The  Company's net
interest income increased due to an increase of 27 basis points in the Company's
interest-rate  spread  during the  current  period as compared to the prior year
comparable  period. A continued decline in market interest rates could result in
a negative impact to net interest income.

For the three months ended March 31, 2003,  no provision for general loan losses
was recorded,  while a $50,000 provision for general loan losses 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.  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 March 31, 2003, the Company experienced a decrease
in the loan portfolio of $0.5 million. In addition,  the level of impaired loans
and  classified  assets  increased by $325,000 and $1.0  million,  respectively,
while  $19,000 in loans  were  charged  off.  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. At March 31, 2003, the allowance for
loan losses was $3.9 million,  which represented  52.7% of non-performing  loans
and 0.63% of loans.  During the three months  ended March 31, 2002,  the Company
experienced a decrease in the loan portfolio of $17.5 million,  increases in the
level of impaired  loans and  classified  assets of $0.9 million  each,  and had
$13,000 in loans charged off. Due to increases in impaired  loans and classified
assets, along with loans charged off during the period, management determined

                                    Page 10
<PAGE>
Part I Financial Information
Item 2

RESULTS OF OPERATIONS CONTINUED
-------------------------------

it was necessary to record a provision for general loan losses of $50,000 in the
prior period. At March 31, 2002, the allowance for loan losses was $3.9 million,
which represented 64.1% of non-performing loans and 0.67% of loans.

For the three  months  ended March 31, 2003,  non-interest  income  increased by
$726,600,  or 83.5%,  from the  prior  year  comparable  period.  This  resulted
primarily from an increase of $622,400, or 86.7%, in mortgage-banking activities
that  resulted  from an  increase of  $1,185,400  in profit on loan sales in the
current  period offset by a decrease of $563,000 in loan servicing  income.  The
decrease in loan servicing income is attributable to the accelerated  write-down
of mortgage loan servicing rights resulting from declining market interest rates
and increased  prepayment speed on loans serviced for others.  The write-down to
mortgage  loan  servicing  rights for the three  months ended March 31, 2003 was
$957,100,  representing  an  increase  of $633,900 as compared to the prior year
comparable period.  Included in the write-down to mortgage loan servicing rights
in the current period is a $370,000 write-down for impairment to the fair market
value of mortgage loan servicing  rights.  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.  The  results  of  operations  from  mortgage-banking
activity  for the three months  ended March 31, 2003 are  attributable  in large
part  to  historically  low  market  interest  rates  and  are  not  necessarily
indicative of expected future results.

Service and other fees increased by $115,700,  or 103.2%, in the current period,
primarily  due to increases  in loan  prepayment  penalties  and late charge fee
income.

Non-interest  expense for the three  months  ended March 31, 2003  increased  by
$566,200,  or 16.0%, from the prior year comparable  period.  This was primarily
the result of an increase in compensation and benefits of $292,400, or 15.6%, as
the result of increased  staffing,  incentive  bonuses paid, and salary and wage
adjustments. Office occupancy and equipment increased $145,800, or 21.0%, due to
the  operation  of  two  additional   branch  offices  along  with  repairs  and
maintenance costs to our Corporate Center office.  The increase of $128,000,  or
13.1%, in other non-interest  expense was attributable to increases in telephone
line costs resulting from an upgrade to our computer  network,  costs of outside
services  attributable  to the  opening  of  two  new  branch  offices  and  the
relocation of an existing branch office, and real estate owned expense.

The federal income tax provision for the three-month period ended March 31, 2003
increased to an effective rate of 33.7% for the current period from an effective
rate of 33.5% for the prior year comparable period.

                                    Page 11
<PAGE>
Part I Financial Information
Item 2

RESULTS OF OPERATIONS CONTINUED
-------------------------------

RESULTS OF OPERATIONS   Nine months ended March 31, 2003,
---------------------   compared to nine months ended
                        March 31, 2002.

The Company's net income for the nine months ended March 31, 2003 was $6,038,900
as compared to $5,276,600 for the prior year comparable period.  This represents
an increase of $762,300,  or 14.4%, when compared with the prior year comparable
period.

Net  interest  income for the nine  months  ended March 31,  2003  increased  by
$1,142,300,  or 7.1%,  as compared  to the prior year  comparable  period.  This
resulted  from a decrease of  $4,096,400,  or 11.0%,  in  interest  income and a
$5,238,700,  or 24.8%, decrease in interest expense, both of which resulted from
historically  low market interest rates during the current period.  The decrease
in interest  income resulted from a decrease of 85 basis points in the return on
interest-earning  assets  in the  current  period.  The  decrease  in  yield  on
interest-earning  assets,  resulted in an overall decrease to interest income of
$4,096,400 in the current period. The decrease in interest expense resulted from
a  decrease  of 114  basis  points  in the  cost of  funds  on  interest-bearing
liabilities in the current period. The decrease in cost of funds, in addition to
a  decrease  of  $3.0  million  in  the  average  balance  on   interest-bearing
liabilities,  resulted in an overall  decrease to interest expense of $5,238,700
in the current  period.  The Company's net interest  income  increased due to an
increase of 29 basis points in the  Company's  interest-rate  spread  during the
current  period as compared  to the prior year  comparable  period.  A continued
decline  in market  interest  rates  could  result in a  negative  impact to net
interest income.

For the nine months ended March 31, 2003,  no provision  for general loan losses
was recorded, while a $403,000 provision for general loan losses 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.  Management believes it uses
the best information available to make a determination as to the adequacy of the
allowance for loan losses.

During the nine months ended March 31, 2003, the Company  experienced  growth in
the loan portfolio of $43.3  million,  a decrease in the level of impaired loans
of $433,000,  an increase in classified  assets of

                                    Page 12
<PAGE>
Part I Financial Information
Item 2

RESULTS OF OPERATIONS CONTINUED
-------------------------------

$115,000, and had $19,000 in loans charged off. 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 a decrease to impaired
loans. At March 31, 2003, the allowance for loan losses was $3.9 million,  which
represented  52.7% of non-performing  loans and 0.63% of loans.  During the nine
months  ended  March  31,  2002,  the  Company  experienced  growth  in the loan
portfolio  of $8.6  million,  increases  in the  level  of  impaired  loans  and
classified  assets of $0.7 million  each,  and had $40,000 in loans charged off.
Due to the  growth of the loan  portfolio,  increases  in the level of  impaired
loans and classified assets,  along with loans charged off during the period and
changes to the overall composition of the loan portfolio,  management determined
it was  necessary  to record a provision  for general loan losses of $403,000 in
the prior  period.  At March 31, 2002,  the  allowance  for loan losses was $3.9
million, which represented 64.1% of non-performing loans and 0.67% of loans.

For the nine months  ended March 31,  2003,  non-interest  income  increased  by
$1,463,500,  or 53.8%,  from the prior year  comparable  period.  This  resulted
primarily  from  an  increase  of  $1,258,300,  or  56.9%,  in  mortgage-banking
activities  that resulted from an increase of $2,191,300 in profit on loan sales
in the current period offset by a decrease of $933,000 in loan servicing income.
The  decrease  in loan  servicing  income  is  attributable  to the  accelerated
write-down of mortgage loan servicing  rights  resulting  from declining  market
interest rates and increased  prepayment speed on loans serviced for others. The
write-down to mortgage loan servicing rights for the nine months ended March 31,
2003 was  $2,025,300,  representing an increase of $1,196,800 as compared to the
prior year  comparable  period.  Included in the  write-down  to  mortgage  loan
servicing  rights in the current period is a $370,000  write-down for impairment
to the fair  market  value of  mortgage  loan  servicing  rights.  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. The results of operations from
mortgage-banking  activity  for  the  nine  months  ended  March  31,  2003  are
attributable in large part to historically low market interest rates and are not
necessarily indicative of expected future results.

Service  and other  fees  increased  by  $157,900,  or 37.8%,  primarily  due to
increases in loan prepayment  penalties and late charge fee income. In addition,
other  non-interest  income,  net,  increased by $47,300 in the current  period,
primarily due to recoveries of amounts previously charged off.

Non-interest  expense for the nine months  ended  March 31,  2003  increased  by
$1,889,100,  or 18.1%, from the prior year comparable period. This was primarily
the result of an increase in compensation and benefits of $696,800, or 12.0%, as
the result of increased

                                    Page 13

<PAGE>
Part I Financial Information
Item 2

RESULTS OF OPERATIONS CONTINUED
-------------------------------

staffing,  incentive  bonuses  paid,  and  salary and wage  adjustments.  Office
occupancy and equipment  increased  $401,700,  or 20.5%, due to the operation of
two additional  branch offices along with repairs and  maintenance  costs to our
Corporate  Center  office.  The  increase  of  $790,600,   or  29.5%,  in  other
non-interest  expense was  attributable  to  increases  in legal fees,  costs of
outside  services  attributable to the opening of two new branch offices and the
relocation  of  an  existing  branch  office,  increased  telephone  line  costs
resulting  from an upgrade to our  computer  network,  stationery,  printing and
supplies, postage and special mail.

The federal income tax provision for the nine-month  period ended March 31, 2002
decreased to an effective rate of 33.6% for the current period from an effective
rate of 33.8% for the prior year comparable period.

                                    Page 14
<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

Item 5.    Other Information.  N/A

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

                                    Page 15
<PAGE>

Part II Other Information continued

     (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 16
<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:  May 14, 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 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
<PAGE>

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: May 14, 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 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
<PAGE>

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: May 14, 2003


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