----

----

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

|   | £ | 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: 0-51153 |
|--------|---------------------------------|

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

| United States                                                  |   | 25-1828028                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Donner at Sixth Street, Monessen, Pennsylvania |   | 15062      |
|------------------------------------------------|--------|------------|
| (Address of principal executive offices)       |   | (Zip Code) |

|   | (724) 684-6800                                             |   |
|--------|------------------------------------------------------------|--------|
|   | (Registrant’s telephone number, including area code) |   |

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

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| Page                                 |
|--------------------------------------|
|                                 |
| PART I – FINANCIAL INFORMATION |
|                                 |
|                                 | Item 1.   | Financial Statements. | 1 |
|                                 |   |   |   |
|                                 |   | Consolidated Statements of Financial Condition at March 31, 2010 (Unaudited) and December 31, 2009 | 1 |
|                                 |   |   |   |
|                                 |   | Consolidated Statements of Operations (Unaudited) for the Three Months Ended March 31, 2010 and 2009 | 2 |
|                                 |   |   |   |
|                                 |   | Consolidated Statements of Changes in Stockholders’ Equity and Comprehensive Income (Loss) for the Three Months Ended March 31, 2010 and 2009 (Unaudited) | 3 |
|                                 |   |   |   |
|                                 |   | Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2010 and 2009 (Unaudited) | 4 |
|                                 |   |   |   |
|                                 |   | Notes to the Unaudited Consolidated Financial Statements | 5 |
|                                 |   |   |   |
|                                 | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. | 21 |
|                                 |   |   |   |
|                                 | Item 3. | Quantitative and Qualitative Disclosures About Market Risk. | 26 |
|                                 |   |   |   |
|                                 | Item 4T. | Controls and Procedures. | 26 |
|                                 |   |   |   |
| PART II – OTHER INFORMATION    |
|                                 |
|                                 | Item 1. | Legal Proceedings. | 27 |
|                                 |   |   |   |
|                                 | Item 1A.    | Risk Factors. | 27 |
|                                 |   |   |   |
|                                 | Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. | 27 |
|                                 |   |   |   |
|                                 | Item 3. | Defaults Upon Senior Securities. | 27 |
|                                 |   |   |   |
|                                 | Item 4. | [Reserved]. | 27 |
|                                 |   |   |   |
|                                 | Item 5. | Other Information. | 27 |
|                                 |   |   |   |
|                                 | Item 6. | Exhibits. | 28 |
|                                 |   |   |   |
| SIGNATURES                           |

----

----

PART

Item

CONSOLIDATED

|                                                                                                                               |   | March 31,   |    |   | December 31, |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|---------|--------|--------------|--------|
|                                                                                                                               |   | 2010        |    |   | 2009         |   |
| (Dollars in thousands, except share data)                                                                                          |   | (UNAUDITED) |    |   |         |   |
| Assets:                                                                                                                            |   |        |    |   |         |   |
|                                                                                                                               |   |        |    |   |         |   |
| Cash and cash equivalents:                                                                                                         |   |        |    |   |         |   |
| Cash and due from banks                                                                                                            |   | $           | 1,741   |   |         | $      | 1,545 |   |
| Interest-earning deposits                                                                                                          |   |        | 10,961  |   |         |   | 5,951 |   |
| Total cash and cash equivalents                                                                                                    |   |        | 12,702  |   |         |   | 7,496 |   |
|                                                                                                                               |   |        |    |   |         |   |   |   |
| Securities available-for-sale                                                                                                      |   |        | 76,689  |   |         |   | 79,559 |   |
| Loans, net                                                                                                                         |   |        | 233,428 |   |         |   | 240,387 |   |
| Federal Home Loan Bank ("FHLB") stock, at cost                                                                                     |   |        | 6,901   |   |         |   | 6,901 |   |
| Accrued interest receivable - loans                                                                                                |   |        | 1,139   |   |         |   | 1,133 |   |
| Accrued interest receivable - securities                                                                                           |   |        | 358     |   |         |   | 423 |   |
| Premises and equipment, net                                                                                                        |   |        | 2,374   |   |         |   | 2,411 |   |
| Bank-owned life insurance                                                                                                          |   |        | 7,785   |   |         |   | 7,714 |   |
| Goodwill                                                                                                                           |   |        | 1,080   |   |         |   | 1,080 |   |
| Real estate owned                                                                                                                  |   |        | 1,055   |   |         |   | 419 |   |
| Deferred tax assets                                                                                                                |   |        | 3,227   |   |         |   | 3,487 |   |
| Other assets                                                                                                                       |   |        | 2,621   |   |         |   | 2,283 |   |
| Total assets                                                                                                                       |   | $           | 349,359 |   |         | $      | 353,293 |   |
| Liabilities and Stockholders' Equity:                                                                                              |   |        |    |   |         |   |   |   |
|                                                                                                                               |   |        |    |   |         |   |   |   |
| Deposits:                                                                                                                          |   |        |    |   |         |   |   |   |
| Noninterest-bearing                                                                                                                |   |        | 17,769  |   |         |   | 15,963 |   |
| Interest-bearing                                                                                                                   |   |        | 186,709 |   |         |   | 177,618 |   |
| Total deposits                                                                                                                     |   |        | 204,478 |   |         |   | 193,581 |   |
|                                                                                                                               |   |        |    |   |         |   |   |   |
| Borrowings                                                                                                                         |   |        | 96,539  |   |         |   | 112,511 |   |
| Advance payments by borrowers for taxes and insurance                                                                              |   |        | 1,169   |   |         |   | 475 |   |
| Accrued interest payable - deposits                                                                                                |   |        | 373     |   |         |   | 376 |   |
| Accrued interest payable - borrowings                                                                                              |   |        | 406     |   |         |   | 460 |   |
| Other liabilities                                                                                                                  |   |        | 3,174   |   |         |   | 3,447 |   |
| Total liabilities                                                                                                                  |   |        | 306,139 |   |         |   | 310,850 |   |
|                                                                                                                               |   |        |    |   |         |   |   |   |
| Stockholders' equity                                                                                                               |   |        |    |   |         |   |   |   |
| FedFirst Financial Corporation stockholders' equity:                                                                               |   |        |    |   |         |   |   |   |
| Preferred stock $0.01 par value; 10,000,000 shares authorized; none issued                                                         |   |        | -       |   |         |   | - |   |
| Common stock $0.01 par value; 20,000,000 shares authorized; 6,707,500 shares issued and 6,325,772 and 6,326,472 shares outstanding |   |        | 67      |   |         |   | 67 |   |
| Additional paid-in-capital                                                                                                         |   |        | 29,614  |   |         |   | 29,558 |   |
| Retained earnings - substantially restricted                                                                                       |   |        | 17,993  |   |         |   | 17,619 |   |
| Accumulated other comprehensive income (loss), net of deferred taxes (benefit) of $186 and $(25)                                   |   |        | 288     |   |         |   | (39 | ) |
| Unearned Employee Stock Ownership Plan ("ESOP")                                                                                    |   |        | (1,685  | )      |         |   | (1,728 | ) |
| Common stock held in treasury, at cost (381,728 and 381,028 shares)                                                                |   |        | (3,118  | )      |         |   | (3,113 | ) |
| Total FedFirst Financial Corporation stockholders' equity                                                                          |   |        | 43,159  |   |         |   | 42,364 |   |
| Noncontrolling interest in subsidiary                                                                                              |   |        | 61      |   |         |   | 79 |   |
| Total stockholders' equity                                                                                                         |   |        | 43,220  |   |         |   | 42,443 |   |
| Total liabilities and stockholders' equity                                                                                         |   | $           | 349,359 |   |         | $      | 353,293 |   |

----

----

CONSOLIDATED

|                                                                                                       |   | For the Three Months |      |
|------------------------------------------------------------------------------------------------------------|--------|----------------------|-----------|
|                                                                                                       |   | Ended March 31,      |      |
| (Dollars in thousands, except per share data)                                                              |   | 2010                 |      |   | 2009 |   |
|                                                                                                       |   |                 |      |   |   |   |
| Interest income:                                                                                           |   |                 |      |   |   |   |
| Loans                                                                                                      |   | $                    | 3,413     |   |   | $ | 3,355 |   |
| Securities                                                                                                 |   |                 | 948       |   |   |   | 1,209 |   |
| Other interest-earning assets                                                                              |   |                 | 3         |   |   |   | 6 |   |
| Total interest income                                                                                      |   |                 | 4,364     |   |   |   | 4,570 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Interest expense:                                                                                          |   |                 |      |   |   |   |   |   |
| Deposits                                                                                                   |   |                 | 885       |   |   |   | 1,124 |   |
| Borrowings                                                                                                 |   |                 | 979       |   |   |   | 1,226 |   |
| Total interest expense                                                                                     |   |                 | 1,864     |   |   |   | 2,350 |   |
| Net interest income                                                                                        |   |                 | 2,500     |   |   |   | 2,220 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Provision for loan losses                                                                                  |   |                 | 200       |   |   |   | 160 |   |
| Net interest income after provision for loan losses                                                        |   |                 | 2,300     |   |   |   | 2,060 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Noninterest income:                                                                                        |   |                 |      |   |   |   |   |   |
| Fees and service charges                                                                                   |   |                 | 122       |   |   |   | 132 |   |
| Insurance commissions                                                                                      |   |                 | 746       |   |   |   | 701 |   |
| Income from bank-owned life insurance                                                                      |   |                 | 71        |   |   |   | 74 |   |
| Net loss on sales of available-for-sale securities                                                         |   |                 | (5        | ) |   |   | - |   |
| Net loss on sale of real estate owned                                                                      |   |                 | (14       | ) |   |   | - |   |
| Other                                                                                                      |   |                 | 6         |   |   |   | 6 |   |
| Total noninterest income                                                                                   |   |                 | 926       |   |   |   | 913 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Noninterest expense:                                                                                       |   |                 |      |   |   |   |   |   |
| Compensation and employee benefits                                                                         |   |                 | 1,457     |   |   |   | 1,449 |   |
| Occupancy                                                                                                  |   |                 | 378       |   |   |   | 354 |   |
| FDIC insurance premiums                                                                                    |   |                 | 100       |   |   |   | 9 |   |
| Data processing                                                                                            |   |                 | 117       |   |   |   | 107 |   |
| Professional services                                                                                      |   |                 | 168       |   |   |   | 131 |   |
| Other                                                                                                      |   |                 | 362       |   |   |   | 348 |   |
| Total noninterest expense                                                                                  |   |                 | 2,582     |   |   |   | 2,398 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Income before income tax expense and noncontrolling interest in net income of consolidated subsidiary |   |                 |  644 |   |   |   |  575 |   |
| Income tax expense                                                                                         |   |                 | 237       |   |   |   | 218 |   |
| Net income before noncontrolling interest in net income of consolidated subsidiary                         |   |                 |  407 |   |   |   |  357 |   |
| Noncontrolling interest in net income of consolidated subsidiary                                           |   |                 | 33        |   |   |   | 38 |   |
| Net income of FedFirst Financial Corporation                                                               |   | $                    | 374       |   |   | $ | 319 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Earnings per share:                                                                                        |   |                 |      |   |   |   |   |   |
| Basic and diluted                                                                                          |   | $                    | 0.06      |   |   | $ | 0.05 |   |
|                                                                                                       |   |                 |      |   |   |   |   |   |
| Weighted-average shares outstanding:                                                                       |   |                 |      |   |   |   |   |   |
| Basic and diluted                                                                                          |   |                 | 6,106,528 |   |   |   | 6,077,749 |   |

----

----

CONSOLIDATED

| (Dollars in thousands)                                                               |   | Common Stock |   |   | Additional Paid-in-Capital |   |   | Retained Earnings |   |   | AccumulatedOtherComprehensiveLoss |   |   | Unearned ESOP |   |   | Common StockHeld in Treasury |   |   | NoncontrollingInterest inSubsidiary |   |   | TotalStockholders'Equity |   | ComprehensiveIncome |   |
|--------------------------------------------------------------------------------------|--------|--------------|--------|--------|----------------------------|--------|--------|-------------------|--------|--------|-----------------------------------|--------|--------|---------------|--------|--------|------------------------------|--------|--------|-------------------------------------|--------|--------|--------------------------|--------|---------------------|--------|
| Balance at January 1, 2009                                                           |   | $            | 67     |   |                       | $      | 29,291 |              |   | $      | 15,930                            |   |   | $             | (1,111 | )      |                         | $      | (1,901 | )                                   |   | $      | (2,955                   | )      |                | $      | 103 |   |   | $ | 39,424 |   |   |   |   |
| Comprehensive income (loss):                                                         |   |         |   |   |                       |   |   |              |   |   |                              |   |   |          |   |   |                         |   |   |                                |   |   |                     |   |                |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                           |   |         | -      |   |                       |   | -      |              |   |   | 319                               |   |   |          | -      |   |                         |   | -      |                                |   |   | -                        |   |                |   | 38 |   |   |   | 357 |   |   | $ | 357 |   |
| Unrealized gain on securities available-for-sale, net of tax of $275                 |   |         | -      |   |                       |   | -      |              |   |   | -                                 |   |   |          | 426    |   |                         |   | -      |                                |   |   | -                        |   |                |   | - |   |   |   | 426 |   |   |   | 426 |   |
| Purchase of common stock to be held in treasury (15,000 shares)                      |   |         | -      |   |                       |   | -      |              |   |   | -                                 |   |   |          | -      |   |                         |   | -      |                                |   |   | (67                      | )      |                |   | - |   |   |   | (67 | ) |   |   |   |   |
| ESOP shares committed to be released (4,320 shares)                                  |   |         | -      |   |                       |   | (26    | )                 |   |   | -                                 |   |   |          | -      |   |                         |   | 43     |                                |   |   | -                        |   |                |   | - |   |   |   | 17 |   |   |   |   |   |
| Stock-based compensation expense                                                     |   |         | -      |   |                       |   | 73     |              |   |   | -                                 |   |   |          | -      |   |                         |   | -      |                                |   |   | -                        |   |                |   | - |   |   |   | 73 |   |   |   |   |   |
| Distribution to noncontrolling shareholder                                           |   |         | -      |   |                       |   | -      |              |   |   | -                                 |   |   |          | -      |   |                         |   | -      |                                |   |   | -                        |   |                |   | (75 | ) |   |   | (75 | ) |   |   |   |   |
| Total comprehensive income                                                           |   |         |   |   |                       |   |   |              |   |   |                              |   |   |          |   |   |                         |   |   |                                |   |   |                     |   |                |   |   |   |   |   |   |   |   |   | 783 |   |
| Less: Comprehensive income attributable to the noncontrolling interest in subsidiary |   |         |   |   |                       |   |   |              |   |   |                              |   |   |          |   |   |                         |   |   |                                |   |   |                     |   |                |   |   |   |   |   |   |   |   |   | 38 |   |
| Comprehensive income attributable to FedFirst Financial Corporation                  |   |         |   |   |                       |   |   |              |   |   |                              |   |   |          |   |   |                         |   |   |                                |   |   |                     |   |                |   |   |   |   |   |   |   |   | $  |  745 |   |
|                                                                                 |   |         |   |   |                       |   |   |              |   |   |                              |   |   |          |   |   |                         |   |   |                                |   |   |                     |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2009                                                            |   | $            | 67     |   |                       | $      | 29,338 |              |   | $      | 16,249                            |   |   | $             | (685   | )      |                         | $      | (1,858 | )                                   |   | $      | (3,022                   | )      |                | $      | 66 |   |   | $ | 40,155 |   |   |   |   |   |

| (Dollars in thousands)                                                                     |   | CommonStock |   |   | AdditionalPaid-in-Capital |   |   | RetainedEarnings |   |   | AccumulatedOther ComprehensiveGain (Loss) |   |   | UnearnedESOP |   |   | CommonStockHeld inTreasury |   |   | Noncontrolling Interest in Subsidiary |   |   | TotalStockholders'Equity |   |   | Comprehensive Income |   |
|--------------------------------------------------------------------------------------------|--------|-------------|--------|--------|---------------------------|--------|--------|------------------|--------|--------|-------------------------------------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------------------------|--------|--------|--------------------------|--------|--------|----------------------|--------|
| Balance at January 1, 2010                                                                 |   | $           | 67     |   |                      | $      | 29,558 |             |   | $      | 17,619                                    |   |   | $            | (39    | )      |                       | $      | (1,728 | )                                     |   | $      | (3,113                   | )      |   | $                    | 79     |   |   | $ | 42,443 |   |   |   |   |
| Comprehensive income (loss):                                                               |   |        |   |   |                      |   |   |             |   |   |                                      |   |   |         |   |   |                       |   |   |                                  |   |   |                     |   |   |                 |   |   |   |   |   |   |   |   |   |
| Net income                                                                                 |   |        | -      |   |                      |   | -      |             |   |   | 374                                       |   |   |         | -      |   |                       |   | -      |                                  |   |   | -                        |   |   |                 | 33     |   |   |   | 407 |   |   | $ | 407 |   |
| Unrealized gain on securities available-for-sale, net of tax of $273                       |   |        | -      |   |                      |   | -      |             |   |   | -                                         |   |   |         | 423    |   |                       |   | -      |                                  |   |   | -                        |   |   |                 | -      |   |   |   | 423 |   |   |   | 423 |   |
| Reclassification adjustment on sales of securities available-for-sale, net of tax of $(62) |   |        | -      |   |                      |   | -      |             |   |   | -                                         |   |   |         | (96    | )      |                       |   | -      |                                  |   |   | -                        |   |   |                 | -      |   |   |   | (96 | ) |   |   | (96 | ) |
| ESOP shares committed to be released (4,320 shares)                                        |   |        | -      |   |                      |   | (24    | )                |   |   | -                                         |   |   |         | -      |   |                       |   | 43     |                                  |   |   | -                        |   |   |                 | -      |   |   |   | 19 |   |   |   |   |   |
| Stock-based compensation expense                                                           |   |        | -      |   |                      |   | 75     |             |   |   | -                                         |   |   |         | -      |   |                       |   | -      |                                  |   |   | -                        |   |   |                 | -      |   |   |   | 75 |   |   |   |   |   |
| Stock awards forfeited                                                                     |   |        | -      |   |                      |   | 5      |             |   |   | -                                         |   |   |         | -      |   |                       |   | -      |                                  |   |   | (5                       | )      |   |                 | -      |   |   |   | - |   |   |   |   |   |
| Distribution to noncontrolling shareholder                                                 |   |        | -      |   |                      |   | -      |             |   |   | -                                         |   |   |         | -      |   |                       |   | -      |                                  |   |   | -                        |   |   |                 | (51    | ) |   |   | (51 | ) |   |   |   |   |
| Total comprehensive income                                                                 |   |        |   |   |                      |   |   |             |   |   |                                      |   |   |         |   |   |                       |   |   |                                  |   |   |                     |   |   |                 |   |   |   |   |   |   |   |   | 734 |   |
| Less: Comprehensive income attributable to thenoncontrolling interest in subsidiary        |   |        |   |   |                      |   |   |             |   |   |                                      |   |   |         |   |   |                       |   |   |                                  |   |   |                     |   |   |                 |   |   |   |   |   |   |   |   | 33 |   |
| Comprehensive income attributable to FedFirst Financial Corporation                        |   |        |   |   |                      |   |   |             |   |   |                                      |   |   |         |   |   |                       |   |   |                                  |   |   |                     |   |   |                 |   |   |   |   |   |   |   | $ |  701 |   |
|                                                                                       |   |        |   |   |                      |   |   |             |   |   |                                      |   |   |         |   |   |                       |   |   |                                  |   |   |                     |   |   |                 |   |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2010                                                                  |   | $           | 67     |   |                      | $      | 29,614 |             |   | $      | 17,993                                    |   |   | $            | 288    |   |                       | $      | (1,685 | )                                     |   | $      | (3,118                   | )      |   | $                    | 61     |   |   | $ | 43,220 |   |   |   |   |   |

----

----

CONSOLIDATED

|                                                                                  |   | For the Three Months |        |
|---------------------------------------------------------------------------------------|--------|----------------------|-------------|
|                                                                                  |   | Ended March 31,      |        |
| (Dollars in thousands)                                                                |   | 2010                 |        |   | 2009 |   |
| Cash flows from operating activities:                                                 |   |                 |        |   |   |   |
| Net income of FedFirst Financial Corporation                                          |   | $                    | 374         |   |   | $ | 319 |   |
| Adjustments to reconcile net income to net cash provided by operating activities:     |   |                 |        |   |   |   |   |   |
| Noncontrolling interest in net income of consolidated subsidiary                      |   |                 | 33          |   |   |   | 38 |   |
| Provision for loan losses                                                             |   |                 | 200         |   |   |   | 160 |   |
| Depreciation                                                                          |   |                 | 136         |   |   |   | 134 |   |
| Amortization of intangibles                                                           |   |                 | 29          |   |   |   | - |   |
| Net loss on sales of available-for-sale securities                                    |   |                 | 5           |   |   |   | - |   |
| Net loss on sale of real estate owned                                                 |   |                 | 14          |   |   |   | - |   |
| Net accretion of security discounts/premiums and loan costs                           |   |                 | 63          |   |   |   | 106 |   |
| Noncash expense for ESOP                                                              |   |                 | 19          |   |   |   | 17 |   |
| Noncash expense for stock-based compensation                                          |   |                 | 75          |   |   |   | 73 |   |
| Increase in bank-owned life insurance                                                 |   |                 | (71         | ) |   |   | (74 | ) |
| (Increase) decrease in other assets                                                   |   |                 | (125        | ) |   |   | 1,182 |   |
| Decrease in other liabilities                                                         |   |                 | (330        | ) |   |   | (401 | ) |
| Net cash provided by operating activities                                             |   |                 | 422         |   |   |   | 1,554 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Cash flows from investing activities:                                                 |   |                 |        |   |   |   |   |   |
| Net loan repayments                                                                   |   |                 | 5,981       |   |   |   | 467 |   |
| Proceeds from maturities of and principal repayments of securities available-for-sale |   |                 |  3,448 |   |   |   |  11,585 |   |
| Proceeds from sales of securities available-for-sale                                  |   |                 | 7,959       |   |   |   | - |   |
| Purchases of securities available-for-sale                                            |   |                 | (8,146      | ) |   |   | (2,007 | ) |
| Purchases of premises and equipment                                                   |   |                 | (99         | ) |   |   | (55 | ) |
| Acquisition of Allsurance Insurance Agency                                            |   |                 | -           |   |   |   | (525 | ) |
| Proceeds from sale of real estate owned                                               |   |                 | 73          |   |   |   | - |   |
| Net cash provided by investing activities                                             |   |                 | 9,216       |   |   |   | 9,465 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Cash flows from financing activities:                                                 |   |                 |        |   |   |   |   |   |
| Net decrease in short-term borrowings                                                 |   |                 | (1,800      | ) |   |   | (2,400 | ) |
| Repayments of long-term borrowings                                                    |   |                 | (14,172     | ) |   |   | (15,560 | ) |
| Net increase in deposits                                                              |   |                 | 10,897      |   |   |   | 8,644 |   |
| Increase in advance payments by borrowers for taxes and insurance                     |   |                 | 694         |   |   |   | 204 |   |
| Purchases of common stock held in treasury                                            |   |                 | -           |   |   |   | (67 | ) |
| Distribution to noncontrolling shareholder                                            |   |                 | (51         | ) |   |   | (75 | ) |
| Net cash used in financing activities                                                 |   |                 | (4,432      | ) |   |   | (9,254 | ) |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Net increase in cash and cash equivalents                                             |   |                 | 5,206       |   |   |   | 1,765 |   |
| Cash and cash equivalents, beginning of period                                        |   |                 | 7,496       |   |   |   | 7,847 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Cash and cash equivalents, end of period                                              |   | $                    | 12,702      |   |   | $ | 9,612 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Supplemental cash flow information:                                                   |   |                 |        |   |   |   |   |   |
| Cash paid for:                                                                        |   |                 |        |   |   |   |   |   |
| Interest on deposits and borrowings                                                   |   | $                    | 1,921       |   |   | $ | 2,570 |   |
| Income tax expense                                                                    |   |                 | 42          |   |   |   | 86 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Real estate acquired in settlement of loans                                           |   |                 | 724         |   |   |   | 22 |   |
|                                                                                  |   |                 |        |   |   |   |   |   |
| Securities sold not settled                                                           |   |                 | 133         |   |   |   | - |   |

----

----

Notes

----

----

|   | · | A reporting entity to disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | In the reconciliation for fair value measurements using significant unobservable inputs, a reporting entity should present separately information about purchases, sales, issuances, and settlements. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | For purposes of reporting fair value measurement for each class of assets and liabilities, a reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| March 31, 2010                      |   | AmortizedCost |   |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | FairValue |   |
|-------------------------------------|--------|---------------|--------|--------|----------------------|--------|--------|-----------------------|--------|--------|-----------|--------|
| Government-Sponsored Enterprises    |   | $             | 7,943  |   |                 | $      | 22     |                  |   | $      | 14        |   |   | $ | 7,951 |   |
| Municipal bonds                     |   |          | 4,014  |   |                 |   | 309    |                  |   |   | -         |   |   |   | 4,323 |   |
| Mortgage-backed                     |   |          | 28,411 |   |                 |   | 1,375  |                  |   |   | 1         |   |   |   | 29,785 |   |
| REMICs                              |   |          | 31,803 |   |                 |   | 1,097  |                  |   |   | 785       |   |   |   | 32,115 |   |
| Corporate debt                      |   |          | 3,995  |   |                 |   | -      |                  |   |   | 1,529     |   |   |   | 2,466 |   |
| Equities                            |   |          | 49     |   |                 |   | -      |                  |   |   | -         |   |   |   | 49 |   |
| Total securities available-for-sale |   | $             | 76,215 |   |                 | $      | 2,803  |                  |   | $      | 2,329     |   |   | $ | 76,689 |   |
|                                |   |          |   |   |                 |   |   |                  |   |   |      |   |   |   |   |   |
| December 31, 2009                   |   |          |   |   |                 |   |   |                  |   |   |      |   |   |   |   |   |
| Government-Sponsored Enterprises    |   | $             | 5,954  |   |                 | $      | 15     |                  |   | $      | 224       |   |   | $ | 5,745 |   |
| Municipal bonds                     |   |          | 4,014  |   |                 |   | 257    |                  |   |   | -         |   |   |   | 4,271 |   |
| Mortgage-backed                     |   |          | 35,467 |   |                 |   | 1,476  |                  |   |   | 7         |   |   |   | 36,936 |   |
| REMICs                              |   |          | 30,144 |   |                 |   | 1,178  |                  |   |   | 857       |   |   |   | 30,465 |   |
| Corporate debt                      |   |          | 3,995  |   |                 |   | -      |                  |   |   | 1,902     |   |   |   | 2,093 |   |
| Equities                            |   |          | 49     |   |                 |   | -      |                  |   |   | -         |   |   |   | 49 |   |
| Total securities available-for-sale |   | $             | 79,623 |   |                 | $      | 2,926  |                  |   | $      | 2,990     |   |   | $ | 79,559 |   |
```

```

----

----

|                       |   | Amortized |   |   | Fair   |   |
|----------------------------|--------|-----------|--------|--------|--------|--------|
| (Dollars in thousands)     |   | Cost      |   |   | Value  |   |
| Due in one year or less    |   | $         | -      |   |   | $      | - |   |
| Due from one to five years |   |      | 2,015  |   |   |   | 2,091 |   |
| Due from five to ten years |   |      | 15,899 |   |   |   | 16,296 |   |
| Due after ten years        |   |      | 58,252 |   |   |   | 58,253 |   |
| No scheduled maturity      |   |      | 49     |   |   |   | 49 |   |
| Total                      |   | $         | 76,215 |   |   | $      | 76,689 |   |
|                       |   |      |   |   |   |   |   |   |

|                                                 |   | Less than 12 months  |   |   | 12 months or more |   |   | Total                   |   |
|------------------------------------------------------|--------|----------------------|--------|--------|-------------------|--------|--------|-------------------------|--------|
| March 31, 2010                                       |   | Number of Securities |   |   | Fair Value        |   |   | Gross Unrealized Losses |   |   | Number of Securities |   |   | Fair Value |   |   | Gross Unrealized Losses |   |   | Number of Securities |   |   | Fair Value |   |   | Gross Unrealized Losses |   |
| Government-sponsored enterprises                     |   |                 | 1      |   |              | $      | 1,981  |                    |   | $ | 14 |   |   |   | - |   |   | $ | - |   |   | $ | - |   |   |   | 1 |   |   | $ | 1,981 |   |   | $ | 14 |   |
| Mortgage-backed                                      |   |                 | 1      |   |              |   | 2      |                    |   |   | 1 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1 |   |   |   | 2 |   |   |   | 1 |   |
|                                                 |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REMICs:                                              |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Private label issuer:                                |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prime fixed and adjustable rate                      |   |                 | -      |   |              |   | -      |                    |   |   | - |   |   |   | 3 |   |   |   | 885 |   |   |   | 23 |   |   |   | 3 |   |   |   | 885 |   |   |   | 23 |   |
| Alt-A fixed rate                                     |   |                 | 7      |   |              |   | 2,915  |                    |   |   | 636 |   |   |   | 1 |   |   |   | 744 |   |   |   | 104 |   |   |   | 8 |   |   |   | 3,659 |   |   |   | 740 |   |
| Government-sponsored enterprises                |   |                 | 2      |   |              |   | 3,356  |                    |   |   | 22 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2 |   |   |   | 3,356 |   |   |   | 22 |   |
| Total REMICs                                         |   |                 | 9      |   |              |   | 6,271  |                    |   |   | 658 |   |   |   | 4 |   |   |   | 1,629 |   |   |   | 127 |   |   |   | 13 |   |   |   | 7,900 |   |   |   | 785 |   |
|                                                 |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate debt                                       |   |                 | -      |   |              |   | -      |                    |   |   | - |   |   |   | 3 |   |   |   | 2,466 |   |   |   | 1,529 |   |   |   | 3 |   |   |   | 2,466 |   |   |   | 1,529 |   |
| Total securities temporarily impaired |   |                 | 11     |   |              | $      | 8,254  |                    |   | $ | 673 |   |   |   | 7 |   |   | $ | 4,095 |   |   | $ | 1,656 |   |   |   | 18 |   |   | $ | 12,349 |   |   | $ | 2,329 |   |
```

```

|                                  |   | Less than 12 months  |   |   | 12 months or more |   |   | Total                   |   |
|---------------------------------------|--------|----------------------|--------|--------|-------------------|--------|--------|-------------------------|--------|
| March 31, 2010                        |   | Number of Securities |   |   | Fair Value        |   |   | Gross Unrealized Losses |   |   | Number of Securities |   |   | Fair Value |   |   | Gross Unrealized Losses |   |   | Number of Securities |   |   | Fair Value |   |   | Gross Unrealized Losses |   |
| Government-sponsored enterprises |   |                 | 1      |   |              | $      | 2,775  |                    |   | $ | 224 |   |   |   | - |   |   | $ | - |   |   | $ | - |   |   |   | 1 |   |   | $ | 2,775 |   |   | $ | 224 |   |
| Mortgage-backed                       |   |                 | 9      |   |              |   | 2,111  |                    |   |   | 6 |   |   |   | 1 |   |   |   | 16 |   |   |   | 1 |   |   |   | 10 |   |   |   | 2,127 |   |   |   | 7 |   |
|                                  |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REMICs:                               |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Private label issuer:                 |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prime fixed and adjustable rate       |   |                 | -      |   |              |   | -      |                    |   |   | - |   |   |   | 3 |   |   |   | 955 |   |   |   | 25 |   |   |   | 3 |   |   |   | 955 |   |   |   | 25 |   |
| Alt-A fixed rate                      |   |                 | 4      |   |              |   | 2,010  |                    |   |   | 622 |   |   |   | 3 |   |   |   | 2,755 |   |   |   | 201 |   |   |   | 7 |   |   |   | 4,765 |   |   |   | 823 |   |
| Government-sponsored enterprises      |   |                 | 3      |   |              |   | 598    |                    |   |   | 7 |   |   |   | 1 |   |   |   | 638 |   |   |   | 2 |   |   |   | 4 |   |   |   | 1,236 |   |   |   | 9 |   |
| Total REMICs                          |   |                 | 7      |   |              |   | 2,608  |                    |   |   | 629 |   |   |   | 7 |   |   |   | 4,348 |   |   |   | 228 |   |   |   | 14 |   |   |   | 6,956 |   |   |   | 857 |   |
|                                  |   |                 |   |   |              |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate debt                        |   |                 | -      |   |              |   | -      |                    |   |   | - |   |   |   | 3 |   |   |   | 2,093 |   |   |   | 1,902 |   |   |   | 3 |   |   |   | 2,093 |   |   |   | 1,902 |   |
| Total securities temporarily impaired |   |                 | 17     |   |              | $      | 7,494  |                    |   | $ | 859 |   |   |   | 11 |   |   | $ | 6,457 |   |   | $ | 2,131 |   |   |   | 28 |   |   | $ | 13,951 |   |   | $ | 2,990 |   |

----

----

|           |   | Less than 12 months |   |   | 12 months or more |   |   | Total                 |   |
|----------------|--------|---------------------|--------|--------|-------------------|--------|--------|-----------------------|--------|
| March 31, 2010 |   | Number ofSecurities |   |   | FairValue         |   |   | GrossUnrealizedLosses |   |   | Number ofSecurities |   |   | FairValue |   |   | GrossUnrealizedLosses |   |   | Number ofSecurities |   |   | FairValue |   |   | GrossUnrealizedLosses |   |
| Vintage        |   |                |   |   |              |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2003           |   |                | -      |   |              | $      | -      |                  |   | $ | - |   |   |   | 2 |   |   | $ | 530 |   |   | $ | 6 |   |   |   | 2 |   |   | $ | 530 |   |   | $ | 6 |   |
| 2004           |   |                | -      |   |              |   | -      |                  |   |   | - |   |   |   | 1 |   |   |   | 355 |   |   |   | 17 |   |   |   | 1 |   |   |   | 355 |   |   |   | 17 |   |
| 2005           |   |                | 1      |   |              |   | 331    |                  |   |   | 49 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1 |   |   |   | 331 |   |   |   | 49 |   |
| 2006           |   |                | 4      |   |              |   | 1,697  |                  |   |   | 401 |   |   |   | 1 |   |   |   | 744 |   |   |   | 104 |   |   |   | 5 |   |   |   | 2,441 |   |   |   | 505 |   |
| 2007           |   |                | 2      |   |              |   | 887    |                  |   |   | 186 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2 |   |   |   | 887 |   |   |   | 186 |   |
| Total          |   |                | 7      |   |              | $      | 2,915  |                  |   | $ | 636 |   |   |   | 4 |   |   | $ | 1,629 |   |   | $ | 127 |   |   |   | 11 |   |   | $ | 4,544 |   |   | $ | 763 |   |

----

----

| Key Assumptions             | Percentage |
|-----------------------------|------------|
| Conditional prepayment rate | 6 %        |
| Loss Severity               | 39 - 63%   |
| Default                     | 5 - 10.5%  |

| Pool        | Class     |   | Tranche |   |   | Amortized Cost |   |   | Fair Value |   |   | Unrealized Loss |   | S&P / Fitch Rating |   | Current Number of Insurance Companies |   |   | Total Collateral |   |   | Current Deferrals and Defaults |   |   | Performing Collateral |   |   | Additional Immediate Deferrals / Defaults Before Causing an Interest Shortfall (a) |   |   | Additional Immediate Deferrals / Defaults Before Causing a Break in Yield (b) |   |
|-------------|-----------|--------|---------|--------|--------|----------------|--------|--------|------------|--------|--------|-----------------|--------|------------------------|--------|---------------------------------------|--------|--------|------------------|--------|--------|--------------------------------|--------|--------|-----------------------|--------|--------|------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------|--------|
| I-PreTSL I  | Mezzanine |   |    | B-3    |   |           | $      | 1,500  |       |   | $      | 939             |   |                   | $      | (561                                  | )      | B+/BB  |             |   | 17     |                           |   | $      | 193,500               |   |   | $                                                                                  | 17,500 |   |                                                                          | $      | 176,000 |   |   | $ | 98,500 |   |   | $ | 51,000 |   |
| I-PreTSL II | Mezzanine |   |    | B-3    |   |           |   | 2,495  |       |   |   | 1,527           |   |                   |   | (968                                  | )      | B+/BB  |             |   | 29     |                           |   |   | 378,000               |   |   |                                                                               | -      |   |                                                                          |   | 378,000 |   |   |   | 153,000 |   |   |   | 140,000 |   |
|        |      |   |    |   |   |           | $      | 3,995  |       |   | $      | 2,466           |   |                   | $      | (1,529                                | )      |   |             |   |   |                           |   |   |                  |   |   |                                                                               |   |   |                                                                          |   |   |   |   |   |   |   |   |   |   |   |

|   | (a) | A temporary interest shortfall is caused by an amount of deferrals/defaults high enough such that there is insufficient cash flow available to pay current interest on the given tranche or by breaching the principal coverage test of the tranche immediately senior to the given tranche. Amounts presented represent additional deferrals/defaults beyond those currently existing that must occur before the security would experience an interest shortfall. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | A break in yield for a given tranche means that deferrals/defaults have reached such a level that the tranche would not receive all of its contractual cash flows (principal and interest) by maturity (so not just a temporary interest shortfall, but an actual loss in yield on the investment). In other words, the magnitude of the defaults/deferrals has depleted all of the credit enhancement (excess interest and over-collateralization) beneath the given tranche. Amounts presented represent additional deferrals/defaults beyond those currently existing that must occur before the security would experience a break in yield. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|                            |   | March 31, 2010 |         | December 31, 2009 |
|---------------------------------|--------|----------------|--------------|-------------------|
| (Dollars in thousands)          |   | Amount         |         |              | Percent |   | Amount |   |   | Percent |
| Real estate-mortgage:           |   |           |         |              |   |   |   |   |   |   |   |   |
| One-to-four family residential  |   | $              | 153,863      |              |   |   | 64.7 | % |   | $ | 158,073 |   |   |   | 64.6 | % |
| Multi-family                    |   |           | 9,293        |              |   |   | 3.9 |   |   |   | 9,991 |   |   |   | 4.1 |   |
| Commercial                      |   |           | 30,986       |              |   |   | 13.0 |   |   |   | 31,405 |   |   |   | 12.8 |   |
| Total real estate-mortgage      |   |           | 194,142      |              |   |   | 81.6 |   |   |   | 199,469 |   |   |   | 81.5 |   |
|                            |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate-construction:       |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                     |   |           | 2,732        |              |   |   | 1.1 |   |   |   | 3,028 |   |   |   | 1.2 |   |
| Commercial                      |   |           | 3,320        |              |   |   | 1.4 |   |   |   | 2,576 |   |   |   | 1.1 |   |
| Total real estate-construction  |   |           | 6,052        |              |   |   | 2.5 |   |   |   | 5,604 |   |   |   | 2.3 |   |
|                            |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer:                       |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity                     |   |           | 26,774       |              |   |   | 11.3 |   |   |   | 27,090 |   |   |   | 11.1 |   |
| Loans on savings accounts       |   |           | 918          |              |   |   | 0.4 |   |   |   | 929 |   |   |   | 0.4 |   |
| Other                           |   |           | 1,279        |              |   |   | 0.5 |   |   |   | 1,314 |   |   |   | 0.5 |   |
| Total consumer                  |   |           | 28,971       |              |   |   | 12.2 |   |   |   | 29,333 |   |   |   | 12.0 |   |
|                            |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial business             |   |           | 8,891        |              |   |   | 3.7 |   |   |   | 10,327 |   |   |   | 4.2 |   |
| Total loans                     |   | $              | 238,056      |              |   |   | 100.0 | % |   | $ | 244,733 |   |   |   | 100.0 | % |
|                            |   |           |         |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net premiums on loans purchased |   |           | 110          |              |   |   |   |   |   |   | 108 |   |   |   |   |   |
| Net deferred loan costs         |   |           | 773          |              |   |   |   |   |   |   | 829 |   |   |   |   |   |
| Loans in process                |   |           | (2,894       | )                 |   |   |   |   |   |   | (2,774 | ) |   |   |   |   |
| Allowance for loan losses       |   |           |  (2,617 | )                 |   |   |   |   |   |   |  (2,509 | ) |   |   |   |   |
| Loans, net                      |   | $              | 233,428      |              |   |   |   |   |   | $ | 240,387 |   |   |   |   |   |

----

----

|                                                                         |   | March 31, |   |   | December 31, |   |
|------------------------------------------------------------------------------|--------|-----------|--------|--------|--------------|--------|
| (Dollars in thousands)                                                       |   | 2010      |   |   | 2009         |   |
| Nonaccrual loans:                                                            |   |      |   |   |         |   |
| Real estate - mortgage                                                       |   | $         | 1,455  |   |         | $      | 1,096 |   |
| Consumer                                                                     |   |      | 217    |   |         |   | 135 |   |
| Total                                                                        |   |      | 1,672  |   |         |   | 1,231 |   |
|                                                                         |   |      |   |   |         |   |   |   |
| Accruing loans past due 90 days or more                                      |   |      | -      |   |         |   | - |   |
| Total of nonaccrual and 90 days or more past due loans (nonperforming loans) |   |      | 1,672  |   |         |   | 1,231 |   |
| Real estate owned                                                            |   |      | 1,055  |   |         |   | 419 |   |
| Total nonperforming assets                                                   |   | $         | 2,727  |   |         | $      | 1,650 |   |
|                                                                         |   |      |   |   |         |   |   |   |
| Troubled debt restructurings                                                 |   |      | -      |   |         |   | - |   |
|                                                                         |   |      |   |   |         |   |   |   |
| Troubled debt restructurings and total nonperforming assets                  |   | $         | 2,727  |   |         | $      | 1,650 |   |
|                                                                         |   |      |   |   |         |   |   |   |
| Total nonperforming loans to total loans                                     |   |      | 0.70   | %      |         |   | 0.50 | % |
| Total nonperforming assets to total assets                                   |   |      | 0.78   |   |         |   | 0.47 |   |

| (Dollars in thousands)  |   | March 31,2010 |   |   | December 31,2009 |   |
|-------------------------|--------|---------------|--------|--------|------------------|--------|
| Special mention assets  |   | $             | 1,710  |   |             | $      | 3,562 |   |
| Substandard assets      |   |          | 5,127  |   |             |   | 2,339 |   |
| Doubtful assets         |   |          | -      |   |             |   | - |   |
| Loss assets             |   |          | -      |   |             |   | - |   |
| Total classified assets |   | $             | 6,837  |   |             | $      | 5,901 |   |

|                             |   | Three Months Ended |   |   | Year Ended   |   |
|----------------------------------|--------|--------------------|--------|--------|--------------|--------|
|                             |   | March 31,          |   |   | December 31, |   |
| (Dollars in thousands)           |   | 2010               |   |   | 2009         |   |   | 2009 |   |
| Allowance at beginning of period |   | $                  | 2,509  |   |         | $      | 1,806 |   |   | $ | 1,806 |   |
| Provision for loan losses        |   |               | 200    |   |         |   | 160 |   |   |   | 1,090 |   |
| Charge-offs                      |   |               | (92    | )      |         |   | (14 | ) |   |   | (390 | ) |
| Recoveries                       |   |               | -      |   |         |   | 1 |   |   |   | 3 |   |
| Net charge-offs                  |   |               | (92    | )      |         |   | (13 | ) |   |   | (387 | ) |
| Allowance at end of period       |   | $                  | 2,617  |   |         | $      | 1,953 |   |   | $ | 2,509 |   |

----

----

|   | · | Loans purchased in the secondary market.  Prior to September 2005, pools of multi-family and one-to-four family residential mortgage loans located in areas outside of our primary geographic lending area in southwestern Pennsylvania were acquired in the secondary market. Although these loans were underwritten to our lending standards, they are considered higher risk given our unfamiliarity with the geographic areas where the properties are located. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Home equity loans with a loan-to-value ratio greater than 80%. These loans are considered higher risk given the pressure on property values and reduced credit alternatives available to leveraged borrowers. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                |   | March 31, 2010 |    |   | December 31, 2009 |   |
|-------------------------------------|--------|----------------|---------|--------|-------------------|--------|
| (Dollars in thousands)              |   | Amount         |    |   | Percent           |   |   | Amount |   |   | Percent |   |
| Noninterest-bearing demand deposits |   | $              | 17,769  |   |              |   | 8.7 | % |   | $ | 15,963 |   |   |   | 8.2 | % |
| Interest-bearing demand deposits    |   |           | 13,774  |   |              |   | 6.7 |   |   |   | 15,214 |   |   |   | 7.9 |   |
| Savings accounts                    |   |           | 22,261  |   |              |   | 10.9 |   |   |   | 21,560 |   |   |   | 11.1 |   |
| Money market accounts               |   |           | 58,540  |   |              |   | 28.6 |   |   |   | 53,282 |   |   |   | 27.5 |   |
| Certificates of deposit             |   |           | 92,134  |   |              |   | 45.1 |   |   |   | 87,562 |   |   |   | 45.3 |   |
| Total deposits                      |   | $              | 204,478 |   |              |   | 100.0 | % |   | $ | 193,581 |   |   |   | 100.0 | % |

|                       |   | March 31, 2010 |   | December 31, 2009 |
|----------------------------|--------|----------------|--------|-------------------|
|                       |   |           |   | Weighted          |   |   |   | Weighted |
|                       |   |           |   | Average           |   |   |   | Average |
| (Dollars in thousands)     |   | Balance        |   | Rate              |   | Balance |   | Rate |
| Due in one year or less    |   | $              | 31,908 |              |   |   | 3.53 | % |   | $ | 31,778 |   |   |   | 3.27 | % |
| Due in one to two years    |   |           | 7,452  |              |   |   | 4.22 |   |   |   | 20,909 |   |   |   | 3.58 |   |
| Due in two to three years  |   |           | 23,413 |              |   |   | 4.34 |   |   |   | 22,041 |   |   |   | 4.53 |   |
| Due in three to four years |   |           | 15,766 |              |   |   | 3.77 |   |   |   | 19,783 |   |   |   | 3.68 |   |
| Due in four to five years  |   |           | 18,000 |              |   |   | 3.41 |   |   |   | 18,000 |   |   |   | 3.41 |   |
| Total                      |   | $              | 96,539 |              |   |   | 3.79 | % |   | $ | 112,511 |   |   |   | 3.67 | % |

| (Dollars in thousands)                                        |   | Three MonthsEndedMarch 31, 2010 |    |   | Year EndedDecember 31, 2009 |   |
|---------------------------------------------------------------|--------|---------------------------------|---------|--------|-----------------------------|--------|
| Maximum amount outstanding at any month end during the period |   | $                               | 110,456 |   |                        | $      | 127,559 |   |
| Average amounts outstanding during the period                 |   |                            | 106,516 |   |                        |   | 118,987 |   |
| Weighted average rate during the period                       |   |                            | 3.68    | %      |                        |   | 3.86 | % |

----

----

|                                                               |   | Three Months Ended |      |
|--------------------------------------------------------------------|--------|--------------------|-----------|
|                                                               |   | March 31,          |      |
| (Dollars in thousands, except per share amounts)                   |   | 2010               |      |   | 2009 |   |
|                                                               |   |               |      |   |   |   |
| Net income of FedFirst Financial Corporation                       |   | $                  | 374       |   |   | $ | 319 |   |
| Weighted-average shares outstanding:                               |   |               |      |   |   |   |   |   |
| Basic                                                              |   |               | 6,106,528 |   |   |   | 6,077,749 |   |
| Effect of dilutive stock options and restrictive stock awards |   |               | -         |   |   |   | - |   |
| Diluted                                                            |   |               | 6,106,528 |   |   |   | 6,077,749 |   |
|                                                               |   |               |      |   |   |   |   |   |
| Earnings per share:                                                |   |               |      |   |   |   |   |   |
| Basic and diluted                                                  |   | $                  | 0.06      |   |   | $ | 0.05 |   |

|   | Level 1 – | Quoted prices for identical instruments in active markets. |
|--------|----------------------|------------------------------------------------------------|

|   | Level 2 – | Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are active, and model derived valuations in which significant inputs or significant drivers are observable in active markets. |
|--------|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 3 – | Valuations derived from valuation techniques in which one or more significant inputs or significant drivers are unobservable. |
|--------|-----------------|-------------------------------------------------------------------------------------------------------------------------------|

----

----

| (Dollars in thousands)                        |   | March 31, 2010 |   |   | December 31, 2009 |   |
|-----------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| Significant other observable inputs (Level 2) |   | $              | 72,864 |   |              | $      | 75,983 |   |
| Significant unobservable inputs (Level 3)     |   |           | 3,825  |   |              |   | 3,576 |   |
| Total securities                              |   | $              | 76,689 |   |              | $      | 79,559 |   |

|                    |   | Significant         |   |
|-------------------------|--------|---------------------|--------|
|                    |   | Unobservable Inputs |   |
| (Dollars in thousands)  |   | (Level 3)           |   |
| December 31, 2009       |   | $                   | 3,576  |   |
| Total unrealized gains  |   |                | 371    |   |
| Paydowns and maturities |   |                | (122   | ) |
| March 31, 2010          |   | $                   | 3,825  |   |

| (Dollars in thousands)                                                                                                                                                                               |   | March 31, 2010 |   |   | December 31, 2009 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| The amount of total unrealized gains for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains relating to assets still held at period indicated |   | $              | 371    |   |              | $      | 591 |   |

----

----

| Level 2           |   | March 31, 2010 |   |   | December 31, 2009 |   |
|-------------------|--------|----------------|--------|--------|-------------------|--------|
| Impaired loans    |   | $              | 582    |   |              | $      | 634 |   |
| Real estate owned |   |           | 1,055  |   |              |   | 419 |   |

----

----

| (Dollars in thousands)      |   | March 31, 2010 |    |   | December 31, 2009 |   |
|-----------------------------|--------|----------------|---------|--------|-------------------|--------|
|                        |   | Carrying       |    |   | Estimated         |   |   | Carrying |   |   | Estimated |   |
|                        |   | Amount         |    |   | Fair Value        |   |   | Amount |   |   | Fair Value |   |
| Financial assets:           |   |           |    |   |              |   |   |   |   |   |   |   |
| Cash and cash equivalents   |   | $              | 12,702  |   |              | $      | 12,702 |   |   | $ | 7,496 |   |   | $ | 7,496 |   |
| Securities                  |   |           | 76,689  |   |              |   | 76,689 |   |   |   | 79,559 |   |   |   | 79,559 |   |
| Loans, net                  |   |           | 233,428 |   |              |   | 239,503 |   |   |   | 240,387 |   |   |   | 246,502 |   |
| FHLB stock                  |   |           | 6,901   |   |              |   | 6,901 |   |   |   | 6,901 |   |   |   | 6,901 |   |
| Accrued interest receivable |   |           | 1,497   |   |              |   | 1,497 |   |   |   | 1,556 |   |   |   | 1,556 |   |
|                        |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:      |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                    |   |           | 204,478 |   |              |   | 205,810 |   |   |   | 193,581 |   |   |   | 194,814 |   |
| Borrowings                  |   |           | 96,539  |   |              |   | 99,766 |   |   |   | 112,511 |   |   |   | 115,437 |   |
| Accrued interest payable    |   |           | 779     |   |              |   | 779 |   |   |   | 836 |   |   |   | 836 |   |

----

----

| (Dollars in thousands)                                                                                                 |   | First FederalSavings Bank |     |   | ExchangeUnderwriters, Inc. |   |   | FedFirst Financial Corporation |   |   | Net Eliminations |   |   | Consolidated |    |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|--------|----------------------------|--------|--------|--------------------------------|--------|--------|------------------|--------|--------|--------------|---------|
| March 31, 2010                                                                                                         |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |
| Assets                                                                                                                 |   | $                         | 349,060  |   |                       | $      | 1,085  |                           |   | $      | 42,443           |   |   | $            | (43,229 | ) |   | $ | 349,359 |   |
| Liabilities                                                                                                            |   |                      | 311,224  |   |                       |   | 445    |                           |   |   | 20               |   |   |         | (5,550  | ) |   |   | 306,139 |   |
| Stockholders' equity                                                                                                   |   |                      | 37,836   |   |                       |   | 640    |                           |   |   | 42,423           |   |   |         | (37,679 | ) |   |   | 43,220 |   |
|                                                                                                                   |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| December 31, 2009                                                                                                      |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| Assets                                                                                                                 |   | $                         | 353,397  |   |                       | $      | 1,511  |                           |   | $      | 42,392           |   |   | $            | (44,007 | ) |   | $ | 353,293 |   |
| Liabilities                                                                                                            |   |                      | 316,280  |   |                       |   | 783    |                           |   |   | 28               |   |   |         | (6,241  | ) |   |   | 310,850 |   |
| Stockholders' equity                                                                                                   |   |                      | 37,117   |   |                       |   | 728    |                           |   |   | 42,364           |   |   |         | (37,766 | ) |   |   | 42,443 |   |
|                                                                                                                   |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| Three Months Ended March 31, 2010                                                                                      |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| Total interest income                                                                                                  |   | $                         | 4,361    |   |                       | $      | 3      |                           |   | $      | 28               |   |   | $            | (28     | ) |   | $ | 4,364 |   |
| Total interest expense                                                                                                 |   |                      | 1,892    |   |                       |   | -      |                           |   |   | -                |   |   |         | (28     | ) |   |   | 1,864 |   |
| Net interest income                                                                                                    |   |                      | 2,469    |   |                       |   | 3      |                           |   |   | 28               |   |   |         | -       |   |   |   | 2,500 |   |
| Provision for loan losses                                                                                              |   |                      | 200      |   |                       |   | -      |                           |   |   | -                |   |   |         | -       |   |   |   | 200 |   |
| Net interest income after provision for loan losses                                                                    |   |                      | 2,269    |   |                       |   | 3      |                           |   |   | 28               |   |   |         | -       |   |   |   | 2,300 |   |
| Noninterest income                                                                                                     |   |                      | 180      |   |                       |   | 746    |                           |   |   | -                |   |   |         | -       |   |   |   | 926 |   |
| Noninterest expense                                                                                                    |   |                      | 2,070    |   |                       |   | 459    |                           |   |   | 53               |   |   |         | -       |   |   |   | 2,582 |   |
| Undistributed net gain of subsidiary                                                                                   |   |                      | 167      |   |                       |   | -      |                           |   |   | 390              |   |   |         | (557    | ) |   |   | - |   |
| Income (loss) before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary |   |                      | 546      |   |                       |   | 290    |                           |   |   | 365              |   |   |         | (557    | ) |   |   | 644 |   |
| Income tax expense (benefit)                                                                                           |   |                      | 123      |   |                       |   | 123    |                           |   |   | (9               | )      |   |         | -       |   |   |   | 237 |   |
| Net income (loss) before noncontrolling interest in net income of consolidated subsidiary                              |   |                      | 423      |   |                       |   | 167    |                           |   |   | 374              |   |   |         | (557    | ) |   |   | 407 |   |
| Less: Noncontrolling interest in net income of consolidated subsidiary                                                 |   |                      |  33 |   |                       |   | -      |                           |   |   | -                |   |   |         | -       |   |   |   | 33 |   |
| Net income                                                                                                             |   | $                         | 390      |   |                       | $      | 167    |                           |   |   | 374              |   |   | $            | (557    | ) |   | $ | 374 |   |
|                                                                                                                   |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| Three Months Ended March 31, 2009                                                                                      |   |                      |     |   |                       |   |   |                           |   |   |             |   |   |         |    |   |   |   |   |   |
| Total interest income                                                                                                  |   | $                         | 4,564    |   |                       | $      | 6      |                           |   | $      | 30               |   |   | $            | (30     | ) |   | $ | 4,570 |   |
| Total interest expense                                                                                                 |   |                      | 2,380    |   |                       |   | -      |                           |   |   | -                |   |   |         | (30     | ) |   |   | 2,350 |   |
| Net interest income                                                                                                    |   |                      | 2,184    |   |                       |   | 6      |                           |   |   | 30               |   |   |         | -       |   |   |   | 2,220 |   |
| Provision for loan losses                                                                                              |   |                      | 160      |   |                       |   | -      |                           |   |   | -                |   |   |         | -       |   |   |   | 160 |   |
| Net interest income after provision for loan losses                                                                    |   |                      | 2,024    |   |                       |   | 6      |                           |   |   | 30               |   |   |         | -       |   |   |   | 2,060 |   |
| Noninterest income                                                                                                     |   |                      | 212      |   |                       |   | 701    |                           |   |   | -                |   |   |         | -       |   |   |   | 913 |   |
| Noninterest expense                                                                                                    |   |                      | 1,961    |   |                       |   | 382    |                           |   |   | 55               |   |   |         | -       |   |   |   | 2,398 |   |
| Undistributed net gain of subsidiary                                                                                   |   |                      | 188      |   |                       |   | -      |                           |   |   | 338              |   |   |         | (526    | ) |   |   | - |   |
| Income (loss) before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary |   |                      | 463      |   |                       |   | 325    |                           |   |   | 313              |   |   |         | (526    | ) |   |   | 575 |   |
| Income tax expense (benefit)                                                                                           |   |                      | 87       |   |                       |   | 137    |                           |   |   | (6               | )      |   |         | -       |   |   |   | 218 |   |
| Net income (loss) before noncontrolling interest in net income of consolidated subsidiary                              |   |                      | 376      |   |                       |   | 188    |                           |   |   | 319              |   |   |         | (526    | ) |   |   | 357 |   |
| Less: Noncontrolling interest in net income of consolidated subsidiary                                                 |   |                      | 38       |   |                       |   | -      |                           |   |   | -                |   |   |         | -       |   |   |   | 38 |   |
| Net income                                                                                                             |   | $                         | 338      |   |                       | $      | 188    |                           |   |   | 319              |   |   | $            | (526    | ) |   | $ | 319 |   |

----

----

----

----

Item

----

----

|                                         | Three Months Ended |
|----------------------------------------------|--------------------|
|                                         | March 31,          |
| (Dollars in thousands)                       | 2010               |   | 2009 |
| Net income of FedFirst Financial Corporation |               | $ | 374 |   |   | $ | 319 |   |
| Return on average assets                     |               |   | 0.43 | % |   |   | 0.37 | % |
| Return on average equity                     |               |   | 3.48 |   |   |   | 3.20 |   |
| Average equity to average assets             |               |   | 12.23 |   |   |   | 11.41 |   |

----

----

|                                                                   |   | Three Months Ended March 31, |    |
|------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                   |   | 2010                         |    |   | 2009 |   |
|                                                                   |   |                         |    |   | Interest |   |   |   |   |   |   |   |   | Interest |   |   |   |   |
|                                                                   |   | Average                      |    |   | and |   |   | Yield/ |   | Average |   |   | and |   |   | Yield/ |
| (Dollars in thousands)                                                 |   | Balance                      |    |   | Dividends |   |   | Cost |   | Balance |   |   | Dividends |   |   | Cost |
| Assets:                                                                |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                               |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans, net (1)(2)                                                      |   | $                            | 237,495 |   |   | $ | 3,413 |   |   |   | 5.75 | % |   | $ | 230,047 |   |   | $ | 3,355 |   |   |   | 5.83 | % |
| Securities (3)                                                         |   |                         | 77,527  |   |   |   | 948 |   |   |   | 4.89 |   |   |   | 86,657 |   |   |   | 1,209 |   |   |   | 5.58 |   |
| Other interest-earning assets                                          |   |                         | 8,467   |   |   |   | 3 |   |   |   | 0.14 |   |   |   | 6,491 |   |   |   | 6 |   |   |   | 0.37 |   |
| Total interest-earning assets                                          |   |                         | 323,489 |   |   | $ | 4,364 |   |   |   | 5.40 |   |   |   | 323,195 |   |   | $ | 4,570 |   |   |   | 5.66 |   |
| Noninterest-earning assets                                             |   |                         | 27,725  |   |   |   |   |   |   |   |   |   |   |   | 26,131 |   |   |   |   |   |   |   |   |   |
| Total assets                                                           |   | $                            | 351,214 |   |   |   |   |   |   |   |   |   |   | $ | 349,326 |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' equity:                                  |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liablities:                                           |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits                                       |   | $                            | 14,298  |   |   | $ | 11 |   |   |   | 0.31 | % |   | $ | 11,992 |   |   | $ | 14 |   |   |   | 0.47 | % |
| Savings accounts                                                       |   |                         | 21,911  |   |   |   | 27 |   |   |   | 0.49 |   |   |   | 22,658 |   |   |   | 41 |   |   |   | 0.72 |   |
| Money market accounts                                                  |   |                         | 55,238  |   |   |   | 187 |   |   |   | 1.35 |   |   |   | 45,221 |   |   |   | 301 |   |   |   | 2.66 |   |
| Certificates of deposit                                                |   |                         | 89,408  |   |   |   | 660 |   |   |   | 2.95 |   |   |   | 84,843 |   |   |   | 768 |   |   |   | 3.62 |   |
| Total interest-bearing deposits                                        |   |                         | 180,855 |   |   |   | 885 |   |   |   | 1.96 |   |   |   | 164,714 |   |   |   | 1,124 |   |   |   | 2.73 |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings                                                             |   |                         | 106,516 |   |   |   | 979 |   |   |   | 3.68 |   |   |   | 126,253 |   |   |   | 1,226 |   |   |   | 3.88 |   |
| Total interest-bearing liabilities                                     |   |                         | 287,371 |   |   |   | 1,864 |   |   |   | 2.59 |   |   |   | 290,967 |   |   |   | 2,350 |   |   |   | 3.23 |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing liabilities                                        |   |                         | 20,903  |   |   |   |   |   |   |   |   |   |   |   | 18,514 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                                      |   |                         | 308,274 |   |   |   |   |   |   |   |   |   |   |   | 309,481 |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders' equity:                                                  |   |                         | 42,940  |   |   |   |   |   |   |   |   |   |   |   | 39,845 |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' equity                             |   | $                            | 351,214 |   |   |   |   |   |   |   |   |   |   | $ | 349,326 |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                    |   |                         |    |   |   | $ | 2,500 |   |   |   |   |   |   |   |   |   |   | $ | 2,220 |   |   |   |   |   |
|                                                                   |   |                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate spread                                                   |   |                         |    |   |   |   |   |   |   |   | 2.81 | % |   |   |   |   |   |   |   |   |   |   | 2.43 | % |
| Net interest margin                                                    |   |                         |    |   |   |   |   |   |   |   | 3.09 |   |   |   |   |   |   |   |   |   |   |   | 2.75 |   |
| Average interest-earning assets to average interest-bearing liablities |   |                         |    |   |   |   |   |   |   |   | 112.57 | % |   |   |   |   |   |   |   |   |   |   | 111.08 | % |

|   | (1) Amount is net of deferred loan costs, loans in process and allowance for loan losses. |
|--------|-------------------------------------------------------------------------------------------|
|   | (2) Amount includes nonaccrual loans in average balances only. |
|--------|----------------------------------------------------------------|

|   | (3) Amount does not include effect of unrealized gain (loss) on securities available-for-sale. |
|--------|------------------------------------------------------------------------------------------------|

----

----

|                              |   | Three Months Ended March 31, 2010 |   |
|-----------------------------------|--------|-----------------------------------|--------|
|                              |   | Compared To                       |   |
|                              |   | Three Months Ended March 31, 2009 |   |
|                              |   | Increase (decrease) due to        |   |
| (Dollars in thousands)            |   | Volume                            |   |   | Rate |   |   | Total |   |
|                              |   |                              |   |   |   |   |   |   |   |
| Interest and dividend income:     |   |                              |   |   |   |   |   |   |   |
| Loans, net                        |   | $                                 | 104    |   |   | $ | (46 | ) |   | $ | 58 |   |
| Securities                        |   |                              | (121   | ) |   |   | (140 | ) |   |   | (261 | ) |
| Other interest-earning assets     |   |                              | 2      |   |   |   | (5 | ) |   |   | (3 | ) |
| Total interest-earning assets     |   |                              | (15    | ) |   |   | (191 | ) |   |   | (206 | ) |
|                              |   |                              |   |   |   |   |   |   |   |   |   |   |
| Interest expense:                 |   |                              |   |   |   |   |   |   |   |   |   |   |
| Deposits                          |   |                              | 102    |   |   |   | (341 | ) |   |   | (239 | ) |
| Borrowings                        |   |                              | (186   | ) |   |   | (61 | ) |   |   | (247 | ) |
| Total interest-bearing liablities |   |                              | (84    | ) |   |   | (402 | ) |   |   | (486 | ) |
| Change in net interest income     |   | $                                 | 69     |   |   | $ | 211 |   |   | $ | 280 |   |

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|                               |   | Three Months Ended |   |
|------------------------------------|--------|--------------------|--------|
|                               |   | March 31,          |   |
| (Dollars in thousands)             |   | 2010               |   |   | 2009 |   |
| Compensation and employee benefits |   | $                  | 1,457  |   |   | $ | 1,449 |   |
| Occupancy                          |   |               | 378    |   |   |   | 354 |   |
| FDIC insurance premiums            |   |               | 100    |   |   |   | 9 |   |
| Data processing                    |   |               | 117    |   |   |   | 107 |   |
| Professional services              |   |               | 168    |   |   |   | 131 |   |
| Advertising                        |   |               | 37     |   |   |   | 44 |   |
| Stationary, printing and supplies  |   |               | 35     |   |   |   | 35 |   |
| Telephone                          |   |               | 12     |   |   |   | 15 |   |
| Postage                            |   |               | 45     |   |   |   | 36 |   |
| Correspondent bank fees            |   |               | 40     |   |   |   | 42 |   |
| Real estate owned expense          |   |               | 3      |   |   |   | - |   |
| Amortization of intangibles        |   |               | 29     |   |   |   | - |   |
| All other                          |   |               | 161    |   |   |   | 176 |   |
| Total noninterest expense          |   | $                  | 2,582  |   |   | $ | 2,398 |   |

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|                                       |   | March 31, |   |
|--------------------------------------------|--------|-----------|--------|
| (Dollars in thousands)                     |   | 2010      |   |
| Loans in process                           |   | $         | 2,894  |   |
| Unused revolving lines of credit           |   |      | 3,299  |   |
| Unused commercial business lines of credit |   |      | 4,019  |   |
| One-to-four family residential commitments |   |      | 650    |   |
| Consumer commitments                       |   |      | 16     |   |
| Total commitments outstanding              |   | $         | 10,878 |   |

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|   | 3.1 | Amended and Restated Charter of FedFirst Financial Corporation (incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form SB-2, and amendments thereto, initially filed on December 17, 2004, Registration No. 333-121405) |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Amended and Restated Bylaws of FedFirst Financial Corporation (incorporated herein by reference to Exhibit 3.2 to the Form 10-K for the fiscal year ended December 31, 2008 filed on March 16, 2009) |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.0 | Specimen Stock Certificate of FedFirst Financial Corporation (incorporated herein by reference to Exhibit 4.0 to the Registration Statement on Form SB-2, and amendments thereto, initially filed on December 17, 2004, Registration No. 333-121405) |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1 | Amendment to Employment Agreement between Robert C. Barry, Jr., First Federal Savings Bank and FedFirst Financial Corporation |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2 | Amendment to Employment Agreement between Patrick G. O’Brien, First Federal Savings Bank and FedFirst Financial Corporation |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | 10.3 | Amendment to Employment Agreement between Richard B. Boyer and Exchange Underwriters, Inc. |
|--------|------|--------------------------------------------------------------------------------------------|

|   | 31.1 | Rule 13a-14 (a) / 15d-14 (a) Certification (President and Chief Executive Officer) |
|--------|------|------------------------------------------------------------------------------------|

|   | 31.2 | Rule 13a-14 (a) / 15d-14 (a) Certification (Chief Financial Officer) |
|--------|------|----------------------------------------------------------------------|

|   | 32.1 | Certification of Patrick G. O’Brien pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of Robert C. Barry Jr. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------|

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SIGNATURES

|              |         |   | FEDFIRST FINANCIAL CORPORATION                             |   |
|-------------------|--------------|--------|------------------------------------------------------------|--------|
|              |         |   | (Registrant)                                               |   |
|              |         |   |                                                       |   |
| Date:   | May 17, 2010 |   | /s/ Patrick G. O’Brien                               |   |
|              |         |   | Patrick G. O’Brien                                   |   |
|              |         |   | President and Chief Executive Officer                      |   |
|              |         |   |                                                       |   |
| Date:             | May 17, 2010 |   | /s/ Robert C. Barry Jr.                                    |   |
|              |         |   | Robert C. Barry Jr.                                        |   |
|              |         |   | Chief Financial Officer and Executive Vice President       |   |
|              |         |   | (Principal Financial Officer and Chief Accounting Officer) |   |