FFD Financial (FFDF) 8-K Results of Operations and Financial Condition

EXHIBIT 99

January 25, 2006

FOR IMMEDIATE RELEASE:

CONTACT:

Trent Troyer, President

FFD Financial Corporation

321 North Wooster Avenue

Dover, Ohio 44622-0038

(330) 364-7777

FFD Financial Corporation Reports Net Earnings For The Three- and

Six-Month Periods Ended December 31, 2005

DOVER, OHIO - FFD Financial Corporation, parent company of First Federal Community Bank of Dover, Ohio, reported net earnings for the three months ended December 31, 2005, of $292,000, or diluted earnings per share of $.24, compared to the $170,000, or $.15 per diluted share, of net earnings reported for the comparable three-month period in 2004. The $122,000, or 71.8%, increase in net earnings resulted from an increase of $339,000, or 31.1%, in net interest income, which was partially offset by increases of $105,000, or 10.7%, in general, administrative and other expenses, $63,000, or 71.6%, in the provision for federal income tax, $41,000 in the provision for losses on loans and a $8,000, or 5.2%, decrease in other income.

Net earnings reported for the six months ended December 31, 2005, were $600,000, or diluted earnings per share of $.50, compared to the $374,000, or $.32 per diluted share, of net earnings reported for the comparable six-month period in 2004. The $226,000, or 60.4%, increase in net earnings resulted from increases of $636,000, or 30.0%, in net interest income and $19,000, or 6.0%, in other income which were partially offset by increases of $241,000, or 12.9%, in general, administrative and other expenses, $117,000, or 60.6%, in the provision for federal income tax and $71,000 in the provision for losses on loans.

The increase in net interest income was due to an increase in average loans outstanding and an increase in the lending rates during the period which were partially offset by a gradual increase in the cost of new and re-pricing deposits during the period. The increase in general, administrative and other expense was due primarily to increases in other operating expenses, occupancy and equipment expenses and data processing expenses. These expenses increased due to our investment in opening offices in Coshocton and Sugarcreek, which we expect to aid in continuing our asset and profit growth. Other operating expenses increased as a result of the going private transaction which was terminated on September 15, 2005, advertising expense and other pro-rata increases.

“We have been very pleased with our growth in earnings this quarter and the first six months of this fiscal year when comparing them against the same periods a year ago” stated Trent B. Troyer, President & CEO. “Our near 14% growth in assets since December 31, 2004, combined with rising rates and an asset sensitive balance sheet increased our net interest margin, as we expected. We will continue to focus on gathering lower cost deposits and improving our net interest margin in the coming period. The investments that we have made in our banking franchise have positioned us for progress on all aspects of our strategic plan.”

FFD Financial Corporation reported total assets of $157.7 million at December 31, 2005, an increase of 6.2% over the June 30, 2005 balance of $148.6 million. Cash and cash equivalents increased by 83.3% from the June 30, 2005 balance of $7.8 million to $14.3 million at December 31, 2005. Loans receivable increased by 2.3% from the June 30, 2005 balance of $131.5 million to $134.5 million at December 31, 2005. Total liabilities of FFD Financial Corporation increased by 6.6% from the June 30, 2005 balance of $131.2 million to $139.8 million at December 31, 2005, and included deposits of $122.1 million, representing an increase of 9.5% over the June 30, 2005 balance of $111.5 million. Shareholders’ equity amounted to $17.9 million at December 31, 2005.

FFD Financial Corporation is traded on the NASDAQ Capital Market under the symbol FFDF. First Federal Community Bank has full service offices in downtown Dover, downtown New Philadelphia and on the Boulevard in Dover, and has loan production offices, now accepting limited deposits, in Coshocton and Sugarcreek. The Corporation maintains an interactive web site at www.onlinefirstfed.com.

FFD Financial Corporation

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(In thousands)

	December 31,		June 30,
ASSETS	2005		2005
	(unaudited)
Cash and cash equivalents	$	14,270	$	7,785
Investment securities		3,433		3,485
Mortgage-backed securities		668		720
Loans receivable		134,492		131,493
Other assets		4,850		5,112
Total assets	$	157,713	$	148,595
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	$	122,140	$	111,495
Borrowings		15,691		17,880
Other liabilities		1,955		1,782
Total liabilities		139,786		131,157
Shareholders’ equity		17,927		17,438
Total liabilities and shareholders’ equity	$	157,713	$	148,595

FFD Financial Corporation

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except share data)

	Six months ended				Three months ended
	December 31,				December 31,
	2005		2004		2005		2004
Total interest income	$	4,503	$	3,301	$	2,340	$	1,689
Total interest expense		1,746		1,180		912		600
Net interest income		2,757		2,121		1,428		1,089
Provision for losses on loans		75		4		45		4
Net interest income after provision
for losses on loans		2,682		2,117		1,383		1,085
Other income		337		318		146		154
General, administrative and other expense		2,109		1,868		1,086		981
Earnings before income taxes		910		567		443		258
Federal income taxes		310		193		151		88
NET EARNINGS	$	600	$	374	$	292	$	170
EARNINGS PER SHARE
Basic	$	.51	$	.33	$	.25	$	.15
Diluted	$	.50	$	.32	$	.24	$	.15