WABASH, IN -- (MARKET WIRE) -- April 25, 2007 -- FFW Corporation (OTCBB: FFWC) (04/24/2007 Close: $25.20), parent corporation of First Federal Savings Bank of Wabash, Indiana, announced operating results for the third fiscal quarter of 2007 and nine months ended March 31, 2007. Net income for the nine months ended March 31, 2007, was $2,244,000 compared to $1,953,000 for the nine months ended March 31, 2006. Diluted net income per share for the nine months ended March 31, 2007 amounted to $1.81 compared to $1.53 at March 31, 2006. Net income and diluted net income per share for the quarter ended March 31, 2007, were $618,000 and $0.50 compared to $705,000 and $0.55 for the quarter ended March 31, 2006.

The fiscal 2007 third quarter and year to date earnings represent a return on average shareholders' equity of 9.86% and 11.97% compared to 11.81% and 10.91% for the periods ended March 31, 2006. Return on average total assets for the three and nine-month periods ended March 31, 2007 were 0.87% and 1.05% compared to 1.07% and 0.99% for the periods ended March 31, 2006.

President and CEO, Roger Cromer, commented, "We are proud of the Company's operating performance during the first nine months of our fiscal year. We continue to provide solid performance in loan and deposit growth as both are up over 8% year to date. While operating in a difficult interest rate environment, which shows no sign of changing, we will continue to manage our cost of funds and provide stringent cost control."

The allowance for loan losses as a percentage of net loans receivable was 1.44% at March 31, 2007 and 1.59% at June 30, 2006. Nonperforming assets at March 31, 2007 were $3.6 million compared to $2.5 million at June 30, 2006.

As of March 31, 2007, FFWC's equity-to-assets ratio was 8.72% compared to 8.50% at June 30, 2006. Shareholders' equity was $25.4 million compared to $23.9 million at June 30, 2006. Total assets at March 31, 2007 were $290.8 million compared to $280.9 million at June 30, 2006. Loans receivable increased $15.4 million during the first nine months of fiscal 2007. Total deposits at March 31, 2007 increased by $16.6 million from June 30, 2006 while total FHLB borrowings decreased by $8.8 million.

First Federal Savings Bank is a wholly owned subsidiary of FFW Corporation providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and four banking centers located in Columbia City, North Manchester, South Whitley, and Syracuse, IN. The Bank provides leasing services at its banking centers and its Carmel, IN leasing and commercial loan office. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The corporation's stock is traded on the OTC Bulletin Board under the symbol "FFWC.OB." Our website address is www.ffsbwabash.com.

                              FFW Corporation
                      Selected Financial Information

Consolidated Balance Sheets
ASSETS :                                           3/31/2007     6/30/2006
                                                   Unaudited
Cash and due from financial institutions           5,825,518     5,328,257
Interest-earning deposits in other financial
 institutions - short term                         3,474,703     1,192,238
                                                 -----------   -----------
Cash and cash equivalents                          9,300,221     6,520,495
Securities available for sale                     60,739,513    68,920,497
Loans receivable, net of allowance for loan
 losses of $2,947,236 at March 31, 2007 and
 $2,959,513 at June 30, 2006                     201,460,915   186,044,335
Loans held for sale                                  113,000        80,000
Federal Home Loan Bank stock, at cost              3,627,100     3,774,100
Accrued interest receivable                        1,693,491     1,745,460
Premises and equipment, net                        4,229,107     4,364,694
Mortgage servicing rights                            555,334       601,690
Cash surrender value of life insurance             5,522,362     5,355,756
Goodwill                                           1,213,898     1,213,898
Other assets                                       2,372,167     2,277,195
                                                 -----------   -----------
Total Assets                                     290,827,108   280,898,120
                                                 ===========   ===========

LIABILITIES AND SHAREHOLDERS' EQUITY:
Liabilities:
Noninterest-bearing deposits                      14,688,522    15,151,594
Interest-bearing deposits                        197,415,727   180,398,726
                                                 -----------   -----------
Total Deposits                                   212,104,249   195,550,320
Federal Home Loan Bank advances                   50,149,623    58,910,506
Accrued expenses and other liabilities             3,217,710     2,561,655
                                                 -----------   -----------
Total Liabilities                                265,471,582   257,022,481

Shareholders' Equity:
Preferred stock, $.01 par; 500,000 shares
 authorized, none issued                                 ---           ---
Common stock, $.01 par; 2,000,000 shares
 authorized; issued: 1,836,328, outstanding:
 1,216,089 - March 31, 2007; issued: 1,836,328,
 outstanding: 1,232,081 - June 30, 2006;              18,363        18,363
Additional paid-in capital                         9,549,584     9,575,923
Retained earnings                                 23,937,370    22,339,708
Accumulated other comprehensive income (loss)        209,012      (222,006)
Unearned management retention plan shares            (94,624)      (85,971)
Treasury stock at cost, shares: 620,239 - March
 31, 2007 and 604,247 - June 30, 2006             (8,264,179)   (7,750,378)
                                                 -----------   -----------
     Total Shareholders' Equity                   25,355,526    23,875,639
                                                 -----------   -----------

Total Liabilities and Shareholders' Equity       290,827,108   280,898,120
                                                 ===========   ===========


Consolidated Statements of Income

                              Unaudited                 Unaudited
                          3 months ended March      9 months ended March
                            2007         2006         2007         2006
Interest and dividend
 income :
Loans, including fees   $ 3,642,910  $  3,055,940 $ 10,694,655 $  8,593,750
Taxable securities          650,527       614,152    1,987,946    1,774,181
Nontaxable securities       170,413       186,037      550,339      572,228
Other interest-earning
 assets                      30,968        52,539       98,893      127,502
Total interest income     4,494,818     3,908,668   13,331,833   11,067,661

Interest expense :
Deposits                  1,875,260     1,198,312    5,369,858    3,448,616
Other                       655,490       716,845    2,088,223    2,054,815
Total interest expenses   2,530,750     1,915,157    7,458,081    5,503,431

Net interest income       1,964,068     1,993,511    5,873,752    5,564,230

Provision for loan
 losses                     120,000       131,000      360,000      371,000

Net interest income
 after provision for
 loan losses              1,844,068     1,862,511    5,513,752    5,193,230

Non-interest income
 (loss) :
Net gain on sale of
 securities                 (15,554)            0      366,706       60,599
Net gain on sale of
 loans                       36,335        24,598       99,269       96,964
Commission income           147,243       178,546      395,667      379,007
Service charges and
 fees                       329,143       358,959      923,448    1,098,120
Earnings on life
 insurance                   64,009        60,641      190,180      181,222
Other                        33,514        77,069       70,060      103,477
Total non-interest
 income                     594,690       699,813    2,045,330    1,919,389

Non-interest expense :
Compensation and
 benefits                   823,303       878,445    2,428,437    2,354,003
Occupancy and equipment     215,399       208,340      634,712      592,538
Deposit insurance
 premium                      6,084         6,083       17,814       17,773
Regulatory assessment        21,165        19,724       61,081       57,737
Correspondent bank
 charges                     27,199        30,499       84,882      115,499
Data processing expense     160,754       150,205      472,158      417,938
Printing, postage and
 supplies                    47,191        57,142      155,134      161,460
Other                       360,726       364,783    1,062,496    1,048,698
Total non-interest
 expense                  1,661,821     1,715,221    4,916,714    4,765,646

Income before income
 taxes                      776,937       847,103    2,642,368    2,346,973

Income tax expense          158,915       142,060      398,351      393,686

Net income              $   618,022  $    705,043 $  2,244,017 $  1,953,287




                                Unaudited                 Unaudited
                           Three Months Ended         Nine Months Ended
                         3/31/2007    3/31/2006    3/31/2007    3/31/2006
                        -----------  -----------  -----------  -----------
Earnings per common
 share
Primary                 $      0.51  $      0.57  $      1.84  $      1.56
Fully diluted           $      0.50  $      0.55  $      1.81  $      1.53
Dividend paid per share $      0.19  $      0.18  $      0.57  $      0.54
Average shares
 outstanding              1,210,681    1,255,707    1,218,117    1,255,593
Shares outstanding end
 of period                1,216,089    1,254,381            -            -

Supplemental data:
Net interest margin **         2.95%        3.22%        2.93%        3.02%
Return on average
 assets ***                    0.87%        1.07%        1.05%        0.99%
Return on average
 equity ***                    9.86%       11.81%       11.97%       10.91%

                                                    3/31/2007    6/30/2006
                                                  -----------  -----------
Nonperforming assets *                              3,565,928    2,500,154
Repossessed assets                                  1,030,027      584,947

*  Includes non-accruing loans, accruing loans delinquent more than 90 days
   and foreclosed assets
** Yields reflected have not been computed on a tax equivalent basis
*** Annualized

Contact Information: FOR MORE INFORMATION Contact: Tim Sheppard CFO 260-563-3185 x228