10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

TQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2012

OR

£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: 0-54124

FEDFIRST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

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

565 Donner Avenue, Monessen, Pennsylvania	15062
(Address of principal executive offices)	(Zip Code)

(724) 684-6800

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes T     No £

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes T    No £

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

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

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes £     No T

As of November 8, 2012, the issuer had 2,855,600 shares of common stock outstanding.

FORM 10-Q

INDEX

	Page
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements	1
Consolidated Statements Of Financial Condition at September 30, 2012 (Unaudited) and December 31, 2011	1
Consolidated Statements Of Operations for the Three and Nine Months Ended September 30, 2012 and 2011 (Unaudited)	2
Consolidated Statements Of Comprehensive Income for the Three and Nine Months Ended September 30, 2012 and 2011 (Unaudited)	3
Consolidated Statements Of Changes In Stockholders’ Equity for the Nine Months Ended September 30, 2012 and 2011 (Unaudited)	4
Consolidated Statements Of Cash Flows for the Nine Months Ended September 30, 2012 and 2011 (Unaudited)	5
Notes to the Unaudited Consolidated Financial Statements	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3. Quantitative and Qualitative Disclosures About Market Risk	41
Item 4. Controls and Procedures	41
PART II – OTHER INFORMATION
Item 1. Legal Proceedings	41
Item 1A. Risk Factors	41
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	42
Item 3. Defaults Upon Senior Securities	42
Item 4. Mine Safety Disclosures	42
Item 5. Other Information	42
Item 6. Exhibits	42
SIGNATURES

PART I — FINANCIAL INFORMATION

Item 1.  Financial Statements.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION AT
SEPTEMBER 30, 2012 (UNAUDITED) AND DECEMBER 31, 2011

	September 30,		December 31,
(Dollars in thousands, except share data)	2012		2011
Assets:
Cash and cash equivalents:
Cash and due from banks	$     1,788		$     1,491
Interest-earning deposits	8,729		13,080
Total cash and cash equivalents	10,517		14,571
Securities available-for-sale	48,582		52,448
Loans, net	241,582		245,277
Federal Home Loan Bank (“FHLB”) stock, at cost	4,358		5,340
Accrued interest receivable - loans	878		1,008
Accrued interest receivable - securities	232		236
Premises and equipment, net	1,968		2,164
Bank-owned life insurance	8,255		8,267
Goodwill	1,080		1,080
Real estate owned	196		544
Deferred tax assets	3,030		3,096
Other assets	947		1,243
Total assets	$ 321,625		$ 335,274
Liabilities and Stockholders’ Equity:
Deposits:
Noninterest-bearing	$   23,972		$   20,536
Interest-bearing	196,059		201,004
Total deposits	220,031		221,540
Borrowings	37,833		49,289
Advance payments by borrowers for taxes and insurance	265		514
Accrued interest payable - deposits	132		228
Accrued interest payable - borrowings	159		202
Other liabilities	4,341		4,700
Total liabilities	262,761		276,473
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; 2,864,100 and 2,957,302 shares issued and outstanding	29		30
Additional paid-in-capital	40,131		41,630
Retained earnings - substantially restricted	20,037		18,650
Accumulated other comprehensive loss, net of deferred tax benefit of $(86) and $(107)	(134	)	(167	)
Unearned Employee Stock Ownership Plan (“ESOP”)	(1,253	)	(1,382	)
Total FedFirst Financial Corporation stockholders’ equity	58,810		58,761
Noncontrolling interest in subsidiary	54		40
Total stockholders’ equity	58,864		58,801
Total liabilities and stockholders’ equity	$ 321,625		$ 335,274

See Notes to the Unaudited Consolidated Financial Statements.

1

CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE
AND NINE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 (UNAUDITED)

	Three Months			Nine Months
	Ended September 30,			Ended September 30,
(Dollars in thousands, except per share data)	2012	2011		2012	2011
Interest income:
Loans	$       3,092	$       3,298		$       9,292	$       9,788
Securities - taxable	361	603		1,182	1,953
Securities - tax exempt	38	-		111	-
Other interest-earning assets	9	3		24	8
Total interest income	3,500	3,904		10,609	11,749
Interest expense:
Deposits	457	695		1,592	2,129
Borrowings	394	504		1,279	1,670
Total interest expense	851	1,199		2,871	3,799
Net interest income	2,649	2,705		7,738	7,950
Provision for loan losses	100	325		310	775
Net interest income after provision for loan losses	2,549	2,380		7,428	7,175
Noninterest income:
Fees and service charges	159	175		476	433
Insurance commissions	562	482		1,747	1,665
Income from bank-owned life insurance	97	66		227	201
Net loss on sales of available-for-sale securities	-	-		-	(1	)
Other	12	4		93	33
Total noninterest income	830	727		2,543	2,331
Noninterest expense:
Compensation and employee benefits	1,405	1,559		4,199	4,763
Occupancy	291	370		908	1,105
FDIC insurance premiums	50	52		162	209
Data processing	142	140		412	392
Professional services	137	194		536	597
Other	354	374		1,083	1,181
Total noninterest expense	2,379	2,689		7,300	8,247
Income before income tax expense and noncontrolling interest in net income of consolidated subsidiary	1,000	418		2,671	1,259
Income tax expense	346	133		946	432
Net income before noncontrolling interest in net income of consolidated subsidiary	654	285		1,725	827
Noncontrolling interest in net income (loss) of consolidated subsidiary	5	(5	)	26	23
Net income of FedFirst Financial Corporation	$         649	$         290		$    1,699	$         804
Earnings per share:
Basic and diluted	$        0.23	$        0.10		$        0.60	$        0.28
Weighted-average shares outstanding:
Basic	2,867,983	2,912,853		2,836,388	2,909,045
Diluted	2,871,313	2,922,052		2,839,577	2,918,012

See Notes to the Unaudited Consolidated Financial Statements.

2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 (UNAUDITED)

	Three Months			Nine Months
	Ended September 30,			Ended September 30,
(Dollars in thousands)	2012	2011		2012	2011
Net income before noncontrolling interest in net income of consolidated subsidiary	$        654	$        285		$1,725	$        827
Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale, net of income tax expense (benefit)	136	(374	)	33	489
Reclassification adjustment on sales of securities available-for-sale, net of income tax benefit	-	-		-	(35	)
Other comprehensive income (loss), net of income tax expense (benefit)	136	(374	)	33	454
Comprehensive income (loss)	790	(89	)	1,758	1,281
Less: Comprehensive income (loss) attributable to the noncontrolling interest in subsidiary	5	(5	)	26	23
Comprehensive income (loss) attributable to FedFirst Financial Corporation	$        785	$        (84	)	$1,732	$1,258

See Notes to the Unaudited Consolidated Financial Statements.

3

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 (UNAUDITED)

									Accumulated
			Additional						Other						Noncontrolling			Total
	Common		Paid-in-			Retained			Comprehensive			Unearned			Interest in			Stockholders’
(Dollars in thousands, except per share data)	Stock		Capital			Earnings			Gain (Loss)			ESOP			Subsidiary			Equity
Balance at January 1, 2011	$	30	$	42,016		$	18,140		$	(128	)	$	(1,555	)	$	84		$	58,587
Comprehensive income:
Net income	-		-			804			-			-			23			827
Other comprehensive income, net of tax of $293	-		-			-			454			-			-			454
Purchase and retirement of common stock (1,659 shares)	-		(23		)	-			-			-			-			(23		)
ESOP shares committed to be released	-		(42		)	-			-			129			-			87
Stock-based compensation expense	-		187			-			-			-			-			187
Stock awards granted	-		(79		)	-			-			-			-			(79		)
Distribution to noncontrolling shareholder	-		-			-			-			-			(56		)	(56		)
Dividends paid ($0.09 per share)	-		-			(262		)	-			-			-			(262		)
Balance at September 30, 2011	$	30	$	42,059		$	18,682		$	326		$	(1,426	)	$	51		$	59,722

										Accumulated
				Additional						Other						Noncontrolling			Total
	Common			Paid-in-			Retained			Comprehensive			Unearned			Interest in			Stockholders’
(Dollars in thousands, except per share data)	Stock			Capital			Earnings			Loss (Gain)			ESOP			Subsidiary			Equity
Balance at January 1, 2012	$	30		$	41,630		$	18,650		$	(167	)	$	(1,382	)	$	40		$	58,801
Comprehensive income (loss):
Net income	-			-			1,699			-			-			26			1,725
Other comprehensive income, net of tax of $21	-			-			-			33			-			-			33
Purchase and retirement of common stock (109,442 shares)	(1		)	(1,565		)	-			-			-			-			(1,566		)
ESOP shares committed to be released	-			(42		)	-			-			129			-			87
Stock-based compensation expense	-			108			-			-			-			-			108
Distribution to noncontrolling shareholder	-			-			-			-			-			(12		)	(12		)
Dividends paid ($0.11 per share)	-			-			(312		)	-			-			-			(312		)
Balance at September 30, 2012	$	29		$	40,131		$	20,037		$	(134	)	$	(1,253	)	$	54		$	58,864

See Notes to the Unaudited Consolidated Financial Statements.

4

CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE
MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 (UNAUDITED)

	Nine Months
	Ended September 30,
(Dollars in thousands)	2012			2011
Cash flows from operating activities:
Net income of FedFirst Financial Corporation	$	1,699		$	804
Adjustments to reconcile net income to net cash provided by operating activities:
Noncontrolling interest in net income of consolidated subsidiary	26			23
Provision for loan losses	310			775
Depreciation	290			420
Amortization of intangibles	82			82
Net loss on sales of available-for-sale securities	-			1
Net amortization of security premiums and loan costs	475			293
Noncash expense for ESOP	87			87
Noncash expense for stock-based compensation	108			187
Increase in bank-owned life insurance	(194		)	(201		)
Decrease in other assets	407			1,179
(Decrease) increase in other liabilities	(498		)	100
Net cash provided by operating activities	2,792			3,750
Cash flows from investing activities:
Net loan repayments (originations)	3,219			(16,838		)
Proceeds from maturities of and principal repayments of securities available-for-sale	14,519			17,733
Proceeds from sales of securities available-for-sale	-			2,006
Purchases of securities available-for-sale	(10,940		)	-
Purchases of premises and equipment	(94		)	(385		)
Decrease in FHLB stock, at cost	982			935
Proceeds from sales of real estate owned	366			280
Cash surrender value of bank owned life insurance policy surrendered	239			-
Income for cash surrender value of bank owned life insurance policy surrendered	(33		)	-
Net cash provided by investing activities	8,258			3,731
Cash flows from financing activities:
Net decrease in short-term borrowings	-			(4,200		)
Repayments of long-term borrowings	(11,456		)	(22,061		)
Net (decrease) increase in deposits	(1,509		)	19,749
Decrease in advance payments by borrowers for taxes and insurance	(249		)	(258		)
Purchase and retirement of common stock	(1,566		)	(23		)
Dividends paid	(312		)	(262		)
Distribution to noncontrolling shareholder	(12		)	(56		)
Net cash used in financing activities	(15,104		)	(7,111		)
Net (decrease) increase in cash and cash equivalents	(4,054		)	370
Cash and cash equivalents, beginning of period	14,571			9,320
Cash and cash equivalents, end of period	$	10,517		$	9,690
Supplemental cash flow information:
Cash paid for:
Interest on deposits and borrowings (including interest credited to deposit accounts of $1,688 and $2,204 respectively)	$	3,010		$	3,972
Income tax expense	846			66
Real estate acquired in settlement of loans	32			364
Securities purchased not settled	-			4,790

See Notes to the Unaudited Consolidated Financial Statements.

5

Notes to the Unaudited Consolidated Financial Statements

Note 1.  Basis of Presentation/Nature of Operations

The accompanying unaudited Consolidated Financial Statements include the accounts of FedFirst Financial Corporation (“FedFirst Financial” or the “Company”), a stock holding company established in 2010, whose wholly owned subsidiary is First Federal Savings Bank (“First Federal” or the “Bank”), a federally chartered stock savings bank, which owns FedFirst Exchange Corporation (“FFEC”). FFEC has an 80% controlling interest in Exchange Underwriters, Inc. (“Exchange Underwriters”). Exchange Underwriters is a full-service, independent insurance agency that offers property and casualty, commercial liability, surety and other insurance products. All significant intercompany transactions have been eliminated.

First Federal operates as a community-oriented financial institution offering residential, multi-family and commercial mortgages, consumer loans and commercial business loans as well as a variety of deposit products for individuals and businesses from seven locations in southwestern Pennsylvania. On October 26, 2012, the Company consolidated its Donora office due to its close proximity to other branch locations. First Federal conducts insurance brokerage activities through Exchange Underwriters. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.

The unaudited consolidated financial statements were prepared in accordance with instructions to Form 10-Q and, therefore, do not include information or notes necessary for a complete presentation of financial position, results of operations, changes in stockholders’ equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). However, all normal recurring adjustments that, in the opinion of management, are necessary to make the consolidated financial statements not misleading have been included. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. The results of operations for the nine months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the full year or any other interim period.

The Company evaluated subsequent events through the date the consolidated financial statements were filed with the Securities and Exchange Commission and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification (“ASC”) Topic 855, Subsequent Events, to be recognizable events.

In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill impairment, and the valuation of deferred tax assets.

See Notes to the Unaudited Consolidated Financial Statements.

6

Note 2.  Recent Accounting Pronouncements

ASU 2011-04 Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.  The ASU is the result of joint efforts by the FASB and International Accounting Standards Board (“IASB”) to develop a single, converged fair value framework on how (not when) to measure fair value and on what disclosures to provide about fair value measurements. While the ASU is largely consistent with existing fair value measurement principles in U.S. GAAP, it expands existing disclosure requirements for fair value measurements and makes other amendments to ASC 820, Fair Value Measurement. Many of these amendments were made to eliminate unnecessary wording differences between U.S. GAAP and IFRSs. However, some could change how the fair value measurement guidance in ASC 820 is applied. The ASU is effective for interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company’s financial condition and results of operation.

ASU 2011-05 Presentation of Comprehensive Income. In September 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income, which revises the manner in which entities present comprehensive income in their financial statements. The new guidance eliminates the option to present components of other comprehensive income as part of the Statements of Changes to Stockholders’ Equity and requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. Under the two-statement approach, the first statement would include components of net income, which is consistent with the income statement format used today, and the second statement would include components of other comprehensive income (“OCI”). The ASU does not change the items that must be reported in OCI. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Guidance must be applied retrospectively for all periods presented in the financial statements. The adoption of this ASU did not have a material impact on the Company’s financial condition and results of operation.

ASU 2011-08 Testing for Goodwill for Impairment. In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment, which amends the guidance on testing goodwill impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit (i.e. step 1 of the goodwill impairment test). If entities determine, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. The ASU does not change how goodwill is calculated or assigned to reporting units, nor does it revise the requirement to test goodwill annually for impairment. In addition, the ASU does not amend the requirement to test goodwill for impairment between annual tests if events or circumstances warrant; however, it does revise the examples of events and circumstances that an entity should consider. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU will not have a material impact on the Company’s financial condition and results of operation.

ASU 2011-12 Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update 2011-05. In December 2011, the FASB issued ASU 2011-12, Deferral of the Effective Date to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update 2011-05. In response to concerns regarding the operational ramifications of the presentation requirements for reclassification of items out of accumulated other comprehensive income for current and previous years, the FASB has deferred the implementation date of this provision in ASU 2011-05, Presentation of Comprehensive Income, to allow time for further consideration. The requirement in ASU 2011-05 for the presentation of a combined statement of comprehensive income or separate, but consecutive, statements of net income and other comprehensive income is still effective for fiscal years and interim periods beginning after December 15, 2011 for public companies. The adoption of this ASU did not have a material impact on the Company’s financial condition and results of operation.

See Notes to the Unaudited Consolidated Financial Statements.

7

ASU 2012-04 Technical Corrections and Improvements. In October 2012, the FASB issued ASU 2012-04, Technical Corrections and Improvements, which makes certain minor technical corrections to the FASB ASC and includes conforming amendments that are nonsubstantive in nature and identify when the use of fair value should be linked to the definition of fair value in ASC Topic 820, Fair Value Measurement. The amendments affect various ASC topics and include source literature amendments, guidance clarification and reference corrections, and relocated guidance. The amendments that will not have transition guidance were effective upon issuance and the amendments that are subject to the transition guidance will be effective for fiscal period beginning after December 15, 2012. The adoption of the effective portions of this ASU did not have a material impact on the Company’s financial condition and results of operation.

Note 3.  Securities

The following table sets forth the amortized cost and fair value of securities available-for-sale at the dates indicated (dollars in thousands).

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
September 30, 2012	Cost		Gains		Losses		Value
Municipal bonds	$	8,773	$	465	$	12	$	9,226
Mortgage-backed	13,944		897		-		14,841
REMICs	22,086		504		4		22,586
Corporate debt	3,995		-		2,070		1,925
Equities	4		-		-		4
Total securities available-for-sale	$	48,802	$	1,866	$	2,086	$	48,582
December 31, 2011
Government-Sponsored Enterprises	$	2,000	$	3	$	-	$	2,003
Municipal bonds	6,738		391		4		7,125
Mortgage-backed	16,572		972		-		17,544
REMICs	23,413		916		11		24,318
Corporate debt	3,995		-		2,541		1,454
Equities	4		-		-		4
Total securities available-for-sale	$	52,722	$	2,282	$	2,556	$	52,448

The amortized cost and fair value of securities at September 30, 2012 by contractual maturity were as follows. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	700	$	715
Due from one to five years	2,023		2,362
Due from five to ten years	8,487		8,762
Due after ten years	37,588		36,739
No scheduled maturity	4		4
Total	$	48,802	$	48,582

See Notes to the Unaudited Consolidated Financial Statements.

8

The following table presents gross unrealized losses and fair value of securities aggregated by category and length of time that individual securities have been in a continuous loss position at the dates indicated (dollars in thousands)

	Less than 12 months					12 months or more					Total
				Gross					Gross					Gross
	Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized
September 30, 2012	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Municipal bonds	1	$	1,153	$	12	-	$	-	$	-	1	$	1,153	$	12
REMICs	1	1,488		4		-	-		-		1	1,488		4
Corporate debt	-	-		-		3	1,925		2,070		3	1,925		2,070
Total securities temporarily impaired	2	$	2,641	$	16	3	$	1,925	$	2,070	5	$	4,566	$	2,086

	Less than 12 months					12 months or more					Total
				Gross					Gross					Gross
	Number of	Fair		Unrealized		Number of	Fair		Unrealized		Number of	Fair		Unrealized
December 31, 2011	Securities	Value		Losses		Securities	Value		Losses		Securities	Value		Losses
Municipal bonds	1	$	572	$	4	-	$	-	$	-	1	$	572	$	4
REMICs	1	1,531		11		-	-		-		1	1,531		11
Corporate debt	-	-		-		3	1,454		2,541		3	1,454		2,541
Total securities temporarily impaired	2	$	2,103	$	15	3	$	1,454	$	2,541	5	$	3,557	$	2,556

The Company reviews its investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer including any specific events that may influence the operations of the issuer, and the intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market.

Corporate Debt – At September 30, 2012, the Company had three securities that were in an unrealized loss position for 12 months or more at an amount of $2.1 million. These securities consist of two pools of insurance company-issued preferred trust obligations. These securities were downgraded from their original rating issuance to below investment grade. The lack of liquidity in the market for this type of security, credit rating downgrades and market uncertainties are factors contributing to the unrealized losses on these securities.

The following table provides additional information related to the Company’s pooled preferred trust obligations at September 30, 2012 (dollars in thousands):

Pool	Class	Tranche	Amortized Cost		Fair Value		Unrealized Loss			S&P 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	$	593	$	(907	)	CCC-	16	$	188,500	$	32,500	$	156,000	$	95,310	$	43,500
I-PreTSL II	Mezzanine	B-3	2,495		1,332		(1,163		)	BB+	25	340,500		24,500		316,000		316,000		120,000
			$	3,995	$	1,925	$	(2,070	)

(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.

See Notes to the Unaudited Consolidated Financial Statements.

9

(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 the entire 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.

These securities are evaluated for other-than-temporary impairment (“OTTI”) by determining whether it is probable that an adverse change in estimated cash flows has occurred. Determining whether there has been an adverse change in estimated cash flows involves the calculation of the present value of remaining cash flows compared to previously projected cash flows. We consider the discounted cash flow analysis to be our primary evidence when determining whether credit-related OTTI exists. Additionally, reports are reviewed that provide information for the amount of deferral/defaults that would have to occur to prevent the tranche from collecting contractual cash flows (principal and interest). None of these securities are projecting a cash flow disruption, nor have any of these securities experienced a cash flow disruption. The Company also reviewed each of the issues’ collateral participants, including their financial condition, ratings provided by A. M. Best (for insurance companies), and adverse conditions specifically related to industry or geographic area. This information did not suggest additional deferrals or defaults in the future that would result in the securities not receiving all of their contractual cash flows. Based on the analysis performed and the fact that the Company does not expect to sell these securities, and because it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost basis, the Company concluded that there is no OTTI on these securities at September 30, 2012.

Other Securities – This category may include Government-Sponsored Enterprises (“GSE”) municipal bonds, mortgage-backed securities and REMICS.  At September 30, 2012, the Company had a total of two securities with an unrealized loss of $16,000 in these categories, including one municipal bond with an unrealized loss of $12,000 and one REMIC with an unrealized loss of $4,000. These securities were in an unrealized loss position for less than 12 months. An evaluation of the individual securities was performed, including a review of all credit ratings, which remain at investment grade. The REMIC was issued and backed by a Government-Sponsored Enterprise (“FNMA”). The Company believes the unrealized loss of these securities is due to changes in market interest rates or changes in market conditions as there was no indication that the issuer was having financial difficulties. The Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell the securities before their recovery. The Company expects to recover the entire amortized cost basis of these securities and concluded that there is no OTTI on these securities at September 30, 2012.

See Notes to the Unaudited Consolidated Financial Statements.

10

Note 4.  Loans

The following table sets forth the composition of our loan portfolio at the dates indicated (dollars in thousands).

	September 30, 2012					December 31, 2011
	Amount			Percent		Amount			Percent
Real estate-mortgage:
One-to four- family residential
Originated	$	111,780		44.9	%	$	117,622		46.0	%
Purchased	11,343			4.6		16,304			6.4
Total one-to four- family residential	123,123			49.5		133,926			52.4
Multi-family
Originated	11,207			4.5		13,122			5.1
Purchased	4,257			1.7		5,121			2.0
Total multi-family	15,464			6.2		18,243			7.1
Commercial	42,328			17.0		35,307			13.8
Total real estate-mortgage	180,915			72.7		187,476			73.3
Real estate-construction:
Residential	3,476			1.4		3,874			1.5
Commercial	5,795			2.3		8,308			3.3
Total real estate-construction	9,271			3.7		12,182			4.8
Consumer:
Home equity
Loan-to-value ratio of 80% or less	36,903			14.9		30,679			12.0
Loan-to-value ratio of greater than 80%	8,053			3.2		7,758			3.1
Total home equity	44,956			18.1		38,437			15.1
Other	1,432			0.6		1,892			0.7
Total consumer	46,388			18.7		40,329			15.8
Commercial business	12,195			4.9		15,445			6.1
Total loans	$	248,769		100.0	%	$	255,432		100.0	%
Net premiums on loans purchased	109					127
Net deferred loan costs	490					606
Loans in process	(4,695		)			(7,790		)
Allowance for loan losses	(3,091		)			(3,098		)
Loans, net	$	241,582				$	245,277

See Notes to the Unaudited Consolidated Financial Statements.

11

Delinquencies. The following table provides information about delinquencies in our loan portfolio at the dates indicated (dollars in thousands).

	September 30, 2012						December 31, 2011
	30-59		60-89		90 Days		30-59		60-89		90 Days
	Days		Days		or Greater		Days		Days		or Greater
	Past		Past		Past		Past		Past		Past
	Due		Due		Due		Due		Due		Due
Real estate - mortgage
One-to four- family residential
Originated	$	-	$	180	$	330	$	681	$	584	$	-
Purchased	56		-		796		-		172		1,416
Total one-to four- family residential	56		180		1,126		681		756		1,416
Commercial	-		10		84		25		504		568
Total real estate - mortgage	56		190		1,210		706		1,260		1,984
Consumer
Home equity
Loan-to-value ratio of 80% or less	-		-		-		68		-		-
Loan-to-value ratio of greater than 80%	159		-		-		48		-		33
Total home equity	159		-		-		116		-		33
Other	-		-		4		1		4		-
Total consumer	159		-		4		117		4		33
Commercial business	-		-		-		28		-		-
Total delinquencies	$	215	$	190	$	1,214	$	851	$	1,264	$	2,017

See Notes to the Unaudited Consolidated Financial Statements.

12

Nonperforming Assets.  The following table provides information with respect to our nonperforming assets at the dates indicated (dollars in thousands).

	September 30, 2012				December 31, 2011
	Number of				Number of
	Contracts	Amount			Contracts	Amount
Nonaccrual loans:
Real estate - mortgage loans
One-to four- family residential
Originated	4	$	1,322		1	$	128
Purchased	5	965			8	1,416
Total one-to four- family residential	9	2,287			9	1,544
Commercial	2	432			3	568
Total real estate - mortgage	11	2,719			12	2,112
Consumer loans
Home equity (loan-to-value ratio of greater than 80%)	-	-			1	33
Other	1	4			-	-
Total consumer	1	4			1	33
Total nonaccrual loans	12	2,723			13	2,145
Accruing loans past due 90 days or more	-	-			-	-
Total nonaccrual loans and accruing loans past due 90 days or more	12	2,723			13	2,145
Real estate owned	2	196			8	544
Total nonperforming assets	14	$	2,919		21	$	2,689
Troubled debt restructurings
In nonaccrual status	3	1,509			2	465
Performing under modified terms	6	1,502			6	1,565
Troubled debt restructurings	9	$	3,011		8	$	2,030
Total nonperforming loans to total loans		1.09		%		0.84		%
Total nonperforming assets to total assets		0.91				0.80

At December 31, 2011, nonaccrual purchased residential loans included one relationship comprised of six loans totaling $1.3 million. In the current period, two of the loans in that relationship were paid off and the remaining four loans totaling $993,000 were restructured into one loan by the Bank as a troubled debt restructuring (“TDR”). The restructuring transferred the relationship from the purchased segment to the originated segment at September 30, 2012 and represents the majority of the change in these categories in comparison to December 31, 2011.

Troubled Debt Restructurings.Loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties are considered TDRs. TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in our portfolio primarily consist of, but are not limited to, capitalization of principal and interest due, reverting from payment of principal and interest to interest-only, or extending a maturity date through a signed forbearance agreement.

See Notes to the Unaudited Consolidated Financial Statements.

13

TDRs are typically evaluated for any possible impairment similar to other impaired loans based on the current fair value of the collateral, less selling costs, for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan, impairment is recognized through a specific allowance for loan losses. In periods subsequent to modification, we continue to evaluate all TDRs for any additional impairment and will adjust any specific allowances accordingly.

The following table provides information related to TDRs at the dates indicated (dollars in thousands):

	In Nonaccrual							Performing Under
	Status							Modified Terms
		Pre-		Post-					Pre-		Post-
		Modification		Modification					Modification		Modification
	Number	Outstanding		Outstanding				Number	Outstanding		Outstanding
	of	Recorded		Recorded		Specific		of	Recorded		Recorded		Specific
September 30, 2012	Contracts	Investment		Investment		Allowance		Contracts	Investment		Investment		Allowance
Real estate - mortgage loans
One-to four- family residential
Originated	1	$	993	$	993	$	-	-	$	-	$	-	$	-
Purchased	1	168		168		-		-	-		-		-
Total one-to four- family residential	2	1,161		1,161		-		-	-		-		-
Commercial	1	516		348		-		4	1,431		1,356		-
Total real estate - mortgage	3	1,677		1,509		-		4	1,431		1,356		-
Consumer loans
Home equity (loan-to-value ratio of 80% or less)	-	-		-		-		1	140		137		-
Other	-	-		-		-		1	11		9		-
Total consumer	-	-		-		-		2	151		146		-
Total troubled debt restructurings	3	$	1,677	$	1,509	$	-	6	$	1,582	$	1,502	$	-

	In Nonaccrual							Performing Under
	Status							Modified Terms
		Pre-		Post-					Pre-		Post-
		Modification		Modification					Modification		Modification
	Number	Outstanding		Outstanding				Number	Outstanding		Outstanding
	of	Recorded		Recorded		Specific		of	Recorded		Recorded		Specific
December 31, 2011	Contracts	Investment		Investment		Allowance		Contracts	Investment		Investment		Allowance
Real estate - mortgage loans
Commercial	2	$	516	$	465	$	-	4	$	1,431	$	1,414	$	170
Total real estate - mortgage	2	516		465		-		4	1,431		1,414		170
Consumer loans
Home equity (loan-to-value ratio of 80% or less)	-	-		-		-		1	140		140		-
Other	-	-		-		-		1	11		11		-
Total consumer	-	-		-		-		2	151		151		-
Total troubled debt restructurings	2	$	516	$	465	$	-	6	$	1,582	$	1,565	$	170

The following TDR-related activity occurred during the nine months ended September 30, 2012:

·Two residential mortgage relationships were identified as TDRs in a nonaccrual status.

·One commercial real estate loan in nonaccrual status was paid off.

·An updated appraisal was received on a commercial real estate property and it was determined that a $170,000 specific reserve was no longer necessary due to an increase in the collateral value.

See Notes to the Unaudited Consolidated Financial Statements.

14

Impaired Loans.  The following tables summarize information in regards to impaired loans by loan portfolio class at the dates indicated (dollars in thousands).

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
September 30, 2012	Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
One-to four- family originated residential	$	1,278	$	1,278	$	-	$	1,367	$	-
Commercial real estate	1,705		1,788		-		1,788		55
Home equity (loan-to-value ratio of 80% or less)	137		137		-		139		6
Other consumer	9		9		-		10		-
Impaired loans with an allowance recorded
One-to four- family purchased residential	509		509		200		511		2
One-to four- family originated residential	$	1,278	$	1,278	$	-	$	1,367	$	-
One-to four- family purchased residential	509		509		200		511		2
Commercial real estate	1,705		1,788		-		1,788		55
Home equity (loan-to-value ratio of 80% or less)	137		137		-		139		6
Other consumer	9		9		-		10		-
Total impaired loans	$	3,638	$	3,721	$	200	$	3,815	$	63
			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2011	Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
One-to four- family purchased residential	$	1,287	$	1,287	$	-	$	1,290	$	11
Commercial real estate	1,447		1,510		-		1,484		60
Home equity (loan-to-value ratio of 80% or less)	140		140		-		143		9
Other consumer	11		11		-		12		1
Impaired loans with an allowance recorded
Commercial real estate	654		654		170		663		32
One-to four- family purchased residential	$	1,287	$	1,287	$	-	$	1,290	$	11
Commercial real estate	2,101		2,164		170		2,147		92
Home equity (loan-to-value ratio of 80% or less)	140		140		-		143		9
Other consumer	11		11		-		12		1
Total impaired loans	$	3,539	$	3,602	$	170	$	3,592	$	113

The following impaired loan activity occurred during the nine months ended September 30, 2012:

·At December 31, 2011, impaired loans included one purchased residential relationship comprised of six loans with a recorded investment of $1.3 million. In the current period, two of the loans in that relationship were paid off and the remaining four loans totaling $993,000 were restructured into one loan by the Bank as a TDR. The restructuring transferred the relationship from the purchased portfolio to the originated portfolio at September 30, 2012 and represents the majority of the increase in this category in comparison to December 31, 2011.

·One originated mortgage loan with a balance of $285,000 was evaluated for impairment due to the borrower declaring Chapter 13 bankruptcy and no longer making payments. It was determined based on an appraisal of the underlying loan collateral that there was sufficient collateral to cover the outstanding loan balance and, therefore, a specific allowance was not established.

See Notes to the Unaudited Consolidated Financial Statements.

15

·An updated appraisal was received on a commercial real estate property and it was determined that a $170,000 specific reserve was no longer necessary due to an increase in the collateral value.

·A purchased residential loan with a balance of $509,000 was deemed impaired due to the borrower’s failure to make payments. It was determined based on an appraisal of the underlying loan collateral that a collateral deficiency existed and a $200,000 specific reserve was established.

·One commercial real estate loan was upgraded from substandard to special mention due to the borrower’s improved financial condition. As a result, the loan was no longer deemed impaired.

Allowance for loan losses.The allowance for loan losses is a valuation allowance for probable losses inherent in the loan portfolio. We evaluate the need to establish allowances against losses on loans on a quarterly basis. When additional allowances are necessary, a provision for loan losses is charged to earnings.

Our methodology for assessing the appropriateness of the allowance for loan losses consists of: (1) a valuation allowance on impaired loans; and (2) a valuation allowance on the remainder of the loan portfolio. Although we determine the amount of each element of the allowance separately, the entire allowance for loan losses is available for the entire portfolio.

Allowance on Impaired Loans. We establish an allowance for loans that are individually evaluated and determined to be impaired. The allowance is determined by utilizing one of the three impairment measurement methods. At September 30, 2012, there were six loan relationships that were individually evaluated for impairment, of which five were considered TDRs. TDR and impaired loan activity and any related specific allowances were previously discussed in the “Troubled Debt Restructurings” and “Impaired Loans” sections.

Allowance on the Remainder of the Loan Portfolio. We establish another allowance for loans that are not determined to be impaired. Management determines historical loss experience for each group of loans with similar risk characteristics within the portfolio based on loss experience for loans in each group. Loan categories will represent groups of loans with similar risk characteristics and may include types of loans categorized by product, large credit exposures, concentrations, loan grade, or any other characteristic that causes a loan’s risk profile to be similar to another. We utilize previous years’ net charge-off experience by loan category as a basis in determining loss projections. In addition, there are two categories of loans considered to be higher risk concentrations that are evaluated separately when calculating the allowance for loan losses:

·Loans purchased in the secondary market.  Prior to 2006, 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.

We also consider qualitative or environmental factors that are likely to cause estimated credit losses associated with the bank’s existing portfolio to differ from historical loss experience. Our historical loss experience and qualitative and environmental factors are reviewed on a quarterly basis to ensure they are reflective of current conditions in our loan portfolio and economy. In 2011, the qualitative factor related to changes in adversely graded loans was adjusted to include a factor for special mention loans. The factors related to changes in the volume and severity of past due loans, nonaccrual loans and adversely graded or classified loans and changes in the value of underlying collateral for collateral dependent loans were also adjusted specifically for the purchased residential loans due to severity of the number of past due loans in this portfolio segment and the continued deterioration of property values, primarily on Michigan properties. In addition, certain historical loss factors were adjusted to place more emphasis on recent and expected loss experience while generally excluding periods where we did not experience any losses.

See Notes to the Unaudited Consolidated Financial Statements.

16

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2012 (dollars in thousands):

	Real estate - mortgage															Real estate-construction							Consumer
	One-to four- family residential (originated)			One-to four- family residential (purchased)			Multi- family (originated)			Multi- family (purchased)			Com- mercial				Resi- dential			Com- mercial			Home equity (loan- to-value ratio of 80% or less)			Home equity (loan- to-value ratio of greater than 80%)			Other Consumer			Com- mercial business			Unal- located			Total
Loan Balance	$	111,780		$	11,343		$	11,207		$	4,257		$	42,328			$	3,476		$	5,795		$	36,903		$	8,053		$	1,432		$	12,195					$	248,769
Allowance for loan losses:
June 30, 2012	$	497		$	526		$	36		$	122		$	788			$	5		$	9		$	414		$	263		$	17		$	172		$	139		$	2,988
Charge-offs	-			-			-			-			-				-			-			-			-			1			-			-			1
Recoveries	2			-			-			-			1				-			-			-			1			-			-			-			4
Provision	(4		)	64			(2		)	(19		)	55				-			-			(1		)	(1		)	1			22			(15		)	100
September 30, 2012	$	495		$	590		$	34		$	103		$	844			$	5		$	9		$	413		$	263		$	17		$	194		$	124		$	3,091
December 31, 2011	$	534		$	465		$	39		$	124		$	858			$	6		$	12		$	379		$	267		$	24		$	242		$	148		$	3,098
Charge-offs	115			109			-			-			33				-			-			-			49			1			15			-			322
Recoveries	2			-			-			-			1				-			-			-			2			-			-			-			5
Provision	74			234			(5		)	(21		)	18				(1		)	(3		)	34			43			(6		)	(33		)	(24		)	310
September 30, 2012	$	495		$	590		$	34		$	103		$	844			$	5		$	9		$	413		$	263		$	17		$	194		$	124		$	3,091
Individually evaluated for impairment	$	-		$	200		$	-		$	-		$	-			$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	200
Collectively evaluated on historical loss experience	146			170			-			65			109				-			-			82			110			12			2			-			696
Collectively evaluated on qualitative factors	349			220			34			38			735				5			9			331			153			5			192			-			2,071
Unallocated	-			-			-			-			-				-			-			-			-			-			-			124			124
Total allowance for loan losses	$	495		$	590		$	34		$	103		$	844			$	5		$	9		$	413		$	263		$	17		$	194		$	124		$	3,091
Percent of Allowance	16.0		%	19.1		%	1.1		%	3.3		%	27.3		%		0.2		%	0.3		%	13.4		%	8.5		%	0.5		%	6.3		%	4.0		%	100.0		%
Percent of Loans (1)	44.9		%	4.6		%	4.5		%	1.7		%	17.0		%		1.4		%	2.3		%	14.9		%	3.2		%	0.6		%	4.9		%				100.0		%

(1)Represents percentage of loans in each category to total loans.

See Notes to the Unaudited Consolidated Financial Statements.

17

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2011 (dollars in thousands):

	Real estate - mortgage															Real estate-construction							Consumer
	One-to four- family residential (originated)			One-to four- family residential (purchased)			Multi- family (originated)			Multi- family (purchased)			Com- mercial				Resi- dential			Com- mercial			Home equity (loan- to-value ratio of 80% or less)			Home equity (loan- to-value ratio of greater than 80%)			Other Consumer			Com- mercial business			Unal- located			Total
Loan Balance	$	120,975		$	16,930		$	13,237		$	5,156		$	34,252			$	6,078		$	5,175		$	29,402		$	8,005		$	1,887		$	13,889					$	254,986
Allowance for loan losses:
June 30, 2011	$	553		$	392		$	28		$	126		$	895			$	11		$	1		$	370		$	279		$	25		$	198		$	116		$	2,994
Charge-offs	-			136			-			-			-				-			-			-			64			-			-			-			200
Recoveries	-			-			-			-			-				-			-			-			-			-			-			-			-
Provision	(17		)	186			12			(1		)	(24		)		(2		)	7			16			60			(1		)	57			32			325
September 30, 2011	$	536		$	442		$	40		$	125		$	871			$	9		$	8		$	386		$	275		$	24		$	255		$	148		$	3,119
December 31, 2010	$	558		$	433		$	12		$	127		$	804			$	10		$	1		$	294		$	292		$	26		$	171		$	96		$	2,824
Charge-offs	-			411			-			-			-				-			-			-			64			7			-			-			482
Recoveries	-			1			-			-			-				-			-			-			-			1			-			-			2
Provision	(22		)	419			28			(2		)	67				(1		)	7			92			47			4			84			52			775
September 30, 2011	$	536		$	442		$	40		$	125		$	871			$	9		$	8		$	386		$	275		$	24		$	255		$	148		$	3,119
Individually evaluated for impairment	$	-		$	-		$	-		$	-		$	193			$	-		$	-		$	9		$	-		$	-		$	43		$	-		$	245
Collectively evaluated on historical loss experience	160			215			-			79			58				-			-			101			120			18			2			-			753
Collectively evaluated on qualitative factors	376			227			40			46			620				9			8			276			155			6			210			-			1,973
Unallocated	-			-			-			-			-				-			-			-			-			-			-			148			148
Total allowance for loan losses	$	536		$	442		$	40		$	125		$	871			$	9		$	8		$	386		$	275		$	24		$	255		$	148		$	3,119
Percent of Allowance	17.2		%	14.2		%	1.3		%	4.0		%	27.9		%		0.3		%	0.3		%	12.4		%	8.8		%	0.8		%	8.2		%	4.6		%	100.0		%
Percent of Loans (1)	47.5		%	6.6		%	5.2		%	2.0		%	13.4		%		2.4		%	2.0		%	11.5		%	3.2		%	0.7		%	5.5		%				100.0		%

(1)Represents percentage of loans in each category to total loans.

See Notes to the Unaudited Consolidated Financial Statements.

18

Credit Quality Information.Federal regulations require us to review and classify our assets on a regular basis. In addition, the Office of the Comptroller of the Currency (“OCC”) has the authority to identify problem assets and, if appropriate, require them to be classified. There are four classifications for problem assets: special mention, substandard, doubtful and loss. The following table presents the classes of the loan portfolio and shows our credit risk profile by internally assigned risk rating at the dates indicated (dollars in thousands).

Real estate - mortgage

Real estate-construction

Consumer

One-to

One-to-

Home

Home

four-

four

equity (loan-

equity (loan-

family

family

Multi-

Multi-

to-value

to-value ratio

Com-

residential

residential

family

family

Com-

Resi-

Com-

ratio of

of greater

Other

mercial

Loans

September 30, 2012

(originated)

(purchased)

(originated)

(purchased)

mercial

dential

mercial

80% or less)

than 80%)

Consumer

business

Total

Grade:

Pass	$	110,199	$	10,378	$	11,207	$	4,257	$	38,783	$	3,476	$	5,795	$	36,766	$	8,053	$	1,419	$	12,130	$	242,463
Special Mention	259		-		-		-		1,577		-		-		-		-		-		65		1,901
Substandard	1,322		965		-		-		1,968		-		-		137		-		13		-		4,405
Doubtful	-		-		-		-		-		-		-		-		-		-		-		-
Loss	-		-		-		-		-		-		-		-		-		-		-		-
Total	$	111,780	$	11,343	$	11,207	$	4,257	$	42,328	$	3,476	$	5,795	$	36,903	$	8,053	$	1,432	$	12,195	$	248,769

Real estate - mortgage

Real estate-construction

Consumer

One-to

One-to-

Home

Home

four-

four

equity (loan-

equity (loan-

family

family

Multi-

Multi-

to-value

to-value ratio

Com-

residential

residential

family

family

Com-

Resi-

Com-

ratio of

of greater

Other

mercial

Loans

December 31, 2011

(originated)

(purchased)

(originated)

(purchased)

mercial

dential

mercial

80% or less)

than 80%)

Consumer

business

Total

Grade:

Pass	$	117,232	$	14,888	$	13,122	$	5,121	$	31,026	$	3,874	$	8,308	$	30,539	$	7,725	$	1,881	$	15,445	$	249,161
Special Mention	262		-		-		-		2,076		-		-		-		-		-		-		2,338
Substandard	128		1,416		-		-		2,205		-		-		140		33		11		-		3,933
Doubtful	-		-		-		-		-		-		-		-		-		-		-		-
Loss	-		-		-		-		-		-		-		-		-		-		-		-
Total	$	117,622	$	16,304	$	13,122	$	5,121	$	35,307	$	3,874	$	8,308	$	30,679	$	7,758	$	1,892	$	15,445	$	255,432

19

Note 5.  Deposits

Deposits are summarized as follows (dollars in thousands).

	September 30, 2012				December 31, 2011
	Amount		Percent		Amount		Percent
Noninterest-bearing demand deposits	$	23,972	10.9	%	$	20,536	9.3	%
Interest-bearing demand deposits	17,295		7.9		14,555		6.6
Savings accounts	24,692		11.2		22,827		10.3
Money market accounts	59,819		27.2		59,709		27.0
Certificates of deposit	94,253		42.8		103,913		46.8
Total deposits	$	220,031	100.0	%	$	221,540	100.0	%

Note 6.  Borrowings

We utilize borrowings as a supplemental source of funds for loans and securities. The primary sources of borrowings are FHLB advances and, to a limited extent, repurchase agreements. At September 30, 2012 and December 31, 2011, we had $38.3 million and $49.9 million of borrowings, respectively, of which $35.3 million and $46.9 million, respectively, were FHLB advances and $3.0 million were repurchase agreements. Our FHLB advances were comprised of fixed rate advances.

The following table sets forth borrowings based on their stated maturities and weighted average rates at the dates indicated.

	September 30, 2012					December 31, 2011
				Weighted					Weighted
				Average					Average
(Dollars in thousands)	Balance			Rate		Balance			Rate
Due in one year or less	$	3,318		3.74	%	$	8,406		4.15	%
Due in one to two years	18,000			3.60		11,497			3.68
Due in two to three years	17,000			3.56		18,000			3.41
Due in three to four years	-			-		12,000			3.82
Advances	$	38,318				$	49,903
Less: deferred premium on modification	(485		)			(614		)
Total advances	$	37,833		3.59	%	$	49,289		3.69	%

The following table sets forth information concerning our borrowings for the periods indicated.

	Nine Months		Year
	Ended		Ended
	September 30,		December 31,
(Dollars in thousands)	2012		2011
Maximum amount outstanding at any month end during the period	$       48,873		$       72,864
Average amounts outstanding during the period	45,831		58,150
Weighted average rate during the period	3.72	%	3.69	%

20

Note 7.  Earnings Per Share

Basic earnings per common share is calculated by dividing FedFirst Financial’s net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is computed in a manner similar to basic earnings per common share except that the weighted-average number of common shares outstanding is increased to include the incremental common shares (as computed using the treasury stock method) that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. Common stock equivalents include restricted stock awards and stock options. Anti-dilutive shares are common stock equivalents with weighted-average exercise prices in excess of the weighted-average market value for the periods presented. Unallocated common shares held by the Employee Stock Ownership Plan (“ESOP”) are not included in the weighted-average number of common shares outstanding for purposes of calculating both basic and diluted earnings per common share until they are committed to be released.

The following table sets forth basic and diluted earnings per common share at the dates indicated.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share amounts)	2012		2011		2012		2011
Net income of FedFirst Financial Corporation	$	649	$	290	$	1,699	$	804
Weighted-average shares outstanding:
Basic	2,867,983		2,912,853		2,836,388		2,909,045
Effect of dilutive stock options and restrictive stock awards	3,330		9,199		3,189		8,967
Diluted	2,871,313		2,922,052		2,839,577		2,918,012
Earnings per share:
Basic and diluted	$	0.23	$	0.10	$	0.60	$	0.28

The dilutive effect on average shares outstanding is the result of stock options outstanding. At September 30, 2012 and September 30, 2011, options to purchase 218,017 and 104,334 shares of common stock, respectively, at a weighted average exercise price of $16.39 and $19.53 per share, respectively, were outstanding but were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares.

Note 8.  Fair Value Measurements and Fair Values of Financial Instruments

Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of September 30, 2012 and December 31, 2011 and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to September 30, 2012 and December 31, 2011 may be different than the amounts reported at each period end.

The fair value hierarchy prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

21

The three levels of the fair value hierarchy are as follows:

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.

The following is a discussion of assets and liabilities measured at fair value on a recurring basis and the valuation techniques used:

Securities available for sale. The majority of the Company’s securities are included in Level 2 of the fair value hierarchy. Fair values were primarily determined by a third party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. In some cases, the fair value was determined from a broker who is able to quote a price based on observable inputs in a liquid market for similar securities.

In some instances, the fair value of certain securities cannot be determined using these techniques due to the lack of relevant market data. As such, these securities are valued using an alternative technique and classified within Level 3 of the fair value hierarchy. At September 30, 2012, Level 3 includes three corporate debt securities with a fair value of $1.9 million.

The corporate debt securities are pooled trust preferred corporate debt obligations (“CDOs”) collateralized by the trust preferred securities of insurance companies in the United States. The CDOs, which were rated A at purchase and are currently rated below investment grade, could not be priced using quoted market prices, observable market activity or comparable trades, and the financial market was considered not active. The trust preferred market has been severely impacted by the lack of liquidity in the credit markets and concern over the financial services industry. There has been little or no active trading in these securities; therefore it was more appropriate to determine fair value using a discounted cash flow analysis.

The Bank utilized a third party pricing service that performed a two-step process to determine the fair value of the CDOs. First, an asset analysis was performed to evaluate the credit quality of the collateral and the deal structure using probability of default values for each underlying issuer and loss given default values by asset type. Probability of default is the likelihood that the issuer of the CDOs will go into default and stop paying and was estimated using an expected default frequency approach, which considers the market value and volatility of a firm’s assets and the threshold for default. Probability of default was combined with correlation assumptions, which is the tendency of companies to default once other companies have defaulted. CDOs are more likely to experience stress at the same time since they are concentrated in the same sector, therefore a 50% asset correlation was assumed for issuers in the same industry. Loss given default is the amount of cash lost to the investor at the time of default and is related to the recovery rate. Loss and recovery estimates determine how much cash remains when an issuer goes into default. Deferrals are a common feature of CDOs and were treated as defaults in the analysis. Loss given default has been historically high for CDOs and therefore a 0% recovery rate was assumed on currently defaulted and deferring assets, which resulted in a 100% loss given default.

22

Second, a liability analysis was performed in which the expected cash flows produced based off the expected credit events of the asset analysis were allocated across the tranches to determine the tranches that would get paid or incur a loss. These expected cash flows were discounted at a risk free interest rate plus a premium for illiquidity (3 month LIBOR plus 300 basis points) to produce a discounted cash flow valuation and determine an estimated fair value.

For financial assets measured at fair value on a recurring basis, the following tables set forth the fair value measurements by fair value hierarchy at the dates indicated.

(Dollars in thousands)		September 30, 2012							December 31, 2011
Significant other observable inputs (Level 2)
Securities available-for-sale
Government-sponsored enterprises				$	-					$	2,003
Municipal bonds				9,226						7,125
Mortgage-backed				14,841						17,512
REMICs				22,586						24,318
Equities				4						4
Total significant other observerable inputs (Level 2)				46,657						50,962
Significant unobservable inputs (Level 3)
Securities available-for-sale
Mortgage-backed				-						32
Corporate debt				1,925						1,454
Total significant unobservable inputs (Level 3)				1,925						1,486
Total securities available-for-sale				$	48,582					$	52,448
Total assets measured at fair value on a recurring basis				$	48,582					$	52,448
	Significant
	Unobservable Inputs
(Dollars in thousands)	(Level 3)
December 31, 2010			$			1,278
Total unrealized gains			214
Paydowns and maturities			(6					)
December 31, 2011			$			1,486
Total unrealized gains			471
Paydowns and maturities			(11					)
Net transfers out of level 3			(21					)
September 30, 2012			$			1,925
(Dollars in thousands)		September 30, 2012							December 31, 2011
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 end			$				471			$		214

Seven mortgage-backed securities were transferred out of Level 3 and into Level 2 in 2012 because a reliable price could be obtained using a model based valuation technique or through a broker quote.

23

For Level 3 assets measured at fair value on a recurring basis as of September 30, 2012, the following table sets forth the significant unobservable inputs used in the fair value measurements.

(Dollars in thousands)	Fair Value	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Securities available-for-sale
Corporate Debt	$    1,925	Discounted cash flow	Average probability of default	4.08%
			Correlation	50% for issuers in the same industry
			Deferral/default recovery rate	0% on currently defaulted/deferring assets and projected defaults
			Prepayment	0%

We may be required to measure certain assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or writedowns of individual assets.

The following is a discussion of assets and liabilities measured at fair value on a nonrecurring basis.

Impaired loans. Certain impaired loans over $250,000 are individually reviewed to determine the amount of each loan that may be at risk of noncollection. When repayment is expected solely from the collateral, the impaired loans are reported at the fair value of the underlying collateral using Level 2 inputs based on property appraisals or financial statements.

Real estate owned. The fair value of real estate owned is estimated using Level 2 inputs based on property appraisals less any projected selling costs, which are estimated at 10-20% of the collateral value.

For financial assets measured at fair value on a nonrecurring basis, the following table sets forth the fair value measurements by fair value hierarchy at the dates indicated.

	September 30, 2012				December 31, 2011
	Carrying				Carrying
(Dollars in thousands)	Value		Fair Value		Value		Fair Value
Significant other observable inputs (Level 2)
Impaired loans	$	3,638	$	3,438	$	3,539	$	3,369
Real estate owned	196		196		544		544
Total assets measured at fair value on a nonrecurring basis	$	3,834	$	3,634	$	4,083	$	3,913

The following presents the fair value of financial instruments. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be sustained by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. In addition, the following information should not be interpreted as an estimate of the fair value of the Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

24

The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at September 30, 2012 and December 31, 2011.

Cash and Cash Equivalents

The carrying amounts approximate the asset’s fair values.

Securities Available-for Sale

See previous discussion on securities available-for-sale measured at fair value on a recurring basis for further details on the valuation techniques used to determine the fair value of securities available-for-sale.

Loans

The fair values for residential real estate loans are estimated using discounted cash flow analyses using mortgage commitment rates from either FNMA or FHLMC. The fair values of consumer and commercial business loans are estimated using discounted cash flow analyses, using interest rates reported in various government releases. The fair values of multi-family and commercial real estate loans are estimated using discounted cash flow analysis, using interest rates based on national commitment rates on similar loans. The carrying value is net of the allowance for loan losses. Due to the significant judgment involved in evaluating credit quality and the allowance for loan losses, loans are classified as Level 3, except for impaired loans measured at fair value on a nonrecurring basis that are classified as Level 2 based on property appraisals.

Federal Home Loan Bank Stock

The carrying amount approximates the asset’s fair value.

Accrued Interest Receivable and Accrued Interest Payable

The fair value of these instruments approximates the carrying value.

Deposits

The fair values disclosed for demand deposits (e.g., savings accounts) are, by definition, equal to the amount payable on demand at the repricing date (i.e., their carrying amounts).  Fair values of certificates of deposits are estimated using a discounted cash flow calculation that applies the FHLB of Pittsburgh advance yield curve to the maturity schedule of the Bank’s certificates of deposit.

Borrowings

The fair value of FHLB advances and repurchase agreements are estimated using a discounted cash flow calculation using the current FHLB advance yield curve. This is the method that the FHLB of Pittsburgh used to determine the cost of terminating the borrowing contract.

Commitments to Extend Credit

These financial instruments are generally not subject to sale and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure purposes.

25

The following table sets forth the carrying amount and estimated fair value of financial instruments at the dates indicated (dollars in thousands).

	Carrying			Estimated		Fair Value Measurements
September 30, 2012	Amount			Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$		10,517	$	10,517	$	10,517	$	-	$	-
Securities available-for-sale	48,582			48,582		-		46,657		1,925
Loans, net	241,582			255,450		-		3,438		252,012
FHLB stock	4,358			4,358		4,358		-		-
Accrued interest receivable	1,110			1,110		1,110		-		-
Financial liabilities:
Deposits	220,031			222,179		125,778		96,401		-
Borrowings	37,833			39,954		-		39,954		-
Accrued interest payable	291			291		291		-		-
	Carrying			Estimated
December 31, 2011	Amount			Fair Value
Financial assets:
Cash and cash equivalents	$	14,571		$	14,571
Securities available-for-sale	52,448			52,448
Loans, net	245,277			256,446
FHLB stock	5,340			5,340
Accrued interest receivable	1,244			1,244
Financial liabilities:
Deposits	221,540			224,371
Borrowings	49,289			52,179
Accrued interest payable	430			430

Note 9.  Subsidiary/Segment Reporting

The consolidated operating results of FedFirst Financial are presented as a single financial services segment. FedFirst Financial is the parent company of the Bank, which owns FFEC. FFEC has an 80% controlling interest in Exchange Underwriters, Inc. Exchange Underwriters, Inc. is managed separately from the banking and related financial services that the Company offers. Exchange Underwriters, Inc. is an independent insurance agency that offers property and casualty, life, health, commercial general liability, surety and other insurance products.

26

Following is a table of selected financial data for the Company’s subsidiaries and consolidated results for the dates indicated (dollars in thousands).

	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations			Consolidated
September 30, 2012
Assets	$	321,561	$	829	$	58,832	$	(59,597	)	$	321,625
Liabilities		273,090		223		22		(10,574	)		262,761
Stockholders’ equity		48,471		606		58,810		(49,023	)		58,864
December 31, 2011
Assets	$	335,151	$	1,041	$	58,787	$	(59,705	)	$	335,274
Liabilities		288,645		506		26		(12,704	)		276,473
Stockholders’ equity		46,506		535		58,761		(47,001	)		58,801
Three Months Ended September 30, 2012
Total interest income	$	3,500	$	-	$	23	$	(23	)	$	3,500
Total interest expense		874		-		-		(23	)		851
Net interest income		2,626		-		23		-			2,649
Provision for loan losses		100		-		-		-			100
Net interest income after provision for loan losses		2,526		-		23		-			2,549
Noninterest income		268		562		-		-			830
Noninterest expense		1,812		515		52		-			2,379
Undistributed net gain of subsidiary		26		-		668		(694	)		-
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		1,008		47		639		(694	)		1,000
Income tax expense (benefit)		335		21		(10)		-			346
Net income before noncontrolling interest in net income of consolidated subsidiary		673		26		649		(694	)		654
Less: Noncontrolling interest in net income of consolidated subsidiary		5		-		-		-			5
Net income of FedFirst Financial Corporation	$	668	$	26	$	649	$	(694	)	$	649
Nine Months Ended September 30, 2012
Total interest income	$	10,608	$	1	$	70	$	(70	)	$	10,609
Total interest expense		2,941		-		-		(70	)		2,871
Net interest income		7,667		1		70		-			7,738
Provision for loan losses		310		-		-		-			310
Net interest income after provision for loan losses		7,357		1		70		-			7,428
Noninterest income		796		1,747		-		-			2,543
Noninterest expense		5,529		1,510		261		-			7,300
Undistributed net gain of subsidiary		132		-		1,825		(1,957	)		-
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		2,756		238		1,634		(1,957	)		2,671
Income tax expense (benefit)		905		106		(65)		-			946
Net income before noncontrolling interest in net income of consolidated subsidiary		1,851		132		1,699		(1,957	)		1,725
Less: Noncontrolling interest in net income of consolidated subsidiary		26		-		-		-			26
Net income of FedFirst Financial Corporation	$	1,825	$	132	$	1,699	$	(1,957	)	$	1,699

27

(Dollars in thousands)	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations			Consolidated
Three Months Ended September 30, 2011
Total interest income	$	3,903	$	1	$	26	$	(26	)	$	3,904
Total interest expense		1,225		-		-		(26	)		1,199
Net interest income		2,678		1		26		-			2,705
Provision for loan losses		325		-		-		-			325
Net interest income after provision for loan losses		2,353		1		26		-			2,380
Noninterest income		245		482		-		-			727
Noninterest expense		2,123		510		56		-			2,689
Undistributed net gain of subsidiary		(22)		-		310		(288	)		-
Income before income tax expense (benefit) and noncontrolling interest in net loss of consolidated subsidiary		453		(27)		280		(288	)		418
Income tax expense (benefit)		148		(5)		(10)		-			133
Net income before noncontrolling interest in net loss of consolidated subsidiary		305		(22)		290		(288	)		285
Less: Noncontrolling interest in net loss of consolidated subsidiary		(5)		-		-		-			(5)
Net income of FedFirst Financial Corporation	$	310	$	(22)	$	290	$	(288	)	$	290
Nine Months Ended September 30, 2011
Total interest income	$	11,746	$	3	$	77	$	(77	)	$	11,749
Total interest expense		3,876		-		-		(77	)		3,799
Net interest income		7,870		3		77		-			7,950
Provision for loan losses		775		-		-		-			775
Net interest income after provision for loan losses		7,095		3		77		-			7,175
Noninterest income		665		1,665		1		-			2,331
Noninterest expense		6,579		1,446		222		-			8,247
Undistributed net gain of subsidiary		116		-		899		(1,015	)		-
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		1,297		222		755		(1,015	)		1,259
Income tax expense (benefit)		375		106		(49)		-			432
Net income before noncontrolling interest in net income of consolidated subsidiary		922		116		804		(1,015	)		827
Less: Noncontrolling interest in net income of consolidated subsidiary		23		-		-		-			23
Net income of FedFirst Financial Corporation	$	899	$	116	$	804	$	(1,015	)		$804

Note 10.  Other Comprehensive Income (Loss)

The following table sets forth the tax effects allocated to each component of the Company’s other comprehensive income (loss) at the dates indicated (dollars in thousands).

	Before		Income		Net of
	Income Tax		Tax		Income Tax
Three months ended September 30, 2012	Expense		Expense		Expense
Other comprehensive income:
Unrealized gain on securities available-for-sale	$	224	$	88	$	136
	Before		Income		Net of
	Income Tax		Tax		Income Tax
Three months ended September 30, 2011	(Benefit)		(Benefit)		(Benefit)
Other comprehensive loss:
Unrealized loss on securities available-for-sale	$	(615)	$	(241)	$	(374	)

28

	Before		Income		Net of
	Income Tax		Tax		Income Tax
Nine months ended September 30, 2012	Expense		Expense		Expense
Other comprehensive income:
Unrealized gain on securities available-for-sale,	$	54	$	21	$	33
	Before Income		Income Tax		Net of Income
	Tax Expense		Expense or		Tax Expense
Nine months ended September 30, 2011	or (Benefit)		(Benefit)		or (Benefit)
Other comprehensive income (loss):
Unrealized gain on securities available-for-sale	$	805	$	316	$	489
Reclassification adjustment on sales of securities available-for-sale	(58)		(23)		(35)
Other comprehensive income	$	747	$	293	$	454

Note 11.  Stock Based Compensation

In 2006, the Company’s stockholders approved the 2006 Equity Incentive Plan (the “2006 Plan”). The purpose of the 2006 Plan is to promote the Company’s success and enhance its value by linking the personal interests of its employees, officers, directors and directors emeritus to those of the Company’s stockholders, and by providing participants with an incentive for outstanding performance. All of the Company’s salaried employees, officers and directors are eligible to participate in the 2006 Plan. The 2006 Plan authorizes the granting of options to purchase shares of the Company’s stock, which may be non-statutory stock options or incentive stock options, and restricted stock which is subject to restrictions on transferability and subject to forfeiture. The 2006 Plan reserved an aggregate number of 214,787 shares of which 153,419 may be issued in connection with the exercise of stock options and 61,367 may be issued as restricted stock.

In 2011, the Company’s stockholders approved the 2011 Equity Incentive Plan (the “2011 Plan”). The 2011 Plan’s details related to purpose, eligibility, and granting of shares are the same as noted above for the 2006 Plan. The 2011 Plan reserved an aggregate number of 204,218 shares of which 145,870 may be issued in connection with the exercise of stock options and 58,348 may be issued as restricted stock.

On April 2, 2012, certain directors, executive officers and key employees of the Company were awarded an aggregate of 16,240 restricted shares of common stock and 17,000 options to purchase shares of common stock. The awards vest over five years at the rate of 20% per year and the stock options have a 10 year contractual life from the date of grant. The Company’s common stock closed at $13.92 per share on April 2, 2012, which is the exercise price of the options granted on that date. The market value of the restricted stock awards was approximately $226,000, before the impact of income taxes. The estimated value of the stock options was $53,000, before the impact of income taxes. The per share weighted-average fair value of stock options granted with an exercise price equal to the market value on April 2, 2012 was $3.14 using the following Black-Scholes-Merton option pricing model assumptions: expected life of seven years, expected dividend rate of 0.86%, risk-free interest rate of 1.02% and an expected volatility of 22.6%, based on historical results.

On September 25, 2012, certain directors, executive officers and key employees of the Company were awarded an aggregate of 68,000 options to purchase shares of common stock. The awards vest over five years at the rate of 20% per year and the stock options have a 10 year contractual life from the date of grant. The Company’s common stock closed at $15.00 per share on September 25, 2012, which is the exercise price of the options granted on that date. The estimated value of the stock options was $204,000, before the impact of income taxes. The per share weighted-average fair value of stock options granted with an exercise price equal to the market value on September 25, 2012 was $3.00 using the following Black-Scholes-Merton option pricing model assumptions: expected life of seven years, expected dividend rate of 0.87%, risk-free interest rate of 0.71% and an expected volatility of 20.8%, based on historical results.

29

The Company recognizes expense associated with the awards over the five-year vesting period in accordance with ASC 718 Compensation - Stock Compensation and ASC 505-50 Equity-Based Payments to Non-Employees. Compensation expense was $39,000 for the three months ended September 30, 2012 compared to $40,000 for the three months ended September 30, 2011. For the nine months ended September 30, 2012, compensation expense was $108,000 compared to $187,000 for the nine months ended September 30, 2011. As of September 30, 2012, there was $692,000 of total unrecognized compensation cost related to nonvested stock-based compensation compared to $316,000 at December 31, 2011. The compensation expense at September 30, 2012 is expected to be recognized ratably over the weighted average remaining service period of 4.25 years.

	Stock Options
		Weighted		Weighted
	Number	Average		Average
	of	Exercise		Remaining
Stock-Based Compensation	Shares	Price		Term
Outstanding at January 1, 2012	140,119	$	16.86	6.86
Granted	85,000	14.78
Exercised or converted	-	-
Forfeited	-	-
Expired	-	-
Outstanding at September 30, 2012	225,119	$	16.08	7.54
Exercisable at September 30, 2012	92,044	$	18.75	4.79

	Stock Options			Restricted Stock Awards
	Number of	Fair-Value		Number of	Fair-Value
	Shares	Price		Shares	Price
Nonvested at December 31, 2011	64,020	$	3.55	9,632	$	13.90
Granted	85,000	3.03		16,240	13.92
Vested	(15,945)	3.94		(3,320)	14.12
Forfeited	-	-		-	-
Nonvested at September 30, 2012	133,075	$	3.17	22,552	$	13.88

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This discussion should be read in conjunction with the unaudited consolidated financial statements, notes and tables included in this report. For further information, refer to the consolidated financial statements and notes included in FedFirst Financial Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011.

Forward-Looking Statements

This report contains certain “forward-looking statements” within the meaning of the federal securities laws. These statements are not historical facts, rather statements based on FedFirst Financial’s current expectations regarding its business strategies, intended results and future performance. Forward-looking statements are preceded by terms such as “expects,” “believes,” “anticipates,” “intends” and similar expressions.

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Management’s ability to predict results or the effect of future plans or strategies is inherently uncertain. Factors which could affect actual results include the following: interest rate trends; the general economic climate in the market area in which FedFirst Financial operates, as well as nationwide; FedFirst Financial’s ability to control costs and expenses; competitive products and pricing; loan delinquency rates and changes in federal and state legislation and regulation. Additional factors that may affect our results are discussed in FedFirst Financial’s Annual Report on Form 10-K under “Item 1A. Risk Factors.” These factors should be considered in evaluating the forward-looking statements and undue reliance should not be placed on such statements. FedFirst Financial assumes no obligation to update any forward-looking statements.

General

FedFirst Financial Corporation is a stock holding company established in 2010 to be the holding company for First Federal Savings Bank. FedFirst Financial’s business activity is the ownership of the outstanding capital stock of First Federal. FedFirst Financial’s wholly owned subsidiaries are First Federal Savings Bank, a federally chartered stock savings bank, and FedFirst Exchange Corporation (“FFEC”). FFEC has an 80% controlling interest in Exchange Underwriters, Inc. Exchange Underwriters, Inc. is a full-service, independent insurance agency that offers property and casualty, commercial liability, surety and other insurance products. All significant intercompany transactions have been eliminated.

First Federal Savings Bank operates as a community-oriented financial institution offering residential, multi-family and commercial mortgages, consumer loans and commercial business loans as well as a variety of deposit products for individuals and businesses from seven locations in southwestern Pennsylvania. First Federal conducts insurance brokerage activities through Exchange Underwriters, Inc.

Our website address is www.firstfederal-savings.com. Information on our website should not be considered a part of this Form 10-Q.

Balance Sheet Analysis

Assets.  Total assets at September 30, 2012 were $321.6 million, a decrease of $13.6 million, or 4.1%, from total assets of $335.3 million at December 31, 2011.

Loans, net, decreased $3.7 million, or 1.5%, to $241.6 million at September 30, 2012 compared to $245.3 million at December 31, 2011 primarily due to decreases of $10.8 million in residential mortgage loans, $3.3 million in commercial business loans, and $2.8 million in multi-family loans, partially offset by increases of $7.0 million in commercial real estate loans and $6.5 million in home equity loans. While the Bank continues to generate growth in commercial real estate loans, payoffs and paydowns of residential real estate loans have been partially offset by home equity loan originations at shorter terms and lower yields.

Securities available-for-sale decreased $3.9 million, or 7.4%, to $48.6 million at September 30, 2012 compared to $52.4 million at December 31, 2011. The decrease was primarily the result of $14.5 million of paydowns and calls, including a $2.0 million call of a GSE security and a $665,000 partial call of a municipal bond. This was partially offset by the purchase of $10.9 million of securities, including $6.1 million in REMICs, $2.7 million in tax exempt municipal bonds, and $2.1 million in mortgage-backed securities. In addition, the securities portfolio reflects an unrealized loss of $220,000 at September 30, 2012 compared to $274,000 at December 31, 2011.

Liabilities.  Total liabilities at September 30, 2012 were $262.8 million, compared to $276.5 million at December 31, 2011, a decrease of $13.7 million, or 5.0%.

Total deposits decreased $1.5 million, or 0.7%, to $220.0 million at September 30, 2012 compared to $221.5 million at December 31, 2011. There was an increase of $3.4 million in noninterest-bearing demand deposits, $2.7 million in interest-bearing demand deposits and $1.9 million in savings accounts. This was partially offset by a $9.7 million decrease in certificates of deposit, primarily due to maturing certificates of deposit. Due to the unprecedented low rate environment, the Bank has been selective on promotional rates and has concentrated its efforts on increasing noninterest-bearing accounts by building strong customer relationships through a diverse product mix.

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Borrowings decreased $11.5 million, or 23.2%, to $37.8 million at September 30, 2012 compared to $49.3 million at December 31, 2011 primarily due to the pay-off of $8.0 million of matured advances and paydowns on amortizing advances.

Stockholders’ Equity.  Stockholders’ equity increased $63,000 to $58.9 million at September 30, 2012 compared to $58.8 million at December 31, 2011. Stockholders’ equity increased primarily due to $1.7 million of net income for the nine months ended September 30, 2012. This was partially offset by $1.6 million in purchases of the Company’s common stock as part of the Company’s stock repurchase program. In addition, there was $312,000 in dividends paid to stockholders.

Results of Operations for the Three Months Ended September 30, 2012 and 2011

Overview.  The Company had net income of $649,000 for the three months ended September 30, 2012, compared to $290,000 for the same period in 2011.

	Three Months Ended
	September 30,
(Dollars in thousands)	2012			2011
Net income of FedFirst Financial Corporation	$	649		$	290
Return on average assets	0.78		%	0.34		%
Return on average equity	4.31			1.89
Average equity to average assets	18.07			17.85

Net Interest Income.  Net interest income for the three months ended September 30, 2012 decreased $56,000, or 2.1%, to $2.6 million compared to $2.7 million for the three months ended September 30, 2011. Paydowns and payoffs of higher yielding loans and securities due to the continued historically low interest rate environment and sales of securities in the prior year resulted in a $404,000 decline in interest income. This was partially offset by interest rate reductions on deposits that resulted in a $238,000 decrease in deposits expense and payoffs on borrowings that resulted in a $110,000 decrease in borrowings expense.

Interest income decreased $404,000, or 10.3%, to $3.5 million for the three months ended September 30, 2012 compared to $3.9 million for the three months ended September 30, 2011 primarily due to decreases of 44 basis points in yield and $3.7 million in average balance on interest-earning assets. Interest income on loans decreased $206,000 due to a decrease of 34 basis points in yield, which was primarily driven by payoffs and paydowns of higher yielding residential real estate and home equity loans that were replaced by originations at lower yields. The average balance on loans remained consistent with the prior year, but the loan composition changed in that a decrease in residential real estate was partially offset by increases in commercial real estate and home equity loans. Interest income on securities decreased $204,000 due to decreases of $14.3 million in average balance and 41 basis points in yield, primarily due to paydowns, calls and sales of higher yielding securities, which were reinvested in lower yielding securities.

Interest expense decreased $348,000, or 29.0%, to $851,000 for the three months ended September 30, 2012 compared to $1.2 million for the three months ended September 30, 2011 due to decreases of 47 basis points in cost and $13.4 million in the average balance of interest-bearing liabilities. Interest expense on deposits decreased $238,000 due to a decrease of 46 basis points in cost, primarily related to the repricing of all deposit products at lower rates with the majority of the benefit derived from money market accounts and maturing certificates of deposit. Interest expense on borrowings decreased $110,000 due to a decrease of $10.7 million in the average balance, as funds generated from deposit growth and security and loan paydowns were used to reduce borrowings.

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Average Balances and Yields. The following table presents information regarding average balances of assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amounts of interest expense on average interest-bearing liabilities, and the resulting average yields and costs. The yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented and are expressed in annualized rates.

	Three Months Ended September 30,
	2012						2011
			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)	$	242,434	$	3,092	5.10	%	$	242,434	$	3,298	5.44	%
Securities (3)(4)	50,960		419		3.29		65,216		603		3.70
Other interest-earning assets	19,936		9		0.18		9,346		3		0.13
Total interest-earning assets	313,330		3,520		4.49		316,996		3,904		4.93
Noninterest-earning assets	19,772						26,610
Total assets	$	333,102					$	343,606
Liabilities and Stockholders’ equity:
Interest-bearing liablities:
Interest-bearing demand deposits	$	17,247	3		0.07	%	$	14,040	9		0.26	%
Savings accounts	24,706		9		0.15		22,930		26		0.45
Money market accounts	63,257		42		0.27		61,743		114		0.74
Certificates of deposit	95,590		403		1.69		104,809		546		2.08
Total interest-bearing deposits	200,800		457		0.91		203,522		695		1.37
Borrowings	42,586		394		3.70		53,251		504		3.79
Total interest-bearing liabilities	243,386		851		1.40		256,773		1,199		1.87
Noninterest-bearing liabilities	29,541						25,497
Total liabilities	272,927						282,270
Stockholders’ equity	60,175						61,336
Total liabilities and stockholders’ equity	$	333,102					$	343,606
Net interest income			$	2,669					$	2,705
Interest rate spread					3.09	%					3.06	%
Net interest margin					3.41						3.41
Average interest-earning assets to average interest-bearing liabilities					128.74	%					123.45	%

(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.

(4) Includes municipal bonds; yield and interest are stated on a taxable equivalent basis

33

Rate/Volume Analysis. The following table sets forth the effects of changing rates and volumes on our net interest income. The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). Changes related to volume/rate are prorated into volume and rate components. The total column represents the net change in volume and rate.

	Three Months Ended September 30, 2012
	Compared To
	Three Months Ended September 30, 2011
	Increase (decrease) due to
(Dollars in thousands)	Volume			Rate			Total
Interest and dividend income:
Loans, net	$	-		$	(206	)	$	(206	)
Securities	(122		)	(62		)	(184		)
Other interest-earning assets	5			1			6
Total interest-earning assets	(117		)	(267		)	(384		)
Interest expense:
Deposits	(7		)	(231		)	(238		)
Borrowings	(98		)	(12		)	(110		)
Total interest-bearing liablities	(105		)	(243		)	(348		)
Change in net interest income	$	(12	)	$	(24	)	$	(36	)

Provision for Loan Losses.  The provision for loan losses was $100,000 for the three months ended September 30, 2012 compared to $325,000 for the three months ended September 30, 2011. The provision decreased primarily due to a decline in charge-offs. Net recoveries were $3,000 for the three months ended September 30, 2012 compared to net charge-offs of $200,000 for the three months ended September 30, 2011.

Noninterest Income.  Noninterest income increased $103,000, or 14.2%, to $830,000 for the three months ended September 30, 2012 compared to $727,000 for the three months ended September 30, 2011 primarily due to an $80,000 increase in insurance commissions. In addition, the death of a former director in the current period resulted in the recognition of $33,000 in income from a bank-owned life insurance policy.

34

Noninterest Expense.  The following table summarizes noninterest expense for the periods indicated.

	Three Months Ended
	September 30,
(Dollars in thousands)	2012		2011
Compensation and employee benefits	$	1,405	$	1,559
Occupancy	291		370
FDIC insurance premiums	50		52
Data processing	142		140
Professional services	137		194
Advertising	47		24
Stationary, printing and supplies	19		23
Telephone	14		13
Postage	29		34
Correspondent bank fees	32		35
Real estate owned expense	9		34
Amortization of intangibles	27		27
All other	177		184
Total noninterest expense	$	2,379	$	2,689

Noninterest expense decreased $310,000, or 11.5%, to $2.4 million for the three months ended September 30, 2012 compared to $2.7 million for the three months ended September 30, 2011. Compensation expense decreased $154,000 primarily due to the termination of the Company’s supplemental executive retirement plan in the fourth quarter of 2011. Occupancy expense decreased $79,000 primarily due to fully depreciated assets and a decrease in rent due to branch consolidation in the prior year. In addition, professional services decreased $57,000 primarily due to costs associated with a branch facilities assessment in the prior period.

Income Tax Expense.  Income tax expense for the three months ended September 30, 2012 increased to $346,000 compared to $133,000 for the three months ended September 30, 2011 primarily due to a $582,000 increase in income before income tax expense.

35

Results of Operations for the Nine months ended September 30, 2012 and 2011

Overview.  The Company had net income of $1.7 million for the nine months ended September 30, 2012 compared to $804,000 for the nine months ended September 30, 2011.

	Nine Months Ended
	September 30,
(Dollars in thousands)	2012			2011
Net income of FedFirst Financial Corporation	$	1,699		$	804
Return on average assets	0.67		%	0.31		%
Return on average equity	3.81			1.78
Average equity to average assets	17.66			17.49

Net Interest Income.  Net interest income for the nine months ended September 30, 2012 decreased $212,000 to $7.7 million compared to $8.0 million for the nine months ended September 30, 2011 primarily due to a decrease of 45 basis points in yield on interest-earning assets. Paydowns and payoffs of higher yielding loans and securities due to the continued historically low interest rate environment and sales of securities in the prior year resulted in a $1.1 million decline in interest income.  This was partially offset by interest rate reductions on deposits that resulted in a $537,000 decrease in deposits expense and payoffs on borrowings that resulted in a $391,000 decrease in borrowings expense.

Interest income decreased $1.1 million, or 9.7%, to $10.6 million for the nine months ended September 30, 2012 compared to $11.7 million for the nine months ended September 30, 2011. Interest income on securities decreased $660,000 due to decreases of $17.8 million in average balance and 27 basis points in yield, primarily due to paydowns, calls and sales of higher yielding securities, which were reinvested in lower yielding securities. Interest income on loans decreased $496,000 due to a decrease of 40 basis points in yield, which was primarily driven by payoffs and paydowns of higher yielding residential real estate and home equity loans that were replaced by originations at lower yields. The decrease in yield on loans was partially offset by a $5.7 million increase in the average balance, primarily in home equity, commercial real estate, and multi-family loans.

Interest expense decreased $928,000, or 24.4%, to $2.9 million for the nine months ended September 30, 2012 compared to $3.8  million for the nine months ended September 30, 2011 due to decreases of 41 basis points in cost and $12.3 million in the average balance of interest-bearing liabilities. Interest expense on deposits decreased $537,000 due to a decrease of 37 basis points in cost, primarily related to the repricing of all deposit products at lower rates with the majority of the benefit derived from money market accounts and maturing certificates of deposit. Interest expense on borrowings decreased $391,000 due to a decrease of $15.0 million in the average balance, as funds generated from deposit growth and security and loan paydowns were used to reduce borrowings.

36

Average Balances and Yields. The following table presents information regarding average balances of assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amounts of interest expense on average interest-bearing liabilities, and the resulting average yields and costs. The yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented and are expressed in annualized rates.

	Nine Months Ended September 30,
	2012						2011
			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)	$	243,852	$	9,292	5.08	%	$	238,184	$	9,788	5.48	%
Securities (3)(4)	51,998		1,350		3.46		69,821		1,953		3.73
Other interest-earning assets	21,409		24		0.15		9,909		8		0.11
Total interest-earning assets	317,259		10,666		4.48		317,914		11,749		4.93
Noninterest-earning assets	19,309						26,174
Total assets	$	336,568					$	344,088
Liabilities and Stockholders’ equity:
Interest-bearing liablities:
Interest-bearing demand deposits	$	16,114	16		0.13	%	$	13,752	26		0.25	%
Savings accounts	23,966		33		0.18		22,457		81		0.48
Money market accounts	62,799		199		0.42		61,432		378		0.82
Certificates of deposit	99,383		1,344		1.80		101,947		1,644		2.15
Total interest-bearing deposits	202,262		1,592		1.05		199,588		2,129		1.42
Borrowings	45,831		1,279		3.72		60,833		1,670		3.66
Total interest-bearing liabilities	248,093		2,871		1.54		260,421		3,799		1.95
Noninterest-bearing liabilities	29,049						23,482
Total liabilities	277,142						283,903
Stockholders’ equity:	59,426						60,185
Total liabilities and stockholders’ equity	$	336,568					$	344,088
Net interest income			$	7,795					$	7,950
Interest rate spread					2.94	%					2.98	%
Net interest margin					3.28						3.33
Average interest-earning assets to average interest-bearing liabilities					127.88	%					122.08	%

(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.

(4) Includes municipal bonds; yield and interest are stated on a taxable equivalent basis

37

Rate/Volume Analysis. The following table sets forth the effects of changing rates and volumes on our net interest income. The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). Changes related to volume/rate are prorated into volume and rate components. The total column represents the net change in volume and rate.

	Nine Months Ended September 30, 2012
	Compared To
	Nine Months Ended September 30, 2011
	Increase (decrease) due to
(Dollars in thousands)	Volume			Rate			Total
Interest and dividend income:
Loans, net	$	232		$	(728	)	$	(496	)
Securities	(470		)	(133		)	(603		)
Other interest-earning assets	12			4			16
Total interest-earning assets	(226		)	(857		)	(1,083		)
Interest expense:
Deposits	24			(561		)	(537		)
Borrowings	(418		)	27			(391		)
Total interest-bearing liablities	(394		)	(534		)	(928		)
Change in net interest income	$	168		$	(323	)	$	(155	)

Provision for Loan Losses.  The provision for loan losses was $310,000 for the nine months ended September 30, 2012 compared to $775,000 for the nine months ended September 30, 2011. In the prior period, adjustments to the qualitative factors used in determining the allowance for loan losses contributed to the larger provision amount. Net charge-offs were $317,000 for the nine months ended September 30, 2012 compared to $480,000 for the nine months ended September 30, 2011.

Noninterest Income.  Noninterest income increased $212,000, or 9.1%, to $2.5 million for the nine months ended September 30, 2012 compared to $2.3 million for the nine months ended September 30, 2011. In the current period, there was an $82,000 increase in insurance commissions and a financed real estate owned property was paid off which resulted in the recognition of $66,000 of income that had previously been deferred. In addition, fees and service charge income increased $43,000 primarily due to changes in the Bank’s fee structure and related customer activity and the death of a former director in the current period resulted in the recognition of $33,000 in income from a bank-owned life insurance policy.

38

Noninterest Expense.  The following table summarizes noninterest expense for the periods indicated.

	Nine Months Ended
	September 30,
(Dollars in thousands)	2012		2011
Compensation and employee benefits	$	4,199	$	4,763
Occupancy	908		1,105
FDIC insurance premiums	162		209
Data processing	412		392
Professional services	536		597
Advertising	121		113
Stationary, printing and supplies	67		73
Telephone	40		38
Postage	93		115
Correspondent bank fees	100		112
Real estate owned expense	20		88
Amortization of intangibles	82		82
All other	560		560
Total noninterest expense	$	7,300	$	8,247

Noninterest expense decreased $947,000, or 11.5%, to $7.3 million for the nine months ended September 30, 2012 compared to $8.2 million for the nine months ended September 30, 2011. Compensation expense decreased $564,000 primarily due to the termination of the Company’s supplemental executive retirement plan in the fourth quarter of 2011 and a decrease in stock-based compensation expense due to the final vesting of restricted stock awards and options. Occupancy expense decreased $197,000 primarily due to fully depreciated assets and a decrease in rent due to a branch consolidation in the prior year. Federal Deposit Insurance Corporation’s insurance premiums decreased $47,000 due to the revised assessment methodology implemented in the second quarter of 2011. Professional services decreased $61,000 primarily due to costs associated with a branch facilities assessment in the prior period. Real estate owned expense decreased $68,000 primarily due to prior period writedowns as a result of property value declines.

Income Tax Expense.  Income tax expense for the nine months ended September 30, 2012 increased to $946,000 compared to $432,000 for the nine months ended September 30, 2011 primarily due to a $1.4 million increase in net income before income tax expense.

Liquidity and Capital Management

Liquidity Management.  Liquidity is the ability to meet current and future financial obligations of a short-term nature. Our primary sources of funds consist of deposit inflows, loan repayments, maturities and sales of available-for-sale securities and borrowings. While maturities and scheduled amortization of loans and securities are predictable sources of funds, deposit flows and mortgage prepayments are greatly influenced by general interest rates, economic conditions and competition.

We regularly adjust our investments in liquid assets based upon our assessment of (1) expected loan demand, (2) expected deposit flows, (3) yields available on interest-earning deposits and securities and (4) the objectives of our asset/liability management policy.

39

Our most liquid assets are cash and cash equivalents and interest-bearing deposits. The levels of these assets depend on our operating, financing, lending and investing activities during any given period. At September 30, 2012, cash and cash equivalents totaled $10.5 million. At September 30, 2012, securities classified as available-for-sale totaled $48.6 million, which provides an additional source of liquidity. In addition, at September 30, 2012, the maximum remaining borrowing capacity at the FHLB of Pittsburgh was approximately $133.9 million. We also have the ability to borrow from the Federal Reserve based upon eligible collateral and have two unsecured discretionary lines of credit totaling $13.0 million. At September 30, 2012 and December 31, 2011, the Bank had no borrowings with the Federal Reserve and had not taken any advances on the line of credits.

Certificates of deposit due within one year of September 30, 2012 totaled $42.4 million, or 45.0% of certificates of deposit. If these maturing deposits do not remain with us, we will be required to seek other sources of funds including other certificates of deposit and borrowings. We believe, however, based on past experience that a significant portion of our maturing certificates of deposit will remain with us. We have the ability to attract and retain deposits by adjusting the interest rates offered.

The following table summarizes the Company’s commitments at the date indicated.

	September 30,
(Dollars in thousands)		2012
Loans in process		$	4,695
Unused consumer revolving lines of credit		4,380
Unused commercial lines of credit		8,079
Commitments to originate one-to four- family residential loans		491
Commitments to originate consumer loans		2,372
Commitments to originate commercial loans		1,125
Total commitments outstanding		$	21,142

Capital Management.  The Bank is subject to various regulatory capital requirements administered by the OCC, including a risk-based capital measure. The risk-based capital guidelines include both a definition of capital and a framework for calculating risk-weighted assets by assigning balance sheet assets and off-balance sheet items to broad risk categories. At September 30, 2012, we exceeded all of our regulatory capital requirements and are considered “well capitalized” under regulatory guidelines. The following table sets forth the Bank’s regulatory capital amounts and ratios, as well as the minimum amounts and ratios required to be well capitalized (dollars in thousands).

							To Be Well
				For Capital			Capitalized
				Adequacy			Under Prompt
	Actual			Purposes			Corrective Action
September 30, 2012	Amount		Ratio	Amount		Ratio	Amount		Ratio
Total capital (to risk weighted assets)	$	49,802	26.01  %	$	15,316	8.00  %	$	19,145	10.00  %
Tier 1 capital (to risk weighted assets)	47,400		24.76	7,658		4.00	11,487		6.00
Tier 1 capital (to adjusted total assets)	47,400		14.80	12,812		4.00	16,016		5.00
Tangible capital (to tangible assets)	47,400		14.80	4,805		1.50	N/A		N/A
December 31, 2011	Amount		Ratio	Amount		Ratio	Amount		Ratio
Total capital (to risk weighted assets)	$	47,771	25.30  %	$	15,107	8.00  %	$	18,884	10.00  %
Tier 1 capital (to risk weighted assets)	45,401		24.04	7,553		4.00	11,330		6.00
Tier 1 capital (to adjusted total assets)	45,401		13.59	13,360		4.00	16,700		5.00
Tangible capital (to tangible assets)	45,401		13.59	5,010		1.50	N/A		N/A

40

Off-Balance Sheet Arrangements.  In the normal course of operations, we engage in a variety of financial transactions that, in accordance with generally accepted accounting principles, are not recorded in our financial statements. These transactions involve, to varying degrees, elements of credit, interest rate and liquidity risk. Such transactions are used primarily to manage customers’ requests for funding and take the form of loan commitments and lines of credit.

For the nine months ended September 30, 2012, we engaged in no off-balance sheet transactions reasonably likely to have a material effect on our financial condition, results of operations or cash flows.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

Not applicable as the registrant is a smaller reporting company.

Item 4.  Controls and Procedures.

FedFirst Financial’s management, including FedFirst Financial’s principal executive officer and principal financial officer, have evaluated the effectiveness of FedFirst Financial’s “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based upon their evaluation, the principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, FedFirst Financial’s disclosure controls and procedures were effective for the purpose of ensuring that the information required to be disclosed in the reports that FedFirst Financial files or submits under the Exchange Act with the Securities and Exchange Commission (the “SEC”) (1) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated and communicated to FedFirst Financial’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

There has been no change in FedFirst Financial’s internal control over financial reporting during the quarter ended September 30, 2012, that has materially affected, or is reasonably likely to materially affect, FedFirst Financial’s internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.  Legal Proceedings.

Periodically, there have been various claims and lawsuits against us, such as claims to enforce liens, condemnation proceedings on properties in which we hold security interests, claims involving the making and servicing of real property loans and other issues incident to our business. We are not a party to any pending legal proceedings that we believe would have a material adverse effect on our financial condition, results of operations or cash flows.

Item 1A.  Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the factors discussed in “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011, which could materially affect our business, financial condition or future results.  The risks described in our Annual Report on Form 10-K are not the only risks that we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.

41

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

The Company made the following purchases of its common stock during the nine months ended September 30, 2012. Based upon state of incorporation, shares of common stock are retired upon purchase.

						Total Number of Shares		Maximum Number of
						Purchased as Part of the		Shares That May Yet Be
	Total Number of		Average Price Paid per			Publicly Announced		Purchased Under the
Period	Shares Purchased (1)		Share			Program		Program
July 1-31, 2012		64		$	14.38		-		37,500
August 1-31, 2012		14,378		14.99			14,000		23,500
September 1-30, 2012		15,000		15.28			15,000		8,500
Total		29,442		15.14			29,000

(1)On September 28, 2011, the Company announced that the board of directors had approved a program allowing the Company to repurchase up to 150,000 shares of the Company’s outstanding common stock, which was approximately 5% of outstanding shares.. As of September 30, 2012, 141,500 shares of the Company’s common stock had been repurchased under this program. The Company completed the repurchase program in October 2012.

In July and August 2012, the Company purchased 442 shares that were not made pursuant to a publicly announced program. It was the Company’s obligation to purchase shares from participants in the Company’s Equity Incentive Plan to cover income taxes on vested shares.

Item 3.  Defaults Upon Senior Securities.

Not applicable.

Item 4.  Mine Safety Disclosures

Not applicable.

Item 5.  Other Information.

None.

Item 6.  Exhibits.

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 Jamie L. Prah pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.0*	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Statements of Financial Condition, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Changes in Stockholders’ Equity, (iv) the Consolidated Statements of Comprehensive Income, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to the Unaudited Consolidated Financial Statements
	* Furnished, not filed.

42

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FEDFIRST FINANCIAL CORPORATION
	(Registrant)
Date:    November 8, 2012	/s/ Patrick G. O’Brien
	Patrick G. O’Brien
	President and Chief Executive Officer
Date:    November 8, 2012	/s/ Jamie L. Prah
	Jamie L. Prah
	Senior Vice President and Chief Financial Officer
	(Principal Financial Officer and Chief Accounting Officer)

43

EX-31.1

EXHIBIT 31.1

RULE 13a-14(a)/15d-14(a)

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Patrick G. O’Brien, President, Chief Executive Officer and Director of FedFirst Financial Corporation, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 of FedFirst Financial Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date:	November 8, 2012		/s/ Patrick G. O’Brien
			Patrick G. O’Brien
			President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

RULE 13a-14(a)/15d-14(a)

CHIEF FINANCIAL OFFICER CERTIFICATION

I, Jamie L. Prah, Senior Vice President and Chief Financial Officer of FedFirst Financial Corporation, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 of FedFirst Financial Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date:	November 8, 2012		/s/ Jamie L. Prah
			Jamie L. Prah
			Senior Vice President and   Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of FedFirst Financial Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Patrick G. O’Brien, the President, Chief Executive Officer and Director of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date:	November 8, 2012		/s/ Patrick G. O’Brien
			Patrick G. O’Brien
			President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of FedFirst Financial Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jamie L. Prah, the Senior Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company
Date:	November 8, 2012		/s/ Jamie L. Prah
			Jamie L. Prah
			Senior Vice President and Chief Financial Officer

XML

Loans (Schedule of Nonperforming Assets) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,723	$ 2,145
Total nonaccrual loan and accruing loans past due 90 days or more	2,723	2,145
Real estate owned	196	544
Total nonperforming assets	2,919	2,689
Troubled debt restructurings: In nonaccrual status	1,509	465
Troubled debt restructurings: Performing under modified terms	1,502	1,565
Troubled debt restructurings	3,011	2,030
Total nonperforming loans to total loans	1.09%	0.84%
Total nonperforming assets to total assets	0.91%	0.80%
Financing Receivable, Nonaccrual, Number of Contracts	12	13
Total nonaccrual loans and accruing loans past due 90 days or more, Number of Contracts	12	13
Real estate owned, number of contracts	2	8
Total nonperforming assets, number of contracts	14	21
Troubled debt restructurings, in nonaccrual status, number of contracts	3	2
Troubled debt restructurings, performing under modified terms, number of contracts	6	6
Troubled debt restructurings, number of contracts	9	8
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,287	1,544
Financing Receivable, Nonaccrual, Number of Contracts	9	9
One-to four-family residential [Member] | Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,322	128
Financing Receivable, Nonaccrual, Number of Contracts	4	1
One-to four-family residential [Member] | Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	965	1,416
Financing Receivable, Nonaccrual, Number of Contracts	5	8
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	432	568
Financing Receivable, Nonaccrual, Number of Contracts	2	3
Total real estate-mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,719	2,112
Financing Receivable, Nonaccrual, Number of Contracts	11	12
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status		33
Financing Receivable, Nonaccrual, Number of Contracts		1
Other consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	4
Financing Receivable, Nonaccrual, Number of Contracts	1
Total consumer[Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 4	$ 33
Financing Receivable, Nonaccrual, Number of Contracts	1	1

XML

Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Fair Value Measurements by Fair Value Hierarchy for Assets Measured on a Nonrecurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, Carrying Value	$ 3,638	$ 3,539
Real estate owned, Carrying Value	196	544
Total assets measured at fair value on a recurring basis, Carrying Value	321,625	335,274
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, Carrying Value	3,638	3,539
Real estate owned, Carrying Value	196	544
Total assets measured at fair value on a recurring basis, Carrying Value	3,834	4,083
Impaired loans, Fair Value	3,438	3,369
Real estate owned, Fair Value	196	544
Total assets measured at fair value on a nonrecurring basis, Fair Value	$ 3,634	$ 3,913

XML

Earnings Per Share (Schedule of Basic and Diluted Earnings Per Share) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share [Abstract]
Net income of FedFirst Financial Corporation	$ 649	$ 649	$ 290	$ 290	$ 1,699	$ 804
Weighted-average shares outstanding: Basic	2,867,983	2,867,983	2,912,853	2,912,853	2,836,388	2,909,045
Weighted-average shares outstanding: Effect of dilutive stock options and restrictive stock awards		3,330		9,199	3,189	8,967
Weighted-average shares outstanding: Diluted	2,871,313	2,871,313	2,922,052	2,922,052	2,839,577	2,918,012
Earnings Per Share: Basic and diluted	$ 0.23	$ 0.23	$ 0.10	$ 0.10	$ 0.60	$ 0.28

XML

Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 10,517	$ 14,571	$ 9,690	$ 9,320
Securities available-for-sale	48,582	52,448
Loans, net	241,582	245,277
FHLB stock	4,358	5,340
Accrued interest receivable	1,110	1,244
Deposits	220,031	221,540
Borrowings	37,833	49,289
Accrued interest payable	291	430
Cash and Cash Equivalents, Fair Value Disclosure	10,517	14,571
Available-for-sale Securities, Fair Value Disclosure	48,582	52,448
Loans Receivable, Fair Value Disclosure	255,450	256,446
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	4,358	5,340
Interest Receivable, Fair Value Disclosure	1,110	1,244
Deposits, Fair Value Disclosure	222,179	224,371
Borrowings, Fair Value Disclosure	39,954	52,179
Interest Payable, Fair Value Disclosure	291	430
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	10,517
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	4,358
Interest Receivable, Fair Value Disclosure	1,110
Deposits, Fair Value Disclosure	125,778
Interest Payable, Fair Value Disclosure	291
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	46,657	50,962
Available-for-sale Securities, Fair Value Disclosure	46,657
Loans Receivable, Fair Value Disclosure	3,438
Deposits, Fair Value Disclosure	96,401
Borrowings, Fair Value Disclosure	39,954
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	1,925	1,486
Available-for-sale Securities, Fair Value Disclosure	1,925
Loans Receivable, Fair Value Disclosure	$ 252,012

XML

Borrowings (Schedule of Debt) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Borrowings [Abstract]
Maximum amount outstanding at any month end during the period	$ 48,873	$ 72,864
Average borrowings outstanding during the period	$ 45,831	$ 58,150
Weighted average rate during the period	3.72%	3.69%

XML

Securities (Investments Classified by Contractual Maturity Date) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Securities [Abstract]
Amortized Cost: Due in one year or less	$ 700
Amortized Cost: Due from one to five years	2,023
Amortized Cost: Due from five to ten years	8,487
Amortized Cost: Due after ten years	37,588
Amortized Cost: No scheduled maturity	4
Amortized Cost: Total	48,802
Fair Value: Due in one year or less	715
Fair Value: Due from one to five years	2,362
Fair Value: Due from five to ten years	8,762
Fair Value: Due after ten years	36,739
Fair Value: No scheduled maturity	4
Fair Value: Total	$ 48,582	$ 52,448

XML

Other Comprehensive Income (Loss) (Schedule of Other Comprehensive Income (Loss) and the Related Tax Effects) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other Comprehensive Income (Loss) [Abstract]
Other comprehensive income (loss): Unrealized gain (loss) on securities available-for-sale, before tax		$ 224		$ (615)	$ 54	$ 805
Other comprehensive income (loss): Unrealized gain (loss) on securities available-for-sale, tax		88		(241)	21	316
Other comprehensive income (loss): Unrealized gain (loss) on securities available-for-sale, net of income tax expense (benefit)	136	136	(374)	(374)	33	489
Other comprehensive income (loss): Reclassification adjustment on sales of securities available-for-sale, before Tax						(58)
Other comprehensive income (loss): Reclassification adjustment on sales of securities available-for-sale, Tax						(23)
Other comprehensive income (loss): Reclassification adjustment on sales of securities available-for-sale, net of income tax benefit						(35)
Other comprehensive income						747
Other Comprehensive Income (Loss), Tax					21	293
Other comprehensive income (loss), net of tax	$ 136		$ (374)		$ 33	$ 454

XML

Borrowings (Tables)

9 Months Ended

Sep. 30, 2012

Borrowings [Abstract]

Schedule of Maturities of Short and Long-term Debt [Table Text Block]

	September 30, 2012					December 31, 2011
				Weighted					Weighted
				Average					Average
(Dollars in thousands)	Balance			Rate		Balance			Rate
Due in one year or less	$	3,318		3.74	%	$	8,406		4.15	%
Due in one to two years		18,000		3.60			11,497		3.68
Due in two to three years		17,000		3.56			18,000		3.41
Due in three to four years		-		-			12,000		3.82
Advances	$	38,318				$	49,903
Less: deferred premium on modification		(485	)				(614	)
Total advances	$	37,833		3.59	%	$	49,289		3.69	%

Schedule of Debt [Table Text Block]

	Nine Months	Year
	Ended	Ended
	September 30,	December 31,
(Dollars in thousands)	2012	2011
Maximum amount outstanding at any month end during the period	$         48,873	$         72,864
Average amounts outstanding during the period	45,831	58,150
Weighted average rate during the period	3.72%	3.69%

XML

Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Fair Value Measurements by Fair Value Hierarchy for Assets Measured on a Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 48,582	$ 52,448
Total assets measured at fair value on a recurring basis	48,582	52,448
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	46,657	50,962
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	1,925	1,486
Government-Sponsored Enterprises [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale		2,003
Government-Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale		2,003
Municipal bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	9,226	7,125
Municipal bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	9,226	7,125
Mortgage-backed [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	14,841	17,544
Mortgage-backed [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	14,841	17,512
Mortgage-backed [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale		32
REMICs [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	22,586	24,318
REMICs [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	22,586	24,318
Equities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	4	4
Equities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	4	4
Corporate debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	1,925	1,454
Corporate debt [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 1,925	$ 1,454

XML

Loans (Schedule of Allowance for Loan Losses) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended					3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended					3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended			3 Months Ended	9 Months Ended				3 Months Ended	9 Months Ended				3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended			3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Sep. 30, 2012 One-to four-family residential [Member]	Dec. 31, 2011 One-to four-family residential [Member]	Sep. 30, 2012 One-to four-family residential [Member] Originated [Member]	Sep. 30, 2011 One-to four-family residential [Member] Originated [Member]	Sep. 30, 2012 One-to four-family residential [Member] Originated [Member]	Sep. 30, 2011 One-to four-family residential [Member] Originated [Member]	Dec. 31, 2011 One-to four-family residential [Member] Originated [Member]	Sep. 30, 2012 One-to four-family residential [Member] Purchased [Member]	Sep. 30, 2011 One-to four-family residential [Member] Purchased [Member]	Sep. 30, 2012 One-to four-family residential [Member] Purchased [Member]	Sep. 30, 2011 One-to four-family residential [Member] Purchased [Member]	Dec. 31, 2011 One-to four-family residential [Member] Purchased [Member]	Sep. 30, 2012 Multi-family residential [Member]	Dec. 31, 2011 Multi-family residential [Member]	Sep. 30, 2012 Multi-family residential [Member] Originated [Member]	Sep. 30, 2011 Multi-family residential [Member] Originated [Member]	Sep. 30, 2012 Multi-family residential [Member] Originated [Member]	Sep. 30, 2011 Multi-family residential [Member] Originated [Member]	Dec. 31, 2011 Multi-family residential [Member] Originated [Member]	Sep. 30, 2012 Multi-family residential [Member] Purchased [Member]	Sep. 30, 2011 Multi-family residential [Member] Purchased [Member]	Sep. 30, 2012 Multi-family residential [Member] Purchased [Member]	Sep. 30, 2011 Multi-family residential [Member] Purchased [Member]	Dec. 31, 2011 Multi-family residential [Member] Purchased [Member]	Sep. 30, 2012 Commercial real estate [Member]	Sep. 30, 2011 Commercial real estate [Member]	Sep. 30, 2012 Commercial real estate [Member]	Sep. 30, 2011 Commercial real estate [Member]	Dec. 31, 2011 Commercial real estate [Member]	Sep. 30, 2011 Real estate-construction residential [Member]	Sep. 30, 2012 Real estate-construction residential [Member]	Sep. 30, 2011 Real estate-construction residential [Member]	Jun. 30, 2012 Real estate-construction residential [Member]	Dec. 31, 2011 Real estate-construction residential [Member]	Sep. 30, 2011 Real estate-construction commercial [Member]	Sep. 30, 2012 Real estate-construction commercial [Member]	Sep. 30, 2011 Real estate-construction commercial [Member]	Jun. 30, 2012 Real estate-construction commercial [Member]	Dec. 31, 2011 Real estate-construction commercial [Member]	Sep. 30, 2012 Home equity Loan-to-Value Ratio of 80% Or Less [Member]	Sep. 30, 2011 Home equity Loan-to-Value Ratio of 80% Or Less [Member]	Sep. 30, 2012 Home equity Loan-to-Value Ratio of 80% Or Less [Member]	Sep. 30, 2011 Home equity Loan-to-Value Ratio of 80% Or Less [Member]	Dec. 31, 2011 Home equity Loan-to-Value Ratio of 80% Or Less [Member]	Sep. 30, 2012 Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]	Sep. 30, 2011 Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]	Sep. 30, 2012 Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]	Sep. 30, 2011 Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]	Dec. 31, 2011 Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]	Sep. 30, 2012 Other consumer [Member]	Sep. 30, 2011 Other consumer [Member]	Sep. 30, 2012 Other consumer [Member]	Sep. 30, 2011 Other consumer [Member]	Dec. 31, 2011 Other consumer [Member]	Sep. 30, 2012 Commercial business [Member]	Sep. 30, 2011 Commercial business [Member]	Sep. 30, 2012 Commercial business [Member]	Sep. 30, 2011 Commercial business [Member]	Dec. 31, 2011 Commercial business [Member]	Sep. 30, 2012 Unallocated [Member]	Sep. 30, 2011 Unallocated [Member]	Sep. 30, 2012 Unallocated [Member]	Sep. 30, 2011 Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loan Balance	$ 248,769	$ 254,986	$ 248,769	$ 254,986	$ 255,432	$ 123,123	$ 133,926	$ 111,780	$ 120,975	$ 111,780	$ 120,975	$ 117,622	$ 11,343	$ 16,930	$ 11,343	$ 16,930	$ 16,304	$ 15,464	$ 18,243	$ 11,207	$ 13,237	$ 11,207	$ 13,237	$ 13,122	$ 4,257	$ 5,156	$ 4,257	$ 5,156	$ 5,121	$ 42,328	$ 34,252	$ 42,328	$ 34,252	$ 35,307	$ 6,078	$ 3,476	$ 6,078		$ 3,874	$ 5,175	$ 5,795	$ 5,175		$ 8,308	$ 36,903	$ 29,402	$ 36,903	$ 29,402	$ 30,679	$ 8,053	$ 8,005	$ 8,053	$ 8,005	$ 7,758	$ 1,432	$ 1,887	$ 1,432	$ 1,887	$ 1,892	$ 12,195	$ 13,889	$ 12,195	$ 13,889	$ 15,445
Allowance for loan losses:	2,988	2,994	3,098	2,824				497	553	534	558		526	392	465	433				36	28	39	12		122	126	124	127		788	895	858	804		11	6	10	5		1	12	1	9		414	370	379	294		263	279	267	292		17	25	24	26		172	198	242	171		139	116	148	96
Charge-offs	1	200	322	482						115				136	109	411																33																			64	49	64		1		1	7				15
Recoveries	4		5	2				2		2						1														1		1																		1		2						1
Provision	100	325	310	775				(4)	(17)	74	(22)		64	186	234	419				(2)	12	(5)	28		(19)	(1)	(21)	(2)		55	(24)	18	67		(2)	(1)	(1)			7	(3)	7			(1)	16	34	92		(1)	60	43	47		1	(1)	(6)	4		22	57	(33)	84		(15)	32	(24)	52
Allowance for loan losses:	3,091	3,119	3,091	3,119				495	536	495	536		590	442	590	442				34	40	34	40		103	125	103	125		844	871	844	871		9	5	9	5		8	9	8	9		413	386	413	386		263	275	263	275		17	24	17	24		194	255	194	255		124	148	124	148
Individually evaluated for impairment	200	245	200	245									200		200																193		193													9		9													43		43
Collectively evaluated on historical loss experience	696	753	696	753				146	160	146	160		170	215	170	215									65	79	65	79		109	58	109	58												82	101	82	101		110	120	110	120		12	18	12	18		2	2	2	2
Collectively evaluated on qualitative factors			2,071	1,973						349	376				220	227						34	40				38	46				735	620			5	9				9	8					331	276				153	155				5	6				192	210
Unallocated	124	148	124	148																																																													124	148	124	148
Total allowance for loan losses	$ 3,091	$ 3,119	$ 3,091	$ 3,119	$ 3,098			$ 495	$ 536	$ 495	$ 536		$ 590	$ 442	$ 590	$ 442				$ 34	$ 40	$ 34	$ 40		$ 103	$ 125	$ 103	$ 125		$ 844	$ 871	$ 844	$ 871		$ 9	$ 5	$ 9			$ 8	$ 9	$ 8			$ 413	$ 386	$ 413	$ 386		$ 263	$ 275	$ 263	$ 275		$ 17	$ 24	$ 17	$ 24		$ 194	$ 255	$ 194	$ 255		$ 124	$ 148	$ 124	$ 148
Percent of Allowance	100.00%	100.00%	100.00%	100.00%				16.00%	17.20%	16.00%	17.20%		19.10%	14.20%	19.10%	14.20%				1.10%	1.30%	1.10%	1.30%		3.30%	4.00%	3.30%	4.00%		27.30%	27.90%	27.30%	27.90%		0.30%	0.20%	0.30%			0.30%	0.30%	0.30%			13.40%	12.40%	13.40%	12.40%		8.50%	8.80%	8.50%	8.80%		0.50%	0.80%	0.50%	0.80%		6.30%	8.20%	6.30%	8.20%		4.00%	4.60%	4.00%	4.60%
Percent of Loans	100.00%	100.00%	100.00%	100.00%	100.00%	49.50%	52.40%	44.90%	47.50%	44.90%	47.50%	46.00%	4.60%	6.60%	4.60%	6.60%	6.40%	6.20%	7.10%	4.50%	5.20%	4.50%	5.20%	5.10%	1.70%	2.00%	1.70%	2.00%	2.00%	17.00%	13.40%	17.00%	13.40%	13.80%	2.40%	1.40%	2.40%		1.50%	2.00%	2.30%	2.00%		3.30%	14.90%	11.50%	14.90%	11.50%	12.00%	3.20%	3.20%	3.20%	3.20%	3.10%	0.60%	0.70%	0.60%	0.70%	0.70%	4.90%	5.50%	4.90%	5.50%	6.10%

XML

Loans (Schedule of Loan Portfolio Composition) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 248,769	$ 255,432	$ 254,986
Net premiums on loans purchased	109	127
Net deferred loan costs	490	606
Loans in process	(4,695)	(7,790)
Allowance for loan losses	(3,091)	(3,098)	(3,119)
Loans, net	241,582	245,277
Loans Receivable, Percentage of Total Loans	100.00%	100.00%	100.00%
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	123,123	133,926
Loans Receivable, Percentage of Total Loans	49.50%	52.40%
One-to four-family residential [Member] | Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	111,780	117,622	120,975
Allowance for loan losses	(495)		(536)
Loans Receivable, Percentage of Total Loans	44.90%	46.00%	47.50%
One-to four-family residential [Member] | Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	11,343	16,304	16,930
Allowance for loan losses	(590)		(442)
Loans Receivable, Percentage of Total Loans	4.60%	6.40%	6.60%
Multi-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	15,464	18,243
Loans Receivable, Percentage of Total Loans	6.20%	7.10%
Multi-family residential [Member] | Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	11,207	13,122	13,237
Allowance for loan losses	(34)		(40)
Loans Receivable, Percentage of Total Loans	4.50%	5.10%	5.20%
Multi-family residential [Member] | Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	4,257	5,121	5,156
Allowance for loan losses	(103)		(125)
Loans Receivable, Percentage of Total Loans	1.70%	2.00%	2.00%
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	42,328	35,307	34,252
Allowance for loan losses	(844)		(871)
Loans Receivable, Percentage of Total Loans	17.00%	13.80%	13.40%
Total real estate-mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	180,915	187,476
Loans Receivable, Percentage of Total Loans	72.70%	73.30%
Real estate-construction residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	3,476	3,874	6,078
Allowance for loan losses	(5)		(9)
Loans Receivable, Percentage of Total Loans	1.40%	1.50%	2.40%
Real estate-construction commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	5,795	8,308	5,175
Allowance for loan losses	(9)		(8)
Loans Receivable, Percentage of Total Loans	2.30%	3.30%	2.00%
Total real estate-construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	9,271	12,182
Loans Receivable, Percentage of Total Loans	3.70%	4.80%
Home equity Loan-to-Value Ratio of 80% Or Less [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	36,903	30,679	29,402
Allowance for loan losses	(413)		(386)
Loans Receivable, Percentage of Total Loans	14.90%	12.00%	11.50%
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	8,053	7,758	8,005
Allowance for loan losses	(263)		(275)
Loans Receivable, Percentage of Total Loans	3.20%	3.10%	3.20%
Total home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	44,956	38,437
Loans Receivable, Percentage of Total Loans	18.10%	15.10%
Other consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	1,432	1,892	1,887
Allowance for loan losses	(17)		(24)
Loans Receivable, Percentage of Total Loans	0.60%	0.70%	0.70%
Total consumer[Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	46,388	40,329
Loans Receivable, Percentage of Total Loans	18.70%	15.80%
Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	12,195	15,445	13,889
Allowance for loan losses	$ (194)		$ (255)
Loans Receivable, Percentage of Total Loans	4.90%	6.10%	5.50%

XML

Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Total Unrealized (Losses) Gains Related to Assets Still Held at Period End) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Fair Value Measurements and Fair Values of Financial Instruments [Abstract]
The amount of total unrealized (losses) gains for the period included in earnings (or changes in net assets) attributable to the change in unrealized (losses) gains relating to assets still held at period end	$ 471	$ 214

XML

Borrowings (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Borrowings [Abstract]
Borrowings	$ 37,833,000	$ 49,289,000
Advances from Federal Home Loan Banks	35,300,000	46,900,000
Repurchase Agreements	$ 3,000,000	$ 3,000,000

XML

Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements of Cash Flows
Interest Credited to Deposit Accounts	$ 1,688	$ 2,204

XML

Loans (Schedule of the Loan Portfolio Summarized by Credit Risk) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Loans and Leases Receivable, Gross	$ 248,769	$ 255,432	$ 254,986
Pass [Member]
Loans and Leases Receivable, Gross	242,463	249,161
Special Mention [Member]
Loans and Leases Receivable, Gross	1,901	338
Substandard [Member]
Loans and Leases Receivable, Gross	4,405	3,933
One-to four-family residential [Member]
Loans and Leases Receivable, Gross	123,123	133,926
One-to four-family residential [Member] | Originated [Member]
Loans and Leases Receivable, Gross	111,780	117,622	120,975
One-to four-family residential [Member] | Originated [Member] | Pass [Member]
Loans and Leases Receivable, Gross	110,199	117,232
One-to four-family residential [Member] | Originated [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	259	262
One-to four-family residential [Member] | Originated [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	1,322	128
One-to four-family residential [Member] | Purchased [Member]
Loans and Leases Receivable, Gross	11,343	16,304	16,930
One-to four-family residential [Member] | Purchased [Member] | Pass [Member]
Loans and Leases Receivable, Gross	10,378	14,888
One-to four-family residential [Member] | Purchased [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	965	1,416
Multi-family residential [Member]
Loans and Leases Receivable, Gross	15,464	18,243
Multi-family residential [Member] | Originated [Member]
Loans and Leases Receivable, Gross	11,207	13,122	13,237
Multi-family residential [Member] | Originated [Member] | Pass [Member]
Loans and Leases Receivable, Gross	11,207	13,122
Multi-family residential [Member] | Purchased [Member]
Loans and Leases Receivable, Gross	4,257	5,121	5,156
Multi-family residential [Member] | Purchased [Member] | Pass [Member]
Loans and Leases Receivable, Gross	4,257	5,121
Commercial real estate [Member]
Loans and Leases Receivable, Gross	42,328	35,307	34,252
Commercial real estate [Member] | Pass [Member]
Loans and Leases Receivable, Gross	38,783	31,026
Commercial real estate [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	1,577	2,076
Commercial real estate [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	1,968	2,205
Real estate-construction residential [Member]
Loans and Leases Receivable, Gross	3,476	3,874	6,078
Real estate-construction residential [Member] | Pass [Member]
Loans and Leases Receivable, Gross	3,476	3,874
Real estate-construction commercial [Member]
Loans and Leases Receivable, Gross	5,795	8,308	5,175
Real estate-construction commercial [Member] | Pass [Member]
Loans and Leases Receivable, Gross	5,795	8,308
Home equity Loan-to-Value Ratio of 80% Or Less [Member]
Loans and Leases Receivable, Gross	36,903	30,679	29,402
Home equity Loan-to-Value Ratio of 80% Or Less [Member] | Pass [Member]
Loans and Leases Receivable, Gross	36,766	30,539
Home equity Loan-to-Value Ratio of 80% Or Less [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	137	140
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]
Loans and Leases Receivable, Gross	8,053	7,758	8,005
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member] | Pass [Member]
Loans and Leases Receivable, Gross	8,053	7,725
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member] | Substandard [Member]
Loans and Leases Receivable, Gross		33
Other consumer [Member]
Loans and Leases Receivable, Gross	1,432	1,892	1,887
Other consumer [Member] | Pass [Member]
Loans and Leases Receivable, Gross	1,419	1,881
Other consumer [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	13	11
Commercial business [Member]
Loans and Leases Receivable, Gross	12,195	15,445	13,889
Commercial business [Member] | Pass [Member]
Loans and Leases Receivable, Gross	12,130	15,445
Commercial business [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	$ 65

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Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2012

Other Comprehensive Income (Loss) [Abstract]

Schedule of Other Comprehensive Income (Loss) and the Related Tax Effects [Table Text Block]

		Before		Income		Net of
		Income Tax		Tax		Income
Three months ended September 30, 2012		Expense		Expense		Tax
Other comprehensive income:
	Unrealized gain on securities available-for-sale		$      224		$        88		$       136
		Before		Income		Net of
		Income Tax		Tax		Income
Three months ended September 30, 2011		Expense		Expense		Tax
Other comprehensive income:
	Unrealized gain on securities available-for-sale,		$    (615)		$    (241)		$    (374)
		Before		Income		Net of
		Income Tax		Tax		Income
Nine months ended September 30, 2012		Benefit		Benefit		Tax
Other comprehensive loss:
	Unrealized loss on securities available-for-sale,		$    54		$      21		$    33
		Before Income		Income Tax		Net of
		Tax Expense		Expense or		Income
Nine months ended September 30, 2011		or (Benefit)		(Benefit)		Tax
Other comprehensive income (loss):
	Unrealized gain on securities available-for-sale		$     805		$      316		$      489
	Reclassification adjustment on sales of securities available-for-sale		(58)		(23)		(35)
Other comprehensive income			$     747		$      293		$      454

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Subsidiary/Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Subsidiary/Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Following is a table of selected financial data for the Company's subsidiaries and consolidated results for the dates indicated (dollars in thousands).

	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations		Consolidated
September 30, 2012
Assets		$321,561		$       829		$  58,832		$(59,597)		$321,625
Liabilities		273,090		223		22		(10,574)		262,761
Stockholders' equity		48,471		606		58,810		(49,023)		58,864
December 31, 2011
Assets		$335,151		$    1,041		$  58,787		$(59,705)		$335,274
Liabilities		288,645		506		26		(12,704)		276,473
Stockholders' equity		46,506		535		58,761		(47,001)		58,801
Three Months Ended September 30, 2012
Total interest income		$    3,500		$          -		$         23		$       (23)		$    3,500
Total interest expense		874		-		-		(23)		851
Net interest income		2,626		-		23		-		2,649
Provision for loan losses		100		-		-		-		100
Net interest income after provision for loan losses		2,526		-		23		-		2,549
Noninterest income		268		562		-		-		830
Noninterest expense		1,812		515		52		-		2,379
Undistributed net gain of subsidiary		26		-		668		(694)		-
Income before income tax expense (benefit) and noncontrolling
interest in net income of consolidated subsidiary		1,008		47		639		(694)		1,000
Income tax expense (benefit)		335		21		(10)		-		346
Net income before noncontrolling interest in net
income of consolidated subsidiary		673		26		649		(694)		654
Less: Noncontrolling interest in net income of
consolidated subsidiary		5		-		-		-		5
Net income of FedFirst Financial Corporation		$       668		$         26		$       649		$     (694)		$       649
Nine Months Ended September 30, 2012
Total interest income		$  10,608		$           1		$         70		$       (70)		$  10,609
Total interest expense		2,941		-		-		(70)		2,871
Net interest income		7,667		1		70		-		7,738
Provision for loan losses		310		-		-		-		310
Net interest income after provision for loan losses		7,357		1		70		-		7,428
Noninterest income		796		1,747		-		-		2,543
Noninterest expense		5,529		1,510		261		-		7,300
Undistributed net gain of subsidiary		132		-		1,825		(1,957)		-
Income before income tax expense (benefit) and
noncontrolling interest in net income of consolidated subsidiary		2,756		238		1,634		(1,957)		2,671
Income tax expense (benefit)		905		106		(65)		-		946
Net income before noncontrolling interest in net
income of consolidated subsidiary		1,851		132		1,699		(1,957)		1,725
Less: Noncontrolling interest in net income of
consolidated subsidiary		26		-		-		-		26
Net income of FedFirst Financial Corporation		$    1,825		$       132		$    1,699		$  (1,957)		$    1,699

(Dollars in thousands)	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations		Consolidated
Three Months Ended September 30, 2011
Total interest income		$    3,903		$           1		$         26		$       (26)		$    3,904
Total interest expense		1,225		-		-		(26)		1,199
Net interest income		2,678		1		26		-		2,705
Provision for loan losses		325		-		-		-		325
Net interest income after provision for loan losses		2,353		1		26		-		2,380
Noninterest income		245		482		-		-		727
Noninterest expense		2,123		510		56		-		2,689
Undistributed net gain of subsidiary		(22)		-		310		(288)		-
Income before income tax expense (benefit) and
noncontrolling interest in net loss of consolidated subsidiary		453		(27)		280		(288)		418
Income tax expense (benefit)		148		(5)		(10)		-		133
Net income before noncontrolling interest in net
loss of consolidated subsidiary		305		(22)		290		(288)		285
Less: Noncontrolling interest in net loss of
consolidated subsidiary		(5)		-		-		-		(5)
Net income of FedFirst Financial Corporation		$       310		$       (22)		$       290		$     (288)		$       290
Nine  Months Ended September 30, 2011
Total interest income		$  11,746		$           3		$         77		$       (77)		$  11,749
Total interest expense		3,876		-		-		(77)		3,799
Net interest income		7,870		3		77		-		7,950
Provision for loan losses		775		-		-		-		775
Net interest income after provision for loan losses		7,095		3		77		-		7,175
Noninterest income		665		1,665		1		-		2,331
Noninterest expense		6,579		1,446		222		-		8,247
Undistributed net gain of subsidiary		116		-		899		(1,015)		-
Income before income tax expense (benefit) and
noncontrolling interest in net income of consolidated subsidiary		1,297		222		755		(1,015)		1,259
Income tax expense (benefit)		375		106		(49)		-		432
Net income before noncontrolling interest in net
income of consolidated subsidiary		922		116		804		(1,015)		827
Less: Noncontrolling interest in net income of
consolidated subsidiary		23		-		-		-		23
Net income of FedFirst Financial Corporation		$       899		$       116		$       804		$  (1,015)		$       804

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Subsidiary/Segment Reporting (Schedule of Condensed Financial Statements) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011	Dec. 31, 2010
Segment Reporting Information [Line Items]
Assets	$ 321,625				$ 321,625		$ 335,274
Liabilities	262,761				262,761		276,473
Stockholders' equity	58,864		59,722		58,864	59,722	58,801	58,587
Total interest income	3,500	3,500	3,904	3,904	10,609	11,749
Total interest expense	851	851	1,199	1,199	2,871	3,799
Net interest income	2,649	2,649	2,705	2,705	7,738	7,950
Provision for loan losses	100	100	325	325	310	775
Net interest income after provision for loan losses	2,549	2,549	2,380	2,380	7,428	7,175
Noninterest income	830	830	727	727	2,543	2,331
Noninterest expense	2,379	2,379	2,689	2,689	7,300	8,247
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary	1,000	1,000	418	418	2,671	1,259
Income tax expense (benefit)	346	346	133	133	946	432
Net income before noncontrolling interest in net loss of consolidated subsidiary	654	654	285	285	1,725	827
Noncontrolling interest in net income of consolidated subsidiary	5	5	(5)	(5)	26	23
Net income	649	649	290	290	1,699	804
First Federal Savings Bank [Member]
Segment Reporting Information [Line Items]
Assets	321,561				321,561		335,151
Liabilities	273,090				273,090		288,645
Stockholders' equity	48,471				48,471		46,506
Total interest income		3,500		3,903	10,608	11,746
Total interest expense		874		1,225	2,941	3,876
Net interest income		2,626		2,678	7,667	7,870
Provision for loan losses		100		325	310	775
Net interest income after provision for loan losses		2,526		2,353	7,357	7,095
Noninterest income		268		245	796	665
Noninterest expense		1,812		2,123	5,529	6,579
Undistributed net gain of subsidiary		26		(22)	132	116
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		1,008		453	2,756	1,297
Income tax expense (benefit)		335		148	905	375
Net income before noncontrolling interest in net loss of consolidated subsidiary		673		305	1,851	922
Noncontrolling interest in net income of consolidated subsidiary		5		(5)	26	23
Net income		668		310	1,825	899
Exchange Underwriters, Inc. [Member]
Segment Reporting Information [Line Items]
Assets	829				829		1,041
Liabilities	223				223		506
Stockholders' equity	606				606		535
Total interest income				1	1	3
Net interest income				1	1	3
Net interest income after provision for loan losses				1	1	3
Noninterest income		562		482	1,747	1,665
Noninterest expense		515		510	1,510	1,446
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		47		(27)	238	222
Income tax expense (benefit)		21		(5)	106	106
Net income before noncontrolling interest in net loss of consolidated subsidiary		26		(22)	132	116
Net income		26		(22)	132	116
FedFirst Financial Corporation [Member]
Segment Reporting Information [Line Items]
Assets	58,832				58,832		58,787
Liabilities	22				22		26
Stockholders' equity	58,810				58,810		58,761
Total interest income		23		26	70	77
Net interest income		23		26	70	77
Net interest income after provision for loan losses		23		26	70	77
Noninterest income						1
Noninterest expense		52		56	261	222
Undistributed net gain of subsidiary		668		310	1,825	899
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		639		280	1,634	755
Income tax expense (benefit)		(10)		(10)	(65)	(49)
Net income before noncontrolling interest in net loss of consolidated subsidiary		649		290	1,699	804
Net income		649		290	1,699	804
Net Eliminations [Member]
Segment Reporting Information [Line Items]
Assets	(59,597)				(59,597)		(59,705)
Liabilities	(10,574)				(10,574)		(12,704)
Stockholders' equity	(49,023)				(49,023)		(47,001)
Total interest income		(23)		(26)	(70)	(77)
Total interest expense		(23)		(26)	(70)	(77)
Undistributed net gain of subsidiary		(694)		(288)	(1,957)	(1,015)
Income before income tax expense (benefit) and noncontrolling interest in net income of consolidated subsidiary		(694)		(288)	(1,957)	(1,015)
Net income before noncontrolling interest in net loss of consolidated subsidiary		(694)		(288)	(1,957)	(1,015)
Net income		$ (694)		$ (288)	$ (1,957)	$ (1,015)

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Deposits (Schedule of Deposits) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Deposits [Abstract]
Deposits: Noninterest-bearing	$ 23,972	$ 20,536
Percent of Noninterest-bearing demand deposits to Total deposits	10.90%	9.30%
Interest-bearing demand deposits	17,295	14,555
Percent of Interest-bearing demand deposits to Total deposits	7.90%	6.60%
Savings accounts	24,692	22,827
Percent of Savings accounts to Total deposits	11.20%	10.30%
Money market accounts	59,819	59,709
Percent of Money market accounts to Total Deposits	27.20%	27.00%
Certificates of deposits	94,253	103,913
Percent of Certificates of deposits to Total deposits	42.80%	46.80%
Total deposits	$ 220,031	$ 221,540

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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Stock Based Compensation

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The Company recognizes expense associated with the awards over the five-year vesting period in accordance with ASC 718 Compensation - Stock Compensation and ASC 505-50 Equity-Based Payments to Non-Employees. Compensation expense was $39,000 for the three months ended September 30, 2012 compared to $40,000 for the three months ended September 30, 2011. For the nine months ended September 30, 2012, compensation expense was $108,000 compared to $187,000 for the nine months ended September 30, 2011. As of September 30, 2012, there was $692,000 of total unrecognized compensation cost related to nonvested stock-based compensation compared to $316,000 at December 31, 2011. The compensation expense at September 30, 2012 is expected to be recognized ratably over the weighted average remaining service period of 4.25 years.

		Stock Options
				Weighted		Weighted
		Number		Average		Average
		of		Exercise		Remaining
Stock-Based Compensation		Shares		Price		Term
Outstanding at January 1, 2012			140,119		$  16.86		6.86
	Granted		85,000		14.78
	Exercised or converted		-		-
	Forfeited		-		-
	Expired		-		-
Outstanding at September 30, 2012			225,119		$  16.08		7.54
Exercisable at September 30, 2012			92,044		$  18.75		4.79

		Stock Options				Restricted Stock Awards
		Number of		Fair-Value		Number of		Fair-Value
		Shares		Price		Shares		Price
Nonvested at December 31, 2011			64,020		$    3.55		9,632		$ 13.90
	Granted		85,000		3.03		16,240		13.92
	Vested		(15,945)		3.94		(3,320)		14.12
	Forfeited		-		-		-		-
Nonvested at September 30, 2012			133,075		$    3.17		22,552		$ 13.88

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Basis of Presentation/Nature of Operations (Details)	Sep. 30, 2012
Basis of Presentation/Nature of Operations [Abstract]
FFEC percentage of ownership in Exchange Underwriters, Inc.	80.00%
Number of Stores	7

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income of FedFirst Financial Corporation	$ 1,699	$ 804
Adjustments to reconcile net income to net cash provided by operating activities:
Noncontrolling interest in net income of consolidated subsidiary	26	23
Provision for loan losses	310	775
Depreciation	290	420
Amortization of intangibles	82	82
Net loss on sales of available-for-sale securities		1
Net amortization of security premiums and loan costs	475	293
Noncash expense for ESOP	87	87
Noncash expense for stock-based compensation	108	187
Increase in bank-owned life insurance	(194)	(201)
Decrease in other assets	407	1,179
(Decrease) increase in other liabilities	(498)	100
Net cash provided by operating activities	2,792	3,750
Cash flows from investing activities:
Net loan repayments (originations)	3,219	(16,838)
Proceeds from maturities of and principal repayments of securities available-for-sale	14,519	17,733
Proceeds from sales of securities available-for-sale		2,006
Purchases of securities available-for-sale	(10,940)
Purchases of premises and equipment	(94)	(385)
Decrease in FHLB stock, at cost	982	935
Proceeds from sales of real estate owned	366	280
Cash surrender value of bank owned life insurance policy surrendered	239
Income for cash surrender value of bank owned life insurance policy surrendered	(33)
Net cash provided by investing activities	8,258	3,731
Cash flows from financing activities:
Net decrease in short-term borrowings		(4,200)
Repayments of long-term borrowings	(11,456)	(22,061)
Net (decrease) increase in deposits	(1,509)	19,749
Decrease in advance payments by borrowers for taxes and insurance	(249)	(258)
Purchase and retirement of common stock	(1,566)	(23)
Dividends paid	(312)	(262)
Distribution to noncontrolling shareholder	(12)	(56)
Net cash used in financing activities	(15,104)	(7,111)
Net (decrease) increase in cash and cash equivalents	(4,054)	370
Cash and cash equivalents, beginning of period	14,571	9,320
Cash and cash equivalents, end of period	10,517	9,690
Supplemental cash flow information:
Cash paid for: Interest on deposits and borrowings (including interest credited to deposit accounts of $1,688 and $2,204 respectively)	3,010	3,972
Cash paid for: Income tax expense	846	66
Real estate acquired in settlement of loans	32	364
Securities purchased not settled		$ 4,790

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Securities (Available-for-sale Securities) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 48,802	$ 52,722
Gross Unrealized Gains	1,866	2,282
Gross Unrealized Losses	2,086	2,556
Fair Value: Total	48,582	52,448
Government-Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,000
Gross Unrealized Gains		3
Fair Value: Total		2,003
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,773	6,738
Gross Unrealized Gains	465	391
Gross Unrealized Losses	12	4
Fair Value: Total	9,226	7,125
Mortgage-backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,944	16,572
Gross Unrealized Gains	897	972
Fair Value: Total	14,841	17,544
REMICs [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	22,086	23,413
Gross Unrealized Gains	504	916
Gross Unrealized Losses	4	11
Fair Value: Total	22,586	24,318
Corporate debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,995	3,995
Gross Unrealized Losses	2,070	2,541
Fair Value: Total	1,925	1,454
Equities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4	4
Fair Value: Total	$ 4	$ 4

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Loans (Troubled Debt Restructuring) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
In Nonaccrual Status [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	3	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,677	$ 516
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,509	465
In Nonaccrual Status [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	1,161
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,161
In Nonaccrual Status [Member] | Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	516	516
Financing Receivable, Modifications, Post-Modification Recorded Investment	348	465
In Nonaccrual Status [Member] | Total real estate-mortgage [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	3	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	1,677	516
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,509	465
In Nonaccrual Status [Member] | Purchased [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	168
Financing Receivable, Modifications, Post-Modification Recorded Investment	168
In Nonaccrual Status [Member] | Originated [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	993
Financing Receivable, Modifications, Post-Modification Recorded Investment	993
Performing Under Modified Terms [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	6	6
Financing Receivable, Modifications, Pre-Modification Recorded Investment	1,582	1,582
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,502	1,565
Allowance for Credit Losses, Specific on TDR		170
Performing Under Modified Terms [Member] | Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	4	4
Financing Receivable, Modifications, Pre-Modification Recorded Investment	1,431	1,431
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,356	1,414
Allowance for Credit Losses, Specific on TDR		170
Performing Under Modified Terms [Member] | Total real estate-mortgage [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	4	4
Financing Receivable, Modifications, Pre-Modification Recorded Investment	1,431	1,431
Financing Receivable, Modifications, Post-Modification Recorded Investment	1,356	1,414
Allowance for Credit Losses, Specific on TDR		170
Performing Under Modified Terms [Member] | Home equity Loan-to-Value Ratio of 80% Or Less [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	140	140
Financing Receivable, Modifications, Post-Modification Recorded Investment	137	140
Performing Under Modified Terms [Member] | Other consumer [Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	11	11
Financing Receivable, Modifications, Post-Modification Recorded Investment	9	11
Performing Under Modified Terms [Member] | Total consumer[Member]
Financing Receivable, Impaired [Line Items]
Financing Receivable, Modifications, Number of Contracts	2	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	151	151
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 146	$ 151

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Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Significant Unobservable Inputs Used in the Fair Value Measurements) (Details) (USD $) In Thousands, unless otherwise specified				9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Dec. 31, 2010	Sep. 30, 2012 Corporate debt [Member]
Fair Value	$ 1,925	$ 1,486	$ 1,278	$ 1,925
Valuation Technique				Discounted cash flow
Average probability of default				4.08%
Correlation				50.00%
Deferral/default recovery rate				0.00%
Prepayment				0.00%

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Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Assets:
Cash and due from banks	$ 1,788	$ 1,491
Interest-earning deposits	8,729	13,080
Total cash and cash equivalents	10,517	14,571
Securities available-for-sale	48,582	52,448
Loans, net	241,582	245,277
Federal Home Loan Bank ("FHLB") stock, at cost	4,358	5,340
Accrued interest receivable - loans	878	1,008
Accrued interest receivable - securities	232	236
Premises and equipment, net	1,968	2,164
Bank-owned life insurance	8,255	8,267
Goodwill	1,080	1,080
Real estate owned	196	544
Deferred tax assets	3,030	3,096
Other assets	947	1,243
Total assets	321,625	335,274
Liabilities and Stockholders' Equity:
Deposits: Noninterest-bearing	23,972	20,536
Deposits: Interest-bearing	196,059	201,004
Total deposits	220,031	221,540
Borrowings	37,833	49,289
Advance payments by borrowers for taxes and insurance	265	514
Accrued interest payable - deposits	132	228
Accrued interest payable - borrowings	159	202
Other liabilities	4,341	4,700
Total liabilities	262,761	276,473
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; 2,864,100 and 2,957,302 shares issued and outstanding	29	30
Additional paid-in-capital	40,131	41,630
Retained earnings - substantially restricted	20,037	18,650
Accumulated other comprehensive loss, net of deferred tax benefit of $(86) and $(107)	(134)	(167)
Unearned Employee Stock Ownership Plan ("ESOP")	(1,253)	(1,382)
Total FedFirst Financial Corporation stockholders' equity	58,810	58,761
Noncontrolling interest in subsidiary	54	40
Total stockholders' equity	58,864	58,801
Total liabilities and stockholders' equity	$ 321,625	$ 335,274

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Borrowings (Schedule of Maturities of Short and Long-term Debt) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Borrowings [Abstract]
Balance: Due in one year or less	$ 3,318	$ 8,406
Weighted Average Rate: Due in one year or less	3.74%	4.15%
Balance: Due in one to two years	18,000	11,497
Weighted Average Rate: Due in one to two years	3.60%	3.68%
Balance: Due in two to three years	17,000	18,000
Weighted Average Rate: Due in two to three years	3.56%	3.41%
Balance: Due in three to four years		12,000
Weighted Average Rate: Due in three to four years		3.82%
Advances	38,318	49,903
Less: deferred premium on modification	(485)	(614)
Total advances	$ 37,833	$ 49,289
Weighted Average Rate	3.59%	3.69%

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Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, unless otherwise specified	Common Stock [Member]	Additional Paid-in-Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Gain (Loss) [Member]	Unearned ESOP [Member]	Noncontrolling Interest in Subsidiary [Member]	Total
Balance at Dec. 31, 2010	$ 30	$ 42,016	$ 18,140	$ (128)	$ (1,555)	$ 84	$ 58,587
Comprehensive income (loss):
Net income			804			23	827
Other comprehensive income (loss), net of tax				454			454
Purchase and retirement of common stock		(23)					(23)
ESOP shares committed to be released		(42)			129		87
Stock-based compensation expense		187					187
Stock awards granted		(79)					(79)
Distribution to noncontrolling shareholder						(56)	(56)
Dividends paid			(262)				(262)
Balance at Sep. 30, 2011	30	42,059	18,682	326	(1,426)	51	59,722
Balance at Dec. 31, 2011	30	41,630	18,650	(167)	(1,382)	40	58,801
Comprehensive income (loss):
Net income			1,699			26	1,725
Other comprehensive income (loss), net of tax				33			33
Purchase and retirement of common stock	(1)	(1,565)					(1,566)
ESOP shares committed to be released		(42)			129		87
Stock-based compensation expense		108					108
Distribution to noncontrolling shareholder						(12)	(12)
Dividends paid			(312)				(312)
Balance at Sep. 30, 2012	$ 29	$ 40,131	$ 20,037	$ (134)	$ (1,253)	$ 54	$ 58,864

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Stock Based Compensation (Option Activity) (Details) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended
	Apr. 02, 2012	Sep. 30, 2012	Dec. 31, 2011
Stock Based Compensation
Beginning Balance, Options Outstanding		140,119
Granted	17,000	85,000
Ending Balance, Options Outstanding		225,119	140,119
Exercisable		92,044
Beginning Balance, Weighted average excercise price		$ 16.86
Options Granted, Weighted average exercise price		$ 14.78
Ending Balance, Weighted average excercise price		$ 16.08	$ 16.86
Exercisable, Weighted average excercise price		$ 18.75
Beginning Balance, Weighted average remaining term		7 years 6 months 15 days	6 years 11 months 10 days
Ending Balance, Weighted average remaining contractual term		7 years 6 months 15 days	6 years 11 months 10 days
Exercisable, Weighted average remaining contractual term		4 years 9 months 15 days

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Securities (Schedule of Pooled Preferred Trust Obligations) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 48,802	$ 52,722
Fair Value	48,582	52,448
Unrealized Losses	2,086	2,556
I-PreTSL I [Member]
Schedule of Available-for-sale Securities [Line Items]
Pool	I-PreTSL I
Class	Mezzanine
Tranche	B-3
Amortized Cost	1,500
Fair Value	593
Unrealized Losses	907
S&P/Fitch Rating	CCC-
Current Number of Insurance Companies	16
Total Collateral	$ 188,500
Current Deferral and Defaults	$ 32,500
Performing Collateral	$ 156,000
Additional Immediate Defferals/Defaults Before Causing an Interest Shortfall	$ 95,310
Additional Immediate Defferals/Defaults Before Causing a Break in Yield	$ 43,500
I-PreTSL II [Member]
Schedule of Available-for-sale Securities [Line Items]
Pool	I-PreTSL II
Class	Mezzanine
Tranche	B-3
Amortized Cost	2,495
Fair Value	1,332
Unrealized Losses	1,163
S&P/Fitch Rating	BB+
Current Number of Insurance Companies	25
Total Collateral	340,500
Current Deferral and Defaults	24,500
Performing Collateral	316,000
Additional Immediate Defferals/Defaults Before Causing an Interest Shortfall	316,000
Additional Immediate Defferals/Defaults Before Causing a Break in Yield	120,000
Collateralized Debt Obligations, Total [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,995
Fair Value	1,925
Unrealized Losses	$ 2,070

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Securities (Tables)

9 Months Ended

Sep. 30, 2012

Securities [Abstract]

Available-for-sale Securities [Table Text Block]

				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
September 30, 2012		Cost		Gains		Losses		Value
	Municipal bonds		$   8,773		$       465		$         12	$   9,226
	Mortgage-backed		13,944		897		-	14,841
	REMICs		22,086		504		4	22,586
	Corporate debt		3,995		-		2,070	1,925
	Equities		4		-		-	4
Total securities available-for-sale			$ 48,802		$     1,866		$     2,086	$ 48,582
December 31, 2011
	Government-Sponsored Enterprises		$   2,000		$           3		$         -	$   2,003
	Municipal bonds		6,738		391		4	7,125
	Mortgage-backed		16,572		972		-	17,544
	REMICs		23,413		916		11	24,318
	Corporate debt		3,995		-		2,541	1,454
	Equities		4		-		-	4
Total securities available-for-sale			$ 52,722		$     2,282		$     2,556	$ 52,448

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	700	$	715
Due from one to five years	2,023		2,362
Due from five to ten years	8,487		8,762
Due after ten years	37,588		36,739
No scheduled maturity	4		4
Total	$	48,802	$	48,582

Schedule of Unrealized Loss on Investments [Table Text Block]

	Less than 12 months			12 months or more			Total
			Gross			Gross			Gross
	Number of	Fair	Unrealized	Number of	Fair	Unrealized	Number of	Fair	Unrealized
September 30, 2012	Securities	Value	Losses	Securities	Value	Losses	Securities	Value	Losses
Municipal bonds	1	$   1,153	$       12	-	$      -	$      -	1	$   1,153	$       12
Mortgage-backed	1	1,488	4	-	-	-	1	1,488	4
Corporate debt	-	-	-	3	1,925	2,070	3	1,925	2,070
Total securities temporarily impaired	2	$   2,641	$       16	3	$   1,925	$   2,070	5	$   4,566	$  2,086

	Less than 12 months			12 months or more			Total
			Gross			Gross			Gross
	Number of	Fair	Unrealized	Number of	Fair	Unrealized	Number of	Fair	Unrealized
December 31, 2011	Securities	Value	Losses	Securities	Value	Losses	Securities	Value	Losses
Municipal bonds	1	$     572	$        4	-	$      -	$      -	1	$      572	$         4
REMICs	1	1,531	11	-	-	-	1	1,531	11
Corporate debt	-	-	-	3	1,454	2,541	3	1,454	2,541
Total securities temporarily impaired	2	$   2,103	$      15	3	$   1,454	$  2,541	5	$   3,557	$  2,556

Schedule of Pooled Preferred Trust Obligations [Table Text Block]

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	$          593	$     (907	)	CCC-	16	$    188,500	$            32,500	$      156,000	$               95,310	$               43,500
I-PreTSL II	Mezzanine	B-3	2,495	1,332	(1,163	)	BB+	25	340,500	24,500	316,000	316,000	120,000
			$      3,995	$       1,925	$     (2,070	)

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Loans (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,723	$ 2,145
Impaired Financing Receivable, Unpaid Principal Balance	3,721	3,602
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,287	1,544
One-to four-family residential [Member] | Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,322	128
Impaired Financing Receivable, Unpaid Principal Balance	1,278
One-to four-family residential [Member] | Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	965	1,416
Impaired Financing Receivable, Unpaid Principal Balance	509	1,287
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	432	568
Impaired Financing Receivable, Unpaid Principal Balance	1,788	2,164
Other consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	4
Impaired Financing Receivable, Unpaid Principal Balance	9	11
Total consumer[Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	4	33
Relationship One [Member] | One-to four-family residential [Member] | Purchased [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status		1,300
Relationship Two [Member] | One-to four-family residential [Member] | Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance	$ 285

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Deposits (Tables)

9 Months Ended

Sep. 30, 2012

Deposits [Abstract]

Schedule of Deposits [Table Text Block]

	September 30, 2012				December 31, 2011
	Amount		Percent		Amount		Percent
Noninterest-bearing demand deposits	$	23,972	10.9	%	$	20,536	9.3	%
Interest-bearing demand deposits		17,295	7.9			14,555	6.6
Savings accounts		24,692	11.2			22,827	10.3
Money market accounts		59,819	27.2			59,709	27.0
Certificates of deposit		94,253	42.8			103,913	46.8
Total deposits	$	220,031	100.0	%	$	221,540	100.0	%

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements of Changes in Stockholders' Equity
Other Comprehensive Income (Loss), Tax	$ 21	$ 293
Dividends, Common Stock, Cash Paid	$ 0.11	$ 0.09
Stock Repurchased and Retired During Period, Shares	109,442	1,659

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Consolidated Statements of Financial Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Consolidated Statements of Financial Condition
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	2,864,100	2,957,302
Common stock, shares outstanding	2,864,100	2,957,302
Accumulated other comprehensive income (loss), deferred taxes (benefit)	$ (86)	$ (107)

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Fair Value Measurements and Fair Values of Financial Instruments

9 Months Ended

Sep. 30, 2012

Fair Value Measurements and Fair Values of Financial Instruments [Abstract]

Fair Value Measurements and Fair Values of Financial Instruments

Note 8. Fair Value Measurements and Fair Values of Financial Instruments

Management uses its best judgment in estimating the fair value of the Company's financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of September 30, 2012 and December 31, 2011 and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to September 30, 2012 and December 31, 2011 may be different than the amounts reported at each period end.

The fair value hierarchy prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

The three levels of the fair value hierarchy are as follows:

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.

The following is a discussion of assets and liabilities measured at fair value on a recurring basis and the valuation techniques used:

Securities available for sale. The majority of the Company's securities are included in Level 2 of the fair value hierarchy. Fair values were primarily determined by a third party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. In some cases, the fair value was determined from a broker who is able to quote a price based on observable inputs in a liquid market for similar securities.

In some instances, the fair value of certain securities cannot be determined using these techniques due to the lack of relevant market data. As such, these securities are valued using an alternative technique and classified within Level 3 of the fair value hierarchy. At September 30, 2012, Level 3 includes three corporate debt securities with a fair value of $1.9 million.

The corporate debt securities are pooled trust preferred corporate debt obligations ("CDOs") collateralized by the trust preferred securities of insurance companies in the United States. The CDOs, which were rated A at purchase and are currently rated below investment grade, could not be priced using quoted market prices, observable market activity or comparable trades, and the financial market was considered not active. The trust preferred market has been severely impacted by the lack of liquidity in the credit markets and concern over the financial services industry. There has been little or no active trading in these securities; therefore it was more appropriate to determine fair value using a discounted cash flow analysis.

The Bank utilized a third party pricing service that performed a two-step process to determine the fair value of the CDOs. First, an asset analysis was performed to evaluate the credit quality of the collateral and the deal structure using probability of default values for each underlying issuer and loss given default values by asset type. Probability of default is the likelihood that the issuer of the CDOs will go into default and stop paying and was estimated using an expected default frequency approach, which considers the market value and volatility of a firm's assets and the threshold for default. Probability of default was combined with correlation assumptions, which is the tendency of companies to default once other companies have defaulted. CDOs are more likely to experience stress at the same time since they are concentrated in the same sector, therefore a 50% asset correlation was assumed for issuers in the same industry. Loss given default is the amount of cash lost to the investor at the time of default and is related to the recovery rate. Loss and recovery estimates determine how much cash remains when an issuer goes into default. Deferrals are a common feature of CDOs and were treated as defaults in the analysis. Loss given default has been historically high for CDOs and therefore a 0% recovery rate was assumed on currently defaulted and deferring assets, which resulted in a 100% loss given default.

Second, a liability analysis was performed in which the expected cash flows produced based off the expected credit events of the asset analysis were allocated across the tranches to determine the tranches that would get paid or incur a loss. These expected cash flows were discounted at a risk free interest rate plus a premium for illiquidity (3 month LIBOR plus 300 basis points) to produce a discounted cash flow valuation and determine an estimated fair value.

For financial assets measured at fair value on a recurring basis, the following tables set forth the fair value measurements by fair value hierarchy at the dates indicated.

(Dollars in thousands)			September 30, 2012		December 31, 2011
Significant other observable inputs (Level 2)
	Securities available-for-sale
		Government-sponsored enterprises		$         -		$    2,003
		Municipal bonds		9,226		7,125
		Mortgage-backed		14,841		17,512
		REMICs		22,586		24,318
		Equities		4		4
		Total significant other observerable inputs (Level 2)		46,657		50,962
Significant unobservable inputs (Level 3)
	Securities available-for-sale
		Mortgage-backed		-		32
		Corporate debt		1,925		1,454
		Total significant unobservable inputs (Level 3)		1,925		1,486
	Total securities available-for-sale			$  48,582		$   52,448
Total assets measured at fair value on a recurring basis				$  48,582		$   52,448
				Significant
				Unobservable Inputs
(Dollars in thousands)				(Level 3)
December 31, 2010				$     1,278
	Total unrealized gains			214
	Paydowns and maturities			(6)
December 31, 2011				$     1,486
	Total unrealized gains			471
	Paydowns and maturities			(11)
	Net transfers out of level 3			(21)
September 30, 2012				$     1,925
(Dollars in thousands)			September 30, 2012				December 31, 2011
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 end				$       471				$      214

Seven mortgage-backed securities were transferred out of out of Level 3 and into Level 2 in 2012 because a reliable price could be obtained using a model based valuation technique or through a broker quote.

For Level 3 assets measured at fair value on a recurring basis as of September 30, 2012, the following table sets forth the significant unobservable inputs used in the fair value measurements.

(Dollars in thousands)		Fair Value	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Securities available-for-sale
	Corporate Debt	$    1,925	Discounted cash flow	Average probability of default	4.08%
				Correlation	50% for issuers in the same industry
				Deferral/default recovery rate	0% on currently defaulted/deferring assets and projected defaults
				Prepayment	0%

We may be required to measure certain assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or writedowns of individual assets.

The following is a discussion of assets and liabilities measured at fair value on a nonrecurring basis.

Impaired loans. Certain impaired loans over $250,000 are individually reviewed to determine the amount of each loan that may be at risk of noncollection. When repayment is expected solely from the collateral, the impaired loans are reported at the fair value of the underlying collateral using Level 2 inputs based on property appraisals or financial statements.

Real estate owned. The fair value of real estate owned is estimated using Level 2 inputs based on property appraisals less any projected selling costs, which are estimated at 10-20% of the collateral value.

For financial assets measured at fair value on a nonrecurring basis, the following table sets forth the fair value measurements by fair value hierarchy at the dates indicated.

	September 30, 2012				December 31, 2011
	Carrying				Carrying
(Dollars in thousands)	Value		Fair Value		Value		Fair Value
Significant other observable inputs (Level 2)
Impaired loans	$	3,638	$	3,438	$	3,539	$	3,369
Real estate owned	196		196		544		544
Total assets measured at fair value on a nonrecurring basis	$	3,834	$	3,634	$	4,083	$	3,913

The following presents the fair value of financial instruments. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be sustained by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. In addition, the following information should not be interpreted as an estimate of the fair value of the Company since a fair value calculation is only provided for a limited portion of the Company's assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful.

The following methods and assumptions were used to estimate the fair values of the Company's financial instruments at September 30, 2012 and December 31, 2011.

Cash and Cash Equivalents

The carrying amounts approximate the asset's fair values.

Securities Available-for Sale

See previous discussion on securities available-for-sale measured at fair value on a recurring basis for further details on the valuation techniques used to determine the fair value of securities available-for-sale.

Loans

The fair values for residential real estate loans are estimated using discounted cash flow analyses using mortgage commitment rates from either FNMA or FHLMC. The fair values of consumer and commercial business loans are estimated using discounted cash flow analyses, using interest rates reported in various government releases. The fair values of multi-family and commercial real estate loans are estimated using discounted cash flow analysis, using interest rates based on national commitment rates on similar loans. The carrying value is net of the allowance for loan losses. Due to the significant judgment involved in evaluating credit quality and the allowance for loan losses, loans are classified as Level 3, except for impaired loans measured at fair value on a nonrecurring basis that are classified as Level 2 based on property appraisals.

Federal Home Loan Bank Stock

The carrying amount approximates the asset's fair value.

Accrued Interest Receivable and Accrued Interest Payable

The fair value of these instruments approximates the carrying value.

Deposits

The fair values disclosed for demand deposits (e.g., savings accounts) are, by definition, equal to the amount payable on demand at the repricing date (i.e., their carrying amounts). Fair values of certificates of deposits are estimated using a discounted cash flow calculation that applies the FHLB of Pittsburgh advance yield curve to the maturity schedule of the Bank's certificates of deposit.

Borrowings

The fair value of FHLB advances and repurchase agreements are estimated using a discounted cash flow calculation using the current FHLB advance yield curve. This is the method that the FHLB of Pittsburgh used to determine the cost of terminating the borrowing contract.

Commitments to Extend Credit

These financial instruments are generally not subject to sale and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure purposes.

The following table sets forth the carrying amount and estimated fair value of financial instruments at the dates indicated (dollars in thousands).

		Carrying	Estimated	Fair Value Measurements
September 30, 2012		Amount	Fair Value	Level 1	Level 2	Level 3
Financial assets:
	Cash and cash equivalents	$  10,517	$  10,517	$  10,517	$        -	$         -
	Securities available-for-sale	48,582	48,582	-	46,657	1,925
	Loans, net	241,582	255,450	-	3,438	252,012
	FHLB stock	4,358	4,358	4,358	-	-
	Accrued interest receivable	1,110	1,110	1,110	-	-
Financial liabilities:
	Deposits	220,031	222,179	125,778	96,401	-
	Borrowings	37,833	39,954	-	39,954	-
	Accrued interest payable	291	291	291	-	-
		Carrying	Estimated
December 31, 2011		Amount	Fair Value
Financial assets:
	Cash and cash equivalents	$  14,571	$   14,571
	Securities available-for-sale	52,448	52,448
	Loans, net	245,277	256,446
	FHLB stock	5,340	5,340
	Accrued interest receivable	1,244	1,244
Financial liabilities:
	Deposits	221,540	224,371
	Borrowings	49,289	52,179
	Accrued interest payable	430	430

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Nov. 08, 2012
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Entity Registrant Name	FedFirst Financial Corp
Entity Central Index Key	0001486058
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,855,600

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Subsidiary/Segment Reporting

9 Months Ended

Sep. 30, 2012

Subsidiary/Segment Reporting [Abstract]

Subsidiary/Segment Reporting

Note 9. Subsidiary/Segment Reporting

The consolidated operating results of FedFirst Financial are presented as a single financial services segment. FedFirst Financial is the parent company of the Bank, which owns FFEC. FFEC has an 80% controlling interest in Exchange Underwriters, Inc. Exchange Underwriters, Inc. is managed separately from the banking and related financial services that the Company offers. Exchange Underwriters, Inc. is an independent insurance agency that offers property and casualty, life, health, commercial general liability, surety and other insurance products.

Following is a table of selected financial data for the Company's subsidiaries and consolidated results for the dates indicated (dollars in thousands).

	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations		Consolidated
September 30, 2012
Assets		$321,561		$       829		$  58,832		$(59,597)		$321,625
Liabilities		273,090		223		22		(10,574)		262,761
Stockholders' equity		48,471		606		58,810		(49,023)		58,864
December 31, 2011
Assets		$335,151		$    1,041		$  58,787		$(59,705)		$335,274
Liabilities		288,645		506		26		(12,704)		276,473
Stockholders' equity		46,506		535		58,761		(47,001)		58,801
Three Months Ended September 30, 2012
Total interest income		$    3,500		$          -		$         23		$       (23)		$    3,500
Total interest expense		874		-		-		(23)		851
Net interest income		2,626		-		23		-		2,649
Provision for loan losses		100		-		-		-		100
Net interest income after provision for loan losses		2,526		-		23		-		2,549
Noninterest income		268		562		-		-		830
Noninterest expense		1,812		515		52		-		2,379
Undistributed net gain of subsidiary		26		-		668		(694)		-
Income before income tax expense (benefit) and noncontrolling
interest in net income of consolidated subsidiary		1,008		47		639		(694)		1,000
Income tax expense (benefit)		335		21		(10)		-		346
Net income before noncontrolling interest in net
income of consolidated subsidiary		673		26		649		(694)		654
Less: Noncontrolling interest in net income of
consolidated subsidiary		5		-		-		-		5
Net income of FedFirst Financial Corporation		$       668		$         26		$       649		$     (694)		$       649
Nine Months Ended September 30, 2012
Total interest income		$  10,608		$           1		$         70		$       (70)		$  10,609
Total interest expense		2,941		-		-		(70)		2,871
Net interest income		7,667		1		70		-		7,738
Provision for loan losses		310		-		-		-		310
Net interest income after provision for loan losses		7,357		1		70		-		7,428
Noninterest income		796		1,747		-		-		2,543
Noninterest expense		5,529		1,510		261		-		7,300
Undistributed net gain of subsidiary		132		-		1,825		(1,957)		-
Income before income tax expense (benefit) and
noncontrolling interest in net income of consolidated subsidiary		2,756		238		1,634		(1,957)		2,671
Income tax expense (benefit)		905		106		(65)		-		946
Net income before noncontrolling interest in net
income of consolidated subsidiary		1,851		132		1,699		(1,957)		1,725
Less: Noncontrolling interest in net income of
consolidated subsidiary		26		-		-		-		26
Net income of FedFirst Financial Corporation		$    1,825		$       132		$    1,699		$  (1,957)		$    1,699

(Dollars in thousands)	First Federal Savings Bank		Exchange Underwriters, Inc.		FedFirst Financial Corporation		Net Eliminations		Consolidated
Three Months Ended September 30, 2011
Total interest income		$    3,903		$           1		$         26		$       (26)		$    3,904
Total interest expense		1,225		-		-		(26)		1,199
Net interest income		2,678		1		26		-		2,705
Provision for loan losses		325		-		-		-		325
Net interest income after provision for loan losses		2,353		1		26		-		2,380
Noninterest income		245		482		-		-		727
Noninterest expense		2,123		510		56		-		2,689
Undistributed net gain of subsidiary		(22)		-		310		(288)		-
Income before income tax expense (benefit) and
noncontrolling interest in net loss of consolidated subsidiary		453		(27)		280		(288)		418
Income tax expense (benefit)		148		(5)		(10)		-		133
Net income before noncontrolling interest in net
loss of consolidated subsidiary		305		(22)		290		(288)		285
Less: Noncontrolling interest in net loss of
consolidated subsidiary		(5)		-		-		-		(5)
Net income of FedFirst Financial Corporation		$       310		$       (22)		$       290		$     (288)		$       290
Nine  Months Ended September 30, 2011
Total interest income		$  11,746		$           3		$         77		$       (77)		$  11,749
Total interest expense		3,876		-		-		(77)		3,799
Net interest income		7,870		3		77		-		7,950
Provision for loan losses		775		-		-		-		775
Net interest income after provision for loan losses		7,095		3		77		-		7,175
Noninterest income		665		1,665		1		-		2,331
Noninterest expense		6,579		1,446		222		-		8,247
Undistributed net gain of subsidiary		116		-		899		(1,015)		-
Income before income tax expense (benefit) and
noncontrolling interest in net income of consolidated subsidiary		1,297		222		755		(1,015)		1,259
Income tax expense (benefit)		375		106		(49)		-		432
Net income before noncontrolling interest in net
income of consolidated subsidiary		922		116		804		(1,015)		827
Less: Noncontrolling interest in net income of
consolidated subsidiary		23		-		-		-		23
Net income of FedFirst Financial Corporation		$       899		$       116		$       804		$  (1,015)		$       804

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Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Interest income:
Loans	$ 3,092	$ 3,298	$ 9,292	$ 9,788
Securities - taxable	361	603	1,182	1,953
Securities - tax exempt	38		111
Other interest-earning assets	9	3	24	8
Total interest income	3,500	3,904	10,609	11,749
Interest expense:
Deposits	457	695	1,592	2,129
Borrowings	394	504	1,279	1,670
Total interest expense	851	1,199	2,871	3,799
Net interest income	2,649	2,705	7,738	7,950
Provision for loan losses	100	325	310	775
Net interest income after provision for loan losses	2,549	2,380	7,428	7,175
Noninterest income:
Fees and service charges	159	175	476	433
Insurance commissions	562	482	1,747	1,665
Income from bank-owned life insurance	97	66	227	201
Net loss on sales of available-for-sale securities				(1)
Other	12	4	93	33
Total noninterest income	830	727	2,543	2,331
Noninterest expense:
Compensation and employee benefits	1,405	1,559	4,199	4,763
Occupancy	291	370	908	1,105
FDIC insurance premiums	50	52	162	209
Data processing	142	140	412	392
Professional services	137	194	536	597
Other	354	374	1,083	1,181
Total noninterest expense	2,379	2,689	7,300	8,247
Income before income tax expense and noncontrolling interest in net income of consolidated subsidiary	1,000	418	2,671	1,259
Income tax expense	346	133	946	432
Net income before noncontrolling interest in net income of consolidated subsidiary	654	285	1,725	827
Noncontrolling interest in net income of consolidated subsidiary	5	(5)	26	23
Net income of FedFirst Financial Corporation	$ 649	$ 290	$ 1,699	$ 804
Earnings per share
Basic and diluted	$ 0.23	$ 0.10	$ 0.60	$ 0.28
Weighted-average shares outstanding
Basic	2,867,983	2,912,853	2,836,388	2,909,045
Diluted	2,871,313	2,922,052	2,839,577	2,918,012

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Securities

9 Months Ended

Sep. 30, 2012

Securities [Abstract]

Securities

Note 3.Securities

The following table sets forth the amortized cost and fair value of securities available-for-sale at the dates indicated (dollars in thousands).

				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
September 30, 2012		Cost		Gains		Losses		Value
	Municipal bonds		$   8,773		$       465		$         12	$   9,226
	Mortgage-backed		13,944		897		-	14,841
	REMICs		22,086		504		4	22,586
	Corporate debt		3,995		-		2,070	1,925
	Equities		4		-		-	4
Total securities available-for-sale			$ 48,802		$     1,866		$     2,086	$ 48,582
December 31, 2011
	Government-Sponsored Enterprises		$   2,000		$           3		$         -	$   2,003
	Municipal bonds		6,738		391		4	7,125
	Mortgage-backed		16,572		972		-	17,544
	REMICs		23,413		916		11	24,318
	Corporate debt		3,995		-		2,541	1,454
	Equities		4		-		-	4
Total securities available-for-sale			$ 52,722		$     2,282		$     2,556	$ 52,448

The amortized cost and fair value of securities at September 30, 2012 by contractual maturity were as follows. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.

	Amortized		Fair
(Dollars in thousands)	Cost		Value
Due in one year or less	$	700	$	715
Due from one to five years	2,023		2,362
Due from five to ten years	8,487		8,762
Due after ten years	37,588		36,739
No scheduled maturity	4		4
Total	$	48,802	$	48,582

The following table presents gross unrealized losses and fair value of securities aggregated by category and length of time that individual securities have been in a continuous loss position at the dates indicated (dollars in thousands)

	Less than 12 months			12 months or more			Total
			Gross			Gross			Gross
	Number of	Fair	Unrealized	Number of	Fair	Unrealized	Number of	Fair	Unrealized
September 30, 2012	Securities	Value	Losses	Securities	Value	Losses	Securities	Value	Losses
Municipal bonds	1	$   1,153	$       12	-	$      -	$      -	1	$   1,153	$       12
Mortgage-backed	1	1,488	4	-	-	-	1	1,488	4
Corporate debt	-	-	-	3	1,925	2,070	3	1,925	2,070
Total securities temporarily impaired	2	$   2,641	$       16	3	$   1,925	$   2,070	5	$   4,566	$  2,086

	Less than 12 months			12 months or more			Total
			Gross			Gross			Gross
	Number of	Fair	Unrealized	Number of	Fair	Unrealized	Number of	Fair	Unrealized
December 31, 2011	Securities	Value	Losses	Securities	Value	Losses	Securities	Value	Losses
Municipal bonds	1	$     572	$        4	-	$      -	$      -	1	$      572	$         4
REMICs	1	1,531	11	-	-	-	1	1,531	11
Corporate debt	-	-	-	3	1,454	2,541	3	1,454	2,541
Total securities temporarily impaired	2	$   2,103	$      15	3	$   1,454	$  2,541	5	$   3,557	$  2,556

The Company reviews its investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer including any specific events that may influence the operations of the issuer, and the intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market.

Corporate Debt – At September 30, 2012, the Company had three securities that were in an unrealized loss position for 12 months or more at an amount of $2.1 million. These securities consist of two pools of insurance company-issued preferred trust obligations. These securities were downgraded from their original rating issuance to below investment grade. The lack of liquidity in the market for this type of security, credit rating downgrades and market uncertainties are factors contributing to the unrealized losses on these securities.

The following table provides additional information related to the Company's pooled preferred trust obligations at September 30, 2012 (dollars in thousands):

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	$          593	$     (907	)	CCC-	16	$    188,500	$            32,500	$      156,000	$               95,310	$               43,500
I-PreTSL II	Mezzanine	B-3	2,495	1,332	(1,163	)	BB+	25	340,500	24,500	316,000	316,000	120,000
			$      3,995	$       1,925	$     (2,070	)

(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 the entire 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.

These securities are evaluated for other-than-temporary impairment ("OTTI") by determining whether it is probable that an adverse change in estimated cash flows has occurred. Determining whether there has been an adverse change in estimated cash flows involves the calculation of the present value of remaining cash flows compared to previously projected cash flows. We consider the discounted cash flow analysis to be our primary evidence when determining whether credit-related OTTI exists. Additionally, reports are reviewed that provide information for the amount of deferral/defaults that would have to occur to prevent the tranche from collecting contractual cash flows (principal and interest). None of these securities are projecting a cash flow disruption, nor have any of these securities experienced a cash flow disruption. The Company also reviewed each of the issues' collateral participants, including their financial condition, ratings provided by A. M. Best (for insurance companies), and adverse conditions specifically related to industry or geographic area. This information did not suggest additional deferrals or defaults in the future that would result in the securities not receiving all of their contractual cash flows. Based on the analysis performed and the fact that the Company does not expect to sell these securities, and because it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost basis, the Company concluded that there is no OTTI on these securities at September 30, 2012.

Other Securities – This category may include Government-Sponsored Enterprises ("GSE") municipal bonds, mortgage-backed securities and REMICS. At September 30, 2012, the Company had a total of two securities with an unrealized loss of $16,000 in these categories, including one municipal bond with an unrealized loss of $12,000 and one REMIC with an unrealized loss of $4,000. These securities were in an unrealized loss position for less than 12 months. An evaluation of the individual securities was performed, including a review of all credit ratings, which remain at investment grade. The REMIC was issued and backed by a Government-Sponsored Enterprise ("FNMA"). The Company believes the unrealized loss of these securities is due to changes in market interest rates or changes in market conditions as there was no indication that the issuer was having financial difficulties. The Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell the securities before their recovery. The Company expects to recover the entire amortized cost basis of these securities and concluded that there is no OTTI on these securities at September 30, 2012.

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Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

Note 2.Recent Accounting Pronouncements

ASU 2011-04 Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The ASU is the result of joint efforts by the FASB and International Accounting Standards Board ("IASB") to develop a single, converged fair value framework on how (not when) to measure fair value and on what disclosures to provide about fair value measurements. While the ASU is largely consistent with existing fair value measurement principles in U.S. GAAP, it expands existing disclosure requirements for fair value measurements and makes other amendments to ASC 820, Fair Value Measurement. Many of these amendments were made to eliminate unnecessary wording differences between U.S. GAAP and IFRSs. However, some could change how the fair value measurement guidance in ASC 820 is applied. The ASU is effective for interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company's financial condition and results of operation.

ASU 2011-05Presentation of Comprehensive Income. In September 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income, which revises the manner in which entities present comprehensive income in their financial statements. The new guidance eliminates the option to present components of other comprehensive income as part of the Statements of Changes to Stockholders' Equity and requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. Under the two-statement approach, the first statement would include components of net income, which is consistent with the income statement format used today, and the second statement would include components of other comprehensive income ("OCI"). The ASU does not change the items that must be reported in OCI. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Guidance must be applied retrospectively for all periods presented in the financial statements. The adoption of this ASU did not have a material impact on the Company's financial condition and results of operation.

ASU 2011-08 Testing for Goodwill for Impairment. In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment, which amends the guidance on testing goodwill impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit (i.e. step 1 of the goodwill impairment test). If entities determine, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. The ASU does not change how goodwill is calculated or assigned to reporting units, nor does it revise the requirement to test goodwill annually for impairment. In addition, the ASU does not amend the requirement to test goodwill for impairment between annual tests if events or circumstances warrant; however, it does revise the examples of events and circumstances that an entity should consider. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU will not have a material impact on the Company's financial condition and results of operation.

ASU 2011-12 Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update 2011-05. In December, 2011, the FASB issued ASU 2011-12, Deferral of the Effective Date to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update 2011-05. In response to concerns regarding the operational ramifications of the presentation requirements for reclassification of items out of accumulated other comprehensive income for current and previous years, the FASB has deferred the implementation date of this provision in ASU 2011-05, Presentation of Comprehensive Income, to allow time for further consideration. The requirement in ASU 2011-05 for the presentation of a combined statement of comprehensive income or separate, but consecutive, statements of net income and other comprehensive income is still effective for fiscal years and interim periods beginning after December 15, 2011 for public companies. The adoption of this ASU did not have a material impact on the Company's financial condition and results of operation.

ASU 2012-04 Technical Corrections and Improvements. In October 2012, the FASB issued ASU 2012-04, Technical Corrections and Improvements, which makes certain minor technical corrections to the FASB ASC and includes conforming amendments that are nonsubstantive in nature and identify when the use of fair value should be linked to the definition of fair value in ASC Topic 820, Fair Value Measurement. The amendments affect various ASC topics and include source literature amendments, guidance clarification and reference corrections, and relocated guidance. The amendments that will not have transition guidance were effective upon issuance and the amendments that are subject to the transition guidance will be effective for fiscal period beginning after December 15, 2012. The adoption of the effective portions of this ASU did not have a material impact on the Company's financial condition and results of operation.

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Loans (Tables)

9 Months Ended

Sep. 30, 2012

Loans [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

			September 30, 2012			December 31, 2011
			Amount	Percent		Amount	Percent
Real estate-mortgage:
	One-to four- family residential
		Originated	$ 111,780	44.9	%	$ 117,622	46.0	%
		Purchased	11,343	4.6		16,304	6.4
		Total one-to four- family residential	123,123	49.5		133,926	52.4
	Multi-family
		Originated	11,207	4.5		13,122	5.1
		Purchased	4,257	1.7		5,121	2.0
		Total multi-family	15,464	6.2		18,243	7.1
	Commercial		42,328	17.0		35,307	13.8
		Total real estate-mortgage	180,915	72.7		187,476	73.3
Real estate-construction:
	Residential		3,476	1.4		3,874	1.5
	Commercial		5,795	2.3		8,308	3.3
		Total real estate-construction	9,271	3.7		12,182	4.8
Consumer:
	Home equity
		Loan-to-value ratio of 80% or less	36,903	14.9		30,679	12.0
		Loan-to-value ratio of greater than 80%	8,053	3.2		7,758	3.1
		Total home equity	44,956	18.1		38,437	15.1
	Other		1,432	0.6		1,892	0.7
		Total consumer	46,388	18.7		40,329	15.8
Commercial business			12,195	4.9		15,445	6.1
	Total loans		$ 248,769	100.0	%	$ 255,432	100.0	%
Net premiums on loans purchased			109			127
Net deferred loan costs			490			606
Loans in process			(4,695)			(7,790)
Allowance for loan losses			(3,091)			(3,098)
	Loans, net		$ 241,582			$ 245,277

Schedule of Delinquencies in the Loan Portfolio [Table Text Block]

 

Delinquencies. The following table provides information about delinquencies in our loan portfolio at the dates indicated (dollars in thousands). 

				September 30, 2012				December 31, 2011
				30-59	60-89	90 Days		30-59	60-89	90 Days
				Days	Days	or Greater		Days	Days	or Greater
				Past	Past	Past		Past	Past	Past
				Due	Due	Due		Due	Due	Due
Real estate - mortgage
	One-to four- family residential
		Originated		$-	$180		$330	$681	$584		$-
		Purchased		56	-		796	-	172		1,416
			Total one-to four- family residential	56	180		1,126	681	756		1,416
	Commercial			-	10		84	25	504		568
			Total real estate - mortgage	56	190		1,210	706	1,260		1,984
Consumer
	Home equity
		Loan-to-value ratio of 80% or less		-	-		-	68	-		-
		Loan-to-value ratio of greater than 80%		159	-		-	48	-		33
			Total home equity	159	-		-	116	-		33
	Other			-	-		4	1	4		-
			Total consumer	159	-		4	117	4		33
Commercial business				-	-		-	28	-		-
			Total delinquencies	$215	$        190		$1,214	$851	$1,264		$2,017

Schedule of Nonperforming Assets [Table Text Block]

Nonperforming Assets.The following table provides information with respect to our nonperforming assets at the dates indicated (dollars in thousands).

				September 30, 2012			December 31, 2011
				Number of			Number of
				Contracts		Amount	Contracts		Amount
Nonaccrual loans:
	Real estate - mortgage loans
		One-to four- family residential
			Originated		4	$   1,322		1	$      128
			Purchased		5	965		8	1,416
			Total one-to four- family residential		9	2,287		9	1,544
		Commercial			2	432		3	568
			Total real estate - mortgage		11	2,719		12	2,112
	Consumer loans
		Home equity (loan-to-value ratio of greater than 80%)			-	-		1	33
		Other			1	4		-	-
			Total consumer		1	4		1	33
	Total nonaccrual loans				12	2,723		13	2,145
Accruing loans past due 90 days or more					-	-		-	-
	Total nonaccrual loans and accruing loans
		past due 90 days or more			12	2,723		13	2,145
Real estate owned					2	196		8	544
	Total nonperforming assets				14	$   2,919		21	$   2,689
Troubled debt restructurings
	In nonaccrual status				3	1,509		2	465
	Performing under modified terms				6	1,502		6	1,565
	Troubled debt restructurings				9	$   3,011		8	$   2,030
Total nonperforming loans to total loans						1.09			0.84
Total nonperforming assets to total assets						0.91			0.80

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table provides information related to TDRs at the dates indicated (dollars in thousands):

			In Nonaccrual				Performing Under
			Status				Modified Terms
				Pre-	Post-			Pre-	Post-
				Modification	Modification			Modification	Modification
			Number	Outstanding	Outstanding		Number	Outstanding	Outstanding
			of	Recorded	Recorded	Specific	of	Recorded	Recorded	Specific
September 30, 2012			Contracts	Investment	Investment	Allowance	Contracts	Investment	Investment	Allowance
Real estate - mortgage loans
	One-to four- family residential
		Originated	1	$993	$993	$-	-	$-	$-	$-
		Purchased	1	168	168	-	-	-	-	-
		Total one-to four- family residential	2	1,161	1,161	-	-	-	-	-
	Commercial		1	516	348	-	4	1,431	1,356	-
		Total real estate - mortgage	3	1,677	1,509	-	4	1,431	1,356	-
Consumer loans
	Home equity (loan-to-value ratio
		of 80% or less)	-	-	-	-	1	140	137	-
	Other		-	-	-	-	1	11	9	-
		Total consumer	-	-	-	-	2	151	146	-
Total troubled debt restructurings			3	$1,677	$1,509	$-	6	$1,582	$1,502	$-
			In Nonaccrual				Performing Under
			Status				Modified Terms
				Pre-	Post-			Pre-	Post-
				Modification	Modification			Modification	Modification
			Number	Outstanding	Outstanding		Number	Outstanding	Outstanding
			of	Recorded	Recorded	Specific	of	Recorded	Recorded	Specific
December 31, 2011			Contracts	Investment	Investment	Allowance	Contracts	Investment	Investment	Allowance
Real estate - mortgage loans
	Commercial		2	$516	$465	$-	4	$1,431	$1,414	$170
		Total real estate - mortgage	2	516	465	-	4	1,431	1,414	170
Consumer loans
	Home equity (loan-to-value ratio		-	-	-	-	1	140	140	-
		of 80% or less)
	Other		-	-	-	-	1	11	11	-
		Total consumer	-	-	-	-	2	151	151	-
Total troubled debt restructurings			2	$516	$465	$-	6	$1,582	$1,565	$170

Schedule of Impaired Loans by Loan Portfolio Class [Table Text Block]

				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
September 30, 2012		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
	One-to four- family originated residential		$ 1,278		$  1,278		$       -		$  1,367		$       -
	Commercial real estate		1,705		1,788		-		1,788		55
	Home equity (loan-to-value ratio of 80% or less)		137		137		-		139		6
	Other consumer		9		9		-		10		-
Impaired loans with an allowance recorded
	One-to four- family purchased residential		509		509		200		511		2
One-to four- family originated residential			$ 1,278		$  1,278		$       -		$  1,367		$       -
One-to four- family purchased residential			509		509		200		511		2
Commercial real estate			1,705		1,788		-		1,788		55
Home equity (loan-to-value ratio of 80% or less)			137		137		-		139		6
Other consumer			9		9		-		10		-
	Total impaired loans		$ 3,638		$  3,721		$  200		$  3,815		$       63
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
December 31, 2011		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
	One-to four- family purchased residential		$ 1,287		$  1,287		$       -		$  1,290		$       11
	Commercial real estate		1,447		1,510		-		1,484		60
	Home equity (loan-to-value ratio of 80% or less)		140		140		-		143		9
	Other consumer		11		11		-		12		1
Impaired loans with an allowance recorded
	Commercial real estate		654		654		170		663		32
One-to four- family purchased residential			$ 1,287		$  1,287		$       -		$  1,290		$       11
Commercial real estate			2,101		2,164		170		2,147		92
Home equity (loan-to-value ratio of 80% or less)			140		140		-		143		9
Other consumer			11		11		-		12		1
	Total impaired loans		$ 3,539		$  3,602		$  170		$  3,592		$     113

Schedule of Allowance for Loan Losses [Table Text Block]

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2012 (dollars in thousands): 

		Real estate - mortgage														Real estate-construction			Consumer
		One-to			One-to														Home			Home
		four-			four-														equity (loan-			equity (loan-
		family			family			Multi-			Multi-								to-value			to-value ratio						Com-
		residential			residential			family			family			Com-		Resi-		Com-	ratio of 80%			of greater			Other			mercial	Unal-
		(originated)			(purchased)			(originated)			(purchased)			mercial		dential		mercial	or less)			than 80%)			Consumer			business	located			Total
Loan Balance			$ 111,780			$ 11,343			$ 11,207			$ 4,257		$ 42,328		$3,476		$5,795		$ 36,903			$8,053			$1,432		$12,195				$248,769
Allowance for loan losses:
June 30, 2012			$497			$526			$36			$122		$788		$5		$9		$414			$    263			$17		$172		$139		$2,988
	Charge-offs		-			-			-			-		-		-		-		-			-			1		-		-		1
	Recoveries		2			-			-			-		1		-		-		-			1			-		-		-		4
	Provision		(4)			64			(2)			(19)		55		-		-		(1)			(1)			1		22		(15)		100
September 30, 2012			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
December 31, 2011			$534			$465			$39			$124		$858		$6		$12		$379			$267			$24		$242		$148		$3,098
	Charge-offs		115			109			-			-		33		-		-		-			49			1		15		-		322
	Recoveries		2			-			-			-		1		-		-		-			2			-		-		-		5
	Provision		74			234			(5)			(21)		18		(1)		(3)		34			43			(6)		(33)		(24)		310
September 30, 2012			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
Individually evaluated
	for impairment		$-			$200			$-			$-		$-		$-		$-		$-			$-			$-		$-		$-		$200
Collectively evaluated
	on historical loss
	experience		146			170			-			65		109		-		-		82			110			12		2		-		696
Collectively evaluated
	on qualitative
	factors		349			220			34			38		735		5		9		331			153			5		192		-		2,071
Unallocated			-			-			-			-		-		-		-		-			-			-		-		124		124
Total allowance
for loan losses			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
Percent of Allowance			16.0	%		19.1	%		1.1	%		3.3	%	27.3	%	0.2	%	0.3	%	13.4	%		8.5	%		0.5	%	6.3	%	4.0	%	100.0	%
Percent of Loans (1)			44.9	%		4.6	%		4.5	%		1.7	%	17.0	%	1.4	%	2.3	%	14.9	%		3.2	%		0.6	%	4.9	%			100.0	%

(1)Represents percentage of loans in each category to total loans.

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2011 (dollars in thousands): 

		Real estate - mortgage														Real estate-construction			Consumer
		One-to			One-to														Home			Home
		four-			four-														equity (loan-			equity (loan-
		family			family			Multi-			Multi-								to-value			to-value ratio						Com-
		residential			residential			family			family			Com-		Resi-		Com-	ratio of 80%			of greater			Other			mercial	Unal-
		(originated)			(purchased)			(originated)			(purchased)			mercial		dential		mercial	or less)			than 80%)			Consumer			business	located			Total
Loan Balance			$ 120,975			$ 16,930			$ 13,237			$ 5,156		$ 34,252		$ 6,078		$ 5,175		$29,402			$8,005			$ 1,887		$ 13,889				$254,986
Allowance for loan losses:
June 30, 2011			$553			$392			$28			$126		$895		$11		$1		$370			$279			$25		$198		$116		$2,994
	Charge-offs		-			136			-			-		-		-		-		-			64			-		-		-		200
	Recoveries		-			-			-			-		-		-		-		-			-			-		-		-		-
	Provision		(17)			186			12			(1)		(24)		(2)		7		16			60			(1)		57		32		325
September 30, 2011		#	$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
December 31, 2010			$558			$433			$12			$127		$804		$10		$1		$294			$292			$26		$171		$96		$2,824
	Charge-offs		-			411			-			-		-		-		-		-			64			7		-		-		482
	Recoveries		-			1			-			-		-		-		-		-			-			1		-		-		2
	Provision		(22)			419			28			(2)		67		(1)		7		92			47			4		84		52		775
September 30, 2011		#	$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
Individually evaluated
	for impairment		$-			$-			$-			$-		$193		$-		$-		$9			$-			$-		$43		$-		$245
Collectively evaluated
	on historical loss
	experience		160			215			-			79		58		-		-		101			120			18		2		-		753
Collectively evaluated
	on qualitative
	factors		376			227			40			46		620		9		8		276			155			6		210		-		1,973
Unallocated			-			-			-			-		-		-		-		-			-			-		-		148		148
Total allowance
for loan losses			$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
Percent of Allowance			17.2	%		14.2	%		1.3	%		4.0	%	27.9	%	0.3	%	0.3	%	12.4	%		8.8	%		0.8	%	8.2	%	4.6	%	100.0	%
Percent of Loans (1)			47.5	%		6.6	%		5.2	%		2.0	%	13.4	%	2.4	%	2.0	%	11.5	%		3.2	%		0.7	%	5.5	%			100.0	%

 

(1)Represents percentage of loans in each category to total loans.

Schedule of the Loan Portfolio Summarized by Credit Risk [Table Text Block]

		Real estate - mortgage									Real estate-construction		Consumer
		One-to		One-to-									Home		Home
		four-		four									equity (loan-		equity (loan-
		family		family		Multi-		Multi-					to-value		to-value ratio				Com-
		residential		residential		family		family		Com-	Resi-	Com-	ratio of		of greater		Other		mercial	Loans
September 30, 2012		(originated)		(purchased)		(originated)		(purchased)		mercial	dential	mercial	80% or less)		than 80%)		Consumer		business	Total
Grade:
	Pass		$ 110,199		$ 10,378		$ 11,207		$ 4,257	$ 38,783	$ 3,476	$ 5,795		$ 36,766		$ 8,053		$ 1,419	$ 12,130	$242,463
	Special Mention		259		-		-		-	1,577	-	-		-		-		-	65	1,901
	Substandard		1,322		965		-		-	1,968	-	-		137		-		13	-	4,405
	Doubtful		-		-		-		-	-	-	-		-		-		-	-	-
	Loss		-		-		-		-	-	-	-		-		-		-	-	-
Total			$ 111,780		$ 11,343		$ 11,207		$ 4,257	$ 42,328	$ 3,476	$ 5,795		$ 36,903		$ 8,053		$ 1,432	$ 12,195	$248,769
		Real estate - mortgage									Real estate-construction		Consumer
		One-to		One-to-									Home		Home
		four-		four									equity (loan-		equity (loan-
		family		family		Multi-		Multi-					to-value		to-value ratio				Com-
		residential		residential		family		family		Com-	Resi-	Com-	ratio of		of greater		Other		mercial	Loans
December 31, 2011		(originated)		(purchased)		(originated)		(purchased)		mercial	dential	mercial	80% or less)		than 80%)		Consumer		business	Total
Grade:
	Pass		$ 117,232		$ 14,888		$ 13,122		$ 5,121	$ 31,026	$ 3,874	$ 8,308		$ 30,539		$ 7,725		$ 1,881	$ 15,445	$249,161
	Special Mention		262		-		-		-	2,076	-	-		-		-		-	-	,338
	Substandard		128		1,416		-		-	2,205	-	-		140		33		11	-	3,933
	Doubtful		-		-		-		-	-	-	-		-		-		-	-	-
	Loss		-		-		-		-	-	-	-		-		-		-	-	-
Total			$ 117,622		$ 16,304		$ 13,122		$ 5,121	$ 35,307	$ 3,874	$ 8,308		$ 30,679		$ 7,758		$ 1,892	$ 15,445	$255,432

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Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2012

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

Note 10. Other Comprehensive Income (Loss)

The following table sets forth the tax effects allocated to each component of the Company's other comprehensive income (loss) at the dates indicated (dollars in thousands).

		Before		Income		Net of
		Income Tax		Tax		Income
Three months ended September 30, 2012		Expense		Expense		Tax
Other comprehensive income:
	Unrealized gain on securities available-for-sale		$      224		$        88		$       136
		Before		Income		Net of
		Income Tax		Tax		Income
Three months ended September 30, 2011		Expense		Expense		Tax
Other comprehensive income:
	Unrealized gain on securities available-for-sale,		$    (615)		$    (241)		$    (374)
		Before		Income		Net of
		Income Tax		Tax		Income
Nine months ended September 30, 2012		Benefit		Benefit		Tax
Other comprehensive loss:
	Unrealized loss on securities available-for-sale,		$    54		$      21		$    33
		Before Income		Income Tax		Net of
		Tax Expense		Expense or		Income
Nine months ended September 30, 2011		or (Benefit)		(Benefit)		Tax
Other comprehensive income (loss):
	Unrealized gain on securities available-for-sale		$     805		$      316		$      489
	Reclassification adjustment on sales of securities available-for-sale		(58)		(23)		(35)
Other comprehensive income			$     747		$      293		$      454

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Borrowings

9 Months Ended

Sep. 30, 2012

Borrowings [Abstract]

Borrowings

Note 6. Borrowings

We utilize borrowings as a supplemental source of funds for loans and securities. The primary sources of borrowings are FHLB advances and, to a limited extent, repurchase agreements. At September 30, 2012 and December 31, 2011, we had $38.3 million and $49.9 million of borrowings, respectively, of which $35.3 million and $46.9 million, respectively, were FHLB advances and $3.0 million were repurchase agreements. Our FHLB advances were comprised of fixed rate advances.

The following table sets forth borrowings based on their stated maturities and weighted average rates at the dates indicated.

	September 30, 2012					December 31, 2011
				Weighted					Weighted
				Average					Average
(Dollars in thousands)	Balance			Rate		Balance			Rate
Due in one year or less	$	3,318		3.74	%	$	8,406		4.15	%
Due in one to two years		18,000		3.60			11,497		3.68
Due in two to three years		17,000		3.56			18,000		3.41
Due in three to four years		-		-			12,000		3.82
Advances	$	38,318				$	49,903
Less: deferred premium on modification		(485	)				(614	)
Total advances	$	37,833		3.59	%	$	49,289		3.69	%

The following table sets forth information concerning our borrowings for the periods indicated.

	Nine Months	Year
	Ended	Ended
	September 30,	December 31,
(Dollars in thousands)	2012	2011
Maximum amount outstanding at any month end during the period	$         48,873	$         72,864
Average amounts outstanding during the period	45,831	58,150
Weighted average rate during the period	3.72%	3.69%

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Stock Based Compensation (Nonvested Activity) (Details) (USD $)	0 Months Ended	9 Months Ended
	Apr. 02, 2012	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	17,000	85,000
Nonvested Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Options Outstanding		64,020
Options Granted		85,000
Options Vested		(15,945)
Ending Balance, Options Outstanding		133,075
Non-vested options, Fair Value Price		3.55
Non-vested Options, Granted, Fair Value Price		3.03
Non-vested Options, Vested, Fair Value Price		3.94
Non-vested options, Fair Value Price		3.17
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Outstanding		9,632
Granted	16,240	16,240
Vested		(3,320)
Ending Balance, Outstanding		22,552
Beginning Balance, Fair-Value Price		13.90
Granted, Fair-Value Price		13.92
Vested, Fair-Value Price		14.12
Ending Balance, Fair-Value Price		13.88

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Loans

9 Months Ended

Sep. 30, 2012

Loans [Abstract]

Loans

Note 4.Loans

The following table sets forth the composition of our loan portfolio at the dates indicated (dollars in thousands).

			September 30, 2012			December 31, 2011
			Amount	Percent		Amount	Percent
Real estate-mortgage:
	One-to four- family residential
		Originated	$ 111,780	44.9	%	$ 117,622	46.0	%
		Purchased	11,343	4.6		16,304	6.4
		Total one-to four- family residential	123,123	49.5		133,926	52.4
	Multi-family
		Originated	11,207	4.5		13,122	5.1
		Purchased	4,257	1.7		5,121	2.0
		Total multi-family	15,464	6.2		18,243	7.1
	Commercial		42,328	17.0		35,307	13.8
		Total real estate-mortgage	180,915	72.7		187,476	73.3
Real estate-construction:
	Residential		3,476	1.4		3,874	1.5
	Commercial		5,795	2.3		8,308	3.3
		Total real estate-construction	9,271	3.7		12,182	4.8
Consumer:
	Home equity
		Loan-to-value ratio of 80% or less	36,903	14.9		30,679	12.0
		Loan-to-value ratio of greater than 80%	8,053	3.2		7,758	3.1
		Total home equity	44,956	18.1		38,437	15.1
	Other		1,432	0.6		1,892	0.7
		Total consumer	46,388	18.7		40,329	15.8
Commercial business			12,195	4.9		15,445	6.1
	Total loans		$ 248,769	100.0	%	$ 255,432	100.0	%
Net premiums on loans purchased			109			127
Net deferred loan costs			490			606
Loans in process			(4,695)			(7,790)
Allowance for loan losses			(3,091)			(3,098)
	Loans, net		$ 241,582			$ 245,277

 

Delinquencies. The following table provides information about delinquencies in our loan portfolio at the dates indicated (dollars in thousands). 

				September 30, 2012				December 31, 2011
				30-59	60-89	90 Days		30-59	60-89	90 Days
				Days	Days	or Greater		Days	Days	or Greater
				Past	Past	Past		Past	Past	Past
				Due	Due	Due		Due	Due	Due
Real estate - mortgage
	One-to four- family residential
		Originated		$-	$180		$330	$681	$584		$-
		Purchased		56	-		796	-	172		1,416
			Total one-to four- family residential	56	180		1,126	681	756		1,416
	Commercial			-	10		84	25	504		568
			Total real estate - mortgage	56	190		1,210	706	1,260		1,984
Consumer
	Home equity
		Loan-to-value ratio of 80% or less		-	-		-	68	-		-
		Loan-to-value ratio of greater than 80%		159	-		-	48	-		33
			Total home equity	159	-		-	116	-		33
	Other			-	-		4	1	4		-
			Total consumer	159	-		4	117	4		33
Commercial business				-	-		-	28	-		-
			Total delinquencies	$215	$        190		$1,214	$851	$1,264		$2,017

Nonperforming Assets.The following table provides information with respect to our nonperforming assets at the dates indicated (dollars in thousands).

				September 30, 2012			December 31, 2011
				Number of			Number of
				Contracts		Amount	Contracts		Amount
Nonaccrual loans:
	Real estate - mortgage loans
		One-to four- family residential
			Originated		4	$   1,322		1	$      128
			Purchased		5	965		8	1,416
			Total one-to four- family residential		9	2,287		9	1,544
		Commercial			2	432		3	568
			Total real estate - mortgage		11	2,719		12	2,112
	Consumer loans
		Home equity (loan-to-value ratio of greater than 80%)			-	-		1	33
		Other			1	4		-	-
			Total consumer		1	4		1	33
	Total nonaccrual loans				12	2,723		13	2,145
Accruing loans past due 90 days or more					-	-		-	-
	Total nonaccrual loans and accruing loans
		past due 90 days or more			12	2,723		13	2,145
Real estate owned					2	196		8	544
	Total nonperforming assets				14	$   2,919		21	$   2,689
Troubled debt restructurings
	In nonaccrual status				3	1,509		2	465
	Performing under modified terms				6	1,502		6	1,565
	Troubled debt restructurings				9	$   3,011		8	$   2,030
Total nonperforming loans to total loans						1.09			0.84
Total nonperforming assets to total assets						0.91			0.80

At December 31, 2011, nonaccrual purchased residential loans included one relationship comprised of six loans totaling $1.3 million. In the current period, two of the loans in that relationship were paid off and the remaining four loans totaling $993,000 were restructured into one loan by the Bank as a troubled debt restructuring ("TDR"). The restructuring transferred the relationship from the purchased segment to the originated segment at September 30, 2012 and represents the majority of the change in these categories in comparison to December 31, 2011.

Troubled Debt Restructurings.Loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties are considered TDRs. TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in our portfolio primarily consist of, but are not limited to, capitalization of principal and interest due, reverting from payment of principal and interest to interest-only, or extending a maturity date through a signed forbearance agreement.

TDRs are typically evaluated for any possible impairment similar to other impaired loans based on the current fair value of the collateral, less selling costs, for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan, impairment is recognized through a specific allowance for loan losses. In periods subsequent to modification, we continue to evaluate all TDRs for any additional impairment and will adjust any specific allowances accordingly.

The following table provides information related to TDRs at the dates indicated (dollars in thousands):

			In Nonaccrual				Performing Under
			Status				Modified Terms
				Pre-	Post-			Pre-	Post-
				Modification	Modification			Modification	Modification
			Number	Outstanding	Outstanding		Number	Outstanding	Outstanding
			of	Recorded	Recorded	Specific	of	Recorded	Recorded	Specific
September 30, 2012			Contracts	Investment	Investment	Allowance	Contracts	Investment	Investment	Allowance
Real estate - mortgage loans
	One-to four- family residential
		Originated	1	$993	$993	$-	-	$-	$-	$-
		Purchased	1	168	168	-	-	-	-	-
		Total one-to four- family residential	2	1,161	1,161	-	-	-	-	-
	Commercial		1	516	348	-	4	1,431	1,356	-
		Total real estate - mortgage	3	1,677	1,509	-	4	1,431	1,356	-
Consumer loans
	Home equity (loan-to-value ratio
		of 80% or less)	-	-	-	-	1	140	137	-
	Other		-	-	-	-	1	11	9	-
		Total consumer	-	-	-	-	2	151	146	-
Total troubled debt restructurings			3	$1,677	$1,509	$-	6	$1,582	$1,502	$-
			In Nonaccrual				Performing Under
			Status				Modified Terms
				Pre-	Post-			Pre-	Post-
				Modification	Modification			Modification	Modification
			Number	Outstanding	Outstanding		Number	Outstanding	Outstanding
			of	Recorded	Recorded	Specific	of	Recorded	Recorded	Specific
December 31, 2011			Contracts	Investment	Investment	Allowance	Contracts	Investment	Investment	Allowance
Real estate - mortgage loans
	Commercial		2	$516	$465	$-	4	$1,431	$1,414	$170
		Total real estate - mortgage	2	516	465	-	4	1,431	1,414	170
Consumer loans
	Home equity (loan-to-value ratio		-	-	-	-	1	140	140	-
		of 80% or less)
	Other		-	-	-	-	1	11	11	-
		Total consumer	-	-	-	-	2	151	151	-
Total troubled debt restructurings			2	$516	$465	$-	6	$1,582	$1,565	$170

The following TDR-related activity occurred during the nine months ended September 30, 2012: 

·Two residential mortgage relationships were identified as TDRs in a nonaccrual status.  

·One commercial real estate loan in nonaccrual status was paid off. 

      ·An updated appraisal was received on a commercial real estate property and it was determined that a $170,000 specific reserve was no longer necessary due to an increase in the collateral value.

Impaired Loans. The following tables summarize information in regards to impaired loans by loan portfolio class at the dates indicated (dollars in thousands).

				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
September 30, 2012		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
	One-to four- family originated residential		$ 1,278		$  1,278		$       -		$  1,367		$       -
	Commercial real estate		1,705		1,788		-		1,788		55
	Home equity (loan-to-value ratio of 80% or less)		137		137		-		139		6
	Other consumer		9		9		-		10		-
Impaired loans with an allowance recorded
	One-to four- family purchased residential		509		509		200		511		2
One-to four- family originated residential			$ 1,278		$  1,278		$       -		$  1,367		$       -
One-to four- family purchased residential			509		509		200		511		2
Commercial real estate			1,705		1,788		-		1,788		55
Home equity (loan-to-value ratio of 80% or less)			137		137		-		139		6
Other consumer			9		9		-		10		-
	Total impaired loans		$ 3,638		$  3,721		$  200		$  3,815		$       63
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
December 31, 2011		Investment		Balance		Allowance		Investment		Recognized
Impaired loans with no related allowance recorded
	One-to four- family purchased residential		$ 1,287		$  1,287		$       -		$  1,290		$       11
	Commercial real estate		1,447		1,510		-		1,484		60
	Home equity (loan-to-value ratio of 80% or less)		140		140		-		143		9
	Other consumer		11		11		-		12		1
Impaired loans with an allowance recorded
	Commercial real estate		654		654		170		663		32
One-to four- family purchased residential			$ 1,287		$  1,287		$       -		$  1,290		$       11
Commercial real estate			2,101		2,164		170		2,147		92
Home equity (loan-to-value ratio of 80% or less)			140		140		-		143		9
Other consumer			11		11		-		12		1
	Total impaired loans		$ 3,539		$  3,602		$  170		$  3,592		$     113

The following impaired loan activity occurred during the nine months ended September 30, 2012:

·At December 31, 2011, impaired loans included one purchased residential relationship comprised of six loans with a recorded investment of $1.3 million. In the current period, two of the loans in that relationship were paid off and the remaining four loans totaling $993,000 were restructured into one loan by the Bank as a TDR. The restructuring transferred the relationship from the purchased portfolio to the originated portfolio at September 30, 2012 and represents the majority of the increase in this category in comparison to December 31, 2011.

• One originated mortgage loan with a balance of $285,000 was evaluated for impairment due to the borrower declaring Chapter 13 bankruptcy and no longer making payments. It was determined based on an appraisal of the underlying loan collateral that there was sufficient collateral to cover the outstanding loan balance and, therefore, a specific allowance was not established.

·An updated appraisal was received on a commercial real estate property and it was determined that a $170,000 specific reserve was no longer necessary due to an increase in the collateral value.

• A purchased residential loan with a balance of $509,000 was deemed impaired due to the borrower's failure to make payments. It was determined based on an appraisal of the underlying loan collateral that a collateral deficiency existed and a $200,000 specific reserve was established.

·One commercial real estate loan was upgraded from substandard to special mention due to the borrower's improved financial condition. As a result, the loan was no longer deemed impaired.

Allowance for loan losses.The allowance for loan losses is a valuation allowance for probable losses inherent in the loan portfolio. We evaluate the need to establish allowances against losses on loans on a quarterly basis. When additional allowances are necessary, a provision for loan losses is charged to earnings.  

Our methodology for assessing the appropriateness of the allowance for loan losses consists of: (1) a valuation allowance on impaired loans; and (2) a valuation allowance on the remainder of the loan portfolio. Although we determine the amount of each element of the allowance separately, the entire allowance for loan losses is available for the entire portfolio. 

Allowance on Impaired Loans. We establish an allowance for loans that are individually evaluated and determined to be impaired. The allowance is determined by utilizing one of the three impairment measurement methods. At September 30, 2012, there were six loan relationships that were individually evaluated for impairment, of which five were considered TDRs. TDR and impaired loan activity and any related specific allowances were previously discussed in the "Troubled Debt Restructurings" and "Impaired Loans" sections. 

Allowance on the Remainder of the Loan Portfolio. We establish another allowance for loans that are not determined to be impaired. Management determines historical loss experience for each group of loans with similar risk characteristics within the portfolio based on loss experience for loans in each group. Loan categories will represent groups of loans with similar risk characteristics and may include types of loans categorized by product, large credit exposures, concentrations, loan grade, or any other characteristic that causes a loan's risk profile to be similar to another. We utilize previous years' net charge-off experience by loan category as a basis in determining loss projections. In addition, there are two categories of loans considered to be higher risk concentrations that are evaluated separately when calculating the allowance for loan losses: 

·Loans purchased in the secondary market.Prior to 2006, 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.  

We also consider qualitative or environmental factors that are likely to cause estimated credit losses associated with the bank's existing portfolio to differ from historical loss experience. Our historical loss experience and qualitative and environmental factors are reviewed on a quarterly basis to ensure they are reflective of current conditions in our loan portfolio and economy. In 2011, the qualitative factor related to changes in adversely graded loans was adjusted to include a factor for special mention loans. The factors related to changes in the volume and severity of past due loans, nonaccrual loans and adversely graded or classified loans and changes in the value of underlying collateral for collateral dependent loans were also adjusted specifically for the purchased residential loans due to severity of the number of past due loans in this portfolio segment and the continued deterioration of property values, primarily on Michigan properties. In addition, certain historical loss factors were adjusted to place more emphasis on recent and expected loss experience while generally excluding periods where we did not experience any losses. 

 

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2012 (dollars in thousands): 

		Real estate - mortgage														Real estate-construction			Consumer
		One-to			One-to														Home			Home
		four-			four-														equity (loan-			equity (loan-
		family			family			Multi-			Multi-								to-value			to-value ratio						Com-
		residential			residential			family			family			Com-		Resi-		Com-	ratio of 80%			of greater			Other			mercial	Unal-
		(originated)			(purchased)			(originated)			(purchased)			mercial		dential		mercial	or less)			than 80%)			Consumer			business	located			Total
Loan Balance			$ 111,780			$ 11,343			$ 11,207			$ 4,257		$ 42,328		$3,476		$5,795		$ 36,903			$8,053			$1,432		$12,195				$248,769
Allowance for loan losses:
June 30, 2012			$497			$526			$36			$122		$788		$5		$9		$414			$    263			$17		$172		$139		$2,988
	Charge-offs		-			-			-			-		-		-		-		-			-			1		-		-		1
	Recoveries		2			-			-			-		1		-		-		-			1			-		-		-		4
	Provision		(4)			64			(2)			(19)		55		-		-		(1)			(1)			1		22		(15)		100
September 30, 2012			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
December 31, 2011			$534			$465			$39			$124		$858		$6		$12		$379			$267			$24		$242		$148		$3,098
	Charge-offs		115			109			-			-		33		-		-		-			49			1		15		-		322
	Recoveries		2			-			-			-		1		-		-		-			2			-		-		-		5
	Provision		74			234			(5)			(21)		18		(1)		(3)		34			43			(6)		(33)		(24)		310
September 30, 2012			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
Individually evaluated
	for impairment		$-			$200			$-			$-		$-		$-		$-		$-			$-			$-		$-		$-		$200
Collectively evaluated
	on historical loss
	experience		146			170			-			65		109		-		-		82			110			12		2		-		696
Collectively evaluated
	on qualitative
	factors		349			220			34			38		735		5		9		331			153			5		192		-		2,071
Unallocated			-			-			-			-		-		-		-		-			-			-		-		124		124
Total allowance
for loan losses			$495			$590			$34			$103		$844		$5		$9		$413			$263			$17		$194		$124		$3,091
Percent of Allowance			16.0	%		19.1	%		1.1	%		3.3	%	27.3	%	0.2	%	0.3	%	13.4	%		8.5	%		0.5	%	6.3	%	4.0	%	100.0	%
Percent of Loans (1)			44.9	%		4.6	%		4.5	%		1.7	%	17.0	%	1.4	%	2.3	%	14.9	%		3.2	%		0.6	%	4.9	%			100.0	%

(1)Represents percentage of loans in each category to total loans.

The following table summarizes the activity in the allowance for loan losses for the three and nine months ended September 30, 2011 (dollars in thousands): 

		Real estate - mortgage														Real estate-construction			Consumer
		One-to			One-to														Home			Home
		four-			four-														equity (loan-			equity (loan-
		family			family			Multi-			Multi-								to-value			to-value ratio						Com-
		residential			residential			family			family			Com-		Resi-		Com-	ratio of 80%			of greater			Other			mercial	Unal-
		(originated)			(purchased)			(originated)			(purchased)			mercial		dential		mercial	or less)			than 80%)			Consumer			business	located			Total
Loan Balance			$ 120,975			$ 16,930			$ 13,237			$ 5,156		$ 34,252		$ 6,078		$ 5,175		$29,402			$8,005			$ 1,887		$ 13,889				$254,986
Allowance for loan losses:
June 30, 2011			$553			$392			$28			$126		$895		$11		$1		$370			$279			$25		$198		$116		$2,994
	Charge-offs		-			136			-			-		-		-		-		-			64			-		-		-		200
	Recoveries		-			-			-			-		-		-		-		-			-			-		-		-		-
	Provision		(17)			186			12			(1)		(24)		(2)		7		16			60			(1)		57		32		325
September 30, 2011		#	$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
December 31, 2010			$558			$433			$12			$127		$804		$10		$1		$294			$292			$26		$171		$96		$2,824
	Charge-offs		-			411			-			-		-		-		-		-			64			7		-		-		482
	Recoveries		-			1			-			-		-		-		-		-			-			1		-		-		2
	Provision		(22)			419			28			(2)		67		(1)		7		92			47			4		84		52		775
September 30, 2011		#	$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
Individually evaluated
	for impairment		$-			$-			$-			$-		$193		$-		$-		$9			$-			$-		$43		$-		$245
Collectively evaluated
	on historical loss
	experience		160			215			-			79		58		-		-		101			120			18		2		-		753
Collectively evaluated
	on qualitative
	factors		376			227			40			46		620		9		8		276			155			6		210		-		1,973
Unallocated			-			-			-			-		-		-		-		-			-			-		-		148		148
Total allowance
for loan losses			$536			$442			$40			$125		$871		$9		$8		$386			$275			$24		$255		$148		$3,119
Percent of Allowance			17.2	%		14.2	%		1.3	%		4.0	%	27.9	%	0.3	%	0.3	%	12.4	%		8.8	%		0.8	%	8.2	%	4.6	%	100.0	%
Percent of Loans (1)			47.5	%		6.6	%		5.2	%		2.0	%	13.4	%	2.4	%	2.0	%	11.5	%		3.2	%		0.7	%	5.5	%			100.0	%

 

(1)Represents percentage of loans in each category to total loans.

Credit Quality Information.Federal regulations require us to review and classify our assets on a regular basis. In addition, the Office of the Comptroller of the Currency ("OCC") has the authority to identify problem assets and, if appropriate, require them to be classified. There are four classifications for problem assets: special mention, substandard, doubtful and loss. The following table presents the classes of the loan portfolio and shows our credit risk profile by internally assigned risk rating at the dates indicated (dollars in thousands).

		Real estate - mortgage									Real estate-construction		Consumer
		One-to		One-to-									Home		Home
		four-		four									equity (loan-		equity (loan-
		family		family		Multi-		Multi-					to-value		to-value ratio				Com-
		residential		residential		family		family		Com-	Resi-	Com-	ratio of		of greater		Other		mercial	Loans
September 30, 2012		(originated)		(purchased)		(originated)		(purchased)		mercial	dential	mercial	80% or less)		than 80%)		Consumer		business	Total
Grade:
	Pass		$ 110,199		$ 10,378		$ 11,207		$ 4,257	$ 38,783	$ 3,476	$ 5,795		$ 36,766		$ 8,053		$ 1,419	$ 12,130	$242,463
	Special Mention		259		-		-		-	1,577	-	-		-		-		-	65	1,901
	Substandard		1,322		965		-		-	1,968	-	-		137		-		13	-	4,405
	Doubtful		-		-		-		-	-	-	-		-		-		-	-	-
	Loss		-		-		-		-	-	-	-		-		-		-	-	-
Total			$ 111,780		$ 11,343		$ 11,207		$ 4,257	$ 42,328	$ 3,476	$ 5,795		$ 36,903		$ 8,053		$ 1,432	$ 12,195	$248,769
		Real estate - mortgage									Real estate-construction		Consumer
		One-to		One-to-									Home		Home
		four-		four									equity (loan-		equity (loan-
		family		family		Multi-		Multi-					to-value		to-value ratio				Com-
		residential		residential		family		family		Com-	Resi-	Com-	ratio of		of greater		Other		mercial	Loans
December 31, 2011		(originated)		(purchased)		(originated)		(purchased)		mercial	dential	mercial	80% or less)		than 80%)		Consumer		business	Total
Grade:
	Pass		$ 117,232		$ 14,888		$ 13,122		$ 5,121	$ 31,026	$ 3,874	$ 8,308		$ 30,539		$ 7,725		$ 1,881	$ 15,445	$249,161
	Special Mention		262		-		-		-	2,076	-	-		-		-		-	-	,338
	Substandard		128		1,416		-		-	2,205	-	-		140		33		11	-	3,933
	Doubtful		-		-		-		-	-	-	-		-		-		-	-	-
	Loss		-		-		-		-	-	-	-		-		-		-	-	-
Total			$ 117,622		$ 16,304		$ 13,122		$ 5,121	$ 35,307	$ 3,874	$ 8,308		$ 30,679		$ 7,758		$ 1,892	$ 15,445	$255,432

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Deposits

9 Months Ended

Sep. 30, 2012

Deposits [Abstract]

Deposits

Note 5.  Deposits

Deposits are summarized as follows (dollars in thousands).

	September 30, 2012				December 31, 2011
	Amount		Percent		Amount		Percent
Noninterest-bearing demand deposits	$	23,972	10.9	%	$	20,536	9.3	%
Interest-bearing demand deposits		17,295	7.9			14,555	6.6
Savings accounts		24,692	11.2			22,827	10.3
Money market accounts		59,819	27.2			59,709	27.0
Certificates of deposit		94,253	42.8			103,913	46.8
Total deposits	$	220,031	100.0	%	$	221,540	100.0	%

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Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 7. Earnings Per Share

Basic earnings per common share is calculated by dividing FedFirst Financial's net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is computed in a manner similar to basic earnings per common share except that the weighted-average number of common shares outstanding is increased to include the incremental common shares (as computed using the treasury stock method) that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. Common stock equivalents include restricted stock awards and stock options. Anti-dilutive shares are common stock equivalents with weighted-average exercise prices in excess of the weighted-average market value for the periods presented. Unallocated common shares held by the Employee Stock Ownership Plan ("ESOP") are not included in the weighted-average number of common shares outstanding for purposes of calculating both basic and diluted earnings per common share until they are committed to be released.

The following table sets forth basic and diluted earnings per common share at the dates indicated.

			Three Months Ended		Nine Months Ended
			September 30,		September 30,
(Dollars in thousands, except per share amounts)			2012	2011	2012	2011
Net income of FedFirst Financial Corporation			$      649	$      290	$    1,699	$      804
Weighted-average shares outstanding:
	Basic		2,867,983	2,912,853	2,836,388	2,909,045
	Effect of dilutive stock options and
		restrictive stock awards	3,330	9,199	3,189	8,967
	Diluted		2,871,313	2,922,052	2,839,577	2,918,012
Earnings per share:
	Basic and diluted		$     0.23	$     0.10	$     0.60	$     0.28

The dilutive effect on average shares outstanding is the result of stock options outstanding. At September 30, 2012 and September 30, 2011, options to purchase 218,017 and 104,334 shares of common stock, respectively, at a weighted average exercise price of $16.39 and $19.53 per share, respectively, were outstanding but were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares.

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Securities (Schedule of Unrealized Loss on Investments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Number of Securities, Less than 12 months	2	2
Fair Value: Less than 12 months	$ 2,641	$ 2,103
Gross Unrealized Losses, Less than 12 months	16	15
Number of Securities, 12 months or more	3	3
Fair Value, 12 months or more	1,925	1,454
Gross Unrealized Losses, 12 months or more	2,070	2,541
Number of Securities, Total	5	5
Fair Value, Total	4,566	3,557
Gross Unrealized Losses, Total	2,086	2,556
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of Securities, Less than 12 months	1	1
Fair Value: Less than 12 months	1,153	572
Gross Unrealized Losses, Less than 12 months	12	4
Number of Securities, Total	1	1
Fair Value, Total	1,153	572
Gross Unrealized Losses, Total	12	4
Mortgage-backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of Securities, Less than 12 months	1
Fair Value: Less than 12 months	1,488
Gross Unrealized Losses, Less than 12 months	4
Number of Securities, Total	1
Fair Value, Total	1,488
Gross Unrealized Losses, Total	4
REMICs [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of Securities, Less than 12 months		1
Fair Value: Less than 12 months		1,531
Gross Unrealized Losses, Less than 12 months		11
Number of Securities, Total		1
Fair Value, Total		1,531
Gross Unrealized Losses, Total		11
Corporate debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of Securities, 12 months or more	3	3
Fair Value, 12 months or more	1,925	1,454
Gross Unrealized Losses, 12 months or more	2,070	2,541
Number of Securities, Total	3	3
Fair Value, Total	1,925	1,454
Gross Unrealized Losses, Total	$ 2,070	$ 2,541

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Fair Value Measurements and Fair Values of Financial Instruments (Schedule of Significant Unobservable Inputs (Level 3)) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Fair Value Measurements and Fair Values of Financial Instruments [Abstract]
Significant Unobservable Inputs (Level 3),	$ 1,486	$ 1,278
Total unrealized losses (gains)	471	214
Paydowns and maturities	(11)	(6)
Net transfers out of level 3	(21)
Significant Unobservable Inputs (Level 3),	$ 1,925	$ 1,486

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Loans (Policies)

9 Months Ended

Sep. 30, 2012

Loans [Abstract]

Allowance for Loan Losses [Policy Text Block]

Allowance for loan losses.The allowance for loan losses is a valuation allowance for probable losses inherent in the loan portfolio. We evaluate the need to establish allowances against losses on loans on a quarterly basis. When additional allowances are necessary, a provision for loan losses is charged to earnings.  

Our methodology for assessing the appropriateness of the allowance for loan losses consists of: (1) a valuation allowance on impaired loans; and (2) a valuation allowance on the remainder of the loan portfolio. Although we determine the amount of each element of the allowance separately, the entire allowance for loan losses is available for the entire portfolio. 

Allowance on Impaired Loans. We establish an allowance for loans that are individually evaluated and determined to be impaired. The allowance is determined by utilizing one of the three impairment measurement methods. At September 30, 2012, there were six loan relationships that were individually evaluated for impairment, of which five were considered TDRs. TDR and impaired loan activity and any related specific allowances were previously discussed in the "Troubled Debt Restructurings" and "Impaired Loans" sections. 

Allowance on the Remainder of the Loan Portfolio. We establish another allowance for loans that are not determined to be impaired. Management determines historical loss experience for each group of loans with similar risk characteristics within the portfolio based on loss experience for loans in each group. Loan categories will represent groups of loans with similar risk characteristics and may include types of loans categorized by product, large credit exposures, concentrations, loan grade, or any other characteristic that causes a loan's risk profile to be similar to another. We utilize previous years' net charge-off experience by loan category as a basis in determining loss projections. In addition, there are two categories of loans considered to be higher risk concentrations that are evaluated separately when calculating the allowance for loan losses: 

·Loans purchased in the secondary market.Prior to 2006, 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.  

We also consider qualitative or environmental factors that are likely to cause estimated credit losses associated with the bank's existing portfolio to differ from historical loss experience. Our historical loss experience and qualitative and environmental factors are reviewed on a quarterly basis to ensure they are reflective of current conditions in our loan portfolio and economy. In 2011, the qualitative factor related to changes in adversely graded loans was adjusted to include a factor for special mention loans. The factors related to changes in the volume and severity of past due loans, nonaccrual loans and adversely graded or classified loans and changes in the value of underlying collateral for collateral dependent loans were also adjusted specifically for the purchased residential loans due to severity of the number of past due loans in this portfolio segment and the continued deterioration of property values, primarily on Michigan properties. In addition, certain historical loss factors were adjusted to place more emphasis on recent and expected loss experience while generally excluding periods where we did not experience any losses. 

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share [Table Text Block]

			Three Months Ended		Nine Months Ended
			September 30,		September 30,
(Dollars in thousands, except per share amounts)			2012	2011	2012	2011
Net income of FedFirst Financial Corporation			$      649	$      290	$    1,699	$      804
Weighted-average shares outstanding:
	Basic		2,867,983	2,912,853	2,836,388	2,909,045
	Effect of dilutive stock options and
		restrictive stock awards	3,330	9,199	3,189	8,967
	Diluted		2,871,313	2,922,052	2,839,577	2,918,012
Earnings per share:
	Basic and diluted		$     0.23	$     0.10	$     0.60	$     0.28

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Earnings Per Share (Details) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Weighted average excercise price	$ 16.08		$ 16.86
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	218,017	104,334
Stock Options [Member]
Weighted average excercise price	$ 16.39	19.53

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Loans (Schedule of Impaired Loans by Loan Portfolio Class) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Total impaired loans, Recorded Investment	$ 3,638	$ 3,539
Total impaired loans, Unpaid Principal Balance	3,721	3,602
Impaired loans with an allowance recorded, Related Allowance	200	170
Total impaired loans, Average Recorded Investment	3,815	3,592
Total impaired loans, Interest Income Recognized	63	113
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	1,705	1,447
Impaired loans with an allowance recorded, Recorded Investment		654
Total impaired loans, Recorded Investment	1,705	2,101
Impaired loans with no related allowance recorded, Unpaid Principal Balance	1,788	1,510
Impaired loans with an allowance recorded, Unpaid Principal Balance		654
Total impaired loans, Unpaid Principal Balance	1,788	2,164
Impaired loans with an allowance recorded, Related Allowance		170
Impaired loans with no related allowance recorded, Average Recorded Investment	1,788	1,484
Impaired loans with an allowance recorded, Average Recorded Investment		663
Total impaired loans, Average Recorded Investment	1,788	2,147
Impaired loans with no related allowance recorded, Interest Income Recognized	55	60
Impaired loans with an allowance recorded, Interest Income Recognized		32
Total impaired loans, Interest Income Recognized	55	92
Home equity Loan-to-Value Ratio of 80% Or Less [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	137	140
Total impaired loans, Recorded Investment	137	140
Impaired loans with no related allowance recorded, Unpaid Principal Balance	137	140
Total impaired loans, Unpaid Principal Balance	137	140
Impaired loans with no related allowance recorded, Average Recorded Investment	139	143
Total impaired loans, Average Recorded Investment	139	143
Impaired loans with no related allowance recorded, Interest Income Recognized	6	9
Total impaired loans, Interest Income Recognized	6	9
Other consumer [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	9	11
Total impaired loans, Recorded Investment	9	11
Impaired loans with no related allowance recorded, Unpaid Principal Balance	9	11
Total impaired loans, Unpaid Principal Balance	9	11
Impaired loans with no related allowance recorded, Average Recorded Investment	10	12
Total impaired loans, Average Recorded Investment	10	12
Impaired loans with no related allowance recorded, Interest Income Recognized		1
Total impaired loans, Interest Income Recognized		1
Purchased [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment		1,287
Impaired loans with an allowance recorded, Recorded Investment	509
Total impaired loans, Recorded Investment	509	1,287
Impaired loans with no related allowance recorded, Unpaid Principal Balance		1,287
Impaired loans with an allowance recorded, Unpaid Principal Balance	509
Total impaired loans, Unpaid Principal Balance	509	1,287
Impaired loans with an allowance recorded, Related Allowance	200
Impaired loans with no related allowance recorded, Average Recorded Investment		1,290
Impaired loans with an allowance recorded, Average Recorded Investment	511
Total impaired loans, Average Recorded Investment	511	1,290
Impaired loans with no related allowance recorded, Interest Income Recognized		11
Impaired loans with an allowance recorded, Interest Income Recognized	2
Total impaired loans, Interest Income Recognized	2	11
Originated [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	1,278
Total impaired loans, Recorded Investment	1,278
Impaired loans with no related allowance recorded, Unpaid Principal Balance	1,278
Total impaired loans, Unpaid Principal Balance	1,278
Impaired loans with no related allowance recorded, Average Recorded Investment	1,367
Total impaired loans, Average Recorded Investment	$ 1,367

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Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements of Comprehensive Income [Abstract]
Net income before noncontrolling interest in net income of consolidated subsidiary	$ 654	$ 285	$ 1,725	$ 827
Other comprehensive income (loss):
Other comprehensive income (loss): Unrealized gain (loss) on securities available-for-sale, net of income tax expense (benefit)	136	(374)	33	489
Other comprehensive income (loss): Reclassification adjustment on sales of securities available-for-sale, net of income tax benefit				(35)
Other comprehensive income (loss), net of income tax expense (benefit)	136	(374)	33	454
Comprehensive income (loss)	790	(89)	1,758	1,281
Less: Comprehensive income attributable to the noncontrolling interest in subsidiary	5	(5)	26	23
Comprehensive income (loss) attributable to FedFirst Financial Corporation	$ 785	$ (84)	$ 1,732	$ 1,258

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Basis of Presentation/Nature of Operations

9 Months Ended

Sep. 30, 2012

Basis of Presentation/Nature of Operations [Abstract]

Basis of Presentation/Nature of Operations

Note 1. Basis of Presentation/Nature of Operations

The accompanying unaudited Consolidated Financial Statements include the accounts of FedFirst Financial Corporation ("FedFirst Financial" or the "Company"), a stock holding company established in 2010, whose wholly owned subsidiary is First Federal Savings Bank ("First Federal" or the "Bank"), a federally chartered stock savings bank, which owns FedFirst Exchange Corporation ("FFEC"). FFEC has an 80% controlling interest in Exchange Underwriters, Inc. ("Exchange Underwriters"). Exchange Underwriters is a full-service, independent insurance agency that offers property and casualty, commercial liability, surety and other insurance products. All significant intercompany transactions have been eliminated.

First Federal operates as a community-oriented financial institution offering residential, multi-family and commercial mortgages, consumer loans and commercial business loans as well as a variety of deposit products for individuals and businesses from seven locations in southwestern Pennsylvania. On October 26, 2012, the Company consolidated its Donora office due to its close proximity to other branch locations. First Federal conducts insurance brokerage activities through Exchange Underwriters. The Bank is subject to competition from other financial institutions and to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities.

The unaudited consolidated financial statements were prepared in accordance with instructions to Form 10-Q and, therefore, do not include information or notes necessary for a complete presentation of financial position, results of operations, changes in stockholders' equity and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"). However, all normal recurring adjustments that, in the opinion of management, are necessary to make the consolidated financial statements not misleading have been included. These interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2011. The results of operations for the nine months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the full year or any other interim period.

The Company evaluated subsequent events through the date the consolidated financial statements were filed with the Securities and Exchange Commission and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification ("ASC") Topic 855, Subsequent Events, to be recognizable events.

In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill impairment, and the valuation of deferred tax assets.

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Stock Based Compensation (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	0 Months Ended	3 Months Ended		9 Months Ended
	Apr. 02, 2012	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	17,000			85,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period, Percentage Per Year	20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	10 years
Stock Options Granted, Actual Exercise Price	$ 13.92
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price	$ 3.14
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.86%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.02%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	22.60%
Share-based Compensation		$ 39	$ 40	$ 108	$ 187
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized				692		316
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition				4 years 3 months
Stock Based Compensation - 2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				214,787
Stock Based Compensation - 2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				204,218
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted During Period, Value, Share-based Compensation, Net of Forfeitures	53
Stock Options [Member] | Stock Based Compensation - 2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				153,419
Stock Options [Member] | Stock Based Compensation - 2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				145,870
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	16,240			16,240
Stock Granted During Period, Value, Share-based Compensation, Net of Forfeitures	$ 226
Restricted Stock [Member] | Stock Based Compensation - 2006 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				61,367
Restricted Stock [Member] | Stock Based Compensation - 2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				58,348

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Fair Value Measurements and Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements and Fair Values of Financial Instruments [Abstract]

Schedule of Fair Value Measurements by Fair Value Hierarchy for Assets Measured on a Recurring Basis [Table Text Block]

(Dollars in thousands)			September 30, 2012		December 31, 2011
Significant other observable inputs (Level 2)
	Securities available-for-sale
		Government-sponsored enterprises		$         -		$     2,003
		Municipal bonds		9,226		7,125
		Mortgage-backed		14,841		17,512
		REMICs		22,586		24,318
		Equities		4		4
		Total significant other observerable inputs (Level 2)		46,657		50,962
Significant unobservable inputs (Level 3)
	Securities available-for-sale
		Mortgage-backed		-		32
		Corporate debt		1,925		1,454
		Total significant unobservable inputs (Level 3)		1,925		1,486
	Total securities available-for-sale			$   48,582		$   52,448
Total assets measured at fair value on a recurring basis				$   48,582		$   52,448

Schedule of Significant Unobservable Inputs (Level 3) [Table Text Block]

			Significant
			Unobservable Inputs
(Dollars in thousands)			(Level 3)
December 31, 2010			$     1,278
	Total unrealized gains		214
	Paydowns and maturities		(6)
December 31, 2011			$     1,486
	Total unrealized gains		471
	Paydowns and maturities		(11)
	Net transfers out of level 3		(21)
September 30, 2012			$     1,925
(Dollars in thousands)		September 30, 2012		December 31, 2011
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 end			$       471		$     214

Schedule of Significant Unobservable Inputs Used in the Fair Value Measurements [Table Text Block]

(Dollars in thousands)		Fair Value	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Securities available-for-sale
	Corporate Debt	$    1,925	Discounted cash flow	Average probability of default	4.08%
				Correlation	50% for issuers in the same industry
				Deferral/default recovery rate	0% on currently defaulted/deferring assets and projected defaults
				Prepayment	0%

Schedule of Fair Value Measurements by Fair Value Hierarchy for Assets Measured on a Nonrecurring Basis [Table Text Block]

		September 30, 2012		December 31, 2011
(Dollars in thousands)		Carrying Value	Fair Value	Carrying Value	Fair Value
Significant other observable inputs (Level 2)
	Impaired loans	$     3,638	$     3,438	$     3,539	$     3,369
	Real estate owned	196	196	544	544
Total assets measured at fair value
	on a nonrecurring basis	$     3,834	$     3,634	$     4,083	$     3,913

Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments [Table Text Block]

		Carrying	Estimated	Fair Value Measurements
September 30, 2012		Amount	Fair Value	Level 1	Level 2	Level 3
Financial assets:
	Cash and cash equivalents	$ 10,517	$  10,517	$10,517	$         -	$         -
	Securities available-for-sale	48,582	48,582	-	46,657	1,925
	Loans, net	241,582	255,450	-	3,438	252,012
	FHLB stock	4,358	4,358	4,358	-	-
	Accrued interest receivable	1,110	1,110	1,110	-	-
Financial liabilities:
	Deposits	220,031	222,179	125,778	96,401	-
	Borrowings	37,833	39,954	-	39,954	-
	Accrued interest payable	291	291	291	-	-
		Carrying	Estimated
December 31, 2011		Amount	Fair Value
Financial assets:
	Cash and cash equivalents	$ 14,571	$  14,571
	Securities available-for-sale	52,448	52,448
	Loans, net	245,277	256,446
	FHLB stock	5,340	5,340
	Accrued interest receivable	1,244	1,244
Financial liabilities:
	Deposits	221,540	224,371
	Borrowings	49,289	52,179
	Accrued interest payable	430	430

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Loans (Schedule of Delinquencies in the Loan Portfolio) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	$ 215	$ 851
60 to 89 Days Past Due	190	1,264
90 Days or Greater Past Due	1,214	2,017
One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	56	681
60 to 89 Days Past Due	180	756
90 Days or Greater Past Due	1,126	1,416
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due		25
60 to 89 Days Past Due	10	504
90 Days or Greater Past Due	84	568
Total real estate-mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	56	706
60 to 89 Days Past Due	190	1,260
90 Days or Greater Past Due	1,210	1,984
Home equity Loan-to-Value Ratio of 80% Or Less [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due		68
Home equity Loan-to-Value Ratio Of Greater Than 80% [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	159	48
90 Days or Greater Past Due		33
Total home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	159	116
90 Days or Greater Past Due		33
Other consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due		1
60 to 89 Days Past Due		4
90 Days or Greater Past Due	4
Total consumer[Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	159	117
60 to 89 Days Past Due		4
90 Days or Greater Past Due	4	33
Commercial business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due		28
Originated [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due		681
60 to 89 Days Past Due	180	584
90 Days or Greater Past Due	330
Purchased [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30 to 59 Days Past Due	56
60 to 89 Days Past Due		172
90 Days or Greater Past Due	$ 796	$ 1,416

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Stock Based Compensation

9 Months Ended

Sep. 30, 2012

Stock Based Compensation

Stock Based Compensation

Note 11.Stock Based Compensation

In 2006, the Company's stockholders approved the 2006 Equity Incentive Plan (the "2006 Plan"). The purpose of the 2006 Plan is to promote the Company's success and enhance its value by linking the personal interests of its employees, officers, directors and directors emeritus to those of the Company's stockholders, and by providing participants with an incentive for outstanding performance. All of the Company's salaried employees, officers and directors are eligible to participate in the 2006 Plan. The 2006 Plan authorizes the granting of options to purchase shares of the Company's stock, which may be non-statutory stock options or incentive stock options, and restricted stock which is subject to restrictions on transferability and subject to forfeiture. The 2006 Plan reserved an aggregate number of 214,787 shares of which 153,419 may be issued in connection with the exercise of stock options and 61,367 may be issued as restricted stock.

In 2011, the Company's stockholders approved the 2011 Equity Incentive Plan (the "2011 Plan"). The 2011 Plan's details related to purpose, eligibility, and granting of shares are the same as noted above for the 2006 Plan. The 2011 Plan reserved an aggregate number of 204,218 shares of which 145,870 may be issued in connection with the exercise of stock options and 58,348 may be issued as restricted stock.

On April 2, 2012, certain directors, executive officers and key employees of the Company were awarded an aggregate of 16,240 restricted shares of common stock and 17,000 options to purchase shares of common stock. The awards vest over five years at the rate of 20% per year and the stock options have a 10 year contractual life from the date of grant. The Company's common stock closed at $13.92 per share on April 2, 2012, which is the exercise price of the options granted on that date. The market value of the restricted stock awards was approximately $226,000, before the impact of income taxes. The estimated value of the stock options was $53,000, before the impact of income taxes. The per share weighted-average fair value of stock options granted with an exercise price equal to the market value on April 2, 2012 was $3.14 using the following Black-Scholes-Merton option pricing model assumptions: expected life of seven years, expected dividend rate of 0.86%, risk-free interest rate of 1.02% and an expected volatility of 22.6%, based on historical results.

The Company recognizes expense associated with the awards over the five-year vesting period in accordance with ASC 718 Compensation - Stock Compensation and ASC 505-50 Equity-Based Payments to Non-Employees. Compensation expense was $39,000 for the three months ended September 30, 2012 compared to $40,000 for the three months ended September 30, 2011. For the nine months ended September 30, 2012, compensation expense was $108,000 compared to $187,000 for the nine months ended September 30, 2011. As of September 30, 2012, there was $692,000 of total unrecognized compensation cost related to nonvested stock-based compensation compared to $316,000 at December 31, 2011. The compensation expense at September 30, 2012 is expected to be recognized ratably over the weighted average remaining service period of 4.25 years.

		Stock Options
				Weighted		Weighted
		Number		Average		Average
		of		Exercise		Remaining
Stock-Based Compensation		Shares		Price		Term
Outstanding at January 1, 2012			140,119		$  16.86		6.86
	Granted		85,000		14.78
	Exercised or converted		-		-
	Forfeited		-		-
	Expired		-		-
Outstanding at September 30, 2012			225,119		$  16.08		7.54
Exercisable at September 30, 2012			92,044		$  18.75		4.79

		Stock Options				Restricted Stock Awards
		Number of		Fair-Value		Number of		Fair-Value
		Shares		Price		Shares		Price
Nonvested at December 31, 2011			64,020		$    3.55		9,632		$ 13.90
	Granted		85,000		3.03		16,240		13.92
	Vested		(15,945)		3.94		(3,320)		14.12
	Forfeited		-		-		-		-
Nonvested at September 30, 2012			133,075		$    3.17		22,552		$ 13.88