10-K/A

================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                 ---------------
                               Amendment No. 1 to
                                    FORM 10-K
(Mark One)

[ X ]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

           For the fiscal year ended December 31, 1997

                                       or

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

                     Commission File Number ________________

                         FIRST DEFIANCE FINANCIAL CORP.
             (Exact name of registrant as specified in its charter)

             OHIO                                       34-1803915
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
 incorporation or organization)          


   601 Clinton Street, Defiance, Ohio                      43512
(Address of principal executive offices)                (Zip code)


        Registrants telephone number, including area code: (419) 782-5015

           Securities registered pursuant to Section 12(b) of the Act:
                                     (None)

           Securities registered pursuant to Section 12(g) of the Act:
                     Common Stock, Par Value $0.01 Per Share
                                (Title of class)

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

         Indicate by check mark if disclosure of delinquent  filers  pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained to
the best of Registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ X ]

         As of March 26,  1998,  there  were  issued and  outstanding  8,123,171
shares of the Registrants common stock.

         The aggregate  market value of the voting stock held by  non-affiliates
of the Registrant computed by reference to the average bid and ask price of such
stock as of March 26, 1998 was approximately $126.7 million.

                               -----------------

                      Documents Incorporated by References

        List hereunder the following  documents  incorporated  by reference and
the Part of the Form 10-K into which the document is incorporated.

(1)  Portions of the  Registrant's  Annual Report to Stockholders for the fiscal
     year ended  December 31, 1997 are  incorporated  into Part II, Items 5-8 of
     this Form 10-K.
(2)  Portions of the Registrant's definitive proxy statement for its 1998 Annual
     Meeting of Stockholders are incorporated into Part III, Items 10-13 of this
     Form 10-K.



                                   SIGNATURES

         Pursuant to the  requirements of Sections 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.



                                                  FIRST DEFIANCE FINANCIAL CORP.


March 27, 1998                                    By:   /s/ Don C. Van Brackel
                                                        ----------------------
                                                        Don C. Van Brackel
                                                        Chairman, President, CEO

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
this  report has been  signed  below by the  following  persons on behalf of the
Registrant and in the capacities indicated on March 27, 1998.

     Signature                                            Title
     ---------                                            -----

/s/ Don C. Van Brackel                        Chairman of the Board, President 
- ----------------------                        and CEO
Don C. Van Brackel                             

/s/ John C. Wahl                              Senior Vice President and CFO
- ----------------
John C. Wahl

/s/ Edwin S. Charles                          Director, Vice Chairman
- --------------------
Edwin S. Charles

/s/ Stephen L. Boomer                         Director
- ---------------------
Stephen L. Boomer

/s/ Dr. Douglas A. Burgei                     Director
- -------------------------
Dr. Douglas A. Burgei


/s/ Dr. John U. Fauster, III                  Director
- ----------------------------
Dr. John U. Fauster, III

/s/ Dr. Marvin J. Ludwig                      Director
- ------------------------
Dr. Marvin J. Ludwig

/s/ Gerald W. Monnin                          Director
- --------------------
Gerald W. Monnin

/s/ Thomas A. Voigt                           Director
- -------------------
Thomas A. Voigt

/s/ James M. Zachrich                         Director
- ---------------------
James M. Zachrich

EX-27.1

 

<ARTICLE> 9
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                           8,149
<INT-BEARING-DEPOSITS>                             848
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     82,436
<INVESTMENTS-CARRYING>                          20,953
<INVESTMENTS-MARKET>                            21,370
<LOANS>                                        444,597
<ALLOWANCE>                                      2,686
<TOTAL-ASSETS>                                 579,698
<DEPOSITS>                                     395,322
<SHORT-TERM>                                    67,135
<LIABILITIES-OTHER>                              5,827
<LONG-TERM>                                      4,530
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            85
<OTHER-SE>                                     106,800
<TOTAL-LIABILITIES-AND-EQUITY>                 579,698
<INTEREST-LOAN>                                 37,302
<INTEREST-INVEST>                                6,458
<INTEREST-OTHER>                                    98
<INTEREST-TOTAL>                                43,858
<INTEREST-DEPOSIT>                              17,992
<INTEREST-EXPENSE>                              21,387
<INTEREST-INCOME-NET>                           22,471
<LOAN-LOSSES>                                    1,613
<SECURITIES-GAINS>                                 103
<EXPENSE-OTHER>                                 14,093
<INCOME-PRETAX>                                  8,392
<INCOME-PRE-EXTRAORDINARY>                       5,407
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,407
<EPS-PRIMARY>                                     0.65
<EPS-DILUTED>                                     0.62
<YIELD-ACTUAL>                                    4.24
<LOANS-NON>                                      1,365
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<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,217
<CHARGE-OFFS>                                    1,341
<RECOVERIES>                                       197
<ALLOWANCE-CLOSE>                                2,686
<ALLOWANCE-DOMESTIC>                             2,686
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

 

EX-27.2

 

<ARTICLE> 9

<MULTIPLIER> 1,000
       
                                                                                                                  
<PERIOD-TYPE>                   YEAR             YEAR              3-MOS             6-MOS              9-MOS                       
<FISCAL-YEAR-END>               DEC-31-1995      DEC-31-1996       DEC-31-1996       DEC-31-1996        DEC-31-1996      
<PERIOD-END>                    DEC-31-1995      DEC-31-1996       MAR-31-1996       JUN-30-1996        SEP-30-1996      
<CASH>                                4,394            3,102             3,707             3,539              2,702      
<INT-BEARING-DEPOSITS>                4,291            1,650             4,565             2,812              2,299      
<FED-FUNDS-SOLD>                          0                0                 0                 0                  0      
<TRADING-ASSETS>                          0                0                 0                 0                  0      
<INVESTMENTS-HELD-FOR-SALE>          93,041           77,407            88,809            77,176             70,885      
<INVESTMENTS-CARRYING>               26,073           25,937            24,578            23,210             22,235      
<INVESTMENTS-MARKET>                 26,692           26,325            25,000            23,462             22,505      
<LOANS>                             387,020          415,925           393,786           399,176            410,052      
<ALLOWANCE>                           1,817            2,217             1,896             1,942              2,019      
<TOTAL-ASSETS>                      525,550          543,411           528,222           520,666            524,247      
<DEPOSITS>                          381,779          382,525           383,710           384,604            380,760      
<SHORT-TERM>                              0           35,220                 0                 0             12,000      
<LIABILITIES-OTHER>                   3,422            3,500             3,663             3,512              5,102      
<LONG-TERM>                           6,842            5,601             6,662             5,945              5,719      
<PREFERRED-MANDATORY>                     0                0                 0                 0                  0      
<PREFERRED>                               0                0                 0                 0                  0      
<COMMON>                                110               95               110               104                 99      
<OTHER-SE>                          133,396          116,470           134,077           126,501            120,509      
<TOTAL-LIABILITIES-AND-EQUITY>      525,550          543,411           528,222           520,666            524,247      
<INTEREST-LOAN>                      32,003           34,635             8,431            16,999             25,743      
<INTEREST-INVEST>                     5,915            6,430             1,731             3,366              4,849      
<INTEREST-OTHER>                        647              192                75               125                161      
<INTEREST-TOTAL>                     38,565           41,257            10,237            20,490             30,753      
<INTEREST-DEPOSIT>                   18,857           18,579             4,779             9,438             14,043      
<INTEREST-EXPENSE>                   20,289           19,459             4,895             9,673             14,455      
<INTEREST-INCOME-NET>                18,276           21,798             5,342            10,817             16,298      
<LOAN-LOSSES>                           377            1,020               163               344                608      
<SECURITIES-GAINS>                      (75)              25                 0                 0                  0      
<EXPENSE-OTHER>                      10,560           15,958             3,201             6,314             12,231      
<INCOME-PRETAX>                       8,377            6,148             2,286             4,752              4,373      
<INCOME-PRE-EXTRAORDINARY>            5,521            4,151             1,535             3,210              2,976      
<EXTRAORDINARY>                           0                0                 0                 0                  0      
<CHANGES>                                 0                0                 0                 0                  0      
<NET-INCOME>                          5,521            4,151             1,535             3,210              2,976      
<EPS-PRIMARY>                           .54              .43               .15               .32                .30      
<EPS-DILUTED>                           .53              .42               .15               .31                .30      
<YIELD-ACTUAL>                         3.87             4.31              4.23              4.35               4.32      
<LOANS-NON>                             772              411             1,142               795                981      
<LOANS-PAST>                              0                0                 0                 0                  0      
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<LOANS-PROBLEM>                           0                0                 0                 0                  0      
<ALLOWANCE-OPEN>                      1,733            1,817             1,817             1,817              1,817      
<CHARGE-OFFS>                           344              775               111               282                502      
<RECOVERIES>                             51              156                27                64                 96      
<ALLOWANCE-CLOSE>                     1,817            2,217             1,896             1,942              2,019      
<ALLOWANCE-DOMESTIC>                  1,817            2,217             1,896             1,942              2,019      
<ALLOWANCE-FOREIGN>                       0                0                 0                 0                  0      
<ALLOWANCE-UNALLOCATED>                   0                0                 0                 0                  0      
                                                              

 

EX-27.3

 
                                                 
<ARTICLE> 9                                            

                                                       
                                                                                           
<PERIOD-TYPE>                   3-MOS                  6-MOS                   9-MOS                   
<FISCAL-YEAR-END>                          DEC-31-1997            DEC-31-1997             DEC-31-1997  
<PERIOD-END>                               MAR-31-1997            JUN-30-1997             SEP-30-1997  
<CASH>                                           2,473                  4,362                   4,251  
<INT-BEARING-DEPOSITS>                           2,736                    847                     328  
<FED-FUNDS-SOLD>                                     0                      0                       0  
<TRADING-ASSETS>                                     0                      0                       0  
<INVESTMENTS-HELD-FOR-SALE>                     72,838                 71,138                  88,920  
<INVESTMENTS-CARRYING>                          24,712                 23,577                  22,521  
<INVESTMENTS-MARKET>                            25,371                 23,994                  22,998  
<LOANS>                                        423,535                432,082                 436,153  
<ALLOWANCE>                                      2,327                  2,425                   2,565  
<TOTAL-ASSETS>                                 546,060                552,225                 574,364  
<DEPOSITS>                                     378,261                383,393                 383,997  
<SHORT-TERM>                                    41,220                 42,535                  67,835  
<LIABILITIES-OTHER>                              4,193                  3,690                   4,930  
<LONG-TERM>                                      5,432                  4,865                   4,696  
<PREFERRED-MANDATORY>                                0                      0                       0  
<PREFERRED>                                          0                      0                       0  
<COMMON>                                            94                     94                      90  
<OTHER-SE>                                     116,860                117,648                 112,816  
<TOTAL-LIABILITIES-AND-EQUITY>                 546,060                552,225                 574,364  
<INTEREST-LOAN>                                  9,031                 18,251                  27,716  
<INTEREST-INVEST>                                1,558                  3,059                   4,855  
<INTEREST-OTHER>                                    11                     44                      80  
<INTEREST-TOTAL>                                10,601                 21,354                  32,651  
<INTEREST-DEPOSIT>                               4,347                  8,833                  13,392  
<INTEREST-EXPENSE>                               4,966                 10,149                  15,739  
<INTEREST-INCOME-NET>                            5,635                 11,205                  16,912  
<LOAN-LOSSES>                                      365                    646                   1,161  
<SECURITIES-GAINS>                                   6                     12                      76  
<EXPENSE-OTHER>                                  3,254                  6,632                  10,119  
<INCOME-PRETAX>                                  2,352                  4,620                   6,772  
<INCOME-PRE-EXTRAORDINARY>                       1,557                  3,079                   4,462  
<EXTRAORDINARY>                                      0                      0                       0  
<CHANGES>                                            0                      0                       0  
<NET-INCOME>                                     1,557                  3,079                   4,462  
<EPS-PRIMARY>                                      .18                    .36                     .52  
<EPS-DILUTED>                                      .17                    .34                     .50  
<YIELD-ACTUAL>                                    4.36                   4.29                    4.29  
<LOANS-NON>                                      1,935                  2,236                   2,229  
<LOANS-PAST>                                         0                      0                       0  
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<CHARGE-OFFS>                                      285                    512                     965  
<RECOVERIES>                                        31                     74                     152  
<ALLOWANCE-CLOSE>                                2,327                  2,425                   2,565  
<ALLOWANCE-DOMESTIC>                             2,327                  2,425                   2,565  
<ALLOWANCE-FOREIGN>                                  0                      0                       0  
<ALLOWANCE-UNALLOCATED>                              0                      0                       0