EMPLOYMENT AGREEMENT EXTENSION

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EXHIBIT 10.3

EMPLOYMENT AGREEMENT EXTENSION

This EMPLOYMENT AGREEMENT EXTENSION (hereinafter referred to as this

"AGREEMENT EXTENSION"), is entered into effective the 8th day of April, 2005, by

and between The Franklin Savings and Loan Company, a savings and loan

association incorporated under the laws of the State of Ohio (hereinafter

referred to as the "EMPLOYER") and Gretchen J. Schmidt, an individual

(hereinafter referred to as the "EMPLOYEE");

WITNESSETH:

WHEREAS, the EMPLOYEE is currently employed as the Vice President of

Operations of the EMPLOYER; and

WHEREAS, the EMPLOYER and the EMPLOYEE are parties to an employment

agreement dated March 7, 2002 (the "EMPLOYMENT AGREEMENT"); and

WHEREAS, Section 1 of the EMPLOYMENT AGREEMENT provides that the Board

of Directors of the EMPLOYER may extend the term of the EMPLOYMENT AGREEMENT for

a one-year term beyond the then effective expiration date, provided the Board

has determined that the EMPLOYMENT AGREEMENT should be extended; and

WHEREAS, as a result of the ski