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Cheviot Financial Corp. Reports Second Quarter and Six Month Earnings

Cheviot Financial Corp. Reports Second Quarter and Six Month Earnings CINCINNATI, Ohio – July 19, 2005 – Cheviot Financial Corp. (NASDAQ: CHEV), the parent company of Cheviot Savings Bank, today reported net earnings in the second fiscal quarter of 2005 of $424,000, or 4 cents per share compared with net earnings of $590,000 for the second fiscal quarter of 2004. Net earnings for the six months ended June 30, 2005 of $1.1 million, or $.11 per share, an increase of $1.2 million over results of operations recorded in the comparable six month period in 2004. The $166,000 decline in 2005 second quarter net earnings is due to a $97,000 increase in net interest and other income, and a $106,000 in federal taxes, which were more than offset by a $369,000 increase in general and administrative expense. The enhanced 2005 six month results were generally driven by healthy increases of $250,000 in net interest income after provision for loan losses, and $75,000 in other income, as well as the absence of a $1.5 million charitable contribution in the 2004 six month period. These favorable aspects of 2005 operations were partially offset by an approximate $475,000 increase in general and administrative expense, reflective of increased incentive compensation and franchise tax costs associated with the Company’s conversion to the stock form of ownership. At June 30, 2005, Cheviot Financial Corp. had consolidated total assets of $281.2 million, total liabilities of $203.5 million, including deposits of $180.9 million, and shareholders’ equity of $77.6 million, or 27.6% of total assets. Cheviot Savings Bank was established in 1911 and currently has four full-service offices in Hamilton County, Ohio, as well as one loan production office in Mason, Ohio. # # # "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this release which are not historical facts are forward-looking and involve risks and uncertainties. The company undertakes no obligation to update any forward-looking statement.

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