SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].
For the fiscal year ended December 31, 2006
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [NO FEE REQUIRED].
For the transition period from _______________ to ______________________
Commission File Number 000-50-529
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A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Cheviot Savings Bank 401(k) Retirement Savings Plan
B: Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Cheviot Financial Corp.
3723 Glenmore Avenue
Cheviot, Ohio 45211
SUMMARY ANNUAL REPORT
for
THE CHEVIOT BUILDING AND LOAN CO. 401(K)
RETIREMENT SAVINGS PLAN AND TRUST
This is a summary of the annual report for The Cheviot Building and Loan Co.
401(k) Retirement Savings Plan and Trust, (Employer Identification No.
31-0238110, Plan No. 002) for period January 1, 2006 to December 31, 2006. The
annual report has been filed with the Employee Benefits Security Administration,
as required under the Employee Retirement Income Security Act of 1974 (ERISA).
BASIC FINANCIAL STATEMENT
Benefits under the plan are provided by a trust (benefits are provided in whole
from trust funds). Plan expenses were $153,060. These expenses included $153,060
in benefits paid to participants and beneficiaries. A total of 52 persons were
participants in or beneficiaries of the plan at the end of the plan year,
although not all of these persons had yet earned the right to receive benefits.
The value of plan assets was $3,454,318 as of December 31, 2006 compared to
$2,768,413 as of January 1, 2006. During the plan year the plan experienced an
increase in its net assets of $685,905. This increase includes unrealized
appreciation or depreciation in the value of plan assets; that is, the
difference between the value of the plan's assets at the end of the year and the
value of the assets at the beginning of the year, or the cost of assets acquired
during the year. The plan had total income of $838,965, including employer
contributions of $141,094, employee contributions of $201,060 and earnings from
investments of $496,811.
YOUR RIGHT TO ADDDITIONAL INFORMATION
You have the right to receive a copy of the full annual report, or any part
thereof, on request. The items listed below are included in that report:
1. Financial information; and
2. Information regarding any common or collective trust in which the plan
participates.
To obtain a copy of the full annual report, or any part thereof, write or call
the office of the Plan Sponsor:
Cheviot Financial Corp.
3723 Glenmore Avenue
Cheviot, OH 45211-4744
31-0238110 (Employer Identification Number)
513-661-0457
The charge to cover copying costs will be $0.25 per page.
You also have the right to receive from the plan administrator, on request and
at no charge, a statement of the assets and liabilities of the plan and
accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report
from the plan administrator, these two statements and accompanying notes will be
included as part of that report. The charge to cover copying costs given above
does not include a charge for the copying of these portions of the report
because these portions are furnished without charge.
You also have the legally protected right to examine the annual report at the
main office of the plan:
Cheviot Financial Corp.
3723 Glenmore Avenue
Cheviot, OH 45211-4744
and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy
from the U.S. Department of Labor upon payment of copying costs. Requests to the
Department should be addressed to: U.S. Department of Labor, Employee Benefits
Security Administration, Public Disclosure Room, 200 Constitution Avenue, NW,
Suite N-1513, Washington, D.C. 20210.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHEVIOT SAVINGS BANK
401(k) RETIREMENT SAVINGS PLAN
Date: May 14, 2007 By: /s/ Thomas J. Linneman
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Name: Thomas J. Linneman
Title: Trustee