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| x | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

| First                Federal Bankshares, Inc.                                        |
|--------------------------------------------------------------------------------------|
| (Exact                name of Registrant as specified in its                charter) |

| Delaware                                                                      | 42-1485449                                             |
|-------------------------------------------------------------------------------|--------------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification Number) |

| 329                Pierce Street, Sioux City, Iowa      | 51101                     |
|---------------------------------------------------------|---------------------------|
| (Address                of principal executive offices) | (Zip                Code) |

| 712-277-0200                                                                       |
|------------------------------------------------------------------------------------|
| (Registrant's                telephone number, including area                code) |

|                                                                                                             |
|------------------------------------------------------------------------------------------------------------------|
| (Former                name, former address and former fiscal year, if changed since last                report) |

| Class                                           | Outstanding                  at February 6, 2006 |
|-------------------------------------------------|--------------------------------------------------|
| (Common                  Stock, $.01 par value) | 3,409,463                                        |

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**SIGNATURES**

|  FIRST                  FEDERAL BANKSHARES, INC.                                   |
|-----------------------------------------------------------------------------------------|
|                                                                                    |   |   |
|                                                                                    |   |   |
|                                                                                    |   |   |
|         DATE:                  February 8, 2006 | BY: | /s/                  Michael W. Dosland |
|                                                                                    |   | Michael                  W. Dosland |
|                                                                                    |   | President                  and Chief Executive Officer |
|                                                                                    |   |   |
|                                                                                    |   |   |
|                                                                                    |   |   |
|         DATE:                  February 8, 2006 | BY: | /s/                  Katherine A. Bousquet |
|                                                                                    |   | Katherine                  A. Bousquet |
|                                                                                    |   | Vice                  President, Treasurer and |
|                                                                                    |   | Interim                  Chief Financial Officer |
|                                                                                    |   |   |