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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 ---------------
                                  FORM 10-KSB/A
                               (Amendment No. 1)

(Mark One)

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

For the fiscal year ended June 30, 2004

                                       OR

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

For the transition period from                to
                               --------------    ---------------

                           Commission File No. 0-28032

                             PATAPSCO BANCORP, INC.
--------------------------------------------------------------------------------
                 (Name of Small Business Issuer in Its Charter)


             MARYLAND                                         52-1951797
-------------------------------------                     -------------------
    (State or Other Jurisdiction                           (I.R.S. Employer
  of Incorporation or Organization)                       Identification No.)

1301 MERRITT BOULEVARD, DUNDALK, MARYLAND                  21222-2194
-----------------------------------------                  ----------
(Address of Principal Executive Offices)                   (Zip Code)

         Issuer's Telephone Number, Including Area Code: (410) 285-1010
                                                         --------------

       Securities registered under Section 12(b) of the Exchange Act: NONE
                                                                      ----

         Securities registered under Section 12(g) of the Exchange Act:

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                     --------------------------------------
                                (Title of Class)

         SERIES A NON-CUMULATIVE, PERPETUAL CONVERTIBLE PREFERRED STOCK,
         ---------------------------------------------------------------
                            PAR VALUE $.01 PER SHARE
                            ------------------------
                                (Title of Class)

Check whether the issuer:  (1) filed all reports required to be filed by Section
13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or 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
                                                               ---      ----

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation  S-B is not  contained  in  this  form,  and no  disclosure  will  be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]

For the fiscal year ended June 30, 2004, the issuer had $11,098,000 in revenues.

As of September 15, 2004, the aggregate market value of voting common stock held
by non-affiliates  was approximately  $14,223,114,  computed by reference to the
most recent sales price on September 20, 2004 as reported on the OTC  Electronic
Bulletin Board. For purposes of this calculation,  it is assumed that directors,
executive  officers and  beneficial  owners of more than 5% of the  registrant's
outstanding voting common stock are affiliates.

Number of shares of Common Stock outstanding as of September 20, 2004:
1,390,752.

                       DOCUMENTS INCORPORATED BY REFERENCE

         The  following  lists the documents  incorporated  by reference and the
Part of the Form 10-KSB into which the document is incorporated:

         1.       Portions of the issuer's Annual Report to Stockholders for the
                  Fiscal Year ended June 30, 2004. (Parts II and III)
         2.       Portions  of the Proxy  Statement  for  issuer's  2004  Annual
                  Meeting of Stockholders. (Part III)


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                                    PART III

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)   LIST OF DOCUMENTS FILED AS PART OF THIS REPORT
               ----------------------------------------------
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<S>      <C>
         (1)   FINANCIAL  STATEMENTS.   The following consolidated financial statements are incorporated by
reference from Item 7 hereof (see Exhibit 13):

               Independent Auditors' Report
               Consolidated Statement of Financial Condition as of June 30, 2004 and 2003
               Consolidated Statements of Income for the Years Ended June 30, 2004 and 2003
               Consolidated Statements of Stockholders' Equity for the Years Ended June 30, 2004 and 2003
               Consolidated Statements of Cash Flows for the Years Ended June 30, 2004 and 2003
               Notes to Consolidated Financial Statements

         (2)   EXHIBITS. The following is a list of exhibits filed as part of this Annual Report on Form 10-KSB
and also constitutes the Exhibit Index.

          NO.     DESCRIPTION
          ---     -----------

*****    3.1      Articles of Incorporation of Patapsco Bancorp, Inc. and Articles Supplementary
******   3.2      Bylaws of Patapsco Bancorp, Inc., as amended
**       4        Form of Common Stock Certificate of Patapsco Bancorp, Inc.
***     10.1      Patapsco Bancorp, Inc. 1996 Stock Option and Incentive Plan
***     10.2      Patapsco Bancorp, Inc. Management Recognition Plan
*       10.3(a)   Employment Agreement between Patapsco Federal Savings and Loan Association and Joseph J.
                  Bouffard
*       10.3(b)   Employment Agreement between Patapsco Bancorp, Inc. and Joseph J. Bouffard
*       10.4(a)   Severance Agreement between Patapsco Federal Savings and Loan Association and John McClean
*       10.4(b)   Severance Agreement between Patapsco Bancorp, Inc. and John McClean
*       10.5      Patapsco Federal Savings and Loan Association Retirement Plan for Non-Employee Directors
******  10.6      Patapsco Federal Savings and Loan Association Incentive Compensation Plan, as amended
*       10.7      Deferred  Compensation  Agreements between Patapsco Federal Savings and Loan Association
                  and each of Directors McGowan and Patterson
****    10.9      The Patapsco Bank Retirement Plan for Non-Employee Directors
*****   10.10     Patapsco Bancorp, Inc. 2000 Stock Option and Incentive Plan
*****   10.11     Severance  Agreements  between Patapsco  Bancorp,  Inc. and Michael J. Dee and Frank J.
                  Duchacek, Jr.
******  10.12     Patapsco Bancorp, Inc. Cash Deferred Compensation Plan
        13        2004 Annual Report to Stockholders
        21        Subsidiaries of the Registrant (1)
        23        Consent of Beard Miller Company LLP (1)
        31.1      Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
        31.2      Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
        32        Certification pursuant to 18 U.S.C. Section 1350

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

*      Incorporated  herein  by  reference  from the  Company's  Registration  Statement  on Form  SB-2
       (File  No. 33-99734).
**     Incorporated herein by reference from the Company's Registration Statement on Form 8-A
       (File No. 0-28032).
***    Incorporated  herein by reference  from the  Company's  Annual Report on Form 10-KSB for the
       year ended June 30, 1996 (File No. 0-28032).
****   Incorporated herein by reference from the Company's Annual Report on Form 10-KSB for the year
       ended June 30, 1999 (File No. 0-28032).
*****  Incorporated herein by reference from the Company's Annual Report on Form 10-KSB for the year
       ended June 30, 2000 (File No. 0-28032).
****** Incorporated herein by reference from the Company's Annual Report on Form 10-KSB for the year
       ended June 30, 2002 (File No. 0-28032).
****** Incorporated herein by reference from the Company's Annual Report on Form 10-KSB for the year
       ended June 30, 2003 (File No. 0-28032).
(1)    Previously filed


                                                     2

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       (b)    REPORTS ON FORM 8-K
              -------------------

              The Company  filed the  following  Current  Report on Form 8-K during the fourth quarter
       of the fiscal year ended June 30, 2004:

                  DATE OF REPORT            ITEM(S) REPORTED           FINANCIAL STATEMENTS FILED
                  --------------            ----------------           --------------------------

                  April 2, 2004                   2, 7                          No
                  June 15, 2004                   [Amended] 7                   Yes (1)
                  June 21, 2004                   5,7                           No
-------------

(1)    The following financial statements were filed with the Company's Current Report on Form 8-K dated June
       15, 2004:

       Consolidated Financial Statements of Parkville Federal Savings Bank as of December 31, 2003 and 2002 and
           for each of the years in the two-year period ended December 31, 2003.

       Unaudited Pro Forma Condensed Combined Statement of Financial Condition of Patapsco Bancorp, Inc. as of
           March 31, 2004.

       Unaudited Pro Forma Condensed Combined Statements of Operations of Patapsco Bancorp, Inc. for the year
           ended June 30, 2003 and the nine months ended March 31, 2004.
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                                                     3
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                                   SIGNATURES

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

                                       PATAPSCO BANCORP, INC.

December 22, 2004
                                       By: /s/ Joseph J. Bouffard
                                           -------------------------------------
                                           Joseph J. Bouffard
                                           President and Chief Executive Officer
                                           (Duly Authorized Officer)