SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      D.C.  20549


_________





FORM
      8-K





Current
      Report


Pursuant
      to Section 13 or 15(d) of the


Securities
      Exchange Act of 1934





Date
      of
      Report (Date of earliest event reported):  January 22,
      2008


________________





First
      Federal Bankshares,
      Inc.


(Exact
      name of registrant as specified in its charter)








Delaware
            0-25509
            42-1485449(State
                or other jurisdiction
            (Commission
                File No.)
            (I.R.S.
                Employer Identification No.)of
                incorporation)





329
      Pierce Street, Sioux
      City, Iowa  51101


(Address
      of principal executive offices)





(712)
      277-0200


(Registrant’s
      telephone number, including area code)








Check
      the
      appropriate box below if the Form 8-K is intended to simultaneously satisfy
      the
      filing obligations of the registrant under any of the following provisions
      (see
      General Instructions A.2. below):





o    Written
      communications pursuant to Rule 425 under the securities Act (12 C.F.R.
      230.425)





o    Soliciting
      material pursuant to Rule 14a-2 under the Exchange Act (17 C.F.R.
      240.14a-12)





o    Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R.
      240.14d-2(b))





o    Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R.
      240.13e-4(c))








Item 2.02.
            Results
                of Operations and Financial Condition


On
      January 22, 2008, First Federal Bankshares, Inc. issued a press release
      regarding its results of operations and financial condition at and for the
      three
      months and six months ended December 31, 2007.  The text of the press
      release and a related financial supplement are included as Exhibit 99.1 to
      this
      report. The information included in the press release text and the financial
      supplement is considered to be “furnished” under the Securities Exchange Act of
      1934.  The Company will include final interim financial statements and
      additional analyses at and for the three months and six months ended December
      31, 2007, as part of its Form 10-Q covering that period.





Item 9.01.
            Financial
                Statements
                and Exhibits


(a)  Not
        applicable.





(b)  Not
      applicable.





(c)  Not
      applicable.





(d)  Exhibits:
      The following exhibit is being furnished herewith:


Exhibit
                No.
            Exhibit
                Description99.1
            Press
                release text and financial supplement of First Federal Bankshares,
                Inc.
                dated January 22, 2008





SIGNATURE





Pursuant
      to the requirements of the
      Securities Exchange Act of 1934, the Registrant has duly caused this report
      to
      be signed on its behalf by the undersigned, hereunto duly
      authorized.








FIRST
                FEDERAL BANKSHARES, INC.DATE:  January
                25, 2008
            By:
            /s/Michael
                W.
                DoslandMichael
                W. DoslandPresident
                and Chief Executive Officer











2