Unassociated Document


    Exhibit
      10.18                                                                                         


    


    October
      31, 2007

    


    Mr.
      David
      M. Bradley

    13321
      Douglas Parkway

    Urbandale,
      Iowa 50323

    


    Re:
      Novation of Employment Agreements

    


    Dear
      Mr.
      Bradley:

    


    Reference
      is made to the Employment
      Agreement, made and entered into as of March 20, 1996 by and between First
      Federal Savings Bank of Iowa (formerly known as First Federal Savings Bank
      of
      Fort Dodge) (the “Bank”) and you (the “Bank Employment Agreement”) and the
      Employment Agreement, made and entered into as of March 20, 1996 by and between
      North Central Bancshares, Inc. (the “Company”) and you (the “Company Employment
      Agreement”).

    


    We
      hereby confirm that, in addition to
      your current position as Chairman of the Board of the Company and the Bank,
      you
      have been re-elected to the positions of President and Chief Executive Officer
      of the Company and Chief Executive Officer of the Bank, and all elements of
      your
      compensation and benefits have been restored to the level commensurate with
      those positions, all effective immediately upon the effectiveness of Paul F.
      Bognanno's resignation from such positions.  We further agree that (1)
      your not having performed the duties of President and Chief Executive Officer
      of
      the Company and/or Chief Executive Officer of the Bank for the period beginning
      July 1, 2007 and ending with the date of your re-election does not constitute,
      and we hereby waive any right we might otherwise have to cite it as, grounds
      for
      the Company or the Bank to terminate your employment for “cause” within the
      meaning of the Company Agreement and the Bank Agreement and (2) the assignment
      of such positions to others during such period, and adjustments to your
      compensation in effect during such period do not alone or collectively
      constitute, and you hereby waive any right that you might otherwise have to
      cite
      them as, grounds for you to terminate your employment with the Bank and the
      Company and claim severance benefits under the Bank Agreement and the Company
      Agreement.

    


    To
      the extent described in the
      preceding paragraph, this letter shall constitute a waiver and modification
      of
      our respective rights as contemplated by sections 21 and 25 of the Company
      Agreement and the Bank Agreement.

    If
      you are in agreement with the terms
      of this letter, kindly so indicate by countersigning in the space provided
      and
      returning the countersigned letter to C. Thomas Chalstrom.

    


    Very
      truly yours,


    
      


      
        	
                North
                  Central Bancshares, Inc.

              	 	
                First
                  Federal Savings Bank of Iowa

              
	 	 	 
	 	 	 
	
                /s/
                  Melvin R. Schroeder

              	 	
                /s/
                  C. Thomas Chalstrom

              
	
                Name

              	 	
                Name

              
	 	 	 
	
                Compensation
                  Committee Chairman

              	 	
                President

              
	
                Title

              	 	
                Title

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                Agreed
                  to and accepted on October
                  31, 2007

              
	 	 	 
	 	 	 
	 	 	 
	
                /s/
                  David M. Bradley

              	 	 
	
                David
                  M. Bradley