**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      8-K**

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

| 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)) |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item 2.02.**
**Results      of Operations and Financial Condition **

**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                Description*                                                                                                               |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                                                                                                               |
| 99.1                           | Press                release text and financial supplement of First Federal Bankshares,                Inc.                dated January 24, 2007. |

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**SIGNATURE**

|                                  | **FIRST                FEDERAL BANKSHARES, INC.** |
|---------------------------------------|---------------------------------------------------|
|                                  |                                              |   |
| DATE:                January 26, 2007 | By:                                               | /s/Michael                W. Dosland |
|                                  |                                              | Michael                W. Dosland |
|                                  |                                              | President                and Chief Executive                Officer |