**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): August 1, 2006


________________





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-(c))







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




On
      August
      1, 2006, First Federal Bankshares, Inc. issued a press release regarding its
      results of operations and financial condition at and for the three months and
      twelve months ended June 30, 2006. 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 audited financial statements and additional analyses at
      and
      for the fiscal year ended June 30, 2006, as part of its Form 10-K 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
                Description***99.1
            Press
                release text and financial supplement of First Federal Bankshares,
                Inc.
                dated August 1, 2006.





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**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:
                August 2, 2006
            By:
            /s/Michael
                W. DoslandMichael
                W. DoslandPresident
                and Chief Executive Officer










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