SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Form 10-KSB/A

                                   (Mark One)
X     Annual Report under Section 13 or 15(d) of the Securities Exchange Act
----  of 1934 For the fiscal year ended December 31, 2002 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. 000-22503

                      BEACH FIRST NATIONAL BANCSHARES, INC.
                      -------------------------------------
                 (Name of Small Business Issuer in Its Charter)

          South Carolina                                   58-1030117
          --------------                                   ----------
     (State or Other Jurisdiction                       (I.R.S. Employer
   of Incorporation or Organization)                    Identification No.)

              1550 Oak Street
       Myrtle Beach, South Carolina                           29577
      ------------------------------                         -------
  (Address of Principal Executive Offices)                  (Zip Code)
                                 (843) 626-2265
                            ------------------------
                 Issuer's Telephone Number, Including Area Code

        Securities registered pursuant to Section 12(b) of the Act: None
    Securities registered pursuant to Section 12(g) of the Act: Common Stock

     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 for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for past 90 days. Yes X   No
                                                                  ---   ---
     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B 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.[X]

     The aggregate market value of the voting stock held by non-affiliates
(shareholders holding less than 5% of an outstanding class of stock, excluding
directors and executive officers), as of March 11, 2003 was approximately
$1,338,184. This calculation was based on the closing price of such common
equity on March 11, 2003.

     The number of shares outstanding of the Registrant's common stock was
1,318,368 at March 11, 2003.

     Transitional Small Business Disclosure Format. (Check one): Yes    No X
                                                                    ---   ---

                       DOCUMENTS INCORPORATED BY REFERENCE

The Company's Annual Report to Shareholders for the year ended December 31, 2002
is incorporated by reference in this Form 10-KSB in Part II, Items 6 and 7. The
Company's Proxy Statement for the Annual Meeting of Shareholders to be held on
April 23, 2003 is incorporated by reference in this Form 10-KSB in Part III,
Items 9 through 12.





<PAGE>

                                Explanatory Note

     This  10-KSB/A is being filed to add the Section 302  certifications  which
were inadvertently  edgarized as correspondence rather than part of the original
10-KSB. No other changes have been made to the original 10-KSB.




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<PAGE>

                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act of
1934 (the "Exchange Act"), the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                      BEACH FIRST NATIONAL BANCSHARES, INC.


Date:   March 28, 2003                By:  /s/ Walter E. Standish, III
       -----------------------           ---------------------------------------
                                         Walter E. Standish, III
                                         President and Chief Executive Officer

     In  accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant in the capacities and on the
dates indicated.

Signature                                 Title                    Date
---------                                 -----                    ----


  *
-----------------------------
Michael Bert Anderson                    Director


  *
-----------------------------
Orvis Bartlett Buie                      Director


  *
-----------------------------
Raymond E. Cleary III                Chairman and Director


  *
-----------------------------
Michael D. Harrington                    Director


  *
-----------------------------
Joe N. Jarrett, Jr.                      Director


  *
-----------------------------
Richard E. Lester                        Director


  *
-----------------------------
Leigh Ammons Meese                       Director



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<PAGE>



  *
-----------------------------
Rick H. Seagroves                        Director


  *
-----------------------------
Don J. Smith                             Director


  *
-----------------------------
Samuel Robert Spann, Jr.                 Director


  *
-----------------------------
B. Larkin Spivey, Jr.                    Director


/s/ Walter E. Standish, III
-----------------------------                                   March 28, 2003
Walter E. Standish, III          President, CEO, and Director



-----------------------------
James C. Yahnis                          Director


  *
-----------------------------
Richard N. Burch                 Chief Financial Officer and
                                 Principal Accounting Officer


/s/ Walter E. Standish, III                                     March 28, 2003
-----------------------------
As Attorney - In - Fact




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<PAGE>


                                 Certification

I, Walter E. Standish, III, certify that:

1. I have reviewed this annual report on Form 10-KSB of Beach First National
Bancshares, Inc.;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.


Date: March 19, 2003

                                        /s/ Walter E. Standish, III
                                        ---------------------------------
                                        Walter E. Standish, III
                                        President and Chief Executive Officer




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<PAGE>



                                  Certification

I, Richard N. Burch, certify that:

1. I have reviewed this annual report on Form 10-KSB of Beach First National
Bancshares, Inc.;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: March 19, 2003
                                        /s/ Richard N. Burch
                                        ---------------------------------
                                        Richard N. Burch
                                        Chief Financial Officer






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<PAGE>

                                 Exhibit List:


3.1   Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the
      Company's Registration Statement No. 33-95562 on Form S-1)

3.2.  Bylaws (incorporated by reference to Exhibit 3.2 to the Company's
      Registration Statement No. 33-95562 on Form S-1)

4.1.  Provisions in the Company's Articles of Incorporation and Bylaws defining
      the rights of holders of the Company's Common Stock (incorporated by
      reference to Exhibit 4.1 to the Company's Registration Statement No.
      33-95562 on Form S-1)

4.2.  Form of Certificate of Common Stock (incorporated by reference to Exhibit
      4.2 to the Company's Registration Statement No. 33-95562 on Form S-1)

10.1  Employment Agreement of Walter E. Standish, III with the Company dated
      March 4, 2000 (incorporated by reference to Exhibit 10.9 of the Company's
      Form 10-KSB for the year ended December 31, 2000).

10.2  Description of the Director Deferred Compensation Plan (incorporated to
      Exhibit 10.1 to the Company's Form 10-QSB filed with the SEC on November
      14, 2002).

10.3  Description of the Executive Deferred Compensation Plan (incorporated to
      Exhibit 10.2 to the Company's Form 10-QSB filed with the SEC on November
      14, 2002).

10.4  Description of the Split Dollar Life Insurance Plan (incorporated to
      Exhibit 10.3 to the Company's Form 10-QSB filed with the SEC on November
      14, 2002).

13.1  Annual Report to Shareholders for the year ended December 31, 2002
      (incorporated herein by reference to Exhibit 13.1 to the Company's
      Form 10-KSB filed for the period ended December 31, 2002).

21.1. Subsidiaries of the Company (incorporated herein by reference to Exhibit
      21.1 to the Company's Form 10-KSB filed for the period ended December 31,
      2002).

24    Power of Attorney (incorporated herein by reference to Exhibit 24
      to the Company's Form 10-KSB filed for the period ended December 31,
      2002).




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