UNITED STATES

                     SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C. 20549

                                FORM 10-QSB

   X      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
 -----    EXCHANGE ACT OF 1934

               For the quarterly period ended June 30, 2003

          TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
 -----    EXCHANGE ACT OF 1934

               For the transition period from        to
                                              ------    -------

                      Commission File Number 000-49882


                              MINDEN BANCORP, INC.
     -----------------------------------------------------------------
     (Exact name of small business issuer as specified in its charter)


                    United States                     13-4203146
                    -------------                     ----------
          (State or other jurisdiction of          (I.R.S. Employer
          incorporation or organization)          Identification No.)


                  415 Main Street, Minden, Louisiana 71058
                  ----------------------------------------
                  (Address of principal executive offices)


          Issuer's telephone number, including area code: (318) 377-0523

          Shares of common stock, par value $.01 per share, outstanding as of
          April 30, 2003: The registrant had 1,454,750 shares of common stock
          outstanding, of which 800,112 shares were held by Minden Mutual
          Holding Company, the registrant's mutual holding company, and
          654,638 shares were held by the public and directors, officers and
          employees of the registrant.

          Transitional Small business Disclosure Format (check one):
          Yes       No  X .
              ----    ----


                            Minden Bancorp, Inc.

                                Form 10-QSB

                        Quarter Ended June 30, 2003

                       PART I - FINANCIAL INFORMATION

Interim Financial Information required by Rule 10-01 of Regulation S-X and Item
303 of Regulation S-B is included in this Form 10-QSB as referenced below:

                                                                          Page
                                                                          ----

Item 1 - Financial Statements. . . . . . . . . . . . . . . . . . . . . .    1

Item 2 - Management's Discussion and Analysis or Plan of Operation . . .   10

Item 3 - Controls and Procedures . . . . . . . . . . . . . . . . . . . .   13


                       PART II - OTHER INFORMATION

Item 1 - Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . .   14

Item 2 - Changes in Securities and Use of Proceeds . . . . . . . . . . .   14

Item 3 - Defaults Upon Senior Securities . . . . . . . . . . . . . . . .   14

Item 4 - Submission of Matters to a Vote of Security Holders . . . . . .   14

Item 5 - Other Information . . . . . . . . . . . . . . . . . . . . . . .   14

Item 6 - Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . .   14

Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   16

Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   17

                    MINDEN BANCORP, INC. AND SUBSIDIARY

                        CONSOLIDATED BALANCE SHEETS

         JUNE 30, 2003 (UNAUDITED) AND DECEMBER 31, 2002 (AUDITED)

                                                           June       December
     ASSETS                                              30, 2003     31, 2002
                                                         --------     --------
                                               (in thousands except share data)

Cash and noninterest-bearing deposits                     $ 1,661   $ 1,613
Interest-bearing demand deposits                              696       256
Federal funds sold                                            575     1,375
                                                            -----     -----
     Total cash and cash equivalents                        2,932     3,244

Investment securities:
 Securities held-to-maturity (estimated market value of
   $1,718- 2003 and $2,398-2002)                            1,709     2,297
 Securities available-for-sale, at estimated market value  22,874    18,112

First National Bankers Bank stock, at cost                    210       210
Federal Home Loan Bank stock, at cost                         512       472
Loans, net of allowance for loan losses                    58,885    52,337
Accrued interest receivable                                   346       271
Premises and equipment, net                                 2,231     2,205
Repossessed Assets                                            235        35
Other assets                                                  344       385
                                                           ------    ------
Total assets                                              $90,278   $79,568
                                                           ======    ======
 LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities:
 Deposits:
   Noninterest-bearing                                    $ 3,534   $ 4,500
   Interest-bearing                                        59,823    52,356
                                                           ------    ------
     Total deposits                                        63,357    56,856
 Accrued dividends on savings                                 204       212
 Deferred federal income taxes                                427       505
 Federal Home Loan Bank advances                            8,000     4,000
 Other liabilities                                            194       347
                                                           ------    ------
     Total liabilities                                     72,182    61,920

Stockholders' equity:
 Preferred stock-1,000,000 shares authorized-none issued      -         -
 Common stock, par value $.01; 4,000,000 shares issued;
   1,454,750 shares issued and outstanding                     15        15
 Additional paid-in capital                                16,610    16,600
 ESOP loan (48,171 shares unreleased)                        (482)     (503)
 Retained earnings                                          1,379       824
 Accumulated other comprehensive income                       574       712
                                                           ------    ------
     Total stockholders' equity                            18,096    17,648
                                                           ------    ------
Total liabilities and stockholders' equity                $90,278   $79,568
                                                           ======    ======


See accompanying notes to unaudited consolidated financial statements.

                   MINDEN BANCORP, INC. AND SUBSIDIARY

                    CONSOLIDATED STATEMENT OF INCOME

       FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2003 AND 2002

                                UNAUDITED

<TABLE>
                                            Three Months Ended      Six Months Ended
                                           June 30,    June 30,    June 30,  June 30,
                                               2003        2002        2003      2002
                                             ------      ------       -----     -----
                                                 (in thousands except share data)

                                          <c>       <c>         <c>        <c>
Interest and dividend income:
 Loans, including fees                       $1,069     $   901     $ 2,069   $ 1,751
 Investments-taxable:
   Securities                                    36          45          76        85
   Mortgage-backed securities                   134         128         257       250
 Dividends-FHLMC/FHLB/ESOP                       10           7          17        14
 Other (federal funds/interest-
   bearing demand)                                4           6          19        13
                                              -----       -----       -----     -----
     Total interest and dividend income       1,253       1,087       2,438     2,113

Interest expense:
 Interest-bearing deposits                      365         406         741       826
 Interest on borrowed funds                      27          25          50        41
                                              -----       -----       -----     -----
     Total interest expense                     392         431         791       867
                                              -----       -----       -----     -----
     Net interest income                        861         656       1,647     1,246
 Provision for loan losses                      -           -           -         -
                                              -----       -----       -----     -----
     Net interest income after
       provision for loan losses                861         656       1,647     1,246

Other operating income:
 Customer service fees                           52          43         104        81
 Gain on sale of REO Assets                     145           1         154         1
                                              -----       -----       -----     -----
     Total other operating income               197          44         258        82

Other operating expenses:
 Salaries and benefits                          280         126         546       356
 Office occupancy expense                        49           8         102        58
 Professional fees and supervisory
   examinations                                  33          34          58        56
 SAIF insurance premium                           2           2           4         4
 Other general and administrative
   expenses                                     152         210         271       305
                                              -----       -----       -----     -----
   Total other operating expenses               516         380         981       779
                                              -----       -----       -----     -----
Income before income taxes                      542         320         924       549

Income tax expense                              200          95         336       150
                                              -----       -----       -----     -----
Net income                                   $  342     $   225     $   588   $   399
                                              =====       =====       =====     =====
Earnings per share (primary & fully diluted) $  .24         N/A     $   .42       N/A
                                              -----       -----       -----     -----
</TABLE>
See accompanying notes to unaudited consolidated financial statements.

                                    2

                  MINDEN BANCORP, INC. AND SUBSIDIARY

            CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

                FOR THE SIX MONTHS ENDED JUNE 30, 2003

                              UNAUDITED



                                             Additional                Other
                                  Common      Paid-In     Retained Comprehensive
                                   Stock      Capital     Earnings     Income
                                   -----      -------     --------     ------
                                          (in thousands except share data)

Balance January 1, 2003            $  15     $ 16,600    $   824     $   712


Net income                           -            -          588         -

Dividend Paid On Stock               -            -          (33)        -

2003 Incentive Stock Compensation    -             10        -           -

Change in net unrealized gain
 (loss) on securities available
 for sale, net of tax effect of
 $71                                                        (138)       (138)
                                                            -----       -----
    Total comprehensive income                               450
                                    ----       ------      ------
Balance June 30, 2003              $  15     $ 16,610    $ 1,379     $   574
                                    ====       ======      =====        ====























See accompanying notes to unaudited consolidated financial statements.

                                     3

                    MINDEN BANCORP, INC. AND SUBSIDIARY

                    CONSOLIDATED STATEMENT OF CASH FLOWS

              FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND 2002

                                 UNAUDITED

                                                             2003       2002
                                                             ----       ----
                                                             (in thousands)

Cash flows from operating activities:
 Net income                                              $    588   $    399
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Depreciation                                                47         46
   Deferred income taxes                                      (72)        18
   Stock Incentive Compensation                                10          -
   Stock dividends                                             (6)        (3)
   (Gain) on sale of assets                                  (154)        (1)
   (Increase) in prepaid expenses and accrued income          (34)      (319)
   Increase in dividends payable and other liabilities       (167)       (68)
                                                              ---        ---
     Net cash provided by operating activities                212         72

Cash flows from investing activities:
 Activity in available for sale securities:
  Maturities, prepayments and calls                         2,992      1,082
  Purchases                                                (7,717)    (6,156)
 Activity in held to maturity securities:
  Maturities, prepayments and calls                           558        308
  Purchases                                                   -          -
 Net (increase) in loans                                   (6,548)    (6,576)
 Net (increase) in real estate owned                         (200)        25
 Net (increase) in premises and equipment                    (243)        (5)
 Proceeds from sale of assets                                 170
 Purchase FHLB Stock                                          (34)
                                                           ------     ------
     Net cash (used) by investing activities              (10,992)   (11,322)

Cash flows from financing activities:
 Net increase in deposits                                   6,501      5,400
 Net increase (decrease) in advances from FHLB              4,000      2,000
 Net increase in stock escrow                                          4,365
 Dividends Paid                                               (33)
                                                           ------     ------
     Net cash provided by financing activities             10,468     11,765
                                                           ------     ------
Net increase (decrease) in cash and cash equivalents         (312)       515

Cash and cash equivalents at January 1                      3,244      1,841
                                                            -----      -----
Cash and cash equivalents at June 30                     $  2,932   $  2,356
                                                            =====      =====

See accompanying notes to unaudited consolidated financial statements.

                                     4

                    MINDEN BANCORP, INC. AND SUBSIDIARY

                    CONSOLIDATED STATEMENT OF CASH FLOWS

         FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND JUNE 30, 2002

                                 UNAUDITED


                                                    2003              2002
                                                    ----              ----
                                                        (in thousands)

Supplemental disclosures:
 Interest paid on deposits and borrowed funds     $  780            $  971
 Income taxes paid                                   479               117

  Noncash investing and financing activities:
   Decrease in unrealized gain on securities
     available for sale                           $  211            $   21
                                                     ===                ==






















See accompanying notes to unaudited consolidated financial statements.


                                     5

                    MINDEN BANCORP, INC. AND SUBSIDIARY

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               JUNE 30, 2003


1. Presentation of Interim Information
   -----------------------------------
   On December 11, 2001, the Board of Directors of Minden Building and Loan
   Association, a Louisiana chartered building and loan association (the
   "Association") adopted a plan of reorganization pursuant to which the
   Association would convert to stock form and became a wholly-owned
   subsidiary of Minden Bancorp, Inc. (the "Company").  The Company became a
   majority owned (55%) subsidiary of Minden Mutual/Holding Company.  The
   reorganization was consummated on July 2, 2002.  The unaudited
   consolidated financial statements include Minden Bancorp, Inc. and its
   wholly-owned subsidiary, Minden Building and Loan Association.  The
   financial information at December 31, 2001 was obtained from the
   Association's audited financial statements.  Information for interim
   financial data for 2001 represents the Association's results.  All
   intercompany transactions have been eliminated  in consolidation.  The
   Company's only significant asset is its investment in Minden Building and
   Loan Association.

   In the opinion of the management of Minden Bancorp, Inc. and Minden
   Building and Loan Association (the Association), the accompanying
   unaudited consolidated financial statements include all normal adjustments
   considered necessary to present fairly the consolidated financial position
   as of June 30, 2003 and 2002, and the consolidated results of operations
   and cash flows for the three and six months ended June 30, 2003 and 2002,
   and the consolidated statement of stockholders' equity for the six months
   ended June 30, 2003.  Interim results are not necessarily indicative of
   results for a full year.

   The financial statements and notes are presented as permitted by Form 10-
   QSB, and do not contain certain information included in the Association's
   audited financial statements and notes for the year ended December 31,
   2002.

2. Summary of Significant Accounting Policies
   ------------------------------------------
   Minden Building and Loan Association is a stock building and loan
   association.  The Association accepts customer demand, savings, and time
   deposits and provides residential fixed-rate mortgages, consumer and
   business loans to consumers.  The Association is subject to the
   regulations of certain federal and state agencies and undergoes periodic
   examinations by those regulatory authorities.  Minden Bancorp, Inc.'s only
   significant asset and business activity is its investment in the
   Association.

   Use of Estimates.  In preparing financial statements in conformity with
   accounting principles generally accepted in the United States of America,
   management is required to make estimates and assumptions that affect the
   reported amounts of assets and liabilities as of the date of the balance
   sheet and reported amounts of revenues and expenses during the reporting
   period.  Actual results could differ from those estimates.  Material
   estimates that are particularly susceptible to significant change in the
   near term relate to the determination of the allowance for loan losses,
   the valuation of foreclosed real estate, deferred tax assets and trading
   activities.

   Significant Group Concentrations of Credit Risk.  Most of the
   Association's activities are with customers located within Webster Parish,
   Louisiana.  Note 2 to the financial statements summarizes the types of
   investment securities in which the Association makes investments, and

                                     6

2. Summary of Significant Accounting Policies   (Continued)
   ------------------------------------------
   Note 3 summarizes the types of loans included in the Association's loan
   portfolio.  The Association does not have any significant concentrations
   to any one industry or customer.

   Earnings per share (EPS).  EPS is calculated based upon 1,404,646 shares
   (outstanding stock less ESOP shares not released).  Fully diluted EPS is
   based upon the treasury stock method for the stock options.

3. Loans and Allowance for Loan Losses
   -----------------------------------
   The loan portfolio at June 30, 2003, is as follows (in thousands):

     First mortgage conventional loans:
      Secured by one-to-four-family residences              $    36,990
     Commercial real estate                                       9,775
     Commercial, other than real estate and SBA                   8,289
     Consumer loans (including overdrafts of $16)                 2,649
     Consumer loans secured by deposits                           1,042
     Construction loans                                           1,445
                                                                  -----
        Total                                                    60,190
     Less:  Allowance for loan losses                              (898)
            Unfunded construction loan commitments                 (407)
                                                                 ------
        Loans, net                                          $    58,885
                                                                 ======

   Changes in the allowance for loan losses are summarized as follows:

     Balance, January 1                                     $      907
     Provision for loan losses                                     -
     Loans charged off-net of recoveries                             9
                                                                  ----
     Balance, June 30                                       $      898
                                                                  ====

   The Association's fee for the origination or assumption of a loan
   approximates its cost incurred on the loan.  As the net fees/costs are
   deemed immaterial to the financial statements, no deferred loan fees/costs
   have been deferred as provided by SFAS 91.

   The Association's lending activity is concentrated within Webster Parish,
   Louisiana.  The majority of loans extended in this lending area are for
   one-to-four family dwelling units; however, the Association is expanding
   its lending activities to commercial real estate, commercial business and
   consumer loans.  See above for detail.  The Association requires
   collateral sufficient in value to cover the principal amount of the loan.
   Such collateral is evidenced by mortgages on property held and readily
   accessible to the Association.

4. Accrued Interest Receivable
   ---------------------------
   Accrued interest receivable at June 30, 2003 consists of the following (in
   thousands):

      Loans                                                 $      266
      Mortgage-backed securities                                    71
      Investment securities and other                                9
                                                                   ---
             Total accrued interest receivable              $      346
                                                                   ===


                                    7

5. Premises and Equipment
   ----------------------
   Premises and equipment are summarized as follows (in thousands):

      Land and buildings                                    $    2,227
      Furniture, fixtures and equipment                            426
                                                                 -----
             Total                                               2,653
      Less-accumulated depreciation                                422
                                                                 -----
           Net premises and equipment                       $    2,231
                                                                 =====

6. Deposits
   --------
   Deposits as of June 30, 2003 are summarized as follows (in thousands):

     Demand deposit accounts (including official
      checks of $525 in 2003)                               $     7,972
     Savings                                                     11,295
     Certificates of deposit:
      1.00% 1.99%                                                   574
      2.00%   2.99%                                              28,334
      3.00%   3.99%                                              13,646
      4.00%   4.99%                                               1,310
      5.00%   5.99%                                                 125
      6.00%   6.99%                                                 101
                                                                 ------
      Total certificates of deposit                              44,090
                                                                 ------
             Total deposits                                 $    63,357
                                                                 ======

7. Pension Plan
   ------------
   The Association adopted a 401(k) retirement plan and discontinued its "SEP"
   plan, covering all employees based upon a year of service.  The plan provides
   for a 2% employer contribution (based upon compensation) with a match of the
   employees contribution up to 6% based upon Board approval.  Plan
   contributions (in thousands) for 2003 were $23.

8. Commitments and Contingencies
   -----------------------------
   In the ordinary course of business, the Association has outstanding
   commitments on which management does not anticipate losses.  They include,
   among other things, commitments to extend credit and letters of credit
   undertaken in the normal course of business and to purchase mortgage pool
   securities.  As of June 30, 2003 (in thousands), the Association had $6.2
   million of loan commitments, $1.0 million commitments to purchase mortgage
   pools, and $4.1 million commercial  lines of credit commitments, including
   loans in process.

   When entered into, these commitments represent off-balance sheet risk to
   the Association, with the contractual notional amount representing the
   Association's exposure to credit loss in the event of nonperformance by
   the other party to the instruments.  Commitments to extend credit are
   agreements to lend to a customer as long as there is no violation of any
   condition established in the contract.  They generally have fixed
   expiration dates and require payment of a fee.  Since many commitments are
   expected to expire without being drawn upon, the total commitments do not
   necessarily represent future cash requirements.  The Association evaluates
   each customer's creditworthiness on a case-by-case basis, and obtains an
   amount of collateral it deems sufficient.


                                     8

9. Employee Stock Ownership Plan (ESOP)
   ------------------------------------
   The Company established an ESOP and loaned (in thousands) the ESOP $524 to
   purchase 52,371 shares.  The remaining balance due (in thousands) of $482
   is payable over ten years at (in thousands) $66 per year including
   interest.  As required by accounting standards, the unreleased shares are
   not included in the calculation of EPS and the loan receivable is shown as
   a reduction in stockholders' equity.  The Association adopted an employee
   stock ownership plan (ESOP) in June 2002 through its parent company,
   Minden Bancorp, Inc. (MBC).  The Association made a contribution (in
   thousands) of $16.5 the quarter ending June 30, 2003 and is included in
   salaries and benefits on the income statement.  The ESOP owns 52,371
   shares (3.6%) of the outstanding shares of MBC.  The ESOP borrowed the
   funds from MBC to purchase those shares.  As the note is paid, the shares
   will be released and allocated to the participants of the plan.  As of
   June 30, 2003, 4,200 of those shares have been released.  It is
   anticipated that the Association will make contributions to the ESOP in
   amounts sufficient for the ESOP to make the required note payments to MBC.
   The quarterly payments (in thousands) are $16.5 and annual are $66 (in
   thousands).

10. Stock Based Benefit Plans
    -------------------------
   The Company established the 2003 Recognition and Retention Plan ("RRP"),
   which is a stock-based incentive plan.  The RRP was approved by the
   shareholders at the Company's annual meeting held May 15, 2003.

   The Company authorized 26,186 share of the Company's common stock to be
   awarded under the plan.  No shares have been purchased to fund the RRP as
   of June 30, 2003.  The RRP shares will vest at 20% per year under the
   plan.  As a result, expense for this plan is being amortized over a 60-
   month period and is based upon the market value of the Company's stock as
   of the date of the award which was $15.375.  Expense (in thousands) under
   the plan for the quarter and six months ended June 30, 2003 was $10 and
   included in salaries and benefits.

   The Company established the 2003 Stock Option Plan under which 65,464
   shares of Company common stock are reserved for the grant of stock options
   to directors, officers and employees.  The Plan provides for vesting to
   participants at 20% per year and the options expire in ten years.  The
   Company's Compensation Committee of the Board of Directors oversees the
   plan.  The exercise price of the options is equal to the fair market
   values of the common stock on the grant date.  No options were exercisable
   as of June 30, 2003.

   The Company accounts for its stock options in accordance with Accounting
   Principals Board Opinion No. 25, Accounting for Stock Issued to Employees
   (APB 25) Under APB 25, as the exercise price of the Company's employees'
   stock options equals the market price of the underlying stock on the date
   of grant, no compensation expense is recognized.  Compensation expense for
   shares granted under the RRP is ratably recognized over the period of
   service, usually the vesting period, based upon the fair value of the
   stock on the date of grant.

   Financial Account Standards Board (FASB) Statement No. 123, Accounting for
   Stock-Based Compensation (FAS No. 123) requires proforma net income and
   earnings per share based upon the fair value method of accounting for
   stock-based compensation plans.  As of June 30, 2003 the Company has not
   yet been able to determine those amounts.


                                     9

Item 2 - Management's Discussion and Analysis or Plan of Operation.

General

   The following discussion compares the consolidated financial condition of
the Company and its wholly owned subsidiary, the Association, at June 30, 2003
and December 31, 2002, and the results of operations for the three and six
months ended June 30, 2003 with the same periods in 2002.  Currently the
business and management of the Company is primarily the business and
management of the Association.  This discussion should be read in conjunction
with the interim consolidated financial statements and footnotes included
herein.

   The Company is the holding company for the Association.  Substantially all
of the Company's assets are currently held in, and its operations are
conducted through, its sole subsidiary, the Association.  The Company's
business consists primarily of attracting deposits from the general public and
using such deposits to make loans for the purchase and construction of
residential properties.  The Company also originates commercial loans and
various types of consumer loans.

   The Company is a federal corporation organized for the purpose of being a
unitary holding company of the Association.  In connection with the
consummation of the reorganization of the Association on July 2, 2002, the
Company acquired all of the capital stock of the Association in exchange for
50% of the net proceeds from the offering of the Company's common stock.  The
Company issued approximately 45% of its common stock to persons who submitted
orders in the offering.  Minden Mutual Holding Company owns the remaining
approximately 55% of the Company's outstanding common stock.  The only
significant assets of the Company are the capital stock of the Association,
the Company's loan to the ESOP, and the remainder of the net offering proceeds
retained by the Company.

Changes in Financial Condition

   Total assets increased by $10.71 million, or 13.46%, from December 31,
2002 to June 30, 2003.  The increase was primarily due to a $6.55 million, or
12.51%, increase in the Company's net loan portfolio and a $4.17 million, or
20.45%, increase in investment securities.  Cash and cash equivalents
decreased by $312,000, or 9.6%, from December 31, 2002 to June 30, 2003. The
decrease was primarily due to the Company's reduction in Federal Funds sold.

   The $6.55 million increase in the Company's net loan portfolio from
December 31, 2002 was primarily due to a $31,000, or .084%, increase in one-
to four-family residential loans, a $2.37 million or 40.09%, increase in
commercial loans, other than real estate, a $3.99 million, or 68.94%, increase
in commercial real estate loans, a $455,000,  or 14.06%, increase in consumer
loans and a $800,000, or 35.63%, decrease in construction loans.  The Company
has increased its emphasis on the origination of higher yielding commercial
and consumer loans.  Deposits increased by $6.5 million, or 11.43%, at June
30, 2003 compared to the year ended December 31, 2002.  The increase in the
Company's deposits over December 31, 2002 levels was primarily due to a $7.47
million, or 14.26%, increase in interest-bearing deposits.  Recent
consolidation of other financial institutions in the Company's market area and
the historically low interest rate environment have contributed to the
increases in its deposits and loan portfolio.

                                     10

   The increases in the Company's loan portfolio and investment securities was
largely funded by the net proceeds of the Association's reorganization into
the mutual holding form of reorganization and the related stock offering of
the Company's common stock.

   The Company's total classified assets for regulatory purposes at June 30,
2003 amounted to $498,000, all of which were classified as substandard.  The
classified assets at June 30, 2003 consisted of twelve mortgage loans, two
consumer loans, and two residential properties of real estate owned.

   Total stockholders' equity increased by $448,000, or 2.54%, in the first
six months of 2003.  Net income of $588,000 increased equity during the period
which was partially offset by a decrease of $138,000 in the net change in
unrealized gain on investment securities. Stockholders' equity at June 30,
2003 totaled $18.1 million compared to equity of $17.6 million at December 31,
2002.

Results of Operations

   The Company's profitability depends primarily on its net interest income,
which is the difference between interest and dividend income on
interest-earning assets, principally loans, investment securities and
interest-earning deposits in other institutions, and interest expense on
interest-bearing deposits and borrowings from the Federal Home Loan Bank of
Dallas. Net interest income is dependent upon the level of interest rates and
the extent to which such rates are changing. The Company's profitability also
depends, to a lesser extent, on other operating income, provision for loan
losses, other operating expenses and federal and state income taxes.

   Net income increased by $117,000, or 52.0%, in the quarter ended June 30,
2003 compared to the quarter ended June 30, 2002 and increased by $189,000 or
47.37% for the six months ended June 30, 2003 over the comparable 2002
period..  The increase in net income for the period was primarily due to an
increase in net interest income which was partially offset by increases in
other operating expenses and income tax expenses.  The increase in the June
30, 2003 quarter was due primarily to an increase of $205,000 or 31.3% and
$401,000 or 32.18% for the six months ended June 30, 2003 over the comparable
2002 period, in net interest income which was partially offset by an increase
in other operating expenses of $136,000 or 35.8% and $202,000 or 25.9%  and an
increase in income tax expense of $105,000 or 110.5% and $186,000 or 124%
respectively.

   Net interest income increased by $205,000, or 31.3%, in the quarter ended
June 30, 2003 and $401,000 or 32.18% over the six month period ended June 30,
2003. This was due to an increase in net loans and investments of $7.5 million
or 9.92% for the quarter and $10.7 million or 14.7% for the six month period,
and an increase in the net interest rate spread of .25%. Net interest income
was 1.57% for the six months ended June 30, 2003, compared to 2.04% as of the
six months ended June 30, 2002. Interest expense for the six months ended June
30, 2003 was .63% compared to .85% for the period ended June 30, 2002.

   Total interest and dividend income increased by 166,000, or 15.3%, for the
quarter over the comparable quarter of 2002.  This was primarily due to an
increase in income from loans (including fees) of $168,000 in the quarter
ending June 30, 2003 compared to the quarter ending June 30, 2002.

                                     11

   Total interest expense decreased by $39,000, or 9.05%, for the quarter
over the comparable quarter of 2002. The decrease in the quarter was due to a
decrease in total interest paid on deposits of $41,000 and a $2,000 increase
in interest paid on Federal Home Loan Bank advances. The decrease in interest
paid on deposits was a result of lower average interest rates paid which was
partially offset by an increase in average balances.  The increase in interest
paid on Federal Home Loan Bank advances was caused by an increase in average
balances which was partially offset by a decrease in average rates paid.

   No provision for losses on loans was made for the quarters ended June  30,
2003 or 2002 or the six months ended June 30, 2003 or 2002.  At June 30, 2003,
the Company's non-accruing loans amounted to $47,719.  The allowance for loan
losses amounted to $898,000 at June 30, 2003, representing 1.53% of the total
loans held in portfolio and 1881.85% of the total non-accruing loans at such
date.

   Other operating income increased in the quarter ended June 30, 2003 by
$153,000, or 347.73%,  over the quarter ended June 30, 2002 and $176,000 or
214.64% for the six month period.  The increase for the six month period is
attributable to increased transaction service charges and fees and to the gain
on the sale of real estate owned and sale of assets.

   Other operating expenses increased in the quarter ended June  30, 2003 by
$136,000, or 35.79%, over the quarter ended June 30, 2002 and $202,000 or
25.93% for the six month period.  The increase in the quarter was due to a
$154,000 increase in salaries and benefits, a $41,000 increase in office
occupancy and a $58,000 decrease in other general and administrative expenses.
Salaries and benefits expenses increased in the period due to an increase in
staff size and, to a lesser extent, to increased compensation to current
employees and stock recognition and retention plan expenses.  Other general
and administrative expenses increased primarily because of higher data
processing expenses due to increased loan and deposit activity in such
periods.

   Income tax expense increased in the quarter and for the six months ending
June 30, 2003 by $105,000 and $186,000 respectively, over the comparable 2002
period due primarily to increased income before taxes.

Liquidity and Capital Resources

    The Company adjusts its liquidity levels to fund deposit outflows,  repay
its borrowings and to fund loan commitments.  The Company also adjusts
liquidity as appropriate to meet asset and liability management objectives.

   The Company's primary sources of funds are deposits, amortization and
prepayment of loans and mortgage-backed securities, maturities of investment
securities and other short-term investments, and earnings and funds provided
from operations.  In addition, the Company invests excess funds in short-term
interest-earning accounts and other assets, which provide liquidity to meet
lending requirements.

                                     12

   A significant portion of the Company's liquidity consists of securities
classified as available for sale and cash and cash equivalents.  The Company's
primary sources of cash are net income, principal repayments on loans and
mortgage-backed securities and increases in deposit accounts.  If the Company
requires funds beyond its ability to generate them internally, borrowing
agreements exist with the Federal Home Loan Bank of Dallas which provide an
additional source of funds.

   The Association is required to maintain regulatory capital sufficient to
meet tangible, core and risk-based capital ratios of at least 1.5%, 3.0% and
8.0%, respectively.  At June 30, 2003, the Association exceeded each of its
capital requirements with ratios of 19.4%, 19.4% and 38.1%, respectively.

Item 3.  Controls and Procedures

   Our management evaluated, with the participation of our Chief Executive
Officer and Chief Financial Officer, the effectiveness of our disclosure
controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the
Securities Exchange Act of 1934) as of the end of the period covered by this
report.  Based on such evaluation, our Chief Executive Officer and Chief
Financial Officer have concluded that our disclosure controls and procedures
are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Securities Exchange Act of 1934 is
recorded, processed, summarized and reported within the time periods specified
in the SEC's rules and regulations and are operating in an effective manner.

   No change in our internal control over financial reporting (as defined in
Rules 13a-15(f) or 15(d)-15(f) under the Securities Exchange Act of 1934)
occurred during the most recent fiscal quarter that has materially affected,
or is reasonably likely to materially affect, our internal control over
financial reporting.
















                                     13

                            Minden Bancorp, Inc.
                                Form 10-QSB
                        Quarter Ended June 30, 2003

                        PART II - OTHER INFORMATION

Item 1 - Legal Proceedings:

         There are no matters required to be reported under this item.

Item 2 - Changes in Securities and Use of Proceeds:

         (a)-(c) Not applicable.

         (d)  On July 2, 2002, the Company consummated the offering of 45% of
              its common stock at $10 per share in connection with the
              reorganization of the Association into the mutual holding company
              form of organization, resulting in gross proceeds of $6,546,380.
              Net proceeds amounted to $6,027,380, of which 50% was used by the
              Company to purchase all of the Association's common stock.  Of the
              proceeds retained by the Company, $523,710 was used to make a loan
              to the ESOP in order to fund the purchase of 52,371 shares of the
              Company's common stock by the ESOP.  The remaining net proceeds
              retained by the Company are being used as working capital, funding
              lending activities and investing in investment securities.

Item 3 - Defaults Upon Senior Securities:

         There are no matters required to be reported under this item.

Item 4 - Submission of Matters to a Vote of Security Holders:

     On May 15, 2003, the Company held its first Annual Meeting of
Shareholders to obtain approval for four proxy proposals submitted on behalf
of the Company's Board of Directors.  Shareholders of record as of March 21,
2003 received proxy materials and were considered eligible to vote for these
proposals.  Following is a brief summary of each proposal and the result of
the vote.


  1. The following directors were elected by the requisite plurality of
     the votes cast to serve on the Company's Board of Directors for a
     three year term: John P. Collins, F. Dare Lotte, Jr. and Michael W.
     Wise.  There was no solicitation in opposition to the Board's
     nominees.



                                                                   Broker
                                       For   Against   Abstain   Non-Votes
                                       ---   -------   -------   ---------


  2. To adopt the 2003 Stock
     Option Plan                 1,162,671    29,650       300

  3. To adopt the 2003
     Management Recognition and
     Retention Plan and Trust
     Agreement                   1,143,671    48,650       300


                                     14

                                                                   Broker
                                       For   Against   Abstain   Non-Votes
                                       ---   -------   -------   ---------

  4. To ratify the appointment of
     Heard, McElroy and Vestal LLP
     as the independent auditors
     for the year ended December
     31, 2003                    1,299,386        --        --        N/A





Item 5 -  Other Information:

          There are no matters required to be reported under this item.

Item 6 -  Exhibits and Reports on Form 8-K:

       (a)   The following exhibits are filed herewith:


             31.1   Certification of the Chief Executive Officer pursuant to
                    Rule 13a-14 of the Securities Exchange At of 1934, as
                    amended, as adopted pursuant to Section 302 of the
                    Sarbanes-Oxley Act of 2002


             31.2   Certification of the Chief Financial Officer pursuant to
                    Rule 13a-14 of the Securities Exchange Act of 1934, as
                    amended, as adopted pursuant to Section 302 of the
                    Sarbanes-Oxley Act of 2002


             32.1   Certification of Chief Executive Officer pursuant to
                    Section 906 of the Sarbanes-Oxley Act of 2002


             32.2   Certification of Chief Financial Officer pursuant to
                    Section 906 of the Sarbanes-Oxley Act of the Sarbanes-
                    Oxley Act of 2002


       (b)   Reports on Form 8-K:


                    Date              Item and Description
                -------------      --------------------------------------

                April 9, 2003      Item 9.  On April 9, 2003, the Company
                                   issued a press release announcing the
                                   initiation of a quarterly cash dividend
                                   policy and the declaration of its first
                                   cash dividend.


                April 25, 2003     Item 9.  On April 25, 2003 the Company
                                   issued a press release reporting its
                                   earnings for the three months ending
                                   March 31, 2003.






                                     15

                                 SIGNATURES


     In accordance with the requirements of the Securities Exchange Act of
1934, the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                MINDEN BANCORP, INC.


Date:  August 19, 2003                /s/ A. David Evans
                                      --------------------------------
                                      A. David Evans
                                      President and Chief Executive Officer


Date:  August 19, 2003                /s/ Becky T. Harrell
                                      --------------------------------
                                      Becky T. Harrell
                                      Chief Financial Officer and Treasurer


























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