UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB/A

(Mark One)
   X     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
------           THE SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended September 30, 2005

                                       OR

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

For the transition period from _____ to _____

                         Commission File Number: 0-51102

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

            Federal                                             20-2107839
(State or other jurisdiction of                             (I.R.S. Employer
incorporation or organization)                             Identification No.)

2 East Main Street, Georgetown, MA                                   01833
(Address of principal executive office)                           (Zip Code)

                                 (978) 352-8600
              (Registrant's telephone number, including area code)


Indicate by check whether the registrant: (1) has filed all reports required to
be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes X No __

Indicate by checkmark  whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes      No  X
                                     ---     ---

Indicate by check whether the registrant is an accelerated  filer (as defined in
Rule 12b-2 of the Exchange Act). Yes      No  X
                                     ---     ---

Indicate the number of shares outstanding of the registrant's common stock, as
of the latest practicable date: Common Stock, $0.10 par value, 2,777,250 shares
outstanding as of November 10, 2005.
         Transitional Small Business Disclosure Format:  YES      NO  X
                                                             ---     ---

                                EXPLANATORY NOTE

This  Amendment No. 1 on Form 10-QSB/A is being filed to amend the Statements of
Cash  Flows of the  Registrant's  report on Form  10-QSB for the  quarter  ended
September 30, 2005,  filed on November 14, 2005 (the  "Original  10-QSB").  This

<PAGE>

Amendment  No. 1 does not  otherwise  alter  the  disclosures  set  forth in the
Original  10-QSB  expect for the  Statements  of Cash Flows and does not reflect
events occurring after the filing of the Original  10-QSB.  This Amendment No. 1
is  effective  for all  purposes  as of the date of the  filing of the  Original
10-QSB.

Subsequent to the issuance of the Company's  consolidated  financial  statements
included in its report on Form 10-QSB for the quarter ended  September 30, 2005,
it was determined that, due to a computational  error, the data in the following
lines in the  Statements of Cash Flows for the three months ended  September 30,
2005 and 2004 were misstated:

         Net change in cash and cash equivalents

         Cash and cash equivalents at end of year


The Statements of Cash Flows of the Original 10-QSB are hereby amended in their
entirety as follows:



<PAGE>

<TABLE>
<CAPTION>

                            GEORGETOWN BANCORP, INC.
                            STATEMENTS OF CASH FLOWS
                           --------------------------
                                   (unaudited)
                                                                                  Three Months Ended
                                                                         September 30,          September 30,
                                                                              2005                  2004
                                                                       -------------------    ------------------
                                                                                    (In thousands)
Cash flows from operating activities:
<S>                                                                    <C>                    <C>
  Net Income                                                           $            34        $           127
    Adjustments to reconcile net income to net cash
        provided by operating activities:
            Provision for loan losses                                               33                     18
            Loss on impairment of securities available for sale                     --                      2
           (Accretion) amortization of securities, net                             (14)                     3
           (Accretion) amortization of deferred loan costs                          18                     (5)
            Depreciation and amortization expense                                   97                     92
           Decrease (increase) in accrued interest receivable                        6                    (85)
            Income from bank-owned life insurance                                  (11)                   (11)
           ESOP compensation expense                                                16                     --
            Other, net                                                             147                   (225)
                                                                       -------------------    ------------------
               Net cash provided (used) by operating activities                    326                    (84)
                                                                       -------------------    ------------------

Cash flows from investing activities:
    Activity in available-for-sale securities:
      Maturities, prepayments and calls                                          1,181                    327
      Purchases                                                                 (3,000)                (1,497)
      Proceeds on sales of securities                                               --                    197
    Activity in held-to-maturity securities:
      Maturities, prepayments and calls                                          1,238                    520
      Purchases                                                                     --                (10,917)
    Purchase of Federal Home Loan Bank stock                                      (160)                  (756)
    Loan originations, net of amortization and payoffs                          (2,515)                (6,270)
    Purchase of premises and equipment                                             (70)                   (21)
                                                                       -------------------    ------------------
         Net cash used by investing activities                                  (3,326)               (18,417)
                                                                       -------------------    ------------------
</TABLE>


                                       1
<PAGE>


<TABLE>
<CAPTION>

                            GEORGETOWN BANCORP, INC.
                            STATEMENTS OF CASH FLOWS
                           --------------------------
                                   (unaudited)
                                   (continued)

                                                                                  Three Months Ended
                                                                           September 30,        September 30,
                                                                               2005                 2004
                                                                       -------------------- --------------------
                                                                                       (In thousands)
Cash flows from financing activities:
<S>                                                                                <C>                 <C>
    Net (increase) decrease in deposits                                            (507)               7,541
    Net (increase) decrease in securities sold under agreements                    (146)                  72
         to repurchase
    Net change in borrowings with maturities of three                            (8,100)              11,110
      months or less
    Proceeds of Federal Home Loan Bank advances                                  18,150                   --
        with maturities greater than three months
    Repayments of Federal Home Loan Bank advances                                (6,512)                (511)
        with maturities greater than three months
    Net change in mortgagors' escrow accounts                                        55                   56
                                                                       -------------------- --------------------
            Net cash provided by financing activities                             2,940               18,268
                                                                       -------------------- --------------------

Net change in cash and cash equivalents                                             (60)                (233)

Cash and cash equivalents at beginning of year                                    5,078                3,708
                                                                       -------------------- --------------------

Cash and cash equivalents at end of year                               $          5,018     $          3,475
                                                                       ==================== ====================

Supplementary information:
    Interest paid on deposit accounts                                  $            408     $            326
    Interest paid on Federal Home Loan Bank advances                                462                  274
    Interest paid on securities sold under agreement                                  2                    2
      to repurchase
    Income taxes paid, net of refunds                                                14                   --
    Due to broker                                                                   500                   --
</TABLE>


                                       2
<PAGE>


                            GEORGETOWN BANCORP, INC.

                                   SIGNATURES

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, thereunto duly authorized.


                                    GEORGETOWN BANCORP, INC.
                                         (Registrant)




Date: November 23, 2005             /s/ Robert E. Balletto
                                    -----------------------------------
                                    Robert E. Balletto
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)


                                    /s/ Joseph W. Kennedy
                                    -----------------------------------
                                    Joseph W. Kennedy
                                    Senior Vice President, Treasurer and
                                      Chief Financial Officer
                                    (Principal Accounting and Financial Officer)