EXHIBIT 10.3

                        SUPPLEMENTAL RETIREMENT AGREEMENT

      AGREEMENT,  made this 8th day of October  2002,  by and between The Minden
Building and Loan Association  (hereinafter  referred to as the "Association" or
"Employer"), and A. David Evans (the "Executive").

                                   WITNESSETH:

      WHEREAS,  the Executive is currently  the  President  and Chief  Executive
Officer of the Association; and

      WHEREAS,   to  induce  the  Executive  to  continue  in  its  employ,  the
Association is willing to supplement the benefits payable to the Executive under
the Association's 401k retirement plan;

      NOW,  THEREFORE,  in consideration of the premises and the mutual promises
of the parties hereto, the parties hereby agree as follows:

      1.  Retirement  Benefit.  If the  Executive  remains  in the employ of the
Employer to age seventy (70),  the  Executive  shall be entitled to receive from
the Employer,  upon retirement,  an annual supplemental retirement benefit equal
to $36,000 (the  "Supplemental  Retirement  Benefit"),  payable in equal monthly
installments of $3,000 for ten (10) years.

      2. Disability or Death.
         --------------------

            (a) In the event that the Executive  becomes  disabled  while in the
employ  of the  Employer,  the  Executive  shall  be  entitled  to  receive  the
Supplemental  Retirement Benefit payable in equal monthly installments beginning
with the first day of the month coinciding with or next following the disability
of the Executive and continuing  thereafter for a period of ten (10) years.  For
purposes  hereof,  disabled  or  disability  shall mean any  physical  or mental
impairment which qualifies the Executive for long-term disability benefits under
the  Community  Bankers  of  Louisiana  Long-Term  Disability  Plan,  issued and
administered  by Unum  Life  Insurance  Company  of  America,  or any  successor
disability plan  maintained by the Employers or, if no such plan applies,  which
would qualify the Executive for  disability  under the Federal  Social  Security
System.   Nothing  contained  in  this  Agreement  shall  limit  or  affect  the
Executive's  right to the  continuation  of his salary during any waiting period
imposed by the disability plan.

            (b)  In  the  event  that  the   Executive   commences   to  receive
Supplemental  Retirement  Benefits  under this  Agreement  and dies prior to the
receipt of ten (10) years of such  benefits,  the remainder of the  Supplemental
Retirement  Benefits  shall be payable until the  expiration of such term to the
beneficiary(ies)  designated by the  Executive.  In the event the Executive dies
while  employed by the Employer  whether  before or after age seventy (70),  the
beneficiary(ies)  designated  by the Executive  shall  receive the  Supplemental
Retirement  Benefit  payable in equal monthly  installments  beginning  with the
first day of the month next following Executive's death.

      3. Termination of Employment.
         --------------------------

      (a) In the event that the  Executive's  employment  with the  Employer  is
terminated,  other than for Cause (as  defined  herein),  following  a Change in
Control of the Employer, the Executive shall receive the Supplemental Retirement
Benefit set forth in Section 1 hereof. For purposes of this


                                      -1-
<PAGE>

Agreement,  Change in Control shall mean a change in control of Minden  Bancorp,
Inc.  ("Bancorp")  of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A promulgated  under the Securities
Exchange  Act of 1934,  as amended  ("Exchange  Act") or any  successor  thereto
whether or not Bancorp is registered under Exchange Act; provided that,  without
limitation, such a Change in Control shall be deemed to have occurred if (i) any
"person" (as such term is used in Sections  13(d) and 14(d) of the Exchange Act)
is or  becomes  the  "beneficial  owner" (as  defined  in Rule  13d-3  under the
Exchange Act), directly or indirectly, of securities of Bancorp representing 25%
or more of the combined  voting power of Bancorp's then  outstanding  securities
(other than Minden  Mutual  Holding  Company);  or (ii) during any period of two
consecutive  years,  individuals who at the beginning of such period  constitute
the Board of Directors of Bancorp  cease for any reason to constitute at least a
majority  thereof  unless  the  election,  or the  nomination  for  election  by
stockholders, of each new director was approved by a vote of at least two-thirds
of the directors then still in office who were directors at the beginning of the
period, provided further,  however, that the conversion of Minden Mutual Holding
Company to stock form shall not be  considered to be a "Change in Control of the
Employer."

            (b) In the event that the  Executive's  employment with the Employer
is  terminated  for Cause the  Executive  shall not be  entitled  to receive any
Supplemental  Retirement  Benefits  under this  Agreement.  For purposes of this
Agreement,  termination  of the  Executive's  employment  for Cause  shall  mean
termination because of personal  dishonesty,  incompetence,  willful misconduct,
breach of fiduciary  duty  involving  personal  profit,  intentional  failure to
perform stated duties,  willful  violation of any law, rule or regulation (other
than traffic violations or similar offenses) or final  cease-and-desist order or
material  breach  of any  provision  of this  Agreement.  For  purposes  of this
paragraph,  no act or failure to act on the Executive's part shall be considered
"willful" unless done, or omitted to be done, by the Executive not in good faith
and without reasonable belief that the Executive's action or omission was in the
best interest of the Association.

      4.  Designation  of  Beneficiary.  The Executive may from time to time, by
providing  a written  notification  to the  Employer,  designate  any  person or
persons (who may be designated concurrently,  contingently or successively), his
estate or any trust or  trusts  created  by him to  receive  benefits  which are
payable under this  Agreement.  Each  beneficiary  designation  shall revoke all
prior  designations  and will be  effective  only when filed in writing with the
Employer's Human Resource Committee, or any successor thereto (the "Committee").
If the  Executive  fails to designate a  beneficiary  or if a  beneficiary  dies
before the date of the Executive's death and no contingent  beneficiary has been
designated,  then the benefits  which are payable as aforesaid  shall be paid to
his  estate.  If  benefits  commence  to  be  paid  to a  beneficiary  and  such
beneficiary  dies before all benefits to which such beneficiary is entitled have
been paid, the remaining benefits shall be paid to the successive beneficiary or
beneficiaries  designated by the Executive, if any, and if none to the estate of
such  beneficiary.  In the  event  payment  is to be made to the  estate  of the
Executive or the estate of a designated  beneficiary,  the Association may elect
to make the  payment  in a lump sum using a  discount  rate  equal to 5% rate of
interest.

      5. Claims  Procedure.  The  Executive  or his  designated  beneficiary  or
beneficiaries  may make a claim for  benefits  under this  Agreement by filing a
written  request with the Committee.  If a claim is wholly or partially  denied,
the Committee  shall furnish the claimant with written notice setting forth in a
manner calculated to be understood by the claimant;

            (a) the specific reason or reasons for the denial;

            (b) specific reference to the pertinent provisions of this Agreement
on which the denial is based;


                                      -2-
<PAGE>

            (c)  a  description  of  any  additional   material  or  information
necessary  for the  claimant  to perfect his claim and an  explanation  why such
material or information is necessary; and

            (d)  appropriate  information  as to the  steps  to be  taken if the
claimant wishes to submit his claim for review.

      Such notice shall be furnished  to the  claimant  within  ninety (90) days
after  the  receipt  of his  claim,  unless  special  circumstances  require  an
extension  of time  for  processing  his  claim.  If an  extension  of time  for
processing is required,  the Committee  shall,  prior to the  termination of the
initial  ninety  (90) day period,  furnish  the  claimant  with  written  notice
indicating  the special  circumstances  requiring an  extension  and the date by
which  the  Committee  expects  to render  its  decision.  In no event  shall an
extension exceed a period of ninety (90) days from the end of the initial ninety
(90) day period.

      A claimant  may  request  the  Committee  to review a denied  claim.  Such
request shall be in writing and must be delivered to the Committee  within sixty
(60) days after  receipt by the  claimant of written  notification  of denial of
claim. A claimant or his duly authorized representative may;

      (a) review pertinent documents, and

      (b) submit issues and comments in writing.

      The  Committee  shall  notify the  claimant of its  decision on review not
later than sixty (60) days after receipt of a request for review, unless special
circumstances  require  an  extension  of time for  processing,  in which case a
decision  shall be rendered as soon as possible,  but not later than one hundred
twenty (120) days after receipt of a request for review. If an extension of time
for review is required because of special  circumstances,  written notice of the
extension  must be furnished to the claimant  prior to the  commencement  of the
extension.  The Committee's decision on the review shall be in writing and shall
include specific reasons for the decision, as well as specific references to the
pertinent provisions of this Agreement on which the decision is based.

      6. Unsecured Promise.  Nothing contained in this Agreement shall create or
require the Employer to create a trust of any kind to fund the benefits  payable
hereunder. To the extent that the Executive or any other person acquires a right
to receive  payments from the Employer,  such right shall be no greater than the
right of any unsecured general creditor of the Employer.

      7.  Assignment.  The right of the  Executive  or any  other  person to the
payment of benefits  under this  Agreement  shall not be subject to  alienation,
assignment,  garnishment,  attachment,  execution  or levy of any kind,  and any
attempt to cause such benefits to be so subjected shall not be recognized by the
Employer.

      8.  Employment.  Nothing  contained herein shall be construed to grant the
Executive  the right to be retained  in the employ of the  Employer or any other
rights or interests other than those specifically set forth.

      9.  Amendment.  This  Agreement  shall be  binding  upon and  inure to the
benefit of the Employer and the Executive.

      10.  Successors.  This  Agreement  shall be binding  upon and inure to the
benefit of the  Employer,  it  successors  and assigns and the Executive and his
heirs, executors, administrators, and legal representatives.


                                      -3-
<PAGE>

      11.  Governing  Law.  This  Agreement  shall be governed and  construed in
accordance with the laws of the State of Louisiana.

      IN WITNESS WHEREOF,  this Agreement has been executed as of the date first
above written.

Attest:                              The Minden Building and Loan Association


                                           By: /s/ Dr. F. Dare Lott, Jr.
----------------------------                   ---------------------------------
                                           Member of the Board of Directors


                                           By: /s/ A. David Evans
----------------------------                   ---------------------------------
                                           A. David Evans


                                      -4-