SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                               FORM 10-KSB/A
                              AMENDMENT NO. 1

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

                For the fiscal year ended December 31, 1999

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

               For the transition period from __________ to __________

                     Commission File Number:  0-20911

                           ALGIERS BANCORP, INC.
        (Name of small business issuer as specified in its charter)

         LOUISIANA                                      72-1317594
(State  or  other jurisdiction                       (I.R.S. Employer
of incorporation or organization)                   Identification No.)



          #1 WESTBANK EXPRESSWAY, NEW ORLEANS, LOUISIANA 70114
          (Address of principal executive offices)     (Zip Code)

                 Issuer's telephone number: (504) 367-8221

       SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:

                                   None

        SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                  Common Stock (par value $.01 per share)

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 issuer was required to file such reports), and
(2) has been subject to such filing requirements  for  the  past  90  days.
Yes X  No ___

Check  if  there  is no disclosure of delinquent filers in response to Item
405 of Regulation S-B   contained  in  this form, and no disclosure will be
contained,  to  the  best of Issuer's knowledge,  in  definitive  proxy  or
information statements  incorporated  by reference in Part III of this Form
10-KSB.    X

Issuer's revenues for the fiscal year ended  December  31,  1999  were $3.1
million.

As  of March 10, 2000, the aggregate market value of the 397,086 shares  of
Common  Stock  of the Issuer held by non-affiliates, which excludes 109,262
shares held by all directors, executive officers and employee benefit plans
of the Issuer, was approximately $3.0 million.  This figure is based on the
average of the bid  and  asked  prices  of  $7.50 per share of the Issuer's
Common Stock on March 10, 2000.

Number of shares of Common Stock outstanding on March 10, 2000: 506,348

                    DOCUMENTS INCORPORATED BY REFERENCE

None.

Transitional Small Business Disclosure Format (check one): Yes ___  No  X


<PAGE>
                                 PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
          COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

DIRECTORS

     The following table sets forth certain information with respect to the
current directors  of  the  Company.   The Articles of Incorporation of the
Company require that the Board of Directors  be divided into three classes,
each as nearly equal in number as possible.  The  members of each class are
elected for a term of three years or until their successors are elected and
qualified.   One  class  of directors is elected annually.   There  are  no
arrangements or understandings  between the Company and any person pursuant
to  which such person has been elected  a  director,  and  no  director  or
nominee  for  director  is  related  to  any  other  director, nominees for
director  or  executive  officer  of  the  Company  by blood,  marriage  or
adoption,  except  that  Hugh  E. Humphrey, Jr. is the father  of  Hugh  E.
Humphrey, III.
<TABLE>
<CAPTION>

                                         POSITION WITH THE COMPANY AND THE
                                        ASSOCIATION AND PRINCIPAL OCCUPATION    DIRECTOR
        NAME            AGE(1)               DURING THE PAST FIVE YEARS         SINCE(2)
---------------------   ------          ------------------------------------    --------
DIRECTORS WHOSE TERMS
EXPIRE IN 2000
---------------------
<S>                     <C>             <C>                                     <C>

Hugh E. Humphrey, Jr.     74            Chairman   of  the  Board,  President     1963
                                        and  Chief Executive Officer of the
                                        Company since 1996, President of the
                                        Association since 1969 and Chief
                                        Executive Officer of the Association
                                        since 1984.

Thomas M. Arnold, Sr.     56            Director; Assessor, Orleans Parish,       1997
                                        Louisiana

DIRECTORS WHOSE TERMS
EXPIRE 2001
---------------------

Thu Dang                  56            Director; Self-employed  realtor with     1991
                                        Real Estate

                                        Showcase in New Orleans, Louisiana
                                        since 1978 and owner of Marco Polo
                                        Travel, Inc. in Gretna, Louisiana
                                        since 1994.

John H. Gary, III         42            Director; President of Gary               1991
                                        Enterprises, Inc., a convention
                                        promoter in New Orleans, Louisiana
                                        since 1988.

DIRECTOR WHOSE TERM
EXPIRES IN 2002
---------------------

Hugh E. Humphrey, III     48            Director; Secretary and Treasurer of      1984
                                        the Company since 1996 and of the
                                        Association since 1984; Compliance
                                        officer and loan officer of the
                                        Association since 1990.

</TABLE>
______________________

(1)  As of December 31, 1999
(2)  Includes service as a director of the Association


EXECUTIVE OFFICERS WHO ARE NOT DIRECTORS

     The following table sets forth certain information,  as  of  April 20,
2000, with respect to the sole executive officer of the Company who  is not
a director. There are no arrangements or understandings between the Company
and such person pursuant to which he was elected as an executive officer of
the  Company,  and  such  officer  is  not related to any director or other
executive officer of the Company by blood, marriage or adoption.

<TABLE>
<CAPTION>

        NAME             AGE(1)          PRINCIPAL  OCCUPATIONS  DURING  THE PAST FIVE YEARS
---------------------   ------          ---------------------------------------------------
<S>                     <C>             <C>
Francis M. Minor, Jr.    56             Chief Financial Officer of the Company  and  of the
                                        Association since 1997.  Field Accountant - Gibbs
                                        Construction   Co.   Sales  -  Delta  Power.  Self employed.
</TABLE>
______________________

(1)  As of December 31, 1999.


SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

     Under Section 16(a) of the 1934 Act, the Company's directors, officers
and any persons holding more than 10% of the Common  Stock  are required to
report  their  ownership  of  the  Common  Stock  and  any changes in  that
ownership to the Securities and Exchange Commission (the  "Commission")  by
specific dates.  Based on representations of its directors and officers and
copies of the reports that they have filed with the Commission, the Company
believes  that  all  of  these  filing  requirements  were satisfied by the
Company's directors and officers in the year ended December 31, 1999.

ITEM 10.  EXECUTIVE COMPENSATION.

SUMMARY OF EXECUTIVE COMPENSATION

     The  following  table  sets  forth  the  compensation  paid   by   the
Association  for  services  rendered  in  all capacities during the periods
indicated to the President and Chief Executive Officer of the Association.



<TABLE>
<CAPTION>

                                                                            LONG TERM
                                            ANNUAL COMPENSATION           COMPENSATION
                                        ----------------------------    RESTRICTED STOCK    ALL OTHER
NAME AND PRINCIPAL POSITION     YEAR    SALARY     BONUS     OTHER(1)        AWARDS       COMPENSATION(3)
---------------------------     ----    -------    -----     --------   ----------------  ---------------
<S>                             <C>     <C>        <C>       <C>        <C>               <C>
Hugh E. Humphrey, Jr.,          1999    $53,760       --           --             --       $ 16,898
   Chairman of the Board,       1998     53,760       --           --        $ 9,975(2)      16,709
   President and Chief          1997     53,760       --           --             --          7,700
   Executive Officer

</TABLE>
______________________

(1)  Annual  compensation does not include amounts  attributable  to  other
     miscellaneous benefits received by Mr. Humphrey, Jr.  The costs to the
     Association  of  providing  such benefits did not exceed the lesser of
     $50,000 or 10% of the total salary  and  bonus  paid to or accrued for
     the benefit of such executive officer.

(2)  Represents the value on May 1, 1998, the date of  the  grant,  of  700
     shares  of  restricted  stock  awarded  to Mr. Humphrey, Jr. under the
     Company's  Management  Retention and Recognition  Plan  (the  "Plan").
     Under the Plan, all such  shares  vest  in equal 20% increments on the
     date of grant and each of the next four anniversaries  of  the date of
     grant.   Prior  to  vesting,  recipients of shares under the Plan  are
     entitled  to vote, and to receive  dividends  in  respect  of,  shares
     awarded under the Plan.

(3)  Represents the value, as of the respective year-end ($7, $11, and $14,
     per  share,  respectively),  of  the  2,414,  1,519,  and  550  shares
     allocated  to Mr. Humphrey, Jr.'s account under the ESOP for the years
     ending December 31, 1999, 1998 and 1997, respectively.



EMPLOYMENT AGREEMENTS

     The  Company  and  the  Association  (collectively,  the  "Employers")
entered into  an  employment agreement with Mr. Humphrey, Jr. in connection
with the conversion of the Association from mutual to stock form on July 8,
1996.  The Employers  have agreed to employ Mr. Humphrey, Jr. for a term of
three years in his current  position  at  an initial salary of $53,760.  At
least  30  days prior to each annual anniversary  date  of  the  employment
agreement, the Boards of Directors of the Company and the Association shall
determine whether  or  not  to  extend  the  term  of the agreement for one
additional year.  Any party may elect not to extend  the  agreement  for an
additional  year by providing written notice at least 30 days prior to  any
annual anniversary  date.   Mr. Humphrey, Jr.'s agreement has been extended
to July 7, 2001.

     The employment agreement  is  terminable  with or without cause by the
Employers.   The  officer  shall  have  no right to compensation  or  other
benefits  pursuant  to  the  employment  agreement  for  any  period  after
voluntary  termination  or  termination  by  the   Employers   for   cause,
disability,  retirement  or death, provided, however, that (i) in the event
that the officer terminates  his  employment  because  of  failure  of  the
Employers to comply with any material provision of the employment agreement
or  (ii) the employment agreement is terminated by the Employers other than
for cause, disability, retirement or death or by the officer as a result of
certain  adverse  actions  that  are  taken  with  respect to the officer's
employment following a Change in Control of the Company,  as defined below,
Mr. Humphrey, Jr. will be entitled to a cash severance payment amount equal
to  three times his average annual compensation over his most  recent  five
taxable  years.   In  addition,  Mr.  Humphrey,  Jr.  will be entitled to a
continuation of benefits similar to those he is receiving  at  the  time of
such  termination  for  the  remaining  term  of  the agreement or until he
obtains full-time employment with another employer, whichever occurs first.

     A Change in Control is generally defined in the  employment  agreement
to include any change in control required to be reported under the  federal
securities  laws,  as  well as (i) the acquisition by any person of 25%  or
more of the Company's outstanding  voting securities and (ii) a change in a
majority of the directors of the Company during any two-year period without
the approval of at least two-thirds  of  the  persons who were directors of
the Company at the beginning of such period.

     The employment agreement provides that in  the  event  that any of the
payments to be made thereunder or otherwise upon termination  of employment
are  deemed  to  constitute  a  "parachute  payment" within the meaning  of
Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"),
then such payments and benefits received thereunder  shall  be  reduced, in
the manner determined by the employee, by the amount, if any, that  is  the
minimum  necessary  to  result  in  no portion of the payments and benefits
being non-deductible by the Employers for federal income tax purposes.

COMPENSATION OF DIRECTORS

     During the year ended December 31,  1999,  each member of the Board of
Directors  of  the  Association  (other  than  Messrs.  Humphrey,  Jr.  and
Humphrey, III) was paid $300 per Board meeting (the full amount is paid for
excused absences).  For committee meetings, non-employee  directors receive
$30 per meeting.  Directors who are also officers do not receive  any  fees
for Board or committee meetings.

     Members  of the Board may also participate in the Company's Management
Retention and Recognition  Plan,  pursuant  to  which  restricted shares of
Common Stock may be awarded  to directors and key employees.  Shares issued
under the Plan generally vest in equal 20% increments on  the  date  of the
grant  and each of the next four anniversaries of the date of grant.  Prior
to vesting,  participants  under  the  Plan  are  entitled  to vote, and to
receive dividends in respect of, shares awarded under the Plan.

ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The  following  table  sets  forth,  as  of  March  10,  2000, certain
information as to the Common Stock beneficially owned by (i) each person or
entity,  including any "group" as that term is used in Section 13(d)(3)  of
the Securities  Exchange Act of 1934, as amended ("1934 Act"), who or which
was known to the  Company to be the beneficial owner of more than 5% of the
issued and outstanding Common Stock, (ii) the directors of the Company, and
(iii)  all  directors  and  executive  officers  of  the  Company  and  the
Association as a group.

<TABLE>
<CAPTION>

                                          AMOUNT AND NATURE OF       PERCENT OF
NAME AND ADDRESS OF BENEFICIAL OWNER       BENEFICIAL OWNER(1)          CLASS
------------------------------------      --------------------       ----------
<S>                                       <C>                        <C>
Algiers Bancorp, Inc.                           51,842(2)               10.2%
Employee Stock Ownership Plan Trust
Messrs. Dang and Humphrey, III, trustees
   # 1 Westbank Expressway
   New Orleans, Louisiana 70114

First Financial Fund, Inc.                      34,600(3)                6.8%
   Gateway Center Three
   100 Mulberry Street, 9th Floor
   Newark, New Jersey  07102-4077

Tontaine Financial Partners, L.P.               51,500(4)               10.1%
Tontaine Overseas Associates, L.L.C.
   200 Park Avenue, Suite 3900
   New York, NY 10166

Hugh E. Humphrey, Jr.                           29,953(5)                5.9%

Thomas M. Arnold, Sr.                              275(6)                  *

Thu Dang                                         2,675(7)(8)               *

John H. Gary, III                               15,175(8)(9)             3.0%

Hugh E. Humphrey, III                            8,487(10)               1.6%


All directors and executive officers
of the Company and  the  Association
as  a  group  (6  persons)                      42,430(11)               8.4%


</TABLE>

______________________

*   Represents less than 1% of the outstanding Common Stock.

(1)  Based upon filings made pursuant to the 1934 Act and other information
     known to the Company.

(2)  The  Algiers  Bancorp,  Inc.  Employee Stock Ownership Plan Trust (the
     "Trust")  was  established  pursuant  to  the  Algiers  Bancorp,  Inc.
     Employee Stock Ownership Plan (the "ESOP") by an agreement between the
     Company and Messrs. Humphrey, III and Dang, who act as trustees of the
     plan (the "Trustees").  As of  December  31,  1999,  32,211  shares of
     Common Stock held in the Trust were unallocated and 19,631 shares  had
     been  allocated to the accounts of participating employees or released
     for such  allocation.   Under the terms of the ESOP, the Trustees must
     vote the allocated shares  held  in  the  ESOP  in accordance with the
     instructions of the participating employees.  Unallocated  shares held
     in  the ESOP will be voted by the ESOP Trustees in the same proportion
     for and against proposals to stockholders as the ESOP participants and
     beneficiaries  actually vote shares of Common Stock allocated to their
     individual accounts.   Any allocated shares that either abstain on the
     proposal or are not voted  will  be  disregarded  in  determining  the
     percentage  of  stock  voted  for  and  against  each  proposal by the
     participants   and   beneficiaries.    The   amount  of  Common  Stock
     beneficially owned by directors and executive  officers  who  serve as
     trustees of the ESOP and by all directors and executive officers  as a
     group  does  not  include the shares held by the Trust, except for the
     shares actually allocated to the accounts of the executive officers.

(3)  Wellington Management Company, LLP, whose business address is 75 State
     Street, Boston, Massachusetts 02109, is an investment advisor to First
     Financial Fund, Inc.  and claims shared dispositive power with respect
     to the shares owned by First Financial Fund, Inc.

(4)  Of the shares shown, 38,200  shares  or are owned of record by Tontine
     Financial  Partners,   L.P.  ("TFP"),  and   13,300   shares   or  are
     beneficially  owned  by  Tontine  Overseas Associates, L.L.C. ("TOA").
     TFP is a Delaware limited partnership,  and Tontine Management, L.L.C.
     ("TM") is a Delaware limited liability company  and  a partner of TFP.
     TOA is a Delaware limited liability company that serves  as investment
     manager to TFP Overseas Fund, Ltd. ("TFPO"), a Cayman Islands company,
     which directly owns the 13,300 shares attributable to TOA.  Jeffrey L.
     Gendell is the Managing Member of both TM and TOA.

(5)  Includes 9,335 shares held by Mr. Humphrey, Jr.'s spouse, which may be
     deemed to be beneficially owned by Mr. Humphrey, Jr. ,   4,918  shares
     allocated  to  Mr. Humphrey's account in the Company's ESOP,  and  280
     shares as to which  Mr.  Humphrey,  Jr. has voting power, but does not
     have dispositive power.

(6)  Includes 70 shares as to which Mr. Arnold  has  voting power, but does
     not have dispositive power.

(7)  Includes 70 shares as to which Mr. Dang has voting power, but does not
     have dispositive power.

(8)  All shares are owned jointly with the named person's spouse.

(9)  Includes 70 shares as to which Mr. Gary has voting power, but does not
     have dispositive power.

(10) Includes 887 shares held by Mr. Humphrey, III's IRA,  1,000 shares for
     which  Mr. Humphrey, III is the trustee for his minor daughter,  3,900
     shares  allocated  to  Mr.  Humphrey,  III's account in the  Company's
     ESOP, and 280 shares as  to  which Mr. Humphrey, III has voting power,
     but does not have dispositive power.

(11) Includes  8,818  shares  allocated  to  the  officer's accounts in the
     Company's ESOP and 1,050 shares as to which  the  respective owners of
     such shares have voting power, but do not have dispositive power.



ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Mr. Humphrey, Jr., the President and Chief  Executive  Officer  of the
Association,  and  his  wife own the Association's main office building and
lease the building to the  Association.   Prior to April 1, 1996, the lease
was for a 30-year term expiring in September 1997, and the rent was $33,000
per year, subject to increase to $82,000 per  year at the discretion of Mr.
Humphrey, Jr.  Effective April 1, 1996, the Association  entered into a new
10-year  lease  with  Mr.  Humphrey,  Jr. and his spouse, and the  rent  is
$45,000 for the first five years of the  new lease.  The rent will increase
during the second five years of the new lease  at  a rate equal to the rate
of increase in the consumer price index, but the rent  will not decrease if
the consumer price index decreases.  The new lease may be  renewed  at  the
Association's  option  for  two additional 10-year periods.  Under both the
old lease and the new lease,  the Association pays all taxes, insurance and
maintenance costs.

     Mr. Humphrey, Jr. is the father-in-law  of  Harold  A. Buchler, Jr., a
partner  in  the  law  firm  of Buchler & Buchler. During 1999,  Buchler  &
Buchler received an annual retainer  of  $12,000  from the Association, and
approximately $18,275 in connection with real estate  loan  closings.  Most
of the closing fees were paid by the borrowers rather than the Association.

     Management believes that the above transactions were on terms at least
as  favorable  to  the  Association  as could be obtained from unaffiliated
third parties.

INDEBTEDNESS OF MANAGEMENT

     The Association, in the ordinary  course  of business, makes available
to its directors, officers and employees mortgage  loans  on  their primary
residences and other types of loans.  Such loans are made on the same terms
as  comparable  loans  to  other borrowers.  It is the belief of management
that  these  loans  neither  involve   more   than   the   normal  risk  of
collectibility  nor  present  other unfavorable features.  At December  31,
1999,  the  Association's outstanding  loans  to  directors  and  executive
officers of the  Association,  or  members  of  their  immediate  families,
totaled approximately $114,940.

<PAGE>
                                SIGNATURES

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


                            ALGIERS BANCORP, INC.


                            By:  /S/ FRANCIS M. MINOR, JR.
                                    Francis M. Minor, Jr.
                                   Chief Financial Officer


                            Date:  April 28, 2000