UNITED STATES SECURITIES AND EXCHANGE
				 COMMISSION
			     WASHINGTON, D.C.  20549

				 FORM 10QSB


__X___QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934
      For the quarterly period ended..........             June 30, 1999


______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 2-91-000FW


			   MIDSOUTH BANCORP, INC.
		   Louisiana                   72 -1020809


		102 Versailles Boulevard, Lafayette, Louisiana
				    70501

			       (318) 237-8343

Check whether the issuer (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months
(or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.           YES  __X__              NO  _____


State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest
practicable date.                 Outstanding as of  July 31, 1999


      Common stock, $.10 par value                       2,464,472
Preferred stock, no par value, $14.25 stated value         152,736




	       Transitional Small Business Disclosure Format:

		      Yes           No     X
			   _______      ______



				 Page 1



<PAGE>

							   Page 2

PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited)                        Page


Financial Highlights                                               3

Statements of Condition - June 30, 1999 and
  December 31, 1998                                                4

Statements of Income - Three and Six Months Ended
  June 30, 1999 and 1998                                           5

Statement of Stockholders' Equity - Six Months
  Ended June 30, 1999                                              6

Statements of Cash Flows - Six Months Ended
  June 30, 1999 and 1998                                           7

Notes to Financial Statements                                      8


Item 2.  Management's Discussion and Analysis or
	 Plan of Operation                                         9


PART II - OTHER INFORMATION


Item 4.  Submission of Matters to a Vote of Security Holders      17


Item 6.  Exhibits and Reports on Form 8-K                         18


Signatures                                                        19



<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS (UNAUDITED)
				       Three Months Ended          Six Months Ended
					   June 30                     June 30,
EARNINGS DATA                          1999         1998           1999         1998
				     _________________________________________________
<S>                                  <C>          <C>          <C>          <C>
Net interest income                  $3,296,977   $2,941,826   $6,319,117   $5,633,548
Provision for loan losses               238,000      238,000      504,950      496,000
Non-interest income                     979,195      872,174    1,888,335    1,651,014
Non-interest expense                  3,125,265    2,629,198    6,028,358    5,136,454
Provision for income tax                245,050      268,150      409,437      420,948
Net income                              667,857      678,652    1,264,707    1,231,160
Preferred dividend requirement           32,903       37,444       66,286       74,964
Income available to common
  shareholders                         $634,954     $641,208   $1,198,421   $1,156,196
======================================================================================

PER COMMON SHARE DATA
Basic earnings per share                  $0.26        $0.27        $0.49        $0.49
Diluted earnings per share                $0.23        $0.23        $0.43        $0.42

Book value at end of period               $5.69        $5.05        $5.69        $5.05
Market price at end of period            $10.88       $14.54       $10.88       $14.54
Market price of preferred stock at       $31.00       $44.25       $31.00       $44.25
Weighted average shares outstanding
   Basic                              2,450,164    2,396,051    2,444,740    2,388,821
   Diluted                            2,967,157    2,949,476    2,968,195    2,943,800
======================================================================================

AVERAGE BALANCE SHEET DATA
Total assets                       $280,657,061 $230,492,703 $269,966,798 $226,389,477
Earning assets                      254,546,089  209,768,889  245,118,332  205,514,205
Loans and leases                    158,432,030  139,609,048  156,817,654  135,744,324
Interest-bearing deposits           199,047,941  158,387,576  189,767,500  155,086,933
Total deposits                      259,606,028  211,819,511  249,391,744  208,344,912
Common stockholders' equity          14,078,482   11,985,587   13,814,301   11,492,493
Total stockholders' equity           16,293,605   14,264,461   16,036,629   13,764,949
======================================================================================

SELECTED RATIOS
Return on average assets (annualize        0.95%        1.18%        0.94%        1.10%
Return on average common equity (an       18.09%       21.46%       17.49%       20.29%
Return on average total equity ( an       16.44%       19.08%       15.90%       18.04%
Leverage capital ratio                     5.70%        6.06%        5.70%        6.06%
Tier 1 risk-based capital ratio            9.01%        9.24%        9.01%        9.24%
Total risk-based capital ratio            10.08%       10.36%       10.08%       10.36%
Allowance for loan losses as a %
  of total loans                           1.17%        1.17%        1.17%        1.17%
=======================================================================================

PERIOD ENDING BALANCE SHEET DATA      6/30/99      6/30/98    Net Change    % Change
Total assets                       $282,503,279 $235,816,742  $46,686,537        19.80%
Earning assets                      257,675,940  213,316,617  $44,359,323        20.80%
Loans and leases, net               160,787,191  143,521,513  $17,265,678        12.03%
Interest-bearing deposits           201,570,300  162,003,496  $39,566,804        24.42%
Total deposits                      261,272,545  216,994,125  $44,278,420        20.41%
Common stockholders' equity          13,991,819   12,130,557   $1,861,262        15.34%
Total stockholders' equity           16,185,079   14,393,414   $1,791,665        12.45%
=======================================================================================

</TABLE>


<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CONDITION
___________________________________________________________________________________

						     June 30,        December 31,
						       1999            1998  *
ASSETS                                              (unaudited)
						    __________       ___________
<S>                                                 <C>              <C>
Cash and due from banks                             $11,623,921      $14,003,536
Federal funds sold                                   10,000,000        6,600,000

     Total cash and cash equivalents                 21,623,921       20,603,536

Interest bearing deposits in banks                       11,208           16,125
Securities available-for-sale, at fair
     value (cost of $64,205,061 in
     June 1999 and $43,503,268 in
     December 1998)                                  63,635,811       43,938,965
Securities held-to-maturity (estimated
     market value of $21,465,132
     in June 1999 and $20,421,920 in
     December 1998)                                  21,338,041       19,246,559
Loans, net of allowance for loan losses of
     $1,903,689 in June 1999 and $1,860,490
     in December 1998                               160,787,191      153,616,773
Bank premises and equipment, net                     10,363,425        9,054,201
Other real estate owned, net                            357,575           48,100
Accrued interest receivable                           1,912,167        1,740,514
Goodwill, net                                           603,853          207,281
Other assets                                          1,870,087        1,346,214
						    ___________      ___________
     Total assets                                  $282,503,279     $249,818,268
						    ===========      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Non-interest bearing                              $59,702,245      $60,361,205
  Interest bearing                                  201,570,300      169,563,097
						    ___________      ___________

     Total deposits                                 261,272,545      229,924,302

Securities sold under
     repurchase agreements                              752,946                -
Accrued interest payable                                647,152          565,896
Notes payable                                         3,381,895        3,503,668
Other liabilities                                       263,662          138,280
						    ___________      ___________

     Total liabilities                              266,318,200      234,132,146
						    ___________      ___________

Commitments and contingencies                                 -                -

Stockholders' Equity:
   Preferred Stock, no par value, $14.25
     stated value - 5,000,000 shares
     authorized, 153,913 and 156,927
     issued and outstanding on
     June 30, 1999 and December 31, 1998,
     respectively                                     2,193,260        2,236,210
   Common stock, $.10 par value-
     5,000,000 shares authorized,
     2,459,121 and 2,432,016
     issued and outstanding on
     June 30, 1999 and
     December 31, 1998, respectively                    245,912          243,201
   Surplus                                           10,759,356       10,521,020
   Unearned ESOP shares                                (106,923)        (119,051)
   Unrealized gains(losses) on securities
     available-for-sale, net of deferred
     taxes(credit) of (181,300) in June 1999
     and $159,000 in December 1998                     (387,950)         276,700
   Retained earnings                                  3,481,424        2,528,042
						    ___________      ___________

     Total stockholders' equity                      16,185,079       15,686,122
						    ___________      ___________

Total liabilities and stockholders' equity         $282,503,279     $249,818,268
						    ===========      ===========

  *   The consolidated statement of condition at
      December 31, 1998 is taken from the audited
      balance sheet on that date.

________________________________________________________________________________


</TABLE>

<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME


				       Three Months Ended                Six Months Ended
					    June 30,                          June 30,
				     1999             1998             1999             1998
				   __________________________       ___________________________

<S>                                <C>             <C>              <C>              <C>
INTEREST INCOME:
Loans, including fees              $4,000,706      $3,640,074       $7,758,244       $6,961,806
Securities
     Taxable                          832,024         601,915        1,517,003        1,190,426
     Nontaxable                       277,107         224,177          537,789          444,253
Federal funds sold                    213,666         169,700          372,299          349,737
				    _________       _________       __________        _________

TOTAL                               5,323,503       4,635,866       10,185,335        8,946,222
				    _________       _________       __________        _________

INTEREST EXPENSE:
Interest on deposits                1,962,089       1,628,696        3,737,355        3,182,996
Interest on note payable               64,437          65,344          128,863          129,678
				    _________       _________       __________        _________

TOTAL                               2,026,526       1,694,040        3,866,218        3,312,674
				    _________       _________       __________        _________

NET INTEREST INCOME                 3,296,977       2,941,826        6,319,117        5,633,548

PROVISION FOR LOAN LOSSES             238,000         238,000          504,950          496,000
				    _________       _________       __________        _________

NET INTEREST INCOME AFTER
  PROVISION FOR LOAN LOSSES         3,058,977       2,703,826        5,814,167        5,137,548
				    _________       _________       __________        _________

OTHER OPERATING INCOME:
Service charges on deposits           724,369         629,353        1,430,366        1,214,274
Gains on securities, net                   -                -                -                -
Credit life insurance                  25,172          40,953           41,340           68,071
Other charges and fees                229,654         201,868          416,629          368,669
				    _________       _________       __________        _________

TOTAL OTHER INCOME                    979,195         872,174        1,888,335        1,651,014
				    _________       _________       __________        _________

OTHER EXPENSES:
Salaries and employee benefits      1,479,320       1,283,611        2,860,928        2,533,904
Occupancy expense                     674,631         565,470        1,325,389        1,113,608
Other                                 971,314         780,117        1,842,041        1,488,942
				    _________       _________       __________        _________

TOTAL OTHER EXPENSES                3,125,265       2,629,198        6,028,358        5,136,454
				    _________       _________       __________        _________

INCOME BEFORE INCOME TAXES            912,907         946,802        1,674,144        1,652,108
PROVISION FOR INCOME TAXES            245,050         268,150          409,437          420,948
				    _________       _________       __________        _________

NET INCOME                           $667,857        $678,652       $1,264,707       $1,231,160
PREFERRED DIVIDEND REQUIREMENT         32,903          37,444           66,286           74,964
				    _________       _________       __________        _________

INCOME AVAILABLE TO COMMON
   SHAREHOLDERS                      $634,954        $641,208       $1,198,421       $1,156,196
				    =========       =========       ==========        =========

BASIC EARNINGS PER COMMON SHARE         $0.26           $0.27            $0.49            $0.49
				    =========       =========       ==========        =========

DILUTED EARNINGS PER COMMON SHARE       $0.23           $0.23            $0.43            $0.42
				    =========       =========       ==========        =========



					       5


</TABLE>

<PAGE>
<TABLE>
<CAPTION>


MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 1999 (UNAUDITED)
											       UNREALIZED
												(GAINS)
												LOSSES
												  ON
			    PREFERRED STOCK        COMMON STOCK                      ESOP     SECURITIES-   RETAINED
			   SHARES     AMOUNT     SHARES     AMOUNT    SURPLUS     OBLIGATION   FOR-SALE     EARNINGS       TOTAL
			  ___________________   ___________________  ___________  ___________________________________   ___________
<S>                       <C>      <C>          <C>        <C>       <C>           <C>          <C>        <C>          <C>
BALANCE,
  DECEMBER 31, 1998       156,927  $2,236,210   2,432,016  $243,201  $10,521,020   ($119,051)   $276,700   $2,528,042   $15,686,122

Issuance of common stock                           18,073     1,808      196,289                                            198,097
Dividends paid on common
  stock                                                                                                      (245,039)     (245,039)
Dividends paid on
  preferred stock                                                                                             (66,286)      (66,286)
Preferred stock
  conversion               (3,014)    (42,950)      9,032       903       42,047                                                  -
Net income                                                                                                  1,264,707     1,264,707
ESOP obligation, net of
  repayments                                                                          12,128                                 12,128
Net change in unrealized
  gain/loss on securities
  available-for-sale,
  net of tax                                                                                    (664,650)                  (664,650)
			  _______  __________   _________  ________  ___________    ________    ________   __________   ___________
BALANCE,
  June 30, 1999           153,913  $2,193,260   2,459,121  $245,912  $10,759,356   ($106,923)  ($387,950)  $3,481,424   $16,185,079
			  =======  ==========   =========  ========  ===========    ========    ========   ==========   ===========

</TABLE>


<PAGE>
<TABLE>
<CAPTION>



MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 1999 and 1998
_________________________________________________________________________________________

						       June 30, 1999       June 30, 1998
						       _____________       _____________
<S>                                                    <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income                                                $1,264,707          $1,231,160
Adjustments to reconcile net income
  to net cash provided by operating activities:
    Depreciation and amortization                            571,616             462,292
    Provision for loan losses                                504,950             415,000
    Provision for deferred income taxes                       12,228              49,330
    Discount accretion (premium amortization), net            13,660             (13,235)
    Gain on sale of premises and equipment                    (1,925)               (750)
    Loss on sale of other real estate owned                        -               3,037
    Change in accrued interest receivable                   (171,653)             (7,673)
    Change in accrued interest payable                        81,256              24,486
    Change in other liabilities                              125,382             (67,757)
    Change in other assets                                  (172,033)           (156,618)
						       _____________       _____________

NET CASH PROVIDED BY OPERATING ACTIVITIES                  2,228,188           1,939,272
						       _____________       _____________

CASH FLOWS FROM INVESTING ACTIVITIES:
  Net decrease (increase) in interest-bearing
    deposits in banks                                          4,917              (4,224)
  Proceeds from maturities and calls of securities
    available-for-sale                                     6,313,566           4,988,673
  Purchases of securities available-for-sale             (27,027,658)         (8,241,206)
  Purchases of securities held-to-maturity                (2,092,845)                  -
  Loan originations, net of repaymens                     (5,000,180)        (14,468,338)
  Purchases of premises and equipment                     (1,851,017)         (1,516,789)
  Proceeds from sales of premises and equipment               24,000              29,961
  Proceeds from sales of other real estate owned              58,724              17,000
  Purchase of insurance premium financing company         (3,503,497)                  -
						       _____________       _____________

NET CASH USED IN INVESTING ACTIVITIES                    (33,073,990)        (19,194,923)
						       _____________       _____________

CASH FLOWS FROM FINANCING ACTIVITIES:
  Net increase in deposits                                31,348,243          16,926,374
  Net (decrease) increase in securities sold
    under repurchase agreements and federal
    funds purchased                                          752,946             (69,443)
  Issuance of notes payable                                   75,000             435,000
  Repayments of notes payable                               (196,774)            (89,821)
  Proceeds from issuance of common stock                     198,097             376,361
  Payment of dividends                                      (311,325)           (266,550)
  Payment of fractional shares resulting from
    conversion of preferred stock and stock
    dividends                                                      -                 (70)
						       _____________       _____________

NET CASH PROVIDED BY FINANCING ACTIVITIES                 31,866,187          17,311,851
						       _____________       _____________

NET DECREASE IN CASH & CASH EQUIVALENTS                    1,020,385              56,200

CASH & CASH EQUIVALENTS AT BEGINNING OF PERIOD            20,603,536          23,834,024
						       _____________       _____________

CASH & CASH EQUIVALENTS AT END OF PERIOD                 $21,623,921         $23,890,224
						       =============       =============

					7

</TABLE>



MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED  FINANCIAL STATEMENTS


1.  STATEMENT BY MANAGEMENT CONCERNING THE REVIEW OF UNAUDITED
     FINANCIAL INFORMATION

       The accompanying unaudited consolidated financial statements
       and notes thereto contain all adjustments, consisting only
       of normal recurring adjustments, necessary to present fairly
       the financial position of MidSouth Bancorp, Inc. ("MidSouth")
       and its subsidiaries as of June 30, 1999 and the results of
       their operations and their cash flows for the periods
       presented.  The consolidated financial statements should be
       read in conjunction with the annual consolidated financial
       statements and the notes thereto included in MidSouth's 1998
       annual consolidated report and Form 10-KSB.

       The results of operations for the six month period ended
       June 30, 1999 are not necessarily indicative of the results
       to be expected for the entire year.



2.  ALLOWANCE FOR LOAN AND LEASE LOSSES

       An analysis of the activity in the allowance for loan and
       lease losses is as follows:


<TABLE>
<CAPTION>
						Six Months Ended
						    June 30,
						 (in thousands)
					     1999             1998
					  __________     ______________
       <S>                                <C>            <C>

       Balance at beginning of period     $1,860,490         $1,414,826
	 Provision for loan losses           504,950            496,000
	 Recoveries                           65,122             83,129
	 Loans charged off                  (526,873)          (308,267)
					  __________         __________
       Balance at end of period           $1,903,689         $1,685,688
					  ==========         ==========

</TABLE>

3.  COMPREHENSIVE INCOME

     MidSouth adopted Statement of Financial Accounting Standards
     No. 130 "Reporting Comprehensive Income" ("SFAS 130") effective
     January 1, 1998.  SFAS 130 establishes standards for reporting
     and display of comprehensive income and its components.
     Comprehensive income includes net income and other comprehensive
     income (losses) which, in the case of MidSouth, only includes
     unrealized gains and losses on securities available-for-sale.

     Following is a summary of MidSouth's comprehensive income for the
     six months ended June 30, 1999 and 1998.


<TABLE>
<CAPTION>

					   1999            1998
					__________      __________
	   <S>                          <C>             <C>
	   Net income                   $1,264,707      $1,231,160
	   Other comprehensive income,
	      (losses), net of tax        (664,650)        112,309
					__________      __________

	   Total comprehensive income     $600,057      $1,343,469
					==========      ==========

</TABLE>

<PAGE>


	     MANAGEMENT'S DISCUSSION AND ANALYSIS
		    OR PLAN OF OPERATION

This review should be read in conjunction with MidSouth
Bancorp Inc.'s ("MidSouth") consolidated financial
statements and accompanying notes contained herein, as
well as with  MidSouth's 1998 annual consolidated
financial statements, the notes thereto and the related
Management's Discussion and Analysis.

MidSouth's second quarter 1999 earnings reflect a strategic
focus on its long term investment in system upgrades, staff
development and market penetration.  The significant 20%
growth in assets over the past twelve months is a direct
result of this investment.  MidSouth now stands well
positioned as a dominant community bank offering big
bank services.

Net income totaled $667,857 for the second quarter of
1999, compared to net income of $678,652 for the second
quarter of 1998.  Income available to common shareholders
totaled $634,954 for the second quarter of 1999, compared
to $641,208 for the second quarter of 1998.  Basic earnings
per share were $.26 and $.27 for the quarters ended June
30, 1999 and 1998, respectively.  Diluted earnings per
share were $.23 for both the second quarter of 1999 and the
second quarter of 1998.

Net income for the six months ended June 30, 1999 totaled
$1,264,707 compared to $1,231,160 for the six months
ended June 30, 1998.  Basic earnings per share were $.49
for both six-month periods ended June 30, 1999 and 1998.
Year-to-date diluted earnings per share were $.43 for June
30, 1999 and $.42 for June 30, 1998.

In both quarterly and year-to-date comparisons, net interest
income increased 12% due to a higher volume of earning
assets.  Non-interest income increased 12% in quarterly
comparison and 14% in year-to-date comparison, primarily
due to increases in service charges on deposit accounts and
insufficient funds fees.  The increased net interest income
and non-interest income was substantially offset by
increases in non-interest expense for the three and six
months periods ended June 30, 1999 as compared to the
three and six months periods ended June 30, 1998.
Increased expenses were recorded primarily in salaries and
benefits and occupancy expenses. These increases reflect
MidSouth's investment to strengthen its infrastructure in
order to support recent and anticipated growth.  In addition,
marketing expenses increased due to promotions designed
to take advantage of opportunity created by mergers and
acquisitions of major banks in MidSouth's market area.

During the second quarter of 1999, MidSouth completed
testing of systems identified as "mission critical" for year
2000 computer operations, including the internal network
system.  Core data processing hardware and software
testing were completed in the first quarter of 1999.  Costs
associated with testing and other year 2000 direct expenses
totaled approximately $27,000 for the first six months of
1999.


			     9

<PAGE>


MidSouth recorded substantial deposit growth and
continued loan growth during the past twelve months.
Deposits grew $44.3 million or 20%, from $217.0 million
at June 30, 1998 to $261.3 million at June 30, 1999.
Of the $44.3 million increase, $39.6 million
represented interest-bearing deposits.  Most
of the growth resulted from a deposit promotion designed
to increase MidSouth's market share.  The promotion began
March 1, 1999 and resulted in additional deposits totaling
$27.5 million as of the end of the promotion on May 31,
1999.  Total deposits  at the end of the second quarter of
1999 included approximately $18.2 million held under a
public fund contract that expired June 30, 1999.  The
majority of these funds were withdrawn within the first
week of July 1999.

Loans, net of Allowance for Loan Losses ("ALL"),
increased $17.3 million or 12%, from $143.5 million at
June 30, 1998 to $160.8 million at June 30, 1999.  The
majority of the loan growth occurred in the commercial and
real estate portfolios during the second half of 1998.
Moderate growth continued in these portfolios for the first
six months of 1999.  Additionally, on May 15, 1999,
MidSouth's subsidiary, MidSouth National Bank purchased
the assets of TMC Financial Services, Inc. which consisted
primarily of $3.0 million in insurance premium financing
loans.  Provisions for loan and lease losses totaled
$504,950 for the six months ended June 30, 1999 compared
to $496,000 for the six months ended June 30, 1998.

Nonperforming loans as a percentage of total loans
decreased from .24% in June of 1998 to .10% in June of
1999 primarily due to the transfer of two commercial real
estate credits totaling $357,575 to other real estate owned.
Accordingly, nonperforming assets increased $179,395 in
quarterly comparison, from $341,419 at June 30, 1998 to
$565,768 at June 30, 1999.  The ALL represented 364% of
nonperforming loans and other real estate owned as of June
30, 1999, as compared to 443% as of June 30, 1998.

MidSouth's leverage ratio was 5.70% at June 30, 1999.
Return on average common equity was 18.09% and return
on average assets was .95%.


Earnings Analysis

Net Interest Income

Average earning assets increased 21%, or $44.8 million,
from $209.8 million for the three months ended June 30,
1998 to $254.6 million for the three months ended June 30,
1999.  The mix of earning assets shifted significantly, from
67% of average earning assets in loans for the second
quarter of 1998 down to 62% in the second quarter of 1999.
 The average yield on loans decreased 33 basis points, from
10.46% to 10.13% at June 30, 1999.   Yields on
commercial and real estate loans declined 54 basis points,
while consumer loan yields rose 55 basis points.


			     10


<PAGE>

Market competition for quality credits, combined with
decreased loan fee income caused commercial and real
estate loan yields to decline.  Consumer loan yields
increased primarily due to loans funded by Financial
Services of the South, Inc. (the "Finance Company"), credit
card loans and insurance premium financing loans acquired
with the purchase of TMC Financial Services, Inc.
("TMC").  TMC's portfolio averaged $3.0 million with an
average yield of approximately 33%.  The Finance
Company's portfolio averaged $1.6 million in consumer
finance loans yielding an average of 23%.  Credit card
loans at the Bank averaged $1.2 million and yielded an
average of 18%.

Investment volume increased significantly by $20.2
million, from $57.7 million at June 30, 1998 to $77.9
million at June 30, 1999.  Growth in MidSouth's deposits
resulting from the deposit  promotion in the second quarter
of 1999 far exceeded the moderate loan demand for the
same period.  Subsequently, excess dollars were invested in
investment securities.  The average taxable-equivalent yield
on investments declined by 10 basis points, from 6.44% at
June 30, 1998 to 6.34% at June 30, 1999.  The change in
the mix of earning assets combined with lower yields
decreased the taxable-equivalent yield on quarterly average
earning assets 47 basis points, from 9.05% for the second
quarter of 1998 to 8.58% for the second quarter of 1999.

An average volume increase of  $40.7 million in interest-
bearing liabilities resulted in increased interest expense for
the quarter ended June 30, 1999 compared to the quarter
ended June 30, 1998.  The percentage of average interest-
bearing deposits to average total deposits increased from
75% at June 30, 1998 to 77% at June 30, 1999.  The
average rate paid on interest-bearing deposits decreased 17
basis points, from 4.12% at June 30, 1998 to 3.95% at June
30, 1999.

The net effect of changes in the volume and mix of average
earning assets and interest-bearing liabilities increased net
interest income $355,151 in quarterly comparison.  The net
taxable-equivalent yield on average earning assets declined
43 basis points, from 5.82% for the quarter ended June 30,
1998 to 5.39% for the quarter ended June 30, 1999.
Review of the changes in the volume and yields of average
earning assets and interest-bearing liabilities between the
two six month periods ended June 30, 1999 and 1998
reflected results similar to the quarterly comparison.  The
net taxable-equivalent yield on average earning assets for
the six months ended June 30, 1999 decreased 33 basis
points from 5.72% at June 30, 1998 to 5.39% at June 30,
1999.  However, the volume increase in earning assets
resulted in increased net interest income of $685,569
between the two six month periods reviewed.


Non-interest Income

MidSouth's primary source of non-interest income, service
charges on deposit accounts, increased $107,021 for the
three months and $237,321 for the six months ended June
30, 1999 as compared to the same periods for 1998.  The
increases resulted primarily from additional insufficient
funds fees and an increase in service charge income due to
a higher volume of accounts serviced.


			     11


<PAGE>


Other non-interest income, net of gains on sales of
investment securities, increased $27,786 in quarterly
comparison and $47,960 in year-to-date comparison.  A
new mortgage origination program with a third party
processor contributed $14,725 to the increase for the
quarter and $22,667 for the six months ended June 30,
1999.  VISA merchant and debit card income increased
significantly in 1999, however, expenses associated with
these programs have also increased, offsetting the income.
Income from the sale of credit life insurance decreased
$15,781 for the quarter and $26,731 for the six months
period ended June 30, 1999 as compared to the same
periods ended June 30, 1998.  Sales of credit life insurance
are expected to increase in the third quarter of 1999 as a
result of a retail loan promotion scheduled in that quarter.

Non-interest Expense

Non-interest expense increased  $496,067 for the three
months and $891,904 for the six months ended June 30,
1999 compared to the three and six months ended June 30,
1998.   Increases were recorded primarily in the categories
of salaries and employee benefits, occupancy expenses,
marketing expenses, VISA programs and ATM processing
fees.  These increases reflect MidSouth's long term
investment in staff development, system upgrades and
market penetration. In addition, MidSouth paid $25,495 in
insurance agent commissions associated with TMC
insurance premium financing portfolio added during the
second quarter of 1999.

Salaries and employee benefits increased primarily due to
additional staff and an increase in the cost of group health
insurance.  The number of full-time equivalent ("FTE")
employees increased by 19, from 150 in June 1998 to 169
in June 1999. The increase includes nine employees added
with the merger of TMC on May 15, 1999.  Other positions
added over the past twelve months include trainer, internal
auditor, retail sales manager and several customer contact
positions.

Occupancy expense increased in the three and six month
periods ended June 30, 1999 compared to the same period
of 1998 due to increases in depreciation of building,
furniture, and equipment and maintenance expenses
incurred on fixed assets.  In addition, MidSouth recorded
increases in ad valorem taxes and janitorial expense.

Balance Sheet Analysis

MidSouth ended the second quarter of 1999 with
consolidated assets of $282,503,279, an increase of  $32.7
million or 13% from the $249,818,268 reported for
December 31, 1998.  Deposits increased over the six
months ended June 30, 1999 by $31.4 million, $27.5
million of which resulted from a deposit promotion held
during the months of March, April and May 1999.
The majority of the growth occurred in money market
deposits and certificates of deposit.   At the end of the
second quarter of 1999, total deposits included
approximately $18.2 million held under a public fund
contract that expired June 30, 1999.  The majority of these
funds were withdrawn within the first week of July.



			     12

<PAGE>


Loans experienced moderate growth of  $7.2 million in the
first six months of 1999, with the majority of the increase
in commercial and real estate loans.  Due to an influx of
deposits from the deposit promotion in the first six months
of 1999, excess funds were used to purchase additional
securities and federal funds sold.  Securities available-for-
sale increased $19.7million, from $43.9 million at
December 31, 1998 to $63.6 million at June 30, 1999.  The
increase reflects purchases of $ 27.0 million and maturities
and principal paydowns of $6.3 million.   Purchases of
securities held-to-maturity totaled $2.1 million for the same
period.  Unrealized losses in the securities available-for-
sale portfolio, net of unrealized gains and tax effect, were
$387,950 at June 30, 1999, compared to a net unrealized
gain of $ 276,700 at December 31, 1998.  These amounts
result from interest rate fluctuations and do not represent
permanent adjustment of value.  Moreover, classification of
securities as available-for-sale does not necessarily indicate
that the securities will be sold prior to maturity.

Capital

As of June 30, 1999, MidSouth's leverage ratio was 5.70%
as compared to 6.06% at December 31, 1998.  Tier 1 capital
to risk-weighted assets was 9.01% and total capital to risk-
weighted assets was 10.08% at the end of the second
quarter of 1999.  At year-end 1998, Tier 1 capital to risk-
weighted assets was 9.24% and total capital to risk-
weighted assets was 10.36%.


The Year 2000 Issue

The Year 2000 issue arises from the storage of data within
computer systems using a two digit field rather than a four
digit field to define the year.  Consequently, computer
programs may recognize a date using "00" as the year 1900
instead of 2000.  To maintain safe and sound banking
practices, financial institutions are required to take
appropriate measures to insure efficient operations of
computer systems beyond the year 2000.  MidSouth's
Board of Directors established a Year 2000 compliance
committee in June 1997.  The committee inventoried
MidSouth's hardware and software programs, identified
mission critical systems and forwarded letters to the
providers regarding Year 2000 compliance.  As of June 30,
1999, testing and updating has been performed on 100% of
MidSouth's mission critical systems, including the core
data processing hardware and software.  In addition,
MidSouth has received a warranty from the software
provider as to the completion of internal testing and
readiness of their programs.

To further reduce the risks associated with the Year 2000,
MidSouth continues to work with  commercial customers
and community businesses in preparation for the Year
2000.  In May 1998, MidSouth provided Year 2000
seminar participants with software designed to help them
identify issues within their organizations.  The software
guides the user through the vendor identification and
tracking process and provides assistance in other issues
such as contingency planning.  As part of its own
contingency planning, MidSouth has agreements with and
has tested the capabilities of two vendors to provide short-
term and long-term processing.



			     13


<PAGE>


In compliance with Year 2000 disclosure requirements, the
committee has analyzed the impact that compliance with
the Year 2000 may have on earnings.  Costs totaling
approximately $93,500 have been identified for testing and
other expenses.  MidSouth directly expensed approximately
$27,000 of these costs during the first six months of 1999.
Additional costs are expected, but it is management's
opinion that the costs will not be material to MidSouth's
earnings.



			     14


<PAGE>


Nonperforming Assets and Past Due Loans
Table 1 summarizes MidSouth's nonaccrual, past due and
restructured loans and nonperforming assets.


<TABLE>
<CAPTION>

			  TABLE 1

		  Nonperforming Assets and

		   Loans Past Due 90 Days


================================================================

			   June           December      June
			    30,              31,         30,
			   1999             1998        1998

=================================================================


<S>                       <C>            <C>           <C>
Nonperforming loans

   Nonaccrual loans       $165,630       $ 533,107     $341,419

   Restructured loans            -               -            -
			  _____________________________________


Total nonperforming loans  165,630         533,107      341,419


Other real estate owned,
  net                      357,575          48,100       39,100

Other assets repossessed    42,563          26,533        5,854

			  _____________________________________


Total nonperforming
  assets                  $565,768        $607,740     $386,373
			  =====================================



Loans past due 90 days

Or more and still
  accruing                $550,516        $329,116     $322,080


Nonperforming loans
  as a % of total
  loans                        .10%           0.34%        0.24%



Nonperforming assets
  as a % of total
  loans, other real
  Estate owned and
  other assets
  Repossessed                 0.35%           0.39%        0.27%


ALL as a % of
  nonperforming loans
  and other real estate
  owned                     363.85%         320.11%      443.00%



</TABLE>



			     15


<PAGE>

Nonperforming assets were $565,768 as of June 30, 1999, a
decrease of  $41,972 from the $607,740 reported for
December 31, 1998 and an increase of $179,395 from the
$386,373 reported for June 30, 1998. Two related
commercial credits totaling $357,575 were moved from
nonaccrual loans into other real estate owned in June 1999.
Loans past due 90 days or more increased from $322,080
in June 1998 to $329,116 in December 1998 and to
$550,516 as of June 30, 1999.  Of the $550,516 in loans
past due 90 days or more, $77,602 were funded by the
Finance Company and $49,188 represent past due
insurance premium financing loans at TMC.

Specific reserves have been established in the ALL to cover
potential losses on nonperforming assets.  The ALL is
analyzed quarterly and additional reserves, if needed, are
allocated at that time.  Management believes the
$1,903,689 in the reserve as of June 30, 1999 is sufficient
to cover potential losses in nonperforming assets and in the
loan and lease portfolios.  Loans classified for regulatory
purposes but not included in Table 1 do not represent
material credits about which management has serious
doubts as to the ability of the borrower to comply with loan
repayment terms.


			     16




<PAGE>

						       Page 17


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

At the annual meeting of shareholders of MidSouth Bancorp, Inc.
held May 12, 1999 at 2:00 p.m., the Class III Directors were
elected.


<TABLE>
<CAPTION>


The following provides information as to the votes:


Election of Directors           For             Withheld        Abstentions     Broker Non-Votes
<S>                             <C>             <C>             <C>             <C>
James R. Davis, Jr.             2,129,728       26,113

Karen L. Hail                   2,127,855       27,986

Milton B. Kidd, III             2,128,783       27,058


</TABLE>


Proposal to approve the Amendment to the Articles to increase
the authorized Common Stock was approved by a vote of 1,985,897
shares voted for, 156,644 shares voted against, 13,358 shares
abstained from voting and 58 broker non-votes.


<PAGE>

Item 6.  Exhibits and Reports on Form 8-K                Page 18

(a) Exhibits

Exihibit Number         Document Description

3.1                     Amended and Restated Articles of Incorporation
			of MidSouth Bancorp, Inc. is included as Exhibit
			3.1 to the MidSouth's Report on Form 10-K for
			the year ended December 31, 1993, and is
			incorporated herein by reference.

3.2                     Articles of Amendment to Amended and Restated
			Articles of Incorporation dated July 19, 1995
			are included as Exhibit 4.2 to MidSouth's
			Registration Statement on Form S-8 filed
			September 20, 1995 and is incorporated herein
			by reference.

3.3                     Amended and Restated By-laws adopted by the Board
			of Directors on April 12, 1995 are included as
			Exhibit 3.2 to Amendment No. 1 to MidSouth's
			Registration Statement on Form S-4 (Reg.
			No. 33-58499) filed on June 1, 1995.

10.1                    MidSouth National Bank Lease Agreement with
			Southwest Bank Building Limited Partnership
			is included as Exhibit 10.7 to the Company's
			annual report on Form 10-K for the Year Ended
			December 31, 1992, and is incorporated herein
			by reference.

10.2                    First Amendment to Lease between MBL Life
			Assurance Corporation, successor in interest
			to Southwest Bank Building Limited Partnership
			in Commendam, and MidSouth National Bank is
			included as Exhibit 10.1 to Report on the
			Company's annual report on Form 10-KSB for
			the year ended December 31, 1994, and is
			incorporated herein by reference.

10.3                    Amended and Restated Deferred Compensation
			Plan and Trust is included as Exhibit 10.3
			to the Company's annual report on Form 10-K
			for the year ended December 31, 1992 and is
			incorporated herein by reference.

10.4                    Employment Agreements with C. R. Cloutier and
			Karen L. Hail are included as Exhibit 5(c) to
			MidSouth's Form 1-A and are incorporated
			herein by reference.

10.6                    MidSouth Bancorp, Inc.'s 1997 Stock Incentive
			Plan is included as Exhibit 4.5 to MidSouth's
			definitive Proxy Statement filed April 11, 1997,
			and is incorporated herein by reference.



<PAGE>

							       Page 19


10.7                    The MidSouth Bancorp, Inc. Dividend Reinvestment
			and Stock Purchase Plan is included as Exhibit 4.6
			to MidSouth Bancorp, Inc.'s Form S-3D filed on
			July 25, 1997 and is incorporated herein by
			reference.

10.8                    Loan Agreements and Master Notes for lines of
			credit established for MidSouth Bancorp, Inc.
			and Financial Services of the South, Inc. are
			included as Exhibit 10.7 of MidSouth's
			Form 10-QSB filed on August 14, 1997 and is
			incorporated herein by reference.

10.9                    Modification Agreement to the Loan Agreement
			and Master Note for the Line of Credit
			established for MidSouth Bancorp, Inc. is
			included as Exhibit 10.9 of this filing.

11                      Computation of earnings per share

27                      Financial Data Schedule

     (b)  Reports Filed on Form 8-K


			(none)



Signatures

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


			MidSouth Bancorp, Inc.
			(Registrant)



Date:  August 13, 1999
       _______________

			/s/ C. R. Cloutie
			C. R. Cloutier, President & CEO



			/s/ Karen L. Hail
			Karen L. Hail, Executive Vice President & CFO



			/s/ Teri S. Stelly
			Teri S. Stelly, Senior Vice President & Controller