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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMISSION**

**WASHINGTON,      DC 20549**

**FORM      10-QSB**

**ES      BANCSHARES, INC.**

| Maryland                                       | 20-4663714                                          |
|------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer Identification No.) |
| Incorporation                or organization)  |                                                |

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**ES      BANCSHARES, INC.**

**FORM      10-QSB**

**FOR      THE QUARTERLY PERIOD ENDED JUNE 30, 2006**

**PART      I - FINANCIAL INFORMATION**

|                                                |                                                                                                                               | **Page** |
|------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|----------|
|                                           |                                                                                                                          |     |
| **Item                1.**                     | **Financial                Statements (Unaudited)**                                                                           | **2**    |
|                                           |                                                                                                                          |     |
| **Item                2.**                     | **Management’s                Discussion and Analysis of Financial Condition and Results of                Operations** | **2**    |
|                                           |                                                                                                                          |     |
|                                           |                                                                                                                          |     |
| **Item                3.**                     | **Controls                and Procedures**                                                                                    | **2**    |
|                                           |                                                                                                                          |     |
|                                           |                                                                                                                          |     |
| **PART                11 - OTHER INFORMATION** |
|                                           |                                                                                                                          |     |
|                                           |                                                                                                                          |     |
| **Item                1.**                     | **Legal                Procedures**                                                                                           | **2**    |
|                                           |                                                                                                                          |     |
| **Item                2.**                     | **Unregistered                Sales of Equity Securities and Use of Proceeds**                                                | **2**    |
|                                           |                                                                                                                          |     |
| **Item                3**                      | **Defaults                on Senior Securities**                                                                              | **3**    |
|                                           |                                                                                                                          |     |
| **Item                4.**                     | **Submission                of Matters to a Vote of Security Holders**                                                        | **3**    |
|                                           |                                                                                                                          |     |
| **Item                5.**                     | **Other                Information**                                                                                          | **3**    |
|                                           |                                                                                                                          |     |
| **Item                6.**                     | **Exhibits**                                                                                                                  | **4**    |
|                                           |                                                                                                                          |     |
| **Signatures**                                 |                                                                                                                          | **5**    |

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**PART      1**

| **Item              1.** | **Financial                Statements (Unaudited)** |
|--------------------------|-----------------------------------------------------|

| **Item              2.** | **Management’s                Discussion and Analysis of Financial Condition and Results of                Operations** |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------|

| **Item              3.** | **Controls                and Procedures** |
|--------------------------|--------------------------------------------|

**PART      II**

| **Item              1.** | **Legal                Proceedings** |
|--------------------------|--------------------------------------|

| **Item              2.** | **Unregistered                Sales of Securities and Use of Proceeds** |
|--------------------------|-------------------------------------------------------------------------|

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| **Item              3.** | **Defaults                on Senior Securities** |
|--------------------------|--------------------------------------------------|

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

| **Item              5.** | **Other                Information** |
|--------------------------|--------------------------------------|

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| **Item              6.** | **Exhibits** |
|--------------------------|--------------|

| **Exhibit****Number** | **Document**                                                                                                                          | **Reference                to****Previous****Filing****If                Applicable** |
|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|
|                  |                                                                                                                                  |                                                                                  |
| 2.1                   | Agreement                and Plan of Share Exchange                                                                                   | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 3.1                   | Articles                of Incorporation                                                                                              | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 3.2                   | Bylaws                                                                                                                                | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 4                     | Form                of Stock Certificate                                                                                              | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 10.1                  | Employment                Agreement with Philip A. Guarnieri                                                                          | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 10.2                  | Employment                Agreement with Anthony P. Costa                                                                             | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 10.3                  | Employment                Agreement with Arthur W. Budich                                                                             | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 10.4                  | Empire                State Bank, N.A. 2004 Stock Option Plan                                                                         | *                                                                                     |
|                  |                                                                                                                                  |                                                                                  |
| 16                    | Code                of Ethics                                                                                                         |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |
| 31.1                  | Certification                of Chief Executive Officer Pursuant to Section                302 of the Sarbanes-Oxley Act of 2002      |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |
| 31.2                  | Certification                of Chief Financial Officer Pursuant to Section                302 of the Sarbanes-Oxley Act of 2002 |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |
| 32.1                  | Certification                of Chief Executive Officer Pursuant to Section                906 of the Sarbanes-Oxley Act of 2002      |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |
| 32.2                  | Certification                of Chief Financial Officer Pursuant to Section                906 of the Sarbanes-Oxley Act of 2002      |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |
| 99.1                  | Form                10-QSB for the quarterly period ending June 30, 2006 of                Empire State Bank, National Association    |                                                                                  |
|                  |                                                                                                                                  |                                                                                  |

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**SIGNATURES**

|                               |                                              |                                   |
|------------------------------------|---------------------------------------------------|----------------------------------------|
|                               | ES                Bancshares, Inc.                |
|                          |                                         |                              |
| Date:              August 14, 2006 | By:                                     | /s/ Anthony              P. Costa |
|                               | Anthony              P. Costa, Chairman and Chief |
|                               | Executive                Officer                  |

|                                 |                                                     |                                                    |
|--------------------------------------|----------------------------------------------------------|---------------------------------------------------------|
|                            |                                                |                                               |
| Date:                August 14, 2006 | By:                                            | /s/ Arthur                W.                Budich |
|                                 | Arthur                W. Budich, Chief Financial Officer |
|                                 |                                                     |

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