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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                   FORM 10-Q/A
                                Ammendment No. 1

                                   (Mark One)

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

                  For the quarterly period ended June 30, 1997

                                       OR

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

           For the transition period from ____________ to ____________

                         Commission file number 0-20187

                                MSB BANCORP, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                                           06-1341670
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                          Identification No.)

                   35 Matthews Street, Goshen, New York 10924
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (914) 294-8100
               (Registrant's telephone number including area code)

                                       N/A
              (Former name, former address and former fiscal year,
                          if changed from last Report)

        Indicate by check mark whether the  registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the  Securities  Exchange Act of
1934 during the  preceding  twelve  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 .

       Indicate  the  number  of  shares  outstanding  of each of the  issuer's
classes of common stock as of the latest practicable date.
                                                       Outstanding at
                     Class                             June 30, 1997
                    -------                            --------------
                 Common Stock,                           2,844,153
                par value $.01

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                                TABLE OF CONTENTS


                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements

        Consolidated Balance Sheets (Unaudited) -- June 30, 1997
        and December 31, 1996..................................................3

        Consolidated Statements of Income (Unaudited) -- Quarter and Six
        Months ended June 30, 1997 and 1996....................................4

        Consolidated Statements of Cash Flows (Unaudited) --Six Months
        ended June 30, 1997 and 1996...........................................6

        Notes to Unaudited Consolidated Financial Statements...................8

Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations................................................ 12

Item 3. Quantitative and Qualitative Disclosures
        about Market Risk.....................................................25


                          PART II -- OTHER INFORMATION

Item 1. Legal Proceedings ....................................................26

Item 2. Changes in Securities.................................................26

Item 3. Defaults upon Senior Securities.......................................26

Item 4. Submission of Matters to a Vote of Security Holders...................26

Item 5. Other Information.....................................................27

Item 6. Exhibits and Reports on Form 8-K......................................27

        Signatures............................................................28







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Item 6. Exhibits and Reports on Form 8-K

                      (a)    Exhibit 27--Financial Data Schedule*- This schedule
                             is being ammended to correct typographical errors.







                      *   Submitted only with filing in electronic format.






















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                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.






                                                  MSB Bancorp, Inc.
                                                  (Registrant)





                                            By: /s/ Anthony J. Fabiano
                                               ---------------------------
                                                Anthony J. Fabiano
                                                Senior Vice President and Chief
                                                Financial and Accounting Officer

August 13, 1997












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