SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    Form 8-K


                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): October 21, 2002


                         First Federal Bankshares, Inc.
             (Exact name of registrant as specified in its charter)


          Delaware                      0-25509                 42-1485449
          --------                      -------                 ----------
(State or other jurisdiction)     (Commission File No.)     (I.R.S. Employer
        of incorporation)                                    Identification No.)



                                     
Address of principal executive offices: 329 Pierce Street, Sioux City, Iowa   51101
                                        -------------------------------------------



Registrant's telephone number, including area code:  (712) 277-0200
                                                     --------------


                                 Not Applicable
                     --------------------------------------
          (Former name or former address if changed since last report)




Item 5.  Other Events

     First Federal Bankshares,  Inc. (the "Company") announced quarterly results
for the three months ended  September  30, 2002.  Please see Press Release dated
October 21, 2002, a copy of which is included as Exhibit 99.1.







                                   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, hereunto duly authorized.


                                    FIRST FEDERAL BANKSHARES, INC.


DATE:  October 21, 2002             By:  /s/ Barry Backhaus
                                         -------------------------------------
                                         Barry Backhaus
                                         President and Chief Executive Officer





                                  EXHIBIT INDEX


The following Exhibits are filed as part of this report:

         Exhibit 99.1     Press Release of First Federal Bankshares, Inc. dated
                          October 21, 2002.