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): November 10, 2008
FIRST FEDERAL BANKSHARES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-25509 42-1485449
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(State or Other Jurisdiction) (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
329 Pierce Street, Sioux City, Iowa 51101
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (712) 277-0200
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Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On August 12, 2008, First Federal Bankshares, Inc. (the "Company") filed a
Form 8-K announcing its results of operations and financial condition at and for
the three months and twelve months ended June 30, 2008. In that filing, the
Company reported a net loss for the three and twelve months ended June 30, 2008
of $19.3 million and $22.5 million, respectively. Subsequent to that filing, the
Company, in consultation with its public accounting firm, concluded that "other
than temporary" impairment charges should be recognized on certain of the
Company's trust preferred collateralized debt obligations. This increased the
net loss for the three and twelve months ended June 30, 2008 to $22.2 million
and $25.4 million, respectively.
Details of the Company's results of operations and financial condition at
and for the twelve months ended June 30, 2008, will be reported in the Company's
Annual Report on Form 10-K, which is expected to be filed by the Company during
the week of November 10, 2008.
Item 9.01. Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Not Applicable.
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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, hereunto duly authorized.
FIRST FEDERAL BANKSHARES, INC.
DATE: November 10, 2008 By: /s/ Michael Moderski
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Michael Moderski
Senior Vice President and
Chief Financial Officer