UNITED STATES
                       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)
                                 August 13, 2003



                               GFSB Bancorp, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



         Delaware                        0-25854               04-2095007
- ----------------------------         ----------------         -------------
(State or other jurisdiction         (Commission File         (IRS Employer
of incorporation)                        Number)          Identification Number)



221 West Aztec Avenue, Gallup, New Mexico                       87301
- -----------------------------------------                       -----
(Address of principal executive offices)                      (Zip Code)



Registrant's telephone number, including area code:  (505) 726-6500
                                                     --------------



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



                               GFSB BANCORP, INC.

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits
          -----------------------------------------

         (c) Exhibits:

                  99.1     Press Release dated August 13, 2003



Item 12.  Results of Operation and Financial Condition
          --------------------------------------------

     On  August  13,  2003,  the  Registrant  issued a press  release  to report
earnings  for the year  ended  June 30,  2003.  A copy of the press  release  is
furnished with this Form 8-K as an exhibit.




                                   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.



                                         GFSB Bancorp, Inc.


Date: August 14, 2003                     By:   /s/Jerry R. Spurlin
                                                --------------------------------
                                                Jerry R. Spurlin
                                                Chief Financial Officer
                                                (Duly Authorized Representative)