================================================================================

                                  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)
                                  May 14, 2004



                               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 No.)



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 and Exhibits
          ---------------------------------

          (c) Exhibits:

              99.1     Press Release dated May 14, 2004



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

     On May 14, 2004, the Registrant  issued a press release to report  earnings
for the  quarter  and nine  months  ended  March 31,  2004.  A copy of the press
release is furnished with this report 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.


                                          GFSB Bancorp, Inc.


Date: May 14, 2004                        By:   /s/Jerry R. Spurlin
                                                --------------------------------
                                                Jerry R. Spurlin
                                                Chief Financial Officer
                                                (Duly Authorized Representative)