Item 2.02. Results of Operations and Financial Condition

On November 14, 2008, First Federal Bankshares, Inc. issued a press release regarding its results of operations and financial condition at and for the three months ended September 30, 2008. The text of the press release and a related financial supplement are included as Exhibit 99.1 to this report. The information included in the press release text and the financial supplement is considered to be "furnished" under the Securities Exchange Act of 1934. The Company will include final interim financial statements and additional analyses at and for the three months ended September 30, 2008, as part of its Form 10-Q covering that period.

Item 9.01. Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits: The following exhibit is being furnished herewith:

Exhibit No. Exhibit Description

99.1 Press release text and financial supplement of First Federal Bankshares, Inc. dated November 14, 2008

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