UNITEDTable STATESof Contents

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

~~Securities~~Date ~~Exchange~~of ~~Act~~Report (date of ~~1934~~earliest event reported): October 27, 2003

~~Date~~KS ~~of Report (date of earliest event reported): July 29~~Bancorp, ~~2003~~Inc.

KS(Exact ~~Bancorp,~~Name ~~Inc.~~of Registrant as Specified in Its Charter)

(Exact Name of Registrant as Specified in Its Charter)

North Carolina

000-22734

56-1842707

(State or Other Jurisdiction

of Incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

North Carolina	000-22734	56-1842707
207 W Second Street Kenly, North Carolina	27542
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)
(Address of Principal Executive Offices)	(Zip Code)

207 W Second Street Kenly, North Carolina		27542
(Address of Principal Executive Offices)		(Zip Code)

(919) 284-4157

(~~919~~Registrant’s Telephone Number, Including Area Code) ~~284-4157~~

(Registrant’sTable Telephoneof Number, Including Area Code) Contents

KS Bancorp, Inc.

INDEX

		Page
Item 7 – Financial Statements and Exhibits		3
Item 12 – Results of Operations and Financial Condition		3
Signatures		4
Exhibit 99(a) Press Release dated July 29, 2003		5

ItemTable 7.of Financial Statements and ExhibitsContents

~~(c)~~ Item 7. Financial Statements and Exhibits

(99c)~~(a)~~ ~~Press~~Exhibits ~~Release, dated July 29, 2003~~

~~Item~~(99)(a) ~~12.~~Press ~~Results~~Release, ofdated ~~Operations~~October ~~and~~27, 2003 ~~Financial Condition~~

On Item ~~July 29, 2003, KS Bancorp, Inc~~12. ~~announced~~Results ~~second~~of ~~quarter~~Operations ~~earnings~~ and ~~declared~~Financial aCondition ~~quarterly dividend of $0.16 per share for shareholders of record on July 24, 2003 with payment to be made on August 5, 2003.~~

AOn ~~copy~~October of27, ~~the~~2003, ~~press~~KS ~~release~~Bancorp, ~~announcing~~Inc. ~~the~~announced ~~second~~third quarter earnings and ~~the~~declared a quarterly dividend isof ~~attached~~$0.16 ~~hereto~~per asshare ~~Exhibit~~for ~~(99)(a)~~shareholders ~~and~~of isrecord ~~incorporated~~on byOctober ~~reference~~28, ~~herein.~~2003 with payment to be made on November 6, 2003.

~~Disclosure~~A ~~about~~copy ~~forward-looking~~of ~~statements~~the press release announcing the third quarter earnings and the dividend is attached hereto as Exhibit (99)(a) and is incorporated by reference herein.

~~This~~Disclosure ~~Form~~about ~~8-K contains~~ forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management’s business strategy, national, regional, and local market conditions and legislative and regulatory conditions.

~~Readers~~This ~~should~~Form ~~not~~8-K ~~place~~contains ~~undue reliance on~~ forward-looking statements,. ~~which~~These ~~reflect~~statements ~~management’s~~are ~~view~~subject ~~only~~to ascertain ofrisks ~~the~~and ~~date~~uncertainties ~~hereof.~~that ~~The~~could ~~Company~~cause ~~undertakes~~actual noresults ~~obligation~~ to ~~publicly~~differ ~~revise~~materially ~~these~~from those anticipated in the forward-looking statements. toFactors ~~reflect~~that ~~subsequent~~might ~~events~~cause orsuch ~~circumstances.~~a ~~Readers~~difference ~~should~~include, ~~also carefully~~but ~~review~~are ~~the~~not ~~risk~~limited ~~factors~~to, ~~described~~changes in ~~other~~interest ~~documents~~rate ~~the~~environment, ~~Company~~management’s ~~files~~business ~~from~~strategy, ~~time~~national, toregional, ~~time~~and ~~with~~local ~~the~~market ~~Securities~~conditions and ~~Exchange~~legislative ~~Commission~~and regulatory conditions.

3Readers should not place undue reliance on forward-looking statements, which reflect management’s view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should also carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission.

~~SIGNATURES~~3

PursuantTable 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. Contents

	KS BANCORP, INC.
Date: July 29, 2003	By:	/s/ EARL W. WORLEY, JR.
		Earl W. Worley, Jr. Chief Financial Officer

SIGNATURES

4Pursuant 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.

	KS BANCORP, INC.

Date: October 27, 2003	By:	/s/ EARL W. WORLEY, JR.

		Earl W. Worley, Jr.
		Chief Financial Officer

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