8-K

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): January 26, 2007

NORTH CENTRAL BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Iowa (State or other jurisdiction of incorporation) 0-27672 (Commission File Number) 42-1449849 (IRS Employer Identification No.)

825 Central Avenue, Fort Dodge, Iowa 50501

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (515) 576-7531

Not Applicable

(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 2.02Results of Operations and Financial Condition

On January 26, 2007, North Central Bancshares, Inc. (the “Company”) announced that Paul F. Bognanno is to become President and Chief Executive Officer of the Company and Chief Executive Officer of First Federal Savings Bank of Iowa, effective July 1, 2007. A copy of the press release dated January 26, 2007, is attached as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits

The following exhibit is furnished with this Report:

Exhibit No.          Description

99.1                    Press release issued by the Company on January 26, 2007.

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.

NORTH CENTRAL BANCSHARES, INC.

By:    /s/ David M. Bradley

Name:David M. Bradley

Title:  Chairman, President and Chief Executive Officer

Date: January 26, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated January 26, 2007.

EX-99.1

Exhibit 99.1Press Release

PRESS RELEASE

January 26, 2007

For further information contact:

David M. Bradley, Chairman, President and Chief Executive Officer

North Central Bancshares, Inc.

825 Central Avenue

Fort Dodge, Iowa 50501

515-576-7531

NORTH CENTRAL BANCSHARES, INC. ANNOUNCES PAUL F. BOGNANNO TO BECOME PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NORTH CENTRAL BANCSHARES, INC. AND CHIEF EXECUTIVE OFFICER OF FIRST FEDERAL SAVINGS BANK OF IOWA.

Fort Dodge, Iowa, January 26, 2007 - North Central Bancshares, Inc. (Nasdaq: "FFFD") (the "Company"), the holding company for First Federal Savings Bank of Iowa, announced today that Paul F. Bognanno will succeed David M. Bradley as President and Chief Executive Officer of North Central Bancshares, Inc. effective July 1, 2007. Mr. Bognanno will also become Chief Executive Officer of First Federal Savings Bank of Iowa effective July 1, 2007. In the interim, to assist in the transition, Mr. Bognanno will assume the title of Senior Executive Vice President of the Company.

Mr. Bognanno joined the Company and Bank board of directors in 2005. Previously he was employed by the Principal Financial Group and its predecessors Principal Mutual Life Insurance Company and Bankers Life Company from 1973 to 2004. From 1993 to 2004, he was President and CEO of Principal Residential Mortgage, Inc. a subsidiary of the Principal Financial Group. At the time of its sale to CitiMortgage, Inc. on July 1, 2004, Principal Residential Mortgage, Inc. had a mortgage servicing portfolio of $120 billion. From 2000 to 2003, Mr. Bognanno also served as Chairman of the Board of Principal Bank, an OTS regulated savings bank wholly owned by the Principal Financial Group. Mr. Bognanno is a graduate of Indiana University and resides in Des Moines, Iowa.

“I have worked with Paul for the past two years in his role as a director and am extremely impressed with his business judgment and leadership qualities,” said Mr. Bradley. “We are extremely fortunate to have a person with his unique complementary background experiences and character to lead North Central Bancshares, Inc. at this particular time of competitive and economic challenges. Paul is well known in the Des Moines area and will greatly complement our growth strategy in this relatively new market for the bank.”

After Mr. Bognanno assumes these positions effective July 1, 2007, Mr. Bradley will continue to serve as Chairman of the Board of North Central Bancshares, Inc. and First Federal Savings Bank of Iowa in an executive officer position. Mr. Bradley has been employed by the bank since 1982 and has served as its CEO since 1992. He has served as the President and CEO of North Central Bancshares, Inc. since its inception in December 1995. He became Chairman of the Board of North Central Bancshares, Inc. and the bank as of January 1, 1997.

“I am excited to continue my affiliation with North Central Bancshares, Inc. and First Federal Savings Bank of Iowa,” said Mr. Bradley. “I look forward to working with Paul and all of our staff to achieve our strategic goals.”

North Central Bancshares, Inc., with over $515 million in assets as of December 31, 2006, is the holding company for First Federal Savings Bank of Iowa, a federally chartered stock savings bank. First Federal is a community-oriented institution serving Iowa through 11 full service locations in Fort Dodge, Nevada, Ames, Ankeny, Perry, Clive, West Des Moines, Burlington and Mt. Pleasant, Iowa. First Federal's deposits are insured by the Federal Deposit Insurance Corporation.