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): March 31, 2006
                         NORTH CENTRAL BANCSHARES, INC.
             (Exact name of registrant as specified in its charter)

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

           c/o First Federal Savings Bank of Iowa, 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 8.01   Other Events

         On March 31, 2006, North Central Bancshares, Inc. (the "Company")
announced a stock repurchase program commencing immediately upon completion of
current repurchase program. A copy of the press release dated March 31, 2006, is
attached as Exhibit 99.1.

Item 9.01   Financial Statements and Exhibits

(c)   The following exhibit is furnished with this Report:

         Exhibit No.      Description
         -----------      -----------

         99.1             Press release issued by the Company on March 31, 2006.




                                   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: March 31, 2006



                                  EXHIBIT INDEX


     Exhibit No.                  Description
     -----------                  -----------
        99.1          Press Release dated March 31, 2006.

EX-99

Exhibit  99.1  Press Release


PRESS RELEASE
March 31, 2006

                                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
                            STOCK REPURCHASE PROGRAM

Fort Dodge, Iowa, March 31, 2006 - North Central Bancshares, Inc. (Nasdaq:
"FFFD") (the "Company"), the holding company for First Federal Savings Bank of
Iowa, announced today that it will commence a new stock repurchase program. The
program authorizes the Company to repurchase up to 100,000 shares, or 6.99%, of
its 1,430,053 outstanding shares of common stock and will remain open until all
shares authorized for repurchase have been repurchased. The repurchases will be
made from time to time, in open market transactions, at the discretion of
management.

This new program will commence immediately upon the completion of the Company's
current repurchase program approved on January 27, 2006. The current repurchase
program consists of the repurchase of 100,000 shares of the Company's common
stock, of which 14,150 shares remain to be purchased.

North Central Bancshares, Inc., with over $485 million in assets as of December
31, 2005, 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 10 full service locations in Fort Dodge,
Nevada, Ames, Ankeny, Perry, Clive, Burlington and Mt. Pleasant, Iowa. First
Federal's deposits are insured by the Federal Deposit Insurance Corporation.