-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 WZ2nv4iSh2DGeYYaOFS5Dg==

<SEC-DOCUMENT>0001185252-03-000034.txt : 20030728
<SEC-HEADER>0001185252-03-000034.hdr.sgml : 20030728
<ACCEPTANCE-DATETIME>20030725175510
ACCESSION NUMBER:		0001185252-03-000034
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030725
FILED AS OF DATE:		20030728

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WALTER LLOYD G JR
		CENTRAL INDEX KEY:			0001185269

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11448
		FILM NUMBER:		03804372

	BUSINESS ADDRESS:	
		STREET 1:		C/O LEXINGTON STATE BANK
		STREET 2:		867
		CITY:			LEXINGTON
		STATE:			NC
		ZIP:			27293
		BUSINESS PHONE:		3362486500

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LSB BANCSHARES INC /NC/
		CENTRAL INDEX KEY:			0000714530
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				561348147
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 867
		STREET 2:		ONE LSB PLZ
		CITY:			LEXINGTON
		STATE:			NC
		ZIP:			27293-0867
		BUSINESS PHONE:		9102486500

	MAIL ADDRESS:	
		STREET 1:		P O BOX 867
		CITY:			LEXINGTON
		STATE:			NC
		ZIP:			27293-0867
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgardoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2003-07-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000714530</issuerCik>
        <issuerName>LSB BANCSHARES INC /NC/</issuerName>
        <issuerTradingSymbol>LXBK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001185269</rptOwnerCik>
            <rptOwnerName>WALTER LLOYD G JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>DIRECTOR</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>
        <transactionDate>
            <value>2003-07-15</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>4</transactionFormType>
            <transactionCode>P</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
        </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>24.2095</value>
            </transactionShares>
            <transactionValue>
                <value>18.6096</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>3384.7574</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>
            <natureOfOwnership>
                <value>Deferred Trust</value>
                <footnoteId id="F2"/>
            </natureOfOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <footnotes>
        <footnote id="F1">Acquisition pursuant to reinvestment of dividends</footnote>
        <footnote id="F2">Other Holdings:  6,353.0000 shares Direct, 1,388.0000 shares by Self IRA Trust</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>By: Monty J. Oliver  For: Lloyd G. Walter, Jr.</signatureName>
        <signatureDate>2003-07-25</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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