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) April 20, 2005

                            FIRST SOUTH BANCORP, INC.
             (Exact Name of Registrant as Specified in Its Charter)

           VIRGINIA                     0-22219                56-1999749
-------------------------------      ------------          -------------------
(State or other jurisdiction of      (Conmmission             (IRS Employer
 incorporation or organization)      File Number)          Identification No.)


1311 Carolina Avenue, Washington, North Carolina                27889
------------------------------------------------              ----------
(Address of principal executive offices)                      (Zip Code)

                                 (252) 946-4178
              (Registrant's telephone number, including area code)

                                 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:

|_|   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))

<PAGE>

Item 2.02. Results of Operations and Financial Condition

On April 20, 2005,  First South  Bancorp,  Inc. (the  "Company")  issued a press
release  announcing its unaudited  financial results for the quarter ended March
31, 2005. A copy of the press  release  dated April 20, 2005 is attached to this
Report as an exhibit (Exhibit 99.1) and is furnished herewith.

Item 9.01. Financial Statements and Exhibits

(a)   Not applicable

(b)   Not applicable

(c)   The following exhibit is filed herewith:

      Exhibit 99.1 - Press Release dated April 20, 2005.

                                   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

                                           First South Bancorp, Inc.
                                           (Registrant)


Date: April 20, 2005                       By: /s/ William L. Wall
                                               -------------------
                                           William L. Wall
                                           Executive Vice President
                                           Chief Financial Officer
{"company-data": {"conformed-name": "FIRST SOUTH BANCORP INC /VA/", "cik": "0001027183", "assigned-sic": "6022", "irs-number": "561999749", "state-of-incorporation": "VA", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22219", "film-number": "05761727"}, "business-address": {"street1": "1311 CAROLINA AVE", "city": "WASHINGTON", "state": "NC", "zip": "27889", "phone": "2529464178"}, "mail-address": {"street1": "1311 CAROLINA AVENUE", "city": "WASHINGTON", "state": "NC", "zip": "27889"}, "former-company": {"former-conformed-name": "NEWSOUTH BANCORP INC", "date-changed": "19961115"}}
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) April 20, 2005

                            FIRST SOUTH BANCORP, INC.
             (Exact Name of Registrant as Specified in Its Charter)

           VIRGINIA                     0-22219                56-1999749
-------------------------------      ------------          -------------------
(State or other jurisdiction of      (Conmmission             (IRS Employer
 incorporation or organization)      File Number)          Identification No.)

1311 Carolina Avenue, Washington, North Carolina                27889
------------------------------------------------              ----------
(Address of principal executive offices)                      (Zip Code)

                                 (252) 946-4178
              (Registrant's telephone number, including area code)

                                 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:

|_|   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 2.02. Results of Operations and Financial Condition

On April 20, 2005,  First South  Bancorp,  Inc. (the  "Company")  issued a press
release  announcing its unaudited  financial results for the quarter ended March
31, 2005. A copy of the press  release  dated April 20, 2005 is attached to this
Report as an exhibit (Exhibit 99.1) and is furnished herewith.

Item 9.01. Financial Statements and Exhibits

(a)   Not applicable

(b)   Not applicable

(c)   The following exhibit is filed herewith:

      Exhibit 99.1 - Press Release dated April 20, 2005.

                                   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

                                           First South Bancorp, Inc.
                                           (Registrant)

Date: April 20, 2005                       By: /s/ William L. Wall
                                               -------------------
                                           William L. Wall
                                           Executive Vice President
                                           Chief Financial Officer