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 17, 2006

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

           VIRGINIA                    0-22219                  56-1999749
           --------                    -------                  ----------
(State or other jurisdiction of      (Commission              (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 January 17, 2006, First South Bancorp, Inc. (the "Company") issued a press
release announcing its unaudited financial results for the quarter ended
December 31, 2005 and the year ended December 31, 2005. A copy of the press
release dated January 17, 2006 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 January 17, 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

                                                First South Bancorp, Inc.
                                                (Registrant)



Date: January 17, 2006                          By: /s/ William L. Wall
                                                    -------------------
                                                    William L. Wall
                                                    Executive Vice President
                                                    Chief Financial Officer and
                                                    Secretary
{"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": "06532181"}, "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) January 17, 2006

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

           VIRGINIA                    0-22219                  56-1999749
           --------                    -------                  ----------
(State or other jurisdiction of      (Commission              (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 January 17, 2006, First South Bancorp, Inc. (the "Company") issued a press
release announcing its unaudited financial results for the quarter ended
December 31, 2005 and the year ended December 31, 2005. A copy of the press
release dated January 17, 2006 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 January 17, 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

                                                First South Bancorp, Inc.
                                                (Registrant)

Date: January 17, 2006                          By: /s/ William L. Wall
                                                    -------------------
                                                    William L. Wall
                                                    Executive Vice President
                                                    Chief Financial Officer and
                                                    Secretary