UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
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                                    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 26, 2004


                             1st State Bancorp, Inc.
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               (Exact Name of Registrant as Specified in Charter)


      Virginia                      0-25859                      56-2130744
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(State or Other Jurisdiction      (Commission                 (I.R.S. Employer
      of Incorporation)           File Number)               Identification No.)



445 S. Main Street, Burlington, North Carolina                     27215
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(Address of Principal Executive Offices)                         (Zip Code)


       Registrant's telephone number, including area code: (336) 227-8861
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                                 Not Applicable
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          (Former Name or Former Address, if Changed Since Last Report)






ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(a)  Not applicable


(b)  Not applicable


(c)  The following exhibit is filed herewith:


     Exhibit 99    Press Release dated April 26, 2004


ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
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     On April  26,  2004,  1st  State  Bancorp,  Inc.  announced  its  unaudited
financial  results for the quarter and six months ended March 31, 2004. For more
information,  reference is made to the  Company's  press release dated April 26,
2004,  a copy of which is attached to this Report as Exhibit 99 and is furnished
herewith.



                                   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.


                                  1st STATE BANCORP, INC.



Date:    April 27, 2004           By: /s/ James C. McGill
                                      -----------------------------------------
                                      James C. McGill
                                      President and Chief Executive Officer