EXHIBIT 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement No. 333-135402 on Form S-8 and Registration Statement No. 333-158376 on Form S-3 of our reports dated April 15, 2010, relating to the consolidated financial statements of First Federal Bancshares of Arkansas, Inc., and the effectiveness of First Federal Bancshares of Arkansas, Inc.’s internal control over financial reporting, appearing in this Annual Report on Form 10-K of First Federal Bancshares of Arkansas, Inc. for the year ended December 31, 2009.

/s/ Deloitte & Touche LLP

Little Rock, AR

April 15, 2010