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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001035704-03-000761.txt : 20031103
<SEC-HEADER>0001035704-03-000761.hdr.sgml : 20031103
<ACCEPTANCE-DATETIME>20031103124133
ACCESSION NUMBER:		0001035704-03-000761
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031031
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXCHANGE NATIONAL BANCSHARES INC
		CENTRAL INDEX KEY:			0000893847
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				431626350
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23636
		FILM NUMBER:		03972228

	BUSINESS ADDRESS:	
		STREET 1:		132 EAST HIGH STREET
		CITY:			JEFFERSON CITY
		STATE:			MO
		ZIP:			65101
		BUSINESS PHONE:		(573)761-6100

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 688
		CITY:			JEFFERSON CITY
		STATE:			MO
		ZIP:			65102
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c80540e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>




                       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)                October 31, 2003


                       EXCHANGE NATIONAL BANCSHARES, INC.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

Missouri                                   0-23636                 43-1626350
- --------------------------------------------------------------------------------
(State or other Jurisdiction of    (Commission File Number)     (I.R.S. Employer
Identification No.)                                               Incorporation)



132 East High Street, Jefferson City, Missouri                         65101
- --------------------------------------------------------------------------------
   (Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code    (573) 761-6100



- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


<PAGE>


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (c) Exhibits

         Exhibit No.        Description

         Exhibit 99         Exchange National Bancshares, Inc. press release
                            dated October 31, 2003.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On October 31, 2003, Exchange National Bancshares, Inc. issued a press
release containing unaudited financial information and accompanying discussion
for the third quarter ended September 30, 2003. The full text of the press
release is furnished as an exhibit to this report on Form 8-K.

         The information contained in this Item 12 and the exhibit attached
hereto shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing


                                 *      *      *



                                       2
<PAGE>


                                   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.

                                         EXCHANGE NATIONAL BANCSHARES, INC.


Date: October 31, 2003
                                         By: /s/ James E. Smith
                                             ---------------------------
                                             James E. Smith
                                             Chairman and CEO






                                       3
<PAGE>


                                  EXHIBIT INDEX



<Table>
<Caption>
Exhibit No.             Description
- -----------             -----------
<S>                     <C>

Exhibit 99              Exchange National Bancshares, Inc. press release
                        dated October 31, 2003.
</Table>




                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>c80540exv99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


                                                                      Exhibit 99



For Immediate Release                  Contact:  Kathleen Bruegenhemke
                                       Senior Vice President, Investor Relations
                                       TEL: 573.761.6100   FAX: 573.761.6272


                       EXCHANGE NATIONAL BANCSHARES, INC.
                     OF JEFFERSON CITY, MISSOURI, ANNOUNCES
                 3rd QUARTER EARNINGS OF $0.60 PER DILUTED SHARE


JEFFERSON CITY, MO, October 31, 2003 - Today, Exchange National Bancshares, Inc.
(NASDAQ: EXJF) reported third quarter earnings of $0.60 per diluted share, up
25% from diluted earnings per share of $0.48 a year ago.

Net income for the 3 months ending September 30, 2003 of $2,544,000 increased
$517,000 when compared to the third quarter of 2002.

For the nine months ending September 30, 2003, Exchange National Bancshares
earned $1.65 per diluted share, up 18% from diluted earnings per share of $1.40
a year earlier. Net income for the nine months ending September 30, 2003 of
$6,942,000 increased $988,000 when compared to the first nine months of 2002.

In commenting on earnings, James E. Smith, Chairman and CEO said, "Financial
results for the year continue to be strong. Increases over last year are
attributed in large part to a higher volume of net earnings assets, continued
strong activity in the residential mortgage department and collection of
non-recurring trust fees. Despite a lower interest yield, the volume of net
earning assets has increased approximately $11 million. Additionally, for the
nine months ending September 30, 2003, gains on the sale of real estate loans
increased approximately $1.4 million over last year. These gains were partially
offset by a $357,000 net increase in impairment over prior year in the carrying
value of mortgage loan servicing rights. The carrying value of the mortgage loan
servicing rights was impaired as a result of accelerated residential mortgage
loan prepayments and was calculated as part of our quarterly valuation process."

Exchange National Bancshares, a multi-bank holding company headquartered in
Jefferson City, Missouri, is the parent company of The Exchange National Bank of
Jefferson City with locations in California, Tipton and St. Robert; Citizens
Union State Bank & Trust of Clinton with locations in Windsor, Collins, Osceola
and Springfield; and Osage Valley Bank of Warsaw.



<PAGE>


FINANCIAL SUMMARY

(UNAUDITED)

<Table>
<S>                                              <C>                       <C>
Balance sheet information:                          September 30, 2003        December 31, 2002
          Loans, net of allowance
              for loan losses                             $565,823,153             $479,443,190
          Debt and equity securities                       191,768,631              186,724,362
          Total assets                                     861,390,886              794,417,912
          Deposits                                         658,907,149              591,190,652
          Stockholders' equity                              87,167,694               82,827,120

                                                       Three Months              Three Months
Statement of income information:                  Ended Sept. 30, 2003     Ended Sept. 30, 2002
          Total interest income                             $9,997,501              $10,125,523
          Total interest expense                             3,172,415                4,078,854
          Net interest income                                6,825,086                6,046,669
          Provision for loan losses                            310,500                  234,000
          Noninterest income                                 1,901,897                1,490,006
          Noninterest expense                                4,589,992                4,420,025
          Income taxes                                       1,282,165                  855,375
          Net income                                         2,544,326                2,027,275

                                                        Nine Months             Nine Months
Statement of income information:                  Ended Sept. 30, 2003     Ended Sept. 30, 2002
          Total interest income                            $28,981,676              $30,632,484
          Total interest expense                             9,707,926               12,641,413
          Net interest income                               19,273,750               17,991,071
          Provision for loan losses                            781,500                  702,000
          Noninterest income                                 5,339,075                4,149,142
          Noninterest expense                               13,674,526               13,041,045
          Income taxes                                       3,214,616                2,443,443
          Net income                                         6,942,183                5,953,725
</Table>


Statements made in this press release that suggest Exchange National Bancshares'
or management's intentions, hopes, beliefs, expectations, or predictions of the
future include "forward-looking statements" within the meaning of Section 21E of
the Securities and Exchange Act of 1934, as amended. It is important to note
that actual results could differ materially from those projected in such
forward-looking statements. Additional information concerning factors that could
cause actual results to differ materially from those projected in such
forward-looking statements is contained from time to time in the company's
quarterly and annual reports filed with the Securities and Exchange Commission.




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