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<SEC-DOCUMENT>0000950134-04-001043.txt : 20040204
<SEC-HEADER>0000950134-04-001043.hdr.sgml : 20040204
<ACCEPTANCE-DATETIME>20040203173720
ACCESSION NUMBER:		0000950134-04-001043
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040130
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040204

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:		04564061

	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>c82487e8vk.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)                January 30, 2004
                                                                ----------------


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


Missouri                               0-23636                    43-1626350
- --------------------------------------------------------------------------------
(State or other Jurisdiction   (Commission File Number)       (I.R.S. Employer
of 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 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

         On January 30, 2004, Exchange National Bancshares, Inc. issued a press
release announcing its 2003 earnings. The full text of the press release is
furnished as an exhibit to this report on Form 8-K.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (c) Exhibits

         Exhibit No.       Description

         Exhibit 99        Exchange National Bancshares, Inc. press release
                           dated January 30, 2004

                                      * * *



                                       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: January 30, 2004
                                              By: /s/ JAMES E. SMITH
                                                 -------------------------------
                                                 James E. Smith
                                                 Chairman and CEO



                                       3
<PAGE>

                                  EXHIBIT INDEX


Exhibit No.                Description
- -----------                -----------

Exhibit 99                 Exchange National Bancshares, Inc. press release
                           dated January 30, 2004.



                                       4


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>c82487exv99.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
              YEAR 2003 ANNUAL EARNINGS OF $2.15 PER DILUTED SHARE


         JEFFERSON CITY, MO, January 30, 2004 - Today, Exchange National
Bancshares, Inc. (NASDAQ: EXJF) reported 2003 diluted earnings of $2.15 per
share compared to $1.90 per share in 2002.

Net income for 2003 of $9,044,000 increased $951,000 when compared to 2002.

In commenting on earnings, James E. Smith, Chairman and CEO said, "Financial
results for the year were strong. Increases over 2002 are attributed in large
part to a higher volume of average earnings assets and continued strong activity
in the residential mortgage department. While maintaining a constant net
interest margin, the volume of average earning assets increased $54,812,000
which resulted in a $1,986,000 increase in net interest income. The majority of
the earning asset growth resulted from commercial and real estate loan growth
and the company's June 2003 purchase of a Springfield, MO branch."

Mr. Smith added, "Gains on the sale of real estate loans increased approximately
$738,000 over last year. These gains were partially offset by a $307,000
increase in impairment over prior year in the carrying value of mortgage loan
servicing rights."

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>
<Caption>
Balance sheet information:                    December 31, 2003      December 31, 2002
<S>                                           <C>                    <C>
  Loans, net of allowance
    for loan losses                             $575,651,786          $479,443,190
  Debt and equity securities                     188,955,832           186,724,362
  Total assets                                   874,967,325           794,417,912
  Deposits                                       665,261,965           591,190,652
  Stockholders' equity                            87,782,744            82,827,120
</Table>

<Table>
<Caption>
                                                Twelve Months         Twelve Months
Statement of income information:            Ending Dec. 31, 2003   Ending Dec. 31, 2002
<S>                                         <C>                    <C>
  Total interest income                         $ 38,922,114          $ 40,463,297
  Total interest expense                          12,798,341            16,325,700
  Net interest income                             26,123,773            24,137,597
  Provision for loan losses                        1,092,000               936,000
  Noninterest income                               6,704,013             6,102,670
  Noninterest expense                             18,536,007            17,831,597
  Income taxes                                     4,155,865             3,379,380
  Net income                                       9,043,914             8,093,290
</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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