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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950137-04-004026.txt : 20040513
<SEC-HEADER>0000950137-04-004026.hdr.sgml : 20040513
<ACCEPTANCE-DATETIME>20040513121144
ACCESSION NUMBER:		0000950137-04-004026
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040506
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040513

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:		04801756

	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>c85512be8vk.txt
<DESCRIPTION>CURRENT REPORT
<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)                     May 6, 2004

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

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

<TABLE>
<S>                                                                   <C>
132 East High Street, Jefferson City, Missouri                           65101
   (Address of principal executive offices)                           (Zip Code)
</TABLE>

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 May 6, 2004, Exchange National Bancshares, Inc. issued a press release
announcing first quarter 2004 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

<TABLE>
<CAPTION>
      Exhibit No.       Description
      -----------       -----------
<S>                     <C>
      Exhibit 99        Exchange National Bancshares, Inc. press release dated
                        May 6, 2004
</TABLE>

                                      * * *


                                       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: May 6, 2004
                                    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 May 6,
                  2004.
</TABLE>


                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c85512bexv99.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
                 1st QUARTER DILUTED EARNINGS OF $0.54 PER SHARE

JEFFERSON CITY, MO, May 6, 2004 - Today, Exchange National Bancshares, Inc.
(NASDAQ: EXJF) reported first quarter diluted earnings of $0.54 per share,
compared to $0.56 per share a year ago. Net income for the three months ended
March 31, 2004 of $2,294,000 decreased $61,000 when compared to the first
quarter of 2003.

In commenting on earnings performance, Chairman and CEO James E. Smith said
"While earnings were slightly less than the comparable quarter last year, we are
encouraged that net interest income increased $658,000 while non-interest
expense only increased $172,000. The decrease in net income resulted from a
decline in non-interest income of $525,000, which is primarily the result of a
decrease of loans sold into the secondary market. For the first quarter of 2004,
loans sold in the secondary market decreased from $30,973,000 to $13,032,000 and
that affected our gains on the sale of mortgage loans. This reflects the overall
decrease in the mortgage lending refinancing industry that is occurring
nationally.

Total assets at March 31, 2004 were $901 million, net loans were $575 million,
and total deposits were $680 million. During the quarter, the Company completed
a


                                       5
<PAGE>
$25 million trust preferred security offering. Proceeds from the offering will
be used to finance expansion into growing metropolitan areas and to provide
capital for internal growth.

Exchange National Bancshares, a multi-bank holding company headquartered in
Jefferson City, Missouri, has total assets of $901 million and trades on the
NASDAQ National Market under the symbol "EXJF". Exchange National Bancshares 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.


                                       6
<PAGE>
FINANCIAL SUMMARY

(UNAUDITED)

<TABLE>
<CAPTION>
Balance sheet information:       March 31, 2004   December 31, 2003
- --------------------------       --------------   -----------------
<S>                              <C>              <C>
  Loans, net of allowance
    for loan losses               $575,247,850       $575,651,786
  Debt and equity securities       217,096,521        188,955,832
  Total assets                     901,201,920        875,595,992
  Deposits                         679,994,948        665,261,965
  Stockholders' equity              89,599,152         87,782,744
</TABLE>

<TABLE>
<CAPTION>
                                         Three Months       Three Months
                                            Ended              Ended
Statement of income information:        March 31, 2004     March 31, 2003
- --------------------------------        --------------     --------------
<S>                                     <C>                <C>
  Total interest income                   $9,761,853         $9,431,647
  Total interest expense                   2,954,393          3,282,475
  Net interest income                      6,807,460          6,149,172
  Provision for loan losses                  235,500            235,500
  Noninterest income                       1,446,655          1,972,003
  Noninterest expense                      4,672,263          4,500,340
  Income taxes                             1,052,553          1,030,098
  Net income                               2,293,799          2,355,237
</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.


                                       7

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