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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950137-06-002265.txt : 20060227
<SEC-HEADER>0000950137-06-002265.hdr.sgml : 20060227
<ACCEPTANCE-DATETIME>20060227141920
ACCESSION NUMBER:		0000950137-06-002265
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060224
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060227
DATE AS OF CHANGE:		20060227

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:		06646021

	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>c02872e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>
                                  UNITED STATES
                       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)               February 24, 2006

                       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 of   (Commission File Number)     (I.R.S. Employer
         incorporation)                                      Identification No.)
</TABLE>

<TABLE>
<C>                                                               <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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

SECTION 8.01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS.

     On February 24, 2006, Exchange National Bancshares, Inc. issued a press
release announcing 2005 earnings. The full text of the press release is
furnished as an exhibit to this report on Form 8-K.

SECTION 9.01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

     (d)  Exhibits

<TABLE>
<CAPTION>
Exhibit No.   Description
- -----------   -----------
<S>           <C>
Exhibit 99    Exchange National Bancshares, Inc. press release dated
              February 24, 2006
</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: February 24, 2006


                                        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
              February 24, 2006.
</TABLE>


                                        4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c02872exv99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                      Exhibit 99

EXCHANGE NATIONAL BANCSHARES ANNOUNCES YEAR 2005 ANNUAL EARNINGS OF $2.36 PER
DILUTED SHARE

Jefferson City, MO
February 24, 2006

Exchange National Bancshares, Inc. of Jefferson City, MO (NASDAQ: EXJF)
announced today for the year ended December 31, 2005, Exchange National
Bancshares, Inc. earned $2.36 per diluted share, up 19.2% from diluted earnings
of $1.98 per share a year earlier. Net income for the year ended December 31,
2005 of $9,915,000 increased $1,610,000 when compared to the year ended 2004.

In commenting on earnings, James E. Smith, Chairman and CEO said, "We had a
strong year in 2005. On May 2, 2005, we completed the purchase of Bank 10 of
Belton, MO and that purchase enhanced our already strong balance sheet position
by providing $157 million in additional earning assets. Due to an increase in
our net interest margin and in the volume of earning assets, net interest income
increased $5,963,000 compared to the same period in 2004. The net interest
margin increased from 3.43% for 2004 to 3.50% for 2005." Mr. Smith added,
"Increases in net interest income were accompanied by additional increases in
noninterest income of $1,533,000, of which the majority of the increase is
attributed to the acquisition of Bank 10. The income growth was partially offset
by a $4,985,000 increase in noninterest expense, a $380,000 increase in the 2005
loan loss provision expense and a $520,000 increase in income tax expense."

For the year, return on average equity was 10.47% and the return on average
assets was 0.91% compared to 9.16% and 0.93%, respectively for 2004.

Comparing December 31, 2005 balances to December 31, 2004, total assets
increased 21.9% to $1,126,334,000. Loans net of allowance for loan losses grew
27.9% to $804,450,000, while investment securities increased 4.6% to
$179,692,000. Total deposits increased 21.3% to $881,455,000. Subordinated notes
increased 92.0% to $49,486,000. Proceeds from the increased debt were used to
finance the Bank 10 acquisition. During the same period, stockholders' equity
increased 5.4% to $96,733,000 or 8.6% of total assets.


                                        5

<PAGE>

FINANCIAL SUMMARY

(unaudited)

<TABLE>
<CAPTION>
                             December 31, 2005   December 31, 2004
                             -----------------   -----------------
<S>                          <C>                 <C>
Balance sheet information:
   Loans, net of allowance
      for loan losses          $  804,450,102       $629,141,036
   Debt and equity
      securities                  179,691,826        171,717,635
   Total assets                 1,126,333,577        923,874,270
   Deposits                       881,455,206        726,649,476
   Stockholders' equity            96,732,865         91,770,783
</TABLE>

<TABLE>
<CAPTION>
                                     Year Ended      Year Ended
                                   Dec. 31, 2005   Dec. 31, 2004
                                   -------------   -------------
<S>                                <C>             <C>
Statement of income information:
   Total interest income            $57,340,034     $41,090,596
   Total interest expense            23,673,590      13,386,911
   Net interest income               33,666,444      27,703,685
   Provision for loan
      losses                          1,321,612         942,000
   Noninterest income                 7,265,296       5,732,557
   Noninterest expense               25,368,150      20,382,706
   Income taxes                       4,326,700       3,806,556
   Net income                         9,915,278       8,304,980
</TABLE>

ABOUT EXCHANGE NATIONAL BANCSHARES

Exchange National Bancshares, Inc., 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 Springfield, Lee's Summit,
Branson, Windsor, Collins and Osceola; Bank 10 with locations in Belton, Drexel,
Harrisonville, Independence and Raymore; and Osage Valley Bank of Warsaw.

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.

Contact: Kathleen Bruegenhemke
         Senior Vice President, Investor Relations
         TEL: 573.761.6100 FAX: 573.761.6272
         www.exchangebancshares.com


                                        6
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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