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<SEC-DOCUMENT>0000950137-06-005259.txt : 20060502
<SEC-HEADER>0000950137-06-005259.hdr.sgml : 20060502
<ACCEPTANCE-DATETIME>20060502162309
ACCESSION NUMBER:		0000950137-06-005259
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060501
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060502
DATE AS OF CHANGE:		20060502

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:		06799855

	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>c04875e8vk.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)                     May 1, 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>
<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)

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 May 1, 2006, Exchange National Bancshares, Inc. issued a press release
announcing 1st quarter 2006 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 May 1, 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: May 1, 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 May 1, 2006.
</TABLE>


                                        4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c04875exv99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

                                                                      Exhibit 99

EXCHANGE NATIONAL BANCSHARES ANNOUNCES 1ST QUARTER EARNINGS OF $0.64 PER DILUTED
SHARE

Jefferson City, MO
May 1, 2006

Exchange National Bancshares of Jefferson City, MO (NASDAQ: EXJF), a financial
services company, announced today first quarter earnings of $0.64 per diluted
share, up 21% from diluted earnings per share of $0.53 a year ago.

Net income for the 3 months ended March 30, 2006 of $2,689,000 increased
$451,000 when compared to the first quarter of 2005.

Exchange completed its acquisition of Bank 10 of Belton on May 2, 2005 and Bank
10 results of operations for this acquisition have been included in Exchange's
consolidated net income since that date.

In commenting on earnings performance, Chairman & CEO James E. Smith said "We
continue to be pleased with our financial performance. First quarter earnings
growth compared to the same period last year results from an increase in average
interest-earnings assets as well as an increase in our net interest margin.
Average interest earning assets increased 17% from the first quarter of 2005.
Additionally, our net interest margin increased to 3.83% compared to 3.34% for
the same period of 2005."

For the quarter, annualized return on average equity was 11.14% and the
annualized return on average assets was 0.95% compared to 9.79% and 0.95%,
respectively for 2005.

Comparing March 31, 2006 balances to December 31, 2005, total assets increased
3.0% to $1,160,064,000. Loans, net of allowance for loan losses, grew 1.6% to
$817,309,000, while investment securities increased 11.6% to $200,595,000. Total
deposits decreased 0.5% to $877,466,000. During the same period, stockholders'
equity increased 1.6% to $98,312,000 or 8.5% of total assets.

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.


                                        5

<PAGE>


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


                                        6

<PAGE>

                                FINANCIAL SUMMARY

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                March 31, 2006   December 31, 2005
                                --------------   -----------------
<S>                             <C>              <C>
Balance sheet information:
   Loans, net of allowance
      for loan losses           $  817,308,568     $  804,450,102
   Debt and equity securities      200,595,384        179,691,826
   Total assets                  1,160,064,275      1,126,470,476
   Deposits                        877,465,872        881,455,206
   Stockholders' equity             98,312,311         96,732,865
</TABLE>

<TABLE>
<CAPTION>
                                       Three Months           Three Months
                                   Ended March 31, 2006   Ended March 31, 2005
                                   --------------------   --------------------
<S>                                <C>                    <C>
Statement of income information:
Total interest income                   $16,792,866            $11,527,378
Total interest expense                    7,334,320              4,440,267
Net interest income                       9,458,546              7,087,111
Provision for loan losses                   317,500                235,500
Noninterest income                        2,025,911              1,331,344
Noninterest expense                       7,311,592              4,975,258
Income taxes                              1,166,758                970,083
Net income                                2,688,607              2,237,614
Earnings Per Share:
   Basic:                               $      0.64            $      0.54
   Diluted:                             $      0.64            $      0.53
</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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