LETTER 1 filename1.txt January 3, 2006 Mail Stop 4561 By U.S. Mail and facsimile to (573) 761-6272 Mr. James E. Smith Chief Executive Officer Exchange National Bancshares, Inc. 132 East High Street Jefferson City, MO 65101 Re: Exchange National Bancshares, Inc Form 10-K for Fiscal Year Ended December 31, 2004 File No. 000-23636 Dear Mr. Smith: We have completed our targeted review of your Form 10-K and related filings and have no further comments at this time. Sincerely, Don Walker Senior Assistant Chief Accountant