96
million , or $0.03%
Provision for loan losses 190 288 -34.79%
Interest -earning assets 753,895 676,478 11.76
Note (1) Ratio change measured in bp

Allowance for loan losses:
Beginning balance $ 5,729 $ 5,369 6.B.64%
Interest expense 3,043 2,599 17.78% 14.N.

deal autumn

85 per share.
Rakes said, "We are pleased to maintain solid earnings for the quarter ,
despite higher noninterest expense that is largely attributable to
acquisitions that were completed in the last half of 2004 and early in
2005., which
does business as National Bankshares Investment Services and National
Bankshares Insurance Services.11%
Basic net income per share $ 0.01
Fully diluted net income
per share - - -
Dividends per share - - -
Dividend payout ratio - - -
Book value per share - - -

Balance sheet at period-end:
Loans, net - - -
Total securities - - -
Total deposits - - -
Other borrowings - - -
Stockholders ' equity - - -
Total Assets - - -

Daily averages:
Loans,net $ 477,992 $ 403,213 18.68% -0.00%
Ending balance $ 5,712 $ 5,420 5.70% 4.76
Note (1) Ratio change measured in bp

Allowance for loan losses:
Beginning balance $ 5,729 $ 5,369 6.03%
Charge-offs -253 -285 -11.

agitator pbs

is a financial holding company with headquarters
in Blacksburg, Virginia.17%
Acquisition of C.39%

Nonperforming assets:
Nonaccrual loans - - -
Restructured loans - - -
Total nonperforming loans - - -
Other real estate owned - - -
Total nonperforming assets - - -

Asset quality ratios: Note (2)
Nonperforming loans to total
loans - - -
Allowance for loan losses to
total loans - - -
Allowance for loan losses
to nonperforming loans - - -
Note (2) Ratio change measured in bp

(000's), except ratios
and percent data Year-to-date Year-to-date
Selected Consolidated Data: March 31, 2005 March 31, 2004 Change
-------------- -------------- ------
Interest income $ 11,035 $ 9,797 12.37%

Daily averages:
Loans,net $ 477,992 $ 403,213 18.07%

Financial ratios: Note (1)
Return on average assets 1.10%
Restructured loans - - -
Total nonperforming loans 347 324 7.80%

Asset quality ratios: Note (2)
Nonperforming loans to total
loans 0., when English settlers in Virginia purchased 20
Africans from Dutch traders -- through the arrival of the first 11 slaves in
the northern colonies (in Dutch New Amsterdam), the American Revolution, the
Civil War, the adoption of the 13th Amendment and Reconstruction.

reform brought

This is a 1.11 %
Basic net income per share $ 0.23%
Recoveries 46 48 -4.11% 1672.73
Note (2) Ratio change measured in bp

dubois measured

stock trades on
the Nasdaq Stock Market under the symbol "NKSH".com.84% -26. Lorraine Toussaint ("Any Day Now,"
"Crossing Jordan") narrates. More information about PBS is available at pbs.

reform 1920s

And Subsidiaries

(000's), except ratios Three months Three months
and percent data ending ending
Selected Consolidated Data: March 31, 2005 March 31, 2004 Change
-------------- -------------- ---- --
Interest income $ 11,035 $ 9,797 12.51% 1.71%
Provision for losses 190 288 -34.85 $ 0.11 $1.55%
Total securities 256,117 240,522 6.12% 49.15
Allowance for loan losses
to nonperforming loans 1646.

autumn brought

03%
Noninterest income 1,768 1,739 1.48%
Total deposits 707,254 623,655 13.71% 4.36%
Total nonperforming assets $ 1,062 $ 1 ,794 -40. PBS is the leading provider of educational materials for K-12
teachers, and offers a broad array of educational services for adult learners. PBS is headquartered in Alexandria,
Virginia.

liberalism patrick

37 % higher than
the $708.62%
Total Assets 802,861 710,067 13.77% -
Efficiency ratio - - -
Average equity to average assets 10.23%
Recoveries 46 48 -4.03%
Income taxes -888 -869 2.51% 1.17
Return on average equity 13. 0 - 100.08% -0.

interview recession

At March 31, National Bankshares, Inc.44%
Interest-bearing liabilities 592,287 540,307 9.06
Efficiency ratio 54.

agitator ap

00%
Ending balance $ 5,712 $ 5,420 5. February 1 - February 28, 2006

ALEXANDRIA, Va.

brought following

National Bankshares, Inc.51
Net interest margin 4.11

Balance sheet at period-end:
Loans, net $ 488,735 $ 406,894 20.24%
Total deposits 723,873 619,920 16.B.org),
continue to be parents' and teachers' most trusted learning environments for
children.

alan hour

14 million on March 31, 2004.40%
Other borrowings 204 135 51.79%
Interest-earning assets 753,895 676,478 11 .39%

Nonperforming assets:
Nonaccrual loans $ 347 $ 324 7.

alan 1920s

In late February, Bank of Tazewell County completed the purchase of
two bank offices. Additional information is
available on the company's web site at www.19%
Net income $ 2,993 $ 2,960 1.68% -0.97% 11.07% 0. Morgan Freeman narrates .
PBS' premier kids' TV programming and Web site, PBS KIDS Online (pbskids.

hour summarizing

PRESS RELEASE National Bankshares Inc. Announces First Quarter Earnings

(NASDAQ: NKSH)
today announced first quarter net income of $2.73% -0.

patrick deal

"

National Bankshares, Inc.

(unaudited tables follow)

National Bankshares, Inc.03%
Income taxes -888 -869 2.03%
Charge-offs -253 -285 -11.31% -0.

PBS is a private, nonprofit media enterprise that serves the nation's 348
public noncommercial television stations, reaching nearly 90 million people
each week through on-air and online content.

following depression

84 per share, that was earned in the first quarter of 2004. It has two community bank subsidiaries, The
National Bank, headquartered in Blacksburg, and Bank of Tazewell County,
with its main office in Tazewell, Virginia.78% 14.73% -0.77%
Other borrowings 431 77 459.77% -0.10%
Other real estate owned 715 1,470 -51.

brought transcript

11%
Stockholders' equity 88,109 83,290 5.08%
Net interest income 7,992 7,198 11 .19%
Net income $ 2,993 $ 2,960 1.77%
Total Assets 816,988 708,142 15.org, one of the
leading dot-org Web sites on the Internet.

summarizing documentary

99 million, or basic net
income of $0.64%
Interest expense 3,043 2,599 17.29% -0.03%
Noninterest income 1,768 1,739 1.67%
Noninterest expense 5,689 4,820 18 .01
Allowance for loan losses to
total loans 1.

PBS to Offer Special Programming for Black History Month

From
the arrival of the early African slaves through the Civil War, reconstruction,
Jim Crow, the great depression, the civil rights era and into the 21st
century, the series explores the connections between faith and the development
of African-American cultural values. Bringing diverse viewpoints to
television and the Internet, PBS provides high-quality documentary and
dramatic entertainment, and consistently dominates the most prestigious award
competitions .

summarizing agitator

99 million, 15.84 $0.N.

autumn pbs

07%

Financial ratios: Note (1)
Return on average assets 1.17
Return on average equity 13.71% 4.01
Fully diluted net income
per share - - -
Dividends per share - - -
Dividend payout ratio - - -
Book value per share $ 25.22 $ 24.11%
Total securities 262,204 246,795 6.42
Average equity to average assets 10.16% 1. These new perspectives challenge many long-held notions (such as the
idea that slavery was strictly a southern institution; it was, in fact, a
national institution) and highlight the contradictions of a country that was
founded on the principle of "liberty and justice for all" but embraced
slavery.

THIS FAR BY FAITH: AFRICAN-AMERICAN SPIRITUAL JOURNEYS (Encore)
February 2006 (check local listings)
In six hours of powerful storytelling, THIS FAR BY FAITH examines the
African-American religious experience through the last three centuries.

1920s summarizing

National Bankshares, Inc.48%
Total deposits 707,254 623,655 13.40%
Other borrowings 204 135 51 .74%
Stockholders' equity 88,793 84,754 4.17%
Acquisition of C.

patrick documentary

08%
Net interest income 7,992 7,198 11.67%
Noninterest expense 5,689 4,820 18.55%
Total securities 256 ,117 240,522 6. 0 - 100.03%
Provision for loan losses 190 288 -34.84 $0.71%
Provision for losses 190 288 -34. With such
unprecedented breadth come entirely new perspectives on and facts about
slavery.

documentary dubois

In making the earnings announcement, Chairman, President & CEO James G.85 $ 0.44%
Interest-bearing liabilities 592,287 540,307 9.

ap reform

The company also operates a
non-bank subsidiary, National Bankshares Financial Services, Inc .97% 11.11%
Stockholders' equity 88,109 83,290 5.

historians documentary

11% increase over the $2., the parent company of the National
Bank of Blacksburg, Bank of Tazewell County and National Bankshares
Financial Services, had total assets of $816. With this purchase, the two banks operate a total of 27
offices throughout Southwest Virginia, and we have increased market share
in our primary service area.nationalbankshares.62%
Total Assets 802,861 710,067 13.29% -0.51
Net interest margin 4.