NORTH ARKANSAS BANCSHARES INC
10KSB, EX-21, 2000-09-28
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT


Parent
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North Arkansas Bancshares, Inc.

<TABLE>
<CAPTION>

                                                       State or Other                       Percentage
Subsidiaries (1)                                Jurisdiction of Incorporation                Ownership
----------------                                -----------------------------                ---------


<S>                                                     <C>                                    <C>
Newport Federal Savings Bank                            United States                            100%

<FN>
________________
(1)      The assets, liabilities and operations of the subsidiaries are included
         in the  consolidated  financial  statements  contained in the financial
         statements attached hereto as an exhibit.
</FN>
</TABLE>


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