AMERICAN NATIONAL BANKSHARES INC
10-Q/A, 1995-05-15
NATIONAL COMMERCIAL BANKS
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                 SECURITIES AND EXCHANGE COMMISSION

                        WASHINGTON, DC  20549


                             FORM 10-Q-A

[ X ]     AMENDED QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT of 1934

          For the quarterly period ended      March 31, 1995     

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
          OF THE SECURITIES EXCHANGE ACT OF 1934

          For the transition period from            to           

Commission file number       0-12820                             

                   AMERICAN NATIONAL BANKSHARES INC.             
         (Exact name of registrant as specified in its charter)


            VIRGINIA                               54-1284688   
  (State or other jurisdiction of             (I.R.S. Employer
  incorporation or organization)             Identification No.)


                         628 Main Street                         
                       Danville, Virginia             24541      
  (Address of principal executive offices)          (Zip Code)


                          (804) 792-5111                         
           (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.  Yes  X   No      .

The number of shares outstanding of the issuer's common stock as of
May 10, 1995 was 2,400,000.



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<ARTICLE> 9
<MULTIPLIER> 1000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1995
<PERIOD-START>                             JAN-01-1995             JAN-01-1995
<PERIOD-END>                               MAR-31-1995             MAR-31-1995
<CASH>                                            9236                    9236
<INT-BEARING-DEPOSITS>                              83                      83
<FED-FUNDS-SOLD>                                     0                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                       2807                    2807
<INVESTMENTS-CARRYING>                           74276                   74276
<INVESTMENTS-MARKET>                             73579                   73579
<LOANS>                                         163036                  163036
<ALLOWANCE>                                       2415                    2415
<TOTAL-ASSETS>                                  250552                  250552
<DEPOSITS>                                      209776                  209776
<SHORT-TERM>                                         0                       0
<LIABILITIES-OTHER>                               8917                    8917
<LONG-TERM>                                          0                       0
<COMMON>                                          2400                    2400
                                0                       0
                                          0                       0
<OTHER-SE>                                       29459                   29459
<TOTAL-LIABILITIES-AND-EQUITY>                  250552                  250552
<INTEREST-LOAN>                                   3432                    3432
<INTEREST-INVEST>                                  997                     997
<INTEREST-OTHER>                                    15                      15
<INTEREST-TOTAL>                                  4444                    4444
<INTEREST-DEPOSIT>                                1723                    1723
<INTEREST-EXPENSE>                                1786                    1786
<INTEREST-INCOME-NET>                             2658                    2658
<LOAN-LOSSES>                                       93                      93
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                   1566                    1566
<INCOME-PRETAX>                                   1478                    1478
<INCOME-PRE-EXTRAORDINARY>                        1478                    1478
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                      1009                    1009
<EPS-PRIMARY>                                      .42                       0
<EPS-DILUTED>                                      .42                       0
<YIELD-ACTUAL>                                    4.52                       0
<LOANS-NON>                                        141                     141
<LOANS-PAST>                                        51                      51
<LOANS-TROUBLED>                                   105                     105
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                  2353                    2353
<CHARGE-OFFS>                                       45                      45
<RECOVERIES>                                        14                      14
<ALLOWANCE-CLOSE>                                 2415                    2415
<ALLOWANCE-DOMESTIC>                              2415                    2415
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0
        

</TABLE>


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