8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)): April 30, 2010


National Bancshares Corporation
(Exact name of registrant specified in its charter)
Ohio
(State or other jurisdiction of incorporation)

0-14773
(Commission File Number)

34-1518564
IRS Employer Identification No.)

112 West Market Street, Orrville, Ohio
(Address of principal executive offices)

44667
(Zip Code)

(330) 682-1010
Registrants telephone number, including area code






[not applicable]

(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)

Item 2.02 Results of Operations and Financial Condition

PRESS RELEASE: On April 30, 2010, National Bancshares Corporation issued
a press release containing financial information and accompanying discussion
for the quarter ended March 31, 2010.  A copy of the press release is
attached to the Current Report as Exhibit 99.1 and is incorporated into
this report by reference.

The information in this Form 8-K and in Exhibit 99.1 attached hereto shall
not be deemed filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the Exchange Act) or otherwise subject to the
liability of that Section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference in such
a filing.


ITEM 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 National Bancshares Corporation press release dated
April 30, 2010 containing financial information and accompanying
discussion for the quarter ended March 31, 2010.



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.

National Bancshares Corporation


Date:  April 30, 2010

/s/ David C. Vernon
David C. Vernon
President and Chief Executive Officer




/s/ James R. VanSickle
James R. VanSickle
Senior Vice President and
Chief Financial Officer

EX-1

Exhibit 99.1

PRESS RELEASE

Company:	National Bancshares Corporation
		OTC Bulletin Board - NBOH
Contact: 	David C. Vernon, President and CEO
Address:	112 West Market Street
		Orrville, Ohio  44667
Phone:		330.682.1010
Fax:		330.682.4644

For Immediate Release: April 30, 2010

National Bancshares Corporation Announces First Quarter Earnings

Orrville, Ohio ~ National Bancshares Corporation, the holding company for
First National Bank, reported net income of $293,000 for the quarter ended
March 31, 2010, a decrease from $573,000 for the same period in 2009.
Earnings per share were $0.13 and $0.26 for March 31, 2010 and 2009,
respectively.

First Quarter 2010 Business Highlights:

~ The provision for loan losses increased $384,000 to $507,000 from $123,000
in the same period in 2009.

~ Cash and cash equivalents increased $20.8 million to $28.8 million from
$8.1 million as of December 31, 2009

~ Net interest income for the quarter totaled $3,112,000, an increase of
4.0% compared to $2,993,000 for the same period in 2009.

~ Mortgage banking income increased $31,000 or 155.0% to $51,000 for the
quarter ended March 31, 2010 from $20,000 for the same period in 2009.

~ Total deposits increased $14.6 million or 5.0% from $291.4 million as of
December 31, 2009 to $306.0 million as of March 31, 2010.

First Quarter 2010 Financial Summary:

Net interest income for the quarter ended March 31, 2010 was $3,112,000, an
increase of 4.0% from $2,993,000 for the same period in 2009. The increase
was achieved even though lower yielding cash and cash equivalents increased
by $20.8 million in the first quarter. Net interest income was impacted by
the growth in average loans and deposits, a decrease in the yield on
earning assets in part caused by the increase in cash and cash equivalents
and a decrease in the cost of funds.

Earnings for the quarter ended March 31, 2010 were negatively impacted by
the $507,000 provision for loan losses, an increase of $384,000 compared
to the same period in 2009. The increase in the provision was primarily
related to the specific loss allocation, attributable to 2010 loan
deterioration, on three classified loans. The three loans represent
$2.8 million of the total classified loans.

Noninterest income for the quarter ended March 31, 2010 decreased to
$625,000 or 3.1%, from $645,000 for the same period in 2009. The change
is primarily related to the decrease in net gains recorded on the sale
of securities from $152,000 in 2009 to $76,000 in 2010.

Noninterest expense for the quarter ended March 31, 2010 was $2,929,000,
an increase of 7.1% from $2,735,000 for the same period in 2009. The
change in noninterest expense was due primarily to an increase in salaries
and benefit expense, data processing expense and occupancy expense.

March 31, 2010 Financial Condition:

Total assets increased 3.0% to $381.3 million as of March 31, 2010, from
$370.2 million at December 31, 2009. Securities available for sale totaled
$123.5 million as of March 31, 2010, compared to $130.2 million at
December 31, 2009. Loans, net of allowance for loan losses decreased
$2.6 million to $191.5 million as of March 31, 2010, compared to
$194.1 million at December 31, 2009. Deposits increased 5.0% to
 $306.0 million as of March 31, 2010, compared to $291.4 million at
December 31, 2009.  Shareholders` equity increased 2.1% to $39.7 million
at March 31, 2010, from $38.9 million at the end of 2009. Accumulated
other comprehensive income, which is the unrealized gain on securities
classified as available for sale, net of tax, increased to $3.1 million
as of March 31, 2010, compared to $2.5 million as of December 31, 2009.

The allowance for loan losses increased from $2,906,000 as of
December 31, 2009 to $3,394,000 at March 31, 2010, or from 1.48% of total
loans at year-end 2009 to 1.74% at March 31, 2010. The provision for loan
losses for March 31, 2010 was $507,000, compared to $123,000 for the same
period in 2009. Total nonperforming loans increased from $5.2 million as
of December 31, 2009 to $6.4 million at March 31, 2010.  Non-performing
loans consist of loans placed on non-accrual status and loans past due over
90 days and still accruing interest. Loans past due greater than 30 days,
increased from $1.7 million as of December 31, 2009 to $1.9 million as of
March 31, 2010. Adversely classified loans, including special mention,
doubtful and substandard, decreased from $14.6 million to $14.5 million
in the first quarter of 2010. The increase in the allowance for loan losses
and the increase in non performing loans is directly attributable to the
economic downturn which has negatively impacted the financial position and
ability to service debt of some of the Bank`s borrowers. Management
believes the allowance for loan losses is adequate as of March 31, 2010.

National Bancshares Corporation`s subsidiary, First National Bank, is
headquartered in Orrville, Ohio with fourteen full service offices located
in Orrville, Massillon, Wooster, Fairlawn, Apple Creek, Dalton, Kidron,
Lodi, Mt. Eaton, Seville and Smithville and a loan production office in
Salem, OH.

Forward-Looking Statements ~ This press release contains forward-looking
statements as referenced in the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are subject to many risks and
uncertainties. Actual results could differ materially from those indicated
by the forward-looking statements. These include factors such as changes
in the regulatory environment, changes in business conditions and inflation,
risks associated with credit quality and other factors discussed in the
Company`s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended
December 31, 2009. The Company assumes no obligation to update any
forward-looking statement.

EX-1

Selected Consolidated Financial Data
Balance Sheet Data:

(dollars in thousands)		 Mar 31,  Dec 31,  Sep 30,   Jun 30,    Mar 31,
				 2010	  2009	   2009	     2009       2009
				 	  	   	     	
Cash and cash equivalents	 $28,832  $ 8,124  $15,732   $19,819    $11,340
Securities available for sale	 123,539  130,241  135,222   131,329    127,718
Loans, net			 191,483  194,071  183,464   178,036    179,515
Deposits			 306,006  291,373  279,475   278,833    265,060
Repurchase agreements		   6,893    6,105    6,782     6,799 	  8,122
Federal Home Loan Bank advances	  25,000   27,000   27,000    24,000	 25,000
Shareholders' equity	          39,666   38,903   39,395    37,861	 37,766
Total assets	                 381,325  370,228  356,773   351,226    339,530




Income Statement Data:				 Three Months Ended
(dollars in thousands, except per		Mar 31,	      Mar 31,
  share data)					2010	      2009	 Change


                                                                
Interest income					$ 3,958	      $ 4,208     (5.9)%
Interest expense				    846	        1,215    (30.4)%
Net interest income				  3,112         2,993      4.0 %
Provision for loan losses		 	    507      	  123    312.2 %
Net interest income after provision for
  loan losses					  2,605         2,870     (9.2)%
Noninterest income				    625           645     (3.1)%
Noninterest expense:
Salaries and employee benefits	                  1,378	        1,334      3.3 %
Data processing					    241		  216	  11.6 %
Net occupancy					    294		  265	  10.9 %
Professional and consulting fees		    108		  110	  (1.8)%
FDIC assessment					    121		  117	   3.4 %
Other						    787		  693	  13.6 %
Total noninterest expense			  2,929	        2,735	   7.1 %
Income before income taxes		            301	          780    (61.4)%
Income taxes		                              8 	  207    (96.1)%
Net income					   $293	         $573    (48.9)%
Earnings per share, basic and diluted		  $0.13	        $0.26    (50.0)%
Weighted average shares outstanding	      2,205,973	    2,202,368




Quarterly Earnings Summary
Previous Eight Quarters:

(dollars in thousands, except per
  share data)
					Mar 	  Dec 	     Sep	Jun
					2010	  2009	     2009       2009
                                 	                       
Interest income	 	            	$3,958	  $4,082     $4,026     $4,149
Interest expense		           846	     932        954      1,136
Net interest income			 3,112     3,150      3,072      3,013
Provision for loan losses		   507       902        576        228
Net interest income after provision for
  loan losses		             	 2,605 	   2,248      2,496      2,785
Noninterest income		           625       976        595        756
Noninterest expense		         2,929     2,878      2,806      2,945
Income before income taxes		   301	     346	285        596
Income taxes		                     8	      31         18        142
Net income		                  $293      $315       $267       $454
Earnings per share, basic and diluted    $0.13     $0.14      $0.12      $0.21
Cash dividends per share		 $0.08     $0.08      $0.08      $0.08
Weighted average shares outstanding  2,205,973 2,202,721  2,202,368  2,202,368



					Mar	    Dec	       Sep	 Jun
	                       		2009	    2008       2008      2008
                                                             
Interest income		                $4,208      $4,311     $4,294    $4,196
Interest expense		         1,215       1,375      1,451     1,433
Net interest income		         2,993       2,936      2,843     2,763
Provision for loan losses		   123 	        98 	  126 	     71
Net interest income after provision for
  loan losses		                 2,870       2,838      2,717     2,692
Noninterest income		           645	       609	  615	    517
Noninterest expense		         2,735       2,606      2,554     2,524
Income before income taxes		   780	       841	  778	    685
Income taxes		                   207         226        204	    171
Net income		                  $573        $615       $574      $514
Earnings per share, basic and diluted    $0.26       $0.28      $0.26     $0.23
Cash dividends per share	         $0.08       $0.16      $0.16     $0.16
Weighted average shares outstanding  2,202,368   2,202,368  2,202,368 2,202,368