-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MaVrhgrpdcRLZpNNXRpEod7vmH1GUVWHBFUNXMFk/PV5Nn2fgrnZGh5rvU8jd88v
 wLuvMMjN3PGhtEq+z+mfEg==

<SEC-DOCUMENT>0000914317-03-002302.txt : 20030805
<SEC-HEADER>0000914317-03-002302.hdr.sgml : 20030805
<ACCEPTANCE-DATETIME>20030805140208
ACCESSION NUMBER:		0000914317-03-002302
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030801
FILED AS OF DATE:		20030805

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOBSON JOE C
		CENTRAL INDEX KEY:			0001223104

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24848
		FILM NUMBER:		03823257

	BUSINESS ADDRESS:	
		STREET 1:		C/O EAST TEXAS FINANCIAL SERVICES INC
		STREET 2:		1200 SOUTH BECKHAM
		CITY:			TYLER
		STATE:			TX
		ZIP:			75711-5910
		BUSINESS PHONE:		9035931767

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EAST TEXAS FINANCIAL SERVICES INC
		CENTRAL INDEX KEY:			0000929646
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				752559089
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1200 S BECKHAM AVE
		CITY:			TYLER
		STATE:			TX
		ZIP:			75701
		BUSINESS PHONE:		9035931767

	MAIL ADDRESS:	
		STREET 1:		1200 SOUTH BECKHAM AVE
		CITY:			TYLER
		STATE:			TX
		ZIP:			75701
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-53583_jhobsonex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-08-01</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000929646</issuerCik>
        <issuerName>EAST TEXAS FINANCIAL SERVICES INC</issuerName>
        <issuerTradingSymbol>ETFS.OB</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001223104</rptOwnerCik>
            <rptOwnerName>HOBSON JOE C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O EAST TEXAS FINANCIAL SERVICES INC</rptOwnerStreet1>
            <rptOwnerStreet2>1200 SOUTH BECKHAM</rptOwnerStreet2>
            <rptOwnerCity>TYLER</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75711-5910</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>1</isOther>
         <officerTitle>SR VP OF LENDING FOR ISSUER'S</officerTitle>
         <otherText>WHOLLY OWNED SUBSIDIARY</otherText>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <transactionDate>
         <value>2003-08-01</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>336</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>13.10</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <transactionDate>
         <value>1988-08-08</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>0</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>111</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By Children</value>
            <footnoteId id="F1"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>COMMON STOCK</value>
      </securityTitle>
      <transactionDate>
         <value>1988-08-08</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>0</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>11863.7209</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By ESOP</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>OPTION TO PURCHASE STOCK</value>
            <footnoteId id="F2"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>9.42</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>1988-08-08</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>0</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>1988-08-08</value>
      </exerciseDate>
      <expirationDate>
         <value>2005-07-26</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>18228</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>18228</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Under UGMA, Reporting person's mother as custodian.</footnote>

      <footnote id="F2"> Grant reporting person to buy shares of common stock under Issuer's 1995 Stock Opt. &amp; Incentive Plan. Option became exercisable in 20% increments on July 26, 1996, 1997, 1998, 1999, 2000..</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Joe Hobson</signatureName>
      <signatureDate>2003-08-01</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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