<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL EXTRACTED FROM THE AUDITED FINANCIAL
STATEMENTS FOR INDEPENDENT BANKSHARES, INC. AS OF AND FOR THE YEAR ENDED
DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000318870
<NAME> INDEPENDENT BANKSHARES, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                            DEC-31-1998
<PERIOD-START>                               JAN-01-1998
<PERIOD-END>                                 DEC-31-1998
<CASH>                                      22,562,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            42,175,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 30,370,000
<INVESTMENTS-CARRYING>                      95,208,000<F1>
<INVESTMENTS-MARKET>                        95,276,000<F1>
<LOANS>                                    184,560,000
<ALLOWANCE>                                  1,842,000    
<TOTAL-ASSETS>                             370,178,000
<DEPOSITS>                                 330,804,000
<SHORT-TERM>                                     1,000
<LIABILITIES-OTHER>                          1,868,000
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     51,000
<COMMON>                                       554,000
<OTHER-SE>                                  23,900,000
<TOTAL-LIABILITIES-AND-EQUITY>             370,178,000
<INTEREST-LOAN>                             14,150,000
<INTEREST-INVEST>                            4,425,000
<INTEREST-OTHER>                             1,859,000
<INTEREST-TOTAL>                            20,434,000
<INTEREST-DEPOSIT>                           9,268,000
<INTEREST-EXPENSE>                           9,276,000
<INTEREST-INCOME-NET>                       11,158,000
<LOAN-LOSSES>                                  570,000      
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              9,998,000
<INCOME-PRETAX>                              3,381,000
<INCOME-PRE-EXTRAORDINARY>                   3,381,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,188,000
<EPS-PRIMARY>                                     1.07
<EPS-DILUTED>                                     1.02
<YIELD-ACTUAL>                                    4.30
<LOANS-NON>                                    238,000
<LOANS-PAST>                                   198,000
<LOANS-TROUBLED>                               110,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,173,000
<CHARGE-OFFS>                                  729,000
<RECOVERIES>                                   102,000
<ALLOWANCE-CLOSE>                            1,842,000<F3>
<ALLOWANCE-DOMESTIC>                         1,842,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        986,000
<FN>
<F1> Includes investments held for sale.
<F2> Net of unearned incomeon installment loans of $1,766,000.
<F3> Includes unallocated portion of the allowance


        

</TABLE>