<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
    This schedule contains summary financial information extracted from 
Highlands Bankshares, Inc. Form 10QSB and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER>                                   1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 APR-01-1998
<PERIOD-END>                                   JUN-30-1998
<CASH>                                               4,719
<INT-BEARING-DEPOSITS>                                 848
<FED-FUNDS-SOLD>                                     6,860
<TRADING-ASSETS>                                         0
<INVESTMENTS-HELD-FOR-SALE>                         30,970
<INVESTMENTS-CARRYING>                               3,757
<INVESTMENTS-MARKET>                                 3,851
<LOANS>                                            142,871
<ALLOWANCE>                                         (1,358)
<TOTAL-ASSETS>                                     198,434
<DEPOSITS>                                         174,309
<SHORT-TERM>                                            61
<LIABILITIES-OTHER>                                  1,396
<LONG-TERM>                                            682
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                             2,734
<OTHER-SE>                                          19,252
<TOTAL-LIABILITIES-AND-EQUITY>                     198,434
<INTEREST-LOAN>                                      6,417
<INTEREST-INVEST>                                    1,128
<INTEREST-OTHER>                                       212
<INTEREST-TOTAL>                                     7,757
<INTEREST-DEPOSIT>                                   3,804
<INTEREST-EXPENSE>                                   3,816
<INTEREST-INCOME-NET>                                3,941
<LOAN-LOSSES>                                          120
<SECURITIES-GAINS>                                      (3)
<EXPENSE-OTHER>                                      2,656
<INCOME-PRETAX>                                      1,468
<INCOME-PRE-EXTRAORDINARY>                           1,468
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                           962
<EPS-PRIMARY>                                         1.92
<EPS-DILUTED>                                         1.92
<YIELD-ACTUAL>                                        4.34
<LOANS-NON>                                             68
<LOANS-PAST>                                         1,037
<LOANS-TROUBLED>                                         0
<LOANS-PROBLEM>                                          0
<ALLOWANCE-OPEN>                                     1,370
<CHARGE-OFFS>                                          170
<RECOVERIES>                                            38
<ALLOWANCE-CLOSE>                                    1,358
<ALLOWANCE-DOMESTIC>                                 1,358
<ALLOWANCE-FOREIGN>                                      0
<ALLOWANCE-UNALLOCATED>                                  0
        



</TABLE>