<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>                   9-MOS
<FISCAL-YEAR-END>                             DEC-31-1997
<PERIOD-END>                                  SEP-30-1997
<CASH>                                              3,495
<INT-BEARING-DEPOSITS>                                653
<FED-FUNDS-SOLD>                                    7,070
<TRADING-ASSETS>                                        0
<INVESTMENTS-HELD-FOR-SALE>                        31,902
<INVESTMENTS-CARRYING>                              7,429
<INVESTMENTS-MARKET>                                7,523
<LOANS>                                           133,374
<ALLOWANCE>                                        (1,331)
<TOTAL-ASSETS>                                    190,465
<DEPOSITS>                                        166,745
<SHORT-TERM>                                        1,005
<LIABILITIES-OTHER>                                 1,687
<LONG-TERM>                                           158
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             0
<COMMON>                                            2,734
<OTHER-SE>                                         18,136
<TOTAL-LIABILITIES-AND-EQUITY>                    190,465
<INTEREST-LOAN>                                     9,071
<INTEREST-INVEST>                                   1,913
<INTEREST-OTHER>                                      232
<INTEREST-TOTAL>                                   11,216
<INTEREST-DEPOSIT>                                  5,483
<INTEREST-EXPENSE>                                  5,551
<INTEREST-INCOME-NET>                               5,665
<LOAN-LOSSES>                                         135
<SECURITIES-GAINS>                                      6
<EXPENSE-OTHER>                                     3,852
<INCOME-PRETAX>                                     2,189
<INCOME-PRE-EXTRAORDINARY>                          1,447
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                        1,447
<EPS-PRIMARY>                                        2.86
<EPS-DILUTED>                                        2.86
<YIELD-ACTUAL>                                       4.35
<LOANS-NON>                                            92
<LOANS-PAST>                                          518
<LOANS-TROUBLED>                                        0
<LOANS-PROBLEM>                                         0
<ALLOWANCE-OPEN>                                    1,257
<CHARGE-OFFS>                                         182
<RECOVERIES>                                          121
<ALLOWANCE-CLOSE>                                   1,331
<ALLOWANCE-DOMESTIC>                                1,331
<ALLOWANCE-FOREIGN>                                     0
<ALLOWANCE-UNALLOCATED>                                 0
          


</TABLE>