<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>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                           6,138
<INT-BEARING-DEPOSITS>                           3,673
<FED-FUNDS-SOLD>                                12,857
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     29,766
<INVESTMENTS-CARRYING>                           3,502
<INVESTMENTS-MARKET>                             3,618
<LOANS>                                        149,907
<ALLOWANCE>                                     (1,303)
<TOTAL-ASSETS>                                 213,650
<DEPOSITS>                                     186,362
<SHORT-TERM>                                       171
<LIABILITIES-OTHER>                              1,578
<LONG-TERM>                                      2,415
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,734
<OTHER-SE>                                      20,390
<TOTAL-LIABILITIES-AND-EQUITY>                 213,650
<INTEREST-LOAN>                                  3,284
<INTEREST-INVEST>                                  490
<INTEREST-OTHER>                                   174
<INTEREST-TOTAL>                                 3,948
<INTEREST-DEPOSIT>                               1,871
<INTEREST-EXPENSE>                               1,906
<INTEREST-INCOME-NET>                            2,042
<LOAN-LOSSES>                                       60
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  1,378
<INCOME-PRETAX>                                    766
<INCOME-PRE-EXTRAORDINARY>                         766
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       505
<EPS-PRIMARY>                                     1.01
<EPS-DILUTED>                                     1.01
<YIELD-ACTUAL>                                    4.21
<LOANS-NON>                                         35
<LOANS-PAST>                                       542
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,355
<CHARGE-OFFS>                                      143
<RECOVERIES>                                        31
<ALLOWANCE-CLOSE>                                1,303
<ALLOWANCE-DOMESTIC>                             1,303
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        


</TABLE>