<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR INDEPENDENT BANKSHARES, INC. FOR
THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                      20,423,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            35,475,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 27,566,000
<INVESTMENTS-CARRYING>                      98,316,000
<INVESTMENTS-MARKET>                        98,552,000
<LOANS>                                    188,284,000<F1>
<ALLOWANCE>                                  1,885,000
<TOTAL-ASSETS>                             368,032,000
<DEPOSITS>                                 328,894,000
<SHORT-TERM>                                     3,000
<LIABILITIES-OTHER>                          2,155,000
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     51,000
<COMMON>                                       554,000
<OTHER-SE>                                  23,375,000
<TOTAL-LIABILITIES-AND-EQUITY>             368,032,000
<INTEREST-LOAN>                              9,725,000
<INTEREST-INVEST>                            3,029,000
<INTEREST-OTHER>                             1,343,000
<INTEREST-TOTAL>                            14,097,000
<INTEREST-DEPOSIT>                           6,476,000
<INTEREST-EXPENSE>                           6,484,000
<INTEREST-INCOME-NET>                        7,613,000
<LOAN-LOSSES>                                  435,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              6,709,000
<INCOME-PRETAX>                              2,427,000
<INCOME-PRE-EXTRAORDINARY>                   2,427,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,542,000
<EPS-PRIMARY>                                      .77
<EPS-DILUTED>                                      .74
<YIELD-ACTUAL>                                    4.24
<LOANS-NON>                                    247,000
<LOANS-PAST>                                   236,000
<LOANS-TROUBLED>                               114,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,173,000
<CHARGE-OFFS>                                  542,000
<RECOVERIES>                                    93,000
<ALLOWANCE-CLOSE>                            1,885,000
<ALLOWANCE-DOMESTIC>                         1,885,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        957,000
<FN>
<F1>NET OF UNEARNED INCOME ON INSTALLMENT LOANS OF $1,994,000.
</FN>
        

</TABLE>