<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS FOR INDEPENDENT BANKSHARES, INC. FOR THE SIX
MONTHS ENDED JUNE 30, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                      12,438,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            14,300,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 37,058,000
<INVESTMENTS-CARRYING>                      87,606,000
<INVESTMENTS-MARKET>                        87,352,000
<LOANS>                                    137,403,000<F1>
<ALLOWANCE>                                  1,328,000
<TOTAL-ASSETS>                             265,766,000
<DEPOSITS>                                 244,068,000
<SHORT-TERM>                                   418,000
<LIABILITIES-OTHER>                          1,288,000
<LONG-TERM>                                    406,000
<PREFERRED-MANDATORY>                           62,000
<PREFERRED>                                     62,000
<COMMON>                                       487,000
<OTHER-SE>                                  19,037,000
<TOTAL-LIABILITIES-AND-EQUITY>             265,766,000
<INTEREST-LOAN>                              5,833,000
<INTEREST-INVEST>                            2,699,000
<INTEREST-OTHER>                               442,000
<INTEREST-TOTAL>                             8,974,000
<INTEREST-DEPOSIT>                           4,214,000
<INTEREST-EXPENSE>                           4,249,000
<INTEREST-INCOME-NET>                        4,725,000
<LOAN-LOSSES>                                   60,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              3,958,000
<INCOME-PRETAX>                              1,593,000
<INCOME-PRE-EXTRAORDINARY>                   1,593,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,055,000
<EPS-PRIMARY>                                      .59
<EPS-DILUTED>                                      .52
<YIELD-ACTUAL>                                    4.15
<LOANS-NON>                                    142,000
<LOANS-PAST>                                    53,000
<LOANS-TROUBLED>                               114,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               793,000
<CHARGE-OFFS>                                  205,000
<RECOVERIES>                                   285,000
<ALLOWANCE-CLOSE>                            1,328,000
<ALLOWANCE-DOMESTIC>                         1,328,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        815,000
<FN>
<F1>Net of unearned income on installment loans of $2,047,000.
</FN>
        

</TABLE>