<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 THREE-MONTH PERIOD ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                      21,315,000         
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            26,745,000         
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 45,368,000
<INVESTMENTS-CARRYING>                     105,814,000<F1>
<INVESTMENTS-MARKET>                       105,677,000<F1>
<LOANS>                                    184,093,000<F2>
<ALLOWANCE>                                  1,849,000
<TOTAL-ASSETS>                             363,088,000
<DEPOSITS>                                 324,074,000
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                          1,678,000
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     46,000
<COMMON>                                       557,000
<OTHER-SE>                                  23,733,000
<TOTAL-LIABILITIES-AND-EQUITY>             363,088,000
<INTEREST-LOAN>                              4,239,000
<INTEREST-INVEST>                            1,406,000
<INTEREST-OTHER>                               411,000
<INTEREST-TOTAL>                             6,056,000
<INTEREST-DEPOSIT>                           2,543,000
<INTEREST-EXPENSE>                           2,543,000
<INTEREST-INCOME-NET>                        3,513,000
<LOAN-LOSSES>                                  105,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              3,326,000
<INCOME-PRETAX>                                925,000
<INCOME-PRE-EXTRAORDINARY>                     925,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   629,000
<EPS-PRIMARY>                                     0.28
<EPS-DILUTED>                                     0.27
<YIELD-ACTUAL>                                    4.47
<LOANS-NON>                                    212,000
<LOANS-PAST>                                   234,000
<LOANS-TROUBLED>                                73,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,842,000
<CHARGE-OFFS>                                  142,000
<RECOVERIES>                                    44,000
<ALLOWANCE-CLOSE>                            1,849,000
<ALLOWANCE-DOMESTIC>                         1,849,000<F3>
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        897,000
<FN>
<F1> Includeds investments held for sale
<F2> Net of unearned income on installment loans of $1,311,000
<F3> Includeds unallocated portion of allowance
</FN>
        

</TABLE>