<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, 1998 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-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                      13,111,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            29,200,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 26,332,000
<INVESTMENTS-CARRYING>                      66,480,000
<INVESTMENTS-MARKET>                        66,570,000
<LOANS>                                    140,809,000<F1>
<ALLOWANCE>                                  1,121,000
<TOTAL-ASSETS>                             263,501,000
<DEPOSITS>                                 240,964,000
<SHORT-TERM>                                     4,000
<LIABILITIES-OTHER>                          1,223,000
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                           51,000
<PREFERRED>                                     51,000
<COMMON>                                       497,000
<OTHER-SE>                                  20,762,000
<TOTAL-LIABILITIES-AND-EQUITY>             263,501,000
<INTEREST-LOAN>                              6,333,000
<INTEREST-INVEST>                            1,973,000
<INTEREST-OTHER>                               918,000
<INTEREST-TOTAL>                             9,224,000
<INTEREST-DEPOSIT>                           4,286,000
<INTEREST-EXPENSE>                           4,287,000
<INTEREST-INCOME-NET>                        4,937,000
<LOAN-LOSSES>                                  300,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              4,437,000
<INCOME-PRETAX>                              1,537,000
<INCOME-PRE-EXTRAORDINARY>                   1,537,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   973,000
<EPS-PRIMARY>                                     0.49
<EPS-DILUTED>                                     0.47
<YIELD-ACTUAL>                                    4.16
<LOANS-NON>                                     57,000
<LOANS-PAST>                                    78,000
<LOANS-TROUBLED>                                87,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,173,000
<CHARGE-OFFS>                                  398,000
<RECOVERIES>                                    46,000
<ALLOWANCE-CLOSE>                            1,121,000
<ALLOWANCE-DOMESTIC>                         1,121,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        327,000
<FN>
<F1>Net of unearned income on installment loans of $882,000.
</FN>
        

</TABLE>