<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED FINANCIAL STATEMENT FOR INDEPENDENT BANKSHARES, INC. FOR
THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                      18,398,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            19,450,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 48,697,000
<INVESTMENTS-CARRYING>                     107,879,000<F1>
<INVESTMENTS-MARKET>                       106,959,000<F1>
<LOANS>                                    187,454,000<F2>
<ALLOWANCE>                                  1,821,000
<TOTAL-ASSETS>                             357,488,000
<DEPOSITS>                                 317,855,000
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                          1,604,000
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     45,000
<COMMON>                                       558,000
<OTHER-SE>                                  24,426,000
<TOTAL-LIABILITIES-AND-EQUITY>             357,488,000
<INTEREST-LOAN>                             12,691,000
<INTEREST-INVEST>                            4,391,000
<INTEREST-OTHER>                             1,002,000
<INTEREST-TOTAL>                            18,084,000
<INTEREST-DEPOSIT>                           7,389,000
<INTEREST-EXPENSE>                           7,389,000
<INTEREST-INCOME-NET>                       10,695,000
<LOAN-LOSSES>                                  320,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                             10,072,000
<INCOME-PRETAX>                              2,796,000
<INCOME-PRE-EXTRAORDINARY>                   1,888,000
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,888,000
<EPS-BASIC>                                       0.86
<EPS-DILUTED>                                     0.83
<YIELD-ACTUAL>                                    4.55
<LOANS-NON>                                    258,000
<LOANS-PAST>                                   331,000
<LOANS-TROUBLED>                               136,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,842,000
<CHARGE-OFFS>                                  506,000
<RECOVERIES>                                   165,000
<ALLOWANCE-CLOSE>                            1,821,000
<ALLOWANCE-DOMESTIC>                         1,821,000<F3>
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        623,000
<FN>
<F1>Includes investments held for sale
<F2>Net of unearned income on installment loans of 703,000
<F3>Includes unallocated portion of allowance
</FN>


</TABLE>