U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-QSB/A
(Mark
one)
[ X] QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1995
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from to
Commission file number 0-16761
Highlands Bankshares, Inc.
(Exact name of small business issuer as specified in its charter)
West Virginia 55-0650793
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
P. O. Box 929, Petersburg, West Virginia 26847
(Address of principal executive offices)
(304) 257-4111
(Issuer's telephone number)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes ..X. No ....
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date.
Class Outstanding at March 31, 1995
Common Stock, par value - $5 514,066 shares
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
HIGHLANDS BANKSHARES, INC.
LESLIE A. BARR
Leslie A. Barr
President
CLARENCE E. PORTER
Clarence E. Porter
Secretary/Treasurer
Date June 28, 1995
EXHIBIT INDEX
Exhibit
Index
27 Financial Data Schedule for the quarter ending March 31, 1995
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from Highlands
Bankshares, Inc. Form 10QSB and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<CIK> 0000756862
<NAME> HIGHLANDS BANKSHARES, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> $ 3,067
<INT-BEARING-DEPOSITS> $ 486
<FED-FUNDS-SOLD> $ 5,729
<TRADING-ASSETS> $ 0
<INVESTMENTS-HELD-FOR-SALE> $ 27,140
<INVESTMENTS-CARRYING> $ 9,211
<INVESTMENTS-MARKET> $ 9,161
<LOANS> $ 106,603
<ALLOWANCE> $ (1,454)
<TOTAL-ASSETS> $ 155,726
<DEPOSITS> $ 136,898
<SHORT-TERM> $ 0
<LIABILITIES-OTHER> $ 1,349
<LONG-TERM> $ 0
<COMMON> $ 2,734
$ 0
$ 0
<OTHER-SE> $ 14,745
<TOTAL-LIABILITIES-AND-EQUITY> $ 155,726
<INTEREST-LOAN> $ 2,348
<INTEREST-INVEST> $ 543
<INTEREST-OTHER> $ 76
<INTEREST-TOTAL> $ 2,967
<INTEREST-DEPOSIT> $ 1,312
<INTEREST-EXPENSE> $ 1,312
<INTEREST-INCOME-NET> $ 1,655
<LOAN-LOSSES> $ 30
<SECURITIES-GAINS> $ (2)
<EXPENSE-OTHER> $ 1,041
<INCOME-PRETAX> $ 730
<INCOME-PRE-EXTRAORDINARY> $ 488
<EXTRAORDINARY> $ 0
<CHANGES> $ 0
<NET-INCOME> $ 488
<EPS-PRIMARY> $ .95
<EPS-DILUTED> $ .95
<YIELD-ACTUAL> 4.55
<LOANS-NON> $ 116
<LOANS-PAST> $ 1,168
<LOANS-TROUBLED> $ 0
<LOANS-PROBLEM> $ 0
<ALLOWANCE-OPEN> $ 1,454
<CHARGE-OFFS> $ 69
<RECOVERIES> $ 39
<ALLOWANCE-CLOSE> $ 1,454
<ALLOWANCE-DOMESTIC> $ 1,454
<ALLOWANCE-FOREIGN> $ 0
<ALLOWANCE-UNALLOCATED> $ 0
</TABLE>
