Form 8-K
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 9, 2007


HIGHLANDS BANKSHARES, INC.
(Exact name of registrant as specified in its charter)

West Virginia
0-16761
55-0650793
(State or other jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation or organization
  
Identification No.)


P.O. Box 929
  
Petersburg, WV
26847
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code (304) 257-4111

Check the appropriate box below if the Form 8-K filing is intended to simultaneously Satisfy the filing obligation of the registrant under any of the following provisions:
 
____
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425
   
____
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
____
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
____
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 

Page 2

Item 8   Other Events

The Board of Directors of Highlands Bankshares, Inc, at its regularly scheduled meeting held January 9, 2007 declared a dividend of 25 cents per share. This dividend is payable on February 15, 2007 to shareholders of record February 1, 2007.
 
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 hereunto duly authorized.

 
HIGHLANDS BANKSHARES, INC.
 
(Registrant)
   
 
/s/R. Alan Miller
 
R. Alan Miller
   
January 9, 2007