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): October 20, 2005



                            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, West Virginia                                     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))


 2


Item 2.02  Results of Operations and Financial Condition

        On October 20, 2005, Highlands Bankshares, Inc. issued a press release
announcing results for the three month and nine month periods ended September
30, 2005. A copy of the press release is being furnished as Exhibit to this
report and is incorporated by reference into this item 99.1.


Item 9.01 Financial Statements and Exhibits

        (c) Exhibits

            99.1  Press release issued October 20, 2005.


      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
                                       Finance Officer

October 20, 2005