<ARTICLE> 9 <CIK> 0000741516 <NAME> American National Bankshares Inc. <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 13,979 <INT-BEARING-DEPOSITS> 20 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 86,311 <INVESTMENTS-CARRYING> 61,311 <INVESTMENTS-MARKET> 62,227 <LOANS> 258,779 <ALLOWANCE> 3,465 <TOTAL-ASSETS> 432,233 <DEPOSITS> 353,903 <SHORT-TERM> 0 <LIABILITIES-OTHER> 27,278 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,052 <OTHER-SE> 48,000 <TOTAL-LIABILITIES-AND-EQUITY> 432,233 <INTEREST-LOAN> 5,743 <INTEREST-INVEST> 2,185 <INTEREST-OTHER> 43 <INTEREST-TOTAL> 7,971 <INTEREST-DEPOSIT> 3,263 <INTEREST-EXPENSE> 3,532 <INTEREST-INCOME-NET> 4,439 <LOAN-LOSSES> 252 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,673 <INCOME-PRETAX> 2,410 <INCOME-PRE-EXTRAORDINARY> 2,410 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,661 <EPS-PRIMARY> .54 <EPS-DILUTED> .54 <YIELD-ACTUAL> 4.55 <LOANS-NON> 107 <LOANS-PAST> 205 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,277 <CHARGE-OFFS> 103 <RECOVERIES> 39 <ALLOWANCE-CLOSE> 3,465 <ALLOWANCE-DOMESTIC> 2,416 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,049