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): February 15, 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 February 15, 2005, Highlands Bankshares, Inc. issued a press release
announcing results for the year ended December 31, 2004. 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

        (a) Exhibits

            99.1  Press release issued February 15, 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

February 15, 2005