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): ~~May~~July 1517, 2012

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:
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))

~~Item~~Page 2~~.02 Results of Operations and Financial Condition~~

OnItem ~~May~~8 Other 15, 2012 Highlands Bankshares, Inc. issued a press release announcing results for the quarter ended March 31, 2012. A copy of the press release is being furnished as Exhibit 99.1 to this report and is incorporated by reference herein.Events

~~Item~~The 9Board of Directors of Highlands Bankshares, Inc, at its regularly scheduled meeting held July 17, 2012 declared a dividend of 10 cents per share.01 ~~Financial~~This ~~Statements~~dividend ~~and~~is ~~Exhibits~~payable on August 10, 2012 to shareholders of record July 31, 2012.

(a) Exhibits

99.1 Press release issued May 15, 2012

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/Jeffrey B. Reedy
	Jeffrey B. Reedy, CFO
	Jeffrey B. Reedy, Chief Financial Officer
May 15, 2012
July 17, 2012

Exhibit Index

Exhibit No.	Description
99.1	Press Release

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