<ARTICLE>                   9
<LEGEND>
     THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
     QUARTERLY REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED MARCH 31,
     2000 OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY
     REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                       0000741390
<NAME>                      MAHASKA INVESTMENT COMPANY

                       
<PERIOD-TYPE>                    3-MOS
<FISCAL-YEAR-END>          DEC-31-2000
<PERIOD-END>               MAR-31-2000
<CASH>                           9,441
<INT-BEARING-DEPOSITS>             217
<FED-FUNDS-SOLD>                 5,390
<TRADING-ASSETS>                     0
<INVESTMENTS-HELD-FOR-SALE>          0
<INVESTMENTS-CARRYING>          28,682
<INVESTMENTS-MARKET>            28,441
<LOANS>                        290,734
<ALLOWANCE>                     (3,550)
<TOTAL-ASSETS>                 484,513
<DEPOSITS>                     351,560
<SHORT-TERM>                    79,354
<LIABILITIES-OTHER>              3,865
<LONG-TERM>                          0
<PREFERRED-MANDATORY>                0
<PREFERRED>                          0
<COMMON>                        24,564
<OTHER-SE>                      25,170
<TOTAL-LIABILITIES-AND-EQUITY> 484,513
<INTEREST-LOAN>                  5,865
<INTEREST-INVEST>                1,488
<INTEREST-OTHER>                 2,199
<INTEREST-TOTAL>                 9,552
<INTEREST-DEPOSIT>               3,542
<INTEREST-EXPENSE>               4,949
<INTEREST-INCOME-NET>            4,603
<LOAN-LOSSES>                      151
<SECURITIES-GAINS>                   0
<EXPENSE-OTHER>                  3,403
<INCOME-PRETAX>                  1,685
<INCOME-PRE-EXTRAORDINARY>       1,685
<EXTRAORDINARY>                      0
<CHANGES>                            0
<NET-INCOME>                     1,113
<EPS-BASIC>                       0.26
<EPS-DILUTED>                     0.26
<YIELD-ACTUAL>                    8.68
<LOANS-NON>                      2,984
<LOANS-PAST>                       617
<LOANS-TROUBLED>                     0
<LOANS-PROBLEM>                      0
<ALLOWANCE-OPEN>                (4,006)
<CHARGE-OFFS>                      714
<RECOVERIES>                      (107)
<ALLOWANCE-CLOSE>               (3,550)
<ALLOWANCE-DOMESTIC>            (3,550)
<ALLOWANCE-FOREIGN>                  0
<ALLOWANCE-UNALLOCATED>         (3,550)