<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED SEPTEMBER 30, 1996 OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 9,049 <INT-BEARING-DEPOSITS> 4,002 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 31,767 <INVESTMENTS-MARKET> 31,502 <LOANS> 117,638 <ALLOWANCE> (1,447) <TOTAL-ASSETS> 259,163 <DEPOSITS> 204,447 <SHORT-TERM> 18,425 <LIABILITIES-OTHER> 2,913 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,423 <OTHER-SE> 21,955 <TOTAL-LIABILITIES-AND-EQUITY> 259,163 <INTEREST-LOAN> 2,759 <INTEREST-INVEST> 778 <INTEREST-OTHER> 2,474 <INTEREST-TOTAL> 6,011 <INTEREST-DEPOSIT> 2,046 <INTEREST-EXPENSE> 2,376 <INTEREST-INCOME-NET> 3,635 <LOAN-LOSSES> 208 <SECURITIES-GAINS> (56) <EXPENSE-OTHER> 2,109 <INCOME-PRETAX> 1,680 <INCOME-PRE-EXTRAORDINARY> 1,101 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,101 <EPS-PRIMARY> 0.50 <EPS-DILUTED> 0.50 <YIELD-ACTUAL> 10.30 <LOANS-NON> 1,529 <LOANS-PAST> 678 <LOANS-TROUBLED> 375 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> (1,267) <CHARGE-OFFS> 33 <RECOVERIES> (5) <ALLOWANCE-CLOSE> (1,447) <ALLOWANCE-DOMESTIC> (1,447) <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> (1,332)