<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED JUNE 30, 1997 OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000741390 <NAME> MAHASKA INVESTMENT CO. <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 9,972 <INT-BEARING-DEPOSITS> 748 <FED-FUNDS-SOLD> 675 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 23,157 <INVESTMENTS-MARKET> 23,099 <LOANS> 132,496 <ALLOWANCE> (1,619) <TOTAL-ASSETS> 254,447 <DEPOSITS> 205,659 <SHORT-TERM> 11,350 <LIABILITIES-OTHER> 2,653 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,423 <OTHER-SE> 23,362 <TOTAL-LIABILITIES-AND-EQUITY> 254,447 <INTEREST-LOAN> 2,998 <INTEREST-INVEST> 789 <INTEREST-OTHER> 2,004 <INTEREST-TOTAL> 5,791 <INTEREST-DEPOSIT> 2,093 <INTEREST-EXPENSE> 2,308 <INTEREST-INCOME-NET> 3,483 <LOAN-LOSSES> 39 <SECURITIES-GAINS> (8) <EXPENSE-OTHER> 1,954 <INCOME-PRETAX> 1,912 <INCOME-PRE-EXTRAORDINARY> 1,227 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,227 <EPS-PRIMARY> .56 <EPS-DILUTED> .56 <YIELD-ACTUAL> 10.04 <LOANS-NON> 878 <LOANS-PAST> 130 <LOANS-TROUBLED> 350 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> (1,578) <CHARGE-OFFS> 10 <RECOVERIES> (12) <ALLOWANCE-CLOSE> (1,619) <ALLOWANCE-DOMESTIC> (1,619) <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> (1,303)