<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, 1997 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-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 8,187 <INT-BEARING-DEPOSITS> 1,873 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 22,320 <INVESTMENTS-MARKET> 22,328 <LOANS> 138,550 <ALLOWANCE> (1,740) <TOTAL-ASSETS> 256,790 <DEPOSITS> 205,151 <SHORT-TERM> 13,100 <LIABILITIES-OTHER> 3,060 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,423 <OTHER-SE> 24,056 <TOTAL-LIABILITIES-AND-EQUITY> 256,790 <INTEREST-LOAN> 3,195 <INTEREST-INVEST> 708 <INTEREST-OTHER> 2,152 <INTEREST-TOTAL> 6,055 <INTEREST-DEPOSIT> 2,100 <INTEREST-EXPENSE> 2,339 <INTEREST-INCOME-NET> 3,716 <LOAN-LOSSES> 146 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,121 <INCOME-PRETAX> 1,921 <INCOME-PRE-EXTRAORDINARY> 1,246 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,246 <EPS-PRIMARY> .57 <EPS-DILUTED> .57 <YIELD-ACTUAL> 10.32 <LOANS-NON> 719 <LOANS-PAST> 309 <LOANS-TROUBLED> 384 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> (1,619) <CHARGE-OFFS> 30 <RECOVERIES> (5) <ALLOWANCE-CLOSE> (1,740) <ALLOWANCE-DOMESTIC> (1,740) <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> (1,740)