<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, 1998 OF
MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997
<PERIOD-TYPE> 3-MOS 3-MOS
<PERIOD-END> JUN-30-1998 JUN-30-1997
<CASH> 13,616 9,972
<INT-BEARING-DEPOSITS> 225 748
<FED-FUNDS-SOLD> 817 675
<TRADING-ASSETS> 0 0
<INVESTMENTS-HELD-FOR-SALE> 0 0
<INVESTMENTS-CARRYING> 16,879 23,157
<INVESTMENTS-MARKET> 16,934 23,099
<LOANS> 159,031 132,496
<ALLOWANCE> (1,736) (1,619)
<TOTAL-ASSETS> 276,533 254,447
<DEPOSITS> 217,163 205,659
<SHORT-TERM> 18,300 11,350
<LIABILITIES-OTHER> 2,568 2,653
<LONG-TERM> 0 0
<COMMON> 19,038 11,423
<PREFERRED-MANDATORY> 0 0
<PREFERRED> 0 0
<OTHER-SE> 19,464 23,362
<TOTAL-LIABILITIES-AND-EQUITY> 276,533 254,447
<INTEREST-LOAN> 3,652 7,052
<INTEREST-INVEST> 632 1,254
<INTEREST-OTHER> 2,354 4,966
<INTEREST-TOTAL> 6,638 13,272
<INTEREST-DEPOSIT> 2,217 4,386
<INTEREST-EXPENSE> 2,533 5,045
<INTEREST-INCOME-NET> 4,105 8,227
<LOAN-LOSSES> 177 287
<SECURITIES-GAINS> 0 26
<EXPENSE-OTHER> 2,228 4,435
<INCOME-PRETAX> 2,142 4,388
<INCOME-PRE-EXTRAORDINARY> 1,374 2,804
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 1,374 2,804
<EPS-PRIMARY> 0.37 0.76
<EPS-DILUTED> 0.35 0.72
<YIELD-ACTUAL> 10.47 10.63
<LOANS-NON> 533 0
<LOANS-PAST> 856 0
<LOANS-TROUBLED> 160 0
<LOANS-PROBLEM> 0 0
<ALLOWANCE-OPEN> (1,872) (1,816)
<CHARGE-OFFS> 316 381
<RECOVERIES> (3) (14)
<ALLOWANCE-CLOSE> (1,736) (1,736)
<ALLOWANCE-DOMESTIC> (1,736) (1,736)
<ALLOWANCE-FOREIGN> 0 0
<ALLOWANCE-UNALLOCATED> (1,736) (1,736)