<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, 1999 OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <CIK> 0000741390 <NAME> MAHASKA INVESTMENT COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> MAR-31-1999 MAR-31-1998 <CASH> 7,510 9,254 <INT-BEARING-DEPOSITS> 1,892 4,429 <FED-FUNDS-SOLD> 8,734 12,273 <TRADING-ASSETS> 0 0 <INVESTMENTS-HELD-FOR-SALE> 0 0 <INVESTMENTS-CARRYING> 14,851 18,321 <INVESTMENTS-MARKET> 14,965 18,387 <LOANS> 172,198 146,999 <ALLOWANCE> (2,037) (1,872) <TOTAL-ASSETS> 299,255 276,013 <DEPOSITS> 233,529 218,529 <SHORT-TERM> 23,788 16,550 <LIABILITIES-OTHER> 3,194 3,140 <LONG-TERM> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 19,038 19,038 <OTHER-SE> 19,706 18,756 <TOTAL-LIABILITIES-AND-EQUITY> 299,255 276,013 <INTEREST-LOAN> 3,774 3,400 <INTEREST-INVEST> 633 622 <INTEREST-OTHER> 2,342 2,612 <INTEREST-TOTAL> 6,749 6,634 <INTEREST-DEPOSIT> 2,288 2,169 <INTEREST-EXPENSE> 2,701 2,512 <INTEREST-INCOME-NET> 4,048 4,122 <LOAN-LOSSES> 167 110 <SECURITIES-GAINS> 0 26 <EXPENSE-OTHER> 2,555 2,207 <INCOME-PRETAX> 1,818 2,246 <INCOME-PRE-EXTRAORDINARY> 1,157 1,430 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 1,157 1,430 <EPS-PRIMARY> 0.32 0.39 <EPS-DILUTED> 0.31 0.37 <YIELD-ACTUAL> 10.02 10.80 <LOANS-NON> 1,852 972 <LOANS-PAST> 637 519 <LOANS-TROUBLED> 0 351 <LOANS-PROBLEM> 0 0 <ALLOWANCE-OPEN> (2,177) (1,816) <CHARGE-OFFS> 339 64 <RECOVERIES> (32) (10) <ALLOWANCE-CLOSE> (2,037) (1,872) <ALLOWANCE-DOMESTIC> (2,037) (1,872) <ALLOWANCE-FOREIGN> 0 0 <ALLOWANCE-UNALLOCATED> (2,037) (1,872)