<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, 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 <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 9,808 <INT-BEARING-DEPOSITS> 1,232 <FED-FUNDS-SOLD> 1,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 32,025 <INVESTMENTS-MARKET> 31,962 <LOANS> 285,492 <ALLOWANCE> (3,349) <TOTAL-ASSETS> 488,233 <DEPOSITS> 341,743 <SHORT-TERM> 84,901 <LIABILITIES-OTHER> 4,237 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24,564 <OTHER-SE> 32,788 <TOTAL-LIABILITIES-AND-EQUITY> 488,233 <INTEREST-LOAN> 11,855 <INTEREST-INVEST> 1,810 <INTEREST-OTHER> 5,941 <INTEREST-TOTAL> 19,606 <INTEREST-DEPOSIT> 6,995 <INTEREST-EXPENSE> 8,301 <INTEREST-INCOME-NET> 11,305 <LOAN-LOSSES> 2,094 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 7,531 <INCOME-PRETAX> 3,062 <INCOME-PRE-EXTRAORDINARY> 1,925 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,925 <EPS-BASIC> 0.53 <EPS-DILUTED> 0.51 <YIELD-ACTUAL> 9.38 <LOANS-NON> 1,674 <LOANS-PAST> 1,379 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> (2,177) <CHARGE-OFFS> 1,484 <RECOVERIES> (46) <ALLOWANCE-CLOSE> (3,349) <ALLOWANCE-DOMESTIC> (3,349) <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> (3,349)