<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1999 FORM 10-K OF IOWA FIRST BANCSHARES CORP. AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                          15,149
<INT-BEARING-DEPOSITS>                             155
<FED-FUNDS-SOLD>                                15,800
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     62,950
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        270,083
<ALLOWANCE>                                      3,091
<TOTAL-ASSETS>                                 371,029
<DEPOSITS>                                     269,572
<SHORT-TERM>                                     6,837
<LIABILITIES-OTHER>                              1,937
<LONG-TERM>                                     71,490
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      20,993
<TOTAL-LIABILITIES-AND-EQUITY>                 371,029
<INTEREST-LOAN>                                 21,127
<INTEREST-INVEST>                                3,607
<INTEREST-OTHER>                                   393
<INTEREST-TOTAL>                                25,127
<INTEREST-DEPOSIT>                               9,457
<INTEREST-EXPENSE>                              13,837
<INTEREST-INCOME-NET>                           11,290
<LOAN-LOSSES>                                      406
<SECURITIES-GAINS>                                   4
<EXPENSE-OTHER>                                  7,942
<INCOME-PRETAX>                                  4,964
<INCOME-PRE-EXTRAORDINARY>                       3,412
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,412
<EPS-BASIC>                                       2.23
<EPS-DILUTED>                                     2.23
<YIELD-ACTUAL>                                    3.53
<LOANS-NON>                                        503
<LOANS-PAST>                                        49
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,787
<CHARGE-OFFS>                                      329
<RECOVERIES>                                       227
<ALLOWANCE-CLOSE>                                3,091
<ALLOWANCE-DOMESTIC>                             3,091
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0