<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1999 FORM 10-K OF HILLS BANCORPORATION 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>                                          21,765
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                   206
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    131,961
<INVESTMENTS-CARRYING>                          18,307
<INVESTMENTS-MARKET>                            18,362
<LOANS>                                        575,131
<ALLOWANCE>                                      9,750
<TOTAL-ASSETS>                                 773,966
<DEPOSITS>                                     562,086
<SHORT-TERM>                                    26,714
<LIABILITIES-OTHER>                             18,249
<LONG-TERM>                                     95,700
<PREFERRED-MANDATORY>                           10,953
<PREFERRED>                                          0
<COMMON>                                        10,214
<OTHER-SE>                                      50,050
<TOTAL-LIABILITIES-AND-EQUITY>                 773,966
<INTEREST-LOAN>                                 41,933
<INTEREST-INVEST>                                8,733
<INTEREST-OTHER>                                   455
<INTEREST-TOTAL>                                51,121
<INTEREST-DEPOSIT>                              20,826
<INTEREST-EXPENSE>                              26,313
<INTEREST-INCOME-NET>                           24,808
<LOAN-LOSSES>                                      900
<SECURITIES-GAINS>                               (315)
<EXPENSE-OTHER>                                 18,309
<INCOME-PRETAX>                                 12,036
<INCOME-PRE-EXTRAORDINARY>                       8,466
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,466
<EPS-BASIC>                                       5.70
<EPS-DILUTED>                                     5.66
<YIELD-ACTUAL>                                    3.83
<LOANS-NON>                                          0
<LOANS-PAST>                                     1,320
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                  9,265
<ALLOWANCE-OPEN>                                 8,856
<CHARGE-OFFS>                                      763
<RECOVERIES>                                       757
<ALLOWANCE-CLOSE>                                9,750
<ALLOWANCE-DOMESTIC>                             9,750
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0