<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH
31, 2000 FORM 10-Q OF IOWA FIRST BANCSHARES CORP. AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          13,532
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,475
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     66,585
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        273,601
<ALLOWANCE>                                      3,128
<TOTAL-ASSETS>                                 363,823
<DEPOSITS>                                     263,644
<SHORT-TERM>                                     4,715
<LIABILITIES-OTHER>                              2,038
<LONG-TERM>                                     71,823
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      21,403
<TOTAL-LIABILITIES-AND-EQUITY>                 363,823
<INTEREST-LOAN>                                  5,493
<INTEREST-INVEST>                                  954
<INTEREST-OTHER>                                    97
<INTEREST-TOTAL>                                 6,544
<INTEREST-DEPOSIT>                               2,464
<INTEREST-EXPENSE>                               3,655
<INTEREST-INCOME-NET>                            2,889
<LOAN-LOSSES>                                       42
<SECURITIES-GAINS>                                   8
<EXPENSE-OTHER>                                  2,083
<INCOME-PRETAX>                                  1,288
<INCOME-PRE-EXTRAORDINARY>                         884
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       884
<EPS-BASIC>                                        .58
<EPS-DILUTED>                                      .58
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,091
<CHARGE-OFFS>                                        5
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                3,128
<ALLOWANCE-DOMESTIC>                             3,128
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0