<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE
30, 1995 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-30-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          12,376
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 9,060
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     15,073
<INVESTMENTS-CARRYING>                          47,319
<INVESTMENTS-MARKET>                            47,324
<LOANS>                                        169,570
<ALLOWANCE>                                      2,609
<TOTAL-ASSETS>                                 257,772
<DEPOSITS>                                     228,403
<SHORT-TERM>                                     5,909
<LIABILITIES-OTHER>                              1,741
<LONG-TERM>                                          0
<COMMON>                                           200
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      21,519
<TOTAL-LIABILITIES-AND-EQUITY>                 257,772
<INTEREST-LOAN>                                  7,084
<INTEREST-INVEST>                                1,901
<INTEREST-OTHER>                                   191
<INTEREST-TOTAL>                                 9,176
<INTEREST-DEPOSIT>                               4,297
<INTEREST-EXPENSE>                               4,297
<INTEREST-INCOME-NET>                            4,879
<LOAN-LOSSES>                                       30
<SECURITIES-GAINS>                                   6
<EXPENSE-OTHER>                                  3,491
<INCOME-PRETAX>                                  2,094
<INCOME-PRE-EXTRAORDINARY>                       1,448
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,448
<EPS-PRIMARY>                                     2.45
<EPS-DILUTED>                                     2.45
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0