<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCAIL INFORMATION EXTRACTED FROM THE THIRD
QUARTER 10-Q OF HILLS BANCORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          10,117
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                10,855
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     95,912
<INVESTMENTS-CARRYING>                          19,704
<INVESTMENTS-MARKET>                            20,093
<LOANS>                                        323,264
<ALLOWANCE>                                      6,680
<TOTAL-ASSETS>                                 470,317
<DEPOSITS>                                     379,320
<SHORT-TERM>                                    31,030
<LIABILITIES-OTHER>                              3,244
<LONG-TERM>                                      5,381
<COMMON>                                         8,915
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      32,427
<TOTAL-LIABILITIES-AND-EQUITY>                 470,317
<INTEREST-LOAN>                                 20,300
<INTEREST-INVEST>                                4,447
<INTEREST-OTHER>                                   283
<INTEREST-TOTAL>                                25,030
<INTEREST-DEPOSIT>                              11,923
<INTEREST-EXPENSE>                              13,573
<INTEREST-INCOME-NET>                           11,457
<LOAN-LOSSES>                                      540
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  8,223
<INCOME-PRETAX>                                  5,302
<INCOME-PRE-EXTRAORDINARY>                       3,822
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,822
<EPS-PRIMARY>                                     7.79
<EPS-DILUTED>                                     7.79
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                     1,146
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 6,210
<CHARGE-OFFS>                                      142
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                6,608
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0