<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE THIRD
QUARTER 10-Q OF IOWA FIRST BANCSHARES CORP. AND IS QUALIFIED IN TIS 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>                                          12,465
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 7,075
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     19,232
<INVESTMENTS-CARRYING>                          44,829
<INVESTMENTS-MARKET>                            44,994
<LOANS>                                        172,590
<ALLOWANCE>                                      2,576
<TOTAL-ASSETS>                                 261,207
<DEPOSITS>                                     230,705
<SHORT-TERM>                                     2,600
<LIABILITIES-OTHER>                              5,532
<LONG-TERM>                                          0
<COMMON>                                           200
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      22,170
<TOTAL-LIABILITIES-AND-EQUITY>                 261,207
<INTEREST-LOAN>                                 10,828
<INTEREST-INVEST>                                2,828
<INTEREST-OTHER>                                   300
<INTEREST-TOTAL>                                13,956
<INTEREST-DEPOSIT>                               6,604
<INTEREST-EXPENSE>                               6,604
<INTEREST-INCOME-NET>                            7,352
<LOAN-LOSSES>                                       30
<SECURITIES-GAINS>                                 (3)
<EXPENSE-OTHER>                                  5,108
<INCOME-PRETAX>                                  3,346
<INCOME-PRE-EXTRAORDINARY>                       2,300
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,300
<EPS-PRIMARY>                                     3.87
<EPS-DILUTED>                                     3.87
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                16,160
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                               19,121
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0