<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1996 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-31-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                          11,660
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                11,660
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     70,431
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        174,775
<ALLOWANCE>                                      2,716
<TOTAL-ASSETS>                                 273,022
<DEPOSITS>                                     235,850
<SHORT-TERM>                                     9,016
<LIABILITIES-OTHER>                              2,254
<LONG-TERM>                                      2,500
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      23,202
<TOTAL-LIABILITIES-AND-EQUITY>                 273,022
<INTEREST-LOAN>                                  7,569
<INTEREST-INVEST>                                1,889
<INTEREST-OTHER>                                   577
<INTEREST-TOTAL>                                10,035
<INTEREST-DEPOSIT>                               4,578
<INTEREST-EXPENSE>                               4,873
<INTEREST-INCOME-NET>                            5,162
<LOAN-LOSSES>                                       40
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  3,333
<INCOME-PRETAX>                                  2,659
<INCOME-PRE-EXTRAORDINARY>                       1,767
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,767
<EPS-PRIMARY>                                     2.97
<EPS-DILUTED>                                     2.97
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,309
<CHARGE-OFFS>                                        0
<RECOVERIES>                                       367
<ALLOWANCE-CLOSE>                                2,716
<ALLOWANCE-DOMESTIC>                             2,716
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0