<ARTICLE> 9
<LEGEND>
THIS FINANCIAL SCHEDULE CONTAINS SUMMARY FINANCIAL INFROMATION EXTRACTED FROM
THE SEPTEMBER 30, 1996 10-Q FOR IOWA FIRST BANCSHARES CORP AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                          14,235
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 8,500
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     68,763
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        178,632
<ALLOWANCE>                                      2,737
<TOTAL-ASSETS>                                 275,028
<DEPOSITS>                                     236,292
<SHORT-TERM>                                     9,923
<LIABILITIES-OTHER>                              2,041
<LONG-TERM>                                      2,474
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      24,098
<TOTAL-LIABILITIES-AND-EQUITY>                 275,028
<INTEREST-LOAN>                                 11,372
<INTEREST-INVEST>                                2,904
<INTEREST-OTHER>                                   711
<INTEREST-TOTAL>                                14,987
<INTEREST-DEPOSIT>                               6,772
<INTEREST-EXPENSE>                               7,214
<INTEREST-INCOME-NET>                            7,773
<LOAN-LOSSES>                                      100
<SECURITIES-GAINS>                                   4
<EXPENSE-OTHER>                                  5,018
<INCOME-PRETAX>                                  3,978
<INCOME-PRE-EXTRAORDINARY>                       2,650
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,650
<EPS-PRIMARY>                                     1.50
<EPS-DILUTED>                                     1.50
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                        902
<LOANS-PAST>                                       205
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,309
<CHARGE-OFFS>                                        0
<RECOVERIES>                                       428
<ALLOWANCE-CLOSE>                                2,737
<ALLOWANCE-DOMESTIC>                             2,737
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0