<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1996 FORM 10-K OF IOWA FIRST BANCSHARES CORP AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                          14,363
<INT-BEARING-DEPOSITS>                             551
<FED-FUNDS-SOLD>                                 7,263
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     67,622
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        186,241
<ALLOWANCE>                                      2,803
<TOTAL-ASSETS>                                 280,461
<DEPOSITS>                                     238,352
<SHORT-TERM>                                     7,397
<LIABILITIES-OTHER>                              2,041
<LONG-TERM>                                      7,473
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      24,998
<TOTAL-LIABILITIES-AND-EQUITY>                 280,461
<INTEREST-LOAN>                                 15,245
<INTEREST-INVEST>                                3,842
<INTEREST-OTHER>                                   945
<INTEREST-TOTAL>                                20,032
<INTEREST-DEPOSIT>                               8,980
<INTEREST-EXPENSE>                               9,598
<INTEREST-INCOME-NET>                           10,434
<LOAN-LOSSES>                                      160
<SECURITIES-GAINS>                                   4
<EXPENSE-OTHER>                                  6,857
<INCOME-PRETAX>                                  5,181
<INCOME-PRE-EXTRAORDINARY>                       3,465
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,465
<EPS-PRIMARY>                                     1.95
<EPS-DILUTED>                                     1.95
<YIELD-ACTUAL>                                    4.25
<LOANS-NON>                                        855
<LOANS-PAST>                                       329
<LOANS-TROUBLED>                                   381
<LOANS-PROBLEM>                                  7,711
<ALLOWANCE-OPEN>                                 2,309
<CHARGE-OFFS>                                      162
<RECOVERIES>                                       496
<ALLOWANCE-CLOSE>                                2,803
<ALLOWANCE-DOMESTIC>                             2,803
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0