<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 31,
1997 FORM 10Q FOR IOWA FIRST BANCSHARES CORP. AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          12,344
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                12,130
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     68,259
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        189,577
<ALLOWANCE>                                      2,821
<TOTAL-ASSETS>                                 287,046
<DEPOSITS>                                     240,902
<SHORT-TERM>                                     5,917
<LIABILITIES-OTHER>                              1,929
<LONG-TERM>                                     12,557
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      25,541
<TOTAL-LIABILITIES-AND-EQUITY>                 287,046
<INTEREST-LOAN>                                  3,913
<INTEREST-INVEST>                                  973
<INTEREST-OTHER>                                    96
<INTEREST-TOTAL>                                 4,982
<INTEREST-DEPOSIT>                               2,137
<INTEREST-EXPENSE>                               2,383
<INTEREST-INCOME-NET>                            2,599
<LOAN-LOSSES>                                        3
<SECURITIES-GAINS>                                  11
<EXPENSE-OTHER>                                  1,721
<INCOME-PRETAX>                                  1,280
<INCOME-PRE-EXTRAORDINARY>                         874
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       874
<EPS-PRIMARY>                                      .49
<EPS-DILUTED>                                      .49
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                      1,443
<LOANS-PAST>                                       263
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,803
<CHARGE-OFFS>                                        0
<RECOVERIES>                                        15
<ALLOWANCE-CLOSE>                                2,821
<ALLOWANCE-DOMESTIC>                             2,821
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0