<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1997 FORM 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-31-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                          13,799
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 8,100
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     69,326
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        194,426
<ALLOWANCE>                                      2,739
<TOTAL-ASSETS>                                 291,310
<DEPOSITS>                                     240,153
<SHORT-TERM>                                    22,671
<LIABILITIES-OTHER>                              2,035
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      26,251
<TOTAL-LIABILITIES-AND-EQUITY>                 291,310
<INTEREST-LOAN>                                  7,989
<INTEREST-INVEST>                                1,990
<INTEREST-OTHER>                                   250
<INTEREST-TOTAL>                                 10229
<INTEREST-DEPOSIT>                               4,410
<INTEREST-EXPENSE>                               4,975
<INTEREST-INCOME-NET>                            5,254
<LOAN-LOSSES>                                        4
<SECURITIES-GAINS>                                 (4)
<EXPENSE-OTHER>                                  3,561
<INCOME-PRETAX>                                  2,516
<INCOME-PRE-EXTRAORDINARY>                       1,711
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,711
<EPS-PRIMARY>                                      .95
<EPS-DILUTED>                                      .95
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                      1,034
<LOANS-PAST>                                       483
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,803
<CHARGE-OFFS>                                       68
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                2,739
<ALLOWANCE-DOMESTIC>                             2,739
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0