<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1997 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-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                          12,639
<INT-BEARING-DEPOSITS>                              87
<FED-FUNDS-SOLD>                                 9,795
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     65,496
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        211,287
<ALLOWANCE>                                      2,604
<TOTAL-ASSETS>                                 305,783
<DEPOSITS>                                     242,782
<SHORT-TERM>                                     4,559
<LIABILITIES-OTHER>                              3,649
<LONG-TERM>                                     26,168
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      28,425
<TOTAL-LIABILITIES-AND-EQUITY>                 305,783
<INTEREST-LOAN>                                 16,688
<INTEREST-INVEST>                                3,978
<INTEREST-OTHER>                                   492
<INTEREST-TOTAL>                                21,158
<INTEREST-DEPOSIT>                               9,058
<INTEREST-EXPENSE>                              10,502
<INTEREST-INCOME-NET>                           10,656
<LOAN-LOSSES>                                        4
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  7,547
<INCOME-PRETAX>                                  4,801
<INCOME-PRE-EXTRAORDINARY>                       3,280
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,280
<EPS-PRIMARY>                                     1.86
<EPS-DILUTED>                                     1.82
<YIELD-ACTUAL>                                    4.11
<LOANS-NON>                                      1,144
<LOANS-PAST>                                       459
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,803
<CHARGE-OFFS>                                      283
<RECOVERIES>                                        80
<ALLOWANCE-CLOSE>                                2,604
<ALLOWANCE-DOMESTIC>                             2,604
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0