<ARTICLE> 9
<LEGEND>
THESE SCHEDULES CONTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM
10-K'S AND 10-Q'S OF IOWA FIRST BANCSHARES CORP AND ARE QUALIFIED IN THEIR
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                                                                                            

<PERIOD-TYPE>                   YEAR                   YEAR                   3-MOS                   6-MOS
9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1996             DEC-31-1996             DEC-31-1996
             DEC-31-1996
<PERIOD-END>                               DEC-31-1995             DEC-31-1996             MAR-31-1996             JUN-30-1996
             SEP-30-1996
<CASH>                                          10,963                  14,363                  12,410                  11,660
                  14,235
<INT-BEARING-DEPOSITS>                               0                     551                       0                       0
                       0
<FED-FUNDS-SOLD>                                24,700                   7,263                  23,365                  11,660
                   8,500
<TRADING-ASSETS>                                     0                       0                       0                       0
                       0
<INVESTMENTS-HELD-FOR-SALE>                     60,728                  67,622                  65,093                  70,431
                  68,763
<INVESTMENTS-CARRYING>                               0                       0                       0                       0
                       0
<INVESTMENTS-MARKET>                                 0                       0                       0                       0
                       0
<LOANS>                                        171,651                 186,241                 171,781                 174,775
                 178,632
<ALLOWANCE>                                      2,309                   2,803                   2,383                   2,716
                   2,737
<TOTAL-ASSETS>                                 272,830                 280,461                 277,278                 273,022
                 275,028
<DEPOSITS>                                     235,953                 238,352                 240,510                 235,850
                 236,292
<SHORT-TERM>                                     8,339                   7,397                   7,972                   9,016
                   9,923
<LIABILITIES-OTHER>                              2,107                   2,041                   2,087                   2,254
                   2,041
<LONG-TERM>                                      3,398                   7,473                   3,398                   2,500
                   2,474
<PREFERRED-MANDATORY>                                0                       0                       0                       0
                       0
<PREFERRED>                                          0                       0                       0                       0
                       0
<COMMON>                                           200                     200                     200                     200
                     200
<OTHER-SE>                                      22,833                  24,998                  23,111                  23,202
                  24,098
<TOTAL-LIABILITIES-AND-EQUITY>                 272,830                 280,461                 277,278                 273,022
                 275,028
<INTEREST-LOAN>                                 14,644                  15,245                   3,690                   7,569
                  11,372
<INTEREST-INVEST>                                3,709                   3,842                     919                   1,889
                   2,904
<INTEREST-OTHER>                                   589                     945                     293                     577
                     711
<INTEREST-TOTAL>                                18,942                  20,032                   4,902                  10,035
                  14,987
<INTEREST-DEPOSIT>                               8,727                   8,980                   2,274                   4,578
                   6,772
<INTEREST-EXPENSE>                               9,051                   9,598                   2,429                   4,873
                   7,214
<INTEREST-INCOME-NET>                            9,891                  10,434                   2,473                   5,162
                   7,773
<LOAN-LOSSES>                                       45                     160                      15                      40
                     100
<SECURITIES-GAINS>                                   3                       4                       0                       0
                       4
<EXPENSE-OTHER>                                  6,877                   6,857                   1,671                   3,333
                   5,018
<INCOME-PRETAX>                                  4,545                   5,181                   1,174                   2,659
                   3,978
<INCOME-PRE-EXTRAORDINARY>                       3,050                   3,465                     792                   1,767
                   2,650
<EXTRAORDINARY>                                      0                       0                       0                       0
                       0
<CHANGES>                                            0                       0                       0                       0
                       0
<NET-INCOME>                                     3,050                   3,465                     792                   1,767
                   2,650
<EPS-PRIMARY>                                     1.77                    2.02                     .46                    1.03
                    1.55
<EPS-DILUTED>                                     1.71                    1.95                     .45                    1.00
                    1.50
<YIELD-ACTUAL>                                    4.28                    4.25                       0                       0
                       0
<LOANS-NON>                                        883                     855                       0                       0
                     902
<LOANS-PAST>                                       111                     329                       0                       0
                     205
<LOANS-TROUBLED>                                     0                     381                       0                       0
                       0
<LOANS-PROBLEM>                                      0                   7,711                       0                       0
                       0
<ALLOWANCE-OPEN>                                 2,526                   2,309                   2,309                   2,309
                   2,309
<CHARGE-OFFS>                                      438                     162                       0                       0
                       0
<RECOVERIES>                                       176                     496                      59                     367
                     428
<ALLOWANCE-CLOSE>                                2,309                   2,803                   2,383                   2,716
                   2,737
<ALLOWANCE-DOMESTIC>                             2,309                   2,803                   2,383                   2,716
                   2,737
<ALLOWANCE-FOREIGN>                                  0                       0                       0                       0
                       0
<ALLOWANCE-UNALLOCATED>                              0                       0                       0                       0
                       0