<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATIN EXTRACTED FROM THE SEPTEMBER
3O, 1998 FORM 10-Q FOR IOWA FIRST BANCSHARES CORP AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          12,722
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 6,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     54,471
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        250,336
<ALLOWANCE>                                      2,772
<TOTAL-ASSETS>                                 333,700
<DEPOSITS>                                     251,939
<SHORT-TERM>                                     9,766
<LIABILITIES-OTHER>                              2,395
<LONG-TERM>                                     49,968
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      19,432
<TOTAL-LIABILITIES-AND-EQUITY>                 333,700
<INTEREST-LOAN>                                 14,131
<INTEREST-INVEST>                                2,685
<INTEREST-OTHER>                                   683
<INTEREST-TOTAL>                                17,499
<INTEREST-DEPOSIT>                               7,269
<INTEREST-EXPENSE>                               9,515
<INTEREST-INCOME-NET>                            7,894
<LOAN-LOSSES>                                       80
<SECURITIES-GAINS>                                  19
<EXPENSE-OTHER>                                  5,645
<INCOME-PRETAX>                                  3,627
<INCOME-PRE-EXTRAORDINARY>                       2,485
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,485
<EPS-PRIMARY>                                     1.50
<EPS-DILUTED>                                     1.50
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                        599
<LOANS-PAST>                                       280
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,604
<CHARGE-OFFS>                                        0
<RECOVERIES>                                        88
<ALLOWANCE-CLOSE>                                2,772
<ALLOWANCE-DOMESTIC>                             2,772
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0