<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FORM THE
SEPTEMBER 30, 1998 FORM 10-Q FOR QUAD CITY HOLDINGS, INC. AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-END>                               SEP-30-1998
<CASH>                                           7,698
<INT-BEARING-DEPOSITS>                          10,634
<FED-FUNDS-SOLD>                                27,150
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     32,238
<INVESTMENTS-CARRYING>                           2,176
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        176,372
<ALLOWANCE>                                      2,531
<TOTAL-ASSETS>                                 264,775
<DEPOSITS>                                     211,155
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                              5,132
<LONG-TERM>                                     31,582
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,520
<OTHER-SE>                                      18,385
<TOTAL-LIABILITIES-AND-EQUITY>                 264,775
<INTEREST-LOAN>                                  3,714
<INTEREST-INVEST>                                  508
<INTEREST-OTHER>                                   563
<INTEREST-TOTAL>                                 4,785
<INTEREST-DEPOSIT>                               2,238
<INTEREST-EXPENSE>                               2,693
<INTEREST-INCOME-NET>                            2,092
<LOAN-LOSSES>                                      252
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  2,302
<INCOME-PRETAX>                                    729
<INCOME-PRE-EXTRAORDINARY>                         439
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       439
<EPS-PRIMARY>                                      .29
<EPS-DILUTED>                                      .27
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,350
<CHARGE-OFFS>                                       71
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                2,531
<ALLOWANCE-DOMESTIC>                             2,531
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0