<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