<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER 31, 1998 FORM 10-Q OF QUAD CITY HOLDINGS, INC. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-END> DEC-31-1998 <CASH> 10,409 <INT-BEARING-DEPOSITS> 12,046 <FED-FUNDS-SOLD> 27,475 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 37,285 <INVESTMENTS-CARRYING> 1,803 <INVESTMENTS-MARKET> 1,803 <LOANS> 187,156 <ALLOWANCE> 2,629 <TOTAL-ASSETS> 285,783 <DEPOSITS> 231,409 <SHORT-TERM> 1,351 <LIABILITIES-OTHER> 4,471 <LONG-TERM> 28,020 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,281 <OTHER-SE> 18,251 <TOTAL-LIABILITIES-AND-EQUITY> 285,783 <INTEREST-LOAN> 7,631 <INTEREST-INVEST> 1,012 <INTEREST-OTHER> 1,092 <INTEREST-TOTAL> 9,735 <INTEREST-DEPOSIT> 4,492 <INTEREST-EXPENSE> 5,411 <INTEREST-INCOME-NET> 4,324 <LOAN-LOSSES> 426 <SECURITIES-GAINS> 366 <EXPENSE-OTHER> 4,678 <INCOME-PRETAX> 1,740 <INCOME-PRE-EXTRAORDINARY> 1,058 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,058 <EPS-PRIMARY> .46 <EPS-DILUTED> .44 <YIELD-ACTUAL> 0 <LOANS-NON> 989 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,350 <CHARGE-OFFS> 147 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 2,629 <ALLOWANCE-DOMESTIC> 2,629 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0