<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1999 FORM 10-Q OF IOWA FIRST BANCSHARES CORP. AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          10,470
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                   900
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     66,789
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        267,059
<ALLOWANCE>                                      2,913
<TOTAL-ASSETS>                                 352,168
<DEPOSITS>                                     261,114
<SHORT-TERM>                                    11,050
<LIABILITIES-OTHER>                              1,934
<LONG-TERM>                                     57,490
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      20,380
<TOTAL-LIABILITIES-AND-EQUITY>                 352,168
<INTEREST-LOAN>                                 10,230
<INTEREST-INVEST>                                1,755
<INTEREST-OTHER>                                   239
<INTEREST-TOTAL>                                12,224
<INTEREST-DEPOSIT>                               4,694
<INTEREST-EXPENSE>                               6,670
<INTEREST-INCOME-NET>                            5,554
<LOAN-LOSSES>                                      166
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  3,885
<INCOME-PRETAX>                                  2,448
<INCOME-PRE-EXTRAORDINARY>                       1,684
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,684
<EPS-BASIC>                                     1.10
<EPS-DILUTED>                                     1.10
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                        559
<LOANS-PAST>                                       749
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,787
<CHARGE-OFFS>                                       40
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                2,913
<ALLOWANCE-DOMESTIC>                             2,913
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0