<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE JUNE 30, 1999 FORM 10-Q OF HILLS BANCORPORATION 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> 17,320 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 11,916 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 127,733 <INVESTMENTS-CARRYING> 19,076 <INVESTMENTS-MARKET> 19,318 <LOANS> 518,607 <ALLOWANCE> 9,227 <TOTAL-ASSETS> 719,455 <DEPOSITS> 545,008 <SHORT-TERM> 27,089 <LIABILITIES-OTHER> 4,643 <LONG-TERM> 75,132 <PREFERRED-MANDATORY> 10,269 <PREFERRED> 0 <COMMON> 9,785 <OTHER-SE> 47,529 <TOTAL-LIABILITIES-AND-EQUITY> 719,455 <INTEREST-LOAN> 19,878 <INTEREST-INVEST> 4,290 <INTEREST-OTHER> 357 <INTEREST-TOTAL> 24,525 <INTEREST-DEPOSIT> 10,278 <INTEREST-EXPENSE> 12,592 <INTEREST-INCOME-NET> 11,933 <LOAN-LOSSES> 408 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 8,844 <INCOME-PRETAX> 6,013 <INCOME-PRE-EXTRAORDINARY> 4,160 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,160 <EPS-BASIC> 2.80 <EPS-DILUTED> 2.78 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 1,749 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 9,413 <ALLOWANCE-OPEN> 8,856 <CHARGE-OFFS> 37 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 9,227 <ALLOWANCE-DOMESTIC> 9,227 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0