<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                          11,328
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     65,707
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        274,174
<ALLOWANCE>                                      3,032
<TOTAL-ASSETS>                                 358,364
<DEPOSITS>                                     254,650
<SHORT-TERM>                                    10,032
<LIABILITIES-OTHER>                              5,127
<LONG-TERM>                                     67,737
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           200
<OTHER-SE>                                      20,618
<TOTAL-LIABILITIES-AND-EQUITY>                 358,364
<INTEREST-LOAN>                                 15,667
<INTEREST-INVEST>                                2,696
<INTEREST-OTHER>                                   245
<INTEREST-TOTAL>                                18,608
<INTEREST-DEPOSIT>                               7,020
<INTEREST-EXPENSE>                              10,157
<INTEREST-INCOME-NET>                            8,451
<LOAN-LOSSES>                                      256
<SECURITIES-GAINS>                                   4
<EXPENSE-OTHER>                                  5,938
<INCOME-PRETAX>                                  3,735
<INCOME-PRE-EXTRAORDINARY>                       2,563
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,563
<EPS-BASIC>                                       1.67
<EPS-DILUTED>                                     1.67
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,787
<CHARGE-OFFS>                                       11
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                3,032
<ALLOWANCE-DOMESTIC>                             3,032
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0