<ARTICLE> 9
<RESTATED> 
<CIK> 0000920112
<NAME> HEARTLAND FINANCIAL USA, INC.
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-END>                               JUN-30-1997             JUN-30-1997
<CASH>                                          20,574                  20,574
<INT-BEARING-DEPOSITS>                           2,192                   2,192
<FED-FUNDS-SOLD>                                 9,268                   9,268
<TRADING-ASSETS>                                   000                     000
<INVESTMENTS-HELD-FOR-SALE>                    177,496                 177,496
<INVESTMENTS-CARRYING>                           5,832                   5,832
<INVESTMENTS-MARKET>                             5,926                   5,926
<LOANS>                                        539,261                 539,261
<ALLOWANCE>                                    (7,151)                 (7,151)
<TOTAL-ASSETS>                                 786,999                 786,999
<DEPOSITS>                                     595,063                 595,063
<SHORT-TERM>                                    76,041                  76,041
<LIABILITIES-OTHER>                              9,084                   9,084
<LONG-TERM>                                     34,175                  34,175
<PREFERRED-MANDATORY>                              000                     000
<PREFERRED>                                        000                     000
<COMMON>                                         4,854                   4,854
<OTHER-SE>                                      67,782                  67,782
<TOTAL-LIABILITIES-AND-EQUITY>                 786,999                 786,999
<INTEREST-LOAN>                                 11,686                  22,426
<INTEREST-INVEST>                                2,848                   5,726
<INTEREST-OTHER>                                   126                     206
<INTEREST-TOTAL>                                14,660                  28,358
<INTEREST-DEPOSIT>                               6,418                  12,414
<INTEREST-EXPENSE>                               7,870                  15,150
<INTEREST-INCOME-NET>                            6,790                  13,208
<LOAN-LOSSES>                                      374                     695
<SECURITIES-GAINS>                                 114                     407
<EXPENSE-OTHER>                                  5,779                  11,033
<INCOME-PRETAX>                                  2,409                   5,101
<INCOME-PRE-EXTRAORDINARY>                       1,655<F1>                   3,573<F1>
<EXTRAORDINARY>                                    000                     000
<CHANGES>                                          000                     000
<NET-INCOME>                                     1,655                   3,573
<EPS-PRIMARY>                                      .17<F2>                     .38<F2>
<EPS-DILUTED>                                      .17<F2>                     .37<F2>
<YIELD-ACTUAL>                                    3.89                    3.91
<LOANS-NON>                                      1,448                   1,448
<LOANS-PAST>                                       617                     617
<LOANS-TROUBLED>                                   000                     000
<LOANS-PROBLEM>                                    000                     000
<ALLOWANCE-OPEN>                                 6,853                   6,191
<CHARGE-OFFS>                                    (136)                   (174)
<RECOVERIES>                                        60                     108
<ALLOWANCE-CLOSE>                                7,151                   7,151
<ALLOWANCE-DOMESTIC>                             3,994                   3,994
<ALLOWANCE-FOREIGN>                                000                     000
<ALLOWANCE-UNALLOCATED>                          3,157                   3,157
<FN>
<F1>Restated to correct error
<F2>Restated to reflect implementation of FAS 128, Earnings per share and
two-for-one stock split
</FN>