<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE QUARTERLY REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED
JUNE 30, 1997 OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000741390
<NAME> MAHASKA INVESTMENT CO.
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                           9,972
<INT-BEARING-DEPOSITS>                             748
<FED-FUNDS-SOLD>                                   675
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                          23,157
<INVESTMENTS-MARKET>                            23,099
<LOANS>                                        132,496
<ALLOWANCE>                                    (1,619)
<TOTAL-ASSETS>                                 254,447
<DEPOSITS>                                     205,659
<SHORT-TERM>                                    11,350
<LIABILITIES-OTHER>                              2,653
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        11,423
<OTHER-SE>                                      23,362
<TOTAL-LIABILITIES-AND-EQUITY>                 254,447
<INTEREST-LOAN>                                  2,998
<INTEREST-INVEST>                                  789
<INTEREST-OTHER>                                 2,004
<INTEREST-TOTAL>                                 5,791
<INTEREST-DEPOSIT>                               2,093
<INTEREST-EXPENSE>                               2,308
<INTEREST-INCOME-NET>                            3,483
<LOAN-LOSSES>                                       39
<SECURITIES-GAINS>                                 (8)
<EXPENSE-OTHER>                                  1,954
<INCOME-PRETAX>                                  1,912
<INCOME-PRE-EXTRAORDINARY>                       1,227
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,227
<EPS-PRIMARY>                                      .56
<EPS-DILUTED>                                      .56
<YIELD-ACTUAL>                                   10.04
<LOANS-NON>                                        878
<LOANS-PAST>                                       130
<LOANS-TROUBLED>                                   350
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               (1,578)
<CHARGE-OFFS>                                       10
<RECOVERIES>                                      (12)
<ALLOWANCE-CLOSE>                              (1,619)
<ALLOWANCE-DOMESTIC>                           (1,619)
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        (1,303)
        

</TABLE>