<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  SEPTEMBER 30,
     2000 OF MAHASKA  INVESTMENT  COMPANY AND IS  QUALIFIED  IN ITS  ENTIRETY BY
     REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                                                0000741390
<NAME>                                               MAHASKA INVESTMENT COMPANY
<MULTIPLIER>                                         1,000

<S>                                                  <C>
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                    DEC-31-2000
<PERIOD-END>                                         SEP-30-2000
<CASH>                                               9,087
<INT-BEARING-DEPOSITS>                               1,899
<FED-FUNDS-SOLD>                                     1,260
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                               26,902
<INVESTMENTS-MARKET>                                 28,859
<LOANS>                                              315,932
<ALLOWANCE>                                          (3,325)
<TOTAL-ASSETS>                                       500,677
<DEPOSITS>                                           359,095
<SHORT-TERM>                                         88,618
<LIABILITIES-OTHER>                                  4,693
<LONG-TERM>                                          0
<COMMON>                                             24,564
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                           23,707
<TOTAL-LIABILITIES-AND-EQUITY>                       500,677
<INTEREST-LOAN>                                      18,669
<INTEREST-INVEST>                                    4,521
<INTEREST-OTHER>                                     5,837
<INTEREST-TOTAL>                                     29,027
<INTEREST-DEPOSIT>                                   11,167
<INTEREST-EXPENSE>                                   15,681
<INTEREST-INCOME-NET>                                13,346
<LOAN-LOSSES>                                        740
<SECURITIES-GAINS>                                   17
<EXPENSE-OTHER>                                      9,962
<INCOME-PRETAX>                                      4,492
<INCOME-PRE-EXTRAORDINARY>                           4,492
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                         3,011
<EPS-BASIC>                                          0.74
<EPS-DILUTED>                                        0.74
<YIELD-ACTUAL>                                       8.59
<LOANS-NON>                                          2,817
<LOANS-PAST>                                         532
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     (4,006)
<CHARGE-OFFS>                                        1,623
<RECOVERIES>                                         (202)
<ALLOWANCE-CLOSE>                                    (3,325)
<ALLOWANCE-DOMESTIC>                                 (3,325)
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              (3,325)


</TABLE>