WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 <C>

                                   Exhibit 27
                  Mahaska Investment Company and Subsidiaries

                          Article 9 of Regulation S-X

<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, 2000
        OF MAHASKA INVESTMENT COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY
        REFERENCE TO SUCH FINANCIAL STATEMENTS.

<CIK>                        0000741390
<NAME>       MAHASKA INVESTMENT COMPANY
<MULTIPLIER>                      1,000

                               
<PERIOD-TYPE>                     3-MOS
<FISCAL-YEAR-END>           DEC-31-2000
<PERIOD-END>                JUN-30-2000
<CASH>                            9,324
<INT-BEARING-DEPOSITS>            1,063
<FED-FUNDS-SOLD>                  1,620
<TRADING-ASSETS>                      0
<INVESTMENTS-HELD-FOR-SALE>           0
<INVESTMENTS-CARRYING>           27,641
<INVESTMENTS-MARKET>             27,465
<LOANS>                         305,249
<ALLOWANCE>                      (3,616)
<TOTAL-ASSETS>                  494,243
<DEPOSITS>                      349,097
<SHORT-TERM>                     93,286
<LIABILITIES-OTHER>               4,363
<LONG-TERM>                           0
<COMMON>                         24,564
<PREFERRED-MANDATORY>                 0
<PREFERRED>                           0
<OTHER-SE>                       22,933
<TOTAL-LIABILITIES-AND-EQUITY>  494,243
<INTEREST-LOAN>                  12,035
<INTEREST-INVEST>                 3,013
<INTEREST-OTHER>                  4,094
<INTEREST-TOTAL>                 19,142
<INTEREST-DEPOSIT>                7,271
<INTEREST-EXPENSE>               10,127
<INTEREST-INCOME-NET>             9,015
<LOAN-LOSSES>                       421
<SECURITIES-GAINS>                  (17)
<EXPENSE-OTHER>                   6,701
<INCOME-PRETAX>                   3,151
<INCOME-PRE-EXTRAORDINARY>        3,151
<EXTRAORDINARY>                       0
<CHANGES>                             0
<NET-INCOME>                      2,084
<EPS-BASIC>                        0.50
<EPS-DILUTED>                      0.50
<YIELD-ACTUAL>                     8.59
<LOANS-NON>                       2,887
<LOANS-PAST>                      1,709
<LOANS-TROUBLED>                      0
<LOANS-PROBLEM>                       0
<ALLOWANCE-OPEN>                 (4,006)
<CHARGE-OFFS>                     1,009
<RECOVERIES>                       (198)
<ALLOWANCE-CLOSE>                (3,616)
<ALLOWANCE-DOMESTIC>             (3,616)
<ALLOWANCE-FOREIGN>                   0
<ALLOWANCE-UNALLOCATED>          (3,616)