UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


 Date of Report                                                 July 26, 2005
(Date of earliest event reported)                               July 26, 2005

                           Iowa First Bancshares Corp.
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             (Exact name of Registrant as specified in its charter)

                                      Iowa
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                 (State or other jurisdiction of incorporation)

        2-89283                                        42-1211285
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(Commission File Number)                (I.R.S. Employer Identification Number)

                  300 East Second Street, Muscatine, Iowa 52761
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               (Address of principal executive offices) (Zip Code)

                                 (563) 263-4221
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              (Registrant's telephone number, including area code)

                                 Not Applicable
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          (Former name or former address, if changed since last report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

     [ ] Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

     [ ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

     [ ] Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

     [ ] Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))





Item 2.02.        Results of Operations and Financial Condition

On July 26, 2005, Iowa First Bancshares Corp.  issued a News Release  announcing
its earnings for the quarter  ended June 30, 2005. A copy of the News Release is
attached hereto as Exhibit 99.1.

Item 9.01.  Financial Statements and Exhibits

Exhibit No.                                          Description
-----------                                          -----------
99.1                                        News Release dated July 26, 2005


                           Exhibit Index

Exhibit No.                                          Description
-----------                                          -----------
99.1                                        News Release dated July 26, 2005




                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                       IOWA FIRST BANCSHARES CORP.


Dated:  July 26, 2005                  By:  /s/ Kim K. Bartling                 
                                           -------------------------------------
                                           Kim K. Bartling
                                           Executive Vice President,
                                           Chief Operating Officer and Treasurer