Iowa State Bank 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Abbott Laboratories	Com	002824100	283,022	2,795	SH		SOLE	0	2,795	0	0
Abbvie Inc	Com	00287Y109	9,427,692	59,156	SH		SOLE	0	59,156	0	0
Abbvie Inc	Com	00287Y109	9,562	60	SH		DFND	0	60	0	0
Alliant Energy Corp	Com	018802108	203,721	3,815	SH		SOLE	0	3,815	0	0
Alphabet Inc Class A	Com	02079K305	5,212,433	50,250	SH		SOLE	0	50,250	0	0
Alphabet Inc Class A	Com	02079K305	4,149	40	SH		DFND	0	40	0	0
Amazon Inc	Com	023135106	4,877,560	47,222	SH		SOLE	0	47,222	0	0
Amazon Inc	Com	023135106	10,329	100	SH		DFND	0	100	0	0
American Tower Corp REIT	Com	03027X100	3,400,422	16,641	SH		SOLE	0	16,641	0	0
American Tower Corp REIT	Com	03027X100	7,356	36	SH		DFND	0	36	0	0
Amgen Inc	Com	031162100	2,989,239	12,365	SH		SOLE	0	12,365	0	0
Apple Inc	Com	037833100	13,967,525	84,703	SH		SOLE	0	84,703	0	0
Apple Inc	Com	037833100	6,596	40	SH		DFND	0	40	0	0
Archer-Daniels-Midland Co	Com	039483102	254,115	3,190	SH		SOLE	0	3,190	0	0
Bank of America Corp	Com	060505104	279,422	9,770	SH		SOLE	0	9,770	0	0
Berkshire Hathaway Inc Cl A	Com	084670108	3,259,200	7	SH		SOLE	0	7	0	0
Berkshire Hathaway Inc Cl B	Com	084670702	5,907,388	19,132	SH		SOLE	0	19,082	0	50
BlackRock Inc	Com	09247X101	2,369,354	3,541	SH		SOLE	0	3,541	0	0
BlackRock Enhanced Equity Dividend Trust	Com	09251A104	160,350	18,667	SH		SOLE	0	18,667	0	0
Boeing Co	Com	097023105	351,572	1,655	SH		SOLE	0	1,655	0	0
Bristol-Myers Squibb Corp	Com	110122108	4,156,313	59,967	SH		SOLE	0	59,967	0	0
CVS Health Corporation	Com	126650100	4,260,192	57,330	SH		SOLE	0	57,330	0	0
CVS Health Corporation	Com	126650100	6,391	86	SH		DFND	0	86	0	0
Cardinal Health Inc	Com	14149Y108	2,580,892	34,184	SH		SOLE	0	34,184	0	0
Cardinal Health Inc	Com	14149Y108	4,606	61	SH		DFND	0	61	0	0
Caterpillar Inc	Com	149123101	3,424,819	14,966	SH		SOLE	0	14,966	0	0
Chemed Corp	Com	16359R103	564,638	1,050	SH		SOLE	0	1,050	0	0
Chevron Corp	Com	166764100	9,161,108	56,148	SH		SOLE	0	56,148	0	0
Chevron Corp	Com	166764100	4,895	30	SH		DFND	0	30	0	0
Cisco Systems Inc	Com	17275R102	8,776,973	167,900	SH		SOLE	0	167,900	0	0
Cognizant Technology Solutions Cl A	Com	192446102	2,512,388	41,234	SH		SOLE	0	41,234	0	0
Cognizant Technology Solutions Cl A	Com	192446102	4,265	70	SH		DFND	0	70	0	0
Comcast Corp New Cl A	Com	20030N101	3,061,839	80,766	SH		SOLE	0	80,766	0	0
ConocoPhillips	Com	20825C104	1,382,095	13,931	SH		SOLE	0	13,931	0	0
Consolidated Edison Inc	Com	209115104	332,549	3,476	SH		SOLE	0	3,476	0	0
Digital Realty Trust Inc	Com	253868103	1,873,592	19,058	SH		SOLE	0	19,058	0	0
Digital Realty Trust Inc	Com	253868103	9,831	100	SH		DFND	0	100	0	0
Walt Disney Company	Com	254687106	2,484,526	24,813	SH		SOLE	0	24,813	0	0
Walt Disney Company	Com	254687106	3,004	30	SH		DFND	0	30	0	0
Dollar Tree Inc	Com	256746108	3,786,849	26,380	SH		SOLE	0	26,380	0	0
Dow Inc	Com	260557103	2,259,187	41,211	SH		SOLE	0	41,211	0	0
Dow Inc	Com	260557103	2,193	40	SH		DFND	0	40	0	0
Duke Energy Corp	Com	26441C204	2,422,265	25,109	SH		SOLE	0	25,109	0	0
Duke Energy Corp	Com	26441C204	12,541	130	SH		DFND	0	130	0	0
Du Pont De Nemours Inc	Com	26614N102	2,314,224	32,245	SH		SOLE	0	32,245	0	0
EOG Resources Inc	Com	26875P101	3,343,299	29,166	SH		SOLE	0	29,166	0	0
EOG Resources Inc	Com	26875P101	4,585	40	SH		DFND	0	40	0	0
Ecolab Inc	Com	278865100	329,074	1,988	SH		SOLE	0	1,988	0	0
Ecolab Inc	Com	278865100	3,311	20	SH		DFND	0	20	0	0
Emerson Electric Co	Com	291011104	7,377,360	84,661	SH		SOLE	0	84,661	0	0
Emerson Electric Co	Com	291011104	8,714	100	SH		DFND	0	100	0	0
Exelon Corp	Com	30161N101	2,256,949	53,878	SH		SOLE	0	53,878	0	0
Exxon Mobil Corp	Com	30231G102	6,506,018	59,329	SH		SOLE	0	59,329	0	0
Meta Platforms Inc	Com	30303M102	3,858,368	18,205	SH		SOLE	0	18,205	0	0
Meta Platforms Inc	Com	30303M102	2,119	10	SH		DFND	0	10	0	0
Freeport-McMoran, Inc	Com	35671D857	2,046,277	50,019	SH		SOLE	0	50,019	0	0
Gilead Sciences Inc	Com	375558103	3,316,560	39,973	SH		SOLE	0	39,973	0	0
The Hershey Company	Com	427866108	569,115	2,237	SH		SOLE	0	2,237	0	0
Home Depot Inc	Com	437076102	610,308	2,068	SH		SOLE	0	2,068	0	0
Honeywell Intl Inc	Com	438516106	1,605,981	8,403	SH		SOLE	0	8,403	0	0
Illinois Tool Works Inc	Com	452308109	247,589	1,017	SH		SOLE	0	1,017	0	0
ING Groep NV ADR	Com	456837103	671,735	56,591	SH		SOLE	0	56,591	0	0
Intercontinental Exchange Inc	Com	45866F104	3,751,416	35,971	SH		SOLE	0	35,971	0	0
Intercontinental Exchange Inc	Com	45866F104	3,129	30	SH		DFND	0	30	0	0
IBM Corp	Com	459200101	3,553,588	27,108	SH		SOLE	0	27,108	0	0
Invesco QQQ Trust	Com	46090E103	939,362	2,927	SH		SOLE	0	2,927	0	0
Invesco Preferred ETF	Com	46138E511	15,916,216	1,386,430	SH		SOLE	0	1,383,176	3,254	0
Invesco Preferred ETF	Com	46138E511	66,791	5,818	SH		DFND	0	5,818	0	0
Invesco BulletShares 2027 Corporate Bond ETF	Com	46138J783	274,092	14,198	SH		SOLE	0	14,198	0	0
Invesco BulletShares 2026 Corporate Bond ETF	Com	46138J791	303,514	15,841	SH		SOLE	0	15,841	0	0
Invesco BulletShares 2025 Corporate Bond ETF	Com	46138J825	388,504	19,157	SH		SOLE	0	19,157	0	0
Invesco BulletShares 2024 Corporate Bond ETF	Com	46138J841	385,342	18,715	SH		SOLE	0	18,715	0	0
iShares Core S&P 500 ETF	Com	464287200	1,004,268	2,443	SH		SOLE	0	2,443	0	0
iShares Core U.S. Agg Bond ETF	Com	464287226	2,965,486	29,762	SH		SOLE	0	29,762	0	0
iShares Core S&P Mid-Cap 400 Index ETF	Com	464287507	16,701,682	66,764	SH		SOLE	0	66,764	0	0
iShares Core S&P Small-Cap 600 ETF	Com	464287804	9,204,776	95,189	SH		SOLE	0	95,189	0	0
Ishares Dow Jones US Health Care Prov Index	Com	464288828	494,420	2,000	SH		SOLE	0	2,000	0	0
iShares Tr MSCI USA Minimum Volatility ETF	Com	46429B697	1,120,341	15,402	SH		SOLE	0	15,402	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	17,953,570	268,565	SH		SOLE	0	268,565	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	7,704,868	157,919	SH		SOLE	0	157,919	0	0
iShares iBonds 2028 Term Corp ETF	Com	46435U515	361,605	14,499	SH		SOLE	0	14,499	0	0
JP Morgan Chase & Co	Com	46625H100	10,210,049	78,352	SH		SOLE	0	78,352	0	0
JP Morgan Chase & Co	Com	46625H100	5,212	40	SH		DFND	0	40	0	0
Johnson & Johnson	Com	478160104	6,028,570	38,894	SH		SOLE	0	38,894	0	0
Estee Lauder Companies Inc	Com	518439104	1,299,091	5,271	SH		SOLE	0	5,271	0	0
Eli Lilly & Co	Com	532457108	388,065	1,130	SH		SOLE	0	1,130	0	0
Lowes Companies Inc	Com	548661107	3,036,544	15,185	SH		SOLE	0	15,185	0	0
Masco Corp	Com	574599106	3,659,839	73,609	SH		SOLE	0	73,609	0	0
McDonalds Corp	Com	580135101	3,729,159	13,337	SH		SOLE	0	13,337	0	0
McDonalds Corp	Com	580135101	8,388	30	SH		DFND	0	30	0	0
Merck & Co Inc	Com	58933Y105	3,505,019	32,945	SH		SOLE	0	32,945	0	0
MetLife Inc	Com	59156R108	3,305,245	57,046	SH		SOLE	0	57,046	0	0
Microsoft Corp	Com	594918104	13,550,100	47,000	SH		SOLE	0	47,000	0	0
Mondelez International Inc	Com	609207105	2,472,132	35,458	SH		SOLE	0	35,458	0	0
Morgan Stanley	Com	617446448	5,787,688	65,919	SH		SOLE	0	65,919	0	0
Nike Inc Class B	Com	654106103	1,509,208	12,306	SH		SOLE	0	12,306	0	0
Omnicom Group	Com	681919106	2,266,519	24,025	SH		SOLE	0	24,025	0	0
Oracle Corp	Com	68389X105	4,882,296	52,543	SH		SOLE	0	52,543	0	0
Otter Tail Corporation	Com	689648103	491,147	6,796	SH		SOLE	0	6,796	0	0
Pepsico Inc	Com	713448108	8,292,462	45,488	SH		SOLE	0	45,488	0	0
Pfizer Inc	Com	717081103	7,894,474	193,492	SH		SOLE	0	193,492	0	0
Pfizer Inc	Com	717081103	6,569	161	SH		DFND	0	161	0	0
Principal Financial Group	Com	74251V102	3,051,728	41,062	SH		SOLE	0	41,062	0	0
Procter & Gamble Co	Com	742718109	7,743,180	52,076	SH		SOLE	0	52,076	0	0
Procter & Gamble Co	Com	742718109	14,869	100	SH		DFND	0	100	0	0
Prudential Financial	Com	744320102	5,405,983	65,337	SH		SOLE	0	65,337	0	0
Prudential Financial	Com	744320102	2,482	30	SH		DFND	0	30	0	0
QUALCOMM Inc	Com	747525103	2,575,457	20,187	SH		SOLE	0	20,187	0	0
QUALCOMM Inc	Com	747525103	11,482	90	SH		DFND	0	90	0	0
SPDR S&P 500 ETF	Com	78462F103	5,394,123	13,176	SH		SOLE	0	13,176	0	0
SPDR Gold Shares	Com	78463V107	266,952	1,457	SH		SOLE	0	1,457	0	0
SPDR MSCI ACWI ex-US ETF	Com	78463X848	1,427,681	55,487	SH		SOLE	0	55,487	0	0
SPDR S&P 500 Growth ETF	Com	78464A409	2,064,098	37,285	SH		SOLE	0	37,285	0	0
SPDR S&P 500 Value ETF	Com	78464A508	301,328	7,400	SH		SOLE	0	7,400	0	0
SPDR Dow Jones Industrial Average	Com	78467X109	4,946,059	14,870	SH		SOLE	0	14,870	0	0
SPDR Portfolio High Yield Bond ETF	Com	78468R606	2,079,759	90,503	SH		SOLE	0	90,503	0	0
SPDR SSGA US Low Volatility Index ETF	Com	78468R804	563,342	4,118	SH		SOLE	0	4,118	0	0
Salesforce Inc	Com	79466L302	4,828,483	24,169	SH		SOLE	0	24,169	0	0
Salesforce Inc	Com	79466L302	9,989	50	SH		DFND	0	50	0	0
Health Care Select Sector SPDR ETF	Com	81369Y209	258,920	2,000	SH		SOLE	0	2,000	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	267,955	3,235	SH		SOLE	0	3,235	0	0
Skyworks Solutions	Com	83088M102	2,510,378	21,278	SH		SOLE	0	21,278	0	0
Sprott Physical Silver Trust	Com	85207K107	542,100	65,000	SH		SOLE	0	65,000	0	0
Starbucks Corporation	Com	855244109	3,379,123	32,451	SH		SOLE	0	32,451	0	0
Starbucks Corporation	Com	855244109	2,083	20	SH		DFND	0	20	0	0
Sysco Corp	Com	871829107	3,203,269	41,477	SH		SOLE	0	41,477	0	0
Target Corp	Com	87612E106	1,826,402	11,027	SH		SOLE	0	11,027	0	0
Truist Financial Corp	Com	89832Q109	2,159,348	63,324	SH		SOLE	0	63,324	0	0
United Parcel Service	Com	911312106	15,793,114	81,412	SH		SOLE	0	70,512	0	10,900
United Parcel Service	Com	911312106	19,399	100	SH		DFND	0	100	0	0
Vanguard Dividend Appreciation ETF	Com	921908844	202,523	1,315	SH		SOLE	0	1,315	0	0
Vanguard Russell 2000 Index Fund Instl	Com	92206C656	5,200,903	18,843	SH		SOLE	0	18,832	12	0
Vanguard Russell 2000 Index Fund Instl	Com	92206C656	1,716	6	SH		DFND	0	6	0	0
Vanguard Total Stock Market	Com	922908769	205,733	1,008	SH		SOLE	0	1,008	0	0
Paramount Global Class B	Com	92556H206	2,036,613	91,287	SH		SOLE	0	91,287	0	0
Visa Inc	Com	92826C839	4,318,461	19,154	SH		SOLE	0	19,154	0	0
Visa Inc	Com	92826C839	5,637	25	SH		DFND	0	25	0	0
Wal-Mart Stores Inc	Com	931142103	453,409	3,075	SH		SOLE	0	3,075	0	0
Wells Fargo & Co	Com	949746101	442,093	11,827	SH		SOLE	0	11,827	0	0
Yum Brands Inc	Com	988498101	2,666,431	20,188	SH		SOLE	0	20,188	0	0
Eaton Corp PLC	Com	G29183103	4,121,755	24,056	SH		SOLE	0	24,056	0	0
Eaton Corp PLC	Com	G29183103	16,277	95	SH		DFND	0	95	0	0
Linde Plc	Com	G54950103	2,108,115	5,931	SH		SOLE	0	5,931	0	0