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	279,636	2,565	SH		SOLE	0	2,565	0	0
Abbvie Inc	Com	00287Y109	7,777,559	57,727	SH		SOLE	0	57,727	0	0
Abbvie Inc	Com	00287Y109	8,084	60	SH		DFND	0	60	0	0
Alphabet Inc Class A	Com	02079K305	5,832,263	48,724	SH		SOLE	0	48,724	0	0
Alphabet Inc Class A	Com	02079K305	4,788	40	SH		DFND	0	40	0	0
Amazon Inc	Com	023135106	5,948,457	45,631	SH		SOLE	0	45,631	0	0
Amazon Inc	Com	023135106	13,036	100	SH		DFND	0	100	0	0
American Tower Corp REIT	Com	03027X100	3,120,689	16,091	SH		SOLE	0	16,091	0	0
American Tower Corp REIT	Com	03027X100	6,982	36	SH		DFND	0	36	0	0
Amgen Inc	Com	031162100	2,463,534	11,096	SH		SOLE	0	11,096	0	0
Apple Inc	Com	037833100	16,194,361	83,489	SH		SOLE	0	83,489	0	0
Apple Inc	Com	037833100	7,759	40	SH		DFND	0	40	0	0
Bank of America Corp	Com	060505104	280,301	9,770	SH		SOLE	0	9,770	0	0
Berkshire Hathaway Inc Cl A	Com	084670108	3,624,670	7	SH		SOLE	0	7	0	0
Berkshire Hathaway Inc Cl B	Com	084670702	6,494,345	19,045	SH		SOLE	0	18,995	0	50
BlackRock Inc	Com	09247X101	2,403,785	3,478	SH		SOLE	0	3,478	0	0
BlackRock Enhanced Equity Dividend Trust	Com	09251A104	155,683	18,667	SH		SOLE	0	18,667	0	0
Boeing Co	Com	097023105	344,191	1,630	SH		SOLE	0	1,630	0	0
Bristol-Myers Squibb Corp	Com	110122108	3,765,376	58,880	SH		SOLE	0	58,880	0	0
CVS Health Corporation	Com	126650100	3,852,200	55,724	SH		SOLE	0	55,724	0	0
CVS Health Corporation	Com	126650100	5,945	86	SH		DFND	0	86	0	0
Cardinal Health Inc	Com	14149Y108	3,128,092	33,077	SH		SOLE	0	33,077	0	0
Cardinal Health Inc	Com	14149Y108	5,769	61	SH		DFND	0	61	0	0
Caterpillar Inc	Com	149123101	3,512,610	14,276	SH		SOLE	0	14,276	0	0
Chemed Corp	Com	16359R103	541,670	1,000	SH		SOLE	0	1,000	0	0
Chevron Corp	Com	166764100	8,471,724	53,840	SH		SOLE	0	53,840	0	0
Chevron Corp	Com	166764100	4,721	30	SH		DFND	0	30	0	0
Cisco Systems Inc	Com	17275R102	8,513,610	164,546	SH		SOLE	0	164,546	0	0
Cognizant Technology Solutions Cl A	Com	192446102	2,609,829	39,979	SH		SOLE	0	39,979	0	0
Cognizant Technology Solutions Cl A	Com	192446102	4,570	70	SH		DFND	0	70	0	0
Comcast Corp New Cl A	Com	20030N101	3,321,258	79,934	SH		SOLE	0	79,934	0	0
ConocoPhillips	Com	20825C104	1,872,129	18,069	SH		SOLE	0	18,069	0	0
Consolidated Edison Inc	Com	209115104	241,910	2,676	SH		SOLE	0	2,676	0	0
Digital Realty Trust Inc	Com	253868103	2,105,229	18,488	SH		SOLE	0	18,488	0	0
Digital Realty Trust Inc	Com	253868103	11,387	100	SH		DFND	0	100	0	0
Walt Disney Company	Com	254687106	2,115,311	23,693	SH		SOLE	0	23,693	0	0
Walt Disney Company	Com	254687106	2,678	30	SH		DFND	0	30	0	0
Dollar Tree Inc	Com	256746108	3,671,448	25,585	SH		SOLE	0	25,585	0	0
Dow Inc	Com	260557103	2,201,129	41,328	SH		SOLE	0	41,328	0	0
Dow Inc	Com	260557103	2,130	40	SH		DFND	0	40	0	0
Duke Energy Corp	Com	26441C204	2,222,591	24,767	SH		SOLE	0	24,767	0	0
Duke Energy Corp	Com	26441C204	11,666	130	SH		DFND	0	130	0	0
Du Pont De Nemours Inc	Com	26614N102	2,283,080	31,958	SH		SOLE	0	31,958	0	0
EOG Resources Inc	Com	26875P101	3,140,119	27,439	SH		SOLE	0	27,439	0	0
EOG Resources Inc	Com	26875P101	4,578	40	SH		DFND	0	40	0	0
Ecolab Inc	Com	278865100	326,521	1,749	SH		SOLE	0	1,749	0	0
Ecolab Inc	Com	278865100	3,734	20	SH		DFND	0	20	0	0
Emerson Electric Co	Com	291011104	7,440,724	82,318	SH		SOLE	0	82,318	0	0
Emerson Electric Co	Com	291011104	9,039	100	SH		DFND	0	100	0	0
Exelon Corp	Com	30161N101	2,171,727	53,307	SH		SOLE	0	53,307	0	0
Exxon Mobil Corp	Com	30231G102	5,899,823	55,010	SH		SOLE	0	55,010	0	0
Meta Platforms Inc	Com	30303M102	5,130,341	17,877	SH		SOLE	0	17,877	0	0
Meta Platforms Inc	Com	30303M102	2,870	10	SH		DFND	0	10	0	0
Freeport-McMoran, Inc	Com	35671D857	1,929,120	48,228	SH		SOLE	0	48,228	0	0
Gilead Sciences Inc	Com	375558103	3,031,163	39,330	SH		SOLE	0	39,330	0	0
The Hershey Company	Com	427866108	558,579	2,237	SH		SOLE	0	2,237	0	0
Home Depot Inc	Com	437076102	642,404	2,068	SH		SOLE	0	2,068	0	0
Honeywell Intl Inc	Com	438516106	1,551,063	7,475	SH		SOLE	0	7,475	0	0
ING Groep NV ADR	Com	456837103	762,281	56,591	SH		SOLE	0	56,591	0	0
Intercontinental Exchange Inc	Com	45866F104	3,574,233	31,608	SH		SOLE	0	31,608	0	0
Intercontinental Exchange Inc	Com	45866F104	3,392	30	SH		DFND	0	30	0	0
IBM Corp	Com	459200101	3,524,689	26,341	SH		SOLE	0	26,341	0	0
Invesco QQQ Trust	Com	46090E103	1,112,324	3,011	SH		SOLE	0	3,011	0	0
Invesco Preferred ETF	Com	46138E511	16,109,414	1,416,835	SH		SOLE	0	1,413,581	3,254	0
Invesco Preferred ETF	Com	46138E511	66,151	5,818	SH		DFND	0	5,818	0	0
Invesco BulletShares 2027 Corporate Bond ETF	Com	46138J783	247,179	12,992	SH		SOLE	0	12,992	0	0
Invesco BulletShares 2026 Corporate Bond ETF	Com	46138J791	271,596	14,336	SH		SOLE	0	14,336	0	0
Invesco BulletShares 2025 Corporate Bond ETF	Com	46138J825	275,560	13,689	SH		SOLE	0	13,689	0	0
Invesco BulletShares 2024 Corporate Bond ETF	Com	46138J841	261,383	12,707	SH		SOLE	0	12,707	0	0
iShares Core S&P 500 ETF	Com	464287200	1,231,497	2,763	SH		SOLE	0	2,763	0	0
iShares Core U.S. Agg Bond ETF	Com	464287226	3,061,329	31,254	SH		SOLE	0	31,254	0	0
iShares Core S&P Mid-Cap 400 Index ETF	Com	464287507	17,204,338	65,796	SH		SOLE	0	65,796	0	0
iShares Core S&P Small-Cap 600 ETF	Com	464287804	9,498,538	95,319	SH		SOLE	0	95,319	0	0
Ishares Dow Jones US Health Care Prov Index	Com	464288828	511,600	2,000	SH		SOLE	0	2,000	0	0
iShares Tr MSCI USA Minimum Volatility ETF	Com	46429B697	970,304	13,054	SH		SOLE	0	13,054	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	17,989,695	266,514	SH		SOLE	0	266,514	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	7,777,765	157,796	SH		SOLE	0	157,796	0	0
iShares iBonds 2028 Term Corp ETF	Com	46435U515	242,330	9,891	SH		SOLE	0	9,891	0	0
JP Morgan Chase & Co	Com	46625H100	11,126,305	76,501	SH		SOLE	0	76,501	0	0
JP Morgan Chase & Co	Com	46625H100	5,818	40	SH		DFND	0	40	0	0
Johnson & Johnson	Com	478160104	6,309,953	38,122	SH		SOLE	0	38,122	0	0
Estee Lauder Companies Inc	Com	518439104	998,592	5,085	SH		SOLE	0	5,085	0	0
Eli Lilly & Co	Com	532457108	529,947	1,130	SH		SOLE	0	1,130	0	0
Lowes Companies Inc	Com	548661107	3,394,077	15,038	SH		SOLE	0	15,038	0	0
Masco Corp	Com	574599106	4,109,613	71,621	SH		SOLE	0	71,621	0	0
McDonalds Corp	Com	580135101	3,873,660	12,981	SH		SOLE	0	12,981	0	0
McDonalds Corp	Com	580135101	8,952	30	SH		DFND	0	30	0	0
Merck & Co Inc	Com	58933Y105	3,755,714	32,548	SH		SOLE	0	32,548	0	0
MetLife Inc	Com	59156R108	3,118,930	55,173	SH		SOLE	0	55,173	0	0
Microsoft Corp	Com	594918104	15,664,159	45,998	SH		SOLE	0	45,998	0	0
Mondelez International Inc	Com	609207105	2,536,999	34,782	SH		SOLE	0	34,782	0	0
Morgan Stanley	Com	617446448	5,470,639	64,059	SH		SOLE	0	64,059	0	0
Nike Inc Class B	Com	654106103	1,308,657	11,857	SH		SOLE	0	11,857	0	0
NVIDIA Corp	Com	67066G104	1,673,044	3,955	SH		SOLE	0	3,955	0	0
Omnicom Group	Com	681919106	2,262,857	23,782	SH		SOLE	0	23,782	0	0
Oracle Corp	Com	68389X105	4,545,427	38,168	SH		SOLE	0	38,168	0	0
Otter Tail Corporation	Com	689648103	536,612	6,796	SH		SOLE	0	6,796	0	0
Pepsico Inc	Com	713448108	8,235,437	44,463	SH		SOLE	0	44,463	0	0
Pfizer Inc	Com	717081103	6,705,728	182,817	SH		SOLE	0	182,817	0	0
Pfizer Inc	Com	717081103	5,905	161	SH		DFND	0	161	0	0
Principal Financial Group	Com	74251V102	3,132,040	41,298	SH		SOLE	0	41,298	0	0
Procter & Gamble Co	Com	742718109	7,702,474	50,761	SH		SOLE	0	50,761	0	0
Procter & Gamble Co	Com	742718109	15,174	100	SH		DFND	0	100	0	0
Prudential Financial	Com	744320102	5,598,088	63,456	SH		SOLE	0	63,456	0	0
Prudential Financial	Com	744320102	2,647	30	SH		DFND	0	30	0	0
QUALCOMM Inc	Com	747525103	2,340,207	19,659	SH		SOLE	0	19,659	0	0
QUALCOMM Inc	Com	747525103	10,714	90	SH		DFND	0	90	0	0
SPDR S&P 500 ETF	Com	78462F103	5,798,102	13,080	SH		SOLE	0	13,080	0	0
SPDR Gold Shares	Com	78463V107	268,653	1,507	SH		SOLE	0	1,507	0	0
SPDR MSCI ACWI ex-US ETF	Com	78463X848	1,263,882	48,369	SH		SOLE	0	48,369	0	0
SPDR S&P 500 Growth ETF	Com	78464A409	2,291,963	37,567	SH		SOLE	0	37,567	0	0
SPDR S&P 500 Value ETF	Com	78464A508	319,680	7,400	SH		SOLE	0	7,400	0	0
SPDR Dow Jones Industrial Average	Com	78467X109	5,113,050	14,870	SH		SOLE	0	14,870	0	0
SPDR Portfolio High Yield Bond ETF	Com	78468R606	2,108,201	92,303	SH		SOLE	0	92,303	0	0
SPDR SSGA US Low Volatility Index ETF	Com	78468R804	694,334	4,938	SH		SOLE	0	4,938	0	0
Salesforce Inc	Com	79466L302	4,975,173	23,550	SH		SOLE	0	23,550	0	0
Salesforce Inc	Com	79466L302	10,563	50	SH		DFND	0	50	0	0
Health Care Select Sector SPDR ETF	Com	81369Y209	365,008	2,750	SH		SOLE	0	2,750	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	262,585	3,235	SH		SOLE	0	3,235	0	0
Skyworks Solutions	Com	83088M102	2,226,419	20,114	SH		SOLE	0	20,114	0	0
Sprott Physical Silver Trust	Com	85207K107	662,150	85,000	SH		SOLE	0	85,000	0	0
Starbucks Corporation	Com	855244109	3,131,386	31,611	SH		SOLE	0	31,611	0	0
Starbucks Corporation	Com	855244109	1,981	20	SH		DFND	0	20	0	0
Sysco Corp	Com	871829107	3,028,102	40,810	SH		SOLE	0	40,810	0	0
Target Corp	Com	87612E106	1,380,861	10,469	SH		SOLE	0	10,469	0	0
Truist Financial Corp	Com	89832Q109	1,853,869	61,083	SH		SOLE	0	61,083	0	0
United Parcel Service	Com	911312106	14,406,502	80,371	SH		SOLE	0	69,471	0	10,900
United Parcel Service	Com	911312106	17,925	100	SH		DFND	0	100	0	0
Vanguard Dividend Appreciation ETF	Com	921908844	213,595	1,315	SH		SOLE	0	1,315	0	0
Vanguard Total Stock Market	Com	922908769	442,322	2,008	SH		SOLE	0	2,008	0	0
Verizon Communications Inc	Com	92343V104	1,412,067	37,969	SH		SOLE	0	37,969	0	0
Visa Inc	Com	92826C839	4,376,044	18,427	SH		SOLE	0	18,427	0	0
Visa Inc	Com	92826C839	5,937	25	SH		DFND	0	25	0	0
Wal-Mart Stores Inc	Com	931142103	491,188	3,125	SH		SOLE	0	3,125	0	0
Wells Fargo & Co	Com	949746101	502,429	11,772	SH		SOLE	0	11,772	0	0
West Bancorporation Inc	Com	95123P106	224,418	12,190	SH		SOLE	0	12,190	0	0
Yum Brands Inc	Com	988498101	2,665,425	19,238	SH		SOLE	0	19,238	0	0
Eaton Corp PLC	Com	G29183103	4,728,867	23,515	SH		SOLE	0	23,515	0	0
Eaton Corp PLC	Com	G29183103	19,105	95	SH		DFND	0	95	0	0
Linde Plc	Com	G54950103	2,221,696	5,830	SH		SOLE	0	5,830	0	0