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	236,217	2,439	SH		SOLE	0	2,439	0	0
Abbvie Inc	Com	00287Y109	8,728,208	58,555	SH		SOLE	0	58,555	0	0
Abbvie Inc	Com	00287Y109	8,944	60	SH		DFND	0	60	0	0
Alphabet Inc Class A	Com	02079K305	6,334,409	48,406	SH		SOLE	0	48,406	0	0
Alphabet Inc Class A	Com	02079K305	5,234	40	SH		DFND	0	40	0	0
Amazon Inc	Com	023135106	5,815,232	45,746	SH		SOLE	0	45,746	0	0
Amazon Inc	Com	023135106	12,712	100	SH		DFND	0	100	0	0
American Tower Corp REIT	Com	03027X100	2,598,146	15,799	SH		SOLE	0	15,799	0	0
American Tower Corp REIT	Com	03027X100	5,920	36	SH		DFND	0	36	0	0
Amgen Inc	Com	031162100	3,172,443	11,804	SH		SOLE	0	11,804	0	0
Apple Inc	Com	037833100	14,354,589	83,842	SH		SOLE	0	83,842	0	0
Apple Inc	Com	037833100	6,848	40	SH		DFND	0	40	0	0
Bank of America Corp	Com	060505104	265,038	9,680	SH		SOLE	0	9,680	0	0
Berkshire Hathaway Inc Cl A	Com	084670108	3,720,339	7	SH		SOLE	0	7	0	0
Berkshire Hathaway Inc Cl B	Com	084670702	6,748,880	19,266	SH		SOLE	0	19,216	0	50
BlackRock Inc	Com	09247X101	2,235,562	3,458	SH		SOLE	0	3,458	0	0
BlackRock Enhanced Equity Dividend Trust	Com	09251A104	142,056	18,667	SH		SOLE	0	18,667	0	0
Boeing Co	Com	097023105	359,017	1,873	SH		SOLE	0	1,873	0	0
Bristol-Myers Squibb Corp	Com	110122108	3,388,259	58,378	SH		SOLE	0	58,378	0	0
CVS Health Corporation	Com	126650100	4,045,092	57,936	SH		SOLE	0	57,936	0	0
CVS Health Corporation	Com	126650100	6,005	86	SH		DFND	0	86	0	0
Cardinal Health Inc	Com	14149Y108	3,024,635	34,838	SH		SOLE	0	34,838	0	0
Cardinal Health Inc	Com	14149Y108	5,296	61	SH		DFND	0	61	0	0
Caterpillar Inc	Com	149123101	3,987,165	14,605	SH		SOLE	0	14,605	0	0
Chemed Corp	Com	16359R103	493,715	950	SH		SOLE	0	950	0	0
Chevron Corp	Com	166764100	8,230,174	48,809	SH		SOLE	0	48,809	0	0
Chevron Corp	Com	166764100	5,059	30	SH		DFND	0	30	0	0
Cisco Systems Inc	Com	17275R102	8,863,035	164,863	SH		SOLE	0	164,863	0	0
Cognizant Technology Solutions Cl A	Com	192446102	3,082,305	45,502	SH		SOLE	0	45,502	0	0
Cognizant Technology Solutions Cl A	Com	192446102	4,742	70	SH		DFND	0	70	0	0
Comcast Corp New Cl A	Com	20030N101	3,587,106	80,900	SH		SOLE	0	80,900	0	0
ConocoPhillips	Com	20825C104	2,587,440	21,598	SH		SOLE	0	21,598	0	0
Consolidated Edison Inc	Com	209115104	228,878	2,676	SH		SOLE	0	2,676	0	0
Digital Realty Trust Inc	Com	253868103	2,220,475	18,348	SH		SOLE	0	18,348	0	0
Digital Realty Trust Inc	Com	253868103	12,102	100	SH		DFND	0	100	0	0
Walt Disney Company	Com	254687106	1,871,120	23,086	SH		SOLE	0	23,086	0	0
Walt Disney Company	Com	254687106	2,432	30	SH		DFND	0	30	0	0
Dollar Tree Inc	Com	256746108	2,697,337	25,339	SH		SOLE	0	25,339	0	0
Dow Inc	Com	260557103	2,075,342	40,251	SH		SOLE	0	40,251	0	0
Dow Inc	Com	260557103	2,062	40	SH		DFND	0	40	0	0
Duke Energy Corp	Com	26441C204	2,226,447	25,226	SH		SOLE	0	25,226	0	0
Duke Energy Corp	Com	26441C204	11,474	130	SH		DFND	0	130	0	0
Du Pont De Nemours Inc	Com	26614N102	2,331,385	31,256	SH		SOLE	0	31,256	0	0
EOG Resources Inc	Com	26875P101	2,971,381	23,441	SH		SOLE	0	23,441	0	0
EOG Resources Inc	Com	26875P101	5,070	40	SH		DFND	0	40	0	0
Emerson Electric Co	Com	291011104	7,710,342	79,842	SH		SOLE	0	79,842	0	0
Emerson Electric Co	Com	291011104	9,657	100	SH		DFND	0	100	0	0
Exelon Corp	Com	30161N101	1,986,696	52,572	SH		SOLE	0	52,572	0	0
Exxon Mobil Corp	Com	30231G102	6,516,401	55,421	SH		SOLE	0	55,421	0	0
Meta Platforms Inc	Com	30303M102	5,374,359	17,902	SH		SOLE	0	17,902	0	0
Meta Platforms Inc	Com	30303M102	3,002	10	SH		DFND	0	10	0	0
Freeport-McMoran, Inc	Com	35671D857	1,659,703	44,508	SH		SOLE	0	44,508	0	0
Gilead Sciences Inc	Com	375558103	2,989,806	39,896	SH		SOLE	0	39,896	0	0
The Hershey Company	Com	427866108	429,172	2,145	SH		SOLE	0	2,145	0	0
Home Depot Inc	Com	437076102	635,140	2,102	SH		SOLE	0	2,102	0	0
Honeywell Intl Inc	Com	438516106	1,249,027	6,761	SH		SOLE	0	6,761	0	0
ING Groep NV ADR	Com	456837103	639,704	48,536	SH		SOLE	0	48,536	0	0
Intercontinental Exchange Inc	Com	45866F104	3,482,903	31,657	SH		SOLE	0	31,657	0	0
Intercontinental Exchange Inc	Com	45866F104	3,301	30	SH		DFND	0	30	0	0
IBM Corp	Com	459200101	3,781,927	26,956	SH		SOLE	0	26,956	0	0
Invesco QQQ Trust	Com	46090E103	1,096,664	3,061	SH		SOLE	0	3,061	0	0
Invesco Preferred ETF	Com	46138E511	15,670,151	1,431,064	SH		SOLE	0	1,427,810	3,254	0
Invesco Preferred ETF	Com	46138E511	63,707	5,818	SH		DFND	0	5,818	0	0
Invesco BulletShares 2027 Corporate Bond ETF	Com	46138J783	231,227	12,342	SH		SOLE	0	12,342	0	0
Invesco BulletShares 2026 Corporate Bond ETF	Com	46138J791	263,069	14,004	SH		SOLE	0	14,004	0	0
Invesco BulletShares 2025 Corporate Bond ETF	Com	46138J825	251,516	12,507	SH		SOLE	0	12,507	0	0
Invesco BulletShares 2024 Corporate Bond ETF	Com	46138J841	246,242	11,913	SH		SOLE	0	11,913	0	0
iShares Core S&P 500 ETF	Com	464287200	1,210,134	2,818	SH		SOLE	0	2,818	0	0
iShares Core U.S. Agg Bond ETF	Com	464287226	3,051,974	32,454	SH		SOLE	0	32,454	0	0
iShares Core S&P Mid-Cap 400 Index ETF	Com	464287507	16,574,544	66,471	SH		SOLE	0	66,471	0	0
iShares Core S&P Small-Cap 600 ETF	Com	464287804	9,368,007	99,311	SH		SOLE	0	99,311	0	0
Ishares Dow Jones US Health Care Prov Index	Com	464288828	492,200	2,000	SH		SOLE	0	2,000	0	0
iShares Tr MSCI USA Minimum Volatility ETF	Com	46429B697	813,624	11,241	SH		SOLE	0	11,241	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	17,962,659	279,140	SH		SOLE	0	279,140	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	7,867,864	165,326	SH		SOLE	0	165,326	0	0
iShares iBonds 2028 Term Corp ETF	Com	46435U515	241,453	10,048	SH		SOLE	0	10,048	0	0
JP Morgan Chase & Co	Com	46625H100	11,044,868	76,161	SH		SOLE	0	76,161	0	0
JP Morgan Chase & Co	Com	46625H100	5,801	40	SH		DFND	0	40	0	0
Johnson & Johnson	Com	478160104	6,273,299	40,278	SH		SOLE	0	40,278	0	0
Estee Lauder Companies Inc	Com	518439104	676,928	4,683	SH		SOLE	0	4,683	0	0
Eli Lilly & Co	Com	532457108	606,957	1,130	SH		SOLE	0	1,130	0	0
Lowes Companies Inc	Com	548661107	3,101,388	14,922	SH		SOLE	0	14,922	0	0
Masco Corp	Com	574599106	3,645,023	68,195	SH		SOLE	0	68,195	0	0
McDonalds Corp	Com	580135101	3,357,543	12,745	SH		SOLE	0	12,745	0	0
McDonalds Corp	Com	580135101	7,903	30	SH		DFND	0	30	0	0
Merck & Co Inc	Com	58933Y105	3,306,342	32,116	SH		SOLE	0	32,116	0	0
MetLife Inc	Com	59156R108	3,440,800	54,694	SH		SOLE	0	54,694	0	0
Microsoft Corp	Com	594918104	14,042,666	44,474	SH		SOLE	0	44,474	0	0
Mondelez International Inc	Com	609207105	2,370,149	34,152	SH		SOLE	0	34,152	0	0
Morgan Stanley	Com	617446448	5,119,484	62,685	SH		SOLE	0	62,685	0	0
Nike Inc Class B	Com	654106103	1,020,552	10,673	SH		SOLE	0	10,673	0	0
NVIDIA Corp	Com	67066G104	2,723,037	6,260	SH		SOLE	0	6,260	0	0
Omnicom Group	Com	681919106	1,824,090	24,491	SH		SOLE	0	24,491	0	0
Oracle Corp	Com	68389X105	3,720,228	35,123	SH		SOLE	0	35,123	0	0
Otter Tail Corporation	Com	689648103	515,952	6,796	SH		SOLE	0	6,796	0	0
Pepsico Inc	Com	713448108	7,459,427	44,024	SH		SOLE	0	44,024	0	0
Pfizer Inc	Com	717081103	5,992,293	180,654	SH		SOLE	0	180,654	0	0
Pfizer Inc	Com	717081103	5,340	161	SH		DFND	0	161	0	0
Principal Financial Group	Com	74251V102	2,927,123	40,615	SH		SOLE	0	40,615	0	0
Procter & Gamble Co	Com	742718109	7,324,943	50,219	SH		SOLE	0	50,219	0	0
Procter & Gamble Co	Com	742718109	14,586	100	SH		DFND	0	100	0	0
Prudential Financial	Com	744320102	5,937,267	62,570	SH		SOLE	0	62,570	0	0
Prudential Financial	Com	744320102	2,847	30	SH		DFND	0	30	0	0
QUALCOMM Inc	Com	747525103	2,078,710	18,717	SH		SOLE	0	18,717	0	0
QUALCOMM Inc	Com	747525103	9,995	90	SH		DFND	0	90	0	0
SPDR S&P 500 ETF	Com	78462F103	5,575,194	13,042	SH		SOLE	0	13,042	0	0
SPDR Gold Shares	Com	78463V107	258,375	1,507	SH		SOLE	0	1,507	0	0
SPDR MSCI ACWI ex-US ETF	Com	78463X848	1,230,935	49,455	SH		SOLE	0	49,455	0	0
SPDR S&P 500 Growth ETF	Com	78464A409	2,315,536	39,061	SH		SOLE	0	39,061	0	0
SPDR S&P 500 Value ETF	Com	78464A508	305,324	7,400	SH		SOLE	0	7,400	0	0
SPDR Dow Jones Industrial Average	Com	78467X109	4,980,707	14,870	SH		SOLE	0	14,870	0	0
SPDR Portfolio High Yield Bond ETF	Com	78468R606	2,194,985	97,903	SH		SOLE	0	97,903	0	0
SPDR SSGA US Low Volatility Index ETF	Com	78468R804	734,523	5,501	SH		SOLE	0	5,501	0	0
Salesforce Inc	Com	79466L302	4,524,630	22,313	SH		SOLE	0	22,313	0	0
Salesforce Inc	Com	79466L302	10,139	50	SH		DFND	0	50	0	0
Health Care Select Sector SPDR ETF	Com	81369Y209	257,480	2,000	SH		SOLE	0	2,000	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	250,290	2,769	SH		SOLE	0	2,769	0	0
Skyworks Solutions	Com	83088M102	1,978,504	20,068	SH		SOLE	0	20,068	0	0
Sprott Physical Silver Trust	Com	85207K107	644,300	85,000	SH		SOLE	0	85,000	0	0
Starbucks Corporation	Com	855244109	2,907,588	31,857	SH		SOLE	0	31,857	0	0
Starbucks Corporation	Com	855244109	1,825	20	SH		DFND	0	20	0	0
Sysco Corp	Com	871829107	2,649,596	40,115	SH		SOLE	0	40,115	0	0
Target Corp	Com	87612E106	1,173,701	10,615	SH		SOLE	0	10,615	0	0
Truist Financial Corp	Com	89832Q109	1,762,204	61,594	SH		SOLE	0	61,594	0	0
United Parcel Service	Com	911312106	12,466,794	79,982	SH		SOLE	0	69,082	0	10,900
United Parcel Service	Com	911312106	15,587	100	SH		DFND	0	100	0	0
Vanguard Dividend Appreciation ETF	Com	921908844	204,325	1,315	SH		SOLE	0	1,315	0	0
Vanguard Total Stock Market	Com	922908769	391,472	1,843	SH		SOLE	0	1,843	0	0
Verizon Communications Inc	Com	92343V104	1,247,007	38,476	SH		SOLE	0	38,476	0	0
Visa Inc	Com	92826C839	4,154,901	18,064	SH		SOLE	0	18,064	0	0
Visa Inc	Com	92826C839	5,750	25	SH		DFND	0	25	0	0
Wal-Mart Stores Inc	Com	931142103	593,180	3,709	SH		SOLE	0	3,709	0	0
Yum Brands Inc	Com	988498101	2,324,884	18,608	SH		SOLE	0	18,608	0	0
Eaton Corp PLC	Com	G29183103	4,869,396	22,831	SH		SOLE	0	22,831	0	0
Eaton Corp PLC	Com	G29183103	20,262	95	SH		DFND	0	95	0	0
Linde Plc	Com	G54950103	2,180,109	5,855	SH		SOLE	0	5,855	0	0