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	257,124	2,336	SH		SOLE	0	2,336	0	0
Abbvie Inc	Com	00287Y109	8,042,478	51,897	SH		SOLE	0	51,897	0	0
Abbvie Inc	Com	00287Y109	9,298	60	SH		DFND	0	60	0	0
Alphabet Inc Class A	Com	02079K305	6,786,559	48,583	SH		SOLE	0	48,583	0	0
Alphabet Inc Class A	Com	02079K305	5,588	40	SH		DFND	0	40	0	0
Amazon Inc	Com	023135106	6,962,954	45,827	SH		SOLE	0	45,827	0	0
Amazon Inc	Com	023135106	15,194	100	SH		DFND	0	100	0	0
American Tower Corp REIT	Com	03027X100	3,293,249	15,255	SH		SOLE	0	15,255	0	0
American Tower Corp REIT	Com	03027X100	7,772	36	SH		DFND	0	36	0	0
Amgen Inc	Com	031162100	3,758,661	13,050	SH		SOLE	0	13,050	0	0
Apple Inc	Com	037833100	16,125,928	83,758	SH		SOLE	0	83,758	0	0
Apple Inc	Com	037833100	7,701	40	SH		DFND	0	40	0	0
Bank of America Corp	Com	060505104	334,309	9,929	SH		SOLE	0	9,929	0	0
Berkshire Hathaway Inc Cl A	Com	084670108	3,798,375	7	SH		SOLE	0	7	0	0
Berkshire Hathaway Inc Cl B	Com	084670702	7,014,789	19,668	SH		SOLE	0	19,618	0	50
BlackRock Inc	Com	09247X101	2,811,263	3,463	SH		SOLE	0	3,463	0	0
BlackRock Enhanced Equity Dividend Trust	Com	09251A104	143,549	18,667	SH		SOLE	0	18,667	0	0
Boeing Co	Com	097023105	488,216	1,873	SH		SOLE	0	1,873	0	0
Bristol-Myers Squibb Corp	Com	110122108	2,994,759	58,366	SH		SOLE	0	58,366	0	0
CVS Health Corporation	Com	126650100	4,548,965	57,611	SH		SOLE	0	57,611	0	0
CVS Health Corporation	Com	126650100	6,791	86	SH		DFND	0	86	0	0
Cardinal Health Inc	Com	14149Y108	3,584,952	35,565	SH		SOLE	0	35,565	0	0
Cardinal Health Inc	Com	14149Y108	6,149	61	SH		DFND	0	61	0	0
Caterpillar Inc	Com	149123101	4,418,197	14,943	SH		SOLE	0	14,943	0	0
Chemed Corp	Com	16359R103	526,275	900	SH		SOLE	0	900	0	0
Chevron Corp	Com	166764100	7,341,357	49,218	SH		SOLE	0	49,218	0	0
Chevron Corp	Com	166764100	4,475	30	SH		DFND	0	30	0	0
Cisco Systems Inc	Com	17275R102	8,353,987	165,360	SH		SOLE	0	165,360	0	0
Cognizant Technology Solutions Cl A	Com	192446102	3,486,691	46,163	SH		SOLE	0	46,163	0	0
Cognizant Technology Solutions Cl A	Com	192446102	5,287	70	SH		DFND	0	70	0	0
Comcast Corp New Cl A	Com	20030N101	3,606,399	82,244	SH		SOLE	0	82,244	0	0
ConocoPhillips	Com	20825C104	2,495,157	21,497	SH		SOLE	0	21,497	0	0
Consolidated Edison Inc	Com	209115104	243,436	2,676	SH		SOLE	0	2,676	0	0
Digital Realty Trust Inc	Com	253868103	2,433,610	18,083	SH		SOLE	0	18,083	0	0
Digital Realty Trust Inc	Com	253868103	13,458	100	SH		DFND	0	100	0	0
Walt Disney Company	Com	254687106	2,041,999	22,616	SH		SOLE	0	22,616	0	0
Walt Disney Company	Com	254687106	2,709	30	SH		DFND	0	30	0	0
Dollar Tree Inc	Com	256746108	3,573,268	25,155	SH		SOLE	0	25,155	0	0
Dow Inc	Com	260557103	2,227,491	40,618	SH		SOLE	0	40,618	0	0
Dow Inc	Com	260557103	2,194	40	SH		DFND	0	40	0	0
Duke Energy Corp	Com	26441C204	2,414,161	24,878	SH		SOLE	0	24,878	0	0
Duke Energy Corp	Com	26441C204	12,615	130	SH		DFND	0	130	0	0
Du Pont De Nemours Inc	Com	26614N102	2,398,831	31,182	SH		SOLE	0	31,182	0	0
EOG Resources Inc	Com	26875P101	2,794,429	23,104	SH		SOLE	0	23,104	0	0
EOG Resources Inc	Com	26875P101	4,838	40	SH		DFND	0	40	0	0
Emerson Electric Co	Com	291011104	7,741,726	79,541	SH		SOLE	0	79,541	0	0
Emerson Electric Co	Com	291011104	9,733	100	SH		DFND	0	100	0	0
Exelon Corp	Com	30161N101	1,890,063	52,648	SH		SOLE	0	52,648	0	0
Exxon Mobil Corp	Com	30231G102	5,580,884	55,820	SH		SOLE	0	55,820	0	0
Meta Platforms Inc	Com	30303M102	6,080,679	17,179	SH		SOLE	0	17,179	0	0
Meta Platforms Inc	Com	30303M102	3,540	10	SH		DFND	0	10	0	0
Freeport-McMoran, Inc	Com	35671D857	1,910,925	44,889	SH		SOLE	0	44,889	0	0
Gilead Sciences Inc	Com	375558103	3,266,161	40,318	SH		SOLE	0	40,318	0	0
The Hershey Company	Com	427866108	382,761	2,053	SH		SOLE	0	2,053	0	0
Home Depot Inc	Com	437076102	778,351	2,246	SH		SOLE	0	2,246	0	0
Honeywell Intl Inc	Com	438516106	1,442,805	6,880	SH		SOLE	0	6,880	0	0
ING Groep NV ADR	Com	456837103	729,011	48,536	SH		SOLE	0	48,536	0	0
Intercontinental Exchange Inc	Com	45866F104	4,064,681	31,649	SH		SOLE	0	31,649	0	0
Intercontinental Exchange Inc	Com	45866F104	3,853	30	SH		DFND	0	30	0	0
IBM Corp	Com	459200101	4,471,621	27,341	SH		SOLE	0	27,341	0	0
Invesco QQQ Trust	Com	46090E103	1,247,807	3,047	SH		SOLE	0	3,047	0	0
Invesco Preferred ETF	Com	46138E511	15,930,201	1,388,858	SH		SOLE	0	1,385,604	3,254	0
Invesco Preferred ETF	Com	46138E511	66,732	5,818	SH		DFND	0	5,818	0	0
Invesco BulletShares 2027 Corporate Bond ETF	Com	46138J783	243,771	12,530	SH		SOLE	0	12,530	0	0
Invesco BulletShares 2026 Corporate Bond ETF	Com	46138J791	264,352	13,697	SH		SOLE	0	13,697	0	0
Invesco BulletShares 2025 Corporate Bond ETF	Com	46138J825	247,424	12,096	SH		SOLE	0	12,096	0	0
Invesco BulletShares 2024 Corporate Bond ETF	Com	46138J841	223,720	10,712	SH		SOLE	0	10,712	0	0
iShares Core S&P 500 ETF	Com	464287200	1,601,493	3,353	SH		SOLE	0	3,353	0	0
iShares Core U.S. Agg Bond ETF	Com	464287226	3,048,067	30,711	SH		SOLE	0	30,711	0	0
iShares Core S&P Mid-Cap 400 Index ETF	Com	464287507	18,304,095	66,044	SH		SOLE	0	66,044	0	0
iShares Russell 1000 ETF	Com	464287622	209,808	800	SH		SOLE	0	800	0	0
iShares Core S&P Small-Cap 600 ETF	Com	464287804	10,801,835	99,786	SH		SOLE	0	99,786	0	0
Ishares Dow Jones US Health Care Prov Index	Com	464288828	525,100	2,000	SH		SOLE	0	2,000	0	0
iShares Tr MSCI USA Minimum Volatility ETF	Com	46429B697	747,996	9,586	SH		SOLE	0	9,586	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	19,588,676	278,446	SH		SOLE	0	278,446	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	8,407,559	166,223	SH		SOLE	0	166,223	0	0
iShares iBonds 2028 Term Corp ETF	Com	46435U515	257,599	10,267	SH		SOLE	0	10,267	0	0
JP Morgan Chase & Co	Com	46625H100	13,019,624	76,541	SH		SOLE	0	76,541	0	0
JP Morgan Chase & Co	Com	46625H100	6,804	40	SH		DFND	0	40	0	0
Johnson & Johnson	Com	478160104	7,723,520	49,276	SH		SOLE	0	49,276	0	0
Estee Lauder Companies Inc	Com	518439104	680,209	4,651	SH		SOLE	0	4,651	0	0
Eli Lilly & Co	Com	532457108	2,706,498	4,643	SH		SOLE	0	4,643	0	0
Lowes Companies Inc	Com	548661107	3,320,669	14,921	SH		SOLE	0	14,921	0	0
Masco Corp	Com	574599106	4,528,317	67,607	SH		SOLE	0	67,607	0	0
McDonalds Corp	Com	580135101	3,857,892	13,011	SH		SOLE	0	13,011	0	0
McDonalds Corp	Com	580135101	8,895	30	SH		DFND	0	30	0	0
Merck & Co Inc	Com	58933Y105	3,608,126	33,096	SH		SOLE	0	33,096	0	0
MetLife Inc	Com	59156R108	3,548,602	53,661	SH		SOLE	0	53,661	0	0
Microsoft Corp	Com	594918104	16,452,126	43,751	SH		SOLE	0	43,751	0	0
Mondelez International Inc	Com	609207105	2,505,716	34,595	SH		SOLE	0	34,595	0	0
Morgan Stanley	Com	617446448	5,863,280	62,877	SH		SOLE	0	62,877	0	0
Nike Inc Class B	Com	654106103	1,133,688	10,442	SH		SOLE	0	10,442	0	0
NVIDIA Corp	Com	67066G104	3,148,609	6,358	SH		SOLE	0	6,358	0	0
Omnicom Group	Com	681919106	2,086,016	24,113	SH		SOLE	0	24,113	0	0
Oracle Corp	Com	68389X105	3,653,255	34,651	SH		SOLE	0	34,651	0	0
Otter Tail Corporation	Com	689648103	577,456	6,796	SH		SOLE	0	6,796	0	0
Pepsico Inc	Com	713448108	7,533,083	44,354	SH		SOLE	0	44,354	0	0
Pfizer Inc	Com	717081103	2,882,541	100,123	SH		SOLE	0	100,123	0	0
Pfizer Inc	Com	717081103	4,635	161	SH		DFND	0	161	0	0
Principal Financial Group	Com	74251V102	3,186,607	40,506	SH		SOLE	0	40,506	0	0
Procter & Gamble Co	Com	742718109	7,340,189	50,090	SH		SOLE	0	50,090	0	0
Procter & Gamble Co	Com	742718109	14,654	100	SH		DFND	0	100	0	0
Prudential Financial	Com	744320102	6,487,786	62,557	SH		SOLE	0	62,557	0	0
Prudential Financial	Com	744320102	3,111	30	SH		DFND	0	30	0	0
QUALCOMM Inc	Com	747525103	2,674,209	18,490	SH		SOLE	0	18,490	0	0
QUALCOMM Inc	Com	747525103	13,017	90	SH		DFND	0	90	0	0
SPDR S&P 500 ETF	Com	78462F103	6,487,031	13,648	SH		SOLE	0	13,648	0	0
SPDR Gold Shares	Com	78463V107	288,093	1,507	SH		SOLE	0	1,507	0	0
SPDR MSCI ACWI ex-US ETF	Com	78463X848	1,337,723	49,472	SH		SOLE	0	49,472	0	0
SPDR S&P 500 Growth ETF	Com	78464A409	2,606,564	40,064	SH		SOLE	0	40,064	0	0
SPDR S&P 500 Value ETF	Com	78464A508	345,062	7,400	SH		SOLE	0	7,400	0	0
SPDR Dow Jones Industrial Average	Com	78467X109	5,604,057	14,870	SH		SOLE	0	14,870	0	0
SPDR Portfolio High Yield Bond ETF	Com	78468R606	2,422,238	103,603	SH		SOLE	0	103,603	0	0
SPDR SSGA US Low Volatility Index ETF	Com	78468R804	801,905	5,530	SH		SOLE	0	5,530	0	0
Salesforce Inc	Com	79466L302	5,792,764	22,014	SH		SOLE	0	22,014	0	0
Salesforce Inc	Com	79466L302	13,157	50	SH		DFND	0	50	0	0
Health Care Select Sector SPDR ETF	Com	81369Y209	272,760	2,000	SH		SOLE	0	2,000	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	232,153	2,769	SH		SOLE	0	2,769	0	0
Skyworks Solutions	Com	83088M102	2,148,908	19,115	SH		SOLE	0	19,115	0	0
Sprott Physical Silver Trust	Com	85207K107	686,800	85,000	SH		SOLE	0	85,000	0	0
Starbucks Corporation	Com	855244109	3,058,687	31,858	SH		SOLE	0	31,858	0	0
Starbucks Corporation	Com	855244109	1,920	20	SH		DFND	0	20	0	0
Sysco Corp	Com	871829107	2,940,484	40,209	SH		SOLE	0	40,209	0	0
Target Corp	Com	87612E106	1,490,140	10,463	SH		SOLE	0	10,463	0	0
Truist Financial Corp	Com	89832Q109	2,126,961	57,610	SH		SOLE	0	57,610	0	0
Union Pacific Corp	Com	907818108	207,549	845	SH		SOLE	0	845	0	0
United Parcel Service	Com	911312106	12,627,927	80,315	SH		SOLE	0	69,415	0	10,900
United Parcel Service	Com	911312106	15,723	100	SH		DFND	0	100	0	0
Vanguard Dividend Appreciation ETF	Com	921908844	224,076	1,315	SH		SOLE	0	1,315	0	0
Vanguard Total Stock Market	Com	922908769	229,629	968	SH		SOLE	0	968	0	0
Verizon Communications Inc	Com	92343V104	1,447,303	38,390	SH		SOLE	0	38,390	0	0
Visa Inc	Com	92826C839	4,694,111	18,030	SH		SOLE	0	18,030	0	0
Visa Inc	Com	92826C839	6,509	25	SH		DFND	0	25	0	0
Wal-Mart Stores Inc	Com	931142103	584,724	3,709	SH		SOLE	0	3,709	0	0
Yum Brands Inc	Com	988498101	2,413,029	18,468	SH		SOLE	0	18,468	0	0
Eaton Corp PLC	Com	G29183103	5,391,719	22,389	SH		SOLE	0	22,389	0	0
Eaton Corp PLC	Com	G29183103	22,878	95	SH		DFND	0	95	0	0
Linde Plc	Com	G54950103	2,426,885	5,909	SH		SOLE	0	5,909	0	0