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	225,274	1,982	SH		SOLE	0	1,982	0	0
Abbvie Inc	Com	00287Y109	9,234,291	50,710	SH		SOLE	0	50,710	0	0
Abbvie Inc	Com	00287Y109	10,926	60	SH		DFND	0	60	0	0
Alphabet Inc Class A	Com	02079K305	7,276,184	48,209	SH		SOLE	0	48,209	0	0
Alphabet Inc Class A	Com	02079K305	6,037	40	SH		DFND	0	40	0	0
Amazon Inc	Com	023135106	8,472,990	46,973	SH		SOLE	0	46,973	0	0
Amazon Inc	Com	023135106	18,038	100	SH		DFND	0	100	0	0
American Tower Corp REIT	Com	03027X100	3,097,816	15,678	SH		SOLE	0	15,678	0	0
American Tower Corp REIT	Com	03027X100	7,113	36	SH		DFND	0	36	0	0
Amgen Inc	Com	031162100	3,133,775	11,022	SH		SOLE	0	11,022	0	0
Apple Inc	Com	037833100	13,998,770	81,635	SH		SOLE	0	81,635	0	0
Apple Inc	Com	037833100	6,859	40	SH		DFND	0	40	0	0
Bank of America Corp	Com	060505104	1,657,142	43,701	SH		SOLE	0	43,701	0	0
Berkshire Hathaway Inc Cl A	Com	084670108	4,441,080	7	SH		SOLE	0	7	0	0
Berkshire Hathaway Inc Cl B	Com	084670702	7,929,325	18,856	SH		SOLE	0	18,806	0	50
BlackRock Inc	Com	09247X101	3,159,723	3,790	SH		SOLE	0	3,790	0	0
BlackRock Enhanced Equity Dividend Trust	Com	09251A104	154,003	18,667	SH		SOLE	0	18,667	0	0
Boeing Co	Com	097023105	361,470	1,873	SH		SOLE	0	1,873	0	0
Bristol-Myers Squibb Corp	Com	110122108	2,166,760	39,955	SH		SOLE	0	39,955	0	0
CVS Health Corporation	Com	126650100	4,858,341	60,912	SH		SOLE	0	60,912	0	0
CVS Health Corporation	Com	126650100	6,859	86	SH		DFND	0	86	0	0
Cardinal Health Inc	Com	14149Y108	6,043,831	54,011	SH		SOLE	0	54,011	0	0
Cardinal Health Inc	Com	14149Y108	9,064	81	SH		DFND	0	81	0	0
Caterpillar Inc	Com	149123101	5,161,167	14,085	SH		SOLE	0	14,085	0	0
Chemed Corp	Com	16359R103	545,641	850	SH		SOLE	0	850	0	0
Chevron Corp	Com	166764100	7,840,151	49,703	SH		SOLE	0	49,703	0	0
Chevron Corp	Com	166764100	4,732	30	SH		DFND	0	30	0	0
Cisco Systems Inc	Com	17275R102	8,481,655	169,939	SH		SOLE	0	169,939	0	0
Cognizant Technology Solutions Cl A	Com	192446102	3,042,121	41,508	SH		SOLE	0	41,508	0	0
Comcast Corp New Cl A	Com	20030N101	3,068,096	70,775	SH		SOLE	0	70,775	0	0
ConocoPhillips	Com	20825C104	2,957,224	23,234	SH		SOLE	0	23,234	0	0
Costco Wholesale Corp	Com	22160K105	1,391,264	1,899	SH		SOLE	0	1,899	0	0
Digital Realty Trust Inc	Com	253868103	2,368,882	16,446	SH		SOLE	0	16,446	0	0
Digital Realty Trust Inc	Com	253868103	14,404	100	SH		DFND	0	100	0	0
Walt Disney Company	Com	254687106	2,860,287	23,376	SH		SOLE	0	23,376	0	0
Dollar Tree Inc	Com	256746108	3,046,073	22,877	SH		SOLE	0	22,877	0	0
Dow Inc	Com	260557103	2,263,904	39,080	SH		SOLE	0	39,080	0	0
Duke Energy Corp	Com	26441C204	2,506,530	25,918	SH		SOLE	0	25,918	0	0
Du Pont De Nemours Inc	Com	26614N102	2,470,077	32,217	SH		SOLE	0	32,217	0	0
EOG Resources Inc	Com	26875P101	3,400,800	26,602	SH		SOLE	0	26,602	0	0
EOG Resources Inc	Com	26875P101	6,392	50	SH		DFND	0	50	0	0
Emerson Electric Co	Com	291011104	8,808,537	77,663	SH		SOLE	0	77,663	0	0
Emerson Electric Co	Com	291011104	11,342	100	SH		DFND	0	100	0	0
Exelon Corp	Com	30161N101	1,934,254	51,484	SH		SOLE	0	51,484	0	0
Exxon Mobil Corp	Com	30231G102	7,010,783	60,313	SH		SOLE	0	60,313	0	0
Meta Platforms Inc	Com	30303M102	8,127,638	16,738	SH		SOLE	0	16,738	0	0
Meta Platforms Inc	Com	30303M102	4,856	10	SH		DFND	0	10	0	0
Freeport-McMoran, Inc	Com	35671D857	2,160,663	45,952	SH		SOLE	0	45,952	0	0
Gilead Sciences Inc	Com	375558103	2,690,253	36,727	SH		SOLE	0	36,727	0	0
The Hershey Company	Com	427866108	381,415	1,961	SH		SOLE	0	1,961	0	0
Home Depot Inc	Com	437076102	861,566	2,246	SH		SOLE	0	2,246	0	0
Honeywell Intl Inc	Com	438516106	1,491,141	7,265	SH		SOLE	0	7,265	0	0
ING Groep NV ADR	Com	456837103	652,806	39,588	SH		SOLE	0	39,588	0	0
Intercontinental Exchange Inc	Com	45866F104	4,530,243	32,964	SH		SOLE	0	32,964	0	0
Intercontinental Exchange Inc	Com	45866F104	4,123	30	SH		DFND	0	30	0	0
IBM Corp	Com	459200101	5,277,371	27,636	SH		SOLE	0	27,636	0	0
Invesco QQQ Trust	Com	46090E103	1,352,898	3,047	SH		SOLE	0	3,047	0	0
Invesco Preferred ETF	Com	46138E511	15,003,632	1,262,932	SH		SOLE	0	1,260,095	2,837	0
Invesco Preferred ETF	Com	46138E511	69,118	5,818	SH		DFND	0	5,818	0	0
Invesco BulletShares 2027 Corporate Bond ETF	Com	46138J783	215,199	11,156	SH		SOLE	0	11,156	0	0
Invesco BulletShares 2026 Corporate Bond ETF	Com	46138J791	212,808	11,078	SH		SOLE	0	11,078	0	0
Invesco BulletShares 2025 Corporate Bond ETF	Com	46138J825	201,562	9,866	SH		SOLE	0	9,866	0	0
iShares Core S&P 500 ETF	Com	464287200	1,745,424	3,320	SH		SOLE	0	3,320	0	0
iShares Core U.S. Agg Bond ETF	Com	464287226	3,359,342	34,300	SH		SOLE	0	34,300	0	0
iShares Core S&P Mid-Cap 400 Index ETF	Com	464287507	20,266,630	333,662	SH		SOLE	0	333,662	0	0
iShares Russell 1000 ETF	Com	464287622	230,424	800	SH		SOLE	0	800	0	0
iShares Core S&P Small-Cap 600 ETF	Com	464287804	11,507,121	104,118	SH		SOLE	0	104,118	0	0
Ishares Dow Jones US Health Care Prov Index	Com	464288828	545,400	10,000	SH		SOLE	0	10,000	0	0
iShares Tr MSCI USA Minimum Volatility ETF	Com	46429B697	770,023	9,213	SH		SOLE	0	9,213	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	21,930,006	295,473	SH		SOLE	0	295,473	0	0
iShares Core MSCI EAFE ETF	Com	46432F842	23,750	320	SH		DFND	0	320	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	9,344,760	181,100	SH		SOLE	0	181,100	0	0
iShares Core MSCI Emerging Mkts ETF	Com	46434G103	10,836	210	SH		DFND	0	210	0	0
iShares iBonds 2028 Term Corp ETF	Com	46435U515	221,829	8,907	SH		SOLE	0	8,907	0	0
JP Morgan Chase & Co	Com	46625H100	15,231,213	76,042	SH		SOLE	0	76,042	0	0
JP Morgan Chase & Co	Com	46625H100	8,012	40	SH		DFND	0	40	0	0
Johnson & Johnson	Com	478160104	7,474,636	47,251	SH		SOLE	0	47,251	0	0
Eli Lilly & Co	Com	532457108	3,846,234	4,944	SH		SOLE	0	4,944	0	0
Lowes Companies Inc	Com	548661107	4,021,677	15,788	SH		SOLE	0	15,788	0	0
Masco Corp	Com	574599106	4,516,353	57,256	SH		SOLE	0	57,256	0	0
McDonalds Corp	Com	580135101	3,445,711	12,221	SH		SOLE	0	12,221	0	0
McDonalds Corp	Com	580135101	282	1	SH		DFND	0	1	0	0
Merck & Co Inc	Com	58933Y105	4,356,065	33,013	SH		SOLE	0	33,013	0	0
MetLife Inc	Com	59156R108	3,921,901	52,920	SH		SOLE	0	52,920	0	0
Microsoft Corp	Com	594918104	18,005,554	42,797	SH		SOLE	0	42,797	0	0
Microchip Technology Inc	Com	595017104	2,655,237	29,598	SH		SOLE	0	29,598	0	0
Mondelez International Inc	Com	609207105	2,490,180	35,574	SH		SOLE	0	35,574	0	0
Morgan Stanley	Com	617446448	6,065,316	64,415	SH		SOLE	0	64,415	0	0
Nike Inc Class B	Com	654106103	1,598,600	17,010	SH		SOLE	0	17,010	0	0
NVIDIA Corp	Com	67066G104	6,205,650	6,868	SH		SOLE	0	6,868	0	0
Omnicom Group	Com	681919106	2,378,264	24,579	SH		SOLE	0	24,579	0	0
Oracle Corp	Com	68389X105	4,484,528	35,702	SH		SOLE	0	35,702	0	0
Palo Alto Networks Inc	Com	697435105	2,200,587	7,745	SH		SOLE	0	7,745	0	0
Pepsico Inc	Com	713448108	7,637,786	43,642	SH		SOLE	0	43,642	0	0
Pfizer Inc	Com	717081103	2,162,114	77,914	SH		SOLE	0	77,914	0	0
Principal Financial Group	Com	74251V102	687,891	7,970	SH		SOLE	0	7,970	0	0
Procter & Gamble Co	Com	742718109	8,135,702	50,143	SH		SOLE	0	50,143	0	0
Procter & Gamble Co	Com	742718109	16,225	100	SH		DFND	0	100	0	0
Prudential Financial	Com	744320102	6,098,695	51,948	SH		SOLE	0	51,948	0	0
Prudential Financial	Com	744320102	3,522	30	SH		DFND	0	30	0	0
QUALCOMM Inc	Com	747525103	3,071,610	18,143	SH		SOLE	0	18,143	0	0
QUALCOMM Inc	Com	747525103	16,930	100	SH		DFND	0	100	0	0
RTX Corporation	Com	75513E101	1,399,165	14,346	SH		SOLE	0	14,346	0	0
SPDR S&P 500 ETF	Com	78462F103	7,298,919	13,954	SH		SOLE	0	13,954	0	0
SPDR MSCI ACWI ex-US ETF	Com	78463X848	989,854	34,854	SH		SOLE	0	34,854	0	0
SPDR S&P 500 Growth ETF	Com	78464A409	2,981,740	40,762	SH		SOLE	0	40,762	0	0
SPDR S&P 500 Value ETF	Com	78464A508	370,740	7,400	SH		SOLE	0	7,400	0	0
SPDR Dow Jones Industrial Average	Com	78467X109	5,914,691	14,870	SH		SOLE	0	14,870	0	0
SPDR Portfolio High Yield Bond ETF	Com	78468R606	2,890,178	123,196	SH		SOLE	0	123,196	0	0
SPDR SSGA US Low Volatility Index ETF	Com	78468R804	785,241	5,042	SH		SOLE	0	5,042	0	0
Salesforce Inc	Com	79466L302	5,892,888	19,566	SH		SOLE	0	19,566	0	0
Salesforce Inc	Com	79466L302	15,059	50	SH		DFND	0	50	0	0
Health Care Select Sector SPDR ETF	Com	81369Y209	295,460	2,000	SH		SOLE	0	2,000	0	0
Energy Select Sector SPDR ETF	Com	81369Y506	239,707	2,539	SH		SOLE	0	2,539	0	0
Sprott Physical Silver Trust	Com	85207K107	704,650	85,000	SH		SOLE	0	85,000	0	0
Starbucks Corporation	Com	855244109	2,997,044	32,794	SH		SOLE	0	32,794	0	0
Sysco Corp	Com	871829107	3,053,017	37,608	SH		SOLE	0	37,608	0	0
Target Corp	Com	87612E106	1,860,528	10,499	SH		SOLE	0	10,499	0	0
Truist Financial Corp	Com	89832Q109	3,575,986	91,739	SH		SOLE	0	91,739	0	0
United Parcel Service	Com	911312106	11,904,668	80,096	SH		SOLE	0	69,196	0	10,900
United Parcel Service	Com	911312106	14,863	100	SH		DFND	0	100	0	0
Vanguard Dividend Appreciation ETF	Com	921908844	240,132	1,315	SH		SOLE	0	1,315	0	0
Vanguard Total Stock Market	Com	922908769	230,791	888	SH		SOLE	0	888	0	0
Verizon Communications Inc	Com	92343V104	1,524,029	36,321	SH		SOLE	0	36,321	0	0
Visa Inc	Com	92826C839	5,159,352	18,487	SH		SOLE	0	18,487	0	0
Visa Inc	Com	92826C839	6,977	25	SH		DFND	0	25	0	0
Wal-Mart Stores Inc	Com	931142103	551,458	9,165	SH		SOLE	0	9,165	0	0
Yum Brands Inc	Com	988498101	2,582,079	18,623	SH		SOLE	0	18,623	0	0
Eaton Corp PLC	Com	G29183103	6,250,161	19,989	SH		SOLE	0	19,989	0	0
Eaton Corp PLC	Com	G29183103	29,705	95	SH		DFND	0	95	0	0
Linde Plc	Com	G54950103	2,709,307	5,835	SH		SOLE	0	5,835	0	0