# EDGAR Filing Document

**Accession Number:** 0002122473
**File Stem:** 0002122473-26-000018
**Filing Date:** 2026-4
**Character Count:** 15477
**Document Hash:** 4ac126d322b545a3c43b3800c7373e20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002122473-26-000018.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0002122473-26-000018

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**EFFECTIVENESS DATE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American State Bank (Iowa)
- **CENTRAL INDEX KEY:** 0002122473

**ORGANIZATION NAME:**
- **EIN:** 420318300
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26809
- **FILM NUMBER:** 26859996

**BUSINESS ADDRESS:**
- **STREET 1:** 525 N MAIN AVE
- **STREET 2:** PO BOX 140
- **CITY:** SIOUX CENTER
- **STATE:** IA
- **ZIP:** 51250-0140
- **BUSINESS PHONE:** 712-722-4848

**MAIL ADDRESS:**
- **STREET 1:** 525 N MAIN AVE
- **STREET 2:** PO BOX 140
- **CITY:** SIOUX CENTER
- **STATE:** IA
- **ZIP:** 51250-0140

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2024

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** American State Bank (Iowa)<br>**Address:** 525 N MAIN AVE<br>PO BOX 140<br>SIOUX CENTER, IA 51250-0140

**Form 13F File Number:** 028-26809

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andrew DeJongh<br>**Title:** Trust Compliance Officer<br>**Phone:** 712-722-4848

**Signature, Place, and Date of Signing:**

Andrew DeJongh  Sioux Center, IA  04-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 123

**Form 13F Information Table Value Total:** $165904250

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AFLAC INC | COM | 001055102 |  | 366178 | 3540 | SH |  | SOLE |  | 3540 | 0 | 0 |
| ATT INC | COM | 00206R102 |  | 1353380 | 59437 | SH |  | SOLE |  | 59437 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 760734 | 4281 | SH |  | SOLE |  | 4281 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1218868 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 507280 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 336997 | 1748 | SH |  | SOLE |  | 1748 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1046658 | 5496 | SH |  | SOLE |  | 5496 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1370968 | 6249 | SH |  | SOLE |  | 6249 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 470837 | 5282 | SH |  | SOLE |  | 5282 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 1718139 | 6592 | SH |  | SOLE |  | 6592 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6295559 | 25140 | SH |  | SOLE |  | 25140 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1411954 | 8682 | SH |  | SOLE |  | 8682 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2619596 | 59604 | SH |  | SOLE |  | 59604 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 619180 | 1366 | SH |  | SOLE |  | 1366 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 480777 | 469 | SH |  | SOLE |  | 469 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1631940 | 9220 | SH |  | SOLE |  | 9220 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1598073 | 6893 | SH |  | SOLE |  | 6893 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 969528 | 3511 | SH |  | SOLE |  | 3511 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 272078 | 6061 | SH |  | SOLE |  | 6061 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 329023 | 907 | SH |  | SOLE |  | 907 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1029233 | 7106 | SH |  | SOLE |  | 7106 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1698803 | 28696 | SH |  | SOLE |  | 28696 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1502193 | 21341 | SH |  | SOLE |  | 21341 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 327581 | 2017 | SH |  | SOLE |  | 2017 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 279936 | 7459 | SH |  | SOLE |  | 7459 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 1426342 | 15985 | SH |  | SOLE |  | 15985 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1025306 | 1119 | SH |  | SOLE |  | 1119 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 718060 | 6231 | SH |  | SOLE |  | 6231 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 658453 | 16408 | SH |  | SOLE |  | 16408 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 444785 | 3589 | SH |  | SOLE |  | 3589 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 359849 | 8481 | SH |  | SOLE |  | 8481 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 |  | 213509 | 748 | SH |  | SOLE |  | 748 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 312189 | 5436 | SH |  | SOLE |  | 5436 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1455745 | 13533 | SH |  | SOLE |  | 13533 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 246164 | 875 | SH |  | SOLE |  | 875 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 474317 | 1442 | SH |  | SOLE |  | 1442 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 1428379 | 5421 | SH |  | SOLE |  | 5421 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1402037 | 8406 | SH |  | SOLE |  | 8406 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 924901 | 10013 | SH |  | SOLE |  | 10013 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1136651 | 1985 | SH |  | SOLE |  | 1985 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 1708062 | 15613 | SH |  | SOLE |  | 15613 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 667118 | 1715 | SH |  | SOLE |  | 1715 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1240714 | 61881 | SH |  | SOLE |  | 61881 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7900037 | 15453 | SH |  | SOLE |  | 15453 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 664977 | 1274 | SH |  | SOLE |  | 1274 | 0 | 0 |
| INVESCO DB COMMDY INDX TRCK | UNIT | 46138B103 |  | 494519 | 23130 | SH |  | SOLE |  | 23130 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | AGRICULTURE FD | 46140H106 |  | 463198 | 17420 | SH |  | SOLE |  | 17420 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | ENERGY FD | 46140H304 |  | 293090 | 15800 | SH |  | SOLE |  | 15800 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | PRECIOUS METAL | 46140H502 |  | 376526 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| INVESCO DB MULTI-SECTOR COMM | BASE METALS FD | 46140H700 |  | 289348 | 15350 | SH |  | SOLE |  | 15350 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 5681732 | 58635 | SH |  | SOLE |  | 58635 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 235755 | 1860 | SH |  | SOLE |  | 1860 | 0 | 0 |
| ISHARES TR | CORE SP MCP ETF | 464287507 |  | 710770 | 11407 | SH |  | SOLE |  | 11407 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 671891 | 5082 | SH |  | SOLE |  | 5082 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 6855364 | 37030 | SH |  | SOLE |  | 37030 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 8845603 | 22027 | SH |  | SOLE |  | 22027 | 0 | 0 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 823313 | 5015 | SH |  | SOLE |  | 5015 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 1294039 | 4496 | SH |  | SOLE |  | 4496 | 0 | 0 |
| ISHARES TR | CORE SP US VLU | 464287663 |  | 1209503 | 13063 | SH |  | SOLE |  | 13063 | 0 | 0 |
| ISHARES TR | CORE SP US GWT | 464287671 |  | 1336367 | 9590 | SH |  | SOLE |  | 9590 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 595228 | 10215 | SH |  | SOLE |  | 10215 | 0 | 0 |
| ISHARES TR | CORE SP SCP ETF | 464287804 |  | 2585306 | 22438 | SH |  | SOLE |  | 22438 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 2397277 | 41830 | SH |  | SOLE |  | 41830 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1386625 | 26427 | SH |  | SOLE |  | 26427 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 936056 | 9667 | SH |  | SOLE |  | 9667 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 4767458 | 42468 | SH |  | SOLE |  | 42468 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1028829 | 14639 | SH |  | SOLE |  | 14639 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1250721 | 23951 | SH |  | SOLE |  | 23951 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 848087 | 13826 | SH |  | SOLE |  | 13826 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1923673 | 8025 | SH |  | SOLE |  | 8025 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1709698 | 11822 | SH |  | SOLE |  | 11822 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 403019 | 17201 | SH |  | SOLE |  | 17201 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 866760 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 281205 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1172315 | 4044 | SH |  | SOLE |  | 4044 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5687721 | 13494 | SH |  | SOLE |  | 13494 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 365594 | 2908 | SH |  | SOLE |  | 2908 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1137324 | 1276 | SH |  | SOLE |  | 1276 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 543984 | 7588 | SH |  | SOLE |  | 7588 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 351581 | 1498 | SH |  | SOLE |  | 1498 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 15332426 | 114174 | SH |  | SOLE |  | 114174 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 257160 | 3013 | SH |  | SOLE |  | 3013 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 895785 | 5891 | SH |  | SOLE |  | 5891 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1557301 | 9289 | SH |  | SOLE |  | 9289 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 900036 | 8515 | SH |  | SOLE |  | 8515 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 825708 | 5375 | SH |  | SOLE |  | 5375 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1325110 | 11451 | SH |  | SOLE |  | 11451 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 822909 | 5440 | SH |  | SOLE |  | 5440 | 0 | 0 |
| SP GLOBAL INC | COM | 78409V104 |  | 2280977 | 4580 | SH |  | SOLE |  | 4580 | 0 | 0 |
| SPDR SP 500 ETF TR | TR UNIT | 78462F103 |  | 3780216 | 6450 | SH |  | SOLE |  | 6450 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 220338 | 910 | SH |  | SOLE |  | 910 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 238283 | 1437 | SH |  | SOLE |  | 1437 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 1051120 | 7957 | SH |  | SOLE |  | 7957 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A789 |  | 212120 | 3753 | SH |  | SOLE |  | 3753 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A862 |  | 219133 | 882 | SH |  | SOLE |  | 882 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2124096 | 4992 | SH |  | SOLE |  | 4992 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 416241 | 1245 | SH |  | SOLE |  | 1245 | 0 | 0 |
| SANOFI SA | SPONSORED ADR | 80105N105 |  | 481962 | 9993 | SH |  | SOLE |  | 9993 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 423504 | 11046 | SH |  | SOLE |  | 11046 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 327102 | 1458 | SH |  | SOLE |  | 1458 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 530857 | 10984 | SH |  | SOLE |  | 10984 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 259040 | 1966 | SH |  | SOLE |  | 1966 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 601529 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 310495 | 1804 | SH |  | SOLE |  | 1804 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 335948 | 4081 | SH |  | SOLE |  | 4081 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 821007 | 2033 | SH |  | SOLE |  | 2033 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 474970 | 913 | SH |  | SOLE |  | 913 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 784002 | 3438 | SH |  | SOLE |  | 3438 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 698593 | 1381 | SH |  | SOLE |  | 1381 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 954280 | 4873 | SH |  | SOLE |  | 4873 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 343061 | 7174 | SH |  | SOLE |  | 7174 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 688731 | 5398 | SH |  | SOLE |  | 5398 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 212197 | 517 | SH |  | SOLE |  | 517 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 336180 | 1160 | SH |  | SOLE |  | 1160 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 943724 | 23599 | SH |  | SOLE |  | 23599 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 866266 | 2741 | SH |  | SOLE |  | 2741 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 901279 | 9584 | SH |  | SOLE |  | 9584 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2042994 | 22612 | SH |  | SOLE |  | 22612 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 2521770 | 12497 | SH |  | SOLE |  | 12497 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1357880 | 19332 | SH |  | SOLE |  | 19332 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 594784 | 8809 | SH |  | SOLE |  | 8809 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 586399 | 7341 | SH |  | SOLE |  | 7341 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 604170 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |

---