Disclosure Statement

IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS From Iowa Falls State Bank 601 Washington Avenue P.O. Box 129 Iowa Falls, IA 50126 (641) 648-5171 COMMON FEATURES Limits and fees - The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account:
ATM card monthly fee This fee does not apply to Premium Checking or Value Checking Accounts.	$1.00/month
Replace ATM card	$10.00
Cash withdrawal at ATM At our ATM At ATMs we do not own or operate Dollar Limit	$.50 per withdrawal $.75 per withdrawal $200.00 per 24 hr period
Balance inquiry at ATM At our ATM At ATMs we do not own or operate	$.50/inquiry $.75/inquiry
Shazam Check Card monthly fee This fee does not apply to Premium Checking or Value Checking Accounts.	$1.00/month
Replace lost Shazam check card	$10.00
Transaction limitations Frequency & Dollar Limitations: - You may make no more than seven transactions per day. - You may not exceed $1,000 in transactions per day, $1,500 in a three-day period, including ATM withdrawals. (This may vary depending on qualifying credit)
Sales ticket retrieval request	$5.00 each Request
Automatic transfer of funds between accounts	$1.00
Check printing	Fee depends on style of check ordered
Certified check	$10.00
Cashier's check	$5.00
Money order	$3.00
Traveler's checks	$1.00 per $100.00
Overdraft (each item paid)	$25.00
Overdraft (maximum charge/day)	$100.00
Nonsufficient funds (each item)	$25.00
Nonsufficient funds (daily maximum)	$100.00
Charge-back fee(deposited checks & other items returned) per item	$2.00
Overdraft Protection	$15.00/yr
Special statement cutoff	$5.00
Account research	$25.00/hr
Account balancing assistance	$25.00/hr
Temporary statement	$1.00
Bill Payment (Club Account) First 2 months free. Unlimited number of transactions Bill Payment (All account types) First 2 months free. Unlimited number of transactions	$3.00/mth $6.00/mth
Stop payment - all items	$15.00+tax
Account Alert	$15.00+tax
Wire transfer (incoming/outgoing) Customer Non-customer International	$15.00 $25.00 $40.00
Garnishments & Levies	$40.00
Photocopies	$.25/copy
Fax Outgoing Incoming	$2.00/page $1.00/page
Escrow	$40.00
Amortization schedule	$5.00
Collections (incoming)	$15.00
Coupon Redemption	$5.00 plus postage
Dormant Accounts	$1.00/month
Coin Counting	10% of amount
**Fees subject to 5% Iowa State tax and any other local tax.
IMPORTANT ACCOUNT INFORMATION FOR OUR CUSTOMERS From Iowa Falls State Bank 601 Washington Avenue P.O. Box 129 Iowa Falls, IA 50126 (641) 648-5171 ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. Preauthorized credits - You may make arrangements for certain direct deposits (for example, from: U.S. Treasury, ABC Company) to be accepted into your checking or savings. Preauthorized payments - You may make arrangements to pay certain recurring bills from your checking or savings. Electronic check conversion - Your check can result in an electronic funds transfer. This can happen in several ways. For example: You can purchase goods or pay for services and authorize a merchant or service provider to convert your check into an electronic funds transfer. At the time you offer a check to a merchant or service provider, you may be asked to authorize the merchant or service provider to electronically collect a charge in the event the check is returned for insufficient funds. Paying such a fee electronically is an electronic funds transfer. Your authorization to make these types of electronic funds transfers may be expressed in writing or implied through the posting of a sign. Xpress banking transactions - types of transactions - You may access your account by telephone using your account number(s), personal identification number (PIN) and touch tone phone to: Transfer funds from checking, savings to checking, savings, loan Get balance information about checking, savings, certificates of deposit, or loans Get withdrawal history about checking, savings, or certificates of deposit Get deposit history about checking, savings, or certificates of deposit Get transaction history about checking, savings, certificates of deposit, or loans You may access your account for telephone transactions 24 hours a day at the following number(s): (641) 648-5000 if calling locally or (866) 657-4455 toll free ATM card transactions - types of transactions - You may access your account(s) by ATM using your ATM card and your account number and personal identification number (PIN Number) to: Deposit funds to checking or savings Withdraw cash from checking or savings Get balance information about checking or savings Transfer funds from checking, savings to checking, savings Some of these services may not be available at all terminals. Debit Card ATM transactions - types of transactions - You may access your account(s) by ATM using your Debit Card and your account number and personal identification number (PIN) (as applicable) to: Deposit funds to checking or savings Withdraw cash from checking or savings Get balance information about checking or savings Transfer funds from checking, savings to checking, savings Some of these services may not be available at all terminals. Debit Card point-of-sale transactions - types of transactions - You may access your checking account(s) by debit card to: Purchase goods in person or by phone Pay for services in person or by phone Get cash from a participating merchant or financial institution Banking to go - types of transfers - You may access your accounts by computer at www.ifsbank.com and using your account number(s) and personal identification number (PIN) to: Transfer funds from checking, savings to checking, savings Make payments from checking, savings to loans Make payments from checking to third parties via Bill Pay Get balance information about checking, savings, certificates of deposit or loans Get withdrawal history about checking, savings, certificates of deposit or loans Get deposit history about checking, savings or certificates of deposit Get transaction history about checking, savings, certificates of deposit or loans Limits and Fees - Please refer to our fee disclosure for information about fees and limitations that may apply to these electronic fund transfers. ATM Operator/Network Fees - When you use an ATM not owned by us, the ATM operator or any network used may charge you a fee (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). Documentation Terminal transfers - You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines or point-of-sale terminals. Preauthorized credits - If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company: The person or company making the deposit will tell you every time they send us the money You can call us at (641) 648-5171 to find out whether or not the deposit has been made. Periodic statements - You will get a monthly account statement from us for your checking account(s). You will get a monthly account statement from us for your savings account(s), unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly. Preauthorized Payments Right to stop payment and procedure for doing so - If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call us at the telephone number listed or write us at the address listed in this disclosure in time for us to receive your request three business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Notice of varying amounts - If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set). Liability for failure to stop payment of preauthorized transfer - If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. Financial Institution's Liability Liability for failure to make transfers - If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: If, through no fault of ours, you do not have enough money in your account to make the transfer. If you have an overdraft line and the transfer would go over the credit limit. If the automated teller machine where you are making the transfer does not have enough cash. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. There may be other exceptions stated in our agreement with you. Confidentiality We will disclose information to third parties about your account or the transfers you make: Where it is necessary for completing transfers; or In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or In order to comply with government agency or court orders; or If you give us written permission. Unauthorized Transfers Consumer liability. Generally, tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within two business days, you can lose no more than $50 if someone used your card and/or code without your permission. (If you believe your card and/or code has been lost or stolen, and you tell us within two business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card and/or code without your permission). If you do NOT tell us within two business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, tell us at once, If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time period. Additional Limits on Liability for Shazam Check debit card, when used for point-of-sale transactions. You will not be liable for any unauthorized transactions using your Shazam Check debit card, when used for point-of-sale transactions, if: (I) you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft, (ii) you have not reported to us two or more incidents of unauthorized use within the prior twelve-month period, and (iii) your account is in good standing. If any of these conditions are not met, your liability is the lesser of $50 or the amount of money, property, labor, or services obtained by the unauthorized use before notification to us. 'Unauthorized use' means the use of your debit card by a person, other than you, who does not have actual, implied, or apparent authority for such use, and from which you receive no benefit. This additional limit on liability does not apply to ATM transactions or to transactions using your personal identification number, which are not processed by MASTERCARD. Contact in event of unauthorized transfer. If you believe that someone has transferred or may transfer money from your account without your permission, call us or write us at the address listed in this disclosure. Error Resolution Notice In case of errors or questions about your electronic transfers, call us or write us at the address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. Tell us your name and account number (if any). Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you has an established account with us before the account is opened. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation. If you have inquiries regarding your account, please contact us at: Iowa Falls State Bank 601 Washington Avenue P.O. Box 129 Iowa Falls, IA 50126 BUSINESS DAYS: Monday, Tuesday, Wednesday, Thursday, and Friday Holidays are not included. PHONE: (641) 648-5171 MORE DETAILED INFORMATION IS AVAILABLE UPON REQUEST.