Iowa First Bancshares Corp. operates as the holding company for First National Bank of Muscatine and First National Bank in Fairfield, which provide commercial banking services to individuals and businesses in the state of Iowa. As of December 31, 2008, the company operated six locations in Muscatine, Iowa; and two locations in Fairfield, Iowa. Products and Services The company’s deposit products include checking, savings, money market, and time deposit accounts. Its loan portfolio comprises commercial loans; consumer loans; real estate loans; including construction and mortgage loans; and installment loans. The company also offers various services consisting of safe deposit facilities, transmitting of funds, trust services, debit and credit cards, Internet banking, and automated teller machines. Investment Portfolio As of December 31, 2008, the company’s investment portfolio included U.S government agencies, mortgage-backed securities, state and political subdivisions, and other securities.