The traditional colors if Iceland, white and blue, are those of the civil flag adopted in 1915. The typical cross reflects the country's place in the Scandinavian cultural area. The state flag, which is also used by the armed forces, is a swallow tailed, a form that is frequently used in the Scandinavian area.
The national coat of arms, on a base representing part of the rocky coast, includes a bull, a vulture, a dragon, and a giant, the island's four legendary protectors which appear in the so-called "Heimskringla."
Iceland flags for display with flag poles, including residential flagpoles and such are available here.