WEST BANCORPORATION INC
Business
West Bancorporation Inc. is a financial holding company that owns West Bank, an Iowa-chartered community bank organized in 1893. West Bank provides full-service community banking and trust services, including commercial, real estate, and consumer loans; deposit services such as checking, savings, and money market accounts; and treasury management, online banking, and mobile banking services. The company operates 11 locations across central Iowa, eastern Iowa, and southern Minnesota, serving small- to medium-sized businesses and personal customers in the Des Moines, Iowa City, Coralville, Rochester, Owatonna, Mankato, and St. Cloud markets.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 167 | 166 | 143 | 107 | 96 | |
| Taxable | 10 | 13 | 14 | 13 | 9 | |
| Tax-exempt | 3 | 3 | 4 | 4 | 3 | |
| Deposits with banks | 9 | 8 | 169,000 | 203,000 | 292,000 | |
| Securities purchased under agreements to resell | 3 | 0 | 0 | — | — | |
| Total interest income | 192 | 190 | 160 | 123 | 107 | |
| Deposits | 88 | 97 | 67 | 23 | 8 | |
| Federal funds purchased and other short-term borrowings | 0 | 4 | 10 | 2 | 5,000 | |
| Subordinated notes | 4 | 4 | 4 | 3 | 1 | |
| FHLB advances | 9 | 10 | 8 | — | — | |
| Long-term debt | 2 | 2 | 3 | 2 | 316,000 | |
| Interest expense | 103 | 119 | 91 | 32 | — | |
| Net interest income | 89 | 71 | 69 | 92 | 95 | |
| Credit loss expense (benefit) | 0 | 1 | 700,000 | −3 | −2 | |
| Net interest income after credit loss expense | 89 | 70 | 68 | 94 | 97 | |
| Increase in cash value of bank-owned life insurance | 1 | 1 | 1 | 964,000 | 923,000 | |
| Gain from bank-owned life insurance | 0 | 0 | 691,000 | 0 | 0 | |
| Loan swap fees | 0 | 0 | 431,000 | 835,000 | 66,000 | |
| Securities (gains)losses, net | −4 | −1 | −431,000 | 0 | — | |
| Other income | 2 | 1 | 1 | 2 | 2 | |
| Total noninterest income | 6 | 8 | 10 | 10 | 10 | |
| Salaries and employee benefits | 29 | 28 | 27 | 26 | 23 | |
| Occupancy and equipment | 8 | 7 | 6 | 5 | 5 | |
| Data processing | 3 | 3 | 3 | 3 | 2 | |
| Technology and software | 3 | 3 | 2 | 2 | — | |
| FDIC insurance | 2 | 3 | 2 | 996,000 | 2 | |
| Professional fees | 1 | 1 | 1 | 874,000 | 946,000 | |
| Other expenses | 7 | 7 | 8 | 7 | 7 | |
| Total noninterest expense | 54 | 51 | 49 | 45 | 43 | |
| Income before income taxes | 41 | 27 | 30 | 59 | 63 | |
| Income taxes | 9 | 3 | 6 | 13 | 13 | |
| Net income | 33 | 24 | 24 | 46 | 50 | |
| Basic earnings per common share | 1.92 | 1.43 | 1.44 | 2.79 | 3 | |
| Diluted earnings per common share | 1.92 | 1.42 | 1.44 | 2.76 | 2.95 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 25 | 29 | 33 | 25 | 18 | |
| Interest-earning deposits with banks | 325 | 215 | 32 | 2 | 175 | |
| Securities purchased under agreements to resell | 121 | 0 | — | — | — | |
| Cash and cash equivalents | 471 | 243 | — | — | — | |
| Securities available for sale, at fair value | 468 | 545 | 624 | 664 | 759 | |
| Federal Home Loan Bank stock, at cost | 15 | 15 | 23 | 19 | 10 | |
| Loans | 3,002 | 3,005 | 2,928 | — | — | |
| Allowance for credit losses, excluding accrued interest | −31 | −30 | −28 | — | — | |
| Loans, after allowance for credit losses | 2,971 | 2,974 | 2,899 | — | — | |
| Premises and equipment, net | 108 | 110 | 86 | 53 | 35 | |
| Accrued interest receivable | 12 | 13 | 14 | 12 | 9 | |
| Bank-owned life insurance | 46 | 45 | 44 | 45 | 44 | |
| Deferred tax assets, net | 26 | 33 | 34 | 37 | 11 | |
| Other assets | 24 | 36 | 36 | 40 | 13 | |
| Total assets | 4,142 | 4,015 | 3,826 | 3,613 | 3,500 | |
| Noninterest-bearing demand | 540 | 541 | 549 | 694 | 720 | |
| Interest-bearing demand | 578 | 544 | 481 | 536 | 548 | |
| Savings and money market | 1,840 | 1,644 | 1,440 | 1,238 | 1,551 | |
| Time | 511 | 629 | 504 | 413 | — | |
| Total deposits | 3,468 | 3,358 | 2,974 | 2,880 | 3,016 | |
| Subordinated notes, net | 80 | 80 | 80 | 79 | 20 | |
| Federal Home Loan Bank advances | 270 | 270 | 315 | 155 | 125 | |
| Long-term debt | 26 | 43 | 48 | 51 | 52 | |
| Accrued expenses and other liabilities | 31 | 37 | 34 | 36 | 24 | |
| Total liabilities | 3,876 | 3,787 | 3,601 | 3,402 | 3,240 | |
| COMMITMENTS AND CONTINGENCIES (Note 17) | — | — | — | — | — | |
| Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value; authorized 50,000,000 shares; 16,940,785 and 16,832,632 shares issued and outstanding at December 31, 2025 and 2024, respectively | 3 | 3 | 3 | 3 | 3 | |
| Additional paid-in capital | 37 | 36 | 34 | 32 | 30 | |
| Retained earnings | 294 | 279 | 271 | 268 | 238 | |
| Accumulated other comprehensive loss | −69 | −89 | −84 | −91 | −11 | |
| Total stockholders equity | 266 | 228 | 225 | 211 | 260 | |
| Total liabilities and stockholders equity | 4,142 | 4,015 | 3,826 | 3,613 | 3,500 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net amortization and accretion | 3 | 3 | 3 | 3 | 2 | |
| Stock-based compensation | 3 | 3 | 3 | 3 | 3 | |
| Depreciation | 5 | 4 | 2 | 1 | 2 | |
| Provision for deferred income taxes | 352,000 | 3 | 447,000 | 2 | 82,000 | |
| (Increase) decrease in accrued interest receivable | 843,000 | 756,000 | −2 | −3 | 2 | |
| (Increase) decrease in other assets | 1 | −1 | −3 | 1 | 2 | |
| Increase (decrease) in accrued expenses and other liabilities | −1 | 3 | −3 | 9 | 16,000 | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation | 46 | 40 | 25 | 59 | 58 | |
| Proceeds from sales of securities available for sale | 64 | 12 | 11 | 0 | 30 | |
| Proceeds from principal paydowns, maturities and calls of securities available for sale | 41 | 56 | 42 | 80 | 96 | |
| Purchases of Federal Home Loan Bank stock | −324,000 | −58 | −115 | −75 | −2 | |
| Proceeds from redemption of Federal Home Loan Bank stock | 286,000 | 66 | 112 | 66 | 4 | |
| Net increase in loans | −8 | −77 | −185 | −287 | −175 | |
| Proceeds of principal and earnings from bank-owned life insurance | 0 | 0 | 2 | 0 | 0 | |
| Purchases of premises and equipment | −3 | −26 | −36 | −21 | −9 | |
| Net Cash Provided by (Used in) Investing Activities, Total | 93 | −27 | −169 | −358 | −537 | |
| Net increase in deposits | 111 | 384 | 93 | −136 | 315 | |
| Net decrease in federal funds purchased and other short-term borrowings | 0 | −150 | −50 | 197 | −2 | |
| Net increase (decrease) in Federal Home Loan Bank advances | 0 | −45 | 160 | 30 | −50 | |
| Principal payments on long-term debt | −5 | −5 | −4 | −35,000 | −5 | |
| Common stock dividends paid | −17 | −17 | −17 | −17 | −16 | |
| Restricted stock units withheld for payroll taxes | −1 | −1 | −935,000 | −2 | −1 | |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation | 88 | 166 | 182 | 132 | 276 | |
| Net increase (decrease) in cash and cash equivalents | 228 | 178 | 39 | −166 | −204 | |
| Cash payments for interest | 106 | 117 | 88 | 29 | 13 | |
| US federal income taxes paid | 4 | 370,000 | 4 | — | — | |
| Iowa income taxes paid | 440,000 | 630,000 | 1 | — | — | |
| Minnesota income taxes paid | 820,000 | 480,000 | 590,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 98 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $200.38M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| ISHARES Tr | — | 36.9K | $15.74M | 7.8% |
| ISHARES Tr | — | 73.1K | $15.63M | 7.8% |
| Vanguard Whitehall FDS | — | 88.5K | $13.11M | 6.5% |
| Vanguard Whitehall FDS | — | 133.2K | $12.56M | 6.3% |
| Vanguard Index FDS | — | 17.5K | $10.44M | 5.2% |
| ISHARES Tr | — | 106.1K | $10.31M | 5.2% |
| West Bancorporation INC | — | 418.2K | $9.95M | 5.0% |
| ISHARES Tr | — | 13.3K | $8.69M | 4.3% |
| SPDR S&P 500 EFT Trust | — | 12.7K | $8.24M | 4.1% |
| Vanguard Index FDS | — | 15.6K | $6.79M | 3.4% |
Frequently asked questions
What is WEST BANCORPORATION INC's CIK number?
WEST BANCORPORATION INC's SEC CIK number is 0001166928 (1166928). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find WEST BANCORPORATION INC's SEC filings?
All of WEST BANCORPORATION INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did WEST BANCORPORATION INC last report earnings?
WEST BANCORPORATION INC (WTBA) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001166928-26-000024). This is WEST BANCORPORATION INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is WEST BANCORPORATION INC's most recent earnings 8-K?
WEST BANCORPORATION INC's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001166928-26-000024. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View WEST BANCORPORATION INC's latest earnings 8-K →
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