31.07
+1.77%
Close of 9 Nov 2026, in USD
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About West Bancorporation
From its filings with the US Securities and Exchange Commission
West Bancorporation is based in West Des Moines, Iowa and is incorporated in Iowa. Its shares trade on Nasdaq under the ticker WTBA. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $32.6m. At that date it held total assets of $4.14bn and shareholders' equity of $266.0m.
West Bancorporation, Inc. (the Company or West Bancorporation) is an Iowa corporation and a financial holding company registered under the Bank Holding Company Act of 1956, as amended (BHCA). The Company was formed in 1984 to own West Bank, an Iowa-chartered bank headquartered in West Des Moines, Iowa. West Bank is a business-focused community bank that was organized in 1893. The Company’s primary activity during 2025 was the ownership of West Bank. The Company’s and West Bank’s only business is banking, and therefore, no segment information is presented in this report. For additional information regarding the Company’s segment reporting, see Note 1 of the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K .
As a financial holding company, the Company has additional flexibility to engage in a broader range of financial activities through affiliates than are permissible for bank holding companies that are not financial holding companies. While the Company does not currently have a plan to engage in any new activities, as a financial holding company, it has the ability to respond more quickly to market developments and opportunities.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 22 Nov 1994
- Employees
- 17
- Head office
- 3330 WESTOWN PARKWAY, WEST DES MOINES, IA, 50266
- Incorporated in
- IA
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. James NoyceNon-Executive Independent Chairman of the Board$70,012
- Mr. David NelsonPresident, Chief Executive Officer, Director; Chair and Chief Executive Officer of West Bank, since 2010$836,273
- Ms. Jane FunkChief Financial Officer, Executive Vice President, Treasurer; Director, Executive Vice President and Chief Financial Officer of West Bank$538,388
- Mr. Harlee OlafsonExecutive Vice President, Chief Risk Officer; Director, Executive Vice President, Chief Operating Officer, Chief Risk Officer of West Bank$589,388
- Mr. Bradley PetersExecutive Vice President; Director, Minnesota Group President, Executive Vice President of West Bank$538,388
- Mr. Brad WinterbottomExecutive Vice President; President, Director of West Bank, since 2000$589,388
- Mr. Douglas GullingDirector, since 2001$134,511
- Ms. Lisa ElmingIndependent Director$61,008
- Mr. Steven GaerIndependent Director$55,008
- Mr. Sean McmurrayIndependent Director$64,760
- Mr. George MilliganIndependent Director$80,008
- Ms. Rosemary ParsonIndependent Director$60,012
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 43
- Environment
- 8
- Social
- 48
- Governance
- 72
- Women in the workforce
- 59%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- West Bancorporation Inc has several strengths that contribute to its success:
Weaknesses
- Despite its strengths, West Bancorporation Inc also faces certain weaknesses:
Opportunities
- West Bancorporation Inc can leverage the following opportunities to its advantage:
Threats
- West Bancorporation Inc should be aware of the following potential threats:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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