West Bancorporation Inc. is a financial holding company. The Company owns 100% of the stock of one state chartered bank subsidiary, West Bank, and one registered investment advisory firm, WB Capital Management Inc. (WB Capital). The Company conducts its operations through its banking and investment advisory subsidiaries. West Bank focuses on providing services to small and medium-sized businesses and to individuals who live and/or work within its market areas. West Bank offers all types of credit to its customers, including commercial, real estate, and consumer loans. It also offers a range deposit services, including checking accounts, savings accounts, money market accounts, and time certificates of deposit.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, West Bancorporation, Inc.'s interest income fell 5% to $51.4M. Net interest income after LLP fell 44% to $9.4M. Net loss applic. to common totaled $9.5M, vs. an income of $5.4M. Net interest income reflects lower income from government agencies & corporation and increased loans fees. Net loss reflects higher occupancy expenses, an increased FDIC insurance expenses and the presence of goodwill impairment.
Company Address
West Bancorporation, Inc.
1601 22nd Street West Des Moines IA 50266
P: +1515.2222300