West Bancorporation, Inc. (NASDAQ:WTBA) Q4 2023 Earnings Conference Call January 25, 2024 3:00 PM ET Company Participants Jane Funk - EVP, Treasurer & CFO David Nelson - CEO Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Bradley Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Good afternoon, and welcome to West Bancorporation Inc.'s Fourth Quarter 2023 Earnings Call. Please note that this call is being recorded. All participants are n ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q3 2023 Earnings Conference Call October 26, 2023 3:00 PM ET Company Participants David Nelson - Chief Executive Officer Jane Funk - Executive VP, Treasurer and CFO Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Brad Peters - Minnesota Group President Conference Call Participants Andrew Liesch - Piper Sandler Operator Hello. My name is Chris and I'll be your conference operator today. At this time, I'd like to welcome everyone to the West Bancorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-49677 WEST BANCORPORATION, INC. (Exact Name of Registrant as Specified in its Charter) (State of Incorp ...

West Bancorporation NASDAQ: WTBA Q2 2023 | Earnings Highlights Disclaimers Certain statements in this presentation, other than purely historical information, including estimates, projections, statements relating to the Company's business plans, ob and expected operating results, and the assumptions upon which those statements are based, are "forward-hoking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Secti ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q2 2023 Earnings Call July 27, 2023 3:00 PM ET Company Participants Jane M. Funk - Chief Financial Officer David D. Nelson - Chief Executive Officer Harlee N. Olafson - Chief Risk Officer Brad L. Winterbottom - President Brad P. Peters - Minnesota Group President Conference Call Participants Brendan Nosal - Piper Sandler David Welch - River Oaks Capital Hello, everyone, and welcome to the West Bancorporation, Inc. Second Quarter Earnings Call. My name is Emily, and I' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 0-49677 WEST BANCORPORATION, INC. (Exact Name of Registrant as Specified in its Charter) (State of Incorporati ...

West Bancorporation, Inc. (NASDAQ:WTBA) Q1 2023 Earnings Conference Call April 27, 2023 3:00 PM ET Company Participants Jane Funk - Chief Financial Officer Dave Nelson - Chief Executive Officer Harlee Olafson - Chief Risk Officer Brad Winterbottom - President Brad Peters - Regional President, Minnesota Conference Call Participants Brendan Nosal - Piper Sandler David Welch - River Oaks Capital Operator Good afternoon, everyone. Thank you for attending today’s West Bancorporation Q1 Earnings Call. My name is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Commission File Number: 0-49677 WEST BANCORPORATION, INC. (Exact Name of Registrant as Specified in its Charter) (State of Incorporation) (I.R.S. Employer Identification No.) Iowa 42-1230603 1601 22nd Street, West Des Moines, Iowa 50266 (Address of principal executive offices) (Zip ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-49677 WEST BANCORPORATION, INC. (Exact name of registrant as specified in its charter) Iowa 42-1230603 (State or ...

Financial Data and Key Metrics Changes - In 2022, West Bancorporation reported the second strongest earnings year in its 130-year history, with earnings approximately 47% higher than in 2020, despite falling short of 2021 earnings [7] - The net loan growth for the year was about 11.7%, with no loans past due for six consecutive quarters [7][8] - The net interest margin decreased to 2.49% in Q4 2022 from 2.78% in Q3 2022, while loan yields increased to 4.63% from 4.34% [23] Business Line Data and Key Metrics Changes - Excluding PPP loans, loans outstanding grew just under 5% or $128 million in Q4 2022, and over $300 million or 12.7% for the full year [13][14] - The top five loan concentrations included C&I business (20%), multifamily (13%), construction (13%), office and medical office (13%), and warehouses (10%) [11] Market Data and Key Metrics Changes - The retail customer base saw a 4% increase in total deposits, while the commercial customer base experienced a decrease due to customers seeking better returns or using funds for growth [16][17] - The Eastern Iowa team reported substantial loan asset growth and continued to bring in new relationships [12] Company Strategy and Development Direction - The company is focused on building core deposits while also utilizing brokered deposits and Federal Home Loan Bank advances to manage funding costs [29] - Expansion efforts in Minnesota are ongoing, with new facilities planned to enhance business growth [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that rising interest rates have slowed residential and commercial development, but expressed confidence in the company's ability to handle economic challenges [10][11] - The company remains vigilant in monitoring credit quality, with no significant issues anticipated in the near term [34][35] Other Important Information - The company declared a quarterly dividend of $0.25 per common share, payable on February 22, 2023 [8] - The efficiency ratio increased to 50% in Q4 2022, primarily due to a decline in net interest income [24] Q&A Session Summary Question: How do you expect loan growth to shape up for 2023? - Management indicated that while the pipeline is okay, they do not anticipate the same growth as in previous quarters due to rising interest rates [27] Question: How much of the secured book cash flows in 2023? - Approximately $70 million of principal is projected to roll off the investment portfolio in 2023 [28] Question: What are your thoughts on deposit pricing and the current cycle? - Management noted that deposit sensitivity to Fed rates is high, and improvements in funding costs will depend on the Fed's actions [30] Question: What leverage do you have to address margin compression? - Management expects modest expense growth and is closely monitoring noninterest expenses [33] Question: What are your capital priorities for the new year? - The company plans to maintain strong core capital and regulatory capital, with no significant changes to its capital strategy anticipated [38]