West Bancorporation Inc (WTBA) company profile
Close on Nov 13, 2026Market cap $518.13MP/E 12.9Yield 3.29%
About West Bancorporation
State Commercial Banks, SIC 6022
West Bancorporation, Inc. is a financial holding company whose primary business is the ownership and operation of West Bank, a community banking institution. The company operates exclusively in the banking sector, delivering commercial, real estate, and consumer lending solutions alongside trust administration services for estates, conservatorships, personal trusts, and agency accounts. It provides a range of deposit products, including checking, savings, money market accounts, and certificates of deposit, in addition to digital banking and treasury management tools such as cash management, automated clearing house transactions, and merchant processing. Its operations primarily cater to small- to medium-sized commercial enterprises seeking dedicated relationships with a local financial institution, as well as individual consumers.
The company conducts its banking activities through eleven branch locations across central and eastern Iowa and southern Minnesota, serving metropolitan areas such as Des Moines, Coralville, Iowa City, Rochester, Owatonna, Mankato, and St. Cloud. West Bank maintains its corporate headquarters in West Des Moines, Iowa.
Summary of the business section of West Bancorporation's latest annual report, written by StockData.
Company profile
Company
- Legal name
- West Bancorporation Inc
- Founded
- 1893
- Headquarters
- West Des Moines, IA
- Address
- 3330 Westown Parkway 50266
- Phone
- (515) 222-2309
- Website
- westbankstrong.com
- Employees
- 175, Dec 31, 2020
- Industry
- State Commercial Banks
- Incorporated in
- Iowa
- Fiscal year ends
- December 31
- Auditor
- RSM US LLP, Des Moines, Iowa
Stock & identifiers
- Ticker
- WTBA
- Exchange
- Nasdaq
- IPO date
- May 3, 1999
- Shares outstanding
- 17M, Oct 28, 2026
- Public float
- $317.42M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 3-for-2, May 4, 1999
- SEC CIK
- 1166928
- CUSIP
- 95123P106
- ISIN
- US95123P1066
- FIGI
- BBG000BB0WY4
- Share class FIGI
- BBG001S5R194
- LEI
- 549300GKFOINCHIYU666
- EIN
- 42-1230603
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David D. Nelson | CEO & PRESIDENT, Director | 256,492 |
| Harlee Olafson | CHIEF RISK OFFICER | 156,798 |
| Brad L. Winterbottom | EXECUTIVE VICE PRESIDENT | 181,254 |
| Jane M. Funk | CFO | 71,737 |
| Bradley P. Peters | Executive Vice President | 86,524 |
| Steven K. Gaer | Director | 19,236 |
| John Kevin Sorensen | Director | 3,168 |
| Douglas R. Gulling | Director | 101,042 |
| Sean Patrick McMurray | Director | 48,560 |
| Rosemary Parson | Director | 8,148 |
| Therese M. Vaughan | Director | 14,581 |
| Lisa J. Elming | Director | 9,048 |
| James Noyce | Director | 23,821 |
| George D. Milligan | Director | 53,195 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $1.46M | $1.51M | $883.50K | $145 | $159 |
| FY2024 | $1.25M | $1.31M | $736.63K | $106 | $122 |
| FY2023 | $1.30M | $1.13M | $790.26K | $98 | $100 |
| FY2022 | $1.26M | $1.06M | $905.79K | $112 | $98 |
| FY2021 | $1.02M | $1.62M | $765.15K | $131 | $114 |
| FY2020 | $967.52K | $725.87K | $731.86K | $79 | $86 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| David D. Nelson President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $608.00K | $12.16K | $303.49K | $477.25K | $55.60K | $1.46M | +17% |
| Jane M. Funk Executive Vice President, Treasurer and Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of West Bank | $335.00K | $6.70K | $267.79K | $195.96K | $36.71K | $842.16K | +20% |
| Harlee N. Olafson Executive Vice President and Chief Risk Officer of the Company and Executive Vice President, Chief Risk Officer and Chief Operating Officer of West Bank | $387.00K | $7.74K | $267.79K | $226.37K | $35.00K | $923.90K | +20% |
| Brad L. Winterbottom Executive Vice President of the Company and President of West Bank | $387.00K | $7.74K | $267.79K | $226.37K | $35.00K | $923.90K | +20% |
| Bradley P. Peters Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank | $335.00K | $6.70K | $267.79K | $195.96K | $38.61K | $844.05K | +20% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2020, we had 175 employees, of which 162 were full time and 13 were part time.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 31, 2009 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 18, 2004 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
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