Raymond James says West Bank is a ‘top performer,’ again
West Bancorporation Inc., parent company of West Bank, is among the top 10 percent of publicly traded banks with assets of between $500 million and $10 billion, Raymond James & Associates Inc. said. The financial adviser examined 306 banks and identified 31 as recipients of its Community Bankers Cup, based on the six financial performance and stability measures of nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity. West Bancorporation ranked No. 4 overall, and was one of five Midwest banks that received the recognition. “This is something we are very proud of because we are a reflection of our community and our customers,” West Bancorporation President and CEO Dave Nelson said in an email. This is the second consecutive year that Raymond James has named West Bancorporation a top bank.