West Bancorporation reports fourth-quarter results
West Bancorporation Inc. reported a net income available to common shareholders of $2.9 million, or 17 cents per share, for the fourth quarter of 2010, compared with $2.2 million, or 13 cents per share, for the year-earlier period. The bank also reported a $650,000 provision for loan losses for the fourth quarter, as well as write-downs on other real estate owned of $959,000. For the year 2010, net income available to the bank’s common shareholders was $11.1 million, compared with a net loss of $16.9 million the prior year.
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