AABP Award 728x90

West Bancorporation reports higher earnings


West Bancorporation Inc., parent company of West Bank, reported third-quarter net income of $3.4 million, or 19 cents per share, compared with $1.3 million, or 8 cents per share, for the same quarter last year. The bank’s nonperforming assets decreased to $37 million from $53 million at the beginning of the year. Total loans outstanding declined by $35 million during the quarter. “We continue to see reasonable activity in the form of new loan requests, but it is not enough to offset normal run-off in the portfolio due to payoffs and scheduled payments,” said Dave Nelson, West Bancorporation’s president and CEO.

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