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West Bank parent reports record profits and loan volume

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West Bancorporation Inc. reported fourth-quarter net income of $5.8 million today, a record for any individual quarter and compares with fourth-quarter 2013 net income of $4.3 million, according to a release. The company is the parent of West Bank. Its board declared a regular quarterly dividend of 14 cents per common share, payable Feb.25 to shareholders of record on Feb. 11. Loans reached a record $1.8 billion, up from $992 million at the start of 2014. West Bank expanded its residential mortgage operations in the fourth quarter by adding loan officers at each of its branches.

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