West Bank ranked among top 10% of exchange-traded community banks
West Bank was recently ranked as the No. 12 top-performing Community Bank in America by Raymond James for 2021. The West Des Moines-based bank has been recognized on the list in eight of the last nine years, said Dave Nelson, West Bank’s chairman and CEO, and was the only Iowa-based bank in the rankings. The 10th annual Raymond James Community Bankers Cup awards recognize the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics. West Bank was among 23 banks recognized from a pool of 229 exchange-traded banks considered for recognition with assets between $500 million and $10 billion as of Dec. 31, 2021. The banks considered exclude mutual holding companies and potential acquisition targets. The one-year average stock price performance of the 2021 Raymond James Community Bankers Cup winners was 59.7%, well outperforming the industry as measured by the Nasdaq Bank Index, which was up 39.7%. West Bank’s one-year stock performance was 61%; over the past five years its stock is up 25.8%, according to the Raymond James analysis.