West Bancorporation Inc. reported its best third quarter since its founding 122 years ago, with net income of $5.4 million, or 34 cents per share, up from $5.1 million, or 32 per share, for the same period last year. “Our momentum continued in the third quarter,” Dave Nelson, president and CEO of West Bancorporation, said in a release. “This is the fifth quarter in a row we have had record earnings for each respective quarter.”  For the first nine months of the year, West Bancorporation’s profit was $15.8 million, or 98 per share, up from $14.2 million, or 89 cents per share, for the first nine months of 2014. For the third quarter, the West Des Moines-based parent of West Bank reported loan volume of $1.2 billion compared with $1 billion a year ago, and total assets of $1.7 billion. West Bancorporation also reported that its efficiency has improved for the quarter and the year, indicating that it is spending less money to make more money.