Welcome to our dedicated page for West Bancorporation SEC filings (Ticker: WTBA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for West Bancorporation, Inc. (Nasdaq: WTBA), the Iowa-based financial holding company and parent of West Bank. Through these regulatory documents, investors can review detailed information about the company’s community banking operations, which focus on lending, deposit services and trust services for consumers and small- to medium-sized businesses.
Key filings include the annual report on Form 10-K, which presents audited financial statements, management’s discussion and analysis, and risk factor disclosures covering topics such as interest rate risk, credit risk, liquidity, competitive pressures, technological change and broader economic and regulatory conditions. Quarterly reports on Form 10-Q update these discussions with unaudited financial data, including net interest income, net interest margin, efficiency ratio, loan and deposit balances, nonperforming assets to total assets and allowance for credit losses.
Current reports on Form 8-K document material events, such as quarterly earnings announcements, dividend declarations and certain corporate governance matters. For example, recent 8-K filings have reported quarterly earnings results, the declaration of regular quarterly dividends and a director’s decision not to stand for re-election, along with furnished earnings presentations.
On Stock Titan, these WTBA filings are updated in near real time as they are released on EDGAR. AI-powered summaries help explain the key points in lengthy documents, highlighting changes in credit quality metrics, loan and deposit trends, capital measures and disclosed risks. Users can quickly locate specific forms, compare disclosures across periods and use the structured information to analyze West Bancorporation’s financial condition, performance and regulatory reporting history.
West Bancorporation, Inc. reported 2025 consolidated results and an annual report highlighting stronger earnings, preserved capital and pristine asset quality.
Net income was $32,560 (thousands) for the year ended December 31, 2025, up from $24,050 in 2024. Net interest income improved to $88,981, while deposits were $3,468,470 and stockholders' equity was $265,985 as of December 31, 2025. The company reported no nonperforming loans at year end and capital ratios exceeding well-capitalized benchmarks.
West Bancorporation, Inc. is asking stockholders to vote at its April 23, 2026 annual meeting on three key items: electing eight directors, approving 2025 named executive officer pay on an advisory basis, and ratifying RSM US LLP as auditor for 2026.
The proxy highlights a largely independent board with separate Chair and CEO roles, mandatory retirement at 73, and fully independent key board committees. Executive pay is designed around pay-for-performance, with 2025 net income of 32.6 million, diluted EPS of $1.92, ROE of 13.47%, an efficiency ratio of 54.11%, dividends of $1.00 per share, and no nonperforming assets at year-end. Annual bonuses are tied to relative performance versus a 20‑bank peer group, and 2025 bonuses paid out above target, alongside time‑based and performance‑based RSUs that vest over multi‑year periods.
West Bancorporation, Inc. files a shelf prospectus to offer up to $125,000,000 of common stock, preferred stock, debt securities, warrants, depositary shares, subscription rights, stock purchase contracts, units and related instruments from time to time. The prospectus permits multiple series and sale methods and requires a prospectus supplement for specific terms.
The company lists 16,940,785 shares of common stock issued and outstanding as of February 26, 2026. As context, West Bancorporation reported $4.1 billion in assets, $3.5 billion in deposits and $266 million in shareholders’ equity as of December 31, 2025. The company’s common stock trades on Nasdaq Global Select Market and closed at $24.92 on February 26, 2026.
West Bancorporation, Inc. reports modest 2025 balance sheet growth while detailing its business model and regulatory environment. Total assets reached $4.1 billion, up 3.2% from $4.0 billion, and deposits rose to $3.5 billion, a 3.3% increase, reflecting continued customer expansion in Iowa and Minnesota markets.
The company emphasizes commercial and commercial real estate lending, noting high CRE concentrations that require heightened risk management. It paid $1.00 per share in 2025 dividends and declared a $0.25 quarterly dividend for early 2026. The tangible common equity ratio improved to 6.42% from 5.68%, and management highlights strong capital, extensive regulation, cybersecurity and AI-related risks, human capital initiatives, and a wide range of macroeconomic and credit risks that could affect future performance.
WINTERBOTTOM BRAD L reported acquisition or exercise transactions in this Form 4 filing.
West Bancorporation Inc. Executive Vice President Brad L. Winterbottom received an equity award of 15,000 shares of common stock on February 23, 2026. The shares were granted at no cash cost as restricted stock units. According to the award terms, 7,500 units vest in five equal annual installments starting March 25, 2027, and the remaining 7,500 units cliff vest on March 25, 2029, if specified performance goals are met. After this grant, he directly holds 155,470 shares, with additional indirect holdings through his spouse and a 401(k) plan.
West Bancorporation Inc. Executive Vice President Bradley P. Peters reported an equity award of 15,000 shares of common stock, acquired as restricted stock units at a stated price of $0.00 per share. After this grant, his directly held common stock position is 93,354 shares.
The award consists of 7,500 restricted stock units that vest in five equal annual installments beginning on March 25, 2027, and 7,500 performance-based units that cliff vest on March 25, 2029, if specified performance criteria set by the Compensation Committee are met. Separately, 260 previously reported performance stock units did not vest because their performance conditions were not achieved.
West Bancorporation reported that chief risk officer Harlee Olafson received a grant of 15,000 shares of common stock at no cost. Footnotes explain this came from restricted stock units, with 7,500 units vesting in five equal annual installments beginning March 25, 2027, and 7,500 units cliff vesting on March 25, 2029, subject to performance criteria. The filing also notes that 325 previously reported performance stock units did not vest and that 990 additional shares were acquired in a 401(k) through dividend reinvestment purchases during 2025.
West Bancorporation Inc. CEO and President David D. Nelson reported an equity award in the form of 17,000 shares of common stock granted as restricted stock units. Of these, 8,500 units vest in five equal annual installments beginning on March 25, 2027, and the remaining 8,500 units cliff vest on March 25, 2029 if performance criteria set by the Compensation Committee are achieved.
After this award, Nelson directly holds 124,966 shares of common stock. He also has indirect ownership of 107,457 shares through the Katherine A. Nelson Revocable Trust and 31,695 shares through a 401(k) plan, which includes 1,169 shares acquired via dividend reinvestment between April 1, 2025 and December 31, 2025. In addition, 325 previously reported performance stock units did not vest because the related performance conditions were not satisfied.
West Bancorporation Inc. Chief Financial Officer Jane M. Funk reported an equity award and related share updates. She acquired 15,000 shares of common stock on February 23, 2026 as a grant, award, or other acquisition at a stated price of $0.0000 per share, bringing her directly held total to 78,269 shares.
Footnotes explain this reflects a grant of restricted stock units, with 7,500 units vesting in five equal annual installments beginning March 25, 2027 and 7,500 units that cliff vest on March 25, 2029 if performance criteria set by the Compensation Committee are met. Separately, 260 previously reported performance stock units did not vest because performance conditions were not satisfied. In addition, 11 shares were acquired through dividend reinvestment purchases in the employee savings 401(k) plan during the period from January 1, 2025 through December 31, 2025, and indirect 401(k) holdings now total 220 shares.