West Bancorporation, Inc. Announces Record Second Quarter
West Bancorporation, Inc., parent company of West Bank, is pleased to report tremendous growth in the second quarter of 2016. West Bank added $106 million to its loan portfolio and added $65 million in deposits.
Net income was $5.5 million, or $0.34 per diluted common share. This is the highest net income ever recorded by the Company for the second quarter of any year.
West Bank Recognized As National Leader by Bank Director Magazine
West Bank has been recognized as a national leader among banks with an asset size of $1 billion to $5 billion, according to Bank Director Magazine.
The publication recently named the top 166 small-to-medium size banks, to which West Bank is ranked 9th on the list. The ranking is based on profitability, capital adequacy, and asset quality metrics.