---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-068338"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2022-06-06T23:59:59+00:00"
generated_at: "2026-06-25T04:13:06.416100+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# West Bancorporation enters $40M term loan with National Exchange Bank & Trust, matures Feb 2027

## Summary
- $40M term loan at floating rate: WSJ Prime minus 1%, floor 2.25%, maturity Feb 5, 2027.
- Secured by pledge of all capital stock of subsidiary West Bank.
- Quarterly payments begin May 5, 2023; principal due at maturity; prepayment premium for refinancing.
- Proceeds to fund capital injection into West Bank and refinance existing loan from same lender.
- Financial covenants include minimum CET1 of $250M for bank and minimum ROA of 1.00% (TTM).

## SEC filing metadata
- accession: 0001104659-22-068338
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2022-06-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000110465922068338/0001104659-22-068338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000110465922068338/tm2216205d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-068338
- JSON: https://secwatch.observer/filing/0001104659-22-068338.json
- Plain text: https://secwatch.observer/filing/0001104659-22-068338.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.