---
schema_version: "secwatch.filing_event.v1"
accession: "0001166928-23-000110"
form_type: "8-K"
ticker: "WTBA"
cik: "0001166928"
company_name: "WEST BANCORPORATION INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:48:37.525726+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# West Bancorp Q2 net income $5.9M ($0.35 EPS), down 54% YoY; NIM falls to 2.02%

## Summary
- Net income $5.9M ($0.35 diluted EPS) vs Q1 $7.8M ($0.47) and Q2 2022 $12.7M ($0.75).
- Net interest margin fell to 2.02% from 2.23% in Q1 and 2.93% a year ago, driven by rising deposit costs.
- Deposits increased $37.9M in Q2; estimated uninsured deposits ~27.5% of total.
- Credit quality remains pristine: only $229K loan past due and $309K nonaccrual.
- Board declared $0.25 quarterly dividend, payable Aug 23, 2023 to record Aug 9.

## SEC filing metadata
- accession: 0001166928-23-000110
- form_type: 8-K
- ticker: WTBA
- cik: 0001166928
- company_name: WEST BANCORPORATION INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000110/0001166928-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000110/wtba-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001166928-23-000110
- JSON: https://secwatch.observer/filing/0001166928-23-000110.json
- Plain text: https://secwatch.observer/filing/0001166928-23-000110.txt

## Key facts
- Earnings Releases
  WEST BANCORPORATION INC reported second quarter 2023 results: net income $5.9 million, EPS $0.35 per diluted common share.
  - Period: second quarter 2023
  - Net income: $5.9 million
  - EPS: $0.35 per diluted common share
  - Result: reported results
  source text: today reported second quarter 2023 net income of $5.9 million, or $0.35 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1166928/000116692823000110/0001166928-23-000110-index.htm

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