secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001166928-23-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692823000110/0001166928-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692823000110/wtba-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001166928-23-000110

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