secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001166928-24-000106
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

West Bancorp Q3 net income $6.0M ($0.35 EPS); dividend $0.25 declared
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- Diluted EPS $0.35 vs $0.31 in Q2 2024; net interest margin improved to 1.91% from 1.86%.
- Loans grew $22.4M (3.0% annualized); deposits up $97.6M including $55.6M brokered.
- Nonperforming assets remained negligible at 0.01%; allowance for credit losses 0.97% of loans.
- Efficiency ratio improved to 63.28% from 67.14% in Q2 2024.
- Dividend $0.25 per share payable Nov 20, record Nov 6.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692824000106/0001166928-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692824000106/wtba-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001166928-24-000106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer