secwatch.observer — SEC 8-K summary
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Issuer:     WEST BANCORPORATION INC (WTBA)
CIK:        0001166928
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001166928-25-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

West Bancorp Q4 net income $7.1M ($0.42 EPS); declares $0.25 dividend; director not seeking re-election
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- Q4 net income $7.1M ($0.42 EPS) vs Q3 $6.0M and Q4 '23 $4.5M; FY net income $24.1M ($1.42) flat YoY.
- Net interest margin (FTE) improved to 1.98% from 1.91% (Q3) and 1.87% (Q4 '23); efficiency ratio 60.79%.
- Deposits +$79M in Q4; brokered deposits down $159.5M; borrowed funds decreased to $392.6M.
- Sold $11.8M securities for net loss $1.2M; recognized $1.8M energy tax credit.
- Director Philip J. Worth not standing for re-election at April 24, 2025 annual meeting; no disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166928/000116692825000002/0001166928-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166928/000116692825000002/wtba-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001166928-25-000002

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