West Bancorporation ranks among top community banks in the nation
Wednesday, March 15, 2017 10:28 AM
West Bancorporation Inc. ranks fourth among publicly traded banks with assets of between $500 million and $10 billion, according to Raymond James & Associates Inc. The investment bank and research firm evaluated 281 banks for its Community Bankers Cup, was selected 28 for the honor. This is the fourth consecutive year that West Bancorporation, which had assets of $1.8 million at the end of 2016, has made the list of top banks. The ranking is based on nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity. West Bancorporation was the only banking operation in Iowa and Minnesota, the two markets where it does business, to receive the recognition.