West Bancorporation Inc. today reported
fourth-quarter net income of $3.9 million, or 22 cents per share, compared with
$3.7 million, or 21 cents per share, for the fourth quarter of 2011. The West
Des Moines-based parent of West Bank also declared a quarterly dividend of 10
cents per share. The bank's outstanding loans totaled $927 million in 2012, up
from $854 million at the end of the third quarter, and customer deposits
increased by 19 percent in 2012. "We had a strong pipeline of new business
throughout the year and were able to close on much of that business in the
fourth quarter," West Bancorporation President and CEO David Nelson said
in a release. The company will discuss its fourth-quarter results during a
conference call at 2 p.m. today. The telephone number for the conference call
is 877-317-6016.