West Bancorporation Inc., parent company of West Bank, today reported 2021 net income of $49.6 million, or $2.95 per diluted common share, compared to 2020 net income of $32.7 million, or $1.98 per diluted common share. Net income for the fourth quarter of 2021 was $11.9 million, or 71 cents per diluted common share, compared to fourth quarter 2020 net income of $8.6 million, or 52 cents per diluted common share. On Wednesday, the company’s board of directors declared a regular quarterly dividend of 25 cents per common share, a one-cent increase from the prior quarter and representing a record-high quarterly dividend for the company. “West Bancorporation, Inc. experienced extraordinary financial performance in 2021,” President and CEO Dave Nelson said in an earnings release. Among the results, net income increased 52% year-over-year in 2021, and net interest income was 15% higher than 2020. Total assets increased to $3.5 billion as of Dec. 31, compared to $3.2 billion at year-end 2020. Loan growth was 16% and deposits grew by 12%, and credit quality continues to improve, Nelson said. The company will discuss its financial results on a conference call scheduled for 10 a.m. Friday. The telephone number for the conference call is 888-339-0814. A recording of the call will be available until Feb. 11 by dialing 877-344-7529. The replay passcode is 3153348.