West Bancorporation Inc. reported a net income available to common shareholders of $2 million, or 12 cents per share, for the second quarter of 2010, compared with a net loss of $22.8 million, or $1.32 per share, for the same period last year. “We are pleased to report another profitable quarter,” said Dave Nelson, president and CEO. “Results show continued momentum in the company’s core business. We are not at the level of profitability we desire, but it is nice to have solid results in these economic times.” The results included a loss of $900,000, or 5 cents per share attributed to the company’s investment in a renewable energy closed-end fund. To read the entire report, click here.

Des Moines Area Community College (DMACC) and the state of Iowa are set to sign a major new agreement that would pave the way for DMACC to expand its classroom offerings into the downtown Des Moines area. The college will show architectural renderings, provide tours and give a full description of the project at 1:30 p.m. today. The announcement is set to take place in the lobby area of the Iowa Building at 603 E. 12th St., formerly known as Mercy Medical Center – Capitol. Visit www.businessrecord.com later this afternoon for further details about the agreement.

Sen. Chuck Grassley said Thursday that Iowa will receive a big boost in funding for projects throughout the state in the federal transportation bill that was filed in both the Senate and the House of Representatives. According to a press release, Grassley, a senior member of the House-Senate conference committee, was able to secure $2.3 billion for Iowa projects over the next five years. “The Iowa delegation worked hard to get the state the necessary funding to give Iowans safe roads, bridges, trails, buses and transportation facilities,” Grassley said. “It was important to get this bill done so states like Iowa can plan for their short season when work can be done due to our long winters.” To view the entire release, including the list of projects that were included in the bill for Iowa, click here.

The Federal Home Loan Bank of Des Moines reported its unaudited financial highlights for the second quarter. The bank recorded net incomes of $13.2 million and $43.5 million during the first three and six months of 2010, respectively, compared with net incomes of $75.9 million and $70 million for the same periods in 2009. It said in a release that though the decrease was primarily due to mark-to-market results on derivative and hedging activity reported in other income, net interest income and net interest spread showed improvement over the previous period and quarter. Federal Home Loan Bank expects to file its second-quarter 2010 report with the Securities and Exchange Commission around Aug. 10.

On Thursday, Iowa Attorney General Tom Miller announced three separate actions regarding three professional fund-raisers involving Community Support Inc., Public Safety Communications Inc. and The Campaign Center Inc. The three actions, as well as Miller’s call to renew the Charitable Solicitations Act, which his office said would provide easy, clear online access to Iowans who would like to learn more about Iowa’s registered charitable organizations, may be found by clicking here, here, here, and here, respectively.