West Bancorporation Inc., the West Des Moines-based parent company of West Bank, today reported third quarter 2021 net income of $12.7 million, or 76 cents per share, compared with third quarter 2020 net income of $8.1 million, or 49 cents per share. For the first nine months of 2021, net income was $37.7 million, or $2.25 per diluted common share, compared with $24.2 million, or $1.46 per share, for the same period last year. On Wednesday, the company’s board of directors declared a regular quarterly dividend of 24 cents per common share. “West Bancorporation, Inc. is experiencing extraordinary financial performance this year,” Dave Nelson, president and CEO, said in a release. “Net income for the first nine months of 2021 has already exceeded our fiscal year 2020 net income.” Loan growth, excluding Paycheck Protection Program loans, was 10.1% for the first nine months of 2021, and year over year loan growth was 14.3%, also exclusive of PPP loan activity. Construction of West Bank’s permanent branch office in Sartell, Minn., a suburb of St. Cloud, is expected to be completed in January 2022. The company has also purchased land and started planning for the construction of a permanent branch office in Mankato, Minn.