West Bancorporation Inc. in West Des Moines has been recognized among the top 10% of community banks in the United States as part of the 2020 Raymond James Community Bankers Cup awards. West Bancorporation, the parent company of West Bank, was ranked No. 21 nationally among the 25 financial institutions recognized and was the only Iowa-based bank on the list. West Bank was selected from a field of 241 publicly traded community banks with assets between $500 million and $10 billion as of year-end 2020. “We’re very pleased and excited” about the recognition, CEO Dave Nelson said, noting that West Bank has won this award in seven of the past eight years. The rankings reflect a tough year for community banks — the one-year average stock price performance of the 25 Bankers Cup winners was a decline of 7.9%, which still outperformed the industry as measured by the Nasdaq Bank Index, which declined 10.6%, according to the report. The top banks demonstrated superior performance on a relative basis in one or more of the six financial performance and stability measurements. Last month, West Bank was also recognized as No. 10 in the country among the 50 top-performing large community banks by S&P Global Market Intelligence.