WEST BANCORPORATION INC
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
WTBA$31.07+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
| (in thousands, except share and per share data) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $34,157 | $33,245 |
| Interest-bearing deposits | 123,646 | 32,112 |
| Cash and cash equivalents | 157,803 | 65,357 |
| Securities available for sale, at fair value | 597,745 | 623,919 |
| Federal Home Loan Bank stock, at cost | 17,195 | 22,957 |
| Loans | 3,021,221 | 2,927,535 |
| Allowance for credit losses | (29,419) | (28,342) |
| Loans, net | 2,991,802 | 2,899,193 |
| Premises and equipment, net | 106,771 | 86,399 |
| Accrued interest receivable | 13,842 | 13,581 |
| Bank-owned life insurance | 44,703 | 43,864 |
| Deferred tax assets, net | 30,679 | 34,303 |
| Other assets | 28,026 | 36,185 |
| Total assets | $3,988,566 | $3,825,758 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing demand | $525,332 | $548,726 |
| Interest-bearing demand | 438,402 | 481,207 |
| Savings and money market | 1,605,620 | 1,440,076 |
| Time | 709,199 | 503,770 |
| Total deposits | 3,278,553 | 2,973,779 |
| Federal funds purchased and other short-term borrowings | — | 150,270 |
| Subordinated notes, net | 79,828 | 79,631 |
| Federal Home Loan Bank advances | 315,000 | 315,000 |
| Long-term debt | 43,986 | 47,736 |
| Accrued expenses and other liabilities | 35,846 | 34,299 |
| Total liabilities | 3,753,213 | 3,600,715 |
| COMMITMENTS AND CONTINGENCIES (NOTE 8) | ||
| STOCKHOLDERS' EQUITY | ||
| Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2024 and December 31, 2023 | — | — |
| Common stock, no par value; authorized 50,000,000 shares; 16,832,632 and 16,725,094 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 3,000 | 3,000 |
| Additional paid-in capital | 34,960 | 34,197 |
| Retained earnings | 275,724 | 271,369 |
| Accumulated other comprehensive loss | (78,331) | (83,523) |
| Total stockholders' equity | 235,353 | 225,043 |
| Total liabilities and stockholders' equity | $3,988,566 | $3,825,758 |
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