West Bancorporation (WTBA) Registration Filing summary

Company overview and business model

• Financial holding company registered under the Bank Holding Company Act, formed in 1984, with a focus on community banking and trust services in Iowa and Minnesota metropolitan areas.

• Operates West Bank, offering commercial, real estate, and consumer loans, as well as trust and treasury management services.

• Provides a full range of deposit services, online and mobile banking, and business treasury management solutions.

• As of December 31, 2025, reported $4.1 billion in assets, $3.5 billion in deposits, and $266 million in shareholders' equity.

Financial performance and metrics

• Consolidated financial statements for 2023-2025 and internal control effectiveness as of December 31, 2025, audited by RSM US LLP.

• Financials and other key data are incorporated by reference from the latest Annual Report on Form 10-K.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including investments in subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment, or acquisitions.

• Proceeds may be temporarily invested or held in deposit accounts at West Bank until used.