West Bank
West Des Moines, IA — Non-member Bank
Active
Vitals
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Total Assets1.8B 5.5 %
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Total Deposits1.6B 6.6 %
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Total Net Loans1.4B 12.3 %
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Net Income23.5M 4.4 %
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Book Value168.3M 5.8 %
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Book Value x2336.6M 5.8 %
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Book Value x3504.9M 5.8 %
Balance Sheet Highlights
Financial Highlights | West Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 1,834,848 | 198,346 |
Total Net Loans | 1,383,758 | 133,864 |
Total Deposits | 1,550,450 | 165,124 |
Total Equity | 168,302 | 22,060 |
Profitability | ||
Net Income | 23,544 | 2,310 |
Return on Average Assets | 1.317 | 1.15 |
Return on Average Equity | 14.243 | 9.92 |
Net Interest Margin | 3.553 | 3.587 |
Efficiency Ratio | 45.167 | 60.34 |
Noninterest Income/Revenue | 10.442 | 13.494 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 89.249 | 77.091 |
Securities/Assets | .168 | .197 |
Total Equity/Total Assets | .092 | .111 |
Tangible Equity/Tangible Assets | .092 | .107 |
Capital Adequacy | ||
Tier 1 Common Capital | 170,006 | 21,135 |
Tier 1 Capital | 170,006 | 21,140 |
Tier 2 Capital | 16,112 | 1,625 |
Total Capital | 186,118 | 22,777 |
Total Risk Weighted Assets | 1,685,965 | 151,308 |
Leverage Ratio | 9.34 | 10.944 |
Common Equity Tier 1 Capital Ratio | 10.08 | 15.631 |
Tier 1 Capital Ratio | 10.08 | 15.631 |
Total Capital Ratio | 11.04 | 16.675 |
Timeline for West Bank
Wb Funding Corporation
Wb Funding Corporation became a new subsidiary organization for West Bank.
View Profile Sep 25 2007Icd Iv, Llc
Icd Iv, Llc became a new subsidiary organization for West Bank.
View Profile Jul 13 2007Hawkeye State Bank
Acquisition: West Bank acquired a new subsidiary, Hawkeye State Bank, 20 years
View Profile Jul 19 2003United Federal Savings Association Of Iowa
Acquisition: West Bank acquired a new subsidiary, United Federal Savings Association Of Iowa, 29 years
View Profile Jun 25 1994Statesman Federal Savings Bank
Acquisition: West Bank acquired a new subsidiary, Statesman Federal Savings Bank, 33 years
View Profile Mar 02 1991Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Hawkeye State Bank | Seller | 154,355 | Acquisition | Discontinued | 7/19/2003 |
United Federal Savings Association Of Iowa | Seller | 196,162 | Failure | 6/25/1994 | |
Statesman Federal Savings Bank | Seller | 422,121 | Failure | 3/2/1991 |
Relationships | Role | Relationship Start | Relationship End |
West Bancorporation, Inc. | Parent | 5/22/1984 | |
Chase Investment Co. | Parent | 12/31/1970 | 9/28/1983 |
Firstar Bank Iowa, National Association | Parent | 6/7/1978 | 12/17/1979 |
Wb Funding Corporation | Subsidary | 9/25/2007 | |
Icd Iv, Llc | Subsidary | 7/13/2007 | 8/12/2014 |
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