West Bank
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Data as of · sourced from FFIEC call reports. How we update
West Bank is an FDIC-insured commercial bank headquartered in West Des Moines, IA, established in 1893 (FDIC certificate 15614), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $4.03B, down 0.7% from Q2 2025, the 4th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 13.03% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15614
- Headquarters
- West Des Moines, IA
- Established
- 1893
- Total assets, Q2 2026
- $4.03B
- Assets vs Q2 2025
- -0.7%
- CET1 ratio, Q2 2026
- 13.03%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 073903354
- Latest call report
- Q2 2026, FFIEC 041 · West Bank call report
- Holding company
- WEST BANCORPORATION, INC.
- Asset rank in state
- 4th of 225 in Iowa
West Bank, based in West Des Moines, Iowa, reported $4.0 billion in assets at June 30, 2026. It keeps 2.77 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also holds commercial real estate loans worth 3.8 times its capital, higher than about 9 in 10 banks its size (median 2.2 times).
Earnings jumped: net income for the quarter was $12 million, 32% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $93 million equal 21% of Tier 1 capital, down from 27% a year earlier. Funding is the softer spot: it holds about half of its deposits (50%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, West Bank reported a CET1 capital ratio of 13.03%, a return on assets of 1.19%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, West Bank is the 4th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.5% to $4.03B, loans fell 1.4% and deposits rose 0.3%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 32.8% of total loans, followed by multifamily loans at 17.1%. Its 11 offices in the FDIC Summary of Deposits are in 8 cities across 2 states; its West Des Moines 2 offices book 70% of its branch deposits. By the capital ratios in its Q2 2026 call report, West Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 3330 Westown Parkway, West Des Moines, IA 50266
- County
- Polk
- Metro Area
- Des Moines-West Des Moines, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 041
- Established
- January 1, 1893
- Former names
- West Des Moines State Bank (1972-2003)
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 190
- Domestic deposits
- $3.35B
- Allowance for credit losses
- $30.5M
- Net charge-offs (YTD)
- -$5K
- Average total assets
- $4.12B
- Average total loans
- $2.97B
- Average interest-bearing deposits
- $2.82B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 15614
- Fed RSSD
- 139740
- SEC CIK
- 1166928 → filed by WEST BANCORPORATION, INC.
- Website
- WWW.WESTBANKSTRONG.COM →
- Parent Holding Company
- WEST BANCORPORATION, INC. (RSSD 1210066) · WTBA
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| David D Nelson | CEO | CEO & PRESIDENT |
| Jane M Funk | CFO | CFO |
| Harlee Olafson | CRO | CHIEF RISK OFFICER |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
West Bank's total assets moved between a low of $3.70B (Q3 2023) and a high of $4.14B (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.03B total assets against $4.06B; $3.65B total liabilities against $3.71B.
$2.92B net loans and leases against $2.94B; $3.35B total deposits against $3.40B.
$446.6M securities against $536.7M; $291.6M cash and balances due against $248.2M.
$48.5M total interest income against $48.0M; $21.5M total interest expense against $25.0M.
$27.0M net interest income against $23.0M.
$2.6M total noninterest income against $2.4M; $13.6M total noninterest expense against $13.3M.
$0 provision for credit losses against $0.
$12.3M net income against $9.3M.
1.19% return on assets against 0.90%; 2.77% net interest margin against 2.35%.
13.03% CET1 capital ratio against 12.29%; 10.79% tier 1 leverage ratio against 10.36%.
Inside the full West Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
West Bank rankings
Its closest position to the top of a national ranking is 325 of 4,196, for total assets; its furthest is 3,353 of 3,640, for Texas Ratio.
Metric pages for West Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.72% (Q3 2024) to 1.19% (Q2 2026) and its net interest margin ran from 2.03% (Q3 2024) to 2.77% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.03% | 1.19% | 0.00% | 0.00% | 2.77% |
| Q1 2026 | 12.61% | 1.15% | 0.00% | 0.00% | 2.65% |
| Q4 2025 | 12.44% | 0.83% | 0.00% | 0.00% | 2.59% |
| Q3 2025 | 12.26% | 1.03% | 0.00% | 0.00% | 2.47% |
| Q2 2025 | 12.29% | 0.90% | 0.00% | 0.00% | 2.35% |
| Q1 2025 | 11.99% | 0.90% | 0.01% | 0.05% | 2.34% |
| Q4 2024 | 11.95% | 0.79% | 0.00% | 0.04% | 2.09% |
| Q3 2024 | 11.86% | 0.72% | 0.01% | 0.06% | 2.03% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| West Bank (main office) | West Des Moines , IA | 50266 | $2.29B |
| Coralville Branch | Coralville , IA | 52241 | $369.0M |
| Rochester Branch | Rochester , MN | 55901 | $217.0M |
| West Bank - Sartell Branch | Sartell , MN | 56303 | $208.4M |
| South Branch | Des Moines , IA | 50315 | $61.3M |
| Grand Avenue Branch | West Des Moines , IA | 50265 | $58.5M |
| Waukee Branch | Waukee , IA | 50263 | $45.1M |
| Owatonna Branch | Owatonna , MN | 55060 | $34.4M |
| West Bank - Mankato Branch | Mankato , MN | 56001 | $32.5M |
| East Branch | Des Moines , IA | 50317 | $28.9M |
| City Center Branch | Des Moines , IA | 50309 | $10.3M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 19, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 19, 2003 | Structure Change | Acquired Hawkeye State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 25, 1994 | Structure Change | Acquired United Federal Savings Association of Iowa Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 24, 1994 | Merger | Rtc Assisted Merger | FDIC |
| March 2, 1991 | Structure Change | Acquired Statesman Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 1, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.2% of deposits in IA, rank 7 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 65 applications, 55 loans originated, $128.8M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $929K approved, $929K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about West Bank
What are West Bank's total assets?
As of the Q2 2026 filing, West Bank reported total assets of $4.03 billion in its FFIEC call report.
Where is West Bank headquartered?
It is headquartered in West Des Moines, IA, United States.
When was West Bank founded?
It was established in 1893, per the FDIC institution directory.
Is West Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15614). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates West Bank?
West Bank's primary federal regulator is the FDIC.
What is West Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.03% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does West Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is West Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was West Bank previously called?
The charter now named West Bank has also operated as West Des Moines State Bank (1972-2003), per FDIC structure-change records.
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