WEST BANCORPORATION Business Summary

West Bancorporation Inc. (WTBA) operates as a financial holding company for West Bank, primarily generating revenue through net interest income derived from a diverse portfolio of commercial, real estate, and consumer loans, alongside non-interest income from its trust and treasury management services. The company’s business is structured into two primary segments: Community Banking, which focuses on relationship-based lending and deposit services for small-to-medium-sized businesses, and Trust Services, providing estate administration, conservatorships, and agency accounts. WTBA distinguishes itself through a high-efficiency operating model and a "problem-free" loan portfolio, maintaining a premium market position in Iowa and Minnesota relative to direct regional competitors such as First Busey (BUSE), First Mid Bancshares (FMBH), First Merchants (FRME), and Mercantile Bank (MBWM). Established in 1893, the company is currently led by a seasoned executive team with an average tenure exceeding 15 years. Chief Executive Officer and President David D. Nelson brings over 30 years of commercial banking experience to the role, having joined the firm in 2010 to spearhead its modern growth strategy. He is supported by Executive Vice President and CFO Jane M. Funk, a CPA with over 20 years of financial services expertise, and Chief Risk Officer Harlee N. Olafson, who oversees the bank's stringent credit quality standards. The Board of Directors is chaired by Sean P. McMurray, the CTO emeritus and co-founder of Businessolver, Inc. Notable institutional backing includes significant positions held by Vanguard Fiduciary Trust Co. and DFA Australia Ltd., reflecting stable investor confidence in the bank’s disciplined capital management and consistent dividend performance.