West Bank in West Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Bank in West Des Moines, Iowa (IA)
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West Bank - Overview

  • General
  • FDIC Certificate #: 15614
    Status: Active
    Federal Reserve ID: 139740
    Bank Holding Company (Regulatory Top Holder): West Bancorporation, Inc. (RSSDID: 1210066, Location: West Des Moines, IA)
    Date Established: January 01, 1893
    WWW: http://www.westbankiowa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 9432
    FDIC's unique #: 9896
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1601 22nd Street, West Des Moines, IA 50265
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,256.9 mil
    Equity capital: $129.6 mil
    Deposits held in domestic offices: $959.3 mil
    Return on assets (ROA): 1.38% ($17.3 mil)
    Quarterly return on assets: 1.35% ($17.0 mil)
    Return on Equity (ROE): 12.65% ($16.4 mil)
    Quarterly return on equity: 12.95% ($16.8 mil)
    Net income: $17.4 mil
    Quarterly Net income: $4.2 mil
    Pretax return on assets: 1.95% ($24,510.2 mil)
    Quarterly Pretax return on assets: 1.93% ($24,258.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 179Total employees (full-time equivalent)
  • $1,256,935Total assets
  • $81,748Cash and due from depository institutions
  • $46,191Interest-bearing balances
  • $281,600Securities
  • $5,025Federal funds sold & reverse repurchase agreements
  • $824,271Net loans & leases
  • $16,778Loan loss allowance
  • $0Trading account assets
  • $5,396Bank premises and fixed assets
  • $3,317Other real estate owned
  • $0Goodwill and other intangibles
  • $1,256,935Life insurance assets
  • $55,578All other assets
  • $1,127,356Total liabilities and capital
  • $959,255Total liabilities
  • $688,486Total deposits
  • $959,255Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 55841.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $105,000Trading liabilities
  • $0Other borrowed funds
  • $7,260Subordinated debt
  • $129,579All other liabilities
  • $129,579Total equity capital
  • $129,579Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $66,151Surplus
  • $60,428Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,089Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,572Income earned, not collected on loans
  • $0Earning assets
  • $4,181Long-term assets (5+ years)
  • $1,157,087Average Assets, year-to-date
  • $203,665Average Assets, quarterly
  • $1,256,528Volatile liabilities
  • $1,235,198Insider loans
  • $917,909FHLB advances
  • $1,276,153Loans and leases held for sale
  • $25,724Unused loan commitments
  • $9,540Tier 1 (core) risk-based capital
  • $126,969Tier 2 risk-based capital
  • $14,556Total risk weighted assets
  • $1,628Total unused commitments
  • $255,166Restructured Loans and leases
  • $18,834Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,271Total interest income
  • $11,202Total interest expense
  • $42,069Net interest income
  • $550Provision for loan and lease losses
  • $8,800Total noninterest income
  • $792Fiduciary activities
  • $3,244Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,764Additional noninterest income
  • $25,757Total noninterest expense
  • $13,194Salaries and employee benefits
  • $3,342Premises and equipment expense
  • $9,221Additional noninterest expense
  • $24,562Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,164Applicable income taxes
  • $17,398Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,398Net income attributable to bank
  • $0Net charge-offs
  • $17,398Cash dividends
  • $2,859Sale, conversion, retirement of capital stock, net
  • $42,035Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 12.65%Return on equity (ROE)
  • -17.92%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 19.24%Credit loss provision to net charge-offs
  • 8.78%Efficiency ratio
  • 50,388Assets per employee
  • 7.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 241.61%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 195.73%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 85.93%Net loans and leases to core deposits
  • 100.75%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 9.95%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,256,528Average earning assets
  • $137,492Average equity
  • $1,156,628Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $122,016Managed Assets
  • 1Number of Accounts
  • $93,338Personal trust and agency accounts
  • $64,851Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,780Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $24,572Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $135Non-managed Assets
  • 290Number of Accounts
  • $0Personal trust and agency accounts
  • $3,780Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $28,678Other retirement accounts
  • $2,786Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $24,291Fiduciary accounts held in foreign offices

List of branches

  • 12 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09896West Bank1601 22nd Street, West Des Moines, IA 50265January 01, 1893Full Service Brick and Mortar
    1234666Grand Avenue Branch125 Grand Avenue, West Des Moines, IA 50265July 10, 1972Full Service Brick and Mortar
    2234667City Center Branch809 Sixth Avenue, Des Moines, IA 50309December 03, 1979Full Service Brick and Mortar
    3234668East Branch2440 East Euclid Avenue, Des Moines, IA 50317September 04, 1990Full Service Brick and Mortar
    7234669South Branch3920 S. W. 9th Street, Des Moines, IA 50315Febuary 28, 1994Full Service Brick and Mortar
    11234670North Branch3839 Merle Hay Road, Suite 190, Des Moines, IA 50310September 19, 1994Full Service Brick and Mortar
    12234671Urbandale Branch3255 99th Street, Urbandale, IA 50322June 14, 1999Full Service Brick and Mortar
    1313335Iowa City Dubuque Street Branch229 South Dubuque Street, Iowa City, IA 52240January 03, 1966Full Service Brick and Mortar
    14248728Lower Muscatine Road BranchLower Muscatine Road & First Avenue, Iowa City, IA 52240October 03, 1966Full Service Brick and Mortar
    15442514Coralville Branch1150 5th Street, Coralville, IA 52241December 01, 2004Full Service Brick and Mortar
    16457618West Bank Mobile Branch1601 22nd Street, West Des Moines, IA 50265December 11, 2006Limited Service Messenger
    17488169West Branch - Waukee955 East Hickman Road, Waukee, IA 50263Febuary 09, 2009Full Service Brick and Mortar

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