SEC Filing Summary: West Bancorporation Inc (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by West Bancorporation Inc for the reporting period ending March 31, 2024. The document discloses the company's holdings of equity securities as of the end of the quarter. It is a regulatory disclosure of investment positions and does not contain operational financial statements, revenue data, or management commentary regarding the company's own banking operations.
Key Financial Metrics and Holdings
The filing details a diversified portfolio of equities and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Reported Positions: The table lists 90 distinct securities holdings.
- Largest Single Holding: West Bancorporation Inc (Own Stock) with 442,847 shares valued at approximately $7,895,962.
- Top External Equity Holdings:
- Apple Inc: 14,509 shares (~$2.49M)
- Microsoft Corp: 9,746 shares (~$4.10M)
- American Equity Investment Life Holding Co: 355,341 shares (~$19.98M)
- Amazon.com Inc: 3,643 shares (~$657K)
- Significant ETF Exposure: The portfolio includes substantial allocations to broad market and factor-based ETFs, including:
- ISHARES Russell 1000 Growth ETF: 34,922 shares (~$11.77M)
- ISHARES Russell Midcap ETF: 115,838 shares (~$9.74M)
- ISHARES Core S&P 500 ETF: 10,886 shares (~$5.72M)
- SPDR S&P 500 ETF Trust: 12,153 shares (~$6.36M)
- Voting Authority: The company reports "Sole" voting authority for all listed positions.
Material Changes and Comparisons
The filing text provided does not contain comparative data from the prior quarter (December 31, 2023). Therefore, material changes in share counts, valuation, or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
As a Form 13F filing, this document contains no management guidance, future outlook, risk factors, or contingencies regarding West Bancorporation's business operations. It strictly lists current investment holdings.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column to assess the scale of the investment arm relative to the bank's total assets.
- Confirm the concentration risk by analyzing the percentage of the portfolio held in the company's own stock (West Bancorporation Inc) versus external equities.
- Review the specific ETF holdings to understand the company's exposure to market beta, dividend strategies, and sector tilts (e.g., Growth vs. Value).
- Compare the share counts of major holdings (e.g., Apple, Microsoft, American Equity Investment Life Holding Co) against the previous quarter's 13F filing to identify active trading strategies.
- Note that the filing states the SEC has not reviewed the information for accuracy; investors should cross-reference with the company's 10-Q for operational financial health.