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 September 30, 2023. The document discloses the investment portfolio held by the company, detailing equity securities and exchange-traded funds (ETFs) in which the company has voting or dispositive authority.
Key Financial Metrics and Portfolio Composition
The filing provides a snapshot of the company's investment holdings rather than its operational financial performance (e.g., revenue, net income, or cash flow). Key portfolio metrics include:
- Total Holdings: The portfolio consists of 88 distinct positions, including individual common stocks and various ETFs.
- Largest Single Position: The company holds 425,762 shares of its own stock (West Bancorporation Inc), valued at approximately $6,944,178.
- Top External Equity Holdings: Significant positions include Apple Inc. (17,077 shares), Cisco Systems Inc. (16,584 shares), and Pfizer Inc. (26,897 shares).
- ETF Exposure: A substantial portion of the portfolio is allocated to passive index funds, including the IShares Russell Midcap ETF (120,849 shares), Russell 1000 Value Ishare ETF (60,155 shares), and Vanguard High Dividend Yield ETF (48,844 shares).
- Voting Authority: The company reports Sole voting authority for all listed positions.
Material Changes and Comparisons
The filing text does not provide a clear value for material changes compared to the prior comparable period. Form 13F filings are point-in-time disclosures and do not inherently contain comparative data or variance analysis against previous quarters within the document text itself.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risk factors, or contingencies. This document is a statutory disclosure of holdings and does not contain narrative commentary from management regarding strategy or market conditions.
Important Facts for Investor Verification
- Self-Holding: Verify the significance of the $6.9 million holding in West Bancorporation Inc's own stock relative to the company's total assets and capital structure.
- Concentration Risk: Assess the concentration of the portfolio in large-cap technology and healthcare stocks (e.g., Apple, Microsoft, Pfizer) versus the heavy weighting in mid-cap and value-oriented ETFs.
- Valuation Basis: Note that the "Value" column represents the market value of the holdings as of the reporting date (September 30, 2023) and may differ from current market values.
- Scope Limitation: Confirm that this filing reflects only the investment portfolio and does not disclose the bank's core lending, deposit, or operational performance metrics.