West Bancorporation Inc. - Form 13F Information Table Summary
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by West Bancorporation Inc. for the reporting period ending December 31, 2024. The document discloses the equity securities held by the company as of the period end. It is important to note that this filing represents a portfolio of investments held by the bank, not the bank's own operating financial results (revenue, profit, or cash flow).
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of common stocks and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Holdings Disclosed: The table lists 89 distinct securities.
- Largest Single Holding: West Bancorporation Inc. (Own Stock) with 433,392 shares valued at approximately $9,382,937.
- Top Equity Holdings (by Value):
- Apple Inc.: ~$3,738,019
- Microsoft Corp: ~$3,533,013
- Alphabet Inc. (Class C): ~$1,155,780
- Amazon.com Inc.: ~$978,699
- Brookfield Asset Management Ltd: ~$5,044,601
- Significant ETF Exposure: The portfolio includes substantial positions in broad market and factor-based ETFs, including:
- iShares Russell Midcap ETF: ~$8,926,102
- Russell 1000 Value iShares ETF: ~$10,694,590
- iShares Russell 1000 Growth ETF: ~$13,621,192
- Vanguard High Dividend Yield ETF: ~$5,897,975
Material Changes and Voting Authority
The filing does not provide comparative data against the prior quarter; therefore, material changes in holdings cannot be determined from this text alone. Regarding voting authority, the table indicates that for all listed securities, West Bancorporation Inc. holds Sole Discretion (Column 7) with no shared or none authority reported.
Guidance, Risks, and Contingencies
This Form 13F is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column to assess the scale of the investment portfolio relative to the bank's total assets.
- Confirm the concentration risk by analyzing the percentage of the portfolio held in the top 10 positions (notably the large positions in iShares Russell 1000 Growth ETF and West Bancorporation own stock).
- Review the "Shares or Other Principal Amount" column to ensure the share counts align with the reported values based on year-end 2024 market prices.
- Check subsequent filings (e.g., 10-K or 10-Q) to understand how these investments are classified (e.g., Available-for-Sale vs. Held-to-Maturity) and their impact on the bank's regulatory capital.