West Bancorporation · NASDAQ:WTBA
West Bancorporation — InvestMNt 2013 Conference
21 slides from West Bancorporation's conference presentation, Aug 1, 2013
Slide 1: InvestMNt 2013 Conference
InvestMNt 2013 Conference August 1, 2013 © LM] West Bancorporation |
Slide 2: David D. Nelson and Douglas R. Gulling
David D. Nelson President & Chief Executive Officer Douglas R. Gulling Executive Vice President & Chief Financial Officer
Slide 3: Forward-looking Statements
Forward-looking Statements Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private relied Ligation f icin Act of 1995. ii information contained in this roteriaial may contain forward-looking tate! mpany's otis acquisition strategies, new prod
Slide 4: West Bancorporation, Inc. and Wholly-owned Subsidiaries
West Bancorporation, Inc. and Wholly-owned Subsidiaries West Bancorporation, Inc. West West Bank Bancorporation Capital Trust | WB Funding Corporation | West Bancorporation |
Slide 5: Executive Leadership
Executive Leadership David D. Nelson President and Chief Executive Officer Brad L. Winterbottom President West Bank Douglas R. Gulling Harlee N. Olafson EVP & CFO EVP & CRO
Slide 6: Mission, Values, Vision
Mission, Values, Vision Mission + West ion and its idiaries will be ized leaders in providing financial solutions and community service in our markets, and will provide a high quality work environment that attracts, fairly compensates, retains, and develops people who serve our clients with superior
Slide 7: Expectations of the Banking Industry
Expectations of the Banking Industry e Consolidation in our industry will pick up Big banks will get bigger There will be fewer community banks The differences between being a community bank and a regional/national bank will become even more visible e We plan to be a surviving community bank. | West
Slide 8: Strategic Planning
Strategic Planning What it means to be a community bank ¢ We build strong relationships through service and hard work « We are committed to the communities we serve ¢ We build and maintain a strong reputation ¢ We recognize, develop and retain our top performing people | West Bancorporation |
Slide 9: Key Attributes
Key Attributes ¢ Emphasis on small- and medium-sized businesses * Relationship based * Experienced management * Continuity and expertise of staff * Reliance upon local core deposits | West Bancorporation |
Slide 10: Community Advisory Board
Community Advisory Board We have deputized a band of customer advocates to help us with our marketing activities in each of our market areas. | West Bancorporation |
Slide 11: West Bancorporation Foundation, Inc.
West Bancorporation Foundation, Inc. We use our foundation as a tool to provide community leadership and further enhance our image and reputation as a strong community bank. | West Bancorporation |
Slide 12: Going Forward
Going Forward * Our primary focus will be on our sales and service culture. ¢ We have specific sales activity expectations for all sales people. | West Bancorporation |
Slide 13: Des Moines
> Des Moines, Des Moines is the political, economic and cultural center of lowa A major center for the insurance industry as well as a sizable financial services and publishing business Recent rankings #4 Best place for business and careers - Forbes #2 Best city for jobs - Forbes #1 Best place to la
Slide 14: Iowa City, IA
lowa City, IA lowa City has long served as a center for culture and education. + The economy is based on a thriving local commerce, a major university, and a number national and international businesses. The academic, arts and research provided at its hospitals and clinics, have a_ tremendous econom
Slide 15: Rochester, MN
Rochester, MN High-tech, health-care and hospitallty, industries fuel Rochester’s growth. + Included among Kiplinger's 10 best cities for the next le The ily has long Fen ‘ fixture magazine's "Best Places 4 Live" index
Slide 16: Recent Recognition
Recent Recognition * Named 2012 “SM-ALL Star” by Sandler O’Neill = According to criteria established by Sandler O'Neill, West Bancorporation was named one of the top 25 banks and thrifts in the United States with a market capitalization of less than $2 billion. * Named one of the “Nifty 50” by The B
Slide 17: Summary Balance Sheet
Summary Balance Sheet $ in (00's) 6.30.13 12.31.12 Cash $ 36,024 $ 60,417 Fed Funds Sold 5,238 111,057 Investments 388,673 304,103 Net Loans 953,150 911,872 Premises/Fixed Assets 6,813 5,609 OREO 7,980 8,304 Other Assets 53,768 46,813 $ 1,451,646 $ 1,448,175 Deposits $ 1,124,539 $ 1,134,576 FF Purch
Slide 18: Consolidated Financial Results
Consolidated Financial Results | Three months ended | Six months ended | Ju June 30, 2013 2012 2013 2012 Net income ($000) $ 4,298] $ 4,383] $ 8,246] $ 8,360 Return on Average Equity 12.93% 13.69% 12.39% 13.26% Return on Average Assets 1.19% 1.32% 1.16% 1.28% Net Interest Margin 3.51% 3.44% 3.44% 3.
Slide 19: Consolidated Capital Measures
Consolidated Capital Measures 6.30.13 Tangible common equity as % of total tangible assets 8.38% Tangible common equity ($000’s) $ 121,600 Total tangible assets ($000’s) $1,451,646 Reflects repurchase of 1,440,592 common shares on June 5, 2013 at $10.95 per share
Slide 20: West Bank Regulatory Capital Ratios
West Bank Regulatory Capital Ratios Requirements to 6.30.13 capitalized Risk-based capital as % of risk-weighted assets 13.8% 10.0% Tier | Capital as % of risk-weighted assets 12.5% 6.0% Tier | Capital as % of average assets 9.6% 5.0%
Slide 21: Benchmark Peer Group Analysis
Benchmark Peer Group Analysis Total Assets Efficiency Ratio ‘Texas Ratio Bank Name 12.31.12 YTD 12.31.12 12.31.12 West Bancorporation Hills Bancorp. QCR Holdings Inc. i Horizon Bancorp 848,227 13.76% ine Financial Grp 792,819 10.13% First Mid-llinois Bancshares 1,578,032 31% 560,718 37% 99% letroCor