West Bancorporation · NASDAQ:WTBA
West Bancorporation — Investor Presentation (March 2015)
28 slides from West Bancorporation's investor presentation, Mar 10, 2015
Slide 1: Investor Presentation
Investor Presentation March 11, 2015
Slide 2: David D. Nelson, President & CEO; Douglas R. Gulling, EVP & CFO
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: 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 5: Biographies
Biographies Dave | NeeO. President & Chief Exocule Officer lelson was elected Chief Executive Officer and President of West Bancorporation in March 2010. ra has 30 years experience in commercial banking. Prior i joining West Bank he had various roles with Wells Farg including President of Wells Farg
Slide 6: Biographies
Biographies Harlee Olafson, Executive Vice President & Chief Risk Officer Mr. oe joined West Bank in August 2010 ie Chiet Risk Orfcer a over 34 years experience in the financial jer for Wells Fargo in Southern Halates He has also served as Bank meee in See, Mineabed as well as Lead President of the
Slide 7: Why West Bancorporation, Inc.?
Why West Bancorporation, Inc.? 1) Strong capital position 2) Very good credit quality 3) Excellent earnings 4) Attractive dividend ) 5) Growth | West Bancorporation |
Slide 8: Mission, Values, Vision
Mission, Values, Vision Mission + West ion will be leader in providing financial solutions and community service in Gur markets, and will provide a high quality work environment that attracts, fairly compensates, retains, and develops people who serve our clients with superior financial solutions. V
Slide 9: Culture
Culture 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 10: Culture
Culture 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: Culture
Culture 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 12: 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 13: Bank Locations
Bank Locations Macomb Pekin zBleomington / Hoopes tea ace ENS Wildwood onete ss . Stasi “Ranite ©2012 NEMS 13 in creratont = 2 = West Bancorporation
Slide 14: Des Moines, IA
Des Moines, IA 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 #2 Best place for business and careers - Forbes #2 Best city to start anew business - Forbes #1 s
Slide 15: 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 16: 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 17: Recent Recognition
Recent Recognition * 2014, 2013 & 2012 “SM-ALL Star” by Sandler O’Neill = According to criteria established by Sandler O’Neill, West Bancorporation was named one of the top banks and thrifts in the United States with a market capitalization of less than $2 billion. One of only two companies to be na
Slide 18: Summary Balance Sheet
Summary Balance Sheet $ in (00's) 12.31.14 12.31.13 12.31.12 Cash $ 27,936 $ 41,126 $ 60,417 Fed Funds Sold 11,845, 1,299 111,057 Investments 339,208 357,067 304,103 Net Loans 1,171,264 980,159 915,235 Premises/Fixed Assets 9,988 7,487 5,609 OREO 2,235 5,800 8,304 Other Assets 53,357 49,466 43,450 $
Slide 19: December Average Loan Balance
December Average Loan Balance 2014 2013 1%. GRE Construction ‘Home equity “01-4 Family |Multitamily Commercial RE Commercial Ides Consumer ‘mOther loans including unposted/inprocess: BOverdralts
Slide 20: December Average Deposit Balance
December Average Deposit Balance 2014 2013 BNon-interest Bearing @Checking with interest Reward Me Checking Health savings NOW BIncome checking BICS Int, Checking ‘| Public high yield NOW Super saver DMoney market savings Preferred money market. Public money market Money market - ICS CD's < $100,000
Slide 21: Consolidated Financial Results
Consolidated Financial Results 2014 2013 2012 Net income ($000) $ 20,040 $ 16,891 $ 16,011 Return on Average Equity 15.19% 13.22% 12.34% Return on Average Assets 1.32% 1.17% 1.21% Net Interest Margin 3.59% 3.48% 3.42% Efficiency Ratio 49.93% 52.55% 50.83% Texas Ratio 2.71% 7.69% 11.25%
Slide 22: Consolidated Capital Measures
Consolidated Capital Measures 12.31.14 12.31.13 Tangible common equity as % of total tangible assets 8.68% 8.57% Tangible common equity ($000’s) $ 140,175| $ 123,625 Total tangible assets ($000’s) $1,615,833 | $1,442,404
Slide 23: West Bank Regulatory Capital Ratios
West Bank Regulatory Capital Ratios Requirements 12.31.14 | 12.31.13 to be well- capitalized Risk-based capital as % of risk-weighted 12.2% 13.9% 10.0% assets Tier | Capital as % of risk-weighted 11.2% 12.6% 6.0% assets Tier | Capital as % of average assets 9.6% 9.8% 5.0%
Slide 24: Per Share and Market Information
Per Share and Market Information R MARKET INFORMATION (1) Net Income Basic Dilut Dividends High Low 2014 4th Quarter $ 036 $ 0.36 $ 0.14 $ 17.05 $ 14.00 3rd Quarter 0.32 0.32 0.12 15.68 14.01 Quarter 0.30 030 0.12 16.45 13.53 Ist Quarter 0.28 0.27 O11 15.98 13. 2013 4th Quarter $ 027 $ 027 3 O11 S$
Slide 25: Benchmark Peer Group Analysis
Benchmark Peer Group Analysis Total Assets Efficiency Ratio ‘Texas Ratio Bank Name YTD 12.31.14 12.31.14 Mercantile Bank Corp. 2,893,379 0.76% 8.07% 66.41% 20.63% Peo . 2,567,769 0.74% 5. 71.07% 5.35% QCR Holdings Ino. 2,524,958 0.63% 10.48% 68.91% 19.47% Hills Bancorp. 2,308,281 1.21% 9.59% 53.86%
Slide 26: West Bancorporation, Inc. Total Return Performance
West Bancorporation, Inc. Total Return Performance 450 400 —+— West Bancorporation, Inc. 350 —=— NASDAQ Composite 300 + SNL Midwest Bark 3 250 s 3 200 150 100 50 ° 12/31/09 12/31/10 12/31/11 1e/iN2 12/31/13 12/81/14 Period Ending Index 42/31/09 12/31/10 12/31/11 12/31/42_ 12/31/13 _ 12/31/14 West Ba
Slide 27: Why West Bancorporation, Inc.?
Why West Bancorporation, Inc.? 1) Strong capital position 2) Very good credit quality 3) Excellent earnings 4) Attractive dividend ) 5) Growth | West Bancorporation |
Slide 28: Thank you!
Thank you!
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