West Bancorporation · NASDAQ:WTBA
West Bancorporation — Investor Presentation (March 2014)
26 slides from West Bancorporation's investor presentation, Mar 10, 2014
Slide 1: Investor Presentation
Investor Presentation March 11, 2014
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: 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 Nelson, President & Chief Erocule Officer Mr. Nelson was elected Chief Executive Officer and President of West Bancorporation in March 2010. He has more than 28 years experience in commercial fete, Prior to joining West Bank he had various roles with Wells Fargo including President
Slide 6: Biographies
Biographies Harlee Olafson, Executive Vice President & Chief Risk Officer Mr. latson Joined West Bank in August 2010 a8 Chief Risk Oticer binging 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 Preside
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 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 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: Community Advisory Board
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: Going Forward
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 low: 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 c
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 mission of the University of lowa, along with the health care se
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 * 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. + Named one of the “Nifty 50” by The Ban
Slide 18: Summary Balance Sheet
Summary Balance Sheet $ in (00's) 12.31.13 12.31.12 Cash 41,126 60,417 Fed Funds Sold 1,299 111,057 Investments 357,067 304,103 Net Loans 980,159 915,235 Premises/Fixed Assets 7,487 5,609 OREO 5,800 8,304 Other Assets 49,466 43,450 1,442,404 1,448,175 Deposits 1,163,842 1,134,576 FF Purchased/Repos
Slide 19: December Average Loan Balance
December Average Loan Balance 2012 2013 om. 0% including unposted/inprocess
Slide 20: December Average Deposit Balance
December Average Deposit Balance eS Ne i Reward Me Checking areal savings NOW income checkin: BCDARS Int. Checking Public high yield NOW aSup Money market savings Preferred money market y DARS CD's < $100,000 CD's > $100,000 Brokered CD's indexed CD's |W | West Bancorporation |
Slide 21: Consolidated Financial Results
Consolidated Financial Results 2013 2012 Net income ($000) $ 16,891 $ 16,011 Return on Average Equity 13.22% 12.34% Return on Average Assets 1.17% 1.21% Net Interest Margin 3.48% 3.42% Efficiency Ratio 52.55% 50.83% Texas Ratio 7.69% 11.25%
Slide 22: Consolidated Capital Measures
Consolidated Capital Measures 12.31.13 Tangible common equity as % of total tangible assets 8.57% Tangible common equity ($000’s) $ 123,625 Total tangible assets ($000’s) $1,442,404
Slide 23: West Bank Regulatory Capital Ratios
West Bank Regulatory Capital Ratios Requirements to 12.31.13 capitalized Risk-based capital as % of risk-weighted assets 13.9% 10.0% Tier | Capital as % of risk-weighted assets 12.6% 6.0% Tier | Capital as % of average assets 9.8% 5.0%
Slide 24: Per Share and Market Information
Per Share and Market Information PER COMMON SHARE MARKET INFORMATION (1) Net Income Basic and Diluted Dividends High Low 2013 4th Quarter $ 0.27 $ Ol § 16.64 § 13.34 3rd Quarter 0.27 O11 14.50 11.74 2nd Quarter 0.25 0.10 12.27 10.10 Ist Quarter 0.23 0.10 11.72 10.46 2012 4th Quarter $ 022 § 0.10 § 1
Slide 25: Benchmark Peer Group Analysis
Benchmark Peer Group Analysis Total Assets ROA Efficiency Ratio Texas Ratio Bank Name QCcR {etd Inc. Hills Bancor unrizon| Baran inancial First. ST Ta ee 7a lacatawa Bank Corp. isabella i Firstbank Corp. utualFirst Financial ine Pulaski Financial Corp. NASB Financial Inc. Baylake Corp. * Fiscal Year
Slide 26: 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 |
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