West Bancorporation · NASDAQ:WTBA
West Bancorporation — Investor Presentation (November 2013)
26 slides from West Bancorporation's investor presentation, Nov 13, 2013
Slide 1: Investor Presentation
Investor Presentation November 14, 2013
Slide 2: Presenters
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 Executive Officer Mr. Nelson was elected Chief Executive Officer and President of West Bancorporation in March 2010. He has more than 25 years experience in commercial banking. Prior to j 0 jening West Bank he had various roles with Wells Fargo including Pr
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 30 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 Presid
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
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
> 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 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 * Named 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 T
Slide 18: Summary Balance Sheet
Summary Balance Sheet $ in (00's) 9.30.13 12.31.12 Cash $ 62,592 $ 60,417 Fed Funds Sold 29,400 111,057 Investments 371,185 304,103 Net Loans 944,696 915,235 Premises/Fixed Assets 7,405 5,609 OREO 6,276 8,304 Other Assets 49,559 43,450 $ 1,471,113 $ 1,448,175 Deposits $ 1,165,792 $ 1,134,576 FF Purc
Slide 19: September Average Loan Balance
September Average Loan Balance 2012 2013 1%. 0%
Slide 20: September Average Deposit Balance
September Average Deposit Balance 2012 2013 |@Public high yield NOW ‘|super saver "y 1g "y y y Ics BCD's < $100,000 ‘BCD > $100,000 |CD's - CDARS indexed CD's | West Bancorporation |
Slide 21: Consolidated Financial Results
Consolidated Financial Results Three months ended Nine months ended September 30, September 30, 2013 2012 2013 2012 Net income ($000) $ 4,363] $ 3,752] $ 12,609] $ 12,112 Return on Average Equity 14.41% 11.36% 13.02% 12.61% Return on Average Assets 1.19% 1.14% 1.17% 1.23% Net Interest Margin 3.49% 3
Slide 22: Consolidated Capital Measures
Consolidated Capital Measures 9.30.13 Tangible common equity as % of total tangible assets 8.24% Tangible common equity ($000’s) $ 121,157 Total tangible assets ($000’s) $1,471,113
Slide 23: West Bank Regulatory Capital Ratios
West Bank Regulatory Capital Ratios Requirements to 9.30.13 capitalized Risk-based capital as % of risk-weighted assets 14.1% 10.0% Tier | Capital as % of risk-weighted assets 12.8% 6.0% Tier | Capital as % of average assets 9.7% 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 3rd Quarter $ 027 $ Ol $ 14.50 $ 1174 2nd Quarter 0.25 0.10 12.27 10.10 [st Quarter 0.23 0.10 1172 10.46 2012 4th Quarter $ 022 $ 0.10 $ 12.29 $ 9.15 3rd Quarter 0.22 0.10 12
Slide 25: 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
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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