West Bancorporation is the holding company for West Bank, a business-focused community bank headquartered in West Des Moines, Iowa. West Bank's primary customers are small- to medium-sized businesses, and its core products are commercial loans and business deposit accounts. The bank targets business owners who want to do all their banking with a single institution and value local decision-making and personal relationships, as opposed to the more standardized experience at larger banks. West Bank operates 11 branches across central Iowa, eastern Iowa, and southern Minnesota, with Minnesota now accounting for roughly one-third of the overall business. West Bank entered Minnesota starting in 2013, using a "lift-out" strategy — recruiting experienced local bankers with existing business relationships from competing institutions. West Bank earns money primarily on the spread between loan yields and deposit costs. A significant portion of its loan portfolio is fixed-rate, and loans originated at lower rates are rolling off and being replaced at higher rates, providing a tailwind to net interest income. West Bank funds its balance sheet largely with commercial core deposits, which tend to be stickier and more relationship-driven than retail deposits. The bank's capital allocation focuses on organic loan growth, with no active M&A strategy, and West Bank pays a regular quarterly cash dividend of $0.25 per share.