West Bank recognized as a top-performing community bank

S&P Global Market Intelligence report puts West Bank 17th on national list

West Bank Coralville
The West Bank branch in Coralville. CREDIT WEST BANCORPORATION

West Bank has been named one of the top-performing large community banks in the United States by S&P Global Market Intelligence.

For 2022, West Bank ranked #17 on the list and is the sole Iowa-based bank to be included in the top 50.

The rankings were determined by evaluating community banks with $3 billion to $10 billion in assets across seven metrics, including pretax return on tangible common equity, efficiency ratio, cost of funds, five-year average operating revenue growth, five-year average net charge-offs to average loans and leases ratio, nonperforming assets and loans 90 days or more past due as a percentage of total assets, and leverage ratio.

“We are honored to receive recognition from S&P Global Market Intelligence as one of the best-performing banks in the country,” West Bank CEO Dave Nelson said in a release, “It demonstrates our commitment to upholding our mission and our dedication to sound business practices that lead to excellent financial performance.”

S&P Global Market Intelligence’s Top Bank and Credit Union National Rankings can be found here.

West Bank, a wholly-owned subsidiary of West Bancorporation, Inc. is headquartered in West Des Moines and has a branch office in Coralville. Serving customers since 1893, West Bank is a community bank that focuses on lending, deposit services, and trust services for small- to medium-sized businesses and consumers.