XML 42 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
West Bancorporation, Inc. (Parent Company Only) Condensed Financial Statements (Notes)
 12 Months Ended
Dec. 31, 2015
West Bancorporation, Inc. (Parent Company Ony) Condensed Financial Statements [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
West Bancorporation, Inc. (Parent Company Only) Condensed Financial Statements
Balance Sheets
December 31, 2015 and 2014
 
 
2015
 
2014
ASSETS
 
 
 
 
Cash
 
$
13,775

 
$
8,792

Investment in West Bank
 
159,038

 
149,980

Investment in West Bancorporation Capital Trust I
 
619

 
619

Premises, net
 
7,898

 
6,652

Other assets
 
355

 
7,632

Total assets
 
$
181,685

 
$
173,675

 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 

 
 

LIABILITIES
 
 

 
 

Accrued expenses and other liabilities
 
$
274

 
$
205

Subordinated notes
 
20,619

 
20,619

Long-term debt
 
8,415

 
12,676

Total liabilities
 
29,308

 
33,500

STOCKHOLDERS' EQUITY
 
 

 
 

Preferred stock
 
—

 
—

Common stock
 
3,000

 
3,000

Additional paid-in capital
 
20,067

 
18,971

Retained earnings
 
129,740

 
117,950

Accumulated other comprehensive income (loss)
 
(430
)
 
254

Total stockholders' equity
 
152,377

 
140,175

Total liabilities and stockholders' equity
 
$
181,685

 
$
173,675


Statements of Income
Years Ended December 31, 2015, 2014 and 2013
 
 
2015
 
2014
 
2013
Operating income:
 
 
 
 
 
 
Equity in net income of West Bank
 
$
22,546

 
$
19,773

 
$
18,609

Equity in net income of West Bancorporation Capital Trust I
 
21

 
21

 
21

Gain on disposition of premises
 
—

 
1,627

 
—

Realized investment securities loss
 
—

 
(493
)
 
—

Intercompany rental income
 
207

 
126

 
145

Other rental income
 
43

 
—

 
—

Total operating income
 
22,817

 
21,054

 
18,775

Operating expenses:
 
 
 
 
 
 
Interest on subordinated notes
 
705

 
753

 
711

Interest on long-term debt
 
232

 
297

 
188

Occupancy
 
170

 
78

 
49

Other real estate owned
 
10

 
1,725

 
1,511

Other expenses
 
486

 
604

 
686

Total operating expenses
 
1,603

 
3,457

 
3,145

Income before income taxes
 
21,214

 
17,597

 
15,630

Income tax benefits
 
(528
)
 
(2,443
)
 
(1,261
)
Net income
 
$
21,742

 
$
20,040

 
$
16,891




Statements of Cash Flows
Years Ended December 31, 2015, 2014 and 2013
 
 
2015
 
2014
 
2013
Cash Flows from Operating Activities:
 
 
 
 
 
 
Net income
 
$
21,742

 
$
20,040

 
$
16,891

Adjustments to reconcile net income to net cash provided by
 
 
 
 

 
 

operating activities:
 
 
 
 

 
 

Equity in net income of West Bank
 
(22,546
)
 
(19,773
)
 
(18,609
)
Equity in net income of West Bancorporation Capital Trust I
 
(21
)
 
(21
)
 
(21
)
Dividends received from West Bank
 
13,900

 
12,700

 
19,200

Dividends received from West Bancorporation Capital Trust I
 
21

 
21

 
21

Realized investment securities loss
 
—

 
493

 
—

Amortization
 
23

 
26

 
20

Depreciation
 
139

 
39

 
43

Gain on disposition of premises
 
—

 
(1,627
)
 
—

Write-down of other real estate owned
 
—

 
1,681

 
1,341

Loss on sale of other real estate owned
 
8

 
10

 
70

Deferred income tax (benefits)
 
99

 
362

 
(412
)
Change in assets and liabilities:
 
 
 
 
 
 
(Increase) decrease in other assets
 
1,428

 
(1,248
)
 
(217
)
Decrease in accrued expenses and other liabilities
 
(31
)
 
(32
)
 
(137
)
Net cash provided by operating activities
 
14,762

 
12,671

 
18,190

Cash Flows from Investing Activities:
 
 

 
 

 
 

Proceeds from paydown on securities available for sale
 
—

 
85

 
—

Proceeds from sales of premises
 
—

 
3,000

 
—

Purchases of premises
 
(1,386
)
 
(4,097
)
 
(1,165
)
Proceeds from sales of other real estate owned
 
2,227

 
1,530

 
280

Proceeds from settlement of other assets
 
3,593

 
—

 
—

Capital contribution to West Bank
 
—

 
—

 
(10,000
)
Net cash provided by (used in) investing activities
 
4,434

 
518

 
(10,885
)
Cash Flows from Financing Activities:
 
 

 
 

 
 

Proceeds from long-term debt
 
—

 
—

 
16,000

Principal payments on long-term debt
 
(4,261
)
 
(3,260
)
 
(830
)
Common stock cash dividends
 
(9,952
)
 
(7,842
)
 
(6,995
)
Repurchase and cancellation of common stock
 
—

 
—

 
(15,774
)
Net cash used in financing activities
 
(14,213
)
 
(11,102
)
 
(7,599
)
Net increase (decrease) in cash
 
4,983

 
2,087

 
(294
)
Cash:
 
 
 
 
 
 

Beginning
 
8,792

 
6,705

 
6,999

Ending
 
$
13,775

 
$
8,792

 
$
6,705

 
 
 
 
 
 
 
Supplemental Disclosure of Noncash Investing and Financing Activities:
 
 
 
 
 
 
Purchase of premises financed by issuance of long-term debt
 
$
—

 
$
—

 
$
765

Transfer of securities available for sale to other assets, sale not settled
 
—

 
3,593

 
—