# EDGAR Filing Document

**Accession Number:** 0001166928
**File Stem:** 0001166928-23-000010
**Filing Date:** 2023-1
**Character Count:** 13061
**Document Hash:** e63ebc08f0b66c02d258c86c442f815f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001166928-23-000010.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001166928-23-000010

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**EFFECTIVENESS DATE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEST BANCORPORATION INC
- **CENTRAL INDEX KEY:** 0001166928
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 421230603
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19827
- **FILM NUMBER:** 23569253

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 22ND ST
- **CITY:** WEST DES MOINES
- **STATE:** IA
- **ZIP:** 50266
- **BUSINESS PHONE:** 5152222309

**MAIL ADDRESS:**
- **STREET 1:** 1601 22ND ST
- **CITY:** WEST DES MOINES
- **STATE:** IA
- **ZIP:** 50266

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** WEST BANCORPORATION INC<br>**Address:** 1601 22ND ST<br>WEST DES MOINES, IA 50266

**Form 13F File Number:** 028-19827

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** SueAnn Niehaus<br>**Title:** Vice President/Trust Operations<br>**Phone:** 515-222-2399

**Signature, Place, and Date of Signing:**

/s/ SueAnn Niehaus  West Des Moines, IA  01-30-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 90

**Form 13F Information Table Value Total:** $134712215

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name      | Form 13F File Number   |
|:---|:---|:---|
|  | West Bank |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 343571 | 2865 | SH |  | DFND | 1 | 2865 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 |  | 924432 | 8420 | SH |  | DFND | 1 | 8420 | 0 | 0 |
| Abbvie INC | COM | 00287Y109 |  | 1006830 | 6230 | SH |  | DFND | 1 | 6230 | 0 | 0 |
| Alliant Energy Corp | COM | 018802108 |  | 258162 | 4676 | SH |  | DFND | 1 | 4676 | 0 | 0 |
| Alphabet INC | CAP STK CL C | 02079K107 |  | 520756 | 5869 | SH |  | DFND | 1 | 5869 | 0 | 0 |
| Altria Group INC | COM | 02209S103 |  | 315719 | 6907 | SH |  | DFND | 1 | 6907 | 0 | 0 |
| American Equity Investment Life Holding CO | COM | 025676206 |  | 17283000 | 378847 | SH |  | DFND | 1 | 378847 | 0 | 0 |
| Anheuser Busch Inbev SA/NV | SPONSORED ADR | 03524A108 |  | 250187 | 4167 | SH |  | DFND | 1 | 4167 | 0 | 0 |
| Apple INC | COM | 037833100 |  | 2308336 | 17766 | SH |  | DFND | 1 | 17766 | 0 | 0 |
| Archer Daniels Midland CO | COM | 039483102 |  | 636858 | 6859 | SH |  | DFND | 1 | 6859 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 425253 | 23099 | SH |  | DFND | 1 | 23099 | 0 | 0 |
| Bank Of America Corp | COM | 060505104 |  | 313116 | 9454 | SH |  | DFND | 1 | 9454 | 0 | 0 |
| Berkshire Hathaway INC | CL B NEW | 084670702 |  | 549842 | 1780 | SH |  | DFND | 1 | 1780 | 0 | 0 |
| Blackrock INC | COM | 09247X101 |  | 364944 | 515 | SH |  | DFND | 1 | 515 | 0 | 0 |
| Blackstone INC | COM | 09260D107 |  | 374511 | 5048 | SH |  | DFND | 1 | 5048 | 0 | 0 |
| Caseys General Stores INC | COM | 147528103 |  | 1794800 | 8000 | SH |  | DFND | 1 | 8000 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 377467 | 2103 | SH |  | DFND | 1 | 2103 | 0 | 0 |
| Cisco Systems INC | COM | 17275R102 |  | 715648 | 15022 | SH |  | DFND | 1 | 15022 | 0 | 0 |
| Coca-cola CO | COM | 191216100 |  | 284782 | 4477 | SH |  | DFND | 1 | 4477 | 0 | 0 |
| Corteva INC | COM | 22052L104 |  | 284436 | 4839 | SH |  | DFND | 1 | 4839 | 0 | 0 |
| Costco Wholesale Corp | COM | 22160K105 |  | 764638 | 1675 | SH |  | DFND | 1 | 1675 | 0 | 0 |
| Danaher Corp | COM | 235851102 |  | 254803 | 960 | SH |  | DFND | 1 | 960 | 0 | 0 |
| Diageo P L C Spon | SPON ADR NEW | 25243Q205 |  | 261227 | 1466 | SH |  | DFND | 1 | 1466 | 0 | 0 |
| Dow INC | COM | 260557103 |  | 240209 | 4767 | SH |  | DFND | 1 | 4767 | 0 | 0 |
| Dupont De Nemours INC | COM | 26614N102 |  | 324551 | 4729 | SH |  | DFND | 1 | 4729 | 0 | 0 |
| Eog Resources INC | COM | 26875P101 |  | 306703 | 2368 | SH |  | DFND | 1 | 2368 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 202511 | 1836 | SH |  | DFND | 1 | 1836 | 0 | 0 |
| Home Depot INC | COM | 437076102 |  | 1173736 | 3716 | SH |  | DFND | 1 | 3716 | 0 | 0 |
| Honeywell International INC | COM | 438516106 |  | 1604893 | 7489 | SH |  | DFND | 1 | 7489 | 0 | 0 |
| Hp INC | COM | 40434L105 |  | 291217 | 10838 | SH |  | DFND | 1 | 10838 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 246010 | 9308 | SH |  | DFND | 1 | 9308 | 0 | 0 |
| International Business Machines Corp | COM | 459200101 |  | 558347 | 3963 | SH |  | DFND | 1 | 3963 | 0 | 0 |
| Invesco S 500 Eql Wght Etf Invsc S P Equal Weight | S EQL WGT | 46137V357 |  | 556384 | 3939 | SH |  | DFND | 1 | 3939 | 0 | 0 |
| Ishares Core Msci Eafe Etf | CORE MSCI EAFE | 46432F842 |  | 990986 | 16077 | SH |  | DFND | 1 | 16077 | 0 | 0 |
| ISHARES Core S  P Small Cap ETF | CORE S SCP ETF | 464287804 |  | 269440 | 2847 | SH |  | DFND | 1 | 2847 | 0 | 0 |
| ISHARES Core S 500 ETF | CORE S ETF | 464287200 |  | 4011921 | 10442 | SH |  | DFND | 1 | 10442 | 0 | 0 |
| ISHARES Intl Select Dividend ETF | INTL SEL DIV ETF | 464288448 |  | 437357 | 16103 | SH |  | DFND | 1 | 16103 | 0 | 0 |
| ISHARES MSCI EAFE Index Fd ETF | MSCI EAFE ETF | 464287465 |  | 660601 | 10064 | SH |  | DFND | 1 | 10064 | 0 | 0 |
| ISHARES Russell 1000 Growth ETF | RUS 1000 GRW ETF | 464287614 |  | 6313653 | 29470 | SH |  | DFND | 1 | 29470 | 0 | 0 |
| ISHARES Russell 2000 Index Fd ETF | RUSSELL 2000 ETF | 464287655 |  | 3559036 | 20412 | SH |  | DFND | 1 | 20412 | 0 | 0 |
| ISHARES Russell 2000 Value | RUS 2000 VAL ETF | 464287630 |  | 1811169 | 13061 | SH |  | DFND | 1 | 13061 | 0 | 0 |
| ISHARES Russell Midcap ETF | RUS MID CAP ETF | 464287499 |  | 7642220 | 113302 | SH |  | DFND | 1 | 113302 | 0 | 0 |
| ISHARES Russell Mid-Cap Value ETF | RUS MDCP VAL ETF | 464287473 |  | 2085732 | 19800 | SH |  | DFND | 1 | 19800 | 0 | 0 |
| ISHARES S 1500 Index Fund | CORE S TTL STK | 464287150 |  | 310198 | 3658 | SH |  | DFND | 1 | 3658 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 204384 | 1157 | SH |  | DFND | 1 | 1157 | 0 | 0 |
| JPMORGAN Chase  CO | COM | 46625H100 |  | 752435 | 5611 | SH |  | DFND | 1 | 5611 | 0 | 0 |
| Lumen Technologies INC | COM | 550241103 |  | 190008 | 36400 | SH |  | DFND | 1 | 36400 | 0 | 0 |
| Mastercard INC | CL A | 57636Q104 |  | 211768 | 609 | SH |  | DFND | 1 | 609 | 0 | 0 |
| Mcdonald's Corp | COM | 580135101 |  | 988765 | 3752 | SH |  | DFND | 1 | 3752 | 0 | 0 |
| Merck  CO INC | COM | 58933Y105 |  | 1236760 | 11147 | SH |  | DFND | 1 | 11147 | 0 | 0 |
| MetLife | COM | 59156R108 |  | 244538 | 3379 | SH |  | DFND | 1 | 3379 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 2951225 | 12306 | SH |  | DFND | 1 | 12306 | 0 | 0 |
| Mondelez International INC | CL A | 609207105 |  | 223611 | 3355 | SH |  | DFND | 1 | 3355 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 |  | 262906 | 1799 | SH |  | DFND | 1 | 1799 | 0 | 0 |
| Paychex INC | COM | 704326107 |  | 348529 | 3016 | SH |  | DFND | 1 | 3016 | 0 | 0 |
| Pepsico INC | COM | 713448108 |  | 1084141 | 6001 | SH |  | DFND | 1 | 6001 | 0 | 0 |
| Pfizer INC | COM | 717081103 |  | 1367801 | 26694 | SH |  | DFND | 1 | 26694 | 0 | 0 |
| Pinnacle West Capital | COM | 723484101 |  | 236180 | 3106 | SH |  | DFND | 1 | 3106 | 0 | 0 |
| Pioneer Natural Resources CO Resource | COM | 723787107 |  | 214915 | 941 | SH |  | DFND | 1 | 941 | 0 | 0 |
| Principal Financial Group INC | COM | 74251V102 |  | 1037503 | 12363 | SH |  | DFND | 1 | 12363 | 0 | 0 |
| Procter  Gamble CO | COM | 742718109 |  | 414517 | 2735 | SH |  | DFND | 1 | 2735 | 0 | 0 |
| Public Service Enterprise Group INC | COM | 744573106 |  | 216589 | 3535 | SH |  | DFND | 1 | 3535 | 0 | 0 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 265420 | 2630 | SH |  | DFND | 1 | 2630 | 0 | 0 |
| Ross Stores INC | COM | 778296103 |  | 464280 | 4000 | SH |  | DFND | 1 | 4000 | 0 | 0 |
| Russell 1000 Value Ishare ETF | RUS 1000 VAL ETF | 464287598 |  | 8838769 | 58284 | SH |  | DFND | 1 | 58284 | 0 | 0 |
| Schwab US Dividend Equity ETF | US DIVIDEND EQ | 808524797 |  | 1962000 | 25973 | SH |  | DFND | 1 | 25973 | 0 | 0 |
| Southern CO | COM | 842587107 |  | 1161769 | 16269 | SH |  | DFND | 1 | 16269 | 0 | 0 |
| SPDR Gold Trust | GOLD SHS | 78463V107 |  | 215782 | 1272 | SH |  | DFND | 1 | 1272 | 0 | 0 |
| Spdr S 500 Etf Trust | TR UNIT | 78462F103 |  | 4734483 | 12380 | SH |  | DFND | 1 | 12380 | 0 | 0 |
| Spdr S Dividend Etf | S DIVID ETF | 78464A763 |  | 1246346 | 9962 | SH |  | DFND | 1 | 9962 | 0 | 0 |
| Thermo Fisher Scientific INC | COM | 883556102 |  | 232391 | 422 | SH |  | DFND | 1 | 422 | 0 | 0 |
| Tractor Supply Co | COM | 892356106 |  | 226770 | 1008 | SH |  | DFND | 1 | 1008 | 0 | 0 |
| United Parcel Service INC | CL B | 911312106 |  | 303003 | 1743 | SH |  | DFND | 1 | 1743 | 0 | 0 |
| Unitedhealth Group INC Grp | COM | 91324P102 |  | 330832 | 624 | SH |  | DFND | 1 | 624 | 0 | 0 |
| Vanguard Dividend Appreciation ETF | DIV APP ETF | 921908844 |  | 1468997 | 9674 | SH |  | DFND | 1 | 9674 | 0 | 0 |
| Vanguard FTSE Developed Markets ETF | VAN FTSE DEV MKT | 921943858 |  | 2493690 | 59416 | SH |  | DFND | 1 | 59416 | 0 | 0 |
| Vanguard FTSE Emerging Markets ETF | FTSE EMR MKT ETF | 922042858 |  | 304902 | 7822 | SH |  | DFND | 1 | 7822 | 0 | 0 |
| Vanguard High Dividend Yield ETF | HIGH DIV YLD | 921946406 |  | 4758968 | 43979 | SH |  | DFND | 1 | 43979 | 0 | 0 |
| Vanguard Index Funds S 500 ETF | S 500 ETF SHS | 922908363 |  | 2891528 | 8230 | SH |  | DFND | 1 | 8230 | 0 | 0 |
| Vanguard Index Funds Vanguard Value ETF | VALUE ETF | 922908744 |  | 2696929 | 19213 | SH |  | DFND | 1 | 19213 | 0 | 0 |
| Vanguard Mid Cap ETF | MID CAP ETF | 922908629 |  | 1005802 | 4935 | SH |  | DFND | 1 | 4935 | 0 | 0 |
| Vanguard S 500 Value Index Fund Etf | 500 VAL IDX FD | 921932703 |  | 483207 | 3450 | SH |  | DFND | 1 | 3450 | 0 | 0 |
| Vanguard Sht-term Inflation-protected Sec Idx Shrt Inf Prot Index Etf | STRM INFPROIDX | 922020805 |  | 2365208 | 50636 | SH |  | DFND | 1 | 50636 | 0 | 0 |
| Vanguard Small Cap ETF | SMALL CP ETF | 922908751 |  | 2506422 | 13656 | SH |  | DFND | 1 | 13656 | 0 | 0 |
| Vanguard Total Stock Market VIPERs ETF | TOTAL STK MKT | 922908769 |  | 523287 | 2737 | SH |  | DFND | 1 | 2737 | 0 | 0 |
| Verizon Communications INC | COM | 92343V104 |  | 684142 | 17364 | SH |  | DFND | 1 | 17364 | 0 | 0 |
| Wells Fargo  CO | COM | 949746101 |  | 540527 | 13091 | SH |  | DFND | 1 | 13091 | 0 | 0 |
| West Bancorporation INC | CAP STK | 95123P106 |  | 10088826 | 394866 | SH |  | DFND | 1 | 394866 | 0 | 0 |
| Wisdomtree US Mid Cap Dividend ETF | US MIDCAP DIVID | 97717W505 |  | 3383930 | 82254 | SH |  | DFND | 1 | 82254 | 0 | 0 |
| Wisdomtree US Smallcap Dividend Fund Etf | US SMALLCAP DIVD | 97717W604 |  | 2137238 | 75149 | SH |  | DFND | 1 | 75149 | 0 | 0 |

---