West Bank
West Des Moines, Iowa, Polk County
$4.0B in total assets, the 341st largest of 4,309 US banks and 4th of 227 headquartered in Iowa.
- FDIC certificate
- 15614
- Established
- 1893
- Owned by
- West Bcorp Inc
- Primary regulator
- FDIC
- Website
- WWW.WESTBANKSTRONG.COM
At a glance
Compared with 26 banks headquartered in Iowa with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.0B | 88% | $1.7B | |
| Loans | $3.0B | 88% | $1.3B | |
| Deposits | $3.4B | 88% | $1.5B | |
| Return on assets | 1.08% | 23% | 1.29% | |
| Net interest margin | 2.78% | 8% | 3.51% | |
| Efficiency ratio | 46.3% | 27% | 52.3% | |
| Equity to assets | 9.39% | 23% | 10.33% | |
| Loans to deposits | 88% | 38% | 91% |
Growth
Total assets grew 4.3% a year over the last 5 years and 8.3% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2003 | Hawkeye State Bank Iowa City, IA | $154M |
| Jun 1994 | United Federal Savings Association of Iowa Des Moines, IA | $196M |
| Mar 1991 | Statesman Federal Savings Bank Des Moines, IA | $422M |
Where they operate
11 branches in 7 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Polk County, IA | $2.4B | 7.6% | 6 of 39 |
| Johnson County, IA | $369M | 7.6% | 4 of 17 |
| Olmsted County, MN | $217M | 3.9% | 9 of 19 |
| Stearns County, MN | $208M | 2.9% | 12 of 29 |
| Dallas County, IA | $45M | 1.8% | 16 of 28 |
| Steele County, MN | $34M | 3.5% | 9 of 13 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (11 branches then and now). 5 opened, 0 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2018 | Closed Iowa City | 0 | 1 | −1 | 10 |
| 2019 | Opened 3 in Minnesota | 3 | 0 | +3 | 13 |
| 2021 | Closed Des Moines | 0 | 1 | −1 | 12 |
| 2022 | Opened SartellClosed Saint Cloud and Urbandale | 1 | 2 | −1 | 11 |
| 2023 | Opened MankatoClosed Mankato | 1 | 1 | 0 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 48% | 21% | |
| Multifamily | 17% | 10% | |
| Business (C&I) | 14% | 14% | |
| Construction and land | 11% | 8% | |
| 1-4 family residential | 5% | 21% | |
| Farmland | 0% | 13% | |
| Consumer | 0% | 1% | |
| Agricultural | 0% | 10% | |
| Other | 3% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 69% | 57% | |
| Noninterest-bearing | 17% | 15% | |
| Time deposits | 14% | 28% |
Brokered deposits are 3.3% of deposits (peers 4.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.00% | 0.31% |
| Net charge-offs, annualized | -0.00% | 0.01% |
| Reserves to loans | 1.03% | 1.22% |
| Leverage ratio | 10.79% | 10.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Polk County, IA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/west-bank-west-des-moines-ia