West Bancorporation: Pay

West Bancorporation paid its 5 named executives $5.0M in total in FY2025 (Dec). CEO David D. Nelson was paid $1.5M of that.

Pay$100 in the stock at the end of FY20 → $124
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

David D. NelsonPresident and Chief Executive Officer of the Company and Chief Executive Officer of West Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Brad L. WinterbottomExecutive Vice President of the Company and President of West Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Harlee N. OlafsonExecutive Vice President and Chief Risk Officer of the Company and Executive Vice President, Chief Risk Officer and Chief Operating Officer of West Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Bradley P. PetersExecutive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Jane M. FunkExecutive Vice President, Treasurer and Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of West Bank
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
4 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 14 peers with pay on file was $1.4M. The CEO of West Bancorporation was paid $1.5M, 2% above the median.

  1. 1Nicolet Bankshares
  2. 2Civista Bancshares
  3. 3First Mid Bancshares
  4. 4German American Bancorp
  5. 5Bank First
  6. 6Mercantile Bank
  7. 7Peoples Bancorp
  8. 8West Bancorporation
  9. 9Bridgewater Bancshares
  10. 10HBT Financial
  11. 11First Business Financial Services
  12. 12Choiceone Financial Services
  13. 13Lcnb
  14. 14Isabella Bank
  15. 15Southern Missouri Bancorp
  16. 16Equity BancsharesNot disclosed
  17. 17Farmers & Merchants BancorpNot disclosed
  18. 18Farmers National Banc Corp.Not disclosed
  19. 19First Financial Corp.Not disclosed
  20. 20Hills BancorporationNot disclosed
  21. 21MidWestOne Financial Group, Inc.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.