West Bancorp., Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total interest income of $13,464,000 against $12,507,000 for the same period last year. Net interest income was $11,700,000 against $10,372,000 for the same period last year. Net interest income after provision for loan losses was $11,700,000 against $10,047,000 for the same period last year. Income before income taxes was $6,084,000 against $5,736,000 for the same period last year. Net income was $4.3 million, or $0.27 per diluted common share, compared to $3.9 million, or $0.22 per diluted common share, for the fourth quarter of 2012. Return on average assets was 1.17% against 1.14% for the same period last year. Return on average equity was 13.85% against 11.57% for the same period last year. The improvement in net interest income was due to a higher volume of earning assets and expansion of the net interest margin to 3.52% for the quarter from 3.30% for the fourth quarter of last year. The improvement in net interest income was due to a higher volume of earning assets (loans and investments) and expansion of the net interest margin to 3.52% for the quarter from 3.30% for the fourth quarter of last year.

For the year, the company reported total interest income of $52,741,000 against $50,662,000 for the same period last year. Net interest income was $45,683,000 against $41,198,000 for the same period last year. Net interest income after provision for loan losses was $46,533,000 against $40,573,000 for the same period last year. Income before income taxes was $24,211,000 against $22,775,000 for the same period last year. Net income was $16.9 million or $1.02 per diluted common share against $16.0 million or $0.92 per diluted common share a year ago. Return on average assets was 1.17% against 1.21% for the same period last year. Return on average equity was 13.22% against 12.34% for the same period last year.