WEST BANCORPORATION INC (Form: 13F-HR, Received: 01/29/2026 16:44:56)

FORM 13F INFORMATION TABLE

COLUMN 1	COLUMN 2	COLUMN 3		COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
NAME OF ISSUER	TITLE OF CLASS	CUSIP	FIGI	VALUE (round to nearest dollar)	SHRS OR PRN AMT	SH / PRN	PUT / CALL	INVESTMENT DISCRETION	OTHER MANAGER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	FIGI	VALUE (round to nearest dollar)	SHRS OR PRN AMT	SH / PRN	PUT / CALL	INVESTMENT DISCRETION	OTHER MANAGER	SOLE	SHARED	NONE
Abbott Laboratories	COM	002824100	-	604,399	4,824	SH	-	DFND	1	4,824	0	0
Abbvie INC	COM	00287Y109	-	1,145,877	5,015	SH	-	DFND	1	5,015	0	0
Adams Diversified Equity FD	COM	006212104	-	1,093,475	46,890	SH	-	DFND	1	46,890	0	0
Alphabet INC	CAP STK CL A	02079K305	-	598,456	1,912	SH	-	DFND	1	1,912	0	0
Alphabet INC	CAP STK CL C	02079K107	-	1,998,592	6,369	SH	-	DFND	1	6,369	0	0
Altria Group INC	COM	02209S103	-	375,713	6,516	SH	-	DFND	1	6,516	0	0
Amazon com INC	COM	023135106	-	1,353,528	5,864	SH	-	DFND	1	5,864	0	0
American Electric Power Company INC	COM	025537101	-	299,460	2,597	SH	-	DFND	1	2,597	0	0
Amphenol Corp A	CL A	032095101	-	438,394	3,244	SH	-	DFND	1	3,244	0	0
Apple INC	COM	037833100	-	4,607,483	16,948	SH	-	DFND	1	16,948	0	0
AT&T INC	COM	00206R102	-	208,606	8,398	SH	-	DFND	1	8,398	0	0
Berkshire Hathaway INC	CL B NEW	084670702	-	843,447	1,678	SH	-	DFND	1	1,678	0	0
Brookfield Asset Management Ltd Mngmt A	CL A LMT VTG SHS	113004105	-	4,877,037	93,091	SH	-	DFND	1	93,091	0	0
Cadence Design Systems Inc	COM	127387108	-	209,116	669	SH	-	DFND	1	669	0	0
Chemed Corp New	COM	16359R103	-	278,109	650	SH	-	DFND	1	650	0	0
Chevron Corp	COM	166764100	-	302,991	1,988	SH	-	DFND	1	1,988	0	0
Cisco Systems INC	COM	17275R102	-	782,625	10,160	SH	-	DFND	1	10,160	0	0
Corteva INC	COM	22052L104	-	290,240	4,330	SH	-	DFND	1	4,330	0	0
Costco Wholesale Corp	COM	22160K105	-	1,130,528	1,311	SH	-	DFND	1	1,311	0	0
DBX ETF TR	XTRACKRS S&P 500	233051143	-	251,986	4,035	SH	-	DFND	1	4,035	0	0
Eli Lilly And CO	COM	532457108	-	767,322	714	SH	-	DFND	1	714	0	0
Exxon Mobil Corp	COM	30231G102	-	285,085	2,369	SH	-	DFND	1	2,369	0	0
Factset Resh Sys Inc	COM	303075105	-	270,457	932	SH	-	DFND	1	932	0	0
Fastenal Co	COM	311900104	-	396,364	9,877	SH	-	DFND	1	9,877	0	0
First Trust Enhanced Equity Income Fund	COM	337318109	-	266,354	12,096	SH	-	DFND	1	12,096	0	0
Flexshares TR	QLT DIV DEF IDX	33939L845	-	215,677	2,664	SH	-	DFND	1	2,664	0	0
Goldman Sachs Equity Etf	ACTIVEBETA US LG	381430503	-	510,816	3,859	SH	-	DFND	1	3,859	0	0
Honeywell International INC	COM	438516106	-	302,780	1,552	SH	-	DFND	1	1,552	0	0
International Business Machines Corp	COM	459200101	-	463,569	1,565	SH	-	DFND	1	1,565	0	0
Intuit	COM	461202103	-	211,974	320	SH	-	DFND	1	320	0	0
Invesco Exch Traded FD TR II	S&P500 PUR GWT	46137V266	-	801,130	17,164	SH	-	DFND	1	17,164	0	0
Invesco Exchange Traded FD T	RAFI US 1000 ETF	46137V613	-	607,239	12,942	SH	-	DFND	1	12,942	0	0
Invesco Exchange Traded FD T	S&P500 EQL WGT	46137V357	-	474,111	2,475	SH	-	DFND	1	2,475	0	0
Invesco Qqq Trust	UNIT SER 1	46090E103	-	3,717,190	6,051	SH	-	DFND	1	6,051	0	0
Ishares Gold Trust	ISHARES NEW	464285204	-	321,514	3,961	SH	-	DFND	1	3,961	0	0
ISHARES MSCI ACWI Index Fund	MSCI ACWI ETF	464288257	-	2,261,010	15,980	SH	-	DFND	1	15,980	0	0
ISHARES TR	INTL SEL DIV ETF	464288448	-	236,858	6,004	SH	-	DFND	1	6,004	0	0
ISHARES TR	S&P MC 400GR ETF	464287606	-	207,323	2,140	SH	-	DFND	1	2,140	0	0
ISHARES TR	CORE S&P SCP ETF	464287804	-	271,366	2,258	SH	-	DFND	1	2,258	0	0
ISHARES TR	MSCI EAFE ETF	464287465	-	454,318	4,731	SH	-	DFND	1	4,731	0	0
ISHARES TR	CORE S&P TTL STK	464287150	-	677,729	4,558	SH	-	DFND	1	4,558	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	-	1,533,344	17,140	SH	-	DFND	1	17,140	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	-	2,883,026	11,712	SH	-	DFND	1	11,712	0	0
ISHARES TR	RUS MID CAP ETF	464287499	-	8,650,245	89,854	SH	-	DFND	1	89,854	0	0
ISHARES TR	CORE S&P500 ETF	464287200	-	9,030,934	13,185	SH	-	DFND	1	13,185	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	-	14,062,701	66,857	SH	-	DFND	1	66,857	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	-	14,634,436	30,920	SH	-	DFND	1	30,920	0	0
J P MORGAN Exchange Traded F	EQUITY PREMIUM	46641Q332	-	704,052	12,300	SH	-	DFND	1	12,300	0	0
Johnson & Johnson	COM	478160104	-	359,886	1,739	SH	-	DFND	1	1,739	0	0
JPMORGAN Chase & CO	COM	46625H100	-	2,416,972	7,501	SH	-	DFND	1	7,501	0	0
L3harris Technologies INC	COM	502431109	-	250,122	852	SH	-	DFND	1	852	0	0
Lam Research Corp.	COM NEW	512807306	-	384,470	2,246	SH	-	DFND	1	2,246	0	0
Mastercard INC	CL A	57636Q104	-	336,819	590	SH	-	DFND	1	590	0	0
Mcdonalds Corp	COM	580135101	-	1,045,560	3,421	SH	-	DFND	1	3,421	0	0
Meta Platforms INC A	CL A	30303M102	-	1,242,949	1,883	SH	-	DFND	1	1,883	0	0
Microsoft Corp	COM	594918104	-	4,472,518	9,248	SH	-	DFND	1	9,248	0	0
Monster Beverage Corp	COM	61174X109	-	252,168	3,289	SH	-	DFND	1	3,289	0	0
Nushares ETF Tr	NUVEEN ESG SMLCP	67092P607	-	356,575	7,986	SH	-	DFND	1	7,986	0	0
Nvidia Corp	COM	67066G104	-	1,559,513	8,362	SH	-	DFND	1	8,362	0	0
Pepsico INC	COM	713448108	-	769,124	5,359	SH	-	DFND	1	5,359	0	0
Pfizer INC	COM	717081103	-	531,615	21,350	SH	-	DFND	1	21,350	0	0
Philip Morris International INC	COM	718172109	-	259,367	1,617	SH	-	DFND	1	1,617	0	0
Principal Financial Group INC	COM	74251V102	-	935,908	10,610	SH	-	DFND	1	10,610	0	0
Procter & Gamble CO	COM	742718109	-	488,687	3,410	SH	-	DFND	1	3,410	0	0
Public Service Enterprise Group INC	COM	744573106	-	255,756	3,185	SH	-	DFND	1	3,185	0	0
Pure Storage INC A	CL A	74624M102	-	288,076	4,299	SH	-	DFND	1	4,299	0	0
Ross Stores INC	COM	778296103	-	619,501	3,439	SH	-	DFND	1	3,439	0	0
S&P Global INC	COM	78409V104	-	211,649	405	SH	-	DFND	1	405	0	0
Schwab Strategic Trust	US DIVIDEND EQ	808524797	-	1,524,861	55,591	SH	-	DFND	1	55,591	0	0
Servicenow INC	COM	81762P102	-	229,019	1,495	SH	-	DFND	1	1,495	0	0
Southern CO	COM	842587107	-	722,452	8,285	SH	-	DFND	1	8,285	0	0
SPDR Gold Trust	GOLD SHS	78463V107	-	370,154	934	SH	-	DFND	1	934	0	0
SPDR S&P 500 EFT Trust	TR UNIT	78462F103	-	8,644,018	12,676	SH	-	DFND	1	12,676	0	0
SPDR SER TR	S&P DIVID ETF	78464A763	-	373,645	2,685	SH	-	DFND	1	2,685	0	0
Tractor Supply Co	COM	892356106	-	224,545	4,490	SH	-	DFND	1	4,490	0	0
Uber Technologies INC	COM	90353T100	-	264,904	3,242	SH	-	DFND	1	3,242	0	0
Vanguard Admiral FDS INC	500 VAL IDX FD	921932703	-	706,733	3,450	SH	-	DFND	1	3,450	0	0
Vanguard Financials Etf	FINANCIALS ETF	92204A405	-	204,240	1,530	SH	-	DFND	1	1,530	0	0
Vanguard Index FDS	VALUE ETF	922908744	-	2,917,372	15,275	SH	-	DFND	1	15,275	0	0
Vanguard Index FDS	MID CAP ETF	922908629	-	3,599,889	12,404	SH	-	DFND	1	12,404	0	0
Vanguard Index FDS	SMALL CP ETF	922908751	-	5,892,610	22,844	SH	-	DFND	1	22,844	0	0
Vanguard Index FDS	GROWTH ETF	922908736	-	6,653,923	13,639	SH	-	DFND	1	13,639	0	0
Vanguard Index FDS	S&P 500 ETF SHS	922908363	-	10,617,311	16,930	SH	-	DFND	1	16,930	0	0
Vanguard Intl Equity Index F	ALLWRLD EX US	922042775	-	2,374,002	32,273	SH	-	DFND	1	32,273	0	0
Vanguard Mid-cap Growth Index Fund Mid Cap Etf	MCAP GR IDXVIP	922908538	-	647,047	2,318	SH	-	DFND	1	2,318	0	0
Vanguard Mid-cap Value Index Fund Mid Cap Etf	MCAP VL IDXVIP	922908512	-	353,144	1,991	SH	-	DFND	1	1,991	0	0
Vanguard Small-cap Growth Index Fund Small Cap Etf	SML CP GRW ETF	922908595	-	396,066	1,311	SH	-	DFND	1	1,311	0	0
Vanguard specialized Funds	DIV APP ETF	921908844	-	2,468,569	11,232	SH	-	DFND	1	11,232	0	0
Vanguard Tax-Managed FDS	VAN FTSE DEV MKT	921943858	-	5,195,630	83,170	SH	-	DFND	1	83,170	0	0
Vanguard Whitehall FDS	INTL HIGH ETF	921946794	-	9,589,410	106,549	SH	-	DFND	1	106,549	0	0
Vanguard Whitehall FDS	HIGH DIV YLD	921946406	-	10,640,573	74,140	SH	-	DFND	1	74,140	0	0
Vanguard World FD	CONSUM DIS ETF	92204A108	-	267,866	680	SH	-	DFND	1	680	0	0
Visa INC	COM CL A	92826C839	-	299,857	855	SH	-	DFND	1	855	0	0
Walmart INC	COM	931142103	-	892,394	8,010	SH	-	DFND	1	8,010	0	0
Walt Disney CO	COM	254687106	-	202,511	1,780	SH	-	DFND	1	1,780	0	0
Wells Fargo CO	COM	949746101	-	915,783	9,826	SH	-	DFND	1	9,826	0	0
West Bancorporation INC	CAP STK	95123P106	-	9,354,439	421,561	SH	-	DFND	1	421,561	0	0
Wisdomtree TR	US MIDCAP DIVID	97717W505	-	362,800	7,031	SH	-	DFND	1	7,031	0	0

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION	OMB APPROVAL
	Washington, D.C. 20549 FORM 13F	OMB Number: 3235-0006 Estimated average burden hours per response: 23.8

Check here if Amendment:		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Name:	WEST BANCORPORATION INC
Address:	3330 Westown Parkway
	WEST DES MOINES	IA	50266

Form 13F File Number:		028-19827
CRD Number (if applicable):
SEC File Number (if applicable):

Name:	SueAnn Niehaus
Title:	Vice President/Trust Operations
Phone:	515-222-2399

Institutional Investment Manager Filing this Report:

Person Signing this Report on Behalf of Reporting Manager:

Signature, Place, and Date of Signing:

Report Type (Check only one.):

Form 13F Summary Page

Report Summary:

List of Other Included Managers:

FORM 13F INFORMATION TABLE

/s/ SueAnn Niehaus	West Des Moines, IOWA	01-29-2026
[Signature]	[City, State]	[Date]

Number of Other Included Managers:	1
Form 13F Information table Entry Total:	98
Form 13F Information table Value Total:	190,851,988
	(round to nearest dollar)

No.	Name	Form 13F File Number	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
1	West Bank