WEST BANCORPORATION INC (Form: 13F-HR, Received: 10/23/2025 11:36:55)

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	-	634,206	4,735	SH	-	DFND	1	4,735	0	0
Abbvie INC	COM	00287Y109	-	1,261,893	5,450	SH	-	DFND	1	5,450	0	0
Adams Diversified Equity FD	COM	006212104	-	804,807	36,090	SH	-	DFND	1	36,090	0	0
Alphabet INC	CAP STK CL A	02079K305	-	464,807	1,912	SH	-	DFND	1	1,912	0	0
Alphabet INC	CAP STK CL C	02079K107	-	1,621,556	6,658	SH	-	DFND	1	6,658	0	0
Altria Group INC	COM	02209S103	-	430,447	6,516	SH	-	DFND	1	6,516	0	0
Amazon com INC	COM	023135106	-	1,265,821	5,765	SH	-	DFND	1	5,765	0	0
American Electric Power Company INC	COM	025537101	-	298,013	2,649	SH	-	DFND	1	2,649	0	0
Amphenol Corp A	CL A	032095101	-	434,981	3,515	SH	-	DFND	1	3,515	0	0
Apple INC	COM	037833100	-	4,359,011	17,119	SH	-	DFND	1	17,119	0	0
Archer Daniels Midland CO	COM	039483102	-	204,848	3,429	SH	-	DFND	1	3,429	0	0
Arista Networks Inc Ordinary Shares	COM SHS	040413205	-	203,411	1,396	SH	-	DFND	1	1,396	0	0
AT&T INC	COM	00206R102	-	237,160	8,398	SH	-	DFND	1	8,398	0	0
Berkshire Hathaway INC	CL B NEW	084670702	-	843,598	1,678	SH	-	DFND	1	1,678	0	0
Brookfield Asset Management Ltd Mngmt A	CL A LMT VTG SHS	113004105	-	5,300,602	93,091	SH	-	DFND	1	93,091	0	0
Cadence Design Systems Inc	COM	127387108	-	255,015	726	SH	-	DFND	1	726	0	0
Caseys General Stores INC	COM	147528103	-	223,867	396	SH	-	DFND	1	396	0	0
Chemed Corp New	COM	16359R103	-	291,031	650	SH	-	DFND	1	650	0	0
Chevron Corp	COM	166764100	-	345,676	2,226	SH	-	DFND	1	2,226	0	0
Cisco Systems INC	COM	17275R102	-	719,094	10,510	SH	-	DFND	1	10,510	0	0
Corteva INC	COM	22052L104	-	292,838	4,330	SH	-	DFND	1	4,330	0	0
Costco Wholesale Corp	COM	22160K105	-	1,231,088	1,330	SH	-	DFND	1	1,330	0	0
DBX ETF TR	XTRACKRS S&P 500	233051143	-	242,221	4,035	SH	-	DFND	1	4,035	0	0
Eli Lilly And CO	COM	532457108	-	563,094	738	SH	-	DFND	1	738	0	0
Eog Resources INC	COM	26875P101	-	265,500	2,368	SH	-	DFND	1	2,368	0	0
Exxon Mobil Corp	COM	30231G102	-	283,566	2,515	SH	-	DFND	1	2,515	0	0
Factset Resh Sys Inc	COM	303075105	-	267,009	932	SH	-	DFND	1	932	0	0
Fastenal Co	COM	311900104	-	504,524	10,288	SH	-	DFND	1	10,288	0	0
First Trust Enhanced Equity Income Fund	COM	337318109	-	260,306	12,096	SH	-	DFND	1	12,096	0	0
Fiserv INC	COM	337738108	-	202,936	1,574	SH	-	DFND	1	1,574	0	0
Flexshares TR	QLT DIV DEF IDX	33939L845	-	213,078	2,664	SH	-	DFND	1	2,664	0	0
Generac Holdings INC	COM	368736104	-	220,968	1,320	SH	-	DFND	1	1,320	0	0
Goldman Sachs Equity Etf	ACTIVEBETA US LG	381430503	-	502,751	3,859	SH	-	DFND	1	3,859	0	0
Honeywell International INC	COM	438516106	-	314,066	1,492	SH	-	DFND	1	1,492	0	0
Hp INC	COM	40434L105	-	234,124	8,598	SH	-	DFND	1	8,598	0	0
International Business Machines Corp	COM	459200101	-	441,580	1,565	SH	-	DFND	1	1,565	0	0
Intuit	COM	461202103	-	235,604	345	SH	-	DFND	1	345	0	0
Invesco Exch Traded FD TR II	S&P500 PUR GWT	46137V266	-	873,276	18,300	SH	-	DFND	1	18,300	0	0
Invesco Exchange Traded FD T	RAFI US 1000 ETF	46137V613	-	636,647	14,082	SH	-	DFND	1	14,082	0	0
Invesco Exchange Traded FD T	S&P500 EQL WGT	46137V357	-	584,845	3,083	SH	-	DFND	1	3,083	0	0
Invesco Qqq Trust	UNIT SER 1	46090E103	-	2,043,059	3,403	SH	-	DFND	1	3,403	0	0
Ishares Gold Trust	ISHARES NEW	464285204	-	288,242	3,961	SH	-	DFND	1	3,961	0	0
ISHARES TR	INTL SEL DIV ETF	464288448	-	257,275	7,039	SH	-	DFND	1	7,039	0	0
ISHARES Tr	S&P MC 400GR ETF	464287606	-	254,684	2,656	SH	-	DFND	1	2,656	0	0
ISHARES Tr	CORE S&P SCP ETF	464287804	-	337,358	2,839	SH	-	DFND	1	2,839	0	0
ISHARES Tr	MSCI EAFE ETF	464287465	-	530,715	5,684	SH	-	DFND	1	5,684	0	0
ISHARES Tr	CORE S&P TTL STK	464287150	-	667,514	4,583	SH	-	DFND	1	4,583	0	0
Ishares TR	CORE MSCI EAFE	46432F842	-	1,496,493	17,140	SH	-	DFND	1	17,140	0	0
ISHARES Tr	RUSSELL 2000 ETF	464287655	-	2,963,284	12,247	SH	-	DFND	1	12,247	0	0
ISHARES Tr	RUS MID CAP ETF	464287499	-	8,455,366	87,575	SH	-	DFND	1	87,575	0	0
ISHARES Tr	CORE S&P500 ETF	464287200	-	8,937,832	13,354	SH	-	DFND	1	13,354	0	0
ISHARES Tr	RUS 1000 VAL ETF	464287598	-	12,761,836	62,684	SH	-	DFND	1	62,684	0	0
ISHARES Tr	RUS 1000 GRW ETF	464287614	-	14,148,792	30,206	SH	-	DFND	1	30,206	0	0
J P MORGAN Exchange Traded F	EQUITY PREMIUM	46641Q332	-	722,315	12,650	SH	-	DFND	1	12,650	0	0
Johnson & Johnson	COM	478160104	-	320,777	1,730	SH	-	DFND	1	1,730	0	0
JPMORGAN Chase & CO	COM	46625H100	-	2,120,320	6,722	SH	-	DFND	1	6,722	0	0
L3harris Technologies INC	COM	502431109	-	281,893	923	SH	-	DFND	1	923	0	0
Lam Research Corp.	COM NEW	512807306	-	313,192	2,339	SH	-	DFND	1	2,339	0	0
Mastercard INC	CL A	57636Q104	-	363,470	639	SH	-	DFND	1	639	0	0
Mcdonalds Corp	COM	580135101	-	1,021,678	3,362	SH	-	DFND	1	3,362	0	0
Meta Platforms INC A	CL A	30303M102	-	1,412,213	1,923	SH	-	DFND	1	1,923	0	0
Microsoft Corp	COM	594918104	-	4,774,463	9,218	SH	-	DFND	1	9,218	0	0
Mondelez International INC	CL A	609207105	-	209,587	3,355	SH	-	DFND	1	3,355	0	0
Nushares ETF Tr	NUVEEN ESG SMLCP	67092P607	-	352,183	7,986	SH	-	DFND	1	7,986	0	0
Nvidia Corp	COM	67066G104	-	1,634,254	8,759	SH	-	DFND	1	8,759	0	0
Pacer FDS Tr	US CASH COWS 100	69374H881	-	307,752	5,355	SH	-	DFND	1	5,355	0	0
Pacer FDS TR	US SMALL CAP CAS	69374H857	-	809,054	18,480	SH	-	DFND	1	18,480	0	0
Pepsico INC	COM	713448108	-	739,417	5,265	SH	-	DFND	1	5,265	0	0
Pfizer INC	COM	717081103	-	543,998	21,350	SH	-	DFND	1	21,350	0	0
Philip Morris International INC	COM	718172109	-	262,277	1,617	SH	-	DFND	1	1,617	0	0
Principal Financial Group INC	COM	74251V102	-	879,675	10,610	SH	-	DFND	1	10,610	0	0
Procter & Gamble CO	COM	742718109	-	523,947	3,410	SH	-	DFND	1	3,410	0	0
Public Service Enterprise Group INC	COM	744573106	-	253,635	3,039	SH	-	DFND	1	3,039	0	0
Pure Storage INC A	CL A	74624M102	-	360,299	4,299	SH	-	DFND	1	4,299	0	0
Ross Stores INC	COM	778296103	-	524,069	3,439	SH	-	DFND	1	3,439	0	0
S&P Global INC	COM	78409V104	-	211,232	434	SH	-	DFND	1	434	0	0
Schwab Strategic Trust	US DIVIDEND EQ	808524797	-	1,419,354	51,991	SH	-	DFND	1	51,991	0	0
Select Sector SPDR TR	TECHNOLOGY	81369Y803	-	322,730	1,145	SH	-	DFND	1	1,145	0	0
Servicenow INC	COM	81762P102	-	294,490	320	SH	-	DFND	1	320	0	0
Southern CO	COM	842587107	-	785,169	8,285	SH	-	DFND	1	8,285	0	0
SPDR Gold Trust	GOLD SHS	78463V107	-	332,009	934	SH	-	DFND	1	934	0	0
SPDR S&P 500 EFT Trust	TR UNIT	78462F103	-	8,444,498	12,676	SH	-	DFND	1	12,676	0	0
SPDR SER TR	S&P DIVID ETF	78464A763	-	411,047	2,935	SH	-	DFND	1	2,935	0	0
Spotify Technology S A	SHS	L8681T102	-	409,028	586	SH	-	DFND	1	586	0	0
Tractor Supply Co	COM	892356106	-	221,167	3,889	SH	-	DFND	1	3,889	0	0
Uber Technologies INC	COM	90353T100	-	328,395	3,352	SH	-	DFND	1	3,352	0	0
Vanguard Admiral FDS INC	500 VAL IDX FD	921932703	-	688,172	3,450	SH	-	DFND	1	3,450	0	0
Vanguard Financials Etf	FINANCIALS ETF	92204A405	-	200,797	1,530	SH	-	DFND	1	1,530	0	0
Vanguard Index FDS	VALUE ETF	922908744	-	2,696,459	14,459	SH	-	DFND	1	14,459	0	0
Vanguard Index FDS	MID CAP ETF	922908629	-	2,959,137	10,074	SH	-	DFND	1	10,074	0	0
Vanguard Index FDS	GROWTH ETF	922908736	-	4,975,474	10,374	SH	-	DFND	1	10,374	0	0
Vanguard Index FDS	SMALL CP ETF	922908751	-	5,758,425	22,646	SH	-	DFND	1	22,646	0	0
Vanguard Index FDS	S&P 500 ETF SHS	922908363	-	9,703,773	15,846	SH	-	DFND	1	15,846	0	0
Vanguard Intl Equity Index F	ALLWRLD EX US	922042775	-	1,975,093	27,674	SH	-	DFND	1	27,674	0	0
Vanguard Mid-cap Growth Index Fund Mid Cap Etf	MCAP GR IDXVIP	922908538	-	695,401	2,367	SH	-	DFND	1	2,367	0	0
Vanguard Mid-cap Value Index Fund Mid Cap Etf	MCAP VL IDXVIP	922908512	-	371,855	2,130	SH	-	DFND	1	2,130	0	0
Vanguard Small Cap Value Etf	SM CP VAL ETF	922908611	-	203,701	976	SH	-	DFND	1	976	0	0
Vanguard Small-cap Growth Index Fund Small Cap Etf	SML CP GRW ETF	922908595	-	395,239	1,328	SH	-	DFND	1	1,328	0	0
Vanguard specialized Funds	DIV APP ETF	921908844	-	2,466,048	11,428	SH	-	DFND	1	11,428	0	0
Vanguard Tax-Managed FDS	VAN FTSE DEV MKT	921943858	-	4,372,063	72,965	SH	-	DFND	1	72,965	0	0
Vanguard Whitehall FDS	INTL HIGH ETF	921946794	-	7,852,038	92,726	SH	-	DFND	1	92,726	0	0
Vanguard Whitehall FDS	HIGH DIV YLD	921946406	-	9,398,405	66,679	SH	-	DFND	1	66,679	0	0
Vanguard World FD	CONSUM DIS ETF	92204A108	-	269,382	680	SH	-	DFND	1	680	0	0
Vici Properties INC	COM	925652109	-	224,618	6,888	SH	-	DFND	1	6,888	0	0
Visa INC	COM CL A	92826C839	-	291,880	855	SH	-	DFND	1	855	0	0
Walmart INC	COM	931142103	-	698,438	6,777	SH	-	DFND	1	6,777	0	0
Walt Disney CO	COM	254687106	-	203,810	1,780	SH	-	DFND	1	1,780	0	0
Wells Fargo CO	COM	949746101	-	840,212	10,024	SH	-	DFND	1	10,024	0	0
West Bancorporation INC	CAP STK	95123P106	-	8,624,560	424,437	SH	-	DFND	1	424,437	0	0
Wisdomtree TR	US MIDCAP DIVID	97717W505	-	367,721	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	10-23-2025
[Signature]	[City, State]	[Date]

Number of Other Included Managers:	1
Form 13F Information table Entry Total:	110
Form 13F Information table Value Total:	179,854,603
	(round to nearest dollar)

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