What are West Bancorporation Inc's Business Segments?
An operating segment is generally defined as a component of a business for which
discrete financial information is available and whose operating results are regularly
reviewed by the chief operating decision-maker. The Company has determined that
its business is comprised of one operating segment, which is banking. The banking
segment generates revenue through interest and fees on loans, service charges
on deposit accounts, interest on investment securities, fees for trust services
and other miscellaneous banking related activities. This segment includes the
Company, West Bank, and related elimination entries between the two, as the Company's
operation is similar to that of West Bank.
|