David Nelson is President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank of West Bancorporation Inc (WTBA). The company reported total compensation of $1,456,493 for fiscal year 2025.
| Salary | $608,000 |
|---|---|
| Bonus | $12,160 |
| Stock awards | $303,493 |
| Option awards | $0 |
| Non-equity incentive plan | $477,245 |
| Pension and non-qualified deferred compensation | $20,595 |
| All other compensation | $35,000 |
| Total | $1,456,493 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure West Bancorporation Inc filed March 3, 2026, accession 0001166928-26-000016.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $608,000 | $12,160 | $303,493 | $0 | $477,245 | $20,595 | $35,000 | $1,456,493 |
| FY2024 | President and Chief Executive Officer | $590,000 | $11,800 | $234,473 | $0 | $359,192 | $23,478 | $27,600 | $1,246,543 |
| FY2023 | President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $590,000 | $11,800 | $288,788 | $0 | $371,085 | $15,315 | $26,400 | $1,303,388 |
Totals as disclosed in each year's own compensation disclosure for West Bancorporation Inc.
| Peer-group chief executive median | $1,555,860 |
|---|---|
| Difference from that median | $-99,367 |
| Percentile within the disclosed peer group | 45th |
| Peers with a disclosed figure | 20 |
Medians and percentiles are computed across the peer group West Bancorporation Inc discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| David Nelson this page | President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $1,456,493 |
| Harlee Olafson | Executive Vice President and Chief Risk Officer of the Company and Executive Vice President, Chief Risk Officer and Chief Operating Officer of West Bank | $923,901 |
| Brad Winterbottom | Executive Vice President of the Company and President of West Bank | $923,901 |
| Bradley Peters | Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank | $844,053 |
| Jane Funk | Executive Vice President, Treasurer and Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of West Bank | $842,157 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full West Bancorporation Inc compensation brief.
David Nelson's compensation sits inside West Bancorporation Inc's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.