David D. Nelson is the CEO of West Bancorporation and has been in this role since April 2010. He previously worked as President of Southeast Minnesota Business Banking at Wells Fargo. With over 35 years of experience in commercial banking,...

David D. Nelson is the CEO of West Bancorporation and has been in this role since April 2010. He previously worked as President of Southeast Minnesota Business Banking at Wells Fargo. With over 35 years of experience in commercial banking, he has a solid background in building customer relationships and developing leadership skills. Nelson's tenure includes navigating challenges when West Bancorporation participated in the Capital Purchase Program, which impacted cash bonuses for executives. His compensation has varied, evidencing how performance metrics are linked closely to the company’s financial health. Notably, his stock holdings have seen significant fluctuations, peaking around $6.09 million in 2021 before settling in the low $4 million range in recent years. Under his leadership, the company engages in community support efforts, reflecting a commitment to social responsibility, aligning with modern banking practices.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other West Bancorporation CEOs

W

David D. Nelson

CEO of West Bancorporation

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

CEO of West Bancorporation for

15 years 1 month (Apr 2010 - Present)

Previous Experience

President, Southeast Minnesota Business Banking for Wells Fargo Bank Minnesota, N.A.

Rivals

Competitors/colleagues of David D. Nelson

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

F

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

I

Gavin A. Mohr

CEO of Independent Bank Corporation

2023 Compensation

Stock

$65.89K

Salary

$302.00K

Bonus

$70.15K

Other

$45.98K

Total Holdings

$639.88K

M

Len D. Devaisher

CEO of MidWestOne Financial Group

2022 Compensation

Stock

$0.00

Salary

$426.92K

Bonus

$100.00K

Other

$17.05K

Total Holdings

$957.41K

F

Gary R. Mills

CEO of First Community Bankshares

2020 Compensation

Stock

$155.97K

Salary

$567.00K

Bonus

$265.78K

Other

$81.92K

Total Holdings

$1.58M

Holdings

See how much did David D. Nelson make over time.

David D. Nelson has seen his holdings in West Bancorporation fluctuate significantly over the years. His holdings peaked at approximately $6.09 million in November 2021, showcasing confidence during strong performance periods. However, as of recent months, his holdings have dipped...

David D. Nelson has seen his holdings in West Bancorporation fluctuate significantly over the years. His holdings peaked at approximately $6.09 million in November 2021, showcasing confidence during strong performance periods. However, as of recent months, his holdings have dipped to around $3.76 million in September 2023. The value of his stocks illustrates the ups and downs of the market, reflecting wider trends within the banking sector and the company's strategic decisions. Nelson's ability to manage these changes is a testament to his long experience in the industry.

Charitable Transactions

WTBA

78,927 shares

WTBA

Recent Charitable Transactions

WTBA

9,946 shares

WTBA

Apr 2, 2024

Charity

WTBA

6,558 shares

WTBA

Apr 20, 2023

Charity

WTBA

7,976 shares

WTBA

Mar 25, 2022

Charity

WTBA

8,198 shares

WTBA

Mar 25, 2021

Charity

WTBA

8,197 shares

WTBA

Mar 25, 2020

Charity

WTBA

8,649 shares

WTBA

Mar 25, 2019

Charity

Insider Trading

See recent insider trades of David D. Nelson.

WTBA

$14.23K

WTBA at $22.27/share

Feb 19, 2025

Purchase

WTBA

17,000 shares

WTBA

Feb 17, 2025

Received

WTBA

$14.08K

WTBA at $23.79/share

Nov 20, 2024

Purchase

WTBA

$13.90K

WTBA at $19.04/share

Aug 21, 2024

Purchase

WTBA

$13.72K

WTBA at $17.87/share

May 22, 2024

Purchase

WTBA

9,946 shares

WTBA

Apr 2, 2024

Charity

WTBA

9,946 shares

WTBA

Apr 2, 2024

Charity

WTBA

$35.22K

WTBA at $17.55/share

Feb 21, 2024

Purchase

WTBA

17,000 shares

WTBA

Feb 19, 2024

Received

WTBA

$34.73K

WTBA at $18.22/share

Nov 22, 2023

Purchase

Compensation History

See how much did David D. Nelson make over time.

In 2010, David D. Nelson's total compensation was $378,828, which included a salary of $203,078. However, due to his company's participation in the Capital Purchase Program, he did not receive bonuses for 2009 and 2010. His salary increased over the years, reaching $485,000 in 2021, supported by performance-linked bonuses and stock awards. In 2021, he earned a bonus of nearly $10,000 and approximately $257,000 in stock awards, marking a higher performance-based pay framework. His compensation reflects both the company's financial performance and his role in steering the bank through turbulent times while also looking after the interests of the shareholders.

Year

2010

Total Compensation

$378.83K

Salary

$203.08K

Board Justification

The compensation program is designed to attract, motivate, and retain outstanding employees while aligning their interests with those of shareholders.

Bonus

$125.00K

Board Justification

No bonuses were paid for 2009 and 2010 due to participation in the Capital Purchase Program (CPP), which precluded payments of cash incentives to top officers. Discretionary bonuses were paid to named executive officers for 2011.

Other

$50.75K

Board Justification

Other compensation consists of contributions made by the Company on behalf of the Named Executive Officer to the Company's Employee Savings and Stock Ownership Plan, including 401(k) matches and discretionary contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No equity awards were made in 2010 under the Restricted Stock Compensation Plan due to CPP limitations.

Performance Metrics

The performance metrics for determining compensation in 2010 were influenced by the company's participation in the CPP, which limited cash bonuses.

Other West Bancorporation CEOs

Here are other CEOs of West Bancorporation

David R. Milligan

Ex-CEO of West Bancorporation

July 2009 - April 2010