UNITES STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 WEST BANCORPORATION, INC. Common Stock - No Par Value CUSIP NO. 95123P106 December 31, 2002 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) 1 CUSIP NO. 95123P106 1. Names of Reporting Persons: The Jay Newlin Trust I.R.S. Identification Nos. of above persons: 42-6267990 2. Check the Appropriate Box if a Member of a Group: (a) Not Applicable (b) Not Applicable 3. SEC USE ONLY 4. Citizenship or Place of Organization: State of Iowa 5. Sole Voting Power 945,082 6. Shared Voting Power Not Applicable 7. Sole Dispositive Power Not Applicable 8. Shared Dispositive Power 945,082 9. Aggregate Amount Beneficially Owned by Each Reporting Person 945,082 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11. Percent of Class Represented by Amount in Row (9): 5.9% 12. Type of Reporting Person OO 2 Item 1(a) Name of Issuer: West Bancorporation, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 1601 22nd Street West Des Moines, IA 50265-1474 Item 2(a) Name of Person Filing: The Jay Newlin Trust Item 2(b) Address of Principal Business Office, or, if none, Residence: 6165 NW 86th Street #114 Johnston, IA 50131-2240 Item 2(c) Citizenship or Place of Organization: Iowa Item 2(d) Title of Class of Securities: Common - No Par Value Item 2(e) CUSIP Number: 95123P106 Item 3 If this statement is filed pursuant to Section 240.13d-1(b) or Section 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable Item 4 Ownership: (a) Amount Beneficially Owned: 945,082 (b) Percent of Class: 5.9% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (ii) Shared power to vote or to direct the vote (iii) Sole power to dispose or to direct the disposition of: (iv) Shared power to dispose or to direct the disposition of: (i) 945,082 (ii) Not Applicable (iii) Not Applicable (iv) 945,082 Item 5 Ownership of Five Percent or Less of a Class: Not Applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not Applicable Item 8 Identification and Classification of Members of the Group: Not Applicable 3 Item 9 Notice of Dissolution of Group: Not Applicable Item 10 Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 7, 2003 ------------------------------- Date /s/ Vesta N. Hansen ------------------------------- Signature Vesta N. Hansen, Managing Trustee of The Jay Newlin Trust ------------------------------- Name/Title 5