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Overview / Commentary
601 Main Street
Osawatomie, KS 66064

First Option Bank is headquartered in Osawatomie and is the 49th largest bank in the state of Kansas. It is also the 2,429th largest bank in the nation. It was established in 1923 and as of June of 2014, it had grown to 65 employees at 5 locations. First Option Bank has a B+ health rating.

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Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 First Option Bank had $1.78 million in non-current loans and owned real-estate with $23.4 million in equity and loan loss allowances on hand to cover it. This gives First Option Bank a Texas Ratio of 7.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First Option Bank experienced no significant changes from 7.11% as of June 30, 2013 to 7.63% as of June 30, 2014, resulting in a negative change of 7.37%. This indicates that the balance sheet and financial strength for First Option Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Option Bank has increased its total deposits by $27.58 million, resulting in 12.88% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Option Bank has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Option Bank has $265.09 million in assets with $23.4 million in equity, resulting in a capitalization level of 8.83%, which is average.

Institution Statistics

Overall
FDIC Certificate #4746
Year Established1923
Employees65
Primary RegulatorFED
Assets and Liabilities
Assets$265.09 million
Loans$110.82 million
Deposits$241.82 million
Equity Capital$21.65 million
Loan Loss Allowance$1.74 million
Unbacked Noncurrent Loans$1.79 million
Real Estate Owned$0
Historic Data - June 2013
Assets$235.81 million
Equity Capital$19.49 million
Loan Loss Allowance$1.49 million
Unbacked Noncurrent Loans$1.79 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.44%
Return on Equity18.22%
Interest Income$4.34 million
Rates

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Locations


First Option Bank Locations
Louisburg Branch103 BroadwayLouisburg, KS 66053
21101 W. 223rd St. Branch21101 W. 223rd StreetSpring Hill, KS 66083
Lacygne Branch506 E Market StLacygne, KS 66040
First Option Bank601 Main StreetOsawatomie, KS 66064
Paola Branch702 Baptiste DrivePaola, KS 66071