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Overview / Commentary
601 Main Street
Osawatomie, KS 66064

First Option Bank is headquartered in Osawatomie and is the 52nd largest bank in the state of Kansas. It is also the 2,541st largest bank in the nation. It was established in 1923 and as of March of 2014, it had grown to 65 employees at 5 locations. First Option Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 March 31, 2014 First Option Bank had $960,000 in non-current loans and owned real-estate with $22.06 million in equity and loan loss allowances on hand to cover it. This gives First Option Bank a Texas Ratio of 4.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Option Bank decreased dramatically from 6.63% as of March 31, 2013 to 4.35% as of March 31, 2014, resulting in a positive change of 34.38%.This indicates that the balance sheet and financial strength for First Option Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, First Option Bank has increased its total deposits by $18.45 million, resulting in 8.71% 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.



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 $252.12 million in assets with $22.06 million in equity, resulting in a capitalization level of 8.75%, which is average.

Institution Statistics

FDIC Certificate #4746
Year Established1923
Primary RegulatorFED
Assets and Liabilities
Assets$252.12 million
Loans$112.32 million
Deposits$230.20 million
Equity Capital$20.32 million
Loan Loss Allowance$1.74 million
Unbacked Noncurrent Loans$960,000
Real Estate Owned$0
Historic Data - March 2013
Assets$235.74 million
Equity Capital$21.49 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$960,000
Real Estate Owned$13,000
Profit Margin - Quarterly
Net Interest Margin3.09%
Return on Assets1.47%
Return on Equity18.99%
Interest Income$2.14 million

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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