First Option Bank in Osawatomie, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Option Bank - Overview

  • General
  • FDIC Certificate #: 4746
    Status: Active
    Federal Reserve ID: 285852
    Bank Holding Company (Regulatory Top Holder): Osawatomie Agency, Inc., The (RSSDID: 1053777, Location: Osawatomie, KS)
    Date Established: September 06, 1923
    WWW: http://www.firstoptionbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9670
    FDIC's unique #: 3163
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Main Street, Osawatomie, KS 66064
    County: Miami
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $223.1 mil
    Equity capital: $20.1 mil
    Deposits held in domestic offices: $200.6 mil
    Return on assets (ROA): 1.62% ($3.6 mil)
    Quarterly return on assets: 1.88% ($4.2 mil)
    Return on Equity (ROE): 19.18% ($3.8 mil)
    Quarterly return on equity: 20.85% ($4.2 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.69% ($3,771.0 mil)
    Quarterly Pretax return on assets: 1.96% ($4,373.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 66Total employees (full-time equivalent)
  • $223,134Total assets
  • $6,986Cash and due from depository institutions
  • $2,553Interest-bearing balances
  • $86,594Securities
  • $11,380Federal funds sold & reverse repurchase agreements
  • $111,100Net loans & leases
  • $1,251Loan loss allowance
  • $0Trading account assets
  • $3,644Bank premises and fixed assets
  • $559Other real estate owned
  • $121Goodwill and other intangibles
  • $223,134Life insurance assets
  • $2,750All other assets
  • $203,076Total liabilities and capital
  • $200,624Total liabilities
  • $169,837Total deposits
  • $200,624Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $952Subordinated debt
  • $20,058All other liabilities
  • $20,058Total equity capital
  • $20,058Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,285Surplus
  • $15,273Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $275Income earned, not collected on loans
  • $0Earning assets
  • $926Long-term assets (5+ years)
  • $211,627Average Assets, year-to-date
  • $126,868Average Assets, quarterly
  • $208,700Volatile liabilities
  • $216,210Insider loans
  • $101,046FHLB advances
  • $208,388Loans and leases held for sale
  • $438Unused loan commitments
  • $438Tier 1 (core) risk-based capital
  • $17,067Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,069Restructured Loans and leases
  • $1,803Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,115Total interest income
  • $1,638Total interest expense
  • $7,477Net interest income
  • $150Provision for loan and lease losses
  • $2,501Total noninterest income
  • $467Fiduciary activities
  • $937Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,097Additional noninterest income
  • $6,528Total noninterest expense
  • $3,698Salaries and employee benefits
  • $572Premises and equipment expense
  • $2,258Additional noninterest expense
  • $3,300Pre-tax net operating income
  • $220Securities gains (losses)
  • $140Applicable income taxes
  • $3,380Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,380Net income attributable to bank
  • $0Net charge-offs
  • $3,380Cash dividends
  • $55Sale, conversion, retirement of capital stock, net
  • $841Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.62%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 19.18%Return on equity (ROE)
  • 14.41%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 272.73%Credit loss provision to net charge-offs
  • 62.73%Efficiency ratio
  • 65,424Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.88%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 454.91%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 55.38%Net loans and leases to core deposits
  • 56.86%Equity capital to assets
  • 8.99%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 16.89%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $208,700Average earning assets
  • $17,622Average equity
  • $197,563Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $70,431Managed Assets
  • 1Number of Accounts
  • $61,969Personal trust and agency accounts
  • $49,837Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $242Other fiduciary accounts
  • $11,890Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 107Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,462Other retirement accounts
  • $22Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $8,440Fiduciary accounts held in foreign offices

List of branches

  • 5 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03163First Option Bank601 Main Street, Osawatomie, KS 66064September 06, 1923Full Service Brick and Mortar
    1204059Paola Branch702 Baptiste Drive, Paola, KS 66071December 30, 1993Full Service Brick and Mortar
    2357158Lacygne Branch506 E Market St, Lacygne, KS 66040May 08, 2000Full Service Brick and Mortar
    3362061Louisburg Branch103 Broadway, Louisburg, KS 66053August 08, 2000Full Service Brick and Mortar
    446764521101 W. 223rd St. Branch21101 W. 223rd Street, Spring Hill, KS 66083September 04, 2007Full Service Brick and Mortar

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