First Option Bank in city_name, state_name - Detailed Financial Reports, Location

First Option Bank in Osawatomie, Kansas (KS)
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First Option Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	3163	First Option Bank	601 Main Street, Osawatomie, KS 66064	September 06, 1923	Full Service Brick and Mortar
1	204059	Paola Branch	702 Baptiste Drive, Paola, KS 66071	December 30, 1993	Full Service Brick and Mortar
2	357158	Lacygne Branch	506 E Market St, Lacygne, KS 66040	May 08, 2000	Full Service Brick and Mortar
3	362061	Louisburg Branch	103 Broadway, Louisburg, KS 66053	August 08, 2000	Full Service Brick and Mortar
4	467645	21101 W. 223rd St. Branch	21101 W. 223rd Street, Spring Hill, KS 66083	September 04, 2007	Full Service Brick and Mortar

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

First Option Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Option Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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