First Option Bank

FDIC #4746 📍 Osawatomie, Kansas

First Option Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 09/06/1923. With assets of $695.68 Million, it operates 10 domestic branches.

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★★★★★

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Customer Reviews

5 ★

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★★★★★ Gloria J

December 27, 2019

First Option Bank has been [-] bank of choice for [-] family for 5 generations.They have treated us like a part of their family. They have met and exceeded our bank needs.They have been there for [-] purchases of [-] cars, personal loans, [-] home loans and recreational loans for our retirement.[-] personnel are friendly, helpful and treat us with respect and integrity. First Option has always been there for [-] family and [-] continue to be in [-] future. A great bank with a hometown atmosphere.

Community Reinvestment Act (CRA) Rating

Latest Exam: March 6, 2023

Satisfactory

What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

Rating History

March 6, 2023

Satisfactory

May 14, 2018

Satisfactory

February 24, 2014

Satisfactory

December 14, 2009

Satisfactory

November 15, 2004

Outstanding

October 4, 1999

Outstanding

💰 Financial Strength

Total Assets$695.68 Million

Total Deposits$586.39 Million

Equity Capital$32.20 Million

Net Income$4.17 Million

📈 Performance

ROA0.83%

ROE18.83%

Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.

📞 Contact & Location

Address601 Main St
Osawatomie, Kansas 66064

OnlineVisit Website

📋 Corporate Structure

Established09/06/1923

FDIC Cert4746

Holding CoOsawatomie Agency Inc The

Parent CertNA - Not listed as a child of a larger bank.

Last ChangeAugust 31, 2022

Foreign Offices0

SAIF InsuredNo

State CharteredYes

🕰️ Lobby Hours

Monday7:30 AM - 6:00 PM

Tuesday7:30 AM - 6:00 PM

Wednesday7:30 AM - 6:00 PM

Thursday7:30 AM - 6:00 PM

Friday7:30 AM - 6:00 PM

Saturday8:00 AM - 12:00 PM

SundayClosed

📜 Institutional History

2019

Merger / Acquisition

Acquired: Pony Express Community Bank

2006

Name Change

Name became: Changed Institution Name To First Option Bank.

1992

Name Change

Name became: Changed Institution Name To First National Bank And Trust, Osawatomie, Kansas.

1982

Relocation

Moved HQ to: 601 Main Street, Osawatomie, KS 66064.

📍 Branch Locations (10)

Elwood Branch
209 Roseport Roadelwood
Elwood, Kansas 66024
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Horton Branch
1505 Central Ave
Horton, Kansas 66439
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Lacygne Branch
506 E Market St
Lacygne, Kansas 66040
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Louisburg Branch
103 Broadway
Louisburg, Kansas 66053
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First Option Bank
601 Main St
Osawatomie, Kansas 66064
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Overland Park Branch
7300 West 159th Street
Overland Park, Kansas 66223
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Paola Branch
702 Baptiste Dr
Paola, Kansas 66071
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21101 W. 223rd St. Branch
21101 W 223rd St
Spring Hill, Kansas 66083
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1st Bank Of Troy Branch
212 S Main St
Troy, Kansas 66087
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Saint Joseph Branch
3702 Faraon St
Saint Joseph, Missouri 64506
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