First Option Bank: how it compares with its peers
Against 43 KS banks with half to twice its assets, First Option Bank's strongest measure in Q2 2026 is assets per employee ($6.8M vs. a $6.7M peer median). Its weakest relative measure is net interest margin (3.21% vs. 4.06%).
| Measure | First Option Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.44% | 1.53% | Middle third Ahead of 40% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.21% | 4.06% | Bottom third Ahead of 2% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.37% | 54.26% | Bottom third Ahead of 30% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.8M | $6.7M | Middle third Ahead of 53% of peers |
| Loans to deposits Net loans and leases over total deposits. | 66.81% | 76.89% | Context |
What it means for lending operations
Its efficiency ratio of 63.37% is above the 54.26% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Western State Bank Garden City, KS · $802M
- Community National Bank Seneca, KS · $853M
- Legacy Bank Colwich, KS · $865M
- United Bank & Trust Marysville, KS · $893M
- Union State Bank Arkansas City, KS · $719M
- Dream First Bank, National Association Syracuse, KS · $964M
Questions about First Option Bank
How big is First Option Bank?
First Option Bank, established in 1923, is headquartered in Osawatomie, KS. It reported $818M in total assets in its Q2 2026 FDIC call report and operates 10 offices.
What is First Option Bank's return on assets?
1.44% annualized in Q2 2026, against a 1.53% median for 43 KS banks with half to twice its assets, ahead of 40% of them.
What is First Option Bank's efficiency ratio?
63.37% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 54.26%, and lower is better.
Is First Option Bank growing its loans?
Net loans grew 7.8% over the year to Q2 2026, while deposits grew 7.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are KS banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Kansas bank ranked.