You're asking immigration about an extension when you still have a valid visa. If your visa is still valid then you can leave and re-enter and get another year. You'll need to meet the entry requirements but the financials were required to get the visa and you don't need to do anything about them now. You'll need insurance like you did last time you entered.
If you leave and re-enter before the visa expires you'll be stamped in for another year. You'll need a re-entry permit to leave during the second year.
It's a little more difficult to get this visa but you don't need to to Thai Immigration at all inside Thailand for immigration matters. For people starting out that's a blessing. You'll probably need to see them to get a certificate of residence letter to open a bank account or get a driver's licence though once you get more established. And an o-a makes bank account and drivers licence easier too