In a medium saucepan, combine the rolled oats, cocoa powder, Dutch or regular cocoa powder, salt, and milk of choice. Stir well to combine.
Place the saucepan over medium heat and bring the mixture to a gentle simmer.
Cook the oatmeal for about 5-7 minutes, stirring occasionally, until it reaches your desired consistency. Add more milk for creamier texture if desired.
Remove the oatmeal from heat. Stir in the peanut butter, sweetener, and vanilla extract until well combined.
If using a ripe banana, mash it with a fork and mix it into the oatmeal for added sweetness and creaminess.
Spoon the oatmeal into a bowl and drizzle with additional milk or creamer if desired for extra creaminess.
Top with favorite toppings such as sliced bananas, cocoa powder, or chopped nuts for added crunch.