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Overview / Commentary
100 North Michigan Street
South Bend, IN 46601

1st Source Bank is headquartered in South Bend and is the 3rd largest bank in the state of Indiana. It is also the 187th largest bank in the nation. It was established in 1922 and as of March of 2014, it had grown to 1,104 employees at 80 locations. 1st Source Bank has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st Source Bank had $26.3 million in non-current loans and owned real-estate with $701.21 million in equity and loan loss allowances on hand to cover it. This gives 1st Source Bank a Texas Ratio of 3.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st Source Bank decreased dramatically from 6.93% as of March 31, 2013 to 3.75% as of March 31, 2014, resulting in a positive change of 45.90%.This indicates that the balance sheet and financial strength for 1st Source Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, 1st Source Bank has increased its total deposits by $27.86 million, resulting in 0.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Source Bank has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Source Bank has $4.76 billion in assets with $701.21 million in equity, resulting in a capitalization level of 14.73%, which is excellent.

Institution Statistics

FDIC Certificate #9087
Year Established1922
Primary RegulatorFED
Assets and Liabilities
Assets$4.76 billion
Loans$3.51 billion
Deposits$3.71 billion
Equity Capital$616.20 million
Loan Loss Allowance$85.01 million
Unbacked Noncurrent Loans$23.41 million
Real Estate Owned$2.89 million
Historic Data - March 2013
Assets$4.55 billion
Equity Capital$599.26 million
Loan Loss Allowance$84.01 million
Unbacked Noncurrent Loans$23.41 million
Real Estate Owned$5.32 million
Profit Margin - Quarterly
Net Interest Margin3.7%
Return on Assets1.23%
Return on Equity9.49%
Interest Income$43.32 million
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1st Source Bank CD Rates

0.65%$500-5 Year CD
0.65%$500-6 Year CD
0.60%$500-4 Year CD
0.55%$500-3 Year CD
0.22%$500-2 Year CD
0.17%$500-18 Month CD
0.15%$500-1 Year CD
0.10%$2,500-182 Day CD
0.05%$2,500-91 Day CD
0.04%$2,500-32 Day CD
0.03%$25k-7 Day CD

1st Source Bank has 78 locations. Click to view all 1st Source Bank locations.