1st Source Bank

1st Source Bank Locations
100 North Michigan Street
South Bend, IN 46601
1-800-513-2360
www.1stsource.com

FDIC

1st Source Bank is headquartered in South Bend and is the 2nd largest bank in the state of Indiana. It is also the 182nd largest bank in the nation. It was established in 1922 and as of March of 2013, it had grown to 1,136 employees at 79 locations. 1st Source Bank has a 5-star health rating.

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Competitive 3-Year CD Rate at 1st Source Bank - Available Nationwide - 5/12/2011

It has been a while since 1st Source Bank has offered any competitive CD rates, but they currently have a good deal on one CD. It's a 3-year CD with a 2.02% APY. Minimum deposit is $500. This is liste ...

4.80% 36-Month CD at 1st Source Bank - Nationally Available - 9/19/2008

Update 12/18/08: The CD rates have fallen. Please check the bank's website for the latest rates.1st Source Bank has some competitive long-term CD rates. These yields include a 4.45% APY for a 2-year term, a 4.80% APY for terms of 3, 4 and 5 years, and a...



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1st Source Bank CD Rates

ApyMinMaxProduct
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

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


1st Source Bank
FDIC Certificate #9087
BankRate ReportView
Year Established1922
Employees1136
Primary RegulatorFED

Assets and Liabilities

Assets$4.55 billion
Loans$3.30 billion
Deposits$3.68 billion
Equity Capital$599.26 million
Loan Loss Allowance$84.01 million
Unbacked Noncurrent Loans$41.39 million
Real Estate Owned$5.32 million

Historic Data - March 2012

Assets$4.37 billion
Equity Capital$604.31 million
Loan Loss Allowance$82.39 million
Unbacked Noncurrent Loans$52.94 million
Real Estate Owned$8.85 million

Profit Margin - Quarterly

Net Interest Margin3.76%
Return on Assets1.15%
Return on Equity8.73%
Interest Income$43.85 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 1st Source Bank had $46.71 million in non-current loans and owned real-estate with $683.28 million in equity and loan loss allowances on hand to cover it. This gives 1st Source Bank a Texas Ratio of 6.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for 1st Source Bank decreased slightly from 9.52% as of March 31, 2012 to 6.84% as of March 31, 2013, resulting in a positive change of 28.16%.This indicates that the balance sheet and financial strength for 1st Source Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, 1st Source Bank has increased its total deposits by $174.92 million, resulting in 4.99% 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.
Capitalization5
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 $4.55 billion in assets with $683.28 million in equity, resulting in a capitalization level of 15.03%, which is excellent.
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