1st Source Bank is headquartered in South Bend and is the 3rd largest bank in the state of Indiana. It is also the 189th largest bank in the nation. It was established in 1922 and as of December of 2018, it had grown to 1,153 employees at 83 locations. 1st Source Bank has an A+ health rating.
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Switched To 1St Source And Am Happy!
We had been with a local bank in our town for years until this year when a larger bank from another part of the state bought out our bank. We went along with the switch, which went very smoothly. But we were unhappy with the new bank's rates and transaction practices. So we searched for another local/regional bank. I am so pleased with 1st Source. From the first day I felt welcome and have had lots of help setting up accounts. And I love our branch; it is decorated with lovely rocks donated by another customer. That is a bank people love!
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9087 |
| Year Established | 1922 |
| Employees | 1153 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.4% |
| Return on Equity - YTD | 11.99% |
| Annual Interest Income | $257.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $6.29B$5.89B |
| Loans | Q4 2018vs Q4 2017 | $4.75B$4.45B |
| Deposits | Q4 2018vs Q4 2017 | $5.12B$4.75B |
| Equity Capital | Q4 2018vs Q4 2017 | $740.7MM$706.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $100.5MM$94.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $27.8MM$19.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $299.00K$1.3MM |
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