1st Source Bank is headquartered in SOUTH BEND and is the 5th largest bank in the state of Indiana. It is also the 176th largest bank in the nation. It was established in 1922 and as of June of 2024, it had grown to 1,230 employees at 81 locations. 1st Source Bank has an A health rating.
I got my Mortgage through 1st Source and I was really impressed with the process. It's probably because they are a regional bank so they value home purchases in their region more than the big national guys do, but they have a lot more resources than the smaller community banks. Speaking of, I recently refinanced to a smaller community bank and am regretting it. 1st chance I get I'll be working with them again. Just good people imo.
Overall | |
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FDIC Certificate # | 9087 |
Year Established | 1922 |
Employees | 1230 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.58% |
Return on Equity - YTD | 14.07% |
Annual Interest Income | $237.6MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $8.88B$8.41B |
Loans | Q2 2024vs Q2 2023 | $6.51B$6.07B |
Deposits | Q2 2024vs Q2 2023 | $7.2B$6.98B |
Equity Capital | Q2 2024vs Q2 2023 | $1.01B$892.9MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $150.1MM$143.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $18.8MM$19.8MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$193K |
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