Overview / Commentary
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 March of 2025, it had grown to 1,199 employees at 80 locations. 1st Source Bank has an A+ health rating.
Reviews (1)
Excellent Bank
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.
Health
A+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9087 |
| Year Established | 1922 |
| Employees | 1199 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.77% |
| Return on Equity - YTD | 14.53% |
| Annual Interest Income | $123.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $8.96B$8.66B |
| Loans | Q1 2025vs Q1 2024 | $6.71B$6.42B |
| Deposits | Q1 2025vs Q1 2024 | $7.42B$7.06B |
| Equity Capital | Q1 2025vs Q1 2024 | $1.11B$980.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $157.5MM$148MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $38.4MM$20.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
