1st Source Bank

100 North Michigan Street
South Bend, IN 46601

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9087
Date Established 1922
Assets $6.05 billion
Loans $4.60 billion
Deposits $4.78 billion
Capital $0.71 billion

1st Source Bank is an FDIC insured institution located in South Bend, IN. It was founded in 1922 and has approximately $6.05 billion in assets. Customers can open an account at one of its 88 branches.

For a more detailed analysis of 1st Source Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 1st Source Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Indiana, 1st Source Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.12
Multifamily
Mortgages
0.40
Credit Card Loans 0.00
Consumer Auto Loans 1.01
Small Business Loans 4.13
Construction and Development Loans 2.20
Commercial Real Estate 13.78
Commercial and Industrial Loans 62.53
Farm Loans 0.76

Deposit Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.10% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.15% $500 - Learn MoreShow Less
Special: 19 Mo FIRA
1.60% $500 - Learn MoreShow Less
Special: 59 Mo FIRA
2.11% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.04% $25 - Learn MoreShow Less

Loan Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st Source Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triumph Bank
NMLS ID: 1339905
4.281% 4.250% 0.38 $938 $1,230 Learn More
HomeDirect Mortgage
NMLS ID: 420821
4.509% 4.500% 0.13 $367 $1,267 Learn More
Federated Mortgage Corp
NMLS ID: 101475
4.280% 4.250% 0.00 $890 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.740% $291.47 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to 1st Source Bank
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Branches

1st Source Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Source Bank Locations

Financial Details

1st Source Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Source Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st Source Bank U.S. Bank Average
3.57% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2018, 1st Source Bank had $27,632,000 in non-current loans and $1,184,000 in owned real estate. To cover these potential losses it had $708,539,000 in equity and $98,331,000 in loans loss reserves. That gives it a Texas Ratio of 3.57%.

Return on Equity
1st Source Bank U.S. Bank Average
11.32% 9.35%

1st Source Bank has a Return on Equity of 11.32% versus the BestCashCow average of 9.35%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
1st Source Bank U.S. Bank Average
11.71% 12.01%

1st Source Bank has a Capitalization of 11.71% versus the BestCashCow average of 12.01. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st Source Bank Balance Sheet Analysis

As of March 31, 2018, 1st Source Bank had assets of $6,051,014,000, loans of $4,601,392,000, and deposits of $4,781,828,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $0.06 billion
Interest-bearing balances $0.03 billion
Total securities $0.94 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $4.60 billion
Loan loss allowance $0.10 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.09 billion
All other assets $0.30 billion
     Total Assets $5.34 billion
LIABILITIES
Total deposits $4.78 billion
      Interest-bearing deposits $3.75 billion
      Deposits held in domestic offices $4.78 billion
      % insured (estimated) 60.72%
Federal funds purchased and repurchase agreements $0.25 billion
Trading liabilities $0.01 billion
Other borrowed funds $0.25 billion
Subordinated debt $0.00 billion
All other liabilities $0.05 billion
      Total Liabilities $5.34 billion
      Shareholders’ Equity $0.71 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About 1st Source Bank

Branches and Savings

Is 1st Source Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9087.

Why does 1st Source Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st Source Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st Source Bank a commercial bank?

Yes

Where are 1st Source Bank locations?

See branch locations nearby.

Is 1st Source Bank open on Saturdays?

Is 1st Source Bank open on Sundays?

What time does 1st Source Bank open?

What time does 1st Source Bank close?

Are 1st Source Bank ATMs Open 24/7?

Do 1st Source Bank ATMs accept cash deposits?

Can 1st Source Bank customers use other ATMs?

Do 1st Source Bank branches have notaries?

Will 1st Source Bank notarize my document?

What address for 1st Source Bank should I put for incoming ACH transfers?

Will the 1st Source Bank branch print checks?

Do 1st Source Bank checks expire?

Does 1st Source Bank require US citizenship to open account?

Can 1st Source Bank close my account?

Does 1st Source Bank Report to credit bureaus?

Does 1st Source Bank Use Equifax?

What is 1st Source Bank's ACH Routing Number?

What is 1st Source Bank's SWIFT code?

Products

Does 1st Source Bank offer mortgages?

Compare mortgage rates here.

Does 1st Source Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st Source Bank offer personal loans?

Compare personal loan rates here.

Does 1st Source Bank offer student loans?

Will 1st Source Bank cash a check?

Will 1st Source Bank redeem a savings bond?

Does 1st Source Bank cash savings bonds?

Will 1st Source Bank cash money orders?

Can 1st Source Bank issue a money order?

Does 1st Source Bank do currency exchange?

Background on The Bank

Who owns 1st Source Bank?

How long has 1st Source Bank been around?

Can 1st Source Bank transfer to other banks?

Does 1st Source Bank have quick pay?

Does 1st Source Bank accept rolled coins?

Will 1st Source Bank accept loose change?

Where is 1st Source Bank headquarters?

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