1st Source Bank

100 North Michigan Street
South Bend, IN 46601


General Bank Information

FDIC Insured Yes
FDIC Certificate # 9087
Date Established 1922
Assets $5.68 billion
Loans $4.31 billion
Deposits $4.48 billion
Capital $0.69 billion

1st Source Bank is an FDIC insured institution located in South Bend, IN. It was founded in 1922 and has approximately $5.68 billion in assets. Customers can open an account at one of its 86 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.41
Credit Card Loans 0.00
Consumer Auto Loans 1.03
Small Business Loans 4.40
Construction and Development Loans 1.28
Commercial Real Estate 15.09
Commercial and Industrial Loans 60.01
Farm Loans 0.73

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for 1st Source Bank, but see these great savings and CD rates:

1.20% APY Online Savings Account from Ally Bank
1.50% APY 11 Month CD from Ally Bank

Loan Rates

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 2017

Lender APR Rate (%) Points Fees Monthly
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.750% 3.750% -0.25 ($162) $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Note to 1st Source Bank
To upload and update your bank's rates please register. It is free to register and add rates.


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:

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
2.41% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, 1st Source Bank had $18,243,000 in non-current loans and $710,000 in owned real estate. To cover these potential losses it had $694,677,000 in equity and $91,914,000 in loans loss reserves. That gives it a Texas Ratio of 2.41%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
1st Source Bank U.S. Bank Average
9.88% 8.58

1st Source Bank has a Return on Equity of 9.88% versus the BestCashCow average of 8.58. 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.

1st Source Bank U.S. Bank Average
12.23% 12.11

1st Source Bank has a Capitalization of 12.23% versus the BestCashCow average of 12.11. 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 June 30, 2017, 1st Source Bank had assets of $5,679,709,000, loans of $4,305,604,000, and deposits of $4,482,538,000. 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.

Customer Reviews for 1st Source Bank

There are currently no comments for 1st Source Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →