1st Source Bank
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Data as of · sourced from FFIEC call reports. How we update
1st Source Bank is an FDIC-insured commercial bank headquartered in South Bend, IN, established in 1922 (FDIC certificate 9087), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $9.26B, up 1.9% from Q2 2025, the 5th largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 14.84% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 9087
- Headquarters
- South Bend, IN
- Established
- 1922
- Total assets, Q2 2026
- $9.26B
- Assets vs Q2 2025
- +1.9%
- CET1 ratio, Q2 2026
- 14.84%
- Domestic offices
- 81 FDIC institution directory, current count
- Routing number
- 071212128
- Holding company
- 1ST SOURCE CORPORATION
- Asset rank in state
- 5th of 87 in Indiana
1st Source Bank, based in South Bend, Indiana, reported $9.3 billion in assets at June 30, 2026, up 1.9% from a year earlier. It holds about half of its deposits (54%) above the FDIC insurance limit, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 30.9%). On the other hand, it holds commercial real estate loans worth 0.6 times its capital, a small fraction of the median of 2.2 times for banks its size.
Net income for the quarter rose 26% from a year earlier, to $49 million.
As of June 30, 2026, 1st Source Bank reported a CET1 capital ratio of 14.84%, a return on assets of 2.12%, a nonperforming-loan ratio of 0.99% and a Texas ratio of 4.88%. The figures come from its call report filed with the FFIEC.
Of the 87 banks headquartered in Indiana, 1st Source Bank is the 5th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.6% to $9.26B, loans rose 2.0% and deposits rose 2.8%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 66.4% of total loans, ahead of 1-4 family residential loans at 10.8%. Its 80 offices in the FDIC Summary of Deposits are in 43 cities across 3 states; its South Bend 11 offices book 32% of its branch deposits. On its Q2 2026 call report, 1st Source Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 N Michigan St Ste B, South Bend, IN 46601
- County
- St. Joseph
- Metro Area
- South Bend-Mishawaka, IN-MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1922
- Domestic offices
- 81 FDIC institution directory, current count
- Employees (FTE)
- 1,234
- Domestic deposits
- $7.43B
- Allowance for credit losses
- $166.4M
- Net charge-offs (YTD)
- $4.5M
- Average total assets
- $9.31B
- Average total loans
- $6.99B
- Average interest-bearing deposits
- $5.85B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9087
- Fed RSSD
- 991340
- SEC CIK
- 34782 → filed by 1ST SOURCE CORPORATION
- Website
- www.1stsource.com →
- Parent Holding Company
- 1ST SOURCE CORPORATION (RSSD 1199602) · SRCE
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Andrea G Short | CEO | President and CEO |
| Christopher J Murphy Iii | CHR | Executive Chairman |
| Brett A. Bauer | CFO | Treasurer and CFO |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
1st Source Bank's total assets moved between a low of $8.52B (Q3 2023) and a high of $9.26B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$9.26B total assets against $9.08B; $7.96B total liabilities against $7.88B.
$7.06B net loans and leases against $6.94B; $7.43B total deposits against $7.44B.
$1.53B securities against $1.46B; $128.3M cash and balances due against $150.1M.
$131.1M total interest income against $127.2M; $36.0M total interest expense against $40.0M.
$95.1M net interest income against $87.2M.
$25.3M total noninterest income against $24.1M; $55.0M total noninterest expense against $52.2M.
$1.5M provision for credit losses against $7.7M.
$49.4M net income against $39.2M.
2.12% return on assets against 1.73%; 4.23% net interest margin against 4.00%.
14.84% CET1 capital ratio against 13.96%; 13.72% tier 1 leverage ratio against 13.18%.
Inside the full 1st Source Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
1st Source Bank rankings
Its closest position to the top of a national ranking is 168 of 4,196, for total assets; its furthest is 924 of 2,134, for CET1 ratio.
Metric pages for 1st Source Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.46% (Q4 2024) to 2.12% (Q2 2026) and its net interest margin ran from 3.66% (Q3 2024) to 4.34% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.84% | 2.12% | 0.99% | 4.88% | 4.23% |
| Q1 2026 | 14.75% | 1.83% | 1.03% | 5.29% | 4.19% |
| Q4 2025 | 14.82% | 1.89% | 1.11% | 5.80% | 4.34% |
| Q3 2025 | 14.54% | 1.94% | 0.92% | 4.83% | 4.13% |
| Q2 2025 | 13.96% | 1.73% | 1.04% | 5.65% | 4.00% |
| Q1 2025 | 14.08% | 1.77% | 0.61% | 3.24% | 3.85% |
| Q4 2024 | 13.67% | 1.46% | 0.47% | 2.59% | 3.75% |
| Q3 2024 | 13.71% | 1.67% | 0.50% | 2.56% | 3.66% |
Swipe the table sideways to see every column.
Branch Network
View all 80 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 1st Source Bank (main office) | South Bend , IN | 46601 | $1.90B |
| Elkhart-Franklin Street Branch | Elkhart , IN | 46516 | $630.2M |
| Plymouth Main Branch | Plymouth , IN | 46563 | $262.8M |
| Ft Wayne Downtown Branch | Fort Wayne , IN | 46802 | $202.6M |
| Goshen Branch | Goshen , IN | 46526 | $186.4M |
| Valparaiso Downtown Branch | Valparaiso , IN | 46383 | $174.3M |
| Knox Branch | Knox , IN | 46534 | $157.7M |
| Valparaiso North Branch | Valparaiso , IN | 46383 | $149.7M |
| Bank Mart Branch | Mishawaka , IN | 46545 | $144.9M |
| New Carlisle Branch | New Carlisle , IN | 46552 | $141.9M |
| La Porte Boyd Branch | La Porte , IN | 46350 | $138.2M |
| Ireland Road Branch | South Bend , IN | 46614 | $120.7M |
| Portage Central Branch | Portage , IN | 46368 | $118.0M |
| Chesterton Branch | Chesterton , IN | 46304 | $116.0M |
| Bremen Branch | Bremen , IN | 46506 | $107.2M |
| Warsaw Banking Center Branch | Warsaw , IN | 46580 | $93.1M |
| Osceola Branch | Mishawaka , IN | 46544 | $92.9M |
| Hebron Branch | Hebron , IN | 46341 | $92.0M |
| Portage Avenue Branch | South Bend , IN | 46628 | $91.6M |
| Laporte West Branch | La Porte , IN | 46350 | $88.6M |
| Rochester Branch | Rochester , IN | 46975 | $81.4M |
| Maple Lane Branch | South Bend , IN | 46635 | $79.2M |
| Lafayette Downtown Branch | Lafayette , IN | 47901 | $78.7M |
| Michigan City Marquette Branch | Michigan City , IN | 46360 | $77.9M |
| Kouts Branch | Kouts , IN | 46347 | $77.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 7, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 7, 2008 | Structure Change | Acquired First National Bank, Valparaiso Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 1995 | Structure Change | Acquired 1st Source Bank of Starke County Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 19, 1992 | Structure Change | Acquired Farmers State Bank of Wyatt Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 19, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1987 | Structure Change | Acquired Community State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 2, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 2, 1985 | Structure Change | Acquired 1st Source Bank of Marshall County Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1983 | Structure Change | Acquired The First National Bank of Mishawaka Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 12 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action October 7, 2021. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 3.2% of deposits in IN, rank 8 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,827 applications, 1,930 loans originated, $358.3M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 70 loans, $23.4M approved, $334K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about 1st Source Bank
What are 1st Source Bank's total assets?
As of the Q2 2026 filing, 1st Source Bank reported total assets of $9.26 billion in its FFIEC call report.
Where is 1st Source Bank headquartered?
It is headquartered in South Bend, IN, United States.
When was 1st Source Bank founded?
It was established in 1922, per the FDIC institution directory.
Is 1st Source Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9087). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates 1st Source Bank?
1st Source Bank's primary federal regulator is the Federal Reserve.
What is 1st Source Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.84% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does 1st Source Bank operate?
It operates 81 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is 1st Source Bank's Texas Ratio?
Its Texas Ratio is 4.88% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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