1st Source Bank is a state-chartered bank (fed member) headquartered in South Bend, Indiana, in business for about 104 years. At the end of Q2 2026 it reported $9.3B in total assets and $7.4B in deposits, with 81 offices across 3 states.
Based on its Q2 2026 filing, 1st Source Bank scores 75/100, which we describe as strong. That is higher than 77% of 897 banks with $1 billion – $10 billion. Among 88 banks headquartered in Indiana, it ranks 17th. Its strongest component is earnings (100/100; 1.99%), and its lowest is funding & liquidity (22/100; 95% loans-to-deposits, 54% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 4 points (71 → 75), mostly because the earnings component improved by 10 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 75 |
| Q3 2024 | 76 |
| Q4 2024 | 75 |
| Q1 2025 | 76 |
| Q2 2025 | 71 |
| Q3 2025 | 74 |
| Q4 2025 | 72 |
| Q1 2026 | 74 |
| Q2 2026 | 75 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 12.51% |
| Q3 2024 | 12.88% |
| Q4 2024 | 12.93% |
| Q1 2025 | 13.04% |
| Q2 2025 | 13.18% |
| Q3 2025 | 13.37% |
| Q4 2025 | 13.45% |
| Q1 2026 | 13.76% |
| Q2 2026 | 13.72% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.34% |
| Q3 2024 | 0.50% |
| Q4 2024 | 0.47% |
| Q1 2025 | 0.61% |
| Q2 2025 | 1.04% |
| Q3 2025 | 0.92% |
| Q4 2025 | 1.11% |
| Q1 2026 | 1.03% |
| Q2 2026 | 0.99% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.58% |
| Q3 2024 | 1.62% |
| Q4 2024 | 1.58% |
| Q1 2025 | 1.77% |
| Q2 2025 | 1.75% |
| Q3 2025 | 1.82% |
| Q4 2025 | 1.84% |
| Q1 2026 | 1.83% |
| Q2 2026 | 1.99% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 75 | $9.3B | 13.72% | 0.99% | 1.99% | 95.0% |
| Q1 2026 | 74 | $9.1B | 13.76% | 1.03% | 1.83% | 95.8% |
| Q4 2025 | 72 | $9.1B | 13.45% | 1.11% | 1.84% | 95.3% |
| Q3 2025 | 74 | $9.1B | 13.37% | 0.92% | 1.82% | 91.9% |
| Q2 2025 | 71 | $9.1B | 13.18% | 1.04% | 1.75% | 93.2% |
| Q1 2025 | 76 | $9.0B | 13.04% | 0.61% | 1.77% | 90.4% |
| Q4 2024 | 75 | $8.9B | 12.93% | 0.47% | 1.58% | 92.7% |
| Q3 2024 | 76 | $8.8B | 12.88% | 0.50% | 1.62% | 90.8% |
| Q2 2024 | 75 | $8.9B | 12.51% | 0.34% | 1.58% | 90.4% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Indiana
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| German American BankBank Jasper, IN | 75 out of 100, Strong | $8.4B | 11.2% | 0.45% | vs |
| Lake City BankBank Warsaw, IN | 73 out of 100, Strong | $7.2B | 11.9% | 0.36% | vs |
| Horizon BankBank Michigan City, IN | 72 out of 100, Strong | $6.5B | 10.5% | 0.70% | vs |
| United Fidelity Bank, fsbBank Evansville, IN | 64 out of 100, Moderate | $6.5B | 10.2% | 0.49% | vs |
| First Financial Bank, National AssociationBank Terre Haute, IN | 68 out of 100, Moderate | $6.2B | 10.4% | 0.61% | vs |
| First Internet Bank of IndianaBank Fishers, IN | 42 out of 100, Below average | $5.5B | 7.6% | 1.56% | vs |
Deposit insurance
Is my money safe at 1st Source Bank?
Yes. 1st Source Bank is an FDIC-insured institution (FDIC certificate #9087). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 53.8% of deposits ($4.0B) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 13.72%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.62% (benchmark: 10%).
81 locations
Branches
1st Source Bank lists 76 offices in 43 cities across 3 states. Most locations:
- South Bend, IN (9)
- Fort Wayne, IN (7)
- Elkhart, IN (5)
- Mishawaka, IN (4)
- Valparaiso, IN (4)
- Granger, IN (3)
- Lafayette, IN (2)
- La Porte, IN (2)
- Niles, MI (2)
- Notre Dame, IN (2)
- Portage, IN (2)
- St. Joseph, MI (2)
HMDA 2025
Mortgage lending
In 2025, 1st Source Bank reported 2,823 home-loan applications under HMDA (LEI LCUAWMT4M5H8DJ8DFH49): 1,930 originated ($358,330,000 total), 506 denied, and 199 withdrawn or closed by the applicant. Its denial rate on decided applications was 19.3%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- 1st Source Bank
- Former names
- First Bank and Trust Company of South Bend
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 9087
- RSSD ID
- 991340
- Primary regulator
- FED
- Holding company
- 1st Source Corp
- Established
- January 1, 1922
- Headquarters
- 100 N Michigan St Ste B, South Bend, IN 46601
- Website
- www.1stsource.com
- Employees
- 1,234
Quick answers
1st Source Bank: common questions
Is 1st Source Bank FDIC insured?
Yes. 1st Source Bank is an FDIC-insured institution (FDIC certificate #9087). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is 1st Source Bank's TellerScore?
75 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has 1st Source Bank ever failed?
There is no failure record for FDIC certificate #9087 in the FDIC failed bank list.
How many branches does 1st Source Bank have?
81 offices as of the latest FDIC data, in 3 states.
Nearby
Highest-scoring banks and credit unions with branches near South Bend
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Policemen'S Federal Credit UnionCredit union South Bend, IN | 92 out of 100, Very strong | $95.5M | 16.4% | 0.29% | vs |
| Tlcu Financial Credit UnionCredit union Mishawaka, IN | 89 out of 100, Very strong | $59.4M | 16.0% | 0.45% | vs |
| Chiphone Federal Credit UnionCredit union Elkhart, IN | 87 out of 100, Very strong | $111.8M | 16.4% | 0.38% | vs |
| South Bend Firefighters Federal Credit UnionCredit union South Bend, IN | 82 out of 100, Strong | $64.3M | 23.6% | 1.07% | vs |
| United Federal Credit UnionCredit union St Joseph, MI | 75 out of 100, Strong | $4.4B | 11.9% | 0.71% | vs |
| Country Heritage Credit UnionCredit union Buchanan, MI | 75 out of 100, Strong | $51.4M | 22.5% | 1.54% | vs |