PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st Source Bank

South Bend, IN · Cert 9087 · 1st Source Corp.

State charter, Fed member · FED · 80 branches

Q2 2026

$9.3BAssets
$7.2BLoans
$7.4BDeposits
$1.3BEquity
Loan mix
30%RE $2.1B68%C&I $4.7B2%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $5.8B22%Noninterest $1.6BQ3 2024Q2 2026

Market Position · South Bend-Mishawaka, IN-MI · 2026 SOD (annual) · 51.4% share · #1 of 17 inst. · $3.2B of $6.2B

54.5% St. Joseph
21.5% Elkhart
18.3% Porter
4.9% Allen

Executive Summary

  • Earnings: ROA of 1.99%, up 24 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.99% of loans (-5 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 13.72%, up 54 bps from a year ago.
  • Funding: loans stand at 97.20% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.99%+24 bps YoY

Net Interest Margin (YTD, annualized)

4.05%+25 bps YoY

Efficiency Ratio (YTD, annualized)

46.45%-169 bps YoY

Tier 1 Leverage Ratio

13.72%+54 bps YoY

NIM

5.32%Q2 ’245.53%Q2 ’255.53%Q2 ’26+13%+7%

Non-interest income vs. expense

2.22%Q2 ’242.32%Q2 ’252.35%Q2 ’26+7%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.62%1.58%1.77%1.75%1.82%1.84%1.83%1.99%+24 bps
Return on Equity14.10%13.64%14.53%14.22%14.54%14.49%13.55%14.72%+50 bps
Net Interest Margin3.45%3.47%3.74%3.80%3.86%3.94%4.08%4.05%+25 bps
Efficiency Ratio50.72%51.17%49.41%48.14%47.98%47.79%47.23%46.45%-169 bps
Non-Interest Burden1.22%1.26%1.29%1.26%1.29%1.33%1.38%1.31%+5 bps
Growth
Asset Growth (YoY)2.82%2.33%3.41%2.34%3.33%1.38%1.68%1.92%-42 bps
Loan Growth (YoY)4.14%5.18%4.57%6.71%5.31%2.83%3.22%1.73%-498 bps
Deposit Growth (YoY)2.28%2.72%5.14%3.43%3.98%-0.06%-2.56%-0.14%-357 bps
Asset Quality
Nonperforming Loans / Loans0.50%0.47%0.61%1.04%0.92%1.11%1.03%0.99%-5 bps
Net Charge-Offs / Loans0.10%0.08%0.01%0.06%0.08%0.06%0.22%0.12%+7 bps
Allowance / Loans2.30%2.27%2.29%2.30%2.32%2.30%2.33%2.30%0 bps
Allowance Coverage of NPLs4.6x4.8x3.8x2.2x2.5x2.1x2.3x2.3x+0.1x
Capital
Tier 1 Leverage Ratio12.88%12.93%13.04%13.18%13.37%13.45%13.76%13.72%+54 bps
Total Risk-Based Capital15.89%15.83%16.10%15.95%16.49%16.62%16.54%16.62%+67 bps
Equity / Assets12.18%11.97%12.41%12.62%13.09%13.46%13.53%13.56%+94 bps
Liquidity & Funding
Loans / Deposits92.89%94.84%92.55%95.42%94.08%97.58%98.04%97.20%+178 bps
Liquid Assets / Assets0.82%0.57%1.54%0.67%1.55%0.57%0.57%0.66%-2 bps
CRE / Total Capitaln/an/an/an/a95.76%96.64%98.56%n/an/a