FDIC certificate 9087
1st Source Bank
South Bend, Indiana · 100 N Michigan St Ste B 46601
Hunter Score
This bank ranks above the middle of its size group.
Up 3 points from last quarter.
Compared with 265 banks with $3 billion to $10 billion in assets.
A high score is not a recommendation to buy or sell.
What stands out
1st Source Bank has a Hunter Score of 71 out of 100 for Q2 2026, ending June 30, 2026. This bank ranks above the middle of its size group. The comparison is with banks with $3 billion to $10 billion in assets.
The FDIC reported return on assets of 1.99% (field ROA). Among banks with $3 billion to $10 billion in assets, the peer rank for this measure is 91 out of 100. A rank of 50 is typical.
The FDIC reported noncurrent loans of 0.99% (field NCLNLSR). Among banks with $3 billion to $10 billion in assets, the peer rank for this measure is 26 out of 100. A rank of 50 is typical.
Warning flags
These are factual readings from FDIC fields. A flag is a reason to read the number, not a finding that the bank is unsafe.
- Uninsured deposits are at least half of depositsFDIC's estimated uninsured deposits were $4,001,506,000, which is 53.8% of total deposits ($7,432,748,000). We flag this at half. That is a reading aid on this site, not an FDIC limit. The uninsured figure is an estimate for domestic offices, so it will not always match total deposits exactly.
Held-to-maturity unrealized losses are not flagged. The FDIC file does not publish a held-to-maturity cost that we can subtract from fair value without guessing.
Similar banks
Other banks in Indiana with $3 billion to $10 billion in assets, ordered by Hunter Score.
- German American Bank71out of 100
- Horizon Bank69out of 100
- Lake City Bank69out of 100
- First Farmers Bank & Trust Co.68out of 100
- The National Bank of Indianapolis61out of 100
Top Hunter Scores in Indiana · Top scores with $3 billion to $10 billion in assets
The five measures
Numbers below are for Q2 2026, ending June 30, 2026. They are copied from the FDIC. We do not recalculate them.
Return on equity (ROE)
14.72%
Profit for each dollar of the bank's capital. Higher is stronger.
Peer rank 73 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as ROE. A common benchmark is above 10%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Return on assets (ROA)
1.99%
Profit for each dollar of assets. Higher is stronger.
Peer rank 91 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as ROA. A common benchmark is above 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Net interest margin (NIM)
4.38%
The gap between what the bank earns on loans and securities and what it pays for funding. Higher means a wider gap.
Peer rank 85 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as NIMY. A common benchmark is above 3%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Efficiency ratio
46.45%
What the bank spends to produce a dollar of revenue. Lower is leaner.
Peer rank 80 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as EEFFR. A common benchmark is below 60%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Noncurrent loans
0.99%
Loans that are past due or no longer accruing interest, as a share of all loans. Lower is safer.
Peer rank 26 out of 100. Weaker than most similar-sized banks.
More about this number
The FDIC reports this as NCLNLSR. A common benchmark is below 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Recent quarters
- Q2 2026, ending June 30, 202671 out of 100
- Q1 2026, ending March 31, 202668 out of 100
- Q4 2025, ending December 31, 202570 out of 100
- Q3 2025, ending September 30, 202569 out of 100
- Q2 2025, ending June 30, 202568 out of 100
Download these quarters with Pro
Older quarters
Pro will include every quarter we have loaded. This release shows the latest five quarters for every bank, free.
About this bank
- Total assets
- $9.3 billion
- Deposits
- $7.4 billion
- Equity
- $1.3 billion
- Tangible equity
- $1.2 billionBank-level FDIC equity minus goodwill and other intangible assets (FDIC fields EQ and INTANGW). This is not the holding company's tangible book, and it is not per share.
- Offices
- 81
- Charter
- State bank and Federal Reserve member
- Specialty
- Commercial Lending Specialization
- Community bank
- No
- Net income
- $90.9 millionYear-to-date, as reported. Not annualized.
Holding company and stock symbol
Holding company: 1st Source Corp, South Bend, IN. Federal Reserve RSSD 1199602.
Stock symbol SRCE on Nasdaq. We matched the holding company's name to one SEC filing. Checked 2026-10-24. We do not show stock prices. Check the price on Yahoo Finance, then type it into the calculator below.
Check SRCE price on Yahoo Finance ↗ (opens in a new tab)
That site is not ours. Whatever price you see there is not checked by BankValueHunter.
Price-to-tangible-book calculator
This calculator estimates a fair multiple of tangible book value from the bank's return on equity. It is separate from the Hunter Score. It is not a price target.
Where it is
100 N Michigan St Ste B, South Bend, IN 46601
Showing the main office reported to the FDIC. Use the plus and minus buttons on the map to zoom. Map data is from OpenStreetMap.