1st Source Corporation

Overview

1st Source Corporation is a bank holding company. Its principal subsidiary, 1st Source Bank, provides a broad range of financial products and services to individuals and businesses.

Core business lines

• Business Services: commercial, small business, agricultural, and real estate loans; commercial leasing; treasury management; payment services (including digital and real-time/instant payments); FedWires; ACH; merchant services; retirement planning.
• Renewable Energy Financing: construction and permanent loans and tax equity investments for community solar, commercial/industrial, small utility-scale, university, and municipal projects.
• Consumer Services: checking, savings, certificates of deposit, Health Savings Accounts, IRAs; consumer loans; credit cards; mortgages; home equity lines of credit; online and mobile banking; ATM network.
• Trust and Wealth Advisory Services: trust, investment, agency, and custodial services for individuals, estates, not-for-profits, and employee benefit plans.
• Specialty Finance Group: equipment financing for construction equipment, aircraft, auto/light trucks, and medium/heavy-duty trucks; financed through the bank and affiliated entities with longstanding industry relationships.
• Insurance: 1st Source Insurance, Inc. places property & casualty, health, and life insurance through its offices and banking centers.

Geographic footprint

• 78 banking center locations in Indiana and Michigan, plus Sarasota County in Florida.
• Specialty Finance Group operates nationwide with 15 locations.

Corporate scope and financials

• Total assets (as of December 31, 2025): $9.06 billion
• Total loans and leases: $7.05 billion
• Total deposits: $7.23 billion
• Total shareholders’ equity: $1.27 billion
• Principal executive office: 100 North Michigan Street, South Bend, Indiana 46601; phone: (574) 235-2000
• Public filings and reports: available via the company website (https://www.1stsource.com) and the SEC (https://www.sec.gov)

Employees

• Approximately 1,190 colleagues on a full-time equivalent basis (as of December 31, 2025).

Subsidiaries and affiliates

• 1st Source Bank: main banking subsidiary.
• 1st Source Insurance, Inc.: insurance agency with 13 offices.
• 1st Portfolio Management, Inc.: manages certain available-for-sale investment securities.
• 1st Source Master Trust: an unconsolidated subsidiary created to issue trust preferred securities and guarantee limited payments on those securities.
• Other subsidiaries exist and support the consolidated operations.

Competition and positioning

• Competes with banks, credit unions, securities firms, insurance companies, finance and mortgage companies, REITs, and some governmental agencies.
• Differentiators include client service, responsiveness, product breadth, competitive rates, convenience, and a local, community-based presence. The company emphasizes personalized, one-on-one banking and community relationships.
• The company is not dependent on any single industry or client.

Regulation and supervision

• Structure and oversight: registered bank holding company under the Bank Holding Company Act; regulated by the Federal Reserve; the bank is regulated by the Indiana Department of Financial Institutions and FRB Chicago; deposits are insured by the FDIC; certain activities are subject to CFPB oversight.
• 2025 regulatory context: federal policy shifts have affected bank supervision, merger review standards, audit and reporting thresholds, digital asset oversight, and de novo charter standards, with an updated focus on material financial risk and supervision frameworks.
• Capital status (as of 12/31/2025): the bank is classified as "well capitalized" by regulatory metrics (total risk-based capital ratio > 10%, Tier 1 risk-based capital ratio > 8%, CET1 ratio > 6.5%, leverage ratio > 5%).
• Community banking leverage ratio: the bank elected not to use the optional CCVR framework.
• FDIC reporting thresholds: the FDIC adjusted audit and reporting thresholds in November 2025, increasing asset thresholds and reducing coverage for smaller institutions.

Notes

• Data presented is as of December 31, 2025.