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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Indiana, the state note

1st Source Bank

South Bend, Indiana · $9.26B in assets · beside the 9 other Indiana banks between $3B and $10B

The filing

97.2%
Loans / deposits
10th of 10
10.7%
CRE / loans
1st of 10
1.95%
ROA
1st of 10

1st Source Bank is the largest of the 10 Indiana banks between $3B and $10B, with $9.26B in assets at 30 June 2026. Loans are 97.2% of deposits, the highest in the cohort against a median of 84.7%, and equity is 13.6% of assets, 2nd of 10. Loans grew +1.7% in the year, 7th of 10, and deposits fell 0.1%; the cohort's median loan growth is +3.2%.

Noncurrent loans are 0.99% of the book, 8th of 10 against a median of 0.55%; 0.07% is 30 to 89 days past due, and the allowance covers them 2.3 times. Net charge-offs are 0.12% of loans, 8th of 10. Commercial real estate is 10.7% of loans, the lowest in the cohort against a median of 34.7%, and 56% of capital, below the 300% screen, with construction at 30% against the 100% screen. CRE has grown +58.1% over 36 months, past the guidance's 50% prong.

Return on assets is 1.95%, the highest in the cohort against a median of 1.50%, on an efficiency ratio of 46.5%, 2nd of 10. Five years ago it was 1.58%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansIN banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 34.7% sS 1st Source Bank 10.7% SF Star Financial Bank 27.6% NB National Bank of Inpolis 28.4% FF First Farmers Bank & Trust Co. 33.8% HB Horizon Bank 34.1% LC Lake City Bank 35.2% FI First Internet Bank of Indiana 35.9% GA German American Bank 37.0% FF First Financial Bank N.A. 40.7% UF United Fidelity Bank FSB 91.2%
Loans, year over yearIN banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +3.2% NB National Bank of Inpolis +16.1% FF First Financial Bank N.A. +14.7% LC Lake City Bank +6.8% FF First Farmers Bank & Trust Co. +5.6% SF Star Financial Bank +3.2% GA German American Bank +3.2% sS 1st Source Bank +1.7% HB Horizon Bank -0.5% UF United Fidelity Bank FSB -3.3% FI First Internet Bank of Indiana -14.1%

SBA 7(a), FY2008 to FY2026

1st Source Bank is the 6th largest 7(a) lender into Indiana of 351, with $271M across 1,827 loans, 3.4% of everything approved in the state (The Huntington National Bank leads with $911M). 44 of its 77 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Indiana, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
St Joseph, IN$68M1st of 6620.7%+9.8 pts
Elkhart, IN$46M1st of 5815.8%-17.5 pts
Allen, IN$39M2nd of 1018.2%-0.4 pts
Porter, IN$25M1st of 6113.2%-2.4 pts
Marshall, IN$18M1st of 3823.8%+2.2 pts
La Porte, IN$17M2nd of 5012.2%+1.2 pts
Berrien, MI$15M4th of 567.7%-0.2 pts
Tippecanoe, IN$8M7th of 584.7%+11.8 pts
Kalamazoo, MI$8M10th of 852.8%-6.2 pts
Lake, IN$8M17th of 971.9%+0.7 pts
Kosciusko, IN$7M1st of 3412.6%+11.6 pts
Noble, IN$5M3rd of 2514.2%+13.1 pts
Johnson, IN$4M14th of 801.7%thin
64 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing262$69M22.2%0.17%102nd of 2,246
Accommodation & food services233$40M12.9%0.05%252nd of 2,596
Construction200$27M8.8%0.09%185th of 2,063
Retail trade183$25M8.2%0.04%280th of 2,589
Other services158$24M7.6%0.07%209th of 2,248
7(a) lenders into Indiana, share of approvals since FY2008351 lenders on record; the ten largest and 1st Source Bank
TH The Huntington National Bank 11.3% $911M · 4,690 loans KN KeyBank National Association 4.3% $349M · 745 loans BB Byline Bank 4.2% $338M · 296 loans LO Live Oak Banking Company 4.1% $334M · 259 loans ON Old National Bank 3.4% $275M · 416 loans sS 1st Source Bank 3.3% $271M · 1,827 loans FM First Merchants Bank 2.9% $236M · 743 loans G Gbank 2.5% $202M · 68 loans WF Wells Fargo Bank National Associa… 2.3% $188M · 395 loans FF First Financial Bank 2.2% $181M · 610 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
1st Source BankRankCohort median
Total CRE against capital, the 300% screen56%1st of 10223%
Construction against capital, the 100% screen30%2nd of 1049%
Construction and land development, share of loans5.7%3rd of 108.3%
Non-owner-occupied nonfarm nonresidential, share of loans4.2%2nd of 1016.7%
Total CRE, the guidance definition, share of loans10.7%1st of 1034.7%
CRE growth over 36 months, the third prong+58.1%8th of 10+37.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
1st Source Bank$9.26B2.0%46.5%0.99%0.12%2.3%97.2%13.6%
German American Bank$8.43B1.7%50.9%0.45%0.06%1.3%84.1%13.7%
Lake City Bank$7.24B1.6%45.8%0.36%0.08%1.3%88.0%10.4%
Horizon Bank$6.55B1.8%53.5%0.70%0.05%1.0%90.6%12.3%
United Fidelity Bank FSB$6.49B-0.1%128.2%0.49%0.01%2.4%61.1%10.0%
First Financial Bank N.A.$6.17B1.4%58.7%0.61%0.19%1.1%92.1%10.7%
First Internet Bank of Indiana$5.53B0.3%56.1%1.56%1.70%1.4%79.7%7.9%
First Farmers Bank & Trust Co.$3.50B1.6%46.9%1.00%-0.01%1.6%85.2%9.8%
Star Financial Bank$3.23B1.0%67.7%0.46%0.02%1.1%64.9%9.2%
National Bank of Inpolis$3.04B1.4%56.9%0.15%0.03%1.2%80.4%7.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
1st Source BankCohort median
20212026Change20212026Change
Loans$5.49B$7.22B+32%$2.72B$4.16B+53%
Deposits$6.35B$7.43B+17%$3.57B$5.16B+45%
NPA / loans1.04%0.99%-0.05 pts0.58%0.55%-0.03 pts
Efficiency53.2%46.5%-6.7 pts55.8%54.8%-1.0 pts
ROA1.58%1.95%+0.37 pts1.31%1.50%+0.18 pts

This read was prepared for 1st Source Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on 1st Source Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort IN banks $3B to $10B
Institution www.1stsource.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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