1ST SOURCE CORP
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
SRCE$87.85-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| December 31 (Dollars in thousands) | 2023 | 2022 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $77,474 | $84,703 |
| Federal funds sold and interest bearing deposits with other banks | 52,194 | 38,094 |
| Investment securities available-for-sale | 1,622,600 | 1,775,128 |
| Other investments | 25,075 | 25,293 |
| Mortgages held for sale | 1,442 | 3,914 |
| Loans and leases, net of unearned discount: | ||
| Commercial and agricultural | 766,223 | 812,031 |
| Renewable energy | 399,708 | 381,163 |
| Auto and light truck | 966,912 | 808,117 |
| Medium and heavy duty truck | 311,947 | 313,862 |
| Aircraft | 1,078,172 | 1,077,722 |
| Construction equipment | 1,084,752 | 938,503 |
| Commercial real estate | 1,129,861 | 943,745 |
| Residential real estate and home equity | 637,973 | 584,737 |
| Consumer | 142,957 | 151,282 |
| Total loans and leases | 6,518,505 | 6,011,162 |
| Allowance for loan and lease losses | (147,552) | (139,268) |
| Net loans and leases | 6,370,953 | 5,871,894 |
| Equipment owned under operating leases, net | 20,366 | 31,700 |
| Net premises and equipment | 46,159 | 44,773 |
| Goodwill and intangible assets | 83,916 | 83,907 |
| Accrued income and other assets | 427,779 | 380,010 |
| Total assets | $8,727,958 | $8,339,416 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing demand | $1,655,728 | $1,998,151 |
| Interest-bearing deposits: | ||
| Interest-bearing demand | 2,430,833 | 2,591,464 |
| Savings | 1,213,334 | 1,198,191 |
| Time | 1,738,686 | 1,140,459 |
| Total interest-bearing deposits | 5,382,853 | 4,930,114 |
| Total deposits | 7,038,581 | 6,928,265 |
| Short-term borrowings: | ||
| Federal funds purchased and securities sold under agreements to repurchase | 55,809 | 141,432 |
| Other short-term borrowings | 256,550 | 74,097 |
| Total short-term borrowings | 312,359 | 215,529 |
| Long-term debt and mandatorily redeemable securities | 47,911 | 46,555 |
| Subordinated notes | 58,764 | 58,764 |
| Accrued expenses and other liabilities | 202,080 | 166,537 |
| Total liabilities | 7,659,695 | 7,415,650 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock; no par valueAuthorized 10,000,000 shares; none issued or outstanding | — | — |
| Common stock; no par value Authorized 40,000,000 shares; issued 28,205,674 shares at December 31, 2023 and 2022 | 436,538 | 436,538 |
| Retained earnings | 789,842 | 694,862 |
| Cost of common stock in treasury (3,771,070 shares at December 31, 2023 and 3,543,388 shares at December 31, 2022) | (130,489) | (119,642) |
| Accumulated other comprehensive loss | (106,323) | (147,690) |
| Total shareholders’ equity | 989,568 | 864,068 |
| Noncontrolling interests | 78,695 | 59,698 |
| Total equity | 1,068,263 | 923,766 |
| Total liabilities and equity | $8,727,958 | $8,339,416 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.