SBA lender profile
1st Source Bank
1st Source Bank appears in the public SBA loan data with 596 funded 7(a) loans totaling $122.2M, an average of $205K per loan, and an estimated 4,655 jobs supported. Its SBA lending concentrates in Indiana and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
596
Total volume
$122.2M
Average loan size
$205K
Charge-off rate
0.7%
Share of funded loans charged off
Jobs supported (reported)
4,655
Programs
7(a)
Bank profile
via FDIC- Total assets
- $9.1B
- Headquarters
- South Bend, IN
- FDIC cert
- #9087
- Status
- Active
Where 1st Source Bank lends
Top states by funded SBA volume.
What 1st Source Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 86 | $32.6M |
| Accommodation and Food Services | 62 | $13.3M |
| Construction | 66 | $12.7M |
| Other Services | 58 | $10.6M |
| Health Care and Social Assistance | 36 | $9.9M |
| Transportation and Warehousing | 112 | $8.7M |
1st Source Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 85 | $16.6M |
| 2021 | 107 | $24.4M |
| 2022 | 121 | $17.2M |
| 2023 | 111 | $18.3M |
| 2024 | 75 | $12.5M |
| 2025 | 74 | $26.0M |
| 2026 | 23 | $7.2M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of 1st Source Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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