1st Source Corporation (Parent Company Only) Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of statements of financial condition

STATEMENTS OF FINANCIAL CONDITION

December 31(Dollars in thousands)	2016		2015
ASSETS
Cash and cash equivalents	$	73,324	$	60,429
Short-term investments with bank subsidiary	500		500
Investment securities available-for-sale (amortized cost of $884 at December 31, 2016 and $1,218 at December 31, 2015)	7,369		6,855
Investments in:
Bank subsidiaries	676,915		660,087
Non-bank subsidiaries	1,812		1,496
Other assets	4,013		4,668
Total assets	$	763,933	$	734,035
LIABILITIES AND SHAREHOLDERS’ EQUITY
Commercial paper	$	5,761	$	8,042
Long-term debt and mandatorily redeemable securities	21,228		19,335
Subordinated notes	58,764		58,764
Other liabilities	5,530		3,841
Total liabilities	91,283		89,982
Total shareholders’ equity	672,650		644,053
Total liabilities and shareholders’ equity	$	763,933	$	734,035

Schedule of statements of income

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Year Ended December 31 (Dollars in thousands)	2016		2015		2014
Income:
Dividends from bank subsidiary	$	36,064	$	36,064	$	33,810
Rental income from subsidiaries	2,363		2,342		2,314
Other	444		426		408
Investment securities and other investment gains (losses)	3,901		26		(370		)
Total income	42,772		38,858		36,162
Expenses:
Interest on subordinated notes	4,220		4,220		4,220
Interest on long-term debt and mandatorily redeemable securities	1,454		1,375		1,475
Interest on commercial paper and other short-term borrowings	20		30		36
Rent	1,739		1,737		1,713
Other	1,179		351		2,553
Total expenses	8,612		7,713		9,997
Income before income tax benefit and equity in undistributed income of subsidiaries	34,160		31,145		26,165
Income tax benefit	741		1,721		2,722
Income before equity in undistributed income of subsidiaries	34,901		32,866		28,887
Equity in undistributed income of subsidiaries:
Bank subsidiaries	22,569		24,289		28,891
Non-bank subsidiaries	316		331		291
Net income	$	57,786	$	57,486	$	58,069
Comprehensive income	$	52,575	$	54,634	$	60,895

Schedule of statements of cash flow

STATEMENTS OF CASH FLOWS

Year Ended December 31 (Dollars in thousands)	2016			2015			2014
Operating activities:
Net income	$	57,786		$	57,486		$	58,069
Adjustments to reconcile net income to net cash provided by operating activities:
Equity (undistributed) distributed in excess of income of subsidiaries	(22,885		)	(24,620		)	(29,182		)
Depreciation of premises and equipment	4			9			21
Stock-based compensation	52			64			35
Realized/unrealized investment securities and other investment (gains) losses	(3,901		)	(26		)	370
Change in trading account securities	—			205			(13		)
Other	3,132			2,585			(2,329		)
Net change in operating activities	34,188			35,703			26,971
Investing activities:
Proceeds from sales and maturities of investment securities	1,795			1,470			—
Proceeds from liquidation of partnership investment	2,903			423			570
Return of capital from subsidiaries	—			—			1,500
Net change in investing activities	4,698			1,893			2,070
Financing activities:
Net change in commercial paper	(2,281		)	(4,126		)	(183		)
Proceeds from issuance of long-term debt and mandatorily redeemable securities	1,607			1,520			1,356
Payments on long-term debt and mandatorily redeemable securities	(627		)	(712		)	(569		)
Stock issued under stock purchase plans	120			149			197
Net proceeds from issuance of treasury stock	2,636			2,373			1,520
Acquisition of treasury stock	(8,030		)	(9,970		)	(16,342		)
Cash dividends paid on common stock	(19,416		)	(18,126		)	(17,643		)
Net change in financing activities	(25,991		)	(28,892		)	(31,664		)
Net change in cash and cash equivalents	12,895			8,704			(2,623		)
Cash and cash equivalents, beginning of year	60,429			51,725			54,348
Cash and cash equivalents, end of year	$	73,324		$	60,429		$	51,725