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

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of statements of financial condition

STATEMENTS OF FINANCIAL CONDITION

December 31(Dollars in thousands)	2017		2016
ASSETS
Cash and cash equivalents	$	100,155	$	73,324
Short-term investments with bank subsidiary	500		500
Investment securities available-for-sale (amortized cost of $0 at December 31, 2017 and $884 at December 31, 2016)	—		7,369
Investments in:
Bank subsidiaries	706,119		676,915
Non-bank subsidiaries	1		1,812
Other assets	2,696		4,013
Total assets	$	809,471	$	763,933
LIABILITIES AND SHAREHOLDERS’ EQUITY
Commercial paper	$	6,115	$	5,761
Long-term debt and mandatorily redeemable securities	22,942		21,228
Subordinated notes	58,764		58,764
Other liabilities	3,113		5,530
Total liabilities	90,934		91,283
Total shareholders’ equity	718,537		672,650
Total liabilities and shareholders’ equity	$	809,471	$	763,933

Schedule of statements of income

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Year Ended December 31 (Dollars in thousands)	2017		2016		2015
Income:
Dividends from bank subsidiary	$	38,317	$	36,064	$	36,064
Dividends from non-bank subsidiary	958		—		—
Rental income from subsidiaries	2,354		2,363		2,342
Other	422		444		426
Investment securities and other investment gains	6,431		3,901		26
Total income	48,482		42,772		38,858
Expenses:
Interest on subordinated notes	4,002		4,220		4,220
Interest on long-term debt and mandatorily redeemable securities	1,685		1,454		1,375
Interest on commercial paper and other short-term borrowings	17		20		30
Rent	2,070		1,739		1,737
Other	1,733		1,179		351
Total expenses	9,507		8,612		7,713
Income before income tax benefit and equity in undistributed income of subsidiaries	38,975		34,160		31,145
Income tax benefit	204		741		1,721
Income before equity in undistributed income of subsidiaries	39,179		34,901		32,866
Equity in undistributed income of subsidiaries:
Bank subsidiaries	28,872		22,569		24,289
Non-bank subsidiaries	—		316		331
Net income	$	68,051	$	57,786	$	57,486
Comprehensive income	$	63,375	$	52,575	$	54,634

Schedule of statements of cash flow

STATEMENTS OF CASH FLOWS

Year Ended December 31 (Dollars in thousands)	2017			2016			2015
Operating activities:
Net income	$	68,051		$	57,786		$	57,486
Adjustments to reconcile net income to net cash provided by operating activities:
Equity (undistributed) distributed in excess of income of subsidiaries	(28,872		)	(22,885		)	(24,620		)
Depreciation of premises and equipment	2			4			9
Stock-based compensation	48			52			64
Realized/unrealized investment securities and other investment gains	(6,431		)	(3,901		)	(26		)
Change in trading account securities	—			—			205
Other	4,122			3,132			2,585
Net change in operating activities	36,920			34,188			35,703
Investing activities:
Proceeds from sales and maturities of investment securities	6,327			1,795			1,470
Net change in partnership investments	(62		)	2,903			423
Return of capital from subsidiaries	854			—			—
Net change in investing activities	7,119			4,698			1,893
Financing activities:
Net change in commercial paper	354			(2,281		)	(4,126		)
Proceeds from issuance of long-term debt and mandatorily redeemable securities	1,248			1,607			1,520
Payments on long-term debt and mandatorily redeemable securities	(667		)	(627		)	(712		)
Stock issued under stock purchase plans	153			120			149
Net proceeds from issuance of treasury stock	2,176			2,636			2,373
Acquisition of treasury stock	(41		)	(8,030		)	(9,970		)
Cash dividends paid on common stock	(20,431		)	(19,416		)	(18,126		)
Net change in financing activities	(17,208		)	(25,991		)	(28,892		)
Net change in cash and cash equivalents	26,831			12,895			8,704
Cash and cash equivalents, beginning of year	73,324			60,429			51,725
Cash and cash equivalents, end of year	$	100,155		$	73,324		$	60,429