| Business Summary | | 1st
Source
Corporation
is
a
bank
holding
company
that,
through
its
principal
subsidiary,
1st
Source
Bank,
delivers
a
comprehensive
range
of
consumer
and
commercial
banking
services
to
individual
and
business
customers
through
49
banking
locations
in
the
Northern
Indiana/Southwestern
Michigan
market
area.
The
Bank
also
offers
specialized
financing
services
for
used
private
aircraft,
automobiles
for
leasing
and
rental
agencies,
heavy
duty
trucks
and
construction
equipment.
At
December
31,
1999,
1st
Source
had
assets
of
$2.87
billion,
deposits
of
$2.13
billion
and
total
shareholders'
equity
of
$238.8
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SRCE
is
a
registered
bank
holding
company
for
1st
Source
bank
and
four
other
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$124.2
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$45.1
million.
Net
income
applicable
to
Common
rose
31%
to
$23.1
million.
Net
interest
income
after
LLP
reflects
growth
in
commercial
and
consumer
loans.
Net
income
also
reflects
gains
of
$11.1
million
on
the
sale
of
$1
billion
in
mortgage
servicing
rights. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Christopher Murphy, III, 54 Chairman,
Pres and CEO of the Company and Chairman and CEO of | $1.8M | -- | Wellington Jones, III, 56 Exec.
VP of the Company and Pres and CEO of the Bank | 436K | -- | Larry Lentych, 54 Sr.
VP, Treasurer and CFO of 1st Source Corp and 1st Source Bank | 218K | $20K | Vincent Tamburo, 66 Sr.
VP , Gen. Counsel and Sec. of 1st Source Corp and 1st Source Bank | -- | -- | Allen Qualey, 48 Pres
and COO, Specialty Fin. Group of 1st Source Bank | 312K | 22K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|