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1st Source Corporation (Parent Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of statements of financial condition | STATEMENTS OF FINANCIAL CONDITION
December 31 (Dollars in thousands) |  | 2020 |  | 2019
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 113,242 |  |  | $ | 107,285 |
Short-term investments with bank subsidiary |  | 500 |  |  | 500 |
Investments in: |  |  |  |
Bank subsidiaries |  | 858,993 |  |  | 806,192 |
Non-bank subsidiaries |  | 1 |  |  | 1 |
Right of use assets |  | 17,452 |  |  | 17,106 |
Other assets |  | 5,251 |  |  | 4,442 |
Total assets |  | $ | 995,439 |  |  | $ | 935,526 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |
Commercial paper |  | $ | 4,767 |  |  | $ | 3,993 |
Long-term debt and mandatorily redeemable securities |  | 26,681 |  |  | 25,819 |
Subordinated notes |  | 58,764 |  |  | 58,764 |
Operating lease liability |  | 17,369 |  |  | 17,329 |
Other liabilities |  | 1,013 |  |  | 1,344 |
Total liabilities |  | 108,594 |  |  | 107,249 |
Total shareholders’ equity |  | 886,845 |  |  | 828,277 |
Total liabilities and shareholders’ equity |  | $ | 995,439 |  |  | $ | 935,526 |
Schedule of statements of income | STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Year Ended December 31 (Dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Income: |  |  |  |  |  |
Dividends from bank subsidiary |  | $ | 46,207 |  |  | $ | 46,735 |  |  | $ | 45,080 |
Rental (reimbursements to) income from subsidiaries |  | (908) |  |  | 2,505 |  |  | 2,613 |
Other |  | 293 |  |  | 366 |  |  | 367 |
Investment securities and other investment (losses) gains |  | (44) |  |  | 109 |  |  | (180) |
Total income |  | 45,548 |  |  | 49,715 |  |  | 47,880 |
Expenses: |  |  |  |  |  |
Interest on subordinated notes |  | 3,367 |  |  | 3,677 |  |  | 3,625 |
Interest on long-term debt and mandatorily redeemable securities |  | 2,151 |  |  | 2,228 |  |  | 1,624 |
Interest on commercial paper and other short-term borrowings |  | 11 |  |  | 13 |  |  | 14 |
Occupancy |  | 1,816 |  |  | 1,861 |  |  | 1,774 |
Other |  | 667 |  |  | 586 |  |  | 642 |
Total expenses |  | 8,012 |  |  | 8,365 |  |  | 7,679 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  | 37,536 |  |  | 41,350 |  |  | 40,201 |
Income tax benefit |  | 1,747 |  |  | 987 |  |  | 1,009 |
Income before equity in undistributed income of subsidiaries |  | 39,283 |  |  | 42,337 |  |  | 41,210 |
Equity in undistributed income of subsidiaries: |  |  |  |  |  |
Bank subsidiaries |  | 42,178 |  |  | 49,678 |  |  | 41,204 |
Net income |  | $ | 81,461 |  |  | $ | 92,015 |  |  | $ | 82,414 |
Comprehensive income |  | $ | 94,660 |  |  | $ | 107,863 |  |  | $ | 75,788 |
Schedule of statements of cash flow | STATEMENTS OF CASH FLOWS
Year Ended December 31 (Dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Operating activities: |  |  |  |  |  |
Net income |  | $ | 81,461 |  |  | $ | 92,015 |  |  | $ | 82,414 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity (undistributed) distributed in excess of income of subsidiaries |  | (42,178) |  |  | (49,678) |  |  | (41,204) |
Depreciation of premises and equipment |  | 2 |  |  | 2 |  |  | 2 |
Amortization of right of use assets |  | 1,107 |  |  | 1,350 |  |  | — |
Stock-based compensation |  | 94 |  |  | 78 |  |  | 71 |
Realized/unrealized investment securities and other investment losses (gains) |  | 44 |  |  | (109) |  |  | 180 |
Other |  | (103) |  |  | 533 |  |  | 45 |
Net change in operating activities |  | 40,427 |  |  | 44,191 |  |  | 41,508 |
Investing activities: |  |  |  |  |  |
Net change in partnership investments |  | (182) |  |  | (260) |  |  | (980) |
Capital contribution to subsidiary |  | — |  |  | (325) |  |  | — |
Net change in investing activities |  | (182) |  |  | (585) |  |  | (980) |
Financing activities: |  |  |  |  |  |
Net change in commercial paper |  | 774 |  |  | (332) |  |  | (1,790) |
Proceeds from issuance of long-term debt and mandatorily redeemable securities |  | 1,640 |  |  | 1,611 |  |  | 1,867 |
Payments on long-term debt and mandatorily redeemable securities |  | (2,268) |  |  | (2,068) |  |  | (1,064) |
Stock issued under stock purchase plans |  | 39 |  |  | 49 |  |  | 145 |
Net proceeds from issuance of treasury stock |  | 1,706 |  |  | 1,878 |  |  | 1,763 |
Acquisition of treasury stock |  | (6,415) |  |  | (15,085) |  |  | (9,271) |
Cash dividends paid on common stock |  | (29,764) |  |  | (29,021) |  |  | (25,686) |
Net change in financing activities |  | (34,288) |  |  | (42,968) |  |  | (34,036) |
Net change in cash and cash equivalents |  | 5,957 |  |  | 638 |  |  | 6,492 |
Cash and cash equivalents, beginning of year |  | 107,285 |  |  | 106,647 |  |  | 100,155 |
Cash and cash equivalents, end of year |  | $ | 113,242 |  |  | $ | 107,285 |  |  | $ | 106,647 |

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