XML 62 R50.htm IDEA: XBRL DOCUMENT
v3.22.0.1

1st Source Corporation (Parent Company Only) Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of statements of financial condition | STATEMENTS OF FINANCIAL CONDITION
December 31 (Dollars in thousands) |  | 2021 |  | 2020
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 94,543 |  |  | $ | 113,242 |
Short-term investments with bank subsidiary |  | 500 |  |  | 500 |
Investments in: |  |  |  |
Bank subsidiaries |  | 907,238 |  |  | 858,993 |
Non-bank subsidiaries |  | 1 |  |  | 1 |
Right of use assets |  | 16,106 |  |  | 17,452 |
Other assets |  | 6,877 |  |  | 5,251 |
Total assets |  | $ | 1,025,265 |  |  | $ | 995,439 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |
Commercial paper |  | $ | 3,967 |  |  | $ | 4,767 |
Long-term debt and mandatorily redeemable securities |  | 27,102 |  |  | 26,681 |
Subordinated notes |  | 58,764 |  |  | 58,764 |
Operating lease liability |  | 15,463 |  |  | 17,369 |
Other liabilities |  | 3,714 |  |  | 1,013 |
Total liabilities |  | 109,010 |  |  | 108,594 |
Total shareholders’ equity |  | 916,255 |  |  | 886,845 |
Total liabilities and shareholders’ equity |  | $ | 1,025,265 |  |  | $ | 995,439 |
Schedule of statements of income | STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Year Ended December 31 (Dollars in thousands) |  | 2021 |  | 2020 |  | 2019
Income: |  |  |  |  |  |
Dividends from bank subsidiary |  | $ | 46,207 |  |  | $ | 46,207 |  |  | $ | 46,735 |
Rental income from (reimbursements to) subsidiaries |  | 1,873 |  |  | (908) |  |  | 2,505 |
Other |  | 146 |  |  | 293 |  |  | 366 |
Investment securities and other investment gains (losses) |  | 342 |  |  | (44) |  |  | 109 |
Total income |  | 48,568 |  |  | 45,548 |  |  | 49,715 |
Expenses: |  |  |  |  |  |
Interest on subordinated notes |  | 3,267 |  |  | 3,367 |  |  | 3,677 |
Interest on long-term debt and mandatorily redeemable securities |  | 1,799 |  |  | 2,151 |  |  | 2,228 |
Interest on commercial paper and other short-term borrowings |  | 3 |  |  | 11 |  |  | 13 |
Occupancy |  | 1,722 |  |  | 1,816 |  |  | 1,861 |
Other |  | 711 |  |  | 667 |  |  | 586 |
Total expenses |  | 7,502 |  |  | 8,012 |  |  | 8,365 |
Income before income tax benefit and equity in undistributed income of subsidiaries |  | 41,066 |  |  | 37,536 |  |  | 41,350 |
Income tax benefit |  | 998 |  |  | 1,747 |  |  | 987 |
Income before equity in undistributed income of subsidiaries |  | 42,064 |  |  | 39,283 |  |  | 42,337 |
Equity in undistributed income of subsidiaries: |  |  |  |  |  |
Bank subsidiaries |  | 76,493 |  |  | 42,178 |  |  | 49,678 |
Net income |  | $ | 118,557 |  |  | $ | 81,461 |  |  | $ | 92,015 |
Comprehensive income |  | $ | 90,325 |  |  | $ | 94,660 |  |  | $ | 107,863 |
Schedule of statements of cash flow | STATEMENTS OF CASH FLOWS
Year Ended December 31 (Dollars in thousands) |  | 2021 |  | 2020 |  | 2019
Operating activities: |  |  |  |  |  |
Net income |  | $ | 118,557 |  |  | $ | 81,461 |  |  | $ | 92,015 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity (undistributed) distributed in excess of income of subsidiaries |  | (76,493) |  |  | (42,178) |  |  | (49,678) |
Depreciation of premises and equipment |  | 1 |  |  | 2 |  |  | 2 |
Amortization of right of use assets |  | 1,346 |  |  | 1,107 |  |  | 1,350 |
Stock-based compensation |  | 102 |  |  | 94 |  |  | 78 |
Realized/unrealized investment securities and other investment (gains) losses |  | (342) |  |  | 44 |  |  | (109) |
Other |  | 1,556 |  |  | (103) |  |  | 533 |
Net change in operating activities |  | 44,727 |  |  | 40,427 |  |  | 44,191 |
Investing activities: |  |  |  |  |  |
Net change in partnership investments |  | (74) |  |  | (182) |  |  | (260) |
Capital contribution to subsidiary |  | — |  |  | — |  |  | (325) |
Net change in investing activities |  | (74) |  |  | (182) |  |  | (585) |
Financing activities: |  |  |  |  |  |
Net change in commercial paper |  | (800) |  |  | 774 |  |  | (332) |
Proceeds from issuance of long-term debt and mandatorily redeemable securities |  | 1,738 |  |  | 1,640 |  |  | 1,611 |
Payments on long-term debt and mandatorily redeemable securities |  | (2,427) |  |  | (2,268) |  |  | (2,068) |
Stock issued under stock purchase plans |  | 90 |  |  | 39 |  |  | 49 |
Net proceeds from issuance of treasury stock |  | 2,523 |  |  | 1,706 |  |  | 1,878 |
Acquisition of treasury stock |  | (33,136) |  |  | (6,415) |  |  | (15,085) |
Cash dividends paid on common stock |  | (31,340) |  |  | (29,764) |  |  | (29,021) |
Net change in financing activities |  | (63,352) |  |  | (34,288) |  |  | (42,968) |
Net change in cash and cash equivalents |  | (18,699) |  |  | 5,957 |  |  | 638 |
Cash and cash equivalents, beginning of year |  | 113,242 |  |  | 107,285 |  |  | 106,647 |
Cash and cash equivalents, end of year |  | $ | 94,543 |  |  | $ | 113,242 |  |  | $ | 107,285 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration