1st Source Bank Salary

1st Source Bank Salary

How much does the 1st Source Bank Pay for employees?

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As of May 2026, the average annual salary for employees at 1st Source Bank in the United States is $106,334. This translates to an approximate hourly wage of $51. Salaries at 1st Source Bank typically range from $93,101 to $120,793 annually, reflecting the diverse roles and experience levels within the company. 1st Source Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does 1st Source Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at 1st Source Bank. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at 1st Source Bank

Ready for your next career move? Explore current job openings at 1st Source Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is 1st Source Bank’s Pay Competitive? Salary Benchmarking Analysis

How does 1st Source Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
1st Source Bank
Financial Services
Wells Capital Management Inc
Cbc Holding Inc
Industry Comparison
Our data shows that, on average, compensation at 1st Source Bank is below the average for the U.S. Financial Services industry by approximately 12%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared 1st Source Bank average annual salary with several similar companies. 1st Source Bank average salary of $106,334 is lower than Wells Capital Management Inc, which has an average salary of $130,099. It is lower than Cbc Holding Inc, with their average salary at $117,051. This places 1st Source Bank in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How 1st Source Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at 1st Source Bank. Click a company name to learn more.

Employee Reviews: Working at 1st Source Bank

Considering a career at 1st Source Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Management is formal and reserved. High employee morale and strong engagement. Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. Supportive work culture and tools. I’ve had a great experience learning new systems and taking on responsibility.
Commented in March 17, 2025
35
1
Management is polite but often distant from frontline employees. The organization is a good fit for individuals seeking predictability rather than fast growth or change. The work-life balance is respected, and the company encourages innovation.
Commented in January 22, 2025
33
2
The company encourages transparency, and collaboration is strong. The pride employees take in their work is evident, making this a fulfilling place to build a career in finance. On-site flu shots save time.
Commented in July 19, 2024
19
3
Newsletters highlight meaningful updates. The transition to hybrid work was seamless thanks to thoughtful planning and the right tools. The company invests in technology and people equally. Vacation requests are rarely denied. The company's stability provides job security rarely seen in finance. Leadership is approachable and encourages employees to share ideas and improve processes. Communication...
Commented in May 10, 2024
8
0
It's a fair place to work if you're looking for stability and don’t mind following long-established systems and workflows. With employees, there’s a wealth of knowledge to learn from, and the company actively promotes internal mobility. A truly empowering work environment.
Commented in January 14, 2024
17
1

1st Source Bank Overview

Website
www.1stsource.com
Founded In
1863
Employees
1,000 - 3,000 employees
Industry
Financial Services
Headquarter Address
100 N Michigan St South Bend Indiana IN 46601
Revenue
$200 Million - $500 Million
Phone Number
+1 5742352000
Social Media
About 1st Source Bank
1st Source Bank, headquartered in South Bend, Indiana, is a financial institution that offers clients personal, business, and investment banking services.

What Benefits Does 1st Source Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. 1st Source Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near South Bend?

Understanding the cost of living near South Bend is key to truly evaluating a salary offer or your current compensation at 1st Source Bank.
South Bend's Cost of Living Index is approximately 78.1 (21.9% less expensive than US average; 13.8% less than IN average). Home to Univ. of Notre Dame, affordable housing. Transpo bus. When planning your budget based on a salary from 1st Source Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of 1st Source Bank salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (Transpo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,005 - $3,215+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of 1st Source Bank

1. What is the typical salary range (low to high) for most roles at 1st Source Bank?

The typical annual salary range for most roles at 1st Source Bank is approximately from $93,101 to $120,793. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does 1st Source Bank pay compared to Wells Capital Management Inc?

The average annual salary at 1st Source Bank is $106,334, or an hourly wage of $51, in comparison to Wells Capital Management Inc which pays $130,099 per year or $63 per hour.

3. Do salaries differ significantly between departments at 1st Source Bank?

Yes, salaries often differ between departments at 1st Source Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at 1st Source Bank?

Experience level is a significant factor in determining salary at 1st Source Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from 1st Source Bank in South Bend is fair given the local cost of living?

To determine if a salary offer from 1st Source Bank in South Bend is fair, first compare the gross salary to our data for similar roles at 1st Source Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for South Bend" to understand its purchasing power.

6. What are the key factors that influence salary levels at 1st Source Bank?

Several key factors influence salary levels at 1st Source Bank. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: 1st Source Bank likely benchmarks its salaries against other companies in the Financial Services sector. You can explore how these factors play out in our detailed salary data.

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