1st Source profit for 2011 is up 17 percent

SOUTH BEND – 1^st Source Corp. has announced record earnings of $48.2 million in 2011.

The bank said the financial results are 17 percent above last year, which earnings were $41.2 million.

Earnings per share rose from $1.21 in 2010 to $1.96 last year.

1^st Source operates 75 banking centers in 17 counties, 23 finance locations, eight wealth management centers and eight insurance offices.