1st Source Bank gets kudos from Forbes as a best bank

1st Source Bank has been recognized by Forbes as one of America's Best Banks in its annual review of the nation's 100 largest publicly held financial institutions.

1st Source ranked 25th on the list based on an analysis of asset quality, capital adequacy and profitability.

The company ranked higher than any other bank based in Indiana or southwestern Michigan.

To rank the nation's best banks, Forbes used data collected by SNL Financial. SNL gauged each bank based on eight criteria: return on average equity, net interest margin, non-performing loans; non-performing assets; reserves; a leverage ratio and two capital ratios.

The data is based on regulatory filings of public banks and thrifts through the third quarter of 2012.