1st Source reported net income of $13.94 million for the second quarter of 2013, up 10.94% over the $12.57 million earned in the second quarter of 2012. Year to date, net income was $26.35 million, up 8.50% compared to the first six months of last year.

The bank’s construction equipment, aircraft and truck financing portfolios of $311.1 million, $677.5 million and $178.6 million, respectively were up from $280.7 million (10.8%), $662.2 million (6.1%) and $172.3 million (3.7%) at the end of the same quarter in 2012.

Christopher J. Murphy III, chairman and chief executive officer, commented, “The second quarter saw solid growth in loans and leases, deposits and total assets, as well as strong performance in our overall credit quality. The slowly improving economy and our focus on relationship banking are having a positive impact on our results. We are very pleased with the results of this quarter and the first six months.”

To download the PDF of 1st Source news release click here.