How to Reconcile 1st Source Bank Statements

What you are checking against

1st Source Bank typically prints the period's opening balance first, works through the activity in date order, and closes with the ending balance the transactions must reproduce. 1st Source Bank (South Bend, Indiana) files its statements in the documents area of online banking, organized by account and closing date.

Two numbers discipline the whole process: the opening balance, which must equal last month's proven closing balance, and the closing balance, which the month's transactions must reproduce to the cent. Everything between them is detail. A workflow that protects those two anchors — verifying the chain link before starting, and the totals before importing — turns reconciliation from an investigation into a routine. How the automated check applies the same discipline is set out on the methodology page.

The 1st Source Bank month-end reconciliation workflow

Begin with the statement, not the software. Open the month's PDF and read its summary numbers first: opening, totals, closing. The software gets opened second, with the target already known.
Convert and compare totals before rows. Match the converted file's totals to the statement's summary. Totals that agree leave only classification questions; totals that disagree send you to the flagged rows, in order.
Resolve flags while both documents are open. Statement on one side, file on the other, fix each marked row at its source. Flags resolved later are resolved from memory, and memory is how errors get in.
Import and reconcile to the identical closing figure. The software's reconciliation target is the statement's closing balance and closing date — typed from the statement, never from the imported file, so the check stays independent.
Leave the month better documented than you found it. Save the trio — statement, file, result — plus one line noting anything outstanding. The next person to touch this month may be you in a year.

These are the general steps most banks follow for statement downloads; exact menu labels vary by bank and change over time.

1st Source Bank in this directory

In this directory 1st Source Bank appears 118th among 221 US institutions: a regional bank based in South Bend, Indiana. Indiana accounts for 4 institutions in the directory: 1st Source Bank shares the state with Old National Bank, Horizon Bank and German American Bank, each issuing its own statements and converting against its own balances. No other listed institution shares its headquarters city — South Bend appears once as a Indiana headquarters in these pages. Regional banks number 111 in the directory; the nearest regional banks to 1st Source Bank in the listing are Wintrust Bank of Chicago, Illinois and UMB Bank of Kansas City, Missouri. In directory order 1st Source Bank sits between Old Second National Bank (Aurora, Illinois) and Horizon Bank (Michigan City, Indiana) — institutions whose statement pages follow the same pattern as this one, each answering to its own balances.

Reading one 1st Source Bank statement closely

A 1st Source Bank statement repays thirty seconds of orientation before any numbers move. Locate the balance pair the month is anchored to — opening and closing on deposit accounts, Previous and New on cards — and scan the transaction list for the period's biggest items, since a reconciliation difference is most often one of them. Note any section subtotals the layout prints; each one is a free checkpoint the converter's running-balance walk also uses. Pull the PDF from Statements in 1st Source Bank online banking and the mobile app so you are always working from the issued document, not a re-export.

When a 1st Source Bank statement does not tie out

The statement's opening balance belongs to a different period — usually a gap month in the set. Check that consecutive statements chain: each closing balance should equal the next opening balance.
The PDF is a scan and OCR misread a digit. The flagged rows name the expected and printed balances; correct those rows against the image.
The statement period straddles a bank holiday weekend and the bank grouped several days of card activity under one posting date — the rows are all present, but their order differs from the software's expectation.
Two accounts' statements were converted into one file — the numbers for the second account read as unexplained differences in the first. Separate the documents and check each against its own balances.

Keeping a year chained together

The strongest property of a reconciled year is the chain: twelve statements where every closing balance hands over to the next opening balance without a seam. Build the chain and a whole class of errors — missing months, duplicated months, a statement converted twice — becomes impossible to hide. When a chain breaks, the break itself localizes the problem to the seam between two specific months, which is a five-minute investigation instead of a day of searching.

Questions and answers

Does reconciling in QuickBooks or Xero replace the conversion check?

They check different things. The conversion check proves the file matches the statement; the software reconciliation proves the books match the file. Doing both, in that order, is what makes a month solid.

Can I reconcile several 1st Source Bank accounts together?

Convert and check each account's statements separately — balances are per account — then reconcile each account in your software. Combined Excel exports keep one sheet per statement so accounts never blur.

Can I reconcile from a scan?

Yes — scanned statements convert through OCR and go through the identical checks. Because OCR can misread digits, treat flagged rows on scans with extra care and always resolve them against the image.

The bank corrected a 1st Source Bank transaction mid-period. How do I reconcile?

Banks post corrections as their own dated lines — a reversal and a corrected entry, or a single adjustment line. Enter them exactly as printed, in the period they appear, even if the original transaction sits in an earlier month. The statement is the record; reconciling means matching it, and the pair nets to the truth.

My 1st Source Bank statement shows a running balance but my software disagrees mid-month while agreeing at the end. Problem?

Usually not an error: running balances depend on the order transactions are walked, and the software may order same-day items differently from the bank. Agreement at the closing balance with every transaction present is the substance; mid-month ordering differences on the same posting date are cosmetic.