1st Source Corporation SRCE Liability for repurchases
Liability for repurchases at other companies
Other financials
Where this comes from
Reported directly by 1st Source Corporation in its filing.
Tagged under the XBRL concept source:LiabilityForEstimatedLossesOnRepurchaseAndIndemnification.
The source filing: 1st Source Corporation’s 10-K, filed February 17, 2026.
- Filed
- Feb 17, 2026, 4:02 PM EST
- Fiscal year
- FY2025
- Accession
- 0000034782-26-000011
The Company’s liability for repurchases, included in Accrued Expenses and Other Liabilities on the Consolidated Statements of Financial Condition, was $0.05 million and $0.12 million as of December 31, 2025 and 2024, respectively. The mortgage repurchase liability represents the Company’s best estimate of the loss that it may incur. The estimate is based on specific loan repurchase requests and a historical loss ratio with respect to origination dollar volume. Because the level of mortgage loan repurchase losses are dependent on economic factors, investor demand strategies and other external conditions that may change over the life of the underlying loans, the level of liability for mortgage loan repurchase losses is difficult to estimate and requires considerable management judgment.
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is 1st Source Corporation's liability for repurchases?
- 1st Source Corporation (SRCE) reported liability for repurchases of $50K in Q4 2025.
- How has 1st Source Corporation's liability for repurchases changed year-over-year?
- 1st Source Corporation's liability for repurchases decreased by 58.3% year-over-year, from $120K to $50K.
- What is the long-term trend for 1st Source Corporation's liability for repurchases?
- Over 5 years (2020 to 2025), 1st Source Corporation's liability for repurchases has grown at a -31.4% compound annual growth rate (CAGR), from $330K to $50K.
- What does liability for repurchases mean?
- This represents the estimated financial reserve set aside to cover potential losses from the repurchase of loans or assets previously sold, often due to breaches of representations and warranties. It serves as a key indicator of credit quality and potential legal or operational risk exposure.
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