Primis Financial Corp..
FRST.US | Other monetary intermediation
Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small to medium-sized businesses. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company's lo...Show More
Better Health for All
0
Primis Financial Corp. operates as a bank holding company, providing financial services such as checking, savings, and various types of loans. Its core products and services do not have a direct or significant positive or negative impact on health outcomes. The company's business model does not involve health-related products, services, R&D, or data, making many health-specific KPIs not applicable. While the Community Reinvestment Act (CRA) encourages banks to invest in underserved communities, this relates to financial access rather than direct health equity or health product accessibility, and therefore does not provide evidence for any of the health-related KPIs.
1
Fair Money & Economic Opportunity
-40
A Community Reinvestment Act (CRA) performance evaluation found no evidence of discriminatory or illegal credit practices.
1
Qualified Community Development Loans totaled $43.5 million, representing approximately 1.88% of the net loan portfolio.
2
Of its 42 branches, 21.5% are located in low- and moderate-income areas, with 4.8% in low-income areas and 16.7% in moderate-income areas.
3
Fair Pay & Worker Respect
10
For fiscal year 2024, the CEO's total compensation was 14 times the median employee compensation of $57,831.
1
Employee reviews indicate an overall rating of 2.9 out of 5 stars, which translates to approximately 58/100 for worker engagement.
2
As of December 31, 2024, the company had 592 employees.
3
Fair Trade & Ethical Sourcing
-10
Primis Financial Corp. operates as a bank, and the provided articles do not contain evidence of procurement or trading of physical commodities typically associated with fair trade or ethical sourcing supply chains.
1
Therefore, KPIs such as fair trade certification, supplier audit frequency, forced/child labor incidents, traceability coverage, remediation speed, and materials risk index are not applicable. The company emphasizes its dedication to supplier diversity and works with diverse minority suppliers as tier-2 suppliers, but there is no specific quantitative data on the percentage of its procurement budget directed to local, indigenous, or minority suppliers.
2
The absence of this specific data point means it falls into the lowest tier for supplier diversity spend.
Honest & Fair Business
-40
The company has restated its 2022 Annual Report (Form 10-K) and financial statements for the first three quarters of 2023, related to accounting for a consumer loan portfolio.
1
This indicates approximately two restatements within the past five years. While a code of ethics outlines a policy prohibiting bribery, gifts, and other forms of corruption, specific enforcement mechanisms, training details, or evidence of its strength are not provided.
2
Primis has received the TAG Certified Against Fraud Seal for seven consecutive years, demonstrating some level of third-party verification for anti-fraud measures.
3
Kind to Animals
0
No evidence available to assess Primis Financial Corp. on Kind to Animals.
No War, No Weapons
0
The provided articles do not contain any specific, concrete data points or facts related to Primis Financial Corp.'s involvement in arms manufacturing, military contracts, conflict facilitation, or peace initiatives. The company's core business is financial services.
1
The articles focus on general ESG ratings.
2
They also discuss carbon emissions (or lack thereof).
3
Additionally, a human resources code of ethics is covered.
4
None of these provide information relevant to the 'No War, No Weapons' value or its associated KPIs.
Planet-Friendly Business
0
Primis Financial Corp. is a financial services provider, and its operations do not involve physical products, material sourcing, or packaging, making several environmental KPIs not applicable.
1
The company does not report emissions data, environmental targets, or participation in relevant initiatives.
2
There is no specific, quantitative evidence regarding its renewable energy use, water consumption, waste diversion, green building certifications, or climate-related financial disclosures like TCFD alignment or climate scenario analysis.
3
While the company has CSR programs, there is no evidence of specific climate justice or just transition initiatives.
4
Respect for Cultures & Communities
0
No evidence of cultural appropriation incidents was found during the evaluation period.
1
The company's business model as a bank does not typically involve activities that lead to cultural appropriation.
Safe & Smart Tech
0
No specific, concrete data points were found in the provided articles to assess FRST.US against any of the Safe & Smart Tech KPIs.
1
Zero Waste & Sustainable Products
0
No evidence available to assess Primis Financial Corp. on Zero Waste & Sustainable Products.