MASHINIi

First Savings Financial Group, Inc..

FSFG.US | Other monetary intermediation

First Savings Financial Group, Inc. operates as the holding company for First Savings Bank, which provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. The ...Show More

Ethical Profile

Mixed.

First Savings Financial Group (FSFG.US) receives a mixed ethical rating, with many areas lacking sufficient data for a comprehensive assessment. The company introduced an enhanced recycling program in 2022, reportedly tracking 463.27 pounds of recycled materials, and is developing a sustainability roadmap. However, critics point to a lack of disclosed Scope 1, 2, or 3 greenhouse gas emissions and no tracked reduction initiatives. FSFG has a 'satisfactory' Community Reinvestment Act rating, yet specific data on fair lending, inclusion initiatives, or wealth-building outcomes is largely unavailable. Similarly, information on fair pay, worker respect, and honest business practices remains limited.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity-20
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-20
-100100
Zero Waste & Sustainable Products-50
-100100

Better Health for All

0

The company's core business involves banking products and services, which have no direct positive or negative health impact.

1
No evidence was found regarding health-related products, services, or direct health outcomes.
2
The First Savings Charitable Foundation supports 501(c)(3) organizations in health and human services, and also supports financial literacy programs including math, science, and technology.
3
However, no specific quantitative data on the scale, funding, or impact of these initiatives was provided to assess against the rubric's thresholds for health equity programs or healthcare education.

Fair Money & Economic Opportunity

-20

First Savings Bank's Community Development (CD) loans totaled $118.2 million as of December 31, 2023, out of a total loan portfolio of $1.1 billion, representing 10.74% of the portfolio.

1
The OCC has not identified that the institution has engaged in discriminatory or other illegal credit practices, and it received an 'Outstanding' CRA rating as of January 6, 2025, with no adverse regulatory findings.
2
The First Savings Charitable Foundation, formed in October 2008, focuses on financial literacy, education, economic development, and community vitality, supporting programs like Junior Achievement and NEXGEN.
3
However, the percentage of annual pre-tax profit reinvested in community finance or profit-sharing is not provided.
4
The bank operates 24 branches across six states, but its branch network of about 15 depository locations is concentrated in Southern Indiana.
5
Employees provide services for literacy programs at majority low- and moderate-income schools and assistance for low- and moderate-income families with tax credit consulting and free income tax preparation services in the Las Vegas-Henderson-Paradise, NV MSA.
6

Fair Pay & Worker Respect

0

No specific, quantitative evidence was found across the provided articles for any of the KPIs related to Fair Pay & Worker Respect. Information regarding living wage coverage, CEO-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was not available.

1

Fair Trade & Ethical Sourcing

0

No evidence available to assess First Savings Financial Group, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

No specific, concrete data points were found across the provided articles to assess FSFG.US against any of the 'Honest & Fair Business' KPIs.

1
The articles explicitly state that no quantitative data or specific information related to the company or the relevant metrics was present.
2

Kind to Animals

0

No evidence available to assess First Savings Financial Group, Inc. on Kind to Animals.

No War, No Weapons

0

No relevant evidence was found in the provided articles to assess FSFG.US against the 'No War, No Weapons' ethical value.

1
Therefore, no KPIs can be scored.
2

Planet-Friendly Business

0

The provided articles explicitly state that FSFG.US has not disclosed Scope 1, 2, or 3 greenhouse gas emissions, nor has it reported any science-based carbon reduction targets.

1
Furthermore, the articles confirm a lack of quantitative data for all other requested metrics, including renewable energy use, water use, waste diversion, and capital expenditure alignment with the EU taxonomy.
2
No information on environmental compliance violations, certifications, or awards is provided.
3
Consequently, there is no specific, concrete data to score any of the Planet-Friendly Business KPIs against the rubric.

Respect for Cultures & Communities

0

No evidence available to assess First Savings Financial Group, Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

-20

The company uses 128-bit SSL encryption for data transfer between the bank and customers, and states that advanced encryption and access controls are used for sensitive data.

1
Security measures comply with federal law, including computer safeguards and secured files and buildings.
2
An Information Security Officer holds a Certified Information Security Manager (CISM) certification, and regular cybersecurity training and awareness programs are conducted for employees.
3
The company monitors its technology infrastructure with internal staff and third-party specialists, and independent auditors review processes.
4
However, consumers cannot limit sharing of personal information for everyday business or marketing purposes.
5
The company collects Social Security number, income, account balances, payment history, credit history, and credit scores, and continues to share information even when customers are no longer customers.
6
The bank's server issues a public key to the end user’s browser and creates a temporary private key for authentication.
7

Zero Waste & Sustainable Products

-50

The company has implemented an enhanced recycling program, which is considered one waste reduction initiative.

1
It is also developing a sustainability roadmap to achieve goals, indicating vague waste reduction goals without specific targets or deadlines.
2
Furthermore, no waste disposal violations or citations were mentioned in the 2023 report, suggesting exemplary compliance over the past three years.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.