Better Health for All

The company is a financial holding company providing commercial and retail banking services.

Its core business activities, such as deposit accounts and loans, do not have a direct positive or negative impact on health outcomes, nor do they involve health-related products or services. Therefore, all KPIs related to health impact, harmful revenue, safety records, price accessibility, vulnerable reach for health needs, risk transparency for health products, health innovation investment, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, and clinical trial ethics are not applicable to its operations.

Fair Trade & Ethical Sourcing

The provided articles do not contain any information relevant to National Bankshares, Inc.'s fair trade and ethical sourcing practices, supply chain management, or any specific data points for the requested KPIs.

Therefore, no KPIs can be scored based on the evidence provided.

Honest & Fair Business

The company has a basic whistleblower policy requiring employees to promptly report illegal or unethical conduct to the President or the Chairman of the Board of Directors Audit Committee.

The company has not had any financial restatements, as indicated by unchecked boxes in SEC filings for error corrections to previously issued financial statements. The Audit Committee of the Board of Directors is comprised entirely of outside directors who are independent of management. The company complies with anti-money laundering laws and regulations, including the Bank Secrecy Act, the Money Laundering Control Act, the USA PATRIOT Act, and the Anti-Money Laundering Act of 2020, and has implemented internal practices, procedures, and controls for these obligations. It also has a clawback policy for executive compensation. The company uses third-party assessors for cybersecurity risk management, outsources independent loan review, and relies on independent appraisals for real estate valuation.

Kind to Animals

National Bankshares, Inc. is a financial holding company that provides banking services.

Its core business operations do not involve activities such as product manufacturing, animal testing, animal husbandry, or the sourcing of animal-derived ingredients or products. Therefore, all Key Performance Indicators related to 'Kind to Animals' are not applicable to the company's business model, and no relevant evidence was found in the provided articles.

No War, No Weapons

The provided articles focus on National Bankshares, Inc.'s financial performance, history, and branch locations.

No data relevant to the 'No War, No Weapons' ethical value or any of its associated KPIs was found in the provided evidence.

Planet-Friendly Business

National Bankshares, Inc. operates in the Financial Intermediation industry, which is categorized as having very low carbon intensity, indicating that its GHG emissions footprint is not material.

The company has not reported any carbon emissions data, nor has it outlined any specific reduction targets or climate commitments, including SBTi-aligned targets or a net-zero target year. No information regarding environmental compliance violations was provided, indicating zero reported violations.

Respect for Cultures & Communities

The company has no reported cultural appropriation incidents.

Free, Prior and Informed Consent (FPIC) processes and the tracking of indigenous suppliers are not applicable to the company's operations, as the provided articles do not mention indigenous populations in relation to its business activities.

Safe & Smart Tech

National Bankshares experienced two cyberattacks in May 2016 and January 2017, resulting in the theft of $2.4 million through unauthorized ATM withdrawals.

Hackers gained access to debit card account numbers, the STAR Network, and Navigator software, using the bank's systems to monitor customer accounts and make unauthorized withdrawals. During these breaches, hackers disabled and altered anti-theft and anti-fraud protections, including 4-digit PINs, and deleted evidence of fraudulent debits. The company implemented additional security protocols in June 2016 and hired forensics firms after the breaches. The company's Risk Committee, approved in January 2017, oversees information security risk and cyber defense management, meeting quarterly and reviewing critical risk management policies. The company states it invests in industry-accepted technologies and regularly reviews processes to protect networks and data. Customers can limit the sharing of creditworthiness information with affiliates and restrict affiliate marketing. The company is subject to extensive state and federal banking regulations and adjusts operations for compliance. The SEC has advised banks to disclose breaches promptly.