First Community Bankshares, Inc..
FCBC.US | Other monetary intermediation
First Community Bankshares, Inc. operates as the bank holding company for First Community Bank, a community bank that provides a range of banking products and services. It offers various deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. The...Show More
Better Health for All
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The company's core banking products and services, such as loans, deposits, and wealth management, are generally health-neutral, leading to a score of 0 for several KPIs. There is no evidence of revenue from products with negative health outcomes, nor direct safety implications, health risks requiring disclosure, or R&D focused on health outcomes. The company does not engage in activities related to pharma patents, nutrition, addiction mitigation, or clinical trials. The company offers Health Savings Accounts (HSAs) with a minimum deposit of $1 and no monthly maintenance fee, which are health-positive, but their proportion within the overall product portfolio is not quantified.
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The company's community involvement includes supporting several health-focused organizations such as the Bedford Cancer Foundation, Circle of Friends Community Clinic, Free Medical Clinic, and Shenandoah Community Clinic.
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Employees raised $18,050.46 for Arkansas Children’s Hospital cancer unit, with the bank contributing $5,500.
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The bank also donated $16,580 to White River Health Foundation for breast cancer research and participated in a breast cancer awareness initiative in October 2022.
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However, the total funding for health equity programs is not provided as a percentage of revenue, making it difficult to assess the scale of impact. The company provides health insurance, dental insurance, and sick days for its employees, with sick time rolling over up to 90 days.
5
Fair Money & Economic Opportunity
0
An independent analysis by Premier Insights found no statistically significant evidence of discriminatory or unfair lending practices by First Community Bank.
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This analysis included a redlining risk assessment and regression analysis of consumer lending data, which also found no significant differences in lending penetration within minority areas.
2
Fair Pay & Worker Respect
0
No evidence available to assess First Community Bankshares, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
No evidence available to assess First Community Bankshares, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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First Community Bankshares (FCBC.US) is settling a lawsuit for $5 million, filed in June 2022, related to overdraft fees and unjust enrichment.
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The company has a formal whistleblower protection policy that prohibits retaliation, encourages reporting to General Counsel (who reports to the CEO), mentions anonymous submission, and provides a dedicated hotline with contact information for an independent audit firm.
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However, there is no explicit evidence of independent investigation processes for whistleblower reports. The company's Standards of Conduct explicitly prohibit bribery, kickbacks, and improper considerations, but lack clear guidance on facilitation payments and gift thresholds.
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The Audit Committee Charter states that board members must be free from relationships that could interfere with independent judgment, as determined by the Board, but does not provide a specific percentage of conflict-free directors.
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The company appoints, compensates, and oversees an independent registered public accounting firm and reviews its audit plan, indicating some level of third-party verification.
5
Kind to Animals
0
FCBC.US operates as a bank holding company providing financial products and services.
1
Its core business model does not involve activities such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients. Therefore, all KPIs related to these activities are not applicable to the company's operations.
No War, No Weapons
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to the 'No War, No Weapons' ethical value. The articles either contained no relevant information, explicitly stated that no data was provided for these categories, or were policy documents without performance metrics.
Planet-Friendly Business
-20
The company has no reported carbon emissions, reduction targets, or climate commitments.
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All planet-friendly business metrics are unavailable due to a lack of reported data.
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However, no specific regulatory actions, violations, fines, or compliance issues have been mentioned in the provided articles.
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Respect for Cultures & Communities
0
No specific, quantifiable evidence was found in the provided articles for any of the Key Performance Indicators related to Respect for Cultures & Communities. Information regarding partnerships, community investment as a percentage of revenue, cultural incidents, assessment protocols, local employment, grievance mechanisms for communities, or cultural preservation efforts was not available or not presented in a quantifiable manner that aligns with the rubric's thresholds. While some articles mention community involvement and a Community Benefits Plan, they do not provide the precise data points (e.g., percentages of revenue, specific counts of partnerships fitting defined ranges, or resolution times) required by the rubric.
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Safe & Smart Tech
0
The provided articles discuss general cybersecurity best practices, survey results, and industry trends for community and mid-sized banks. However, none of the articles offer specific, concrete data points or actions directly attributable to FCBC.US for any of the Safe & Smart Tech KPIs.
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Therefore, no KPIs can be scored for the company based on the evidence provided.
Zero Waste & Sustainable Products
-20
The company has implemented multiple waste reduction initiatives with measurable results. These include recycling 1,739,429 pounds of paper, 16,892 pounds of electronics, 24,240 pounds of wood, 38,250 pounds of carton, and 1,015 cell phones.
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Additionally, paper usage was reduced by 785,000 pages in one year and 300,000 pages annually since 2019.
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The use of electronic signatures saved 1,500 pounds of waste, and 500,000 electronic statements eliminated 1.5 million pages of printed materials.
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The company has not reported any waste disposal violations in the past three years.
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