Farmers National Banc Corp..
FMNB.US | Other monetary intermediation
Farmers National Banc Corp. is a financial holding company operating primarily through its subsidiary, The Farmers National Bank of Canfield. The bank provides a range of commercial and retail banking services, including deposit accounts, loans (commercial, agricultural, real estate, and consumer), ...Show More
Better Health for All
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No evidence available to assess Farmers National Banc Corp. on Better Health for All.
Fair Money & Economic Opportunity
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Farmers National Banc Corp. has a strong fair lending compliance record, with the OCC not identifying any discriminatory or illegal credit practices.
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The bank's inclusion initiatives include $74.2 million in SBA PPP loans and $8.2 million in innovative home mortgage loans for low-to-moderate income borrowers, which together represent approximately 2.58% of its $3.2 billion loan book.
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For profit reinvestment, the bank originated one community development loan of $400,000 and identified another qualified community development loan of $19.4 million for infrastructure projects benefiting low-to-moderate income communities.
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It also committed $32.7 million to statewide securities and $12.5 million in Low-Income Housing Tax Credits, along with qualified donations totaling $192,000 across its assessment areas.
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The bank provides financial literacy through videos on topics like budgeting and debt repayment, and offers presentations to local students.
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Borrowers of the Affordable Home Loan are required to complete a certified home buyer counseling session.
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The bank operates 64 branches and 63 deposit-taking ATMs across eight assessment areas in Ohio and Pennsylvania, with approximately 25% of its service points located in underserved areas.
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Fair Pay & Worker Respect
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In 2023, the CEO's pay ratio was 23:1 compared to the median employee pay.
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The overall employee rating is 3.4 out of 5 stars, with 62% of employees approving of the CEO and 62% recommending working at the bank to a friend.
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No specific regulatory actions, violations, fines, or compliance issues related to labor laws or human rights were mentioned across the provided articles.
Fair Trade & Ethical Sourcing
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Farmers National Banc Corp. is a financial institution, and as such, the KPIs related to fair trade and ethical sourcing of physical commodities are not applicable to its core business model. The company does not procure or trade physical commodities, nor does it have a supply chain requiring welfare or sourcing audits, or exposure to upstream labor practices typically associated with these KPIs. No specific quantitative evidence was found regarding the percentage of supplier contracts with enforceable ethical-sourcing clauses or the percentage of procurement budget directed to diverse suppliers.
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Honest & Fair Business
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Farmers National Banc Corp. has a formal whistleblower policy, including an anonymous reporting mechanism (Ethics Point) and a hotline, but there is no evidence provided regarding independent investigation processes, training, or effectiveness.
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The company's 2023 Annual Report (Form 10-K) indicates no restatements were mentioned for the periods covered.
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An independent external audit is performed by Crowe LLP, which issued an unqualified audit opinion on the financial statements and internal controls.
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A Code of Business Conduct and Ethics exists, prohibiting bribery and corruption and outlining procedures for handling potential conflicts, but details on its strength, enforcement, or training frequency are not provided.
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The company mentions the use of independent third-party vendors for internal audit or compliance testing, but the extent of independent verification of ethical claims is not specified.
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Kind to Animals
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Farmers National Banc Corp. (FMNB.US) is a financial services company, primarily offering banking and wealth management services.
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Its core business model does not involve activities such as animal testing, animal agriculture, or the use of animal-derived products or ingredients. Therefore, the company's operations do not directly intersect with the specific animal welfare metrics outlined in the rubric. No evidence was found in the provided articles to suggest any direct involvement in animal-related operations, testing, or sourcing that would require assessment against these KPIs.
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No War, No Weapons
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Farmers National Banc Corp. is a financial holding company operating as a bank, providing commercial and retail banking services. Its 2023 Form 10-K filing explicitly states that no quantitative data is directly relevant to 'No War, No Weapons,' as the report focuses on banking operations and financial performance.
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This indicates that the company's core business does not involve defense or arms-related activities, resulting in 0% revenue from such contracts.
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Planet-Friendly Business
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No specific, quantitative data points are available across any of the Planet-Friendly Business KPIs.
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The company does not report carbon emissions figures, reduction targets, or climate commitments.
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Information on renewable energy usage, water use, waste diversion, EU Taxonomy alignment, lifecycle impact analysis, recycled/virgin ratios, carbon offset quality, climate-positive initiatives, supply chain transparency, supplier SBTi targets, biodiversity efforts, deforestation policies, environmental compliance violations, environmental impact assessments, net-zero targets, TCFD alignment, climate scenario analysis, stranded asset transparency, water from stressed basins, packaging CO2 reduction, climate justice initiatives, or just transition programs is also absent.
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Respect for Cultures & Communities
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The company has no reported cultural appropriation incidents.
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Additionally, there is no specific cultural impact assessment protocol mentioned, which aligns with a financial institution's business model where such protocols may not be applicable.
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Safe & Smart Tech
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The company has no documented data breaches for FMNB.US itself
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, though there were 'Imposter Phone Scam Alerts' indicating attempts to acquire online banking credentials.
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The company states it uses security measures that comply with federal law,
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including computer safeguards and secured files and buildings,
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to protect personal information from unauthorized access and use. Access to information is limited to appropriate employees.
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Users can access, update, and correct their information, and opt-out of email/SMS marketing and location tracking.
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The privacy policy was updated with an effective period of 30 calendar days following notice.
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The company collects personal information such as Social Security numbers, account balances, credit history, and payment history.
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It shares personal information for everyday business purposes (processing transactions, maintaining accounts, responding to legal investigations, reporting to credit bureaus) and for marketing purposes, including joint marketing with other financial companies like Raymond James Financial Services.
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It does not share information for affiliates' everyday business purposes or for non-affiliates to market to users.
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Zero Waste & Sustainable Products
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No quantitative data or specific information is available regarding FMNB.US's waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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The provided articles explicitly state a significant data gap concerning the company's zero waste and sustainable product initiatives, and no certifications, awards, or recognitions related to these areas are mentioned.
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