SR Bancorp, Inc..
SRBK.US | Other monetary intermediation
SR Bancorp, Inc. operates as the holding company for Southern First Bank, N.A. that provides various banking products and services in South Carolina and North Carolina. It accepts various deposit products, including checking, savings, money market, and individual retirement accounts, as well as cert...Show More
Better Health for All
0
SR Bancorp, Inc. operates as a banking institution, providing deposit, loan, wealth management, and trust services. The company's core products and services are considered health-neutral, as they do not have direct positive or negative health impacts, leading to a score of 0 for 'health_impact_core' and 'harmful_revenue_share'. Similarly, its business model does not involve health-related products, services, or data that would necessitate scoring for KPIs such as 'safety_record', 'price_accessibility', 'risk_transparency', 'health_innovation_investment', 'healthcare_data_responsibility', 'pharma_patent_flexibility', 'nutrition_and_food_safety', 'addiction_mitigation', or 'clinical_trial_ethics'. While the company, through its Somerset Regal Charitable Foundation and other initiatives, supports various health-related programs,
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the provided evidence does not offer quantitative data to assess the scale or impact required by the rubric's tiers for KPIs like 'vulnerable_reach', 'health_equity_programs', 'healthcare_workforce_support', 'preventative_health_measures', 'global_health_crisis_response', 'mental_health_initiatives', or 'healthcare_education'. Therefore, these KPIs are omitted due to lack of specific, measurable evidence.
Fair Money & Economic Opportunity
-40
SR Bancorp, Inc. received a 'Satisfactory' rating in its last FDIC Community Reinvestment Act (CRA) examinations for both Somerset Savings Bank and Regal Bank.
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The company contributed $5.4 million to the newly formed Somerset Regal Charitable Foundation, Inc. during the six months ended December 31, 2023.
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This contribution represents approximately 6% of the $90.6 million raised in its Initial Public Offering.
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The combined Somerset Regal Bank operates 17 branches across six counties in New Jersey, specifically Essex, Hunterdon, Middlesex, Morris, Somerset, and Union Counties.
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Fair Pay & Worker Respect
0
No evidence available to assess SR Bancorp, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
SR Bancorp, Inc. operates as a financial institution, providing banking products and services. The provided articles, which include a general ESG governance framework and a Code of Ethics for senior officers, do not contain any specific, quantitative data related to fair trade and ethical sourcing practices.
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Given the nature of the company's business, several KPIs related to the procurement and trade of physical commodities, such as fair-trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for sourcing violations, and spend on high-risk materials, are not applicable to its core operations. No evidence was found for these metrics, aligning with the 'N/A' tier in the rubric.
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Honest & Fair Business
0
No relevant evidence was found in the provided articles for SR Bancorp, Inc. (Greenville, SC, Southern First Bank, N.A.) regarding any of the 'Honest & Fair Business' KPIs. Several articles were identified as pertaining to a different entity also using the SRBK.US ticker (SR Bancorp, Inc. of Bound Brook, NJ, operating Somerset Regal Bank) or other unrelated companies (Customers Bancorp, Inc., The Bancorp) and were therefore excluded.
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Kind to Animals
0
No evidence available to assess SR Bancorp, Inc. on Kind to Animals.
No War, No Weapons
0
No specific, concrete data points were found in the provided articles to assess SR Bancorp, Inc. against the 'No War, No Weapons' ethical value.
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Therefore, no KPIs could be scored.
Planet-Friendly Business
0
No specific quantitative data related to any of the defined planet-friendly business metrics, such as carbon emissions, renewable energy use, water consumption, or waste diversion, is available for SR Bancorp, Inc.
1
The provided articles explicitly state a lack of data for these indicators, and no reduction targets or climate commitments are specified.
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Respect for Cultures & Communities
20
In 2021, the company reinvested approximately 9.04% of its revenue in local community development, including $27 million in new community development loans and investments and $125,000 in CRA grants.
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There are no reported cultural appropriation incidents.
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Safe & Smart Tech
0
No specific, concrete evidence was found in the provided articles to assess SR Bancorp, Inc. against any of the 'Safe & Smart Tech' KPIs. The articles either discuss general industry practices, financial information, or a code of ethics without specific performance metrics for the company's data protection, cybersecurity, or AI ethics.
Zero Waste & Sustainable Products
0
No data is available in the provided articles regarding SR Bancorp, Inc.'s waste management practices, 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 certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education.