Proof of Usefulness Report

Primary Bank

Analysis completed on 2/16/2026

+395
Proof of Usefulness Score
Certified Problem Solver

Primary Bank is a legitimate, publicly traded community bank (OTCQX: PRMY) with verified annual revenue of ~$26M and a market cap of ~$131M, significantly exceeding the submission's outdated '$17M' figure. However, the submission quality is critically low, containing demonstrably false claims regarding audience reach ('everyone') and team size (claimed 350, actual ~43-65), and lacking any evidence of technical innovation. The high score reflects the project's verifiable real-world financial traction and utility, heavily penalized by the lack of technological novelty and poor response integrity.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+191.25
Audience Reach Impact+30
Technical Innovation+3.75
Evidence Of Traction+157.5
Market Timing Relevance+40
Functional Completeness+2.5
Subtotal+425
Usefulness Multiplierx0.93
Final Score+395

Project Details

Project URL
primarybanknh.com
Description
Primary Bank is business focused, and knows every business should have an opportunity to grow. Driven by an unparalleled entrepreneurial spirit, the leadership team formed Primary Bank to protect the power of local banking and local decision making. Primary Bank delivers a wide range of financial services for businesses and individuals in Southern New Hampshire, and is a valued community partner. Member FDIC.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline