AI Artificial Intelligence FinCEN Financial Crimes Enforcement Network
Standard wording or passing mentionDetail: GeneralNew this year
First Western Financial Inc
MYFW · CO · Mid-size bank ($1B to $50B)
Total assets of FDIC-insured bank subsidiaries: $3.2B at the end of 2025
Filings on the SEC website · This bank on Bankgraph
In short. In its 2025 annual report, First Western Financial Inc mentions AI in 4 passages. It lists AI as a risk, but the report does not say how AI is controlled.
In the 2025 annual reportThe yearly report a listed company files with the SEC, called a 10-K. It describes the business, its risks and its results.
Mentions AI
Yes
4 passages
Highest detail levelHow specific a passage is about AI at this bank. General: could be in any bank's report. Names an area: says where AI is used or how it is controlled. Concrete example: names a tool or vendor, gives a number, a date or a result.
General
What it says
Standard wording or passing mention; Sees AI as a risk
Kinds of AI named
Generative AI, Machine learning
How AI is controlled
Not described
AI in its annual reports over time
- What this shows
- How many passages about AI each annual report contains, 2022 to 2025, by what they say.
- What it means
- 0 passages in 2022, 4 passages in 2025.
- How to read it
- Each bar is a report year, split by what the passages say. Hover or tap a bar for the count.
- Where it comes from
- Banks' annual reports (10-K) filed with the SEC, up to 6 Oct 2026. How we did this
Show as a table
| Report year | Using or planning AI | Explains how AI is controlled | Sees AI as a risk | Other mentions |
|---|---|---|---|---|
| 2022 | ||||
| 2022 | ||||
| 2022 | ||||
| 2022 | ||||
| 2023 | ||||
| 2023 | ||||
| 2023 | ||||
| 2023 | ||||
| 2024 | ||||
| 2024 | ||||
| 2024 | ||||
| 2024 | ||||
| 2025 | ||||
| 2025 | ||||
| 2025 | ||||
| 2025 |
Compared with banks of its size
- What this shows
- This bank's 2025 annual report next to all 221 banks of its size ($1B to $50B).
- What it means
- Its most specific passage is "General"; for banks of its size the typical level is "General".
- How to read it
- Yes or no for this bank; the share of banks of the same size for comparison.
- Where it comes from
- Banks' annual reports (10-K) filed with the SEC, up to 6 Oct 2026. How we did this
| In the 2025 report | This bank | Banks of its size |
|---|---|---|
| Using AI now | No | 26 of 221 (12%) |
| Explains how AI is controlled | No | 55 of 221 (25%) |
| Sees AI as a risk | Yes | 184 of 221 (83%) |
| Mentions generative AI | Yes | 112 of 221 (51%) |
| Mentions AI agents | No | 18 of 221 (8%) |
What changed from 2024
1 passage new in the 2025 report, 0 passages from the 2024 report no longer there.
Every passage about AI
- What this shows
- All 10 passages about AI in this bank's annual reports, quarterly reports and earnings materials since 2023, newest first.
- What it means
- 0 passages say the bank is using AI now.
- How to read it
- Highlighted words are the terms that matched. Labels show what each passage says. Follow the link to read it in the filing.
- Where it comes from
- Banks' annual reports (10-K), quarterly reports (10-Q) and earnings materials (8-K) filed with the SEC. How we did this
Annual report, report year 2025 filed 27 Feb 2026
–The development and use of Artificial Intelligence (AI) presents risks and challenges that may adversely impact the Company’s business.
Sees AI as a riskDetail: GeneralSame as last year
Similar wording appears in 26 other banks' reports.
The development and use of AI presents risks and challenges that may adversely impact the Company’s business.
Sees AI as a riskDetail: GeneralSame as last year
Similar wording appears in 12 other banks' reports.
The Company or its third-party (or fourth party) vendors, clients or counterparties may develop or incorporate AI technology in certain business processes, services, or products. The development and use of AI presents a number of risks and challenges to the Company’s business. The legal and regulatory environment relating to AI is uncertain and rapidly evolving, both in the U.S. and internationally, and includes regulatory schemes targeted specifically at AI as well as provisions in intellectual property, privacy, consumer protection, employment, and other laws applicable to the use of AI. These evolving laws and regulations could require changes in the Company’s implementation of AI technology and increase the Company’s compliance costs and risk of non-compliance. AI models, particularly generative AI models, may produce output or take actions that is incorrect, that reflects biases included in the data on which they are trained, that results in the release of private, confidential, or proprietary information, that infringes on the intellectual property rights of others, or that is otherwise harmful. In addition, the complexity of many AI models makes it difficult to understand why they are generating particular opinions. This limited transparency increases the challenges associated with assessing the proper operation of AI models, understanding, monitoring the capabilities of the AI models, reducing erroneous output, eliminating bias, and complying with regulations that require documentation or explanation of the basis on which decisions are made. Further, the Company may rely on AI models developed by third parties, and, to that extent, would be dependent in part on the manner in which those third parties develop and train their models, including risks arising from the inclusion of any unauthorized material in the training data for their models and the effectiveness of the steps these third parties have taken to limit the risks associated with the output of their models, matters over which the Company may have limited visibility. Any of these risks could expose the Company to liability or adverse legal or regulatory consequences and harm the Company’s reputation and the public perception of its business or the effectiveness of its security measures.
Sees AI as a riskDetail: GeneralMachine learningGenerative AISame as last year
Similar wording appears in 27 other banks' reports.
Quarterly report, Q3 2025 filed 31 Oct 2025
AI Artificial Intelligence FHLB Federal Home Loan Bank
Standard wording or passing mentionDetail: GeneralNew this periodNew since the annual report
Quarterly report, Q2 2025 filed 1 Aug 2025
AI Artificial Intelligence FDIC Federal Deposit Insurance Corporation
Standard wording or passing mentionDetail: GeneralNew this periodNew since the annual report
Annual report, report year 2024 filed 7 Mar 2025
–The development and use of Artificial Intelligence ("AI") presents risks and challenges that may adversely impact the Company’s business.
Sees AI as a riskDetail: GeneralNew this year
Similar wording appears in 23 other banks' reports.
The development and use of AI presents risks and challenges that may adversely impact the Company’s business.
Sees AI as a riskDetail: GeneralNew this year
Similar wording appears in 7 other banks' reports.
The Company or its third-party (or fourth party) vendors, clients or counterparties may develop or incorporate AI technology in certain business processes, services, or products. The development and use of AI presents a number of risks and challenges to the Company’s business. The legal and regulatory environment relating to AI is uncertain and rapidly evolving, both in the U.S. and internationally, and includes regulatory schemes targeted specifically at AI as well as provisions in intellectual property, privacy, consumer protection, employment, and other laws applicable to the use of AI. These evolving laws and regulations could require changes in the Company’s implementation of AI technology and increase the Company’s compliance costs and risk of non-compliance. AI models, particularly generative AI models, may produce output or take actions that is incorrect, that reflects biases included in the data on which they are trained, that results in the release of private, confidential, or proprietary information, that infringes on the intellectual property rights of others, or that is otherwise harmful. In addition, the complexity of many AI models makes it difficult to understand why they are generating particular opinions. This limited transparency increases the challenges associated with assessing the proper operation of AI models, understanding, monitoring the capabilities of the AI models, reducing erroneous output, eliminating bias, and complying with regulations that require documentation or explanation of the basis on which decisions are made. Further, the Company may rely on AI models developed by third parties, and, to that extent, would be dependent in part on the manner in which those third parties develop and train their models, including risks arising from the inclusion of any unauthorized material in the training data for their models and the effectiveness of the steps these third parties have taken to limit the risks associated with the output of their models, matters over which the Company may have limited visibility. Any of these risks could expose the Company to liability or adverse legal or regulatory consequences and harm the Company’s reputation and the public perception of its business or the effectiveness of its security measures.
Sees AI as a riskDetail: GeneralGenerative AINew this year
Similar wording appears in 28 other banks' reports.
Annual report, report year 2023 filed 15 Mar 2024
The financial services industry is undergoing rapid change, as technology enables non-traditional new entrants to compete in certain segments of the banking market, in some cases with reduced regulation. New entrants may use new technologies, advanced data and analytic tools, lower cost to serve, reduced regulatory burden or faster processes to challenge traditional banks. We may experience operational challenges in connection with the adoption of or failure to adopt, new technology, such as artificial intelligence, which could result in unintended consequences or expenses as a result of the technology's limitations, our failure to use new technology effectively or at all, not fully realizing the anticipated benefits from such new technology, or the cost to implement or remedy any challenges associated with the adoption of new technology in a timely manner.
Sees AI as a riskDetail: GeneralNew this year
11 passages in legal noticesThe forward-looking statements notice at the start or end of a filing. It often lists AI among many risks. It is never counted., not counted
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last year
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last year
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
Same as last period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
New this period
•technological change, including the use of artificial intelligence as a commonly used resource and its effects;
New this year