TX · Mid-size bank ($1B to $50B)
Total assets of FDIC-insured bank subsidiaries: $12.7B at the end of 2024
Filings on the SEC website · This bank on Bankgraph
| Report year | Using or planning AI | Explains how AI is controlled | Sees AI as a risk | Other mentions |
|---|---|---|---|---|
| 2022 | ||||
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| 2024 |
| In the 2024 report | This bank | Banks of its size |
|---|---|---|
| Using AI now | No | 10 of 230 (4%) |
| Explains how AI is controlled | No | 21 of 230 (9%) |
| Sees AI as a risk | Yes | 144 of 230 (63%) |
| Mentions generative AI | Yes | 70 of 230 (30%) |
| Mentions AI agents | No | 0 of 230 (0%) |
5 passages new in the 2024 report, 0 passages from the 2023 report no longer there. The most specific passage is more detailed than last year.
•We have a continuing need for technological change and may not have the resources to effectively implement new technology, such as artificial intelligence ("AI"), or may experience operational challenges when implementing new technology.
We have a continuing need for technological change and may not have the resources to effectively implement new technology, such as AI, or may experience operational challenges when implementing new technology.
In particular, 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, which presents a number of risks and challenges. 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 our implementation of AI technology and increase our compliance costs and the risk of non-compliance. Further, generative
Similar wording appears in 34 other banks' reports.
AI has been known to, and may continue to, create biased, incomplete, inaccurate, misleading or poor-quality output or produce other discriminatory or unexpected results, errors or inadequacies, any of which may not be easily detectable. We may also 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 we may have limited visibility. AI solutions may also be adversely impacted by unforeseen defects, technical challenges, cyber-attacks, cybersecurity breaches, service outages or other similar incidents, or material performance issues. Any of these risks could expose us to liability or adverse legal or regulatory consequences and harm our reputation and the public perception of our business or the effectiveness of our security measures.
Similar wording appears in 25 other banks' reports.
In addition, our competitors or other third parties may incorporate AI or other emerging technologies into their business or operations more quickly or more successfully than us, which could impair our ability to compete effectively. Many of our larger competitors have substantially greater resources to invest in technological improvements. As a result, they may be able to offer additional or superior products compared to those that we will be able to provide, which would put us at a competitive disadvantage. Accordingly, we may lose customers seeking new technology-driven products and services to the extent we are unable to provide such products and services.