Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 67

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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13,182 41675 14,255 Total$45,738 $89,781 $18,874 $7,926 $162,319 Six Months Ended June 30, 2024Noninterest-bearing deposits             $12,991 $25,265 $9,211 $708 $48,175 Savings and interest-checking deposits29,862 51,464 7,513 6,572 95,411 Time deposits389 15,248 40 4,515 20,192 Total$43,242 $91,977 $16,764 $11,795 $163,778 

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Funding activities - borrowings

The following table summarizes the average balances utilized from the Company's short-term and long-term borrowing facilities and note programs.

AVERAGE BORROWINGS

Three Months EndedSix Months Ended(Dollars in millions)June 30,2025March 31,2025June 30,2025June 30,2024Short-term borrowings:Federal funds purchased and repurchase agreements$199 $86 $143 $299 FHLB advances3,128 2,783 2,957 5,296 Total short-term borrowings3,327 2,869 3,100 5,595 Long-term borrowings:Senior notes8,066 8,135 8,100 6,753 FHLB advances4 671 335 1,664 Subordinated notes500 500 500 976 Junior subordinated debentures402 410 406 541 Asset-backed notes1,954 1,559 1,758 687 Other10 10 10 10 Total long-term borrowings10,936 11,285 11,109 10,631 Total borrowings$14,263 $14,154 $14,209 $16,226 

The Company uses borrowing capacity from banks, the FHLBs, the FRB of New York and others as sources of funding. Short-term borrowings represent arrangements that at the time they were entered into had a contractual maturity of one year or less. Average short-term borrowings in the second quarter of 2025 as compared with the first quarter of 2025 were modestly higher. The lower levels of average short-term borrowings for the six