Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 18

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 in the investment securities portfolio at March 31, 2025, the Company concluded that it expected to recover the amortized cost basis of its investment. As of March 31, 2025, the Company does not intend to sell nor is it anticipated that it would be required to sell any of its impaired investment securities at a loss. At March 31, 2025, the Company has not identified events or changes in circumstances which may have a significant adverse effect on the fair value of the $706 million of cost method equity securities.The Company estimated no material allowance for credit losses for its investment securities classified as held-to-maturity at March 31, 2025 or December 31, 2024.At March 31, 2025 and December 31, 2024, investment securities with carrying values of $6.1 billion (including $71 million related to repurchase transactions) and $6.2 billion (including $71 million related to repurchase transactions), respectively, were pledged to secure borrowings, lines of credit and governmental deposits.

3. Loans and leases and allowance for credit losses

A summary of current, past due and nonaccrual loans as of March 31, 2025 and December 31, 2024 follows:(Dollars in millions)Current30-89 Days Past DueAccruing Loans Past Due 90 Days or MoreNonaccrualTotal (a) (b)March 31, 2025Commercial and industrial$59,671 $256 $7 $662 $60,596 Real estate:   Commercial (c)19,351 351 — 394 20,096 Residential builder and developer (d)819 6 — 1 826 Other commercial construction4,867 50 — 28 4,945 Residential (e)22,053 579 368 284 23,284 Consumer:   Home equity lines and loans4,450 28 — 78 4,556 Recreational finance12,794 93 — 26 12,913 Automobile5,064 52 — 11 5,127 Other2,134 32 9 56 2,231 Total$131,203 $1,447 $384 $1,540 $134,574 December 31, 2024Commercial and industrial$60,374 $