Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 191

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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 no longer originates limited documentation loans. With respect to junior lien loans, to the extent known by the Company, if a related senior lien loan would be on nonaccrual status because of payment delinquency, even if such senior lien loan was not owned by the Company, the junior lien loan or line that is owned by the Company is placed on nonaccrual status. In monitoring the credit quality of its home equity portfolio for purposes of determining the allowance for credit losses, the Company reviews delinquency and nonaccrual information and considers recent charge-off experience. When evaluating individual home equity loans and lines of credit for charge-off and for purposes of determining the allowance for credit losses, the Company considers the required repayment of any first lien positions related to collateral property. Information about the location of nonaccrual loans secured by residential real estate at March 31, 2025 is presented in the following table.

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NONACCRUAL LOANS SECURED BY RESIDENTIAL REAL ESTATE

March 31, 2025Nonaccrual(Dollars in millions)Outstanding BalancesBalancesPercent of Outstanding BalancesResidential mortgage loans (a):New York$6,845 $117 1.70 %Mid-Atlantic (b)7,309 90 1.24 New England (c)6,088 53 .87 Other3,042 24 .78 Total$23,284 $284 1.22 %First lien home equity loans and lines of credit:New York$750 $13 1.81 %Mid-Atlantic (b)885 19 2.20 New England (c)424 5 1.13 Other17 3 16.27 Total$2,076 $40 1.95 %Junior lien home equity loans and lines of credit:New York$835 $15 1.77 %Mid-Atlantic (b)998 17 1.66 New England (c)619 6 .99 Other28 — .99 Total$2,480 $38 1.52 %__________________________________________________________________________________

(a)Includes $760 million of limited documentation first lien mortgage loans with nonaccrual loan balances totaling $56 million.

(b)Includes Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and the District of Columbia.

(c)Includes Connecticut, Maine, Massachusetts