Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 172

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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$— $554 $— Total liabilities$554 $— $554 $— December 31, 2024    Trading account$101 $101 $— $— Investment securities available for sale:    U.S. Treasury7,931 — 7,931 — Mortgage-backed securities:    Government issued or guaranteed:    Commercial3,702 — 3,702 — Residential7,214 — 7,214 — Other 2 — 2 —  18,849 — 18,849 — Equity securities235 235 — — Real estate loans held for sale521 — 521 — Other assets (b)255 — 251 4 Total assets$19,961 $336 $19,621 $4 Other liabilities (b)$822 $— $790 $32 Total liabilities$822 $— $790 $32 __________________________________________________________________________________(a)Significant unobservable inputs used in the fair value measurement of certain commitments to originate real estate loans held for sale included weighted-average commitment expirations of 30% at June 30, 2025 and 6% at December 31, 2024. An increase (decrease) in the estimate of expirations for commitments to originate real estate loans would generally result in a lower (higher) fair value measurement. Estimated commitment expirations are derived considering loan type, changes in interest rates and remaining length of time until closing.(b)Comprised predominantly of interest rate swap agreements used for interest rate risk management (Level 2), interest rate and foreign exchange contracts not designated as hedging instruments (Level 2), commitments to sell real estate loans (Level 2) and commitments to originate real estate loans to be held for sale (Level 2 and Level 3).

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13. Fair value measurements, continued

The Company is required, on a nonrecurring basis, to adjust the carrying value of certain assets or provide valuation allowances related to certain assets using fair value measurements. The more significant of those assets follow.LoansLoans subject to nonrecurring fair value measurement were $644 million at June 30, 2025 ($166 million and $478 million of which were classified as Level 2 and Level 3, respectively), $847 million at December