Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 138

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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ortgage-backed securities:Government issued or guaranteed:Commercial2,034 — 157 1,877 Residential8,773 — 961 7,812 Privately issued37 9 — 46 State and political subdivisions2,335 — 117 2,218 Other 1 — — 1 14,195 9 1,249 12,955 Total debt securities$33,249 $43 $1,488 $31,804 Equity and other securities:Readily marketable equity — at fair value$235 $3 $3 $235 Other — at cost772 — — 772 Total equity and other securities$1,007 $3 $3 $1,007 __________________________________________________________________________________(a)Amortized cost balances of debt securities exclude accrued interest receivable of $176 million at each of September 30, 2025 and December 31, 2024, which is included in Accrued interest and other assets in the Company's Consolidated Balance Sheet. 

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3. Investment securities, continued

A summary of debt investment securities that as of September 30, 2025 and December 31, 2024 had been in a continuous unrealized loss position for less than twelve months and those that had been in a continuous unrealized loss position for twelve months or longer follows:Less Than 12 Months12 Months or More(Dollars in millions)FairValueUnrealizedLossesFairValueUnrealizedLossesSeptember 30, 2025Investment securities available for sale:U.S. Treasury$— $— $247 $3 Mortgage-backed securities:Government issued or guaranteed:Commercial135 — 323 2 Residential458 2 1,442 66 Other 1 — — — 594 2 2,012 71 Investment securities held to maturity:U.S. Treasury — — 438 6 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,943 77 Residential83 1 6,513 661 Privately issued2 — — — State and political subdivisions9 — 1,916 61 94 1 10,810 805 Total$688 $3 $12,822 $876