Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 160

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 160
---
647 $794 $34 $1 $14,476 Short-term borrowings1,060 — — — 1,060 Long-term borrowings3,270 2,087 3,255 3,993 12,605 Operating leases160 262 165 182 769 Other322 250 24 86 682 Total$18,459 $3,393 $3,478 $4,262 $29,592 Other commitments:Commitments to extend credit (a)$21,743 $14,168 $8,916 $4,841 $49,668 Standby letters of credit 1,353 665 206 36 2,260 Commercial letters of credit10 48 — — 58 Financial guarantees and    indemnification contracts214 651 1,202 2,268 4,335 Commitments to sell    real estate loans947 186 9 — 1,142 Total$24,267 $15,718 $10,333 $7,145 $57,463 

__________________________________________________________________________________ 

(a)Amounts exclude discretionary funding commitments to commercial customers of $12.7 billion that the Company has the unconditional right to cancel prior to funding.

Table 37 provides the maturity of time deposits over $250,000 as of December 31, 2024.

Table 37

MATURITY OF TIME DEPOSITS WITH BALANCES OVER $250,000

(Dollars in millions)December 31,20243 months or less$1,051 Over 3 through 6 months1,114 Over 6 through 12 months585 Over 12 months70 Total$2,820 

The Company's Executive ALCO Committee closely monitors the Company’s liquidity position on an ongoing basis for compliance with internal policies and regulatory expectations. As a Category IV institution, the Company adheres to enhanced liquidity standards which require the performance of internal liquidity stress testing. The stress testing is designed to ensure the Company has sufficient liquidity to withstand both institution-specific and market-wide stress scenarios. For each scenario, the Company applies liquidity stress which may include deposit run-off, increased draws on unfunded loan commitments, increased collateral need for margin calls, increased haircuts on investment security-based funding and reductions in unsecured and secured borrowing capacity. Stress scenarios are measured over various