Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 156

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 often determined using model-based techniques incorporating various assumptions including interest rates, prepayment speeds and credit losses. Assets and liabilities valued using model-based techniques are classified as either Level 2 or Level 3, depending on the lowest level classification of an input that is considered significant to the overall valuation. A description of the valuation methodologies used for the Company's assets and liabilities that are measured on a recurring basis at estimated fair value is included in note 19 of Notes to Financial Statements in M&T's 2024 Annual Report.

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12. Fair value measurements, continued

The following tables present assets and liabilities at March 31, 2025 and December 31, 2024 measured at estimated fair value on a recurring basis:(Dollars in millions)Fair Value MeasurementsLevel 1Level 2Level 3 (a)March 31, 2025    Trading account$96 $96 $— $— Investment securities available for sale:   U.S. Treasury8,085 — 8,085 — Mortgage-backed securities:    Government issued or guaranteed:   Commercial4,340 — 4,340 — Residential8,370 — 8,370 — Other4 — 4 —  20,799 — 20,799 — Equity securities280 280 — — Real estate loans held for sale371 — 371 — Other assets (b)239 — 236 3 Total assets$21,785 $376 $21,406 $3 Other liabilities (b)$632 $— $632 $— Total liabilities$632 $— $632 $— 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