Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 47

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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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 — 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 24% at March 31, 2025 and 6% at December