Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 133

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 133
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$2,439 Real estate and other foreclosed assets35 39 41 Total nonperforming assets$1,725 $2,205 $2,480 Accruing loans past due 90 days or more (a)$338 $339 $491 Government-guaranteed loans included in totals above:Nonaccrual loans$69 $53 $44 Accruing loans past due 90 days or more (a)318 298 363 Loans 30-89 days past due1,655 1,724 1,779 Nonaccrual loans as a percent of total loans and leases1.25 %1.62 %1.85 %Nonperforming assets as a percent of total loans and    leases and real estate and other foreclosed assets1.27 1.64 1.88 Accruing loans past due 90 days or more as a percent of   total loans and leases.25 .25 .37 Loans 30-89 days past due as a percent of total loans and leases1.22 1.29 1.35 

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(a)Predominantly government-guaranteed residential real estate loans.

The $476 million decline in nonaccrual loans in the recent year reflects a $507 million reduction in commercial real estate nonaccrual loans, partially offset by a $26 million increase in commercial and industrial nonaccrual loans. Approximately 53% of nonaccrual commercial and industrial and commercial real estate loans were considered current with respect to their payment status at each of December 31, 2024 and 2023.

At December 31, 2024, foreclosed assets were comprised predominantly of the Company's holding of residential real estate-related properties. Net gains or losses associated with real estate and other foreclosed assets were not material in 2024 and 2023.

Government-guaranteed loans designated as accruing loans past due 90 days or more included one-to-four family residential mortgage loans serviced by the Company that were repurchased to reduce associated servicing costs, including a requirement to advance principal and interest payments that had not been received from individual mortgagors. Despite the loans being purchased by the Company, the insurance or guarantee by the applicable government-related entity remains in force. The outstanding principal balances of the repurchased loans included in the amounts noted herein that are guaranteed by government-related entities