Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 82

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 information and considers recent charge-off experience. When evaluating individual home equity loans and lines of credit for charge-off and for purposes of determining the allowance for credit losses, the Company considers the required repayment of any first lien positions related to collateral property. Information about the location of nonaccrual loans secured by residential real estate at March 31, 2025 is presented in the following table.

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NONACCRUAL LOANS SECURED BY RESIDENTIAL REAL ESTATE

March 31, 2025Nonaccrual(Dollars in millions)Outstanding BalancesBalancesPercent of Outstanding BalancesResidential mortgage loans (a):New York$6,845 $117 1.70 %Mid-Atlantic (b)7,309 90 1.24 New England (c)6,088 53 .87 Other3,042 24 .78 Total$23,284 $284 1.22 %First lien home equity loans and lines of credit:New York$750 $13 1.81 %Mid-Atlantic (b)885 19 2.20 New England (c)424 5 1.13 Other17 3 16.27 Total$2,076 $40 1.95 %Junior lien home equity loans and lines of credit:New York$835 $15 1.77 %Mid-Atlantic (b)998 17 1.66 New England (c)619 6 .99 Other28 — .99 Total$2,480 $38 1.52 %__________________________________________________________________________________

(a)Includes $760 million of limited documentation first lien mortgage loans with nonaccrual loan balances totaling $56 million.

(b)Includes Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and the District of Columbia.

(c)Includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Factors that influence the Company’s credit loss experience include overall economic conditions affecting businesses and consumers, generally, but also residential and commercial real estate valuations, in particular, given the size of the Company’s real estate loan portfolios. Commercial real estate valuations can be highly subjective, as they are based upon many assumptions. Such valuations can be significantly affected over relatively short periods of time by changes in business climate, economic conditions, interest rates and, in many cases, the results of operations of businesses