Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 17

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 as of March 31, 2025 and December 31, 2024 had been in a continuous unrealized loss position for less than twelve months and those that had been in a continuous unrealized loss position for twelve months or longer follows:Less Than 12 Months12 Months or More(Dollars in millions)FairValueUnrealizedLossesFairValueUnrealizedLossesMarch 31, 2025Investment securities available for sale:U.S. Treasury$814 $1 $2,014 $10 Mortgage-backed securities:Government issued or guaranteed:Commercial1,362 11 26 — Residential1,349 10 1,548 89 Other 1 — 2 — 3,526 22 3,590 99 Investment securities held to maturity:U.S. Treasury 50 — 382 10 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,921 114 Residential764 5 6,761 795 State and political subdivisions40 1 2,070 127 854 6 11,134 1,046 Total$4,380 $28 $14,724 $1,145 December 31, 2024Investment securities available for sale:U.S. Treasury $1,971 $9 $2,554 $18 Mortgage-backed securities:Government issued or guaranteed:Commercial2,566 45 64 — Residential4,429 53 1,623 114 Other — — 2 — 8,966 107 4,243 132 Investment securities held to maturity:U.S. Treasury 50 — 951 14 Mortgage-backed securities:Government issued or guaranteed:Commercial— — 1,877 157 Residential996 19 6,811 942 State and political subdivisions39 1 2,131 116 1,085 20 11,770 1,229 Total$10,051 $127 $16,013 $1,361 

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2. Investment securities, continued

The Company owned 3,597 individual debt securities with aggregate gross unrealized losses of $1.2 billion at March 31, 2025. Based on a review of each of the securities