Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 16

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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877 Residential8,773 — 961 7,812 Privately issued37 9 — 46 State and political subdivisions2,335 — 117 2,218 Other 1 — — 1 14,195 9 1,249 12,955 Total debt securities$33,249 $43 $1,488 $31,804 Equity and other securities:Readily marketable equity — at fair value$235 $3 $3 $235 Other — at cost772 — — 772 Total equity and other securities$1,007 $3 $3 $1,007 __________________________________________________________________________________(a)Amortized cost balances of debt securities exclude accrued interest receivable of $168 million and $176 million at March 31, 2025 and December 31, 2024, respectively, which is included as Accrued interest and other assets in the Company's Consolidated Balance Sheet.

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2. Investment securities, continued

 There were no significant gross realized gains or losses from sales of investment securities for the three-month periods ended March 31, 2025 and 2024. Unrealized gains or losses on equity securities are included in Gain (loss) on bank investment securities in the Consolidated Statement of Income.At March 31, 2025, the amortized cost and estimated fair value of debt securities by contractual maturity were as follows:(Dollars in millions)AmortizedCostEstimatedFair ValueDebt securities available for sale:Due in one year or less$3,155 $3,154 Due after one year through five years4,914 4,935 Due after five years through ten years— — Due after ten years— — 8,069 8,089 Mortgage-backed securities12,738 12,710 $20,807 $20,799 Debt securities held to maturity:Due in one year or less$76 $76 Due after one year through five years614 601 Due after five years through ten years1,459 1,396 Due after ten years585 523 2,734 2,596 Mortgage-backed securities10,618 9,712 $13,352 $12,308 

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2. Investment securities, continued

A summary of investment securities that