Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 127

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 127
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 reportable segment for the years ended December 31, 2024, 2023 and 2022.

Table 12

AVERAGE DEPOSITS BY REPORTABLE SEGMENT

(Dollars in millions)Commercial BankRetail BankInstitutional Services andWealth ManagementAll OtherTotal2024Noninterest-bearing deposits$12,478 $24,938 $9,168 $676 $47,260 Savings and interest-checking deposits31,509 51,629 8,071 6,615 97,824 Time deposits372 14,709 42 3,216 18,339 Total$44,359 $91,276 $17,281 $10,507 $163,423 2023Noninterest-bearing deposits$17,173 $28,399 $9,224 $678 $55,474 Savings and interest-checking deposits24,908 53,097 7,116 4,368 89,489 Time deposits338 9,970 21 6,802 17,131 Total$42,419 $91,466 $16,361 $11,848 $162,094 2022Noninterest-bearing deposits$26,084 $30,274 $11,676 $854 $68,888 Savings and interest-checking deposits17,555 56,182 7,668 3,348 84,753 Time deposits189 4,399 12 250 4,850 Total$43,828 $90,855 $19,356 $4,452 $158,491 

67

Funding activities - borrowings

Table 13 summarizes the average balances utilized from the Company's short-term and long-term borrowing facilities and note programs. 

Table 13

AVERAGE BORROWINGS

(Dollars in millions)202420232022Short-term borrowings:Federal funds purchased and repurchase agreements$230 $430 $368 FHLB advances4,210 5,328 309  Other— — 259 Total short-term borrowings4,440 5,758 936 Long-term borrowings:Senior notes6,984 5,569 2,027 FHLB advances1,835 5 6 Subordinated notes771 982 863 Junior sub