Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 140

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 140
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rual 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 December 31, 2024 is presented in Table 21.

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Table 21

NONACCRUAL LOANS SECURED BY RESIDENTIAL REAL ESTATE

December 31, 2024Nonaccrual (Dollars in millions)OutstandingBalancesBalancesPercent ofOutstandingBalancesResidential mortgage loans (a):New York$6,898 $120 1.74 %Mid-Atlantic (b)7,229 84 1.16 New England (c)6,090 53 .87 Other2,949 22 .76 Total$23,166 $279 1.20 %First lien home equity loans and lines of credit:New York$769 $15 1.92 %Mid-Atlantic (b)908 21 2.33 New England (c)435 5 1.26 Other15 3 17.06 Total$2,127 $44 2.07 %Junior lien home equity loans and lines of credit:New York$828 $15 1.76 %Mid-Atlantic (b)984 15 1.53 New England (c)622 7 1.15 Other31 — .85 Total$2,465 $37 1.50 %

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(a)Includes $791 million of limited documentation first lien mortgage loans with nonaccrual loan balances totaling $59 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