Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 19

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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399 $12 $696 $61,481 Real estate:   Commercial (c)20,054 255 3 468 20,780 Residential builder and developer830 3 — 2 835 Other commercial construction5,018 65 — 66 5,149 Residential (e)21,853 719 315 279 23,166 Consumer:   Home equity lines and loans4,482 29 — 81 4,592 Recreational finance12,429 104 — 31 12,564 Automobile4,724 58 — 12 4,794 Other2,134 23 8 55 2,220 Total$131,898 $1,655 $338 $1,690 $135,581 __________________________________________________________________________________(a)Balances include net discounts, comprised of unamortized premiums, discounts and net deferred loan fees and costs of $265 million and $277 million at March 31, 2025 and December 31, 2024, respectively.(b)Balances exclude accrued interest receivable of $603 million and $628 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.(c)Commercial real estate loans held for sale were $192 million at March 31, 2025 and $310 million at December 31, 2024.(d)Residential builder and developer loans held for sale were $693 million at March 31, 2025.(e)One-to-four family residential mortgage loans held for sale were $179 million at March 31, 2025 and $211 million at December 31, 2024.

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3. Loans and leases and allowance for credit losses, continued

The amount of foreclosed property held by the Company, predominantly consisting of residential real estate, was $34 million and $35 million at March 31, 2025 and December 31, 2024, respectively. There were $177 million and $173 million at March 31, 2025 and December 31, 2024, respectively, of loans secured by residential real estate that were in the process of foreclosure. Of all loans in the process of foreclosure at March 31, 2025, approximately