Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 46

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 3 June 30, 2025Financial assets:Cash and cash equivalents$2,128 $2,128 $1,985 $143 $— Interest-bearing deposits at banks19,297 19,297 — 19,297 — Investment securities held to maturity13,024 12,073 — 12,028 45 Loans, net133,919 133,683 — 6,811 126,872 Financial liabilities:Time deposits14,094 14,055 — 14,055 — Short-term borrowings2,071 2,071 — 2,071 — Long-term borrowings12,380 12,552 — 12,552 — December 31, 2024Financial assets:Cash and cash equivalents1,909 1,909 1,749 160 — Interest-bearing deposits at banks18,873 18,873 — 18,873 — Investment securities held to maturity14,195 12,955 — 12,909 46 Loans, net133,397 131,334 — 6,806 124,528 Financial liabilities:Time deposits14,476 14,463 — 14,463 — Short-term borrowings1,060 1,060 — 1,060 — Long-term borrowings12,605 12,754 — 12,754 — 

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13. Fair value measurements, continued

With the exception of marketable securities and mortgage loans originated for sale, the Company’s financial instruments presented in the preceding tables are not readily marketable and market prices do not exist. Generally, the Company has not attempted to market its financial instruments to potential buyers, if any exist. Since negotiated prices in illiquid markets depend greatly upon the then present motivations of the buyer and seller, it is reasonable to assume that actual sales prices could vary widely from any estimate of fair value made without the benefit of negotiations. Additionally, changes in market interest rates can dramatically impact the value of financial instruments in a short period of time. The Company does not believe that the estimated information presented herein is representative of the earnings power or value of the Company. The preceding analysis, which is inherently limited in depicting fair value, also does not consider any value associated with existing customer relationships nor the ability of the Company to create value through