Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 48

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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Financial assets:Cash and cash equivalents$1,950 $1,950 $1,811 $139 $— Interest-bearing deposits at banks16,751 16,751 — 16,751 — Investment securities held to maturity12,711 11,924 — 11,879 45 Loans, net134,813 134,595 — 7,113 127,482 Financial liabilities:Time deposits13,620 13,591 — 13,591 — Short-term borrowings2,059 2,059 — 2,059 — Long-term borrowings12,928 13,163 — 13,163 — 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 loan origination, deposit gathering or fee generating