-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G4CXbyCzuREZaxBaJdhhyfdEImf5m6wQoBhdiEo53QA1PG387FOeVSVzHc2uihVC /BmVJL9s0neFOJL5op2taQ== 0000950123-09-040810.txt : 20090903 0000950123-09-040810.hdr.sgml : 20090903 20090903154049 ACCESSION NUMBER: 0000950123-09-040810 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 31 CONFORMED PERIOD OF REPORT: 20090630 FILED AS OF DATE: 20090903 DATE AS OF CHANGE: 20090903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: M&T BANK CORP CENTRAL INDEX KEY: 0000036270 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 160968385 STATE OF INCORPORATION: NY FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-09861 FILM NUMBER: 091053625 BUSINESS ADDRESS: STREET 1: C/O CORPORATE REPORTING STREET 2: ONE M&T PLAZA 5TH FLOOR CITY: BUFFALO STATE: NY ZIP: 14203 BUSINESS PHONE: 7168425390 MAIL ADDRESS: STREET 1: C/O CORPORAE REPORTING STREET 2: ONE M&T PLAZA 5TH FLR CITY: BUFFALO STATE: NY ZIP: 14203 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EMPIRE STATE CORP DATE OF NAME CHANGE: 19920703 10-Q/A 1 l37181ae10vqza.htm FORM 10-Q/A FORM 10-Q/A
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A

(Amendment No. 1)
     
þ   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2009
or
     
o   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 1-9861
M&T BANK CORPORATION
(Exact name of registrant as specified in its charter)
     
New York
(State or other jurisdiction of
incorporation or organization)
  16-0968385
(I.R.S. Employer
Identification No.)
     
One M & T Plaza
Buffalo, New York
(Address of principal
  14203
(Zip Code)
executive offices)    
(716) 842-5445
(Registrant’s telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. þ Yes o No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). þ Yes o No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
             
Large accelerated filer þ   Accelerated filer o   Non-accelerated filer o   Smaller reporting company o
        (Do not check if a smaller reporting company)    
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes þ No
Number of shares of the registrant’s Common Stock, $0.50 par value, outstanding as of the close of business on July 24, 2009: 117,956,043 shares.
 
 

 


TABLE OF CONTENTS

Item 6. Exhibits
SIGNATURES
EXHIBIT INDEX
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT


Table of Contents

Explanatory Note
The purpose of this Amendment No. 1 to the M&T Bank Corporation (“M&T”) Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009, filed with the Securities and Exchange Commission on August 4, 2009, is to furnish Exhibit 101 to the Form 10-Q, as required by Rule 405 of Regulation S-T. Exhibit 101 contains information from M&T’s Form 10-Q formatted in Extensible Business Reporting Language (“XBRL”).
Users of this data are advised pursuant to Rule 401 of Regulation S-T that the information contained in the XBRL documents is unaudited and these are not the official publicly filed financial statements of M&T. Investors should continue to rely of the official filed version of the Form 10-Q in making investment decisions. No other changes have been made to the Form 10-Q. This Form 10-Q/A Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Form 10-Q or modify or update any disclosures made in the Form 10-Q.
Users of this data are advised that pursuant to Rule 406T of Regulation S-T these interactive data files included in Exhibit 101 are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
Item 6. Exhibits.
     
Exhibit    
No.    
 
   
3.1*
  Restated Certificate of Incorporation of M&T Bank Corporation dated May 22, 2009. Incorporated by reference to Exhibit 3.1 to the Form 8-K dated May 28, 2009 (File No. 1-9861).
 
   
31.1*
  Certification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
31.2*
  Certification of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
32.1*
  Certification of Chief Executive Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
32.2*
  Certification of Chief Financial Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
101.INS**
  XBRL Instance Document
 
   
101.SCH**
  XBRL Taxonomy Extension Schema
 
   
101.CAL**
  XBRL Taxonomy Extension Calculation Linkbase
 
   
101.LAB**
  XBRL Taxonomy Extension Label Linkbase
 
   
101.PRE**
  XBRL Taxonomy Extension Presentation Linkbase
 
   
101.DEF**
  XBRL Taxonomy Definition Linkbase
 
*   Filed with M&T’s Form 10-Q as filed on August 4, 2009 or incorporated by reference.
 
**   Furnished with this Form 10-Q/A Amendment No. 1.

2


Table of Contents

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
    M&T BANK CORPORATION
 
 
Date: September 3, 2009  By:   /s/ René F. Jones    
    René F. Jones   
    Executive Vice President
and Chief Financial Officer 
 
 
EXHIBIT INDEX
     
Exhibit    
No.   Description
 
   
3.1*
  Restated Certificate of Incorporation of M&T Bank Corporation dated May 22, 2009. Incorporated by reference to Exhibit 3.1 to the Form 8-K dated May 28, 2009 (File No. 1-9861).
 
   
31.1*
  Certification of Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
31.2*
  Certification of Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
32.1*
  Certification of Chief Executive Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
32.2*
  Certification of Chief Financial Officer under 18 U.S.C. §1350 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
 
   
101.INS**
  XBRL Instance Document
 
   
101.SCH**
  XBRL Taxonomy Extension Schema
 
   
101.CAL**
  XBRL Taxonomy Extension Calculation Linkbase
 
   
101.LAB**
  XBRL Taxonomy Extension Label Linkbase
 
   
101.PRE**
  XBRL Taxonomy Extension Presentation Linkbase
 
   
101.DEF**
  XBRL Taxonomy Definition Linkbase
 
*   Filed with M&T’s Form 10-Q as filed on August 4, 2009 or incorporated by reference.
 
**   Furnished with this Form 10-Q/A Amendment No. 1.

3

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Under the Federal Reserve Board&#8217;s current risk-based capital guidelines, the Capital Securities are includable in M&#038;T&#8217;s Tier 1 capital. As a result of the acquisition of Provident, M&#038;T assumed $133&#160;million of Junior Subordinated Debentures that mature at various dates from 2028 to 2033. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Holders of the Capital Securities receive preferential cumulative cash distributions unless M&#038;T exercises its right to extend the payment of interest on the Junior Subordinated Debentures as allowed by the terms of each such debenture, in which case payment of distributions on the respective Capital Securities will be deferred for comparable periods. During an extended interest period, M&#038;T may not pay dividends or distributions on, or repurchase, redeem or acquire any shares of its capital stock. In the event of an extended interest period exceeding twenty quarterly periods for $350&#160;million of Junior Subordinated Debentures due January&#160;31, 2068, M&#038;T must fund the payment of accrued and unpaid interest through an alternative payment mechanism, which requires M&#038;T to issue common stock, non-cumulative perpetual preferred stock or warrants to purchase common stock until M&#038;T has raised an amount of eligible proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Junior Subordinated Debentures due January&#160;31, 2068. In general, the agreements governing the Capital Securities, in the aggregate, provide a full, irrevocable and unconditional guarantee by M&#038;T of the payment of distributions on, the redemption of, and any liquidation distribution with respect to the Capital Securities. The obligations under such guarantee and the Capital Securities are subordinate and junior in right of payment to all senior indebtedness of M&#038;T. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Capital Securities will remain outstanding until the Junior Subordinated Debentures are repaid at maturity, are redeemed prior to maturity or are distributed in liquidation to the Trusts. 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In 2009, the Company issued stock-based compensation awards in the form of restricted stock and restricted stock units, which, according to the FASB, are considered participating securities. Beginning in 2009, the Company&#8217;s earnings per common share are calculated using the two-class method. The effects of the application of the two-class method to previously reported earnings per common share amounts were immaterial. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Stock-based compensation awards and warrants to purchase common stock of M&#038;T representing approximately 15.0&#160;million and 9.1&#160;million common shares during the three-month periods ended June 30, 2009 and 2008, respectively, and 15.0&#160;million and 8.9&#160;million common shares during the six-month periods ended June&#160;30, 2009 and 2008, respectively, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> </div> </body> </html> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 8 - us-gaap:ComprehensiveIncomeNoteTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>8. 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margin-top: 12pt"><b>9. Derivative financial instruments</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As part of managing interest rate risk, the Company enters into interest rate swap agreements to modify the repricing characteristics of certain portions of the Company&#8217;s portfolios of earning assets and interest-bearing liabilities. The Company designates interest rate swap agreements utilized in the management of interest rate risk as either fair value hedges or cash flow hedges. Interest rate swap agreements are generally entered into with counterparties that meet established credit standards and most contain master netting and collateral provisions protecting the at-risk party. Based on adherence to the Company&#8217;s credit standards and the presence of the netting and collateral provisions, the Company believes that the credit risk inherent in these contracts is not significant as of June&#160;30, 2009. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The net effect of interest rate swap agreements was to increase net interest income by $10 million and $5&#160;million for the three months ended June&#160;30, 2009 and 2008, respectively, and $17 million and $6&#160;million for the six months ended June&#160;30, 2009 and 2008, respectively. 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The Company designates certain of the commitments to sell real estate loans as fair value hedges of real estate loans held for sale. Changes in unrealized gains and losses are included in mortgage banking revenues and, in general, are realized in subsequent periods as the related loans are sold and commitments satisfied. For the three months ended June&#160;30, 2009, net unrealized pre-tax gains of $26,546,000 related to commitments to sell real estate loans, net unrealized pre-tax losses of $12,361,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $13,367,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. For the three months ended June&#160;30, 2008, net unrealized pre-tax gains of $10,553,000 related to commitments to sell real estate loans, net unrealized pre-tax losses of $4,009,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $11,592,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. For the six months ended June&#160;30, 2009, net unrealized pre-tax gains of $25,611,000 related to commitments to sell real estate loans, net unrealized pre-tax gains of $1,410,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $11,610,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. 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If quoted market prices in active markets are not available, fair value is often determined using model-based techniques incorporating various assumptions including interest rates, prepayment speeds and credit losses. Assets and liabilities valued using model-based techniques are classified as either Level 2 or Level 3, depending on the lowest level classification of an input that is considered significant to the overall valuation. The following is a description of the valuation methodologies used for the Company&#8217;s assets and liabilities that are measured on a recurring basis at estimated fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Trading account assets and liabilities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Trading account assets and liabilities consist primarily of interest rate swap agreements and foreign exchange contracts with customers who require such services with offsetting trading positions with third parties to minimize the Company&#8217;s risk with respect to such transactions. The Company generally determines the fair value of its derivative trading account assets and liabilities using externally developed pricing models based on market observable inputs and therefore classifies such valuations as Level 2. Prices for certain foreign exchange contracts are more observable and therefore have been classified as Level 1. Mutual funds held in connection with deferred compensation arrangements have also been classified as Level 1 valuations. Valuations of investments in municipal and other bonds can generally be obtained through reference to quoted prices in less active markets for the same or similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Investment securities available for sale</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The majority of the Company&#8217;s available-for-sale investment securities have been valued by reference to prices for similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. Certain investments in mutual funds and equity securities are actively traded and therefore have been classified as Level 1 valuations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Due to the severe disruption in the credit markets during the second half of 2008 and continuing into 2009, trading activity in privately issued mortgage-backed securities was very limited. The markets for such securities were generally characterized by a sharp reduction of non-agency mortgage-backed securities issuances, a significant reduction in trading volumes and extremely wide bid-ask spreads, all driven by the lack of market participants. Although estimated prices were generally obtained for such securities, the Company was significantly restricted in the level of market observable assumptions used in the valuation of its privately issued mortgage-backed securities portfolio. Specifically, market assumptions regarding credit adjusted cash flows and liquidity influences on discount rates were difficult to observe at the individual bond level. Because of the inactivity in the markets and the lack of observable valuation inputs, the Company has classified the valuation of privately issued mortgage-backed securities as Level 3. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;In April&#160;2009, the FASB issued FASB Staff Position No.&#160;157-4, &#8220;Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly&#8221; (&#8220;FSP 157-4&#8221;). FSP 157-4 provided guidance for estimating fair value when the volume and level of trading activity for an asset or liability have significantly decreased. The Company has concluded that there has been a significant decline in the volume and level of activity in the market for privately issued mortgage-backed securities. As a result, the Company supplemented its determination of fair value for many of its privately issued mortgage-backed securities by obtaining pricing indications from two independent sources at June&#160;30, 2009. The Company further ascertained that many of the recently observable trades in the market for privately issued residential mortgage-backed securities could not be determined to be orderly. As a result, the Company also performed internal modeling to estimate the cash flows and fair value of 149 of its privately issued residential mortgage-backed securities with an amortized cost basis of $2.2 billion at June&#160;30, 2009. The Company&#8217;s internal modeling techniques included discounting estimated bond-specific cash flows using assumptions about cash flows associated with loans underlying each of the bonds, including estimates about the timing and amount of credit losses and prepayments. In estimating those cash flows, the Company used conservative assumptions as to future delinquency, defaults and loss rates, including assumptions for further home price depreciation. Differences between internal model valuations and external pricing indications were generally considered to be reflective of the lack of liquidity in the market for privately issued mortgage-backed securities given the conservative nature of the cash flow modeling performed in the Company&#8217;s assessment of value. To determine the point within the range of potential values that was most representative of fair value under current market conditions for each of the 149 bonds, the Company computed values based on judgmentally applied weightings of the internal model valuations and the indications obtained from the average of the two independent pricing sources. Weightings applied to internal model valuations generally ranged from zero to 40% depending on bond structure and collateral type, with prices for bonds in non-senior tranches generally receiving lower weightings on the internal model results and senior bonds receiving a higher model weighting. Weighted-average reliance on internal model pricing for the bonds modeled was 36% with a 64% average weighting placed on the values provided by the independent sources. The Company concluded its estimate of fair value for the $2.2&#160;billion of privately issued residential mortgage-backed securities to approximate $1.7&#160;billion, which implies a weighted-average market yield based on reasonably likely cash flows of 12%. Other valuations of privately issued residential mortgage-backed securities with an amortized cost basis of $613&#160;million and fair value of $543 million, primarily comprised of retained securities from two non-recourse securitization transactions executed by the Company in 2002 and 2003, and other privately issued commercial mortgage-backed securities with an amortized cost basis of $37&#160;million and a fair value of $23 million were determined by reference to independent pricing sources without adjustment. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Included in other debt securities are securities backed by trust preferred securities issued by financial institutions and other entities. Given the severe disruption in the credit markets and lack of observable trade information, the Company could not obtain pricing indications for many of these securities from its two primary independent pricing sources. The Company, therefore, performed internal modeling to estimate the cash flows and fair value of its portfolio of securities backed by trust preferred securities at June&#160;30, 2009. The modeling techniques included discounting estimated cash flows using bond-specific assumptions about defaults, deferrals and prepayments of the trust preferred securities underlying each bond. The estimation of cash flows included conservative assumptions as to the future collateral defaults and the related loss severities. The resulting cash flows were then discounted by reference to market yields observed in the single-name trust preferred securities market. At June&#160;30, 2009, both the total amortized cost and fair value of securities backed by trust preferred securities issued by financial institutions and other entities was $112&#160;million. Privately issued mortgage-backed securities and securities backed by trust preferred securities issued by financial institutions and other entities constituted substantially all of the available for sale investment securities classified as Level 3 valuations as of June&#160;30, 2009. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Real estate loans held for sale</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company utilizes commitments to sell real estate loans to hedge the exposure to changes in fair value of real estate loans held for sale. The carrying value of hedged real estate loans held for sale includes changes in estimated fair value during the hedge period. Typically, the Company attempts to hedge real estate loans held for sale from the date of close through the sale date. The fair value of hedged real estate loans held for sale is generally calculated by reference to quoted prices in secondary markets for commitments to sell real estate loans with similar characteristics and, as such, have been classified as a Level 2 valuation. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Commitments to originate real estate loans for sale and commitments to sell real estate loans</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company enters into various commitments to originate real estate loans for sale and commitments to sell real estate loans. Such commitments are considered to be derivative financial instruments and, therefore, are carried at estimated fair value on the consolidated balance sheet. The estimated fair values of such commitments were generally calculated by reference to quoted prices in secondary markets for commitments to sell real estate loans to certain government-sponsored entities and other parties. The fair valuations of commitments to sell real estate loans generally result in a Level 2 classification. The estimated fair value of commitments to originate real estate loans for sale are adjusted to reflect the Company&#8217;s anticipated commitment expirations. Estimated commitment expirations are considered a significant unobservable input, which results in a Level 3 classification. The Company includes the expected net future cash flows related to the associated servicing of the loan in the fair value measurement of a derivative loan commitment. The estimated value ascribed to the expected net future servicing cash flows is also considered a significant unobservable input contributing to the Level 3 classification of commitments to originate real estate loans for sale. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Interest rate swap agreements used for interest rate risk management</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company utilizes interest rate swap agreements as part of the management of interest rate risk to modify the repricing characteristics of certain portions of its portfolios of earning assets and interest-bearing liabilities. The Company generally determines the fair value of its interest rate swap agreements using externally developed pricing models based on market observable inputs and therefore classifies such valuations as Level 2. 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text-indent:-15px">Interest rate swap agreements used for interest rate risk management </div></td> <td>&#160;</td> <td>&#160;</td> <td align="right">63,618</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td align="right">63,618</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td align="right">146,111</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td align="right">146,111</td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The following assumptions and methods or calculations were used in determining the estimated fair value of financial instruments not measured at fair value in the consolidated balance sheet. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Cash and cash equivalents, interest-bearing deposits at banks, short-term borrowings, accrued interest receivable and accrued interest payable</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Due to the nature of cash and cash equivalents and the near maturity of interest-bearing deposits at banks, short-term borrowings, accrued interest receivable and accrued interest payable, the Company estimated that the carrying amount of such instruments approximated estimated fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Agreements to resell securities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amounts assigned to agreements to resell securities were based on discounted calculations of projected cash flows. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Investment securities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Estimated fair values of investments in readily marketable securities were generally based on quoted market prices. Investment securities that were not readily marketable were assigned amounts based on estimates provided by outside parties or modeling techniques that relied upon discounted calculations of projected cash flows or, in the case of other investment securities, which include capital stock of the Federal Reserve Bank of New York and the Federal Home Loan Bank of New York, at an amount equal to the carrying amount. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Loans and leases</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In general, discount rates used to calculate values for loan products were based on the Company&#8217;s pricing at the respective period end and included appropriate adjustments for expected credit losses. A higher discount rate was assumed with respect to estimated cash flows associated with nonaccrual loans. Projected loan cash flows were adjusted for estimated credit losses. However, such estimates made by the Company may not be indicative of assumptions and adjustments that a purchaser of the Company&#8217;s loans and leases would seek. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Deposits</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to GAAP, the estimated fair value ascribed to noninterest-bearing deposits, savings deposits and NOW accounts must be established at carrying value because of the customers&#8217; ability to withdraw funds immediately. Time deposit accounts are required to be revalued based upon prevailing market interest rates for similar maturity instruments. As a result, amounts assigned to time deposits were based on discounted cash flow calculations using prevailing market interest rates based on the Company&#8217;s pricing at the respective date for deposits with comparable remaining terms to maturity. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Company believes that deposit accounts have a value greater than that prescribed by GAAP. The Company feels, however, that the value associated with these deposits is greatly influenced by characteristics of the buyer, such as the ability to reduce the costs of servicing the deposits and deposit attrition which often occurs following an acquisition. Accordingly, estimating the fair value of deposits with any degree of certainty is not practical. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Long-term borrowings</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amounts assigned to long-term borrowings were based on quoted market prices, when available, or were based on discounted cash flow calculations using prevailing market interest rates for borrowings of similar terms and credit risk. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Commitments to originate real estate loans for sale and commitments to sell real estate loans</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company enters into various commitments to originate real estate loans for sale and commitments to sell real estate loans. Such commitments are considered to be derivative financial instruments and, therefore, are carried at estimated fair value on the consolidated balance sheet. The estimated fair values of such commitments were generally calculated by reference to quoted market prices for commitments to sell real estate loans to certain government-sponsored entities and other parties. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Interest rate swap agreements used for interest rate risk management</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The estimated fair value of interest rate swap agreements used for interest rate risk management represents the amount the Company would have expected to receive or pay to terminate such agreements. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Other commitments and contingencies</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As described in note 11, in the normal course of business, various commitments and contingent liabilities are outstanding, such as loan commitments, credit guarantees and letters of credit. The Company&#8217;s pricing of such financial instruments is based largely on credit quality and relationship, probability of funding and other requirements. Loan commitments often have fixed expiration dates and contain termination and other clauses which provide for relief from funding in the event of significant deterioration in the credit quality of the customer. The rates and terms of the Company&#8217;s loan commitments, credit guarantees and letters of credit are competitive with other financial institutions operating in markets served by the Company. The Company believes that the carrying amounts, which are included in other liabilities, are reasonable estimates of the fair value of these financial instruments. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;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 activities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Many of the estimates presented herein are based upon the use of highly subjective information and assumptions and, accordingly, the results may not be precise. Management believes that fair value estimates may not be comparable between financial institutions due to the wide range of permitted valuation techniques and numerous estimates which must be made. Furthermore, because the disclosed fair value amounts were estimated as of the balance sheet date, the amounts actually realized or paid upon maturity or settlement of the various financial instruments could be significantly different. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> </div> </body> </html> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 11 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>11. 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Management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of litigation pending against M&#038;T or its subsidiaries will be material to the Company&#8217;s consolidated financial position, but at the present time is not in a position to determine whether such litigation will have a material adverse effect on the Company&#8217;s consolidated results of operations in any future reporting period. </div> </div> </body> </html> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 12 - us-gaap:SegmentReportingDisclosureTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>12. Segment information</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Reportable segments have been determined based upon the Company&#8217;s internal profitability reporting system, which is organized by strategic business unit. Certain strategic business units have been combined for segment information reporting purposes where the nature of the products and services, the type of customer and the distribution of those products and services are similar. The reportable segments are Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The financial information of the Company&#8217;s segments was compiled utilizing the accounting policies described in note 22 to the Company&#8217;s consolidated financial statements as of and for the year ended December&#160;31, 2008. 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Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit)&#160;based on the Company&#8217;s internal funds transfer and allocation methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $5,214,000 and $5,851,000 for the three-month periods ended June&#160;30, 2009 and 2008, respectively, and $10,147,000 and $11,634,000 for the six-month periods ended June&#160;30, 2009 and 2008, respectively, and is eliminated in &#8220;All Other&#8221; total revenues. Intersegment revenues are included in total revenues of the reportable segments. The elimination of intersegment revenues is included in the determination of &#8220;All Other&#8221; total revenues.</td> </tr> </table> </div> </body> </html> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 13 - mtb:RelationshipWithOtherEntitiesTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>13. Relationship with Bayview Lending Group LLC and Bayview Financial Holdings, L.P.</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In 2007 M&#038;T invested $300&#160;million to acquire a 20% minority interest in Bayview Lending Group LLC (&#8220;BLG&#8221;), a privately-held company that, together with its affiliates, specializes in originating, securitizing and servicing small balance commercial real estate loans. M&#038;T recognizes income from BLG using the equity method of accounting. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Bayview Financial Holdings, L.P. (together with its affiliates, &#8220;Bayview Financial&#8221;), a privately-held specialty mortgage finance company, is BLG&#8217;s majority investor. In addition to their common investment in BLG, the Company and Bayview Financial conduct other business activities with each other. The Company has purchased loan servicing rights for small balance commercial mortgage loans from BLG and Bayview Financial having outstanding principal balances of $5.8&#160;billion and $5.9&#160;billion at June&#160;30, 2009 and December&#160;31, 2008, respectively. Amounts recorded as capitalized servicing assets for such loans totaled $49&#160;million at June&#160;30, 2009 and $58&#160;million at December&#160;31, 2008. In addition, capitalized servicing rights at June&#160;30, 2009 and December&#160;31, 2008 also included $22&#160;million and $28&#160;million, respectively, for servicing rights that were purchased from Bayview Financial related to residential mortgage loans with outstanding principal balances of $4.3&#160;billion at June&#160;30, 2009 and $4.6&#160;billion at December 31, 2008. Revenues from servicing residential and small balance commercial mortgage loans purchased from BLG and Bayview Financial were $13&#160;million in each of the three-month periods ended June&#160;30, 2009 and 2008, respectively, and $26&#160;million and $27&#160;million for the six months ended June 30, 2009 and 2008, respectively. 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Such commitments are considered derivatives and along with commitments to originate real estate loans to be held for sale are generally recorded in the consolidated balance sheet at estimated fair market value. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Company has an agreement with the Baltimore Ravens of the National Football League whereby the Company obtained the naming rights to a football stadium in Baltimore, Maryland. Under the agreement, the Company is obligated to pay $5&#160;million per year through 2013 and $6&#160;million per year from 2014 through 2017. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Company also has commitments under long-term operating leases. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Company reinsures credit life and accident and health insurance purchased by consumer loan customers. The Company also enters into reinsurance contracts with third party insurance companies who insure against the risk of a mortgage borrower&#8217;s payment default in connection with certain mortgage loans originated by the Company. When providing reinsurance coverage, the Company receives a premium in exchange for accepting a portion of the insurer&#8217;s risk of loss. The outstanding loan principal balances reinsured by the Company were approximately $102&#160;million at June&#160;30, 2009. Assets of subsidiaries providing reinsurance that are available to satisfy claims totaled approximately $69&#160;million at June&#160;30, 2009. The amounts noted above are not necessarily indicative of losses which may ultimately be incurred. 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No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 9 R11.xml IDEA: Investment securities 1.0.0.3 false Investment securities false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 0 mtb_InvestmentSecuritiesAbstract mtb false na duration string Investment securities. false false false false false true false false false 1 false false 0 0 false false Investment securities. false 3 1 us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 3 - us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>3. 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No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 10 R10.xml IDEA: Acquisitions 1.0.0.3 false Acquisitions false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 0 mtb_AcquisitionsAbstract mtb false na duration string Acquisitions Abstract. false false false false false true false false false 1 false false 0 0 false false Acquisitions Abstract. false 3 1 us-gaap_BusinessCombinationDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 2 - us-gaap:BusinessCombinationDisclosureTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>2. Acquisitions</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">On May&#160;23, 2009, M&#038;T acquired all of the outstanding common stock of Provident Bankshares Corporation (&#8220;Provident&#8221;), a bank holding company based in Baltimore, Maryland, in a stock-for-stock transaction. Provident Bank, Provident&#8217;s banking subsidiary, was merged into M&#038;T Bank, M&#038;T&#8217;s principal banking subsidiary, on that date. The results of operations acquired in the Provident transaction have been included in the Company&#8217;s financial results since May&#160;23, 2009. Provident common shareholders received .171625 shares of M&#038;T common stock in exchange for each share of Provident common stock, resulting in M&#038;T issuing a total of 5,838,308 common shares with an acquisition date fair value of $273&#160;million. 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No authoritative reference available. false false 2 8 false Thousands UnKnown UnKnown false true XML 12 R18.xml IDEA: Fair value measurements 1.0.0.3 false Fair value measurements false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 0 mtb_FairValueMeasurementsAbstract mtb false na duration string Fair value measurements. false false false false false true false false false 1 false false 0 0 false false Fair value measurements. false 3 1 us-gaap_FairValueDisclosuresTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <html> <head></head> <body> <!-- Begin Block Tagged Note 10 - us-gaap:FairValueDisclosuresTextBlock--> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>10. Fair value measurements</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level hierarchy exists in GAAP for fair value measurements based upon the inputs to the valuation of an asset or liability. </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" style="background: transparent">&#160;</td> <td width="3%" nowrap="nowrap" align="left"><b>&#8226;</b></td> <td width="1%">&#160;</td> <td>Level 1 &#8212; Valuation is based on quoted prices in active markets for identical assets and liabilities.</td> </tr> <tr> <td style="font-size: 6pt">&#160;</td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" style="background: transparent">&#160;</td> <td width="3%" nowrap="nowrap" align="left"><b>&#8226;</b></td> <td width="1%">&#160;</td> <td>Level 2 &#8212; Valuation is determined from quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar instruments in markets that are not active or by model-based techniques in which all significant inputs are observable in the market.</td> </tr> <tr> <td style="font-size: 6pt">&#160;</td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="1%" style="background: transparent">&#160;</td> <td width="3%" nowrap="nowrap" align="left"><b>&#8226;</b></td> <td width="1%">&#160;</td> <td>Level 3 &#8212; Valuation is derived from model-based and other techniques in which at least one significant input is unobservable and which may be based on the Company&#8217;s own estimates about the assumptions that market participants would use to value the asset or liability.</td> </tr> </table> </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;When available, the Company attempts to use quoted market prices in active markets to determine fair value and classifies such items as Level 1 or Level 2. If quoted market prices in active markets are not available, fair value is often determined using model-based techniques incorporating various assumptions including interest rates, prepayment speeds and credit losses. Assets and liabilities valued using model-based techniques are classified as either Level 2 or Level 3, depending on the lowest level classification of an input that is considered significant to the overall valuation. The following is a description of the valuation methodologies used for the Company&#8217;s assets and liabilities that are measured on a recurring basis at estimated fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Trading account assets and liabilities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Trading account assets and liabilities consist primarily of interest rate swap agreements and foreign exchange contracts with customers who require such services with offsetting trading positions with third parties to minimize the Company&#8217;s risk with respect to such transactions. The Company generally determines the fair value of its derivative trading account assets and liabilities using externally developed pricing models based on market observable inputs and therefore classifies such valuations as Level 2. Prices for certain foreign exchange contracts are more observable and therefore have been classified as Level 1. Mutual funds held in connection with deferred compensation arrangements have also been classified as Level 1 valuations. Valuations of investments in municipal and other bonds can generally be obtained through reference to quoted prices in less active markets for the same or similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Investment securities available for sale</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The majority of the Company&#8217;s available-for-sale investment securities have been valued by reference to prices for similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. Certain investments in mutual funds and equity securities are actively traded and therefore have been classified as Level 1 valuations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Due to the severe disruption in the credit markets during the second half of 2008 and continuing into 2009, trading activity in privately issued mortgage-backed securities was very limited. The markets for such securities were generally characterized by a sharp reduction of non-agency mortgage-backed securities issuances, a significant reduction in trading volumes and extremely wide bid-ask spreads, all driven by the lack of market participants. Although estimated prices were generally obtained for such securities, the Company was significantly restricted in the level of market observable assumptions used in the valuation of its privately issued mortgage-backed securities portfolio. Specifically, market assumptions regarding credit adjusted cash flows and liquidity influences on discount rates were difficult to observe at the individual bond level. Because of the inactivity in the markets and the lack of observable valuation inputs, the Company has classified the valuation of privately issued mortgage-backed securities as Level 3. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;In April&#160;2009, the FASB issued FASB Staff Position No.&#160;157-4, &#8220;Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly&#8221; (&#8220;FSP 157-4&#8221;). FSP 157-4 provided guidance for estimating fair value when the volume and level of trading activity for an asset or liability have significantly decreased. The Company has concluded that there has been a significant decline in the volume and level of activity in the market for privately issued mortgage-backed securities. As a result, the Company supplemented its determination of fair value for many of its privately issued mortgage-backed securities by obtaining pricing indications from two independent sources at June&#160;30, 2009. The Company further ascertained that many of the recently observable trades in the market for privately issued residential mortgage-backed securities could not be determined to be orderly. As a result, the Company also performed internal modeling to estimate the cash flows and fair value of 149 of its privately issued residential mortgage-backed securities with an amortized cost basis of $2.2 billion at June&#160;30, 2009. The Company&#8217;s internal modeling techniques included discounting estimated bond-specific cash flows using assumptions about cash flows associated with loans underlying each of the bonds, including estimates about the timing and amount of credit losses and prepayments. In estimating those cash flows, the Company used conservative assumptions as to future delinquency, defaults and loss rates, including assumptions for further home price depreciation. Differences between internal model valuations and external pricing indications were generally considered to be reflective of the lack of liquidity in the market for privately issued mortgage-backed securities given the conservative nature of the cash flow modeling performed in the Company&#8217;s assessment of value. To determine the point within the range of potential values that was most representative of fair value under current market conditions for each of the 149 bonds, the Company computed values based on judgmentally applied weightings of the internal model valuations and the indications obtained from the average of the two independent pricing sources. Weightings applied to internal model valuations generally ranged from zero to 40% depending on bond structure and collateral type, with prices for bonds in non-senior tranches generally receiving lower weightings on the internal model results and senior bonds receiving a higher model weighting. Weighted-average reliance on internal model pricing for the bonds modeled was 36% with a 64% average weighting placed on the values provided by the independent sources. The Company concluded its estimate of fair value for the $2.2&#160;billion of privately issued residential mortgage-backed securities to approximate $1.7&#160;billion, which implies a weighted-average market yield based on reasonably likely cash flows of 12%. Other valuations of privately issued residential mortgage-backed securities with an amortized cost basis of $613&#160;million and fair value of $543 million, primarily comprised of retained securities from two non-recourse securitization transactions executed by the Company in 2002 and 2003, and other privately issued commercial mortgage-backed securities with an amortized cost basis of $37&#160;million and a fair value of $23 million were determined by reference to independent pricing sources without adjustment. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Included in other debt securities are securities backed by trust preferred securities issued by financial institutions and other entities. Given the severe disruption in the credit markets and lack of observable trade information, the Company could not obtain pricing indications for many of these securities from its two primary independent pricing sources. The Company, therefore, performed internal modeling to estimate the cash flows and fair value of its portfolio of securities backed by trust preferred securities at June&#160;30, 2009. The modeling techniques included discounting estimated cash flows using bond-specific assumptions about defaults, deferrals and prepayments of the trust preferred securities underlying each bond. The estimation of cash flows included conservative assumptions as to the future collateral defaults and the related loss severities. The resulting cash flows were then discounted by reference to market yields observed in the single-name trust preferred securities market. At June&#160;30, 2009, both the total amortized cost and fair value of securities backed by trust preferred securities issued by financial institutions and other entities was $112&#160;million. Privately issued mortgage-backed securities and securities backed by trust preferred securities issued by financial institutions and other entities constituted substantially all of the available for sale investment securities classified as Level 3 valuations as of June&#160;30, 2009. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Real estate loans held for sale</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company utilizes commitments to sell real estate loans to hedge the exposure to changes in fair value of real estate loans held for sale. The carrying value of hedged real estate loans held for sale includes changes in estimated fair value during the hedge period. Typically, the Company attempts to hedge real estate loans held for sale from the date of close through the sale date. The fair value of hedged real estate loans held for sale is generally calculated by reference to quoted prices in secondary markets for commitments to sell real estate loans with similar characteristics and, as such, have been classified as a Level 2 valuation. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Commitments to originate real estate loans for sale and commitments to sell real estate loans</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company enters into various commitments to originate real estate loans for sale and commitments to sell real estate loans. Such commitments are considered to be derivative financial instruments and, therefore, are carried at estimated fair value on the consolidated balance sheet. The estimated fair values of such commitments were generally calculated by reference to quoted prices in secondary markets for commitments to sell real estate loans to certain government-sponsored entities and other parties. The fair valuations of commitments to sell real estate loans generally result in a Level 2 classification. The estimated fair value of commitments to originate real estate loans for sale are adjusted to reflect the Company&#8217;s anticipated commitment expirations. Estimated commitment expirations are considered a significant unobservable input, which results in a Level 3 classification. The Company includes the expected net future cash flows related to the associated servicing of the loan in the fair value measurement of a derivative loan commitment. The estimated value ascribed to the expected net future servicing cash flows is also considered a significant unobservable input contributing to the Level 3 classification of commitments to originate real estate loans for sale. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Interest rate swap agreements used for interest rate risk management</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company utilizes interest rate swap agreements as part of the management of interest rate risk to modify the repricing characteristics of certain portions of its portfolios of earning assets and interest-bearing liabilities. The Company generally determines the fair value of its interest rate swap agreements using externally developed pricing models based on market observable inputs and therefore classifies such valuations as Level 2. The Company has considered counterparty credit risk in the valuation of its interest rate swap assets and has considered its own credit risk in the valuation of its interest rate swap liabilities. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The following tables present assets and liabilities at June&#160;30, 2009 and December&#160;31, 2008 measured at estimated fair value on a recurring basis: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <tr valign="bottom"> <td width="52%">&#160;</td> <td width="5%">&#160;</td> <td width="1%">&#160;</td> <td width="5%">&#160;</td> <td 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margin-top: 12pt"><b><i>Cash and cash equivalents, interest-bearing deposits at banks, short-term borrowings, accrued interest receivable and accrued interest payable</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Due to the nature of cash and cash equivalents and the near maturity of interest-bearing deposits at banks, short-term borrowings, accrued interest receivable and accrued interest payable, the Company estimated that the carrying amount of such instruments approximated estimated fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Agreements to resell securities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amounts assigned to agreements to resell securities were based on discounted calculations of projected cash flows. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Investment securities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Estimated fair values of investments in readily marketable securities were generally based on quoted market prices. Investment securities that were not readily marketable were assigned amounts based on estimates provided by outside parties or modeling techniques that relied upon discounted calculations of projected cash flows or, in the case of other investment securities, which include capital stock of the Federal Reserve Bank of New York and the Federal Home Loan Bank of New York, at an amount equal to the carrying amount. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Loans and leases</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In general, discount rates used to calculate values for loan products were based on the Company&#8217;s pricing at the respective period end and included appropriate adjustments for expected credit losses. A higher discount rate was assumed with respect to estimated cash flows associated with nonaccrual loans. Projected loan cash flows were adjusted for estimated credit losses. However, such estimates made by the Company may not be indicative of assumptions and adjustments that a purchaser of the Company&#8217;s loans and leases would seek. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Deposits</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to GAAP, the estimated fair value ascribed to noninterest-bearing deposits, savings deposits and NOW accounts must be established at carrying value because of the customers&#8217; ability to withdraw funds immediately. Time deposit accounts are required to be revalued based upon prevailing market interest rates for similar maturity instruments. As a result, amounts assigned to time deposits were based on discounted cash flow calculations using prevailing market interest rates based on the Company&#8217;s pricing at the respective date for deposits with comparable remaining terms to maturity. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Company believes that deposit accounts have a value greater than that prescribed by GAAP. The Company feels, however, that the value associated with these deposits is greatly influenced by characteristics of the buyer, such as the ability to reduce the costs of servicing the deposits and deposit attrition which often occurs following an acquisition. Accordingly, estimating the fair value of deposits with any degree of certainty is not practical. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Long-term borrowings</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The amounts assigned to long-term borrowings were based on quoted market prices, when available, or were based on discounted cash flow calculations using prevailing market interest rates for borrowings of similar terms and credit risk. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Commitments to originate real estate loans for sale and commitments to sell real estate loans</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Company enters into various commitments to originate real estate loans for sale and commitments to sell real estate loans. Such commitments are considered to be derivative financial instruments and, therefore, are carried at estimated fair value on the consolidated balance sheet. The estimated fair values of such commitments were generally calculated by reference to quoted market prices for commitments to sell real estate loans to certain government-sponsored entities and other parties. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Interest rate swap agreements used for interest rate risk management</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The estimated fair value of interest rate swap agreements used for interest rate risk management represents the amount the Company would have expected to receive or pay to terminate such agreements. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Other commitments and contingencies</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As described in note 11, in the normal course of business, various commitments and contingent liabilities are outstanding, such as loan commitments, credit guarantees and letters of credit. The Company&#8217;s pricing of such financial instruments is based largely on credit quality and relationship, probability of funding and other requirements. Loan commitments often have fixed expiration dates and contain termination and other clauses which provide for relief from funding in the event of significant deterioration in the credit quality of the customer. The rates and terms of the Company&#8217;s loan commitments, credit guarantees and letters of credit are competitive with other financial institutions operating in markets served by the Company. The Company believes that the carrying amounts, which are included in other liabilities, are reasonable estimates of the fair value of these financial instruments. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;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 activities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Many of the estimates presented herein are based upon the use of highly subjective information and assumptions and, accordingly, the results may not be precise. Management believes that fair value estimates may not be comparable between financial institutions due to the wide range of permitted valuation techniques and numerous estimates which must be made. Furthermore, because the disclosed fair value amounts were estimated as of the balance sheet date, the amounts actually realized or paid upon maturity or settlement of the various financial instruments could be significantly different. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> </div> </body> </html> <!-- Begin Block Tagged Note 10 - us-gaap:FairValueDisclosuresTextBlock--> 10. Fair value measurements Pursuant to GAAP, fair value is defined as false false No definition available. 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In the event of an extended interest period exceeding twenty quarterly periods for $350&#160;million of Junior Subordinated Debentures due January&#160;31, 2068, M&#038;T must fund the payment of accrued and unpaid interest through an alternative payment mechanism, which requires M&#038;T to issue common stock, non-cumulative perpetual preferred stock or warrants to purchase common stock until M&#038;T has raised an amount of eligible proceeds at least equal to the aggregate amount of accrued and unpaid deferred interest on the Junior Subordinated Debentures due January&#160;31, 2068. In general, the agreements governing the Capital Securities, in the aggregate, provide a full, irrevocable and unconditional guarantee by M&#038;T of the payment of distributions on, the redemption of, and any liquidation distribution with respect to the Capital Securities. The obligations under such guarantee and the Capital Securities are subordinate and junior in right of payment to all senior indebtedness of M&#038;T. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The Capital Securities will remain outstanding until the Junior Subordinated Debentures are repaid at maturity, are redeemed prior to maturity or are distributed in liquidation to the Trusts. The Capital Securities are mandatorily redeemable in whole, but not in part, upon repayment at the stated maturity dates (ranging from 2027 to 2068) of the Junior Subordinated Debentures or the earlier redemption of the Junior Subordinated Debentures in whole upon the occurrence of one or more events set forth in the indentures relating to the Capital Securities, and in whole or in part at any time after an optional redemption prior to contractual maturity contemporaneously with the optional redemption of the related Junior Subordinated Debentures in whole or in part, subject to possible regulatory approval. In connection with the issuance of 8.50% Enhanced Trust Preferred Securities associated with $350&#160;million of Junior Subordinated Debentures maturing in 2068, M&#038;T entered into a replacement capital covenant that provides that neither M&#038;T nor any of its subsidiaries will repay, redeem or purchase any of the Junior Subordinated Debentures due January 31, 2068 or the 8.50% Enhanced Trust Preferred Securities prior to January&#160;31, 2048, with certain limited exceptions, except to the extent that, during the 180&#160;days prior to the date of that repayment, redemption or purchase, M&#038;T and its subsidiaries have received proceeds from the sale of qualifying securities that (i)&#160;have equity-like characteristics that are the same as, or more equity-like than, the applicable characteristics of the 8.50% Enhanced Trust Preferred Securities or the Junior Subordinated Debentures due January&#160;31, 2068, as applicable, at the time of repayment, redemption or purchase, and (ii)&#160;M&#038;T has obtained the prior approval of the Federal Reserve Board, if required. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;On June&#160;30, 2009, M&#038;T retired $12&#160;million of Junior Subordinated Debentures for which Provident had been the owner of the related Capital Securities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Including the unamortized portions of purchase accounting adjustments to reflect estimated fair value at the acquisition dates of the Common Securities of various trusts and reflecting the noted cancellation of Junior Subordinated Debentures on June&#160;30, 2009, the Junior Subordinated Debentures associated with Capital Securities had financial statement carrying values of $1.2 billion and $1.1&#160;billion as of June&#160;30, 2009 and December&#160;31, 2008, respectively. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> </div> </body> </html> <!-- Begin Block Tagged Note 4 - us-gaap:DebtDisclosureTextBlock--> 4. 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The Company is not required to make any minimum contributions to the qualified defined benefit pension plan in 2009, however, during the second quarter of 2009 the Company elected to contribute to that plan 900,000 shares of common stock of M&#038;T having a fair value of $44 million. </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"> </div> </div> </body> </html> <!-- Begin Block Tagged Note 6 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock--> 6. Pension plans and other postretirement benefits false false No definition available. 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In 2009, the Company issued stock-based compensation awards in the form of restricted stock and restricted stock units, which, according to the FASB, are considered participating securities. Beginning in 2009, the Company&#8217;s earnings per common share are calculated using the two-class method. 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Segment information</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Reportable segments have been determined based upon the Company&#8217;s internal profitability reporting system, which is organized by strategic business unit. Certain strategic business units have been combined for segment information reporting purposes where the nature of the products and services, the type of customer and the distribution of those products and services are similar. The reportable segments are Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The financial information of the Company&#8217;s segments was compiled utilizing the accounting policies described in note 22 to the Company&#8217;s consolidated financial statements as of and for the year ended December&#160;31, 2008. 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No authoritative reference available. false 18 4 us-gaap_InterestExpenseForeignDeposits us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 576000 576 false false 2 false true 22075000 22075 false false 3 false true 1557000 1557 false false 4 false true 60448000 60448 false false No definition available. No authoritative reference available. false 19 4 us-gaap_InterestExpenseShortTermBorrowings us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 2015000 2015 false false 2 false true 42612000 42612 false false 3 false true 4363000 4363 false false 4 false true 104233000 104233 false false No definition available. No authoritative reference available. false 20 4 us-gaap_InterestExpenseLongTermDebt us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 90960000 90960 false false 2 false true 125842000 125842 false false 3 false true 191758000 191758 false false 4 false true 256877000 256877 false false No definition available. No authoritative reference available. true 21 4 us-gaap_InterestExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 175856000 175856 false false 2 false true 330942000 330942 false false 3 false true 382561000 382561 false false 4 false true 736254000 736254 false false No definition available. No authoritative reference available. true 22 3 us-gaap_InterestIncomeExpenseNet us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 501567000 501567 false false 2 false true 486632000 486632 false false 3 false true 949374000 949374 false false 4 false true 965482000 965482 false false No definition available. No authoritative reference available. false 23 3 us-gaap_ProvisionForLoanLeaseAndOtherLosses us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 147000000 147000 false false 2 false true 100000000 100000 false false 3 false true 305000000 305000 false false 4 false true 160000000 160000 false false No definition available. No authoritative reference available. true 24 3 us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 354567000 354567 false false 2 false true 386632000 386632 false false 3 false true 644374000 644374 false false 4 false true 805482000 805482 false false No definition available. No authoritative reference available. true 25 3 us-gaap_NoninterestIncomeAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 26 4 mtb_MortgageBankingRevenues mtb false credit duration monetary The noninterest income derived from mortgage banking activities (fees and commissions), including fees earned from servicing... false false false false false false false false false 1 false true 52983000 52983 false false 2 false true 38219000 38219 false false 3 false true 109216000 109216 false false 4 false true 78289000 78289 false false The noninterest income derived from mortgage banking activities (fees and commissions), including fees earned from servicing third-party assets. No authoritative reference available. false 27 4 us-gaap_FeesAndCommissionsDepositorAccounts us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 112479000 112479 false false 2 false true 110340000 110340 false false 3 false true 213508000 213508 false false 4 false true 213794000 213794 false false No definition available. No authoritative reference available. false 28 4 us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 32442000 32442 false false 2 false true 40426000 40426 false false 3 false true 67322000 67322 false false 4 false true 80730000 80730 false false No definition available. No authoritative reference available. false 29 4 us-gaap_BrokerageCommissionsRevenue us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 13493000 13493 false false 2 false true 17211000 17211 false false 3 false true 28886000 28886 false false 4 false true 32684000 32684 false false No definition available. No authoritative reference available. false 30 4 us-gaap_TradingGainsLosses us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 7543000 7543 false false 2 false true 6636000 6636 false false 3 false true 8978000 8978 false false 4 false true 11349000 11349 false false No definition available. No authoritative reference available. false 31 4 us-gaap_GainLossOnSaleOfSecuritiesNet us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 292000 292 false false 2 false true 325000 325 false false 3 false true 867000 867 false false 4 false true 33772000 33772 false false No definition available. No authoritative reference available. false 32 4 mtb_TotalOtherThanTemporaryImpairmentOTTILosses mtb false credit duration monetary Total other-than-temporary impairment ("OTTI") losses. false false false false false false false false false 1 false true -75697000 -75697 false false 2 false true -5746000 -5746 false false 3 false true -138505000 -138505 false false 4 false true -5746000 -5746 false false Total other-than-temporary impairment ("OTTI") losses. No authoritative reference available. false 33 4 mtb_PortionOfOTTILossesRecognizedInOtherComprehensiveIncomeBeforeTaxes mtb false credit duration monetary Portion of OTTI losses recognized in other comprehensive income (before taxes). false false false false false false false false false 1 false true 50928000 50928 false false 2 false true 0 0 false false 3 false true 81537000 81537 false false 4 false true 0 0 false false Portion of OTTI losses recognized in other comprehensive income (before taxes). No authoritative reference available. true 34 4 mtb_NetOTTILossesRecognizedInEarnings mtb false credit duration monetary Net OTTI losses recognized in earnings. false false false false false false false false false 1 false true -24769000 -24769 false false 2 false true -5746000 -5746 false false 3 false true -56968000 -56968 false false 4 false true -5746000 -5746 false false Net OTTI losses recognized in earnings. No authoritative reference available. true 35 4 us-gaap_IncomeLossFromEquityMethodInvestments us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true -207000 -207 false false 2 false true -13026000 -13026 false false 3 false true -4351000 -4351 false false 4 false true -14286000 -14286 false false No definition available. No authoritative reference available. false 36 4 us-gaap_NoninterestIncomeOtherOperatingIncome us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 77393000 77393 false false 2 false true 76797000 76797 false false 3 false true 136532000 136532 false false 4 false true 153259000 153259 false false No definition available. No authoritative reference available. true 37 4 us-gaap_NoninterestIncome us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 271649000 271649 false false 2 false true 271182000 271182 false false 3 false true 503990000 503990 false false 4 false true 583845000 583845 false false No definition available. No authoritative reference available. true 38 3 us-gaap_NoninterestExpenseAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 39 4 us-gaap_LaborAndRelatedExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 249952000 249952 false false 2 false true 236127000 236127 false false 3 false true 499344000 499344 false false 4 false true 487998000 487998 false false No definition available. No authoritative reference available. false 40 4 mtb_EquipmentAndNetOccupancy mtb false debit duration monetary Amount of equipment and net occupancy expense that may include items, such as furniture expenses, depreciation, repairs,... false false false false false false false false false 1 false true 51321000 51321 false false 2 false true 47252000 47252 false false 3 false true 99493000 99493 false false 4 false true 94017000 94017 false false Amount of equipment and net occupancy expense that may include items, such as furniture expenses, depreciation, repairs, rentals, service contract costs, rent expense, utilities and property taxes. No authoritative reference available. false 41 4 us-gaap_SuppliesAndPostageExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 11554000 11554 false false 2 false true 9120000 9120 false false 3 false true 20649000 20649 false false 4 false true 19016000 19016 false false No definition available. No authoritative reference available. false 42 4 us-gaap_AmortizationOfIntangibleAssets us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 15231000 15231 false false 2 false true 16615000 16615 false false 3 false true 30601000 30601 false false 4 false true 35098000 35098 false false No definition available. No authoritative reference available. false 43 4 us-gaap_FederalDepositInsuranceCorporationPremiumExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 49637000 49637 false false 2 false true 1534000 1534 false false 3 false true 55493000 55493 false false 4 false true 3073000 3073 false false No definition available. No authoritative reference available. false 44 4 us-gaap_OtherNoninterestExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 186015000 186015 false false 2 false true 109062000 109062 false false 3 false true 296476000 296476 false false 4 false true 206212000 206212 false false No definition available. No authoritative reference available. true 45 3 us-gaap_NoninterestExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 563710000 563710 false false 2 false true 419710000 419710 false false 3 false true 1002056000 1002056 false false 4 false true 845414000 845414 false false No definition available. No authoritative reference available. true 46 3 mtb_IncomeBeforeTaxes mtb false credit duration monetary Income before taxes. false false false false false false false false false 1 false true 62506000 62506 false false 2 false true 238104000 238104 false false 3 false true 146308000 146308 false false 4 false true 543913000 543913 false false Income before taxes. No authoritative reference available. false 47 3 us-gaap_IncomeTaxExpenseBenefit us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 11318000 11318 false false 2 false true 77839000 77839 false false 3 false true 30899000 30899 false false 4 false true 181452000 181452 false false No definition available. No authoritative reference available. true 48 3 us-gaap_NetIncomeLoss us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false true 51188000 51188 false false 2 false true 160265000 160265 false false 3 false true 115409000 115409 false false 4 false true 362461000 362461 false false No definition available. No authoritative reference available. true 49 3 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 true true 40516000 40516 false false 2 true true 160265000 160265 false false 3 true true 95105000 95105 false false 4 true true 362461000 362461 false false No definition available. No authoritative reference available. false 50 3 us-gaap_EarningsPerShareAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 51 4 us-gaap_EarningsPerShareBasic us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.36 0.36 false false 2 true true 1.45 1.45 false false 3 true true 0.85 0.85 false false 4 true true 3.29 3.29 false false No definition available. No authoritative reference available. false 52 4 us-gaap_EarningsPerShareDiluted us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.36 0.36 false false 2 true true 1.44 1.44 false false 3 true true 0.85 0.85 false false 4 true true 3.26 3.26 false false No definition available. No authoritative reference available. false 53 3 us-gaap_CommonStockDividendsPerShareCashPaid us-gaap true na duration decimal No definition available. false false false false false false false false true 1 true true 0.7 0.7 false false 2 true true 0.7 0.7 false false 3 true true 1.4 1.4 false false 4 true true 1.4 1.4 false false No definition available. No authoritative reference available. false 54 3 mtb_AverageCommonSharesOutstandingAbstract mtb false na duration string Average common shares outstanding false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false Average common shares outstanding false 55 4 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic us-gaap true na duration shares No definition available. false false false false false false false false false 1 false true 113218000 113218 false false 2 false true 110191000 110191 false false 3 false true 111836000 111836 false false 4 false true 110104000 110104 false false No definition available. No authoritative reference available. false 56 4 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding us-gaap true na duration shares No definition available. false false false false false false false false false 1 false true 113521000 113521 false false 2 false true 111227000 111227 false false 3 false true 111988000 111988 false false 4 false true 111097000 111097 false false No definition available. 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No authoritative reference available. false 8 4 us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false false 0 0 false false No definition available. false 9 5 us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false true 149398000 149398 true false 8 false true 149398000 149398 false false No definition available. No authoritative reference available. false 10 5 us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease us-gaap true na duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false true 735000 735 true false 8 false true 735000 735 false false No definition available. No authoritative reference available. false 12 5 mtb_UnrealizedGainsLossesOnTerminatedCashFlowHedges mtb false credit duration monetary Unrealized Gains Losses On Terminated Cash Flow Hedges. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false true 5992000 5992 true false 8 false true 5992000 5992 false false Unrealized Gains Losses On Terminated Cash Flow Hedges. No authoritative reference available. false 15 4 mtb_PreferredStockIssuedAcquisitions mtb false credit duration monetary The amount of preferred stock issued pursuant to acquisitions during the period. false false false false false false false false false 1 false false 0 0 true false 2 false true 155779000 155779 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 155779000 155779 false false The amount of preferred stock issued pursuant to acquisitions during the period. No authoritative reference available. false 16 4 us-gaap_StockIssuedDuringPeriodValueAcquisitions us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true -348080000 -348080 true false 5 false true 620904000 620904 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 272824000 272824 false false No definition available. No authoritative reference available. false 17 4 mtb_CommonStockOptionsAcquired mtb false credit duration monetary Common Stock Options Acquired. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true 1367000 1367 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 1367000 1367 false false Common Stock Options Acquired. No authoritative reference available. false 18 4 us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true 6467000 6467 true false 5 false false 0 0 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 6467000 6467 false false No definition available. No authoritative reference available. false 19 4 mtb_IssuanceOfCommonStockToDefinedBenefitPensionPlan mtb false credit duration monetary Issuance of common stock to defined benefit pension plan. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true -51417000 -51417 true false 5 false true 95706000 95706 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 44289000 44289 false false Issuance of common stock to defined benefit pension plan. No authoritative reference available. false 20 4 us-gaap_DividendsPreferredStockCash us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false true -11833000 -11833 true false 7 false false 0 0 true false 8 false true -11833000 -11833 false false No definition available. No authoritative reference available. false 21 4 mtb_AmortizationOfPreferredStockDiscount mtb false debit duration monetary Amortization of preferred stock discount. false false false false false false false false false 1 false false 0 0 true false 2 false true 2230000 2230 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false true -2230000 -2230 true false 7 false false 0 0 true false 8 false false 0 0 false false Amortization of preferred stock discount. No authoritative reference available. false 22 4 us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true -42014000 -42014 true false 5 false true 74605000 74605 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 32591000 32591 false false No definition available. No authoritative reference available. false 23 4 mtb_ExercisesOfStockOptionAndPurchasePlans mtb false credit duration monetary Exercises of stock option and purchase plans. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true -14097000 -14097 true false 5 false true 16211000 16211 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 2114000 2114 false false Exercises of stock option and purchase plans. No authoritative reference available. false 24 4 us-gaap_StockGrantedDuringPeriodValueSharebasedCompensation us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false true -785000 -785 true false 5 false true 1480000 1480 true false 6 false false 0 0 true false 7 false false 0 0 true false 8 false true 695000 695 false false No definition available. No authoritative reference available. false 25 4 mtb_DeferredCompensationPlansNetIncludingDividendEquivalents mtb false credit duration monetary Deferred compensation plans, net, including dividend equivalents. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false true -373000 -373 true false 4 false true -497000 -497 true false 5 false true 1025000 1025 true false 6 false true -101000 -101 true false 7 false false 0 0 true false 8 false true 54000 54 false false Deferred compensation plans, net, including dividend equivalents. No authoritative reference available. false 26 4 us-gaap_DividendsCommonStockCash us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 true false 2 false false 0 0 true false 3 false false 0 0 true false 4 false false 0 0 true false 5 false false 0 0 true false 6 false true -160448000 -160448 true false 7 false false 0 0 true false 8 false true -160448000 -160448 false false No definition available. No authoritative reference available. true 27 4 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest us-gaap true credit instant monetary No definition available. false false false true false false false true false 1 false true 60198000 60198 true false 2 false true 725472000 725472 true false 3 false true 4244000 4244 true false 4 false true 2448851000 2448851 true false 5 false true -261396000 -261396 true false 6 false true 5003551000 5003551 true false 7 false true -580756000 -580756 true false 8 false true 7400164000 7400164 false false No definition available. No authoritative reference available. false 5 3 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest us-gaap true credit instant monetary No definition available. false false false true false false true false false 1 false true 60198000 60198 true false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false 5 false false 0 0 false false 6 false false 0 0 false false 7 false false 0 0 false false 8 false false 0 0 false false No definition available. No authoritative reference available. false 8 4 us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 true false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false 5 false false 0 0 false false 6 false false 0 0 false false 7 false false 0 0 false false 8 false false 0 0 false false No definition available. false 27 4 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest us-gaap true credit instant monetary No definition available. false false false true false false false true false 1 true true 60198000 60198 true false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false 5 false false 0 0 false false 6 false false 0 0 false false 7 false false 0 0 false false 8 false false 0 0 false false No definition available. No authoritative reference available. false false 8 40 false Thousands UnKnown UnKnown false true XML 22 R5.xml IDEA: Consolidated Statement of Cash Flows 1.0.0.3 false Consolidated Statement of Cash Flows (USD $) In Thousands false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 false 2 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 false 3 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 false 4 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 5 3 us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 6 4 us-gaap_NetIncomeLoss us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 true true 51188000 51188 false false 2 true true 160265000 160265 false false 3 true true 115409000 115409 false false 4 true true 362461000 362461 false false No definition available. No authoritative reference available. false 7 4 us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 8 5 us-gaap_ProvisionForLoanLeaseAndOtherLosses us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 147000000 147000 false false 2 false true 100000000 100000 false false 3 false true 305000000 305000 false false 4 false true 160000000 160000 false false No definition available. No authoritative reference available. false 9 5 us-gaap_DepreciationPremisesAndEquipment us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 26855000 26855 false false 4 false true 26215000 26215 false false No definition available. No authoritative reference available. false 10 5 us-gaap_AmortizationOfMortgageServicingRightsMSRs us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 31498000 31498 false false 4 false true 32723000 32723 false false No definition available. No authoritative reference available. false 11 5 us-gaap_AmortizationOfIntangibleAssets us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false true 15231000 15231 false false 2 false true 16615000 16615 false false 3 false true 30601000 30601 false false 4 false true 35098000 35098 false false No definition available. No authoritative reference available. false 12 5 us-gaap_DeferredIncomeTaxExpenseBenefit us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 62472000 62472 false false 4 false true -14312000 -14312 false false No definition available. No authoritative reference available. false 13 5 us-gaap_AssetImpairmentCharges us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 80439000 80439 false false 4 false true 6559000 6559 false false No definition available. No authoritative reference available. false 14 5 us-gaap_GainsLossesOnSalesOfAssets us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -139000 -139 false false 4 false true -29608000 -29608 false false No definition available. No authoritative reference available. false 15 5 mtb_NetChangeInAccruedInterestReceivablePayable mtb false credit duration monetary Net change in accrued interest receivable, payable. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 10408000 10408 false false 4 false true 7808000 7808 false false Net change in accrued interest receivable, payable. No authoritative reference available. false 16 5 mtb_IncreaseDecreaseInOtherAccruedIncomeAndExpense mtb false credit duration monetary Increase Decrease in other accrued income and expense. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 38101000 38101 false false 4 false true -46326000 -46326 false false Increase Decrease in other accrued income and expense. No authoritative reference available. false 17 5 us-gaap_IncreaseDecreaseInLoansHeldForSale us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -241186000 -241186 false false 4 false true 260987000 260987 false false No definition available. No authoritative reference available. false 18 5 mtb_NetChangeInTradingAccountAssetsAndLiabilities mtb false credit duration monetary Net change in trading account assets and liabilities. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -44953000 -44953 false false 4 false true 42718000 42718 false false Net change in trading account assets and liabilities. No authoritative reference available. true 19 4 us-gaap_NetCashProvidedByUsedInOperatingActivities us-gaap true na duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 414505000 414505 false false 4 false true 844323000 844323 false false No definition available. No authoritative reference available. true 20 3 us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 21 4 us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 7020000 7020 false false 4 false true 53610000 53610 false false No definition available. No authoritative reference available. false 22 4 us-gaap_ProceedsFromSaleOfOtherInvestments us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 42522000 42522 false false 4 false true 38689000 38689 false false No definition available. No authoritative reference available. false 23 4 us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 1069602000 1069602 false false 4 false true 1251121000 1251121 false false No definition available. No authoritative reference available. false 24 4 us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 56024000 56024 false false 4 false true 29023000 29023 false false No definition available. No authoritative reference available. false 25 4 us-gaap_PaymentsToAcquireAvailableForSaleSecurities us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -33621000 -33621 false false 4 false true -667060000 -667060 false false No definition available. No authoritative reference available. false 26 4 us-gaap_PaymentsToAcquireHeldToMaturitySecurities us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -19170000 -19170 false false 4 false true -25668000 -25668 false false No definition available. No authoritative reference available. false 27 4 us-gaap_PaymentsToAcquireOtherInvestments us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -2886000 -2886 false false 4 false true -137684000 -137684 false false No definition available. No authoritative reference available. false 28 4 us-gaap_ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 90000000 90000 false false 4 false true -240000000 -240000 false false No definition available. No authoritative reference available. false 29 4 us-gaap_PaymentsForProceedsFromLoansAndLeases us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 110264000 110264 false false 4 false true -2116001000 -2116001 false false No definition available. No authoritative reference available. false 30 4 mtb_OtherInvestmentsNet mtb false debit duration monetary The net cash inflow (outflow) related to other investments that may include joint ventures and equity investees. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -14179000 -14179 false false 4 false true -4925000 -4925 false false The net cash inflow (outflow) related to other investments that may include joint ventures and equity investees. No authoritative reference available. false 31 4 us-gaap_PaymentsToAcquireMortgageServicingRightsMSR us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -298000 -298 false false 4 false true -15744000 -15744 false false No definition available. No authoritative reference available. false 32 4 us-gaap_PaymentsForProceedsFromProductiveAssets us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -17655000 -17655 false false 4 false true -24196000 -24196 false false No definition available. No authoritative reference available. false 33 4 us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 144009000 144009 false false 4 false true 0 0 false false No definition available. No authoritative reference available. false 34 4 us-gaap_PaymentsForProceedsFromOtherInvestingActivities us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 16668000 16668 false false 4 false true -43791000 -43791 false false No definition available. No authoritative reference available. true 35 4 us-gaap_NetCashProvidedByUsedInInvestingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 1448300000 1448300 false false 4 false true -1902626000 -1902626 false false No definition available. No authoritative reference available. true 36 3 us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 37 4 us-gaap_IncreaseDecreaseInDeposits us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -881060000 -881060 false false 4 false true 663520000 663520 false false No definition available. No authoritative reference available. false 38 4 us-gaap_ProceedsFromRepaymentsOfShortTermDebt us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -235111000 -235111 false false 4 false true -2060092000 -2060092 false false No definition available. No authoritative reference available. false 39 4 us-gaap_ProceedsFromIssuanceOfLongTermDebt us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 0 0 false false 4 false true 3650010000 3650010 false false No definition available. No authoritative reference available. false 40 4 us-gaap_RepaymentsOfLongTermDebt us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -1001334000 -1001334 false false 4 false true -1175977000 -1175977 false false No definition available. No authoritative reference available. false 41 4 us-gaap_PaymentsOfDividendsCommonStock us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -160023000 -160023 false false 4 false true -154121000 -154121 false false No definition available. No authoritative reference available. false 42 4 us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -11833000 -11833 false false 4 false true 0 0 false false No definition available. No authoritative reference available. false 43 4 us-gaap_ProceedsFromPaymentsForOtherFinancingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 9133000 9133 false false 4 false true 5919000 5919 false false No definition available. No authoritative reference available. true 44 4 us-gaap_NetCashProvidedByUsedInFinancingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -2280228000 -2280228 false false 4 false true 929259000 929259 false false No definition available. No authoritative reference available. true 45 3 us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease us-gaap true na duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -417423000 -417423 false false 4 false true -129044000 -129044 false false No definition available. No authoritative reference available. false 46 3 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false true false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 1568151000 1568151 false false 4 false true 1767547000 1767547 false false No definition available. No authoritative reference available. false 47 3 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false false true false 1 false true 1150728000 1150728 false false 2 false true 1638503000 1638503 false false 3 false true 1150728000 1150728 false false 4 false true 1638503000 1638503 false false No definition available. No authoritative reference available. false 48 3 us-gaap_SupplementalCashFlowInformationAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 49 4 mtb_InterestReceivedDuringPeriod mtb false credit duration monetary Interest received during the period false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 1330441000 1330441 false false 4 false true 1763523000 1763523 false false Interest received during the period No authoritative reference available. false 50 4 us-gaap_InterestPaid us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 351744000 351744 false false 4 false true 775474000 775474 false false No definition available. No authoritative reference available. false 51 4 us-gaap_IncomeTaxesPaidNet us-gaap true credit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true -9551000 -9551 false false 4 false true 186313000 186313 false false No definition available. No authoritative reference available. true 52 4 us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false No definition available. false 53 5 mtb_SecuritizationResidentialMortgageAllocatedToAvailableForSaleInvestmentSecurities mtb false debit duration monetary Securitization Residential Mortgage Allocated To Available For Sale Investment Securities. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 140942000 140942 false false 4 false true 541196000 541196 false false Securitization Residential Mortgage Allocated To Available For Sale Investment Securities. No authoritative reference available. false 54 5 mtb_SecuritizationResidentialMortgageAllocatedToCapitalizedServicingRights mtb false debit duration monetary Securitization Residential Mortgage Allocated To Capitalized Servicing Rights. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 788000 788 false false 4 false true 4940000 4940 false false Securitization Residential Mortgage Allocated To Capitalized Servicing Rights. No authoritative reference available. false 55 5 mtb_RealEstateAcquiredInSettlementOfLoans mtb false debit duration monetary Real estate acquired in settlement of loans. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 51143000 51143 false false 4 false true 40314000 40314 false false Real estate acquired in settlement of loans. No authoritative reference available. false 56 5 mtb_FairValueOfAcquisitionsAbstract mtb false na duration string Fair value of Acquisitions Abstract false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false false 0 0 false false 4 false false 0 0 false false Fair value of Acquisitions Abstract false 57 6 us-gaap_FairValueOfAssetsAcquired us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 6171252000 6171252 false false 4 false true 0 0 false false No definition available. No authoritative reference available. false 58 6 us-gaap_LiabilitiesAssumed us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 5878941000 5878941 false false 4 false true 0 0 false false No definition available. No authoritative reference available. false 59 6 mtb_PreferredStockIssuedAcquisitions mtb false credit duration monetary The amount of preferred stock issued pursuant to acquisitions during the period. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 155779000 155779 false false 4 false true 0 0 false false The amount of preferred stock issued pursuant to acquisitions during the period. No authoritative reference available. false 60 6 us-gaap_StockIssued us-gaap true debit duration monetary No definition available. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 272824000 272824 false false 4 false true 0 0 false false No definition available. No authoritative reference available. false 61 6 mtb_CommonStockOptionsAcquired mtb false credit duration monetary Common Stock Options Acquired. false false false false false false false false false 1 false false 0 0 false false 2 false false 0 0 false false 3 false true 1367000 1367 false false 4 false true 0 0 false false Common Stock Options Acquired. 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No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Allowance related to loans sold or securitized. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The net cash inflow (outflow) related to other investments that may include joint ventures and equity investees. No authoritative reference available. The obligation to issue shares of Company common stock in connection with deferred compensation plans. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Line item includes holdings of Federal Home Loan Bank and Federal Reserve Bank stock (at amortized cost). No authoritative reference available. No authoritative reference available. No authoritative reference available. Real estate acquired in settlement of loans. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. 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No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Increase Decrease in other accrued income and expense. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Parenthetical disclosure of holdings of Federal Home Loan Bank and Federal Reserve Bank Stock (at fair value). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Repayment of management stock ownership program receivable. No authoritative reference available. No authoritative reference available. No authoritative reference available. Securitization Residential Mortgage Allocated To Capitalized Servicing Rights. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Net change in accrued interest receivable, payable. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Common Stock Options Acquired. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Amount of equipment and net occupancy expense that may include items, such as furniture expenses, depreciation, repairs, rentals, service contract costs, rent expense, utilities and property taxes. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Relationship With Other Entities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Total investment securities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The noninterest income derived from mortgage banking activities (fees and commissions), including fees earned from servicing third-party assets. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Unrealized Gains Losses On Terminated Cash Flow Hedges. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Total other-than-temporary impairment ("OTTI") losses. No authoritative reference available. Amortization of preferred stock discount. No authoritative reference available. Securitization Residential Mortgage Allocated To Available For Sale Investment Securities. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Portion of OTTI losses recognized in other comprehensive income (before taxes). No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. 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Number of shares of common stock issuable in connection with deferred Compensation plans. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Interest received during the period No authoritative reference available. Income before taxes. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Net OTTI losses recognized in earnings. No authoritative reference available. No authoritative reference available. No authoritative reference available. 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Relationship with Bayview Lending Group LLC and Bayview Financial Holdings, L.P.</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In 2007 M&#038;T invested $300&#160;million to acquire a 20% minority interest in Bayview Lending Group LLC (&#8220;BLG&#8221;), a privately-held company that, together with its affiliates, specializes in originating, securitizing and servicing small balance commercial real estate loans. M&#038;T recognizes income from BLG using the equity method of accounting. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;Bayview Financial Holdings, L.P. (together with its affiliates, &#8220;Bayview Financial&#8221;), a privately-held specialty mortgage finance company, is BLG&#8217;s majority investor. In addition to their common investment in BLG, the Company and Bayview Financial conduct other business activities with each other. 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No authoritative reference available. false false 3 14 false NoRounding NoRounding UnKnown false true XML 27 R2.xml IDEA: Consolidated Balance Sheet 1.0.0.3 false Consolidated Balance Sheet (USD $) In Thousands false 1 $ false false Pure Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 $ false false Pure Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 5 3 us-gaap_AssetsAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 6 4 us-gaap_CashAndDueFromBanks us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 true true 1148428000 1148428 false false 2 true true 1546804000 1546804 false false No definition available. No authoritative reference available. false 7 4 us-gaap_InterestBearingDepositsInBanks us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 59950000 59950 false false 2 false true 10284000 10284 false false No definition available. No authoritative reference available. false 8 4 us-gaap_FederalFundsSold us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 2300000 2300 false false 2 false true 21347000 21347 false false No definition available. No authoritative reference available. false 9 4 us-gaap_SecuritiesPurchasedUnderAgreementsToResell us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 0 0 false false 2 false true 90000000 90000 false false No definition available. No authoritative reference available. false 10 4 us-gaap_TradingSecurities us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 495324000 495324 false false 2 false true 617821000 617821 false false No definition available. No authoritative reference available. false 11 4 us-gaap_MarketableSecuritiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 12 5 us-gaap_AvailableForSaleSecurities us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 6963004000 6963004 false false 2 false true 6850193000 6850193 false false No definition available. No authoritative reference available. false 13 5 us-gaap_HeldToMaturitySecurities us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 610777000 610777 false false 2 false true 485838000 485838 false false No definition available. No authoritative reference available. false 14 5 mtb_OtherInvestmentSecurities mtb false debit instant monetary Line item includes holdings of Federal Home Loan Bank and Federal Reserve Bank stock (at amortized cost). false false false false false false false false false 1 false true 581653000 581653 false false 2 false true 583176000 583176 false false Line item includes holdings of Federal Home Loan Bank and Federal Reserve Bank stock (at amortized cost). No authoritative reference available. true 15 5 mtb_TotalInvestmentSecurities mtb false debit instant monetary Total investment securities. false false false false false false false false false 1 false true 8155434000 8155434 false false 2 false true 7919207000 7919207 false false Total investment securities. No authoritative reference available. true 16 4 us-gaap_LoansAndLeasesReceivableGrossCarryingAmount us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 53075393000 53075393 false false 2 false true 49359737000 49359737 false false No definition available. No authoritative reference available. false 17 4 us-gaap_LoansAndLeasesReceivableDeferredIncome us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -360749000 -360749 false false 2 false true -359274000 -359274 false false No definition available. No authoritative reference available. false 18 4 us-gaap_LoansAndLeasesReceivableAllowance us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -855365000 -855365 false false 2 false true -787904000 -787904 false false No definition available. No authoritative reference available. true 19 4 us-gaap_LoansAndLeasesReceivableNetReportedAmount us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 51859279000 51859279 false false 2 false true 48212559000 48212559 false false No definition available. No authoritative reference available. true 20 4 us-gaap_PropertyPlantAndEquipmentNet us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 442162000 442162 false false 2 false true 388855000 388855 false false No definition available. No authoritative reference available. false 21 4 us-gaap_Goodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 3524625000 3524625 false false 2 false true 3192128000 3192128 false false No definition available. No authoritative reference available. false 22 4 us-gaap_IntangibleAssetsNetExcludingGoodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 216072000 216072 false false 2 false true 183496000 183496 false false No definition available. No authoritative reference available. false 23 4 us-gaap_OtherAssets us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 4009643000 4009643 false false 2 false true 3633256000 3633256 false false No definition available. No authoritative reference available. true 24 4 us-gaap_Assets us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true 69913217000 69913217 false false 2 false true 65815757000 65815757 false false No definition available. No authoritative reference available. true 25 3 us-gaap_LiabilitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 26 4 us-gaap_NoninterestBearingDepositLiabilitiesDomestic us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 12403999000 12403999 false false 2 false true 8856114000 8856114 false false No definition available. No authoritative reference available. false 27 4 us-gaap_DepositsNegotiableOrderOfWithdrawalNOW us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 1162023000 1162023 false false 2 false true 1141308000 1141308 false false No definition available. No authoritative reference available. false 28 4 us-gaap_DepositsSavingsDeposits us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 22519330000 22519330 false false 2 false true 19488918000 19488918 false false No definition available. No authoritative reference available. false 29 4 us-gaap_TimeDeposits us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 9584351000 9584351 false false 2 false true 9046937000 9046937 false false No definition available. No authoritative reference available. false 30 4 us-gaap_DepositsForeign us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 1085004000 1085004 false false 2 false true 4047986000 4047986 false false No definition available. No authoritative reference available. true 31 4 us-gaap_Deposits us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 46754707000 46754707 false false 2 false true 42581263000 42581263 false false No definition available. No authoritative reference available. true 32 4 us-gaap_FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 901422000 901422 false false 2 false true 970529000 970529 false false No definition available. No authoritative reference available. false 33 4 us-gaap_OtherShortTermBorrowings us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 2049727000 2049727 false false 2 false true 2039206000 2039206 false false No definition available. No authoritative reference available. false 34 4 us-gaap_OtherLiabilities us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 1238959000 1238959 false false 2 false true 1364879000 1364879 false false No definition available. No authoritative reference available. false 35 4 us-gaap_LongTermDebt us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 11568238000 11568238 false false 2 false true 12075149000 12075149 false false No definition available. No authoritative reference available. true 36 4 us-gaap_Liabilities us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 62513053000 62513053 false false 2 false true 59031026000 59031026 false false No definition available. No authoritative reference available. true 37 3 us-gaap_StockholdersEquityAbstract us-gaap true na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false 2 false false 0 0 false false No definition available. false 38 4 us-gaap_PreferredStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 725472000 725472 false false 2 false true 567463000 567463 false false No definition available. No authoritative reference available. false 39 4 us-gaap_CommonStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 60198000 60198 false false 2 false true 60198000 60198 false false No definition available. No authoritative reference available. false 40 4 mtb_CommonStockIssuable mtb false credit instant monetary The obligation to issue shares of Company common stock in connection with deferred compensation plans. false false false false false false false false false 1 false true 4244000 4244 false false 2 false true 4617000 4617 false false The obligation to issue shares of Company common stock in connection with deferred compensation plans. No authoritative reference available. false 41 4 us-gaap_AdditionalPaidInCapital us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 2448851000 2448851 false false 2 false true 2897907000 2897907 false false No definition available. No authoritative reference available. false 42 4 us-gaap_RetainedEarningsAccumulatedDeficit us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 5003551000 5003551 false false 2 false true 5062754000 5062754 false false No definition available. No authoritative reference available. false 43 4 us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true -580756000 -580756 false false 2 false true -736881000 -736881 false false No definition available. No authoritative reference available. false 44 4 us-gaap_TreasuryStockValue us-gaap true debit instant monetary No definition available. false false false false false false false false false 1 false true -261396000 -261396 false false 2 false true -1071327000 -1071327 false false No definition available. No authoritative reference available. true 45 4 us-gaap_StockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 false true 7400164000 7400164 false false 2 false true 6784731000 6784731 false false No definition available. No authoritative reference available. true 46 3 us-gaap_LiabilitiesAndStockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false 1 true true 69913217000 69913217 false false 2 true true 65815757000 65815757 false false No definition available. No authoritative reference available. true false 2 42 false Thousands UnKnown UnKnown false true XML 28 FilingSummary.xml IDEA: XBRL DOCUMENT 1.0.0.3 true Sheet 00 - Document - Document and Company Information Document and Company Information R1.xml false Sheet 01 - Statement - Consolidated Balance Sheet Consolidated Balance Sheet R2.xml false Sheet 011 - Statement - Consolidated Balance Sheet (Parenthetical) Consolidated Balance Sheet (Parenthetical) R3.xml false Sheet 02 - Statement - Consolidated Statement of Income Consolidated Statement of Income R4.xml false Sheet 03 - Statement - Consolidated Statement of Cash Flows Consolidated Statement of Cash Flows R5.xml false Sheet 04 - Statement - Consolidated Statement of Changes in Stockholders Equity Consolidated Statement of Changes in Stockholders Equity R6.xml false Sheet 041 - Statement - Consolidated Statement of Changes in Stockholders Equity (Parenthetical) Consolidated Statement of Changes in Stockholders Equity (Parenthetical) R7.xml false Sheet 042 - Statement - Consolidated Summary of Changes In Allowance For Credit Losses Consolidated Summary of Changes In Allowance For Credit Losses R8.xml false Sheet 0601 - Disclosure - Significant accounting policies Significant accounting policies R9.xml false Sheet 0602 - Disclosure - Acquisitions Acquisitions R10.xml false Sheet 0603 - Disclosure - Investment securities Investment securities R11.xml false Sheet 0604 - Disclosure - Borrowings Borrowings R12.xml false Sheet 0605 - Disclosure - Stockholders equity Stockholders equity R13.xml false Sheet 0606 - Disclosure - Pension plans and other postretirement benefits Pension plans and other postretirement benefits R14.xml false Sheet 0607 - Disclosure - Earnings per common share Earnings per common share R15.xml false Sheet 0608 - Disclosure - Comprehensive income Comprehensive income R16.xml false Sheet 0609 - Disclosure - Derivative financial instruments Derivative financial instruments R17.xml false Sheet 0610 - Disclosure - Fair value measurements Fair value measurements R18.xml false Sheet 0611 - Disclosure - Commitments and contingencies Commitments and contingencies R19.xml false Sheet 0612 - Disclosure - Segment information Segment information R20.xml false Sheet 0613 - Disclosure - Relationship with Bayview Lending Group LLC and Bayview Financial Holdings, L.P. Relationship with Bayview Lending Group LLC and Bayview Financial Holdings, L.P. R21.xml false Book All Reports All Reports 1 46 7 0 4 192 false false BalanceAsOf_31Dec2007_Common_stock_issuable 1 BalanceAsOf_30Jun2008_Retained_earnings 1 BalanceAsOf_31Dec2007_Common_stock 1 SixMonthsEnded_30Jun2008_Treasury_stock 4 SixMonthsEnded_30Jun2009_Additional_paid_in_capital 8 SixMonthsEnded_30Jun2009_Treasury_stock 6 BalanceAsOf_30Jun2008_Accumulated_other_comprehensive_income__loss___net 1 BalanceAsOf_30Jun2009_Additional_paid_in_capital 1 BalanceAsOf_31Dec2007_Retained_earnings 1 BalanceAsOf_31Dec2007_Additional_paid_in_capital 1 BalanceAsOf_30Jun2009_Common_stock_issuable 1 BalanceAsOf_30Jun2009_Common_stock 1 BalanceAsOf_30Jun2008_Additional_paid_in_capital 1 BalanceAsOf_31Dec2008_Common_stock 1 SixMonthsEnded_30Jun2008_Accumulated_other_comprehensive_income__loss___net 3 SixMonthsEnded_30Jun2009_Common_stock_issuable 1 BalanceAsOf_31Dec2008_Preferred_stock 1 BalanceAsOf_30Jun2008 4 SixMonthsEnded_30Jun2008 107 BalanceAsOf_31Dec2008 54 BalanceAsOf_30Jun2009_Preferred_stock 1 SixMonthsEnded_30Jun2008_Retained_earnings 4 SixMonthsEnded_30Jun2008_Common_stock_issuable 1 ThreeMonthsEnded_30Jun2008 46 BalanceAsOf_30Jun2008_Common_stock_issuable 1 BalanceAsOf_31Dec2008_Retained_earnings 1 BalanceAsOf_31Dec2007 3 BalanceAsOf_31Dec2007_Treasury_stock 1 BalanceAsOf_24Jul2009 1 BalanceAsOf_31Dec2007_Accumulated_other_comprehensive_income__loss___net 1 BalanceAsOf_31Dec2008_Treasury_stock 1 SixMonthsEnded_30Jun2008_Additional_paid_in_capital 5 SixMonthsEnded_30Jun2009_Preferred_stock 2 BalanceAsOf_31Dec2008_Additional_paid_in_capital 1 BalanceAsOf_30Jun2008_Treasury_stock 1 January-01-2009_June-30-2009 133 BalanceAsOf_31Dec2008_Common_stock_issuable 1 ThreeMonthsEnded_30Jun2009 46 BalanceAsOf_30Jun2009_Retained_earnings 1 BalanceAsOf_30Jun2009 54 SixMonthsEnded_30Jun2009_Retained_earnings 6 BalanceAsOf_31Dec2008_Accumulated_other_comprehensive_income__loss___net 1 BalanceAsOf_30Jun2008_Common_stock 1 SixMonthsEnded_30Jun2009_Accumulated_other_comprehensive_income__loss___net 3 BalanceAsOf_30Jun2009_Treasury_stock 1 BalanceAsOf_30Jun2009_Accumulated_other_comprehensive_income__loss___net 1 true true EXCEL 29 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls MT,\1X*&Q&N$`````````````````````/@`#`/[_"0`&```````````````" M`````0``````````$```[P````$```#^____```````````"````________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M_______________________]_____O____W___\$````!0````8````'```` M"`````D````*````"P````P````-````#@````\````0````$0```!(````3 M````%````!4````6````%P```!@````9````&@```!L````<````'0```!X` M```?````(````"$````B````(P```"0````E````)@```"<````H````*0`` M`"H````K````+````"T````N````+P```#`````Q````,@```#,````T```` M-0```#8````W````.````#D````Z````.P```#P````]````/@```#\```!` M````00```$(```!#````1````$4```!&````1P```$@```!)````2@```$L` M``!,````30```$X```!/````4````%$```!2````4P```%0```!5````5@`` M`%<```!8````60```%H```!;````7````%T```!>````7P```&````!A```` M8@```&,```!D````90```&8```!G````:````&D```!J````:P```&P```!M M````;@```&\```!P````<0```'(```!S````=````'4```!V````=P```'@` M``!Y````>@```'L```!\````?0```'X```!_````@````%(`;P!O`'0`(`!% M`&X`=`!R`'D````````````````````````````````````````````````` M```````````6``4`__________\"```````````````````````````````` M`````````)!77[7.+,H!\````$`!````````5P!O`'(`:P!B`&\`;P!K```` M```````````````````````````````````````````````````````````` M`!(``@#_______________\````````````````````````````````````` M```````````#````Q]8!```````%`%,`=0!M`&T`80!R`'D`20!N`&8`;P!R M`&T`80!T`&D`;P!N````````````````````````````````````*``"`0$` M```#````_____P`````````````````````````````````````````````` M``````"```````````4`1`!O`&,`=0!M`&4`;@!T`%,`=0!M`&T`80!R`'D` M20!N`&8`;P!R`&T`80!T`&D`;P!N```````````````X``(`____________ M____`````````````````````````````````````````````````@```*`` M````````@0```((```"#````A````(4```"&````AP```(@```")````B@`` M`(L```",````C0```(X```"/````D````)$```"2````DP```)0```"5```` ME@```)<```"8````F0```)H```";````G````)T```">````GP```*````"A M````H@```*,```"D````I0```*8```"G````J````*D```"J````JP```*P` M``"M````K@```*\```"P````L0```+(```"S````M````+4```"V````MP`` M`+@```"Y````N@```+L```"\````O0```+X```"_````P````,$```#"```` MPP```,0```#%````Q@```,<```#(````R0```,H```#+````S````,T```#. 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Derivative financial instruments</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">As part of managing interest rate risk, the Company enters into interest rate swap agreements to modify the repricing characteristics of certain portions of the Company&#8217;s portfolios of earning assets and interest-bearing liabilities. The Company designates interest rate swap agreements utilized in the management of interest rate risk as either fair value hedges or cash flow hedges. Interest rate swap agreements are generally entered into with counterparties that meet established credit standards and most contain master netting and collateral provisions protecting the at-risk party. 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The Company designates certain of the commitments to sell real estate loans as fair value hedges of real estate loans held for sale. Changes in unrealized gains and losses are included in mortgage banking revenues and, in general, are realized in subsequent periods as the related loans are sold and commitments satisfied. For the three months ended June&#160;30, 2009, net unrealized pre-tax gains of $26,546,000 related to commitments to sell real estate loans, net unrealized pre-tax losses of $12,361,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $13,367,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. For the three months ended June&#160;30, 2008, net unrealized pre-tax gains of $10,553,000 related to commitments to sell real estate loans, net unrealized pre-tax losses of $4,009,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $11,592,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. For the six months ended June&#160;30, 2009, net unrealized pre-tax gains of $25,611,000 related to commitments to sell real estate loans, net unrealized pre-tax gains of $1,410,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $11,610,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. For the six months ended June&#160;30, 2008, net unrealized pre-tax gains of $6,925,000 related to commitments to sell real estate loans, net unrealized pre-tax gains of $882,000 related to commitments to originate real estate loans and net unrealized pre-tax losses of $7,654,000 related to hedged real estate loans held for sale were recognized in the consolidated statement of income. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">&#160;&#160;&#160;&#160;&#160;The aggregate fair value of derivative financial instruments in a net liability position at June&#160;30, 2009 for which the Company was required to post collateral was $257&#160;million. The fair value of collateral posted for such instruments was $251&#160;million. </div> </div> </body> </html> <!-- Begin Block Tagged Note 9 - us-gaap:ScheduleOfDerivativeInstrumentsTextBlock--> 9. Derivative financial instruments As part of managing false false No definition available. 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