XML 45 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
International activities
12 Months Ended
Dec. 31, 2018
International Activities [Abstract]  
International Activities

17.    International activities

The Company engages in limited international activities including certain trust-related services in Europe, collecting Eurodollar deposits, engaging in foreign currency transactions associated with customer activity, providing credit to support the international activities of domestic companies and holding certain loans to foreign borrowers. Assets and revenues associated with international activities represent less than 1% of the Company’s consolidated assets and revenues. International assets included $172 million and $159 million of loans to foreign borrowers at December 31, 2018 and 2017, respectively. Deposits at M&T Bank’s Cayman Islands office were $812 million and $178 million at December 31, 2018 and 2017, respectively. The Company uses such deposits to facilitate customer demand and as an alternative to short-term borrowings when the costs of such deposits seem reasonable. Deposits at M&T Bank’s office in Ontario, Canada were $22 million at December 31, 2018 and $45 million at December 31, 2017. Revenues from providing international trust-related services were approximately $29 million in 2018, $24 million in 2017 and $25 million in 2016.