September 30, 2023

December 31, 2022

(In thousands)

Short-term borrowings

Federal funds purchased and repurchase agreements

$

530,663

$

354,670

FHLB Advances

6,200,000

3,200,281

Total short-term borrowings

$

6,730,663

$

3,554,951

Long-term borrowings

Asset-backed notes

$

516,668

$

—

FHLB Advances

4,956

5,183

Senior notes - M&T

1,377,985

1,220,965

Senior notes - M&T Bank

3,741,161

1,249,141

Subordinated notes - M&T

76,339

77,337

Subordinated notes - M&T Bank

857,876

866,296

Junior subordinated debentures - M&T

538,932

536,080

Other

9,509

9,535

Total long-term borrowings

$

7,123,426

$

3,964,537