Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Amounts and Interest Rates of Short-term Borrowings

The amounts and interest rates of short-term borrowings were as follows:

	Federal  Funds Purchased and Repurchase Agreements			Other Short-term Borrowings			Total
	(Dollars in thousands)
At December 31, 2012
Amount outstanding	$	1,074,482		$	—		$	1,074,482
Weighted-average interest rate		0.11	%		—			0.11	%
For the year ended December 31, 2012
Highest amount at a month-end	$	1,224,194		$	50,016
Daily-average amount outstanding		822,859			16,043		$	838,902
Weighted-average interest rate		0.15	%		0.57	%		0.15	%
At December 31, 2011
Amount outstanding	$	732,059		$	50,023		$	782,082
Weighted-average interest rate		0.04	%		0.70	%		0.09	%
For the year ended December 31, 2011
Highest amount at a month-end	$	1,389,237		$	142,927
Daily-average amount outstanding		706,749			120,059		$	826,808
Weighted-average interest rate		0.11	%		0.18	%		0.12	%
At December 31, 2010
Amount outstanding	$	866,555		$	80,877		$	947,432
Weighted-average interest rate		0.19	%		0.20	%		0.19	%
For the year ended December 31, 2010
Highest amount at a month-end	$	2,612,727		$	236,842
Daily-average amount outstanding		1,749,525			104,508		$	1,854,033
Weighted-average interest rate		0.15	%		0.33	%		0.16	%

Lines of Credit Under Formal Agreements

At December 31, 2012, the Company had lines of credit under formal agreements as follows:

	M&T		M&T Bank		Wilmington Trust, N.A.
	(In thousands)
Outstanding borrowings	$	—	$	29,586	$	—
Unused		30,000		21,127,615		309,658

Long-term Borrowings

Long-term borrowings were as follows:

	December 31,
	2012		2011
	(In thousands)
Senior notes of M&T — 5.375% due 2012	$	—	$	299,991
Advances from FHLB:
Variable rates		—		1,000,000
Fixed rates		30,066		398,407
Agreements to repurchase securities		1,400,000		1,400,000
Subordinated notes of Wilmington Trust Corporation
(a wholly owned subsidiary of M&T):
4.875% due 2013		251,298		255,839
8.50% due 2018		230,255		237,194
Subordinated notes of M&T Bank:
3.85% due 2013, variable rate commenced in 2008		—		400,000
6.625% due 2017		455,439		452,655
9.50% due 2018		50,000		50,000
5.585% due 2020, variable rate commencing 2015		385,669		378,917
5.629% due 2021, variable rate commencing 2016		583,097		589,516
Junior subordinated debentures of M&T associated with preferred capital securities:
Fixed rates:
M&T Capital Trust I — 8.234%, due 2027		154,640		154,640
M&T Capital Trust II — 8.277%, due 2027		103,093		103,093
M&T Capital Trust III — 9.25%, due 2027		66,434		66,759
BSB Capital Trust I — 8.125%, due 2028		15,566		15,542
Provident Trust I — 8.29%, due 2028		24,746		24,483
Southern Financial Statutory Trust I — 10.60%, due 2030		6,496		6,474
M&T Capital Trust IV — 8.50%, due 2068		350,010		350,010
Variable rates:
First Maryland Capital I — due 2027		144,102		143,564
First Maryland Capital II — due 2027		145,301		144,638
Allfirst Asset Trust — due 2029		95,913		95,768
BSB Capital Trust III — due 2033		15,464		15,464
Provident Trust III — due 2033		51,694		51,244
Southern Financial Capital Trust III — due 2033		7,683		7,623
Other		40,792		44,405
	$	4,607,758	$	6,686,226

Maturity of Long-term Borrowings

Long-term borrowings at December 31, 2012 mature as follows:

	(In thousands)
Year ending December 31:
2013	$	258,102
2014		22,436
2015		5,784
2016		805,129
2017		1,059,716
Later years		2,456,591
	$	4,607,758