Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 124

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 3
Chunk 124
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 effective yield method is calculated using the contractual coupon and the impact of any premiums and discounts and is shown pre-tax. We have not included the effect of any related hedging derivatives. The effective yield for mortgage-backed securities excludes unscheduled principal payments, and remaining expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations before the underlying mortgages mature.

68Wells Fargo & Company

Table 3.7:  Contractual Maturities – Held-to-Maturity Debt SecuritiesBy remaining contractual maturity ($ in millions)TotalWithinone yearAfterone yearthroughfive yearsAfterfive yearsthroughten yearsAfterten yearsJune 30, 2025Held-to-maturity debt securities: Securities of U.S. Treasury and federal agenciesAmortized cost, net$3,796 — — — 3,796 Fair value2,039 — — — 2,039 Weighted average yield1.60%— — — 1.60 Securities of U.S. states and political subdivisionsAmortized cost, net$18,026 277 411 522 16,816 Fair value13,954 277 402 494 12,781 Weighted average yield2.41%2.11 2.06 2.58 2.42 Federal agency mortgage-backed securitiesAmortized cost, net$186,699 — — — 186,699 Fair value154,769 — — — 154,769 Weighted average yield2.35%— — — 2.35 Non-agency mortgage-backed securitiesAmortized cost, net$1,411 — 39 22 1,350 Fair value1,429 — 47 24 1,358 Weighted average yield3.66%— 5.04 2.69 3.63 Collateralized loan obligationsAmortized cost, net$9,840 — 319 9,521 — Fair value9,875 — 320 9,555 — Weighted average yield5.92%— 5.94 5.92 — Other debt securitiesAmortized cost, net$1,721 — 979 742 — Fair value1,713 — 962 751 — Weighted average yield5