Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 111

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 3
Chunk 111
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4,880 Fair value11,539 213 3,636 3,031 4,659 Weighted average yield3.25 %2.60 3.11 3.22 3.41 Federal agency mortgage-backed securitiesAmortized cost, net$138,744 20 67 490 138,167 Fair value134,088 20 66 475 133,527 Weighted average yield4.55 %2.80 3.89 3.44 4.55 Non-agency mortgage-backed securitiesAmortized cost, net$1,772 — — 75 1,697 Fair value1,738 — — 71 1,667 Weighted average yield4.24 %— — 4.75 4.21 Collateralized loan obligationsAmortized cost, net$2,476 — 109 713 1,654 Fair value2,475 — 109 713 1,653 Weighted average yield5.76 %— 6.28 5.90 5.66 Other debt securitiesAmortized cost, net$551 49 144 342 16 Fair value599 53 153 367 26 Weighted average yield4.92 %5.81 7.89 3.68 1.64 Total available-for-sale debt securitiesAmortized cost, net (1)$181,690 882 12,916 20,099 147,793 Fair value176,229 884 12,595 19,916 142,834 Weighted average yield (2)4.33 %3.85 2.75 4.16 4.49 (1)Amortized cost, net excludes portfolio level basis adjustments of $59 million.(2)Weighted average yields are calculated using the effective yield method and are weighted based on amortized cost, net of ACL. The 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.

Wells Fargo & Company