Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 4

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 4
---
791 1 (507)(506)23,285 Securities of U.S. states and political subdivisions (2)12,542 11 (518)(507)12,035 Federal agency mortgage-backed securities129,703 84 (6,758)(6,674)123,029 Non-agency mortgage-backed securities (3)1,844 3 (41)(38)1,806 Collateralized loan obligations2,196 6 — 6 2,202 Other debt securities574 50 (3)47 621 Total available-for-sale debt securities, excluding portfolio level basis adjustments170,650 155 (7,827)(7,672)162,978 Portfolio level basis adjustments (4)(43)43 — Total available-for-sale debt securities170,607 155 (7,827)(7,629)162,978 Held-to-maturity debt securities:Securities of U.S. Treasury and federal agencies3,794 — (1,779)(1,779)2,015 Securities of U.S. states and political subdivisions18,200 — (3,342)(3,342)14,858 Federal agency mortgage-backed securities193,982 — (36,029)(36,029)157,953 Non-agency mortgage-backed securities (3)1,364 50 (81)(31)1,333 Collateralized loan obligations15,888 56 — 56 15,944 Other debt securities1,720 — (44)(44)1,676 Total held-to-maturity debt securities234,948 106 (41,275)(41,169)193,779 Total$405,555 261 (49,102)(48,798)356,757 (1)Represents amortized cost of the securities, net of the ACL of $30 million and $34 million related to AFS debt securities at June 30, 2025, and December 31, 2024, respectively, and $106 million and $95 million related to HTM debt securities at June 30, 2025, and December 31, 2024, respectively.(2)Includes investments in tax-exempt preferred debt securities issued by investment funds or trusts that predominantly invest in tax-exempt municipal securities. The amortized cost, net of the ACL,