Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 192

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 12
Chunk 192
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, which totaled $666 million and $546 million at September 30, 2025, and December 31, 2024, respectively.The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying fair value of the Company.Table 12.9:  Fair Value Estimates for Financial InstrumentsEstimated fair value (in millions)Carrying amountLevel 1 Level 2 Level 3 TotalSeptember 30, 2025Financial assetsCash and due from banks (1)$34,801 34,801 — — 34,801 Interest-earning deposits with banks (1) 139,524 139,191 333 — 139,524 Federal funds sold and securities purchased under resale agreements (1)154,576 — 154,576 — 154,576 Held-to-maturity debt securities214,232 2,076 175,250 3,183 180,509 Loans held for sale (2)3,032 — 2,855 210 3,065 Loans, net (2)914,258 — 946 885,909 886,855 Equity securities (cost method)4,279 — — 4,370 4,370 Total financial assets$1,464,702 176,068 333,960 893,672 1,403,700 Financial liabilitiesDeposits (3)$156,277 — 66,458 89,378 155,836 Short-term borrowings230,347 — 230,348 — 230,348 Long-term debt (4)171,139 — 175,022 1,992 177,014 Total financial liabilities$557,763 — 471,828 91,370 563,198 December 31, 2024Financial assetsCash and due from banks (1)$37,080 37,080 — — 37,080 Interest-earning deposits with banks (1)166,281 165,903 378 — 166,281 Federal funds sold and securities purchased under resale agreements (1)105,330 — 105,330 — 105,330 Held-to-maturity debt securities234,948 2,015 188,756 3,008 193,779 Lo