Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 9

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 9
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 than not that we will not be required to sell, prior to recovery of the amortized cost basis. We evaluate, where necessary, whether credit impairment exists by comparing the present value of the expected cash flows to the debt securities’ amortized cost basis. Credit impairment is recorded as an ACL for debt securities.For descriptions of the factors we consider when analyzing debt securities for impairment as well as methodology and significant inputs used to measure credit losses, see Note 1 (Summary of Significant Accounting Policies) in our 2024 Form 10-K.

Wells Fargo & Company67

Note 3:  Available-for-Sale and Held-to-Maturity Debt Securities (continued)

Contractual MaturitiesTable 3.6 and Table 3.7 show the remaining contractual maturities of AFS and HTM debt securities, respectively.Table 3.6:  Contractual Maturities – Available-for-Sale Debt SecuritiesBy remaining contractual maturity ($ in millions)TotalWithinone yearAfterone yearthroughfive yearsAfterfive yearsthroughten yearsAfterten yearsJune 30, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agenciesAmortized cost, net$32,356 818 8,878 21,296 1,364 Fair value31,999 818 8,649 21,256 1,276 Weighted average yield3.63%4.17 2.44 4.25 1.44 Securities of U.S. states and political subdivisionsAmortized cost, net$11,382 229 3,722 3,098 4,333 Fair value10,865 228 3,658 2,931 4,048 Weighted average yield3.05%2.04 2.79 3.05 3.34 Federal agency mortgage-backed securitiesAmortized cost, net$140,921 20 78 1,658 139,165 Fair value136,465 20 78 1,643 134,724 Weighted average yield4.56%2.80 3.73 4.40 4.56 Non-agency mortgage-backed securitiesAmortized cost, net$1,735 — — 71 1,664 Fair value1,707 — — 69 1,638 Weighted average yield4.23%— — 4.