Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 7

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 7
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99%Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$188,992 100%$186,336 100%Securities of U.S. states and political subdivisions10,563 99 17,762 100 Collateralized loan obligations (3)4,842 100 6,991 100 All other debt securities (4)2,285 88 3,237 58 December 31, 2024Total portfolio (1)$162,978 99%$235,043 99%Breakdown by category:Securities of U.S. Treasury and federal agencies (2)$146,314 100%$197,777 100%Securities of U.S. states and political subdivisions12,035 99 18,210 100 Collateralized loan obligations (3)2,202 100 15,904 100 All other debt securities (4)2,427 89 3,152 61 (1)99% were rated AA- and above at both September 30, 2025, and December 31, 2024.(2)Includes federal agency mortgage-backed securities.(3)100% were rated AA- and above at both September 30, 2025, and December 31, 2024.(4)Includes non-U.S. government, non-agency mortgage-backed, and all other debt securities.DELINQUENCY STATUS AND NONACCRUAL DEBT SECURITIES.  Debt security issuers that are delinquent in payment of amounts due under contractual debt agreements have a higher probability of recognition of credit losses. As such, as part of our monitoring of the credit quality of the debt security portfolio, we consider whether debt securities we own are past due in payment of principal or interest payments and whether any securities have been placed into nonaccrual status.Debt securities that are past due and still accruing or in nonaccrual status were insignificant at both September 30, 2025, and December 31, 2024. Net charge-offs on debt securities were insignificant in the third quarter and first nine months of both 2025 and 2024.

Wells Fargo & Company65

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

Unrealized Losses of Available-for-Sale Debt SecuritiesTable 3.5 shows the gross unrealized losses and fair value of A