Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 7

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 7
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Collateralized loan obligations (3)3,209 100 9,852 100 All other debt securities (4)2,331 89 3,214 57 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 June 30, 2025, and December 31, 2024.(2)Includes federal agency mortgage-backed securities.(3)100% were rated AA- and above at both June 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 June 30, 2025, and December 31, 2024. Net charge-offs on debt securities were insignificant in the second quarter and first half of both 2025 and 2024.

66Wells Fargo & Company

Unrealized Losses of Available-for-Sale Debt SecuritiesTable 3.5 shows the gross unrealized losses and fair value of AFS debt securities by length of time those individual securities in each category have been in a continuous loss position. Debt securities on which we have recorded credit impairment are categorized as being “less than 12 months” or “12 months or more” in a continuous loss position based on the point in time that the fair value declined to below the amortized cost basis, net of