Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 68

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 68
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 the valuation of our Level 3 assets and liabilities, including how changes in these inputs affect fair value estimates, see Note 15 (Fair Value Measurements) in our 2024 Form 10-K.

Wells Fargo & Company101

Note 12:  Fair Value Measurements (continued)

Assets and Liabilities Recorded at Fair Value on a Nonrecurring BasisWe may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from write-downs of individual assets or the application of an accounting method such as LOCOM and the measurement alternative.Table 12.4 provides the fair value hierarchy and fair value at the date of the nonrecurring fair value adjustment for all assets that were still held as of September 30, 2025, and December 31, 2024, and for which a nonrecurring fair value adjustment was recorded during the nine months ended September 30, 2025, and the year ended December 31, 2024.Table 12.4:  Fair Value on a Nonrecurring BasisSeptember 30, 2025December 31, 2024(in millions)Level 2 Level 3 Total Level 2 Level 3 Total Loans held for sale (1)$1,067 186 1,253 841 287 1,128 Loans:Commercial851 — 851 1,376 — 1,376 Consumer80 — 80 91 — 91 Total loans931 — 931 1,467 — 1,467 Equity securities771 1,411 2,182 1,451 2,570 4,021 Other assets9,528 8 9,536 4,959 9 4,968 Total assets at fair value on a nonrecurring basis$12,297 1,605 13,902 8,718 2,866 11,584 (1)Consists of commercial mortgages and residential mortgage – first lien loans.Table 12.5 presents the gains (losses) on all assets held at the end of the reporting periods presented for which a nonrecurring fair value adjustment was recognized in earnings during the respective periods.Table 12.5:  Gains (Losses) on Assets with Nonrecurring Fair Value Adjustments Nine months ended