Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 118

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 3
Chunk 118
---
Note 3:  Available-for-Sale and Held-to-Maturity Debt SecuritiesTable 3.1 provides the amortized cost, net of the allowance for credit losses (ACL) for debt securities, and fair value by major categories of available-for-sale (AFS) debt securities, which are carried at fair value, and held-to-maturity (HTM) debt securities, which are carried at amortized cost, net of the ACL. The net unrealized gains (losses) for AFS debt securities are reported as a component of accumulated other comprehensive income (AOCI), net of the ACL and applicable income taxes. Information on debt securities held for trading is included in Note 2 (Trading Activities). For both AFS and HTM debt securities, amortized cost is the unpaid principal amount, net of unamortized basis adjustments. Basis adjustments may include purchase premiums or discounts, fair value hedge accounting basis adjustments, fair value write-downs related to recognition of intent to sell, impairment losses, and charge-offs or recoveries of amounts deemed uncollectible.Outstanding balances exclude accrued interest receivable on AFS and HTM debt securities, which are included in other assets. See Note 7 (Intangible Assets and Other Assets) for additional information on accrued interest receivable. Amounts considered to be uncollectible are reversed through interest income.Table 3.1:  Available-for-Sale and Held-to-Maturity Debt Securities Outstanding(in millions)Amortizedcost, net (1)Gross unrealized gainsGrossunrealized lossesNet unrealized gains (losses)Fair valueSeptember 30, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$48,384 59 (294)(235)48,149 Securities of U.S. states and political subdivisions (2)10,931 30 (398)(368)10,563 Federal agency mortgage-backed securities143,517 1,130 (3,804)(2,674)140,843 Non-agency mortgage-backed securities (3)1,949 3 (18)(15)1,934 Collateralized loan obligations4,829 13 — 13 4,842 Other debt securities294 59 (2)57 351 Total available-for-sale debt securities, excluding portfolio level basis adjustments209,904 1,294 (4,516)(3,222)206,682 Portfolio level basis