Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 109

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 3
Chunk 109
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 that are past due and still accruing or in nonaccrual status were insignificant at both March 31, 2025, and December 31, 2024. Net charge-offs on debt securities were insignificant in the first quarter of both 2025 and 2024.

Wells Fargo & Company63

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 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 the allowance for credit losses.Table 3.5:  Gross Unrealized Losses and Fair Value – Available-for-Sale Debt SecuritiesLess than 12 months 12 months or more Total (in millions)Gross unrealized losses (1)Fair value Gross unrealized losses (1)Fair value Gross unrealized losses (1)Fair value March 31, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$(26)4,842 (327)5,847 (353)10,689 Securities of U.S. states and political subdivisions(16)1,160 (497)6,161 (513)7,321 Federal agency mortgage-backed securities(660)50,699 (4,447)39,772 (5,107)90,471 Non-agency mortgage-backed securities(1)499 (34)1,108 (35)1,607 Collateralized loan obligations(2)1,109 — — (2)1,109 Other debt securities— — (3)114 (3)114 Total available-for-sale debt securities$(705)58,309 (5,308)53,002 (6,013)111,311 December 31, 2024Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$(77)14,000 (430)7,778 (507)21,778 Securities of U