Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 121

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 3
Chunk 121
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 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 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 June 30, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agencies$(40)19,021 (327)5,876 (367)24,897 Securities of U.S. states and political subdivisions(20)691 (517)6,177 (537)6,868 Federal agency mortgage-backed securities(634)52,475 (4,284)38,785 (4,918)91,260 Non-agency mortgage-backed securities(2)424 (27)1,052 (29)1,476 Collateralized loan obligations(1)273 — — (1)273 Other debt securities— — (2)114 (2)114 Total available-for-sale debt securities$(697)72,884 (5,