Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 29

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 29
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Total$1,867 1,867 1,184 291 81 62 23,930 126 29,408 Gross charge-offs (2)$150 165 127 31 5 6 66 10 560 (1)Substantially all loans are revolving securities-based loans originated by the WIM operating segment and therefore do not require a FICO score.(2)Includes charge-offs on overdrafts, which are generally charged-off at 60 days past due. 

Wells Fargo & Company81

Note 5:  Loans and Related Allowance for Credit Losses (continued)

NONACCRUAL LOANS.  Table 5.13 provides loans on nonaccrual status. Nonaccrual loans may have an ACL or a negative allowance for credit losses from expected recoveries of amounts previously written off.Table 5.13:  Nonaccrual LoansOutstanding balanceRecognized interest incomeNonaccrual loansNonaccrual loans without related allowance for credit losses (1)Six months ended June 30,(in millions)Jun 30,2025Dec 31,2024Jun 30,2025Dec 31,202420252024Commercial and industrial$925 763 71 2 12 11 Commercial real estate3,556 3,771 92 41 37 9 Lease financing82 84 16 17 — — Total commercial 4,563 4,618 179 60 49 20 Residential mortgage3,090 2,991 1,898 1,887 84 91 Auto76 89 — — 6 7 Other consumer28 32 — — 2 2 Total consumer 3,194 3,112 1,898 1,887 92 100 Total nonaccrual loans$7,757 7,730 2,077 1,947 141 120 (1)Nonaccrual loans may not have an allowance for credit losses if the loss expectations are zero given the related collateral value.

LOANS IN PROCESS OF FORECLOSURE.  Our recorded investment in consumer mortgage loans collateralized by residential real estate property that are in process of foreclosure was $705 million at both June 30, 2025, and December 31, 2024, which included $556 million and $540