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

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 10
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79 4.20 Collateralized loan obligationsAmortized cost, net$3,201 — 54 675 2,472 Fair value3,209 — 54 676 2,479 Weighted average yield5.72%— 6.24 5.87 5.67 Other debt securitiesAmortized cost, net$577 75 138 348 16 Fair value624 78 148 372 26 Weighted average yield4.60%5.42 8.21 3.13 1.65 Total available-for-sale debt securitiesAmortized cost, net (1)$190,172 1,142 12,870 27,146 149,014 Fair value184,869 1,144 12,587 26,947 144,191 Weighted average yield (2)4.33%3.80 2.63 4.15 4.51 (1)Amortized cost, net excludes portfolio level basis adjustments of $112 million.(2)Weighted average yields are calculated using the effective yield method and are weighted based on amortized cost, net of ACL. The effective yield method is calculated using the contractual coupon and the impact of any premiums and discounts and is shown pre-tax. We have not included the effect of any related hedging derivatives. The effective yield for mortgage-backed securities excludes unscheduled principal payments, and remaining expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations before the underlying mortgages mature.

68Wells Fargo & Company

Table 3.7:  Contractual Maturities – Held-to-Maturity Debt SecuritiesBy remaining contractual maturity ($ in millions)TotalWithinone yearAfterone yearthroughfive yearsAfterfive yearsthroughten yearsAfterten yearsJune 30, 2025Held-to-maturity debt securities: Securities of U.S. Treasury and federal agenciesAmortized cost, net$3,796 — — — 3,796 Fair value2,039 — — — 2,039 Weighted average yield1.60%— — — 1.60 Securities of U.S. states and political subdivisionsAmortized cost, net$18,026 277 411 522 16,816 Fair value13,954 277 402 494