Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 11

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 11
---
 average yield1.60%— — — 1.60 Securities of U.S. states and political subdivisionsAmortized cost, net$17,750 112 420 471 16,747 Fair value14,288 111 412 459 13,306 Weighted average yield2.45%1.68 2.16 2.65 2.45 Federal agency mortgage-backed securitiesAmortized cost, net$182,539 — — — 182,539 Fair value153,952 — — — 153,952 Weighted average yield2.35%— — — 2.35 Non-agency mortgage-backed securitiesAmortized cost, net$1,440 — 25 22 1,393 Fair value1,467 — 31 24 1,412 Weighted average yield3.73%— 4.63 2.71 3.73 Collateralized loan obligationsAmortized cost, net$6,983 — 206 6,777 — Fair value7,009 — 208 6,801 — Weighted average yield6.01%— 6.42 5.99 — Other debt securitiesAmortized cost, net$1,723 — 1,723 — — Fair value1,717 — 1,717 — — Weighted average yield5.27%— 5.27 — — Total held-to-maturity debt securitiesAmortized cost, net$214,232 112 2,374 7,270 204,476 Fair value180,509 111 2,368 7,284 170,746 Weighted average yield (1)2.50%1.68 4.81 5.77 2.35 (1)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