Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 120

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 3
Chunk 120
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3,342)14,858 Federal agency mortgage-backed securities193,982 — (36,029)(36,029)157,953 Non-agency mortgage-backed securities (3)1,364 50 (81)(31)1,333 Collateralized loan obligations15,888 56 — 56 15,944 Other debt securities1,720 — (44)(44)1,676 Total held-to-maturity debt securities234,948 106 (41,275)(41,169)193,779 Total$405,555 261 (49,102)(48,798)356,757 (1)Represents amortized cost of the securities, net of the ACL of $23 million and $34 million related to AFS debt securities at September 30, 2025, and December 31, 2024, respectively, and $94 million and $95 million related to HTM debt securities at September 30, 2025, and December 31, 2024, respectively.(2)Includes investments in tax-exempt preferred debt securities issued by investment funds or trusts that predominantly invest in tax-exempt municipal securities. The amortized cost, net of the ACL, and fair value of these types of securities, was $2.6 billion at September 30, 2025, and $2.8 billion at December 31, 2024.(3)Predominantly consists of commercial mortgage-backed securities at both September 30, 2025, and December 31, 2024.(4)Represents fair value hedge basis adjustments related to active portfolio layer method hedges of AFS debt securities, which are not allocated to individual securities in the portfolio. For additional information, see Note 11 (Derivatives).

Wells Fargo & Company63

Note 3:  Available-for-Sale and Held-to-Maturity Debt Securities (continued)

Table 3.2 details the breakout of purchases of HTM debt securities by major category of security. There were no transfers to HTM debt securities during the periods presented below.Table 3.2:  Held-to-Maturity Debt Securities PurchasesQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Purchases of held-to-maturity debt securities (1):Non-agency mortgage-backed securities$33 21 $139 69 Total purchases of held-to-maturity