Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 5

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 5
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5, 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 debt securities$33 21 $139 69 (1)Inclusive of non-cash purchases from securitization of loans held for sale (LHFS).Table 3.3 shows the composition of interest income, provision for credit losses, and gross realized gains and lossesfrom sales and impairment write-downs included in earnings related to AFS and HTM debt securities (pre-tax).Table 3.3:  Income Statement Impacts for Available-for-Sale and Held-to-Maturity Debt SecuritiesQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Interest income (1):Available-for-sale$2,319 1,718 $6,407 4,633 Held-to-maturity1,259 1,583 3,947 5,016 Total interest income 3,578 3,301 10,354 9,649 Provision for credit losses:Available-for-sale4 13 (1)29