Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 190

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 12
Chunk 190
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 June 30, 2025, and December 31, 2024, respectively.The total of the fair value calculations presented does not represent, and should not be construed to represent, the underlying fair value of the Company.Table 12.9:  Fair Value Estimates for Financial Instruments Estimated fair value (in millions)Carrying amountLevel 1 Level 2 Level 3 TotalJune 30, 2025Financial assetsCash and due from banks (1)$35,081 35,081 — — 35,081 Interest-earning deposits with banks (1) 159,480 159,145 335 — 159,480 Federal funds sold and securities purchased under resale agreements (1)104,815 — 104,815 — 104,815 Held-to-maturity debt securities221,493 2,039 178,598 3,142 183,779 Loans held for sale (2)3,069 — 2,826 284 3,110 Loans, net (2)895,609 — 2,234 865,411 867,645 Equity securities (cost method)4,143 — — 4,236 4,236 Total financial assets$1,423,690 196,265 288,808 873,073 1,358,146 Financial liabilitiesDeposits (3)$134,594 — 51,291 82,725 134,016 Short-term borrowings187,710 — 187,711 — 187,711 Long-term debt (4)170,570 — 172,796 2,213 175,009 Total financial liabilities$492,874 — 411,798 84,938 496,736 December 31, 2024Financial assetsCash and due from banks (1)$37,080 37,080 — — 37,080 Interest-earning deposits with banks (1)166,281 165,903 378 — 166,281 Federal funds sold and securities purchased under resale agreements (1)105,330 — 105,330 — 105,330 Held-to-maturity debt securities234,948 2,015 188,756 3,008 193,779 Loans held for sale1,547 — 1