Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 10

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 10
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099 147,793 Fair value176,229 884 12,595 19,916 142,834 Weighted average yield (2)4.33 %3.85 2.75 4.16 4.49 (1)Amortized cost, net excludes portfolio level basis adjustments of $59 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.

Wells Fargo & Company65

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

Table 3.7:  Contractual Maturities – Held-to-Maturity Debt SecuritiesBy remaining contractual maturity ($ in millions)TotalWithinone yearAfterone yearthroughfive yearsAfterfive yearsthroughten yearsAfterten yearsMarch 31, 2025Held-to-maturity debt securities: Securities of U.S. Treasury and federal agenciesAmortized cost, net$3,795 — — — 3,795 Fair value2,087 — — — 2,087 Weighted average yield1.59 %— — — 1.59 Securities of U.S. states and political subdivisionsAmortized cost, net$18,107 148 511 477 16,971 Fair value14,408 147 498 448 13,315 Weighted average yield2.39 %0.91 2.36 2.63 2.40 Federal agency mortgage-backed securitiesAmortized cost, net$190,606 — — — 190,606 Fair value158,291 — — — 158,291 Weighted average yield2.35 %— — — 2.35 Non-agency mortgage-backed securitiesAmortized cost, net$1,421 — 40 41 1,340 Fair value1,420 — 46 44 1,330 Weighted average