Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 147

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 5
Chunk 147
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 — — Total commercial$3,637 37 18 3,692 87 102 June 30, 2024Commercial and industrial$617 8 5 630 60 97 Commercial real estate762 6 50 818 — — Total commercial$1,379 14 55 1,448 60 97 

Wells Fargo & Company83

Note 5:  Loans and Related Allowance for Credit Losses (continued)

Table 5.17 presents the outstanding balance of modified consumer loans and the related financial effects of these modifications. Modified loans within the Auto and Other consumer loan classes were insignificant in the second quarter and first half of both 2025 and 2024, and accordingly, are excluded from the following tables and disclosures.Loans in a trial payment period are not included in the following loan modification disclosures until the borrower has successfully completed the trial period and the loan modification is formally executed. Residential mortgage loans in a trial payment period totaled $127 million and $110 million at June 30, 2025 and 2024, respectively.Table 5.17:  Consumer Loan Modifications and Financial EffectsQuarter ended June 30,Six months ended June 30,($ in millions)2025202420252024Residential mortgage modifications (1):Payment delay$304 118 $423 199 Term extension9 8 18 19 Term extension and payment delay23 27 48 53 Interest rate reduction, term extension, and payment delay14 13 26 24 All other modifications and combinations7 8 16 23 Total residential mortgage modifications$357 174 $531 318 Total residential mortgage modifications as a % of loan class0.15 %0.07 0.22 %0.12 Financial effects:Weighted average interest rate reduction1.63 %1.83 1.69 %1.81 Weighted average payments deferred (months) (2)4646Weighted average term extension (years)10.910.811.210.8Credit card modifications:Interest rate reduction$251 180 $521 336 Total credit card modifications$251 180 $521 336 Total credit card modifications as a % of loan class0.45 %0.33 0.94 %0.63 Financial effects:Weighted average interest rate reduction21.50 %