Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 9

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 9
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ized losses exclude portfolio level basis adjustments.We have assessed each debt security with gross unrealized losses included in the previous table for credit impairment. As part of that assessment we evaluated and concluded that we do not intend to sell any of the debt securities, and that it is more likely than not that we will not be required to sell, prior to recovery of the amortized cost basis. We evaluate, where necessary, whether credit impairment exists by comparing the present value of the expected cash flows to the debt securities’ amortized cost basis. Credit impairment is recorded as an ACL for debt securities.For descriptions of the factors we consider when analyzing debt securities for impairment as well as methodology and significant inputs used to measure credit losses, see Note 1 (Summary of Significant Accounting Policies) in our 2024 Form 10-K.

66Wells Fargo & Company

Contractual MaturitiesTable 3.6 and Table 3.7 show the remaining contractual maturities of AFS and HTM debt securities, respectively.Table 3.6:  Contractual Maturities – Available-for-Sale Debt SecuritiesBy remaining contractual maturity ($ in millions)TotalWithinone yearAfterone yearthroughfive yearsAfterfive yearsthroughten yearsAfterten yearsSeptember 30, 2025Available-for-sale debt securities:Securities of U.S. Treasury and federal agenciesAmortized cost, net$48,384 1,161 8,887 36,976 1,360 Fair value48,149 1,161 8,687 37,006 1,295 Weighted average yield3.78%3.96 2.44 4.18 1.44 Securities of U.S. states and political subdivisionsAmortized cost, net$10,931 781 3,267 2,715 4,168 Fair value10,563 780 3,199 2,597 3,987 Weighted average yield3.36%3.27 2.92 3.44 3.68 Federal agency mortgage-backed securitiesAmortized cost, net$143,517 3 153 2,024 141,337 Fair value140,843 3 153 2,017 138,670 Weighted average yield4.60%2.06 4.08 4.42 4.60 Non-agency mortgage-backed securitiesAmortized cost, net$1,949