Sallie Mae Bank
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Data as of · sourced from FFIEC call reports. How we update
Sallie Mae Bank is an FDIC-insured commercial bank headquartered in Salt Lake City, UT, established in 2005 (FDIC certificate 58177), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $28.54B, down 3.4% from Q2 2025, the 8th largest of 44 banks headquartered in Utah. Its CET1 capital ratio was 11.78% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58177
- Headquarters
- Salt Lake City, UT
- Established
- 2005
- Total assets, Q2 2026
- $28.54B
- Assets vs Q2 2025
- -3.4%
- CET1 ratio, Q2 2026
- 11.78%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 124385119
- Latest call report
- Q2 2026, FFIEC 041 · Sallie Mae Bank call report
- Asset rank in state
- 8th of 44 in Utah
Sallie Mae Bank earns an unusually wide margin on its lending. It reported $28.5 billion in assets at June 30, 2026, down 3.4% from a year earlier. It keeps 4.95 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 3.63 cents). On the other hand, it pays an average of 4.01% on its deposits and borrowings, about double the median of 1.92% for banks its size.
Net income for the quarter slipped 12% from a year earlier, to $85 million. Over the same year, loans shrank 7.0% and deposits shrank 2.3%. Where it has less room is capital: it holds common equity equal to 11.78% of its risk-weighted assets, lower than about three-quarters of banks its size (median 12.98%).
As of June 30, 2026, Sallie Mae Bank reported a CET1 capital ratio of 11.78%, a return on assets of 1.17%, a nonperforming-loan ratio of 0.65% and a Texas ratio of 3.20%. The figures come from its call report filed with the FFIEC.
Of the 44 banks headquartered in Utah, Sallie Mae Bank is the 8th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 3.1% to $28.54B, loans fell 2.1% and deposits fell 2.4%. Its loan book on June 30, 2026 was led by other consumer loans, at 99.9% of total loans, followed by all other loans at 0.1%. Its one office in the FDIC Summary of Deposits is in Salt Lake City, UT. By the capital ratios in its Q2 2026 call report, Sallie Mae Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 175 S West Temple, Salt Lake City, UT 84101
- County
- Salt Lake
- Metro Area
- Salt Lake City-Murray, UT
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- November 28, 2005
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 1,981
- Domestic deposits
- $20.33B
- Allowance for credit losses
- $1.36B
- Net charge-offs (YTD)
- $201.9M
- Average total assets
- $29.03B
- Average total loans
- $21.19B
- Average interest-bearing deposits
- $20.57B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- November 28, 2005
- FDIC Cert
- 58177
- Fed RSSD
- 3394278
- Website
- www.salliemae.com →
- Parent Holding Company
- RSSD 3336522
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Sallie Mae Bank's total assets ranged from $28.33B (Q1 2024) to $30.04B (Q4 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$28.54B total assets against $29.55B; $25.63B total liabilities against $26.61B.
$19.76B net loans and leases against $21.22B; $20.33B total deposits against $20.81B.
$1.72B securities against $1.65B; $4.78B cash and balances due against $4.24B.
$604.9M total interest income against $658.9M; $257.2M total interest expense against $270.2M.
$347.7M net interest income against $388.6M.
$66.8M total noninterest income against $30.8M; $173.9M total noninterest expense against $150.0M.
$125.5M provision for credit losses against $148.9M.
$85.2M net income against $96.5M.
1.17% return on assets against 1.31%; 4.95% net interest margin against 5.45%.
11.78% CET1 capital ratio against 11.47%; 10.17% tier 1 leverage ratio against 10.21%.
Inside the full Sallie Mae Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Sallie Mae Bank rankings
Its closest position to the top of a national ranking is 74 of 4,196, for total assets; its furthest is 953 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.36% (Q3 2024) to 4.52% (Q1 2025) and its net interest margin ran from 4.95% (Q2 2026) to 5.45% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.78% | 1.17% | 0.65% | 3.20% | 4.95% |
| Q1 2026 | 12.36% | 4.31% | 0.71% | 3.46% | 5.40% |
| Q4 2025 | 11.09% | 3.61% | 0.67% | 3.50% | 5.42% |
| Q3 2025 | 11.27% | 2.15% | 0.63% | 3.19% | 5.40% |
| Q2 2025 | 11.47% | 1.31% | 0.55% | 2.84% | 5.45% |
| Q1 2025 | 11.58% | 4.52% | 0.63% | 3.22% | 5.35% |
| Q4 2024 | 11.33% | 1.63% | 0.63% | 3.44% | 5.08% |
| Q3 2024 | 11.58% | -0.36% | 0.71% | 2.89% | 5.15% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Sallie Mae Bank (main office) | Salt Lake City , UT | 84101 | $20.33B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.7% of deposits in UT, rank 10 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Sallie Mae Bank
What are Sallie Mae Bank's total assets?
As of the Q2 2026 filing, Sallie Mae Bank reported total assets of $28.54 billion in its FFIEC call report.
Where is Sallie Mae Bank headquartered?
It is headquartered in Salt Lake City, UT, United States.
When was Sallie Mae Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Sallie Mae Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Sallie Mae Bank?
Sallie Mae Bank's primary federal regulator is the FDIC.
What is Sallie Mae Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.78% in its Q2 2026 call report, above regulatory requirements.
How many branches does Sallie Mae Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Sallie Mae Bank's Texas Ratio?
Its Texas Ratio is 3.20% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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