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Sallie Mae Bank: Deposit Base

Data as of · Call Report Schedules RC-E and RC-O How we update

How the bank is funded. Core deposits are the stable, mostly-insured relationship money; brokered and uninsured balances are the fastest to leave. The 2023 regional bank failures were runs on uninsured deposits, which is why that share now gets read first.

Brokered deposits to total deposits dropped 1.11 percentage points in Q2 2026, from 41.68% to 40.56%. It was the largest change from Q1 2026 among the key lines here. Sallie Mae Bank ranks 8th of 44 Utah banks on total deposits, in the upper half at $20.33B (Q2 2026). The median for banks in the $10B-100B asset tier is $18.37B on total deposits. Sallie Mae Bank sits 11% higher, at $20.33B (Q2 2026).

Deposit totals

Deposit totals for Sallie Mae Bank, Q2 2026
Line item Q2 2026
Total deposits $20.33B
Domestic office deposits $20.33B
Foreign office deposits —
Deposits to total assets 71.22%
Deposits to total liabilities 79.30%

Deposit composition

Deposit composition for Sallie Mae Bank, Q2 2026
Line item Q2 2026
Demand deposits $0
Savings deposits $1.53B
Transaction accounts to domestic deposits 0.00%
Time deposits $46K
Time deposits under $100k $6.32B
Time deposits $100k to $250k $1.70B
Time deposits over $250k $1.24B
Noninterest-bearing share of deposits 0.53%

Stability of funding

Stability of funding for Sallie Mae Bank, Q2 2026
Line item Q2 2026
Core deposits $10.88B
Core deposits to total deposits 53.51%
Insured deposits $18.87B
Uninsured deposits $1.45B
Uninsured deposits to total deposits 7.15%
Brokered deposits $8.25B
Brokered deposits to total deposits 40.56%

Cost of deposits

Cost of deposits for Sallie Mae Bank, Q2 2026
Line item Q2 2026
Cost of interest-bearing deposits 3.79%
Interest expense on deposits $194.1M
Loans and leases to core deposits 110.67%

Deposit Base trend

Last 12 quarters as filed. Every value plotted here also appears in the tables above.

Total deposits
Core, uninsured and brokered shares
Cost of interest-bearing deposits

Deposit Base by quarter

Values plotted above, Sallie Mae Bank, oldest first
Quarter Total depositsCore depositsUninsured depositsBrokered depositsCost of interest-bearing deposits
Q3 2023 $21.75B 48.40% 4.74% 47.71% 4.02%
Q4 2023 $21.89B 48.94% 4.76% 46.95% 4.15%
Q1 2024 $21.21B 46.97% 5.24% 48.51% 4.28%
Q2 2024 $21.07B 47.74% 5.49% 47.61% 4.20%
Q3 2024 $21.70B 48.96% 5.26% 45.36% 4.43%
Q4 2024 $21.46B 50.34% 6.12% 44.16% 4.32%
Q1 2025 $20.43B 52.37% 6.04% 42.54% 4.10%
Q2 2025 $20.81B 53.25% 5.90% 41.28% 4.09%
Q3 2025 $20.23B 55.89% 5.93% 38.25% 4.14%
Q4 2025 $21.52B 53.55% 6.56% 40.81% 3.99%
Q1 2026 $20.82B 52.52% 6.37% 41.68% 3.86%
Q2 2026 $20.33B 53.51% 7.15% 40.56% 3.79%

Sallie Mae Bank deposit base, all the way back

Deposit Base back to 2001 · peer percentiles on every line item · Excel export

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Source: Call Report Schedules RC-E and RC-O, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Sallie Mae Bank profile, peer group comparison, or how this data updates.

Regulator records: FDIC BankFind (cert 58177) · FFIEC NIC profile (RSSD 3394278)