Sallie Mae Bank: Loan Modifications and Restructuring
Data as of · Call Report Schedules RC-C Memoranda and RC-N How we update
Loans whose terms were changed for a borrower in financial difficulty. Modification postpones a loss rather than removing it, so a modified book growing faster than the non-performing book is worth reading as an early signal rather than a clean bill of health.
The standout move of Q2 2026 was in Modified loans and leases: 15.5% higher than in Q1 2026, at $491.1M.
Modified loans
| Line item | Q2 2026 |
|---|---|
| Modified loans and leases | $491.1M |
| Modified loans to total loans | 2.33% |
| Non-performing assets excluding restructured loans, to assets | 0.00% |
Read against the non-performing book
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to total loans | 2.33% |
| Nonaccrual loans to loans | 0.00% |
| Loans 90+ days past due to loans | 0.65% |
| Net charge-off ratio | 2.13% |
| Allowance for credit losses to loans | 6.45% |
Shown side by side so the modified share can be compared with recognised non-performing loans and with what has already been charged off.
Loan Modifications and Restructuring trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
A modified share rising while the non-performing share stays flat is the pattern worth investigating.
Loan Modifications and Restructuring by quarter
| Quarter | Modified loans | Non-performing loans | Net charge-offs |
|---|---|---|---|
| Q3 2023 | 2.26% | 2.26% | 1.80% |
| Q4 2023 | 2.58% | 2.58% | 1.71% |
| Q1 2024 | 3.52% | 3.52% | 1.50% |
| Q2 2024 | 4.58% | 4.58% | 1.52% |
| Q3 2024 | 5.28% | 5.28% | 1.62% |
| Q4 2024 | 5.46% | 5.46% | 1.68% |
| Q1 2025 | 5.50% | 5.50% | 1.33% |
| Q2 2025 | 5.75% | 5.75% | 1.67% |
| Q3 2025 | 5.58% | 5.58% | 1.39% |
| Q4 2025 | 1.62% | 1.62% | 1.71% |
| Q1 2026 | 1.97% | 1.97% | 1.52% |
| Q2 2026 | 2.33% | 2.33% | 2.13% |
Sallie Mae Bank loan modifications and restructuring, all the way back
Loan Modifications and Restructuring back to 2001 · peer percentiles on every line item · Excel export
Unlock Sallie Mae Bank, freeSource: Call Report Schedules RC-C Memoranda and RC-N, 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)