Sallie Mae Bank

For information concerning Sallie Mae Bank, a subsidiary of Sallie Mae Bank, please see the Sallie Mae Bank page here.

Branches

Click on location and enter new zip number to change.
Your current location is: Connecticut, Fairfield View Branches Statewide →
View Branches Nationwide →

Sallie Mae Bank Locations

Rates - July 11, 2020

Your current location is: Connecticut, Fairfield

CD RATES APY MIN MAX
6 Mo CD
0.75% $2,500 - Compare
12 Mo CD
0.95% $2,500 - Compare
18 Mo CD
0.95% $2,500 - Compare
24 Mo CD
0.95% $2,500 - Compare
36 Mo CD
0.95% $2,500 - Compare
60 Mo CD
0.95% $2,500 - Compare
MM RATES APY MIN MAX
Money Market
0.99% $0 - Compare

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58177
Date Established 2005
Assets $ 31.78 billion
Loans $ 21.71 billion
Deposits $ 24.72 billion
Capital $ 2.12 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 7.43 billion
Interest-bearing balances $ 7.37 billion
Total securities $ 614.58 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 21.71 billion
Loan loss allowance $ 1,673.32 million
Trading account assets $ 11.36 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1,897.70 million
     Total Assets $ 29.66 billion

LIABILITIES
Total deposits $ 24.72 billion
      Interest-bearing deposits $ 24.71 billion
      Deposits held in domestic offices $ 24.72 billion
      % insured (estimated) 94.60%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.51 billion
Subordinated debt N.A.
All other liabilities $ 427.01 millionn
      Total Liabilities $ 29.66 billion
      Shareholders’ Equity $ 2.12 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 577.35 million
Total Interest Expense $ 173.22 million
Net interest income $ 404.13 million
Provision for loan and lease losses $ 149.79 million
Total non interest income $ 291.73 million
Total non interest expense $ 40.61 million
Pre-tax Net Operating Income $ 505.46 million

Sallie Mae Bank is an FDIC insured institution headquartered at 175 S West Temple, Salt Lake City, UT 84101.
It was founded in 2005 and has approximately $32 billion in assets. Customers can open an account at one of its 1 branches.

Bask Bank banner