Sallie Mae Bank

Branches

Your current location is: New York, NY

Sallie Mae Bank Locations

Rates - February 20, 2019

Your current location is: New York, NY

CD RATES APY MIN MAX
6 Mo CD
1.30% $2,500 - Compare
12 Mo CD
2.75% $2,500 - Compare
18 Mo CD
2.70% $2,500 - Compare
24 Mo CD
2.90% $2,500 - Compare
36 Mo CD
2.95% $2,500 - Compare
60 Mo CD
3.10% $2,500 - Compare
MM RATES APY MIN MAX
Money Market
2.20% $0 - Compare

Overview 2019

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58177
Date Established 2005
Assets $25.62 billion
Loans $21.98 billion
Deposits $18.29 billion
Capital $2.76 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $1.92 billion
Interest-bearing balances $1.90 billion
Total securities $0.17 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $21.98 billion
Loan loss allowance $0.33 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $1.47 billion
     Total Assets $22.86 billion

LIABILITIES
Total deposits $18.29 billion
      Interest-bearing deposits $18.29 billion
      Deposits held in domestic offices $18.29 billion
      % insured (estimated) 95.45%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $4.37 billion
Subordinated debt $0.00 billion
All other liabilities $0.20 billion
      Total Liabilities $22.86 billion
      Shareholders’ Equity $2.76 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $1.40 billion
Total Interest Expense $0.36 billion
Net interest income $1.04 billion
Provision for loan and lease losses $0.19 billion
Total non interest income $0.02 billion
Total non interest expense $0.38 billion
Pre-tax Net Operating Income $0.49 billion

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 $26 billion in assets. Customers can open an account at one of its 1 branches.