Sallie Mae Bank

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

Branches

Your current location is: New York, NY

Sallie Mae Bank Locations

Rates - November 21, 2019

Your current location is: New York, NY

CD RATES APY MIN MAX
6 Mo CD
1.75% $2,500 - Compare
12 Mo CD
2.15% $2,500 - Compare
18 Mo CD
2.15% $2,500 - Compare
24 Mo CD
2.15% $2,500 - Compare
36 Mo CD
2.15% $2,500 - Compare
60 Mo CD
2.20% $2,500 - Compare
MM RATES APY MIN MAX
Money Market
1.85% $0 - Compare

Overview 2019

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58177
Date Established 2005
Assets $29.49 billion
Loans $23.28 billion
Deposits $21.56 billion
Capital $2.99 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $4.09 billion
Interest-bearing balances $4.06 billion
Total securities $0.33 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $23.28 billion
Loan loss allowance $0.38 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 $1.68 billion
     Total Assets $26.49 billion

LIABILITIES
Total deposits $21.56 billion
      Interest-bearing deposits $21.55 billion
      Deposits held in domestic offices $21.56 billion
      % insured (estimated) 95.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $4.67 billion
Subordinated debt $0.00 billion
All other liabilities $0.27 billion
      Total Liabilities $26.49 billion
      Shareholders’ Equity $2.99 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $1.14 billion
Total Interest Expense $0.34 billion
Net interest income $0.80 billion
Provision for loan and lease losses $0.16 billion
Total non interest income $0.03 billion
Total non interest expense $0.26 billion
Pre-tax Net Operating Income $0.42 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 $29 billion in assets. Customers can open an account at one of its 1 branches.