Rates - July 11, 2020
Your current location is: Connecticut, Fairfield
CD RATES
APY
MIN
MAX
6 Mo CD
0.75% $2,500
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12 Mo CD
0.95% $2,500
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18 Mo CD
0.95% $2,500
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24 Mo CD
0.95% $2,500
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36 Mo CD
0.95% $2,500
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60 Mo CD
0.95% $2,500
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MM RATES
APY
MIN
MAX
Money Market
0.99% $0
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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.
