Sallie Mae Bank
Sallie Mae Bank reported total assets of $28.5 bn at Q2 2026, down 3.4% on a year earlier, the 75th largest of 497 banks in our US coverage. The CET1 capital ratio at Sallie Mae Bank was 11.78%, and the uninsured share of Sallie Mae Bank was 7.15%. Source: FDIC Call Reports.
Key takeaways
- Sallie Mae Bank has one of the highest return on equity (ROE) readings among banks of $10 bn to $100 bn: 27.51% at , against a median of 10.71% across 126 banks (FDIC Call Reports).
- At 2.77%, the return on assets (ROA) of Sallie Mae Bank sits in the top tenth of its size group ($10 bn to $100 bn, 126 banks), where the median is 1.25% (FDIC Call Reports).
- Few banks of $10 bn to $100 bn report a higher net charge-offs to average loans than Sallie Mae Bank, at 1.85% in against a group median of 0.14% (FDIC Call Reports).
What sets Sallie Mae Bank apart
- On uninsured share of domestic deposits, Sallie Mae Bank climbed from 512th to 476th among 500 US banks between and (1 = highest).
- Sallie Mae Bank has one of the highest net interest margin readings among banks of $10 bn to $100 bn: 5.48% at , against a median of 3.62% across 126 banks.
- The efficiency ratio of Sallie Mae Bank, 32.99% at , places Sallie Mae Bank in the bottom tenth of banks of $10 bn to $100 bn (group median 55.14%).
How large is Sallie Mae Bank?
The balance sheet of Sallie Mae Bank at : assets $28.5 bn, deposits $20.3 bn, net loans $19.8 bn (loans equal to 97.20% of deposits). Securities make up 6.0% of total assets at Sallie Mae Bank. Since , when Sallie Mae Bank held $15.2 bn, its assets grew 88.2%. In the year to , deposits at Sallie Mae Bank fell 2.3% while its total assets fell 3.4%. At , Sallie Mae Bank employed 1,981 full-time equivalent staff across 1 office, about $14.4 mn of assets per employee and $20.3 bn of deposits per office.
How much funding at Sallie Mae Bank is uninsured?
At Sallie Mae Bank, uninsured deposits (above the FDIC limit) made up 7.15% of domestic deposits at (+1.25 pp on a year earlier); Sallie Mae Bank ranks 476th of 500 on this measure. In dollars, Sallie Mae Bank estimated $1.5 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $20.3 bn | -2.3% | 88th of 499 |
| Net loans and leases | $19.8 bn | -6.9% | 77th of 500 |
| Loan-to-deposit ratio | 97.20% | -4.76 pp | 88th of 500 |
| Tier 1 leverage ratio | 10.17% | -0.05 pp | 276th of 500 |
| Total risk-based capital ratio | 13.09% | +0.31 pp | 349th of 448 |
| Net interest margin | 5.48% | -0.22 pp | 29th of 500 |
| Return on assets (ROA) | 2.77% | -0.16 pp | 20th of 500 |
| Efficiency ratio | 32.99% | +4.94 pp | 29th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $58.6 mn | Narrowed by $33.6 mn | |
| Noncurrent loans to total loans | 0.65% | +0.09 pp | 267th of 500 (1 = lowest) |
| Net charge-offs to average loans | 1.85% | +0.34 pp | 481st of 500 (1 = lowest) |
US rank of Sallie Mae Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Sallie Mae Bank: assets, deposits and loans
- Total assets $28.5bn
- Deposits $20.3bn
- Net loans $19.8bn
Capital and securities
The CET1 ratio of Sallie Mae Bank stood at 11.78% in , +0.31 pp year on year. Low and high at Sallie Mae Bank since : 11.09% () to 14.35% (). Equity capital of Sallie Mae Bank at : $2.9 bn, or 10.2% of total assets. Sallie Mae Bank also reported a total capital ratio of 13.09% for , and a tier 1 leverage ratio of 10.17%.
The available-for-sale portfolio of Sallie Mae Bank showed an unrealized loss of $58.6 mn at ; the loss narrowed by $33.6 mn over the year.
Sallie Mae Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Sallie Mae Bank: unrealized securities gains and losses
- Available for sale -$59mn
- Held to maturity $0
Profitability and loan quality
For the year to , Sallie Mae Bank earned a return on equity of 27.51%; return on assets: 2.77%. Net interest margin at Sallie Mae Bank: 5.48%, -0.22 pp in a year. Sallie Mae Bank net income: $404.3 mn, down 6.2% year on year. The efficiency ratio of Sallie Mae Bank was 32.99%: about 33 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.65% of total loans at Sallie Mae Bank; net charge-offs: 1.85% of average loans. Gross loans and leases at Sallie Mae Bank: $21.1 bn, down 7.0% in a year.
Sallie Mae Bank: profitability
- Return on equity 28%
- Net interest margin 5.5%
- Return on assets 2.8%
Peer group of Sallie Mae Bank
The peer group of Sallie Mae Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Sallie Mae Bank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Utah. Against them, Sallie Mae Bank shows CET1 ratio 11.78% against a peer median of 12.16%, return on equity 27.51% against a peer median of 10.41% and uninsured deposit share 7.15% against a peer median of 35.81%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| City National Bank of Florida | National bank | FL | $29.1 bn | 14.65% | 11.86% | 51.50% | |
| United Community Bank | State member bank | SC | $29.0 bn | 12.09% | 11.65% | 39.39% | |
| Axos Bank | Federal savings bank | CA | $28.9 bn | 10.93% | 22.41% | 21.23% | |
| Sallie Mae Bank | State nonmember bank | UT | $28.5 bn | 11.78% | 27.51% | 7.15% | |
| Ameris Bank | State nonmember bank | GA | $28.4 bn | 13.01% | 8.46% | 45.56% | |
| Arvest Bank | State member bank | AR | $28.1 bn | 11.45% | 6.57% | 27.78% | |
| WesBanco Bank, Inc. | State nonmember bank | WV | $27.7 bn | 12.24% | 9.16% | 32.23% | |
. FDIC Call Reports.
Last eight quarters
Two years at Sallie Mae Bank, to : assets -4.7%, deposits -6.3%, equity +6.7%. Staff 1,666 to 1,981.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $29.9 bn | $30.0 bn | $28.9 bn | $29.5 bn | $29.6 bn | $29.7 bn | $29.5 bn | $28.5 bn |
| Total deposits | $21.7 bn | $21.5 bn | $20.4 bn | $20.8 bn | $20.2 bn | $21.5 bn | $20.8 bn | $20.3 bn |
| Bank equity capital | $2.7 bn | $2.7 bn | $2.9 bn | $2.9 bn | $3.0 bn | $2.9 bn | $3.0 bn | $2.9 bn |
| CET1 ratio | 11.58% | 11.33% | 11.58% | 11.47% | 11.27% | 11.09% | 12.36% | 11.78% |
| Return on equity (ROE) | 28.10% | 25.65% | 47.65% | 30.23% | 27.16% | 29.63% | 43.20% | 27.51% |
| Uninsured share of domestic deposits | 5.26% | 6.12% | 6.04% | 5.90% | 5.93% | 6.56% | 6.37% | 7.15% |
| Full-time equivalent employees | 1,666 | 1,678 | 1,672 | 1,951 | 1,784 | 1,763 | 1,791 | 1,981 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Sallie Mae Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Sallie Mae Bank?
Sallie Mae Bank reported $28.5 bn at in its Call Report. That makes Sallie Mae Bank the 75th largest of 497 banks in our US coverage.
Is Sallie Mae Bank profitable?
Sallie Mae Bank reported net income of $404.3 mn for the year to ; annualized return on equity: 27.51%. So yes: Sallie Mae Bank made a profit over these months.
When is data for Sallie Mae Bank next updated?
Figures from Sallie Mae Bank for are due after .
Where can I check the figures for Sallie Mae Bank?
In the FDIC BankFind Suite record for certificate 58177, and in the Call Reports of Sallie Mae Bank (RSSD ID 3394278) at the FFIEC Central Data Repository.