175 S West Temple
Salt Lake City, UT 84101
| FDIC Insured | Yes |
| FDIC Certificate | # 58177 |
| Date Established | 2005 |
| Assets | $23.27 billion |
| Loans | $20.17 billion |
| Deposits | $16.96 billion |
| Capital | $2.51 billion |
Sallie Mae Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2005 and has approximately $23.27 billion in assets.
For a more detailed analysis of Sallie Mae Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
The top three loan types in Sallie Mae Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.
Compared to other banks, Sallie Mae Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 0.00 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 0.00 | ✓ | ||
| Commercial and Industrial Loans | 0.00 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Your Current Location: Virginia, VA 20146
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
1.30% | $2,500 | - | Learn More |
| 12 Month CD
|
2.40% | $2,500 | - | Learn More |
| Compare with 2.40% APY 1 Year CD from Ally Bank | Advertiser Disclosure | ||||
| Compare with 2.45% APY 12 Month CD from Marcus by Goldman Sachs | Advertiser Disclosure | ||||
| 18 Month CD
|
2.60% | $2,500 | - | Learn More |
| 24 Month CD
|
2.80% | $2,500 | - | Learn More |
| Compare with 2.50% APY 24 Month CD from Marcus by Goldman Sachs | Advertiser Disclosure | ||||
| 36-Month CD
|
2.85% | $2,500 | - | Learn More |
| Compare with 2.55% APY 36 Month CD from Marcus by Goldman Sachs | Advertiser Disclosure | ||||
| 60 Month CD
|
2.90% | $2,500 | - | Learn More |
| Compare with 3.00% APY 60 Month CD from Marcus by Goldman Sachs | Advertiser Disclosure | ||||
| MM Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Money Market Account
|
1.90% | $0 | - | Learn More |
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Sallie Mae Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 181005 |
4.559% | 4.500% | 0.38 | $1,812 | $1,267 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
4.325% | 4.250% | 0.50 | $2,354 | $1,230 | Learn More |
NMLS ID: 401822 |
4.585% | 4.500% | 0.00 | $2,500 | $1,267 | Learn More |
NMLS ID: 3030 |
5.125% | 5.125% | 0.00 | $0 | $1,362 | Learn More |
| Lender | Rate (%) | Monthly Payment | Learn More |
|---|---|---|---|
|
5.740% | $291.47 | Learn More |
|
4.240% | $245.68 | Learn More |
Note to Sallie Mae Bank
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Sallie Mae Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
The following ratios and data are available to help you better understand the financial condition of Sallie Mae Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
| Sallie Mae Bank | U.S. Bank Average |
|---|---|
| 4.99% | 7.92% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of March 31, 2018, Sallie Mae Bank had $138,732,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,510,565,000 in equity and $272,123,000 in loans loss reserves. That gives it a Texas Ratio of 4.99%.
| Sallie Mae Bank | U.S. Bank Average |
|---|---|
| 22.62% | 9.35% |
Sallie Mae Bank has a Return on Equity of 22.62% versus the BestCashCow average of 9.35%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
| Sallie Mae Bank | U.S. Bank Average |
|---|---|
| 10.79% | 12.01% |
Sallie Mae Bank has a Capitalization of 10.79% versus the BestCashCow average of 12.01. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
As of March 31, 2018, Sallie Mae Bank had assets of $23,267,239,000, loans of $20,168,800,000, and deposits of $16,957,841,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $1.53 billion |
| Interest-bearing balances | $1.51 billion |
| Total securities | $0.23 billion |
| Federal funds sold and reverse repurchase | $0.00 billion |
| Net loans and leases | $20.17 billion |
| Loan loss allowance | $0.27 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 | $1.27 billion |
| Total Assets | $20.76 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $16.96 billion |
| Interest-bearing deposits | $16.96 billion |
| Deposits held in domestic offices | $16.96 billion |
| % insured (estimated) | 94.92% |
| Federal funds purchased and repurchase agreements | $0.00 billion |
| Trading liabilities | $0.00 billion |
| Other borrowed funds | $3.59 billion |
| Subordinated debt | $0.00 billion |
| All other liabilities | $0.21 billion |
| Total Liabilities | $20.76 billion |
| Shareholders’ Equity | $2.51 billion |
| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $0.44 billion |
| Total Interest Expense | $0.10 billion |
| Net interest income | $0.33 billion |
| Provision for loan and lease losses | $0.06 billion |
| Total non interest income | $0.01 billion |
| Total non interest expense | $0.11 billion |
| Pre-tax Net Operating Income | $0.18 billion |
Yes. It is covered under FDIC Certificate #58177.
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Yes
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Last Update on August 16, 2018
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Customer Reviews for Sallie Mae Bank
8-year customer
July 07, 2018 |
Worse still, if you set up a transfer on a Thursday, the money will be pulled from your other account immediately, but you won't be credited until the following Monday. And, you don't know that they are doing this until you enter "immediate transfer" and get the confirmation and cannot cancel it. The rates are always good and I have never had any problems but this should be illegal!
Is this review helpful? Yes:2 / No: 0
7-year customer
May 31, 2018 |
I have been a customer for a long time. The rate is always good; the website is always lousy. The thing that has always annoyed me has been the long hold periods on transfers.
Transfers over $5,000 are always locked up for 2 weeks so when I switched most of my money to Purepoint and felt like I had just been released from jail.
Is this review helpful? Yes:4 / No: 0
Nancy D
May 28, 2018 |
I like the fact that the rates move up a little faster than Ally but the website is difficult to use.
Is this review helpful? Yes:1 / No: 0
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