Sallie Mae Bank
Salt Lake City, UT
IDRSSD: 3394278
Total Assets
$29.73B
Latest filing
Total Deposits
$21.52B
Latest filing
Net Interest Margin
5.71%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
124385119SALT LAKE CITY, UT
Key People
Loading leadership data...
Locations
Main office and branches. Select to view on the map.
Main Office
Sallie Mae Bank
175 S West Temple
Salt Lake City, UT 84101
Full Service - Brick and Mortar
Updated 01/30/2026Established 11/28/2005FDIC Certificate 441368
Branches (0)
Page 1 of 1| Name | Address | City / State | ||
|---|---|---|---|---|
| No branch data available. | ||||
| Sallie Mae Bank (Main) | 175 S West Temple | Salt Lake City, UT | ||
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
BMW Bank of North America
Salt Lake City, Utah
→
Assets: $12.47BΔ -57.9%
Celtic Bank
Salt Lake City, Utah
→
Assets: $4.55BΔ -84.7%
Medallion Bank
Salt Lake City, Utah
→
Assets: $2.58BΔ -91.3%
WebBank
Salt Lake City, Utah
→
Assets: $2.39BΔ -91.9%
Square Financial Services, Inc.
Salt Lake City, Utah
→
Assets: $1.35BΔ -95.4%
Thrivent Bank
Salt Lake City, Utah
→
Assets: $1.05BΔ -96.5%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/28/2005 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 84101 |
| State and County Number | 49035 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 12 |
| Numeric code | 23 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | San Francisco |
| Core Based Statistical Area Name | Salt Lake City, UT |
Operational Info
| Number of Employees | 1,784 |
| Domestic Offices | 1 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/28/2005 |
| Primary Insurance Agency | DIF |
| Website | www.salliemae.com |
| Data Updated | 01/30/2026 |
| CERT | 58177 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $29.73B |
| Total Deposits | $21.52B |
| Total Liabilities | $26.84B |
| Total Equity Capital | $2.89B |
| Net Income | $267.73M |
| Net Loans and Leases | $21.31B |
| Assets Per Employee ($Millions) | $16.87M |
| Bank Premises and Fixed Assets | $88.51M |
| Cash and Balances due from Depository Institutions | $4.41B |
| Deposits Held in Domestic Offices | $21.52B |
Key Performance Ratios
| Return on Assets (ROA) | 3.61% |
| Return on Equity (ROE) | 36.25% |
| Net Interest Margin | 5.71% |
| Efficiency Ratio | 28.65% |
| Tier 1 Risk-Based Capital Ratio | 11.089% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.26% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.719% |
| Earning Assets to total Assets | 92.43% |
Income and Expense
| Total Interest Income | $659.57M |
| Total Noninterest Income | $82.72M |
| Total Interest Expense | $269.75M |
| Total Noninterest Expense | $135.37M |
| Net Interest Income | $389.82M |
| Pre-tax Net Operating Income | $356.63M |
| Provision for Credit Losses | $-19,446,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $4.87B |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $452.40M |
| Total Liabilities and Capital | $29.73B |
Securities
| Securities | $1.76B |
| Available-for-sale debt securities | $1.76B |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $49.25M |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Sallie Mae Bank?
$29.73B as of the latest filing.
How much are Sallie Mae Bank's total deposits?
$21.52B in total deposits.
Where is Sallie Mae Bank located?
Salt Lake City, UT.
What is the Net Interest Margin?
5.71%.
How many domestic offices does it operate?
1.
When was it established?
11/28/2005.
What is the Return on Assets (ROA)?
3.61%.
How much are total loans and leases?
$21.31B (latest filing).
What is the total interest income (latest filing)?
$659.57M.