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Sallie Mae Bank
Salt Lake City, UT · FDIC Certificate #58177 · Chartered 11/2
Total assets
$28.54B
Total deposits
$20.33B
Total equity
$2.91B
Net loans
$19.76B
Branches (offices)
1
Net income (YTD)
$404.33M
Rank: #75 of 4,213 U.S. banks by assets · #8 of 44 in Utah. Assets changed -3.4% and deposits -2.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.77% |
| Return on equity | 27.51% |
| Net interest margin (YTD) | 5.48% |
| Equity to assets | 10.19% |
| Tier 1 leverage ratio | 10.17% |
| Uninsured deposits (share of deposits) | 7.2% |
| Noncurrent loans (share of loans) | 0.65% |
| Net charge-offs (share of loans) | 1.85% |
| Loans to deposits | 97.2% |
| Real estate loans (share of loans) | 0.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $0 | 0.0% | |
| Commercial & industrial | $0 | 0.0% | |
| Consumer / individual | $21.10B | 106.8% | |
| Construction & development | $0 | 0.0% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $27.37B | $20.18B | $518.15M | $2.55B |
| Jun 2023 | $27.67B | $20.52B | $430.24M | $2.48B |
| Jun 2024 | $28.73B | $21.07B | $594.04M | $2.83B |
| Jun 2025 | $29.55B | $20.81B | $431.25M | $2.94B |
| Jun 2026 | $28.54B | $20.33B | $404.33M | $2.91B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Utah | $20.33B | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $20.33B.
Similar-sized banks
Axos Bank ($28.87B) · Ameris Bank ($28.42B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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