Sallie Mae Bank in Murray, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Sallie Mae Bank - Overview

  • General
  • FDIC Certificate #: 58177
    Status: Active
    Federal Reserve ID: 3394278
    Date Established: November 28, 2005
    WWW: http://www.salliemaebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 441368
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Consumer Lending Specialization
    Date of Deposit Insurance: November 28, 2005
    Last Structure Change Effective Date: May 09, 2011
    Last Structure Change Process Date: May 09, 2011
    Last Data Update: May 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5217 South State Street, Suite 210, Murray, UT 84107
    County: Salt Lake
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620)
    CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
  • Financial Summary
  • Total assets: $7,614.0 mil
    Equity capital: $1,069.8 mil
    Deposits held in domestic offices: $6,325.5 mil
    Return on assets (ROA): 2.40% ($182.7 mil)
    Quarterly return on assets: 2.66% ($202.5 mil)
    Return on Equity (ROE): 16.47% ($176.2 mil)
    Quarterly return on equity: 17.82% ($190.7 mil)
    Net income: $174.4 mil
    Quarterly Net income: $49.2 mil
    Pretax return on assets: 3.87% ($294,661.5 mil)
    Quarterly Pretax return on assets: 4.27% ($325,117.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $7,613,991Total assets
  • $1,462,279Cash and due from depository institutions
  • $1,461,904Interest-bearing balances
  • $556,389Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,300,257Net loans & leases
  • $69,493Loan loss allowance
  • $0Trading account assets
  • $144Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $7,613,991Life insurance assets
  • $294,922All other assets
  • $6,544,171Total liabilities and capital
  • $6,325,539Total liabilities
  • $6,187,329Total deposits
  • $6,325,539Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,186Trading liabilities
  • $0Other borrowed funds
  • $216,446Subordinated debt
  • $1,069,820All other liabilities
  • $1,069,820Total equity capital
  • $1,069,820Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $955,974Surplus
  • $113,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $11,849Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,957Income earned, not collected on loans
  • $6,436Earning assets
  • $162,772Long-term assets (5+ years)
  • $7,318,550Average Assets, year-to-date
  • $59,099Average Assets, quarterly
  • $7,254,840Volatile liabilities
  • $7,395,881Insider loans
  • $5,844,729FHLB advances
  • $7,187,959Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,069,198Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,043,899Restructured Loans and leases
  • $70Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $473,936Total interest income
  • $105,030Total interest expense
  • $368,906Net interest income
  • $85,340Provision for loan and lease losses
  • $34,471Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34,471Additional noninterest income
  • $37,183Total noninterest expense
  • $4,796Salaries and employee benefits
  • $322Premises and equipment expense
  • $32,065Additional noninterest expense
  • $280,854Pre-tax net operating income
  • $0Securities gains (losses)
  • $106,446Applicable income taxes
  • $174,408Income before extraordinary items
  • $0Extraordinary gains - net
  • $174,408Net income attributable to bank
  • $0Net charge-offs
  • $174,408Cash dividends
  • $65,786Sale, conversion, retirement of capital stock, net
  • $100,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.82%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 5.31%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 2.40%Net operating income to assets
  • 2.40%Return on assets (ROA)
  • 3.87%Pretax return on assets
  • 16.47%Return on equity (ROE)
  • 7.03%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 129.72%Credit loss provision to net charge-offs
  • 5.57%Efficiency ratio
  • 9,218Assets per employee
  • 190.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.34%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 775.85%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 83.79%Net loans and leases to core deposits
  • 264.38%Equity capital to assets
  • 14.05%Core capital (leverage) ratio
  • 14.87%Tier 1 risk-based capital ratio
  • 18.29%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $7,254,840Average earning assets
  • $1,058,758Average equity
  • $6,952,608Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441368Sallie Mae Bank5217 South State Street, Suite 210, Murray, UT 84107November 28, 2005Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Sallie Mae Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents