Sallie Mae Bank in Murray, Utah (UT)

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Sallie Mae Bank routing number info

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Sallie Mae Bank
GeneralFDIC Certificate #: 58177
Status: Active
Federal Reserve ID: 3394278
Date Established: November 28, 2005
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)40
Total assets$7,613,991
Cash and due from depository institutions$1,462,279
Interest-bearing balances$1,461,904
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$5,300,257
Loan loss allowance $69,493
Trading account assets$0
Bank premises and fixed assets$144
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$294,922
Life insurance assets$7,613,991
Total liabilities and capital$6,544,171
Total liabilities$6,325,539
Total deposits$6,187,329
Interest-bearing deposits$6,325,539
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,186
Other borrowed funds $0
Subordinated debt $216,446
All other liabilities $1,069,820
Total equity capital$1,069,820
Total bank equity capital$1,069,820
Perpetual preferred stock$0
Common stock$1
Undivided profits $113,845
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $11,849
Income earned, not collected on loans $8,957
Earning assets $6,436
Long-term assets (5+ years) $162,772
Average Assets, year-to-date $7,318,550
Average Assets, quarterly $59,099
Volatile liabilities $7,254,840
Insider loans $7,395,881
FHLB advances $5,844,729
Loans and leases held for sale $7,187,959
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,069,198
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,043,899
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $473,936
Total interest expense $105,030
Net interest income $368,906
Provision for loan and lease losses $85,340
Total noninterest income $34,471
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $34,471
Total noninterest expense $37,183
Salaries and employee benefits $4,796
Premises and equipment expense $322
Additional noninterest expense $32,065
Pre-tax net operating income $280,854
Securities gains (losses) $0
Applicable income taxes $106,446
Income before extraordinary items $174,408
Extraordinary gains - net $0
Net income attributable to bank $174,408
Net charge-offs $0
Cash dividends $174,408
Sale, conversion, retirement of capital stock, net $65,786
Net operating income $100,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.82%
Cost of funding earning assets 1.51%
Net interest margin 5.31%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 0.53%
Net operating income to assets 2.40%
Return on assets (ROA) 2.40%
Pretax return on assets 3.87%
Return on equity (ROE) 16.47%
Retained earnings to average equity (YTD only) 7.03%
Net charge-offs to loans 1.32%
Credit loss provision to net charge-offs 129.72%
Efficiency ratio5.57%
Assets per employee$9,218
Cash dividends to net income (YTD only)190.35%
Condition Ratios (%)
Loss allowance to loans 57.34%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 775.85%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.17%
Net loans and leases to core deposits 83.79%
Equity capital to assets 264.38%
Core capital (leverage) ratio 14.05%
Tier 1 risk-based capital ratio 14.87%
Total risk-based capital ratio 18.29%
Average assets$19
Average earning assets$7,254,840
Average equity $1,058,758
Average loans $6,952,608
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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
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