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
    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
Do you provide detailed financial information for years subsequent to 2011>

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