Sallie Mae Bank in Murray, Utah (UT)



Show street view No street view available for this location

Sallie Mae Bank routing number info

Table of contents:
Sallie Mae Bank
GeneralFDIC 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
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
Securities$556,389
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
Surplus$955,974
Undivided profits $113,845
Memoranda
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
Derivatives$70
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$19
Average earning assets$7,254,840
Average equity $1,058,758
Average loans $6,952,608
Back to page top, Back to table top

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
Back to page top

User Contributions:

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.