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
No
ID
Name
Address
Established
Service Type
Map
0
441368
Sallie Mae Bank
5217 South State Street, Suite 210, Murray, UT 84107
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