# SALLIE MAE BANK
SALT LAKE CITY, UT · FDIC certificate 58177 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $28.54B | |
| Deposits | $20.33B | |
| Loans and leases | $21.12B | |
| Total equity | $2.91B | |
| Loans / deposits | 97.20% (p85 of band) | 85.78% |
| Liquid assets / assets | 22.76% (p50 of band) | |
| Uninsured deposits / deposits | 7.15% (p11 of band) | 38.39% |
| Brokered deposits | 28.89% | |
| Wholesale funding | 45.90% (p98 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.17% (p50 of band) | 10.17% |
| Unrealized securities loss / equity | -2.01% (p83 of band) | -7.43% |
| AOCI / equity | -0.13% (p65 of band) | |
| ROA (annualized) | 2.77% (p97 of band) | 1.24% |
| Net interest margin | 5.48% (p94 of band) | 3.57% |
| Efficiency ratio | 32.99% (p12 of band) | |
| Noncurrent loans | 0.65% (p50 of band) | 0.66% |
| Net charge-offs (annualized) | 1.38% (p98 of band) | |
| Reserve coverage of noncurrent | 996.76% | |
| Real estate % of loans | 0% | |
| Construction % of loans | 0.00% (p6 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p8 of band) | |
| Deposits YoY | -2.3% | |
| Employees | 1981 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 3 | capital falling |  |
| 2012-06 | 5 | loans exceed deposits, charge-offs p90 |  |
| 2012-09 | 3 | reserve under noncurrent | capital falling, loans exceed deposits, charge-offs p90 |
| 2012-12 | 3 |  |  |
| 2013-03 | 5 | capital falling, charge-offs p90 |  |
| 2013-06 | 4 |  | capital falling |
| 2013-09 | 4 |  |  |
| 2013-12 | 3 |  | charge-offs p90 |
| 2014-03 | 3 |  |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 4 | noncurrent p90 |  |
| 2015-03 | 4 | liquid assets <10% | noncurrent p90 |
| 2015-06 | 3 |  | liquid assets <10% |
| 2015-09 | 4 | loans exceed deposits |  |
| 2015-12 | 3 |  | loans exceed deposits |
| 2016-03 | 5 | loans exceed deposits, liquid assets <10%, uninsured deposits leaving | reserve under noncurrent |
| 2016-06 | 4 |  | uninsured deposits leaving |
| 2016-09 | 4 |  |  |
| 2016-12 | 5 | capital falling, uninsured deposits leaving | liquid assets <10% |
| 2017-03 | 4 | liquid assets <10% | capital falling, uninsured deposits leaving |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 5 | capital falling |  |
| 2018-03 | 5 |  |  |
| 2018-06 | 5 | charge-offs p90 | capital falling |
| 2018-09 | 5 |  |  |
| 2018-12 | 4 |  | liquid assets <10% |
| 2019-03 | 5 | liquid assets <10% |  |
| 2019-06 | 5 | capital falling | liquid assets <10% |
| 2019-09 | 5 |  |  |
| 2019-12 | 5 |  |  |
| 2020-03 | 4 |  | loans exceed deposits |
| 2020-06 | 4 | uninsured deposits leaving | capital falling |
| 2020-09 | 3 |  | uninsured deposits leaving |
| 2020-12 | 5 | deposits shrinking, assets shrinking |  |
| 2021-03 | 3 |  | deposits shrinking, assets shrinking |
| 2021-06 | 5 | deposits shrinking, assets shrinking |  |
| 2021-09 | 6 | loans exceed deposits |  |
| 2021-12 | 5 |  | loans exceed deposits |
| 2022-03 | 6 | uninsured deposits leaving |  |
| 2022-06 | 6 |  |  |
| 2022-09 | 3 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2022-12 | 4 | capital falling |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 |  | capital falling |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 |  |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | capital falling |  |
| 2025-03 | 4 | loans exceed deposits | capital falling |
| 2025-06 | 4 |  |  |
| 2025-09 | 5 | deposits shrinking |  |
| 2025-12 | 3 |  | loans exceed deposits, deposits shrinking |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-10 [Sallie Mae Bank review (2026): Earn more on your savings while paying fewer fees - Yahoo Finance](https://news.google.com/rss/articles/CBMimwFBVV95cUxPYnIwaS0tTFlqNEoySU5DQnlwc0xXRFpqV1dsLW5vVXR6cmx6QVg3bVZqRTUydF9iWmE5NDJPY2pvQjhtcU9zNDIzZ2ptdHZvbjNoQ1VhcEFjOWY3U01jM3d5TERBVlFUTW43RDcxU0s3RVQ5OUV3VFY1eUpMUGNUNlNiZXlrTm5iQUJFYTBUWUI1SE5vaDc4Q2Jvbw?oc=5) · Yahoo Finance
- 2025-07-28 [These Sallie Mae CD rates may well be higher than your current certificate of deposit. - Fortune](https://news.google.com/rss/articles/CBMiXEFVX3lxTE9IRTZ5Mnlac2JZdEFkdHB4ckZrWVdlbzB1dzJjM3RFcnNna0tMdzNLQVl5ODI4S0RiX0w3dkY4eVNBbXl4ZElGN2RWdVNhZVIxTUg3S1FsZ1puYWZa?oc=5) · Fortune
- 2021-09-29 [Jeffrey Fox - theMemories.com](https://news.google.com/rss/articles/CBMiZEFVX3lxTFBxdTA5NXlWSnZjNmJtRWV0ZlJVUHZmQ1ZDN0E5LVpmY1ZTeExpb0tmbzlNUmhUMFo1QURrVGVDVWFlXzNWLTF6emlrMlQtcjJuaS1LRFNLcURsX1kzNHREcHFwLTY?oc=5) · theMemories.com
- 2024-08-02 [Sallie Mae CD Rates: April 2026 Update - GOBankingRates](https://news.google.com/rss/articles/CBMifkFVX3lxTE5GeW9wc3l5b2FsWkFybmpVcWNQVVdMOVZvRldqcXJBTEdiMVdKNngzWHFNMzVYUHpPVVZldTQ3VWVPeGtTb2J4SUdYd0Z6SThSX3I4TnNTdXVfb0EtN2lIVHlnTjN4NEVjTlFDWEZ6Wi1oMmRROGdQd2hBQ3pMUdIBzwFBVV95cUxOYzZzOVRtRDBjamJQRjlENTBNTFBTT0pXbUduYUNpanJFNnlWRTF3YkJyVHVfSHlIcE10bGxFWmhnT1JVM1Q4NzhwVWozX0FmSmt3bmhITGxhVkRwTlhwQ2M5RnBlcWpoYTJyeXBKTHJlWElWbVMtMW1SbURFOWtiX1d2bUcwd0kxUXpEUTh1YmFYZ1dLWmNUYkVYTTlkM2Uwc1hxbHNKTjIzYWRpczE5UF9VcE1OWDBiWE85YlRuZ0J0ajhKb3hDelpzcFl1cWc?oc=5) · GOBankingRates
- 2016-06-30 [Sallie Mae to add up to 278 jobs in Indianapolis - IndyStar](https://news.google.com/rss/articles/CBMingFBVV95cUxNbVlZQkZpQmUtbERxSHc0TWhPUzN0djJrUWdYVTE1TFRXWmQ1S0pVbmNHRGp0dHFEcDV2cUFSR21zcGVoTU4zeVByWUxRRW12RUpYMWRHa09FWHRFWjFubmZTRUtxSG00OFFIeC1MYnZ5Y3JMM3pVS1VOdmJEeEp6RndJNFdXMGt3RjVYOERCV2NJZTJKUzJOZmtXUXhpdw?oc=5) · IndyStar
- 2006-09-12 [SLM Corporation (Sallie Mae) Secures Industrial Bank Charter - InsideARM](https://news.google.com/rss/articles/CBMiigFBVV95cUxOUGE5MlgteVZMV0lEc0dtMkJ6aElyQkpWZ1k0RWJVZmE2RG53b3FiYWtFajZpcHpUMFVfcXdfSVZhejJva001SS1hWm4tTVo2RTJScHBTbXhWR0Y4c0hLRElTNDRSOGtUcGVwbjE3dmJKb0dDa1lrS2xJMlpudWdJYVhlMGhzc0hxOUE?oc=5) · InsideARM
- 2016-10-11 [Utah: A Banking Giant - Utah Policy](https://news.google.com/rss/articles/CBMiaEFVX3lxTE5DVmpXVWIzdXYzS05DVFFCSlh3cUFnbElwWkJrTmlVY1NwUnZQbGZVX0o0QXpkSGtSYlU3bjlHZTVjZnlMVU1wdzllXzA4NERMaHlEY1VnVTZvMVFzNllfWlVobTNOYlF2?oc=5) · Utah Policy
- 2020-04-02 [Best 2-Year CD Rates for September 2026: Up to 4.45% - Investopedia](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9ERDBvMmNkM3ZCdEl0TmlZZzRoYmFjS1BfdXQ3X1Q4d2xhTlFYeHJrRDB0MHZ2VkRaek5LWUl6S3ZnZDBUNnUtb1hlbVJBOGU5VnJGWGVtMXhnMEhHajdIS2tEallYblVp?oc=5) · Investopedia

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58177 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/1.json (key "58177", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide