TellerScore

Headquartered in Salt Lake City, Utah, Sallie Mae Bank is a state-chartered bank with $28.5B in total assets and $20.3B in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 2005.

Based on its Q2 2026 filing, Sallie Mae Bank scores 74/100, which we describe as strong. That is higher than 87% of 132 banks with $10 billion – $100 billion. Among 45 banks headquartered in Utah, it ranks 23rd. Its strongest component is earnings (100/100; 2.77%), and its lowest is capital cushion (52/100; 10.17%).

TellerScore · Q2 2026

Scorecard

Capital cushion52/100
Tier 1 leverage ratio: 10.17%
Loan quality78/100
Noncurrent loans ÷ total loans: 0.65%
Earnings100/100
Return on assets (annualized): 2.77%
Funding & liquidity63/100
Loans ÷ deposits and uninsured-deposit share: 97.2% · 7.2% uninsured
Problem-loan coverage94/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.20%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (74 → 74).

TellerScore
737475Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202475
Q3 202473
Q4 202473
Q1 202573
Q2 202574
Q3 202573
Q4 202573
Q1 202674
Q2 202674
Tier 1 leverage ratio
5.00%7.91%10.82%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTier 1 leverage ratio
Q2 202410.82%
Q3 202410.07%
Q4 20249.75%
Q1 202510.09%
Q2 202510.21%
Q3 202510.40%
Q4 20259.88%
Q1 202610.33%
Q2 202610.17%
Noncurrent loans
0.55%0.68%0.81%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterNoncurrent loans
Q2 20240.81%
Q3 20240.71%
Q4 20240.63%
Q1 20250.63%
Q2 20250.55%
Q3 20250.63%
Q4 20250.67%
Q1 20260.71%
Q2 20260.65%
Return on assets
2.36%3.45%4.54%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterReturn on assets
Q2 20244.13%
Q3 20242.61%
Q4 20242.36%
Q1 20254.54%
Q2 20252.92%
Q3 20252.66%
Q4 20252.90%
Q1 20264.31%
Q2 20262.77%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202674$28.5B10.17%0.65%2.77%97.2%
Q1 202674$29.5B10.33%0.71%4.31%96.9%
Q4 202573$29.7B9.88%0.67%2.90%99.0%
Q3 202573$29.6B10.40%0.63%2.66%107.2%
Q2 202574$29.5B10.21%0.55%2.92%102.0%
Q1 202573$28.9B10.09%0.63%4.54%103.6%
Q4 202473$30.0B9.75%0.63%2.36%97.7%
Q3 202473$29.9B10.07%0.71%2.61%96.8%
Q2 202475$28.7B10.82%0.81%4.13%90.0%

132 peers · $10 billion – $100 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio10.17%
50th
Total risk-based capital13.09%
21st
Problem loans0.65%
51st
Net charge-offs1.85%
4th
Return on assets2.77%
97th
Net interest margin5.48%
94th
Efficiency ratio33.0%
89th
Loans to deposits97.2%
15th
Uninsured deposits7.2%
89th
Loan-loss reserves6.45%
98th
Texas ratio3.2%
62nd

Similar-size banks in Utah

InstitutionScoreAssetsCapitalProblem loansCompare
Optum Bank, Inc.Bank Draper, UT93 out of 100, Very strong$21.4B13.2%0.21%vs
Comenity Capital BankBank Draper, UT58 out of 100, Moderate$13.9B12.8%3.21%vs
BMW Bank of North AmericaBank Salt Lake City, UT87 out of 100, Very strong$13.8B13.2%0.09%vs
Happen Bank, National AssociationBank Lehi, UT79 out of 100, Strong$12.5B11.0%0.82%vs
WEX BankBank Sandy, UT78 out of 100, Strong$10.7B8.9%0.44%vs
SoFi Bank, National AssociationBank Cottonwood Heights, UT88 out of 100, Very strong$56.8B13.3%0.08%vs

Deposit insurance

Is my money safe at Sallie Mae Bank?

Yes. Sallie Mae Bank is an FDIC-insured institution (FDIC certificate #58177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 7.2% of deposits ($1.5B) are above the $250,000 FDIC insurance limit, below the peer median of 38%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.17%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.09% (benchmark: 10%).

Check how much of your own balance is covered

1 location

Branches

Sallie Mae Bank lists 1 office in 1 city. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Sallie Mae Bank
Type
State-chartered bank
FDIC certificate #
58177
RSSD ID
3394278
Primary regulator
FDIC
Established
November 28, 2005
Headquarters
175 S West Temple, Salt Lake City, UT 84101
Employees
1,981

Quick answers

Sallie Mae Bank: common questions

Is Sallie Mae Bank FDIC insured?

Yes. Sallie Mae Bank is an FDIC-insured institution (FDIC certificate #58177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Sallie Mae Bank's TellerScore?

74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Sallie Mae Bank ever failed?

There is no failure record for FDIC certificate #58177 in the FDIC failed bank list.

How many branches does Sallie Mae Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Salt Lake City

InstitutionScoreAssetsCapitalProblem loansCompare
Uintah Credit UnionCredit union Vernal, UT100 out of 100, Very strong$3.9M21.3%0.00%vs
Norfolk Fire Department Federal Credit UnionCredit union Norfolk, VA93 out of 100, Very strong$26.8M20.1%0.41%vs
Beckstrand and Associates Credit UnionCredit union Salt Lake City, UT93 out of 100, Very strong$166K99.9%—vs
Optum Bank, Inc.Bank Draper, UT93 out of 100, Very strong$21.4B13.2%0.21%vs
Operating Engineers Local Union #3 Federal Credit UnionCredit union Livermore, CA92 out of 100, Very strong$1.7B15.5%0.60%vs
Wiremen'S Credit UnionCredit union Parma, OH92 out of 100, Very strong$40.6M17.0%0.11%vs