Call reports 2008
SALLIE MAE BANK — 2008
What SALLIE MAE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,331,697,000 | 1,337,581,000 | 1,640,474,000 | 3,797,233,000 |
| Total loans | 1,223,289,000 | 1,234,447,000 | 1,485,158,000 | 2,249,345,000 |
| Allowance for loan losses | 173,000 | 174,000 | 201,000 | 9,303,000 |
| Securities available for sale | 61,800,000 | 50,700,000 | 75,000,000 | 560,864,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,042,582,000 | 1,010,228,000 | 1,235,076,000 | 2,714,441,000 |
| Interest-bearing deposits | 951,791,000 | 920,563,000 | 1,055,542,000 | 2,568,125,000 |
| Noninterest-bearing deposits | 90,791,000 | 89,665,000 | 179,534,000 | 146,316,000 |
| Equity capital | 219,497,000 | 233,441,000 | 254,645,000 | 1,025,635,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 21,919,000 | 43,468,000 | 70,056,000 | 113,398,000 |
| Interest expense | 7,208,000 | 15,326,000 | 23,267,000 | 39,121,000 |
| Net interest income | 14,711,000 | 28,142,000 | 46,789,000 | 74,277,000 |
| Noninterest income | 20,141,000 | 30,310,000 | 46,580,000 | 49,687,000 |
| Noninterest expense | 2,133,000 | 4,163,000 | 6,334,000 | 9,221,000 |
| Provision for loan losses | 52,000 | 77,000 | 120,000 | 6,129,000 |
| Pretax income | 32,667,000 | 54,212,000 | 86,915,000 | 107,433,000 |
| Income tax | 11,451,000 | 19,052,000 | 30,551,000 | 37,917,000 |
| Net income | 21,216,000 | 35,160,000 | 56,364,000 | 69,516,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 219,497,000 | 233,441,000 | 254,645,000 | 1,075,803,000 |
| Total capital | 219,670,000 | 233,615,000 | 254,846,000 | 1,085,106,000 |
| Risk-weighted assets | 1,176,245,000 | 1,165,755,000 | 1,419,972,000 | 2,344,683,000 |