CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 3,998,514	$ 2,559,106
Available-for-sale investments at fair value (cost of $331,519 and $182,325, respectively)	331,541	176,245
Loans held for investment (net of allowance for losses of $383,997 and $341,121, respectively)	23,268,646	22,270,919
Restricted cash	141,441	122,789
Other interest-earning assets	65,187	27,157
Accrued interest receivable	1,401,618	1,191,981
Premises and equipment, net	129,658	105,504
Income taxes receivable, net	93,489	41,570
Tax indemnification receivable	38,925	39,207
Other assets	116,207	103,695
Total assets	29,585,226	26,638,173
Liabilities
Deposits	21,178,134	18,943,158
Long-term borrowings	4,862,763	4,284,304
Upromise member accounts	200,676	213,104
Other liabilities	246,337	224,951
Total liabilities	26,487,910	23,665,517
Commitments and contingencies
Equity
Series B: 4 million and 4 million shares issued, respectively, at stated value of $100 per share	400,000	400,000
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 453.5 million and 449.9 million shares issued, respectively	90,702	89,972
Additional paid-in capital	1,296,409	1,274,635
Accumulated other comprehensive income (loss) (net of tax expense (benefit) of $(4,390) and $3,436, respectively)	(13,579)	10,623
Retained earnings	1,600,855	1,340,017
Total SLM Corporation stockholders’ equity before treasury stock	3,374,387	3,115,247
Less: Common stock held in treasury at cost: 26.9 million and 14.2 million shares, respectively	(277,071)	(142,591)
Total equity	3,097,316	2,972,656
Total liabilities and equity	$ 29,585,226	$ 26,638,173