CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 5,563,877	$ 2,559,106
Investments
Available-for-sale investments at fair value (cost of $485,756 and $182,325, respectively)	487,669	176,245
Other investments	84,420	55,554
Total investments	572,089	231,799
Loans held for investment (net of allowance for losses of $441,912 and $341,121, respectively)	24,667,792	22,270,919
Restricted cash	156,883	122,789
Other interest-earning assets	52,564	27,157
Accrued interest receivable	1,392,725	1,191,981
Premises and equipment, net	134,749	105,504
Income taxes receivable, net	88,844	41,570
Tax indemnification receivable	27,558	39,207
Other assets	29,398	48,141
Total assets	32,686,479	26,638,173
Liabilities
Deposits	24,283,983	18,943,158
Short-term borrowings	289,230	0
Long-term borrowings	4,354,037	4,284,304
Income taxes payable, net	0	0
Upromise member accounts	192,662	213,104
Other liabilities	254,731	224,951
Total liabilities	29,374,643	23,665,517
Commitments and contingencies
Preferred stock, par value $0.20 per share, 20 million shares authorized:
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 453.6 million and 449.9 million shares issued, respectively	90,720	89,972
Additional paid-in capital	1,307,630	1,274,635
Accumulated other comprehensive income (loss) (net of tax expense (benefit) of ($3,995) and $3,436, respectively)	(12,367)	10,623
Retained earnings	1,850,512	1,340,017
Total SLM Corporation stockholders’ equity before treasury stock	3,636,495	3,115,247
Less: Common stock held in treasury at cost: 32.5 million and 14.2 million shares, respectively	(324,659)	(142,591)
Total equity	3,311,836	2,972,656
Total liabilities and equity	32,686,479	26,638,173
Series B Preferred Stock
Preferred stock, par value $0.20 per share, 20 million shares authorized:
Series B: 4 million and 4 million shares issued, respectively, at stated value of $100 per share	$ 400,000	$ 400,000