CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 6,207,001	$ 4,455,292
Investments
Trading investments at fair value (cost of $26,219 and $12,551)	30,594	16,923
Available-for-sale investments at fair value (cost of $2,116,279 and $1,986,957, respectively)	2,115,885	1,996,634
Other investments	79,679	80,794
Total investments	2,226,158	2,094,351
Loans held for investment (net of allowance for losses of $1,179,021 and $1,361,723, respectively)	20,368,287	19,183,143
Loans held for sale	0	2,885,640
Restricted cash	164,708	154,417
Other interest-earning assets	23,592	42,874
Accrued interest receivable	1,264,960	1,387,305
Premises and equipment, net	155,425	154,670
Income taxes receivable, net	169,655	374,706
Tax indemnification receivable	15,678	18,492
Other assets	32,541	19,533
Total assets	30,628,005	30,770,423
Liabilities
Deposits	22,803,143	22,666,039
Long-term borrowings	4,918,670	5,189,217
Other liabilities	297,728	352,332
Total liabilities	28,019,541	28,207,588
Commitments and contingencies
Equity
Preferred stock	251,070	251,070
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 431.1 million and 456.7 million shares issued, respectively	86,211	91,346
Additional paid-in capital	1,052,904	1,331,247
Accumulated other comprehensive loss (net of tax benefit of ($7,680) and ($10,908), respectively)	(24,077)	(34,200)
Retained earnings	2,350,986	1,722,365
Total SLM Corporation stockholders’ equity before treasury stock	3,717,094	3,361,828
Less: Common stock held in treasury at cost: 102.7 million and 81.4 million shares, respectively	(1,108,630)	(798,993)
Total equity	2,608,464	2,562,835
Total liabilities and equity	$ 30,628,005	$ 30,770,423