CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 3,649,651	$ 4,334,603
Investments:
Trading investments at fair value (cost of $42,203 and $29,049, respectively)	47,707	37,465
Available-for-sale investments at fair value (cost of $2,713,795 and $2,535,568, respectively)	2,566,556	2,517,956
Other investments	137,580	140,037
Total investments	2,751,843	2,695,458
Loans held for investment (net of allowance for losses of $1,081,066 and $1,165,335, respectively)	19,201,328	20,341,283
Restricted cash	147,104	210,741
Other interest-earning assets	10,183	9,655
Accrued interest receivable	1,192,610	1,205,667
Premises and equipment, net	146,814	150,516
Goodwill and acquired intangible assets, net	122,850	0
Income taxes receivable, net	225,073	239,578
Tax indemnification receivable	8,268	8,047
Other assets	43,049	26,351
Total assets	27,498,773	29,221,899
Liabilities
Deposits	19,979,721	20,828,124
Long-term borrowings	5,219,310	5,930,990
Other liabilities	322,932	313,074
Total liabilities	25,521,963	27,072,188
Commitments and contingencies
Equity
Preferred stock, par value $0.20 per share, 20 million shares authorized: Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share	251,070	251,070
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 435.1 million and 432.0 million shares issued, respectively	87,021	86,403
Additional paid-in capital	1,095,296	1,074,384
Accumulated other comprehensive loss (net of tax benefit of ($20,409) and ($5,707), respectively)	(63,999)	(17,897)
Retained earnings	3,225,610	2,817,134
Total SLM Corporation stockholders’ equity before treasury stock	4,594,998	4,211,094
Less: Common stock held in treasury at cost: 183.7 million and 153.1 million shares, respectively	(2,618,188)	(2,061,383)
Total equity	1,976,810	2,149,711
Total liabilities and equity	$ 27,498,773	$ 29,221,899