CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 3,716,379	$ 4,616,117
Investments:
Trading investments at fair value (cost of $41,282 and $47,554, respectively)	51,342	55,903
Available-for-sale investments at fair value (cost of $2,487,749 and $2,554,332, respectively)	2,311,062	2,342,089
Other investments	98,067	94,716
Total investments	2,460,471	2,492,708
Loans held for investment (net of allowance for losses of $1,479,306 and $1,357,075, respectively)	21,087,563	19,626,868
Loans held for sale	26,202	29,448
Restricted cash	181,764	156,719
Other interest-earning assets	13,031	11,162
Accrued interest receivable	1,331,017	1,202,059
Premises and equipment, net	137,890	140,728
Goodwill and acquired intangible assets, net	116,001	118,273
Income taxes receivable, net	337,177	380,058
Tax indemnification receivable	2,858	2,816
Other assets	43,548	34,073
Total assets	29,453,901	28,811,029
Liabilities
Deposits	21,803,666	21,448,071
Long-term borrowings	5,513,976	5,235,114
Other liabilities	309,164	400,874
Total liabilities	27,626,806	27,084,059
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: 437.6 million and 435.1 million shares issued, respectively	87,530	87,025
Additional paid-in capital	1,121,082	1,109,072
Accumulated other comprehensive loss (net of tax benefit of ($25,139) and ($30,160), respectively)	(78,333)	(93,870)
Retained earnings	3,250,478	3,163,640
Total SLM Corporation stockholders’ equity before treasury stock	4,631,827	4,516,937
Less: Common stock held in treasury at cost: 195.4 million and 194.4 million shares, respectively	(2,804,732)	(2,789,967)
Total equity	1,827,095	1,726,970
Total liabilities and equity	$ 29,453,901	$ 28,811,029