CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 3,548,225	$ 4,616,117
Investments:
Trading investments at fair value (cost of $42,196 and $47,554, respectively)	52,561	55,903
Available-for-sale investments at fair value (cost of $2,524,634 and $2,554,332, respectively)	2,315,978	2,342,089
Other investments	94,068	94,716
Total investments	2,462,607	2,492,708
Loans held for investment (net of allowance for losses of $1,416,048 and $1,357,075, respectively)	20,899,181	19,626,868
Loans held for sale	0	29,448
Restricted cash	175,061	156,719
Other interest-earning assets	11,087	11,162
Accrued interest receivable	1,457,323	1,202,059
Premises and equipment, net	132,622	140,728
Goodwill and acquired intangible assets, net	127,723	118,273
Income taxes receivable, net	409,658	380,058
Tax indemnification receivable	2,945	2,816
Other assets	46,787	34,073
Total assets	29,273,219	28,811,029
Liabilities
Deposits	21,550,745	21,448,071
Long-term borrowings	5,515,532	5,235,114
Other liabilities	407,718	400,874
Total liabilities	27,473,995	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: 438.2 million and 435.1 million shares issued, respectively	87,639	87,025
Additional paid-in capital	1,140,599	1,109,072
Accumulated other comprehensive loss (net of tax benefit of ($32,548) and ($30,160), respectively)	(101,315)	(93,870)
Retained earnings	3,485,575	3,163,640
Total SLM Corporation stockholders’ equity before treasury stock	4,863,568	4,516,937
Less: Common stock held in treasury at cost: 211.9 million and 194.4 million shares, respectively	(3,064,344)	(2,789,967)
Total equity	1,799,224	1,726,970
Total liabilities and equity	$ 29,273,219	$ 28,811,029