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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Loans $ 527,257 $ 462,642 $ 441,928
Investments 20,090 26,340 27,582
Cash and cash equivalents 3,853 2,299 2,795
Total interest income 551,200 491,281 472,305
Interest expense:      
Deposits 88,019 82,173 104,935
Other interest expense 1,066 739 449
Total interest expense 89,085 82,912 105,384
Net interest income 462,115 408,369 366,921
Less: provisions for loan losses 69,339 66,116 85,336
Net interest income after provisions for loan losses 392,776 342,253 281,585
Noninterest income:      
Gains on sales of loans, primarily to affiliates, net 196,593 235,202 21,412
Gains on sales of securities 63,813 129 0
Other 37,862 31,180 76,596
Total noninterest income 298,268 266,511 98,008
Expenses:      
Compensation and benefits 108,950 109,575 129,233
Advertising fees 21,506 10,973 7,684
Professional fees 67,180 60,507 66,843
Other operating expenses 73,564 72,715 83,836
Total operating expenses 271,200 253,770 287,596
Acquired intangible asset impairment and amortization expense 3,317 13,125 4,149
Total expenses 274,517 266,895 291,745
Income before income tax expense 416,527 341,869 87,848
Income tax expense 158,934 126,143 34,411
Net income 257,593 215,726 53,437
Less: net loss attributable to noncontrolling interest (1,352) (1,894) (760)
Net income attributable to SLM Corporation $ 258,945 $ 217,620 $ 54,197