XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 1,570,378 $ 2,182,865
Available-for-sale investments at fair value (cost of $155,136 and $106,977, respectively) 153,893 102,105
Loans held for investment (net of allowance for losses of $65,715 and $68,081, respectively) 9,095,373 7,931,377
Other interest-earning assets 52,191 4,355
Accrued interest receivable 453,522 356,283
Premises and equipment, net 78,806 74,188
Acquired intangible assets, net 3,733 6,515
Tax indemnification receivable 253,681 0
Other assets 53,375 48,976
Total assets 11,714,952 10,706,664
Liabilities    
Deposits 9,173,022 9,001,550
Income taxes payable, net 283,118 162,205
Upromise related liabilities 296,594 307,518
Other liabilities 143,790 69,248
Total liabilities 9,896,524 9,540,521
Commitments and contingencies      
Equity    
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 424 million and 0 shares issued, respectively 84,777 0
Additional paid-in capital 1,078,501 0
Accumulated other comprehensive (loss) income (net of tax (benefit) expense of ($1,275) and ($1,849), respectively) (1,852) (3,024)
Retained earnings 98,210 0
Total SLM Corporation stockholders' equity before treasury stock 1,824,636 1,161,471
Less: Common stock held in treasury at cost: 1 million and 0 shares, respectively (6,208) 0
Noncontrolling interest 0 4,672
Total equity 1,818,428 1,166,143
Total liabilities and equity 11,714,952 10,706,664
Series A Preferred Stock
   
Equity    
Preferred stock value outstanding 165,000 0
Series B Preferred Stock
   
Equity    
Preferred stock value outstanding 400,000 0
Navient's subsidiary investment
   
Equity    
Additional paid-in capital $ 0 $ 1,164,495