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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest income:      
Loans $ 660,792us-gaap_InterestAndFeeIncomeLoansAndLeases $ 527,257us-gaap_InterestAndFeeIncomeLoansAndLeases $ 462,642us-gaap_InterestAndFeeIncomeLoansAndLeases
Investments 8,913us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 20,090us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 26,340us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Cash and cash equivalents 4,589slm_CashAndInvestmentsInterestIncomeLoss 3,853slm_CashAndInvestmentsInterestIncomeLoss 2,299slm_CashAndInvestmentsInterestIncomeLoss
Total interest income 674,294us-gaap_InterestAndDividendIncomeOperating 551,200us-gaap_InterestAndDividendIncomeOperating 491,281us-gaap_InterestAndDividendIncomeOperating
Interest expense:      
Deposits 95,774us-gaap_InterestExpenseDeposits 88,019us-gaap_InterestExpenseDeposits 82,173us-gaap_InterestExpenseDeposits
Other interest expense 41us-gaap_InterestExpenseOther 1,066us-gaap_InterestExpenseOther 739us-gaap_InterestExpenseOther
Total interest expense 95,815us-gaap_InterestExpense 89,085us-gaap_InterestExpense 82,912us-gaap_InterestExpense
Net interest income 578,479us-gaap_InterestIncomeExpenseNet 462,115us-gaap_InterestIncomeExpenseNet 408,369us-gaap_InterestIncomeExpenseNet
Less: provisions for loan losses 85,529us-gaap_ProvisionForLoanLeaseAndOtherLosses 69,339us-gaap_ProvisionForLoanLeaseAndOtherLosses 66,116us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net interest income after provisions for loan losses 492,950us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 392,776us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 342,253us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:      
Gains on sales of loans, net 121,359us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet 196,593us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet 235,202us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet
Gains on sales of securities 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 63,813us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 129us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
(Losses) gains on derivatives and hedging activities, net (3,996)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 640us-gaap_GainLossOnDerivativeInstrumentsNetPretax (5,461)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Other 39,921us-gaap_NoninterestIncomeOtherOperatingIncome 37,222us-gaap_NoninterestIncomeOtherOperatingIncome 36,641us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 157,284us-gaap_NoninterestIncome 298,268us-gaap_NoninterestIncome 266,511us-gaap_NoninterestIncome
Expenses:      
Compensation and benefits 129,709us-gaap_LaborAndRelatedExpense 106,799us-gaap_LaborAndRelatedExpense 109,575us-gaap_LaborAndRelatedExpense
Other operating expenses 145,172us-gaap_OtherNoninterestExpense 163,675us-gaap_OtherNoninterestExpense 144,195us-gaap_OtherNoninterestExpense
Total operating expenses 274,881us-gaap_OperatingExpenses 270,474us-gaap_OperatingExpenses 253,770us-gaap_OperatingExpenses
Acquired intangible asset impairment and amortization expense 3,290slm_AcquiredIntangibleAssetsImpairmentAndAmortizationExpense 3,317slm_AcquiredIntangibleAssetsImpairmentAndAmortizationExpense 13,125slm_AcquiredIntangibleAssetsImpairmentAndAmortizationExpense
Restructuring and other reorganization expenses 38,311us-gaap_RestructuringCharges 726us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges
Total expenses 316,482us-gaap_NoninterestExpense 274,517us-gaap_NoninterestExpense 266,895us-gaap_NoninterestExpense
Income before income tax expense 333,752us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 416,527us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 341,869us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 139,967us-gaap_IncomeTaxExpenseBenefit 158,934us-gaap_IncomeTaxExpenseBenefit 126,143us-gaap_IncomeTaxExpenseBenefit
Net income 193,785us-gaap_ProfitLoss 257,593us-gaap_ProfitLoss 215,726us-gaap_ProfitLoss
Less: net loss attributable to noncontrolling interest (434)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,352)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,894)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to SLM Corporation 194,219us-gaap_NetIncomeLoss 258,945us-gaap_NetIncomeLoss 217,620us-gaap_NetIncomeLoss
Preferred stock dividends 12,933us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income attributable to SLM Corporation common stock $ 181,286us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 258,945us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 217,620us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.43us-gaap_EarningsPerShareBasic $ 0.59us-gaap_EarningsPerShareBasic $ 0.46us-gaap_EarningsPerShareBasic
Average common shares outstanding (in shares) 423,970us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 440,108us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 476,118us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.42us-gaap_EarningsPerShareDiluted $ 0.58us-gaap_EarningsPerShareDiluted $ 0.45us-gaap_EarningsPerShareDiluted
Average common and common equivalent shares outstanding (in shares) 432,269us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 448,549us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 482,892us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding