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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest income:    
Loans $ 197,856us-gaap_InterestAndFeeIncomeLoansAndLeases $ 160,035us-gaap_InterestAndFeeIncomeLoansAndLeases
Investments 2,720us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale 968us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
Cash and cash equivalents 780slm_CashAndInvestmentsInterestIncomeLoss 866slm_CashAndInvestmentsInterestIncomeLoss
Total interest income 201,356us-gaap_InterestAndDividendIncomeOperating 161,869us-gaap_InterestAndDividendIncomeOperating
Interest expense:    
Deposits 29,570us-gaap_InterestExpenseDeposits 22,591us-gaap_InterestExpenseDeposits
Other interest expense 832us-gaap_InterestExpenseOther 40us-gaap_InterestExpenseOther
Total interest expense 30,402us-gaap_InterestExpense 22,631us-gaap_InterestExpense
Net interest income 170,954us-gaap_InterestIncomeExpenseNet 139,238us-gaap_InterestIncomeExpenseNet
Less: provisions for loan losses 16,618us-gaap_ProvisionForLoanLeaseAndOtherLosses 39,159us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net interest income after provisions for loan losses 154,336us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 100,079us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:    
Gains on sales of loans, net 0us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet 33,888us-gaap_LoansAndLeasesReceivableGainLossOnSalesNet
Gains (losses) on derivatives and hedging activities, net 3,292us-gaap_GainLossOnDerivativeInstrumentsNetPretax (764)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Other 8,007us-gaap_NoninterestIncomeOtherOperatingIncome 8,136us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 11,299us-gaap_NoninterestIncome 41,260us-gaap_NoninterestIncome
Expenses:    
Compensation and benefits 41,203us-gaap_LaborAndRelatedExpense 29,667us-gaap_LaborAndRelatedExpense
Other operating expenses 39,984us-gaap_OtherNoninterestExpense 34,004us-gaap_OtherNoninterestExpense
Total operating expenses 81,187us-gaap_OperatingExpenses 63,671us-gaap_OperatingExpenses
Acquired intangible asset amortization expense 370slm_AcquiredIntangibleAssetsImpairmentAndAmortizationExpense 1,767slm_AcquiredIntangibleAssetsImpairmentAndAmortizationExpense
Restructuring and other reorganization expenses 4,657us-gaap_RestructuringCharges 229us-gaap_RestructuringCharges
Total expenses 86,214us-gaap_NoninterestExpense 65,667us-gaap_NoninterestExpense
Income before income tax expense 79,421us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 75,672us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 31,722us-gaap_IncomeTaxExpenseBenefit 28,658us-gaap_IncomeTaxExpenseBenefit
Net income 47,699us-gaap_ProfitLoss 47,014us-gaap_ProfitLoss
Less: net loss attributable to noncontrolling interest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (434)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to SLM Corporation 47,699us-gaap_NetIncomeLoss 47,448us-gaap_NetIncomeLoss
Preferred stock dividends 4,823us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact
Net income attributable to SLM Corporation common stock $ 42,876us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 47,448us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.10us-gaap_EarningsPerShareBasic $ 0.11us-gaap_EarningsPerShareBasic
Average common shares outstanding (in shares) 424,428us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 426,717us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per common share attributable to SLM Corporation (in dollars per share) $ 0.10us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted
Average common and common equivalent shares outstanding (in shares) 432,302us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 434,650us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding