CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 938,480	$ 2,416,219
Available-for-sale investments at fair value (cost of $201,585 and $196,402, respectively)	203,597	195,391
Loans held for investment (net of allowance for losses of $126,249 and $112,507, respectively)	13,108,425	11,630,591
Restricted cash and investments	24,612	27,980
Other interest-earning assets	58,451	54,845
Accrued interest receivable	650,813	564,496
Premises and equipment, net	81,261	81,273
Acquired intangible assets, net	1,485	1,745
Tax indemnification receivable	187,156	186,076
Other assets	70,493	55,482
Total assets	15,324,773	15,214,098
Liabilities
Deposits	11,543,355	11,487,707
Short-term borrowings	526,500	500,175
Long-term borrowings	558,513	579,101
Income taxes payable, net	142,410	166,662
Upromise related liabilities	263,899	275,384
Other liabilities	146,171	108,746
Total liabilities	$ 13,180,848	$ 13,117,775
Commitments and contingencies
Equity
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 433.4 million and 430.7 million shares issued, respectively	$ 86,684	$ 86,136
Additional paid-in capital	1,142,502	1,135,860
Accumulated other comprehensive loss (net of tax benefit of $18,089 and $9,949, respectively)	(29,269)	(16,059)
Retained earnings	426,986	366,609
Total SLM Corporation stockholders' equity before treasury stock	2,191,903	2,137,546
Less: Common stock held in treasury at cost: 5.5 million and 4.4 million shares, respectively	(47,978)	(41,223)
Total equity	2,143,925	2,096,323
Total liabilities and equity	15,324,773	15,214,098
Series A Preferred Stock
Equity
Preferred stock value outstanding	165,000	165,000
Series B Preferred Stock
Equity
Preferred stock value outstanding	$ 400,000	$ 400,000