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Selected Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information |
|  | 2015
|  | First |  | Second |  | Third |  | Fourth
(Dollars in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Net interest income |  | $ | 170,954 |  |  | $ | 168,257 |  |  | $ | 175,442 |  |  | $ | 187,846 |
Less: provisions for credit losses |  | 16,618 |  |  | 15,558 |  |  | 27,497 |  |  | 30,382 |
Net interest income after provisions for credit losses |  | 154,336 |  |  | 152,699 |  |  | 147,945 |  |  | 157,464 |
Gains on sales of loans, net |  | — |  |  | 76,874 |  |  | — |  |  | 58,484 |
Gains (losses) on derivative and hedging activities, net |  | 3,292 |  |  | 1,602 |  |  | (547 | ) |  | 953 |
Other income |  | 8,007 |  |  | 10,912 |  |  | 10,455 |  |  | 12,561 |
Operating expenses |  | 81,187 |  |  | 89,799 |  |  | 92,864 |  |  | 85,245 |
Acquired intangible asset impairment and amortization expense |  | 370 |  |  | 370 |  |  | 370 |  |  | 370 |
Restructuring and other reorganization expenses |  | 4,657 |  |  | 744 |  |  | 910 |  |  | (913 | )
Income tax expense |  | 31,722 |  |  | 60,158 |  |  | 17,985 |  |  | 54,915 |
Net income attributable to SLM Corporation |  | 47,699 |  |  | 91,016 |  |  | 45,724 |  |  | 89,845 |
Preferred stock dividends |  | 4,823 |  |  | 4,870 |  |  | 4,913 |  |  | 4,989 |
Net income attributable to SLM Corporation common stock |  | $ | 42,876 |  |  | $ | 86,146 |  |  | $ | 40,811 |  |  | $ | 84,856 |
Basic earnings per common share attributable to SLM Corporation |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.20 |
Diluted earnings per common share attributable to SLM Corporation |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.09 |  |  | $ | 0.20 |
|  | 2014
|  | First |  | Second |  | Third |  | Fourth
(Dollars in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Net interest income |  | $ | 139,238 |  |  | $ | 144,539 |  |  | $ | 144,026 |  |  | $ | 150,676 |
Less: provisions for credit losses |  | 39,159 |  |  | 1,014 |  |  | 14,898 |  |  | 30,458 |
Net interest income after provisions for credit losses |  | 100,079 |  |  | 143,525 |  |  | 129,128 |  |  | 120,218 |
Gains on sales of loans, net |  | 33,888 |  |  | 1,928 |  |  | 85,147 |  |  | 396 |
(Losses) gains on derivative and hedging activities, net |  | (764 | ) |  | (9,458 | ) |  | 5,401 |  |  | 825 |
Other income |  | 8,136 |  |  | 15,229 |  |  | 5,461 |  |  | 11,095 |
Operating expenses |  | 63,671 |  |  | 60,479 |  |  | 72,079 |  |  | 78,724 |
Acquired intangible asset impairment and amortization expense |  | 1,767 |  |  | 1,156 |  |  | 1,150 |  |  | (855 | )
Restructuring and other reorganization expenses |  | 229 |  |  | 13,520 |  |  | 14,079 |  |  | 10,483 |
Income tax expense |  | 28,658 |  |  | 31,941 |  |  | 54,903 |  |  | 24,465 |
Net income |  | 47,014 |  |  | 44,128 |  |  | 82,926 |  |  | 19,717 |
Less: net loss attributable to noncontrolling interest |  | (434 | ) |  | — |  |  | — |  |  | — |
Net income attributable to SLM Corporation |  | 47,448 |  |  | 44,128 |  |  | 82,926 |  |  | 19,717 |
Preferred stock dividends |  | — |  |  | 3,228 |  |  | 4,850 |  |  | 4,855 |
Net income attributable to SLM Corporation common stock |  | $ | 47,448 |  |  | $ | 40,900 |  |  | $ | 78,076 |  |  | $ | 14,862 |
Basic earnings per common share attributable to SLM Corporation |  | $ | 0.11 |  |  | $ | 0.1 |  |  | $ | 0.18 |  |  | $ | 0.04 |
Diluted earnings per common share attributable to SLM Corporation |  | $ | 0.11 |  |  | $ | 0.09 |  |  | $ | 0.18 |  |  | $ | 0.03 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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