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Selected Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information |
|  | 2016
|  | First |  | Second |  | Third |  | Fourth
(Dollars in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Net interest income |  | $ | 209,863 |  |  | $ | 212,766 |  |  | $ | 223,275 |  |  | $ | 245,434 |
Less: provisions for credit losses |  | 32,602 |  |  | 41,793 |  |  | 41,784 |  |  | 43,226 |
Net interest income after provisions for credit losses |  | 177,261 |  |  | 170,973 |  |  | 181,491 |  |  | 202,208 |
Gains on sales of loans, net |  | — |  |  | — |  |  | — |  |  | 230 |
(Losses) gains on derivative and hedging activities, net |  | (354 | ) |  | 2,142 |  |  | 1,368 |  |  | (4,114 | )
Other income |  | 21,028 |  |  | 13,683 |  |  | 21,598 |  |  | 13,235 |
Total operating expenses |  | 92,885 |  |  | 94,777 |  |  | 99,709 |  |  | 98,036 |
Acquired intangible asset amortization expense |  | 260 |  |  | 261 |  |  | 226 |  |  | 159 |
Income tax expense |  | 38,875 |  |  | 34,555 |  |  | 47,557 |  |  | 43,122 |
Net income |  | 65,915 |  |  | 57,205 |  |  | 56,965 |  |  | 70,242 |
Preferred stock dividends |  | 5,139 |  |  | 5,243 |  |  | 5,316 |  |  | 5,506 |
Net income attributable to SLM Corporation common stock |  | $ | 60,776 |  |  | $ | 51,962 |  |  | $ | 51,649 |  |  | $ | 64,736 |
Basic earnings per common share attributable to SLM Corporation(1) |  | $ | 0.14 |  |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.15 |
Diluted earnings per common share attributable to SLM Corporation(1) |  | $ | 0.14 |  |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.15 |
_____ (1) Basic and diluted earnings per common share attributable to SLM Corporation are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.
|  | 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 |
Total operating expenses |  | 81,187 |  |  | 89,799 |  |  | 92,864 |  |  | 85,245 |
Acquired intangible asset 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 |  | 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(1) |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.20 |
Diluted earnings per common share attributable to SLM Corporation(1) |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.09 |  |  | $ | 0.20 |
_____ (1) Basic and diluted earnings per common share attributable to SLM Corporation are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, 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=68076893&loc=d3e1280-108306 + Details
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