Sallie Mae 2011 Annual Report Download - page 141
Download and view the complete annual report
Please find page 141 of the 2011 Sallie Mae annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
 |
 |
SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. Allowance for Loan Losses (Continued)
Allowance for Loan Losses
Year Ended December 31, 2009
(Dollars in millions) FFELP Loans
Private Education
Loans
Other
Loans Total
Allowance for Loan Losses
Beginning balance ...................... $ 138 $ 1,308 $ 61 $ 1,507
Total provision ...................... 106 967 46 1,119
Charge-offs ......................... (79) (876) (31) (986)
Student loan sales and securitization
activity ........................... (4) — — (4)
Reclassification of interest reserve(1) ..... — 44 — 44
Ending Balance ........................ $ 161 $ 1,443 $ 76 $ 1,680
Allowance:
Ending balance: individually evaluated for
impairment ......................... $ — $ 32 $ 57 $ 89
Ending balance: collectively evaluated for
impairment ......................... $ 161 $ 1,411 $ 19 $ 1,591
Ending balance: loans acquired with
deteriorated credit quality .............. $ — $ — $ — $ —
Loans:
Ending balance: individually evaluated for
impairment ......................... $ — $ 174 $128 $ 302
Ending balance: collectively evaluated for
impairment ......................... $119,027 $24,581 $ 310 $143,918
Ending balance: loans acquired with
deteriorated credit quality .............. $ — $ — $ — $ —
Charge-offs as a percentage of average loans
in repayment and forbearance ........... .10% 6.7% 6.3%
Charge-offs as a percentage of average loans
in repayment ........................ .11% 7.2% 6.3%
Allowance as a percentage of the ending total
loan balance ......................... .14% 5.8% 17.4%
Allowance as a percentage of the ending
loans in repayment ................... .23% 10.0% 17.4%
Allowance coverage of charge-offs ........ 2.0 1.6 2.4
Ending total loans(2) ..................... $119,027 $24,755 $ 438
Average loans in repayment .............. $ 69,020 $12,137 $ 495
Ending loans in repayment ............... $ 69,827 $14,379 $ 438
(1) Represents the additional allowance related to the amount of uncollectible interest reserved within interest income that is
transferred in the period to the allowance for loan losses when interest is capitalized to a loan’s principal balance.
(2) Ending total loans for Private Education Loans includes the receivable for partially charged-off loans.
F-32