Sallie Mae 2011 Annual Report Download - page 63
Download and view the complete annual report
Please find page 63 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
 |
 |
Student Loan Activity
Year Ended December 31, 2011
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Total Private
Education
Loans
Total
Portfolio
Beginning balance ........................ $56,252 $92,397 $148,649 $35,656 $184,305
Acquisitions and originations ............... 814 802 1,616 2,942 4,558
Capitalized interest and premium/discount
amortization .......................... 1,506 1,535 3,041 1,269 4,310
Consolidations to third parties .............. (2,741) (1,058) (3,799) (69) (3,868)
Sales .................................. (754) — (754) — (754)
Repayments/defaults/other ................. (4,637) (5,986) (10,623) (3,508) (14,131)
Ending balance .......................... $50,440 $87,690 $138,130 $36,290 $174,420
Year Ended December 31, 2010
(Dollars in millions)
FFELP
Stafford and
Other
FFELP
Consolidation
Loans
Total
FFELP
Total Private
Education
Loans
Total
Portfolio
Beginning balance — GAAP-basis .......... $52,675 $68,379 $121,054 $22,753 $143,807
Consolidation of off-balance sheet loans(1) ..... 5,500 14,797 20,297 12,341 32,638
Beginning balance — total portfolio ......... 58,175 83,176 141,351 35,094 176,445
Acquisitions and originations ............... 14,349 76 14,425 2,434 16,859
Capitalized interest and premium/discount
amortization .......................... 1,324 1,357 2,681 1,462 4,143
Consolidations to third parties .............. (2,092) (793) (2,885) (46) (2,931)
Loan acquisition on December 31, 2010 ...... 11,237 13,652 24,889 — 24,889
Sales .................................. (21,054) (71) (21,125) — (21,125)
Repayments/defaults/other ................. (5,687) (5,000) (10,687) (3,288) (13,975)
Ending balance .......................... $56,252 $92,397 $148,649 $35,656 $184,305
(1) On January 1, 2010, upon adoption of the new consolidation accounting guidance, all off-balance sheet loans are included in the GAAP-
basis.
61