Sallie Mae 2011 Annual Report Download - page 69
Download and view the complete annual report
Please find page 69 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
 |
 |
The following table provides the detail for our traditional and non-traditional “Core Earnings” basis Private
Education Loans.
Years Ended
December 31, 2011 December 31, 2010 December 31, 2009
(Dollars in millions) Traditional
Non-
Traditional Total Traditional
Non-
Traditional Total Traditional
Non-
Traditional Total
Ending total
loans(1) .......... $35,233 $4,101 $39,334 $34,177 $4,395 $38,572 $33,223 $4,747 $37,970
Ending loans in
repayment ....... 27,467 2,718 30,185 25,043 2,809 27,852 21,453 2,913 24,366
Private Education
Loan allowance for
losses ........... 1,542 629 2,171 1,231 791 2,022 1,056 911 1,967
Charge-offs as a
percentage of
average loans in
repayment ....... 2.8% 12.3% 3.7% 3.6% 16.8% 5.0% 3.6% 21.4% 6.0%
Allowance as a
percentage of
ending total loan
balance(1) ........ 4.4% 15.3% 5.5% 3.6% 18.0% 5.2% 3.2% 19.2% 5.2%
Allowance as a
percentage of
ending loans in
repayment ....... 5.6% 23.1% 7.2% 4.9% 28.2% 7.3% 4.9% 31.3% 8.1%
Allowance coverage
of charge-offs .... 2.1 1.9 2.0 1.5 1.7 1.6 1.6 1.5 1.5
Delinquencies as a
percentage of
Private Education
Loans in
repayment ....... 8.6% 26.0% 10.1% 8.8% 27.4% 10.6% 9.5% 31.4% 12.1%
Delinquencies greater
than 90 days as a
percentage of
Private Education
Loans in
repayment ....... 4.0% 13.6% 4.9% 4.2% 15.0% 5.3% 4.6% 17.5% 6.1%
Loans in forbearance
as a percentage of
loans in repayment
and forbearance . . . 4.2% 6.6% 4.4% 4.4% 6.1% 4.6% 5.3% 7.1% 5.5%
Loans that entered
repayment during
the period(2) ...... $ 1,514 $ 110 $ 1,624 $ 2,510 $ 187 $ 2,697 $ 2,966 $ 261 $ 3,227
Percentage of Private
Education Loans
with a cosigner . . . 65% 29% 62% 63% 28% 59% 61% 28% 57%
Average FICO at
origination ....... 726 624 717 725 623 715 725 623 713
(1) Ending total loans represents gross Private Education Loans, plus the receivable for partially charged-off loans.
(2) Includes loans that are required to make a payment for the first time.
As part of concluding on the adequacy of the allowance for loan loss, we review key allowance and loan
metrics. The most significant of these metrics considered are the allowance coverage of charge-offs ratio; the
allowance as a percentage of total loans and of loans in repayment; and delinquency and forbearance percentages.
67