Sallie Mae 2014 Annual Report Download - page 123

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SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, unless otherwise noted)
11.
Derivative Financial Instruments (Continued)
Impact of Derivatives on the Statements of Changes in Stockholders' Equity
Years Ended December 31,
2014
2013
2012
Amount of loss recognized in other
comprehensive income .............................
$
(28,842
)
$
—
$
—
Amount of loss reclassified in interest
expense
(1)
................................................
(9,070
)
—
—
Total change in other comprehensive
income for unrealized losses on
derivatives ..............................................
$
(19,772
)
$
—
$
—
(1) Amounts included in “realized gains (losses) recorded in interest expense” in the “Impact of Derivatives
on the Consolidated Statements of Income” table.
Cash Collateral
Cash collateral held related to derivative exposure between the Company and its derivatives counterparties was $900 and
$5,190 at December 31, 2014 and 2013, respectively. Collateral held is recorded in “Other Liabilities.” Cash collateral pledged
related to derivative exposure between the Company and its derivatives counterparties was $72,478 and $40 at December 31,
2014 and 2013, respectively. Collateral pledged is recorded in "Other interest-earning assets" on the consolidated balance
sheets.
F-39