Sallie Mae 2015 Annual Report Download - page 137
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SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, unless otherwise noted)
11. Derivative Financial Instruments (Continued)
F-47
Impact of Derivatives on the Statements of Changes in Stockholders' Equity
Years Ended December 31,
2015 2014 2013
Amount of loss recognized in other
comprehensive income . . . . . . . . . . . . . . . . $ (26,699) $ (28,842) $ —
Amount of loss reclassified in interest
expense(1) . . . . . . . . . . . . . . . . . . . . . . . . . . (21,475) (9,070) —
Total change in other comprehensive
income for unrealized losses on
derivatives, before income tax benefit . . . . $ (5,224) $ (19,772) $ —
(1) Amounts included in “realized 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
$1.1 million and $0.9 million at December 31, 2015 and 2014, respectively. Collateral held is recorded in “Other Liabilities” on
the consolidated balance sheets. Cash collateral pledged related to derivative exposure between the Company and its derivatives
counterparties was $54.8 million and $72.5 million at December 31, 2015 and 2014, respectively. Collateral pledged is recorded
in "Other interest-earning assets" on the consolidated balance sheets.