XML 74 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Balance Sheet Offsetting (Tables)
 12 Months Ended
Dec. 31, 2014
Offsetting [Abstract]  
Summary of Valley's Financial Instruments that are Eligible for Offset
The table below presents information about Valley’s financial instruments that are eligible for offset in the consolidated statements of financial condition as of December 31, 2014 and 2013. 
 
 
 
 
 
 
 
Gross Amounts Not Offset
 
 
 
Gross Amounts
Recognized
 
Gross Amounts
Offset
 
Net Amounts
Presented
 
Financial
Instruments
 
Cash
Collateral
 
Net
Amount
 
(in thousands)
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
20,950

 
$
—

 
$
20,950

 
$
(8,504
)
 
$
—

 
$
12,446

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
33,239

 
$
—

 
$
33,239

 
$
(8,504
)
 
$
24,735

 
$
—

Repurchase agreements
395,000

 
—

 
395,000

 
—

 
(395,000
)
*
—

Total
$
428,239

 
$
—

 
$
428,239

 
$
(8,504
)
 
$
(370,265
)
 
$
—

December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
14,805

 
$
—

 
$
14,805

 
$
(8,284
)
 
$
—

 
$
6,521

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
20,439

 
$
—

 
$
20,439

 
$
(8,284
)
 
$
(12,155
)
 
$
—

Repurchase agreements
520,000

 
—

 
520,000

 
—

 
(520,000
)
*
—

Total
$
540,439

 
$
—

 
$
540,439

 
$
(8,284
)
 
$
(532,155
)
 
$
—