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Balance Sheet Offsetting (Tables)
 6 Months Ended
Jun. 30, 2018
Offsetting [Abstract]  
Gross Presentation Effects of Offsetting and Net Presentation of Valley's Financial Instruments
The table below presents information about Valley’s financial instruments that are eligible for offset in the consolidated statements of financial condition as of June 30, 2018 and December 31, 2017.
 
 
 
 
 
 
 
Gross Amounts Not Offset
 
 
 
Gross Amounts
Recognized
 
Gross Amounts
Offset
 
Net Amounts
Presented
 
Financial
Instruments
 
Cash
Collateral
 
Net
Amount
 
(in thousands)
June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
29,834

 
$
—

 
$
29,834

 
$
(336
)
 
$
—

 
$
29,498

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
37,586

 
$
—

 
$
37,586

 
$
(336
)
 
$
(1,645
)
(1) 
$
35,605

Repurchase agreements
150,000

 
—

 
150,000

 
—

 
(150,000
)
(2) 
—

Total
$
187,586

 
$
—

 
$
187,586

 
$
(336
)
 
$
(151,645
)
 
$
35,605

December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps and caps
$
26,346

 
$
—

 
$
26,346

 
$
(5,376
)
 
$
—

 
$
20,970

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps and caps
$
24,212

 
$
—

 
$
24,212

 
$
(5,376
)
 
$
(8,141
)
(1) 
$
10,695

Repurchase agreements
200,000

 
—

 
200,000

 
—

 
(200,000
)
(2) 
—

Total
$
224,212

 
$
—

 
$
224,212

 
$
(5,376
)
 
$
(208,141
)
 
$
10,695

 
(1)
Represents the amount of collateral posted with derivative counterparties that offsets net liability positions.
(2)
Represents the fair value of non-cash pledged investment securities.