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Balance Sheet Offsetting (Tables)
 9 Months Ended
Sep. 30, 2015
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 September 30, 2015 and December 31, 2014.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset
 
 
 
Gross Amounts
Recognized
 
Gross Amounts
Offset
 
Net Amounts
Presented
 
Financial
Instruments
 
Cash
Collateral
 
Net
Amount
 
(in thousands)
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
34,000

 
$
—

 
$
34,000

 
$
(10,721
)
 
$
—

 
$
23,279

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
57,026

 
$
—

 
$
57,026

 
$
(10,721
)
 
$
(46,305
)
 
$
—

Repurchase agreements
395,000

 
—

 
395,000

 
—

 
(395,000
)
*
—

Total
$
452,026

 
$
—

 
$
452,026

 
$
(10,721
)
 
$
(441,305
)
 
$
—

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
)
 
$
(419,735
)
 
$
—

 
*
Represents fair value of non-cash pledged investment securities.