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Balance Sheet Offsetting (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 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)
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
25,776

 
$
—

 
$
25,776

 
$
(725
)
 
$
—

 
$
25,051

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
29,896

 
$
—

 
$
29,896

 
$
(725
)
 
$
(1,874
)
(1) 
$
27,297

Repurchase agreements
150,000

 
—

 
150,000

 
—

 
(150,000
)
(2) 
—

Total
$
179,896

 
$
—

 
$
179,896

 
$
(725
)
 
$
(151,874
)
 
$
27,297

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

 
$
—

 
$
26,346

 
$
(5,376
)
 
$
—

 
$
20,970

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate caps and swaps
$
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 derivatives counterparties that offsets net liability positions. Actual cash collateral posted with all counterparties totaled $41.3 million and $51.4 million at March 31, 2018 and December 31, 2017, respectively.
(2)
Represents the fair value of non-cash pledged investment securities.