v3.26.1
Balance Sheet Offsetting (Tables)
6 Months Ended
Jun. 30, 2026
Offsetting [Abstract]  
Offsetting Assets
The table below presents information about Valley’s financial instruments eligible for offset in the consolidated statements of financial condition as of June 30, 2026 and December 31, 2025.
Gross Amounts Not Offset
Gross Amounts
Recognized
Gross Amounts
Offset
Net Amounts
Presented
Financial
Instruments
Cash
Collateral *
Net
Amount
(in thousands)
June 30, 2026
Assets
Interest rate swaps and other contracts$239,768 $— $239,768 $— $(189,890)$49,878 
Liabilities
Interest rate swaps and other contracts$238,955 $— $238,955 $— $(145)$238,810 
December 31, 2025
Assets
Interest rate swaps and other contracts$163,510 $— $163,510 $— $(152,030)$11,480 
Liabilities
Interest rate swaps and other contracts$165,999 $— $165,999 $— $(44,844)$121,155 
*    Cash collateral received from or pledged to our counterparties in relation to market value exposures of OTC derivative contracts in an asset/liability position.
Offsetting Liabilities
The table below presents information about Valley’s financial instruments eligible for offset in the consolidated statements of financial condition as of June 30, 2026 and December 31, 2025.
Gross Amounts Not Offset
Gross Amounts
Recognized
Gross Amounts
Offset
Net Amounts
Presented
Financial
Instruments
Cash
Collateral *
Net
Amount
(in thousands)
June 30, 2026
Assets
Interest rate swaps and other contracts$239,768 $— $239,768 $— $(189,890)$49,878 
Liabilities
Interest rate swaps and other contracts$238,955 $— $238,955 $— $(145)$238,810 
December 31, 2025
Assets
Interest rate swaps and other contracts$163,510 $— $163,510 $— $(152,030)$11,480 
Liabilities
Interest rate swaps and other contracts$165,999 $— $165,999 $— $(44,844)$121,155 
*    Cash collateral received from or pledged to our counterparties in relation to market value exposures of OTC derivative contracts in an asset/liability position.