Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2025

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, 2025 and 2024.


							Gross Amounts Not Offset
	Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Presented		Financial Instruments		Cash Collateral *		Net Amount
	(in thousands)
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
December 31, 2024
Assets:
Interest rate swaps and other contracts	$	426,102	$	—	$	426,102	$	32,571	$	(358,520)	$	100,153
Liabilities:
Interest rate swaps and other contracts	$	437,485	$	—	$	437,485	$	(32,571)	$	—	$	404,914

* 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 that are eligible for offset in the consolidated statements of financial condition as of December 31, 2025 and 2024.


							Gross Amounts Not Offset
	Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Presented		Financial Instruments		Cash Collateral *		Net Amount
	(in thousands)
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
December 31, 2024
Assets:
Interest rate swaps and other contracts	$	426,102	$	—	$	426,102	$	32,571	$	(358,520)	$	100,153
Liabilities:
Interest rate swaps and other contracts	$	437,485	$	—	$	437,485	$	(32,571)	$	—	$	404,914

* Cash collateral received from or pledged to our counterparties in relation to market value exposures of OTC derivative contracts in an asset/liability position.