XML 115 R119.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Deferred tax assets:    
Allowance for loan losses $ 42,574us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses $ 48,042us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
Depreciation 15,082us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment 13,327us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment
Employee benefits 17,893us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits 14,325us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
Investment securities, including other-than-temporary impairment losses 15,972vly_DeferredTaxAssetsInvestmentSecuritiesIncludingOtherThanTemporaryImpairmentLosses 24,735vly_DeferredTaxAssetsInvestmentSecuritiesIncludingOtherThanTemporaryImpairmentLosses
Net operating loss carryforwards 39,462us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal 53,926us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
Purchase accounting 31,327vly_DeferredTaxAssetsPurchaseAccounting 6,863vly_DeferredTaxAssetsPurchaseAccounting
Other 18,138us-gaap_DeferredTaxAssetsOther 21,063us-gaap_DeferredTaxAssetsOther
Total deferred tax assets 180,448us-gaap_DeferredTaxAssetsGross 182,281us-gaap_DeferredTaxAssetsGross
Deferred tax liabilities:    
Pension plans 13,081vly_DeferredTaxLiabilitiesPensionPlan 21,774vly_DeferredTaxLiabilitiesPensionPlan
Other investments 14,662vly_DeferredTaxLiabilitiesOtherInvestments 11,096vly_DeferredTaxLiabilitiesOtherInvestments
Other 21,127us-gaap_DeferredTaxLiabilitiesOther 17,811us-gaap_DeferredTaxLiabilitiesOther
Total deferred tax liabilities 48,870us-gaap_DeferredTaxLiabilities 50,681us-gaap_DeferredTaxLiabilities
Net deferred tax asset (included in other assets) $ 131,578us-gaap_DeferredTaxAssetsNet $ 131,600us-gaap_DeferredTaxAssetsNet