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Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Cash and due from banks $ 462,569us-gaap_CashAndDueFromBanks $ 234,253us-gaap_CashAndDueFromBanks
Interest bearing deposits with banks 367,838us-gaap_InterestBearingDepositsInBanks 134,915us-gaap_InterestBearingDepositsInBanks
Investment securities:    
Held to maturity, fair value of $1,815,976 at December 31, 2014 and $1,711,427 at December 31, 2013 1,778,316us-gaap_HeldToMaturitySecurities 1,731,737us-gaap_HeldToMaturitySecurities
Available for sale 886,970us-gaap_AvailableForSaleSecurities 829,692us-gaap_AvailableForSaleSecurities
Trading securities 14,233us-gaap_TradingSecurities 14,264us-gaap_TradingSecurities
Total investment securities 2,679,519us-gaap_MarketableSecurities 2,575,693us-gaap_MarketableSecurities
Loans held for sale, at fair value 24,295vly_LoansHeldForSaleAtFairValue 10,488vly_LoansHeldForSaleAtFairValue
Non-covered loans 13,262,022us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome 11,471,447us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
Covered loans 211,891us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered 96,165us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered
Less: Allowance for loan losses (102,353)us-gaap_FinancingReceivableAllowanceForCreditLosses (113,617)us-gaap_FinancingReceivableAllowanceForCreditLosses
Net loans 13,371,560us-gaap_LoansAndLeasesReceivableNetReportedAmount 11,453,995us-gaap_LoansAndLeasesReceivableNetReportedAmount
Premises and equipment, net 282,997us-gaap_PropertyPlantAndEquipmentNet 270,138us-gaap_PropertyPlantAndEquipmentNet
Bank owned life insurance 375,640us-gaap_BankOwnedLifeInsurance 344,023us-gaap_BankOwnedLifeInsurance
Accrued interest receivable 57,333us-gaap_AccruedInvestmentIncomeReceivable 53,964us-gaap_AccruedInvestmentIncomeReceivable
Due from customers on acceptances outstanding 4,197us-gaap_DueFromCustomerAcceptances 5,032us-gaap_DueFromCustomerAcceptances
FDIC loss-share receivable 13,848us-gaap_FDICIndemnificationAsset 32,757us-gaap_FDICIndemnificationAsset
Goodwill 575,892us-gaap_Goodwill 428,234us-gaap_Goodwill
Other intangible assets, net 38,775us-gaap_IntangibleAssetsNetExcludingGoodwill 36,130us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 539,392us-gaap_OtherAssets 576,919us-gaap_OtherAssets
Total Assets 18,793,855us-gaap_Assets 16,156,541us-gaap_Assets
Liabilities    
Non-interest bearing 4,235,515us-gaap_NoninterestBearingDepositLiabilities 3,717,271us-gaap_NoninterestBearingDepositLiabilities
Interest bearing:    
Savings, NOW and money market 7,056,133vly_SavingsNowAndMoneyMarket 5,422,722vly_SavingsNowAndMoneyMarket
Time 2,742,468us-gaap_TimeDeposits 2,179,269us-gaap_TimeDeposits
Total deposits 14,034,116us-gaap_Deposits 11,319,262us-gaap_Deposits
Short-term borrowings 146,781us-gaap_ShortTermBorrowings 281,455us-gaap_ShortTermBorrowings
Long-term borrowings 2,526,408us-gaap_LongTermDebt 2,792,306us-gaap_LongTermDebt
Junior subordinated debentures issued to capital trusts 41,252us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust 41,089us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
Bank acceptances outstanding 4,197us-gaap_BankAcceptancesExecutedAndOutstanding 5,032us-gaap_BankAcceptancesExecutedAndOutstanding
Accrued expenses and other liabilities 178,084us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 176,357us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Total Liabilities 16,930,838us-gaap_Liabilities 14,615,501us-gaap_Liabilities
Shareholders’ Equity    
Preferred stock, no par value, authorized 30,000,000 shares; none issued 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, no par value, authorized 332,023,233 shares; issued 232,127,098 shares at December 31, 2014 and 199,629,268 shares at December 31, 2013 81,072us-gaap_CommonStockValue 69,941us-gaap_CommonStockValue
Surplus 1,693,752us-gaap_AdditionalPaidInCapitalCommonStock 1,403,375us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 130,845us-gaap_RetainedEarningsAccumulatedDeficit 106,340us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (42,495)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (38,252)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock, at cost (16,123 common shares at December 31, 2014 and 36,159 common shares at December 31, 2013) (157)us-gaap_TreasuryStockValue (364)us-gaap_TreasuryStockValue
Total Shareholders’ Equity 1,863,017us-gaap_StockholdersEquity 1,541,040us-gaap_StockholdersEquity
Total Liabilities and Shareholders’ Equity $ 18,793,855us-gaap_LiabilitiesAndStockholdersEquity $ 16,156,541us-gaap_LiabilitiesAndStockholdersEquity