Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Schedule of Financial Data for Business Segments

The following tables represent the financial data for Valley’s four business segments for the years ended December 31, 2014, 2013, and 2012:

	Year Ended December 31, 2014
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	4,122,468		$	7,959,215		$	2,959,100		$	—		$	15,040,783
Interest income	$	154,078		$	399,192		$	91,689		$	(8,356	)	$	636,603
Interest expense	41,343			79,820			29,676			11,007			161,846
Net interest income (loss)	112,735			319,372			62,013			(19,363		)	474,757
Provision for credit losses	438			1,446			—			—			1,884
Net interest income (loss) after provision for credit losses	112,297			317,926			62,013			(19,363		)	472,873
Non-interest income	40,611			(19,624		)	6,392			50,237			77,616
Non-interest expense	59,051			58,142			1,369			284,693			403,255
Internal expense transfer	65,477			126,465			47,060			(239,002		)	—
Income (loss) before income taxes	$	28,380		$	113,695		$	19,976		$	(14,817	)	$	147,234
Return on average interest earning assets (pre-tax)	0.69		%	1.43		%	0.68		%	N/A			0.98		%

	Year Ended December 31, 2013
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	3,915,395		$	7,272,573		$	3,054,234		$	—		$	14,242,202
Interest income	$	157,482		$	380,369		$	86,564		$	(8,318	)	$	616,097
Interest expense	41,556			77,187			32,416			17,218			168,377
Net interest income (loss)	115,926			303,182			54,148			(25,536		)	447,720
Provision for credit losses	2,094			14,001			—			—			16,095
Net interest income (loss) after provision for credit losses	113,832			289,181			54,148			(25,536		)	431,625
Non-interest income	75,028			(7,219		)	5,962			54,882			128,653
Non-interest expense	77,231			57,096			1,355			245,656			381,338
Internal expense transfer	64,142			118,546			50,011			(232,699		)	—
Income before income taxes	$	47,487		$	106,320		$	8,744		$	16,389		$	178,940
Return on average interest earning assets (pre-tax)	1.21		%	1.46		%	0.29		%	N/A			1.26		%

	Year Ended December 31, 2012
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	3,941,374		$	7,296,895		$	2,871,459		$	—		$	14,109,728
Interest income	$	174,978		$	407,288		$	96,582		$	(7,655	)	$	671,193
Interest expense	45,499			84,234			33,148			18,431			181,312
Net interest income (loss)	129,479			323,054			63,434			(26,086		)	489,881
Provision for credit losses	4,969			20,583			—			—			25,552
Net interest income (loss) after provision for credit losses	124,510			302,471			63,434			(26,086		)	464,329
Non-interest income	83,765			(1,701		)	6,817			32,065			120,946
Non-interest expense	69,281			54,963			1,219			249,437			374,900
Internal expense transfer	65,561			120,993			47,749			(234,303		)	—
Income (loss) before income taxes	$	73,433		$	124,814		$	21,283		$	(9,155	)	$	210,375
Return on average interest earning assets (pre-tax)	1.86		%	1.71		%	0.74		%	N/A			1.49		%