XML 158 R69.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans - Additional Information (Detail) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Jun. 30, 2013
Dec. 31, 2014
Contract
Dec. 31, 2013
Contract
Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Non-covered loans net of unearned discount and deferred loan fees     $ 9,000,000vly_NonCoveredLoansNetOfUnearnedDiscountAndDeferredLoanFees $ 5,600,000vly_NonCoveredLoansNetOfUnearnedDiscountAndDeferredLoanFees  
Non-covered loans     13,262,022,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome 11,471,447,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome  
Nonperforming loans 35,600,000vly_TransferofNonperformingLoansHeldForSale        
Loan charge-offs 8,300,000us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs        
Sales of loans     0vly_SalesOfLoansHeldForInvestment 0vly_SalesOfLoansHeldForInvestment  
Non-interest income, increase (decrease)     (20,800,000)vly_AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable (8,400,000)vly_AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable (7,500,000)vly_AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
Average expected life of the non-covered PCI loans   2 years 2 months 12 days      
Previous average expected life of the non-covered PCI loans   4 years      
Other Adjustments To Fdic Loss Share Receivable     (3,086,000)vly_OtherAdjustmentsToFdicLossShareReceivable 0vly_OtherAdjustmentsToFdicLossShareReceivable  
Combined loan-to-value ratio home equity loan     75.00%vly_CombinedLoanToValueRatioHomeEquityLoans    
Accrued interest on non-accrual loans     2,200,000vly_FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod 4,800,000vly_FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod 7,200,000vly_FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod
Interest income recognized and classified as non-accrual     735,000vly_ImpairedFinancingReceivableInterestIncomeCashBasisMethodClassifiedAsNonAccrual 1,300,000vly_ImpairedFinancingReceivableInterestIncomeCashBasisMethodClassifiedAsNonAccrual 590,000vly_ImpairedFinancingReceivableInterestIncomeCashBasisMethodClassifiedAsNonAccrual
TDRs not reported as non-accrual loans     97,700,000vly_TroubledDebtRestructuringsNotReportedAsNonAccrualLoans 107,000,000vly_TroubledDebtRestructuringsNotReportedAsNonAccrualLoans  
Non-performing TDRs     19,400,000vly_NonPerformingTroubledDebtRestructuringLoans 48,400,000vly_NonPerformingTroubledDebtRestructuringLoans  
Specific reserves for loan losses     3,600,000vly_SpecificReservesForLoanLosses 7,900,000vly_SpecificReservesForLoanLosses  
Number of loans modified     42us-gaap_FinancingReceivableModificationsNumberOfContracts2 82us-gaap_FinancingReceivableModificationsNumberOfContracts2  
Number of days loans placed on non-accrual status     90 days    
Commercial and industrial [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Troubled debt restructuring, charge-offs     861,000us-gaap_FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
/ us-gaap_FinancialInstrumentAxis
= vly_CommercialAndIndustrialMember
1,100,000us-gaap_FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
/ us-gaap_FinancialInstrumentAxis
= vly_CommercialAndIndustrialMember
 
Commercial loans [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Number of loans modified       2us-gaap_FinancingReceivableModificationsNumberOfContracts2
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
 
Troubled debt restructuring, charge-offs     0us-gaap_FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
6,100,000us-gaap_FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
 
Number of borrowers whose loans were modified       1vly_NumberOfBorrowers
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
 
PCI Loans [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Non-covered loans     1,600,000,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_PurchasedCreditImpairedLoansMember
796,100,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_PurchasedCreditImpairedLoansMember
 
Outstanding contractual principal balances     253,700,000us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_PurchasedCreditImpairedLoansMember
227,200,000us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_PurchasedCreditImpairedLoansMember
 
Commercial and Industrial [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Unsecured loans     345,100,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_CommercialPortfolioSegmentMember
314,600,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_CommercialPortfolioSegmentMember
 
Commercial and Industrial [Member] | Commercial real estate [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Impaired loans     250,000vly_ImpairedLoansThreshold
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialRealEstateOtherReceivableMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_CommercialPortfolioSegmentMember
   
Consumer loans [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Non-covered loans     1,946,896,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_ConsumerLoanMember
1,565,492,000us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_ConsumerLoanMember
 
Unsecured loans     31,400,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_ConsumerLoanMember
21,400,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_ConsumerLoanMember
 
Credit Card [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Unsecured loans     7,600,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_CreditCardReceivablesMember
8,300,000vly_UnsecuredLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_CreditCardReceivablesMember
 
Covered by FDIC Loss Share [Member]          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Non-interest income, increase (decrease)     $ 60,100,000vly_AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_CoveredByFdicLossShareMember
$ 120,900,000vly_AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= vly_CoveredByFdicLossShareMember