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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 116,172us-gaap_NetIncomeLoss $ 131,961us-gaap_NetIncomeLoss $ 143,627us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,465us-gaap_DepreciationAmortizationAndAccretionNet 19,712us-gaap_DepreciationAmortizationAndAccretionNet 18,477us-gaap_DepreciationAmortizationAndAccretionNet
Stock-based compensation 7,489us-gaap_ShareBasedCompensation 6,055us-gaap_ShareBasedCompensation 4,816us-gaap_ShareBasedCompensation
Provision for credit losses 1,884us-gaap_ProvisionForLoanLeaseAndOtherLosses 16,095us-gaap_ProvisionForLoanLeaseAndOtherLosses 25,552us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net amortization of premiums and accretion of discounts on securities and borrowings 26,949vly_AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings 16,229vly_AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings 21,124vly_AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
Amortization of other intangible assets 9,919us-gaap_AmortizationOfIntangibleAssets 8,258us-gaap_AmortizationOfIntangibleAssets 9,783us-gaap_AmortizationOfIntangibleAssets
Gains on securities transactions, net (745)us-gaap_GainLossOnSaleOfSecuritiesNet (14,678)us-gaap_GainLossOnSaleOfSecuritiesNet (2,587)us-gaap_GainLossOnSaleOfSecuritiesNet
Net impairment losses on securities recognized in earnings 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 5,247us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Proceeds from sales of loans held for sale 85,452us-gaap_ProceedsFromSaleOfLoansHeldForSale 1,083,297us-gaap_ProceedsFromSaleOfLoansHeldForSale 999,380us-gaap_ProceedsFromSaleOfLoansHeldForSale
Gains on sales of loans, net (1,731)us-gaap_GainLossOnSalesOfLoansNet (33,695)us-gaap_GainLossOnSalesOfLoansNet (46,998)us-gaap_GainLossOnSalesOfLoansNet
Originations of loans held for sale (91,463)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (953,125)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (923,182)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
(Gains) losses on sales of assets, net (18,087)us-gaap_GainsLossesOnSalesOfAssets (10,947)us-gaap_GainsLossesOnSalesOfAssets 329us-gaap_GainsLossesOnSalesOfAssets
Net deferred income tax expense 11,455us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 30,329us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 28,398us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
FDIC loss-share receivable (excluding reimbursements) 20,792vly_ChangeInFdicLossShareReceivableExcludingReimbursements 8,427vly_ChangeInFdicLossShareReceivableExcludingReimbursements 7,459vly_ChangeInFdicLossShareReceivableExcludingReimbursements
Net change in:      
Trading securities 31us-gaap_IncreaseDecreaseInTradingSecurities 7,893us-gaap_IncreaseDecreaseInTradingSecurities (219)us-gaap_IncreaseDecreaseInTradingSecurities
Fair value of borrowings carried at fair value 0vly_NetChangeInFairValueOfBorrowingsCarriedAtFairValue (881)vly_NetChangeInFairValueOfBorrowingsCarriedAtFairValue (2,574)vly_NetChangeInFairValueOfBorrowingsCarriedAtFairValue
Cash surrender value of bank owned life insurance (6,392)us-gaap_BankOwnedLifeInsuranceIncome (5,962)us-gaap_BankOwnedLifeInsuranceIncome (6,855)us-gaap_BankOwnedLifeInsuranceIncome
Accrued interest receivable 423us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (1,589)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 5,446us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Other assets 17,231us-gaap_IncreaseDecreaseInOtherOperatingAssets (17,587)us-gaap_IncreaseDecreaseInOtherOperatingAssets 49,345us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accrued expenses and other liabilities (14,868)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities (4,428)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities (13,257)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 183,976us-gaap_NetCashProvidedByUsedInOperatingActivities 285,364us-gaap_NetCashProvidedByUsedInOperatingActivities 323,311us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Net loan originations (649,616)us-gaap_PaymentsForProceedsFromLoansAndLeases (368,724)us-gaap_PaymentsForProceedsFromLoansAndLeases (203,354)us-gaap_PaymentsForProceedsFromLoansAndLeases
Loans purchased (128,684)us-gaap_PaymentsToAcquireLoansHeldForInvestment (231,008)us-gaap_PaymentsToAcquireLoansHeldForInvestment (136,241)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Investment securities held to maturity:      
Purchases (397,186)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (619,299)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (360,614)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Maturities, calls and principal repayments 347,531us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 473,362us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 705,487us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Investment securities available for sale:      
Purchases (28,415)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (289,181)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (455,601)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Sales 62,025us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 57,003us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 257,497us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Maturities, calls and principal repayments 153,673us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 183,006us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 248,721us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Death benefit proceeds from bank owned life insurance 0us-gaap_ProceedsFromLifeInsurancePolicies 1,821us-gaap_ProceedsFromLifeInsurancePolicies 1,689us-gaap_ProceedsFromLifeInsurancePolicies
Proceeds from sales of real estate property and equipment 43,360us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 18,034us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 9,337us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of real estate property and equipment (21,862)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (14,852)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (22,735)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
(Payments to) reimbursements from the FDIC 5,582vly_ReimbursementsFromFdic 3,812vly_ReimbursementsFromFdic 21,935vly_ReimbursementsFromFdic
Cash and cash equivalents acquired in acquisitions 102,025us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 117,587us-gaap_CashAcquiredFromAcquisition
Net cash (used in) provided by investing activities (511,567)us-gaap_NetCashProvidedByUsedInInvestingActivities (786,026)us-gaap_NetCashProvidedByUsedInInvestingActivities 183,708us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Net change in deposits 1,300,011us-gaap_IncreaseDecreaseInDeposits 55,244us-gaap_IncreaseDecreaseInDeposits 210,623us-gaap_IncreaseDecreaseInDeposits
Net change in short-term borrowings (151,470)us-gaap_ProceedsFromRepaymentsOfShortTermDebt 127,132us-gaap_ProceedsFromRepaymentsOfShortTermDebt (87,526)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Issuance of long-term borrowings 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 125,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term borrowings (275,000)us-gaap_RepaymentsOfLongTermDebt (26,133)us-gaap_RepaymentsOfLongTermDebt (28,000)us-gaap_RepaymentsOfLongTermDebt
Redemption of junior subordinated debentures 0us-gaap_MaturitiesOfSubordinatedDebt (142,313)us-gaap_MaturitiesOfSubordinatedDebt (10,000)us-gaap_MaturitiesOfSubordinatedDebt
Cash dividends paid to common shareholders (88,119)us-gaap_PaymentsOfDividendsCommonStock (129,271)us-gaap_PaymentsOfDividendsCommonStock (125,870)us-gaap_PaymentsOfDividendsCommonStock
Common stock issued, net 3,408us-gaap_ProceedsFromIssuanceOfCommonStock 7,071us-gaap_ProceedsFromIssuanceOfCommonStock 7,805us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by (used in) financing activities 788,830us-gaap_NetCashProvidedByUsedInFinancingActivities 16,730us-gaap_NetCashProvidedByUsedInFinancingActivities (32,968)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents 461,239us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (483,932)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 474,051us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 369,168us-gaap_CashAndCashEquivalentsAtCarryingValue 853,100us-gaap_CashAndCashEquivalentsAtCarryingValue 379,049us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 830,407us-gaap_CashAndCashEquivalentsAtCarryingValue 369,168us-gaap_CashAndCashEquivalentsAtCarryingValue 853,100us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:      
Interest on deposits and borrowings 162,762us-gaap_InterestPaid 167,860us-gaap_InterestPaid 183,120us-gaap_InterestPaid
Federal and state income taxes 34,236us-gaap_IncomeTaxesPaid 15,317us-gaap_IncomeTaxesPaid 50,111us-gaap_IncomeTaxesPaid
Supplemental schedule of non-cash investing activities:      
Transfer of loans to other real estate owned 11,012vly_TransferOfLoansHeldForInvestmentToOtherRealEstate 19,679vly_TransferOfLoansHeldForInvestmentToOtherRealEstate 14,365vly_TransferOfLoansHeldForInvestmentToOtherRealEstate
Loans transferred to loans held for sale 27,329us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 124,261us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Non-cash assets acquired:      
Loans 1,160,852vly_LoansNonCashCf 0vly_LoansNonCashCf 1,088,421vly_LoansNonCashCf
Premises and equipment, net 11,234us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 9,457us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
Bank owned life insurance 25,224vly_NoncashorPartNoncashAcquisitionBankOwnedLifeInsurance 0vly_NoncashorPartNoncashAcquisitionBankOwnedLifeInsurance 0vly_NoncashorPartNoncashAcquisitionBankOwnedLifeInsurance
Accrued interest receivable 3,792vly_NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed 0vly_NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed 5,294vly_NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed
FDIC loss-share receivable 7,465vly_NoncashorPartNoncashAcquisitionFDICLossShareReceivable 0vly_NoncashorPartNoncashAcquisitionFDICLossShareReceivable 0vly_NoncashorPartNoncashAcquisitionFDICLossShareReceivable
Goodwill 147,658vly_NoncashOrPartNoncashAcquisitionGoodwillAcquired 0vly_NoncashOrPartNoncashAcquisitionGoodwillAcquired 109,758vly_NoncashOrPartNoncashAcquisitionGoodwillAcquired
Other intangible assets, net 11,500us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 8,050us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
Other assets 42,876us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 72,137us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
Total non-cash assets acquired 1,634,605us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 1,568,767us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
Liabilities assumed:      
Deposits 1,414,843vly_NoncashOrPartNoncashAcquisitionDepositsAssumed 0vly_NoncashOrPartNoncashAcquisitionDepositsAssumed 1,380,293vly_NoncashOrPartNoncashAcquisitionDepositsAssumed
Short-term borrowings 16,796vly_NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed 0vly_NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed 29,000vly_NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed
Junior subordinated debentures issued to capital trusts 0vly_NoncashOrPartNoncashAcquisitionsJuniorSubordinatedDebenturesIssuedToCapitalTrusts 0vly_NoncashOrPartNoncashAcquisitionsJuniorSubordinatedDebenturesIssuedToCapitalTrusts 15,645vly_NoncashOrPartNoncashAcquisitionsJuniorSubordinatedDebenturesIssuedToCapitalTrusts
Accrued expenses and other liabilities 13,768us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 0us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 52,998us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
Total liabilities assumed 1,445,407us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 0us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 1,477,936us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
Net non-cash assets acquired 189,198us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 0us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 90,831us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
Net cash and cash equivalents acquired in acquisition 102,025us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 117,587us-gaap_CashAcquiredFromAcquisition
Common stock issued in acquisition 291,223us-gaap_StockIssued1 0us-gaap_StockIssued1 208,418us-gaap_StockIssued1
Held-to-maturity Securities [Member]      
Non-cash assets acquired:      
Investments securities held to maturity 7,930us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_HeldtomaturitySecuritiesMember
0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_HeldtomaturitySecuritiesMember
0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_HeldtomaturitySecuritiesMember
Available for sale securities [Member]      
Non-cash assets acquired:      
Investments securities held to maturity $ 216,074us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_AvailableforsaleSecuritiesMember
$ 0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_AvailableforsaleSecuritiesMember
$ 275,650us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_AvailableforsaleSecuritiesMember