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Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets    
Cash and due from banks $ 394,002us-gaap_CashAndDueFromBanks $ 462,569us-gaap_CashAndDueFromBanks
Interest bearing deposits with banks 370,712us-gaap_InterestBearingDepositsInBanks 367,838us-gaap_InterestBearingDepositsInBanks
Investment securities:    
Held to maturity (fair value of $1,868,625 at March 31, 2015 and $1,815,976 at December 31, 2014) 1,825,819us-gaap_HeldToMaturitySecurities 1,778,316us-gaap_HeldToMaturitySecurities
Available for sale 843,518us-gaap_AvailableForSaleSecurities 886,970us-gaap_AvailableForSaleSecurities
Trading securities 0us-gaap_TradingSecurities 14,233us-gaap_TradingSecurities
Total investment securities 2,669,337us-gaap_MarketableSecurities 2,679,519us-gaap_MarketableSecurities
Loans held for sale, at fair value 3,648vly_LoansHeldForSale 24,295vly_LoansHeldForSale
Non-covered loans 13,550,735us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome 13,262,022us-gaap_LoansAndLeasesReceivableNetOfDeferredIncome
Covered loans 183,726us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered 211,891us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered
Less: Allowance for loan losses (102,631)us-gaap_FinancingReceivableAllowanceForCreditLosses (102,353)us-gaap_FinancingReceivableAllowanceForCreditLosses
Net loans 13,631,830us-gaap_LoansAndLeasesReceivableNetReportedAmount 13,371,560us-gaap_LoansAndLeasesReceivableNetReportedAmount
Premises and equipment, net 281,236us-gaap_PropertyPlantAndEquipmentNet 282,997us-gaap_PropertyPlantAndEquipmentNet
Bank owned life insurance 377,404us-gaap_BankOwnedLifeInsurance 375,640us-gaap_BankOwnedLifeInsurance
Accrued interest receivable 56,590us-gaap_AccruedInvestmentIncomeReceivable 57,333us-gaap_AccruedInvestmentIncomeReceivable
Due from customers on acceptances outstanding 2,881us-gaap_DueFromCustomerAcceptances 4,197us-gaap_DueFromCustomerAcceptances
FDIC loss-share receivable 7,608us-gaap_FDICIndemnificationAsset 13,848us-gaap_FDICIndemnificationAsset
Goodwill 577,534us-gaap_Goodwill 575,892us-gaap_Goodwill
Other intangible assets, net 35,024us-gaap_IntangibleAssetsNetExcludingGoodwill 38,775us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 572,204us-gaap_OtherAssets 539,392us-gaap_OtherAssets
Total Assets 18,980,010us-gaap_Assets 18,793,855us-gaap_Assets
Liabilities    
Non-interest bearing 4,329,265us-gaap_NoninterestBearingDepositLiabilities 4,235,515us-gaap_NoninterestBearingDepositLiabilities
Interest bearing:    
Savings, NOW and money market 7,115,243vly_SavingsNowAndMoneyMarket 7,056,133vly_SavingsNowAndMoneyMarket
Time 2,772,235us-gaap_TimeDeposits 2,742,468us-gaap_TimeDeposits
Total deposits 14,216,743us-gaap_Deposits 14,034,116us-gaap_Deposits
Short-term borrowings 133,866us-gaap_ShortTermBorrowings 146,781us-gaap_ShortTermBorrowings
Long-term borrowings 2,529,073us-gaap_LongTermDebt 2,526,408us-gaap_LongTermDebt
Junior subordinated debentures issued to capital trusts 41,292us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust 41,252us-gaap_JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
Bank acceptances outstanding 2,881us-gaap_BankAcceptancesExecutedAndOutstanding 4,197us-gaap_BankAcceptancesExecutedAndOutstanding
Accrued expenses and other liabilities 189,002us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 178,084us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Total Liabilities 17,112,857us-gaap_Liabilities 16,930,838us-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 232,616,426 shares at March 31, 2015 and 232,127,098 shares at December 31, 2014) 81,170us-gaap_CommonStockValue 81,072us-gaap_CommonStockValue
Surplus 1,696,834us-gaap_AdditionalPaidInCapitalCommonStock 1,693,752us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 135,571us-gaap_RetainedEarningsAccumulatedDeficit 130,845us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (44,662)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (42,495)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock, at cost (188,318 common shares at March 31, 2015 and 16,123 common shares at December 31, 2014) (1,760)us-gaap_TreasuryStockValue (157)us-gaap_TreasuryStockValue
Total Shareholders’ Equity 1,867,153us-gaap_StockholdersEquity 1,863,017us-gaap_StockholdersEquity
Total Liabilities and Shareholders’ Equity $ 18,980,010us-gaap_LiabilitiesAndStockholdersEquity $ 18,793,855us-gaap_LiabilitiesAndStockholdersEquity