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Fair Value Measurement of Assets and Liabilities - Schedule of Quantitative Information about Level 3 Inputs Used to Measure Fair Value of Available for Sale Securities (Detail) (Significant Unobservable Inputs (Level 3) [Member], Residential Mortgage-Backed Securities [Member])
3 Months Ended
Mar. 31, 2015
Fair Value Assets Measured On Recurring Basis [Line Items]  
Valuation technique to measure fair value Discounted cash flow
Prepayment rate, Weighted Average of unobservable inputs 11.10%vly_AvailableForSaleSecuritiesLevelThreeFairValueInputsWeightedAveragePrepaymentRate
Default rate, Weighted Average of unobservable inputs 10.10%vly_AvailableForSaleSecuritiesLevelThreeFairValueInputsWeightedAverageDefaultRate
Loss severity, Weighted Average of unobservable inputs 57.10%vly_AvailableForSaleSecuritiesLevelThreeFairValueInputsWeightedAverageLossSeverity
Minimum [Member]
 
Fair Value Assets Measured On Recurring Basis [Line Items]  
Prepayment rate, Range of unobservable inputs 0.00%us-gaap_FairValueInputsPrepaymentRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Default rate, Range of unobservable inputs 3.00%us-gaap_FairValueInputsProbabilityOfDefault
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Loss severity, Range of unobservable inputs 40.00%vly_AvailableForSaleSecuritiesLevelThreeFairValueInputsRangeOfLossSeverity
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Maximum [Member]
 
Fair Value Assets Measured On Recurring Basis [Line Items]  
Prepayment rate, Range of unobservable inputs 18.20%us-gaap_FairValueInputsPrepaymentRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Default rate, Range of unobservable inputs 24.90%us-gaap_FairValueInputsProbabilityOfDefault
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Loss severity, Range of unobservable inputs 62.90%vly_AvailableForSaleSecuritiesLevelThreeFairValueInputsRangeOfLossSeverity
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InformationByCategoryOfDebtSecurityAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember