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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Comprehensive Income [Abstract]    
Net income $ 30,341us-gaap_NetIncomeLoss $ 33,835us-gaap_NetIncomeLoss
Other comprehensive income, net of tax:    
Net gains arising during the period 3,936us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 7,216us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Less reclassification adjustment for net (gains) losses included in net income (1,409)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax 5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Total 2,527us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 7,221us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Non-credit impairment losses on available for sale securities    
Net change in non-credit impairment losses on securities (421)vly_OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax 142vly_OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
Less reclassification adjustment for accretion of credit impairment losses included in net income (84)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax (115)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
Total (505)us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease 27us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease
Unrealized gains and losses on derivatives (cash flow hedges)    
Net losses on derivatives arising during the period (5,259)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (3,662)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Less reclassification adjustment for net losses included in net income 951us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 965us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Total (4,308)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (2,697)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Defined benefit pension plan    
Amortization of net loss 119us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax 37us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
Total other comprehensive (loss) income (2,167)us-gaap_OtherComprehensiveIncomeLossNetOfTax 4,588us-gaap_OtherComprehensiveIncomeLossNetOfTax
Total comprehensive income $ 28,174us-gaap_ComprehensiveIncomeNetOfTax $ 38,423us-gaap_ComprehensiveIncomeNetOfTax