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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 30,341us-gaap_NetIncomeLoss $ 33,835us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,078us-gaap_DepreciationAmortizationAndAccretionNet 4,972us-gaap_DepreciationAmortizationAndAccretionNet
Stock-based compensation 2,479us-gaap_ShareBasedCompensation 2,178us-gaap_ShareBasedCompensation
Provision for credit losses 0us-gaap_ProvisionForLoanLeaseAndOtherLosses 3,998us-gaap_ProvisionForLoanLeaseAndOtherLosses
Net amortization of premiums and accretion of discounts on securities and borrowings 8,371vly_AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings 6,715vly_AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
Amortization of other intangible assets 2,393us-gaap_AmortizationOfIntangibleAssets 2,351us-gaap_AmortizationOfIntangibleAssets
(Gains) losses on securities transactions, net (2,416)us-gaap_GainLossOnSaleOfSecuritiesNet 8us-gaap_GainLossOnSaleOfSecuritiesNet
Proceeds from sales of loans held for sale 38,568us-gaap_ProceedsFromSaleOfLoansHeldForSale 32,771us-gaap_ProceedsFromSaleOfLoansHeldForSale
Gains on sales of loans, net (598)us-gaap_GainLossOnSalesOfLoansNet (913)us-gaap_GainLossOnSalesOfLoansNet
Originations of loans held for sale (17,716)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (26,984)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
(Gains) losses on sales of assets, net (281)us-gaap_GainsLossesOnSalesOfAssets 148us-gaap_GainsLossesOnSalesOfAssets
FDIC loss-share receivable (excluding reimbursements) 3,920vly_ChangeInFdicLossShareReceivableExcludingReimbursements 76vly_ChangeInFdicLossShareReceivableExcludingReimbursements
Net change in:    
Trading securities 14,233us-gaap_IncreaseDecreaseInTradingSecurities 9us-gaap_IncreaseDecreaseInTradingSecurities
Cash surrender value of bank owned life insurance (1,764)us-gaap_BankOwnedLifeInsuranceIncome (1,408)us-gaap_BankOwnedLifeInsuranceIncome
Accrued interest receivable 743us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (322)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Other assets (37,584)us-gaap_IncreaseDecreaseInOtherOperatingAssets 15,010us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accrued expenses and other liabilities 8,104us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities (37,242)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 53,871us-gaap_NetCashProvidedByUsedInOperatingActivities 35,202us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Net loan originations (122,279)us-gaap_PaymentsForProceedsFromLoansAndLeases (150,592)us-gaap_PaymentsForProceedsFromLoansAndLeases
Loans purchased (139,935)us-gaap_PaymentsToAcquireLoansHeldForInvestment (19,084)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Investment securities held to maturity:    
Purchases (145,973)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (177,462)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Sales 11,666us-gaap_ProceedsFromSaleOfHeldToMaturitySecurities 0us-gaap_ProceedsFromSaleOfHeldToMaturitySecurities
Maturities, calls and principal repayments 85,798us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 93,818us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Investment securities available for sale:    
Purchases (8,034)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (5,964)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Sales 13,974us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Maturities, calls and principal repayments 38,678us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 50,081us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from sales of real estate property and equipment 4,551us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 5,977us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of real estate property and equipment (3,216)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,673)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Reimbursements from the FDIC 1,954us-gaap_FDICIndemnificationAssetCashPaymentsReceived 1,424us-gaap_FDICIndemnificationAssetCashPaymentsReceived
Net cash used in investing activities (262,816)us-gaap_NetCashProvidedByUsedInInvestingActivities (207,475)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Net change in deposits 182,627us-gaap_IncreaseDecreaseInDeposits (51,277)us-gaap_IncreaseDecreaseInDeposits
Net change in short-term borrowings (12,915)us-gaap_ProceedsFromRepaymentsOfShortTermDebt 255,655us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Cash dividends paid to common shareholders (25,512)us-gaap_PaymentsOfDividendsCommonStock (21,957)us-gaap_PaymentsOfDividendsCommonStock
Common stock (purchased) issued, net (948)us-gaap_ProceedsFromIssuanceOfCommonStock 286us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by financing activities 143,252us-gaap_NetCashProvidedByUsedInFinancingActivities 182,707us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (65,693)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 10,434us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 830,407us-gaap_CashAndCashEquivalentsAtCarryingValue 369,168us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 764,714us-gaap_CashAndCashEquivalentsAtCarryingValue 379,602us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Interest on deposits and borrowings 41,978us-gaap_InterestPaid 42,133us-gaap_InterestPaid
Federal and state income taxes 29,550us-gaap_IncomeTaxesPaid 11,368us-gaap_IncomeTaxesPaid
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 1,944vly_TransferOfLoansHeldForInvestmentToOtherRealEstate 3,508vly_TransferOfLoansHeldForInvestmentToOtherRealEstate
Transfer of loans to loans held for sale $ 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 $ 27,329us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1