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Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Derivative [Line Items]      
Derivative instruments not designated as hedging instruments, liability $ 25,000,000us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue    
Aggregate fair value of net liability position 13,300,000us-gaap_DerivativeNetLiabilityPositionAggregateFairValue    
Collateral posted with counterparties 40,700,000us-gaap_CollateralAlreadyPostedAggregateFairValue    
Interest Rate Swaps [Member]      
Derivative [Line Items]      
Accumulated net after-tax losses related to effective cash flow hedges 18,800,000us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
  14,500,000us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
Estimated amount of interest rate derivatives to be reclassified to interest expense 8,400,000us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember
   
Recognized a net reduction to interest expense   $ 100,000vly_RecognizedNetReductionToInterestExpense
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_InterestRateSwapMember