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Balance Sheet Offsetting - Summary of Valley's Financial Instruments that are Eligible for Offset (Detail) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Offsetting Liabilities    
Gross Amounts Recognized $ 393,733 $ 172,907
Gross Amounts Offset 0 0
Net Amounts Presented 393,733 172,907
Gross Amounts Not Offset, Financial Instruments (118) (1,214)
Gross Amounts Not Offset, Cash Collateral (366,881) (151,852)
Net Amount 26,734 19,841
Repurchase agreements    
Offsetting Liabilities    
Gross Amounts Recognized 350,000 150,000
Gross Amounts Offset 0 0
Total long-term securities sold under agreements to repurchase 350,000 150,000
Gross Amounts Not Offset, Financial Instruments 0 0
Gross Amounts Not Offset, Cash Collateral (350,000) (150,000)
Net Amount 0 0
Interest rate swaps    
Offsetting Assets    
Gross Amounts Recognized 158,382 48,642
Gross Amounts Offset 0 0
Net Amounts Presented 158,382 48,642
Gross Amounts Not Offset, Financial Instruments (118) (1,214)
Gross Amounts Not Offset, Cash Collateral 0 0
Net Amount 158,264 47,428
Offsetting Liabilities    
Gross Amounts Recognized 43,733 22,907
Gross Amounts Offset 0 0
Net Amounts Presented 43,733 22,907
Gross Amounts Not Offset, Financial Instruments (118) (1,214)
Gross Amounts Not Offset, Cash Collateral (16,881) (1,852)
Net Amount $ 26,734 $ 19,841