Regulatory and Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2021

Financial Services, Banking and Thrift [Abstract]

Schedule of Actual Capital Positions and Ratios under Banking Regulations

The following table presents Valley’s and Valley National Bank’s actual capital positions and ratios under the Basel III risk-based capital guidelines at December 31, 2021 and 2020:

	Actual				Minimum Capital Requirements				To Be Well Capitalized Under Prompt Corrective Action Provision
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	($ in thousands)
As of December 31, 2021
Total Risk-based Capital
Valley	$	4,454,485	13.10	%	$	3,569,144	10.50	%	N/A		N/A
Valley National Bank	4,571,448		13.45		3,567,618		10.50		$	3,397,732	10.00	%
Common Equity Tier 1 Capital
Valley	3,417,930		10.06		2,379,429		7.00		N/A		N/A
Valley National Bank	4,308,734		12.68		2,378,412		7.00		2,208,526		6.50
Tier 1 Risk-based Capital
Valley	3,632,771		10.69		2,889,307		8.50		N/A		N/A
Valley National Bank	4,308,734		12.68		2,888,072		8.50		2,718,185		8.00
Tier 1 Leverage Capital
Valley	3,632,771		8.88		1,635,508		4.00		N/A		N/A
Valley National Bank	4,308,734		10.53		1,636,097		4.00		2,045,121		5.00
As of December 31, 2020
Total Risk-based Capital
Valley	$	3,802,223	12.64	%	$	3,159,019	10.50	%	N/A		N/A
Valley National Bank	3,839,922		12.76		3,158,842		10.50		$	3,008,421	10.00	%
Common Equity Tier 1 Capital
Valley	2,991,085		9.94		2,106,013		7.00		N/A		N/A
Valley National Bank	3,607,625		11.99		2,105,894		7.00		1,955,473		6.50
Tier 1 Risk-based Capital
Valley	3,205,926		10.66		2,557,301		8.50		N/A		N/A
Valley National Bank	3,607,625		11.99		2,557,158		8.50		2,406,736		8.00
Tier 1 Leverage Capital
Valley	3,205,926		8.06		1,591,852		4.00		N/A		N/A
Valley National Bank	3,607,625		9.07		1,591,457		4.00		1,989,321		5.00