CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012		Dec. 31, 2011
Assets
Cash and due from banks	$ 412,895		$ 372,566
Interest bearing deposits with banks	192,364		6,483
Investment securities:
Held to maturity, fair value of $1,689,413 at September 30, 2012 and $2,027,197 at December 31, 2011	1,624,575		1,958,916
Available for sale	673,911		566,520
Trading securities	22,104		21,938
Total investment securities	2,320,590		2,547,374
Loans held for sale, at fair value	149,067		25,169
Non-covered loans	10,941,405		9,527,797
Covered loans	207,533		271,844
Less: Allowance for loan losses	(129,247)		(133,802)
Net loans	11,019,691		9,665,839
Premises and equipment, net	276,071		265,475
Bank owned life insurance	338,286		303,867
Accrued interest receivable	55,548		52,527
Due from customers on acceptances outstanding	4,474		5,903
FDIC loss-share receivable	51,938		74,390
Goodwill	420,443	[1]	317,962	[1]
Other intangible assets, net	28,872		20,818
Other assets	500,895		586,134
Total Assets	15,771,134		14,244,507
Liabilities
Non-interest bearing	3,206,283		2,781,597
Interest bearing:
Savings, NOW and money market	4,992,748		4,390,121
Time	2,721,769		2,501,384
Total deposits	10,920,800		9,673,102
Short-term borrowings	288,865		212,849
Long-term borrowings	2,698,403		2,726,099
Junior subordinated debentures issued to capital trusts (includes fair value of $149,708 at September 30, 2012 and $160,478 at December 31, 2011 for VNB Capital Trust I)	190,594		185,598
Bank acceptances outstanding	4,474		5,903
Accrued expenses and other liabilities	154,675		174,708
Total Liabilities	14,257,811		12,978,259
Shareholders' Equity
Preferred stock, no par value, authorized 30,000,000 shares; none issued		[2]		[2]
Common stock, no par value, authorized 232,023,233 shares; issued 197,446,137 shares at September 30, 2012 and 178,717,806 shares at December 31, 2011	69,402	[2]	59,955	[2]
Surplus	1,387,895	[2]	1,179,135	[2]
Retained earnings	100,253	[2]	90,011	[2]
Accumulated other comprehensive loss	(44,063)		(62,441)
Treasury stock, at cost (16,419 common shares at September 30, 2012 and 34,776 common shares at December 31, 2011)	(164)	[2]	(412)	[2]
Total Shareholders' Equity	1,513,323	[2]	1,266,248	[2]
Total Liabilities and Shareholders' Equity	$ 15,771,134	[2]	$ 14,244,507	[2]

[1] Valley's Wealth Management Division is comprised of trust, asset management, and insurance services. This reporting unit is included in the Consumer Lending segment for financial reporting purposes.

[2] Share data reflects the five percent common stock dividend issued on May 25, 2012.