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Balance Sheet Offsetting - Summary of Valley's Financial Instruments that are Eligible for Offset (Detail) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Offsetting Liabilities    
Gross Amounts Recognized $ 525,752 $ 428,239
Gross Amounts Offset 0 0
Net Amounts Presented, Liabilities 525,752 428,239
Gross Amounts Not Offset, Financial Instruments (8,942) (8,504)
Gross Amounts Not Offset, Cash Collateral (516,810) (419,735)
Net Amount, Liabilities 0 0
Repurchase agreements    
Offsetting Liabilities    
Gross Amounts Recognized, Liabilities 475,000 395,000
Gross Amounts Offset, Liabilities 0 0
Securities sold under agreements to repurchase 475,000 395,000
Gross Amounts Not Offset, Financial Instruments 0 0
Gross Amounts Not Offset, Cash Collateral [1] (475,000) (395,000)
Net Amount, Liabilities 0 0
Interest rate caps and swaps    
Offsetting Assets    
Gross Amounts Recognized 33,570 20,950
Gross Amounts Offset 0 0
Net Amounts Presented, Assets 33,570 20,950
Gross Amounts Not Offset, Financial Instruments (8,942) (8,504)
Gross Amounts Not Offset, Cash Collateral 0 0
Net Amount, Assets 24,628 12,446
Offsetting Liabilities    
Gross Amounts Recognized 50,752 33,239
Gross Amounts Offset 0 0
Net Amounts Presented, Liabilities 50,752 33,239
Gross Amounts Not Offset, Financial Instruments (8,942) (8,504)
Gross Amounts Not Offset, Cash Collateral (41,810) (24,735)
Net Amount, Liabilities $ 0 $ 0
[1] Represents fair value of non-cash pledged investment securities.