Guarantees	6 Months Ended
Jun. 30, 2013
Guarantees [Abstract]
Guarantees	Note 12. Guarantees Guarantees that have been entered into by Valley include standby letters of credit of $230.6 million as of June 30, 2013. Standby letters of credit represent the guarantee by Valley of the obligations or performance of a customer in the event the customer is unable to meet or perform its obligations to a third party. Of the total standby letters of credit, $147.3 million, or 63.9 percent are secured and, in the event of non-performance by the customer, Valley has rights to the underlying collateral, which includes commercial real estate, business assets (physical plant or property, inventory or receivables), marketable securities and cash in the form of bank savings accounts and certificates of deposit. As of June 30, 2013, Valley had an $846 thousand liability related to the standby letters of credit.

Guarantees

6 Months Ended

Jun. 30, 2013

Note 12. Guarantees

Guarantees that have been entered into by Valley include standby letters of credit of $230.6 million as of June 30, 2013. Standby letters of credit represent the guarantee by Valley of the obligations or performance of a customer in the event the customer is unable to meet or perform its obligations to a third party. Of the total standby letters of credit, $147.3 million, or 63.9 percent are secured and, in the event of non-performance by the customer, Valley has rights to the underlying collateral, which includes commercial real estate, business assets (physical plant or property, inventory or receivables), marketable securities and cash in the form of bank savings accounts and certificates of deposit. As of June 30, 2013, Valley had an $846 thousand liability related to the standby letters of credit.