Business Segments (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Schedule of Financial Data for Business Segments

The following tables represent the financial data for Valley’s four business segments for the years ended December 31, 2013, 2012, and 2011:

	Year Ended December 31, 2013
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	3,915,395		$	7,272,573		$	3,054,234		$	—		$	14,242,202
Interest income		157,482			380,369			86,564			(8,318	)		616,097
Interest expense		41,556			77,187			32,416			17,218			168,377
Net interest income (loss)		115,926			303,182			54,148			(25,536	)		447,720
Provision for credit losses		2,094			14,001			—			—			16,095
Net interest income (loss) after provision for credit losses		113,832			289,181			54,148			(25,536	)		431,625
Non-interest income		75,028			(7,219	)		5,962			54,882			128,653
Non-interest expense		77,231			57,096			1,355			245,656			381,338
Internal expense transfer		64,142			118,546			50,011			(232,699	)		—
Income before income taxes	$	47,487		$	106,320		$	8,744		$	16,389		$	178,940
Return on average interest earning assets (pre-tax)		1.21	%		1.46	%		0.29	%		N/A			1.26	%

	Year Ended December 31, 2012
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	3,941,374		$	7,296,895		$	2,871,459		$	—		$	14,109,728
Interest income		174,978			407,288			96,582			(7,655	)		671,193
Interest expense		45,499			84,234			33,148			18,431			181,312
Net interest income (loss)		129,479			323,054			63,434			(26,086	)		489,881
Provision for credit losses		4,969			20,583			—			—			25,552
Net interest income (loss) after provision for credit losses		124,510			302,471			63,434			(26,086	)		464,329
Non-interest income		83,765			(1,701	)		6,817			32,065			120,946
Non-interest expense		69,281			54,963			1,219			249,437			374,900
Internal expense transfer		65,561			120,993			47,749			(234,303	)		—
Income (loss) before income taxes	$	73,433		$	124,814		$	21,283		$	(9,155	)	$	210,375
Return on average interest earning assets (pre-tax)		1.86	%		1.71	%		0.74	%		N/A			1.49	%

	Year Ended December 31, 2011
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets	$	3,394,161		$	6,214,319		$	3,205,756		$	—		$	12,814,436
Interest income		171,939			375,873			132,530			(6,518	)		673,824
Interest expense		47,832			87,574			45,176			18,431			199,013
Net interest income (loss)		124,107			288,299			87,354			(24,949	)		474,811
Provision for credit losses		6,806			46,529			—			—			53,335
Net interest income (loss) after provision for credit losses		117,301			241,770			87,354			(24,949	)		421,476
Non-interest income		45,830			16,965			7,381			42,121			112,297
Non-interest expense		56,884			48,829			1,016			231,827			338,556
Internal expense transfer		55,059			99,851			51,644			(206,554	)		—
Income (loss) before income taxes	$	51,188		$	110,055		$	42,075		$	(8,101	)	$	195,217
Return on average interest earning assets (pre-tax)		1.51	%		1.77	%		1.31	%		N/A			1.52	%