$VLY
VALLEY NATIONAL BANCORP

2012 Form 10-K Financial Statement

#000119312513084204 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 2011 Q4 2011 Q3
Revenue $671.2M $166.6M $171.6M
YoY Change -0.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.50M $6.500M $7.300M
YoY Change 12.8% 27.45% 14.06%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $181.3M $48.26M $49.70M
YoY Change -8.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $210.4M $31.85M $48.56M
YoY Change 7.76% -40.46% 3.76%
Income Tax $66.75M $7.321M $13.49M
% Of Pretax Income 31.73% 22.98% 27.78%
Net Earnings $143.6M $24.53M $35.07M
YoY Change 8.39% -35.78% 7.58%
Net Earnings / Revenue 21.4% 14.73% 20.43%
Basic Earnings Per Share $0.73 $0.14 $0.20
Diluted Earnings Per Share $0.73 $0.14 $0.20
COMMON SHARES
Basic Shares Outstanding 197.4M shares 178.7M shares 178.5M shares
Diluted Shares Outstanding 197.4M shares 178.7M shares 178.5M shares

Balance Sheet

Concept 2012 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.926B
YoY Change
Cash & Equivalents $379.0M $395.2M
Short-Term Investments $2.547B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $211.0M $265.5M $265.0M
YoY Change 1.44% -0.2% -0.38%
Goodwill $318.0M $318.0M
YoY Change 0.02%
Intangibles $20.82M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $16.01B $14.25B $14.23B
YoY Change 12.35% 0.77% 1.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $203.0M $194.0M $163.0M
YoY Change 4.64% 16.87% 21.64%
Deferred Revenue
YoY Change
Short-Term Debt $742.0M $212.8M $223.0M
YoY Change -7.25% 10.86% -32.63%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $203.0M $194.0M $163.0M
YoY Change 4.64% 16.87% 21.64%
LONG-TERM LIABILITIES
Long-Term Debt $290.0M $2.912B $2.912B
YoY Change 0.69% -6.7% -5.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $290.0M $2.912B $2.912B
YoY Change 0.69% -6.7% -5.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.0M $194.0M $163.0M
Total Long-Term Liabilities $290.0M $2.912B $2.912B
Total Liabilities $14.51B $13.00B $12.92B
YoY Change 11.63% 1.16% 0.89%
SHAREHOLDERS EQUITY
Retained Earnings $78.60M $96.10M
YoY Change -1.51%
Common Stock $1.239B $1.238B
YoY Change 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $412.0K $2.817M
YoY Change -97.11%
Treasury Stock Shares 34.78K shares
Shareholders Equity $1.502B $1.255B $1.307B
YoY Change
Total Liabilities & Shareholders Equity $16.01B $14.25B $14.23B
YoY Change 12.35% 0.77% 1.02%

Cashflow Statement

Concept 2012 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $143.6M $24.53M $35.07M
YoY Change 8.39% -35.78% 7.58%
Depreciation, Depletion And Amortization $18.50M $6.500M $7.300M
YoY Change 12.8% 27.45% 14.06%
Cash From Operating Activities $323.3M $11.20M $54.00M
YoY Change 68.97% -91.75% -435.4%
INVESTING ACTIVITIES
Capital Expenditures $22.74M -$4.500M -$4.400M
YoY Change 38.61% 18.42% -22.81%
Acquisitions $117.6M
YoY Change
Other Investing Activities $206.4M -$37.30M -$119.3M
YoY Change -217.01% 677.08% 452.31%
Cash From Investing Activities $183.7M -$41.80M -$123.7M
YoY Change -195.26% 386.05% 354.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.805M
YoY Change -2.77%
Debt Paid & Issued, Net $28.00M
YoY Change -86.47%
Cash From Financing Activities -$32.97M 14.40M -61.70M
YoY Change -331.08% -166.36% 47.61%
NET CHANGE
Cash From Operating Activities $323.3M 11.20M 54.00M
Cash From Investing Activities $183.7M -41.80M -123.7M
Cash From Financing Activities -$32.97M 14.40M -61.70M
Net Change In Cash $474.1M -16.20M -131.4M
YoY Change 3614.26% -115.37% 54.41%
FREE CASH FLOW
Cash From Operating Activities $323.3M $11.20M $54.00M
Capital Expenditures $22.74M -$4.500M -$4.400M
Free Cash Flow $300.6M $15.70M $58.40M
YoY Change 71.82% -88.75% -661.54%

Facts In Submission

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CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2011Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
11.30
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
265475000
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1373513000
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
38050000
CY2011Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.040 pure
CY2011Q4 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
92920000
CY2011Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
124264000
CY2011Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
372566000
CY2011Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2011Q4 us-gaap Certain Loans Acquired In Transfer Nonaccretable Difference
CertainLoansAcquiredInTransferNonaccretableDifference
77058000
CY2011Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
1113422000
CY2011Q4 us-gaap Business Acquisition Purchase Price Allocation Liabilities Assumed
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed
1477936000
CY2011Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAggregateLosses
24639000
CY2011Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
9527797000
CY2011Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
133802000
CY2011Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
95746000
CY2011Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
12731000
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
212849000
CY2011Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.080 pure
CY2011Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
303867000
CY2011Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
208243000
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
222929000
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-10164000
CY2011Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0025 pure
CY2011Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
12900000
CY2011Q4 us-gaap Foreclosed Assets
ForeclosedAssets
22400000
CY2011Q4 us-gaap Interest Receivable
InterestReceivable
309000
CY2011Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
97569000
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1179135000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1254836000
CY2011Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
38185000
CY2011Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
43 Security
CY2011Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
29070000
CY2011Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
63222000
CY2011Q4 us-gaap Loans And Leases Receivable Net Reported Amount Covered
LoansAndLeasesReceivableNetReportedAmountCovered
271844000
CY2011Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
1087000
CY2011Q4 vly Allowance For Covered Loans
AllowanceForCoveredLoans
13528000
CY2011Q4 vly Allowance For Credit Losses
AllowanceForCreditLosses
136185000
CY2011Q4 vly Allowance For Non Covered Loans
AllowanceForNonCoveredLoans
120274000
CY2011Q4 vly Allowance For Unfunded Letters Of Credit
AllowanceForUnfundedLettersOfCredit
2383000
CY2011Q4 vly Average Interest Earning Assets
AverageInterestEarningAssets
12814236000
CY2011Q4 vly Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Interest Component Of Cash Flows Expected To Be Collected At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodInterestComponentOfCashFlowsExpectedToBeCollectedAtAcquisition
168207000
CY2011Q4 vly Collateral Dependent Impaired Loans Carrying Value
CollateralDependentImpairedLoansCarryingValue
74300000
CY2011Q4 vly Deferred Tax Liabilities Purchase Accounting
DeferredTaxLiabilitiesPurchaseAccounting
8727000
CY2011Q4 vly Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
FinancingReceivableRecordedInvestmentThirtyToEightyNineDaysPastDue
37585000
CY2011Q4 vly Foreclosed Assets Acquired In Fdic Assisted Transactions
ForeclosedAssetsAcquiredInFdicAssistedTransactions
6400000
CY2011Q4 vly Foreclosed Assets Measured At Fair Value
ForeclosedAssetsMeasuredAtFairValue
15900000
CY2011Q4 vly Impaired Loans Reported Net Carrying Value
ImpairedLoansReportedNetCarryingValue
66900000
CY2011Q4 vly Impaired Loans Specific Valuation Allowance Allocation
ImpairedLoansSpecificValuationAllowanceAllocation
7400000
CY2011Q4 vly Junior Subordinated Debentures Issued To Capital Trusts Fair Value
JuniorSubordinatedDebenturesIssuedToCapitalTrustsFairValue
160478000
CY2011Q4 vly Loans Held For Sale At Fair Value
LoansHeldForSaleAtFairValue
25169000
CY2011Q4 vly Non Covered Loans Net Of Unearned Discount And Deferred Loan Fees
NonCoveredLoansNetOfUnearnedDiscountAndDeferredLoanFees
7500000
CY2011Q4 vly Non Performing Troubled Debt Restructuring Loans
NonPerformingTroubledDebtRestructuringLoans
15500000
CY2011Q4 vly Other Than Temporary Impairment Charges Attributable To Credit Trust Preferred Securities
OtherThanTemporaryImpairmentChargesAttributableToCreditTrustPreferredSecurities
18300000
CY2011Q4 vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0152 pure
CY2011Q4 vly Savings Now And Money Market
SavingsNowAndMoneyMarket
4390121000
CY2011Q4 vly Servicing Asset Valuation Allowance
ServicingAssetValuationAllowance
2670000
CY2011Q4 vly Short Term Loan To Acquiree
ShortTermLoanToAcquiree
37000000
CY2011Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
TroubledDebtRestructuringsNotReportedAsNonAccrualLoans
101000000
CY2011Q4 vly Transfers From Held To Maturity To Available For Sale Trust Preferred Securities
TransfersFromHeldToMaturityToAvailableForSaleTrustPreferredSecurities
18300000
CY2011Q4 vly Value Fixed Rate Cumulative Preferred Stock
ValueFixedRateCumulativePreferredStock
36800000
CY2011Q4 vly Financing Receivable Recorded Investment Current Non Pci Loans
FinancingReceivableRecordedInvestmentCurrentNonPCILoans
9361932000
CY2011Q4 vly Deferred Tax Assets Investment Securities Including Other Than Temporary Impairment Losses
DeferredTaxAssetsInvestmentSecuritiesIncludingOtherThanTemporaryImpairmentLosses
35569000
CY2011Q4 vly Non Covered And Covered Loans Gross
NonCoveredAndCoveredLoansGross
9799641000
CY2011Q4 vly Past Due Non Accrual And Current Non Pci Loans
PastDueNonAccrualAndCurrentNonPciLoans
9527797000
CY2011Q4 vly Deferred Tax Assets Purchase Accounting
DeferredTaxAssetsPurchaseAccounting
CY2011Q4 vly Deferred Tax Asset Accrued Interest
DeferredTaxAssetAccruedInterest
9050000
CY2011Q4 vly Deferred Tax Liabilities Other Investments
DeferredTaxLiabilitiesOtherInvestments
6614000
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
194300000
CY2012Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
913402000
CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Within Two Years
FutureMinimumSubleaseRentalsSaleLeasebackTransactionsWithinTwoYears
1725000
CY2012Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
206734000
CY2012Q4 us-gaap Other Assets
OtherAssets
538495000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
6493000
CY2012Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
463022000
CY2012Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.10 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2756007 shares
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
5581000
CY2012Q4 us-gaap Held To Maturity Securities Unrecognized Holding Loss
HeldToMaturitySecuritiesUnrecognizedHoldingLoss
15330000
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
97354000
CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
14570000
CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses2
19479000
CY2012Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
175004000
CY2012Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
613471000
CY2012Q4 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
34 pure
CY2012Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
487101000
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
61004 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
232023233 shares
CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
124360000
CY2012Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
200662000
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
6140000
CY2012Q4 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
3323000
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32147000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
266844000
CY2012Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
807816000
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
31052000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7400000 shares
CY2012Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
43810000
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2012Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
0
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
155028000
CY2012Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
-15886000
CY2012Q4 us-gaap Cash Reserve Deposit Required And Made
CashReserveDepositRequiredAndMade
39300000
CY2012Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
19479000
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
104449000
CY2012Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
138331000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
277363000
CY2012Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
1657950000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-50909000
CY2012Q4 us-gaap Marketable Securities
MarketableSecurities
2429680000
CY2012Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
3558053000
CY2012Q4 us-gaap Trading Securities
TradingSecurities
22157000
CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount Covered
LoansAndLeasesReceivableGrossCarryingAmountCovered
180674000
CY2012Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1599707000
CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Within One Year
FutureMinimumSubleaseRentalsSaleLeasebackTransactionsWithinOneYear
1850000
CY2012Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
245245000
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
40421000
CY2012Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-19707000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
93495000
CY2012Q4 us-gaap Assets
Assets
16012646000
CY2012Q4 us-gaap Deposits
Deposits
11264018000
CY2012Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
62700000
CY2012Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
13821000
CY2012Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
31013000
CY2012Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.109 pure
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
63882000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
853100000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
813647000
CY2012Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
52375000
CY2012Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Interest Rate Range To
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresInterestRateRangeTo
0.0409 pure
CY2012Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
1200000000
CY2012Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.124 pure
CY2012Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
190159000
CY2012Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
3323000
CY2012Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
1241316000
CY2012Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.081 pure
CY2012Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
456701000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
20115000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17
CY2012Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
158564000
CY2012Q4 us-gaap Fdic Indemnification Asset
FDICIndemnificationAsset
44996000
CY2012Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
25900000
CY2012Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
26200000
CY2012Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
8665000
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
143689000
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
6246000
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
202784000
CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2
15361000
CY2012Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
4972000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2504610 shares
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
518349000
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
171239000
CY2012Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
10892599000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
11775000
CY2012Q4 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
115400000
CY2012Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0275 pure
CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Within Three Years
FutureMinimumSubleaseRentalsSaleLeasebackTransactionsWithinThreeYears
1657000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
838116000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16012646000
CY2012Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0487 pure
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
198499275 shares
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
161531000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
62053000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
69494000
CY2012Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
141889000
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70280000
CY2012Q4 us-gaap Pledged Assets Separately Reported Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue
1200000000
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
211660000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
1599707000
CY2012Q4 us-gaap Goodwill
Goodwill
428234000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2435051 shares
CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Within Five Years
FutureMinimumSubleaseRentalsSaleLeasebackTransactionsWithinFiveYears
1519000
CY2012Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
813474000
CY2012Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.040 pure
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2860081 shares
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
20957000
CY2012Q4 us-gaap Liabilities
Liabilities
14510269000
CY2012Q4 us-gaap Capital
Capital
1413901000
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
851000
CY2012Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05 pure
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
4400000
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
2697299000
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
3700000
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
31123000
CY2012Q4 us-gaap Cash
Cash
4732000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
5075000
CY2012Q4 us-gaap Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2
4118000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
53407000
CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
438525000
CY2012Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
239964000
CY2012Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Percent Domestic Equity Securities
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerSharePercentDomesticEquitySecurities
1.00 pure
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
21252000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
23416000
CY2012Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
169309000
CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
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CY2012Q4 us-gaap Servicing Asset At Amortized Value Fair Value
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CY2012Q4 us-gaap Preferred Stock Value
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CY2012Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
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CY2012Q4 us-gaap Property Plant And Equipment Net
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CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2012Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
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CY2012Q4 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
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CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2012Q4 us-gaap Time Deposit Maturities After Year Five
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CY2012Q4 us-gaap Cash And Due From Banks
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CY2012Q4 us-gaap Preferred Stock No Par Value
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CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2012Q4 us-gaap Tier One Risk Based Capital
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CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Aggregate Losses
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CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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CY2012Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2012Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2012Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
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CY2012Q4 us-gaap Time Deposit Maturities Year One
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CY2012Q4 us-gaap Short Term Borrowings
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CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
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CY2012Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2012Q4 us-gaap Bank Owned Life Insurance
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CY2012Q4 us-gaap Available For Sale Securities Debt Securities
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CY2012Q4 us-gaap Held To Maturity Securities Debt Maturities Fair Value
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CY2012Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
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CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions
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CY2012Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Interest Rate Range From
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresInterestRateRangeFrom
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CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2012Q4 us-gaap Notional Amount Of Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Within Four Years
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CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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CY2012Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2012Q4 us-gaap Servicing Asset At Amortized Value
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CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
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CY2012Q4 us-gaap Interest Receivable
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CY2012Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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CY2012Q4 us-gaap Additional Paid In Capital Common Stock
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CY2012Q4 us-gaap Held To Maturity Securities Pledged As Collateral
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CY2012Q4 us-gaap Stockholders Equity
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CY2012Q4 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions Thereafter
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CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
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CY2012Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2012Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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CY2012Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
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CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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CY2012Q4 us-gaap Operating Loss Carryforwards
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2012Q4 us-gaap Loans And Leases Receivable Net Reported Amount Covered
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2012Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
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CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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CY2012Q4 vly Federal Home Loan Bank Advances Long Term Callable
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CY2012Q4 vly Allowance For Covered Loans
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CY2012Q4 vly Allowance For Credit Losses
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CY2012Q4 vly Allowance For Unfunded Letters Of Credit
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CY2012Q4 vly Average Interest Earning Assets
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CY2012Q4 vly Collateral Dependent Impaired Loans Carrying Value
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CY2012Q4 vly Combined Loan To Value Ratio Home Equity Loans
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CY2012Q4 vly Deferred Tax Liabilities Purchase Accounting
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CY2012Q4 vly Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
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CY2012Q4 vly Foreclosed Assets Acquired In Fdic Assisted Transactions
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CY2012Q4 vly Foreclosed Assets Measured At Fair Value
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CY2012Q4 vly Impaired Loans Reported Net Carrying Value
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CY2012Q4 vly Impaired Loans Specific Valuation Allowance Allocation
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CY2012Q4 vly Junior Subordinated Debentures Issued To Capital Trusts Fair Value
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CY2012Q4 vly Loans Held For Sale At Fair Value
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CY2012Q4 vly Non Covered Loans Net Of Unearned Discount And Deferred Loan Fees
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CY2012Q4 vly Non Performing Troubled Debt Restructuring Loans
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CY2012Q4 vly Other Than Temporary Impairment Charges Attributable To Credit Trust Preferred Securities
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CY2012Q4 vly Return On Average Interest Earning Assets Before Tax
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CY2012Q4 vly Savings Now And Money Market
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CY2012Q4 vly Servicing Asset Valuation Allowance
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CY2012Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
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CY2012Q4 vly Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Available For Sale
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CY2012Q4 vly Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Held To Maturity
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CY2012Q4 vly Financing Receivable Recorded Investment Current Non Pci Loans
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due Current
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due In Five Years
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due In Four Years
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due In Three Years
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due In Two Years
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due Thereafter
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CY2012Q4 vly Net Operating Leases Future Minimum Payments Due
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CY2012Q4 vly Fair Value Of Securities Available For Sale
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CY2012Q4 vly Deferred Tax Assets Investment Securities Including Other Than Temporary Impairment Losses
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CY2012Q4 vly Non Covered And Covered Loans Gross
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CY2012Q4 vly Past Due Non Accrual And Current Non Pci Loans
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CY2012Q4 vly Common Equity Tier One Capital To Risk Weighted Assets Basel Requirement
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CY2012Q4 vly Tier One Capital To Risk Weighted Assets Basel Requirement
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CY2012Q4 vly Capital To Risk Weighted Assets Basel Requirement
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CY2012Q4 vly Deferred Tax Asset Accrued Interest
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vly Decrease In Weighted Interest Rate On Federal Home Loan Bank Advances
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vly Federal Home Loan Bank Advances Extension Of Maturity Dates
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vly Federal Home Loan Bank Advances Modification Amount
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vly Federal Home Loan Bank Advances Noncallable Period High
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CY2012Q1 vly Decrease In Weighted Interest Rate On Federal Home Loan Bank Advances
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CY2012Q1 vly Federal Home Loan Bank Advances Extension Of Maturity Dates
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CY2012Q1 vly Federal Home Loan Bank Advances Modification Amount
FederalHomeLoanBankAdvancesModificationAmount
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CY2012Q1 vly Federal Home Loan Bank Advances Noncallable Period High
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CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
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CY2011 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
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CY2010 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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CY2010 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
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CY2010 us-gaap Increase Decrease In Deferred Income Taxes
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CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2010 us-gaap Depreciation Depletion And Amortization
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CY2010 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2010 us-gaap Federal Deposit Insurance Corporation Premium Expense
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CY2010 us-gaap Repayments Of Long Term Debt
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CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2010 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest
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CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2010 us-gaap Impairment Of Investments
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CY2010 us-gaap Cash Flow Hedge Loss Reclassified To Interest Expense
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2010 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2010 us-gaap Payments To Acquire Loans Held For Investment
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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CY2010 us-gaap Payments To Acquire Held To Maturity Securities
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CY2010 us-gaap Interest And Fee Income Loans And Leases
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CY2010 us-gaap Gains Losses On Sales Of Assets
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CY2010 us-gaap Provision For Loan And Lease Losses
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CY2010 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
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CY2010 us-gaap Interest Expense Long Term Debt
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CY2010 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
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CY2010 us-gaap Interest And Dividend Income Operating
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2010 us-gaap Income Tax Expense Benefit Continuing Operations
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CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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CY2010 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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CY2010 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2010 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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CY2010 us-gaap Interest Paid
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CY2010 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2010 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Period Increase Decrease
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CY2010 us-gaap Share Based Compensation
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2010 us-gaap Fees And Commissions Fiduciary And Trust Activities
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CY2010 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
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CY2010 us-gaap Insurance Commissions And Fees
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CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
644810000
CY2010 us-gaap Trading Gains Losses
TradingGainsLosses
-6897000
CY2010 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax
-518000
CY2010 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
-5071000
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
20376000
CY2010 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
323710000
CY2010 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
55798000
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11400000
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
21100000
CY2010 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
3413000
CY2010 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
425473000
CY2010 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
12591000
CY2010 us-gaap Servicing Fees Net
ServicingFeesNet
4919000
CY2010 us-gaap Dividends Common Stock
DividendsCommonStock
110698000
CY2010 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
340000
CY2010 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
6166000
CY2010 us-gaap Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostTax
367000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1493000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14097000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2010 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
10366000
CY2010 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
1345000
CY2010 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
16015000
CY2010 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
83162000
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
512000
CY2010 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
643000
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-3471000
CY2010 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
110848000
CY2010 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
15850000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19334000
CY2010 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-359117000
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-2158000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
130006000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
141942 shares
CY2010 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
253000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
145000
CY2010 us-gaap Noninterest Income
NoninterestIncome
91327000
CY2010 us-gaap Dividend Income Operating
DividendIncomeOperating
7428000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
-44228000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2010 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
645850000
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.66
CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2008000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax
2741000
CY2010 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
5241000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
690078000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177577663 shares
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1003248000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
4268000
CY2010 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
385997000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-11598000
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
9117 shares
CY2010 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
11598000
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2010 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
25691000
CY2010 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5544000
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
144103000
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
327316000
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1555000
CY2010 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
1052000
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
24195000
CY2010 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
413296000
CY2010 us-gaap Advertising Expense
AdvertisingExpense
4052000
CY2010 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
462752000
CY2010 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
4642000
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-1225000
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
732000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
1967000
CY2010 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
-551000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54929000
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4097000
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
12637000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
22558000
CY2010 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
23145000
CY2010 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-837871000
CY2010 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8430000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14599000
CY2010 us-gaap Noninterest Expense
NoninterestExpense
319688000
CY2010 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
261000
CY2010 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6214000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
133000
CY2010 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7721000
CY2010 us-gaap Interest Expense
InterestExpense
214060000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.03
CY2010 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
4518000
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
5307000
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
629000
CY2010 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
6600000
CY2010 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-1056000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
35595000
CY2010 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
-9682000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14
CY2010 us-gaap Occupancy Net
OccupancyNet
63771000
CY2010 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
115190000
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
321318000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7300000 shares
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
8778000
CY2010 us-gaap Labor And Related Expense
LaborAndRelatedExpense
176106000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeBeforeTax
4381000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
73743000
CY2010 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
1494000
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8391000
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-7739000
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
64727000
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4601000
CY2010 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
12631000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
279014000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
866000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-7330000
CY2010 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5709000
CY2010 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
8519000
CY2010 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
115593000
CY2010 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
-885000
CY2010 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
8800000
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50681000
CY2010 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
12443000
CY2010 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
6300000
CY2010 vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
6268000
CY2010 vly Change In Fdic Loss Share Receivable Excluding Reimbursements
ChangeInFdicLossShareReceivableExcludingReimbursements
6268000
CY2010 vly Defined Contribution Plan Employer Matching Contribution
DefinedContributionPlanEmployerMatchingContribution
1900000
CY2010 vly Fair Value Subordinated Debt Changes In Fair Value Gain Loss
FairValueSubordinatedDebtChangesInFairValueGainLoss
5800000
CY2010 vly Fdic Loss Share Receivable Noncash Cf
FdicLossShareReceivableNoncashCf
108000000
CY2010 vly Financing Receivable Interest Income On Non Accrual Loans Accrual Method
FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod
7900000
CY2010 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
3079000
CY2010 vly Gross Losses Realized On Sales
GrossLossesRealizedOnSales
96000
CY2010 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
3158000
CY2010 vly Gross Gains Realized On Sales
GrossGainsRealizedOnSales
8615000
CY2010 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
79000
CY2010 vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
0
CY2010 vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
416000
CY2010 vly Loans Non Cash Cf
LoansNonCashCf
412331000
CY2010 vly Net Change In Fair Value Of Borrowings Carried At Fair Value
NetChangeInFairValueOfBorrowingsCarriedAtFairValue
5841000
CY2010 vly Noncash Or Part Noncash Acquisition Accrued Interest Receivable Assumed
NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed
2788000
CY2010 vly Noncash Or Part Noncash Acquisition Total Deposits Assumed
NoncashOrPartNoncashAcquisitionTotalDepositsAssumed
654200000
CY2010 vly Noncash Or Part Noncash Acquisition Long Term Borrowing Assumed
NoncashOrPartNoncashAcquisitionLongTermBorrowingAssumed
10559000
CY2010 vly Noncash Or Part Noncash Acquisition Short Term Borrowing Assumed
NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed
12688000
CY2010 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
3328000
CY2010 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesTax
-1973000
CY2010 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Before Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesBeforeTax
5301000
CY2010 vly Portion Recognized In Other Comprehensive Income Before Taxes
PortionRecognizedInOtherComprehensiveIncomeBeforeTaxes
3249000
CY2010 vly Provision For Covered Loan Losses
ProvisionForCoveredLoanLosses
6378000
CY2010 vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
42943000
CY2010 vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
135000
CY2010 vly Professional And Legal Fees
ProfessionalAndLegalFees
10137000
CY2010 vly Second Tranche Reimbursement Percentage From Bank To Fdic
SecondTrancheReimbursementPercentageFromBankToFdic
0.95 pure
CY2010 vly Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
7700000
CY2010 vly Defined Benefit Plan Amortization Of Net Loss
DefinedBenefitPlanAmortizationOfNetLoss
-195000
CY2010 vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
9544000
CY2010 vly Noncash Or Part Noncash Acquisition Goodwill Acquired
NoncashOrPartNoncashAcquisitionGoodwillAcquired
21413000
CY2011 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
53335000
CY2011 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
2100000
CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
16111000
CY2011 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
-11509000
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16400000
CY2011 us-gaap Loans And Leases Receivable Commitments To Purchase Or Sell
LoansAndLeasesReceivableCommitmentsToPurchaseOrSell
85000000
CY2011 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
338000
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-3736000
CY2011 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
12759000
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
207000000
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
8949000
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterest
-8938000
CY2011 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
37414000
CY2011 us-gaap Impairment Of Investments
ImpairmentOfInvestments
42775000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
34977000
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
170658000
CY2011 us-gaap Stock Issued1
StockIssued1
208418000
CY2011 us-gaap Cash Flow Hedge Loss Reclassified To Interest Expense
CashFlowHedgeLossReclassifiedToInterestExpense
3067000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-192841000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
60186000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
11161000
CY2011 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0800 pure
CY2011 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
33293000
CY2011 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
40345000
CY2011 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1800000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178424883 shares
CY2011 us-gaap Defined Benefit Plan Amortization Of Net Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit
-11161000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
510767 shares
CY2011 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
683056000
CY2011 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
547365000
CY2011 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
426000
CY2011 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
19314000
CY2011 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
52752000
CY2011 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
19876000
CY2011 us-gaap Transfer Of Investments
TransferOfInvestments
23452000
CY2011 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1100000
CY2011 us-gaap Other Noninterest Expense
OtherNoninterestExpense
50158000
CY2011 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
129692000
CY2011 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
25000000
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
117071000
CY2011 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
673824000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
195217000
CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
62706000
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-21326000
CY2011 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
86600000
CY2011 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3069000
CY2011 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
16678000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Write Down Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWriteDownOfSecuritiesIncludedInNetIncomeTax
-6937000
CY2011 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1525000
CY2011 us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
4483000
CY2011 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
2168000
CY2011 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
9746000
CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
19143000
CY2011 us-gaap Fdic Indemnification Asset Period Increase Decrease
FDICIndemnificationAssetPeriodIncreaseDecrease
19520000
CY2011 us-gaap Interest Paid
InterestPaid
199565000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
10236000
CY2011 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
6350000
CY2011 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7632000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
-1287000
CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Period Increase Decrease
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease
-15023000
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
21208000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3156000
CY2011 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
7523000
CY2011 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
15627000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
1780000
CY2011 us-gaap Fdic Indemnification Asset Additional Estimated Losses
FDICIndemnificationAssetAdditionalEstimatedLosses
10592000
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
20531000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12763000
CY2011 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
3464000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
582999000
CY2011 us-gaap Trading Gains Losses
TradingGainsLosses
2271000
CY2011 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax
348000
CY2011 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
-12760000
CY2011 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
5061000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2438000
CY2011 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
322281000
CY2011 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
48291000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
26610000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
21200000
CY2011 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
4074000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
552486000
CY2011 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
10699000
CY2011 us-gaap Servicing Fees Net
ServicingFeesNet
4337000
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
109675000
CY2011 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
-19812000
CY2011 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
7380000
CY2011 us-gaap Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostTax
245000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-24393000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-56722000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2011 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
11273000
CY2011 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
1154000
CY2011 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
15921000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-8058000
CY2011 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
707000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
11469000
CY2011 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
109675000
CY2011 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
16380000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16111000
CY2011 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
444207000
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-2583000
CY2011 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
6017000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14267000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
12394000
CY2011 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
366769000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-32068000
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1187 shares
CY2011 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
32068000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
132511000
CY2011 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
71000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
732000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
-8303000
CY2011 us-gaap Noninterest Income
NoninterestIncome
112297000
CY2011 us-gaap Dividend Income Operating
DividendIncomeOperating
6655000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.66
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-12377000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeNetOfTax
11633000
CY2011 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
8469000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178426070 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
22610000
CY2011 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5951000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75789000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
280046000
CY2011 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1508000
CY2011 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-6998000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
52207000
CY2011 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
421476000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
8373000
CY2011 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
13105000
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
474811000
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
19968000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
19219000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
13366000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
3067000
CY2011 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
-1507000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62706000
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2970000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1513000
CY2011 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-94136000
CY2011 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
309488000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8213000
CY2011 us-gaap Occupancy Net
OccupancyNet
66332000
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
116779000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191337000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14157000
CY2011 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
48715000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-19674000
CY2011 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6147000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16402000
CY2011 us-gaap Noninterest Expense
NoninterestExpense
338556000
CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
1398000
CY2011 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6698000
CY2011 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2011 us-gaap Servicing Asset At Amortized Value Valuation Allowance
ServicingAssetAtAmortizedValueValuationAllowance
2670000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9315000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
78817000
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
23961000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
473119000
CY2011 us-gaap Fdic Indemnification Asset Accretion Of Discount
FDICIndemnificationAssetAccretionOfDiscount
582000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6800000 shares
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-29630000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
176307000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
68326000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4864000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Writedown Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForWritedownOfSecuritiesIncludedInNetIncomeBeforeTax
18570000
CY2011 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
-3464000
CY2011 us-gaap Interest Expense
InterestExpense
199013000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
825000
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-18161000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12727000
CY2011 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
4000000
CY2011 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-9956000
CY2011 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
-24393000
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8027000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-925000
CY2011 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
31456000
CY2011 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
108129000
CY2011 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax
-593000
CY2011 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
8500000
CY2011 us-gaap Fdic Indemnification Asset Cash Payments Received
FDICIndemnificationAssetCashPaymentsReceived
28372000
CY2011 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
11871000
CY2011 vly Allowance For Loan And Lease Losses Net Charge Off
AllowanceForLoanAndLeaseLossesNetChargeOff
43654000
CY2011 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
13400000
CY2011 vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
13403000
CY2011 vly Change In Fdic Loss Share Receivable Excluding Reimbursements
ChangeInFdicLossShareReceivableExcludingReimbursements
13403000
CY2011 vly Covered Loans Charge Offs
CoveredLoansChargeOffs
14400000
CY2011 vly Defined Contribution Plan Employer Matching Contribution
DefinedContributionPlanEmployerMatchingContribution
2000000
CY2011 vly Fair Value Subordinated Debt Net Trading Gains Losses Non Cash Credits
FairValueSubordinatedDebtNetTradingGainsLossesNonCashCredits
1300000
CY2011 vly Financing Receivable Interest Income On Non Accrual Loans Accrual Method
FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod
6900000
CY2011 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
612000
CY2011 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
623000
CY2011 vly Gross Gains Realized On Sales
GrossGainsRealizedOnSales
31456000
CY2011 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
11000
CY2011 vly Impaired Collateral Dependent Loans Charge Offs
ImpairedCollateralDependentLoansChargeOffs
16900000
CY2011 vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
0
CY2011 vly Impaired Financing Receivable Interest Income Cash Basis Method Classified As Non Accrual
ImpairedFinancingReceivableInterestIncomeCashBasisMethodClassifiedAsNonAccrual
1600000
CY2011 vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
402000
CY2011 vly Loss Due To Remeasurement Of Repossessed Asset At Fair Value
LossDueToRemeasurementOfRepossessedAssetAtFairValue
1300000
CY2012 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-6590000
CY2011 vly Net Change In Fair Value Of Borrowings Carried At Fair Value
NetChangeInFairValueOfBorrowingsCarriedAtFairValue
-1256000
CY2011 vly Number Of Common Stock Issued Upon Exercise Of Warrant
NumberOfCommonStockIssuedUponExerciseOfWarrant
489000 shares
CY2011 vly Number Of Finance Leases
NumberOfFinanceLeases
9 Lease
CY2011 vly Number Of Years Purchase Warrant Can Be Used
NumberOfYearsPurchaseWarrantCanBeUsed
10 Y
CY2011 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
-26656000
CY2011 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesTax
15875000
CY2011 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Before Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesBeforeTax
-42531000
CY2011 vly Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
3893000
CY2011 vly Portion Recognized In Other Comprehensive Income Before Taxes
PortionRecognizedInOtherComprehensiveIncomeBeforeTaxes
-22807000
CY2011 vly Provision For Covered Loan Losses
ProvisionForCoveredLoanLosses
21510000
CY2011 vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
31242000
CY2011 vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
583000
CY2011 vly Professional And Legal Fees
ProfessionalAndLegalFees
15312000
CY2011 vly Reimbursements From Fdic
ReimbursementsFromFdic
28372000
CY2011 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
9000000
CY2011 vly Troubled Debt Restructuring Modifications Number Of Contracts
TroubledDebtRestructuringModificationsNumberOfContracts
42 Contract
CY2011 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
46346000
CY2011 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
46749000
CY2011 vly Transfers From Held To Maturity Securities
TransfersFromHeldToMaturitySecurities
18300000
CY2011 vly Allowance For Covered Loan Losses Net Charge Offs
AllowanceForCoveredLoanLossesNetChargeOffs
3900000
CY2011 vly Loss On Redemption Of Preferred Stock
LossOnRedemptionOfPreferredStock
31500000
CY2011 vly Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
9300000
CY2011 vly Defined Benefit Plan Amortization Of Net Loss
DefinedBenefitPlanAmortizationOfNetLoss
11509000
CY2011 vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
10707000
CY2011 vly Sales Of Loans Held For Sale
SalesOfLoansHeldForSale
0
CY2011 vly Provision For Loan Losses
ProvisionForLoanLosses
-52752000
CY2008 vly Amount Of Share Each Warrant Entitles Buyer To
AmountOfShareEachWarrantEntitlesBuyerTo
1.1025 shares
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000714310
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
VLY
CY2012 dei Entity Registrant Name
EntityRegistrantName
VALLEY NATIONAL BANCORP
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
25552000
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
722000
CY2012 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
1800000
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-28398000
CY2012 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
-5443000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18500000
CY2012 us-gaap Loans And Leases Receivable Commitments To Purchase Or Sell
LoansAndLeasesReceivableCommitmentsToPurchaseOrSell
100400000
CY2012 us-gaap Defined Benefit Plan Amortization Of Net Gains Losses
DefinedBenefitPlanAmortizationOfNetGainsLosses
3000000
CY2012 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
556000
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-4478000
CY2012 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
14292000
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3760000
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2793000
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9993000
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46998000
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16762000
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556000
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248721000
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1105000
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35105000
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5247000
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4195000
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6478000
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4604000
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5682000
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16
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4220000
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5247000
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4137000
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8200000
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21935000
CY2012 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
21124000
CY2012 vly Allowance For Loan And Lease Losses Net Charge Off
AllowanceForLoanAndLeaseLossesNetChargeOff
29242000
CY2012 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
-7500000
CY2012 vly Certain Defined Benefit Plans Amounts Recognized In Accumulated Other Comprehensive Income
CertainDefinedBenefitPlansAmountsRecognizedInAccumulatedOtherComprehensiveIncome
32674000
CY2012 vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
-7459000
CY2012 vly Change In Fdic Loss Share Receivable Excluding Reimbursements
ChangeInFdicLossShareReceivableExcludingReimbursements
-7459000
CY2012 vly Covered Loans Charge Offs
CoveredLoansChargeOffs
4000000
CY2012 vly Defined Contribution Plan Employer Matching Contribution
DefinedContributionPlanEmployerMatchingContribution
2700000
CY2012 vly Fair Value Subordinated Debt Net Trading Gains Losses Non Cash Credits
FairValueSubordinatedDebtNetTradingGainsLossesNonCashCredits
2600000
CY2012 vly Fair Value Unobservable Inputs Quantitative Information For Assets Measured On Nonrecurring Basis Impaired Loans Non Current Appraisal Discount Percentage
FairValueUnobservableInputsQuantitativeInformationForAssetsMeasuredOnNonrecurringBasisImpairedLoansNonCurrentAppraisalDiscountPercentage
0.061 pure
CY2012 vly Financing Receivable Interest Income On Non Accrual Loans Accrual Method
FinancingReceivableInterestIncomeOnNonAccrualLoansAccrualMethod
7200000
CY2012 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
-2984000
CY2012 vly Gross Losses Realized On Sales
GrossLossesRealizedOnSales
1050000
CY2012 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
2327000
CY2012 vly Gross Gains Realized On Sales
GrossGainsRealizedOnSales
6621000
CY2012 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
5311000
CY2012 vly Impaired Collateral Dependent Loans Charge Offs
ImpairedCollateralDependentLoansChargeOffs
17700000
CY2012 vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
0
CY2012 vly Impaired Financing Receivable Interest Income Cash Basis Method Classified As Non Accrual
ImpairedFinancingReceivableInterestIncomeCashBasisMethodClassifiedAsNonAccrual
590000
CY2012 vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
535000
CY2012 vly Internal Expense Transfer On Business Segments
InternalExpenseTransferOnBusinessSegments
CY2012 vly Loans Non Cash Cf
LoansNonCashCf
1088421000
CY2012 vly Maximum Allowable Period Of Interest Deferment
MaximumAllowablePeriodOfInterestDeferment
P5Y
CY2012 vly Loss Due To Remeasurement Of Repossessed Asset At Fair Value
LossDueToRemeasurementOfRepossessedAssetAtFairValue
1500000
CY2012 vly Maximum Voluntary Optional Cash Payments Made By Shareholders To Purchase Common Shares
MaximumVoluntaryOptionalCashPaymentsMadeByShareholdersToPurchaseCommonShares
100000
CY2012 vly Net Change In Fair Value Of Borrowings Carried At Fair Value
NetChangeInFairValueOfBorrowingsCarriedAtFairValue
-2574000
CY2012 vly Noncash Or Part Noncash Acquisition Accrued Interest Receivable Assumed
NoncashOrPartNoncashAcquisitionAccruedInterestReceivableAssumed
5294000
CY2012 vly Noncash Or Part Noncash Acquisition Total Deposits Assumed
NoncashOrPartNoncashAcquisitionTotalDepositsAssumed
1380293000
CY2012 vly Noncash Or Part Noncash Acquisition Short Term Borrowing Assumed
NoncashOrPartNoncashAcquisitionShortTermBorrowingAssumed
29000000
CY2012 vly Number Of Common Stock Issued Upon Exercise Of Warrant
NumberOfCommonStockIssuedUponExerciseOfWarrant
489000 shares
CY2012 vly Number Of Days Loans Placed On Non Accrual Status
NumberOfDaysLoansPlacedOnNonAccrualStatus
90 D
CY2012 vly Number Of Shareholders Require To Qualify Real Estate Investment Trust
NumberOfShareholdersRequireToQualifyRealEstateInvestmentTrust
100 pure
CY2012 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
9942000
CY2012 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesTax
-5090000
CY2012 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Before Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesBeforeTax
15032000
CY2012 vly Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
5467000
CY2012 vly Other Than Temporarily Impaired Trust Preferred Securities Amortized Cost
OtherThanTemporarilyImpairedTrustPreferredSecuritiesAmortizedCost
41800000
CY2012 vly Other Than Temporary Impairment Non Credit Losses Recognized In Earnings Additions Additional Credit Losses Before Taxes
OtherThanTemporaryImpairmentNonCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLossesBeforeTaxes
5100000
CY2012 vly Percentage Of Preferred Stock Issued By Each Reit
PercentageOfPreferredStockIssuedByEachREIT
0.20 pure
CY2012 vly Portion Recognized In Other Comprehensive Income Before Taxes
PortionRecognizedInOtherComprehensiveIncomeBeforeTaxes
5247000
CY2012 vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
25640000
CY2012 vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
-88000
CY2012 vly Professional And Legal Fees
ProfessionalAndLegalFees
15005000
CY2012 vly Sales Of Loans Held For Sale
SalesOfLoansHeldForSale
0
CY2012 vly Reimbursements From Fdic
ReimbursementsFromFdic
21935000
CY2012 vly Schedule Of Allowance For Credit Losses
ScheduleOfAllowanceForCreditLosses
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The following table summarizes the allowance for credit losses for the years ended December&#xA0;31, 2012 and 2011:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"> <tr> <td width="78%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="6" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(in thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Components of allowance for credit losses:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Allowance for non-covered loans</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">120,708</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">120,274</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Allowance for covered loans</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">9,492</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">13,528</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Total allowance for loan losses</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">130,200</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">133,802</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Allowance for unfunded letters of credit</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,295</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,383</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Total allowance for credit losses</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">132,495</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">136,185</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2012 vly Noncash Or Part Noncash Acquisition Goodwill Acquired
NoncashOrPartNoncashAcquisitionGoodwillAcquired
109758000
CY2012 vly Schedule Of Gains Losses Income Related To Derivative Instruments Not Designated As Hedging Instruments
ScheduleOfGainsLossesIncomeRelatedToDerivativeInstrumentsNotDesignatedAsHedgingInstruments
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Net gains included in the consolidated statements of income related to derivative instruments not designated as hedging instruments for the years ended December&#xA0;31, 2012, 2011, and 2010 were as follows:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>2010</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>(in thousands)</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Non-designated hedge interest rate derivatives</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Trading gains, net</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,984</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Other non-interest income</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">253</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">369</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <!-- End Table Body --></table> </div>
CY2012 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
15000000
CY2012 vly Troubled Debt Restructuring Modifications Number Of Contracts
TroubledDebtRestructuringModificationsNumberOfContracts
100 Contract
CY2012 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
90348000
CY2012 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
99494000
CY2012 vly Other Adjustments To Fdic Loss Share Receivable
OtherAdjustmentsToFdicLossShareReceivable
-5484000
CY2012 vly Allowance For Covered Loan Losses Net Charge Offs
AllowanceForCoveredLoanLossesNetChargeOffs
6300000
CY2012 vly Loss On Redemption Of Preferred Stock
LossOnRedemptionOfPreferredStock
5300000
CY2012 vly Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
9800000
CY2012 vly Defined Benefit Plan Amortization Of Net Loss
DefinedBenefitPlanAmortizationOfNetLoss
5443000
CY2012 vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
14365000
CY2012 vly Leases Expiration Date
LeasesExpirationDate
Through 2058
CY2012 vly Transfer Of Loans
TransferOfLoans
124300000
CY2012 vly Provision For Loan Losses
ProvisionForLoanLosses
-25640000
CY2012 vly Trust Preferred Securities Phased Out As Tier One Capital Period One
TrustPreferredSecuritiesPhasedOutAsTierOneCapitalPeriodOne
P3Y
CY2012 vly Trust Preferred Securities Phased Out As Tier One Capital Period Two
TrustPreferredSecuritiesPhasedOutAsTierOneCapitalPeriodTwo
P10Y
CY2012 vly Noncash Or Part Noncash Acquisitions Junior Subordinated Debentures Issued To Capital Trusts
NoncashOrPartNoncashAcquisitionsJuniorSubordinatedDebenturesIssuedToCapitalTrusts
15645000
CY2011Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
24162000
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178154684 shares
CY2011Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
167819000
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
53196000
CY2011Q1 us-gaap Trading Gains Losses
TradingGainsLosses
3382000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2011Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
39551000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
36299000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178162788 shares
CY2011Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
2679000
CY2011Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
116892000
CY2011Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
-825000
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16897000
CY2011Q1 us-gaap Noninterest Expense
NoninterestExpense
84321000
CY2011Q1 us-gaap Interest Expense
InterestExpense
50927000
CY2011Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
6026000
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
178335522 shares
CY2011Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
167794000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
61607000
CY2011Q2 us-gaap Trading Gains Losses
TradingGainsLosses
-1048000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2011Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
18091000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
36608000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
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