2013 Q3 Form 10-Q Financial Statement

#000119312513435140 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $153.8M $167.2M
YoY Change -8.04% -2.57%
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 $7.000M $7.200M
YoY Change -2.78% -1.37%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $42.11M $45.41M
YoY Change -7.26% -8.64%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $34.26M $61.85M
YoY Change -44.6% 27.36%
Income Tax $7.143M $22.40M
% Of Pretax Income 20.85% 36.22%
Net Earnings $27.12M $39.45M
YoY Change -31.25% 12.47%
Net Earnings / Revenue 17.64% 23.59%
Basic Earnings Per Share $0.14 $0.20
Diluted Earnings Per Share $0.14 $0.20
COMMON SHARES
Basic Shares Outstanding 199.4M shares 197.4M shares
Diluted Shares Outstanding 199.4M shares 197.4M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.979B $2.926B
YoY Change 1.83%
Cash & Equivalents $350.4M $605.3M
Short-Term Investments $2.629B $2.321B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $269.8M $276.1M
YoY Change -2.29% 4.18%
Goodwill $428.2M $420.4M
YoY Change 1.85% 32.23%
Intangibles $37.96M $28.87M
YoY Change 31.47%
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 $15.98B $15.77B
YoY Change 1.3% 10.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $179.0M $155.0M
YoY Change 15.48% -4.91%
Deferred Revenue
YoY Change
Short-Term Debt $158.3M $288.9M
YoY Change -45.21% 29.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $179.0M $155.0M
YoY Change 15.48% -4.91%
LONG-TERM LIABILITIES
Long-Term Debt $2.994B $2.889B
YoY Change 3.63% -0.79%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.994B $2.889B
YoY Change 3.63% -0.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.0M $155.0M
Total Long-Term Liabilities $2.994B $2.889B
Total Liabilities $14.46B $14.26B
YoY Change 1.4% 10.32%
SHAREHOLDERS EQUITY
Retained Earnings $88.70M $100.3M
YoY Change -11.52% 4.32%
Common Stock $1.470B $1.457B
YoY Change 0.88% 17.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00K $164.0K
YoY Change -84.76% -94.18%
Treasury Stock Shares 2.500K shares 16.42K shares
Shareholders Equity $1.520B $1.513B
YoY Change
Total Liabilities & Shareholders Equity $15.98B $15.77B
YoY Change 1.3% 10.82%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $27.12M $39.45M
YoY Change -31.25% 12.47%
Depreciation, Depletion And Amortization $7.000M $7.200M
YoY Change -2.78% -1.37%
Cash From Operating Activities $89.10M $73.30M
YoY Change 21.56% 35.74%
INVESTING ACTIVITIES
Capital Expenditures -$2.700M -$6.800M
YoY Change -60.29% 54.55%
Acquisitions
YoY Change
Other Investing Activities -$426.6M $328.2M
YoY Change -229.98% -375.1%
Cash From Investing Activities -$429.3M $321.4M
YoY Change -233.57% -359.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.700M -241.2M
YoY Change -95.98% 290.92%
NET CHANGE
Cash From Operating Activities 89.10M 73.30M
Cash From Investing Activities -429.3M 321.4M
Cash From Financing Activities -9.700M -241.2M
Net Change In Cash -349.9M 153.5M
YoY Change -327.95% -216.82%
FREE CASH FLOW
Cash From Operating Activities $89.10M $73.30M
Capital Expenditures -$2.700M -$6.800M
Free Cash Flow $91.80M $80.10M
YoY Change 14.61% 37.16%

Facts In Submission

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dei Trading Symbol
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dei Entity Registrant Name
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VALLEY NATIONAL BANCORP
dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Period End Date
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2013-09-30
dei Entity Central Index Key
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
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us-gaap Allowance For Loan And Lease Losses Writeoffs Net
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us-gaap Federal Deposit Insurance Corporation Premium Expense
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us-gaap Impairment Of Investments
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us-gaap Occupancy Net
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us-gaap Fdic Indemnification Asset Accretion Of Discount
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Defined Benefit Plan Service Cost
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us-gaap Advertising Expense
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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vly Loss Due To Remeasurement Of Repossessed Asset At Fair Value
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vly Net Change In Fair Value Of Borrowings Carried At Fair Value
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275000
vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
6977000
vly Change In Fdic Loss Share Receivable Excluding Reimbursements
ChangeInFdicLossShareReceivableExcludingReimbursements
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vly Allowance For Loan Losses Charge Offs
AllowanceForLoanLossesChargeOffs
146000
vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
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vly Specific Reserves For Loan Losses
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IncomeTaxesPaid
49936000
us-gaap Stock Issued1
StockIssued1
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IncreaseDecreaseInOtherOperatingAssets
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vly Troubled Debt Restructuring Modifications Number Of Contracts
TroubledDebtRestructuringModificationsNumberOfContracts
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vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
48713000
vly Reimbursements From Fdic
ReimbursementsFromFdic
2138000
vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
31000
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FairValueUnobservableInputsQuantitativeInformationForAssetsMeasuredOnNonrecurringBasisImpairedLoansNonCurrentAppraisalDiscountPercentage
0.135 pure
vly Intangible Assets Impairment Loss Or Recovery Mortgage Servicing Rights
IntangibleAssetsImpairmentLossOrRecoveryMortgageServicingRights
2400000
vly Professional And Legal Fees
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12289000
vly Allowance For Covered Loan Losses Net Charge Offs
AllowanceForCoveredLoanLossesNetChargeOffs
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vly Impaired Collateral Dependent Loans Charge Offs
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21600000
vly Schedule Of Gains Losses Income Related To Derivative Instruments Not Designated As Hedging Instruments
ScheduleOfGainsLossesIncomeRelatedToDerivativeInstrumentsNotDesignatedAsHedgingInstruments
<div> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The net (losses) gains included in the consolidated statements of income related to derivative instruments not designated as hedging instruments for the three and nine months ended September&#xA0;30, 2013 and 2012 were as follows:</p> <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt" border="0" cellspacing="0" cellpadding="0" width="92%" align="center"><!-- Begin Table Head --> <tr> <td width="74%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>Three&#xA0;Months&#xA0;Ended<br /> September&#xA0;30,</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"><b>Nine&#xA0;Months&#xA0;Ended<br /> September&#xA0;30,</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2013</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>2012</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="14" align="center"><b>(in thousands)</b></td> <td valign="bottom">&#xA0;</td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; FONT-SIZE: 10pt"> Non-designated hedge interest rate derivatives</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <td valign="top"> <p style="TEXT-INDENT: -1em; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 3em; FONT-SIZE: 10pt"> Other non-interest expense</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(1,216</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">682</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">(126</td> <td valign="bottom" nowrap="nowrap">)&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">899</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <!-- End Table Body --></table> </div>
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AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
19025000
vly Number Of Days Loans Placed On Non Accrual Status
NumberOfDaysLoansPlacedOnNonAccrualStatus
90 D
vly Percentage Of Increase In Matching Contribution To Align With Retirement Plan Match
PercentageOfIncreaseInMatchingContributionToAlignWithRetirementPlanMatch
0.06 pure
vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
46951000
vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
10736000
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FiniteLivedIntangibleAssetNet
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vly Provision For Loan Losses
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vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
626000
vly Fair Value Of Plan Assets Increased Percentage
FairValueOfPlanAssetsIncreasedPercentage
0.253 pure
vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
16589000
vly Provision For Covered Loan Losses
ProvisionForCoveredLoanLosses
-2276000
vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
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vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
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vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
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vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
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vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
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7200000
vly Other Than Temporarily Impaired Trust Preferred Securities Amortized Cost
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41800000
vly Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
3529000
vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
614000
vly Fair Value Unobservable Inputs Quantitative Information For Assets Measured On Nonrecurring Basis Loan Servicing Rights Discount Rate
FairValueUnobservableInputsQuantitativeInformationForAssetsMeasuredOnNonrecurringBasisLoanServicingRightsDiscountRate
0.08 pure
vly Net Increase In Expected Cash Flows
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120948000
vly Percentage Of Purchased Credit Impaired Loans Not Covered
PercentageOfPurchasedCreditImpairedLoansNotCovered
0.86 pure
vly Average Expected Life Of Non Covered Purchased Credit Impaired Loans At Date Of Acquisition
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vly Average Expected Life Of Non Covered Purchased Credit Impaired Loans At Reporting Date
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P4Y
vly Decrease In Expected Credit Losses For Non Covered Pools
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20100000
vly Credit Factors Risk Percentage
CreditFactorsRiskPercentage
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vly Partial Charge Offs Of Troubled Debt Restructurings Loans
PartialChargeOffsOfTroubledDebtRestructuringsLoans
1100000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Common Stock Dividends Per Share Declared
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0.49
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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197206303 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
438 shares
us-gaap Earnings Per Share Basic
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0.54
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11985000
us-gaap Net Cash Provided By Used In Operating Activities
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234470000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7600000 shares
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
371352000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
2488000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
351000000
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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26742000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
125176000
us-gaap Fees And Commissions Depositor Accounts
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18545000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
229037000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
93785000
us-gaap Fdic Indemnification Asset Cash Payments Received
FDICIndemnificationAssetCashPaymentsReceived
14950000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
899000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
54598000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Payments To Acquire Loans Held For Investment
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129659000
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us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
166000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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5804000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
568330000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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9457000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
5355000
us-gaap Trading Gains Losses
TradingGainsLosses
627000
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DefinedBenefitPlanAmortizationOfGainsLosses
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11947000
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
5705000
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3870000
us-gaap Interest Paid
InterestPaid
137138000
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158844000
us-gaap Interest And Dividend Income Operating
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508224000
us-gaap Maturities Of Subordinated Debt
MaturitiesOfSubordinatedDebt
10000000
us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
483000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
438283000
us-gaap Net Income Loss
NetIncomeLoss
106798000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
305713000
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
123093000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
19912000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
9770000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18378000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
5265000
us-gaap Servicing Fees Net
ServicingFeesNet
3481000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
31362000
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
5887000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
2543000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1477936000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-732000
us-gaap Dividend Income Operating
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5291000
us-gaap Noninterest Income
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87121000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6700000
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
959000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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308000
us-gaap Payments To Acquire Property Plant And Equipment
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15210000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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7323000
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
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72137000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
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us-gaap Noninterest Expense
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279277000
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
90831000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1568767000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-1013000
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1689000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-210188000
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
598885000
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
1178000
us-gaap Depreciation Amortization And Accretion Net
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13463000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
20385000
us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
15095000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-2657000
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
91912000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
42419000
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-38475000
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
186262000
us-gaap Cash Acquired From Acquisition
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117587000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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6263000
us-gaap Share Based Compensation
ShareBasedCompensation
3816000
us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
298000
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
8050000
us-gaap Fdic Indemnification Asset Additional Estimated Losses
FDICIndemnificationAssetAdditionalEstimatedLosses
5959000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
47016000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
226210000
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
582651000
us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
28687000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
221603000
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
275650000
us-gaap Interest Expense
InterestExpense
136872000
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
5247000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6176000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5749000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
30295000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4795000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
194726000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
201928000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1321000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
1519000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
20352000
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
24940000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
10742000
us-gaap Impairment Of Investments
ImpairmentOfInvestments
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7186000
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Heldtomaturity Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentHeldtomaturitySecurities
5247000
us-gaap Occupancy Net
OccupancyNet
51731000
us-gaap Advertising Expense
AdvertisingExpense
5252000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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5247000
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4697000
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CY2012Q3 us-gaap Income Tax Expense Benefit
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2242000
CY2012Q3 vly Specific Reserves For Loan Losses
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CY2012Q3 vly Troubled Debt Restructuring Modifications Number Of Contracts
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CY2012Q3 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
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24183000
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CY2012Q3 vly Professional And Legal Fees
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CY2012Q3 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
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2729000
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1929000
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4280000
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CY2013Q3 us-gaap Interest Expense Long Term Debt
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CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
17109000
CY2013Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
422000
CY2013Q3 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
CY2013Q3 us-gaap Fdic Indemnification Asset Additional Estimated Losses
FDICIndemnificationAssetAdditionalEstimatedLosses
3075000
CY2013Q3 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
7279000
CY2013Q3 us-gaap Interest Expense
InterestExpense
42110000
CY2013Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
CY2013Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
12006000
CY2013Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1640000
CY2013Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
220071000
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-343000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
6000
CY2013Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5334000
CY2013Q3 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
9139000
CY2013Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
3909000
CY2013Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2264000
CY2013Q3 us-gaap Occupancy Net
OccupancyNet
18430000
CY2013Q3 us-gaap Fdic Indemnification Asset Accretion Of Discount
FDICIndemnificationAssetAccretionOfDiscount
33000
CY2013Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
229000
CY2013Q3 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
357000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
47434000
CY2013Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1530000
CY2013Q3 us-gaap Advertising Expense
AdvertisingExpense
1203000
CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7143000
CY2013Q3 vly Loss Due To Remeasurement Of Repossessed Asset At Fair Value
LossDueToRemeasurementOfRepossessedAssetAtFairValue
1100000
CY2013Q3 vly Other Comprehensive Income Loss Non Credit Impairment Losses On Securities Net Of Tax
OtherComprehensiveIncomeLossNonCreditImpairmentLossesOnSecuritiesNetOfTax
226000
CY2013Q3 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
8000
CY2013Q3 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
2100000
CY2013Q3 vly Troubled Debt Restructuring Modifications Number Of Contracts
TroubledDebtRestructuringModificationsNumberOfContracts
13 Contract
CY2013Q3 vly Troubled Debt Restructuring Modifications Pre Modification Recorded Investment
TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
18442000
CY2013Q3 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
CY2013Q3 vly Intangible Assets Impairment Loss Or Recovery Mortgage Servicing Rights
IntangibleAssetsImpairmentLossOrRecoveryMortgageServicingRights
357000
CY2013Q3 vly Professional And Legal Fees
ProfessionalAndLegalFees
4112000
CY2013Q3 vly Allowance For Covered Loan Losses Net Charge Offs
AllowanceForCoveredLoanLossesNetChargeOffs
1500000
CY2013Q3 vly Impaired Collateral Dependent Loans Charge Offs
ImpairedCollateralDependentLoansChargeOffs
8200000
CY2013Q3 vly Number Of Days Loans Placed On Non Accrual Status
NumberOfDaysLoansPlacedOnNonAccrualStatus
90 D
CY2013Q3 vly Troubled Debt Restructuring Modifications Post Modification Recorded Investment
TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
18684000
CY2013Q3 vly Provision For Non Covered Loans
ProvisionForNonCoveredLoans
4280000
CY2013Q3 vly Defined Benefit Plan Effect Of One Percentage Point Decrease On Net Periodic Pension Benefit Expense
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnNetPeriodicPensionBenefitExpense
422000
CY2013Q3 vly Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
2300000
CY2013Q3 vly Provision For Loan Losses
ProvisionForLoanLosses
-4280000
CY2013Q3 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
8000
CY2013Q3 vly Impairment Of Core Deposits And Intangibles
ImpairmentOfCoreDepositsAndIntangibles
0
CY2013Q3 vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
0
CY2013Q3 vly Provision For Unfunded Letters Of Credit
ProvisionForUnfundedLettersOfCredit
1054000
CY2013Q3 vly Change In Fdic Loss Share Receivable
ChangeInFdicLossShareReceivable
-2005000
CY2013Q3 vly Amount Recognized In Non Interest Income Related To Discount Accretion And Post Acquisition Adjustments To Fdic Loss Share Receivable
AmountRecognizedInNonInterestIncomeRelatedToDiscountAccretionAndPostAcquisitionAdjustmentsToFdicLossShareReceivable
2000000
CY2013Q3 vly Other Reimbursable Expenses From Fdic
OtherReimbursableExpensesFromFdic
1037000
CY2013Q3 vly Charge Offs Of Troubled Debt Restructurings Loans
ChargeOffsOfTroubledDebtRestructuringsLoans
6100000
CY2013Q3 vly Interest On Federal Funds Sold And Other Short Term Investments
InterestOnFederalFundsSoldAndOtherShortTermInvestments
96000

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