Valley National Bank Mortgage Rates, Fees & Info

Passaic, NJ

LEI: KI0VI4JRMCIJ329YTN75

Tax ID: 22-1186387

5 stars - out of 5 stars, based on 86 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Valley National Bank is a mid-sized bank specializing in Home Purchase and Cash Out Refi loans. Valley National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Tampa, Miami, Ocean City, and Allentown among others. We have data for 128 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Valley National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Valley National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.65% 3/19/23
    30 Year Conventional Purchase 6.39% 3/19/23
    30 Year Conventional Refi 6.54% 3/19/23
    30 Year Cash-out Refi 6.68% 3/19/23
    30 Year FHA Purchase 7.37% 3/19/23
    30 Year FHA Refi 6.93% 3/19/23
    30 Year VA Purchase 6.22% 3/19/23
    30 Year VA Refi 5.85% 3/19/23
    30 Year USDA Purchase 6.27% 3/19/23
    15 Year Conventional Purchase 6.06% 3/19/23
    15 Year Conventional Refi 6.13% 3/19/23
    15 Year Cash-out Refi 6.13% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    7,364

    Origination Dollar Volume (All Markets)

    $4,418,940,000

    Employee count

    3,370 Show all (13) awards

    Relative Rate

    Valley National Bank's average 30 year fixed mortgage rate was 3.1%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Valley National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,446.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4,543 $2,635,295,000 $580,078 $2,931 3.04%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 519 $396,055,000 $763,112 $4,075 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 467 $325,215,000 $696,392 $4,915 3.08%
    OCEAN CITY, NJ (FHA|USDA|VA) 190 $141,770,000 $746,158 $4,687 3.10%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 74 $90,260,000 $1,219,730 $1,367 3.03%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 128 $86,810,000 $678,203 $5,653 3.01%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 265 $79,585,000 $300,321 $4,495 3.10%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 97 $74,675,000 $769,845 $3,186 3.07%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 88 $59,900,000 $680,682 $4,347 3.10%
    JACKSONVILLE, FL (FHA|USDA|VA) 47 $57,505,000 $1,223,511 $3,988 3.16%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 54 $52,450,000 $971,296 $5,401 3.08%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 114 $39,200,000 $343,860 $3,688 3.10%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 43 $36,035,000 $838,023 $3,566 3.02%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 100 $34,680,000 $346,800 $4,102 3.05%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 37 $28,035,000 $757,703 $7,580 3.17%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 34 $21,750,000 $639,706 $2,998 3.41%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 39 $20,005,000 $512,949 $3,159 3.15%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 33 $16,805,000 $509,242 $3,507 3.10%
    KINGSTON, NY (FHA|USDA|VA) 45 $13,885,000 $308,556 $4,227 3.07%
    Outside of Metro Areas 45 $13,095,000 $291,000 $3,762 3.23%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $12,665,000 $2,533,000 $1,550 3.10%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $12,005,000 $12,005,000 $0 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 21 $9,845,000 $468,810 $4,605 3.23%
    MONTGOMERY, AL (FHA|USDA|VA) 50 $9,500,000 $190,000 $3,649 3.13%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 41 $9,295,000 $226,707 $2,578 3.17%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $8,580,000 $4,290,000 $6,588 3.56%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $7,280,000 $1,820,000 $5,399 3.69%
    ROCKFORD, IL (FHA|USDA|VA) 1 $6,755,000 $6,755,000 $0 4.00%
    Sevierville, TN (FHA|USDA|VA) 9 $5,965,000 $662,778 $0 4.04%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $5,865,000 $837,857 $5,531 2.98%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $5,140,000 $856,667 $7,152 3.25%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 23 $5,125,000 $222,826 $3,311 3.06%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 16 $4,890,000 $305,625 $4,600 3.17%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 6 $4,720,000 $786,667 $4,391 3.63%
    Key West, FL (FHA|USDA|VA) 7 $4,475,000 $639,286 $7,922 2.86%
    Alexander City, AL (FHA|USDA|VA) 23 $4,125,000 $179,348 $2,561 3.12%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $3,935,000 $3,935,000 $0 3.00%
    RICHMOND, VA (FHA|USDA|VA) 2 $3,810,000 $1,905,000 $5,180 3.76%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $3,555,000 $3,555,000 $0 4.21%
    Torrington, CT (FHA|USDA|VA) 6 $3,270,000 $545,000 $6,447 2.85%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $3,060,000 $765,000 $6,036 3.13%
    COLUMBUS, GA-AL (FHA|USDA|VA) 3 $2,735,000 $911,667 $2,386 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 7 $2,085,000 $297,857 $5,265 3.11%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $2,065,000 $295,000 $4,372 3.63%
    Okeechobee, FL (FHA|USDA|VA) 3 $2,045,000 $681,667 $6,744 3.17%
    GLENS FALLS, NY (FHA|USDA|VA) 7 $2,035,000 $290,714 $3,973 3.18%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,970,000 $492,500 $6,910 2.81%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,970,000 $492,500 $4,927 3.22%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,925,000 $641,667 $5,871 2.83%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,895,000 $631,667 $7,277 3.08%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,815,000 $605,000 $4,312 3.17%
    ROCHESTER, NY (FHA|USDA|VA) 11 $1,775,000 $161,364 $3,752 3.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $5,968 3.38%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $1,625,000 $541,667 $4,793 2.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,620,000 $270,000 $3,897 3.13%
    Easton, MD (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $7,230 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $1,435,000 $478,333 $6,175 3.17%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 10 $1,350,000 $135,000 $1,342 3.06%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $1,290,000 $645,000 $7,274 3.00%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 4.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $1,235,000 $411,667 $7,094 3.29%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,220,000 $610,000 $5,550 3.06%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,205,000 $401,667 $4,906 3.04%
    Cullowhee, NC (FHA|USDA|VA) 2 $1,130,000 $565,000 $6,667 3.13%
    Malone, NY (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 3.38%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $7,419 3.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $880,000 $440,000 $4,323 2.94%
    Breckenridge, CO (FHA|USDA|VA) 1 $825,000 $825,000 $3,263 3.38%
    OCALA, FL (FHA|USDA|VA) 1 $825,000 $825,000 $7,968 3.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $800,000 $400,000 $3,900 3.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $770,000 $385,000 $3,319 2.69%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $735,000 $735,000 $5,190 2.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $690,000 $345,000 $3,416 3.19%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $635,000 $635,000 $4,940 3.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,130 3.50%
    LANCASTER, PA (FHA|USDA|VA) 2 $570,000 $285,000 $5,095 3.19%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $560,000 $280,000 $3,939 3.63%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $545,000 $545,000 $4,477 3.25%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $490,000 $245,000 $3,662 2.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,413 2.75%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $435,000 $435,000 $0 2.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,232 2.88%
    ANCHORAGE, AK (FHA|USDA|VA) 1 $415,000 $415,000 $0 2.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $400,000 $200,000 $0 3.69%
    COLUMBUS, OH (FHA|USDA|VA) 1 $395,000 $395,000 $8,560 2.75%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $365,000 $365,000 $3,523 2.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $355,000 $355,000 $3,865 3.13%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $345,000 $345,000 $4,838 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.65%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.63%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $300,000 $150,000 $4,072 2.81%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $4,574 3.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $285,000 $285,000 $3,322 3.25%
    St. Marys, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,508 3.50%
    Athens, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,201 2.88%
    SAVANNAH, GA (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.13%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,828 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,520 3.13%
    WILMINGTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $4,142 3.63%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,592 3.25%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $499 2.75%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,575 2.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,852 2.75%
    Pottsville, PA (FHA|USDA|VA) 1 $235,000 $235,000 $499 2.75%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $235,000 $235,000 $7,724 2.63%
    ITHACA, NY (FHA|USDA|VA) 1 $235,000 $235,000 $3,399 3.75%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $215,000 $215,000 $6,804 2.63%
    Georgetown, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.63%
    GADSDEN, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,154 3.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,921 3.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,343 3.13%
    Hudson, NY (FHA|USDA|VA) 1 $175,000 $175,000 $3,869 3.50%
    Heber, UT (FHA|USDA|VA) 1 $155,000 $155,000 $3,375 2.50%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $155,000 $155,000 $499 3.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,550 3.25%
    MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $3,603 3.50%
    Palatka, FL (FHA|USDA|VA) 1 $145,000 $145,000 $499 3.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,391 3.00%
    SYRACUSE, NY (FHA|USDA|VA) 1 $135,000 $135,000 $499 2.50%
    Bradford, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,309 2.38%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.88%
    Crossville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,138 3.13%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
    Auburn, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,433 2.25%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $95,000 $95,000 $499 3.38%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,022 2.63%
    Valley National Bank's top markets include New York, Tampa, Miami, Ocean City, and Allentown among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,182 $4,157,600,000 $672,533 $3,305 3.06%
    HELOC 1,063 $221,905,000 $208,754 n/a 3.17%
    FHA 83 $26,205,000 $315,723 $11,035 3.00%
    VA 36 $13,230,000 $367,500 $9,084 2.65%

    For 2021, Valley National Bank's most frequently originated type of loan was Conventional, with 6,182 originations. Their 2nd most popular type was HELOC, with 1,063 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,586 $1,634,990,000 $632,247 $5,791 3.03%
    Refi 2,207 $849,995,000 $385,136 $1,445 3.00%
    Cash Out Refi 1,678 $1,587,590,000 $946,120 $3,080 3.19%
    Home Improvement 617 $97,825,000 $158,549 $586 3.15%
    Other 276 $248,540,000 $900,507 $1,735 3.29%

    For 2021, Valley National Bank's most frequently cited loan purpose was Home Purchase, with 2,586 originations. The 2nd most popular reason was Refi, with 2,207 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,092 $2,347,200,000 $460,958 $4,446 3.10%
    15 Year 1,020 $282,980,000 $277,431 $1,226 2.77%
    10 Year 478 $870,980,000 $1,822,134 $719 3.08%
    20 Year 434 $112,430,000 $259,055 $1,116 3.22%
    Other 239 $447,735,000 $1,873,368 $3,996 3.37%
    5 Year 85 $242,215,000 $2,849,588 $9 3.77%
    3 Year 12 $110,460,000 $9,205,000 $0 3.63%
    1 Year 4 $4,940,000 $1,235,000 $0 4.22%

    For 2021, Valley National Bank's most frequently cited loan duration was 30 Year, with 5,092 originations. The 2nd most popular length was 15 Year, with 1,020 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,852 $753,580,000 $264,229
    $1k-2k 2,406 $1,544,530,000 $641,949
    $2k-3k 193 $65,865,000 $341,269
    $5k+ 102 $74,030,000 $725,784
    $3k-4k 74 $29,760,000 $402,162
    $4k-5k 34 $17,700,000 $520,588

    Valley National Bank's average total fees were $4,446, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,852 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,425 $2,114,175,000 $617,277
    3-4% 3,333 $1,911,135,000 $573,398
    <2.5% 469 $205,275,000 $437,687
    4-5% 127 $184,245,000 $1,450,748
    5-6% 9 $2,775,000 $308,333

    During 2021, Valley National Bank's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,425 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,529 $725,465,000 $286,858 $2,648 3.08%
    $100k-200k 1,653 $243,785,000 $147,480 $1,715 3.04%
    $400k-600k 905 $442,195,000 $488,613 $4,633 3.06%
    $600k-1MM 786 $599,270,000 $762,430 $5,847 3.02%
    $1MM+ 748 $2,362,270,000 $3,158,115 $9,078 3.12%
    $100,000 or less 743 $45,955,000 $61,851 $1,075 3.17%

    2021 saw Valley National Bank place emphasis on $200k-400k loans with 2,529 originations, totaling $725,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1,636 $1,314,760,000 $803,643 $5,673 3.05%
    $150k-250k 1,604 $581,280,000 $362,394 $3,228 3.06%
    $100k-150k 1,509 $417,975,000 $276,988 $2,846 3.07%
    $75k-100k 935 $225,035,000 $240,679 $2,583 3.04%
    $50k-75k 776 $148,200,000 $190,979 $2,700 3.01%
    $50k or less 350 $45,450,000 $129,857 $2,651 2.98%

    Valley National Bank lent most frequently to those with incomes in the $250k+ range, with 1,636 originations. The second most popular income band? $150k-250k, with 1,604 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,668 $653,970,000 $392,068 $3,160 3.03%
    30-36% 1,381 $566,075,000 $409,902 $3,501 3.06%
    <20% 659 $307,915,000 $467,246 $3,203 2.96%
    42% 449 $160,315,000 $357,049 $3,519 3.10%
    41% 370 $156,850,000 $423,919 $4,391 3.06%
    40% 338 $159,140,000 $470,828 $4,146 3.03%
    39% 326 $138,690,000 $425,429 $3,523 3.07%
    38% 291 $118,265,000 $406,409 $3,689 3.08%
    36% 272 $110,240,000 $405,294 $3,573 3.04%
    37% 259 $104,985,000 $405,347 $3,478 3.03%
    43% 173 $57,115,000 $330,145 $2,822 3.08%
    44% 156 $47,200,000 $302,564 $3,028 3.12%
    49% 131 $38,805,000 $296,221 $3,004 3.10%
    45% 124 $39,390,000 $317,661 $2,884 3.05%
    46% 120 $37,400,000 $311,667 $3,294 3.12%
    48% 106 $34,140,000 $322,075 $3,856 3.18%
    47% 98 $30,990,000 $316,224 $3,360 3.08%
    50-60% 38 $11,030,000 $290,263 $8,403 3.01%
    >60% 1 $155,000 $155,000 $0 3.00%

    Valley National Bank lent most frequently to those with DTI ratios of 20-30%, with 1,668 originations. The next most common DTI ratio? 30-36%, with 1,381 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,141 $2,071,775,000 $402,991 $3,422 3.06%
    Not applicable 382 $1,622,160,000 $4,246,492 $0 3.56%
    Not provided 903 $347,305,000 $384,612 $2,852 3.05%
    Asian 485 $210,555,000 $434,134 $4,259 2.95%
    Black 406 $146,230,000 $360,172 $3,972 3.02%
    Asian Indian 14 $8,740,000 $624,286 $5,532 2.96%
    American Indian 20 $8,470,000 $423,500 $5,226 3.15%
    Other Asian 6 $1,710,000 $285,000 $3,395 3.29%
    Chinese 3 $755,000 $251,667 $499 3.21%
    Filipino 1 $485,000 $485,000 $5,392 3.25%
    Japanese 1 $395,000 $395,000 $6,951 3.25%
    Korean 1 $205,000 $205,000 $999 3.63%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,808 2.38%

    Approval Rates

    Total approvals of all applications
    95.09%

    Valley National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    70.19%

    Valley National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,364 $4,418,940,000 $600,073

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,364 $4,418,940,000 $600,073

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,168 $321,030,000 $274,854 $1,593 2.99%
    40-60% 1,411 $736,505,000 $521,974 $2,277 3.04%
    60-80% 2,453 $2,050,885,000 $836,072 $3,968 3.14%
    80-100% 1,345 $630,245,000 $468,584 $5,511 2.96%
    Over 100% 42 $134,750,000 $3,208,333 $19,222 3.85%
    Under 20% 945 $545,525,000 $577,275 $603 3.18%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    VALLEY NATIONAL BANCORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    VALLEY NATIONAL BANCORP Conventional home mortgage Closing on a mortgage 1 14.3%
    VALLEY NATIONAL BANCORP Conventional home mortgage Trouble during payment process 2 28.6%
    VALLEY NATIONAL BANCORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    VALLEY NATIONAL BANCORP Other type of mortgage Incorrect information on your report 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Valley National Bank 1 Bayshore Plaza Atlantic Highlands, NJ 7716 Full Service B&M $44,120
    Valley National Bank 10 Madison Ave Morristown, NJ 7960 Full Service B&M $109,800
    Valley National Bank 100 Central Avenue Kearny, NJ 7032 Full Service B&M $89,821
    Valley National Bank 100 Durham Avenue South Plainfield, NJ 7080 Full Service B&M $135,153
    Valley National Bank 100 E Blackwell St Dover, NJ 7801 Full Service B&M $87,702
    Valley National Bank 100 Park Avenue New York, NY 10017 Full Service B&M $577,879
    Valley National Bank 1001 Brickell Bay Drive Miami, FL 33131 Full Service B&M $422,236
    Valley National Bank 1020 Buttonwood Street Barefoot Bay, FL 32976 Full Service B&M $38,640
    Valley National Bank 1020 Summit Ave Union City, NJ 7087 Full Service B&M $31,281
    Valley National Bank 103 Franklin Avenue Ridgewood, NJ 7450 Full Service B&M $136,896
    Valley National Bank 1040 Avenue Of The Americas New York City, NY 10018 Full Service B&M $513,976
    Valley National Bank 105 Mill Street Hackettstown, NJ 7840 Full Service B&M $76,066
    Valley National Bank 1050 Franklin Ave Garden City, NY 11530 Full Service B&M $87,232
    Valley National Bank 1055 Old Country Road Westbury, NY 11590 Full Service B&M $41,380
    Valley National Bank 1059 Bloomfield Avenue West Caldwell, NJ 7006 Full Service B&M $117,525
    Valley National Bank 107-01 Liberty Avenue Ozone Park, NY 11417 Full Service B&M $34,287
    Valley National Bank 10739 Deerwood Park Boulevard, Suite 100 Jacksonville, FL 32255 Full Service B&M $200,290
    Valley National Bank 1100 Corporate Parkway Birmingham, AL 35242 Full Service B&M $61,181
    Valley National Bank 1100 Livingston Avenue North Brunswick, NJ 8902 Full Service B&M $63,543
    Valley National Bank 111 4th Avenue New York, NY 10003 Full Service B&M $16,888
    Valley National Bank 111 Hackensack Avenue Hackensack, NJ 7601 Full Service B&M $262,158
    Valley National Bank 1125 East Bay Dr Largo, FL 33770 Full Service B&M $191,548
    Valley National Bank 113 E. Whiting Street Tampa, FL 33602 Full Service B&M $516,687
    Valley National Bank 115 Center Street Landing, NJ 7850 Full Service B&M $82,278
    Valley National Bank 115 Main St Little Falls, NJ 7424 Full Service B&M $186,038
    Valley National Bank 115 Valley Street South Orange, NJ 7079 Full Service B&M $48,589
    Valley National Bank 1154 Lee Street Alexander City, AL 35010 Full Service B&M $47,019
    Valley National Bank 117 South Avenue West Cranford, NJ 7016 Full Service B&M $154,933
    Valley National Bank 1173 Ocean Avenue Sea Bright, NJ 7760 Full Service B&M $49,237
    Valley National Bank 11811 U.S. 1 North Palm Beach, FL 33408 Full Service B&M $286,297
    Valley National Bank 1200 International Parkway South Heathrow, FL 32746 Full Service B&M $125,165
    Valley National Bank 1200 Preakness Avenue Wayne, NJ 7470 Full Service B&M $129,262
    Valley National Bank 1212 Avenue M Brooklyn, NY 11230 Full Service B&M $35,832
    Valley National Bank 128 Market Street Passaic, NJ 7055 Full Service B&M $27,908
    Valley National Bank 1301 N Tiamiami Trail Sarasota, FL 34236 Full Service B&M $0
    Valley National Bank 1328 Second Avenue New York, NY 10021 Full Service B&M $36,118
    Valley National Bank 1334 Route 22 And Rock Avenue North Plainfield, NJ 7060 Full Service B&M $135,483
    Valley National Bank 135 South Street Oyster Bay, NY 11771 Full Service B&M $93,730
    Valley National Bank 1372 Palisade Avenue Fort Lee, NJ 7024 Full Service B&M $171,416
    Valley National Bank 140 Markham Place Little Silver, NJ 7739 Full Service B&M $81,345
    Valley National Bank 1400 Valley Road Wayne, NJ 7470 Full Service B&M $3,494,890
    Valley National Bank 1421 Van Houten Ave Clifton, NJ 7013 Full Service B&M $190,573
    Valley National Bank 1422 Broad Street Bloomfield, NJ 7003 Full Service B&M $97,970
    Valley National Bank 1435 Pine Ridge Rd Naples, FL 34109 Full Service B&M $119,451
    Valley National Bank 1445 Route 23 South Wayne, NJ 7470 Full Service B&M $263,579
    Valley National Bank 147 Main Street Lodi, NJ 7644 Full Service B&M $56,237
    Valley National Bank 1481 Rt 23 S Butler, NJ 7405 Full Service B&M $127,880
    Valley National Bank 15 Roseland Avenue North Caldwell, NJ 7006 Full Service B&M $175,778
    Valley National Bank 1505 Avenue J Brooklyn, NY 11230 Full Service B&M $35,105
    Valley National Bank 151 Canal St New York, NY 10002 Full Service B&M $45,781
    Valley National Bank 151 Paris Avenue Northvale, NJ 7647 Full Service B&M $96,445
    Valley National Bank 152 Rt 94 Blairstown, NJ 7825 Full Service B&M $54,704
    Valley National Bank 1569 Third Avenue New York, NY 10128 Full Service B&M $33,058
    Valley National Bank 15801 Biscayne Boulevard North Miami Beach, FL 33162 Full Service B&M $102,071
    Valley National Bank 159 8th Avenue New York, NY 10011 Full Service B&M $24,634
    Valley National Bank 161 North Franklin Turnpike Ramsey, NJ 7446 Full Service B&M $327,158
    Valley National Bank 1617 Gulf-To-Bay Blvd Clearwater, FL 33755 Full Service B&M $526,801
    Valley National Bank 1633 Sheepshead Bay Road Brooklyn, NY 11235 Full Service B&M $74,924
    Valley National Bank 166 Morris Avenue Springfield, NJ 7081 Full Service B&M $102,676
    Valley National Bank 167 Bloomfield Avenue Newark, NJ 7104 Full Service B&M $95,806
    Valley National Bank 167 Fairfield Road Fairfield, NJ 7004 Full Service B&M $94,885
    Valley National Bank 1680 Fruitville Road Sarasota, FL 34236 Full Service B&M $349,202
    Valley National Bank 171 Browertown Road Little Falls, NJ 7424 Full Service B&M $90,094
    Valley National Bank 171 River Road Nutley, NJ 7110 Full Service B&M $119,434
    Valley National Bank 1717 Indian River Boulevard Vero Beach, FL 32960 Full Service B&M $95,239
    Valley National Bank 1720 Lee Road Winter Park, FL 32789 Full Service B&M $93,173
    Valley National Bank 1840 4th Street North Saint Petersburg, FL 33704 Full Service B&M $214,346
    Valley National Bank 185 E. Indiantown Road, Unit 101, 102 And 103 Jupiter, FL 33477 Full Service B&M $235,783
    Valley National Bank 1850 Old Moultrie Road Saint Augustine, FL 32086 Full Service B&M $84,027
    Valley National Bank 187 Columbia Turnpike Florham Park, NJ 7932 Full Service B&M $208,044
    Valley National Bank 19027-29 Biscayne Boulevard Aventura, FL 33180 Full Service B&M $104,989
    Valley National Bank 1904 First Avenue North Birmingham, AL 35203 Full Service B&M $36,712
    Valley National Bank 1921 S Dale Mabry Hwy Tampa, FL 33629 Full Service B&M $301,366
    Valley National Bank 1922 Westfield Avenue Scotch Plains, NJ 7076 Full Service B&M $87,121
    Valley National Bank 1930 Martin Street South Pell City, AL 35128 Full Service B&M $95,963
    Valley National Bank 1946 East Glenn Ave Auburn, AL 36830 Full Service B&M $67,091
    Valley National Bank 199 Moonachie Road Moonachie, NJ 7074 Full Service B&M $333,209
    Valley National Bank 2 Main Street Chester, NJ 7930 Full Service B&M $83,770
    Valley National Bank 20-24 Fair Lawn Avenue Fair Lawn, NJ 7410 Full Service B&M $210,284
    Valley National Bank 200 Black Oak Ridge Road Wayne, NJ 7470 Full Service B&M $176,771
    Valley National Bank 200 E. New England Avenue Winter Park, FL 32789 Full Service B&M $131,614
    Valley National Bank 2001 Bergenline Ave Union City, NJ 7087 Full Service B&M $41,083
    Valley National Bank 2028 East 7th Avenue Tampa, FL 33605 Full Service B&M $188,273
    Valley National Bank 2054 86th Street Brooklyn, NY 11214 Full Service B&M $68,289
    Valley National Bank 207-209 Hackensack St Wood Ridge, NJ 7075 Full Service B&M $80,859
    Valley National Bank 207-211 Brighton Beach Avenue Brooklyn, NY 11235 Full Service B&M $66,337
    Valley National Bank 2084 Lincoln Highway Route 27 Edison, NJ 8817 Full Service B&M $52,631
    Valley National Bank 210 Fieldstown Road Suite 142 Gardendale, AL 35071 Full Service B&M $47,832
    Valley National Bank 211 Main Street Passaic, NJ 7055 Full Service B&M $241,094
    Valley National Bank 2121 Ponce De Leon Blvd Miami, FL 33134 Full Service B&M $142,455
    Valley National Bank 2124 Route 35 Holmdel Township, NJ 7733 Full Service B&M $101,831
    Valley National Bank 2160 Lemonie Avenue Fort Lee, NJ 7024 Full Service B&M $126,239
    Valley National Bank 22 Bloomfield Avenue Belleville, NJ 7109 Full Service B&M $59,324
    Valley National Bank 236 Grand Ave Park Ridge, NJ 7656 Full Service B&M $91,228
    Valley National Bank 237 Washington Avenue Belleville, NJ 7109 Full Service B&M $68,690
    Valley National Bank 24 Broadway Hillsdale, NJ 7642 Full Service B&M $259,510
    Valley National Bank 24 South Kinderkamack Road Montvale, NJ 7645 Full Service B&M $146,975
    Valley National Bank 250 Route 10 Succasunna, NJ 7876 Full Service B&M $193,026
    Valley National Bank 2571 Countryside Blvd Clearwater, FL 33761 Full Service B&M $170,127
    Valley National Bank 27 Kinderkamack Rd Emerson, NJ 7630 Full Service B&M $83,209
    Valley National Bank 27 Smith Street Farmingdale, NY 11735 Full Service B&M $65,869
    Valley National Bank 2740 Zelda Road Montgomery, AL 36106 Full Service B&M $185,051
    Valley National Bank 2781 West Bay Drive Belleair Bluffs, FL 33770 Full Service B&M $122,194
    Valley National Bank 2784 Morris Avenue Union, NJ 7083 Full Service B&M $179,385
    Valley National Bank 2818 Route 27 North Brunswick, NJ 8902 Full Service B&M $27,240
    Valley National Bank 284 Boulevard Hasbrouck Heights, NJ 7604 Full Service B&M $84,718
    Valley National Bank 289 Ferry Street Newark, NJ 7104 Full Service B&M $104,573
    Valley National Bank 2902 Avenue U Brooklyn, NY 11229 Full Service B&M $57,313
    Valley National Bank 295 Fifth Avenue New York City, NY 10016 Full Service B&M $164,997
    Valley National Bank 30 Sheridan Ave Ho Ho Kus, NJ 7423 Full Service B&M $97,843
    Valley National Bank 301 East Las Olas Blvd Fort Lauderdale, FL 33301 Full Service B&M $409,754
    Valley National Bank 301 Shore Drive Highlands, NJ 7732 Full Service B&M $56,951
    Valley National Bank 307 Evernia Street West Palm Beach, FL 33401 Full Service Retail $184,217
    Valley National Bank 31 Beaverbrook Road Lincoln Park, NJ 7035 Full Service B&M $94,317
    Valley National Bank 31-00 Broadway Fair Lawn, NJ 7410 Full Service B&M $62,110
    Valley National Bank 311 Fairview Ave Fairview, NJ 7022 Full Service B&M $69,652
    Valley National Bank 311 Marin Boulevard Jersey City, NJ 7302 Full Service B&M $49,463
    Valley National Bank 323 Route 206 Hillsborough, NJ 8844 Full Service B&M $110,784
    Valley National Bank 325 Palisade Avenue Bogota, NJ 7603 Full Service B&M $292,416
    Valley National Bank 335 South County Road Palm Beach, FL 33480 Full Service B&M $62,698
    Valley National Bank 339 Nassau Boulevard Garden City South, NY 11530 Full Service B&M $82,489
    Valley National Bank 1 Passaic Avenue Fairfield, NJ 7006 Full Service B&M $80,492
    Valley National Bank 342 Route Us 46 Budd Lake, NJ 7828 Full Service B&M $99,988
    Valley National Bank 348 Central Ave Jersey City, NJ 7307 Full Service B&M $34,687
    Valley National Bank 3495 Route 9 Freehold, NJ 7728 Full Service B&M $54,332
    Valley National Bank 350 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $99,717
    Valley National Bank 350 Park Ave New York, NY 10022 Full Service B&M $26,093
    Valley National Bank 350 Ramapo Valley Road Oakland, NJ 7436 Full Service B&M $91,805
    Valley National Bank 356 Franklin Avenue Wyckoff, NJ 7481 Full Service B&M $114,683
    Valley National Bank 370 Pascack Rd, Po Box 1329 Township Of Washington, NJ 7676 Full Service B&M $365,463
    Valley National Bank 3702 West Bearss Avenue Tampa, FL 33618 Full Service B&M $267,290
    Valley National Bank 371 Franklin Avenue Nutley, NJ 7110 Full Service B&M $223,945
    Valley National Bank 3740 Highway 14 At Highway 143 Millbrook, AL 36054 Full Service B&M $33,498
    Valley National Bank 375 Main Street Chatham, NJ 7928 Full Service B&M $71,225
    Valley National Bank 381-383 Franklin Avenue Belleville, NJ 7109 Full Service B&M $230,856
    Valley National Bank 391 North Broadnax Street Dadeville, AL 36853 Full Service B&M $80,710
    Valley National Bank 40 Meadowland Parkway Secaucus, NJ 7094 Full Service B&M $83,706
    Valley National Bank 405 N West Shore Blvd Tampa, FL 33609 Full Service B&M $301,698
    Valley National Bank 405 Rochelle Avenue Rochelle Park, NJ 7662 Full Service B&M $112,476
    Valley National Bank 41 Front Street Rockville Centre, NY 11570 Full Service B&M $167,739
    Valley National Bank 410 Route 94, Willow Road Fredon, NJ 7860 Full Service B&M $88,849
    Valley National Bank 416 Main Street Keyport, NJ 7735 Full Service B&M $67,033
    Valley National Bank 4250 Veterans Memorial Highway Holbrook, NY 11741 Full Service B&M $147,382
    Valley National Bank 427 South Florida Avenue Lakeland, FL 33801 Full Service B&M $49,556
    Valley National Bank 433 Harrison Avenue Harrison, NJ 7029 Full Service B&M $151,772
    Valley National Bank 4405-09 Bergenline Avenue Union City, NJ 7087 Full Service B&M $165,259
    Valley National Bank 450 Broadway New York, NY 10013 Full Service B&M $146,724
    Valley National Bank 450 South Orange Avenue Orlando, FL 32801 Full Service B&M $260,308
    Valley National Bank 4501 13th Ave Brooklyn, NY 11219 Full Service B&M $58,898
    Valley National Bank 456 Valley Brook Road Lyndhurst, NJ 7071 Full Service B&M $82,849
    Valley National Bank 460 Chamberlain Ave Paterson, NJ 7522 Full Service B&M $91,643
    Valley National Bank 4643 Highway 280 Alexander City, AL 35010 Full Service B&M $203,897
    Valley National Bank 465 Broad Street Shrewsbury, NJ 7702 Full Service B&M $218,125
    Valley National Bank 466 West Union Avenue Bound Brook, NJ 8805 Full Service B&M $100,120
    Valley National Bank 4790 140th Avenue N Clearwater, FL 33762 Limited, Administrative $0
    Valley National Bank 4790 140th Avenue N. Clearwater, FL 33762 Limited, Administrative $0
    Valley National Bank 491 Pompton Avenue Cedar Grove, NJ 7009 Full Service B&M $139,183
    Valley National Bank 5 Sicomac Road North Haledon, NJ 7508 Full Service B&M $130,393
    Valley National Bank 50 Jimmy Gould Alabaster, AL 35007 Full Service B&M $48,080
    Valley National Bank 500 Bibb Street Montgomery, AL 36104 Full Service B&M $208,203
    Valley National Bank 501 North Broadway Jericho, NY 11753 Full Service B&M $154,322
    Valley National Bank 501 Stelton Road Piscataway, NJ 8854 Full Service B&M $45,417
    Valley National Bank 505 Allwood Road Clifton, NJ 7012 Full Service B&M $177,594
    Valley National Bank 51 Gibraltar Drive Morris Plains, NJ 7950 Full Service B&M $184,638
    Valley National Bank 516 Wanaque Avenue Pompton Lakes, NJ 7442 Full Service B&M $130,891
    Valley National Bank 522 Broadway Bayonne, NJ 7002 Full Service B&M $70,646
    Valley National Bank 5220 Summerlin Commons Boulevard Fort Myers, FL 33919 Full Service B&M $107,902
    Valley National Bank 5236 U.S. Highway 231 Wetumpka, AL 36092 Full Service B&M $39,141
    Valley National Bank 535 Getty Avenue Clifton, NJ 7011 Full Service B&M $157,637
    Valley National Bank 538 Route 515 Vernon, NJ 7462 Full Service B&M $86,682
    Valley National Bank 54 Whippany Road Whippany, NJ 7981 Full Service B&M $88,217
    Valley National Bank 540 Cr 519, Suite 9 Belvidere, NJ 7823 Full Service B&M $70,106
    Valley National Bank 540 Rahway Avenue Woodbridge, NJ 7095 Full Service B&M $47,136
    Valley National Bank 5400 Atlanta Highway Montgomery, AL 36109 Full Service B&M $76,962
    Valley National Bank 55 Union Boulevard Totowa, NJ 7512 Full Service B&M $200,298
    Valley National Bank 580 East Jericho Tpke Huntington Township, NY 11746 Full Service B&M $66,866
    Valley National Bank 6 Bloomfield Avenue Denville, NJ 7834 Full Service B&M $78,957
    Valley National Bank 604 Valley Road Upper Montclair, NJ 7043 Full Service B&M $72,790
    Valley National Bank 6117 18th Avenue Brooklyn, NY 11204 Full Service B&M $40,301
    Valley National Bank 615 Main Avenue Passaic, NJ 7055 Full Service B&M $277,220
    Valley National Bank 629 Ridge Road North Arlington, NJ 7031 Full Service B&M $88,123
    Valley National Bank 637 Eagle Rock Avenue West Orange, NJ 7052 Full Service B&M $32,361
    Valley National Bank 6401 Grand Avenue Maspeth, NY 11378 Full Service B&M $31,607
    Valley National Bank 668 Oakfield Drive Brandon, FL 33511 Full Service B&M $259,998
    Valley National Bank 67 Franklin Turnpike Waldwick, NJ 7463 Full Service B&M $84,738
    Valley National Bank 670 Westwood Avenue River Vale, NJ 7675 Full Service B&M $71,965
    Valley National Bank 672 Somerset Street, Suite 676 North Plainfield, NJ 7060 Full Service B&M $63,472
    Valley National Bank 69-20 80th Street Middle Village, NY 11379 Full Service B&M $81,790
    Valley National Bank 699 Hillside Avenue New Hyde Park, NY 11040 Full Service B&M $265,534
    Valley National Bank 7 Woodport Road Sparta, NJ 7871 Full Service B&M $102,109
    Valley National Bank 710 East Tarpon Avenue Tarpon Springs, FL 34689 Full Service B&M $140,586
    Valley National Bank 715 Route 15 South Lake Hopatcong, NJ 7849 Full Service B&M $65,565
    Valley National Bank 72-80 Midland Avenue Kearny, NJ 7032 Full Service B&M $184,368
    Valley National Bank 7225 Broadway North Bergen, NJ 7047 Full Service B&M $35,730
    Valley National Bank 73 South Livingston Avenue Livingston, NJ 7039 Full Service B&M $457,021
    Valley National Bank 732 Anderson Avenue Cliffside Park, NJ 7010 Full Service B&M $126,968
    Valley National Bank 74 West 47th Street New York, NY 10036 Full Service B&M $286,514
    Valley National Bank 740 Veterans Memorial Highway Hauppauge, NY 11788 Full Service B&M $140,442
    Valley National Bank 76-09 Main Street Kew Gardens Hills, NY 11367 Full Service B&M $53,286
    Valley National Bank 760 Highway 35 Middletown, NJ 7748 Full Service B&M $71,530
    Valley National Bank 7625 Sandlake Road Orlando, FL 32819 Full Service B&M $65,088
    Valley National Bank 7726 Third Avenue Brooklyn, NY 11209 Full Service B&M $63,783
    Valley National Bank 777 West Park Avenue Oakhurst, NJ 7755 Full Service B&M $82,427
    Valley National Bank 7911 Vaughn Road Montgomery, AL 36116 Full Service B&M $50,610
    Valley National Bank 7996 Mediterranean Dr Estero, FL 33928 Full Service B&M $21,973
    Valley National Bank 80 Broadway Elmwood Park, NJ 7407 Full Service B&M $180,890
    Valley National Bank 80 East Ridgewood Avenue Paramus, NJ 7652 Full Service B&M $215,017
    Valley National Bank 80 West Street Englewood, NJ 7631 Full Service B&M $104,844
    Valley National Bank 800 Route 46 Parsippany, NJ 7054 Full Service B&M $309,519
    Valley National Bank 801 Central Avenue Westfield, NJ 7090 Full Service B&M $92,630
    Valley National Bank 801 Tennent Road Manalapan, NJ 7726 Full Service B&M $91,162
    Valley National Bank 8484 Nw 36 Street Miami, FL 33166 Full Service B&M $44,135
    Valley National Bank 85 County Road Tenafly, NJ 7670 Full Service B&M $211,173
    Valley National Bank 868 Broad Avenue Ridgefield, NJ 7657 Full Service B&M $315,154
    Valley National Bank 882 Mountain Avenue Mountainside, NJ 7092 Full Service B&M $73,113
    Valley National Bank 900 River Rd New Milford, NJ 7646 Full Service B&M $89,879
    Valley National Bank 9160 Bonita Beach Road Bonita Springs, FL 34135 Full Service B&M $124,136
    Valley National Bank 92 Euclid Avenue Birmingham, AL 35213 Full Service B&M $57,345
    Valley National Bank 924 Broadway New York, NY 10010 Full Service B&M $533,536
    Valley National Bank 925 Allwood Road Clifton, NJ 7012 Full Service B&M $496,661
    Valley National Bank 94 North Main Street Milltown, NJ 8850 Full Service B&M $66,304
    Valley National Bank 94-05 63rd Drive Rego Park, NY 11374 Full Service B&M $94,520
    Valley National Bank 960 Port Washington Blvd. Port Washington, NY 11050 Full Service B&M $84,875
    Valley National Bank 98 Westwood Ave Westwood, NJ 7675 Full Service B&M $48,426
    Valley National Bank Depot Plaza, 142 Maplewood Avenue Maplewood, NJ 7040 Full Service B&M $118,914
    Valley National Bank New Independence Pkwy & Hamlin Groves Trl Winter Garden, FL 34787 Full Service B&M $16,079
    Valley National Bank One North Federal Highway Boca Raton, FL 33432 Full Service B&M $291,358
    Valley National Bank One Sw 129th Avenue Suite 100 Pembroke Pines, FL 33027 Full Service B&M $75,802

    For 2021, Valley National Bank had 228 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,334,213
    Net interest income $1,233,588
    Total noninterest income $152,681
    Gross Fiduciary activities income $2,176
    Service charges on deposit accounts $19,443
    Trading account gains and fees $1,223
    Additional Noninterest Income $129,839
    Pre-tax net operating income $667,108
    Securities gains (or losses, -) $545
    Income before extraordinary items $491,305
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $491,305
    Minority interest net income $-40
    Net income $491,345
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $490,874

    Valley National Bank's gross interest income from loans was $1,334,213,000.
    Valley National Bank's net interest income from loans was $1,233,588,000.
    Valley National Bank's fee based income from loans was $19,443,000.
    Valley National Bank's net income from loans was $491,345,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $100,625
    Provision for credit losses $27,244
    Total noninterest expense $691,917
    Salaries and employee benefits $375,107
    Premises and equipment expense $132,016
    Additional noninterest expense $184,794
    Applicable income taxes $176,348
    Net charge-offs $15,090
    Cash dividends $150,000

    Valley National Bank's interest expense for loans was $100,625,000.
    Valley National Bank's payroll and benefits expense were $375,107,000.
    Valley National Bank's property, plant and equipment expenses $132,016,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $35,710,172
    Deposits held in domestic offices $35,710,172
    Deposits by Individuals, partnerships, and corporations $32,298,004
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,402,579
    Deposits by Commercial banks and other depository institutions in U.S. $9,589
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $3,148,112
    Demand deposits $1,976,193
    Nontransaction accounts $32,562,060
    Money market deposit accounts (MMDAs) $15,527,664
    Other savings deposits (excluding MMDAs) $13,377,372
    Total time deposits $3,657,024
    Total time and savings deposits $33,733,979
    Noninterest-bearing deposits $11,753,508
    Interest-bearing deposits $23,956,664
    Retail deposits $33,462,869
    IRAs and Keogh plan accounts $988,739
    Brokered deposits $1,377,976
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $43,424,817
    Cash & Balances due from depository institutions $2,049,174
    Interest-bearing balances $1,844,514
    Total securities $3,826,679
    Federal funds sold & reverse repurchase $0
    Net loans and leases $33,933,971
    Loan and leases loss allowance $359,202
    Trading account assets $221,542
    Bank premises and fixed assets $584,590
    Other real estate owned $2,259
    Goodwill and other intangibles $1,521,240
    All other assets $1,285,362

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $43,424,817
    Total Liabilities $37,665,704
    Total deposits $35,710,172
    Interest-bearing deposits $23,956,664
    Deposits held in domestic offices $35,710,172
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $155,726
    Trading liabilities $48,258
    Other borrowed funds $1,289,800
    Subordinated debt $0
    All other liabilities $461,748

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $33,933,971
    Loan and leases loss allowance $359,202
    Total loans and leases (domestic) $34,293,173
    All real estate loans $25,875,425
    Real estate loans in domestic offices $25,875,425
    Construction and development loans $1,854,580
    Residential 1-4 family construction $289,951
    Other construction, all land development and other land $1,564,629
    Loans secured by nonfarm nonresidential properties $13,781,209
    Nonfarm nonresidential secured by owner-occupied properties $3,558,994
    Commercial real estate & other non-farm, non-residential $10,222,215
    Multifamily residential real estate $5,147,037
    1-4 family residential loans $5,085,359
    Farmland loans $7,240
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,129,274
    To non-U.S. addressees $5,221
    Loans to individuals $2,387,109
    Credit card loans $12,843
    Related Plans $974,883
    Consumer Auto Loans $1,386,948
    Other loans to individuals $12,435
    All other loans & leases $901,365
    Loans to foreign governments and official institutions $0
    Other loans $146,022
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $280,622
    Loans secured by real estate to non-U.S. addressees $3,140
    Restructured Loans & leases $89,853
    Non 1-4 family restructured loans & leases $72,729
    Total loans and leases (foreign) $0

    Valley National Bank had $33,933,971,000 of loans outstanding in 2021. $25,875,425,000 of loans were in real estate loans. $1,854,580,000 of loans were in development loans. $5,147,037,000 of loans were in multifamily mortgage loans. $5,085,359,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $12,843,000 of loans were in credit card loans. $1,386,948,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2,879 $1,030,321 $357,875
    Nonfarm, nonresidential loans - <$100k 133 $4,516 $33,955
    Nonfarm, nonresidential loans - $100-250k 511 $61,076 $119,523
    Nonfarm, nonresidential loans - $250k-1MM 2,235 $964,729 $431,646
    Commercial & Industrial, US addressed loans - <$1MM 15,145 $963,936 $63,647
    Commercial & Industrial, US addressed loans - <$100k 11,188 $265,296 $23,713
    Commercial & Industrial, US addressed loans - $100-250k 1,557 $136,982 $87,978
    Commercial & Industrial, US addressed loans - $250k-1MM 2,400 $561,658 $234,024
    Farmland loans - <$1MM 5 $732 $146,400
    Farmland loans - <$100k 2 $28 $14,000
    Farmland loans - $100-250k 2 $345 $172,500
    Farmland loans - $250k-1MM 1 $359 $359,000