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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

The following table presents information regarding our executive compensation pay relative to corporate performance of our principal executive officer (“PEO”), Mr. Courtney, and non‐PEO named executive officers (“Non-PEO NEOs”) for 2022, 2023 and 2024.

 

Pay Versus Performance

  

Year

  

Summary

Compensation

Table Total For

PEO
($)

    

Compensation

Actually Paid to

PEO
($)

    

Average

Summary

Compensation

Table Total For

non-PEO Named Executive

Officers (1) ($)

    

Average

Compensation

Actually Paid to

non-PEO Named Executive

Officers (1) (2)

($)

    

Value of Initial

Fixed $100

Investment Based

on Total

Shareholder

Return (3) ($)

    

Net Income
($)

  

(a)

  

(b)

    

(c)

    

(d)

    

(e)

    

(f)

    

(g)

  

2022

     828,876       890,034       548,404       579,639       132.27       22,902,000  

2023

     908,283       996,245       617,988       662,493       176.97       30,848,000  

2024

     980,578       975,544       681,485       691,909       175.87       24,948,000  

____________________________

1.

The Non-PEO named executive officers for each applicable year include the following individuals: Richard A. McCarty and Michael J. Rodrigues.

2.

The dollar amounts reported represent the “compensation actually paid”, or “CAP”, to the PEO and the Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or the Non-PEO NEOs, respectively, during the applicable year. To calculate CAP for the PEO and average CAP for the Non-PEO NEOs, the following amounts were deducted from and added to Summary Compensation Table total compensation:
   
PEO Total Compensation Amount $ 980,578 $ 908,283 $ 828,876
PEO Actually Paid Compensation Amount $ 975,544 996,245 890,034
Adjustment To PEO Compensation, Footnote

PEO SCT Total to CAP Reconciliation

  

Year

  

SCT-PEO
($)

    

Fair Value of

Equity Awards

Granted in the

Year
($)

    

Fair Value of

Equity

Awards

Granted in the

Year at year-

end
($)

    

Change during fiscal year in Fair Value of Outstanding

Unvested Equity

Awards Granted in

Prior Years
($)

    

Change in Fair

Value from Prior

Year-end to Vesting

Date of Equity

Awards Granted in

Prior Years that

Vested in the Year
($)

    

CAP
($)

  

2022

     828,876       (83,600 )     99,660       40,378       4,720       890,034  

2023

     908,283       (101,633 )     111,294       60,291       18,010       996,245  

2024

     980,578       (109,406 )     132,620       (5,596 )     (22,652 )     975,544  

 

    
Non-PEO NEO Average Total Compensation Amount $ 681,485 617,988 548,404
Non-PEO NEO Average Compensation Actually Paid Amount $ 691,909 662,493 579,639
Adjustment to Non-PEO NEO Compensation Footnote

Average Non-PEO NEOs SCT Total to CAP Reconciliation

  

Year

  

SCT-NEO
($)

    

Fair Value of

Equity Awards

Granted in the

Year
($)

    

Fair Value of

Equity

Awards

Granted in the

Year at year

end
($)

    

Change during fiscal year in Fair Value of Outstanding

Unvested Equity

Awards Granted in

Prior Years
($)

    

Change in Fair

Value from Prior

Year-end to Vesting

Date of Equity

Awards Granted in

Prior Years that

Vested in the Year
($)

    

CAP
($)

  

2022

     548,404       (40,670 )     48,482       20,966       2,457       579,639  

2023

     617,988       (50,789 )     55,617       30,456       9,221       662,493  

2024

     681,485       (116,584 )     141,321       (2,805 )     (11,508 )     691,909  

 

3.

Represents the cumulative three-year total return to shareholders of our common stock and assumes that the value of the investment was $100 on December 31, 2021, and that the subsequent dividends were reinvested. The stock price performance included in this column is not necessarily indicative of future stock price performance.

 

 

    
Compensation Actually Paid vs. Total Shareholder Return

The following graphs show the relationship between the compensation actually paid to our PEO and the average of the compensation actually paid to our other named executive officers to our total shareholder and net income over three most recently completed fiscal years.

 

ovly20250425_def14aimg002.jpg

 

 

 

    
Compensation Actually Paid vs. Net Income

ovly20250425_def14aimg003.jpg

 

 

    
Total Shareholder Return Amount $ 175.87 176.97 132.27
Net Income (Loss) 24,948,000 30,848,000 22,902,000
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 132,620 111,294 99,660
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (5,596) 60,291 40,378
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (109,406) (101,633) (83,600)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (22,652) 18,010 4,720
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 141,321 55,617 48,482
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (2,805) 30,456 20,966
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (116,584) (50,789) (40,670)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (11,508) $ 9,221 $ 2,457