OVLY — what changed in the latest 10-Q
A section-by-section comparison of OVLY's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −22 | ~32 | 32 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
Non-interest income decreased by $38,000 for the three-month period, and increased by $301,000 for the six-month period ended June 30, 2026, as compared to the same periods in 2025. The quarter-to-date decrease was related to a market value adjustment on a limited partnership equity investment and t…
Due to the current interest rate environment, the Bank has experienced a modest increase in the average interest rate paid on deposit accounts as it continues to competitively price deposits to meet customer demand, maintain deposit relationships, and support liquidity. The Company’s average cost of…
(1) Loan fees have been included in the calculation of interest income.
(2) Yields and interest income on municipal securities and loans have been adjusted to their fully-taxable equivalents, based on a federal marginal tax rate of 21.0%. Non-GAAP tax benefit adjustments of $35 thousand and $1.05 million have been added to GAAP interest income on gross loans and investm…
(3) Represents the average rate earned on interest-earning assets less the average rate paid on interest-bearing liabilities.
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Non-interest income increased by $339,000 for the three-month period ended March 31, 2026, as compared to the same period in 2025. The increase was mainly due to a non-recurring special dividend of $181,000 received from the Federal Home Loan Bank.
The FOMC rate cuts during 2024 and 2025 totaled 150 basis points, which prompted the Company to reduce the interest rates on certain deposit accounts towards the end of 2024 and into 2025. The resulting average cost of funds was 0.78% for the three-months ended March 31, 2026, as compared to 0.79% i…
Shown in the following table is the relative impact on net interest income of changes in the average outstanding balances (volume) of earning assets and interest-bearing liabilities and the rates earned and paid by the Company on those assets and liabilities for the three-month periods ended March 3…
During the three-month period ended March 31, 2026, the Company recorded a provision for credit losses of $464,000, consisting of a provision for loan losses of $539,000 and a reversal of provisions for off balance sheet items of $75,000. During the three-month period ended March 31, 2025, the Compa…
Service charges on deposits decreased by $6,000 for the three-months ended March 31, 2026, compared to the same period in 2025. The decrease was mainly due to a reduction in overdraft fee income despite the growth in demand deposit accounts.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice