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  <xsd:element id="ovly_DebtSecuritiesAvailableforsaleGainLossFromCalls" name="DebtSecuritiesAvailableforsaleGainLossFromCalls" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
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  <xsd:element id="ovly_IncreaseDecreaseInSavingsAndDemandDeposits" name="IncreaseDecreaseInSavingsAndDemandDeposits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
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  <xsd:element id="ovly_IndividualEvaluatedLoansMeasurementInput" name="IndividualEvaluatedLoansMeasurementInput" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant"/>
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  <xsd:element id="ovly_InterestPayableFairValueDisclosure" name="InterestPayableFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
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  <xsd:element id="ovly_MeasurementInputCombinationOfAppraisalsInternallyDeterminedAdjustmentsToLoanValueAndCustomizedDiscountsMember" name="MeasurementInputCombinationOfAppraisalsInternallyDeterminedAdjustmentsToLoanValueAndCustomizedDiscountsMember" nillable="true" substitutionGroup="xbrli:item" type="dtr-types:domainItemType" xbrli:periodType="duration"/>
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  <xsd:element id="ovly_NumberOfDebtSecuritiesAvailableforsaleSold" name="NumberOfDebtSecuritiesAvailableforsaleSold" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration"/>
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  <xsd:element abstract="true" id="ovly_statement-statement-note-5-financial-instruments-and-fair-value-measurements-schedule-of-recurring-and-nonrecurring-assets-and-liabilities-details" name="statement-statement-note-5-financial-instruments-and-fair-value-measurements-schedule-of-recurring-and-nonrecurring-assets-and-liabilities-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="ovly_statement-statement-note-5-financial-instruments-and-fair-value-measurements-schedule-of-recurring-and-nonrecurring-assets-and-liabilities-detailsCC303497-4265-40EF-B79E-8C801E8B9614" name="statement-statement-note-5-financial-instruments-and-fair-value-measurements-schedule-of-recurring-and-nonrecurring-assets-and-liabilities-detailsCC303497-4265-40EF-B79E-8C801E8B9614" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="ovly_statement-statement-note-5-financial-instruments-and-fair-value-measurements-tables" name="statement-statement-note-5-financial-instruments-and-fair-value-measurements-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="ovly_statement-statement-note-6-earnings-per-share-earnings-per-share-details" name="statement-statement-note-6-earnings-per-share-earnings-per-share-details" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
  <xsd:element abstract="true" id="ovly_statement-statement-note-6-earnings-per-share-tables" name="statement-statement-note-6-earnings-per-share-tables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
</xsd:schema>
