excessively; too: a voyage not overly dangerous.

before 1050; Middle English; Old English oferlīce. See over, -ly

needlessy, immoderately, inordinately.
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overly (ˈəʊvəlɪ)
too; excessively

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

"excessively," O.E. oferlice (see over).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
As uplifting as this appraisal may have been, subsequent events would soon show
  that it was overly optimistic.
The herders are not overly sensitive, but to the degree that one can care for a
  wild animal, they do.
But they were calm-and somewhat curious, though not overly so.
Comfort is high and it fits snugly but is not overly tight.
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