SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2020

SEGMENT REPORTING

Summary of reportable segments

	Three Months Ended June 30, 2020
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income (expense)	$	29,139	$	739	$	(431)	$	—	$	29,447
Provision for loan losses		10,004		—		—		—		10,004
Net interest and dividend income (loss), after provision for loan losses		19,135		739		(431)		—		19,443
Mortgage banking income:
Gain on sale of mortgage loans		—		30,862		—		—		30,862
Intersegment gain (loss)		(1,399)		1,399		—		—		—
Changes in mortgage servicing rights fair value		(490)		(621)		—		—		(1,111)
Other		346		3,764		—		—		4,110
Total mortgage banking income (loss)		(1,543)		35,404		—		—		33,861
Other noninterest income (loss)		4,788		(11)		—		—		4,777
Total noninterest income		3,245		35,393		—		—		38,638
Noninterest expense		25,218		18,273		347		—		43,838
Income (loss) before income taxes		(2,838)		17,859		(778)		—		14,243
Provision (benefit) for income taxes		27		3,878		(237)		—		3,668
Net income (loss)	$	(2,865)	$	13,981	$	(541)	$	—	$	10,575

	Six Months Ended June 30, 2020
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income (expense)	$	55,649	$	1,020	$	(522)	$	—	$	56,147
Provision for loan losses		13,753		—		—		—		13,753
Net interest and dividend income (loss), after provision for loan losses		41,896		1,020		(522)		—		42,394
Mortgage banking income:
Gain on sale of mortgage loans		—		43,140		—		—		43,140
Intersegment gain (loss)		(1,799)		1,799		—		—		—
Changes in mortgage servicing rights fair value		(1,660)		(3,838)		—		—		(5,498)
Other		697		5,984		—		—		6,681
Total mortgage banking income (loss)		(2,762)		47,085		—		—		44,323
Other noninterest income (loss)		13,314		(133)		—		—		13,181
Total noninterest income		10,552		46,952		—		—		57,504
Noninterest expense		49,506		29,079		641		—		79,226
Income (loss) before income taxes		2,942		18,893		(1,163)		—		20,672
Provision (benefit) for income taxes		1,628		4,117		(372)		—		5,373
Net income (loss)	$	1,314	$	14,776	$	(791)	$	—	$	15,299
Total assets at period end	$	4,451,114	$	233,138	$	721,153	$	(940,499)	$	4,464,906
Goodwill at period end	$	59,042	$	10,760	$	—	$	—	$	69,802

	Three Months Ended June 30, 2019
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income	$	27,022	$	210	$	(519)	$	—	$	26,713
Provision for loan losses		1,750		—		—		—		1,750
Net interest and dividend income, after provision for loan losses		25,272		210		(519)		—		24,963
Mortgage banking income:
Gain on sale of mortgage loans		1		8,428		—		—		8,429
Intersegment gain (loss)		(314)		314		—		—		—
Changes in mortgage servicing rights fair value		(438)		(1,803)		—		—		(2,241)
Other		377		2,090		—		—		2,467
Total mortgage banking income		(374)		9,029		—		—		8,655
Other noninterest income		7,067		(4)		—		—		7,063
Total noninterest income		6,693		9,025		—		—		15,718
Noninterest expense		25,257		8,917		907		—		35,081
Income (loss) before income taxes		6,708		318		(1,426)		—		5,600
Provision (benefit) for income taxes		802		418		(401)		—		819
Net income (loss)	$	5,906	$	(100)	$	(1,025)	$	—	$	4,781

	Six Months Ended June 30, 2019
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income (expense)	$	53,441	$	319	$	(1,017)	$	—	$	52,743
Provision for loan losses		2,607		—		—		—		2,607
Net interest and dividend income (loss), after provision for loan losses		50,834		319		(1,017)		—		50,136
Mortgage banking income:
Gain on sale of mortgage loans		1		13,071		—		—		13,072
Intersegment gain (loss)		(473)		473		—		—		—
Changes in mortgage servicing rights fair value		(1,008)		(3,384)		—		—		(4,392)
Other		758		3,719		—		—		4,477
Total mortgage banking income (loss)		(722)		13,879		—		—		13,157
Other noninterest income (loss)		12,419		(16)		—		—		12,403
Total noninterest income		11,697		13,863		—		—		25,560
Noninterest expense		50,122		16,269		1,282		—		67,673
Income (loss) before income taxes		12,409		(2,087)		(2,299)		—		8,023
Provision (benefit) for income taxes		2,248		(427)		(646)		—		1,175
Net income (loss)	$	10,161	$	(1,660)	$	(1,653)	$	—	$	6,848
Total assets at period end	$	3,736,515	$	144,935	$	405,776	$	(549,802)	$	3,737,424
Goodwill at period end	$	58,875	$	10,760	$	—	$	—	$	69,635