SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2022

SEGMENT REPORTING

Summary of reportable segments

	Three Months Ended September 30, 2022
	HarborOne		HarborOne
	Bank		Mortgage		Consolidated
	(in thousands)
Net interest and dividend income	$	39,373	$	437	$	39,332
Provision for credit losses		668		—		668
Net interest and dividend income, after provision for credit losses		38,705		437		38,664
Mortgage banking income:
Gain on sale of mortgage loans		—		3,809		3,809
Intersegment gain (loss)		(904)		698		—
Changes in mortgage servicing rights fair value		164		1,652		1,816
Other		218		2,235		2,453
Total mortgage banking income (loss)		(522)		8,394		8,078
Other noninterest income (loss)		6,180		(13)		6,167
Total noninterest income		5,658		8,381		14,245
Noninterest expense		27,707		6,610		34,473
Income before income taxes		16,656		2,208		18,436
Provision for income taxes		4,166		687		4,678
Net income	$	12,490	$	1,521	$	13,758

	Nine Months Ended September 30, 2022
	HarborOne		HarborOne
	Bank		Mortgage		Consolidated
	(in thousands)
Net interest and dividend income	$	110,043	$	1,198	$	109,797
Provision for credit losses		3,552		—		3,552
Net interest and dividend income, after provision for credit losses		106,491		1,198		106,245
Mortgage banking income:
Gain on sale of mortgage loans		—		13,669		13,669
Intersegment gain (loss)		(2,607)		2,632		—
Changes in mortgage servicing rights fair value		881		7,082		7,963
Other		670		6,953		7,623
Total mortgage banking income (loss)		(1,056)		30,336		29,255
Other noninterest income		18,151		3		18,154
Total noninterest income		17,095		30,339		47,409
Noninterest expense		81,663		21,613		104,262
Income before income taxes		41,923		9,924		49,392
Provision for income taxes		11,273		2,777		13,380
Net income	$	30,650	$	7,147	$	36,012
Total assets at period end	$	5,000,963	$	132,431	$	4,987,643
Goodwill at period end	$	59,042	$	10,760	$	69,802

	Three Months Ended September 30, 2021
	HarborOne		HarborOne
	Bank		Mortgage		Consolidated
	(in thousands)
Net interest and dividend income	$	32,494	$	792	$	32,803
Provision (benefit) for credit losses		(1,627)		—		(1,627)
Net interest and dividend income, after provision (benefit) for credit losses		34,121		792		34,430
Mortgage banking income:
Gain on sale of mortgage loans		—		12,756		12,756
Intersegment gain (loss)		(1,373)		2,366		—
Changes in mortgage servicing rights fair value		(74)		(918)		(992)
Other		263		3,619		3,882
Total mortgage banking income (loss)		(1,184)		17,823		15,646
Other noninterest income		6,339		25		6,364
Total noninterest income		5,155		17,848		22,010
Noninterest expense		26,570		12,387		39,274
Income before income taxes		12,706		6,253		17,166
Provision for income taxes		3,575		1,559		4,907
Net income	$	9,131	$	4,694	$	12,259

	Nine Months Ended September 30, 2021
	HarborOne		HarborOne
	Bank		Mortgage		Consolidated
	(in thousands)
Net interest and dividend income	$	95,876	$	2,897	$	97,385
Provision (benefit) for credit losses		(5,822)		—		(5,822)
Net interest and dividend income, after provision (benefit) for credit losses		101,698		2,897		103,207
Mortgage banking income:
Gain on sale of mortgage loans		—		51,820		51,820
Intersegment gain (loss)		(2,945)		3,938		—
Changes in mortgage servicing rights fair value		(207)		72		(135)
Other		839		11,633		12,472
Total mortgage banking income (loss)		(2,313)		67,463		64,157
Other noninterest income		17,328		37		17,365
Total noninterest income		15,015		67,500		81,522
Noninterest expense		75,161		44,545		120,674
Income before income taxes		41,552		25,852		64,055
Provision for income taxes		11,873		6,905		18,128
Net income	$	29,679	$	18,947	$	45,927
Total assets at period end	$	4,575,798	$	208,888	$	4,567,094
Goodwill at period end	$	59,042	$	10,760	$	69,802