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MINIMUM REGULATORY CAPITAL REQUIREMENTS

3 Months Ended

Mar. 31, 2025

MINIMUM REGULATORY CAPITAL REQUIREMENTS

12.MINIMUM REGULATORY CAPITAL REQUIREMENTS

The Company and the Bank are subject to various regulatory capital requirements administered by the Federal Reserve and the FDIC. Failure to meet minimum capital requirements can result in mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s unaudited Consolidated Financial Statements.

Under the capital rules, risk-based capital ratios are calculated by dividing Tier 1, common equity Tier 1, and total risk-based capital, respectively, by risk-weighted assets. Assets and off-balance sheet credit equivalents are assigned to one of several risk-weight categories, based primarily on relative risk. The rules require banks and bank holding companies to maintain a minimum common equity Tier 1 capital ratio of 4.5%, a minimum Tier 1 capital ratio of 6.0% and a total capital ratio of 8.0%. In addition, a Tier 1 leverage ratio of 4.0% is required. Additionally, the capital rules require a bank holding company to maintain a capital conservation buffer of common equity Tier 1 capital in an amount above the minimum risk-based capital requirements equal to 2.5% of total risk weighted assets, or face restrictions on the ability to pay dividends, pay discretionary bonuses, and to engage in share repurchases.

Under the FDIC’s prompt corrective action rules, an insured state nonmember bank is considered “well capitalized” if its capital ratios meet or exceed the ratios as set forth in the following table and is not subject to any written agreement, order, capital directive, or prompt corrective action directive to meet and maintain a specific capital level for any capital measure. The Bank must meet well capitalized requirements under prompt corrective action provisions. Prompt corrective action provisions are not applicable to bank holding companies.

A bank holding company is considered “well capitalized” if the bank holding company (i) has a total risk-based capital ratio of at least 10.0%, (ii) has a Tier 1 risk-based capital ratio of at least 6.0%, and (iii) is not subject to any written agreement order, capital directive or prompt corrective action directive to meet and maintain a specific capital level for any capital measure.

At March 31, 2025, the capital levels of both the Company and the Bank exceeded all regulatory capital requirements, and their regulatory capital ratios were above the minimum levels required to be considered well capitalized for regulatory purposes. The capital levels of both the Company and the Bank at March 31, 2025 also exceeded the minimum capital requirements, including the currently applicable capital conservation buffer of 2.5%.

The Company’s and the Bank’s actual regulatory capital ratios as of March 31, 2025 and December 31, 2024 are presented in the table below.


									Minimum Required to be
									Considered "Well Capitalized"
					Minimum Required for				Under Prompt Corrective
	Actual				Capital Adequacy Purposes				Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio

	(dollars in thousands)
HarborOne Bancorp, Inc.
March 31, 2025
Common equity Tier 1 capital to risk-weighted assets	$	562,181	11.9	%	$	213,244	4.5	%		N/A	N/A
Tier 1 capital to risk-weighted assets		562,181	11.9			284,325	6.0			N/A	N/A
Total capital to risk-weighted assets		614,504	13.0			379,100	8.0			N/A	N/A
Tier 1 capital to average assets		562,181	9.8			228,390	4.0			N/A	N/A

December 31, 2024
Common equity Tier 1 capital to risk-weighted assets	$	565,319	11.8	%	$	215,789	4.5	%		N/A	N/A
Tier 1 capital to risk-weighted assets		565,319	11.8			287,718	6.0			N/A	N/A
Total capital to risk-weighted assets		624,926	13.0			383,624	8.0			N/A	N/A
Tier 1 capital to average assets		565,319	9.8			229,865	4.0			N/A	N/A

HarborOne Bank
March 31, 2025
Common equity Tier 1 capital to risk-weighted assets	$	525,104	11.1	%	$	213,251	4.5	%	$	308,030	6.5	%
Tier 1 capital to risk-weighted assets		525,104	11.1			284,335	6.0			379,113	8.0
Total capital to risk-weighted assets		577,427	12.2			379,113	8.0			473,892	10.0
Tier 1 capital to average assets		525,104	9.2			228,360	4.0			285,450	5.0

December 31, 2024
Common equity Tier 1 capital to risk-weighted assets	$	528,185	11.0	%	$	215,846	4.5	%	$	311,778	6.5	%
Tier 1 capital to risk-weighted assets		528,185	11.0			287,795	6.0			383,727	8.0
Total capital to risk-weighted assets		587,792	12.3			383,727	8.0			479,659	10.0
Tier 1 capital to average assets		528,185	9.2			229,836	4.0			287,295	5.0

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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