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SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

SEGMENT REPORTING

Summary of reportable segments


		Three Months Ended March 31, 2025
		HarborOne			HarborOne
		Bank			Mortgage			Other			Eliminations			Consolidated

		(in thousands)
Interest and dividend income		$	64,205		$	470		$	10,005		$	(10,241)		$	64,439
Interest expense			(32,890)			(321)			-			241			(32,970)
Net interest and dividend income			31,315			149			10,005			(10,000)			31,469
Provision for credit losses			1,385			-			-			-			1,385
Net interest and dividend income, after provision for credit losses			29,930			149			10,005			(10,000)			30,084
Mortgage banking income:
Gain on sale of mortgage loans			-			2,716			-			-			2,716
Intersegment (loss) gain			(81)			209			-			(128)			-
Changes in mortgage servicing rights fair value			(134)			(1,238)			-			-			(1,372)
Other			167			1,941			-			-			2,108
Total mortgage banking (loss) income			(48)			3,628			-			(128)			3,452
Other noninterest income			6,440			-			-			(1)			6,439
Total noninterest income			6,392			3,628			-			(129)			9,891
Compensation and benefits			16,117			3,167			(499)			-			18,785
Other noninterest expense			12,068			1,337			660			-			14,065
Total noninterest expense			28,185			4,504			161			-			32,850
Income (loss) before income taxes			8,137			(727)			9,844			(10,129)			7,125
Provision (benefit) for income taxes			1,903			(236)			(42)			-			1,625
Net income (loss)		$	6,234		$	(491)		$	9,886		$	(10,129)		$	5,500

Total assets at period end		$	5,704,033		$	92,729		$	580,866		$	(677,298)		$	5,700,330
Total liabilities at period end		$	5,164,508		$	36,237		$	4,899		$	(81,281)		$	5,124,363
Goodwill at period end		$	59,042		$	-		$	-		$	-		$	59,042


		Three Months Ended March 31, 2024
		HarborOne			HarborOne
		Bank			Mortgage			Other			Eliminations			Consolidated

		(in thousands)
Interest and dividend income		$	66,743			443			3,517			(3,799)		$	66,904
Interest expense			(36,258)			(363)			-			299			(36,322)
Net interest and dividend income			30,485			80			3,517			(3,500)			30,582
Provision for credit losses			(168)			-			-			-			(168)
Net interest and dividend income, after provision for credit losses			30,653			80			3,517			(3,500)			30,750
Mortgage banking income:
Gain on sale of mortgage loans			-			2,013			-			-			2,013
Intersegment (loss) gain			(236)			308			-			(72)			-
Changes in mortgage servicing rights fair value			(32)			86			-			-			54
Other			180			2,097			-			(1)			2,276
Total mortgage banking (loss) income			(88)			4,504			-			(73)			4,343
Other noninterest income			6,391			10			(3)			-			6,398
Total noninterest income			6,303			4,514			(3)			(73)			10,741
Compensation and benefits			15,307			2,919			(590)			-			17,636
Other noninterest expense			12,100			1,392			622			-			14,114
Total noninterest expense			27,407			4,311			32			-			31,750
Income (loss) before income taxes			9,549			283			3,482			(3,573)			9,741
Provision (benefit) for income taxes			2,386			60			(5)			-			2,441
Net income (loss)		$	7,163		$	223		$	3,487		$	(3,573)		$	7,300

Total assets at period end		$	5,867,715		$	92,719		$	578,808		$	(677,020)		$	5,862,222
Total liabilities at period end		$	5,341,467		$	35,541		$	5,665		$	(98,134)		$	5,284,539
Goodwill at period end		$	59,042		$	-		$	-		$	-		$	59,042