SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2019

SEGMENT REPORTING

Summary of reportable segments

	Three Months Ended September 30, 2019
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income (expense)	$	27,855	$	285	$	(155)	$	—	$	27,985
Provision for loan losses		889		—		—		—		889
Net interest and dividend income (loss), after provision for loan losses		26,966		285		(155)		—		27,096
Mortgage banking income:
Changes in mortgage servicing rights fair value		(591)		(1,883)		—		—		(2,474)
Other		(24)		14,003		—		—		13,979
Total mortgage banking income (loss)		(615)		12,120		—		—		11,505
Other noninterest income (loss)		5,772		(4)		—		—		5,768
Total noninterest income		5,157		12,116		—		—		17,273
Noninterest expense		24,405		11,227		571		—		36,203
Income (loss) before income taxes		7,718		1,174		(726)		—		8,166
Provision (benefit) for income taxes		1,019		171		(137)		—		1,053
Net income (loss)	$	6,699	$	1,003	$	(589)	$	—	$	7,113

	Nine Months Ended September 30, 2019
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income (expense)	$	81,296	$	604	$	(1,172)	$	—	$	80,728
Provision for loan losses		3,496		—		—		—		3,496
Net interest and dividend income (loss), after provision for loan losses		77,800		604		(1,172)		—		77,232
Mortgage banking income:
Changes in mortgage servicing rights fair value		(1,599)		(5,267)		—		—		(6,866)
Other		262		31,266		—		—		31,528
Total mortgage banking income (loss)		(1,337)		25,999		—		—		24,662
Other noninterest income (loss)		18,191		(20)		—		—		18,171
Total noninterest income		16,854		25,979		—		—		42,833
Noninterest expense		74,527		27,496		1,853		—		103,876
Income (loss) before income taxes		20,127		(913)		(3,025)		—		16,189
Provision (benefit) for income taxes		3,267		(256)		(783)		—		2,228
Net income (loss)	$	16,860	$	(657)	$	(2,242)	$	—	$	13,961
Total assets at period end	$	3,821,671	$	152,800	$	693,851	$	(719,302)	$	3,949,020
Goodwill at period end	$	58,875	$	10,760	$	—	$	—	$	69,635

	Three Months Ended September 30, 2018
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp, Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income	$	20,943	$	308	$	(130)	$	—	$	21,121
Provision for loan losses		632		—		—		—		632
Net interest and dividend income, after provision for loan losses		20,311		308		(130)		—		20,489
Mortgage banking income:
Changes in mortgage servicing rights fair value		(59)		(319)		—		—		(378)
Other		720		8,529		—		—		9,249
Total mortgage banking income		661		8,210		—		—		8,871
Other noninterest income		4,785		(16)		—		—		4,769
Total noninterest income		5,446		8,194		—		—		13,640
Noninterest expense		18,824		8,184		375		—		27,383
Income (loss) before income taxes		6,933		318		(505)		—		6,746
Provision (benefit) for income taxes		888		71		(141)		—		818
Net income (loss)	$	6,045	$	247	$	(364)	$	—	$	5,928

	Nine Months Ended September 30, 2018
	HarborOne		HarborOne		HarborOne
	Bank		Mortgage		Bancorp Inc.		Eliminations		Consolidated
	(in thousands)
Net interest and dividend income	$	61,429	$	739	$	(28)	$	—	$	62,140
Provision for loan losses		2,326		—		—		—		2,326
Net interest and dividend income, after provision for loan losses		59,103		739		(28)		—		59,814
Mortgage banking income:
Changes in mortgage servicing rights fair value		60		278		—		—		338
Other		1,599		22,676		—		—		24,275
Total mortgage banking income		1,659		22,954		—		—		24,613
Other noninterest income		12,922		11		—		—		12,933
Total noninterest income		14,581		22,965		—		—		37,546
Noninterest expense		58,975		23,320		1,205		—		83,500
Income (loss) before income taxes		14,709		384		(1,233)		—		13,860
Provision (benefit) for income taxes		2,825		98		(346)		—		2,577
Net income (loss)	$	11,884	$	286	$	(887)	$	—	$	11,283
Total assets at period end	$	2,855,386	$	95,423	$	387,427	$	(485,436)	$	2,852,800
Goodwill at period end	$	3,186	$	10,474	$	—	$	—	$	13,660