Vitals
  • Total Assets
    2.5B 13.2 %
  • Total Deposits
    1.9B 10.9 %
  • Total Net Loans
    2.1B 15.3 %
  • Net Income
    8.7M 51.5 %
  • Book Value
    246.9M 29.5 %
  • Book Value x2
    493.7M 29.5 %
  • Book Value x3
    740.6M 29.5 %
ROAA

.383

ROAE

3.907

Efficiency Ratio

85.626

Net Interest Margin

2.873

Balance Sheet Highlights
Financial Highlights Harborone Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 2,451,272 761,274
Total Net Loans 2,068,128 592,852
Total Deposits 1,879,495 596,855
Total Equity 246,855 82,059
Profitability
Net Income 8,737 4,648
Return on Average Assets .383 .538
Return on Average Equity 3.907 4.944
Net Interest Margin 2.873 3.143
Efficiency Ratio 85.626 77.098
Noninterest Income/Revenue 46.628 14.538
Balance Sheet Ratios
Loan-to-Deposit 110.036 95.714
Securities/Assets .075 .124
Total Equity/Total Assets .101 .108
Tangible Equity/Tangible Assets .087 .106
Capital Adequacy
Tier 1 Common Capital 234,655 80,540
Tier 1 Capital 234,655 80,580
Tier 2 Capital 16,968 5,839
Total Capital 251,623 86,408
Total Risk Weighted Assets 1,960,026 559,688
Leverage Ratio 9.86 10.827
Common Equity Tier 1 Capital Ratio 11.97 15.478
Tier 1 Capital Ratio 11.97 15.53
Total Capital Ratio 12.84 16.563

Timeline for Harborone Bank

Harborone Bancorp, Inc.

Harborone Bancorp, Inc. became a new parent organization for Harborone Bank.

View Profile Jun 30 2016

Harborone Security Company, Llc

Harborone Security Company, Llc became a new subsidiary organization for Harborone Bank.

View Profile Jun 30 2016

Oak Street Security Company, Llc

Oak Street Security Company, Llc became a new subsidiary organization for Harborone Bank.

View Profile Jun 30 2016

Merrimack Mortgage Company, Llc

Merrimack Mortgage Company, Llc became a new subsidiary organization for Harborone Bank.

View Profile Jul 01 2015

Harborone Bank

Harborone Bank was established 10 years ago and is currently headquartered in Brockton, MA.

Jul 01 2013

Want to see more?

Complete timeline for Harborone Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Nationsheritage Federal Credit Union Seller Discontinued 5/31/2009
Randolph Credit Union Seller Failure 7/3/1992
Plymouth Rubber Credit Union Seller Discontinued 3/19/1986
Algonquin Credit Union Seller Discontinued 2/14/1986
Relationships Role Relationship Start Relationship End
Harborone Bancorp, Inc. Parent 6/30/2016
Merrimack Mortgage Company, Llc Subsidary 7/1/2015
Harborone Security Company, Llc Subsidary 6/30/2016
Oak Street Security Company, Llc Subsidary 6/30/2016
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