HarborOne Bank (merged into Eastern Bank)
HarborOne Bank reported total assets of $5.6 bn at Q3 2025, its last Call Report before it merged into Eastern Bank. The CET1 capital ratio at HarborOne Bank was 11.34%, and the uninsured share of HarborOne Bank was 32.37%. Source: FDIC Call Reports.
Key takeaways
- Since , HarborOne Bank has taken over one institution; the latest was Coastway Community Bank on (FDIC Call Reports).
What sets HarborOne Bank apart
How large is HarborOne Bank?
The balance sheet of HarborOne Bank at : assets $5.6 bn, deposits $4.5 bn, net loans $4.7 bn (loans equal to 106.27% of deposits). Securities make up 5.3% of total assets at HarborOne Bank. Since , when HarborOne Bank held $2.2 bn, its assets grew 150.5%. In the year to , deposits at HarborOne Bank fell 2.3% while its total assets fell 2.6%. At , HarborOne Bank employed 486 full-time equivalent staff across 33 offices, about $11.6 mn of assets per employee and $135.1 mn of deposits per office.
How much funding at HarborOne Bank is uninsured?
At HarborOne Bank, uninsured deposits (above the FDIC limit) made up 32.37% of domestic deposits at (+1.28 pp on a year earlier). In dollars, HarborOne Bank estimated $1.4 bn of uninsured deposits.
Key facts, Q3 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.5 bn | $4.6 bn (Q3 2024) | |
| Net loans and leases | $4.7 bn | $4.9 bn (Q3 2024) | |
| Loan-to-deposit ratio | 106.27% | 106.40% (Q3 2024) | |
| Tier 1 leverage ratio | 9.41% | 9.07% (Q3 2024) | |
| Total risk-based capital ratio | 12.48% | 12.01% (Q3 2024) | |
| Net interest margin | 2.50% | 2.36% (Q3 2024) | |
| Return on assets (ROA) | 0.44% | 0.43% (Q3 2024) | |
| Efficiency ratio | 73.48% | 75.63% (Q3 2024) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $49,000 | Narrowed by $85,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $52.2 mn | Widened by $32,000 | |
| Noncurrent loans to total loans | 1.18% | 0.58% (Q3 2024) | |
| Net charge-offs to average loans | 0.46% | 0.01% (Q3 2024) |
US rank of HarborOne Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
HarborOne Bank: assets, deposits and loans
- Total assets $5.6bn
- Deposits $4.5bn
- Net loans $4.7bn
Capital and securities
The CET1 ratio of HarborOne Bank stood at 11.34% in , +0.53 pp year on year. Low and high at HarborOne Bank since : 10.33% () to 15.73% (). Equity capital of HarborOne Bank at : $544.6 mn, or 9.7% of total assets. HarborOne Bank also reported a total capital ratio of 12.48% for , and a tier 1 leverage ratio of 9.41%.
On held-to-maturity securities, HarborOne Bank carried an unrealized loss of $49,000 at , equal to 0.0% of equity capital. The loss narrowed by $85,000 over the year. Its deepest point: $1.1 mn in . The available-for-sale portfolio of HarborOne Bank showed an unrealized loss of $52.2 mn at ; the loss widened by $32,000 over the year.
HarborOne Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.4%
HarborOne Bank: unrealized securities gains and losses
- Available for sale -$52mn
- Held to maturity -$49,000
Profitability and loan quality
For the year to , HarborOne Bank earned a return on equity of 4.64%; return on assets: 0.44%. Net interest margin at HarborOne Bank: 2.50%, +0.14 pp in a year. HarborOne Bank net income: $18.8 mn, up 1.6% year on year. The efficiency ratio of HarborOne Bank was 73.48%: about 73 cents cost per revenue dollar, against 60 cents at the median peer.
At , noncurrent loans were 1.18% of total loans at HarborOne Bank; net charge-offs: 0.46% of average loans. Gross loans and leases at HarborOne Bank: $4.8 bn at , against $4.9 bn at .
HarborOne Bank: profitability
- Return on equity 4.6%
- Net interest margin 2.5%
- Return on assets 0.4%
Peer group of HarborOne Bank
The peer group of HarborOne Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of HarborOne Bank (state nonmember bank) and 0 have head offices in Massachusetts. Against them, HarborOne Bank shows CET1 ratio 11.34% against a peer median of 12.61%, return on equity 4.64% against a peer median of 10.75% and uninsured deposit share 32.37% against a peer median of 41.48%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Northbrook Bank and Trust Company | National bank | IL | $5.7 bn | 11.24% | 16.85% | 41.33% | |
| First Financial Bank | National bank | IN | $5.7 bn | 13.05% | 13.68% | 36.44% | |
| Farmers & Merchants Bank of Central California | State nonmember bank | CA | $5.6 bn | 13.98% | 15.54% | 50.29% | |
| HarborOne Bank | State nonmember bank | MA | $5.6 bn | 11.34% | 4.64% | 32.37% | |
| Heritage Bank of Commerce | State member bank | CA | $5.6 bn | 13.83% | 6.73% | 45.93% | |
| First Internet Bank of Indiana | State nonmember bank | IN | $5.6 bn | 11.21% | -10.67% | 33.08% | |
| The American National Bank of Texas | National bank | TX | $5.5 bn | 12.17% | 7.82% | 41.64% | |
. FDIC Call Reports.
Last eight quarters
Two years at HarborOne Bank, to : assets $5.7 bn to $5.6 bn, deposits $4.4 bn to $4.5 bn, equity $526.3 mn to $544.6 mn. Staff 529 to 486.
| Metric | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.7 bn | $5.9 bn | $5.8 bn | $5.8 bn | $5.8 bn | $5.7 bn | $5.6 bn | $5.6 bn |
| Total deposits | $4.4 bn | $4.4 bn | $4.5 bn | $4.6 bn | $4.6 bn | $4.6 bn | $4.5 bn | $4.5 bn |
| Bank equity capital | $526.3 mn | $526.3 mn | $531.8 mn | $542.4 mn | $537.9 mn | $538.9 mn | $540.5 mn | $544.6 mn |
| CET1 ratio | 10.78% | 10.89% | 10.79% | 10.81% | 11.01% | 11.08% | 11.34% | 11.34% |
| Return on equity (ROE) | 3.31% | 5.56% | 5.55% | 4.64% | 5.16% | 4.17% | 5.36% | 4.64% |
| Uninsured share of domestic deposits | 32.06% | 26.92% | 28.94% | 31.09% | 30.49% | 29.81% | 30.95% | 32.37% |
| Full-time equivalent employees | 529 | 533 | 538 | 542 | 535 | 522 | 488 | 486 |
| Number of offices | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of HarborOne Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Coastway Community Bank (FDIC certificate 58937).
- . Merged into Eastern Bank (FDIC certificate 32773).
Large one-quarter moves at HarborOne Bank
- Total assets at HarborOne Bank changed by +28.1% in the quarter to 2018-12-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Coastway Community Bank.
Questions and identifiers
What were the total assets of HarborOne Bank?
HarborOne Bank reported $5.6 bn at in its Call Report.
Is HarborOne Bank the same as its holding company?
No. This page covers HarborOne Bank, FDIC certificate 59070; HARBORONE BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is HarborOne Bank profitable?
HarborOne Bank reported net income of $18.8 mn for the year to ; annualized return on equity: 4.64%. So yes: HarborOne Bank made a profit over these months.
When is data for HarborOne Bank next updated?
HarborOne Bank no longer files Call Reports; its data ends at .
Where can I check the figures for HarborOne Bank?
In the FDIC BankFind Suite record for certificate 59070, and in the Call Reports of HarborOne Bank (RSSD ID 40499) at the FFIEC Central Data Repository.