0001769617--12-312025Q2http://www.harborone.com/20250630#OtherLiabilitiesAndAccruedExpensesMemberhttp://www.harborone.com/20250630#OtherLiabilitiesAndAccruedExpensesMemberhttp://fasb.org/us-gaap/2024#OtherAssetshttp://fasb.org/us-gaap/2024#OtherAssetshttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://fasb.org/us-gaap/2024#FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLosshttp://www.harborone.com/20250630#MortgageBankingIncomeOtherhttp://www.harborone.com/20250630#MortgageBankingIncomeOtherhttp://www.harborone.com/20250630#MortgageBankingIncomeOtherhttp://www.harborone.com/20250630#MortgageBankingIncomeOther00P2YP2Yhttp://fasb.org/us-gaap/2024#FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLosshttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://fasb.org/us-gaap/2024#InterestAndDividendIncomeOperatinghttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomehttp://www.harborone.com/20250630#MortgageBankingNoninterestIncomeP15Y9M21DP15Y10M6DP15Y9M21Dfalse0001769617us-gaap:TreasuryStockCommonMember2025-04-012025-06-300001769617us-gaap:TreasuryStockCommonMember2025-01-012025-06-300001769617us-gaap:TreasuryStockCommonMember2024-04-012024-06-300001769617us-gaap:TreasuryStockCommonMember2024-01-012024-06-300001769617us-gaap:CommonStockMember2025-04-012025-06-300001769617us-gaap:CommonStockMember2024-04-012024-06-300001769617us-gaap:TreasuryStockCommonMember2025-06-300001769617us-gaap:RetainedEarningsMember2025-06-300001769617us-gaap:AdditionalPaidInCapitalMember2025-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2025-06-300001769617us-gaap:TreasuryStockCommonMember2025-03-310001769617us-gaap:RetainedEarningsMember2025-03-310001769617us-gaap:AdditionalPaidInCapitalMember2025-03-310001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-03-310001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-03-310001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2025-03-310001769617us-gaap:TreasuryStockCommonMember2024-12-310001769617us-gaap:RetainedEarningsMember2024-12-310001769617us-gaap:AdditionalPaidInCapitalMember2024-12-310001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-12-310001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-12-310001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2024-12-310001769617us-gaap:TreasuryStockCommonMember2024-06-300001769617us-gaap:RetainedEarningsMember2024-06-300001769617us-gaap:AdditionalPaidInCapitalMember2024-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-06-300001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2024-06-300001769617us-gaap:TreasuryStockCommonMember2024-03-310001769617us-gaap:RetainedEarningsMember2024-03-310001769617us-gaap:AdditionalPaidInCapitalMember2024-03-310001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-310001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-03-310001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-03-310001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2024-03-310001769617us-gaap:TreasuryStockCommonMember2023-12-310001769617us-gaap:RetainedEarningsMember2023-12-310001769617us-gaap:AdditionalPaidInCapitalMember2023-12-310001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-12-310001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2023-12-310001769617us-gaap:DebtSecuritiesMemberus-gaap:FederalReserveBankAdvancesMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2025-04-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2025-01-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-04-012024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-04-012024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-04-012024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-01-012024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-01-012024-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-04-012025-06-300001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-04-012025-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-04-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-04-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-04-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-04-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMember2025-04-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-01-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-01-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-01-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-01-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMember2024-04-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMember2025-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMember2025-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMember2024-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMember2024-06-300001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMember2024-03-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2023-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2023-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2023-12-310001769617us-gaap:UnfundedLoanCommitmentMemberus-gaap:ConsumerPortfolioSegmentMember2023-12-310001769617us-gaap:UnfundedLoanCommitmentMember2023-12-310001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-04-012025-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-04-012025-06-300001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-06-300001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-01-012025-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-06-300001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-04-012024-06-300001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-04-012024-06-300001769617us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-04-012024-06-300001769617us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-06-300001769617us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-01-012024-06-300001769617us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:FederalReserveBankAdvancesMember2025-06-300001769617hone:OtherLoansMember2025-06-300001769617srt:FederalHomeLoanBankOfBostonMemberus-gaap:AssetPledgedAsCollateralMemberhone:BankIdentifierCodeMember2025-06-300001769617us-gaap:FairValueMeasurementsNonrecurringMember2025-06-300001769617us-gaap:FairValueMeasurementsNonrecurringMember2024-12-310001769617srt:MinimumMember2025-06-300001769617srt:MaximumMember2025-06-300001769617srt:MinimumMember2024-12-310001769617srt:MaximumMember2024-12-310001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2025-04-012025-06-300001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001769617us-gaap:IntersegmentEliminationMember2024-04-012024-06-300001769617us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-06-300001769617us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2025-06-300001769617us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-06-300001769617hone:CommercialAndIndustrialMemberus-gaap:ExtendedMaturityMember2024-04-012024-06-300001769617hone:CommercialAndIndustrialMember2024-04-012024-06-300001769617us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ContractualInterestRateReductionMember2024-01-012024-06-300001769617hone:CommercialAndIndustrialMemberus-gaap:ExtendedMaturityMember2024-01-012024-06-300001769617us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-06-300001769617hone:CommercialAndIndustrialMember2024-01-012024-06-300001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-06-300001769617hone:CollateralDependentMemberus-gaap:ResidentialPortfolioSegmentMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2025-06-300001769617us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300001769617us-gaap:FinancingReceivables60To89DaysPastDueMember2025-06-300001769617us-gaap:FinancingReceivables30To59DaysPastDueMember2025-06-300001769617us-gaap:FinancialAssetPastDueMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:UncollateralizedMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMember2024-12-310001769617us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001769617us-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001769617us-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001769617us-gaap:FinancialAssetPastDueMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-04-012024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2025-04-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-04-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-04-012025-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2025-04-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2025-01-012025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2024-04-012024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2024-04-012024-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2024-04-012024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2024-01-012024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2024-01-012024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-01-012024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-01-012024-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-06-300001769617us-gaap:FederalHomeLoanBankAdvancesMemberus-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalReserveBankAdvancesMember2025-06-300001769617us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalHomeLoanBankAdvancesMember2025-06-300001769617us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalHomeLoanBankAdvancesMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2025-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2025-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2025-03-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-03-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-03-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-03-310001769617us-gaap:ConsumerPortfolioSegmentMember2025-03-3100017696172025-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2024-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2024-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2024-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2024-03-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-03-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-03-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-03-310001769617us-gaap:ConsumerPortfolioSegmentMember2024-03-3100017696172024-03-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:SecondMortgageLoanAndHomeEquityLineOfCreditMember2023-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:ResidentialConstructionMember2023-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:OneToFourFamilyRealEstateLoanMember2023-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2023-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2023-12-310001769617us-gaap:ConsumerPortfolioSegmentMember2023-12-310001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-06-300001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-06-300001769617hone:CollateralDependentMemberus-gaap:ResidentialPortfolioSegmentMember2025-06-300001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMember2025-06-300001769617hone:CollateralDependentMember2025-06-300001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-12-310001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-12-310001769617hone:CollateralDependentMemberus-gaap:CommercialPortfolioSegmentMember2024-12-310001769617hone:CollateralDependentMember2024-12-310001769617srt:FederalHomeLoanBankOfBostonMemberus-gaap:AssetPledgedAsCollateralMember2025-06-300001769617hone:DerivativeLoanAndForwardContractsMember2025-06-300001769617hone:DerivativeLoanAndForwardContractsMember2025-03-310001769617hone:DerivativeLoanAndForwardContractsMember2024-12-310001769617hone:DerivativeLoanAndForwardContractsMember2024-06-300001769617hone:DerivativeLoanAndForwardContractsMember2024-03-310001769617hone:DerivativeLoanAndForwardContractsMember2023-12-310001769617us-gaap:UnusedLinesOfCreditMember2025-06-300001769617us-gaap:HomeEquityMember2025-06-300001769617us-gaap:ConstructionLoansMember2025-06-300001769617hone:OtherLoansCommitmentsMember2025-06-300001769617hone:LoanOriginationCommitmentsResidentialRealEstateMember2025-06-300001769617us-gaap:UnusedLinesOfCreditMember2024-12-310001769617us-gaap:HomeEquityMember2024-12-310001769617us-gaap:ConstructionLoansMember2024-12-310001769617hone:OtherLoansCommitmentsMember2024-12-310001769617hone:LoanOriginationCommitmentsResidentialRealEstateMember2024-12-310001769617hone:DerivativeLoanAndForwardContractsMember2025-04-012025-06-300001769617hone:DerivativeLoanAndForwardContractsMember2025-01-012025-06-300001769617hone:DerivativeLoanAndForwardContractsMember2024-04-012024-06-300001769617hone:DerivativeLoanAndForwardContractsMember2024-01-012024-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-06-300001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2025-06-300001769617hone:RiskParticipationAgreementsMemberus-gaap:NondesignatedMember2025-06-300001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2025-06-300001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2024-12-310001769617hone:RiskParticipationAgreementsMemberus-gaap:NondesignatedMember2024-12-310001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2024-12-310001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-04-012025-06-300001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2025-04-012025-06-300001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2025-04-012025-06-300001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2025-04-012025-06-300001769617hone:DerivativeLoanMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-04-012025-06-300001769617us-gaap:NondesignatedMember2025-04-012025-06-300001769617us-gaap:DesignatedAsHedgingInstrumentMember2025-04-012025-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-01-012025-06-300001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2025-01-012025-06-300001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2025-01-012025-06-300001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2025-01-012025-06-300001769617hone:DerivativeLoanMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-01-012025-06-300001769617us-gaap:NondesignatedMember2025-01-012025-06-300001769617us-gaap:DesignatedAsHedgingInstrumentMember2025-01-012025-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-04-012024-06-300001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2024-04-012024-06-300001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2024-04-012024-06-300001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2024-04-012024-06-300001769617hone:DerivativeLoanMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-04-012024-06-300001769617us-gaap:NondesignatedMember2024-04-012024-06-300001769617us-gaap:DesignatedAsHedgingInstrumentMember2024-04-012024-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-01-012024-06-300001769617us-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2024-01-012024-06-300001769617hone:InterestRateFuturesMemberus-gaap:NondesignatedMember2024-01-012024-06-300001769617hone:DerivativeLoanMemberus-gaap:NondesignatedMember2024-01-012024-06-300001769617hone:DerivativeLoanMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-01-012024-06-300001769617us-gaap:NondesignatedMember2024-01-012024-06-300001769617us-gaap:DesignatedAsHedgingInstrumentMember2024-01-012024-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberhone:DerivativeLoanMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-06-300001769617us-gaap:OtherLiabilitiesMember2025-06-300001769617us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberhone:InterestRateFuturesMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberhone:DerivativeLoanMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:OtherLiabilitiesMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherAssetsMemberhone:InterestRateFuturesMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherAssetsMemberhone:DerivativeLoanMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:OtherAssetsMember2025-06-300001769617us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:ForwardContractsMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherAssetsMemberhone:DerivativeLoanMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2024-12-310001769617us-gaap:OtherAssetsMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-12-310001769617us-gaap:OtherAssetsMember2024-12-310001769617hone:DerivativeLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617hone:DerivativeLoanMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617hone:DerivativeLoanMemberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617hone:DerivativeLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617hone:DerivativeLoanMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617hone:DerivativeLoanMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2025-06-300001769617us-gaap:InterestRateSwapMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-06-300001769617us-gaap:AssetPledgedAsCollateralMember2025-06-300001769617us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300001769617us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617us-gaap:AssetPledgedAsCollateralMemberus-gaap:FederalFundsPurchasedMember2025-06-300001769617hone:U.s.GovernmentAndGovernmentSponsoredEnterpriseObligationsAndCorporateBondsMember2025-06-300001769617us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001769617us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617hone:CollateralDependentIndividuallyAnalyzedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhone:AppraisalOfCollateralMember2025-06-300001769617hone:CollateralDependentIndividuallyAnalyzedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhone:AppraisalOfCollateralMember2024-12-310001769617us-gaap:CommercialRealEstateMember2025-06-300001769617us-gaap:CommercialRealEstateMember2024-12-310001769617us-gaap:RetainedEarningsMember2025-04-012025-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001769617us-gaap:RetainedEarningsMember2025-01-012025-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300001769617us-gaap:RetainedEarningsMember2024-04-012024-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300001769617us-gaap:RetainedEarningsMember2024-01-012024-06-300001769617us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001769617us-gaap:CommonStockMember2025-06-300001769617us-gaap:CommonStockMember2025-03-310001769617us-gaap:CommonStockMember2024-12-310001769617us-gaap:CommonStockMember2024-06-300001769617us-gaap:CommonStockMember2024-03-310001769617us-gaap:CommonStockMember2023-12-3100017696172023-12-310001769617us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300001769617us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001769617us-gaap:DomesticCorporateDebtSecuritiesMember2025-06-300001769617hone:SbaAssetBackedSecuritiesMember2025-06-300001769617us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-06-300001769617us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-12-310001769617us-gaap:DomesticCorporateDebtSecuritiesMember2024-12-310001769617hone:CollateralDependentImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhone:SalesComparisonApproachMember2025-06-300001769617us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2025-06-300001769617us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617us-gaap:FairValueMeasurementsRecurringMember2025-06-300001769617hone:CollateralDependentImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberhone:SalesComparisonApproachMember2024-12-310001769617us-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-12-310001769617us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617us-gaap:FairValueMeasurementsRecurringMember2024-12-310001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarboroneMortgageSegmentMember2025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2025-06-300001769617us-gaap:OperatingSegmentsMember2025-06-300001769617us-gaap:IntersegmentEliminationMember2025-06-300001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2024-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarboroneMortgageSegmentMember2024-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2024-06-300001769617us-gaap:IntersegmentEliminationMember2024-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2025-04-012025-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2025-01-012025-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2024-04-012024-06-300001769617hone:UnearnedCompensationEmployeeStockOwnershipPlanMember2024-01-012024-06-300001769617us-gaap:UnfundedLoanCommitmentMember2025-01-012025-06-300001769617us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001769617us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300001769617us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300001769617us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001769617hone:HarboroneBankMember2025-06-300001769617hone:HarboroneBankMember2024-12-310001769617us-gaap:CommonStockMember2025-01-012025-06-300001769617us-gaap:CommonStockMember2024-01-012024-06-300001769617hone:EasternBanksharesIncMembersrt:MinimumMemberhone:HarboroneBancorpInc.Member2025-04-240001769617hone:EasternBanksharesIncMembersrt:MaximumMemberhone:HarboroneBancorpInc.Member2025-04-240001769617us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300001769617us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-06-300001769617us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-06-300001769617us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001769617us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001769617us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2024-04-012024-06-300001769617us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-3000017696172024-06-300001769617us-gaap:CommercialRealEstatePortfolioSegmentMember2025-06-300001769617hone:CommercialAndIndustrialMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMember2024-06-300001769617hone:DerivativeLoanMember2025-01-012025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarboroneMortgageSegmentMember2025-04-012025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2025-04-012025-06-300001769617us-gaap:IntersegmentEliminationMember2025-04-012025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2025-01-012025-06-300001769617us-gaap:OperatingSegmentsMember2025-01-012025-06-300001769617us-gaap:IntersegmentEliminationMember2025-01-012025-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarboroneMortgageSegmentMember2024-04-012024-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2024-04-012024-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarboroneMortgageSegmentMember2024-01-012024-06-300001769617us-gaap:OperatingSegmentsMemberhone:HarborOneBankSegmentMember2024-01-012024-06-300001769617us-gaap:IntersegmentEliminationMember2024-01-012024-06-300001769617hone:SbaAssetBackedSecuritiesMember2024-12-310001769617us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2025-06-300001769617us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-01-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-01-012025-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-01-012024-12-310001769617us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-12-3100017696172024-01-012024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:DoubtfulMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMemberus-gaap:SubstandardMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMemberus-gaap:SpecialMentionMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMemberus-gaap:PassMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:SubstandardMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:PassMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:DoubtfulMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:NonaccrualLoansMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMemberhone:AccrualLoansMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberhone:NonaccrualLoansMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMemberhone:AccrualLoansMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2025-06-300001769617us-gaap:ResidentialPortfolioSegmentMember2025-06-300001769617us-gaap:ConsumerPortfolioSegmentMember2025-06-300001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMemberus-gaap:SpecialMentionMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMemberus-gaap:PassMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:SubstandardMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:SpecialMentionMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:PassMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMemberus-gaap:DoubtfulMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:NonaccrualLoansMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMemberhone:AccrualLoansMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberhone:NonaccrualLoansMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMemberhone:AccrualLoansMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialConstructionMember2024-12-310001769617us-gaap:CommercialPortfolioSegmentMemberhone:CommercialAndIndustrialMember2024-12-310001769617us-gaap:ResidentialPortfolioSegmentMember2024-12-310001769617us-gaap:ConsumerPortfolioSegmentMember2024-12-310001769617hone:DerivativeLoanMember2025-06-300001769617hone:DerivativeLoanMember2024-12-3100017696172024-04-012024-06-300001769617srt:MinimumMemberhone:U.s.GovernmentAndGovernmentSponsoredEnterpriseObligationsAndCorporateBondsMember2025-01-012025-06-300001769617srt:MaximumMemberhone:U.s.GovernmentAndGovernmentSponsoredEnterpriseObligationsAndCorporateBondsMember2025-01-012025-06-300001769617srt:MinimumMember2025-01-012025-06-300001769617srt:MaximumMember2025-01-012025-06-300001769617hone:EasternBanksharesIncMemberhone:HarboroneBancorpInc.Member2025-04-2400017696172025-06-3000017696172024-12-310001769617hone:HarboroneMortgageLlcMember2025-01-012025-06-3000017696172024-01-012024-06-3000017696172025-04-012025-06-3000017696172025-07-3100017696172025-01-012025-06-30hone:segmentxbrli:sharesiso4217:USDhone:statexbrli:purehone:gradehone:itemhone:loanhone:securityiso4217:USDxbrli:shares

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark one)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 001-38955

HarborOne Bancorp, Inc.

(Exact name of registrant as specified in its charter)


Massachusetts		81-1607465
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

770 Oak Street, Brockton, Massachusetts	02301
(Address of principal executive offices)	(Zip Code)

(508) 895-1000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act


Title of each Class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.01 par value	HONE	The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer ☐

Accelerated filer ☒

Non-accelerated filer ☐

Smaller reporting company ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

As of July 31, 2025, there were 43,158,596 shares of the Registrant’s common stock, par value $0.01 per share, outstanding.

Table of Contents

Index

		PAGE

	Glossary of Acronyms and Terms	1

PART I.	FINANCIAL INFORMATION

ITEM 1.	Financial Statements

	Consolidated Balance Sheets as of June 30, 2025, and December 31, 2024 (unaudited)	2
	Consolidated Statements of Income for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited)	3
	Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited)	4
	Consolidated Statements of Changes in Stockholders’ Equity for the Three and Six Months Ended June 30, 2025 and 2024 (unaudited)	5
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (unaudited)	7
	Notes to Consolidated Financial Statements (unaudited)
	Note 1. Summary of Significant Accounting Policies	9
	Note 2. Debt Securities	10
	Note 3. Loans Held for Sale	13
	Note 4. Loans and Allowance for Credit Losses	14
	Note 5. Mortgage Loan Servicing	22
	Note 6. Goodwill and Other Intangible Assets	22
	Note 7. Deposits	23
	Note 8. Borrowings	24
	Note 9. Other Commitments and Contingencies	25
	Note 10. Derivatives	26
	Note 11. Operating Lease ROU Assets and Liabilities	30
	Note 12. Minimum Regulatory Capital Requirements	31
	Note 13. Comprehensive (Loss) Income	33
	Note 14. Fair Value of Assets and Liabilities	34
	Note 15. Earnings Per Share	39
	Note 16. Revenue Recognition	40
	Note 17. Segment Reporting	40

ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	43
ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk	67
ITEM 4.	Controls and Procedures	67

PART II.	OTHER INFORMATION

ITEM 1.	Legal Proceedings	68
ITEM 1A.	Risk Factors	69
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	72
ITEM 3.	Defaults Upon Senior Securities	72
ITEM 4.	Mine Safety Disclosures	72
ITEM 5.	Other Information	72
ITEM 6.	Exhibits	73

EXHIBIT INDEX		73

SIGNATURE		74

Table of Contents

Glossary of Acronyms and Terms

The following is a list of common acronyms and terms used regularly in our financial reporting:




ACL	Allowance for Credit Losses
ASU	Accounting Standards Update
Bank	HarborOne Bank
BOLI	Bank-owned life insurance
Company	HarborOne Bancorp, Inc.
CRE	Commercial real estate
DCF	Discounted cash flow
EPS	Earnings Per Share
ESOP	Employee Stock Ownership Plan
Eastern	Eastern Bankshares, Inc., a Massachusetts corporation
EVE	Equity at risk
Exchange Act	Securities Exchange Act of 1934, as amended
FASB	Federal Accounting Standards Board
FDIC	Federal Deposit Insurance Corporation
Federal Reserve	Board of Governors of the Federal Reserve System
FHLB	Federal Home Loan Bank
FRBB	Federal Reserve Bank of Boston
GAAP	Accounting principles generally accepted in the United States of America
HarborOne Mortgage	HarborOne Mortgage, LLC
Management	Company's management
Merger Agreement	Agreement and Plan of Merger, by and among Eastern Bankshares, Inc., Eastern Bank, HarborOne Bancorp, Inc., and HarborOne Bank
MSRs	Mortgage servicing rights
ROU	Right-of-use
SBA	U.S. Small Business Administration
SEC	U.S. Securities and Exchange Commission
Treasury	U.S. Department of the Treasury

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Balance Sheets (unaudited)


	June 30,		December 31,
(in thousands, except share data)	2025		2024

Assets
Cash and due from banks	$	47,348	$	44,090
Short-term investments		155,705		186,981
Total cash and cash equivalents		203,053		231,071

Securities available for sale, at fair value		287,266		263,904
Securities held to maturity, at amortized cost (fair value of $19,146 at June 30, 2025, and $19,285 at December 31, 2024)		19,212		19,627
Federal Home Loan Bank stock, at cost		20,538		23,277
Loans held for sale, at fair value		29,091		36,768
Loans		4,727,232		4,852,499
Less: Allowance for credit losses on loans		(47,964)		(56,101)
Net loans		4,679,268		4,796,398
Accrued interest receivable		16,786		18,393
Mortgage servicing rights, at fair value		41,172		44,500
Property and equipment, net		44,769		46,253
Retirement plan annuities		15,938		15,698
Bank-owned life insurance		99,231		97,726
Goodwill		59,042		59,042
Intangible assets		378		757
Other assets		93,331		99,719
Total assets	$	5,609,075	$	5,753,133

Liabilities and Stockholders' Equity
Deposits:
Demand deposit accounts	$	713,753	$	690,647
NOW accounts		329,800		298,337
Regular savings and club accounts		867,164		895,232
Money market deposit accounts		1,175,499		1,195,209
Term certificate accounts		1,068,693		1,069,844
Brokered deposits		338,762		401,484
Total deposits		4,493,671		4,550,753
Borrowings		439,652		516,555
Mortgagors' escrow accounts		9,340		8,537
Accrued interest payable		5,198		6,575
Other liabilities and accrued expenses		81,067		95,702
Total liabilities		5,028,928		5,178,122

Commitments and contingencies (Notes 7, 12 and 13)

Common stock, $0.01 par value; 150,000,000 shares authorized; 60,739,847 and 60,517,573 shares issued; 43,075,333 and 43,723,278 shares outstanding at June 30, 2025, and December 31, 2024, respectively		598		598
Additional paid-in capital		491,251		489,532
Retained earnings		380,136		373,861
Treasury stock, at cost, 17,664,514 and 16,794,295 shares at June 30, 2025, and December 31, 2024, respectively		(224,602)		(215,138)
Accumulated other comprehensive loss		(44,208)		(49,895)
Unearned compensation - ESOP		(23,028)		(23,947)
Total stockholders' equity		580,147		575,011
Total liabilities and stockholders' equity	$	5,609,075	$	5,753,133

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Income (unaudited)


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share data)	2025		2024		2025		2024


Interest and dividend income:
Interest and fees on loans	$	60,790	$	61,512	$	120,662	$	121,449
Interest on loans held for sale		419		347		715		590
Interest on securities		2,125		2,121		4,118		4,186
Other interest and dividend income		2,266		3,971		4,544		8,630
Total interest and dividend income		65,600		67,951		130,039		134,855

Interest expense:
Interest on deposits		27,976		27,272		55,619		54,171
Interest on borrowings		4,409		9,329		9,736		18,752
Total interest expense		32,385		36,601		65,355		72,923

Net interest and dividend income		33,215		31,350		64,684		61,932
Provision for credit losses		739		615		2,124		447

Net interest and dividend income, after provision for credit losses		32,476		30,735		62,560		61,485

Noninterest income:
Mortgage banking income:
Gain on sale of mortgage loans		3,378		3,143		6,094		5,156
Changes in mortgage servicing rights fair value		(1,123)		(1,098)		(2,495)		(1,044)
Other		2,293		2,356		4,401		4,632
Total mortgage banking income		4,548		4,401		8,000		8,744
Deposit account fees		5,418		5,223		10,571		10,206
Income on retirement plan annuities		121		141		240		286
Gain on sale of asset held for sale		—		1,809		—		1,809
Loss on sale of securities		—		(1,041)		—		(1,041)
Bank-owned life insurance income		762		758		1,505		1,504
Other income		1,372		628		1,796		1,152
Total noninterest income		12,221		11,919		22,112		22,660

Noninterest expense:
Compensation and benefits		18,789		18,976		37,574		36,612
Occupancy and equipment		4,268		4,636		8,895		9,417
Data processing		2,622		2,375		5,247		4,854
Loan expenses		414		461		845		832
Marketing		865		1,368		1,453		2,184
Deposit expenses		721		739		1,564		1,429
Postage and printing		396		401		749		839
Professional fees		1,284		1,236		2,666		2,693
Deposit insurance		914		993		1,964		2,157
Merger expenses		1,704		—		1,704		—
Other expenses		2,093		1,959		4,259		3,877
Total noninterest expense		34,070		33,144		66,920		64,894

Income before income taxes		10,627		9,510		17,752		19,251

Income tax provision		2,569		2,214		4,194		4,655

Net income	$	8,058	$	7,296	$	13,558	$	14,596

Earnings per common share:
Basic	$	0.20	$	0.18	$	0.34	$	0.35
Diluted	$	0.20	$	0.18	$	0.34	$	0.35
Weighted average shares outstanding:
Basic		39,924,977		41,293,787		40,133,790		41,603,104
Diluted		40,117,837		41,370,289		40,360,658		41,748,663

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Comprehensive Income (Loss) (unaudited)


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024


Net income	$	8,058	$	7,296	$	13,558	$	14,596
Other comprehensive income:

Unrealized gain/loss on cashflow hedge:
Unrealized holding gains		—		268		23		986
Reclassification adjustment for net gains included in net income		(77)		(1,264)		(1,064)		(2,499)
Net change in unrealized losses on derivatives in cashflow hedging instruments		(77)		(996)		(1,041)		(1,513)
Related tax effect		14		285		270		433
Net-of-tax amount		(63)		(711)		(771)		(1,080)

Unrealized gain/loss on securities available for sale:
Unrealized holding gains (losses)		1,953		650		8,313		(4,290)
Reclassification adjustment for realized losses		—		1,041		—		1,041
Net unrealized gains (losses)		1,953		1,691		8,313		(3,249)
Related tax effect		(434)		(378)		(1,855)		(30)
Net-of-tax amount		1,519		1,313		6,458		(3,279)

Postretirement benefit:
Adjustment of accumulated obligation for postretirement benefits		3		1		6		—
Reclassification adjustment for gains recognized in net periodic benefit cost		(3)		(22)		(6)		(42)
Net gains		—		(21)		—		(42)

Total other comprehensive income (loss)		1,456		581		5,687		(4,401)

Comprehensive income	$	9,514	$	7,877	$	19,245	$	10,195

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Changes in Stockholders’ Equity (unaudited)


										Accumulated
	Common Stock			Additional				Treasury		Other		Unearned		Total
	Outstanding			Paid-in		Retained		Stock,		Comprehensive		Compensation		Stockholders'
(in thousands, except share data)	Shares	Amount		Capital		Earnings		at Cost		Income (Loss)		- ESOP		Equity

Balance at March 31, 2024	45,055,006	$	598	$	487,277	$	363,591	$	(199,853)	$	(48,604)	$	(25,326)	$	577,683

Comprehensive income	—		—		—		7,296		—		581		—		7,877
Dividends declared of $0.08 per share	—		—		—		(3,303)		—		—		—		(3,303)
ESOP shares committed to be released (57,681 shares)	—		—		132		—		—		—		460		592
Restricted stock awards granted, net of forfeitures	(563)		—		—		—		—		—		—		—
Share-based compensation expense	—		—		571		—		—		—		—		571
Treasury stock purchased	(594,953)		—		—		—		(6,091)		—		—		(6,091)

Balance at June 30, 2024	44,459,490	$	598	$	487,980	$	367,584	$	(205,944)	$	(48,023)	$	(24,866)	$	577,329


Balance at March 31, 2025	43,408,480	$	598	$	490,327	$	375,710	$	(221,516)	$	(45,664)	$	(23,488)	$	575,967

Comprehensive income	—		—		—		8,058		—		1,456		—		9,514
Dividends declared of $0.09 per share	—		—		—		(3,632)		—		—		—		(3,632)
ESOP shares committed to be released (57,681 shares)	—		—		171		—		—		—		460		631
Restricted stock awards granted, net of forfeitures	(14,954)		—		—		—		—		—		—		—
Share-based compensation expense	—		—		753		—		—		—		—		753
Treasury stock purchased	(318,193)		—		—		—		(3,086)		—		—		(3,086)

Balance at June 30, 2025	43,075,333	$	598	$	491,251	$	380,136	$	(224,602)	$	(44,208)	$	(23,028)	$	580,147

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Changes in Stockholders’ Equity (unaudited)


										Accumulated
	Common Stock			Additional				Treasury		Other		Unearned		Total
	Outstanding			Paid-in		Retained		Stock,		Comprehensive		Compensation		Stockholders'
(in thousands, except share data)	Shares	Amount		Capital		Earnings		at Cost		Income (Loss)		- ESOP		Equity

Balance at December 31, 2023	45,401,224	$	598	$	486,502	$	359,656	$	(193,590)	$	(43,622)	$	(25,785)	$	583,759

Comprehensive income (loss)	—		—		—		14,596		—		(4,401)		—		10,195
Dividends declared of $0.16 per share	—		—		—		(6,668)		—		—		—		(6,668)
ESOP shares committed to be released (115,362 shares)	—		—		294		—		—		—		919		1,213
Restricted stock awards granted, net of forfeitures	192,510		—		—		—		—		—		—		—
Performance stock units vested	63,860		—		—		—		—		—		—		—
Share-based compensation expense	—		—		1,184		—		—		—		—		1,184
Treasury stock purchased	(1,198,104)		—		—		—		(12,354)		—		—		(12,354)

Balance at June 30, 2024	44,459,490	$	598	$	487,980	$	367,584	$	(205,944)	$	(48,023)	$	(24,866)	$	577,329

Balance at December 31, 2024	43,723,278	$	598	$	489,532	$	373,861	$	(215,138)	$	(49,895)	$	(23,947)	$	575,011

Comprehensive income	—		—		—		13,558		—		5,687		—		19,245
Dividends declared of $0.18 per share	—		—		—		(7,283)		—		—		—		(7,283)
ESOP shares committed to be released (115,362 shares)	—		—		371		—		—		—		919		1,290
Restricted stock awards granted, net of forfeitures	213,241		—		—		—		—		—		—		—
Performance stock units vested	9,033		—		—		—		—		—		—		—
Share-based compensation expense	—		—		1,348		—		—		—		—		1,348
Treasury stock purchased	(870,219)		—		—		—		(9,464)		—		—		(9,464)

Balance at June 30, 2025	43,075,333	$	598	$	491,251	$	380,136	$	(224,602)	$	(44,208)	$	(23,028)	$	580,147

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Cash Flows (unaudited)


	Six Months Ended June 30,
(in thousands)	2025		2024


Cash flows from operating activities:
Net income	$	13,558	$	14,596
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Provision for credit losses		2,124		447
Net amortization of securities premiums/discounts		148		191
Proceeds from sale of loans		258,112		204,970
Loans originated for sale		(244,130)		(221,768)
Accretion of net deferred loan costs/fees and premiums		(270)		(63)
Depreciation and amortization of premises and equipment		1,787		1,888
Change in mortgage servicing rights fair value		3,405		543
Mortgage servicing rights capitalized		(77)		(641)
Accretion of fair value adjustment on loans and deposits, net		(266)		(276)
Amortization of other intangible assets		379		379
Loss on sale of securities		—		1,041
Net gains on mortgage loan sales, including fair value adjustments		(6,304)		(5,329)
Bank-owned life insurance income		(1,505)		(1,504)
Income on retirement plan annuities		(240)		(286)
Gain on sale of asset held for sale		—		(1,809)
Net loss on disposal of premises and equipment		45		—
Net loss (gain) on sale and write-down of other real estate owned and repossessed assets		5		(5)
Bargain purchase contribution		—		675
ESOP expense		1,290		1,213
Share-based compensation expense		1,348		1,184
Decrease in operating lease ROU assets		1,111		1,131
Decrease in operating lease liabilities		(1,148)		(1,020)
Change in other assets		4,247		(25,557)
Change in other liabilities		(15,244)		5,431
Net cash provided (used) by operating activities		18,375		(24,569)

Cash flows from investing activities:
Activity in securities available for sale:
Maturities, prepayments and calls		9,616		10,693
Purchases		(24,819)		(10,689)
Sales		—		16,584
Activity in securities held to maturity:
Maturities, prepayment and calls		420		74
Net redemption of FHLB stock		2,739		1,787
Proceeds on asset held for sale		—		1,482
Net loan repayments (originations)		116,057		(90,569)
Proceeds from sale of other real estate owned and repossessed assets		11		115
Additions to property and equipment		(347)		(330)
Net cash provided by (used in) investing activities		103,677		(70,853)

(continued)

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Consolidated Statements of Cash Flows (unaudited)


	Six Months Ended June 30,
(in thousands)	2025		2024

Cash flows from financing activities:
Net (decrease) increase in deposits		(57,082)		70,888
Net change in short-term borrowed funds		(16,000)		(173,000)
Proceeds from borrowings		100		427,326
Repayment of borrowings		(61,003)		(203,416)
Net change in mortgagors' escrow accounts		803		760
Treasury stock purchased		(9,464)		(12,354)
Dividends paid		(7,424)		(7,070)
Net cash (used in) provided by financing activities		(150,070)		103,134

Net change in cash and cash equivalents		(28,018)		7,712

Cash and cash equivalents at beginning of period		231,071		227,350

Cash and cash equivalents at end of period	$	203,053	$	235,062

Supplemental cash flow information:
Interest paid on deposits	$	56,716	$	54,602
Interest paid on borrowed funds		9,956		15,292
Income taxes paid, net		4,666		4,375
Transfer of loans to other real estate owned and repossessed assets		6		41
Dividends declared		7,283		6,668

The accompanying notes are an integral part of these unaudited interim Consolidated Financial Statements.

Table of Contents

HarborOne Bancorp, Inc.

Notes to Consolidated Financial Statements (unaudited)

1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation

The unaudited interim Consolidated Financial Statements of HarborOne Bancorp, Inc. presented herein have been prepared pursuant to the rules of the SEC for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by GAAP. In the opinion of Management, all adjustments and disclosures considered necessary for the fair presentation of the accompanying unaudited interim Consolidated Financial Statements have been included. Interim results are not necessarily reflective of the results of the entire year. The accompanying unaudited interim Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the years ended December 31, 2024 and 2023 and notes thereto included in the Company’s Annual Report on Form 10-K.

The unaudited interim Consolidated Financial Statements include the accounts of the Company; the Company’s subsidiaries, Legion Parkway Company LLC (a security corporation) and HarborOne Bank; and the Bank’s wholly owned subsidiaries, which consist of HarborOne Mortgage, LLC, HarborOne Security Company, Inc., and a passive investment corporation. The passive investment corporation maintains and manages certain assets of the Bank. The security company was established for the purpose of buying, holding and selling securities on its own behalf. All significant intercompany balances and transactions have been eliminated in consolidation.

Certain prior year amounts have been reclassified to conform to the current year financial statement presentation. These changes and reclassifications did not impact previously reported net income or comprehensive income.

Merger

On April 24, 2025, the Company, the Bank, Eastern, and Eastern Bank entered into the Merger Agreement. Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, Eastern will acquire the Company and the Bank through the merger of the Company with and into Eastern, with Eastern as the surviving entity (the “Merger”). The Merger Agreement further provides that following the Merger, the Bank will merge with and into Eastern Bank, with Eastern Bank as the surviving entity. Under the terms of the Merger Agreement, the Company’s shareholders will receive for each share of Company common stock, at the holder’s election, either (i) 0.765 shares of Eastern common stock (the “Stock Consideration”) or (ii) $12.00 in cash (the “Cash Consideration”), subject to allocation procedures to ensure that the total number of shares of the Company’s common stock that receive the Stock Consideration represents between 75% and 85% of the total number of shares of the Company’s common stock outstanding immediately prior to the completion of the Merger.

Each outstanding and unexercised option to acquire a share of Company common stock will be converted into an option to purchase that number of whole shares of Eastern Common Stock (rounded down to the nearest whole share) equal to the product of (i) the number of shares of HarborOne Common Stock subject to such HarborOne Stock Option multiplied by (ii) 0.765 (the “Exchange Ratio”) with an exercise price per share of Eastern Common Stock (rounded up to the nearest whole cent) equal to the quotient of (x) the exercise price per share of HarborOne Common Stock of such HarborOne Stock Option divided by (y) the Exchange Ratio. Except as expressly provided in the immediately preceding sentence, each such Eastern Stock Option replacing a HarborOne Stock Option will be subject to the same terms and conditions (including vesting and exercisability terms) as applied to the corresponding HarborOne Stock Option. Each restricted stock award of the Company, whether or not vested, that is outstanding immediately prior to the effective time of the Merger will fully vest and be canceled and converted into the right to receive the per share Cash Consideration and/or Stock Consideration (the “Merger Consideration”). In addition, each HarborOne performance-based restricted stock unit that is outstanding and unvested will accelerate in full and fully vest, with any applicable performance-based vesting condition to be deemed achieved at the target level of performance and shall be converted into the right to receive the Merger Consideration.

Completion of the Merger is subject to customary closing conditions, including receipt of regulatory approvals and approval by the Company’s shareholders. The Company anticipates that the Merger will close during the fourth quarter of 2025, although Eastern has the right under the Merger Agreement to defer the closing until February 20, 2026, if the closing conditions are satisfied after October 31, 2025, but before February 20, 2026.

Table of Contents

HarborOne Bancorp, Inc.

Notes to Consolidated Financial Statements (unaudited)

Nature of Operations

The Company provides a variety of financial services to individuals and businesses through its 30 full-service branches in Massachusetts and Rhode Island, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island. HarborOne Mortgage maintains offices in Massachusetts, New Hampshire, New Jersey and Rhode Island and originates loans in seven additional states.

The Company’s primary deposit products are checking, money market, savings, and term certificate of deposit accounts, while its primary lending products are commercial real estate, commercial, residential mortgages, home equity lines of credit, and consumer loans. The Company also originates, sells, and services residential mortgage loans through HarborOne Mortgage.

Summary of Significant Accounting Policies and Recently Adopted Accounting Standards Updates

Significant accounting policies in effect and disclosed within the Company’s most recent audited Consolidated Financial Statements as of December 31, 2024, remain substantially unchanged.

2.DEBT SECURITIES

The following is a summary of securities available for sale and held to maturity:


			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for Credit		Fair
	Cost		Gains		Losses		Losses		Value

	(in thousands)

June 30, 2025:
Securities available for sale
U.S. government and government-sponsored enterprise obligations	$	42,144	$	—	$	4,893	$	—	$	37,251
U.S. government agency and government-sponsored residential mortgage-backed securities		298,861		427		52,240		—		247,048
SBA asset-backed securities		1,156		—		34		—		1,122
Corporate bonds		2,000		—		155		—		1,845
Total securities available for sale	$	344,161	$	427	$	57,322	$	—	$	287,266

Securities held to maturity
U.S. government and government-sponsored enterprise obligations	$	15,000	$	—	$	97	$	—	$	14,903
SBA asset-backed securities		4,212		31		—		—		4,243
Total securities held to maturity	$	19,212	$	31	$	97	$	—	$	19,146


			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for Credit		Fair
	Cost		Gains		Losses		Losses		Value

	(in thousands)

December 31, 2024:
Securities available for sale
U.S. government and government-sponsored enterprise obligations	$	42,143	$	—	$	6,480	$	—	$	35,663
U.S. government agency and government-sponsored residential mortgage-backed securities		283,523		43		58,569		—		224,997
SBA asset-backed securities		1,446		—		64		—		1,382
Corporate bonds		2,000		13		151		—		1,862
Total securities available for sale	$	329,112	$	56	$	65,264	$	—	$	263,904

Securities held to maturity
U.S. government and government-sponsored enterprise obligations	$	15,000	$	—	$	228	$	—	$	14,772
SBA asset-backed securities		4,627		—		114		—		4,513
Total securities held to maturity	$	19,627	$	—	$	342	$	—	$	19,285

Table of Contents

HarborOne Bancorp, Inc.

Notes to Consolidated Financial Statements (unaudited)

Accrued interest receivable is excluded from the amortized cost basis of debt securities. Accrued interest receivable totaled $1.0 million and $958,000 as of June 30, 2025, and December 31, 2024, respectively. At June 30, 2025, available-for-sale debt securities with a fair value of $259.4 million and held-to-maturity securities with a fair value of $14.9 million were pledged as collateral to provide borrowing capacity through the Federal Reserve’s Discount Window.

The amortized cost and fair value of debt securities by contractual maturity at June 30, 2025, is as follows:



	Available for Sale				Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value

	(in thousands)

After 1 year through 5 years	$	17,644	$	16,223	$	15,000	$	14,903
After 5 years through 10 years		26,500		22,873		—		—
		44,144		39,096		15,000		14,903

U.S. government agency and government-sponsored residential mortgage-backed securities		298,861		247,048		—		—
SBA asset-backed securities		1,156		1,122		4,212		4,243

Total	$	344,161	$	287,266	$	19,212	$	19,146

U.S. government-sponsored residential mortgage-backed securities and securities whose underlying assets are loans from the SBA have stated maturities of two to 30 years; however, it is expected that such securities will have shorter actual lives due to prepayments. U.S. government and government-sponsored enterprise obligations and corporate bonds are callable at the discretion of the issuer. U.S. government and government-sponsored enterprise obligations and corporate bonds with a total fair value of $54.0 million have a final maturity of two to seven years and a call feature of one month to two years. At June 30, 2025, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of shareholder equity.

The following table shows proceeds and gross realized gains and losses related to the sales of securities for the periods indicated:


		Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024

		(in thousands)				(in thousands)

Sales
Proceeds	$	—	$	16,584	$	—	$	16,584
Gross gains		—		—		—		—
Gross losses		—		1,041		—		1,041

Table of Contents

HarborOne Bancorp, Inc.

Notes to Consolidated Financial Statements (unaudited)

Information pertaining to securities with gross unrealized losses at June 30, 2025, and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:


	Less Than Twelve Months				Twelve Months and Over
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value

	(in thousands)
June 30, 2025:
Securities available for sale

U.S. government and government-sponsored enterprise obligations	$	—	$	—	$	4,893	$	37,251
U.S. government agency and government-sponsored residential mortgage-backed securities		—		37		52,240		204,085
SBA asset-backed securities		—		—		34		1,122
Corporate bonds		1		999		154		846
	$	1	$	1,036	$	57,321	$	243,304

Securities held to maturity

U.S. government and government-sponsored enterprise obligations	$	—	$	—		97		14,903
SBA asset-backed securities		—		—		—		—
	$	—	$	—	$	97	$	14,903

December 31, 2024:
Securities available for sale

U.S. government and government-sponsored enterprise obligations	$	—	$	—	$	6,480	$	35,663
U.S. government agency and government-sponsored residential mortgage-backed securities		31		9,346		58,538		206,308
SBA asset-backed securities		—		—		64		1,382
Corporate bonds		—		—		151		849
	$	31	$	9,346	$	65,233	$	244,202

Securities held to maturity

U.S. government and government-sponsored enterprise obligations	$	—	$	—		228		14,772
SBA asset-backed securities		114		4,512		—		—
	$	114	$	4,512	$	228	$	14,772

Management assesses the decline in fair value of investment securities on a regular basis. Unrealized losses on debt securities may occur from current market conditions, increases in interest rates since the time of purchase, a structural change in an investment, volatility of earnings of a specific issuer, or deterioration in credit quality of the issuer. Management evaluates both qualitative and quantitative factors to assess whether an impairment exists.

As of June 30, 2025, the Company’s security portfolio consisted of 114 debt securities, 102 of which were in an unrealized loss position. The unrealized losses are primarily related to the Company’s debt securities that were issued by U.S. government-sponsored enterprises and agencies. The Company does not believe that the debt securities that were in an unrealized loss position as of June 30, 2025, represent a credit loss impairment. As of June 30, 2025, and December 31, 2024, the gross unrealized loss positions were primarily related to mortgage-backed securities and other obligations issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government and have a long history of zero credit loss. Total gross unrealized losses were primarily attributable to changes in interest rates relative to when the investment securities were purchased, and not due to the credit quality of the investment securities.

Table of Contents

HarborOne Bancorp, Inc.

Notes to Consolidated Financial Statements (unaudited)

Management reviewed the collectability of the corporate bonds taking into consideration such factors as the financial condition of the issuers, reported regulatory capital ratios of the issuers, credit ratings, including ratings in effect as of the reporting period date as well as credit rating changes between the reporting period date and the filing date of this report, and other information. Management believes the unrealized losses on the corporate bonds are primarily attributable to changes in the investment spreads and interest rates, and not to changes in the credit quality of the issuers of the corporate bonds.

Management expects to recover the entire amortized cost basis of the available-for-sale debt securities with an unrealized loss. Furthermore, the Company does not intend to sell these securities, and it is unlikely that the Company will be required to sell these securities, before recovery of their cost basis, which may be at maturity. Therefore, no ACL was recorded at June 30, 2025.

As of June 30, 2025, the held-to-maturity securities were U.S. government-sponsored enterprise obligations. These securities are guaranteed by the government-sponsored enterprise with a long history of no credit losses, and Management has determined these securities to have a zero loss expectation and therefore does not estimate an ACL on these securities.

3.LOANS HELD FOR SALE

The following table provides the fair value and contractual principal balance outstanding of loans held for sale accounted for under the fair value option:


	June 30,		December 31,
	2025		2024

	(in thousands)

Loans held for sale, fair value	$	29,091	$	36,768
Loans held for sale, contractual principal outstanding		28,318		36,205
Fair value less unpaid principal balance	$	773	$	563

The Company has elected the fair value option for mortgage loans held for sale to better match changes in fair value of the loans with changes in the fair value of the forward sale commitment contracts used to economically hedge them. Changes in fair value of mortgage loans held for sale accounted for under the fair value option election amounted to an increase of $306,000 and $210,000 in the three and six months ended June 30, 2025, to $773,000, compared to an increase of $395,000 and $173,000 in the three and six months ended June 30, 2024, to $704,000. These amounts are offset in earnings by the changes in fair value of forward sale commitments. The changes in fair value are reported as a component of gain on sale of mortgage loans in the unaudited Consolidated Statements of Income.

At June 30, 2025, and December 31, 2024, there were no loans held for sale that were greater than 90 days past due.

HarborOne Bancorp, Inc. 10-Q