HarborOne Bank


68 Legion Parkway
Brockton, MA 02301
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.85% 1.55% →
1-Year CD 0.40% 1.35% →
2-Year CD 0.75% 1.45% →
5-Year CD 0.90% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

HarborOne Bank is an FDIC insured institution located in Brockton, MA. It was founded in 2013 and has approximately $3.93 billion in assets. Customers can open an account at one of its 17 branches.

FDIC Insured Yes
FDIC Certificate # 59070
Date Established 2013
Assets $ 3.93 billion
Loans $ 3.26 billion
Deposits $ 2.95 billion
Capital $ 529.38 million

For a more detailed analysis of HarborOne Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Special: SAV
0.25% $1 $4,999 Learn More
0.05% $25 - Learn More
Special: SAV
0.85% $5,000 $2,999,999 Learn More
Money Market
0.20% $1 $24,999 Learn More
Money Market
0.85% $25,000 $99,999 Learn More
Premium Money Market Account
0.05% $10,000 $24,999 Learn More
Premium Money Market Account
0.10% $25,000 $49,999 Learn More
3 Mo CD
0.20% $1 - Learn More
6 Mo CD
0.25% $1 - Learn More
Special: 10 Mo CD
1.00% $1,000 $250,000 Learn More
12 Mo CD
0.40% $1 - Learn More
18 Mo CD
0.55% $1 - Learn More
0.75% $1 $250,000 Learn More
30 Mo CD
0.80% $1 - Learn More
36 Mo CD
0.75% $1 - Learn More
48 Mo CD
0.80% $1 - Learn More
60 Mo CD
0.90% $1 - Learn More

Fixed IRA
0.40% $1 - Learn MoreShow Less
Special: 10 Mo FIRA
1.00% $500 $250,000 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.05% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less

Loan Rates - June 5, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 5.14% 5.14% $473.39

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


HarborOne Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

HarborOne Bank Locations

Financial Details

HarborOne Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of HarborOne Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
HarborOne Bank U.S. Bank Average
5.52% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, HarborOne Bank had $30,233,000 in non-current loans and $297,000 in owned real estate. To cover these potential losses it had $529,379,000 in equity and $24,060,000 in loans loss reserves. That gives it a Texas Ratio of 5.52%.

Return on Equity
HarborOne Bank U.S. Bank Average
4.81% 9.41%

HarborOne Bank has a Return on Equity of 4.81% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

HarborOne Bank U.S. Bank Average
13.48% 12.82%

HarborOne Bank has a Capitalization of 13.48% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

HarborOne Bank Balance Sheet Analysis

As of December 31, 2019, HarborOne Bank had assets of $3,927,983,000, loans of $3,258,050,000, and deposits of $2,949,729,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
Cash & Balances due from depository institutions $ 78.67 million
Interest-bearing balances $ 51.64 million
Total securities $ 265.85 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.26 billion
Loan loss allowance $ 24.06 million
Trading account assets $ 15.09 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.30 million
Goodwill and other intangibles $ 93.05 million
All other assets $ 161.27 million
     Total Assets $ 3.40 billion
Total deposits $ 2.95 billion
      Interest-bearing deposits $ 2.55 billion
      Deposits held in domestic offices $ 2.95 billion
      % insured (estimated) 87.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 15.09 million
Other borrowed funds $ 354.13 million
Subordinated debt N.A.
All other liabilities $ 79.65 million
      Total Liabilities $ 3.40 billion
      Shareholders’ Equity $ 529.38 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 153.43 million
Total Interest Expense $ 43.66 million
Net interest income $ 109.77 million
Provision for loan and lease losses $ 4.75 million
Total non interest income $ 59.41 million
Total non interest expense $ 139.82 million
Pre-tax Net Operating Income $ 24.61 million

Bank Loan Profile?

The top three loan types in HarborOne Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Massachusetts, HarborOne Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.65
Credit Card Loans 0.00
Consumer Auto Loans 12.93
Small Business Loans 3.77
Construction and Development Loans 5.28
Commercial Real Estate 32.45
Commercial and Industrial Loans 6.07
Farm Loans 0.00

Frequently Asked Questions About Harborone Bank

Branches and Savings

Is Harborone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #59070.

Why does Harborone Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Harborone Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Harborone Bank a commercial bank?


Where are Harborone Bank locations?

See branch locations nearby.

Is Harborone Bank open on Saturdays?

Is Harborone Bank open on Sundays?

What time does Harborone Bank open?

What time does Harborone Bank close?

Are Harborone Bank ATMs Open 24/7?

Do Harborone Bank ATMs accept cash deposits?

Can Harborone Bank customers use other ATMs?

Do Harborone Bank branches have notaries?

Will Harborone Bank notarize my document?

What address for Harborone Bank should I put for incoming ACH transfers?

Will the Harborone Bank branch print checks?

Do Harborone Bank checks expire?

Does Harborone Bank require US citizenship to open account?

Can Harborone Bank close my account?

Does Harborone Bank Report to credit bureaus?

Does Harborone Bank Use Equifax?

What is Harborone Bank's ACH Routing Number?

What is Harborone Bank's SWIFT code?


Does Harborone Bank offer mortgages?

Compare mortgage rates here.

Does Harborone Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Harborone Bank offer personal loans?

Compare personal loan rates here.

Does Harborone Bank offer student loans?

Will Harborone Bank cash a check?

Will Harborone Bank redeem a savings bond?

Does Harborone Bank cash savings bonds?

Will Harborone Bank cash money orders?

Can Harborone Bank issue a money order?

Does Harborone Bank do currency exchange?

Background on The Bank

Who owns Harborone Bank?

How long has Harborone Bank been around?

Can Harborone Bank transfer to other banks?

Does Harborone Bank have quick pay?

Does Harborone Bank accept rolled coins?

Will Harborone Bank accept loose change?

Where is Harborone Bank headquarters?

Customer Reviews for HarborOne Bank

  • January 30, 2020

    CDs 12 Month Rates

    Find branch personnel are genuinely interested in my business.

  • January 30, 2020

    CDs 12 Month Rates

    Have been with Harbor One and Coastway (before merger) and find them efficient, convenient and knowledgable.
    Will continue with my banking relationship with them as I am VERY satisfied with my returns..

Add Your Review

Rate it here →