HarborOne Bancorp, Inc. HONE Income Statement

Harborone bancorp, inc. (HONE)

Income statement / Quarterly

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15
Interest and dividend income:
Interest and fees on loan
35,438	34,365	33,947	25,115	23,866	22,504	21,349	20,990	19,640	19,135	18,092	17,144	16,293	15,643	15,460	15,553	14,608	14,367
Interest on loans held for sale
542	358	648	625	521	411	777	796	620	546	788	866	581	460	615	740	43	27
Interest on taxable securities
1,703	1,663	1,582	1,412	1,351	1,279	1,172	1,118	1,116	998	782	768	801	872	963	1,003	1,045	895
Interest on non-taxable securities
147	184	206	217	216	217	217	216	216	218	220	220	222	227	216	227	226	227
Other interest and dividend income
448	483	540	480	297	274	294	294	320	252	167	164	209	237	186	167	117	115
Total interest and dividend income
38,278	37,053	36,923	27,849	26,251	24,685	23,809	23,414	21,912	21,149	20,049	19,162	18,106	17,439	17,440	17,690	16,039	15,631
Interest expense:
Interest on deposits
9,362	8,243	7,181	5,409	4,450	3,523	3,151	2,812	2,567	2,432	2,283	2,092	2,165	2,170	2,201	2,220	2,141	2,138
Interest on FHLB borrowings
1,679	2,275	2,400	1,130	906	1,038	-	1,333	-	-	-	-	-	-	-	-	-	-
Interest on subordinated debentures
524	505	-	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on borrowed funds
-	-	-	-	-	-	-	-	1,130	1,285	-	1,168	1,289	1,383	1,350	1,583	1,466	1,476
Total interest expense
11,565	11,023	10,133	6,728	5,356	4,561	4,377	4,145	3,697	3,717	3,494	3,260	3,454	3,553	3,551	3,803	3,607	3,614
Net interest and dividend income
26,713	26,030	26,790	21,121	20,895	20,124	19,432	19,269	18,215	17,432	16,555	15,902	14,652	13,886	13,889	13,887	12,432	12,017
Provision for loan losses
1,750	857	1,502	632	886	808	760	921	470	265	1,456	1,710	801	205	15	325	667	250
Net interest and dividend income, after provision for loan losses
24,963	25,173	25,288	20,489	20,009	19,316	18,672	18,348	17,745	17,167	15,099	14,192	13,851	13,681	13,874	13,562	11,765	11,767
Noninterest income:
Mortgage banking income:
Changes in mortgage servicing rights fair value
2,241	2,151	1,734	378	306	-1,022	74	488	1,052	442	-2,970	-351	2,163	2,288	-536	677	165	174
Other
10,896	6,653	7,730	9,249	8,765	6,261	9,134	11,071	11,200	7,846	12,403	16,513	13,837	9,376	8,781	10,664	688	577
Total mortgage banking income
8,655	4,502	5,996	8,871	8,459	7,283	9,060	10,583	10,148	7,404	15,373	16,864	11,674	7,088	9,317	9,987	523	403
Deposit account fees
4,056	3,778	4,007	3,302	3,224	2,967	3,223	3,172	3,071	2,845	2,979	3,010	2,928	2,747	2,934	2,886	2,820	2,554
Income on retirement plan annuities
100	96	101	100	119	113	118	114	113	110	111	111	108	106	108	106	173	208
Gain on sale and call of securities, net
1,267	-	-	-	-	-	-	-	-	-	0	0	41	242	0	1	0	294
Gain on sale of consumer loans
-	-	-	-	-	-	0	0	0	78	0	0	29	50	-	136	-	-
Bank-owned life insurance income
253	253	1,003	243	243	239	246	260	261	257	263	275	274	276	264	295	302	295
Other income
1,387	1,213	540	1,124	512	747	1,507	498	706	760	558	609	834	553	347	542	370	508
Total noninterest income
15,718	9,842	11,652	13,640	12,557	11,349	14,154	14,627	14,299	11,454	19,284	20,869	15,888	11,062	12,970	13,953	4,188	4,262
Noninterest expense:
Compensation and benefits
20,585	19,245	20,062	16,809	17,345	16,352	17,655	17,325	16,319	14,924	18,336	18,812	16,407	15,518	14,989	14,875	8,050	7,489
Occupancy and equipment
4,411	4,448	3,949	3,027	2,961	3,275	3,047	2,954	2,726	2,988	2,525	2,458	2,463	2,784	2,315	2,280	1,932	2,719
Data processing
2,199	2,046	1,965	1,702	1,569	1,553	1,560	1,547	1,528	1,522	1,557	1,450	1,446	1,414	1,362	1,328	1,342	1,360
Loan expenses
1,334	1,271	1,227	1,503	1,390	1,262	1,752	1,884	1,882	1,363	2,710	3,316	2,128	1,592	1,545	1,821	380	203
Marketing
1,177	958	611	639	1,084	999	936	1,136	1,041	482	835	592	607	565	575	544	441	364
Deposit expenses
434	350	355	308	327	330	330	311	367	341	602	325	370	359	373	337	337	320
Postage and printing
422	488	430	344	354	366	371	380	295	342	325	313	301	345	331	328	269	277
Professional fees
1,384	946	1,237	712	915	968	1,097	1,126	1,080	930	822	709	602	577	653	633	468	427
Prepayment penalties on Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	400	-	280	355	0	345
Foreclosed and repossessed assets
-5	-71	32	-45	45	63	2	8	25	27	65	31	127	-56	173	-158	151	58
Deposit insurance
589	666	572	540	491	494	412	397	446	462	208	437	418	403	430	438	424	424
Charitable foundation contributions
-	-	-	-	-	-	-	-	-	-	-	-	4,820	-	-	-	-	-
Merger expenses
-	-	-	-	524	486	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
2,551	2,245	2,071	1,844	1,513	1,451	2,531	1,370	1,169	1,024	1,378	1,166	1,080	1,056	1,415	1,325	809	878
Total noninterest expense
35,081	32,592	36,593	27,383	28,518	27,599	29,693	28,438	26,878	24,405	29,363	29,609	31,169	24,557	24,441	24,106	14,603	14,864
Income before income taxes
5,600	2,423	347	6,746	4,048	3,066	3,133	4,537	5,166	4,216	5,020	5,452	-1,430	186	2,403	3,409	1,350	1,165
Income tax provision
819	356	236	818	945	814	1,540	1,699	1,953	1,481	2,084	1,900	-749	62	860	1,165	290	244
Net income
4,781	2,067	111	5,928	3,103	2,252	1,593	2,838	3,213	2,735	2,936	3,552	-681	124	1,543	2,244	1,060	921
Earnings per common share:
Basic earnings per share (in dollars per share)
0.15	0.07	0.00	0.19	0.10	0.07	0.05	0.09	0.10	0.09	-	0.11	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
0.15	0.07	0.00	0.19	0.10	0.07	0.05	0.09	0.10	0.09	-	0.11	-	-	-	-	-	-
Weighted average shares outstanding:
Weighted average shares outstanding basic
31,582	31,561	31,573	31,575	31,578	31,569	31,598	31,303	31,013	30,998	-	30,943	-	-	-	-	-	-
Weighted average shares outstanding diluted
31,582	31,561	31,572	31,575	31,578	31,569	31,598	31,303	31,013	30,998	-	30,943	-	-	-	-	-	-