Major Rating Factors:
Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Weak (1.1) profitability. A current level of 6.5 percent of nonperforming loans to core capital combined with 1.9 percent from a year earlier contributes to the Good asset quality (5.7).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10). Excellent current capitalization (7.3 on a scale of 0 to 10) based on a risk-based capital ratio of 12.2 and a capital leverage ratio of 9.2.
Asset Mix:
Comm re (31%), home mtgs (27%), comm loans (8%), securities (5%), cash (4%), home eq lns (3%), consumer loans (0%), other (22%)
States with Branches:
MA, RI
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
HarborOne Bancorp, Inc.
Investment Rating
--
Address
770 Oak Street
Brockton, MA 02301
Brockton, MA 02301
Phone Number
(508) 895-1000
Year Founded
1917
FDIC Number
Website
Largest Affiliates
No affiliate information available.