PromiseOne Bank
Duluth, Georgia, Gwinnett County
$812M in total assets, the 1,266th largest of 4,309 US banks and 19th of 125 headquartered in Georgia.
- FDIC certificate
- 58657
- Established
- 2008
- Owned by
- Promiseone Bcorp Inc
- Primary regulator
- FDIC
- Website
- http://www.promiseone.bank
At a glance
Compared with 98 banks headquartered in Georgia with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $812M | 95% | $334M | |
| Loans | $619M | 96% | $239M | |
| Deposits | $732M | 98% | $298M | |
| Return on assets | 1.55% | 50% | 1.56% | |
| Net interest margin | 3.21% | 8% | 4.57% | |
| Efficiency ratio | 57.7% | 50% | 57.7% | |
| Equity to assets | 8.58% | 11% | 10.90% | |
| Loans to deposits | 85% | 66% | 79% |
Growth
Total assets grew 7.7% a year over the last 5 years and 12.0% a year over 10 years, without acquisitions.
Where they operate
10 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Gwinnett County, GA | $323M | 1.3% | 18 of 39 |
| Fairfax County, VA | $134M | 0.1% | 28 of 38 |
| Dekalb County, GA | $120M | 0.7% | 17 of 24 |
| Fulton County, GA | $116M | 0.1% | 31 of 46 |
| Harris County, TX | $23M | 0.0% | 78 of 87 |
| Queens County, NY | $16M | 0.0% | 51 of 52 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 7 branches since 2016 (3 to 10, +233.3%). 8 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 3 | |||
| 2017 | Opened Suwanee | 1 | 0 | +1 | 4 |
| 2018 | Opened Chamblee | 1 | 0 | +1 | 5 |
| 2019 | Opened Houston and Johns Creek | 2 | 0 | +2 | 7 |
| 2020 | Closed Chamblee | 0 | 1 | −1 | 6 |
| 2022 | Opened Bayside | 1 | 0 | +1 | 7 |
| 2024 | Opened Suwanee | 1 | 0 | +1 | 8 |
| 2025 | Opened Annandale and Centreville | 2 | 0 | +2 | 10 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 51% | 32% | |
| 1-4 family residential | 40% | 30% | |
| Business (C&I) | 6% | 9% | |
| Multifamily | 2% | 3% | |
| Farmland | 0% | 7% | |
| Construction and land | 0% | 12% | |
| Consumer | 0% | 4% | |
| Agricultural | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 62% | 29% | |
| Other interest-bearing | 21% | 44% | |
| Noninterest-bearing | 17% | 26% |
Brokered deposits are 1.1% of deposits (peers 2.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.78% | 0.31% |
| Net charge-offs, annualized | 0.10% | 0.00% |
| Reserves to loans | 0.96% | 1.37% |
| Leverage ratio | 10.12% | 11.63% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Georgia
Largest competitors in Gwinnett County, GA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/promiseone