The Society saw a 7.8% rise in its pipeline of mortgage business to £37.3 million, and growth of £21.4 million in its mortgage portfolio to £475.4 million, including £85.5 million of Buy to Let mortgages.
Net interest income rose from £5.72 million to £6.16 million.
There was a further reduction in the number of borrowers in arrears with their monthly mortgage repayments by one month or more to 11 (23 in 2014) representing 0.2% of all borrowers (0.4% in 2014).
Chief executive Chris White said:
“To have achieved growth in advances, deposits and margin in a highly competitive market does great credit to the Society and its staff.
“We continue to work with great commitment to provide good value savings and mortgages with excellent personal service delivered in our branches, agencies, through our head office and via our intermediary partners.”
Nigel Frostick, who is retiring from the board next month after eight years as chairman, said:
“We remain confident that the Society’s high quality balance sheet, robust capital ratios and careful approach to managing risk will continue to underpin its financial strength and place it in a strong position to continue to grow.
“I feel privileged to have been chairman of the Society since 2008 and particularly to have been Chairman during 2015.”
