Mortgage lending rose to £156m, taking mortgage assets from £669m to £707m.
Group profit before tax rose by £0.2m to £4.4m.
Chief Executive Kevin Wilson said that the growth in Leek United’s mortgage lending and balances was “a great success, as it has been achieved in an increasingly competitive environment, with major lenders pricing more aggressively and new challenger banks entering the market”.
Kevin Wilson added:
“We remain as committed as ever to the values of a traditional building society, and are continuing to make significant investment to enhance the service to our members for the future.
”In summary, the Society is well-placed for the future and to respond to the uncertain economic environment. We look forward to serving the interests of our members for many years to come."
