Buckinghamshire Building Society has reported growth in mortgage lending of 6%, resulting in a total mortgage book of £189m.
Savings balances also grew 3.4% with total deposits of £207m, resulting in a total balance sheet of £241m.
Andrew Craddock, Buckinghamshire Building Society chief executive, said: “I am pleased to report another year of excellent progress with profits of £1.1m– strong growth in mortgages, an increase in savings balances and further strengthening of our financial position. “
“This has meant that we can remain true to our mutual status and allocate a proportion of our profit to re-investing in the Society, supporting the local community with our charitable donations and continuing to provide our members with a service that we are proud of.
“Our donation from our Charitable Foundation Fund is each year chosen by our members. This year Macmillan Nurses will receive a cheque of £7000 at our AGM.”