Operating profit at the Skipton Group increased by 94%, from £18 million to £35 million, over 2010.
During this period the merger with the Chesham Building Society was completed (on 1 June).
Group total mortgage lending was up 18% to £481 million, with 97% of mortgage lending funded by members’ deposits.
The ratio of funding from retail balances increased to 82%.
David Cutter, Skipton Group chief executive, said: “Despite continued buffets from external market developments such as the impact of government austerity measures on our still-fragile economy
