The society, which merged with Chelsea Building Society on April 1 2010, has reported a pre-tax profits of £115.4m for 2010, up from a loss of £12.5m in 2009.
Yorkshire says the majority of lending continues to be funded by customer savings – 94%, with low reliance on wholesale funding.
Retail savings balances increased by over 55% to £21.4bn in 2010 and core tier 1 capital ratio stands at 12.4%, compared to 12.2% in 2009.
The average LTV remains low at 56%, slightly up from 52% in 2009.
The society says over 80% of new mortgage lending completed on a fixed rate basis, with almost half on a term of three years or greater and one in three of all new mortgages on an offset basis.
Iain Cornish, chief executive of Yorkshire has also revealed that he is stepping down.
He says: “We have remained committed to providing people with mortgages, allowing them access to the housing market at a time when many lenders have made it much more difficult for home buyers to secure a competitive mortgage deal. This approach has led to a tripling of new mortgage lending, whilst keeping our lending activity within our clearly defined risk appetite.”
He adds: “I would like to take this opportunity to announce that I am planning to step down as chief executive of the Yorkshire later this year when a successor has been appointed. The Yorkshire is exceptionally well placed, has an extremely strong and experienced management team and a very bright future.
“After nearly 20 years with the society, the last eight as chief executive, I believe that now is the right time to allow a new leader to take the society forward.”