Net lending was £4.4m, compared to £7.1m in 2010, taking the total mortgage book up by 2.4% to £183.9m, compared to £179.5m in 2010.
Dick Jenkins, chief executive of Bath Building Society,says: “The strong performance of the Society owes much to the mortgage side of our business.
“Our results show the benefits of our long term strategy to lend to those good borrowers that for one reason or another fall foul of the big lenders’ one-size-fits-all lending policies.
“We’ve also done our bit to help to first-time buyers, in response to widespread reports of customers generally finding it hard to get mortgages. We have successfully increased our mortgage book over 2011 by introducing new innovative products specifically geared to helping first-time buyers get onto the property ladder.”