Manchester Building Society posted a £4.9m loss for 2015 as it reiterated warnings over its future.
However, the society says it working towards securing the future of the society.
Chairman David Harding says: “Although there is uncertainty regarding the long-term future of the Society, we continue to put the best interests of our members first. The board is developing a number of options which individually or in combination are reasonably expected to secure the future of the society, to enable it to continue to meet capital requirements and to improve the quality of its regulatory capital.”
The society stopped lending in 2013 after its balance sheet took a hit due to the accounting treatment of its long term mortgage book and related interest rate hedging.
It had mortgage balances were £330.6m at the end of 2015 having fallen 14.7 per cent over the course of the year.
Manchester has previously said it has no plans to return to new lending.