Financial Results year ending 31/12/2010 |
Darlington Building Society made a profit after tax of £737,000 as against a profit for the
previous year of £555,000.This was after a provision of £210,000 for this years contribution to the fscs
levy.
Management expenses as a pertentage of mean total assets was 1.0%
During
2010 they recorded a loss of £47,000 on their mortgage book.
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Financial Results year ending 31/12/2009 |
Darlington Building Society made a profit after tax of £555,000 as against a loss for the previous
year of £2,527,000.This was after a provision of £59,000 for this years contribution to the fscs levy.
Management expenses as a pertentage of mean total assets was 1.0%
During 2009 they made no losses on
their mortgage book.
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Financial Results year ending 31/12/2008 |
Darlington Building Society made a loss for the year after tax of £2,527,000 as against a profit
the previous year of £1,503,000. This loss was after a provision of £697,000 for this years contribution
to the fscs levy. Unlike some other building societies they have not chosen to accrue the payments due over the next
2 years into this years accounts. A provision of £3.4 million was made against the assets of the subsidiary Darlington
homes. At the end of the financial year they had 2
properties in possession. The total amount outstanding on loans where payments were 12 months or more in arrears was £360,000. A further provision of £1,250,000 was made against a loan which they believe
may be impaired.
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Darlington Building Society Profile and History |
Head Office Darlington Building Society Sentinel
House, Lingfield Way Darlington Co
Durham DL1 4PR Tel 01325 366366
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Darlington Building Society Directors Remuneration year ended 31/12/2010 |
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D.S.Metcalfe (retired 31/08/2010) |
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Darlington had a maximum of 5 over year |
129,745
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The Darlington Building Society offers a range of products. For savers they offer a range of accounts
including instant access accounts, tax free savings, notice accounts, monthly income accounts, children's accounts and regular savings accounts.
On the mortgage side Darlington Building Society can offer standard variable rate mortgages, tracker mortgages, fixed rate and discount
mortgages. They also offer life insurance and home insurance and through Darlington Homes they also build houses.
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