Despite the uncertain economic and political landscape, the Society reports a profitable year in 2019.

We ended the year with a £31m increase in savings balances and achieved a healthy profit of £1.9m (before tax). Due to an expected high number of redemptions we saw a small decrease in the overall size of our mortgage book; this has enabled us to focus on having a higher quality, lower risk mortgage book.

While financial providers continue to announce high street closures, the Society has invested in its branches with the refurbishment of its Hadleigh premises.

Alan Harris, Chairman