The trend for small financial institutions to report above-average growth in loans and deposits continues, with BankVic growing its loan book by 11.1 per cent and its deposits by 9.8 per cent in the year to June.BankVic, formerly Police Credit, is a bonded mutual, serving police and people working in health, emergency and the public service. It has just over 100,000 members.The mutual bank made a net profit of A$10.2 million for the year to June - an increase of 4.6 per cent over the previous year.Net interest income increased 7.1 per cent to $36.1 million and total income was up 7.7 per cent to $45.3 million.Impairment losses fell from $214,000 in 2014/15 to $169,000 for the year to June.Loans grew 11.1 per cent to $1.5 billion and deposits grew 9.8 per cent to $1.3 billion. BankVic chief executive Stephen Capello said the strong performance gave the mutual bank a platform for investment in services"We are committed to ensure we remain relevant by investing in our digital capabilities to provide our members with the latest digital experience and seamless access to our products and services across all our channels," Capello said.The mutual bank's capital adequacy ratio was 20.5 per cent.