MyState Financial maintained growth on both sides of its balance sheet in line with system over the last year, while sticking to its budget for the integration of the former credit union with Tasmanian Permanent Trustees. MyState reported a net profit for the half year to December 2010 of A$11.6 million, a rise of 42 per cent. The earlier reporting period included only four months of profit from TPT. The company said it expects to report a full year profit of around A$22 million. Impaired loans fell by half from an already low A$2.4 million over the last six months. Loans past due doubled to A$7.7 million.