A high-level examination of Baokim's $42.3M consumer loan portfolio, tracking key performance indicators, composition trends, and monthly operational metrics across the January–November 2022 analysis period.
Total outstanding grew from $35.2M to $42.3M, driven by personal and auto loan originations with improving credit quality.
Weighted default rate declined from 3.36% to 3.14%, reflecting tighter underwriting standards and improved borrower screening.
Operating expenses cut by 30% through process automation and streamlined reporting, boosting net margins across all product lines.
Outstanding principal balance
Interest income less cost of funds
Across all product lines
Net income / total assets
OpEx reduced by 30% YoY
Provisions / NPLs
Personal loans represent the largest segment at 35% of the portfolio, followed by auto loans (26.5%) and home equity lines (21%). The mix reflects a deliberate tilt toward higher-yielding unsecured products balanced by secured collateral positions.
Stacked area chart showing quarterly portfolio evolution by product line. Total outstanding grew from $35.2M to $42.3M over the analysis window, a 20.2% increase driven primarily by personal and auto loan originations.
Origination volume increased steadily from 485 to 670 loans per month, while the default rate declined from 3.4% to 2.8%. Net interest margin expanded from 4.51% to 4.82%, reflecting improved pricing discipline and lower cost of funds.
Delinquency buckets by product line. Personal loans show the highest 90+ DPD concentration at 2.9%, consistent with their unsecured nature. HELOCs maintain the strongest current rate at 96.8%.
| Bucket | Personal | Auto | HELOC | SMB | Student |
|---|---|---|---|---|---|
| Current | 88.2% | 94.1% | 96.8% | 89.5% | 95.2% |
| 30 DPD | 5.8% | 3.2% | 1.8% | 4.8% | 2.6% |
| 60 DPD | 3.1% | 1.5% | 0.8% | 2.9% | 1.2% |
| 90+ DPD | 2.9% | 1.2% | 0.6% | 2.8% | 1% |
Analyst's Note: The portfolio demonstrates healthy diversification across secured and unsecured products. The declining default trend and expanding NIM suggest that the underwriting improvements and cost reduction initiatives implemented during the analysis period are yielding measurable results. The 30% reduction in operating expenses is particularly noteworthy and warrants further examination in the profitability matrix.