77 CONSOLIDATED FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 45 13 Loans and Advances …continued i) Loans and advances are comprised of the following: …continued A portfolio of mortgage loans of CAPITA Financial Services Inc. Barbados has been pledged as security for certain customer deposits totalling $5,000,000 (2025 - $5,000,000). ii) The movement in the expected credit loss allowance is as follows: 2026 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 31,110,117 994,000 7,616,940 39,721,057 Net charged off amounts reversed (190,428) – 507,379 316,951 Expected credit (release)/loss 567,074 (68,817) 339,157 837,414 Balance, end of year 31,486,763 925,183 8,463,476 40,875,422 2025 Consumer $ Business $ Mortgages $ Total $ Balance, beginning of year 34,997,098 637,911 8,908,482 44,543,491 Amounts charged off/ written-off (4,859,667) (118,775) (156,859) (5,135,301) Expected credit (release)/loss 972,686 474,864 (1,134,683) 312,867 Balance, end of year 31,110,117 994,000 7,616,940 39,721,057
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