Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | August 1, 2003 | Previous Distribution Date: | August 15, 2003 | |||||
Collection Period End Date: | August 31, 2003 | Previous Collection Period End Date: | July 31, 2003 |
| A. Initial Bond Characteristics | Cutoff Balance | Coupon | Accrual Calendar | Legal Final Maturity | CUSIP | |||||||||
i. | Class A-1 Notes | $ | 230,000,000 | 6.745 | % | Actual/360 | 11/15/2001 | 03216TAA8 | ||||||
ii. | Class A-2 Notes | 240,000,000 | 6.700 | % | 30/360 | 02/17/2003 | 03216TAB6 | |||||||
iii. | Class A-3 Notes | 315,000,000 | 6.670 | % | 30/360 | 07/15/2004 | 03216TAC4 | |||||||
iv. | Class A-4 Notes | 103,640,000 | 6.760 | % | 30/360 | 02/15/2005 | 03216TAD2 | |||||||
v. | Class B Notes | 28,510,000 | 7.080 | % | 30/360 | 07/15/2005 | 03216TAE0 | |||||||
vi. | Class C Notes | 14,260,000 | 7.440 | % | 30/360 | 02/15/2007 | 03216TAF7 | |||||||
| B. Bond Balances | Balance as of | % of Original Balance | Unpaid Interest | Unpaid Interest | ||||||||||||||
| 08/15/03 | 09/15/03 | 08/15/03 | 09/15/03 | 08/15/03 | 09/15/03 | |||||||||||||
i. | Class A-1 Notes | $ | 0 | $ | 0 | 0.00 | % | 0.00 | % | — | — | |||||||
ii. | Class A-2 Notes | — | — | 0.00 | % | 0.00 | % | — | — | |||||||||
iii. | Class A-3 Notes | — | — | 0.00 | % | 0.00 | % | — | — | |||||||||
iv. | Class A-4 Notes | 99,747,781 | 88,826,442 | 96.24 | % | 85.71 | % | — | — | |||||||||
v. | Class B Notes | 28,510,000 | 28,510,000 | 100.00 | % | 100.00 | % | — | — | |||||||||
vi. | Class C Notes | 14,260,000 | 14,260,000 | 100.00 | % | 100.00 | % | — | — | |||||||||
| C. Reserve Account | ||||||
i. | Initial Reserve Deposit | $ | 7,128,117.29 | |||
ii. | Beginning of Period Reserve Balance | 7,128,117.29 | ||||
iii. | Specified Reserve Account Percent | 0.75 | % of Initial Pool Balance | |||
iv. | Specified Reserve Account Floor | 7,128,117.29 | ||||
v. | Specified Reserve Account Balance | 7,128,117.29 | ||||
vi. | Reserve Account Release | — | ||||
vii. | Reserve Account Draws | — | ||||
viii. | Reserve Account Deposits | — | ||||
ix. | End of Period Reserve Balance | 7,128,117.29 | ||||
x. | Specified Credit Enhancement Percent | 3.25 | % | |||
xi. | Specified Credit Enhancement Floor | 7,128,117.29 | ||||
| D. Servicing | |||||
i. | Servicing Fee Percentage | 1.00 | % | ||
ii. | Beginning of Period Servicing Shortfall | — | |||
iii. | End of Period Servicing Shortfall | — | |||
Page 1 of 4
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | August 1, 2003 | Previous Distribution Date: | August 15, 2003 | |||||
Collection Period End Date: | August 31, 2003 | Previous Collection Period End Date: | July 31, 2003 |
| E. Portfolio Characteristics | Initial Balance | Balance as of | Percent of Original as of | |||||||||||||||||
| 9/30/00 | 07/31/03 | 08/31/03 | 07/31/03 | 08/31/03 | ||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 142,517,781 | $ | 131,596,442 | 15.00 | % | 13.85 | % | |||||||||
ii. | Number of Contracts | 73,293 | 22,110 | 20,913 | 30.17 | % | 28.53 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.54 | % | 9.55 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 63.58 | 63.66 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 23.94 | 23.19 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 39.64 | 40.46 | ||||||||||||||||
| F. Portfolio Performance | # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | ||||||||||||||||||||
| 07/31/03 | 08/31/03 | 07/31/03 | 08/31/03 | 07/31/03 | 08/31/03 | 07/31/03 | 08/31/03 | |||||||||||||||||
i. | 30-59 Days Delinquent | 486 | 443 | 2.20 | % | 2.12 | % | $ | 3,319,276 | $ | 3,006,637 | 2.33 | % | 2.28 | % | |||||||||
ii. | 60-89 Days Delinquent | 106 | 103 | 0.48 | % | 0.49 | % | 708,662 | 631,384 | 0.50 | % | 0.48 | % | |||||||||||
iii. | 90-119 Days Delinquent | 43 | 34 | 0.19 | % | 0.16 | % | 276,878 | 150,616 | 0.19 | % | 0.11 | % | |||||||||||
iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
v. | Repo In Inventory (Charged-off) | 4 | 10 | 0.02 | % | 0.05 | % | 17,656 | 39,299 | 0.01 | % | 0.03 | % | |||||||||||
vi. | Repo In Inventory (Not Charged-Off) | 25 | 14 | 0.11 | % | 0.07 | % | 181,551 | 109,951 | 0.13 | % | 0.08 | % | |||||||||||
vii. | Gross Charge-Offs in Period | 36 | 35 | 0.16 | % | 0.17 | % | 242,515 | 181,551 | 0.17 | % | 0.14 | % | |||||||||||
| G. Portfolio Charge-Offs | $ | % of Original Balance | ||||||||||||
| 07/31/03 | 08/31/03 | 07/31/03 | 08/31/03 | |||||||||||
i. | Gross Charge-Offs In Period | $ | 242,515 | $ | 181,551 | 0.026 | % | 0.019 | % | |||||
ii. | Cumulative Gross Charge-Offs | 14,096,094 | 14,277,644 | 1.483 | % | 1.502 | % | |||||||
iii. | Net Losses In Period | 136,361 | 61,900 | 0.014 | % | 0.007 | % | |||||||
iv. | Cumulative Net Losses | 8,923,591 | 8,985,491 | 0.939 | % | 0.945 | % | |||||||
| H. Pool Collections | |||||
i. | Borrower Interest Collections | $ | 1,141,798.89 | ||
ii. | Borrower Principal Collections | 10,622,528.87 | |||
iii. | Net Liquidation Proceeds | 57,754.88 | |||
iv. | Recoveries | 119,650.99 | |||
v. | Repurchase Amounts (Interest) | 541.14 | |||
vi. | Repurchase Amounts (Principal) | 59,503.67 | |||
vii. | Total Interest Collections | 1,142,340.03 | |||
viii. | Total Principal Collections | 10,859,438.41 | |||
| I. Pool Balance Reconciliation | |||||
i. | Beginning Pool Balance | $ | 142,517,780.51 | ||
ii. | Pool Balance Reductions from Principal Collections | 10,739,787.42 | |||
iii. | Gross Charge-Offs In Period | 181,550.82 | |||
iv. | Ending Pool Balance | 131,596,442.27 | |||
Page 2 of 4
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | August 1, 2003 | Previous Distribution Date: | August 15, 2003 | |||||
Collection Period End Date: | August 31, 2003 | Previous Collection Period End Date: | July 31, 2003 |
| J. Total Available | ||||||
i. | Total Pool Collections | $12,001,778.44 | ||||
ii. | Reinvestment Income from Reserve Account | 1,162.12 | ||||
| Reserve Account Balance | $7,128,117.29 | |||||
| Specified Reserve Account Amount | 7,128,117.29 | |||||
iii. | Reserve Account Release | 0.00 | 0.00 | |||
iv. | Collected Funds | $12,002,940.56 | ||||
| K. Waterfall | Calculation Steps | Amount Due | Amount Available for Distribution | Reserve Balance | Reserve Account Draw | Amount Paid | ||||||||
| Servicing Fee | $118,764.82 | |||||||||||||
| Previous Servicing Fee Shortfall | 0.00 | |||||||||||||
i. | Total Servicing Fee | 118,764.82 | $118,764.82 | $12,002,940.56 | $7,128,117.29 | $0.00 | $118,764.82 | |||||||
ii. | Class A Notes Interest Distribution | 561,912.50 | 11,884,175.74 | 7,128,117.29 | 0.00 | 561,912.50 | ||||||||
| Class A Notes Balance | 99,747,780.51 | |||||||||||||
| Pool Balance | 131,596,442.27 | |||||||||||||
iii. | First Priority Principal Distribution | 0.00 | 0.00 | 11,322,263.25 | 7,128,117.29 | 0.00 | 0.00 | |||||||
iv. | Class B Notes Interest Distribution | 168,209.00 | 11,322,263.25 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||
| Class A and B Notes Balance | 128,257,780.51 | |||||||||||||
| Pool Balance | 131,596,442.27 | |||||||||||||
v. | Second Priority Principal Distribution | 0.00 | 0.00 | 11,154,054.25 | 7,128,117.29 | 0.00 | 0.00 | |||||||
vi. | Class C Notes Interest Distribution | 88,412.00 | 11,154,054.25 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||
vii. | Reserve Fund Deposit | 0.00 | 11,065,642.25 | 0.00 | ||||||||||
| Outstanding Money Market Securities | 0.00 | |||||||||||||
| Total Notes Balance | 142,517,780.51 | |||||||||||||
| Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||
| Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||
| Specified Overcollateralization Amount | 0.00 | |||||||||||||
| Target Securities Balance | 131,596,442.27 | |||||||||||||
viii. | Regular Principal Distribution | 10,921,338.24 | 10,921,338.24 | 11,065,642.25 | 10,921,338.24 | |||||||||
ix. | Release to Seller | 144,304.01 | 144,304.01 | 7,128,117.29 | 144,304.01 | |||||||||
Page 3 of 4
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | August 1, 2003 | Previous Distribution Date: | August 15, 2003 | |||||
Collection Period End Date: | August 31, 2003 | Previous Collection Period End Date: | July 31, 2003 |
| L. Bond Interest Distributions | Coupon | Number of Days in Period | Current Interest | Previous Interest Shortfall | Accrued Interest on Interest Shortfall | Total Bond Due | Total Bond Paid | Interest Shortfall | |||||||||||||||
Total Class A Notes | $ | 561,912.50 | $ | — | $ | — | $ | 561,912.50 | $ | 561,912.50 | $ | — | |||||||||||
Class A-1 Notes | 6.745 | % | 31 | — | — | — | — | — | — | ||||||||||||||
Class A-2 Notes | 6.70 | % | 30 | — | — | — | — | — | — | ||||||||||||||
Class A-3 Notes | 6.67 | % | 30 | — | — | — | — | — | — | ||||||||||||||
Class A-4 Notes | 6.76 | % | 30 | 561,912.50 | — | — | 561,912.50 | 561,912.50 | — | ||||||||||||||
Class B Notes | 7.08 | % | 30 | 168,209.00 | — | — | 168,209.00 | 168,209.00 | — | ||||||||||||||
Class C Notes | 7.44 | % | 30 | 88,412.00 | — | — | 88,412.00 | 88,412.00 | — | ||||||||||||||
| M. Bond Principal Distributions | |||
First Priority Principal Distribution | $ | — | |
Second Priority Principal Distribution | — | ||
Regular Principal Distribution | 10,921,338.24 | ||
Total Principal Distribution | 10,921,338.24 | ||
Class A-1 Notes Principal Distribution | — | ||
Class A-2 Notes Principal Distribution | — | ||
Class A-3 Notes Principal Distribution | — | ||
Class A-4 Notes Principal Distribution | 10,921,338.24 | ||
Class B Notes Principal Distribution | — | ||
Class C Notes Principal Distribution | — | ||
Page 4 of 4
