Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | October 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | September 1, 2003 | Previous Distribution Date: | September 15, 2003 | |||||
Collection Period End Date: | September 30, 2003 | Previous Collection Period End Date: | August 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 | ||||||||||||||
| 09/15/03 | 10/15/03 | 09/15/03 | 10/15/03 | 09/15/03 | 10/15/03 | |||||||||||||
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 | 88,826,442 | 78,303,137 | 85.71 | % | 75.55 | % | — | — | |||||||||
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: | October 15, 2003 | Closing Date: | October 19, 2000 | |||||||
Collection Period Begin Date: | September 1, 2003 | Previous Distribution Date: | September 15, 2003 | |||||||
Collection Period End Date: | September 30, 2003 | Previous Collection Period End Date: | August 31, 2003 | |||||||
| E. Portfolio Characteristics | Initial Balance | Balance as of | Percent of Original as of | |||||||||||||||||
| 09/30/00 | 08/31/03 | 09/30/03 | 08/31/03 | 09/30/03 | ||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 131,596,442 | $ | 121,073,137 | 13.85 | % | 12.74 | % | |||||||||
ii. | Number of Contracts | 73,293 | 20,913 | 19,778 | 28.53 | % | 26.98 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.55 | % | 9.55 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 63.66 | 63.74 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 23.19 | 22.46 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 40.46 | 41.28 | ||||||||||||||||
| F. Portfolio Performance | # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | ||||||||||||||||||||
| 08/31/03 | 09/30/03 | 08/31/03 | 09/30/03 | 08/31/03 | 09/30/03 | 08/31/03 | 09/30/03 | |||||||||||||||||
i. | 30-59 Days Delinquent | 443 | 450 | 2.12 | % | 2.28 | % | $ | 3,006,637 | $ | 2,903,993 | 2.28 | % | 2.40 | % | |||||||||
ii. | 60-89 Days Delinquent | 103 | 122 | 0.49 | % | 0.62 | % | 631,384 | 715,122 | 0.48 | % | 0.59 | % | |||||||||||
iii. | 90-119 Days Delinquent | 34 | 33 | 0.16 | % | 0.17 | % | 150,616 | 159,053 | 0.11 | % | 0.13 | % | |||||||||||
iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
v. | Repo In Inventory (Charged-off) | 10 | 3 | 0.05 | % | 0.02 | % | 39,299 | 18,600 | 0.03 | % | 0.02 | % | |||||||||||
vi. | Repo In Inventory (Not Charged-Off) | 14 | 15 | 0.07 | % | 0.08 | % | 109,951 | 89,291 | 0.08 | % | 0.07 | % | |||||||||||
vii. | Gross Charge-Offs in Period | 35 | 29 | 0.17 | % | 0.15 | % | 181,551 | 141,476 | 0.14 | % | 0.12 | % | |||||||||||
| G. Portfolio Charge-Offs | $ | % of Original Balance | ||||||||||||
| 08/31/03 | 09/30/03 | 08/31/03 | 09/30/03 | |||||||||||
i. | Gross Charge-Offs In Period | $ | 181,551 | $ | 141,476 | 0.019 | % | 0.015 | % | |||||
ii. | Cumulative Gross Charge-Offs | 14,277,644 | 14,419,120 | 1.502 | % | 1.517 | % | |||||||
iii. | Net Losses In Period | 61,900 | 1,534 | 0.007 | % | 0.000 | % | |||||||
iv. | Cumulative Net Losses | 8,985,491 | 8,987,025 | 0.945 | % | 0.946 | % | |||||||
| H. Pool Collections | |||||
i. | Borrower Interest Collections | $ | 1,086,259.46 | ||
ii. | Borrower Principal Collections | 10,289,091.65 | |||
iii. | Net Liquidation Proceeds | 41,589.34 | |||
iv. | Recoveries | 139,942.18 | |||
v. | Repurchase Amounts (Interest) | 486.40 | |||
vi. | Repurchase Amounts (Principal) | 51,148.25 | |||
vii. | Total Interest Collections | 1,086,745.86 | |||
viii. | Total Principal Collections | 10,521,771.42 | |||
| I. Pool Balance Reconciliation | |||||
i. | Beginning Pool Balance | $ | 131,596,442.27 | ||
ii. | Pool Balance Reductions from Principal Collections | 10,381,829.24 | |||
iii. | Gross Charge-Offs In Period | 141,475.72 | |||
iv. | Ending Pool Balance | 121,073,137.31 | |||
Page 2 of 4
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | October 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | September 1, 2003 | Previous Distribution Date: | September 15, 2003 | |||||
Collection Period End Date: | September 30, 2003 | Previous Collection Period End Date: | August 31, 2003 |
| J. Total Available | ||||||||
i. | Total Pool Collections | $ | 11,608,517.28 | |||||
ii. | Reinvestment Income from Reserve Account | 1,179.02 | ||||||
| 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 | $ | 11,609,696.30 | |||||
| K. Waterfall | Calculation Steps | Amount Due | Amount for | Reserve Balance | Reserve Account Draw | Amount Paid | ||||||||||||||
| Servicing Fee | $ | 109,663.70 | ||||||||||||||||||
| Previous Servicing Fee Shortfall | 0.00 | |||||||||||||||||||
i. | Total Servicing Fee | 109,663.70 | $ | 109,663.70 | $ | 11,609,696.30 | $ | 7,128,117.29 | $ | 0.00 | $ | 109,663.70 | ||||||||
ii. | Class A Notes Interest Distribution | 500,388.96 | 11,500,032.60 | 7,128,117.29 | 0.00 | 500,388.96 | ||||||||||||||
Class A Notes Balance | 88,826,442.27 | |||||||||||||||||||
Pool Balance | 121,073,137.31 | |||||||||||||||||||
iii. | First Priority Principal Distribution | 0.00 | 0.00 | 10,999,643.64 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
iv. | Class B Notes Interest Distribution | 168,209.00 | 10,999,643.64 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||||||||
| Class A and B Notes Balance | 117,336,442.27 | |||||||||||||||||||
| Pool Balance | 121,073,137.31 | |||||||||||||||||||
v. | Second Priority Principal Distribution | 0.00 | 0.00 | 10,831,434.64 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
vi. | Class C Notes Interest Distribution | 88,412.00 | 10,831,434.64 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||||||||
vii. | Reserve Fund Deposit | 0.00 | 10,743,022.64 | 0.00 | ||||||||||||||||
| Outstanding Money Market Securities | 0.00 | |||||||||||||||||||
| Total Notes Balance | 131,596,442.27 | |||||||||||||||||||
| Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||||||||
| Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||||||||
| Specified Overcollateralization Amount | 0.00 | |||||||||||||||||||
| Target Securities Balance | 121,073,137.31 | |||||||||||||||||||
viii. | Regular Principal Distribution | 10,523,304.96 | 10,523,304.96 | 10,743,022.64 | 10,523,304.96 | |||||||||||||||
ix. | Release to Seller | 219,717.68 | 219,717.68 | 7,128,117.29 | 219,717.68 | |||||||||||||||
Page 3 of 4
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | October 15, 2003 | Closing Date: | October 19, 2000 | |||||
Collection Period Begin Date: | September 1, 2003 | Previous Distribution Date: | September 15, 2003 | |||||
Collection Period End Date: | September 30, 2003 | Previous Collection Period End Date: | August 31, 2003 |
| L. Bond Interest Distributions | Coupon | Number of Days in Period | Current Interest | Previous Interest Shortfall | Accrued Interest on Interest Shortfall | Total Bond Interest Due | Total Bond Interest Paid | Interest Shortfall | |||||||||||||||||
Total Class A Notes | $ | 500,388.96 | $ | — | $ | — | $ | 500,388.96 | $ | 500,388.96 | $ | — | |||||||||||||
Class A-1 Notes | 6.745 | % | 30 | — | — | — | — | — | — | ||||||||||||||||
Class A-2 Notes | 6.70 | % | 30 | — | — | — | — | — | — | ||||||||||||||||
Class A-3 Notes | 6.67 | % | 30 | — | — | — | — | — | — | ||||||||||||||||
Class A-4 Notes | 6.76 | % | 30 | 500,388.96 | — | — | 500,388.96 | 500,388.96 | — | ||||||||||||||||
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 | 10,523,304.96 | ||
| Total Principal Distribution | 10,523,304.96 | ||
| Class A-1 Notes Principal Distribution | — | ||
| Class A-2 Notes Principal Distribution | — | ||
| Class A-3 Notes Principal Distribution | — | ||
| Class A-4 Notes Principal Distribution | 10,523,304.96 | ||
| Class B Notes Principal Distribution | — | ||
Class C Notes Principal Distribution | — | ||
Page 4 of 4
