Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | April 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | March 1, 2004 | Previous Distribution Date: | March 15, 2004 | |||
Collection Period End Date: | March 31, 2004 | Previous Collection Period End Date: | February 29, 2004 |
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 03/15/04 | Unpaid 04/15/04 | ||||||||||||||
| 03/15/04 | 04/15/04 | 03/15/04 | 04/15/04 | |||||||||||||||
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 | 36,746,298 | 28,666,380 | 35.46 | % | 27.66 | % | — | — | |||||||||
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 | — | |||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | April 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | March 1, 2004 | Previous Distribution Date: | March 15, 2004 | |||
Collection Period End Date: | March 31, 2004 | Previous Collection Period End Date: | February 29, 2004 |
Initial Balance 9/30/00 | Balance as of | Percent of Original as of | ||||||||||||||||||
E. Portfolio Characteristics | 02/29/04 | 03/31/04 | 02/29/04 | 03/31/04 | ||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 79,516,298 | $ | 71,436,380 | 8.37 | % | 7.52 | % | |||||||||
ii. | Number of Contracts | 73,293 | 15,174 | 14,153 | 20.70 | % | 19.31 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.59 | % | 9.60 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 64.13 | 64.25 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 18.76 | 18.05 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 45.37 | 46.21 | ||||||||||||||||
| # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | |||||||||||||||||||||
F. Portfolio Performance | 02/29/04 | 03/31/04 | 02/29/04 | 03/31/04 | 02/29/04 | 03/31/04 | 02/29/04 | 03/31/04 | ||||||||||||||||
i. | 30-59 Days Delinquent | 348 | 327 | 2.29 | % | 2.31 | % | $ | 2,003,271 | $ | 1,972,487 | 2.52 | % | 2.76 | % | |||||||||
ii. | 60-89 Days Delinquent | 119 | 83 | 0.78 | % | 0.59 | % | 607,330 | 411,208 | 0.76 | % | 0.58 | % | |||||||||||
iii. | 90-119 Days Delinquent | 35 | 28 | 0.23 | % | 0.20 | % | 118,983 | 121,322 | 0.15 | % | 0.17 | % | |||||||||||
iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
v. | Repo In Inventory (Charged-off) | 3 | — | 0.02 | % | 0.00 | % | 14,100 | — | 0.02 | % | 0.00 | % | |||||||||||
vi. | Repo In Inventory (Not Charged-Off) | 12 | 11 | 0.08 | % | 0.08 | % | 82,719 | 60,164 | 0.10 | % | 0.08 | % | |||||||||||
vii. | Gross Charge-Offs in Period | 28 | 30 | 0.18 | % | 0.21 | % | 98,063 | 108,539 | 0.12 | % | 0.15 | % | |||||||||||
| $ | % of Original Balance | ||||||||||||||
G. Portfolio Charge-Offs | 02/29/04 | 03/31/04 | 02/29/04 | 03/31/04 | |||||||||||
i. | Gross Charge-Offs In Period | $ | 98,063 | $ | 108,539 | 0.010 | % | 0.011 | % | ||||||
ii. | Cumulative Gross Charge-Offs | 15,174,349 | 15,282,888 | 1.597 | % | 1.608 | % | ||||||||
iii. | Net Losses In Period | (34,342 | ) | 645 | -0.004 | % | 0.000 | % | |||||||
iv. | Cumulative Net Losses | 9,114,149 | 9,114,794 | 0.959 | % | 0.959 | % | ||||||||
H. Pool Collections | |||||
i. | Borrower Interest Collections | $ | 653,777.66 | ||
ii. | Borrower Principal Collections | 7,945,972.49 | |||
iii. | Net Liquidation Proceeds | 13,422.19 | |||
iv. | Recoveries | 107,894.09 | |||
v. | Repurchase Amounts (Interest) | 96.49 | |||
vi. | Repurchase Amounts (Principal) | 11,984.32 | |||
vii. | Total Interest Collections | 653,874.15 | |||
viii. | Total Principal Collections | 8,079,273.09 | |||
I. Pool Balance Reconciliation | |||||
i. | Beginning Pool Balance | $ | 79,516,298.12 | ||
ii. | Pool Balance Reductions from Principal Collections | 7,971,379.00 | |||
iii. | Gross Charge-Offs In Period | 108,539.16 | |||
iv. | Ending Pool Balance | 71,436,379.96 | |||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | April 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | March 1, 2004 | Previous Distribution Date: | March 15, 2004 | |||
Collection Period End Date: | March 31, 2004 | Previous Collection Period End Date: | February 29, 2004 |
J. Total Available | ||||||||
i. | Total Pool Collections | $ | 8,733,147.24 | |||||
ii. | Reinvestment Income from Reserve Account | 1,219.57 | ||||||
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 | $ | 8,734,366.81 | |||||
K. Waterfall | Calculation Steps | Amount Due | Amount for Distribution | Reserve Balance | Reserve Account Draw | Amount Paid | ||||||||||||||
Servicing Fee | $ | 66,263.58 | ||||||||||||||||||
Previous Servicing Fee Shortfall | 0.00 | |||||||||||||||||||
i. | Total Servicing Fee | 66,263.58 | $ | 66,263.58 | $ | 8,734,366.81 | $ | 7,128,117.29 | $ | 0.00 | $ | 66,263.58 | ||||||||
ii. | Class A Notes Interest Distribution | 207,004.15 | 8,668,103.23 | 7,128,117.29 | 0.00 | 207,004.15 | ||||||||||||||
Class A Notes Balance | 36,746,298.12 | |||||||||||||||||||
Pool Balance | 71,436,379.96 | |||||||||||||||||||
iii. | First Priority Principal Distribution | 0.00 | 0.00 | 8,461,099.08 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
iv. | Class B Notes Interest Distribution | 168,209.00 | 8,461,099.08 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||||||||
Class A and B Notes Balance | 65,256,298.12 | |||||||||||||||||||
Pool Balance | 71,436,379.96 | |||||||||||||||||||
v. | Second Priority Principal Distribution | 0.00 | 0.00 | 8,292,890.08 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
vi. | Class C Notes Interest Distribution | 88,412.00 | 8,292,890.08 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||||||||
vii. | Reserve Fund Deposit | 0.00 | 8,204,478.08 | 0.00 | ||||||||||||||||
Outstanding Money Market Securities | 0.00 | |||||||||||||||||||
Total Notes Balance | 79,516,298.12 | |||||||||||||||||||
Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||||||||
Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||||||||
Specified Overcollateralization Amount | 0.00 | |||||||||||||||||||
Target Securities Balance | 71,436,379.96 | |||||||||||||||||||
viii. | Regular Principal Distribution | 8,079,918.16 | 8,079,918.16 | 8,204,478.08 | 8,079,918.16 | |||||||||||||||
ix. | Release to Seller | 124,559.92 | 124,559.92 | 7,128,117.29 | 124,559.92 | |||||||||||||||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | April 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | March 1, 2004 | Previous Distribution Date: | March 15, 2004 | |||
Collection Period End Date: | March 31, 2004 | Previous Collection Period End Date: | February 29, 2004 |
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 | $ | 207,004.15 | $ | — | $ | — | $ | 207,004.15 | $ | 207,004.15 | $ | — | |||||||||||
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 | 207,004.15 | — | — | 207,004.15 | 207,004.15 | — | ||||||||||||||
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 | 8,079,918.16 | ||
Total Principal Distribution | 8,079,918.16 | ||
Class A-1 Notes Principal Distribution | — | ||
Class A-2 Notes Principal Distribution | — | ||
Class A-3 Notes Principal Distribution | — | ||
Class A-4 Notes Principal Distribution | 8,079,918.16 | ||
Class B Notes Principal Distribution | — | ||
Class C Notes Principal Distribution | — | ||
