Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | June 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | May 1, 2004 | Previous Distribution Date: | May 17, 2004 | |||
Collection Period End Date: | May 31, 2004 | Previous Collection Period End Date: | April 30, 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 Interest 05/17/04 | Unpaid Interest 06/15/04 | ||||||||||||||
| 05/17/04 | 06/15/04 | 05/17/04 | 06/15/04 | |||||||||||||||
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 | 22,074,456 | 16,125,876 | 21.30 | % | 15.56 | % | — | — | |||||||||
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: | June 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | May 1, 2004 | Previous Distribution Date: | May 17, 2004 | |||
Collection Period End Date: | May 31, 2004 | Previous Collection Period End Date: | April 30, 2004 |
E. Portfolio Characteristics | Initial Balance | Balance as of | Percent of Original as of | |||||||||||||||||
| 9/30/00 | 04/30/04 | 05/31/04 | 04/30/04 | 05/31/04 | ||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 64,844,456 | $ | 58,895,876 | 6.82 | % | 6.20 | % | |||||||||
ii. | Number of Contracts | 73,293 | 13,337 | 12,582 | 18.20 | % | 17.17 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.61 | % | 9.62 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 64.38 | 64.50 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 17.32 | 16.63 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 47.07 | 47.87 | ||||||||||||||||
| F. Portfolio Performance | # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | ||||||||||||||||||||
| 04/30/04 | 05/31/04 | 04/30/04 | 05/31/04 | 04/30/04 | 05/31/04 | 04/30/04 | 05/31/04 | |||||||||||||||||
i. | 30-59 Days Delinquent | 285 | 317 | 2.14 | % | 2.52 | % | $ | 1,581,229 | $ | 1,766,637 | 2.44 | % | 3.00 | % | |||||||||
ii. | 60-89 Days Delinquent | 72 | 80 | 0.54 | % | 0.64 | % | 406,012 | 316,365 | 0.63 | % | 0.54 | % | |||||||||||
iii. | 90-119 Days Delinquent | 27 | 19 | 0.20 | % | 0.15 | % | 113,561 | 81,991 | 0.18 | % | 0.14 | % | |||||||||||
iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
v. | Repo In Inventory (Charged-off) | 6 | 4 | 0.04 | % | 0.03 | % | 39,600 | 25,551 | 0.06 | % | 0.04 | % | |||||||||||
vi. | Repo In Inventory (Not Charged-Off) | 10 | 9 | 0.07 | % | 0.07 | % | 57,402 | 62,783 | 0.09 | % | 0.11 | % | |||||||||||
vii. | Gross Charge-Offs in Period | 23 | 24 | 0.17 | % | 0.19 | % | 110,919 | 85,547 | 0.17 | % | 0.15 | % | |||||||||||
G. Portfolio Charge-Offs | $ | % of Original Balance | ||||||||||||||
| 04/30/04 | 05/31/04 | 04/30/04 | 05/31/04 | |||||||||||||
i. | Gross Charge-Offs In Period | $ | 110,919 | $ | 85,547 | 0.012 | % | 0.009 | % | |||||||
ii. | Cumulative Gross Charge-Offs | 15,393,807 | 15,479,354 | 1.620 | % | 1.629 | % | |||||||||
iii. | Net Losses In Period | (35,464 | ) | (26,857 | ) | -0.004 | % | -0.003 | % | |||||||
iv. | Cumulative Net Losses | 9,079,331 | 9,052,474 | 0.955 | % | 0.952 | % | |||||||||
H. Pool Collections | |||||
i. | Borrower Interest Collections | $ | 492,482.01 | ||
ii. | Borrower Principal Collections | 5,644,445.38 | |||
iii. | Net Liquidation Proceeds | 9,334.57 | |||
iv. | Recoveries | 112,403.63 | |||
v. | Repurchase Amounts (Interest) | 1,843.60 | |||
vi. | Repurchase Amounts (Principal) | 209,252.55 | |||
vii. | Total Interest Collections | 494,325.61 | |||
viii. | Total Principal Collections | 5,975,436.13 | |||
I. Pool Balance Reconciliation | |||||
i. | Beginning Pool Balance | $ | 64,844,455.55 | ||
ii. | Pool Balance Reductions from Principal Collections | 5,863,032.50 | |||
iii. | Gross Charge-Offs In Period | 85,546.68 | |||
iv. | Ending Pool Balance | 58,895,876.37 | |||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | June 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | May 1, 2004 | Previous Distribution Date: | May 17, 2004 | |||
Collection Period End Date: | May 31, 2004 | Previous Collection Period End Date: | April 30, 2004 |
J. Total Available | ||||||||
i. | Total Pool Collections | 6,469,761.74 | ||||||
ii. | Reinvestment Income from Reserve Account | 2,533.67 | ||||||
| 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 | $ | 6,472,295.41 | |||||
K. Waterfall | Calculation Steps | Amount Due | Amount for Distribution | Reserve Balance | Reserve Account Draw | Amount Paid | ||||||||||||||
| Servicing Fee | $ | 54,037.05 | ||||||||||||||||||
| Previous Servicing Fee Shortfall | 0.00 | |||||||||||||||||||
i. | Total Servicing Fee | 54,037.05 | $ | 54,037.05 | $ | 6,472,295.41 | $ | 7,128,117.29 | $ | 0.00 | $ | 54,037.05 | ||||||||
ii. | Class A Notes Interest Distribution | 124,352.77 | 6,418,258.36 | 7,128,117.29 | 0.00 | 124,352.77 | ||||||||||||||
| Class A Notes Balance | 22,074,455.55 | |||||||||||||||||||
| Pool Balance | 58,895,876.37 | |||||||||||||||||||
iii. | First Priority Principal Distribution | 0.00 | 0.00 | 6,293,905.60 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
iv. | Class B Notes Interest Distribution | 168,209.00 | 6,293,905.60 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||||||||
| Class A and B Notes Balance | 50,584,455.55 | |||||||||||||||||||
| Pool Balance | 58,895,876.37 | |||||||||||||||||||
v. | Second Priority Principal Distribution | 0.00 | 0.00 | 6,125,696.60 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
vi. | Class C Notes Interest Distribution | 88,412.00 | 6,125,696.60 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||||||||
vii. | Reserve Fund Deposit | 0.00 | 6,037,284.60 | 0.00 | ||||||||||||||||
| Outstanding Money Market Securities | 0.00 | |||||||||||||||||||
| Total Notes Balance | 64,844,455.55 | |||||||||||||||||||
| Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||||||||
| Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||||||||
| Specified Overcollateralization Amount | 0.00 | |||||||||||||||||||
| Target Securities Balance | 58,895,876.37 | |||||||||||||||||||
viii. | Regular Principal Distribution | 5,948,579.18 | 5,948,579.18 | 6,037,284.60 | 5,948,579.18 | |||||||||||||||
ix. | Release to Seller | 88,705.42 | 88,705.42 | 7,128,117.29 | 88,705.42 | |||||||||||||||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | June 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | May 1, 2004 | Previous Distribution Date: | May 17, 2004 | |||
Collection Period End Date: | May 31, 2004 | Previous Collection Period End Date: | April 30, 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 | $ | 124,352.77 | $ | — | $ | — | $ | 124,352.77 | $ | 124,352.77 | $ | — | |||||||||||
Class A-1 Notes | 6.745 | % | 29 | — | — | — | — | — | — | ||||||||||||||
Class A-2 Notes | 6.70 | % | 30 | — | — | — | — | — | — | ||||||||||||||
Class A-3 Notes | 6.67 | % | 30 | — | — | — | — | — | — | ||||||||||||||
Class A-4 Notes | 6.76 | % | 30 | 124,352.77 | — | — | 124,352.77 | 124,352.77 | — | ||||||||||||||
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 | 5,948,579.18 | ||
Total Principal Distribution | 5,948,579.18 | ||
Class A-1 Notes Principal Distribution | — | ||
Class A-2 Notes Principal Distribution | — | ||
Class A-3 Notes Principal Distribution | — | ||
Class A-4 Notes Principal Distribution | 5,948,579.18 | ||
Class B Notes Principal Distribution | — | ||
Class C Notes Principal Distribution | — | ||
