Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | August 16, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | July 1, 2004 | Previous Distribution Date: | July 15, 2004 | |||
Collection Period End Date: | July 31, 2004 | Previous Collection Period End Date: | June 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 | Unpaid Interest | |||||||||||||||
| 07/15/04 | 08/16/04 | 07/15/04 | 8/16/04 | 07/15/04 | 08/16/04 | |||||||||||||
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 | 10,336,309 | 5,120,182 | 9.97 | % | 4.94 | % | — | — | |||||||||
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: | August 16, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | July 1, 2004 | Previous Distribution Date: | July 15, 2004 | |||
Collection Period End Date: | July 31, 2004 | Previous Collection Period End Date: | June 30, 2004 |
E. Portfolio Characteristics
Initial Balance 9/30/00 | Balance as of | Percent of Original as of | ||||||||||||||||||
| 06/30/04 | 07/31/04 | 06/30/04 | 07/31/04 | |||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 53,106,309 | $ | 47,890,182 | 5.59 | % | 5.04 | % | |||||||||
ii. | Number of Contracts | 73,293 | 11,768 | 11,070 | 16.06 | % | 15.10 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.63 | % | 9.64 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 64.64 | 64.74 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 15.95 | 15.18 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 48.69 | 49.56 | ||||||||||||||||
F. Portfolio Performance
| # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | |||||||||||||||||||||
| 06/30/04 | 07/31/04 | 06/30/04 | 07/31/04 | 06/30/04 | 07/31/04 | 06/30/04 | 07/31/04 | |||||||||||||||||
i. | 30-59 Days Delinquent | 296 | 335 | 2.52 | % | 3.03 | % | $ | 1,637,495 | $ | 1,698,427 | 3.08 | % | 3.55 | % | |||||||||
ii. | 60-89 Days Delinquent | 109 | 95 | 0.93 | % | 0.86 | % | 471,001 | 411,316 | 0.89 | % | 0.86 | % | |||||||||||
iii. | 90-119 Days Delinquent | 28 | 36 | 0.24 | % | 0.33 | % | 131,893 | 116,555 | 0.25 | % | 0.24 | % | |||||||||||
iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
v. | Repo In Inventory (Charged-off) | 3 | 4 | 0.03 | % | 0.04 | % | 16,709 | 20,830 | 0.03 | % | 0.04 | % | |||||||||||
vi. | Repo In Inventory (Not Charged-Off) | 2 | 7 | 0.02 | % | 0.06 | % | 8,427 | 36,720 | 0.02 | % | 0.08 | % | |||||||||||
vii. | Gross Charge-Offs in Period | 20 | 15 | 0.17 | % | 0.14 | % | 89,537 | 66,166 | 0.17 | % | 0.14 | % | |||||||||||
G. Portfolio Charge-Offs
| $ | % of Original Balance | |||||||||||||||
| 06/30/04 | 07/31/04 | 06/30/04 | 07/31/04 | |||||||||||||
i. | Gross Charge-Offs In Period | $ | 89,537 | $ | 66,166 | 0.009 | % | 0.007 | % | |||||||
ii. | Cumulative Gross Charge-Offs | 15,568,890 | 15,635,057 | 1.638 | % | 1.645 | % | |||||||||
iii. | Net Losses In Period | (37,100 | ) | (29,013 | ) | -0.004 | % | -0.003 | % | |||||||
iv. | Cumulative Net Losses | 9,015,373 | 8,986,361 | 0.949 | % | 0.946 | % | |||||||||
H. Pool Collections
i. | Borrower Interest Collections | $ | 448,437.91 | ||
ii. | Borrower Principal Collections | 5,117,165.47 | |||
iii. | Net Liquidation Proceeds | — | |||
iv. | Recoveries | 95,178.72 | |||
v. | Repurchase Amounts (Interest) | 271.40 | |||
vi. | Repurchase Amounts (Principal) | 32,795.10 | |||
vii. | Total Interest Collections | 448,709.31 | |||
viii. | Total Principal Collections | 5,245,139.29 |
I. Pool Balance Reconciliation
i. | Beginning Pool Balance | $ | 53,106,308.97 | ||
ii. | Pool Balance Reductions from Principal Collections | 5,149,960.57 | |||
iii. | Gross Charge-Offs In Period | 66,166.14 | |||
iv. | Ending Pool Balance | 47,890,182.26 |
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | August 16, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | July 1, 2004 | Previous Distribution Date: | July 15, 2004 | |||
Collection Period End Date: | July 31, 2004 | Previous Collection Period End Date: | June 30, 2004 |
J. Total Available
i. | Total Pool Collections | $ | 5,693,848.60 | |||||
ii. | Reinvestment Income from Reserve Account | 4,484.31 | ||||||
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 | $ | 5,698,332.91 |
K. Waterfall
| Calculation Steps | Amount Due | Amount for Distribution | Reserve Balance | Reserve Account Draw | Amount Paid | |||||||||||||||
Servicing Fee | $ | 44,255.26 | ||||||||||||||||||
Previous Servicing Fee Shortfall | 0.00 | |||||||||||||||||||
i. | Total Servicing Fee | 44,255.26 | $ | 44,255.26 | $ | 5,698,332.91 | $ | 7,128,117.29 | $ | 0.00 | $ | 44,255.26 | ||||||||
ii. | Class A Notes Interest Distribution | 58,227.87 | 5,654,077.65 | 7,128,117.29 | 0.00 | 58,227.87 | ||||||||||||||
Class A Notes Balance | 10,336,308.97 | |||||||||||||||||||
Pool Balance | 47,890,182.26 | |||||||||||||||||||
iii. | First Priority Principal Distribution | 0.00 | 0.00 | 5,595,849.78 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
iv. | Class B Notes Interest Distribution | 168,209.00 | 5,595,849.78 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||||||||
Class A and B Notes Balance | 38,846,308.97 | |||||||||||||||||||
Pool Balance | 47,890,182.26 | |||||||||||||||||||
v. | Second Priority Principal Distribution | 0.00 | 0.00 | 5,427,640.78 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
vi. | Class C Notes Interest Distribution | 88,412.00 | 5,427,640.78 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||||||||
vii. | Reserve Fund Deposit | 0.00 | 5,339,228.78 | 0.00 | ||||||||||||||||
Outstanding Money Market Securities | 0.00 | |||||||||||||||||||
Total Notes Balance | 53,106,308.97 | |||||||||||||||||||
Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||||||||
Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||||||||
Specified Overcollateralization Amount | 0.00 | |||||||||||||||||||
Target Securities Balance | 47,890,182.26 | |||||||||||||||||||
viii. | Regular Principal Distribution | 5,216,126.71 | 5,216,126.71 | 5,339,228.78 | 5,216,126.71 | |||||||||||||||
ix. | Release to Seller | 123,102.07 | 123,102.07 | 7,128,117.29 | 123,102.07 | |||||||||||||||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | August 16, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | July 1, 2004 | Previous Distribution Date: | July 15, 2004 | |||
Collection Period End Date: | July 31, 2004 | Previous Collection Period End Date: | June 30, 2004 |
L. Bond Interest Distributions
| Coupon | Number 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 | $ | 58,227.87 | $ | — | $ | — | $ | 58,227.87 | $ | 58,227.87 | $ | — | |||||||||||||
| Class A-1 Notes | 6.745 | % | 32 | — | — | — | — | — | — | ||||||||||||||||
| Class A-2 Notes | 6.70 | % | 30 | — | — | — | — | — | — | ||||||||||||||||
| Class A-3 Notes | 6.67 | % | 30 | — | — | — | — | — | — | ||||||||||||||||
| Class A-4 Notes | 6.76 | % | 30 | 58,227.87 | — | — | 58,227.87 | 58,227.87 | — | ||||||||||||||||
| 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 | 5,216,126.71 | ||
Total Principal Distribution | 5,216,126.71 | ||
Class A-1 Notes Principal Distribution | — | ||
Class A-2 Notes Principal Distribution | — | ||
Class A-3 Notes Principal Distribution | — | ||
Class A-4 Notes Principal Distribution | 5,216,126.71 | ||
Class B Notes Principal Distribution | — | ||
Class C Notes Principal Distribution | — |
