Exhibit 99.2
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | August 1, 2004 | Previous Distribution Date: | August 16, 2004 | |||
Collection Period End Date: | August 31, 2004 | Previous Collection Period End Date: | July 31, 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 08/16/04 | Unpaid 09/15/04 | |||||||||||||||
| 08/16/04 | 9/15/04 | 08/16/04 | 9/15/04 | |||||||||||||||
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 | 5,120,182 | — | 4.94 | % | 0.00 | % | — | — | |||||||||
v. | Class B Notes | 28,510,000 | — | 100.00 | % | 0.00 | % | — | — | |||||||||
vi. | Class C Notes | 14,260,000 | — | 100.00 | % | 0.00 | % | — | — | |||||||||
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: | September 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | August 1, 2004 | Previous Distribution Date: | August 16, 2004 | |||
Collection Period End Date: | August 31, 2004 | Previous Collection Period End Date: | July 31, 2004 |
E. Portfolio Characteristics
Initial Balance 9/30/00 | Balance as of | Percent of Original as of | ||||||||||||||||||
| 07/31/04 | 08/31/04 | 07/31/04 | 08/31/04 | |||||||||||||||||
i. | Principal Balance | $ | 950,415,639 | $ | 47,890,182 | $ | 42,724,542 | 5.04 | % | 4.50 | % | |||||||||
ii. | Number of Contracts | 73,293 | 11,070 | 10,345 | 15.10 | % | 14.11 | % | ||||||||||||
iii. | Weighted Average Coupon (WAC) | 9.44 | % | 9.64 | % | 9.65 | % | |||||||||||||
iv. | Weighted Average Original Term | 61.40 | 64.74 | 64.88 | ||||||||||||||||
v. | Weighted Average Remaining Term | 49.40 | 15.18 | 14.46 | ||||||||||||||||
vi. | Weighted Average Seasoning | 12.00 | 49.56 | 50.42 | ||||||||||||||||
F. Portfolio Performance
| # of Contracts | % of Number of Contracts | Principal Balance | % of Principal Balance | |||||||||||||||||||||
| 07/31/04 | 08/31/04 | 07/31/04 | 08/31/04 | 07/31/04 | 08/31/04 | 07/31/04 | 08/31/04 | |||||||||||||||||
| i. | 30-59 Days Delinquent | 335 | 323 | 3.03 | % | 3.12 | % | $ | 1,698,427 | $ | 1,679,877 | 3.55 | % | 3.93 | % | |||||||||
| ii. | 60-89 Days Delinquent | 95 | 123 | 0.86 | % | 1.19 | % | 411,316 | 570,685 | 0.86 | % | 1.34 | % | |||||||||||
| iii. | 90-119 Days Delinquent | 36 | 42 | 0.33 | % | 0.41 | % | 116,555 | 131,892 | 0.24 | % | 0.31 | % | |||||||||||
| iv. | 120+ Days Delinquent | — | — | 0.00 | % | 0.00 | % | — | — | 0.00 | % | 0.00 | % | |||||||||||
| v. | Repo In Inventory (Charged-off) | 4 | 5 | 0.04 | % | 0.05 | % | 20,830 | 22,200 | 0.04 | % | 0.05 | % | |||||||||||
| vi. | Repo In Inventory (Not Charged-Off) | 7 | 6 | 0.06 | % | 0.06 | % | 36,720 | 43,554 | 0.08 | % | 0.10 | % | |||||||||||
| vii. | Gross Charge-Offs in Period | 15 | 24 | 0.14 | % | 0.23 | % | 66,166 | 76,006 | 0.14 | % | 0.18 | % | |||||||||||
G. Portfolio Charge-Offs
| $ | % of Original Balance | |||||||||||||||
| 07/31/04 | 08/31/04 | 07/31/04 | 08/31/04 | |||||||||||||
| i. | Gross Charge-Offs In Period | $ | 66,166 | $ | 76,006 | 0.007 | % | 0.008 | % | |||||||
| ii. | Cumulative Gross Charge-Offs | 15,635,057 | 15,711,062 | 1.645 | % | 1.653 | % | |||||||||
| iii. | Net Losses In Period | (29,013 | ) | (65,126 | ) | -0.003 | % | -0.007 | % | |||||||
| iv. | Cumulative Net Losses | 8,986,361 | 8,921,235 | 0.946 | % | 0.939 | % | |||||||||
H. Pool Collections
| i. | Borrower Interest Collections | $ | 393,560.20 | ||
| ii. | Borrower Principal Collections | 5,053,349.45 | |||
| iii. | Net Liquidation Proceeds | 23,132.79 | |||
| iv. | Recoveries | 141,131.81 | |||
| v. | Repurchase Amounts (Interest) | 117.53 | |||
| vi. | Repurchase Amounts (Principal) | 13,152.66 | |||
| vii. | Total Interest Collections | 393,677.73 | |||
| viii. | Total Principal Collections | 5,230,766.71 |
I. Pool Balance Reconciliation
| i. | Beginning Pool Balance | $ | 47,890,182.26 | ||
| ii. | Pool Balance Reductions from Principal Collections | 5,089,634.90 | |||
| iii. | Gross Charge-Offs In Period | 76,005.83 | |||
| iv. | Ending Pool Balance | 42,724,541.53 |
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | August 1, 2004 | Previous Distribution Date: | August 16, 2004 | |||
Collection Period End Date: | August 31, 2004 | Previous Collection Period End Date: | July 31, 2004 |
J. Total Available
| i. | Total Pool Collections | $ | 5,624,444.44 | |||||
| i(a) | Clean-Up Call | $ | 42,724,541.53 | |||||
| ii. | Reinvestment Income from Reserve Account | 5,372.14 | ||||||
| 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 | $ | 48,354,358.11 |
K. Waterfall
| Calculation Steps | Amount Due | Amount Available for Distribution | Reserve Balance | Reserve Account Draw | Amount Paid | |||||||||||||||
Servicing Fee | $ | 39,908.49 | ||||||||||||||||||
Previous Servicing Fee Shortfall | 0.00 | |||||||||||||||||||
| i. | Total Servicing Fee | 39,908.49 | $ | 39,908.49 | $ | 48,354,358.11 | $ | 7,128,117.29 | $ | 0.00 | $ | 39,908.49 | ||||||||
| ii. | Class A Notes Interest Distribution | 28,843.69 | 48,314,449.62 | 7,128,117.29 | 0.00 | 28,843.69 | ||||||||||||||
Class A Notes Balance | 5,120,182.26 | |||||||||||||||||||
Pool Balance | 42,724,541.53 | |||||||||||||||||||
| iii. | First Priority Principal Distribution | 0.00 | 0.00 | 48,285,605.93 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
| iv. | Class B Notes Interest Distribution | 168,209.00 | 48,285,605.93 | 7,128,117.29 | 0.00 | 168,209.00 | ||||||||||||||
Class A and B Notes Balance | 33,630,182.26 | |||||||||||||||||||
Pool Balance | 42,724,541.53 | |||||||||||||||||||
| v. | Second Priority Principal Distribution | 0.00 | 0.00 | 48,117,396.93 | 7,128,117.29 | 0.00 | 0.00 | |||||||||||||
| vi. | Class C Notes Interest Distribution | 88,412.00 | 48,117,396.93 | 7,128,117.29 | 0.00 | 88,412.00 | ||||||||||||||
| vii. | Reserve Fund Deposit | 0.00 | 48,028,984.93 | 0.00 | ||||||||||||||||
Outstanding Money Market Securities | 0.00 | |||||||||||||||||||
Total Notes Balance | 47,890,182.26 | |||||||||||||||||||
Specified Credit Enhancement Amount | 7,128,117.29 | |||||||||||||||||||
Specified Reserve Account Amount | 7,128,117.29 | |||||||||||||||||||
Specified Overcollateralization Amount | 0.00 | |||||||||||||||||||
Target Securities Balance | 42,724,541.53 | |||||||||||||||||||
| viii. | Regular Principal Distribution | 5,165,640.73 | 5,165,640.73 | 48,028,984.93 | 5,165,640.73 | |||||||||||||||
| Viii(a). | Clean-up Call Redemption of Notes | 42,724,541.53 | 42,863,344.20 | 42,724,541.53 | ||||||||||||||||
| ix. | Release to Seller | 138,802.67 | 138,802.67 | 7,128,117.29 | 138,802.67 | |||||||||||||||
AmSouth Auto Trust 2000-1
Monthly Servicing Report
Distribution Date: | September 15, 2004 | Closing Date: | October 19, 2000 | |||
Collection Period Begin Date: | August 1, 2004 | Previous Distribution Date: | August 16, 2004 | |||
Collection Period End Date: | August 31, 2004 | Previous Collection Period End Date: | July 31, 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 | $ | 28,843.69 | $ | — | $ | — | $ | 28,843.69 | $ | 28,843.69 | $ | — | |||||||||||
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 | 28,843.69 | — | — | 28,843.69 | 28,843.69 | — | ||||||||||||||
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 | 5,165,640.73 | ||
Clean-up Call Redemption of Notes | 42,724,541.53 | ||
Total Principal Distribution | 47,890,182.26 | ||
Class A-1 Notes Principal Distribution | — | ||
Class A-2 Notes Principal Distribution | — | ||
Class A-3 Notes Principal Distribution | — | ||
Class A-4 Notes Principal Distribution | 5,120,182.26 | ||
Class B Notes Principal Distribution | 28,510,000.00 | ||
Class C Notes Principal Distribution | 14,260,000.00 |
