A. ORIGINAL DEAL PARAMETER INPUTS
(A) Total Portfolio Balance $303,441,223.00
(B) Class A-1 Notes
(i) Class A-1 Notes Percentage 28.11%
(ii) Class A-1 Notes Balance $85,300,000.00
(iii) Class A-1 Notes Rate 5.7725%
(C) Class A-2 Notes
(i) Class A-2 Notes Percentage 34.41%
(ii) Class A-2 Notes Balance $104,427,000.00
(iii) Class A-2 Notes Rate 5.90%
(D) Class A-3 Notes
(i) Class A-3 Notes Percentage 33.47%
(ii) Class A-3 Notes Balance $101,576,574.00
(iii) Class A-3 Notes Rate 6.10%
(E) Class B Certificates
(i) Class B Certificates Percentage 4.00%
(ii) Class B Certificates Balance $12,137,649.00
(iii) Class B Certificates Rate 6.35%
(F) Servicing Fee Rate 1.00%
(G) Weighted Average Coupon (WAC) 8.51%
(H) Weighted Average Original Maturity (WAOM) 54.09 months
(I) Weighted Average Remaining Maturity (WAM) 42.79 months
(J) Number of Receivables 32,378
(K) Reserve Account
(i) Reserve Account Initial Deposit Percentage 2.00%
(ii) Reserve Account Initial Deposit $6,068,825.00
(iii) Specified Reserve Account Balance (K(iii)(c) if 1.25%
loss and delinq triggers hit - otherwise greater of
K(iii)(a or b))
(a) Percent of Initial Pool Balance 2.00%
(b) Percent of Remaining Pool Balance 3.25%
(c) Trigger Percent of Remaining Pool Balance 6.00%
B. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Total Portfolio Balance $119,205,226.12
(B) Total Note and Certificate Pool Factor 0.3928445
(C) Class A-1 Notes
(i) Class A-1 Notes Balance $0.00
(ii) Class A-1 Notes Pool Factor 0.0000000
(D) Class A-2 Notes
(i) Class A-2 Notes Balance $5,491,003.12
(ii) Class A-2 Notes Pool Factor 0.0525822
(E) Class A-3 Notes
(i) Class A-3 Notes Balance $101,576,574.00
(ii) Class A-3 Notes Pool Factor 1.0000000
(F) Class B Certificates
(i) Class B Certificates Balance $12,137,649.00
(ii) Class B Certificates Pool Factor 1.0000000
(G) Reserve Account Balance $6,068,824.46
(H) Cumulative Net Losses for All Prior Periods $1,449,632.51
(I) Net Loss Ratio for Second Preceding Period 1.45%
(J) Net Loss Ratio for Preceding Period 0.66%
(K) Delinquency Ratio for Second Preceding Period 0.71%
(L) Delinquency Ratio for Preceding Period 0.62%
(M) Weighted Average Coupon (WAC) 8.55%
(N) Weighted Average Remaining Maturity (WAM) 29.31 months
(O) Number of Receivables 19,470
C. INPUTS FROM THE MAINFRAME
(A) Simple Interest Receivables Principal
(i) Principal Collections $8,234,415.40
(ii) Not Used 0.00
(iii) Repurchased Loan Proceeds Related to Principal 0.00
(iv) Other Refunds Related to Principal 0.00
(B) Simple Interest Receivables Interest
(i) Interest Collections 877,662.33
(ii) Repurchased Loan Proceeds Related to Interest 0.00
(C) Weighted Average Coupon (WAC) 8.56%
(D) Weighted Average Remaining Maturity (WAM) 28.55 months
(E) Remaining Number of Receivables 18,559
(F) Delinquent Receivables
Dollar Amount # Units
------------- ---------
(i) 30-59 Days Delinquent 1,945,661 1.75% 296 1.59%
(ii) 60-89 Days Delinquent 357,473 0.32% 51 0.27%
(iii) 90 Days or More Delinquent 264,180 0.24% 38 0.20%
(G) Repossessions
Dollar Amount # Units
------------- ---------
190,947 0.17% 25 0.13%
D. INPUTS DERIVED FROM OTHER SOURCES
(A) Reserve Account Investment Income $27,106.11
(B) Aggregate Net Losses before Liquidation Proceeds and
Recoveries for Collection Period 95,953.38
(C) Liquidated Receivables Information
(i) Not Used 0.00
(ii) Not Used 0.00
(iii) Recoveries on Previously Liquidated Contracts 38,888.08
(D) Aggregate Net Losses for Collection Period 57,065.30
(E) Actual Number of Days in Interest Period 29.00
I. COLLECTIONS
Interest:
(A) Interest Collections $877,662.33
(B) Not Used 0.00
(C) Repurchased Loan Proceeds Related to Interest 0.00
(D) Recoveries from Prior Month Charge Offs 38,888.08
(E) Investment Earnings from the Reserve Account 27,106.11
(F) Total Interest Collections 943,656.52
Principal:
(G) Principal Payments Received $8,234,415.40
(H) Not Used 0.00
(I) Repurchased Loan Proceeds Related to Principal 0.00
(J) Other Refunds Related to Principal 0.00
(K) Total Principal Collections 8,234,415.40
(L) Total Collections $9,178,071.92
II. DISTRIBUTIONS Per $1,000 of
Original Balance
------------------
(A) Total Interest Collections $943,656.52
(B) Servicing Fee $99,337.69 0.33
Interest Per $1,000 of
(C) Class A-1 Notes Monthly Interest Original Balance
-----------------
(i) Class A-1 Notes Monthly Interest Due $0.00 0
(ii) Class A-1 Notes Monthly Interest Paid
(after reserve fund draw) 0.00 0
------------------------------
(iii) Class A-1 Notes Monthly Interest
Shortfall (after reserve fund draw) $0.00 0
(D) Class A-2 Notes Monthly Interest
(i) Class A-2 Notes Monthly Interest Due $26,997.43 0.258529231
(ii) Class A-2 Notes Monthly Interest Paid
(after reserve fund draw) 26,997.43 0.258529231
------------------------------
(iii) Class A-2 Notes Monthly Interest
Shortfall (after reserve fund draw) $0.00 0
(E) Class A-3 Notes Monthly Interest
(i) Class A-3 Notes Monthly Interest Due $516,347.58 5.083333333
(ii) Class A-3 Notes Monthly Interest Paid
(after reserve fund draw) 516,347.58 5.083333333
-------------------------------
(iii) Class A-3 Notes Monthly Interest
Shortfall (after reserve fund draw) $0.00 0
(F) Class B Certificates Monthly Interest
(i) Class B Certificates Monthly
Interest Due $64,228.39 5.291666667
(ii) Class B Certificates Monthly Interest
Paid (after reserve fund draw) 64,228.39 5.291666667
------------------------------
(iii) Class B Certificates Monthly Interest
Shortfall (after reserve fund draw) $0.00 0
(G) Total Note and Certificate Interest Paid
(after reserve fund draw) $607,573.40
(H) Excess Interest $236,745.43
Principal
(I) Total Principal Collections $8,234,415.40
(J) Draw on Reserve Fund for realized losses 95,953.38
(K) Total Amount Available for Principal
Distribution $8,330,368.78 Per $1,000 of
(L) Class A-1 Notes Monthly Principal Original Balance
----------------
(i) Class A-1 Notes Monthly Principal Due 0.00 0
(ii) Class A-1 Notes Monthly Principal Paid
(after reserve fund draw) 0.00 0
-----------------------
(iii) Class A-1 Notes Monthly Principal Shortfall
(after reserve fund draw) 0.00 0
(M) Class A-2 Notes Monthly Principal
(i) Class A-2 Notes Monthly Principal Due 5,491,003.12 52.58221648
(ii) Class A-2 Notes Monthly Principal Paid
(after reserve fund draw) 5,491,003.12 52.58221648
------------------------------
(iii) Class A-2 Notes Monthly Principal
Shortfall (after reserve fund draw) 0.00 0
(N) Class A-3 Notes Monthly Principal
(i) Class A-3 Notes Monthly Principal Due 2,839,365.66 27.95295754
(ii) Class A-3 Notes Monthly Principal Paid
(after reserve fund draw) 2,839,365.66 27.95295754
-------------------------------
(iii) Class A-3 Notes Monthly Principal
Shortfall (after reserve fund draw) 0.00 0
(O) Class B Certificates Monthly Principal
(i) Class B Certificates Monthly Principal Due 0.00 0
(ii) Class B Certificates Monthly Principal Paid
(after reserve fund draw) 0.00 0
------------------------
(iii) Class B Certificates Monthly Principal
Shortfall (after reserve fund draw) 0.00 0
(P) Total Note and Certificate Principal Paid 8,330,368.78
(Q) Total Distributions 9,037,279.87
(R) Excess Servicing Releases from Reserve Account to Servicer 140,792.05
(S) Amount of Draw from Reserve Account 95,953.38
(T) Draw from Reserve Account plus Total Available Amount 9,274,025.30
III. POOL BALANCES AND PORTFOLIO INFORMATION
Beginning End
of Period of Period
------------ ------------
(A) Balances and Principal Factors
(i) Total Portfolio Balance $119,205,226.12 $110,874,857.34
(ii) Total Note and Certificate
Pool Factor 0.3928445 0.3653915
(iii) Class A-1 Notes Balance 0.00 0.00
(iv) Class A-1 Notes Pool Factor 0.0000000 0.0000000
(v) Class A-2 Notes Balance 5,491,003.12 0.00
(vi) Class A-2 Notes Pool Factor 0.0525822 0.0000000
(vii) Class A-3 Notes Balance 101,576,574.00 98,737,208.34
(viii) Class A-3 Notes Pool Factor 1.0000000 0.9720470
(ix) Class B Certificates Balance 12,137,649.00 12,137,649.00
(x) Class B Certificate Pool Factor 1.0000000 1.0000000
(B) Portfolio Information
(i) Weighted Average Coupon (WAC) 8.55% 8.56%
(ii) Weighted Average Remaining
Maturity (WAM) 29.31 months 28.55 months
(iii) Remaining Number of Receivables 19,470 18,559
(iv) Portfolio Receivable Balance $119,205,226.12 $110,874,857.34
IV. RECONCILIATION OF RESERVE ACCOUNT
(A) Beginning Reserve Account Balance $6,068,824.46
(B) Draw for Realized losses 95,953.38
(C) Draw for Servicing Fee 0.00
(D) Draw for Class A-1 Notes Interest Amount 0.00
(E) Draw for Class A-2 Notes Interest Amount 0.00
(F) Draw for Class A-3 Notes Interest Amount 0.00
(G) Draw for Class B Certificates Interest Amount 0.00
(H) Total Draw for Losses, Servicing, Notes and Certificates 95,953.38
(I) Excess Interest 236,745.43
(J) Reserve Account Balance Prior to Release 6,209,616.51
(K) Reserve Account Required Amount 6,068,824.46
(L) Final Reserve Account Required Amount 6,068,824.46
(M) Reserve Account Release to Servicer 140,792.05
(N) Ending Reserve Account Balance 6,068,824.46
V. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A) Aggregate Net Losses before Liquidation Proceeds and
Recoveries for Collection Period $95,953.38
(B) Liquidated Contracts
(i) Not Used 0.00
(ii) Not Used 0.00
(iii) Recoveries on Previously Liquidated Contracts 38,888.08
(C) Aggregate Net Losses for Collection Period 57,065.30
(D) Net Loss Ratio for Collection Period (annualized) 0.60%
(E) Cumulative Net Losses for all Periods 1,506,697.81
(F) Delinquent Receivables Dollar Amount # Units
------------- ---------
(i) 30-59 Days Delinquent 1,945,661 1.75% 296 1.59%
(ii) 60-89 Days Delinquent 357,473 0.32% 51 0.27%
(iii) 90 Days or More Delinquent 264,180 0.24% 38 0.20%
(G) Repossessions Dollar Amount # Units
190,947 0.17% 25 0.13%
VI. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE
(A) Ratio of Net Losses to the Average Pool Balance
(i) Second Preceding Collection Period 1.45%
(ii) Preceding Collection Period 0.66%
(iii) Current Collection Period 0.60%
(iv) Three Month Average (Avg(i,ii,iii)) 0.90%
(B) Ratio of Balance of Contracts Delinquent 60 Days or More
to the Outstanding Balance of Receivables.
(i) Second Preceding Collection Period 0.71%
(ii) Preceding Collection Period 0.62%
(iii) Current Collection Period 0.56%
(iv) Three Month Average (Avg(i,ii,iii)) 0.63%
(C) Loss and Delinquency Trigger Indicator Trigger was not hit
The undersigned officers of The Boatmen's National Bank of St. Louis, as
servicer, pursuant to the Sale and Servicing Agreement hereby certify to the
best of their knowledge and belief that the above information is true and
correct.
/s/ Carolyn F. Geiger /s/ Leslie J. Fitzpatrick
- --------------------- --------------------------
Carolyn F. Geiger Leslie J. Fitzpatrick
Vice President Senior Vice President