Exhibit 20.2
MONTHLY HOLDERS' STATEMENT
First National Bank of Commerce
New Orleans, Louisiana
- -------------------------------------------------------------------------------
First NBC Credit Card Master Trust
Series 1997-1
September 9,1997
- -------------------------------------------------------------------------------
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of August 1, 1997 by and between First National Bank
of Commerce, as Seller and Servicer ("FNBC"), and The First National Bank
of Chicago, as Trustee, (the "Trustee"), as amended and supplemented by the
Series 1997-1 Supplement dated as of August 1, 1997 by and between FNBC and
the Trustee, FNBC, as Servicer, is required to prepare certain information for
each Distribution Date regarding current distributions to Certificateholders
and the performance of the First NBC Credit Card Master Trust (the "Trust")
during the previous period. The information which is required to be prepared
with respect to the distribution on the September 15, 1997 Distribution Date,
and with respect to the performance of the Trust during the month of 8/1/97 to
8/31/97 is set forth below. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1997-1 Certificate
(a "Certificate"). Certain other information is presented based on the
aggregate amounts for the Trust as a whole. Capitalized terms used in this
Monthly Statement have their respective meanings set forth in the Pooling and
Servicing Agreement and the Supplement.
A Series 1997-1 Certificates
1 Information regarding Payments in respect of the Class A Certificates
(per $1,000 original certificate principal amount)
a Total Payment 6.491670
b Amount of Payment in respect of Class A Monthly Interest 6.491670
c Amount of Payment in respect of Class A Overdue Monthly
Interest -
d Amount of Payment in respect of Class A Additional
Interest -
e Amount of Payment in respect of Class A Principal -
2 Class A Investor Charge-Offs/Reimbursement of Class A Investor
Charge-Offs
a Total amount of Class A Investor Charge-Offs -
b Amount of Class A Investor Charge-Offs per $1,000 original
certificate principal amount -
c Total amount reimbursed in respect of Class A Investor
Charge-Offs -
d Amount reimbursed in respect of Class A Investor Charge-Offs
per $1,000 original principal amount -
e The amount, if any, by which the outstanding Principal
Balance of the Class A Certificates exceeds the Class A
Adjusted Investor Interest after giving effect to all
transactions on such Distribution Date -
3 Information regarding Payments in respect of the Class B
Certificates (per $1,000 original certificate principal amount)
a Total Payment 6.702760
b Amount of Payment in respect of Class B Monthly Interest 6.702760
c Amount of Payment in respect of Class B Overdue Monthly
Interest -
d Amount of Payment in respect of Class B Additional Interest -
e Amount of Payment in respect of Class B Principal -
4 Amount of reductions in Class B Investor Interest pursuant to
clauses (c), (d) and (e) of the definition of Class B Investor
Interest
a Amount of reductions in Class B Investor Interest -
b Amount of reductions in Class B Investor Interest per
$1,000 original certificate principal amount -
c Total amount reimbursed in respect of reductions of Class B
Investor Interest -
d Amount reimbursed in respect of reductions of Class B Investor
Interest per $1,000 original certificate principal amount -
e The amount, if any, by which the outstanding Principal Balance
of the Class B Certificates exceeds the Class B Investor
Interest after giving effect to all transactions on such
Distribution Date -
Monthly Holders' Statement
Page 2 (all amounts in dollars except percentages)
5 Information regarding Distribution in respect of the Collateral
Interest
a Total distribution 6.748000
b Amount of distribution in respect of Collateral Monthly
Interest 6.748000
c Amount of distribution in respect of Collateral Overdue
Interest -
d Amount of distribution in respect of Collateral Monthly
Principal -
6 Amount of reductions in Collateral Interest pursuant to
clauses (c), (d) and (e) of the definition of Collateral Interest
a Amount of reductions in Collateral Interest -
b Total amount reimbursed in respect of reductions of
Collateral Interest with respect to the current Distribution
Date -
B Trust Performance
1 Delinquencies
a 31-59 days 13,924,034
b 60-89 days 9,292,710
c 90 days and over 13,504,929
d Total 30+ days delinquent 36,721,673
2 Base Rate
a Current Monthly Period 8.16900%
b Prior Monthly Period -
c Second Prior Monthly Period -
3 Three Month Average Base Rate 8.16900%
4 Portfolio Yield (gross portfolio yield less net defaults)
a Current Monthly Period 15.93157%
b Prior Monthly Period -
c Second Prior Monthly Period -
5 Three Month Average Portfolio Yield 15.93157%
6 Excess Spread Percentage 7.76257%
7 Three Month Average Excess Spread Percentage 7.76257%
8 Monthly Payment Rate (total collections/beginning aggregate
principal receivables) 15.37581%
9 Portfolio Adjusted Yield 7.26257%
First National Bank of Commerce, Servicer
By: /s/ Anne M. Lacourrege
Name: Anne M. Lacourrege
Title: Vice President