EXHIBIT 20.3
MONTHLY HOLDERS' STATEMENT
First USA Bank, National Association
First NBC Credit Card Master Trust
Series 1997-1
March 12, 2001
Under the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of August 1, 1997, by and between First USA Bank,
National Association, as successor Transferor and Servicer to Bank One
Louisiana, N.A. (as successor to First National Bank of Commerce ("FNBC")),
and The Bank of New York, as Trustee, (the "Trustee"), as amended and
supplemented by the Series 1997-1 Supplement dated as of August 1, 1997 by
and between First USA Bank, National Association and the Trustee, First USA
Bank, National Association, 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 of the March 15,
2001 Distribution Date, and with respect to the performance of the Trust
during the month ending February 28, 2001, 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 5.125000
b. Amount of Payment in respect of Class A Monthly Interest 5.125000
c. Amount of Payment in respect of Class A Overdue Monthly Interest 0.000000
d. Amount of Payment in respect of Class A Additional Interest 0.000000
e. Amount of Payment in respect of Class A Principal 0.000000
2. Class A Investor Charge-Offs/Reimbursement of Class A Investor Charge-Offs
a. Total amount of Class A Investor Charge-Offs 0.000000
b. Amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount 0.000000
c. Total amount reimbursed in respect of Class A Investor Charge-Offs 0.000000
d. Amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original
principal amount 0.000000
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 0.000000
3. Information regarding Payments in respect of the Class B Certificates
(per $1,000 original certificate principal amount)
a. Total Payment 5.291667
b. Amount of Payment in respect of Class B Monthly Interest 5.291667
c. Amount of Payment in respect of Class B Overdue Monthly Interest 0.000000
d. Amount of Payment in respect of Class B Additional Interest 0.000000
e. Amount of Payment in respect of Class B Principal 0.000000
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 0.000000
b. Amount of reductions in Class B Investor Interest per $1,000 original certificate principal amount 0.000000
c. Total amount reimbursed in respect of reductions of Class B Investor Interest 0.000000
d. Amount reimbursed in respect of reductions of Class B Investor Interest per $1,000 original
certificate principal amount 0.000000
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 0.000000
Monthly Holders' Statement
Page 2 (all amounts in dollars except percentages)
5. Information regarding the Distribution in respect of the Collateral Interest
a. Total distribution 4.797917
b. Amount of distribution in respect of Collateral Monthly Interest 4.797917
c. Amount of distribution in respect of Collateral Overdue Interest 0.000000
d. Amount of distribution in respect of Collateral Monthly Principal 0.000000
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 0.00
b. Total amount reimbursed in respect of reductions of Collateral Interest 0.00
B. Trust Performance
1. Delinquencies
a. 30-59 days 11,710,269.41
b. 60-89 days 7,393,057.33
c. 90 days and over 13,443,965.96
d. Total 30+ days delinquent 32,547,292.70
2. Base Rate
a. Current Monthly Period 8.13849%
b. Prior Monthly Period 8.18561%
c. Second Prior Monthly Period 8.27108%
3. Three Month Average Base Rate 8.19839%
4. Portfolio Yield (gross portfolio yield less net defaults)
a. Current Monthly Period 13.04205%
b. Prior Monthly Period 14.10043%
c. Second Prior Monthly Period 14.04284%
5. Three Month Average Portfolio Yield 13.72844%
6. Excess Spread Percentage
a. Current Monthly Period 5.40356%
b. Prior Monthly Period 6.41482%
c. Second Prior Monthly Period 6.27176%
7. Three Month Average Excess Spread Percentage 6.03005%
8. Monthly Payment Rate (total collections/beginning aggregate principal receivables) 12.13435%
9. Portfolio Adjusted Yield 4.90356%
First USA Bank, National Association as Servicer
By: /s/ Tracie Klein
-------------------------
Name: Tracie Klein
Title: First Vice President