WACHOVIA CORPORATION
WACHOVIA CREDIT CARD MASTER TRUST
SERIES 1995-1
MONTHLY SERVICING CERTIFICATE
Pursuant to the Amended and Restated Pooling and Servicing Agreement, dated as
of June 4, 1999 (as may be amended, from time to time, the "Agreement"), as
supplemented by the Series 1995-1 Supplement (as amended and Supplemented, the
"Series Supplement"), each between The First National Bank of Atlanta as
Servicer and Transferor and The Bank of New York, as Trustee, the Servicer is
required to prepare certain information each month regarding distributions to
Certificateholders and the performance of the Trust. The information with
respect to the applicable Distribution Date and Monthly Period is set forth
below.
Monthly Period: 10/31/2000
Transfer Date 11/14/2000
Distribution Date: 11/15/2000
Period 60
(Revolving = 0-48,
Controlled Accumulation = 57-60)
Julian Days in Current Period 30
Current LIBOR Rate 6.62000%
Coupon Period 10/16/2000-11/14/2000
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ORIGINAL DEAL PARAMETERS
Class A Initial Invested Amount $446,250,000.00
Class B Initial Invested Amount $26,250,000.00
Class C Initial Invested Amount $27,500,000.00
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Total Initial Invested Amount $500,000,000.00
Cash Collateral Amount $7,625,413.45
Prior Month Credit Enhancer's Portion of CCA $0.00
Prior Month Wachovia's Portion of CCA and Spread Account $10,000,000.00
Increase(Decrease) in Wachovia's Portion of CCA and Spread Account ($2,374,586.55)
Current Month Credit Enhancer's Portion of CCA $0.00
Excess Cash Over the Required Cash Collateral Amount $0.00
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Amount on Deposit In Spread Account $0.00
Class A Certificate Rate 10/16/2000-11/14/2000 6.79000%
Class B Certificate Rate 10/16/2000-11/14/2000 6.89500%
Class C Certificate Rate 10/16/2000-11/14/2000 7.02000%
Class C Certificate Rate 10/16/2000-11/14/2000 6.87000%
Servicing Fee Percentage 2.0000%
Discount Percentage 0.0000%
LIBOR Rate 10/16/2000-11/14/2000 6.62000%
I. RECEIVABLES IN THE TRUST
Beginning of the Period Principal Receivables $3,365,152,571.28
Beginning of the Period Finance Charge Receivables $50,752,302.24
Beginning of the Period Discounted Receivables $0.00
Beginning of the Period Total Receivables $3,415,904,873.52
Removed Principal Receivables $0.00
Removed Finance Charge Receivables $0.00
Removed Total Receivables $0.00
Additional Principal Receivables $0.00
Additional Finance Charge Receivables $0.00
Additional Total Receivables $0.00
End of Period Principal Receivables $3,334,724,952.25
End of Period Finance Charge Receivables $44,430,048.45
End of Period Discounted Receivables $0.00
End of Period Total Receivables $3,379,155,000.70
II. INVESTED AMOUNTS AND ALLOCATION PERCENTAGES
Class A Initial Invested Amount $446,250,000.00
Class B Initial Invested Amount $26,250,000.00
Class C Initial Invested Amount $27,500,000.00
Total Initial Invested Amount $500,000,000.00
Class A Invested Amount $0.00
Class B Invested Amount $26,250,000.00
Class C Invested Amount $0.00
Total Invested Amount $26,250,000.00
Class A Adjusted Investor Interest $0.00
Adjusted Investor Interest $26,250,000.00
Floating Investor Percentage 5.0042%
Class A Floating Allocation Percentage 82.2979%
Class B Floating Allocation Percentage 15.5880%
Class C Floating Allocation Percentage 2.1141%
Fixed Investor Percentage 14.8582%
Class A Fixed Allocation Percentage 89.2500%
Class B Fixed Allocation Percentage 5.2500%
Class C Fixed Allocation Percentage 5.5000%
Total Servicing Fee $43,750.00
Investor Defaulted Amount $717,166.45
III. SELLER'S INTEREST, RETAINED INTEREST AND EXCESS FUNDING ACCOUNT
Beginning Seller's Interest $1,050,800,282.96
Ending Seller's Interest $1,162,521,152.25
Required Seller's Interest $167,496,938.09
Current Month Deposit into Excess Funding Account $0.00
Amount on deposit in Excess Funding Account $0.00
IV. PERFORMANCE SUMMARY
COLLECTIONS:
Collections of Principal Receivables $366,098,885.56
Collections of Finance Charge Receivables $50,752,302.24
Collections of Interchange (Series 1995-1) $222,113.97
Servicer Interchange $21,875.00
Net Interchange $200,238.97
Collections of Recoveries $1,170,340.63
Total Finance Charge Collections $52,144,756.84
Total Payment Collections $416,851,187.80
Total Collections $418,243,642.40
DELINQUENCIES AND LOSSES:
End of the month delinquencies:
30 days delinquent $38,431,246.56
60 days delinquent $23,489,416.25
90 days delinquent $18,558,405.59
120 + days delinquent $25,425,371.08
Total 30 + days delinquent $105,904,439.48
Gross Charge-Offs during the month $14,331,331.27
Recoveries during the month $1,170,340.63
Net Charge-Offs during the month $13,160,990.64
Defaulted Amount (excluding recoveries) $14,331,331.27
# of Accounts Amount
Total amount/number of Accounts in Trust (at end of month) 2,293,104 $3,379,155,000.70
V. AVAILABLE SERIES 1995-1 FINANCE CHARGE COLLECTIONS
Available Series 1995-1 Finance Charge Collections $2,798,544.51
Class A Available Finance Charge Collections $2,303,143.14
Class A Interest $0.00
Class A Deficiency Amount $0.00
Class A Additional Interest $0.00
Class A Investor Defaulted Amount $590,212.87
Class A Servicing Fee [if Wachovia] $0.00
Accrued and Unpaid Class A Servicing Fee $0.00
Servicing Fee [if not Wachovia] $0.00
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Excess Spread Class A $1,712,930.27
Class B Available Finance Charge Collections $436,237.84
Class B Interest $150,828.13
Class B Deficiency Amount $0.00
Class B Additional Interest $0.00
Class B Servicing Fee [if Wachovia] $21,875.00
Accrued and Unpaid Class B Servicing Fee $0.00
Servicing Fee [if not Wachovia] $0.00
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Excess Spread Class B $263,534.71
Class C Available Finance Charge Collections $59,163.53
Servicing Fee [if not Wachovia] $0.00
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Excess Spread Class C $59,163.53
Total Excess Finance Charge Collections $2,035,628.51
Class A Required Amount $0.00
Class A Investor Charge-off Reimbursement $0.00
Class B Required Amount $0.00
Class C Interest $0.00
Class C Deficiency Amount $0.00
Class C Additional Interest $0.00
Class C Accrued and unpaid collateral interest $0.00
Class B Investor Defaulted Amount $111,792.09
Class C Servicing Fee [if Wachovia] $0.00
Class C Investor Defaulted Amount $15,161.49
Class C Investor Charge-Off Reimbursement $0.00
Cash Collateral Requirement $0.00
Loan Agreement Interest Due $0.00
Deposit to Reserve Account $0.00
Shared Excess Finance Charge Collections $1,908,674.93
VI. YIELD and BASE RATE
Base Rate
Base Rate (current month) 8.8950%
Base Rate (prior month) 7.7329%
Base Rate (2 months ago) 8.3988%
3 Month Average Base Rate 8.3422%
Portfolio Yield
Portfolio Yield (current month) 15.8318%
Portfolio Yield (prior month) 13.2925%
Portfolio Yield (2 months ago) 17.3798%
3 Month Average Portfolio Yield 15.5014%
Portfolio Adjusted Yield 6.6591%
VII. PORTFOLIO PERFORMANCE RATES
Gross Charge-Offs ((% of Total Receivables Outstanding (at beginning of month)) 5.0346%
Gross Charge-Offs ((% of Principal Receivables Outstanding (at beginning of month )) 5.1105%
Gross Charge-Offs ((% of Investor Interest (at end of month)) 5.1105%
Monthly Payment Rate ((% of Total Receivables Outstanding (at beginning of month)) 12.2032%
Gross Yield (annualized) 20.9423%
Portfolio Yield (3 month average) 15.5014%
Base Rate (3 month average) 8.3422%
Excess Finance Charge Collections % (Current Month Including Servicer Interchange) 6.9368%
VIII. PRINCIPAL COLLECTIONS
Class A Principal Allocation Percentage 89.2500%
Class A Monthly Principal $48,548,059.63
Class B Principal Allocation Percentage 5.2500%
Class B Monthly Principal $2,855,768.21
Class C Principal Allocation Percentage 5.5000%
Class C Monthly Principal $2,991,757.18
Total Monthly Principal $54,395,585.02
Reallocated Principal Collections Class B and Class C 0.00
Shared Principal Collections allocable from other Series $242,599,897.68
IX. INVESTOR CHARGE-OFFS
CLASS A INVESTOR CHARGE-OFFS
Class A Investor Charge-Offs $0.00
Class A Investor Charge-Offs per $1,000 original certificate principal amount $0.00
Total amount reimbursed in respect of Class A Investor Charge-Offs $0.00
Total amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original
certificate principal amount $0.00
The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such
Distribution Date. $0.00
CLASS B INVESTOR CHARGE-OFFS
Class B Investor Charge-Offs $0.00
Class B Investor Charge-Offs per $1,000 original certificate principal amount $0.00
Total amount reimbursed in respect of Class B Investor Charge-Offs $0.00
Total amount reimbursed in respect of Class B Investor Charge-Offs per $1,000 original
certificate principal amount $0.00
The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such
Distribution Date. $0.00
CLASS C INVESTOR CHARGE-OFFS
Class C Investor Charge-Offs $0.00
Class C Investor Charge-Offs per $1,000 original certificate principal amount $0.00
Total amount reimbursed in respect of Class C Investor Charge-Offs $0.00
Total amount reimbursed in respect of Class C Investor Charge-Offs per $1,000 original
certificate principal amount $0.00
The amount, if any, by which the outstanding principal balance of the Class C Certificates
exceeds the Class C Invested Amount after giving effect to all transactions on such
Distribution Date. $0.00
Current Month Required Draw Amount $0.00
X. AMORTIZATION
Current Monthly Amount deposited in Principal Funding Account $0.00
Cumulative Amount deposited in Principal Funding Account prior to current month $446,250,000.00
Current Month Accumulation Shortfall $0.00
Current Month Principal Funding Account Investment Proceeds $0.00
Current Month Reserve Account Amount deposited in the Reserve Account $0.00
Cumulative Reserve Account Amount $0.00
Required Reserve Account Draw Amount $0.00
Amount Withdrawn From Principal Funding Account Deposited Into Distribution Account $0.00
Cumulative Amount Withdrawn From Distribution Account prior to current month $446,250,000.00
Cumulative Class A principal paid (as of prior distribution dates) $446,250,000.00
Class A Principal Payments $0.00
Class A Principal Payments per $1,000 original principal certificate amount $0.00
Total Class A Principal Paid $446,250,000.00
Cumulative Class B principal paid (as of prior distribution dates) $0.00
Class B Principal Payments $26,250,000.00
Class B Principal Payments per $1,000 original principal certificate amount $1,000.00
Total Class B Principal Paid $26,250,000.00
Cumulative Class C Principal Paid (as of prior distribution dates) $27,500,000.00
Class C Principal Payments $0.00
Class C Principal Payments per $1,000 original principal certificate amount $0.00
Total Class C Principal Paid $27,500,000.00
The First National Bank of Atlanta, as Servicer
Date: November 8, 2000
By: Michael L. Scheuerman
Title: Senior Vice President