The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 06/30/2000
Distribution Date: 07/25/2000
PROVIDENT Series: 2000-2
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1 743844DA7 SEQ 6.95438% 315,000,000.00 1,521,270.62 1,537,736.00
A-2 743844DB5 SEQ 6.95438% 200,000,000.00 965,886.11 476,066.68
X-1 PRV0002X1 IO 4.85212% 0.00 1,273,680.40 0.00
X-2 PRV0002X2 IO 4.66237% 0.00 777,062.00 0.00
R PRV00002R RES 0.00000% 0.00 0.00 0.00
Totals 515,000,000.00 4,537,899.13 2,013,802.68
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1 0.00 313,462,264.00 3,059,006.62 0.00
A-2 0.00 199,523,933.32 1,441,952.79 0.00
X-1 0.00 0.00 1,273,680.40 0.00
X-2 0.00 0.00 777,062.00 0.00
R 0.00 0.00 0.00 0.00
Totals 0.00 512,986,197.32 6,551,701.81 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A-1 315,000,000.00 315,000,000.00 174,649.09 1,363,086.91 0.00 0.00
A-2 200,000,000.00 200,000,000.00 47,614.97 428,451.71 0.00 0.00
X-1 0.00 0.00 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 515,000,000.00 515,000,000.00 222,264.06 1,791,538.62 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A-1 1,537,736.00 313,462,264.00 0.99511830 1,537,736.00
A-2 476,066.68 199,523,933.32 0.99761967 476,066.68
X-1 0.00 0.00 0.00000000 0.00
X-2 0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 2,013,802.68 512,986,197.32 0.99608970 2,013,802.68
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A-1 315,000,000.00 1000.00000000 0.55444156 4.32726003 0.00000000
A-2 200,000,000.00 1000.00000000 0.23807485 2.14225855 0.00000000
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
A-1 0.00000000 4.88170159 995.11829841 0.99511830 4.88170159
A-2 0.00000000 2.38033340 997.61966660 0.99761967 2.38033340
X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
A-1 315,000,000.00 6.95438% 315,000,000.00 1,521,270.63 0.00 0.00
A-2 200,000,000.00 6.95438% 200,000,000.00 965,886.11 0.00 0.00
X-1 0.00 4.85212% 288,556,641.24 1,166,758.53 0.00 0.00
X-2 0.00 4.66237% 184,970,159.28 718,666.41 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 515,000,000.00 4,372,581.68 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
A-1 0.00 0.00 1,521,270.62 0.00 313,462,264.00
A-2 0.00 0.00 965,886.11 0.00 199,523,933.32
X-1 0.00 0.00 1,273,680.40 0.00 313,476,831.48
X-2 0.00 0.00 777,062.00 0.00 199,532,266.14
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,537,899.13 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
A-1 315,000,000.00 6.95438% 1000.00000000 4.82943057 0.00000000 0.00000000
A-2 200,000,000.00 6.95438% 1000.00000000 4.82943055 0.00000000 0.00000000
X-1 0.00 4.85212% 1000.00000000 4.04342983 0.00000000 0.00000000
X-2 0.00 4.66237% 1000.00000000 3.88531000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
A-1 0.00000000 0.00000000 4.82943054 0.00000000 995.11829841
A-2 0.00000000 0.00000000 4.82943055 0.00000000 997.61966660
X-1 0.00000000 0.00000000 4.41397015 0.00000000 1086.36152033
X-2 0.00000000 0.00000000 4.20101276 0.00000000 1078.72678986
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
C 1,200.00000% 0.00 0.00 0.00 0.00 0.00000000%
PROV 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,728,200.75
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 23,763.42
Realized Losses 0.00
Total Deposits 6,751,964.17
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 200,262.36
Payment of Interest and Principal 6,551,701.81
Total Withdrawals (Pool Distribution Amount) 6,751,964.17
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 197,302.82
Trustee Fee 2,959.54
MBIA Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 200,262.36
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 5,000.00 0.00 0.00 5,000.00
Reserve Fund 30,712,500.00 0.00 0.00 30,712,500.00
Reserve Fund 27,500,000.00 0.00 0.00 27,500,000.00
CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 31 0 0 0 31
2,378,804.72 0.00 0.00 0.00 2,378,804.72
60 Days 2 0 0 0 2
85,029.41 0.00 0.00 0.00 85,029.41
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 33 0 0 0 33
2,463,834.13 0.00 0.00 0.00 2,463,834.13
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 0.492454% 0.000000% 0.000000% 0.000000% 0.492454%
0.504505% 0.000000% 0.000000% 0.000000% 0.504505%
60 Days 0.031771% 0.000000% 0.000000% 0.000000% 0.031771%
0.018033% 0.000000% 0.000000% 0.000000% 0.018033%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.524226% 0.000000% 0.000000% 0.000000% 0.524226%
0.522538% 0.000000% 0.000000% 0.000000% 0.522538%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 24 0 0 0 24
1,552,892.35 0.00 0.00 0.00 1,552,892.35
60 Days 2 0 0 0 2
85,029.41 0.00 0.00 0.00 85,029.41
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 26 0 0 0 26
1,637,921.76 0.00 0.00 0.00 1,637,921.76
30 Days 0.558529% 0.000000% 0.000000% 0.000000% 0.558529%
0.541042% 0.000000% 0.000000% 0.000000% 0.541042%
60 Days 0.046544% 0.000000% 0.000000% 0.000000% 0.046544%
0.029625% 0.000000% 0.000000% 0.000000% 0.029625%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.605073% 0.000000% 0.000000% 0.000000% 0.605073%
0.570667% 0.000000% 0.000000% 0.000000% 0.570667%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 7 0 0 0 7
825,912.37 0.00 0.00 0.00 825,912.37
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 7 0 0 0 7
825,912.37 0.00 0.00 0.00 825,912.37
30 Days 0.350350% 0.000000% 0.000000% 0.000000% 0.350350%
0.447663% 0.000000% 0.000000% 0.000000% 0.447663%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.350350% 0.000000% 0.000000% 0.000000% 0.350350%
0.447663% 0.000000% 0.000000% 0.000000% 0.447663%
OTHER INFORMATION
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 23,763.42
Class R 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
Class X-1 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
Class X-2 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 11.499758%
Weighted Average Net Coupon 10.996828%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 334
Beginning Scheduled Collateral Loan Count 6,314
Number Of Loans Paid In Full 19
Ending Scheduled Collateral Loan Count 6,295
Beginning Scheduled Collateral Balance 515,000,000.00
Ending Scheduled Collateral Balance 471,512,996.97
Ending Actual Collateral Balance at 30-Jun-2000 471,512,996.97
Monthly P &I Constant 4,760,133.62
Ending Scheduled Balance for Premium Loans 471,512,996.97
Group Level Collateral Statement
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 11.599581 11.344032
Weighted Average Net Rate 11.099581 10.836532
Weighted Average Maturity 319.00 334.00
Beginning Loan Count 4,310 2,004 6,314
Loans Paid In Full 13 6 19
Ending Loan Count 4,297 1,998 6,295
Beginning Scheduled Balance 2,588,556,640.60 184,970,159.05 2,773,526,799.65
Ending scheduled Balance 287,018,904.60 184,494,092.37 471,512,996.97
Record Date 06/30/2000 06/30/2000
Principal And Interest Constant 2,963,929.15 1,796,204.47 4,760,133.62
Scheduled Principal 174,649.09 47,614.97 222,264.06
Unscheduled Principal 1,363,086.91 428,451.71 1,791,538.62
Scheduled Interest 2,789,280.06 1,748,589.50 4,537,869.56
Servicing Fees 120,231.93 77,070.89 197,302.82
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,803.48 1,156.06 2,959.54
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 2,669,048.13 1,670,362.55 4,339,410.68
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00