The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
PROVIDENT Series: 2000-1
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 743844CY6 SEQ 6.87750% 384,277,753.40 2,128,978.81 4,803,773.95
A-2 743844CZ3 SEQ 6.87750% 182,078,701.02 1,008,753.93 3,131,647.23
X-1 PRV0000X1 IO 3.84071% 0.00 1,229,919.15 0.00
X-2 PRV0000X2 IO 3.60965% 0.00 547,727.56 0.00
R PRV00000R RES 0.00000% 0.00 2.08 0.00
Totals 566,356,454.42 4,915,381.53 7,935,421.18
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1 0.00 379,473,979.45 6,932,752.76 0.00
A-2 0.00 178,947,053.79 4,140,401.16 0.00
X-1 0.00 0.00 1,229,919.15 0.00
X-2 0.00 0.00 547,727.56 0.00
R 0.00 0.00 2.08 0.00
Totals 0.00 558,421,033.24 12,850,802.71 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-1 418,000,000.00 384,277,753.40 363,893.93 4,439,880.02 0.00 0.00
A-2 197,000,000.00 182,078,701.02 84,419.52 3,047,227.71 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 615,000,000.00 566,356,454.42 448,313.45 7,487,107.73 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 4,803,773.95 379,473,979.45 0.90783249 4,803,773.95
A-2 3,131,647.23 178,947,053.79 0.90836068 3,131,647.23
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 7,935,421.18 558,421,033.24 0.90800168 7,935,421.18
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A-1 418,000,000.00 919.32476890 0.87055964 10.62172254 0.00000000
A-2 197,000,000.00 924.25736558 0.42852548 15.46816096 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>
Per $1,000 Denomination.
</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 11.49228218 907.83248672 0.90783249 11.49228218
A-2 0.00000000 15.89668645 908.36067914 0.90836068 15.89668645
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-1 418,000,000.00 6.87750% 384,277,753.40 2,128,978.81 0.00 0.00
A-2 197,000,000.00 6.87750% 182,078,701.02 1,008,753.94 0.00 0.00
X-1 0.00 3.84071% 384,278,538.61 1,229,919.15 0.00 0.00
X-2 0.00 3.60965% 182,079,066.55 547,701.60 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 615,000,000.00 4,915,353.50 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 2,128,978.81 0.00 379,473,979.45
A-2 0.01 0.00 1,008,753.93 0.00 178,947,053.79
X-1 0.00 0.00 1,229,919.15 0.00 379,474,764.66
X-2 0.01 0.00 547,727.56 0.00 178,947,419.32
R 0.00 0.00 2.08 0.00 0.00
Totals 0.02 0.00 4,915,381.53 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-1 418,000,000.00 6.87750% 919.32476890 5.09325074 0.00000000 0.00000000
A-2 197,000,000.00 6.87750% 924.25736558 5.12057838 0.00000000 0.00000000
X-1 0.00 3.84071% 919.32492049 2.94238478 0.00000000 0.00000000
X-2 0.00 3.60965% 951.43858063 2.86196784 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1,000 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 5.09325074 0.00000000 907.83248672
A-2 0.00000005 0.00000000 5.12057832 0.00000000 908.36067914
X-1 0.00000000 0.00000000 2.94238478 0.00000000 907.83265990
X-2 0.00000005 0.00000000 2.86210349 0.00000000 935.07442602
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
Class Rate Balance Balance Balance Balance Percentage
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 12,646,041.93
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 539,166.23
Realized Losses (9,929.35)
Total Deposits 13,175,278.81
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 324,476.10
Payment of Interest and Principal 12,850,802.71
Total Withdrawals (Pool Distribution Amount) 13,175,278.81
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 235,982.35
Trustee Fee 3,539.75
MBIA 84,954.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 324,476.10
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 39,710,000.00 9,924.88 0.00 39,700,075.12
Reserve Fund 26,595,000.00 0.00 0.00 26,595,000.00
LOAN STATUS STRATIFICATION/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
0-29 Days 23 8 0 31
1,520,824.88 860,197.16 0.00 2,381,022.04
30 Days 247 7 4 0 258
17,701,111.21 374,259.41 291,506.39 0.00 18,366,877.01
60 Days 71 5 26 0 102
5,327,985.61 178,930.92 1,307,121.52 0.00 6,814,038.05
90 Days 7 14 76 0 97
490,645.61 815,521.16 6,425,459.18 0.00 7,731,625.95
120 Days 0 15 67 0 82
0.00 1,103,724.83 5,989,189.66 0.00 7,092,914.49
150 Days 0 7 43 0 50
0.00 378,441.27 3,233,417.96 0.00 3,611,859.23
180+ Days 4 29 123 6 162
258,338.68 2,532,709.58 9,941,913.52 314,244.82 13,047,206.60
Totals 329 100 347 6 782
23,778,081.11 6,904,412.05 28,048,805.39 314,244.82 59,045,543.37
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
0-29 Days 0.305485% 0.106256% 0.000000% 0.411741%
0.272343% 0.154041% 0.000000% 0.426384%
30 Days 3.280648% 0.092974% 0.053128% 0.000000% 3.426750%
3.169844% 0.067021% 0.052202% 0.000000% 3.289067%
60 Days 0.943020% 0.066410% 0.345331% 0.000000% 1.354762%
0.954114% 0.032042% 0.234074% 0.000000% 1.220231%
90 Days 0.092974% 0.185948% 1.009430% 0.000000% 1.288352%
0.087863% 0.146040% 1.150645% 0.000000% 1.384548%
120 Days 0.000000% 0.199230% 0.889892% 0.000000% 1.089122%
0.000000% 0.197651% 1.072520% 0.000000% 1.270171%
150 Days 0.000000% 0.092974% 0.571125% 0.000000% 0.664099%
0.000000% 0.067770% 0.579027% 0.000000% 0.646797%
180+ Days 0.053128% 0.385177% 1.633683% 0.079692% 2.151680%
0.046262% 0.453547% 1.780358% 0.056274% 2.336441%
Totals 4.369770% 1.328198% 4.608846% 0.079692% 10.386506%
4.258083% 1.236414% 5.022867% 0.056274% 10.573639%
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
0-29 Days 20 7 0 27
1,246,745.29 617,322.32 0.00 1,864,067.61
30 Days 186 6 2 0 194
11,841,136.14 294,438.98 161,229.78 0.00 12,296,804.90
60 Days 53 5 21 0 79
3,385,194.56 178,930.92 1,019,733.72 0.00 4,583,859.20
90 Days 5 10 56 0 71
335,880.99 488,380.12 4,136,423.24 0.00 4,960,684.35
120 Days 0 9 43 0 52
0.00 708,621.38 3,004,125.51 0.00 3,712,746.89
150 Days 0 5 34 0 39
0.00 306,452.75 2,224,620.61 0.00 2,531,073.36
180 Days 4 23 92 6 125
258,338.68 1,623,088.77 6,470,556.66 314,244.82 8,666,228.93
Totals 248 78 255 6 587
15,820,550.37 4,846,658.21 17,634,011.84 314,244.82 38,615,465.24
0-29 Days 0.350447% 0.122656% 0.000000% 0.473103%
0.328545% 0.162678% 0.000000% 0.491223%
30 Days 3.259155% 0.105134% 0.035045% 0.000000% 3.399334%
3.120401% 0.077591% 0.042488% 0.000000% 3.240480%
60 Days 0.928684% 0.087612% 0.367969% 0.000000% 1.384265%
0.892074% 0.047152% 0.268722% 0.000000% 1.207948%
90 Days 0.087612% 0.175223% 0.981251% 0.000000% 1.244086%
0.088512% 0.128699% 1.090039% 0.000000% 1.307250%
120 Days 0.000000% 0.157701% 0.753461% 0.000000% 0.911162%
0.000000% 0.186737% 0.791654% 0.000000% 0.978391%
150 Days 0.000000% 0.087612% 0.595760% 0.000000% 0.683371%
0.000000% 0.080757% 0.586237% 0.000000% 0.666994%
180 Days 0.070089% 0.403014% 1.612055% 0.105134% 2.190293%
0.068078% 0.427720% 1.705135% 0.082810% 2.283743%
Totals 4.345541% 1.366743% 4.468197% 0.105134% 10.285614%
4.169065% 1.277202% 4.646952% 0.082810% 10.176030%
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
0-29 Days 3 1 0 4
274,079.59 242,874.84 0.00 516,954.43
30 Days 61 1 2 0 64
5,859,975.07 79,820.43 130,276.61 0.00 6,070,072.11
60 Days 18 0 5 0 23
1,942,791.05 0.00 287,387.80 0.00 2,230,178.85
90 Days 2 4 20 0 26
154,764.62 327,141.04 2,289,035.94 0.00 2,770,941.60
120 Days 0 6 24 0 30
0.00 395,103.45 2,985,064.15 0.00 3,380,167.60
150 Days 0 2 9 0 11
0.00 71,988.52 1,008,797.35 0.00 1,080,785.87
180 Days 0 6 31 0 37
0.00 909,620.81 3,471,356.86 0.00 4,380,977.67
Totals 81 22 92 0 195
7,957,530.74 2,057,753.84 10,414,793.55 0.00 20,430,078.13
0-29 Days 0.164654% 0.054885% 0.000000% 0.219539%
0.153162% 0.135724% 0.000000% 0.288886%
30 Days 3.347969% 0.054885% 0.109769% 0.000000% 3.512623%
3.274691% 0.044606% 0.072802% 0.000000% 3.392098%
60 Days 0.987925% 0.000000% 0.274424% 0.000000% 1.262349%
1.085677% 0.000000% 0.160599% 0.000000% 1.246276%
90 Days 0.109769% 0.219539% 1.097695% 0.000000% 1.427003%
0.086486% 0.182814% 1.279167% 0.000000% 1.548467%
120 Days 0.000000% 0.329308% 1.317234% 0.000000% 1.646542%
0.000000% 0.220793% 1.668124% 0.000000% 1.888917%
150 Days 0.000000% 0.109769% 0.493963% 0.000000% 0.603732%
0.000000% 0.040229% 0.563740% 0.000000% 0.603968%
180 Days 0.000000% 0.329308% 1.701427% 0.000000% 2.030735%
0.000000% 0.508317% 1.939875% 0.000000% 2.448193%
Totals 4.445664% 1.207464% 5.049396% 0.000000% 10.702525%
4.446854% 1.149921% 5.820030% 0.000000% 11.416805%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has povided.
</FN>
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 539,166.23
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 11.102179%
Weighted Average Net Coupon 10.594679%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 279
Beginning Scheduled Collateral Loan Count 7,628
Number Of Loans Paid In Full 99
Ending Scheduled Collateral Loan Count 7,529
Beginning Scheduled Collateral Balance 566,357,605.16
Ending Scheduled Collateral Balance 558,422,183.98
Ending Actual Collateral Balance at 30-Nov-2000 558,422,183.98
Monthly P &I Constant 5,688,149.57
Ending Scheduled Balance for Premium Loans 558,422,183.98
Group Level Collateral Statement
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 11.176463 10.945402
Weighted Average Net Rate 10.668962 10.437902
Weighted Average Maturity 250.00 349.00
Beginning Loan Count 5,775 1,853 7,628
Loans Paid In Full 68 31 99
Ending Loan Count 5,707 1,822 7,529
Beginning Scheduled Balance 384,278,538.61 182,079,066.55 566,357,605.16
Ending scheduled Balance 379,474,764.66 178,947,419.32 558,422,183.98
Record Date 11/30/2000 11/30/2000
Principal And Interest Constant 3,942,956.16 1,745,193.41 5,688,149.57
Scheduled Principal 363,893.93 84,419.52 448,313.45
Unscheduled Principal 4,439,880.02 3,047,227.71 7,487,107.73
Scheduled Interest 3,579,062.23 1,660,773.89 5,239,836.12
Servicing Fees 160,116.06 75,866.29 235,982.35
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,401.74 1,138.01 3,539.75
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 3,416,544.43 1,583,769.59 5,000,314.02
Realized Loss Amount 9,929.35 0.00 9,929.35
Cumulative Realized Loss 9,929.35 0.00 9,929.35
Percentage of Cumulative Losses 0.00 0.00 0.00