UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-03 54-2116906
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On February 25, 2004 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-5
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders
of Mortgage Pass-Through Certificates,
Series 2003-5 Trust, relating to the
February 25, 2004 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-5 Trust
By: Wells Fargo Bank, N.A. as Master Servicer
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 3/8/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-5 Trust,
relating to the February 25, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 1/31/04
Distribution Date: 2/25/04
BAA Series: 2003-5
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
CB-1 05948KCJ6 SEN 5.50000% 208,945,712.49 957,667.85 2,268,015.99
CB-R 05948KCL1 SEN 5.50000% 0.00 0.00 0.00
CB-WIO 05948KCK3 SEN 0.39440% 0.00 64,124.70 0.00
NC-1 05948KCM9 SEN 5.50000% 28,925,667.32 132,575.98 1,153,064.21
NC-2 05948KCN7 SEN 5.50000% 2,772,000.00 12,705.00 0.00
NC-3 05948KCP2 SEN 5.50000% 961,425.00 4,406.53 0.00
NC-WIO 05948KCQ0 SEN 0.40661% 0.00 11,417.08 0.00
2-A-1 05948KCR8 SEN 5.00000% 169,750,229.36 707,292.62 1,710,223.99
2-A-WIO 05948KCS6 SEN 0.42938% 0.00 50,403.16 0.00
A-PO 05948KCT4 SEN 0.00000% 1,833,137.90 0.00 13,265.97
1-B-1 05948KCU1 SUB 5.50000% 5,807,696.14 26,618.61 6,333.25
1-B-2 05948KCV9 SUB 5.50000% 2,700,330.51 12,376.51 2,944.69
1-B-3 05948KCW7 SUB 5.50000% 1,351,158.03 6,192.81 1,473.43
1-B-4 05948KDB2 SUB 5.50000% 1,350,165.26 6,188.26 1,472.35
1-B-5 05948KDC0 SUB 5.50000% 946,108.45 4,336.33 1,031.73
1-B-6 05948KDD8 SUB 5.50000% 1,080,512.44 4,952.35 1,178.29
2-B-1 05948KCX5 SUB 5.00000% 1,629,126.77 6,788.03 6,510.31
2-B-2 05948KCY3 SUB 5.00000% 632,954.21 2,637.31 2,529.41
2-B-3 05948KCZ0 SUB 5.00000% 633,927.99 2,641.37 2,533.30
2-B-4 05948KDE6 SUB 5.00000% 362,244.57 1,509.35 1,447.60
2-B-5 05948KDF3 SUB 5.00000% 181,122.28 754.68 723.80
2-B-6 05948KDG1 SUB 5.00000% 271,578.26 1,131.58 1,085.28
1-SES 05948KDA4 SEN 0.00000% 0.00 74,972.29 0.00
Totals 430,135,096.98 2,091,692.40 5,173,833.60
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB-1 0.00 206,677,696.50 3,225,683.84 0.00
CB-R 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 64,124.70 0.00
NC-1 0.00 27,772,603.11 1,285,640.19 0.00
NC-2 0.00 2,772,000.00 12,705.00 0.00
NC-3 0.00 961,425.00 4,406.53 0.00
NC-WIO 0.00 0.00 11,417.08 0.00
2-A-1 0.00 168,040,005.37 2,417,516.61 0.00
2-A-WIO 0.00 0.00 50,403.16 0.00
A-PO 0.00 1,819,871.92 13,265.97 0.00
1-B-1 0.00 5,801,362.89 32,951.86 0.00
1-B-2 0.00 2,697,385.82 15,321.20 0.00
1-B-3 0.00 1,349,684.60 7,666.24 0.00
1-B-4 0.00 1,348,692.91 7,660.61 0.00
1-B-5 0.00 945,076.72 5,368.06 0.00
1-B-6 0.00 1,079,334.14 6,130.64 0.00
2-B-1 0.00 1,622,616.46 13,298.34 0.00
2-B-2 0.00 630,424.81 5,166.72 0.00
2-B-3 0.00 631,394.69 5,174.67 0.00
2-B-4 0.00 360,796.97 2,956.95 0.00
2-B-5 0.00 180,398.48 1,478.48 0.00
2-B-6 0.00 270,492.98 2,216.86 0.00
1-SES 0.00 0.00 74,972.29 0.00
Totals 0.00 424,961,263.37 7,265,526.00 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)
<s> <c> <c> <c> <c> <c> <c>
CB-1 224,006,000.00 208,945,712.49 230,183.16 2,037,832.83 0.00 0.00
CB-R 100.00 0.00 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 0.00 0.00 0.00 0.00
NC-1 30,400,575.00 28,925,667.32 33,220.59 1,119,843.62 0.00 0.00
NC-2 2,772,000.00 2,772,000.00 0.00 0.00 0.00 0.00
NC-3 961,425.00 961,425.00 0.00 0.00 0.00 0.00
NC-WIO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 180,719,000.00 169,750,229.36 678,354.83 1,031,869.16 0.00 0.00
2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 1,962,080.55 1,833,137.90 6,850.31 6,415.66 0.00 0.00
1-B-1 5,850,000.00 5,807,696.14 6,333.25 0.00 0.00 0.00
1-B-2 2,720,000.00 2,700,330.51 2,944.69 0.00 0.00 0.00
1-B-3 1,361,000.00 1,351,158.03 1,473.43 0.00 0.00 0.00
1-B-4 1,360,000.00 1,350,165.26 1,472.35 0.00 0.00 0.00
1-B-5 953,000.00 946,108.45 1,031.73 0.00 0.00 0.00
1-B-6 1,088,383.00 1,080,512.44 1,178.29 0.00 0.00 0.00
2-B-1 1,673,000.00 1,629,126.77 6,510.31 0.00 0.00 0.00
2-B-2 650,000.00 632,954.21 2,529.41 0.00 0.00 0.00
2-B-3 651,000.00 633,927.99 2,533.30 0.00 0.00 0.00
2-B-4 372,000.00 362,244.57 1,447.60 0.00 0.00 0.00
2-B-5 186,000.00 181,122.28 723.80 0.00 0.00 0.00
2-B-6 278,892.00 271,578.26 1,085.28 0.00 0.00 0.00
1-SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 457,964,455.55 430,135,096.98 977,872.33 4,195,961.27 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
<s> <c> <c> <c> <c>
CB-1 2,268,015.99 206,677,696.50 0.92264357 2,268,015.99
CB-R 0.00 0.00 0.00000000 0.00
CB-WIO 0.00 0.00 0.00000000 0.00
NC-1 1,153,064.21 27,772,603.11 0.91355519 1,153,064.21
NC-2 0.00 2,772,000.00 1.00000000 0.00
NC-3 0.00 961,425.00 1.00000000 0.00
NC-WIO 0.00 0.00 0.00000000 0.00
2-A-1 1,710,223.99 168,040,005.37 0.92984139 1,710,223.99
2-A-WIO 0.00 0.00 0.00000000 0.00
A-PO 13,265.97 1,819,871.92 0.92752151 13,265.97
1-B-1 6,333.25 5,801,362.89 0.99168596 6,333.25
1-B-2 2,944.69 2,697,385.82 0.99168596 2,944.69
1-B-3 1,473.43 1,349,684.60 0.99168597 1,473.43
1-B-4 1,472.35 1,348,692.91 0.99168596 1,472.35
1-B-5 1,031.73 945,076.72 0.99168596 1,031.73
1-B-6 1,178.29 1,079,334.14 0.99168596 1,178.29
2-B-1 6,510.31 1,622,616.46 0.96988432 6,510.31
2-B-2 2,529.41 630,424.81 0.96988432 2,529.41
2-B-3 2,533.30 631,394.69 0.96988432 2,533.30
2-B-4 1,447.60 360,796.97 0.96988433 1,447.60
2-B-5 723.80 180,398.48 0.96988430 723.80
2-B-6 1,085.28 270,492.98 0.96988433 1,085.28
1-SES 0.00 0.00 0.00000000 0.00
Totals 5,173,833.60 424,961,263.37 0.92793504 5,173,833.60
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
CB-1 224,006,000.00 932.76837446 1.02757587 9.09722432 0.00000000
CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
NC-1 30,400,575.00 951.48421765 1.09276190 36.83626445 0.00000000
NC-2 2,772,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
NC-3 961,425.00 1000.00000000 0.00000000 0.00000000 0.00000000
NC-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 180,719,000.00 939.30482882 3.75364422 5.70979897 0.00000000
2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 1,962,080.55 934.28269293 3.49135004 3.26982498 0.00000000
1-B-1 5,850,000.00 992.76857094 1.08260684 0.00000000 0.00000000
1-B-2 2,720,000.00 992.76856985 1.08260662 0.00000000 0.00000000
1-B-3 1,361,000.00 992.76857458 1.08260838 0.00000000 0.00000000
1-B-4 1,360,000.00 992.76857353 1.08261029 0.00000000 0.00000000
1-B-5 953,000.00 992.76857293 1.08261280 0.00000000 0.00000000
1-B-6 1,088,383.00 992.76857503 1.08260603 0.00000000 0.00000000
2-B-1 1,673,000.00 973.77571429 3.89139868 0.00000000 0.00000000
2-B-2 650,000.00 973.77570769 3.89140000 0.00000000 0.00000000
2-B-3 651,000.00 973.77571429 3.89139785 0.00000000 0.00000000
2-B-4 372,000.00 973.77572581 3.89139785 0.00000000 0.00000000
2-B-5 186,000.00 973.77569892 3.89139785 0.00000000 0.00000000
2-B-6 278,892.00 973.77572680 3.89139882 0.00000000 0.00000000
1-SES 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
<s> <c> <c> <c> <c> <c>
CB-1 0.00000000 10.12480018 922.64357428 0.92264357 10.12480018
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
NC-1 0.00000000 37.92902634 913.55519131 0.91355519 37.92902634
NC-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
NC-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
NC-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 9.46344319 929.84138563 0.92984139 9.46344319
2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 6.76117502 927.52151281 0.92752151 6.76117502
1-B-1 0.00000000 1.08260684 991.68596410 0.99168596 1.08260684
1-B-2 0.00000000 1.08260662 991.68596324 0.99168596 1.08260662
1-B-3 0.00000000 1.08260838 991.68596620 0.99168597 1.08260838
1-B-4 0.00000000 1.08261029 991.68596324 0.99168596 1.08261029
1-B-5 0.00000000 1.08261280 991.68596013 0.99168596 1.08261280
1-B-6 0.00000000 1.08260603 991.68595981 0.99168596 1.08260603
2-B-1 0.00000000 3.89139868 969.88431560 0.96988432 3.89139868
2-B-2 0.00000000 3.89140000 969.88432308 0.96988432 3.89140000
2-B-3 0.00000000 3.89139785 969.88431644 0.96988432 3.89139785
2-B-4 0.00000000 3.89139785 969.88432796 0.96988433 3.89139785
2-B-5 0.00000000 3.89139785 969.88430108 0.96988430 3.89139785
2-B-6 0.00000000 3.89139882 969.88432798 0.96988433 3.89139882
1-SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) 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>
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
<s> <c> <c> <c> <c> <c> <c>
CB-1 224,006,000.00 5.50000% 208,945,712.49 957,667.85 0.00 0.00
CB-R 100.00 5.50000% 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.39440% 195,105,146.71 64,124.70 0.00 0.00
NC-1 30,400,575.00 5.50000% 28,925,667.32 132,575.98 0.00 0.00
NC-2 2,772,000.00 5.50000% 2,772,000.00 12,705.00 0.00 0.00
NC-3 961,425.00 5.50000% 961,425.00 4,406.53 0.00 0.00
NC-WIO 0.00 0.40661% 33,694,445.85 11,417.08 0.00 0.00
2-A-1 180,719,000.00 5.00000% 169,750,229.36 707,292.62 0.00 0.00
2-A-WIO 0.00 0.42938% 140,863,181.77 50,403.16 0.00 0.00
A-PO 1,962,080.55 0.00000% 1,833,137.90 0.00 0.00 0.00
1-B-1 5,850,000.00 5.50000% 5,807,696.14 26,618.61 0.00 0.00
1-B-2 2,720,000.00 5.50000% 2,700,330.51 12,376.51 0.00 0.00
1-B-3 1,361,000.00 5.50000% 1,351,158.03 6,192.81 0.00 0.00
1-B-4 1,360,000.00 5.50000% 1,350,165.26 6,188.26 0.00 0.00
1-B-5 953,000.00 5.50000% 946,108.45 4,336.33 0.00 0.00
1-B-6 1,088,383.00 5.50000% 1,080,512.44 4,952.35 0.00 0.00
2-B-1 1,673,000.00 5.00000% 1,629,126.77 6,788.03 0.00 0.00
2-B-2 650,000.00 5.00000% 632,954.21 2,637.31 0.00 0.00
2-B-3 651,000.00 5.00000% 633,927.99 2,641.37 0.00 0.00
2-B-4 372,000.00 5.00000% 362,244.57 1,509.35 0.00 0.00
2-B-5 186,000.00 5.00000% 181,122.28 754.68 0.00 0.00
2-B-6 278,892.00 5.00000% 271,578.26 1,131.58 0.00 0.00
1-SES 0.00 0.00000% 430,135,097.89 0.00 0.00 0.00
Totals 457,964,455.55 2,016,720.11 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
<s> <c> <c> <c> <c> <c>
CB-1 0.00 0.00 957,667.85 0.00 206,677,696.50
CB-R 0.00 0.00 0.00 0.00 0.00
CB-WIO 0.00 0.00 64,124.70 0.00 192,904,283.14
NC-1 0.00 0.00 132,575.98 0.00 27,772,603.11
NC-2 0.00 0.00 12,705.00 0.00 2,772,000.00
NC-3 0.00 0.00 4,406.53 0.00 961,425.00
NC-WIO 0.00 0.00 11,417.08 0.00 32,540,395.13
2-A-1 0.00 0.00 707,292.62 0.00 168,040,005.37
2-A-WIO 0.00 0.00 50,403.16 0.00 139,493,264.71
A-PO 0.00 0.00 0.00 0.00 1,819,871.92
1-B-1 0.00 0.00 26,618.61 0.00 5,801,362.89
1-B-2 0.00 0.00 12,376.51 0.00 2,697,385.82
1-B-3 0.00 0.00 6,192.81 0.00 1,349,684.60
1-B-4 0.00 0.00 6,188.26 0.00 1,348,692.91
1-B-5 0.00 0.00 4,336.33 0.00 945,076.72
1-B-6 0.00 0.00 4,952.35 0.00 1,079,334.14
2-B-1 0.00 0.00 6,788.03 0.00 1,622,616.46
2-B-2 0.00 0.00 2,637.31 0.00 630,424.81
2-B-3 0.00 0.00 2,641.37 0.00 631,394.69
2-B-4 0.00 0.00 1,509.35 0.00 360,796.97
2-B-5 0.00 0.00 754.68 0.00 180,398.48
2-B-6 0.00 0.00 1,131.58 0.00 270,492.98
1-SES 0.00 0.00 74,972.29 0.00 424,961,264.30
Totals 0.00 0.00 2,091,692.40 0.00
<FN>
(4) 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>
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
<s> <c> <c> <c> <c> <c> <c>
CB-1 224,006,000.00 5.50000% 932.76837446 4.27518839 0.00000000 0.00000000
CB-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00 0.39440% 932.70571325 0.30654996 0.00000000 0.00000000
NC-1 30,400,575.00 5.50000% 951.48421765 4.36096949 0.00000000 0.00000000
NC-2 2,772,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
NC-3 961,425.00 5.50000% 1000.00000000 4.58333203 0.00000000 0.00000000
NC-WIO 0.00 0.40661% 957.88230274 0.32457037 0.00000000 0.00000000
2-A-1 180,719,000.00 5.00000% 939.30482882 3.91377011 0.00000000 0.00000000
2-A-WIO 0.00 0.42938% 937.19896021 0.33534518 0.00000000 0.00000000
A-PO 1,962,080.55 0.00000% 934.28269293 0.00000000 0.00000000 0.00000000
1-B-1 5,850,000.00 5.50000% 992.76857094 4.55018974 0.00000000 0.00000000
1-B-2 2,720,000.00 5.50000% 992.76856985 4.55018750 0.00000000 0.00000000
1-B-3 1,361,000.00 5.50000% 992.76857458 4.55019104 0.00000000 0.00000000
1-B-4 1,360,000.00 5.50000% 992.76857353 4.55019118 0.00000000 0.00000000
1-B-5 953,000.00 5.50000% 992.76857293 4.55018888 0.00000000 0.00000000
1-B-6 1,088,383.00 5.50000% 992.76857503 4.55019051 0.00000000 0.00000000
2-B-1 1,673,000.00 5.00000% 973.77571429 4.05739988 0.00000000 0.00000000
2-B-2 650,000.00 5.00000% 973.77570769 4.05740000 0.00000000 0.00000000
2-B-3 651,000.00 5.00000% 973.77571429 4.05740399 0.00000000 0.00000000
2-B-4 372,000.00 5.00000% 973.77572581 4.05739247 0.00000000 0.00000000
2-B-5 186,000.00 5.00000% 973.77569892 4.05741935 0.00000000 0.00000000
2-B-6 278,892.00 5.00000% 973.77572680 4.05741291 0.00000000 0.00000000
1-SES 0.00 0.00000% 939.23249338 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
<s> <c> <c> <c> <c> <c>
CB-1 0.00000000 0.00000000 4.27518839 0.00000000 922.64357428
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-WIO 0.00000000 0.00000000 0.30654996 0.00000000 922.18442224
NC-1 0.00000000 0.00000000 4.36096949 0.00000000 913.55519131
NC-2 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
NC-3 0.00000000 0.00000000 4.58333203 0.00000000 1000.00000000
NC-WIO 0.00000000 0.00000000 0.32457037 0.00000000 925.07438045
2-A-1 0.00000000 0.00000000 3.91377011 0.00000000 929.84138563
2-A-WIO 0.00000000 0.00000000 0.33534518 0.00000000 928.08454984
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 927.52151281
1-B-1 0.00000000 0.00000000 4.55018974 0.00000000 991.68596410
1-B-2 0.00000000 0.00000000 4.55018750 0.00000000 991.68596324
1-B-3 0.00000000 0.00000000 4.55019104 0.00000000 991.68596620
1-B-4 0.00000000 0.00000000 4.55019118 0.00000000 991.68596324
1-B-5 0.00000000 0.00000000 4.55018888 0.00000000 991.68596013
1-B-6 0.00000000 0.00000000 4.55019051 0.00000000 991.68595981
2-B-1 0.00000000 0.00000000 4.05739988 0.00000000 969.88431560
2-B-2 0.00000000 0.00000000 4.05740000 0.00000000 969.88432308
2-B-3 0.00000000 0.00000000 4.05740399 0.00000000 969.88431644
2-B-4 0.00000000 0.00000000 4.05739247 0.00000000 969.88432796
2-B-5 0.00000000 0.00000000 4.05741935 0.00000000 969.88430108
2-B-6 0.00000000 0.00000000 4.05741291 0.00000000 969.88432798
1-SES 0.00000000 0.00000000 0.16370766 0.00000000 927.93503673
<FN>
(6) 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>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
CB-PO 0.00000% 0.00 0.00 529,026.56 525,768.74 88.05376349%
NC-PO 0.00000% 0.00 0.00 9,455.39 9,444.80 99.12553578%
2-A-PO 0.00000% 0.00 0.00 1,294,655.94 1,284,658.38 94.77706840%
CB-SES 0.00000% 220,963,510.54 218,679,580.23 0.00 0.00 92.59165899%
NC-SES 0.00000% 34,415,747.16 33,260,895.13 0.00 0.00 92.64155130%
2-SES 0.00000% 174,755,840.19 173,020,788.94 0.00 0.00 93.07930592%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,262,008.00
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 23,949.42
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 7,285,957.42
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 20,431.42
Payment of Interest and Principal 7,265,526.00
Total Withdrawals (Pool Distribution Amount) 7,285,957.42
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 17,922.30
Wells Fargo Trustee Fee 2,509.12
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 20,431.42
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
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 0 0 0
0.00 0.00 0.00 0.00
30 Days 18 0 0 0 18
2,743,703.75 0.00 0.00 0.00 2,743,703.75
60 Days 4 0 0 0 4
438,770.76 0.00 0.00 0.00 438,770.76
90 Days 1 0 0 0 1
194,019.59 0.00 0.00 0.00 194,019.59
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 23 0 0 0 23
3,376,494.10 0.00 0.00 0.00 3,376,494.10
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.552486% 0.000000% 0.000000% 0.000000% 0.552486%
0.644382% 0.000000% 0.000000% 0.000000% 0.644382%
60 Days 0.122775% 0.000000% 0.000000% 0.000000% 0.122775%
0.103049% 0.000000% 0.000000% 0.000000% 0.103049%
90 Days 0.030694% 0.000000% 0.000000% 0.000000% 0.030694%
0.045567% 0.000000% 0.000000% 0.000000% 0.045567%
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 0.705955% 0.000000% 0.000000% 0.000000% 0.705955%
0.792999% 0.000000% 0.000000% 0.000000% 0.792999%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1CB 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 0 0 0
0.00 0.00 0.00 0.00
30 Days 8 0 0 0 8
1,156,294.08 0.00 0.00 0.00 1,156,294.08
60 Days 2 0 0 0 2
359,004.99 0.00 0.00 0.00 359,004.99
90 Days 1 0 0 0 1
194,019.59 0.00 0.00 0.00 194,019.59
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 11 0 0 0 11
1,709,318.66 0.00 0.00 0.00 1,709,318.66
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.521512% 0.000000% 0.000000% 0.000000% 0.521512%
0.528266% 0.000000% 0.000000% 0.000000% 0.528266%
60 Days 0.130378% 0.000000% 0.000000% 0.000000% 0.130378%
0.164015% 0.000000% 0.000000% 0.000000% 0.164015%
90 Days 0.065189% 0.000000% 0.000000% 0.000000% 0.065189%
0.088640% 0.000000% 0.000000% 0.000000% 0.088640%
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 0.717080% 0.000000% 0.000000% 0.000000% 0.717080%
0.780921% 0.000000% 0.000000% 0.000000% 0.780921%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1NC 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 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 10 0 0 0 10
1,587,409.67 0.00 0.00 0.00 1,587,409.67
60 Days 2 0 0 0 2
79,765.77 0.00 0.00 0.00 79,765.77
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 12 0 0 0 12
1,667,175.44 0.00 0.00 0.00 1,667,175.44
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.606796% 0.000000% 0.000000% 0.000000% 0.606796%
0.914345% 0.000000% 0.000000% 0.000000% 0.914345%
60 Days 0.121359% 0.000000% 0.000000% 0.000000% 0.121359%
0.045945% 0.000000% 0.000000% 0.000000% 0.045945%
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 0.728155% 0.000000% 0.000000% 0.000000% 0.728155%
0.960290% 0.000000% 0.000000% 0.000000% 0.960290%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 23,949.42
COLLATERAL STATEMENT
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 5.883288%
Weighted Average Pass-Through Rate 5.626288%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 3,281
Number Of Loans Paid In Full 23
Ending Scheduled Collateral Loan Count 3,258
Beginning Scheduled Collateral Balance 430,135,097.89
Ending Scheduled Collateral Balance 424,961,264.30
Ending Actual Collateral Balance at 31-Jan-2004 425,788,117.87
Monthly P &I Constant 3,086,712.89
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 7,058,631.13
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 424,961,264.30
Scheduled Principal 977,872.32
Unscheduled Principal 4,195,961.27
Miscellaneous Reporting
SES Ancillary Income 3283.11
SES Distributable Amount for Group CB 38401.62
SES Distributable Amount for Group NC 5946.56
SES Distributable Amount for Group 2 30624.11
Group Level Collateral Statement
Group Group 1CB Group 1NC Group 2
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 6.092077 6.153577 5.566063
Weighted Average Net Rate 5.842077 5.903577 5.316063
Weighted Average Maturity 348 352 169
Beginning Loan Count 1,544 79 1,658
Loans Paid In Full 10 3 10
Ending Loan Count 1,534 76 1,648
Beginning Scheduled Balance 220,963,510.54 34,415,747.16 174,755,840.19
Ending scheduled Balance 218,679,580.23 33,260,895.13 173,020,788.94
Record Date 01/31/2004 01/31/2004 01/31/2004
Principal And Interest Constant 1,365,948.76 211,491.70 1,509,272.43
Scheduled Principal 244,176.46 35,008.41 698,687.45
Unscheduled Principal 2,039,753.85 1,119,843.62 1,036,363.80
Scheduled Interest 1,121,772.30 176,483.29 810,584.98
Servicing Fees 46,034.07 7,169.95 36,407.46
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,288.94 200.76 1,019.42
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 1,074,449.29 169,112.58 773,158.10
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.835077 5.896577 5.309063
Group Level Collateral Statement
Group Total
Collateral Description Fixed 30 Year
Weighted Average Coupon Rate 5.883288
Weighted Average Net Rate 5.633288
Weighted Average Maturity 348
Beginning Loan Count 3,281
Loans Paid In Full 23
Ending Loan Count 3,258
Beginning Scheduled Balance 430,135,097.89
Ending scheduled Balance 424,961,264.30
Record Date 01/31/2004
Principal And Interest Constant 3,086,712.89
Scheduled Principal 977,872.32
Unscheduled Principal 4,195,961.27
Scheduled Interest 2,108,840.57
Servicing Fees 89,611.48
Master Servicing Fees 0.00
Trustee Fee 2,509.12
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,016,719.97
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.626288
Miscellaneous Reporting
Group Group 1CB
CPR 6.915589%
Group CB Subordinate Percentage 5.211876%
Group CB Subordinate Prepayment % 0.000000%
Group CB Senior Prepayment % 100.000000%
Group CB Senior Percentage 94.788124%
Group Group 1NC
Group NC Subordinate Percentage 5.078139%
Group NC Subordinate Prepayment % 0.000000%
Group NC Senior Prepayment % 100.000000%
Group NC Senior Percentage 94.921861%
Group Group 2
Group 2 Subordinate Percentage 2.139358%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment % 100.000000%
Group 2 Senior Percentage 97.860642%
Group