8-K 1 ba745804_8k.txt 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: January 30, 2004 (Date of earliest event reported) Commission File No. 333-105940 Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- Delaware 36-4514369 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 387-2111 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On January 30, 2004, Banc of America Mortgage Securities, Inc. (the "Registrant") amended the Pooling and Servicing Agreement, dated March 25, 2003, among the Registrant, as depositor, Bank of America, N.A., as servicer, and Wells Fargo Bank Minnesota, National Association, as trustee, relating to Banc of America Alternative Loan Trust 2003-2 Mortgage Pass-Through Certificates, Series 2003-2. A copy of the amendment is filed as an exhibit hereto. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description (EX-4) Amendment No. 1, dated January 30, 2004, to Pooling and Servicing Agreement, dated March 25, 2003, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee. 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 MORTGAGE SECURITIES, INC. January 30, 2004 By: /s/ Judy Lowman --------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Amendment No. 1, dated January E 30, 2004, to Pooling and Servicing Agreement, dated March 25, 2003, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee.

Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 12/31/03 Distribution Date: 1/26/04 BAA Series: 2003-2 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) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution CB-1 05948KAS8 SEN 5.75000% 83,472,447.63 399,972.14 1,568,724.66 CB-2 05948KAT6 SEN 1.64125% 174,231,067.86 238,297.28 3,993,319.18 CB-3 05948KAU3 SEN 5.75000% 14,302,263.91 68,531.68 (68,531.67) CB-4 05948KAV1 SEN 5.50000% 38,602,000.00 176,925.83 0.00 CB-5 05948KAW9 SEN 10.97400% 83,327,902.09 762,033.66 1,909,848.30 CB-6 05948KAX7 SEN 6.85875% 0.00 233,805.78 0.00 CB-7 05948KAY5 SEN 5.75000% 0.00 8,042.08 0.00 CB-WIO 05948KBB4 SEN 0.44174% 0.00 127,052.09 0.00 CB-LR 05948KBA6 SEN 5.75000% 0.00 0.00 0.00 CB-R 05948KAZ2 SEN 5.75000% 0.00 0.00 0.00 NC-1 05948KBC2 SEN 5.75000% 36,075,307.44 172,860.85 306,313.95 NC-2 05948KBD0 SEN 5.75000% 2,783,199.68 13,336.17 (13,336.16) NC-3 05948KBE8 SEN 5.75000% 11,000,000.00 52,708.33 0.00 NC-4 05948KBF5 SEN 4.50000% 31,024,042.90 116,340.16 263,423.87 NC-5 05948KBG3 SEN 5.75000% 0.00 32,316.71 0.00 NC-WIO 05948KBH1 SEN 0.40563% 0.00 24,772.59 0.00 PO 05948KBJ7 STP 0.00000% 1,124,450.71 0.00 8,062.39 B-1 05948KBK4 SUB 5.75000% 14,365,703.13 68,835.66 14,768.12 B-2 05948KBL2 SUB 5.75000% 6,584,528.25 31,550.86 6,768.98 B-3 05948KBM0 SUB 5.75000% 4,190,244.40 20,078.25 4,307.62 B-4 05948KBP3 SUB 5.75000% 1,795,960.54 8,605.64 1,846.27 B-5 05948KBQ1 SUB 5.75000% 2,095,122.20 10,039.13 2,153.81 B-6 05948KBR9 SUB 5.75000% 2,095,810.00 10,042.42 2,154.52 SES 05948KBN8 SEN 0.00000% 0.00 88,630.74 0.00 Totals 507,070,050.74 2,664,778.05 7,999,823.84

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses CB-1 0.00 81,903,722.97 1,968,696.80 0.00 CB-2 0.00 170,237,748.69 4,231,616.46 0.00 CB-3 0.00 14,370,795.59 0.01 0.00 CB-4 0.00 38,602,000.00 176,925.83 0.00 CB-5 0.00 81,418,053.79 2,671,881.96 0.00 CB-6 0.00 0.00 233,805.78 0.00 CB-7 0.00 0.00 8,042.08 0.00 CB-WIO 0.00 0.00 127,052.09 0.00 CB-LR 0.00 0.00 0.00 0.00 CB-R 0.00 0.00 0.00 0.00 NC-1 0.00 35,768,993.50 479,174.80 0.00 NC-2 0.00 2,796,535.84 0.01 0.00 NC-3 0.00 11,000,000.00 52,708.33 0.00 NC-4 0.00 30,760,619.03 379,764.03 0.00 NC-5 0.00 0.00 32,316.71 0.00 NC-WIO 0.00 0.00 24,772.59 0.00 PO 0.00 1,116,388.31 8,062.39 0.00 B-1 0.00 14,350,935.01 83,603.78 0.00 B-2 0.00 6,577,759.27 38,319.84 0.00 B-3 0.00 4,185,936.77 24,385.87 0.00 B-4 0.00 1,794,114.27 10,451.91 0.00 B-5 0.00 2,092,968.39 12,192.94 0.00 B-6 0.00 2,093,655.49 12,196.94 0.00 SES 0.00 0.00 88,630.74 0.00 Totals 0.00 499,070,226.92 10,664,601.89 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) CB-1 98,528,000.00 83,472,447.63 85,197.02 1,483,527.64 0.00 0.00 CB-2 212,518,647.00 174,231,067.86 216,876.12 3,776,443.06 0.00 0.00 CB-3 13,700,000.00 14,302,263.91 0.00 0.00 (68,531.67) 0.00 CB-4 38,602,000.00 38,602,000.00 0.00 0.00 0.00 0.00 CB-5 101,639,353.00 83,327,902.09 103,723.36 1,806,124.94 0.00 0.00 CB-6 0.00 0.00 0.00 0.00 0.00 0.00 CB-7 0.00 0.00 0.00 0.00 0.00 0.00 CB-WIO 0.00 0.00 0.00 0.00 0.00 0.00 CB-LR 50.00 0.00 0.00 0.00 0.00 0.00 CB-R 50.00 0.00 0.00 0.00 0.00 0.00 NC-1 50,000,000.00 36,075,307.44 47,201.12 259,112.82 0.00 0.00 NC-2 2,666,000.00 2,783,199.68 0.00 0.00 (13,336.16) 0.00 NC-3 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 NC-4 42,999,000.00 31,024,042.90 40,592.02 222,831.84 0.00 0.00 NC-5 0.00 0.00 0.00 0.00 0.00 0.00 NC-WIO 0.00 0.00 0.00 0.00 0.00 0.00 PO 1,187,709.00 1,124,450.71 1,520.28 6,542.11 0.00 0.00 B-1 14,502,000.00 14,365,703.13 14,768.12 0.00 0.00 0.00 B-2 6,647,000.00 6,584,528.25 6,768.98 0.00 0.00 0.00 B-3 4,230,000.00 4,190,244.40 4,307.62 0.00 0.00 0.00 B-4 1,813,000.00 1,795,960.54 1,846.27 0.00 0.00 0.00 B-5 2,115,000.00 2,095,122.20 2,153.81 0.00 0.00 0.00 B-6 2,115,693.00 2,095,810.00 2,154.52 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 604,263,502.00 507,070,050.74 527,109.24 7,554,582.41 (81,867.83) 0.00 (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.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution CB-1 1,568,724.66 81,903,722.97 0.83127358 1,568,724.66 CB-2 3,993,319.18 170,237,748.69 0.80104852 3,993,319.18 CB-3 (68,531.67) 14,370,795.59 1.04896318 (68,531.67) CB-4 0.00 38,602,000.00 1.00000000 0.00 CB-5 1,909,848.30 81,418,053.79 0.80104852 1,909,848.30 CB-6 0.00 0.00 0.00000000 0.00 CB-7 0.00 0.00 0.00000000 0.00 CB-WIO 0.00 0.00 0.00000000 0.00 CB-LR 0.00 0.00 0.00000000 0.00 CB-R 0.00 0.00 0.00000000 0.00 NC-1 306,313.95 35,768,993.50 0.71537987 306,313.95 NC-2 (13,336.16) 2,796,535.84 1.04896318 (13,336.16) NC-3 0.00 11,000,000.00 1.00000000 0.00 NC-4 263,423.87 30,760,619.03 0.71537987 263,423.87 NC-5 0.00 0.00 0.00000000 0.00 NC-WIO 0.00 0.00 0.00000000 0.00 PO 8,062.39 1,116,388.31 0.93995104 8,062.39 B-1 14,768.12 14,350,935.01 0.98958316 14,768.12 B-2 6,768.98 6,577,759.27 0.98958316 6,768.98 B-3 4,307.62 4,185,936.77 0.98958316 4,307.62 B-4 1,846.27 1,794,114.27 0.98958316 1,846.27 B-5 2,153.81 2,092,968.39 0.98958316 2,153.81 B-6 2,154.52 2,093,655.49 0.98958379 2,154.52 SES 0.00 0.00 0.00000000 0.00 Totals 7,999,823.84 499,070,226.92 0.82591490 7,999,823.84

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion CB-1 98,528,000.00 847.19518949 0.86469856 15.05691418 0.00000000 CB-2 212,518,647.00 819.83896622 1.02050396 17.76993743 0.00000000 CB-3 13,700,000.00 1043.96086934 0.00000000 0.00000000 (5.00231168) CB-4 38,602,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CB-5 101,639,353.00 819.83896621 1.02050394 17.76993740 0.00000000 CB-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 CB-7 0.00 0.00000000 0.00000000 0.00000000 0.00000000 CB-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 CB-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 CB-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 NC-1 50,000,000.00 721.50614880 0.94402240 5.18225640 0.00000000 NC-2 2,666,000.00 1043.96087022 0.00000000 0.00000000 (5.00231058) NC-3 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 NC-4 42,999,000.00 721.50614898 0.94402242 5.18225633 0.00000000 NC-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 NC-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 1,187,709.00 946.73923495 1.28001051 5.50817582 0.00000000 B-1 14,502,000.00 990.60151221 1.01835057 0.00000000 0.00000000 B-2 6,647,000.00 990.60151196 1.01835114 0.00000000 0.00000000 B-3 4,230,000.00 990.60151300 1.01834988 0.00000000 0.00000000 B-4 1,813,000.00 990.60151131 1.01835080 0.00000000 0.00000000 B-5 2,115,000.00 990.60151300 1.01834988 0.00000000 0.00000000 B-6 2,115,693.00 990.60213367 1.01835191 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution CB-1 0.00000000 15.92161274 831.27357675 0.83127358 15.92161274 CB-2 0.00000000 18.79044139 801.04852489 0.80104852 18.79044139 CB-3 0.00000000 (5.00231168) 1,048.96318175 1.04896318 (5.00231168) CB-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CB-5 0.00000000 18.79044134 801.04852488 0.80104852 18.79044134 CB-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 CB-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 CB-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NC-1 0.00000000 6.12627900 715.37987000 0.71537987 6.12627900 NC-2 0.00000000 (5.00231058) 1,048.96318080 1.04896318 (5.00231058) NC-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 NC-4 0.00000000 6.12627898 715.37987000 0.71537987 6.12627898 NC-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NC-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 6.78818633 939.95104020 0.93995104 6.78818633 B-1 0.00000000 1.01835057 989.58316163 0.98958316 1.01835057 B-2 0.00000000 1.01835114 989.58316082 0.98958316 1.01835114 B-3 0.00000000 1.01834988 989.58316076 0.98958316 1.01834988 B-4 0.00000000 1.01835080 989.58316051 0.98958316 1.01835080 B-5 0.00000000 1.01834988 989.58316312 0.98958316 1.01834988 B-6 0.00000000 1.01835191 989.58378649 0.98958379 1.01835191 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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.

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 CB-1 98,528,000.00 5.75000% 83,472,447.63 399,972.14 0.00 0.00 CB-2 212,518,647.00 1.64125% 174,231,067.86 238,297.28 0.00 0.00 CB-3 13,700,000.00 5.75000% 14,302,263.91 68,531.68 0.00 0.00 CB-4 38,602,000.00 5.50000% 38,602,000.00 176,925.83 0.00 0.00 CB-5 101,639,353.00 10.97400% 83,327,902.09 762,033.66 0.00 0.00 CB-6 0.00 6.85875% 40,906,424.35 233,805.78 0.00 0.00 CB-7 0.00 5.75000% 1,678,347.83 8,042.08 0.00 0.00 CB-WIO 0.00 0.44174% 345,143,292.05 127,052.09 0.00 0.00 CB-LR 50.00 5.75000% 0.00 0.00 0.00 0.00 CB-R 50.00 5.75000% 0.00 0.00 0.00 0.00 NC-1 50,000,000.00 5.75000% 36,075,307.44 172,860.85 0.00 0.00 NC-2 2,666,000.00 5.75000% 2,783,199.68 13,336.17 0.00 0.00 NC-3 11,000,000.00 5.75000% 11,000,000.00 52,708.33 0.00 0.00 NC-4 42,999,000.00 4.50000% 31,024,042.90 116,340.16 0.00 0.00 NC-5 0.00 5.75000% 6,744,357.15 32,316.71 0.00 0.00 NC-WIO 0.00 0.40563% 73,285,977.64 24,772.59 0.00 0.00 PO 1,187,709.00 0.00000% 1,124,450.71 0.00 0.00 0.00 B-1 14,502,000.00 5.75000% 14,365,703.13 68,835.66 0.00 0.00 B-2 6,647,000.00 5.75000% 6,584,528.25 31,550.86 0.00 0.00 B-3 4,230,000.00 5.75000% 4,190,244.40 20,078.25 0.00 0.00 B-4 1,813,000.00 5.75000% 1,795,960.54 8,605.64 0.00 0.00 B-5 2,115,000.00 5.75000% 2,095,122.20 10,039.13 0.00 0.00 B-6 2,115,693.00 5.75000% 2,095,810.00 10,042.42 0.00 0.00 SES 0.00 0.00000% 507,070,050.75 0.00 0.00 0.00 Totals 604,263,502.00 2,576,147.31 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 CB-1 0.00 0.00 399,972.14 0.00 81,903,722.97 CB-2 0.00 0.00 238,297.28 0.00 170,237,748.69 CB-3 0.00 0.00 68,531.68 0.00 14,370,795.59 CB-4 0.00 0.00 176,925.83 0.00 38,602,000.00 CB-5 0.00 0.00 762,033.66 0.00 81,418,053.79 CB-6 0.00 0.00 233,805.78 0.00 39,968,862.46 CB-7 0.00 0.00 8,042.08 0.00 1,678,347.83 CB-WIO 0.00 0.00 127,052.09 0.00 339,495,095.91 CB-LR 0.00 0.00 0.00 0.00 0.00 CB-R 0.00 0.00 0.00 0.00 0.00 NC-1 0.00 0.00 172,860.85 0.00 35,768,993.50 NC-2 0.00 0.00 13,336.17 0.00 2,796,535.84 NC-3 0.00 0.00 52,708.33 0.00 11,000,000.00 NC-4 0.00 0.00 116,340.16 0.00 30,760,619.03 NC-5 0.00 0.00 32,316.71 0.00 6,687,091.09 NC-WIO 0.00 0.00 24,772.59 0.00 72,745,171.62 PO 0.00 0.00 0.00 0.00 1,116,388.31 B-1 0.00 0.00 68,835.66 0.00 14,350,935.01 B-2 0.00 0.00 31,550.86 0.00 6,577,759.27 B-3 0.00 0.00 20,078.25 0.00 4,185,936.77 B-4 0.00 0.00 8,605.64 0.00 1,794,114.27 B-5 0.00 0.00 10,039.13 0.00 2,092,968.39 B-6 0.00 0.00 10,042.42 0.00 2,093,655.49 SES 0.00 0.00 88,630.74 0.00 499,070,226.92 Totals 0.00 0.00 2,664,778.05 0.00 (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.

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 CB-1 98,528,000.00 5.75000% 847.19518949 4.05947690 0.00000000 0.00000000 CB-2 212,518,647.00 1.64125% 819.83896622 1.12130057 0.00000000 0.00000000 CB-3 13,700,000.00 5.75000% 1043.96086934 5.00231241 0.00000000 0.00000000 CB-4 38,602,000.00 5.50000% 1000.00000000 4.58333325 0.00000000 0.00000000 CB-5 101,639,353.00 10.97400% 819.83896621 7.49742730 0.00000000 0.00000000 CB-6 0.00 6.85875% 819.83896623 4.68589206 0.00000000 0.00000000 CB-7 0.00 5.75000% 1000.00049453 4.79166704 0.00000000 0.00000000 CB-WIO 0.00 0.44174% 839.96242515 0.30920196 0.00000000 0.00000000 CB-LR 50.00 5.75000% 0.00000000 0.00000000 0.00000000 0.00000000 CB-R 50.00 5.75000% 0.00000000 0.00000000 0.00000000 0.00000000 NC-1 50,000,000.00 5.75000% 721.50614880 3.45721700 0.00000000 0.00000000 NC-2 2,666,000.00 5.75000% 1043.96087022 5.00231433 0.00000000 0.00000000 NC-3 11,000,000.00 5.75000% 1000.00000000 4.79166636 0.00000000 0.00000000 NC-4 42,999,000.00 4.50000% 721.50614898 2.70564804 0.00000000 0.00000000 NC-5 0.00 5.75000% 721.50620244 3.45721708 0.00000000 0.00000000 NC-WIO 0.00 0.40563% 753.03703476 0.25454634 0.00000000 0.00000000 PO 1,187,709.00 0.00000% 946.73923495 0.00000000 0.00000000 0.00000000 B-1 14,502,000.00 5.75000% 990.60151221 4.74663219 0.00000000 0.00000000 B-2 6,647,000.00 5.75000% 990.60151196 4.74663156 0.00000000 0.00000000 B-3 4,230,000.00 5.75000% 990.60151300 4.74663121 0.00000000 0.00000000 B-4 1,813,000.00 5.75000% 990.60151131 4.74662990 0.00000000 0.00000000 B-5 2,115,000.00 5.75000% 990.60151300 4.74663357 0.00000000 0.00000000 B-6 2,115,693.00 5.75000% 990.60213367 4.74663385 0.00000000 0.00000000 SES 0.00 0.00000% 839.15385913 0.00000000 0.00000000 0.00000000 All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance CB-1 0.00000000 0.00000000 4.05947690 0.00000000 831.27357675 CB-2 0.00000000 0.00000000 1.12130057 0.00000000 801.04852489 CB-3 0.00000000 0.00000000 5.00231241 0.00000000 1048.96318175 CB-4 0.00000000 0.00000000 4.58333325 0.00000000 1000.00000000 CB-5 0.00000000 0.00000000 7.49742730 0.00000000 801.04852488 CB-6 0.00000000 0.00000000 4.68589206 0.00000000 801.04852480 CB-7 0.00000000 0.00000000 4.79166704 0.00000000 1000.00049453 CB-WIO 0.00000000 0.00000000 0.30920196 0.00000000 826.21661975 CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NC-1 0.00000000 0.00000000 3.45721700 0.00000000 715.37987000 NC-2 0.00000000 0.00000000 5.00231433 0.00000000 1048.96318080 NC-3 0.00000000 0.00000000 4.79166636 0.00000000 1000.00000000 NC-4 0.00000000 0.00000000 2.70564804 0.00000000 715.37987000 NC-5 0.00000000 0.00000000 3.45721708 0.00000000 715.37992286 NC-WIO 0.00000000 0.00000000 0.25454634 0.00000000 747.48007864 PO 0.00000000 0.00000000 0.00000000 0.00000000 939.95104020 B-1 0.00000000 0.00000000 4.74663219 0.00000000 989.58316163 B-2 0.00000000 0.00000000 4.74663156 0.00000000 989.58316082 B-3 0.00000000 0.00000000 4.74663121 0.00000000 989.58316076 B-4 0.00000000 0.00000000 4.74662990 0.00000000 989.58316051 B-5 0.00000000 0.00000000 4.74663357 0.00000000 989.58316312 B-6 0.00000000 0.00000000 4.74663385 0.00000000 989.58378649 SES 0.00000000 0.00000000 0.14667565 0.00000000 825.91489337 (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.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage CB-PO 0.00000% 0.00 0.00 891,850.15 884,376.41 94.03046192% NC-PO 0.00000% 0.00 0.00 232,600.55 232,011.91 93.86057533% SES-1 0.00000% 420,142,279.61 412,705,607.64 0.00 0.00 83.97097489% SES-2 0.00000% 86,927,771.14 86,364,619.28 0.00 0.00 76.57966951%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,665,505.16 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 21,703.63 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 10,687,208.79 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 22,606.90 Payment of Interest and Principal 10,664,601.89 Total Withdrawals (Pool Distribution Amount) 10,687,208.79 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 21,127.92 Wells Fargo Trustee Fee 1,478.98 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 22,606.90

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 21 0 0 0 21 3,168,352.63 0.00 0.00 0.00 3,168,352.63 60 Days 2 0 0 0 2 263,348.60 0.00 0.00 0.00 263,348.60 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 2 0 0 0 2 106,793.52 0.00 0.00 0.00 106,793.52 Totals 25 0 0 0 25 3,538,494.75 0.00 0.00 0.00 3,538,494.75 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 0.643777% 0.000000% 0.000000% 0.000000% 0.643777% 0.634309% 0.000000% 0.000000% 0.000000% 0.634309% 60 Days 0.061312% 0.000000% 0.000000% 0.000000% 0.061312% 0.052723% 0.000000% 0.000000% 0.000000% 0.052723% 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 0.061312% 0.000000% 0.000000% 0.000000% 0.061312% 0.021380% 0.000000% 0.000000% 0.000000% 0.021380% Totals 0.766401% 0.000000% 0.000000% 0.000000% 0.766401% 0.708412% 0.000000% 0.000000% 0.000000% 0.708412%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 21 0 0 0 21 3,168,352.63 0.00 0.00 0.00 3,168,352.63 60 Days 2 0 0 0 2 263,348.60 0.00 0.00 0.00 263,348.60 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 2 0 0 0 2 106,793.52 0.00 0.00 0.00 106,793.52 Totals 25 0 0 0 25 3,538,494.75 0.00 0.00 0.00 3,538,494.75 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.686499% 0.000000% 0.000000% 0.000000% 0.686499% 0.767049% 0.000000% 0.000000% 0.000000% 0.767049% 60 Days 0.065381% 0.000000% 0.000000% 0.000000% 0.065381% 0.063756% 0.000000% 0.000000% 0.000000% 0.063756% 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 0.065381% 0.000000% 0.000000% 0.000000% 0.065381% 0.025854% 0.000000% 0.000000% 0.000000% 0.025854% Totals 0.817261% 0.000000% 0.000000% 0.000000% 0.817261% 0.856660% 0.000000% 0.000000% 0.000000% 0.856660% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 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%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 21,703.63

COLLATERAL STATEMENT Collateral Description Fixed Weighted Average Gross Coupon 0.000000% Weighted Average Net Coupon 6.100048% Weighted Average Pass-Through Rate 0.000000% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 3,305 Number Of Loans Paid In Full 43 Ending Scheduled Collateral Loan Count 3,262 Beginning Scheduled Collateral Balance 507,070,050.75 Ending Scheduled Collateral Balance 499,070,226.92 Ending Actual Collateral Balance at 31-Dec-2003 499,497,048.17 Monthly P &I Constant 3,204,598.07 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 499,070,226.92 Scheduled Principal 521,332.30 Unscheduled Principal 7,478,491.53

Miscellaneous Reporting Class CB-4 Prioirty Percentage 9.207385% Class NC-3 Priority Percentage 12.688135% Class SES Distributable Amount 4119.07

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 30 Year Fixed 30 Year Fixed Weighted Average Coupon Rate 6.354177 6.330088 0.000000 Weighted Average Net Rate 6.104177 6.080088 6.100048 Weighted Average Maturity 347 345 346 Beginning Loan Count 3,101 204 3,305 Loans Paid In Full 42 1 43 Ending Loan Count 3,059 203 3,262 Beginning Scheduled Balance 420,142,279.61 86,927,771.14 507,070,050.75 Ending scheduled Balance 412,705,607.64 86,364,619.28 499,070,226.92 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal And Interest Constant 2,653,633.40 550,964.67 3,204,598.07 Scheduled Principal 428,918.02 92,414.28 521,332.30 Unscheduled Principal 7,007,753.95 470,737.58 7,478,491.53 Scheduled Interest 2,224,715.38 458,550.39 2,683,265.77 Servicing Fees 87,529.63 18,109.94 105,639.57 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,225.43 253.55 1,478.98 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 2,135,960.32 440,186.90 2,576,147.22 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

Miscellaneous Reporting Group 1 CPR 18.294574% Group 1 Senior Percentage 93.961903% Group 1 Senior Prepayment Percentage 100.000000% Group 1 Subordinate Percentage 6.038097% Group 1 Subordinate Prepmt Percentage 0.000000% Group 2 CPR 6.314747% Group 2 Senior Percentage 93.295335% Group 2 Senior Prepayment Percentage 100.000000% Group 2 Subordinate Percentage 6.704665% Group 2 Subordinate Prepmt Percentage 0.000000%

Filing Compare · BANC OF AMERICA MORTGAGE SEC INC ALTERNATIVE LOAN TR 2003-2