8-K 1 ba745369-8k.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 September 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 the Registrant's Mortgage Pass-Through Certificates, Series 2003-I. 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 September 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:_______________________________________ 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 September 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 Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 2/29/2004 Distribution Date: 3/25/2004 BAM Series: 2003-I 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 1-A-1 05948XUT6 SEN 3.33442% 232,959,770.96 647,321.78 12,332,451.16 1-A-R 05948XUU3 SEN 3.33082% 0.00 0.00 0.00 1-A-MR 05948XUV1 SEN 3.33082% 0.00 0.00 0.00 1-A-LR 05948XUW9 SEN 3.33082% 0.00 0.00 0.00 2-A-1 05948XUX7 SEN 1.58300% 117,469,519.66 154,961.87 13,842,609.37 2-A-2 05948XUY5 SEN 3.64700% 71,478,000.00 217,233.55 0.00 2-A-3 05948XUZ2 SEN 3.33500% 63,157,000.00 175,523.83 0.00 2-A-4 05948XVA6 SEN 3.82800% 89,485,000.00 285,457.15 0.00 2-A-5 05948XVB4 SEN 4.25080% 86,608,000.00 306,794.60 0.00 2-A-6 05948XVC2 SEN 4.25080% 230,070,000.00 814,985.15 0.00 2-A-7 05948XVD0 SEN 3.75700% 50,000,000.00 156,541.67 0.00 2-A-IO 05948XVE8 IO 1.21788% 0.00 397,423.43 0.00 3-A-1 05948XVF5 SEN 4.56564% 164,570,705.48 626,142.02 2,294,863.79 B-1 05948XVG3 SUB 4.08896% 15,094,841.80 51,435.17 17,958.52 B-2 05948XVH1 SUB 4.08896% 7,245,683.13 24,689.42 8,620.28 B-3 05948XVJ7 SUB 4.08896% 4,829,792.63 16,457.36 5,746.06 B-4 05948XVK4 SUB 4.08896% 1,811,420.78 6,172.36 2,155.07 B-5 05948XVL2 SUB 4.08896% 1,811,420.78 6,172.36 2,155.07 B-6 05948XVM0 SUB 4.08896% 2,415,505.75 8,230.75 2,873.76 SES 05948XVN8 SEN 0.00000% 0.00 219,469.25 0.00 1-IO 05948XVP3 IO 0.44500% 0.00 89,173.28 0.00 Totals 1,139,006,660.97 4,204,185.00 28,509,433.08

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 220,627,319.80 12,979,772.94 0.00 1-A-R 0.00 0.00 0.00 0.00 1-A-MR 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 2-A-1 0.00 103,626,910.29 13,997,571.24 0.00 2-A-2 0.00 71,478,000.00 217,233.55 0.00 2-A-3 0.00 63,157,000.00 175,523.83 0.00 2-A-4 0.00 89,485,000.00 285,457.15 0.00 2-A-5 0.00 86,608,000.00 306,794.60 0.00 2-A-6 0.00 230,070,000.00 814,985.15 0.00 2-A-7 0.00 50,000,000.00 156,541.67 0.00 2-A-IO 0.00 0.00 397,423.43 0.00 3-A-1 0.00 162,275,841.69 2,921,005.81 0.00 B-1 0.00 15,076,883.28 69,393.69 0.00 B-2 0.00 7,237,062.86 33,309.70 0.00 B-3 0.00 4,824,046.56 22,203.42 0.00 B-4 0.00 1,809,265.71 8,327.43 0.00 B-5 0.00 1,809,265.71 8,327.43 0.00 B-6 0.00 2,412,632.00 11,104.51 0.00 SES 0.00 0.00 219,469.25 0.00 1-IO 0.00 0.00 89,173.28 0.00 Totals 0.00 1,110,497,227.90 32,713,618.08 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) 1-A-1 267,438,000.00 232,959,770.96 351,125.41 11,981,325.75 0.00 0.00 1-A-R 50.00 0.00 0.00 0.00 0.00 0.00 1-A-MR 25.00 0.00 0.00 0.00 0.00 0.00 1-A-LR 25.00 0.00 0.00 0.00 0.00 0.00 2-A-1 152,746,000.00 117,469,519.66 726,600.27 13,116,009.10 0.00 0.00 2-A-2 71,478,000.00 71,478,000.00 0.00 0.00 0.00 0.00 2-A-3 63,157,000.00 63,157,000.00 0.00 0.00 0.00 0.00 2-A-4 89,485,000.00 89,485,000.00 0.00 0.00 0.00 0.00 2-A-5 86,608,000.00 86,608,000.00 0.00 0.00 0.00 0.00 2-A-6 230,070,000.00 230,070,000.00 0.00 0.00 0.00 0.00 2-A-7 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00 2-A-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 170,194,000.00 164,570,705.48 231,715.60 2,063,148.19 0.00 0.00 B-1 15,183,000.00 15,094,841.80 17,958.52 0.00 0.00 0.00 B-2 7,288,000.00 7,245,683.13 8,620.28 0.00 0.00 0.00 B-3 4,858,000.00 4,829,792.63 5,746.06 0.00 0.00 0.00 B-4 1,822,000.00 1,811,420.78 2,155.07 0.00 0.00 0.00 B-5 1,822,000.00 1,811,420.78 2,155.07 0.00 0.00 0.00 B-6 2,429,613.00 2,415,505.75 2,873.76 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 1-IO 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,214,578,713.00 1,139,006,660.97 1,348,950.04 27,160,483.04 0.00 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 1-A-1 12,332,451.16 220,627,319.80 0.82496623 12,332,451.16 1-A-R 0.00 0.00 0.00000000 0.00 1-A-MR 0.00 0.00 0.00000000 0.00 1-A-LR 0.00 0.00 0.00000000 0.00 2-A-1 13,842,609.37 103,626,910.29 0.67842634 13,842,609.37 2-A-2 0.00 71,478,000.00 1.00000000 0.00 2-A-3 0.00 63,157,000.00 1.00000000 0.00 2-A-4 0.00 89,485,000.00 1.00000000 0.00 2-A-5 0.00 86,608,000.00 1.00000000 0.00 2-A-6 0.00 230,070,000.00 1.00000000 0.00 2-A-7 0.00 50,000,000.00 1.00000000 0.00 2-A-IO 0.00 0.00 0.00000000 0.00 3-A-1 2,294,863.79 162,275,841.69 0.95347569 2,294,863.79 B-1 17,958.52 15,076,883.28 0.99301082 17,958.52 B-2 8,620.28 7,237,062.86 0.99301082 8,620.28 B-3 5,746.06 4,824,046.56 0.99301082 5,746.06 B-4 2,155.07 1,809,265.71 0.99301082 2,155.07 B-5 2,155.07 1,809,265.71 0.99301082 2,155.07 B-6 2,873.76 2,412,632.00 0.99301082 2,873.76 SES 0.00 0.00 0.00000000 0.00 1-IO 0.00 0.00 0.00000000 0.00 Totals 28,509,433.08 1,110,497,227.90 0.91430651 28,509,433.08

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 267,438,000.00 871.07954352 1.31292266 44.80038644 0.00000000 1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-MR 25.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 25.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 152,746,000.00 769.05136409 4.75691848 85.86810195 0.00000000 2-A-2 71,478,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-3 63,157,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-4 89,485,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-5 86,608,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-6 230,070,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-7 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 170,194,000.00 966.95950198 1.36147925 12.12233210 0.00000000 B-1 15,183,000.00 994.19362445 1.18280445 0.00000000 0.00000000 B-2 7,288,000.00 994.19362377 1.18280461 0.00000000 0.00000000 B-3 4,858,000.00 994.19362495 1.18280362 0.00000000 0.00000000 B-4 1,822,000.00 994.19362239 1.18280461 0.00000000 0.00000000 B-5 1,822,000.00 994.19362239 1.18280461 0.00000000 0.00000000 B-6 2,429,613.00 994.19362261 1.18280566 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-IO 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 1-A-1 0.00000000 46.11330910 824.96623442 0.82496623 46.11330910 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-MR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 90.62502043 678.42634367 0.67842634 90.62502043 2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 13.48381136 953.47569062 0.95347569 13.48381136 B-1 0.00000000 1.18280445 993.01082000 0.99301082 1.18280445 B-2 0.00000000 1.18280461 993.01082053 0.99301082 1.18280461 B-3 0.00000000 1.18280362 993.01081927 0.99301082 1.18280362 B-4 0.00000000 1.18280461 993.01081778 0.99301082 1.18280461 B-5 0.00000000 1.18280461 993.01081778 0.99301082 1.18280461 B-6 0.00000000 1.18280566 993.01082106 0.99301082 1.18280566 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-IO 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 1-A-1 267,438,000.00 3.33442% 232,959,770.96 647,321.79 0.00 0.00 1-A-R 50.00 3.33082% 0.00 0.00 0.00 0.00 1-A-MR 25.00 3.33082% 0.00 0.00 0.00 0.00 1-A-LR 25.00 3.33082% 0.00 0.00 0.00 0.00 2-A-1 152,746,000.00 1.58300% 117,469,519.66 154,961.87 0.00 0.00 2-A-2 71,478,000.00 3.64700% 71,478,000.00 217,233.56 0.00 0.00 2-A-3 63,157,000.00 3.33500% 63,157,000.00 175,523.83 0.00 0.00 2-A-4 89,485,000.00 3.82800% 89,485,000.00 285,457.15 0.00 0.00 2-A-5 86,608,000.00 4.25080% 86,608,000.00 306,794.60 0.00 0.00 2-A-6 230,070,000.00 4.25080% 230,070,000.00 814,985.15 0.00 0.00 2-A-7 50,000,000.00 3.75700% 50,000,000.00 156,541.67 0.00 0.00 2-A-IO 0.00 1.21788% 391,589,519.66 397,423.43 0.00 0.00 3-A-1 170,194,000.00 4.56564% 164,570,705.48 626,142.02 0.00 0.00 B-1 15,183,000.00 4.08896% 15,094,841.80 51,435.17 0.00 0.00 B-2 7,288,000.00 4.08896% 7,245,683.13 24,689.42 0.00 0.00 B-3 4,858,000.00 4.08896% 4,829,792.63 16,457.36 0.00 0.00 B-4 1,822,000.00 4.08896% 1,811,420.78 6,172.36 0.00 0.00 B-5 1,822,000.00 4.08896% 1,811,420.78 6,172.36 0.00 0.00 B-6 2,429,613.00 4.08896% 2,415,505.75 8,230.75 0.00 0.00 SES 0.00 0.00000% 1,139,006,661.77 0.00 0.00 0.00 1-IO 0.00 0.44500% 240,467,260.09 89,173.28 0.00 0.00 Totals 1,214,578,713.00 3,984,715.77 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 1-A-1 0.01 0.00 647,321.78 0.00 220,627,319.80 1-A-R 0.00 0.00 0.00 0.00 0.00 1-A-MR 0.00 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 0.00 2-A-1 0.00 0.00 154,961.87 0.00 103,626,910.29 2-A-2 0.00 0.00 217,233.55 0.00 71,478,000.00 2-A-3 0.00 0.00 175,523.83 0.00 63,157,000.00 2-A-4 0.00 0.00 285,457.15 0.00 89,485,000.00 2-A-5 0.00 0.00 306,794.60 0.00 86,608,000.00 2-A-6 0.01 0.00 814,985.15 0.00 230,070,000.00 2-A-7 0.00 0.00 156,541.67 0.00 50,000,000.00 2-A-IO 0.00 0.00 397,423.43 0.00 377,746,910.29 3-A-1 0.01 0.00 626,142.02 0.00 162,275,841.69 B-1 0.00 0.00 51,435.17 0.00 15,076,883.28 B-2 0.00 0.00 24,689.42 0.00 7,237,062.86 B-3 0.00 0.00 16,457.36 0.00 4,824,046.56 B-4 0.00 0.00 6,172.36 0.00 1,809,265.71 B-5 0.00 0.00 6,172.36 0.00 1,809,265.71 B-6 0.00 0.00 8,230.75 0.00 2,412,632.00 SES 0.00 0.00 219,469.25 0.00 1,110,497,228.70 1-IO 0.00 0.00 89,173.28 0.00 228,123,493.37 Totals 0.03 0.00 4,204,185.00 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 1-A-1 267,438,000.00 3.33442% 871.07954352 2.42045554 0.00000000 0.00000000 1-A-R 50.00 3.33082% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-MR 25.00 3.33082% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 25.00 3.33082% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 152,746,000.00 1.58300% 769.05136409 1.01450689 0.00000000 0.00000000 2-A-2 71,478,000.00 3.64700% 1000.00000000 3.03916674 0.00000000 0.00000000 2-A-3 63,157,000.00 3.33500% 1000.00000000 2.77916668 0.00000000 0.00000000 2-A-4 89,485,000.00 3.82800% 1000.00000000 3.19000000 0.00000000 0.00000000 2-A-5 86,608,000.00 4.25080% 1000.00000000 3.54233558 0.00000000 0.00000000 2-A-6 230,070,000.00 4.25080% 1000.00000000 3.54233559 0.00000000 0.00000000 2-A-7 50,000,000.00 3.75700% 1000.00000000 3.13083340 0.00000000 0.00000000 2-A-IO 0.00 1.21788% 917.35935788 0.93102620 0.00000000 0.00000000 3-A-1 170,194,000.00 4.56564% 966.95950198 3.67898998 0.00000000 0.00000000 B-1 15,183,000.00 4.08896% 994.19362445 3.38768162 0.00000000 0.00000000 B-2 7,288,000.00 4.08896% 994.19362377 3.38768112 0.00000000 0.00000000 B-3 4,858,000.00 4.08896% 994.19362495 3.38768217 0.00000000 0.00000000 B-4 1,822,000.00 4.08896% 994.19362239 3.38768386 0.00000000 0.00000000 B-5 1,822,000.00 4.08896% 994.19362239 3.38768386 0.00000000 0.00000000 B-6 2,429,613.00 4.08896% 994.19362261 3.38767944 0.00000000 0.00000000 SES 0.00 0.00000% 917.38578402 0.00000000 0.00000000 0.00000000 1-IO 0.00 0.44500% 874.42309437 0.32426525 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 1-A-1 0.00000004 0.00000000 2.42045551 0.00000000 824.96623442 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-MR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 1.01450689 0.00000000 678.42634367 2-A-2 0.00000000 0.00000000 3.03916660 0.00000000 1000.00000000 2-A-3 0.00000000 0.00000000 2.77916668 0.00000000 1000.00000000 2-A-4 0.00000000 0.00000000 3.19000000 0.00000000 1000.00000000 2-A-5 0.00000000 0.00000000 3.54233558 0.00000000 1000.00000000 2-A-6 0.00000004 0.00000000 3.54233559 0.00000000 1000.00000000 2-A-7 0.00000000 0.00000000 3.13083340 0.00000000 1000.00000000 2-A-IO 0.00000000 0.00000000 0.93102620 0.00000000 884.93089234 3-A-1 0.00000006 0.00000000 3.67898998 0.00000000 953.47569062 B-1 0.00000000 0.00000000 3.38768162 0.00000000 993.01082000 B-2 0.00000000 0.00000000 3.38768112 0.00000000 993.01082053 B-3 0.00000000 0.00000000 3.38768217 0.00000000 993.01081927 B-4 0.00000000 0.00000000 3.38768386 0.00000000 993.01081778 B-5 0.00000000 0.00000000 3.38768386 0.00000000 993.01081778 B-6 0.00000000 0.00000000 3.38767944 0.00000000 993.01082106 SES 0.00000000 0.00000000 0.17676628 0.00000000 894.42354026 1-IO 0.00000000 0.00000000 0.32426525 0.00000000 829.53683964 (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 SES-1 0.00000% 240,467,260.09 228,123,493.37 0.00 0.00 82.95368396% SES-2 0.00000% 729,188,029.02 715,323,957.64 0.00 0.00 93.55899278% SES-3 0.00000% 169,351,372.66 167,049,777.69 0.00 0.00 9.54565953%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 32,762,975.05 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 32,762,975.05 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 49,356.97 Payment of Interest and Principal 32,713,618.08 Total Withdrawals (Pool Distribution Amount) 32,762,975.05 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 47,458.61 Trustee Fee - Wells Fargo Bank, N.A. 1,898.36 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 49,356.97

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 11 0 0 0 11 5,911,904.59 0.00 0.00 0.00 5,911,904.59 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 474,154.72 0.00 0.00 0.00 474,154.72 120 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 6,386,059.31 0.00 0.00 0.00 6,386,059.31 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 0.522317% 0.000000% 0.000000% 0.000000% 0.522317% 0.531806% 0.000000% 0.000000% 0.000000% 0.531806% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.047483% 0.000000% 0.000000% 0.000000% 0.047483% 0.042653% 0.000000% 0.000000% 0.000000% 0.042653% 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 0.569801% 0.000000% 0.000000% 0.000000% 0.569801% 0.574459% 0.000000% 0.000000% 0.000000% 0.574459%

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 678,824.07 0.00 0.00 0.00 678,824.07 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 474,154.72 0.00 0.00 0.00 474,154.72 120 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 2 0 0 0 2 1,152,978.79 0.00 0.00 0.00 1,152,978.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.225225% 0.000000% 0.000000% 0.000000% 0.225225% 0.297163% 0.000000% 0.000000% 0.000000% 0.297163% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.225225% 0.000000% 0.000000% 0.000000% 0.225225% 0.207567% 0.000000% 0.000000% 0.000000% 0.207567% 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 0.450450% 0.000000% 0.000000% 0.000000% 0.450450% 0.504730% 0.000000% 0.000000% 0.000000% 0.504730% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 3,138,525.11 0.00 0.00 0.00 3,138,525.11 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 6 0 0 0 6 3,138,525.11 0.00 0.00 0.00 3,138,525.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.450789% 0.000000% 0.000000% 0.000000% 0.450789% 0.438364% 0.000000% 0.000000% 0.000000% 0.438364% 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 0.450789% 0.000000% 0.000000% 0.000000% 0.450789% 0.438364% 0.000000% 0.000000% 0.000000% 0.438364% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 4 0 0 0 4 2,094,555.41 0.00 0.00 0.00 2,094,555.41 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 4 0 0 0 4 2,094,555.41 0.00 0.00 0.00 2,094,555.41 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.208459% 0.000000% 0.000000% 0.000000% 1.208459% 1.252223% 0.000000% 0.000000% 0.000000% 1.252223% 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 1.208459% 0.000000% 0.000000% 0.000000% 1.208459% 1.252223% 0.000000% 0.000000% 0.000000% 1.252223%

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

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.476486% Weighted Average Net Coupon 4.226486% Weighted Average Pass-Through Rate 4.198096% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 2,155 Number Of Loans Paid In Full 49 Ending Scheduled Collateral Loan Count 2,106 Beginning Scheduled Collateral Balance 1,139,006,661.77 Ending Scheduled Collateral Balance 1,110,497,228.70 Ending Actual Collateral Balance at 29-Feb-2004 1,111,664,982.63 Monthly P &I Constant 5,597,905.86 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 1,110,497,228.70 Scheduled Principal 1,348,950.03 Unscheduled Principal 27,160,483.04

Miscellaneous Reporting Total Senior % 97.084419% Aggregate Subordinate % 2.915581%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.156422 4.502803 4.817639 Weighted Average Net Rate 3.906422 4.252803 4.567639 Weighted Average Maturity 350 351 348 Beginning Loan Count 466 1,355 334 Loans Paid In Full 22 24 3 Ending Loan Count 444 1,331 331 Beginning Scheduled Balance 240,467,260.09 729,188,029.02 169,351,372.66 Ending scheduled Balance 228,123,493.37 715,323,957.64 167,049,777.69 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 1,195,343.78 3,484,220.49 918,341.59 Scheduled Principal 362,440.97 748,062.28 238,446.78 Unscheduled Principal 11,981,325.75 13,116,009.10 2,063,148.19 Scheduled Interest 832,902.81 2,736,158.21 679,894.81 Servicing Fees 50,097.34 151,914.17 35,281.53 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 400.76 1,215.36 282.24 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 25,048.69 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 757,356.02 2,583,028.68 644,331.04 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 3.779422 4.250803 4.565639

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.476486 Weighted Average Net Rate 4.226486 Weighted Average Maturity 349 Beginning Loan Count 2,155 Loans Paid In Full 49 Ending Loan Count 2,106 Beginning Scheduled Balance 1,139,006,661.77 Ending scheduled Balance 1,110,497,228.70 Record Date 02/29/2004 Principal And Interest Constant 5,597,905.86 Scheduled Principal 1,348,950.03 Unscheduled Principal 27,160,483.04 Scheduled Interest 4,248,955.83 Servicing Fees 237,293.04 Master Servicing Fees 0.00 Trustee Fee 1,898.36 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 25,048.69 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 3,984,715.74 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 4.198096

Miscellaneous Reporting Group Group 1 CPR 45.895967% Senior % 96.877958% Senior Prepayment % 100.000000% Subordinate % 3.122042% Subordinate Prepayment % 0.000000% Group Group 2 CPR 19.590371% Senior % 97.130986% Senior Prepayment % 100.000000% Subordinate % 2.869014% Subordinate Prepayment % 0.000000% Group Group 3 CPR 13.696346% Senior % 97.177072% Senior Prepayment % 100.000000% Subordinate % 2.822928% Subordinate Prepayment % 0.000000%

Filing Compare · BANC OF AMERICA MORTGAGE SECURITIES SERIES 2003 I