8-K 1 baa03001_jan.txt JAN. 8K 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): January 26, 2004 BANC OF AMERICA ALTERNATIVE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101500-03 54-2090855 Pooling and Servicing Agreement) (Commission 54-2090856 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, 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 January 26, 2004 a distribution was made to holders of BANC OF AMERICA ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates , Series 2003-1 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 2003-1 Trust, relating to the January 26, 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 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 2/4/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the January 26, 2004 distribution. EX-99.1

Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 1112/3031/03 Distribution Date: 121/26/0304 BAA Series: 2003-1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 05948KAA7 SEN 5.00000% 8179,~~689~~861,~~508~~341.3034 ~~340~~332,~~372~~755.9556 1,~~828~~713,~~166~~760.9788 A-2 05948KAB5 SEN 5.50000% 8179,~~689~~861,~~508~~341.3034 ~~374~~366,~~410~~031.2512 1,~~828~~713,~~166~~760.9788 A-3 05948KAC3 SEN 1.~~60875~~63125% 4947,~~013~~916,~~704~~803.0589 65,~~709~~136.0090 1,~~096~~028,~~900~~256.1651 A-4 05948KAD1 SEN 6.~~89125~~86875% 0.00 ~~281~~274,~~471~~273.4177 0.00 A-5 05948KAE9 SEN 6.00000% 1,~~051~~056,~~139~~395.5020 5,~~255~~281.7098 (5,~~255~~281.7098) A-6 05948KAF6 SEN 6.00000% 32,500,000.00 162,~~500~~499.0099 0.00 A-PO 05948KAK5 PO 0.00000% 1,~~308~~291,~~981~~882.6649 0.00 173,~~099~~962.1705 A-WIO 05948KAJ8 IO 0.~~34426~~34456% 0.00 5554,~~431~~248.7818 0.00 B-1 05948KAL3 SUB 6.00000% 8,~~537~~528,~~427~~425.0586 42,~~687~~642.1413 9,~~001~~056.2040 B-2 05948KAM1 SUB 6.00000% 3,~~221~~218,~~707~~311.9523 16,~~108~~091.5455 3,~~396~~417.7255 B-3 05948KAN9 SUB 6.00000% 1,~~610~~609,~~853~~155.9762 8,~~054~~045.2778 1,~~698~~708.3678 B-4 05948KAP4 SUB 6.00000% 1,~~289~~287,~~079~~720.2111 6,~~445~~438.4060 1,~~359~~367.1044 B-5 05948KAQ2 SUB 6.00000% ~~966~~965,~~314~~295.3756 4,~~831~~826.5748 1,~~018~~025.8106 B-6 05948KAR0 SUB 6.00000% ~~967~~966,~~022~~002.1054 4,~~835~~830.1101 1,~~019~~025.5581 A-R 05948KAG4 SEN 6.00000% 0.00 0.00 0.00 A-LR 05948KAH2 SEN 6.00000% 0.00 0.00 0.00 SES ~~ANCOF031SE~~BANCOF031SES SEN 0.00000% 0.00 4645,~~272~~370.4825 0.00 Totals ~~263~~259,~~845~~062,~~246~~675.4618 1,~~414~~388,~~385~~472.6030 4,~~782~~472,~~571~~059.3138

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 7978,~~861~~147,~~341~~580.3445 2,~~168~~046,~~539~~516.9244 0.00 A-2 0.00 7978,~~861~~147,~~341~~580.3445 2,~~202~~079,~~577~~792.2200 0.00 A-3 0.00 4746,~~916~~888,~~803~~547.8938 1,~~162~~093,~~609~~393.1641 0.00 A-4 0.00 0.00 ~~281~~274,~~471~~273.4177 0.00 A-5 0.00 1,~~056~~061,~~395~~677.2017 0.00 0.00 A-6 0.00 32,500,000.00 162,~~500~~499.0099 0.00 A-PO 0.00 1,~~291~~287,~~882~~920.4944 173,~~099~~962.1705 0.00 A-WIO 0.00 0.00 5554,~~431~~248.7818 0.00 B-1 0.00 8,~~528~~519,~~425~~369.8645 51,~~688~~698.3453 0.00 B-2 0.00 3,~~218~~214,~~311~~893.2368 19,~~505~~509.2610 0.00 B-3 0.00 1,~~609~~607,~~155~~446.6284 9,~~752~~754.6356 0.00 B-4 0.00 1,~~287~~286,~~720~~352.1166 7,~~804~~806.5004 0.00 B-5 0.00 ~~965~~964,~~295~~270.5651 5,~~850~~851.3854 0.00 B-6 0.00 ~~966~~964,~~002~~976.5474 5,~~854~~855.6682 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 SES 0.00 0.00 4645,~~272~~370.4825 0.00 Totals 0.00 ~~259~~254,~~062~~590,~~675~~615.1877 65,~~196~~860,~~956~~531.9168 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) A-1 105,253,462.00 8179,~~689~~861,~~508~~341.3034 9998,~~842~~627.7062 1,~~728~~615,~~324~~133.27 0.00 0.00 A-2 105,253,462.00 8179,~~689~~861,~~508~~341.3034 9998,~~842~~627.7062 1,~~728~~615,~~324~~133.27 0.00 0.00 A-3 63,152,076.00 4947,~~013~~916,~~704~~803.0589 59,~~905~~176.6257 1969,~~036,994~~079.5494 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 1,000,000.00 1,~~051~~056,~~139~~395.5020 0.00 0.00 (5,~~255~~281.7098) 0.00 A-6 32,500,000.00 32,500,000.00 0.00 0.00 0.00 0.00 A-PO 1,480,975.00 1,~~308~~291,~~981~~882.6649 1,~~652~~626.2656 152,~~446~~335.9049 0.00 0.00 A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 8,623,000.00 8,~~537~~528,~~427~~425.0586 9,~~001~~056.2040 0.00 0.00 0.00 B-2 3,254,000.00 3,~~221~~218,~~707~~311.9523 3,~~396~~417.7255 0.00 0.00 0.00 B-3 1,627,000.00 1,~~610~~609,~~853~~155.9762 1,~~698~~708.3678 0.00 0.00 0.00 B-4 1,302,000.00 1,~~289~~287,~~079~~720.2111 1,~~359~~367.1044 0.00 0.00 0.00 B-5 976,000.00 ~~966~~965,~~314~~295.3756 1,~~018~~025.8106 0.00 0.00 0.00 B-6 976,714.00 ~~967~~966,~~022~~002.1054 1,~~019~~025.5581 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 325,398,789.00 ~~263~~259,~~845~~062,~~246~~675.4618 ~~278~~275,~~737~~659.0241 4,~~509~~201,~~089~~681.9897 (5,~~255~~281.7098) 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 A-1 1,~~828~~713,~~166~~760.9788 7978,~~861~~147,~~341~~580.3445 0.~~75875263~~74247040 1,~~828~~713,~~166~~760.9788 A-2 1,~~828~~713,~~166~~760.9788 7978,~~861~~147,~~341~~580.3445 0.~~75875263~~74247040 1,~~828~~713,~~166~~760.9788 A-3 1,~~096~~028,~~900~~256.1651 4746,~~916~~888,~~803~~547.8938 0.~~75875263~~74247040 1,~~096~~028,~~900~~256.1651 A-4 0.00 0.00 0.00000000 0.00 A-5 (5,~~255~~281.7098) 1,~~056~~061,~~395~~677.2017 1.~~05639520~~06167717 (5,~~255~~281.7098) A-6 0.00 32,500,000.00 1.00000000 0.00 A-PO 173,~~099~~962.1705 1,~~291~~287,~~882~~920.4944 0.~~87231890~~86964361 173,~~099~~962.1705 A-WIO 0.00 0.00 0.00000000 0.00 B-1 9,~~001~~056.2040 8,~~528~~519,~~425~~369.8645 0.~~98903234~~98798208 9,~~001~~056.2040 B-2 3,~~396~~417.7255 3,~~218~~214,~~311~~893.2368 0.~~98903234~~98798208 3,~~396~~417.7255 B-3 1,~~698~~708.3678 1,~~609~~607,~~155~~446.6284 0.~~98903234~~98798208 1,~~698~~708.3678 B-4 1,~~359~~367.1044 1,~~287~~286,~~720~~352.1166 0.~~98903234~~98798207 1,~~359~~367.1044 B-5 1,~~018~~025.8106 ~~965~~964,~~295~~270.5651 0.~~98903234~~98798208 1,~~018~~025.8106 B-6 1,~~019~~025.5581 ~~966~~964,~~002~~976.5474 0.~~98903317~~98798291 1,~~019~~025.5581 A-R 0.00 0.00 0.00000000 0.00 A-LR 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 4,~~782~~472,~~571~~059.3138 ~~259~~254,~~062~~590,~~675~~615.1877 0.~~79613903~~78239571 4,~~782~~472,~~571~~059.3138

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 105,253,462.00 ~~776~~758.~~12181821~~75263219 0.~~94859303~~93704870 1615.~~42059308~~34517952 0.00000000 A-2 105,253,462.00 ~~776~~758.~~12181821~~75263219 0.~~94859303~~93704870 1615.~~42059308~~34517952 0.00000000 A-3 63,152,076.00 ~~776~~758.~~12181823~~75263214 0.~~94859304~~93704869 1615.~~42059305~~34517947 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 1,000,000.00 ~~1051~~1056.~~13950000~~39520000 0.00000000 0.00000000 (5.~~25570000~~28198000) A-6 32,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-PO 1,480,975.00 ~~883~~872.~~86479178~~31890478 1.~~11565692~~09830348 101.~~43022333~~57699489 0.00000000 A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,623,000.00 ~~990~~989.~~07619738~~03233909 1.~~04385945~~05026093 0.00000000 0.00000000 B-2 3,254,000.00 ~~990~~989.~~07619852~~03233866 1.~~04385986~~05026122 0.00000000 0.00000000 B-3 1,627,000.00 ~~990~~989.~~07619545~~03234173 1.~~04385986~~05026429 0.00000000 0.00000000 B-4 1,302,000.00 ~~990~~989.~~07619816~~03234255 1.~~04385561~~05026114 0.00000000 0.00000000 B-5 976,000.00 ~~990~~989.~~07619877~~03233607 1.~~04386270~~05026639 0.00000000 0.00000000 B-6 976,714.00 ~~990~~989.~~07703381~~03316631 1.~~04385726~~05026651 0.00000000 0.00000000 A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) 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 A-1 0.00000000 1716.~~36918611~~28222813 ~~758~~742.~~75263219~~47040397 0.~~75875263~~74247040 1716.~~36918611~~28222813 A-2 0.00000000 1716.~~36918611~~28222813 ~~758~~742.~~75263219~~47040397 0.~~75875263~~74247040 1716.~~36918611~~28222813 A-3 0.00000000 1716.~~36918609~~28222816 ~~758~~742.~~75263214~~47040398 0.~~75875263~~74247040 1716.~~36918609~~28222816 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 (5.~~25570000~~28198000) 1,~~056~~061.~~39520000~~67717000 1.~~05639520~~06167717 (5.~~25570000~~28198000) A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-PO 0.00000000 112.~~54588700~~67529837 ~~872~~869.~~31890478~~64360641 0.~~87231890~~86964361 112.~~54588700~~67529837 A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~04385945~~05026093 ~~989~~987.~~03233909~~98207700 0.~~98903234~~98798208 1.~~04385945~~05026093 B-2 0.00000000 1.~~04385986~~05026122 ~~989~~987.~~03233866~~98207744 0.~~98903234~~98798208 1.~~04385986~~05026122 B-3 0.00000000 1.~~04385986~~05026429 ~~989~~987.~~03234173~~98207744 0.~~98903234~~98798208 1.~~04385986~~05026429 B-4 0.00000000 1.~~04385561~~05026114 ~~989~~987.~~03234255~~98207373 0.~~98903234~~98798207 1.~~04385561~~05026114 B-5 0.00000000 1.~~04386270~~05026639 ~~989~~987.~~03233607~~98207992 0.~~98903234~~98798208 1.~~04386270~~05026639 B-6 0.00000000 1.~~04385726~~05026651 ~~989~~987.~~03316631~~98291004 0.~~98903317~~98798291 1.~~04385726~~05026651 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 A-1 105,253,462.00 5.00000% 8179,~~689~~861,~~508~~341.3034 ~~340~~332,~~372~~755.9559 0.00 0.00 A-2 105,253,462.00 5.50000% 8179,~~689~~861,~~508~~341.3034 ~~374~~366,~~410~~031.2515 0.00 0.00 A-3 63,152,076.00 1.~~60875~~63125% 4947,~~013~~916,~~704~~803.0589 65,~~709~~136.0091 0.00 0.00 A-4 0.00 6.~~89125~~86875% 4947,~~013~~916,~~704~~803.0589 ~~281~~274,~~471~~273.4179 0.00 0.00 A-5 1,000,000.00 6.00000% 1,~~051~~056,~~139~~395.5020 5,~~255~~281.7098 0.00 0.00 A-6 32,500,000.00 6.00000% 32,500,000.00 162,500.00 0.00 0.00 A-PO 1,480,975.00 0.00000% 1,~~308~~291,~~981~~882.6649 0.00 0.00 0.00 A-WIO 0.00 0.~~34426~~34456% ~~193~~188,~~220~~928,~~339~~595.9313 5554,~~431~~248.7819 0.00 0.00 B-1 8,623,000.00 6.00000% 8,~~537~~528,~~427~~425.0586 42,~~687~~642.1413 0.00 0.00 B-2 3,254,000.00 6.00000% 3,~~221~~218,~~707~~311.9523 16,~~108~~091.5456 0.00 0.00 B-3 1,627,000.00 6.00000% 1,~~610~~609,~~853~~155.9762 8,~~054~~045.2778 0.00 0.00 B-4 1,302,000.00 6.00000% 1,~~289~~287,~~079~~720.2111 6,~~445~~438.4060 0.00 0.00 B-5 976,000.00 6.00000% ~~966~~965,~~314~~295.3756 4,~~831~~826.5748 0.00 0.00 B-6 976,714.00 6.00000% ~~967~~966,~~022~~002.1054 4,~~835~~830.1101 0.00 0.00 A-R 50.00 6.00000% 0.00 0.00 0.00 0.00 A-LR 50.00 6.00000% 0.00 0.00 0.00 0.00 SES 0.00 0.00000% ~~263~~259,~~845~~062,~~246~~675.4717 0.00 0.00 0.00 Totals 325,398,789.00 1,~~368~~343,~~113~~102.1217 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 0.0002 0.00 ~~340~~332,~~372~~755.9556 0.00 7978,~~861~~147,~~341~~580.3445 A-2 0.0003 0.00 ~~374~~366,~~410~~031.2512 0.00 7978,~~861~~147,~~341~~580.3445 A-3 0.00 0.00 65,~~709~~136.0090 0.00 4746,~~916~~888,~~803~~547.8938 A-4 0.0002 0.00 ~~281~~274,~~471~~273.4177 0.00 4746,~~916~~888,~~803~~547.8938 A-5 0.00 0.00 5,~~255~~281.7098 0.00 1,~~056~~061,~~395~~677.2017 A-6 0.0001 0.00 162,~~500~~499.0099 0.00 32,500,000.00 A-PO 0.00 0.00 0.00 0.00 1,~~291~~287,~~882~~920.4944 A-WIO 0.00 0.00 5554,~~431~~248.7818 0.00 ~~188~~185,~~928~~161,~~595~~948.1300 B-1 0.00 0.00 42,~~687~~642.1413 0.00 8,~~528~~519,~~425~~369.8645 B-2 0.00 0.00 16,~~108~~091.5455 0.00 3,~~218~~214,~~311~~893.2368 B-3 0.00 0.00 8,~~054~~045.2778 0.00 1,~~609~~607,~~155~~446.6284 B-4 0.00 0.00 6,~~445~~438.4060 0.00 1,~~287~~286,~~720~~352.1166 B-5 0.00 0.00 4,~~831~~826.5748 0.00 ~~965~~964,~~295~~270.5651 B-6 0.00 0.00 4,~~835~~830.1101 0.00 ~~966~~964,~~002~~976.5474 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 4645,~~272~~370.4825 0.00 ~~259~~254,~~062~~590,~~675~~615.1779 Totals 0.0008 0.00 1,~~414~~388,~~385~~472.6030 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 A-1 105,253,462.00 5.00000% ~~776~~758.~~12181821~~75263219 3.~~23384090~~16146931 0.00000000 0.00000000 A-2 105,253,462.00 5.50000% ~~776~~758.~~12181821~~75263219 3.~~55722503~~47761625 0.00000000 0.00000000 A-3 63,152,076.00 1.~~60875~~63125% ~~776~~758.~~12181823~~75263214 1.~~04048836~~03142943 0.00000000 0.00000000 A-4 0.00 6.~~89125~~86875% ~~776~~758.~~12181823~~75263214 4.~~45704129~~34306847 0.00000000 0.00000000 A-5 1,000,000.00 6.00000% ~~1051~~1056.~~13950000~~39520000 5.~~25570000~~28198000 0.00000000 0.00000000 A-6 32,500,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 A-PO 1,480,975.00 0.00000% ~~883~~872.~~86479178~~31890478 0.00000000 0.00000000 0.00000000 A-WIO 0.00 0.~~34426~~34456% ~~792~~775.~~96917523~~35601227 0.~~22748999~~22263258 0.00000000 0.00000000 B-1 8,623,000.00 6.00000% ~~990~~989.~~07619738~~03233909 4.~~95038154~~94516178 0.00000000 0.00000000 B-2 3,254,000.00 6.00000% ~~990~~989.~~07619852~~03233866 4.~~95038107~~94516288 0.00000000 0.00000000 B-3 1,627,000.00 6.00000% ~~990~~989.~~07619545~~03234173 4.~~95038107~~94516288 0.00000000 0.00000000 B-4 1,302,000.00 6.00000% ~~990~~989.~~07619816~~03234255 4.~~95038402~~94516129 0.00000000 0.00000000 B-5 976,000.00 6.00000% ~~990~~989.~~07619877~~03233607 4.~~95037910~~94516393 0.00000000 0.00000000 B-6 976,714.00 6.00000% ~~990~~989.~~07703381~~03316631 4.~~95038466~~94516307 0.00000000 0.00000000 A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 0.00000% ~~810~~796.~~83659617~~13902672 0.00000000 0.00000000 0.00000000 (5) 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 A-1 0.~~00000000~~00000019 0.00000000 3.~~23384090~~16146903 0.00000000 ~~758~~742.~~75263219~~47040397 A-2 0.~~00000000~~00000029 0.00000000 3.~~55722503~~47761597 0.00000000 ~~758~~742.~~75263219~~47040397 A-3 0.00000000 0.00000000 1.~~04048836~~03142928 0.00000000 ~~758~~742.~~75263214~~47040398 A-4 0.~~00000000~~00000032 0.00000000 4.~~45704129~~34306815 0.00000000 ~~758~~742.~~75263214~~47040398 A-5 0.00000000 0.00000000 5.~~25570000~~28198000 0.00000000 ~~1056~~1061.~~39520000~~67717000 A-6 0.~~00000000~~00000031 0.00000000 54.~~00000000~~99999969 0.00000000 1000.00000000 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~872~~869.~~31890478~~64360641 A-WIO 0.00000000 0.00000000 0.~~22748999~~22263254 0.00000000 ~~775~~759.~~35601227~~89783085 B-1 0.00000000 0.00000000 4.~~95038154~~94516178 0.00000000 ~~989~~987.~~03233909~~98207700 B-2 0.00000000 0.00000000 4.~~95038107~~94515980 0.00000000 ~~989~~987.~~03233866~~98207744 B-3 0.00000000 0.00000000 4.~~95038107~~94516288 0.00000000 ~~989~~987.~~03234173~~98207744 B-4 0.00000000 0.00000000 4.~~95038402~~94516129 0.00000000 ~~989~~987.~~03234255~~98207373 B-5 0.00000000 0.00000000 4.~~95037910~~94516393 0.00000000 ~~989~~987.~~03233607~~98207992 B-6 0.00000000 0.00000000 4.~~95038466~~94516307 0.00000000 ~~989~~987.~~03316631~~98291004 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00000000 0.00000000 0.~~14220237~~13942968 0.00000000 ~~796~~782.~~13902672~~39570766 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 65,~~209~~872,~~599~~945.4911 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 65,~~209~~872,~~599~~945.4911 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 12,~~642~~413.5843 Payment of Interest and Principal 65,~~196~~860,~~956~~531.9168 Total Withdrawals (Pool Distribution Amount) 65,~~209~~872,~~599~~945.4911 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 10,~~993~~794.5528 TrusTee Fee 1,~~649~~619.0315 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 12,~~642~~413.5843

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 1712 0 0 0 1712 2,~~363~~495,~~996~~662.1988 0.00 0.00 0.00 2,~~363~~495,~~996~~662.1988 60 Days 12 0 0 0 12 ~~337~~160,~~305~~837.2783 0.00 0.00 0.00 ~~337~~160,~~305~~837.2783 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 1 0 0 0 1 51,289.58 0.00 0.00 0.00 51,289.58 Totals 1915 0 0 0 1915 2,~~752~~707,~~591~~790.0429 0.00 0.00 0.00 2,~~752~~707,~~591~~790.0429 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.~~861196~~615700% 0.000000% 0.000000% 0.000000% 0.~~861196~~615700% 0.~~911676~~979370% 0.000000% 0.000000% 0.000000% 0.~~911676~~979370% 60 Days 0.~~050659~~102617% 0.000000% 0.000000% 0.000000% 0.~~050659~~102617% 0.~~130082~~063117% 0.000000% 0.000000% 0.000000% 0.~~130082~~063117% 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.~~050659~~051308% 0.000000% 0.000000% 0.000000% 0.~~050659~~051308% 0.~~019780~~020128% 0.000000% 0.000000% 0.000000% 0.~~019780~~020128% Totals 0.~~962513~~769625% 0.000000% 0.000000% 0.000000% 0.~~962513~~769625% 1.~~061538~~062615% 0.000000% 0.000000% 0.000000% 1.~~061538~~062615%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 16,~~940~~802.3350

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 18,239,689.00 5.60533401% 17,~~866~~845,~~793~~230.4132 67.~~89670691~~00938260% 93.~~569903~~463429% 0.000000% Class B-1 8,135,714.00 2.50022873% 8,~~046~~037,~~485~~940.0643 3.~~10599937~~15720216% 3.~~308531~~363316% 51.453826% Class B-2 4,881,714.00 1.50022501% 4,~~828~~823,~~173~~046.8375 1.~~86370878~~89443226% 1.~~248517~~269190% 19.416763% Class B-3 3,254,714.00 1.00022314% 3,~~219~~215,~~018~~599.2191 1.~~24256349~~26304730% 0.~~624258~~634595% 9.708382% Class B-4 1,952,714.00 0.60009873% 1,~~931~~929,~~298~~247.1025 0.~~74549454~~75778412% 0.~~499560~~507832% 7.769092% Class B-5 976,714.00 0.30015908% ~~966~~964,~~002~~976.5474 0.~~37288372~~37903076% 0.~~374478~~380679% 5.823836% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~374753~~380958% 5.828101% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~479844~~478861% Weighted Average Pass-Through Rate 6.~~222344~~221361% Weighted Average Maturity(Stepdown Calculation ) ~~342~~341 Beginning Scheduled Collateral Loan Count 21,~~000~~974 Number Of Loans Paid In Full 2625 Ending Scheduled Collateral Loan Count 1,~~974~~949 Beginning Scheduled Collateral Balance ~~263~~259,~~845~~062,~~246~~675.4717 Ending Scheduled Collateral Balance ~~259~~254,~~062~~590,~~675~~615.1779 Ending Actual Collateral Balance at 3031-~~Nov~~Dec-2003 ~~259~~254,~~302~~823,~~267~~234.4436 Monthly P &I Constant 1,~~703~~674,~~179~~047.9899 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 65,~~033~~710,~~129~~723.4992 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~259~~254,~~062~~590,~~675~~615.1779 Scheduled Principal ~~278~~275,~~449~~355.9841 Unscheduled Principal 4,~~504~~196,~~121~~703.3297

Miscellaneous Reporting Priority % 12.~~379242~~608100% CPR 1817.~~685167~~814957% Senior % 93.~~679957~~569903% Senior Prepayment % 100.000000% Subordinate % 6.~~320043~~430097% Subordinate Prepayment % 0.000000%

Filing Compare · BANC OF AMERICA MORT SEC INC ALTERNATIVE LOAN TRUST 2003-1