8-K 1 fh0305_8k0312.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 (Date of earliest event reported): December 25, 2003 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving, TX, , N/A 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events FH First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5 On December 25, 2003, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 1, 2003, among FH as Depositor, , Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-5 relating to the distribution date of December 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of May 1, 2003. SIGNATURES 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 thereunto duly authorized. Dated: December 25, 2003 FH By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated December 25, 2003 Payment Date: 12/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A1 7775,~~138~~336,~~957~~304.2916 5.250000% 1972,~~802,653~~413.1291 ~~337~~329,~~482~~596.9433 21,~~140~~302,~~136~~010.0624 0.00 0.00 1A2 20,~~441~~530,~~344~~775.9179 5.250000% 0.00 0.00 0.00 0.00 0.00 1A3 25,000,000.00 5.500000% 0.00 114,583.33 114,583.33 0.00 0.00 1A4 ~~867~~852,~~637~~404.5438 5.250000% 157,~~233~~847.1659 3,~~795~~729.9127 1911,~~029~~576.0785 0.00 0.00 1A5 3,~~270~~284,~~615~~924.1913 5.250000% 0.00 0.00 0.00 0.00 0.00 1A6 ~~871~~857,~~873~~180.3364 4.500000% 147,~~692~~509.6815 3,~~269~~214.5243 1710,~~962~~723.2158 0.00 0.00 1A7 87,~~184~~597,~~933~~225.0266 7.000000% ~~587~~300,~~707~~366.3511 4744,~~745~~317.4415 ~~635~~344,~~452~~683.8026 0.00 0.00 1A8 26,690,000.00 7.000000% 0.00 155,691.67 155,691.67 0.00 0.00 1A9 1,~~743~~714,~~746~~361.6528 5.500000% 2915,~~385~~018.3731 7,~~992~~857.1749 3722,~~377~~875.5479 0.00 0.00 A10 30,~~705~~267,~~559~~226.0235 4.500000% ~~438~~224,~~332~~023.6753 ~~115~~113,~~145~~502.8510 ~~553~~337,~~478~~525.5263 0.00 0.00 A11 16,~~576~~539,~~900~~783.9198 5.700000% 37,~~116~~293.9323 78,~~740~~563.2897 115,857.21 0.00 0.00 A12 7,~~814~~851,~~090~~207.0902 5.700000% 0.00 0.00 0.00 0.00 0.00 A13 734,329.00 5.250000% 0.00 3,212.69 3,212.69 0.00 0.00 A14 ~~148~~146,~~293~~417,~~730~~303.06 5.500000% 1959,~~876,427~~006.0033 ~~679~~671,~~679~~079.6031 21,~~556~~630,~~106~~085.6063 0.00 0.00 A15 1,000,000.00 5.500000% 0.00 4,583.33 4,583.33 0.00 0.00 A16 509,000.00 5.500000% 0.00 2,332.92 2,332.92 0.00 0.00 A17 17,~~738~~478,~~073~~691.3924 8.000000% ~~259~~132,~~382~~565.1531 ~~118~~116,~~253~~524.8261 ~~377~~249,~~635~~089.9792 0.00 0.00 A18 4443,~~345~~696,~~183~~728.4810 4.500000% ~~648~~331,~~455~~413.3827 ~~166~~163,~~294~~862.4473 ~~814~~495,~~749~~276.8200 0.00 0.00 A19 8,154,000.00 5.500000% 0.00 37,372.50 37,372.50 0.00 0.00 Residual AR 0.00 5.500000% 0.00 0.05 0.05 0.00 0.00 2A1 ~~108~~107,~~430~~971,~~553~~153.5803 5.000000% ~~459~~445,~~400~~982.5554 ~~451~~449,~~793~~879.9780 ~~911~~895,~~194~~862.5235 0.00 0.00 2A2 22,~~344~~246,~~619~~229.2827 5.000000% 9895,~~390~~516.0228 9392,~~102~~692.5862 ~~191~~188,~~492~~208.6090 0.00 0.00 2A3 878,000.00 5.000000% 0.00 3,658.33 3,658.33 0.00 0.00 3A1 1210,~~643~~330,~~637~~807.36 7.~~879928~~818903% 2977,~~312,830~~303.0160 8267,~~850~~312.9299 21,~~395~~044,~~680~~616.9358 0.00 ~~174~~0.8800 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 8,~~142~~128,~~046~~506.0870 5.~~509063~~506377% 13,~~539~~635.3767 37,~~373~~298.6385 50,~~913~~934.0152 0.00 50.5700 B2 2,~~714~~709,~~346~~832.0538 5.~~509063~~506377% 4,~~513~~545.6778 12,~~459~~434.4047 16,~~973~~980.0724 0.00 10.8600 B3 2,~~035~~032,~~759~~374.5429 5.~~509063~~506377% 3,~~385~~409.2633 9,~~344~~325.5585 12,~~729~~735.8018 0.00 10.3900 B4 1,~~017~~016,~~879~~187.7714 5.~~509063~~506377% 1,~~692~~704.6367 4,~~672~~662.2792 6,~~364~~367.9059 0.00 0.7000 B5 ~~678~~677,~~586~~458.5110 5.~~509063~~506377% 1,~~128~~136.4244 3,~~114~~108.8562 4,~~243~~245.2706 0.00 0.4600 B6 1,~~018~~016,~~181~~488.3523 5.~~509063~~506377% 1,~~693~~705.1317 4,~~673~~664.6631 6,~~366~~369.7948 0.00 0.7000 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~599~~591,~~983~~518,~~583~~481.4028 - 84,~~605~~532,~~958~~396.8722 2,~~579~~535,~~220~~062.63 117,~~185~~067,~~179~~458.5085 - ~~185.55~~- ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 7574,~~336~~363,~~304~~890.1625 0.00 1A2 20,~~530~~620,~~775~~597.7994 0.00 1A3 25,000,000.00 0.00 1A4 ~~852~~844,~~404~~556.3880 0.00 1A5 3,~~284~~299,~~924~~295.1367 0.00 1A6 ~~857~~849,~~180~~671.6449 0.00 1A7 7,~~597~~296,~~225~~859.6656 0.00 1A8 26,690,000.00 0.00 1A9 1,~~714~~699,~~361~~342.2898 0.00 A10 30,~~267~~043,~~226~~202.3581 0.00 A11 16,~~539~~502,~~783~~490.9875 0.00 A12 7,~~851~~888,~~207~~500.0225 0.00 A13 734,329.00 0.00 A14 ~~146~~145,~~417~~458,~~303~~296.0673 0.00 A15 1,000,000.00 0.00 A16 509,000.00 0.00 A17 17,~~478~~346,~~691~~125.2493 0.00 A18 43,~~696~~365,~~728~~314.1083 0.00 A19 8,154,000.00 0.00 Residual AR 0.00 0.00 2A1 107,~~971~~525,~~153~~170.0348 0.00 2A2 22,~~246~~150,~~229~~712.2799 0.00 2A3 878,000.00 0.00 3A1 109,~~330~~353,~~807~~503.3676 ~~174~~0.8800 -------------------------------------------------------------------------------- Subordinate B1 8,~~128~~114,~~506~~871.7003 50.5700 B2 2,~~709~~705,~~832~~286.3860 10.8600 B3 2,~~032~~028,~~374~~964.2995 10.3900 B4 1,~~016~~014,~~187~~482.1448 0.7000 B5 ~~677~~676,~~458~~321.1065 0.4600 B6 1,~~016~~014,~~488~~783.2305 0.7000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~591~~587,~~518~~127,~~481~~571.2898 ~~185.55~~- --------------------------------------------------------------------------------

Payment Date: 12/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A1 7775,~~138~~336,~~957~~304.2916 5.250000% 32051DXU1 1910.~~495167~~516372 3.~~649779~~564488 ~~814~~804.~~740129~~223756 1A2 20,~~441~~530,~~344~~775.9179 5.250000% 32051DXV9 0.000000 0.000000 1,~~026~~031.~~538790~~029897 1A3 25,000,000.00 5.500000% 32051DXW7 0.000000 4.583333 1,000.000000 1A4 ~~867~~852,~~637~~404.5438 5.250000% 32051DXX5 157.~~233156~~847585 3.~~795914~~729269 ~~852~~844.~~404384~~556798 1A5 3,~~270~~284,~~615~~924.1913 5.250000% 32051DXY3 0.000000 0.000000 1,~~026~~031.~~538790~~029897 1A6 ~~871~~857,~~873~~180.3364 4.500000% 32051DXZ0 147.~~692684~~509153 3.~~269525~~214427 ~~857~~849.~~180642~~671489 1A7 87,~~184~~597,~~933~~225.0266 7.000000% 32051DYA4 4422.~~155323~~566950 3.~~587186~~329613 ~~570~~548.~~790809~~223858 1A8 26,690,000.00 7.000000% 32051DYB2 0.000000 5.833333 1,000.000000 1A9 1,~~743~~714,~~746~~361.6528 5.500000% 32051DYC0 147.~~692684~~509153 3.~~996086~~928745 ~~857~~849.~~180642~~671489 A10 30,~~705~~267,~~559~~226.0235 4.500000% 32051DYD8 126.~~694987~~488168 3.~~334853~~287247 ~~876~~870.~~599136~~110968 A11 16,~~576~~539,~~900~~783.9198 5.700000% 32051DYE6 2.~~214631~~225151 4.~~698144~~687624 ~~986~~984.~~868274~~643123 A12 7,~~814~~851,~~090~~207.0902 5.700000% 32051DYF3 0.000000 0.000000 1,~~028~~033.~~840589~~727581 A13 734,329.00 5.250000% 32051DYG1 0.000000 4.375000 1,000.000000 A14 ~~148~~146,~~293~~417,~~730~~303.06 5.500000% 32051DYH9 115.~~395975~~824267 4.~~127851~~075620 ~~889~~883.~~226107~~401840 A15 1,000,000.00 5.500000% 32051DYJ5 0.000000 4.583333 1,000.000000 A16 509,000.00 5.500000% 32051DYK2 0.000000 4.583333 1,000.000000 A17 17,~~738~~478,~~073~~691.3924 8.000000% 32051DYL0 126.~~969108~~628265 5.~~912691~~826230 ~~873~~867.~~934562~~306297 A18 4443,~~345~~696,~~183~~728.4810 4.500000% 32051DYM8 126.~~969108~~628265 3.~~325889~~277255 ~~873~~867.~~934562~~306297 A19 8,154,000.00 5.500000% 32051DYN6 0.000000 4.583333 1,000.000000 Residual AR 0.00 5.500000% 32051DYP1 0.000000 0.~~509058~~455515 0.000000 2A1 ~~108~~107,~~430~~971,~~553~~153.5803 5.000000% 32051DYQ9 3.~~802072~~691022 3.~~739119~~723277 ~~893~~889.~~586416~~895393 2A2 22,~~344~~246,~~619~~229.2827 5.000000% 32051DYR7 3.~~935601~~820651 3.~~724103~~707705 ~~889~~886.~~849171~~028520 2A3 878,000.00 5.000000% 32051DYZ9 0.000000 4.166667 1,000.000000 3A1 1210,~~643~~330,~~637~~807.36 7.~~879928~~818903% 32051DYS5 7029.~~335128~~720634 2.~~519567~~047045 ~~314~~284.~~168639~~448005 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 8,~~142~~128,~~046~~506.0870 5.~~509063~~506377% 32051DYT3 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 B2 2,~~714~~709,~~346~~832.0538 5.~~509063~~506377% 32051DYU0 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 B3 2,~~035~~032,~~759~~374.5429 5.~~509063~~506377% 32051DYV8 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 B4 1,~~017~~016,~~879~~187.7714 5.~~509063~~506377% 32051DYW6 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 B5 ~~678~~677,~~586~~458.5110 5.~~509063~~506377% 32051DYX4 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 B6 1,~~018~~016,~~181~~488.3523 5.~~509063~~506377% 32051DYY2 1.~~649735~~661468 4.~~553873~~544761 ~~990~~988.~~435811~~774343 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~599~~591,~~983~~518,~~583~~481.4028 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 443,086,369.07 133,917,403.36 10,123,799.60 Loan count 932 277 24 Avg loan rate 5.908950% 5.354885% 8.068903% Prepay amount 2,383,106.78 25,174.48 968,483.02 Total ----- Prin balance 587,127,572.03 Loan count 1233 Avg loan rate 5.82 Prepay amount 3,376,764.28 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 87,002.78 26,250.56 1,931.98 Sub servicer fees 61,890.29 13,080.84 0.00 Trustee fees 1,463.94 437.07 37.01 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 115,185.33 Sub servicer fees 74,971.13 Trustee fees 1,938.02 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 Cumulative losses 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 10,002,865.76 3,003,212.12 673,150.20 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 13,679,228.08 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 97.370260% 100.000000% 575,937,634.45 ----------------------------------------------------------------------------- Junior 2.629740% 0.000000% 15,554,709.77 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 7 3,036,763.74 60 to 89 days 2 1,072,801.97 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 9 4,109,565.71 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 7,067,458.85 7,067,458.85 Principal remittance amount 4,532,396.22 4,532,396.22 Interest remittance amount 2,535,062.63 2,535,062.63

Filing Compare · FIRST HORIZON ASSET SEC INC MORT PAS THR CERTS SER 2003-5