-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CQNnnTPFUd/jdMPW1PMQg7lJ0nzFZ3slzwm2GIb1yw4vBKBFQXqYXaesh8D0v3om /MfLUSQCkXDmgiuLB1tYeQ== 0000950152-05-005371.txt : 20050624 0000950152-05-005371.hdr.sgml : 20050624 20050624115248 ACCESSION NUMBER: 0000950152-05-005371 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050615 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050624 DATE AS OF CHANGE: 20050624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A CENTRAL INDEX KEY: 0001280871 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-74756-03 FILM NUMBER: 05914228 BUSINESS ADDRESS: STREET 1: 1900 EAST NINTH STREET STREET 2: LOCATOR 2101 CITY: CLEVELAND STATE: OH ZIP: 44114 MAIL ADDRESS: STREET 1: 1900 E NINTH CITY: CLEVELAND STATE: OH ZIP: 44114 8-K 1 l14491ae8vk.txt NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A 8-K - -------------------------------------------------------------------------------- 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): June 15, 2005 National City Auto Receivables Trust 2004-A - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-74756 N/A - ----------------------------- ------------ --------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1900 East 9th Street Cleveland, Ohio 44114-3484 - --------------------------------------- --------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (216) 222-2000 N/A - -------------------------------------------------------------------------------- Former name or former address, if changed since last report - -------------------------------------------------------------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events. ------------- For the Payment Date of June 15, 2005, The Bank of New York, as Indenture Trustee, made the monthly payments to the Securityholders, as indicated in the Payment Date Statement to Securityholders (the "Payment Date Statement to Securityholders"). Item 9.01. Financial Statements and Exhibits. ---------------------------------- (a) Financial statements of businesses acquired. Not applicable (b) Pro forma financial information. Not applicable (c) Exhibit No. 20 The following is filed herewith. The exhibit number corresponds with Item 601 of Regulation S-K. Exhibit No. Description ----------- ----------- 20 Payment Date Statement to Securityholders 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 hereunto duly authorized. NATIONAL CITY BANK, as Trust Administrator By: /s/ Russell A. Cronin, Jr. ----------------------------------- Name: Russell A. Cronin, Jr. Title: Senior Vice President Dated: June 24, 2005 EX-20 2 l14491aexv20.txt EXHIBIT 20 EXHIBIT 20 NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report Collection Period 16 Collection Period # Beginning Date May-01-2005 Collection Period # End Date May-31-2005 Distribution Date Jun-15-2005 I. Available Amount in the Certificate Account A. Credits 1. Payments from Obligors Applied to Collection Period a. Scheduled Principal Payments $ 11,075,240.66 b. Prepaid Principal Payments $ 8,388,377.29 c. Total Principal Payments $ 19,463,617.95 d. Interest Payments $ 3,043,549.25 e. Total (c+d) $ 22,507,167.20 2. Repurchase Amount From Repurchased Receivable a. Principal Payments $ 0.00 b. Interest Payments $ 0.00 c. Total (a+b) $ 0.00 3. Recovery of Defaulted Receivable a. Gross Loan Default Balance $ 1,117,925.84 b. Net Liquidation Proceeds $ 484,699.39 c. Other Net Recovery Amount $ 76,136.59 d. Liquidation Proceeds Allocated to Principal $ 484,699.39 e. Net Loan Default Balance $ 633,226.45 f. Other Net Recovery Allocated to Principal $ 75,457.31 g. Total Principal Recovery Amount $ 560,156.70 h. Net Liquidation Proceeds Allocated to Interest $ 0.00 i. Other Net Recovery Allocated to Interest $ 679.28 j. Total Interest Recovery Amount $ 679.28 k. Net Principal loss $ 557,769.14 4. Advance by Servicer $ 0.00 5. Investment Earnings on Reserve Account (as of month end) $ 28,606.04 6. Payment for Optional Prepayment at Call Date $ 0.00 7. Total Credits (sum 1 through 6) $ 23,096,609.22 B. Total Collections $ 23,096,609.22 1. Available Interest Collections $ 3,072,834.57 2. Available Principal Collections $ 20,023,774.65 II. Receivable Pool Balance A. Original Principal Pool Balance plus deposit in Prefunding Account $862,455,978.42 B. Principal Pool Balance as of the Beginning of the Collection Period $542,905,990.50 C. Principal Pool Balance as of the End of the Collection Period $522,324,446.71 III. Note Principal Balances For the Collection Period A. Class A Notes 1. Beginning Class A-1 Balance $ 0.00 2. Ending Class A-1 Balance $ 0.00 3. Beginning Class A-2 Balance $ 65,260,083.62 4. Ending Class A-2 Balance $ 46,104,936.40 5. Beginning Class A-3 Balance $240,000,000.00 6. Ending Class A-3 Balance $240,000,000.00 7. Beginning Class A-4 Balance $200,020,000.00 8. Ending Class A-4 Balance $200,020,000.00 B . Class B Notes 1. Beginning Class B Balance $ 29,070,539.49 2. Ending Class B Balance $ 27,968,476.53 C. Class C Notes 1. Beginning Class C Balance $ 8,555,366.97 2. Ending Class C Balance $ 8,231,033.36 IV. Reserve Account Balance For the Collection Period A. Initial Reserve Account Deposit B. Beginning Reserve Account Balance $ 10,780,699.73 C. Ending Reserve Account Balance $ 10,446,488.93 V. Summary of Cash Disbursements A. Available Collections $ 23,096,609.22
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report B. Withdrawals from Reserve Account $ 0.00 C. Total Available Collections $ 23,096,609.22 D. Reimbursement of Advance $ 0.00 E. Payment of Servicing Fee $ 452,421.66 F. Interest paid to Class A-1 Notes $ 0.00 G. Interest paid to Class A-2 Notes $ 81,575.10 H. Interest paid to Class A-3 Notes $ 422,000.00 I. Interest paid to Class A-4 Notes $ 480,048.00 J. Interest paid to Class B Notes $ 59,352.35 K. Interest paid to Class C Notes $ 21,317.12 L. Principal paid to Class A-1 Notes $ 0.00 M. Principal paid to Class A-2 Notes $ 19,155,147.22 N. Principal paid to Class A-3 Notes $ 0.00 O. Principal paid to Class A-4 Notes $ 0.00 P. Principal paid to Class B Notes $ 1,102,062.96 Q. Principal paid to Class C Notes $ 324,333.61 R. Remaining Available Collections $ 998,351.20 S. Deposit from Remaining Available Collections to fund Reserve Account $ 0.00 T. Remaining Available Collections Released to Depositor $ 998,351.20 VI. Scheduled Monthly Interest Distribution A. Available Collections $ 23,096,609.22 B. Reimbursement of Advance 1. Prior Advance Outstanding $ 0.00 2. Reimbursement of Prior Advance Outstanding from Interest Collections $ 0.00 3. Remaining Prior Advance Outstanding $ 0.00 4. Reimbursement of Prior Advance Outstanding from Reserve Account $ 0.00 5. Remaining Prior Advance Outstanding $ 0.00 6. Current Advance $ 0.00 7. Total Advance Outstanding for the Period $ 0.00 C. Total Reimbursement of Advance paid $ 0.00 D. Remaining Available Collections $ 23,096,609.22 E. Servicing Fee 1. Current Servicing Fee Accrued $ 452,421.66 2. Unpaid Servicing Fees From Prior Collection Periods $ 0.00 3. Total Servicing Fee Due $ 452,421.66 4. Payment of Servicing Fee from Interest Collections $ 452,421.66 5. Payment of Servicing Fee from Reserve Account $ 0.00 6. This period unpaid Servicing Fee $ 0.00 F. Total Servicing Fee paid $ 452,421.66 G. Remaining Available Collections $ 22,644,187.56 H. Class A Interest Distribution Amount 1.1. Class A-1 Coupon Rate 1.10% 1.2. Class A-1 Monthly Interest $ 0.00 1.3. Class A-1 Interest Carryover Shortfall $ 0.00 1.4. Class A-1 Interest on Interest Carryover Shortfall $ 0.00 1.5. Class A-1 Interest Distributable Amount $ 0.00 1.6. Payment of Class A-1 Interest Distributable Amount from Interest Collections $ 0.00 1.7. Payment of Class A-1 Interest Distributable Amount from Reserve Account $ 0.00 1.8. This period Class A-1 Interest Carryover Shortfall $ 0.00 2.1. Class A-2 Coupon Rate 1.50% 2.2. Class A-2 Monthly Interest $ 81,575.10 2.3. Class A-2 Interest Carryover Shortfall $ 0.00 2.4. Class A-2 Interest on Interest Carryover Shortfall $ 0.00 2.5. Class A-2 Interest Distributable Amount $ 81,575.10 2.6. Payment of Class A-2 Interest Distributable Amount from Interest Collections $ 81,575.10 2.7. Payment of Class A-2 Interest Distributable Amount from Reserve Account $ 0.00 2.8. This period Class A-2 Interest Carryover Shortfall $ 0.00
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report 3.1. Class A-3 Coupon Rate 2.11% 3.2. Class A-3 Monthly Interest $ 422,000.00 3.3. Class A-3 Interest Carryover Shortfall $ 0.00 3.4. Class A-3 Interest on Interest Carryover Shortfall $ 0.00 3.5. Class A-3 Interest Distributable Amount $ 422,000.00 3.6. Payment of Class A-3 Interest Distributable Amount from Interest Collections $ 422,000.00 3.7. Payment of Class A-3 Interest Distributable Amount from Reserve Account $ 0.00 3.8. This period Class A-3 Interest Carryover Shortfall $ 0.00 4.1. Class A-4 Coupon Rate 2.88% 4.2. Class A-4 Monthly Interest $ 480,048.00 4.3. Class A-4 Interest Carryover Shortfall $ 0.00 4.4. Class A-4 Interest on Interest Carryover Shortfall $ 0.00 4.5. Class A-4 Interest Distributable Amount $ 480,048.00 4.6. Payment of Class A-4 Interest Distributable Amount from Interest Collections $ 480,048.00 4.7. Payment of Class A-4 Interest Distributable Amount from Reserve Account $ 0.00 4.8. This period Class A-4 Interest Carryover Shortfall $ 0.00 I. Total Interest paid to Class A Notes $ 983,623.10 J. First Priority Principal Distribution Amount $ 0.00 K. Remaining Available Collections $ 21,660,564.46 L. Class B Interest Distribution Amount 1. Class B Coupon Rate 2.45% 2. Class B Monthly Interest $ 59,352.35 3. Class B Interest Carryover Shortfall $ 0.00 4. Class B Interest on Interest Carryover Shortfall $ 0.00 5. Class B Interest Distributable Amount $ 59,352.35 6. Payment of Class B Interest Distributable Amount from Interest Collections $ 59,352.35 7. Payment of Class B Interest Distributable Amount from Reserve Account $ 0.00 8. This period Class B Interest Carryover Shortfall $ 0.00 M. Total Interest paid to Class B Notes $ 59,352.35 N. Second Priority Principal Distribution Amount $ 12,026,176.40 O. Remaining Available Collections $ 9,575,035.71 P. Class C Interest Distribution Amount 1. Class C Coupon Rate 2.99% 2. Class C Monthly Interest $ 21,317.12 3. Class C Interest Carryover Shortfall $ 0.00 4. Class C Interest on Interest Carryover Shortfall $ 0.00 5. Class C Interest Distributable Amount $ 21,317.12 6. Payment of Class C Interest Distributable Amount from Interest Collections $ 21,317.12 7. Payment of Class C Interest Distributable Amount from Reserve Account $ 0.00 8. This period Class C Interest Carryover Shortfall $ 0.00 Q. Total Interest paid to Class C Notes $ 21,317.12 R. Total Interest paid from Reserve Account $ 0.00 S. Remaining Available Collections $ 9,553,718.59 VII. Scheduled Monthly Principal Distributions A. Principal Distribution Amount 1. Available Principal Collections $ 20,023,774.65 2. Net Principal Losses $ 557,769.14 3. Total (1 + 2) $ 20,581,543.79 B. Total Available Collections 1. Remaining Available Collections $ 9,553,718.59 2. First and Second Priority Principal Distribution Amount $ 12,026,176.40 3. Total (1 + 2) $ 21,579,894.99
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report C. Principal Distribution Amount Triggers 1. Average Three Period Charge Off Rate 1.44% 2. Charge Off Rate Trigger 4.50% 3. Principal Distribution Amount Trigger Status Pass D. Principal Distribution Amounts 1. Class A-1 Principal Distribution Amount $ 0.00 2. Class A Principal Distribution Amount $ 19,155,147.22 3. Class B Principal Distribution Amount $ 1,102,062.96 4. Class C Principal Distribution Amount $ 324,333.61 E. Class A Principal Distribution Amount 1.1. Beginning Class A-1 Principal Balance $ 0.00 1.2. Class A-1 Monthly Principal $ 0.00 1.3. Class A-1 Principal Carryover Shortfall $ 0.00 1.4. Total Class A-1 Principal Distribution Amount $ 0.00 1.5. Payment of Class A-1 Principal Distribution Amount from Available Collections $ 0.00 1.6. Payment of Class A-1 Principal Distribution Amount from Reserve Account $ 0.00 1.7. Class A-1 Principal Carryover Shortfall for the Period $ 0.00 1.8. Ending Class A-1 Principal Balance $ 0.00 2.1. Beginning Class A-2 Principal Balance $ 65,260,083.62 2.2. Class A-2 Monthly Principal $ 19,155,147.22 2.3. Class A-2 Principal Carryover Shortfall $ 0.00 2.4. Total Class A-2 Principal Distribution Amount $ 19,155,147.22 2.5. Payment of Class A-2 Principal Distribution Amount from Available Collections $ 19,155,147.22 2.6. Payment of Class A-2 Principal Distribution Amount from Reserve Account $ 0.00 2.7. Class A-2 Principal Carryover Shortfall for the Period $ 0.00 2.8. Ending Class A-2 Principal Balance $ 46,104,936.40 3.1. Beginning Class A-3 Principal Balance $240,000,000.00 3.2. Class A-3 Monthly Principal $ 0.00 3.3. Class A-3 Principal Carryover Shortfall $ 0.00 3.4. Total Class A-3 Principal Distribution Amount $ 0.00 3.5. Payment of Class A-3 Principal Distribution Amount from Available Collections $ 0.00 3.6. Payment of Class A-3 Principal Distribution Amount from Reserve Account $ 0.00 3.7. Class A-3 Principal Carryover Shortfall for the Period $ 0.00 3.8. Ending Class A-3 Principal Balance $240,000,000.00 4.1. Beginning Class A-4 Principal Balance $200,020,000.00 4.2. Class A-4 Monthly Principal $ 0.00 4.3. Class A-4 Principal Carryover Shortfall $ 0.00 4.4. Total Class A-4 Principal Distribution Amount $ 0.00 4.5. Payment of Class A-4 Principal Distribution Amount from Available Collections $ 0.00 4.6. Payment of Class A-4 Principal Distribution Amount from Reserve Account $ 0.00 4.7. Class A-4 Principal Carryover Shortfall for the Period $ 0.00 4.8. Ending Class A-4 Principal Balance $200,020,000.00 F. Total Principal paid to Class A Notes from Available Collections $ 19,155,147.22 G. Remaining Available Collections $ 2,424,747.77 H. Class B Principal Distribution Amount 1. Beginning Class B Principal Balance $ 29,070,539.49 2. Class B Monthly Principal $ 1,102,062.96 3. Class B Principal Carryover Shortfall $ 0.00 4. Total Class B Principal Distribution Amount $ 1,102,062.96 5. Payment of Class B Principal Distribution Amount from Available Collections $ 1,102,062.96 6. Payment of Class B Principal Distribution Amount from Reserve Account $ 0.00 7. Class B Principal Carryover Shortfall for the Period $ 0.00 8. Ending Class B Principal Balance $ 27,968,476.53 I. Total Principal paid to Class B Notes $ 1,102,062.96 J. Class C Principal Distribution Amount 1. Beginning Class C Principal Balance $ 8,555,366.97 2. Class C Monthly Principal $ 324,333.61
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report 3. Class C Principal Carryover Shortfall $ 0.00 4. Total Class C Principal Distribution Amount $ 324,333.61 5. Payment of Class C Principal Distribution Amount from Available Collections $ 324,333.61 6. Payment of Class C Principal Distribution Amount from Reserve Account $ 0.00 7. Class C Principal Carryover Shortfall for the Period $ 0.00 8. Ending Class C Principal Balance $ 8,231,033.36 K. Total Principal paid to Class C Notes $ 324,333.61 L. Total Principal paid from Reserve Account $ 0.00 M. Remaining Available Collections $ 998,351.20 VIII. Required Reserve Account Amount for Next Distribution Date A. Reserve Account Required Amount. Required Amount is equal to the lesser of: $ 10,446,488.93 - 1.250% of Initial Pool Balance; and - the greater of 1.00% of Initial Pool Balance, and 2.00% of Current Pool Balance; and - the Ending Note Balance B. Required Reserve Account Amount for Next Period $ 10,446,488.93 C. Remaining Available Collections $ 998,351.20 D. Reserve Account Activity 1. Beginning Reserve Account Balance $ 10,780,699.73 2. Withdrawal from Reserve Account to pay Servicer Advance $ 0.00 3. Withdrawal from Reserve Account to pay Servicing Fee $ 0.00 4. Withdrawal from Reserve Account to pay Class A Interest $ 0.00 5. Withdrawal from Reserve Account to pay Class B Interest $ 0.00 6. Withdrawal from Reserve Account to pay Class C Interest $ 0.00 7. Withdrawal from Reserve Account to pay Class A Principal $ 0.00 8. Withdrawal from Reserve Account to pay Class B Principal $ 0.00 9. Withdrawal from Reserve Account to pay Class C Principal $ 0.00 10. Deposit from Remaining Available Collections to fund Reserve Account $ 0.00 11. Residual Cashflow plus Reserve Fund Releases to Certificate Holder $ 1,332,562.00 12. Ending Reserve Account Balance $ 10,446,488.93 IX. Delinquency and Default Information A. Automobiles Delinquency Information
Delinquency Principal 0 -29 days (Current) $513,415,333.77 30 -59 days $ 7,059,797.22 60 -89 days $ 1,128,242.10 91-119 days $ 691,926.22 120+ days $ 29,147.40 Total $ 8,909,112.94
Delinquency Units 0 -29 days (Current) 41,455 30 -59 days 514 60 -89 days 84 91-119 days 58 120+ days 1 Total 657
B. Delinquency Percentage 1. Outstanding Principal Balance for Delinquency >=60 days $ 1,849,315.72 2. Portfolio Principal Ending Balance for Collection Period $522,324,446.71 3. Delinquency Percentage (1/2) 0.35% C. Automobiles Default Information 1. Aggregate Principal Balance for Defaulted Receivables $ 13,156,876.26 2. Number of Current Defaulted Loans 71 3. Aggregate Number of Defaulted Loans 885 4. Current Default Percentage (Annualized) 1.56%
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report X. Portfolio Average Delinquency Ratio A. Delinquency Ratio for 2 Collection Periods Prior 0.35% B. Delinquency Ratio for Prior Collection Period 0.35% C. Delinquency Ratio for Current Collection Period 0.35% D. Average Delinquency Ratio ((sum A through C) / 3) 0.35% XI. Portfolio Average Net Loss Ratio 1. Principal Recoveries of Defaulted Receivable $ 560,156.70 2. Principal Balance of Defaulted Receivable $ 1,117,925.84 3. Average Pool Balance for Collection Period $532,615,218.61 4. Net Loss Ratio ((2 - 1) / #3) 1.26% 5. Cumulative Net Principal Loss $ 8,140,908.53 6. Cumulative Net Loss Ratio 0.94% A. Net Loss Ratio for 2 Collection Periods Prior 1.43% B. Net Loss Ratio for Prior Collection Period 1.64% C. Net Loss Ratio for Current Collection Period 1.26% D. Average Net Loss Ratio ((sum A through C) / 3) 1.44% XII. Portfolio Information A. Weighted Average APR 6.770% B. Weighted Average Remaining Term 45 C. Weighted Average Original Term 64 D Monthly Prepayment Speed (% ABS) 1.33% E. Cumulative Prepayment Speed (% ABS) 1.23%
NATIONAL CITY AUTO RECEIVABLES TRUST 2004-A $178,000,000 1.10% Automobile Loan Pass-Through Notes, Class A-1 $197,000,000 1.50% Automobile Loan Pass-Through Notes, Class A-2 $240,000,000 2.11% Automobile Loan Pass-Through Notes, Class A-3 $200,020,000 2.88% Automobile Loan Pass-Through Notes, Class A-4 $36,650,000 2.45% Automobile Loan Pass-Through Notes, Class B $10,785,978 2.99% Automobile Loan Pass-Through Notes, Class C Monthly Servicer Certificate Report 1) Class A-1 Principal $ 0.00 Principal Factor 0.0000000 2) Class A-1 Interest $ 0.00 Interest Factor 0.0000000 Total per each individual Class A-1 Note $ 0.00 3) Class A-2 Principal $ 19,155,147.22 Principal Factor 0.2935201 4) Class A-2 Interest $ 81,575.10 Interest Factor 0.0012500 Total per each individual Class A-2 Note $ 97.65 5) Class A-3 Principal $ 0.00 Principal Factor 0.0000000 6) Class A-3 Interest $ 422,000.00 Interest Factor 0.0017583 Total per each individual Class A-3 Note $ 1.76 7) Class A-4 Principal $ 0.00 Principal Factor 0.0000000 8) Class A-4 Interest $ 480,048.00 Interest Factor 0.0024000 Total per each individual Class A-4 Note $ 2.40 9) Class B Principal $ 1,102,062.96 Principal Factor 0.0379100 10) Class B Interest $ 59,352.35 Interest Factor 0.0020417 Total per each individual Class B Note $ 31.69 11) Class C Principal $ 324,333.61 Principal Factor 0.0379100 12) Class C Interest $ 21,317.12 Interest Factor 0.0024917 Total per each individual Class C Note $ 32.05 13) Fees and Compensation paid to Servicer (a) Total $ 452,421.66 (b) Per individual Class A, Class B and Class C Note $ 452.42 14) The amount deposited into the Reserve Account $ 0.00 15) Aggregate Unreimbursed Advances This Month $ 0.00 Previous Month $ 0.00 Change From Previous Month $ 0.00 16) (a) Pool Balance after this payment $522,324,446.71 (b) Pool Factor after this payment 0.6056245 (c) Pool survival factor after this payment 0.7936274 17) (a) Available Reserve Account Amount $ 10,446,488.93 (b) Percent of Pool Balance 1.92% 18) Required Reserve Account Amount $ 10,446,488.93 19) Payment to Certificateholders $ 998,351.20
June 10, 2005 Monthly Servicer's Certificate National City Bank National City Auto Receivables Trust 2004-A The undersigned, a duly authorized representative of National City Bank, as Servicer, pursuant to the Sale and Servicing Agreement (the "Agreement") dated February 1, 2004 between National City Bank, as Seller and Servicer, and The Bank of New York, as Indenture Trustee, does hereby certify as follows: 1) Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement . 2) National City Bank is, as of the date hereof, the Servicer under the Agreement. 3) The undersigned is a Responsible Officer. 4) This Certificate relates to the Payment Date occurring on June 15, 2005. 5) As of the date hereof, the information provided is complete and no Servicer Defaults have occurred. IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 10th day of June, 2005. NATIONAL CITY BANK as Servicer BY: /s/ Richard G. Zab ------------------------- NAME: Richard G. Zab TITLE: Senior Vice President as Authorized Agent -----END PRIVACY-ENHANCED MESSAGE-----