8-K 1 ba745459-2_8k.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: January 30, 2004 (Date of earliest event reported) Commission File No. 333-105940 Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- Delaware 36-4514369 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 387-2111 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On January 30, 2004, Banc of America Mortgage Securities, Inc. (the "Registrant") amended the Pooling and Servicing Agreement, dated March 24, 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 2003-2. A copy of the amendment is filed as an exhibit hereto. ITEM 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Amendment No. 1, dated January 30, 2004, to Pooling and Servicing Agreement, dated March 24, 2003, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BANC OF AMERICA MORTGAGE SECURITIES, INC. January 30, 2004 By: /s/ Judy Lowman --------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Amendment No. 1, dated January E 30, 2004, to Pooling and Servicing Agreement, dated March 24, 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: 11/30/03 Distribution Date: 12/26/03 BAM Series: 2003-2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A1 05948XAA9 SEN 4.00000% 88,373,696.24 294,578.99 834,007.86 1-A2 05948XAB7 SEN 4.50000% 36,313,000.00 136,173.75 0.00 1-A3 05948XAC5 SEN 4.75000% 9,906,000.00 39,211.25 0.00 1-A4 05948XAD3 SEN 4.87500% 21,516,000.00 87,408.75 0.00 1-A5 05948XAE1 SEN 5.50000% 49,984,000.00 229,093.33 0.00 1-A6 05948XAF8 SEN 5.75000% 50,846,606.19 243,639.99 2,626,247.05 1-A7 05948XAG6 SEN 5.25000% 30,000,000.00 131,250.00 0.00 1-A8 05948XAH4 SEN 5.75000% 2,500,000.00 11,979.17 0.00 1-A9 05948XAJ0 SEN 2.61875% 1,073,925.23 2,343.62 1,073,925.23 1-A10 05948XAK7 SEN 16.03839% 326,846.81 4,368.41 326,846.81 1-A11 05948XAL5 SEN 5.50000% 30,121,000.00 138,054.58 0.00 1-A12 05948XAM3 SEN 5.75000% 240,000.00 1,150.00 0.00 1-A13 05948XAN1 SEN 5.00000% 45,794,630.17 190,810.96 774,873.21 1-A14 05948XAP6 SEN 5.75000% 0.00 248,458.28 0.00 1-A-WIO 05948XAS0 SEN 0.29690% 0.00 51,416.89 0.00 2-A1 05948XAT8 SEN 1.61875% 72,649,059.58 98,000.55 1,247,980.89 2-A2 05948XAU5 SEN 9.83036% 70,662,178.37 578,862.01 1,213,849.82 2-A3 05948XAV3 SEN 1.61875% 27,899,070.33 37,634.68 479,256.12 2-A4 05948XAW1 SEN 1.61875% 397,840.09 536.67 6,834.18 2-A-WIO 05948XAX9 SEN 0.40390% 0.00 57,718.93 0.00 A-P0 05948XAY7 SEN 0.00000% 2,339,461.27 0.00 12,541.77 1-B1 05948XAZ4 SUB 5.75000% 7,375,838.56 35,342.56 7,770.92 1-B2 05948XBA8 SUB 5.75000% 2,458,943.49 11,782.44 2,590.66 1-B3 05948XBB6 SUB 5.75000% 1,912,401.39 9,163.59 2,014.84 1-B4 05948XBG5 SUB 5.75000% 819,317.19 3,925.89 863.20 1-B5 05948XBH3 SUB 5.75000% 820,309.10 3,930.65 864.25 1-B6 05948XBJ9 SUB 5.75000% 819,766.53 3,928.05 863.68 2-B1 05948XBC4 SUB 5.00000% 1,460,551.27 6,085.63 5,885.76 2-B2 05948XBD2 SUB 5.00000% 365,622.73 1,523.43 1,473.39 2-B3 05948XBE0 SUB 5.00000% 364,652.91 1,519.39 1,469.49 2-B4 05948XBK6 SUB 5.00000% 243,425.21 1,014.27 980.96 2-B5 05948XBL4 SUB 5.00000% 244,395.03 1,018.31 984.87 2-B6 05948XBM2 SUB 5.00000% 243,560.02 1,014.83 981.50 SES 05948XBF7 SEN 0.00000% 0.00 94,993.74 0.00 1-AR 05948XAQ4 SEN 5.75000% 0.00 0.00 0.00 1-ALR 05948XAR2 SEN 5.75000% 0.00 0.00 0.00 Totals 558,072,097.71 2,757,933.59 8,623,106.46

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 87,539,688.37 1,128,586.85 0.00 1-A2 0.00 36,313,000.00 136,173.75 0.00 1-A3 0.00 9,906,000.00 39,211.25 0.00 1-A4 0.00 21,516,000.00 87,408.75 0.00 1-A5 0.00 49,984,000.00 229,093.33 0.00 1-A6 0.00 48,220,359.14 2,869,887.04 0.00 1-A7 0.00 30,000,000.00 131,250.00 0.00 1-A8 0.00 2,500,000.00 11,979.17 0.00 1-A9 0.00 0.00 1,076,268.85 0.00 1-A10 0.00 0.00 331,215.22 0.00 1-A11 0.00 30,121,000.00 138,054.58 0.00 1-A12 0.00 240,000.00 1,150.00 0.00 1-A13 0.00 45,019,756.97 965,684.17 0.00 1-A14 0.00 0.00 248,458.28 0.00 1-A-WIO 0.00 0.00 51,416.89 0.00 2-A1 0.00 71,401,078.69 1,345,981.44 0.00 2-A2 0.00 69,448,328.55 1,792,711.83 0.00 2-A3 0.00 27,419,814.21 516,890.80 0.00 2-A4 0.00 391,005.91 7,370.85 0.00 2-A-WIO 0.00 0.00 57,718.93 0.00 A-P0 0.00 2,326,919.50 12,541.77 0.00 1-B1 0.00 7,368,067.64 43,113.48 0.00 1-B2 0.00 2,456,352.83 14,373.10 0.00 1-B3 0.00 1,910,386.55 11,178.43 0.00 1-B4 0.00 818,453.99 4,789.09 0.00 1-B5 0.00 819,444.85 4,794.90 0.00 1-B6 0.00 818,902.85 4,791.73 0.00 2-B1 0.00 1,454,665.52 11,971.39 0.00 2-B2 0.00 364,149.34 2,996.82 0.00 2-B3 0.00 363,183.42 2,988.88 0.00 2-B4 0.00 242,444.25 1,995.23 0.00 2-B5 0.00 243,410.17 2,003.18 0.00 2-B6 0.00 242,578.51 1,996.33 0.00 SES 0.00 0.00 94,993.74 0.00 1-AR 0.00 0.00 0.00 0.00 1-ALR 0.00 0.00 0.00 0.00 Totals 0.00 549,448,991.26 11,381,040.05 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-A1 92,900,000.00 88,373,696.24 57,217.53 776,790.34 0.00 0.00 1-A2 36,313,000.00 36,313,000.00 0.00 0.00 0.00 0.00 1-A3 9,906,000.00 9,906,000.00 0.00 0.00 0.00 0.00 1-A4 21,516,000.00 21,516,000.00 0.00 0.00 0.00 0.00 1-A5 49,984,000.00 49,984,000.00 0.00 0.00 0.00 0.00 1-A6 51,744,000.00 50,846,606.19 180,175.00 2,446,072.05 0.00 0.00 1-A7 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 1-A8 2,500,000.00 2,500,000.00 0.00 0.00 0.00 0.00 1-A9 121,680,733.00 1,073,925.23 73,677.18 1,000,248.05 0.00 0.00 1-A10 37,033,267.00 326,846.81 22,423.49 304,423.32 0.00 0.00 1-A11 30,121,000.00 30,121,000.00 0.00 0.00 0.00 0.00 1-A12 240,000.00 240,000.00 0.00 0.00 0.00 0.00 1-A13 50,000,000.00 45,794,630.17 53,160.57 721,712.64 0.00 0.00 1-A14 0.00 0.00 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A1 105,000,000.00 72,649,059.58 292,762.50 955,218.39 0.00 0.00 2-A2 102,128,352.00 70,662,178.37 284,755.73 929,094.09 0.00 0.00 2-A3 40,322,647.00 27,899,070.33 112,428.18 366,827.94 0.00 0.00 2-A4 575,000.00 397,840.09 1,603.22 5,230.96 0.00 0.00 2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-P0 2,636,049.00 2,339,461.27 2,721.92 9,819.85 0.00 0.00 1-B1 7,436,000.00 7,375,838.56 7,770.92 0.00 0.00 0.00 1-B2 2,479,000.00 2,458,943.49 2,590.66 0.00 0.00 0.00 1-B3 1,928,000.00 1,912,401.39 2,014.84 0.00 0.00 0.00 1-B4 826,000.00 819,317.19 863.20 0.00 0.00 0.00 1-B5 827,000.00 820,309.10 864.25 0.00 0.00 0.00 1-B6 826,453.00 819,766.53 863.68 0.00 0.00 0.00 2-B1 1,506,000.00 1,460,551.27 5,885.76 0.00 0.00 0.00 2-B2 377,000.00 365,622.73 1,473.39 0.00 0.00 0.00 2-B3 376,000.00 364,652.91 1,469.49 0.00 0.00 0.00 2-B4 251,000.00 243,425.21 980.96 0.00 0.00 0.00 2-B5 252,000.00 244,395.03 984.87 0.00 0.00 0.00 2-B6 251,139.00 243,560.02 981.50 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 1-AR 50.00 0.00 0.00 0.00 0.00 0.00 1-ALR 50.00 0.00 0.00 0.00 0.00 0.00 Totals 801,935,740.00 558,072,097.71 1,107,668.84 7,515,437.63 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-A1 834,007.86 87,539,688.37 0.94230020 834,007.86 1-A2 0.00 36,313,000.00 1.00000000 0.00 1-A3 0.00 9,906,000.00 1.00000000 0.00 1-A4 0.00 21,516,000.00 1.00000000 0.00 1-A5 0.00 49,984,000.00 1.00000000 0.00 1-A6 2,626,247.05 48,220,359.14 0.93190243 2,626,247.05 1-A7 0.00 30,000,000.00 1.00000000 0.00 1-A8 0.00 2,500,000.00 1.00000000 0.00 1-A9 1,073,925.23 0.00 0.00000000 1,073,925.23 1-A10 326,846.81 0.00 0.00000000 326,846.81 1-A11 0.00 30,121,000.00 1.00000000 0.00 1-A12 0.00 240,000.00 1.00000000 0.00 1-A13 774,873.21 45,019,756.97 0.90039514 774,873.21 1-A14 0.00 0.00 0.00000000 0.00 1-A-WIO 0.00 0.00 0.00000000 0.00 2-A1 1,247,980.89 71,401,078.69 0.68001027 1,247,980.89 2-A2 1,213,849.82 69,448,328.55 0.68001027 1,213,849.82 2-A3 479,256.12 27,419,814.21 0.68001027 479,256.12 2-A4 6,834.18 391,005.91 0.68001028 6,834.18 2-A-WIO 0.00 0.00 0.00000000 0.00 A-P0 12,541.77 2,326,919.50 0.88272999 12,541.77 1-B1 7,770.92 7,368,067.64 0.99086439 7,770.92 1-B2 2,590.66 2,456,352.83 0.99086439 2,590.66 1-B3 2,014.84 1,910,386.55 0.99086439 2,014.84 1-B4 863.20 818,453.99 0.99086439 863.20 1-B5 864.25 819,444.85 0.99086439 864.25 1-B6 863.68 818,902.85 0.99086439 863.68 2-B1 5,885.76 1,454,665.52 0.96591336 5,885.76 2-B2 1,473.39 364,149.34 0.96591337 1,473.39 2-B3 1,469.49 363,183.42 0.96591335 1,469.49 2-B4 980.96 242,444.25 0.96591335 980.96 2-B5 984.87 243,410.17 0.96591337 984.87 2-B6 981.50 242,578.51 0.96591334 981.50 SES 0.00 0.00 0.00000000 0.00 1-AR 0.00 0.00 0.00000000 0.00 1-ALR 0.00 0.00 0.00000000 0.00 Totals 8,623,106.46 549,448,991.26 0.68515339 8,623,106.46

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 92,900,000.00 951.27767750 0.61590452 8.36157524 0.00000000 1-A2 36,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A3 9,906,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A4 21,516,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A5 49,984,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A6 51,744,000.00 982.65704603 3.48204623 47.27257363 0.00000000 1-A7 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A8 2,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A9 121,680,733.00 8.82576233 0.60549586 8.22026647 0.00000000 1-A10 37,033,267.00 8.82576225 0.60549586 8.22026639 0.00000000 1-A11 30,121,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A12 240,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A13 50,000,000.00 915.89260340 1.06321140 14.43425280 0.00000000 1-A14 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 105,000,000.00 691.89580552 2.78821429 9.09731800 0.00000000 2-A2 102,128,352.00 691.89580549 2.78821429 9.09731795 0.00000000 2-A3 40,322,647.00 691.89580560 2.78821428 9.09731794 0.00000000 2-A4 575,000.00 691.89580870 2.78820870 9.09732174 0.00000000 2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-P0 2,636,049.00 887.48777811 1.03257565 3.72521527 0.00000000 1-B1 7,436,000.00 991.90943518 1.04504034 0.00000000 0.00000000 1-B2 2,479,000.00 991.90943526 1.04504236 0.00000000 0.00000000 1-B3 1,928,000.00 991.90943465 1.04504149 0.00000000 0.00000000 1-B4 826,000.00 991.90943099 1.04503632 0.00000000 0.00000000 1-B5 827,000.00 991.90943168 1.04504232 0.00000000 0.00000000 1-B6 826,453.00 991.90943708 1.04504430 0.00000000 0.00000000 2-B1 1,506,000.00 969.82156042 3.90820717 0.00000000 0.00000000 2-B2 377,000.00 969.82156499 3.90819629 0.00000000 0.00000000 2-B3 376,000.00 969.82156915 3.90821809 0.00000000 0.00000000 2-B4 251,000.00 969.82155378 3.90820717 0.00000000 0.00000000 2-B5 252,000.00 969.82154762 3.90821429 0.00000000 0.00000000 2-B6 251,139.00 969.82157291 3.90819427 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 50.00 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 1-A1 0.00000000 8.97747966 942.30019774 0.94230020 8.97747966 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A6 0.00000000 50.75461986 931.90242618 0.93190243 50.75461986 1-A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A9 0.00000000 8.82576233 0.00000000 0.00000000 8.82576233 1-A10 0.00000000 8.82576225 0.00000000 0.00000000 8.82576225 1-A11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A13 0.00000000 15.49746420 900.39513940 0.90039514 15.49746420 1-A14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 11.88553229 680.01027324 0.68001027 11.88553229 2-A2 0.00000000 11.88553224 680.01027325 0.68001027 11.88553224 2-A3 0.00000000 11.88553222 680.01027338 0.68001027 11.88553222 2-A4 0.00000000 11.88553043 680.01027826 0.68001028 11.88553043 2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-P0 0.00000000 4.75779092 882.72998719 0.88272999 4.75779092 1-B1 0.00000000 1.04504034 990.86439484 0.99086439 1.04504034 1-B2 0.00000000 1.04504236 990.86439290 0.99086439 1.04504236 1-B3 0.00000000 1.04504149 990.86439315 0.99086439 1.04504149 1-B4 0.00000000 1.04503632 990.86439467 0.99086439 1.04503632 1-B5 0.00000000 1.04504232 990.86438936 0.99086439 1.04504232 1-B6 0.00000000 1.04504430 990.86439277 0.99086439 1.04504430 2-B1 0.00000000 3.90820717 965.91335989 0.96591336 3.90820717 2-B2 0.00000000 3.90819629 965.91336870 0.96591337 3.90819629 2-B3 0.00000000 3.90821809 965.91335106 0.96591335 3.90821809 2-B4 0.00000000 3.90820717 965.91334661 0.96591335 3.90820717 2-B5 0.00000000 3.90821429 965.91337302 0.96591337 3.90821429 2-B6 0.00000000 3.90819427 965.91333883 0.96591334 3.90819427 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 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-A1 92,900,000.00 4.00000% 88,373,696.24 294,578.99 0.00 0.00 1-A2 36,313,000.00 4.50000% 36,313,000.00 136,173.75 0.00 0.00 1-A3 9,906,000.00 4.75000% 9,906,000.00 39,211.25 0.00 0.00 1-A4 21,516,000.00 4.87500% 21,516,000.00 87,408.75 0.00 0.00 1-A5 49,984,000.00 5.50000% 49,984,000.00 229,093.33 0.00 0.00 1-A6 51,744,000.00 5.75000% 50,846,606.19 243,639.99 0.00 0.00 1-A7 30,000,000.00 5.25000% 30,000,000.00 131,250.00 0.00 0.00 1-A8 2,500,000.00 5.75000% 2,500,000.00 11,979.17 0.00 0.00 1-A9 121,680,733.00 2.61875% 1,073,925.23 2,343.62 0.00 0.00 1-A10 37,033,267.00 16.03839% 326,846.81 4,368.41 0.00 0.00 1-A11 30,121,000.00 5.50000% 30,121,000.00 138,054.58 0.00 0.00 1-A12 240,000.00 5.75000% 240,000.00 1,150.00 0.00 0.00 1-A13 50,000,000.00 5.00000% 45,794,630.17 190,810.96 0.00 0.00 1-A14 0.00 5.75000% 51,852,163.66 248,458.28 0.00 0.00 1-A-WIO 0.00 0.29690% 207,814,206.29 51,416.89 0.00 0.00 2-A1 105,000,000.00 1.61875% 72,649,059.58 98,000.55 0.00 0.00 2-A2 102,128,352.00 9.83036% 70,662,178.37 578,862.04 0.00 0.00 2-A3 40,322,647.00 1.61875% 27,899,070.33 37,634.68 0.00 0.00 2-A4 575,000.00 1.61875% 397,840.09 536.67 0.00 0.00 2-A-WIO 0.00 0.40390% 171,485,733.75 57,718.93 0.00 0.00 A-P0 2,636,049.00 0.00000% 2,339,461.27 0.00 0.00 0.00 1-B1 7,436,000.00 5.75000% 7,375,838.56 35,342.56 0.00 0.00 1-B2 2,479,000.00 5.75000% 2,458,943.49 11,782.44 0.00 0.00 1-B3 1,928,000.00 5.75000% 1,912,401.39 9,163.59 0.00 0.00 1-B4 826,000.00 5.75000% 819,317.19 3,925.89 0.00 0.00 1-B5 827,000.00 5.75000% 820,309.10 3,930.65 0.00 0.00 1-B6 826,453.00 5.75000% 819,766.53 3,928.05 0.00 0.00 2-B1 1,506,000.00 5.00000% 1,460,551.27 6,085.63 0.00 0.00 2-B2 377,000.00 5.00000% 365,622.73 1,523.43 0.00 0.00 2-B3 376,000.00 5.00000% 364,652.91 1,519.39 0.00 0.00 2-B4 251,000.00 5.00000% 243,425.21 1,014.27 0.00 0.00 2-B5 252,000.00 5.00000% 244,395.03 1,018.31 0.00 0.00 2-B6 251,139.00 5.00000% 243,560.02 1,014.83 0.00 0.00 SES 0.00 0.00000% 558,072,099.94 0.00 0.00 0.00 1-AR 50.00 5.75000% 0.00 0.00 0.00 0.00 1-ALR 50.00 5.75000% 0.00 0.00 0.00 0.00 Totals 801,935,740.00 2,662,939.88 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-A1 0.00 0.00 294,578.99 0.00 87,539,688.37 1-A2 0.00 0.00 136,173.75 0.00 36,313,000.00 1-A3 0.00 0.00 39,211.25 0.00 9,906,000.00 1-A4 0.00 0.00 87,408.75 0.00 21,516,000.00 1-A5 0.00 0.00 229,093.33 0.00 49,984,000.00 1-A6 0.00 0.00 243,639.99 0.00 48,220,359.14 1-A7 0.00 0.00 131,250.00 0.00 30,000,000.00 1-A8 0.00 0.00 11,979.17 0.00 2,500,000.00 1-A9 0.00 0.00 2,343.62 0.00 0.00 1-A10 0.00 0.00 4,368.41 0.00 0.00 1-A11 0.00 0.00 138,054.58 0.00 30,121,000.00 1-A12 0.00 0.00 1,150.00 0.00 240,000.00 1-A13 0.00 0.00 190,810.96 0.00 45,019,756.97 1-A14 0.00 0.00 248,458.28 0.00 51,497,264.76 1-A-WIO 0.00 0.00 51,416.89 0.00 204,131,075.44 2-A1 0.01 0.00 98,000.55 0.00 71,401,078.69 2-A2 0.04 0.00 578,862.01 0.00 69,448,328.55 2-A3 0.00 0.00 37,634.68 0.00 27,419,814.21 2-A4 0.00 0.00 536.67 0.00 391,005.91 2-A-WIO 0.00 0.00 57,718.93 0.00 168,538,030.80 A-P0 0.00 0.00 0.00 0.00 2,326,919.50 1-B1 0.00 0.00 35,342.56 0.00 7,368,067.64 1-B2 0.00 0.00 11,782.44 0.00 2,456,352.83 1-B3 0.00 0.00 9,163.59 0.00 1,910,386.55 1-B4 0.00 0.00 3,925.89 0.00 818,453.99 1-B5 0.00 0.00 3,930.65 0.00 819,444.85 1-B6 0.00 0.00 3,928.05 0.00 818,902.85 2-B1 0.00 0.00 6,085.63 0.00 1,454,665.52 2-B2 0.00 0.00 1,523.43 0.00 364,149.34 2-B3 0.00 0.00 1,519.39 0.00 363,183.42 2-B4 0.00 0.00 1,014.27 0.00 242,444.25 2-B5 0.00 0.00 1,018.31 0.00 243,410.17 2-B6 0.00 0.00 1,014.83 0.00 242,578.51 SES 0.00 0.00 94,993.74 0.00 549,448,993.48 1-AR 0.00 0.00 0.00 0.00 0.00 1-ALR 0.00 0.00 0.00 0.00 0.00 Totals 0.05 0.00 2,757,933.59 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-A1 92,900,000.00 4.00000% 951.27767750 3.17092562 0.00000000 0.00000000 1-A2 36,313,000.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 1-A3 9,906,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 1-A4 21,516,000.00 4.87500% 1000.00000000 4.06250000 0.00000000 0.00000000 1-A5 49,984,000.00 5.50000% 1000.00000000 4.58333327 0.00000000 0.00000000 1-A6 51,744,000.00 5.75000% 982.65704603 4.70856505 0.00000000 0.00000000 1-A7 30,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 1-A8 2,500,000.00 5.75000% 1000.00000000 4.79166800 0.00000000 0.00000000 1-A9 121,680,733.00 2.61875% 8.82576233 0.01926040 0.00000000 0.00000000 1-A10 37,033,267.00 16.03839% 8.82576225 0.11795908 0.00000000 0.00000000 1-A11 30,121,000.00 5.50000% 1000.00000000 4.58333322 0.00000000 0.00000000 1-A12 240,000.00 5.75000% 1000.00000000 4.79166667 0.00000000 0.00000000 1-A13 50,000,000.00 5.00000% 915.89260340 3.81621920 0.00000000 0.00000000 1-A14 0.00 5.75000% 964.18446219 4.62005047 0.00000000 0.00000000 1-A-WIO 0.00 0.29690% 645.36382151 0.15967436 0.00000000 0.00000000 2-A1 105,000,000.00 1.61875% 691.89580552 0.93333857 0.00000000 0.00000000 2-A2 102,128,352.00 9.83036% 691.89580549 5.66798571 0.00000000 0.00000000 2-A3 40,322,647.00 1.61875% 691.89580560 0.93333853 0.00000000 0.00000000 2-A4 575,000.00 1.61875% 691.89580870 0.93333913 0.00000000 0.00000000 2-A-WIO 0.00 0.40390% 691.75969881 0.23283354 0.00000000 0.00000000 A-P0 2,636,049.00 0.00000% 887.48777811 0.00000000 0.00000000 0.00000000 1-B1 7,436,000.00 5.75000% 991.90943518 4.75289941 0.00000000 0.00000000 1-B2 2,479,000.00 5.75000% 991.90943526 4.75290036 0.00000000 0.00000000 1-B3 1,928,000.00 5.75000% 991.90943465 4.75289938 0.00000000 0.00000000 1-B4 826,000.00 5.75000% 991.90943099 4.75289346 0.00000000 0.00000000 1-B5 827,000.00 5.75000% 991.90943168 4.75290206 0.00000000 0.00000000 1-B6 826,453.00 5.75000% 991.90943708 4.75290186 0.00000000 0.00000000 2-B1 1,506,000.00 5.00000% 969.82156042 4.04092297 0.00000000 0.00000000 2-B2 377,000.00 5.00000% 969.82156499 4.04092838 0.00000000 0.00000000 2-B3 376,000.00 5.00000% 969.82156915 4.04093085 0.00000000 0.00000000 2-B4 251,000.00 5.00000% 969.82155378 4.04091633 0.00000000 0.00000000 2-B5 252,000.00 5.00000% 969.82154762 4.04091270 0.00000000 0.00000000 2-B6 251,139.00 5.00000% 969.82157291 4.04090962 0.00000000 0.00000000 SES 0.00 0.00000% 695.90625595 0.00000000 0.00000000 0.00000000 1-AR 50.00 5.75000% 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 50.00 5.75000% 0.00000000 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 1-A1 0.00000000 0.00000000 3.17092562 0.00000000 942.30019774 1-A2 0.00000000 0.00000000 3.75000000 0.00000000 1000.00000000 1-A3 0.00000000 0.00000000 3.95833333 0.00000000 1000.00000000 1-A4 0.00000000 0.00000000 4.06250000 0.00000000 1000.00000000 1-A5 0.00000000 0.00000000 4.58333327 0.00000000 1000.00000000 1-A6 0.00000000 0.00000000 4.70856505 0.00000000 931.90242618 1-A7 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 1-A8 0.00000000 0.00000000 4.79166800 0.00000000 1000.00000000 1-A9 0.00000000 0.00000000 0.01926040 0.00000000 0.00000000 1-A10 0.00000000 0.00000000 0.11795908 0.00000000 0.00000000 1-A11 0.00000000 0.00000000 4.58333322 0.00000000 1000.00000000 1-A12 0.00000000 0.00000000 4.79166667 0.00000000 1000.00000000 1-A13 0.00000000 0.00000000 3.81621920 0.00000000 900.39513940 1-A14 0.00000000 0.00000000 4.62005047 0.00000000 957.58516178 1-A-WIO 0.00000000 0.00000000 0.15967436 0.00000000 633.92591530 2-A1 0.00000010 0.00000000 0.93333857 0.00000000 680.01027324 2-A2 0.00000039 0.00000000 5.66798542 0.00000000 680.01027325 2-A3 0.00000000 0.00000000 0.93333853 0.00000000 680.01027338 2-A4 0.00000000 0.00000000 0.93333913 0.00000000 680.01027826 2-A-WIO 0.00000000 0.00000000 0.23283354 0.00000000 679.86890148 A-P0 0.00000000 0.00000000 0.00000000 0.00000000 882.72998719 1-B1 0.00000000 0.00000000 4.75289941 0.00000000 990.86439484 1-B2 0.00000000 0.00000000 4.75290036 0.00000000 990.86439290 1-B3 0.00000000 0.00000000 4.75289938 0.00000000 990.86439315 1-B4 0.00000000 0.00000000 4.75289346 0.00000000 990.86439467 1-B5 0.00000000 0.00000000 4.75290206 0.00000000 990.86438936 1-B6 0.00000000 0.00000000 4.75290186 0.00000000 990.86439277 2-B1 0.00000000 0.00000000 4.04092297 0.00000000 965.91335989 2-B2 0.00000000 0.00000000 4.04092838 0.00000000 965.91336870 2-B3 0.00000000 0.00000000 4.04093085 0.00000000 965.91335106 2-B4 0.00000000 0.00000000 4.04091633 0.00000000 965.91334661 2-B5 0.00000000 0.00000000 4.04091270 0.00000000 965.91337302 2-B6 0.00000000 0.00000000 4.04090962 0.00000000 965.91333883 SES 0.00000000 0.00000000 0.11845555 0.00000000 685.15339135 1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 APO-1 0.00000% 0.00 0.00 2,306,344.33 2,293,934.57 88.16402859% APO-2 0.00000% 0.00 0.00 33,116.94 32,984.93 96.57423510% SES-1 0.00000% 383,508,626.18 377,845,348.71 0.00 0.00 68.59159670% SES-2 0.00000% 174,563,473.76 171,603,644.77 0.00 0.00 68.34802772%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 11,376,403.50 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 29,284.78 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 11,405,688.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 24,648.23 Payment of Interest and Principal 11,381,040.05 Total Withdrawals (Pool Distribution Amount) 11,405,688.28 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 23,253.07 Trustee Fee 1,395.16 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 24,648.23

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 7 0 0 0 7 3,235,407.43 0.00 0.00 0.00 3,235,407.43 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 941,199.43 0.00 0.00 0.00 941,199.43 120 Days 1 0 0 0 1 391,869.37 0.00 0.00 0.00 391,869.37 150 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 9 0 0 0 9 4,568,476.23 0.00 0.00 0.00 4,568,476.23 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 0.602929% 0.000000% 0.000000% 0.000000% 0.602929% 0.588846% 0.000000% 0.000000% 0.000000% 0.588846% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.086133% 0.000000% 0.000000% 0.000000% 0.086133% 0.171299% 0.000000% 0.000000% 0.000000% 0.171299% 120 Days 0.086133% 0.000000% 0.000000% 0.000000% 0.086133% 0.071320% 0.000000% 0.000000% 0.000000% 0.071320% 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 0.775194% 0.000000% 0.000000% 0.000000% 0.775194% 0.831465% 0.000000% 0.000000% 0.000000% 0.831465%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 2,852,835.83 0.00 0.00 0.00 2,852,835.83 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 941,199.43 0.00 0.00 0.00 941,199.43 120 Days 1 0 0 0 1 391,869.37 0.00 0.00 0.00 391,869.37 150 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 8 0 0 0 8 4,185,904.63 0.00 0.00 0.00 4,185,904.63 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.755668% 0.000000% 0.000000% 0.000000% 0.755668% 0.755027% 0.000000% 0.000000% 0.000000% 0.755027% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.125945% 0.000000% 0.000000% 0.000000% 0.125945% 0.249096% 0.000000% 0.000000% 0.000000% 0.249096% 120 Days 0.125945% 0.000000% 0.000000% 0.000000% 0.125945% 0.103712% 0.000000% 0.000000% 0.000000% 0.103712% 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 1.007557% 0.000000% 0.000000% 0.000000% 1.007557% 1.107835% 0.000000% 0.000000% 0.000000% 1.107835% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 382,571.60 0.00 0.00 0.00 382,571.60 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 1 0 0 0 1 382,571.60 0.00 0.00 0.00 382,571.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.272480% 0.000000% 0.000000% 0.000000% 0.272480% 0.222939% 0.000000% 0.000000% 0.000000% 0.222939% 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 0.272480% 0.000000% 0.000000% 0.000000% 0.272480% 0.222939% 0.000000% 0.000000% 0.000000% 0.222939%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 29,284.78

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 5.979013% Weighted Average Pass-Through Rate 5.726013% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 1,176 Number Of Loans Paid In Full 15 Ending Scheduled Collateral Loan Count 1,161 Beginning Scheduled Collateral Balance 558,072,099.94 Ending Scheduled Collateral Balance 549,448,993.48 Ending Actual Collateral Balance at 30-Nov-2003 549,448,993.48 Monthly P &I Constant 3,888,268.99 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 11,153,970.26 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 549,448,993.48 Scheduled Principal 1,107,668.83 Unscheduled Principal 7,515,437.63

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.129305 5.648828 5.979013 Weighted Average Net Rate 5.879304 5.398828 5.729013 Weighted Average Maturity 349 168 1 Beginning Loan Count 804 372 1,176 Loans Paid In Full 10 5 15 Ending Loan Count 794 367 1,161 Beginning Scheduled Balance 383,508,626.18 174,563,473.76 558,072,099.94 Ending scheduled Balance 377,845,348.71 171,603,644.77 549,448,993.48 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 2,363,078.85 1,525,190.14 3,888,268.99 Scheduled Principal 404,211.22 703,457.61 1,107,668.83 Unscheduled Principal 5,259,066.25 2,256,371.38 7,515,437.63 Scheduled Interest 1,958,867.63 821,732.53 2,780,600.16 Servicing Fees 79,897.65 36,367.38 116,265.03 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 958.77 436.39 1,395.16 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,878,011.21 784,928.76 2,662,939.97 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 5.876305 5.395828 5.726013

Miscellaneous Reporting Group 1 CPR 15.284460% Subordinate % 3.726782% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 96.273218% Group 2 CPR 14.508782% Subordinate % 1.674327% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 98.325673%

Filing Compare · BANC OF AMERICA MORTGAGE SEC INC MORT PS THR CERT SER 2003-2