8-K 1 fh0305_8k0403.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): March 25, 2004 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 March 25, 2004, 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 March 25, 2004 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: March 25, 2004 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 March 25, 2004 Payment Date: 03/25/04 ------------------------------------------------------------ (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 7571,~~336~~371,~~304~~003.1619 5.250000% ~~972~~2,~~413~~863,550.9176 ~~329~~312,~~596~~248.3314 13,~~302~~175,~~010~~798.2490 0.00 0.00 1A2 20,~~530~~801,~~775~~422.7986 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 ~~852~~819,~~404~~553.3828 5.250000% 724,~~847~~652.5914 3,~~729~~585.2755 1128,~~576~~237.8569 0.00 0.00 1A5 3,~~284~~328,~~924~~227.1366 5.250000% 0.00 0.00 0.00 0.00 0.00 1A6 ~~857~~825,~~180~~601.6477 4.500000% 723,~~509~~851.1516 3,~~214~~096.4301 1026,~~723~~947.5817 0.00 0.00 1A7 76,~~597~~334,~~225~~070.6687 7.000000% ~~300~~954,~~366~~046.1152 4436,~~317~~948.1575 ~~344~~990,~~683~~995.26 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,~~714~~651,~~361~~203.2854 5.500000% 1547,~~018~~702.3133 7,~~857~~568.4902 2255,~~875~~270.7934 0.00 0.00 A10 3029,~~267~~325,~~226~~121.3538 4.500000% ~~224~~711,~~023~~561.5322 ~~113~~109,~~502~~969.1021 ~~337~~821,~~525~~530.6342 0.00 0.00 A11 16,~~539~~427,~~783~~372.9801 5.700000% 37,~~293~~827.2319 78,~~563~~030.9702 115,857.21 0.00 0.00 A12 7,~~851~~963,~~207~~618.0299 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 ~~146~~142,~~417~~384,~~303~~313.0628 5.500000% ~~959~~3,~~006~~046,071.3354 ~~671~~652,~~079~~594.3177 13,~~630~~698,~~085~~666.6331 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 1716,~~478~~921,~~691~~203.2422 8.000000% ~~132~~421,~~565~~064.3139 ~~116~~112,~~524~~808.6102 ~~249~~533,~~089~~872.9241 0.00 0.00 A18 4342,~~696~~303,~~728~~008.1006 4.500000% ~~331~~1,~~413~~052,660.2798 ~~163~~158,~~862~~636.7328 ~~495~~1,~~276~~211,297.0026 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 0.0504 0.0504 0.00 0.00 2A1 ~~107~~103,~~971~~837,~~153~~946.0330 5.000000% ~~445~~2,~~982~~122,519.5448 ~~449~~432,~~879~~658.8011 ~~895~~2,~~862~~555,177.3559 0.00 0.00 2A2 2221,~~246~~361,~~229~~018.2757 5.000000% 95454,~~516~~580.2893 9289,~~692~~004.6224 ~~188~~543,~~208~~585.9017 0.00 0.00 2A3 878,000.00 5.000000% 0.00 3,658.33 3,658.33 0.00 0.00 3A1 107,~~330~~609,~~807~~286.3635 7.~~818903~~775755% ~~977~~1,~~303~~244,075.6037 6749,~~312~~306.9962 1,~~044~~293,~~616~~381.5899 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 8,~~128~~087,~~506~~538.70 5.~~506377~~505255% 13,~~635~~644.6711 37,~~298~~103.8531 50,~~934~~747.5242 0.00 0.00 B2 2,~~709~~696,~~832~~174.3872 5.~~506377~~505255% 4,~~545~~548.7859 12,~~434~~369.4728 16,~~980~~917.2487 0.00 0.00 B3 2,~~032~~022,~~374~~131.2904 5.~~506377~~505255% 3,~~409~~411.3344 9,~~325~~276.8596 12,~~735~~688.1840 0.00 0.00 B4 1,~~016~~011,~~187~~065.1452 5.~~506377~~505255% 1,~~704~~705.6772 4,~~662~~638.9248 6,~~367~~344.5920 0.00 0.00 B5 ~~677~~674,~~458~~043.1068 5.~~506377~~505255% 1,~~136~~137.4415 3,~~108~~092.6232 4,~~245~~229.0647 0.00 0.00 B6 1,~~016~~011,~~488~~365.2308 5.~~506377~~505255% 1,~~705~~706.1723 4,~~664~~639.3185 6,~~369~~346.4808 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~591~~571,~~518~~731,~~481~~619.2808 - 413,~~532~~030,~~396~~317.2225 2,~~535~~439,~~062~~008.6372 715,~~067~~469,~~458~~325.8597 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 7468,~~363~~507,~~890~~452.2543 0.00 1A2 20,~~620~~892,~~597~~429.9409 0.00 1A3 25,000,000.00 0.00 1A4 ~~844~~794,~~556~~901.8014 0.00 1A5 3,~~299~~342,~~295~~788.6765 0.00 1A6 ~~849~~801,~~671~~750.4961 0.00 1A7 75,~~296~~380,~~859~~024.5636 0.00 1A8 26,690,000.00 0.00 1A9 1,~~699~~603,~~342~~501.9822 0.00 A10 3028,~~043~~613,~~202~~560.8116 0.00 A11 16,~~502~~389,~~490~~544.7582 0.00 A12 78,~~888~~001,~~500~~446.2518 0.00 A13 734,329.00 0.00 A14 ~~145~~139,~~458~~338,~~296~~241.73 0.00 A15 1,000,000.00 0.00 A16 509,000.00 0.00 A17 1716,~~346~~500,~~125~~138.9383 0.00 A18 4341,~~365~~250,~~314~~347.8309 0.00 A19 8,154,000.00 0.00 Residual AR 0.00 0.00 2A1 ~~107~~101,~~525~~715,~~170~~426.4882 0.00 2A2 2220,~~150~~906,~~712~~437.9964 0.00 2A3 878,000.00 0.00 3A1 96,~~353~~365,~~503~~210.7698 0.00 -------------------------------------------------------------------------------- Subordinate B1 8,~~114~~073,~~871~~894.0359 0.00 B2 2,~~705~~691,~~286~~626.6013 0.00 B3 2,~~028~~018,~~964~~719.9559 0.00 B4 1,~~014~~009,~~482~~359.4880 0.00 B5 ~~676~~672,~~321~~906.6553 0.00 B6 1,~~014~~009,~~783~~658.0586 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~587~~558,~~127~~844,~~571~~696.9824 - --------------------------------------------------------------------------------

Payment Date: 03/25/04 ------------------------------------------------------------ (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 7571,~~336~~371,~~304~~003.1619 5.250000% 32051DXU1 1030.~~516372~~968465 3.~~564488~~376872 ~~804~~740.~~223756~~888091 1A2 20,~~530~~801,~~775~~422.7986 5.250000% 32051DXV9 0.000000 0.000000 1,~~031~~044.~~029897~~621454 1A3 25,000,000.00 5.500000% 32051DXW7 0.000000 4.583333 1,000.000000 1A4 ~~852~~819,~~404~~553.3828 5.250000% 32051DXX5 724.~~847585~~652145 3.~~729269~~585546 ~~844~~794.~~556798~~901137 1A5 3,~~284~~328,~~924~~227.1366 5.250000% 32051DXY3 0.000000 0.000000 1,~~031~~044.~~029897~~621454 1A6 ~~857~~825,~~180~~601.6477 4.500000% 32051DXZ0 723.~~509153~~851163 3.~~214427~~096007 ~~849~~801.~~671489~~750609 1A7 76,~~597~~334,~~225~~070.6687 7.000000% 32051DYA4 2271.~~566950~~678927 32.~~329613~~776014 ~~548~~404.~~223858~~209193 1A8 26,690,000.00 7.000000% 32051DYB2 0.000000 5.833333 1,000.000000 1A9 1,~~714~~651,~~361~~203.2854 5.500000% 32051DYC0 723.~~509153~~851163 3.~~928745~~784008 ~~849~~801.~~671489~~750609 A10 3029,~~267~~325,~~226~~121.3538 4.500000% 32051DYD8 620.~~488168~~608230 3.~~287247~~184927 ~~870~~828.~~110968~~705671 A11 16,~~539~~427,~~783~~372.9801 5.700000% 32051DYE6 2.~~225151~~257010 4.~~687624~~655765 ~~984~~977.~~643123~~904054 A12 7,~~851~~963,~~207~~618.0299 5.700000% 32051DYF3 0.000000 0.000000 1,~~033~~048.~~727581~~528281 A13 734,329.00 5.250000% 32051DYG1 0.000000 4.375000 1,000.000000 A14 ~~146~~142,~~417~~384,~~303~~313.0628 5.500000% 32051DYH9 518.~~824267~~499496 43.~~075620~~963359 ~~883~~846.~~401840~~233332 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 1716,~~478~~921,~~691~~203.2422 8.000000% 32051DYL0 621.~~628265~~053220 5.~~826230~~640401 ~~867~~825.~~306297~~006942 A18 4342,~~696~~303,~~728~~008.1006 4.500000% 32051DYM8 621.~~628265~~053220 3.~~277255~~172726 ~~867~~825.~~306297~~006942 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.~~455515~~373440 0.000000 2A1 ~~107~~103,~~971~~837,~~153~~946.0330 5.000000% 32051DYQ9 317.~~691022~~566308 3.~~723277~~580747 ~~889~~841.~~895393~~813032 2A2 2221,~~246~~361,~~229~~018.2757 5.000000% 32051DYR7 318.~~820651~~183237 3.~~707705~~560170 ~~886~~836.~~028520~~257505 2A3 878,000.00 5.000000% 32051DYZ9 0.000000 4.166667 1,000.000000 3A1 107,~~330~~609,~~807~~286.3635 7.~~818903~~775755% 32051DYS5 2937.~~720634~~833390 21.~~047045~~499456 ~~284~~193.~~448005~~571480 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 8,~~128~~087,~~506~~538.70 5.~~506377~~505255% 32051DYT3 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 B2 2,~~709~~696,~~832~~174.3872 5.~~506377~~505255% 32051DYU0 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 B3 2,~~032~~022,~~374~~131.2904 5.~~506377~~505255% 32051DYV8 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 B4 1,~~016~~011,~~187~~065.1452 5.~~506377~~505255% 32051DYW6 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 B5 ~~677~~674,~~458~~043.1068 5.~~506377~~505255% 32051DYX4 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 B6 1,~~016~~011,~~488~~365.2308 5.~~506377~~505255% 32051DYY2 1.~~661468~~662497 4.~~544761~~520934 ~~988~~983.~~774343~~781478 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~591~~571,~~518~~731,~~481~~619.2808 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 424,887,711.29 126,823,469.12 7,133,515.88 Loan count 901 267 17 Avg loan rate 5.907549% 5.354476% 8.025755% Prepay amount 8,587,522.45 2,073,870.00 1,237,730.20 Total ----- Prin balance 558,844,696.29 Loan count 1185 Avg loan rate 5.81 Prepay amount 11,899,122.65 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 80,883.58 24,205.67 1,239.88 Sub servicer fees 59,783.08 12,538.50 0.00 Trustee fees 1,424.01 420.34 27.93 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 106,329.13 Sub servicer fees 72,321.58 Trustee fees 1,872.28 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 97.292983% 100.000000% 556,229,300.35 ----------------------------------------------------------------------------- Junior 2.707017% 0.000000% 15,476,165.50 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 7 3,042,623.68 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 7 3,042,623.68 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 15,469,325.97 15,469,325.97 Principal remittance amount 13,030,317.25 13,030,317.25 Interest remittance amount 2,439,008.72 2,439,008.72

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