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November 17, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Provident Bank Home Equity Loan Trust 1997-A Revolving Home
Equity Loan Asset-Backed Certificates, Series 1997-A
File No. 333-35275.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the trust fund (the
"Trust") created pursuant to a Pooling and Servicing Agreement
dated as of September 1, 1997 (the "Pooling and Servicing Agreement")
between The Provident Bank, as Sponsor and Servicer (in such
capacities, the "Sponsor" and "Servicer", respectively), and Bankers
Trust Company of California, N.A., as Trustee (the "Trustee"), is a
Current Report on Form 8-K (the "Report").
Each Revolving Home Equity Loan Asset-Backed Certificate, Series
1997-A (collectively, the "Certificates") will represent an
undivided interest in the Provident Bank Home Equity Loan Trust
1997-A (the "Trust") to be formed pursuant to the Pooling and
Servicing Agreement. The property of the Trust will include a pool
of adjustable rate home equity revolving credit line loans
(sometimes referred to in the Prospectus Supplement dated September
26, 1997 as "home equity loans") made or to be made in the future
(the "Mortgage Loans") under certain home equity revolving credit
line loan agreements. The Mortgage Loans are secured by first,
second and third mortgages primarily on one- to four-family
residential properties.
The aggregate undivided interest in the Trust represented by the
Certificates will, as of September 1, 1997 (the "Cut-off Date"),
represent approximately 98% of the outstanding principal balances of
the Mortgage Loans. The remaining undivided interest in the Trust
not represented by the Certificates (the "Transferor Interest") will
initially be equal to $3,379,396.33, which as of the Cut-Off Date is
approximately 2% of the outstanding principal balances of the
Mortgage Loans. The Transferor Interest will be initially retained
by Provident. Only the Certificates are offered hereby.
The Offered Certificates were registered under the Securities Act of
1933, as amended, by a Registration Statement on Form S-11 (File No.
333-35275). As a result, the Trust is subject to the filing
requirements of Section 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). The Trust intends to fulfill these
filing requirements in the manner described herein:
The Trust will file, promptly after each Distribution Date (as
defined in the Pooling and Servicing Agreement), a Current Report on
Form 8-K in substantially the form enclosed herewith, including as
an exhibit thereto the applicable Distribution Date report. Each
such Current Report will also disclose under Item 5 any matter
occurring during the relevant reporting period which would be
reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q.
The Trust will file a Current Report on Form 8-K promptly after the
occurrence of any event described under Item 2, 3, 4 or 5 thereof,
responding to the requirements of the applicable Item.
Within 90 days after the end of each fiscal year, the Trust will
file an annual report of Form 10-K which responds to Items 2, 3, and
4 of Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III
and Item 14 of Part IV thereof, and include as exhibits thereto
certain information from the Distribution Date reports aggregated
for such year and a copy of the independent accountants' annual
compliance statement required under the Pooling and Servicing
Agreement.
The Trust will follow the above procedures except for any fiscal
year as to which its reporting obligations under Section 15(d) of
the Exchange Act have been suspended pursuant to such Section. In
such event, the Trust will file a Form 15 as required under Rule
15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company of California, N.A.
S.E.C. Reporting Agent for Provident Bank Home Equity Loan Trust
1997-A Revolving Home Equity Loan Asset-Backed Certificates, Series
1997-A
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):
October 25, 1997
THE PROVIDENT BANK
(as depositor under the Pooling and Servicing Agreement, dated as
of September 1, 1997, which forms Provident Bank Home Equity Loan
Trust 1997-A, which will issue the Provident Bank Home Equity Loan
Trust 1997-A, Revolving Home Equity Loan Asset-Backed Certificates,
Series 1997-A)
THE PROVIDENT BANK
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-35275 31-0412725
(Commission File Number) (I.R.S. Employer
Identification No.)
ONE EAST FOURTH STREET
CINCINNATI, OHIO 45202
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(513) 579-2000
ITEM 5. Other Events
Attached hereto are copies of the Monthly Remittance
Statements to the Certificateholders which were derived from
the monthly information submitted by the Master Servicer of the
Trust to the Trustee.
ITEM 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated
as of October 27, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of November 25, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of December 26, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of January 26, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of February 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of March 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of April 27, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of May 26, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of June 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of July 27, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of August 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of September 25, 1998.
SIGNATURE
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.
Bankers Trust Company of California, N.A.,
not in its individual capacity, but solely
as a duly authorized agent of the
Registrant pursuant to the Pooling and
Servicing Agreement, dated as of September
1, 1997.
Date: November 17, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Remittance Statement to the Certificateholders dated
as of October 27, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of November 25, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of December 26, 1997.
Monthly Remittance Statement to the Certificateholders dated
as of January 26, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of February 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of March 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of April 27, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of May 26, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of June 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of July 27, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of August 25, 1998.
Monthly Remittance Statement to the Certificateholders dated
as of September 25, 1998.
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 165,590,000.00 724,818.48 2,814,805.26 3,
>539,623.74 0.00 0.00 162,775,194.74
Transfero 0.00 0.00 24,948.77 6,093,091.53 6,
>118,040.30 0.00 0.00 0.00
TOTALS 165,590,000.00 165,590,000.00 749,767.25 8,907,896.79 9,
>657,664.04 0.00 0.00 162,775,194.74
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 1,000.000000 4.377188 16.998643
> 21.375830 983.001357 5.836250% N/A
Transferor 0.000000 0.150666 36.796253
> 36.946919 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: David M. Arnold
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: September 30, 1997
> Irvine, CA 92714
DISTRIBUTION DATE: October 27, 1997
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1997 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> October 27, 1997
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 70,404.09
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,408.08
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 0.00
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 98.00%
>
> THE INVESTED AMOUNT
> 165,590,419.95
>
> AGGREGATE BEGINNING POO
>L BALANCE 168,969,816.28
>
> AGGREGATE ENDING POOL B
>ALANCE 166,652,681.95
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 6,093,091.5
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1997 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 162,775,194.74 765,275.14 3,247,418.82 4,
>012,693.96 0.00 0.00 159,527,775.92
Transfero 0.00 0.00 15,849.05 5,703,705.29 5,
>719,554.34 0.00 0.00 0.00
TOTALS 165,590,000.00 162,775,194.74 781,124.19 8,951,124.11 9,
>732,248.30 0.00 0.00 159,527,775.92
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 983.001357 4.621506 19.611201
> 24.232707 963.390156 5.836250% N/A
Transferor 0.000000 0.095713 34.444745
> 34.540457 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: David M. Arnold
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: October 31, 1997
> Irvine, CA 92714
DISTRIBUTION DATE: November 25, 1997
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1997 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> November 25, 1997
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 69,438.62
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,388.77
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 13,112.45
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 97.97%
>
> THE INVESTED AMOUNT
> 0.00
>
> AGGREGATE BEGINNING POO
>L BALANCE 166,652,681.95
>
> AGGREGATE ENDING POOL B
>ALANCE 163,405,263.13
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 5,703,705.2
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1997 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 159,527,775.92 806,025.17 6,625,905.65 7,
>431,930.82 0.00 0.00 152,901,870.27
Transfero 0.00 0.00 29,702.98 4,259,625.06 4,
>289,328.04 0.00 0.00 0.00
TOTALS 165,590,000.00 159,527,775.92 835,728.15 10,885,530.71 11,
>721,258.86 0.00 0.00 152,901,870.27
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 963.390156 4.867596 40.013924
> 44.881520 923.376232 5.867500% N/A
Transferor 0.000000 0.179377 25.723927
> 25.903304 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: David M. Arnold
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: November 28, 1997
> Irvine, CA 92714
DISTRIBUTION DATE: December 26, 1997
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1997 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> December 26, 1997
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 68,085.53
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,361.71
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 13,737.11
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 97.50%
>
> THE INVESTED AMOUNT
> 0.00
>
> AGGREGATE BEGINNING POO
>L BALANCE 163,405,263.13
>
> AGGREGATE ENDING POOL B
>ALANCE 157,130,427.53
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 4,259,625.0
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1997 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 152,901,870.27 809,578.24 2,765,133.67 3,
>574,711.91 0.00 0.00 150,136,736.60
Transfero 0.00 0.00 32,948.98 5,525,508.13 5,
>558,457.11 0.00 0.00 0.00
TOTALS 165,590,000.00 152,901,870.27 842,527.22 8,290,641.80 9,
>133,169.02 0.00 0.00 150,136,736.60
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 923.376232 4.889053 16.698675
> 21.587728 906.677557 6.148750% N/A
Transferor 0.000000 0.198979 33.368610
> 33.567589 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: David M. Arnold
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: December 31, 1997
> Irvine, CA 92714
DISTRIBUTION DATE: January 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> January 26, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 65,471.01
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,309.42
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 13,166.55
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 234,040.76 99,585.09 53,087.67 386,713.52 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.1516% 0.0645% 0.0344% 0.2505% 0.0000%
>
> NUMBER OF LOANS
> 11 5 3 19 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 96.09%
>
> THE INVESTED AMOUNT
> 150,985,477.58
>
> AGGREGATE BEGINNING POO
>L BALANCE 157,130,427.53
>
> AGGREGATE ENDING POOL B
>ALANCE 154,365,293.86
>
> OVERCOLLATERALIZATION A
>MOUNT 848,740.98
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 1,916,392.6
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 150,136,736.60 747,465.59 3,396,722.27 4,
>144,187.86 0.00 0.00 146,740,014.33
Transfero 0.00 0.00 34,319.89 4,876,530.77 4,
>910,850.66 0.00 0.00 0.00
TOTALS 165,590,000.00 150,136,736.60 781,785.48 8,273,253.04 9,
>055,038.52 0.00 0.00 146,740,014.33
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 906.677557 4.513954 20.512847
> 25.026800 886.164710 5.781560% N/A
Transferor 0.000000 0.207258 29.449428
> 29.656686 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: David M. Arnold
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: January 30, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: February 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> February 25, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 64,318.87
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,286.38
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 12,928.44
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 0.00 0.00 0.00 0.00 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 0.0000% 0.0000% 0.0000% 0.0000% 0.0000%
>
> NUMBER OF LOANS
> 0 0 0 0 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 95.61%
>
> THE INVESTED AMOUNT
> 147,588,755.31
>
> AGGREGATE BEGINNING POO
>L BALANCE 154,365,293.86
>
> AGGREGATE ENDING POOL B
>ALANCE 150,968,571.59
>
> OVERCOLLATERALIZATION A
>MOUNT 848,740.98
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 2,547,981.2
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 146,740,014.33 686,192.99 5,524,685.57 6,
>210,878.56 0.00 0.00 141,215,328.76
Transfero 0.00 0.00 64,090.10 4,296,366.61 4,
>360,456.71 0.00 0.00 0.00
TOTALS 165,590,000.00 146,740,014.33 750,283.09 9,821,052.18 10,
>571,335.27 0.00 0.00 141,215,328.76
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 886.164710 4.143928 33.363643
> 37.507570 852.801067 5.805000% N/A
Transferor 0.000000 0.387041 25.945810
> 26.332850 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: February 27, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: March 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> March 25, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 62,903.57
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,258.07
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 11,820.72
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 2,297,262. 57,234.89 174,052.81 2,528,550.63 0.00
>
> PERCENTAGE OF POOL BALA
>NCE 1.5753% 0.0392% 0.1194% 1.7339% 0.0000%
>
> NUMBER OF LOANS
> 109 7 17 133 0
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 94.36%
>
> THE INVESTED AMOUNT
> 142,449,549.63
>
> AGGREGATE BEGINNING POO
>L BALANCE 150,968,571.59
>
> AGGREGATE ENDING POOL B
>ALANCE 145,829,365.91
>
> OVERCOLLATERALIZATION A
>MOUNT 1,234,220.8
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 4,290,464.7
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 141,215,328.76 711,648.24 7,811,550.31 8,
>523,198.55 0.00 0.00 133,403,778.45
Transfero 0.00 0.00 75,706.96 4,576,422.52 4,
>652,129.48 0.00 0.00 0.00
TOTALS 165,590,000.00 141,215,328.76 787,355.20 12,387,972.83 13,
>175,328.03 0.00 0.00 133,403,778.45
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 852.801067 4.297652 47.174046
> 51.471698 805.627021 5.867500% N/A
Transferor 0.000000 0.457195 27.637071
> 28.094266 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: March 31, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: April 27, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> April 27, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 60,762.24
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,215.24
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 12,944.74
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 954,253.64 173,562.87 274,687.65 1,402,504.16 33,364.81
>
> PERCENTAGE OF POOL BALA
>NCE 0.6903% 0.1256% 0.1987% 1.0146% 0.0241%
>
> NUMBER OF LOANS
> 60 14 12 86 1
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 92.48%
>
> THE INVESTED AMOUNT
> 134,857,122.61
>
> AGGREGATE BEGINNING POO
>L BALANCE 145,829,365.91
>
> AGGREGATE ENDING POOL B
>ALANCE 138,236,938.89
>
> OVERCOLLATERALIZATION A
>MOUNT 1,453,344.1
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 6,358,206.1
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 133,403,778.45 627,187.67 5,082,823.43 5,
>710,011.10 0.00 0.00 128,320,955.02
Transfero 0.00 0.00 119,369.40 4,899,804.13 5,
>019,173.53 0.00 0.00 0.00
TOTALS 165,590,000.00 133,403,778.45 746,557.07 9,982,627.56 10,
>729,184.63 0.00 0.00 128,320,955.02
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 805.627021 3.787594 30.695232
> 34.482826 774.931789 5.836250% N/A
Transferor 0.000000 0.720873 29.589976
> 30.310849 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: April 30, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: May 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> May 26, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 57,598.72
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,151.97
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 10,746.42
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 1,537,350. 231,118.03 189,968.51 1,958,436.54 33,364.81
>
> PERCENTAGE OF POOL BALA
>NCE 1.1525% 0.1733% 0.1424% 1.4682% 0.0250%
>
> NUMBER OF LOANS
> 78 14 15 107 1
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 94.05%
>
> THE INVESTED AMOUNT
> 130,010,653.18
>
> AGGREGATE BEGINNING POO
>L BALANCE 138,236,938.89
>
> AGGREGATE ENDING POOL B
>ALANCE 133,390,469.46
> OVERCOLLATERALIZATION A
>MOUNT 1,689,698.16
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 3,393,125.2
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 128,320,955.02 623,259.16 4,367,295.87 4,
>990,555.03 0.00 0.00 123,953,659.15
Transfero 0.00 0.00 522,463.20 3,617,111.91 4,
>139,575.11 0.00 0.00 0.00
TOTALS 165,590,000.00 128,320,955.02 1,145,722.36 7,984,407.78 9,
>130,130.14 0.00 0.00 123,953,659.15
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 774.931789 3.763870 26.374152
> 30.138022 748.557637 5.828440% N/A
Transferor 0.000000 3.155162 21.843782
> 24.998944 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: May 29, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: June 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> June 25, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 55,579.36
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,111.59
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 10,693.41
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 2,050,461. 64,472.70 301,276.27 2,416,210.35 66,910.62
>
> PERCENTAGE OF POOL BALA
>NCE 1.5892% 0.0500% 0.2335% 1.8727% 0.0519%
>
> NUMBER OF LOANS
> 96 7 23 126 3
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 94.19%
>
> THE INVESTED AMOUNT
> 125,643,357.31
>
> AGGREGATE BEGINNING POO
>L BALANCE 133,390,469.46
>
> AGGREGATE ENDING POOL B
>ALANCE 129,023,173.59
>
> OVERCOLLATERALIZATION A
>MOUNT 1,689,698.1
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 2,677,597.7
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 123,953,659.15 643,044.04 3,615,555.04 4,
>258,599.08 0.00 0.00 120,338,104.11
Transfero 0.00 0.00 272,387.63 3,961,857.23 4,
>234,244.86 0.00 0.00 0.00
TOTALS 165,590,000.00 123,953,659.15 915,431.67 7,577,412.27 8,
>492,843.94 0.00 0.00 120,338,104.11
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 748.557637 3.883351 21.834380
> 25.717731 726.723257 5.836250% N/A
Transferor 0.000000 1.644952 23.925703
> 25.570656 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: June 30, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: July 27, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> July 27, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 53,759.66
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,075.19
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 11,018.10
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 1,394,620. 32,968.52 179,897.47 1,607,486.10 62,094.16
>
> PERCENTAGE OF POOL BALA
>NCE 1.1121% 0.0263% 0.1435% 1.2818% 0.0495%
>
> NUMBER OF LOANS
> 69 4 13 86 3
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 94.58%
>
> THE INVESTED AMOUNT
> 122,027,802.27
>
> AGGREGATE BEGINNING POO
>L BALANCE 129,023,173.59
>
> AGGREGATE ENDING POOL B
>ALANCE 125,407,618.55
>
> OVERCOLLATERALIZATION A
>MOUNT 1,689,698.1
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 1,925,856.8
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 120,338,104.11 565,760.40 6,284,626.57 6,
>850,386.97 0.00 0.00 114,053,477.54
Transfero 0.00 0.00 329,874.35 3,448,650.65 3,
>778,525.00 0.00 0.00 0.00
TOTALS 165,590,000.00 120,338,104.11 895,634.75 9,733,277.22 10,
>628,911.97 0.00 0.00 114,053,477.54
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 726.723257 3.416634 37.952935
> 41.369569 688.770322 5.836250% N/A
Transferor 0.000000 1.992115 20.826443
> 22.818558 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: July 31, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: August 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> August 25, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 52,253.17
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 1,045.06
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 9,693.90
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 1,850,252. 54,779.56 140,188.00 2,045,219.93 62,094.16
>
> PERCENTAGE OF POOL BALA
>NCE 1.5532% 0.0460% 0.1177% 1.7169% 0.0521%
>
> NUMBER OF LOANS
> 75 7 18 100 3
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 92.29%
>
> THE INVESTED AMOUNT
> 115,743,175.70
>
> AGGREGATE BEGINNING POO
>L BALANCE 125,407,618.55
>
> AGGREGATE ENDING POOL B
>ALANCE 119,122,991.98
>
> OVERCOLLATERALIZATION A
>MOUNT 1,689,698.16
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 4,594,928.4
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
Provident Bank Revolving Home Equity Loan Trust 1997-A
Asset Backed Certificates
Series 1997-A
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Investor 165,590,000.00 114,053,477.54 572,426.93 4,139,943.45 4,
>712,370.38 0.00 0.00 109,913,534.09
Transfero 0.00 0.00 327,560.22 2,813,727.83 3,
>141,288.05 0.00 0.00 0.00
TOTALS 165,590,000.00 114,053,477.54 899,987.15 6,953,671.28 7,
>853,658.43 0.00 0.00 109,913,534.09
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Investor 743844AV4 688.770322 3.456893 25.001168
> 28.458061 663.769153 5.828440% N/A
Transferor 0.000000 1.978140 16.992136
> 18.970276 0.000000 0.000000% 0.000000%
SELLER: The Provident Bank ADMI
>NISTRATOR: Alan T. Sueda
SERVICER: The Provident Bank
> Bankers Trust Company
LEAD UNDERWRITER: Lehman Brothers
> 3 Park Plaza
RECORD DATE: August 31, 1998
> Irvine, CA 92714
DISTRIBUTION DATE: September 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 2
> (c) COPYRIGHT 1998 Bankers Trust Company
> Provident Bank Revolvin
>g Home Equity Loan Trust 1997-A
> Asset Backed Certificat
>es
> Series 1997-A
> Statement To Certific
>ateholders
> Distribution Date:
> September 25, 1998
> TOTAL SERVICING FEES AC
>CRUED FOR THE CURRENT PERIOD: 49,634.58
>
> TRUSTEE FEES PAYABLE TO
> THE TRUSTEE FOR THE CURRENT PERIOD: 992.69
>
> INSURANCE PREMIUM PAYAB
>LE TO THE CERTIFICATE INSURER FOR THE CURRENT PERIOD: 9,821.27
>
> DELINQUENT AND
> LOANS
>
> FORECLOSURE LOAN
> 30-59 60-89 90 + IN
>
> INFORMATION
> DAYS DAYS DAYS TOTAL FORECLOSURE
>
> PRINCIPAL BALANCE
> 1,490,710. 58,042.75 34,905.35 1,583,658.79211,797.30
>
> PERCENTAGE OF POOL BALA
>NCE 1.2965% 0.0505% 0.0304% 1.3773% 0.1842%
>
> NUMBER OF LOANS
> 68 9 23 100 7
>
> INVESTOR FLOATING ALLOC
>ATION PERCENTAGE 93.69%
>
> THE INVESTED AMOUNT
> 111,603,232.25
>
> AGGREGATE BEGINNING POO
>L BALANCE 119,122,991.98
>
> AGGREGATE ENDING POOL B
>ALANCE 114,983,048.53
>
> OVERCOLLATERALIZATION A
>MOUNT 1,689,698.1
>
> CREDIT ENHANCEMENT DRAW
> AMOUNT 2,450,245.2
>
> TRANSFEROR NOTIONAL BAL
>ANCE 3,379,816.2
>
> TRANSFEROR CURRENT PERI
>OD CERTIFICATE INTEREST 56,812.60
>
> AVAILABLE FUNDS REMAINI
>NG TO TRANSFEROR FOR CURRENT PERIOD 270,747.62
>
> BOOK VALUE OF ANY REO P
>ROPERTY 0.00
>
> ACCRUED INVESTOR CERTIF
>ICATE INTEREST SHORTFALL TRACKING :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> INTEREST CURRENT CURRENT INTEREST
>
>
> SHORTFALL PAYMENT SHORTFALL SHORTFALL
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
> UNREIMBURSED INVESTOR L
>OSS REDUCTION AMOUNTS :
>
> BEG UNPAID LESS : PLUS : ENDING UNPA
>
>
> LOSS REDUCTI CURRENT LOSS REDUCTILOSS REDUCT
>
>
> AMOUNT PAYMENT AMOUNT AMOUNT
>
>
> CLASS A 0.00 0.00 0.00 0.00
>
>
> TOTALS : 0.00 0.00 0.00 0.00
>
>
> Page 2 of 2 COPYRIGHT 1998 B
>
ID
ID
ION
ankers Trust Company
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