|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MERCANTILE CREDIT CARD MASTER TRUST, 8-K, 2000-12-29 |
Next: OPPENHEIMER INTERNATIONAL BOND FUND, 24F-2NT, 2000-12-29 |
<PAGE> 1
MONTHLY CERTIFICATEHOLDER'S STATEMENT
MERCANTILE BANK NATIONAL ASSOCIATION
MERCANTILE CREDIT CARD MASTER TRUST SERIES 1995-1
TOTAL YEAR 2000
Under the Amended and Restated Pooling and Servicing Agreement dated as
of May 10, 1995 (the "Master Agreement"), by and between Mercantile Bank
National Association ("Mercantile"), as Seller and Servicer, and Chase
Manhattan Bank, as trustee, as supplemented by the Series 1995-1 Supplement
dated as of May 10, 1995 (the "Supplement," and together with the Master
Agreement, the "Agreement"), between Mercantile and the Trustee, Mercantile,
as Servicer, is required to prepare certain information each year regarding
current distributions to all Series 1995-1 Certificateholders. This relates
to the Distribution Date (the "Distribution Date") and the performance of
the Mercantile Credit Card Master Trust (the "Trust") during the prior Annual
Period (the "Annual Period"). Certain of the information is presented on the
basis of an original principal amount of $1,000 per Series 1995-1
Certificate. Certain other information is presented based on the aggregate
amounts for the Trust as a whole. All capitalized terms used herein shall
have the respective meanings set forth in the Agreement.
<TABLE>
<S> <C>
1) The total amount of the distribution on the Distribution Date per $1,000
original principal amount of the Class A Certificates $857.70
----------------
2) The total amount of the distribution on the Distribution Date per $1,000
original principal amount of the Class B Certificates $1,061.95
----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of
principal per $1,000 original principal amount of the Class A Certificates $833.33
----------------
4) The amount of the distribution set forth in paragraph 2 above in respect of
principal per $1,000 original principal amount of the Class B Certificates $1,000.00
----------------
5) The amount of distribution set forth in paragraph 1 above in respect of
interest per $1,000 original principal amount of the Class A Certificates $24.36
----------------
6) The amount of distribution set forth in paragraph 2 above in respect of
interest per $1,000 original principal amount of the Class B Certificates $61.95
----------------
7) The aggregate principal receivables for the Trust as of the end of the last
day of the annual period $477,821,591
----------------
8) The aggregate receivables for the Trust as of the end of the last day of the
annual period $522,142,274
----------------
9) The aggregate collections for the Trust with respect to the annual period $664,682,798
----------------
10) The aggregate principal collections for the Trust with respect to the
annual period $537,190,538
----------------
11) The aggregate finance charges collections for the Trust with respect to the
annual period $127,492,259
----------------
12) The aggregate purchases made for the Trust with respect to the annual period $533,507,955
----------------
13) The aggregate default of receivables for the Trust with respect to the
annual period $28,130,677
----------------
14) The aggregate credit recoveries for the Trust with respect to the
annual period $1,122,340
----------------
15) The aggregate amount of Collections of Receivables processed for the
annual period which were allocated in respect of the Series 1995-1
Certificates $482,808,019
----------------
16) The aggregate amount of Collections of Principal Receivables processed
during the annual period and allocated in respect of the Series
1995-1 Certificates $429,589,237
----------------
1
<PAGE> 2
MONTHLY CERTIFICATEHOLDER'S STATEMENT
MERCANTILE BANK NATIONAL ASSOCIATION
MERCANTILE CREDIT CARD MASTER TRUST SERIES 1995-1
TOTAL YEAR 2000
17) The aggregate amount of Reallocated Principal Collections with respect to the
annual period $0
----------------
18) The aggregate amount of Collections of Finance Charge Receivables processed
during the annual period and allocated in respect of the Class A Certificates $33,828,614
----------------
19) The aggregate amount of Collections of Finance Charge Receivables processed
during the annual period and allocated in respect of the Class B Certificates $10,205,352
----------------
20) The Principal Percentage(s) during the annual period (Class A) 0.00%
----------------
(Class B) 52.63%
----------------
21) The Floating Allocation Percentage(s) during the annual period (Class A) 21.56%
----------------
(Class B) 7.24%
----------------
22) The aggregate outstanding balances of Accounts that are delinquent as of
the end of the annual period are
(1 - 29 days) $29,291,370
----------------
(30 - 59 days) $12,181,757
----------------
(60 - 89 days) $8,080,439
----------------
(90 - 119 days) $6,244,344
----------------
(120 - 149 days) $5,304,669
----------------
(150 - 179 days) $4,917,136
----------------
(180 or more) $0
----------------
23) The Class A Investor Default Amount for the annual period is $7,249,791
----------------
24) The Class B Investor Default Amount for the annual period is $2,250,616
----------------
25) The aggregate amount of Class A Investor Charge-Offs for the annual
period is $0
----------------
26) The aggregate amount of Class B Investor Charge-Offs for the annual
period is $0
----------------
27) The aggregate amount of Class A Investor Charge-Offs reimbursed on the
Distribution Date is $0
----------------
28) The aggregate amount of Class B Investor Charge-Offs reimbursed on the
Distribution Date is $0
----------------
29) The amount of Class A Servicing Fee for the annual period is $2,475,000
----------------
30) The amount of Class B Servicing Fee for the annual period is $733,333
----------------
31) The Class A Pool Factor as of the Record Date for the Distribution Date 0.0000000
----------------
32) The Class B Pool Factor as of the Record Date for the Distribution Date 0.0000000
----------------
33) The Class A Invested Amount after giving effect to any payments on the
Distribution Date is $0
----------------
34) The Class B Invested Amount after giving effect to any payments on the
Distribution Date is $0
----------------
35) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount after giving effect
to any activity on the Distribution Date is $0
----------------
2
<PAGE> 3
MONTHLY CERTIFICATEHOLDER'S STATEMENT
MERCANTILE BANK NATIONAL ASSOCIATION
MERCANTILE CREDIT CARD MASTER TRUST SERIES 1995-1
TOTAL YEAR 2000
36) The amount, if any, by which the outstanding principal balance of the
Class B Certificates exceeds the Class B Invested Amount after giving effect
to any activity on the Distribution Date is $0
----------------
37) The Available Cash Collateral Amount as of the close of business on the
Distribution Date is $0
----------------
38) The Collateral Invested Amount as of the close of business on the
Distribution Date is $0
----------------
39) The Available Enhancement Amount as of the close of business on the
Distribution Date is $0
----------------
40) The amount by which the Net Portfolio Yield for the prior annual period
exceeds the Base Rate for such annual period 12.9652%
----------------
41) The amount of Interchange with respect to the annual period is $2,552,609
----------------
42) The Deficit Controlled Amortization Amount is $0
----------------
</TABLE>
MERCANTILE BANK NATIONAL ASSOCIATION
as Servicer
By: \s\ John Deibel
--------------------------------
3
|
|