WEST COAST BANCORP AND SUBSIDIARIES

                     U.S. Securities And Exchange Commission

                             Washington, D.C. 20549


                                   FORM 10-QSB


           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                  For the quarterly period ended June 30, 2000



             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE

                                  EXCHANGE ACT

                    For the transition period from N/A to N/A

                         COMMISSION FILE NUMBER: 0-10897


                               WEST COAST BANCORP

                     (Exact name of small business issuer as
                            specified in its charter)

                              CALIFORNIA 95-3586860
                   (State or other jurisdiction (IRS Employer
              of incorporation or organization) Identification No.)


                               535 E. FIRST STREET
                          Tustin, California 92780-3312

                    (Address of principal executive offices)


                                 (714) 730-4499


              (Registrant's telephone number, including area code)

                                       N/A

              (Former name, former address, and former fiscal year,
                          if changed since last report)

     Check whether the issuer (1) filed all reports required to be filed by
 Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
 shorter period that the registrant was required to file such reports), and (2)
       has been subject to such filing requirements for the past 90 days.

                                    YES X NO

                                     --- ---

              Number of shares outstanding of each of the issuer's

                  classes of common equity as of July 31, 2000:

                                    9,328,942


             Transitional Small Business Disclosure Format Yes No X

                                      -- --


                   This document contains a total of 19 pages.

<PAGE>


                         PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS


                       WEST COAST BANCORP AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                       (in thousands, except share data)
<TABLE>
<CAPTION>


                                                          June 30,  December 31,
                                                            2000        1999
                                                        (Unaudited)
                                                        ------------------------

ASSETS

<S>                                                      <C>          <C>

Cash and due from banks ..............................   $  11,106    $   5,574
Federal funds sold ...................................          --        6,250
Investment securities available-for-sale
     at fair value ...................................      46,147       39,492
Loans ................................................     132,731      133,008
Less allowance for loan losses .......................      (2,472)      (2,457)
                                                         ---------    ---------
     Net loans .......................................     130,259      130,551
                                                         ---------    ---------
Real estate owned, net ...............................          13          502
Premises and equipment, net ..........................         876        1,041
Deferred taxes .......................................       1,682        1,976
Other assets .........................................       1,498        1,437
                                                         ---------    ---------
                                                         $ 191,581    $ 186,823
                                                         =========    =========

LIABILITIES
Deposits:


     Demand, non interest-bearing ....................   $  61,933    $  53,723
     Savings, money market & interest-bearing demand .      51,540       50,738
     Time certificates under $100,000 ................      16,758       22,273
     Time certificates of $100,000 or more ...........      29,933       31,912
                                                         ---------    ---------
     Total deposits ..................................     160,164      158,646

Federal Home Loan Bank borrowings ....................      10,000        8,000
Other borrowed funds .................................         517          541
Capital lease obligation .............................          81          158
Other liabilities ....................................       1,821        1,516
                                                         ---------    ---------
     Total liabilities ...............................     172,583      168,861

Commitments and contingencies

Minority interest in subsidiary ......................       8,525        8,045
                                                         ---------    ---------

SHAREHOLDERS' EQUITY
Common stock, no par value - 30,000,000

     shares authorized, 9,328,942 shares
     issued and outstanding in 2000 and 1999 .........      30,351       30,351
Accumulated deficit ..................................     (18,975)     (19,737)
Accumulated other comprehensive income - net of tax ..        (903)        (697)
                                                         ---------    ---------
     Total shareholders' equity ......................      10,473        9,917
                                                         ---------    ---------
                                                         $ 191,581    $ 186,823
                                                         =========    =========
</TABLE>




          (See accompanying notes to consolidated financial statements)

<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                         CONSOLIDATED INCOME STATEMENTS
                                  (Unaudited)

                       (in thousands, except share data)

<TABLE>
<CAPTION>

                                             Three Months Ended Six Months Ended
                                                   June 30,         June 30,
                                                 2000    1999     2000     1999
                                             -----------------------------------
INTEREST INCOME:
<S>                                            <C>      <C>      <C>      <C>

Loans, including fees ......................   $3,265   $2,770   $6,545   $5,377
Federal funds sold .........................        4        2        6       39
Investment securities ......................      865      506    1,666    1,012
                                               ---------------------------------
     Total interest income .................    4,134    3,278    8,217    6,428

INTEREST EXPENSE:
Interest on deposits .......................      989      687    1,949    1,381
Other ......................................      172       84      331      150
                                               ---------------------------------
     Total interest expense ................    1,161      771    2,280    1,531
                                               ---------------------------------
     Net interest income ...................    2,973    2,507    5,937    4,897

Provision for loan losses ..................       --       --       --       --
                                               ---------------------------------
     Net interest income after
     provision for loan losses .............    2,973    2,507    5,937    4,897

Other operating income .....................      223      407      453      664
Other operating expenses ...................    2,043    1,974    3,949    3,944
Minority interest in net income
  of subsidiary ............................      302      394      638      673
                                               ---------------------------------
     Income before income taxes ............      851      546    1,803      944

Income tax expense .........................      498       71    1,041      131
                                               ---------------------------------

     Net income ............................   $  353   $  475   $  762   $  813
                                               =================================

Basic and diluted earnings per share .......   $  .04   $  .05   $  .08   $  .09
                                               =================================


</TABLE>





          (See accompanying notes to consolidated financial statements)



<PAGE>



                       WEST COAST BANCORP AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
                                   (Unaudited)

<TABLE>
<CAPTION>

                                             Three Months Ended  Six Months Ended
                                                   June 30,          June 30,
(in thousands)                                  2000     1999     2000     1999
                                              -----------------------------------
<S>                                            <C>      <C>       <C>      <C>
Net income .................................   $ 353    $ 475     $ 762    $ 813

Other comprehensive income, net of tax:
  Unrealized loss on
  available-for-sale investments
  arising during period ....................    (101)    (135)     (206)    (147)
                                               ----------------------------------

Other comprehensive loss ...................    (101)    (135)     (206)    (147)
                                               ----------------------------------

Comprehensive income .......................   $ 252    $ 340     $ 556    $ 666
                                               ==================================

</TABLE>





          (See accompanying notes to consolidated financial statements)



<PAGE>



                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CHANGES IN
                       SHAREHOLDERS' EQUITY AND CASH FLOWS
                                   (Unaudited)

           CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
<TABLE>
<CAPTION>

                                                   Accumulated
                                 Common Stock         Other                    Share-
                                 --------------   Comprehensive  Accumulated   holders'
(in thousands)                   Shares  Amount      Income      Deficit       Equity
                                 ------------------------------------------------------
<S>                              <C>     <C>         <C>        <C>           <C>

Balance at December 31, 1999     9,329   $30,351     $  (697)   $  (19,737)   $   9,917
Net income .................        --        --          --           762          762
Change in net unrealized
  loss on available-for-sale
  investments ..............        --        --        (206)           --         (206)
                                 ------------------------------------------------------
Balance at June 30, 2000 ...     9,329   $30,351     $  (903)   $  (18,975)   $  10,473
                                 ======================================================

</TABLE>






CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
<TABLE>
<CAPTION>
                                                                                   Six Months Ended
                                                                                        June 30,
                                                                                    2000          1999
                                                                                  --------------------
Cash flows from operating activities:
<S>                                                                                <C>       <C>
Net income .....................................................................   $   762   $   813
Adjustments to reconcile net income to net
  cash provided by operating activities:
  Depreciation and amortization ................................................       262       147
  Amortization and accretion from investment securities.........................        27       112
  Minority interest in net income of subsidiary ................................       638       673
Write-down of real estate owned ................................................        29        13
Decrease (increase) in other assets ............................................       532       (52)
Increase (decrease) in other liabilities .......................................       305       (27)
                                                                                    ----------------
Net cash provided by operating activities ......................................     2,555     1,679


</TABLE>



          (See accompanying notes to consolidated financial statements)


<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                    Six Months Ended
                                                                                        June 30,
(in thousands)                                                                      2000         1999

<S>                                                                                <C>        <C>
Cash flows from investing activities: ..........................................
   Proceeds from maturities and paydowns of investment securities
     available-for-sale ........................................................      1,202       2,607
   Purchase of investment securities available-for-sale ........................     (8,642)        (53)
   Net decrease (increase) in loans ............................................        292     (21,490)
   Proceeds from sales of real estate owned ....................................        554          --
   Purchase of premises and equipment ..........................................        (96)       (255)
                                                                                   ---------------------
   Net cash used in investing activities .......................................     (6,690)    (19,191)


Cash flows from financing activities:


   Net increase in deposits ....................................................      1,518      11,725
   Principal payments on other borrowed funds ..................................        (24)        (24)
   Repayment of capital lease obligation .......................................        (77)        (46)
   Borrowed funds from Federal Home Loan Bank ..................................      2,000       4,000
   Stock options exercised .....................................................         --          77
                                                                                   --------------------
   Net cash  provided by financing activities ..................................      3,417      15,732
                                                                                   --------------------
Decrease in cash and cash equivalents ..........................................       (718)     (1,780)

Cash and cash equivalents at beginning of year .................................     11,824      13,834
                                                                                   --------------------
Cash and cash equivalents at end of year .......................................   $ 11,106    $ 12,054
                                                                                   ====================


Supplemental  disclosures of cash flow information:  Cash paid during the period
   for:


     Interest ..................................................................   $  2,221    $  1,532
     Income taxes ..............................................................        250          95


Supplemental schedule of non-cash investing and financing activities:

     Transfer of loans to REO ..................................................   $    --     $    131


</TABLE>




          (See accompanying notes to consolidated financial statements)



<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2000
                                  (Unaudited)

(1)      BASIS OF PRESENTATION


         The   unaudited   consolidated   financial   statements   reflect   all
         adjustments,  consisting  primarily  of normal  recurring  adjustments,
         which  are,  in  the  opinion  of  management,  necessary  for  a  fair
         presentation  of the results of  operations  for the  interim  periods.
         Results for the three and six month periods ended june 30, 2000 are not
         necessarily  indicative  of results  that may be expected for any other
         interim  period,   or  for  the  year  as  a  whole.   All  significant
         intercompany balances have been eliminated.  These financial statements
         should be read in conjunction  with the Company's form 10KSB filed with
         the Securities and Exchange Commission.

         On February 29, 1996,  West Coast  Bancorp  ("West  Coast") and Sunwest
         Bank ("Sunwest")  entered into an agreement with Western  Acquisitions,
         L.L.C.  ("Western"),  an affiliate of Hovde  Financial,  Inc., for West
         Coast to sell 35  existing  shares of Sunwest  for  $2,520,000  and for
         Sunwest to issue and sell 15 new shares for  $1,051,000.  On  September
         13,  1996,  the sale closed.  West Coast and Western own  approximately
         56.5% and 43.5% of Sunwest, respectively.

(2)      RECENT ACCOUNTING PRONOUNCEMENTS

         In June 1998, the FASB issued SFAS No. 133,  "Accounting for Derivative
         Instruments and Hedging Activities." SFAS No. 133 requires companies to
         record  derivatives  on the  balance  sheet as assets  or  liabilities,
         measured at fair value.  Gains or losses  resulting from changes in the
         values of those derivatives would be accounted for depending on the use
         of the  derivative and whether it qualifies for hedge  accounting.  The
         key  criterion for hedge  accounting  is that the hedging  relationship
         must be highly effective in achieving  offsetting changes in fair value
         or cash flows.  In June 1999, the FASB issued SFAS No. 137  "Accounting
         for  Derivative  Instruments  and  Hedging  Activities-Deferral  of the
         Effective  Date of FASB Statement No. 133" which deferred the effective
         date of SFAS No. 133 until fiscal years  beginning after June 15, 2000.
         Management  believes  that the adoption of SFAS No. 133 will not have a
         material  impact on the  Company's  results of  operations or financial
         position when adopted.

         In  October  1998,  the FASB  issued  SFAS  No.  134,  "Accounting  for
         Mortgage-Backed   Securities   Retained  after  the  Securitization  of
         Mortgage Loans Held for Sale by a Mortgage  Banking  Enterprise."  SFAS
         No. 134 amends SFAS No. 65,  "Accounting for Certain  Mortgage  Banking
         Activities," which establishes  accounting and reporting  standards for
         certain   activities  of  mortgage   banking   enterprises   and  other
         enterprises  that conduct  operations that are  substantially  similar.
         SFAS No. 134 requires that after the  securitization  of mortgage loans
         held for  sale,  the  resulting  mortgage-backed  securities  and other
         retained  interests  should be classified  in accordance  with SFAS No.
         115,   "Accounting   for  Certain   Investments   in  Debt  and  Equity
         Securities,"  based on the company's ability and intent to sell or hold
         those  investments.  SFAS No.  134 is  effective  for the first  fiscal
         quarter beginning after December 15, 1998. The adoption of SFAS No. 134
         did not have a material  impact on the Company's  results of operations
         or financial position.


(3)      EARNINGS PER SHARE

         The following is a reconciliation  of basic earnings per share (EPS) to
         diluted EPS for the six and three month periods ended June 30, 2000 and
         1999.
<TABLE>
<CAPTION>

(dollars and shares in thousands)

                         Six Months Ended             Six Months Ended
                          June 30, 2000                June 30, 1999
                      -----------------------------------------------------
                      Net              Per Share   Net            Per Share
                      Income   Shares  Amount      Income Shares  Amount
                      -----------------------------------------------------
<S>                    <C>     <C>     <C>        <C>      <C>     <C>

Basic EPS:
Income available to
 common shareholders   $ 762   9,329   $  .08     $ 813    9,271   $   .09
Effect of dilutive
 securities:
Stock options             --       6       --        --       13        --
                       ---------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions .......   $ 762   9,335    $ .08      $ 813   9,284   $   .09
                       ===================================================
</TABLE>

<TABLE>
<CAPTION>

                       Three Months Ended         Three Months Ended
                         June 30, 2000               June 30, 1999
                      ---------------------------------------------------
                      Net           Per Share    Net            Per Share
                      Income  Shares  Amount     Income Shares   Amount
                      ---------------------------------------------------
<S>                   <C>      <C>     <C>       <C>     <C>     <C>

Basic EPS:
Income available to
 common shareholders   $ 353   9,329   $   .04   $ 475   9,282   $   .05
Effect of dilutive
 securities:
Stock options            --        4        --      --      24        --
                       -------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions .......   $ 353   9,333   $  .04    $ 475   9,306   $   .05
                       =================================================


</TABLE>

<PAGE>


 (4)     LOANS


         A summary of loans follows:

<TABLE>
<CAPTION>

                                               June 30,    December 31,
         (in thousands)                          2000          1999
                                              ------------------------
<S>                                           <C>            <C>
Commercial loans not secured by real estate   $  40,332      $  42,162
Real estate mortgage loans ................      87,843         87,548
Real estate construction ..................       1,800          1,957
Personal loans not secured by real estate .       3,087          1,698
Unearned income, discounts and fees .......        (331)          (357)
                                              ------------------------
                                              $ 132,731      $ 133,008
                                              ========================
</TABLE>


(5)      OTHER OPERATING INCOME

         A summary of other operating income follows:
<TABLE>
<CAPTION>

                            Three Months Ended   Six Months Ended
                                June 30,              June 30,
(in thousands)               2000     1999         2000      1999
                             ------------------------------------
<S>                          <C>      <C>          <C>       <C>
Depositor charges .......... $185     $205         $381      $370
Service charges, commissions
  & fees ...................   31       38           60        81
Other income ...............    7      164           12       213
                             ------------------------------------
                             $223     $407         $453      $664
                             ====================================
</TABLE>


(6)      OTHER OPERATING EXPENSES

         A summary of other operating expenses is as follows:
<TABLE>
<CAPTION>

                                  Three Months Ended    Six Months Ended
                                       June 30,             June 30,
         (in thousands)            2000       1999       2000      1999
                                  ---------------------------------------
<S>                               <C>        <C>       <C>        <C>
Salaries and employee benefits    $ 1,017    $   932   $ 1,952    $ 1,914
Occupancy .....................       281        205       487        371
Customer service ..............       224        157       413        315
Data processing ...............       139        143       283        282
Depreciation and amortization .       130         76       261        147
Professional services .........        94        150       172        354
Advertising and promotion .....        47         67        82        136
Stationery and supplies .......        29         37        49         65
Telephone and telefax .........        21         28        44         52
Printing & postage ............        19         27        37         53
Collection ....................        19          9        19         15
Insurance .....................        18         10        18         19
Regulatory fees and assessments        13          9        27         17
Net cost of operation of REO ..      (112)        23      (103)        28
Miscellaneous .................       104        101       208        176
                                  ---------------------------------------
                                  $ 2,043    $ 1,974   $ 3,949    $ 3,944
                                  =======================================
</TABLE>
<PAGE>

PART I

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS


The following presents management's  discussion and analysis of the consolidated
financial  condition and operating  results of West Coast Bancorp (as a separate
entity "West Coast" and together with its  subsidiaries  the  "Company") for the
three and six month periods ended June 30, 2000 and 1999. The discussion  should
be read in  conjunction  with the  Company's  unaudited  consolidated  financial
statements and the notes thereto appearing elsewhere in this report.

Certain  statements  in this  Report  on Form 10-Q  constitute  "forward-looking
statements"  under the Private  Securities  Litigation Act of 1995 which involve
risk and  uncertainties.  The Company's actual results may differ  significantly
from the results  discussed in such  forward  looking  statements.  Factors that
might  cause  such  a  difference  include  but  are  not  limited  to  economic
conditions,  competition  in the  geographic  and  business  areas in which  the
Company conducts its operations,  fluctuations in interest rates, credit quality
and government regulation.  For additional information concerning these factors,
see "Item 1. Business - Summary of Business  Considerations  and Certain Factors
that May Affect Future  Results of Operations  and/or Stock Price"  contained in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 1999.

GENERAL

The Company  recorded net income of $353,000 and $762,000,  or $.04 and $.08 per
share,  during the three and six month  periods ended June 30, 2000, as compared
with income of $475,000  and  $813,000,  or $.05 and $.09 per share,  during the
same  respective  periods  in 1999.  The 2000  figures  include  the  effects of
recording a tax  provision of $498,000 and  $1,041,000  during the three and six
month  periods of 2000  compared  to $71,000 and  $131,000  in 1999.  The higher
pretax income in 2000 versus 1999 occurred  primarily because Sunwest had higher
earnings in 2000.  Sunwest's higher earnings were primarily due to growth in net
interest income and fees from growth in assets and deposits.

The Company had total assets, loans and deposits as follows:
<TABLE>
<CAPTION>

               June 30,     December 31,  June 30,   December 31,
                 2000         1999          1999         1998
(in thousands) -------------------------------------------------
<S>            <C>          <C>           <C>          <C>
Total assets   $191,581     $186,823      $170,714     $153,784
Loans ......    132,731      133,008       130,681      109,547
Deposits ...    160,164      158,646       145,464      133,739
</TABLE>


The $21 million  increase in total  assets from June 30, 1999 to June 30,  2000,
occurred  primarily due to a $20 million  increase in  investment  securities at
Sunwest.  The  increase  in assets was funded by an  increase in deposits of $15
million,  an  increase in  borrowings  and other  liabilities  of $4 million and
earnings of $2 million.  Deposits increased as a result of marketing efforts and
due to the expanding economy in Orange County, California.  Loan growth has been
hampered  by a larger than normal  number of loan  payoffs  during the first six
months of 2000. Lower loan growth can reduce net interest income growth as funds
are invested in lower yielding securities.



<PAGE>



RESULTS OF OPERATIONS

NET INTEREST INCOME

The  increase in net  interest  income in 2000  resulted  primarily  from higher
volumes of interest earning assets.  The improved mix of interest earning assets
and deposits  favorably  impacted net interest income.  Average interest earning
assets increased $31 million,  or 21% in the first three months of 2000 compared
to 1999 and increased $30 million,  or 20% in the six months ended june 30, 2000
compared to the same period in 1999.

The net interest margin (yield on interest  earning assets less the rate paid on
interest  bearing  liabilities)  declined 31 basis points and 13 basis points in
the three  months  and six  months  ended  June 30,  2000  compared  to the same
respective  periods  in 1999.  The net yield on  interest  earning  assets  (net
interest income divided by average earning assets)  decreased 10 basis points in
the second  quarter of 2000 but  maintained an increase of 5 basis points in the
first six months of 2000 as  compared  to the same  periods in 1999.  This was a
result of an  increase in the general  level of interest  rates  during the past
year  offset  in part by a shift  in the mix of  earning  assets  and  deposits.
Increases in interest rates on interest-bearing liabilities were higher than the
increase in interest  rates on earning  assets.  Loan yields were  significantly
impacted by an increase in the "prime  rate" of 175 basis  points from the prior
year.

The yield on interest earning assets  increased  primarily due to an increase in
loan yields of 38 basis  points and 42 basis  points in the three and six months
of 2000,  respectively  as compared to the same periods in 1999. This was caused
by the  increase in the prime rate noted  above,  offset in part by  competitive
pressures  on loan  yields in the  Company's  markets.  The yield on  investment
securities  has increased as a result of higher  interest rates and investing in
corporate   bonds   and   extending   maturities.   The   unrealized   loss   on
available-for-sale  investments  has  increased  as a result of higher  interest
rates.

Interest expense  increased in 2000 as a result of increased  volumes and higher
interest rates. Average interest-bearing liabilities increased by $22 million in
the three and six months of 2000 as  compared to the same  periods in 1999.  The
rates paid on  interest-bearing  liabilities  increased  72 basis  points and 66
basis  points for the second  quarter and first six months from year ago levels.
This was due to increases in overall interest rate levels. In addition,  average
Federal Home Loan Bank  borrowings as a percentage  of average  interest-bearing
liabilities  increased  from 3% in 1999 to 8% in the first six  months and 4% in
1999  to 9%  in  2000  for  the  second  quarter.  The  Company's  deposits  are
concentrated in low and noninterest-bearing transaction accounts that are not as
sensitive to interest rate changes as the Company's interest earning assets are.
However,  asset  growth  over the past year has  relied  to a greater  extent on
increases in borrowed funds with higher rates,  thereby increasing the rate paid
on interest-bearing liabilities.
<PAGE>



The following table sets forth the Company's  average balance sheets,  yields on
earning assets, rates paid on interest-bearing liabilities, net interest margins
and net yields on  interest-earning  assets for the three and six month  periods
ended June 30, 2000 and 1999 (dollars in millions):
<TABLE>
<CAPTION>

                                                  Three months ended June 30,
                                                    2000                  1999
                                              Average     Yields/   Average  Yields/
                                              Balance     Rates     Balance  Rates
                                           ----------------------------------------
ASSETS
<S>                                         <C>        <C>     <C>           <C>
Loans, net of unearned income,
     discounts and fees .................   $   135.2   9.66%  $ 119.5        9.28%
Investment securities ...................        46.2   7.49      31.2        6.48
Federal funds sold ......................          .3   6.13       0.2        4.82
                                            ---------------------------------------
Total interest earning assets ...........       181.7   9.10     150.9        8.69

Allowance for loan losses ...............        (2.5)            (2.4)
Cash and due from banks .................        10.6             10.1
Other assets ............................         4.0              3.7
                                            ---------------------------------------
                                            $   193.8          $ 162.3
                                            =======================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits ..........................    $    51.0   5.52%  $  42.2        4.68%
Interest-bearing demand deposits .......         47.2   2.30      39.6        1.81
Savings deposits .......................          4.6   1.27       4.8        1.33
FHLB borrowings ........................          9.6   6.12       3.4        4.92
Other debt .............................           .6  15.79       1.0       19.66
                                            ---------------------------------------
Total interest-bearing liabilities .....        113.0   4.11      91.0        3.39

Demand deposits ........................         60.2             52.9
Other liabilities ......................          1.7              1.4
Minority interest ......................          8.4              7.5
Shareholders' equity ...................         10.5              9.5
                                            ---------------------------------------
                                            $   193.8          $ 162.3
                                            =======================================

Net interest margin ...................                 4.99%                 5.30%
Net yield on interest earning assets ..                 6.55                  6.65
</TABLE>

<PAGE>


<TABLE>
<CAPTION>
                                             Six months ended June 30,
                                              2000              1999
                                         Average  Yields/ Average   Yields/
                                        Balance   Rates   Balance   Rates
                                      ----------------------------------------
ASSETS
<S>                                    <C>        <C>     <C>           <C>
Loans, net of unearned income,
     discounts and fees ............   $   134.7   9.72%  $  115.6       9.30%
Investment securities ..............        44.4   7.51       31.8       6.37
Federal funds sold .................          .2   5.34        1.6       4.84
                                       ---------------------------------------
Total interest earning assets ......       179.3   9.17      149.0       8.63

Allowance for loan losses ..........        (2.5)             (2.3)
Cash and due from banks ............         9.9              10.2
Other assets .......................         4.5               4.0
                                        --------------------------------------
                                        $  191.2         $   160.9
                                        ======================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits ......................    $   51.6   5.41% $   41.7       4.74%
Interest-bearing demand deposits ...        46.3   2.25      40.2       1.78
Savings deposits ...................         4.9   1.27       4.8       1.44
FHLB borrowings ....................         9.0   6.12       2.7       4.94
Other debt .........................          .7  16.66       1.0      19.38
                                        --------------------------------------
Total interest-bearing liabilities .       112.5   4.05      90.4       3.39

Demand deposits ....................        58.4             52.1
Other liabilities ..................         1.7              1.3
Minority interest ..................         8.2              7.4
Shareholders' equity ...............        10.4              9.7
                                        --------------------------------------
                                        $  191.2        $   160.9
                                        ======================================
Net interest margin ................               5.11%                5.24%
Net yield on interest earning assets               6.62                 6.57
</TABLE>

<PAGE>


The increases (decreases) in interest income and expense and net interest income
resulting from changes in average assets, liabilities and interest rates for the
2000 versus 1999 periods are summarized as follows (in thousands):
<TABLE>
<CAPTION>

                       Three Months Ended June 30,   Six Months Ended June 30,
                       --------------------------------------------------------
                        Asset/    Interest          Asset/     Interest
                        Liability Rate              Liability  Rate
                        Changes   Changes  Total    Changes    Changes   Total
                        -------------------------------------------------------
<S>                     <C>       <C>      <C>      <C>       <C>        <C>
Changes in:
     Interest income    $  649    $  207   $  856   $1,331    $  458     $1,789
     Interest expense      236       154      390      484       265        749
                        -------------------------------------------------------
Net interest income .   $  413    $   53   $  466   $  847    $  193     $1,040
                        =======================================================
</TABLE>


Loans on which the accrual of interest  had been  discontinued  at June 30, 2000
and 1999 amounted to $467,000 and $1,122,000,  respectively.  If these loans had
been current  throughout  their terms,  it is estimated that net interest income
would have increased by approximately  $19,000 and $32,000 in the second quarter
of 2000 and 1999, respectively. This would have raised the net yield on interest
earning assets and the net interest  margin by  approximately 5 basis points and
11 basis points during the second quarter of 2000 and 1999, respectively.

NONPERFORMING ASSETS AND PROVISION FOR LOAN LOSSES

The  following  table  summarizes  the activity in the allowance for loan losses
during the periods indicated (in thousands):
<TABLE>
<CAPTION>

                                    Three Months Ended      Six Months Ended
                                      June 30,                  June 30,
                                        2000   1999        2000         1999
                                     -----------------------------------------
<S>                                   <C>        <C>       <C>        <C>
Allowance for loan losses
     balance at beginning of period   $ 2,468    $ 2,375   $ 2,457    $ 2,444
Charge-offs .......................       (17)        --       (17)       (93)
Recoveries ........................        21         74        32         98
                                      ----------------------------------------
Net recoveries ....................         4         74        15          5

Provision for loan losses .........        --         --        --         --
                                      ----------------------------------------
Allowance for loan losses
     balance at end of period .....   $ 2,472    $ 2,449   $ 2,472    $ 2,449
                                      ========================================
</TABLE>

All the above  charge-offs  and recoveries  were at Sunwest.  The net recoveries
during the three and six months ended June 30, 2000,  were  primarily the result
of improved asset quality.


<PAGE>


Management  believes  that the  allowance  for loan  losses at June 30,  2000 of
$2,472,000 or 1.86% of loans was adequate to absorb known and inherent  risks in
the  Company's  loan  portfolio.  The ultimate  collectibility  of a substantial
portion of the Company's loans, as well as its financial condition,  is affected
by  general  economic  conditions  and the real  estate  market  in  California.
California has experienced,  and may continue to experience,  volatile  economic
conditions.  These conditions have adversely affected certain borrowers' ability
to repay loans.  While  Southern  California  and Orange County  economies  have
exhibited  positive  trends for several  years,  there is no assurance that such
trends will continue.  A deterioration in economic  conditions could result in a
deterioration  in  the  quality  of  the  loan  portfolio  and  high  levels  of
nonperforming  assets,  classified  assets and charge-offs,  which would require
increased  provisions for loan losses and would  adversely  affect the financial
condition and results of operations of the Company.


A summary of nonperforming assets follows (dollars in thousands):
<TABLE>
<CAPTION>


                         June 30, December 31,   June 30, December 31,
                           2000      1999         1999        1998
                         -------------------------------------------
<S>                       <C>       <C>          <C>         <C>

Nonaccrual loans ......   $  467    $  505       $1,122      $1,360
Loans 90 days past due
     and still accruing       --        --           --           1
                          -----------------------------------------
Nonperforming loans ...      467       505        1,122       1,361
Real estate owned .....       13       502          876         528
                          -----------------------------------------
Nonperforming assets ..   $  480    $1,007       $1,998      $1,889
                          =========================================

Nonperforming loans/

    Total loans .......      .35%     .38%         .86%       1.24%
Nonperforming assets/
    Total assets ......      .25%     .54%        1.17%       1.23%
                           ========================================
</TABLE>


Nonperforming  assets have declined  approximately  $1,409,000 from December 31,
1998.  The  decrease is due  primarily  to the sale of real estate owned and one
loan placed on  nonaccrual in the second  quarter of 1998 that was  subsequently
repaid in 1999 and one real estate owned that was sold in the second  quarter of
2000.

Impaired  loans have not  changed  significantly  from the  amounts  reported at
December 31, 1999.

Restructured  loans that were performing  substantially in accordance with their
modified terms totaled $2.0 million at June 30, 2000. No restructured loans were
on nonaccrual status at June 30, 2000.


OTHER OPERATING INCOME


Other  operating  income declined by $184,000 and $211,000 for the three and six
months ended June 30, 2000, as compared with the same periods in 1999, primarily
as a result of lower other income.  Other income includes recoveries of interest
on loans on nonaccrual in prior years of $155,000 and $200,000 for the three and
six month periods ended June 30, 1999,  respectively.  See note (5) of the notes
to consolidated financial statements.


<PAGE>



OTHER OPERATING EXPENSES


Other  operating  expenses  increased  $69,000  and  $5,000 in the three and six
months  ended June 30,  2000 from the same  periods in 1999.  The  increase  was
primarily attributed to the increase in the Occupancy and Depreciation  expenses
which  increased  $130,000 or 46.3% and  $230,000 or 44.4% for the three and six
months of 2000,  respectively,  as  compared  to the same  periods in 1999.  The
increase was partially  offset by professional  services  expense which declined
$56,000 and $182,000 for the three and six month periods in 2000.  Approximately
$90,000  of the  decline  in the first  six  months  was the  result of hiring a
consulting firm to conduct a profit improvement study in 1999.  Moreover, a gain
of $119,000 on the sale of REO was realized in the second  quarter of 2000. As a
result, the increase in Other Operating Expenses was slightly reduced.  See note
(6) of the notes to  consolidated  financial  statements.  Total other operating
expenses  expressed in dollars and as a percentage of total revenues and average
assets follows (dollars in thousands):

<TABLE>
<CAPTION>

                                          Three Months Ended         Six Months Ended
                                                June 30,                 June 30,
                                            2000        1999         2000      1999
                                      -----------------------------------------------
<S>                                   <C>           <C>          <C>         <C>

Other operating expenses ............ $     2,043   $   1,974    $   3,949   $   3,944
Other operating expenses
     (annualized)/average assets ....       4.22%       4.87%        4.13%       4.90%
Other operating expenses/net interest
     income and other operating income      63.9%       67.7%        61.8%       70.9%
                                      ================================================
</TABLE>

The other operating expense ratios declined as a result of expenses growing at a
slower rate than assets and revenue;  however, as the Company grows it is likely
that operating expenses will also increase.  The Company is currently  assessing
its  facilities  needs in light  of its  expected  future  growth  and  possible
expansion  into other areas of Orange County.  Although no  commitments  for new
facilities  have  been  made,  it  is  likely  that  additional  investments  in
facilities will be made during 2000.

Year 2000 Compliance

During  1999,  the  Company  completed  its plan to  address  the year 2000 date
change.  The Company has not  experienced  any  failures or  disruptions  in its
systems since the date change and does not anticipate  any date change  problems
in the future.  However,  management  will continue to monitor,  throughout  the
year,  its systems and  interactions  with  vendors,  customers  and other third
parties to ensure that all systems continue to function  properly.  The costs of
the year 2000  project  through June 30, 2000  totaled  approximately  $216,000.
These costs include  equipment and software  purchased that are being  amortized
for up to five years.  Internal and external costs specifically  associated with
modifying  internal-use software for the year 2000 were expensed as incurred. No
future expenditures are currently anticipated.

INCOME TAXES


The Company  recognized  income tax expense of $498,000 and $71,000,  during the
three  month  periods  ended June 30,  2000 and 1999,  respectively.  Income tax
expense of $1,041,000 and $131,000 were recognized  during the six month periods
ended June 30, 2000 and 1999, respectively. Income tax expense is higher in 2000
due to higher earnings and due to Sunwest fully  recognizing the benefits of its
net operating tax loss carryforwards for financial statement  purposes.  Sunwest
began  recording  income tax expense at the rate of 41.25% in the fourth quarter
of 1999.



<PAGE>



LIQUIDITY

The Company

Liquidity,  as it relates to banking,  represents the ability to obtain funds to
meet loan commitments and to satisfy demand for deposit withdrawals.


The principal sources of funds that provide liquidity for Sunwest are maturities
of investment securities and loans, collections on loans, increased deposits and
temporary  borrowings.  The  Company's  liquid  asset  ratio  (the  sum of cash,
investments  available-for-sale,  excluding  pledged amounts,  and Federal funds
sold  divided by total  assets) was 17% at June 30, 2000 and 17% at December 31,
1999.  The  Company  believes it has  sufficient  liquid  resources,  as well as
available credit facilities, to enable it to meet its operating needs.


THE PARENT COMPANY

West Coast's sources of liquidity are limited. West Coast has relied on sales of
assets and borrowings from officers/directors as sources of liquidity. Dividends
from  subsidiaries  ordinarily  provide a source of  liquidity to a bank holding
company.  Sunwest  is  prohibited  from  paying  cash  dividends  without  prior
regulatory consent.


During  the first six months of 2000 West Coast did not  receive  any  dividends
from its subsidiaries. West Coast does not currently expect to receive dividends
from its subsidiaries during 2000.

At June 30,  2000,  West  Coast had cash and  short  term  investments  totaling
$221,000. No significant cash receipts are expected for the remainder of 2000.

West Coast anticipates cash expenditures  during 2000 to consist of debt service
payments and other operating expenses. West Coast has a note payable of $375,000
due to its Chairman on November 30, 2000. At this time management  believes that
the  maturity  date will be extended  or the note  exchanged  for common  stock;
however,  no  amendments  have yet been made to the note.  Except  for the final
payment  on the note  payable,  West  Coast's  projected  debt  service  for the
remainder  of 2000 is expected to total  $37,000.  West Coast  anticipates  that
other operating  expenses will be approximately  $54,000 during the remainder of
2000.   Funds  to  meet  cash  needs  will  come  from  current  cash  resources
supplemented by sales of assets and possibly dividends from Sunwest.


CAPITAL RESOURCES AND DIVIDENDS


The Company had a 12.53%,  13.79% and 10.40% Tier 1  risk-based  capital,  total
risk-based  capital and leverage ratio at June 30, 2000,  respectively.  Sunwest
had a 13.36%,  14.61% and 10.86% Tier 1  risk-based  capital,  total  risk-based
capital and leverage ratio at June 30, 2000,  respectively.  These are above the
regulatory  minimums  of  4.00%,  8.00%  and  4.00%,  respectively.  Sunwest  is
classified as a "Well Capitalized" depository institution.

The Company had no material  commitments for capital expenditures as of June 30,
2000.

<PAGE>

                       WEST COAST BANCORP AND SUBSIDIARIES
                                 JUNE 30, 2000


                                     PART II

                                OTHER INFORMATION

Item 1.  Legal Proceedings

-------------------------------
NONE

Item 2.  Changes in Securities

-----------------------------------
NONE

Item 3.  Defaults Upon Senior Securities

---------------------------------------------
NONE

Item 4.  Submission of Matters to a Vote of Security Holders
-----------------------------------------------------------------
NONE

Item 5.  Other Information

-------------------------------
NONE

Item 6.  Exhibits and Reports on Form 8-K
----------------------------------------------
(a)      Exhibits


         Exhibit 27 - Financial Data Schedule for June 30, 2000


(b)      Reports on Form 8-K

         None


<PAGE>


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

WEST COAST BANCORP






/s/Eric D. Hovde                                     August 11, 2000
-----------------                                    ----------------------

Eric D. Hovde                                        Date
Chief Executive Officer





/s/Frank E. Smith                                    August 11, 2000
-----------------                                    ----------------------
Frank E. Smith                                       Date
Chief Financial Officer