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 September 30, 1999


             [ ] 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 October 31, 1999:

                                    9,328,942

             Transitional Small Business Disclosure Format Yes    No X
                                                              --    --




                  This document contains a total of 23 pages.



                                       1
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

                                                     September 30,  December 31,
(in thousands, except share data)                         1999          1998
                                                      (Unaudited)
                                                   -----------------------------
ASSETS
Cash and due from banks                                 $   8,868    $   9,334
Federal funds sold                                          1,400        4,500
Investment securities available-for-sale
     at fair value                                         34,055       29,128

Loans                                                     134,411      109,547
Less allowance for loan losses                             (2,605)      (2,444)
                                                   -----------------------------
     Net loans                                            131,806      107,103
                                                   -----------------------------
Real estate owned, net                                        508          528
Premises and equipment, net                                   750          516
Deferred taxes                                              1,748        1,408
Other assets                                                1,296        1,267
                                                   -----------------------------
                                                        $ 180,431    $ 153,784
                                                   =============================
LIABILITIES
Deposits:
     Demand, non interest-bearing                       $  51,277    $  47,254
     Savings, money market & interest-bearing demand       47,677       45,510
     Time certificates under $100,000                      24,970       20,288
     Time certificates of $100,000 or more                 28,395       20,687
                                                   -----------------------------
     Total deposits                                       152,319      133,739

Federal Home Loan Bank borrowings                           8,000        2,000
Other borrowed funds                                          553          589
Capital lease obligation                                      191          265
Other liabilities                                           1,277        1,364
                                                   -----------------------------
     Total liabilities                                    162,340      137,957

Commitments and contingencies
 Minority interest in subsidiary                            8,088        7,094
                                                   -----------------------------
SHAREHOLDERS' EQUITY
Common stock, no par value - 30,000,000
   shares authorized, 9,328,942 and 9,258,942 shares
   issued and outstanding in 1999 and 1998, respectively   30,351       30,274
Accumulated deficit                                       (20,027)     (21,458)
Accumulated other comprehensive income - net of tax          (321)         (83)
                                                   -----------------------------
     Total shareholders' equity                            10,003        8,733
                                                   -----------------------------
                                                        $ 180,431    $ 153,784
                                                   =============================


          (See accompanying notes to consolidated financial statements)




                                       2
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                         CONSOLIDATED INCOME STATEMENTS
                                   (Unaudited)




                                          Three Months Ended   Nine Months Ended
(in thousands,                               September 30,       September 30,
 except share data)                       1999          1998   1999         1998
                                        ----------------------------------------
INTEREST INCOME:
Loans, including fees                     $ 3,088   $ 2,693   $ 8,465   $ 7,855
Federal funds sold                             22       295        61       684
Investment securities                         558       316     1,570       843
                                        ----------------------------------------
     Total interest income                  3,668     3,304    10,096     9,382

INTEREST EXPENSE:
Interest on deposits                          844       847     2,225     2,377
Other                                         113        49       263       150
                                        ----------------------------------------
     Total interest expense                   957       896     2,488     2,527
                                        ----------------------------------------
     Net interest income                    2,711     2,408     7,608     6,855

Provision for loan losses                      --        --        --        --
                                        ----------------------------------------
     Net interest income after
       provision for loan losses            2,711     2,408     7,608     6,855

Other operating income                        400       191     1,064       544
Other operating expenses                    1,899     1,854     5,843     5,642
Minority interest in net income
  of subsidiary                               504       344     1,177       834
Gain on liquidation of WCV, Inc.               --        --        --         1
                                        ----------------------------------------
     Income before income taxes               708       401     1,652       924

Income tax expense                             90      --         221      --
                                        ----------------------------------------

     Net income                           $   618   $   401   $ 1,431   $   924
                                        ========================================

Basic and diluted earnings per share      $   .07   $   .04   $   .15   $   .10
                                        ========================================


          (See accompanying notes to consolidated financial statements)




                                       3
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
                                   (Unaudited)




                                       Three Months Ended      Nine Months Ended
                                          September 30,          September 30,
(in thousands)                         1999          1998      1999         1998
                                      ------------------------------------------
Net income                             $   618    $   401    $ 1,431    $   924

Other comprehensive income, net of tax:
  Unrealized loss on
  available-for-sale investments
  arising during period                    (91)       (38)      (238)       (57)
                                      ------------------------------------------

Other comprehensive loss                   (91)       (38)      (238)       (57)
                                      ------------------------------------------

Comprehensive income                   $   527    $   363    $ 1,193    $   867
                                      ==========================================


          (See accompanying notes to consolidated financial statements)



                                       4
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CHANGES IN
                       SHAREHOLDERS' EQUITY AND CASH FLOWS
                                   (Unaudited)



CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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

Balance at December 31, 1997  9,169 $ 30,176 $ (22,747)  $     39      $  7,468
Net income                        -        -     1,289          -         1,289
Stock options exercised          90       98         -          -            98
Change in net unrealized
  loss on available-for-sale
  investments                     -        -         -       (122)         (122)
                           -----------------------------------------------------
Balance at December 31, 1998  9,259 $ 30,274 $ (21,458)  $    (83)     $  8,733
Net income                        -        -     1,431          -         1,431
Stock options exercised          70       77         -          -            77
Change in net unrealized
  loss on available-for-sale
  investments                     -        -         -       (238)         (238)
                           -----------------------------------------------------
Balance at September 30, 1999 9,329 $ 30,351 $ (20,027)  $   (321)     $ 10,003
                           =====================================================


CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                         Nine Months Ended
                                                            September 30,
(in thousands)                                           1999         1998
                                                      --------------------------
Cash flows from operating activities:
   Net income                                           $ 1,431    $   924
   Adjustments to reconcile net income to net
    cash provided by operating activities:
    Depreciation and amortization                           227        254
    Amortization and accretion from investment securities   341         97
    Minority interest in net income of subsidiary         1,177        834
    Gain on sale of real estate owned                        --        (10)
    Write-down of real estate owned                          20         16
    Gain on sale and liquidation of subsidiaries             --         (1)
    Deferred tax benefit                                    (47)      (105)
    State taxes payable                                      42         --
(Increase) decrease in other assets                         (29)        73
Increase (decrease) in other liabilities                   (128)        23
                                                      --------------------------
Net cash provided by operating activities                 3,034      2,105



                                                                     (Continued)






          (See accompanying notes to consolidated financial statements)




                                       5
<PAGE>

                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                           Nine Months Ended
(in thousands)                                                September 30,
                                                           1999         1998
                                                      --------------------------
Cash flows from investing activities:
   Proceeds from maturity of interest bearing balances    $     --    $     99
   Proceeds from maturities and paydowns of investment
     securities available-for-sale                           3,831       3,500
   Purchase of investment securities available-for-sale     (9,813)     (6,096)
   Net increase in loans                                   (25,064)     (4,632)
   Proceeds from sales of real estate owned                    361         617
   Purchase of premises and equipment                         (462)       (131)
   Proceeds from sales of premises and equipment                --          20
                                                      --------------------------
Net cash used in investing activities                      (31,147)     (6,623)

Cash flows from financing activities:
   Net increase in deposits                                 18,580      20,687
   Cash payments on notes payable to affiliates                (36)       (102)
   Repayment of other borrowed funds                           (74)        (44)
   Borrowed funds from Federal Home Loan Bank                6,000          --
   Stock options exercised                                      77          98
                                                      --------------------------
Net cash provided by financing activities                   24,547      20,639
                                                      --------------------------
Increase (decrease) in cash and cash equivalents            (3,566)     16,121

Cash and cash equivalents at beginning of year              13,834       8,541
                                                      --------------------------
Cash and cash equivalents at end of year                  $ 10,268    $ 24,662
                                                      ==========================

Supplemental  disclosures of cash flow information:
  Cash paid during the period for:
     Interest                                             $  2,430    $  2,496
     Income taxes                                               95         107

Supplemental schedule of non-cash investing and financing activities:
     Transfer from other liabilities to
      other borrowed funds                                $      -    $    475
     Transfer of loans to REO                                  361           -


          (See accompanying notes to consolidated financial statements)




                                       6
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 1999
                                   (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 statement
         of the results of operations for the interim  periods.  Results for the
         three  and  nine  month  periods  ended  September  30,  1999  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.

         Certain  reclassifications have been made in the prior period financial
         statements to conform to the presentation in the current period.

(2)      RECENT ACCOUNTING PRONOUNCEMENTS

         In June 1998, the Financial  Accounting Standards Board ("FASB") issued
         Statement  of   Financial   Accounting   Standard   ("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.  SFAS  No.  133 is
         effective for fiscal years  beginning after June 15, 1999. In May 1999,
         the FASB issued SFAS No. 137,  "Accounting  for Derivative  Instruments
         and Hedging Activities Deferral of the Effective Date of SFAS No. 133",
         that amends SFAS No. 133 and defers the effective  date to fiscal years
         beginning  after June 15,  2000.  Management  of the  Company  does not
         believe the adoption of SFAS No. 133 will have a material impact on the
         Company's results of operations or financial position when adopted.




                                       7
<PAGE>
(3)      EARNINGS PER SHARE

         The following is a reconciliation  of basic earnings per share (EPS) to
         diluted EPS for the three and nine months ended  September 30, 1999 and
         1998.

(dollars and shares in thousands)

                          Three Months Ended            Three Months Ended
                          September 30, 1999            September 30, 1998
                     -----------------------------------------------------------
                                           Per                           Per
                         Net               Share       Net               Share
                        Income   Shares    Amount     Income   Shares    Amount
                     -----------------------------------------------------------
Basic EPS:
Income available to
 common shareholders   $ 618     9,329     $   .07   $ 401     9,259     $   .04
Effect of dilutive
 securities:
Stock options             --        10          --      --        24          --
                     -----------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions           $ 618     9,339     $   .07   $ 401     9,283     $   .04
                     ===========================================================



                          Nine Months Ended             Nine Months Ended
                          September 30, 1999            September 30, 1998
                     -----------------------------------------------------------
                                           Per                           Per
                         Net               Share       Net               Share
                        Income   Shares    Amount     Income   Shares    Amount
                     -----------------------------------------------------------
Basic EPS:
Income available to
 common shareholders   $1,431    9,290     $   .15   $ 924     9,209     $   .10
Effect of dilutive
 securities:
Stock options              --       13          --      --        65          --
                     -----------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions           $1,431    9,303     $   .15   $ 924     9,274     $   .10
                     ===========================================================




                                       8
<PAGE>
 (4)     LOANS

         A summary of loans follows:

                                                     September 30,  December 31,
         (in thousands)                                  1999           1998
                                                    ----------------------------
         Commercial loans not secured by real estate   $  37,462      $  34,318
         Real estate mortgage loans                       91,384         71,184
         Real estate construction                          2,258            376
         Personal loans not secured by real estate         3,646          3,942
         Unearned income, discounts and fees                (339)          (273)
                                                    ----------------------------
                                                       $ 134,411     $ 109,547
                                                    ============================
*Impaired  loans have  declined  since  December  31, 1998 due to a  significant
nonaccrual loan paying off.


(5)      OTHER OPERATING INCOME

         A summary of other operating income follows:

                               Three Months Ended            Nine Months Ended
                                  September 30,                 September 30,
         (in thousands)       1999            1998           1999           1998
                            ----------------------------------------------------
Depositor charges             $  218          $  152         $  587      $  428
Service charges, commissions
  & fees                          24              34            106          69
Other income                     158               5            371          47
                            ----------------------------------------------------
                              $  400          $  191         $1,064      $  544
                            ====================================================


(6)      OTHER OPERATING EXPENSES

         A summary of other operating expenses is as follows:

                                      Three Months Ended      Nine Months Ended
                                          September 30,          September 30,
         (in thousands)               1999          1998      1999         1998
                                   ---------------------------------------------
Salaries and employee benefits      $   852     $   954     $ 2,766     $ 2,883
Occupancy                               216         170         587         551
Customer service                        170         129         485         364
Professional services                   158          97         512         255
Data processing                         150         138         432         400
Depreciation and amortization            80          79         226         254
Advertising and promotion                72          92         208         232
Printing & postage                       30          25          83          79
Telephone and telefax                    25          24          77          65
Stationary and supplies                  22          34          87          82
Collection                               12           6          27          14
Net cost of operation of REO             11          (3)         39          50
Insurance                                10          10          29          30
Regulatory fees and assessments           9           8          26          25
Miscellaneous                            82          91         259         358
                                   ---------------------------------------------
                                    $ 1,899     $ 1,854     $ 5,843     $ 5,642
                                   =============================================

                                       9
<PAGE>

(7)  INCOME TAXES

     The Company and Sunwest  recognized state income tax expense of $90,000 and
     $221,000  during  the three  and nine  months  ended  September  30,  1999,
     compared to none for the same periods in 1998.  Sunwest had $2.8 million of
     net deferred  tax assets and  approximately  $5.3 million of net  operating
     loss carryforwards for federal purposes, and none for state at December 31,
     1998.  Excluding the Sunwest  amounts,  the Company had $4.9 million of net
     operating loss carryforwards at December 31, 1998.

     For all the periods  presented a valuation  allowance  has been recorded to
     offset most or all of the  deferred  tax assets of Sunwest and the Company.
     The  valuation  allowance  was  established  due to  uncertainty  of future
     earnings at both Sunwest and the Company. At December 31, 1998, Sunwest had
     a $1.5 million  deferred tax asset based upon estimates of future  earnings
     and tax preference items.  Sunwest and the Company may adjust the valuation
     allowance  and the  corresponding  tax  benefit in 1999 based on changes in
     estimated future earnings increases and tax preference items.


                                       10
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                               SEPTEMBER 30, 1999
                                   (Unaudited)



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 nine month periods ended  September 30, 1999 and 1998.  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-QSB  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,
year  2000  issues  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, 1998.

GENERAL

The Company recorded net income of $618,000,  or $.07 per share, and $1,431,000,
or $.15 per share, during the three and nine months ended September 30, 1999, as
compared with net income of $401,000,  or $.04 per share, and $924,000,  or $.10
per share, during the same respective periods in 1998. The 1999 figures included
the effects of recording a tax  provision of $221,000  compared to none in 1998.
The higher pre-tax income in 1999 versus 1998 occurred primarily because Sunwest
had higher  earnings in 1999.  Sunwest's  higher  earnings were primarily due to
increased  growth in net  interest  income  and fees from  growth in assets  and
deposits.

The Company had total assets, loans and deposits as follows:


                 September 30,   December 31,   September 30,   December 31,
                    1999            1998            1998            1997
(in thousands)   ---------------------------------------------------------------
Total assets     $ 180,431       $ 153,784      $ 152,941       $ 130,621
Loans              134,411         109,547        107,575         102,877
Deposits           152,319         133,739        135,657         114,970

The $27 million increase in total assets from December 31, 1998 to September 30,
1999 occurred  primarily due to a $24 million  increase in loans at Sunwest from
increased  marketing  efforts and due to the expanding economy in Orange County,
California.  The increase in assets was funded by an increase in deposits of $19
million,  an  increase in  borrowings  and other  liabilities  of $7 million and
earnings of over $1 million.



                                       11
<PAGE>
RESULTS OF OPERATIONS

NET INTEREST INCOME
Net interest income increased  $303,000,  or 12.6%, in the third quarter of 1999
and  $753,000,  or 11.0%,  in the nine month  period  ended  September  30, 1999
compared to the same periods in 1998.  The  increase in net  interest  income in
1999 resulted primarily from higher volumes of interest earning assets and lower
yields on interest  bearing  liabilities  offset by lower  yields on loans.  The
improved  mix of interest  earning  assets and deposits  favorably  impacted net
interest income.  Average  interest  earning assets increased $19.2 million,  or
13.0%,  in the three months ended September 30, 1999 compared to the same period
in 1998 and increased $16.9 million,  or 12.2%, in the first nine months of 1999
compared to the same period in 1998.

The net interest margin (yield on interest  earning assets less the rate paid on
interest  bearing  liabilities) was flat in both the three and nine months ended
September  30,  1999  compared  to the same  periods  in 1998.  The net yield on
interest  earning assets (net interest income divided by average earning assets)
remained  relatively the same for the third quarter of 1999 compared to 1998 and
declined 8 basis points for the first nine months of 1999 compared to 1998. This
was a result of a decline in the general level of interest rates during the past
year  offset in part by  shifting  the mix of earning  assets  into  assets with
higher  yields.  Loan  yields  were  significantly  impacted by a decline in the
"prime rate" of 75 basis points from the prior year.

The yield on interest  earning assets  declined  primarily due to a drop in loan
yields of 76 basis  points  and 87 basis  points  in the  three  and nine  month
periods ended  September 30, 1999 compared to the same periods in 1998. This was
caused  by the  drop in the  prime  rate  noted  above  along  with  competitive
pressures  on loan yields in the  Company's  markets.  This impact was offset to
some extent by a reduction of investments in Federal funds with a  corresponding
increased  investment in higher  yielding  investment  securities.  The yield on
investment  securities has increased as a result of investing in corporate bonds
and extending maturities.

Interest  expense  declined in 1999 as a result of a decline in rates  offset by
increased  deposit volumes and borrowings from the Federal Home Loan Bank of San
Francisco.  Average interest bearing liabilities  increased by $11.5 million and
$8.4 million in the three and nine periods ended  September 30, 1999 compared to
the same periods in 1998. Average  noninterest bearing demand deposits increased
by $6.2  million and $7.6  million  for the three and nine months  ended in 1999
compared to the same periods in 1998.

The rates paid on interest bearing  liabilities  declined 19 basis points and 39
basis points for the three and nine months ended  September 30, 1999 compared to
the same periods in 1998.  This was due to reductions  in overall  interest rate
levels and a reduction  in time  deposits as a  percentage  of interest  bearing
deposits in 1999. 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. Future asset growth will rely to a
greater  extent on increases in time  deposits and borrowed  funds,  potentially
increasing the rate paid on interest bearing liabilities.



                                       12
<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 nine month periods
ended September 30, 1999 and 1998 (dollars in millions):

                                         Three Months Ended September 30,
                                           1999                    1998
                                   Average       Yields/   Average       Yields/
                                   Balance       Rates     Balance       Rates
                                 -----------------------------------------------
ASSETS
Loans, net of unearned income,
     discounts and fees            $   132.6     9.32%     $   106.8      10.08%
Investment securities                   32.6     6.85           19.8       6.38
Federal funds sold                       1.6     5.37           21.0       5.61
                                 -----------------------------------------------
Total interest-earning assets          166.8     8.80          147.6       8.95

Allowance for loan losses               (2.5)                   (2.4)
Cash and due from banks                 10.0                     8.8
Other assets                             3.9                     3.4
                                 -----------------------------------------------
                                   $   178.2               $   157.4
                                 ===============================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits                      $    50.0     4.93%     $    46.2       5.39%
Interest-bearing demand deposits        42.8     1.97           40.8       1.95
Savings deposits                         4.8     1.24            5.1       1.98
FHLB borrowings                          6.0     5.10             --         --
Other debt                               1.0    19.30            1.0      19.25
                                 -----------------------------------------------
Total interest-bearing liabilities     104.6     3.66           93.1       3.85

Demand deposits                         54.5                    48.3
Other liabilities                        1.4                     1.1
Minority interest                        7.8                     6.6
Shareholders' equity                     9.9                     8.3
                                 -----------------------------------------------
                                   $   178.2               $   157.4
                                 ===============================================
Net interest margin                              5.14%                     5.10%
Net yield on interest-earning assets             6.50                      6.52



                                       13
<PAGE>
                                        Nine Months Ended September 30,
                                           1999                    1998
                                   Average       Yields/   Average       Yields/
                                   Balance       Rates     Balance       Rates
                                 -----------------------------------------------
ASSETS
Loans, net of unearned income,
     discounts and fees            $   121.4     9.30%     $   103.0      10.17%
Investment securities                   32.0     6.53           18.6       6.03
Federal funds sold                       1.6     5.02           16.5       5.53
                                 -----------------------------------------------
Total interest-earning assets          155.0     8.68          138.1       9.06

Allowance for loan losses               (2.4)                   (2.3)
Cash and due from banks                 10.1                     8.2
Other assets                             4.0                     3.7
                                 -----------------------------------------------
                                   $   166.7               $   147.7
                                 ===============================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits                      $    44.4     4.81%     $    43.6       5.42%
Interest-bearing demand deposits        41.1     1.84           37.2       1.89
Savings deposits                         4.8     1.37            5.0       1.98
FHLB borrowings                          3.9     5.01             --         --
Other debt                               1.0    43.30            1.0      20.76
                                 -----------------------------------------------
Total interest-bearing liabilities      95.2     3.49           86.8       3.88

Demand deposits                         52.9                    45.4
Other liabilities                        1.3                     1.1
Minority interest                        7.5                     6.4
Shareholders' equity                     9.8                     8.0
                                 -----------------------------------------------
                                   $   166.7               $   147.7
                                 ===============================================
Net interest margin                              5.20%                     5.18%
Net yield on interest-earning assets             6.54                      6.62



                                       14
<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
1999 versus 1998 periods are summarized as follows (in thousands):

                        Three Months Ended          Nine Months Ended
                           September 30,               September 30,
                      ----------------------------------------------------------
                         Asset/  Interest            Asset/  Interest
                       Liability   Rate            Liability   Rate
                        Changes  Changes   Total    Changes  Changes   Total
                      ----------------------------------------------------------
Changes in:
     Interest income    $  568   $ (204)   $  364   $ 1,405  $ (691)   $  714
     Interest expense       45      (61)      (16)       53    (237)     (184)
                      ----------------------------------------------------------
Net interest income     $  523   $ (143)   $  380   $ 1,352  $ (454)   $  898
                      ==========================================================

Loans on which the accrual of interest had been  discontinued  at September  30,
1999 and 1998 amounted to $888,000 and $1,632,000,  respectively. If these loans
had been  current  throughout  their terms,  it is  estimated  that net interest
income would have  increased by  approximately  $27,000 and $25,000 in the third
quarters of 1999 and 1998, respectively. This would have raised the net yield on
interest-earning  assets and the net interest  margin by  approximately  6 and 7
basis  points  during the third  quarters  of 1999 and 1998,  respectively.  The
nonaccrual  loans decreased due to a loan that was placed back on accrual status
in July 1999 after the underlying property was sold to a new owner.  Interest of
approximately $110,000 was recovered as part of the transaction.


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):

                                      Three Months Ended     Nine Months Ended
                                         September 30,         September 30,
                                        1999      1998       1999       1998
                                    --------------------------------------------
Allowance for loan losses
     balance at beginning of period   $ 2,449   $ 2,393    $ 2,444    $ 2,364

Charge-offs                                --       (14)       (93)       (37)
Recoveries                                156        51        254        103
                                    --------------------------------------------
Net recoveries                            156        37        161         66

Provision for loan losses                  --        --         --         --
                                    --------------------------------------------
Allowance for loan losses
     balance at end of period         $ 2,605   $ 2,430    $ 2,605    $ 2,430
                                    ============================================

All of the above charge-offs and recoveries were at Sunwest.  The net recoveries
during the three and nine months  ended in 1999 are a result of  improved  asset
quality and the high levels of charge-offs in previous years.



                                       15
<PAGE>
Management  believes that the allowance for loan losses at September 30, 1999 of
$2,605,000  or 1.94% of loans is 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 could adversely affect certain  borrowers' ability
to repay loans.  While the 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):

                     September 30,   December 31,   September 30,   December 31,
                         1999           1998           1998            1997
                     -----------------------------------------------------------
Nonaccrual loans       $  888        $ 1,360         $ 1,632        $    --
Loans 90 days past due
     and still accruing    --              1               2             31
                     -----------------------------------------------------------
Nonperforming loans       888          1,361           1,634             31
Real estate owned         508            528             528          1,151
                     -----------------------------------------------------------
Nonperforming assets   $1,396        $ 1,889         $ 2,162        $ 1,182
                     ===========================================================
Nonperforming loans/
    Total loans           .66%          1.24%           1.52%           .03%
Nonperforming assets/
    Total assets          .77           1.23            1.41            .90
                     ===========================================================


Nonperforming  assets have  decreased  from  $1,889,000  at December 31, 1998 to
$1,396,000  at September  30, 1999 due  primarily to a decline in  nonperforming
loans. The decrease is due to one nonaccrual loan being placed on accrual status
in the second  quarter of 1999 offset  partially by another loan being placed on
nonaccrual in the third quarter of 1999.

Restructured  loans that were performing  substantially in accordance with their
modified terms totaled $2.0 at September 30, 1999. No restructured loans were on
nonaccrual status at September 30, 1999.

Impaired  loans have  declined  since  December  31,  1998 due to a  significant
nonaccrual loan paying off.


                                       16
<PAGE>
OTHER OPERATING INCOME

Other operating income increased by $209,000 and $520,000 for the three and nine
months ended September 30, 1999, respectively, as compared with the same periods
in 1998  primarily as a result of  recoveries of interest on loans on nonaccrual
in prior years, increased deposit service charges and an insurance reimbursement
of  $61,000  on a 1998  lawsuit.  See  note  (5) of the  notes  to  consolidated
financial statements.  Other income includes recoveries of prior years' interest
on loans on  nonaccrual in prior years of $93,000 and $295,000 for the three and
nine month periods ended September 30, 1999, respectively.

OTHER OPERATING EXPENSES

Other operating expenses increased $201,000 from the nine months ended September
30, 1998 to the same period in 1999. The increase was due primarily to increases
of $257,000 in professional  services expense and $121,000 in customer  services
expense  offset by a  decrease  of  $117,000  in  salary  and  employee  benefit
expenses.  The  largest  portion  of  the  professional  services  increase  was
approximately  $139,000,  which was the  result of hiring a  consulting  firm to
conduct a profit improvement study.  Higher  professional  service expenses also
resulted  from  outsourced  internal  audit  services,  fees  paid to  hire  new
employees and fees paid to generate loan leads.  The customer  services  expense
increase  resulted  primarily from planned  deposit growth in the Bank. See note
(6) of the notes to the unaudited consolidated financial statements. Total other
operating  expenses  expressed in dollars and as a percentage of total  revenues
and average assets follows (dollars in thousands):

                                       Three Months Ended      Nine Months Ended
                                          September 30,          September 30,
                                         1999       1998       1999        1998
                                      ------------------------------------------
Other operating expenses               $ 1,899    $ 1,854    $ 5,843    $ 5,642
Other operating expenses
     (annualized)/average assets          4.26%      4.71%      4.67%      5.09%
Other operating expenses/net interest
     income and other operating income    61.0%      71.3%      67.4%      76.3%
                                      ==========================================

The decline in the other  expense  ratios is primarily a result of the increases
in assets and income exceeding the increase in expenses. As the Company grows it
is likely that  operating  expenses will also increase.  The outside  consulting
firm that was engaged to conduct a profit  improvement study has completed their
review.  The  purpose  of this  review  was to  streamline  processes  to reduce
expenses  and improve the  delivery of products  and  services to the  Company's
customers.  The external costs of this review approximated $139,000. The Company
expects the cost of this review to be recovered through productivity and revenue
enhancements in 1999. 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.




                                       17
<PAGE>
Year 2000 Compliance
BACKGROUND - The year 2000 issue refers to computer programs being written using
two digits  rather than four to define an  applicable  year.  Any of a Company's
hardware,  date-driven  automated  equipment  or computer  programs  that have a
two-digit  field to define the year may  recognize a date using "00" as the year
1900 rather than the year 2000. Preparing for the year 2000 is said to be one of
the  biggest  challenges  any company  has had to face to date.  Predictions  of
computer  crashes,   building  lock  downs,  and  business  failures  may  sound
exaggerated,  but the problems are real. Left uncorrected, the year 2000 problem
could cause massive  miscalculations,  lost data,  and equipment  failures.  The
computer related  challenges and potential risks associated with the turn of the
century are  significant  for all  businesses.  One of the greatest risks is not
moving  quickly  enough to find,  fix,  and test for  possible  problems  before
year-end 1999.  Similar to other  companies,  the Company faces the challenge of
ensuring that all computer-related functions will work properly in the year 2000
and beyond and that adequate contingency plans are in place to mitigate possible
interruptions in critical services and products. If the necessary  modifications
and  implementations  are not made on a timely basis,  the year 2000 issue could
have  a  material,  adverse  effect  on  the  business,  consolidated  financial
position, results of operations or cash flows of the Company.

APPROACH TO READINESS - The Company  established a Year 2000 Project Team led by
the  president  of Sunwest  to manage the  Company's  year 2000  readiness.  The
Project  Team  is made up of  senior  managers  of all  departments.  A  project
coordinator  assists with  documenting  the Company's  progress and managing the
databases created to assist in the management of the project. Status reports are
reviewed at the monthly board of directors'  meetings.  The Company's  year 2000
project is well underway and the Company has substantially  completed renovation
for  all   mission-critical   applications.   Testing   of   substantially   all
mission-critical  applications  was  completed  by March  31,  1999.  An  impact
analysis  of  the  Company's  data   processing   environments,   systems,   and
applications  was  conducted to identify and assess their date  sensitivity.  An
inventory  database of these items was developed in preparation  for remediation
tracking  and  reporting of the  potential  areas of impact.  In  addition,  the
Company  has  implemented  procedures  to address  and track  compliance  in the
following areas:

Infrastructure - The Company's physical facilities,  including building security
systems, fire alarm systems, and equipment,  have been reviewed to determine the
state of year 2000 readiness.

Business partners  (suppliers/vendors)  - Review of the year 2000 efforts of the
Company's  suppliers  and  business  partner  relationships  has  been  done  to
encourage  the timely  resolution of product or service  compliance  issues in a
manner  consistent with the year 2000 project goals of the Company.  The Company
requires a review of all new business partners for year 2000 readiness.

Employee   awareness  -  The  Company  believes  that  employee   awareness  and
understanding of the year 2000 issue is essential to the success of the project.
Employees  must be able to  communicate  confidently  regarding year 2000 issues
with customers.  An aware organization is one that will be able to recognize and
take proactive measures regarding potential problem areas.

Customer  awareness - The Company has taken a leadership  role in  communicating
the year 2000 issue to its  customers and  community.  The Company has conducted
seminars and has made literature available related to the year 2000 issue.



                                       18
<PAGE>
Risk assessment and customer  readiness - Business failures of key borrowers and
depositors  could  adversely  impact the Company.  The Company has implemented a
program to assess the year 2000  readiness  of all key  customers  and groups of
customers.   The   program   includes   assessing   risk   through  the  use  of
questionnaires, interviews, site visits and a review of business practices.

Independent  third party assessment - The Company's year 2000 readiness  efforts
have  been and  will  continue  to be  assessed  by the FDIC and the  California
Department of Financial  Institutions.  Failure to meet the readiness  standards
could  subject  the  Company to  enforcement  actions.  The  Company has engaged
independent third parties to conduct reviews of the Company's efforts to provide
additional assurance of compliance.

Other  elements of the  Company's  year 2000  program  include  overall  program
management, monitoring and control, risk management, compliance test management,
quality assurance, communications, and support services.

PROGRESS TO DATE - The Company's  year 2000 readiness  project is  substantially
complete.  Renovation and testing phases have been  substantially  completed for
mission-critical  applications.  Testing and renovation of non  mission-critical
areas were  substantially  completed by June 30,  1999.  These goals are in line
with the guidelines of the Federal Financial  Institutions  Examination  Council
(FFIEC).  To the extent that compliance is possible from the Company's  internal
efforts alone,  the Company is taking steps necessary to accomplish these goals.
When  compliance  also depends on the conduct of others,  the Company is working
with its  vendors  and  business  partners  to secure  compliance  and to obtain
appropriate  assurances  that those  externally  developed  systems  are or will
become  compliant on a timely basis and will not  interfere  with the  Company's
business  operations.  While the Company is committed to taking every reasonable
action in this regard,  expected of a prudent business,  the Company is not in a
position to guarantee the performance of others or to predict whether any of the
assurances  that  others  provide  may prove  later to be  inaccurate  or overly
optimistic. Since beginning the year 2000 project, the Company has:

o        Established a Year 2000 Project Team led by senior management
o        Completed inventory of application and system software and hardware
o        Completed an inventory of infrastructure facilities
o        Developed  consolidated  compliance  plans  and  schedules for business
         areas
o        Built databases for inventory tracking and reporting
o        Developed a  database  to  log  and  track  resolution  of reported Y2K
         problems
o        Established budget and cost tracking systems
o        Implemented broad awareness and education activities for employees
o        Developed and implemented a customer inquiry response process
o        Implemented vendor compliance verification
o        Obtained  readiness  reports from  substantially  all  mission critical
         vendors
o        Mandated  that all  new and  renewed  contracts  address Y2K compliance
         issues
o        Set up a dedicated test environment to simulate year 2000 conditions
o        Developed test scripts for all mission critical applications
o        Completed testing for substantially all mission critical applications
o        Assessed all critical customers
o        Developed a process for  communicating   Y2K   impacts  to   customers,
         correspondents,  agencies,  and vendors
o        Developed and tested a plan to address contingency implementation dates
         if remediation does not proceed as planned



                                       19
<PAGE>
COST OF YEAR 2000 READINESS - The Company currently estimates that it will incur
additional incremental out-of-pocket costs of about $39,000. These costs include
equipment and software  purchases  that may be  capitalized  as fixed assets and
amortized for up to five years and the cost of consultants to assist the Company
with its year 2000 readiness  efforts.  Internal and external costs specifically
associated with modifying internal-use software for the year 2000 are charged to
expense as incurred.  All of these costs are being funded through operating cash
flows.  Costs expensed to date for  incremental  costs  associated with the year
2000 issue were approximately $200,000 through September 30, 1999. The Company's
current  estimates of the costs  necessary  to implement  and test its year 2000
readiness are based on the facts and circumstances existing today. The estimates
were  made  using   assumptions   of  future  events   including  the  continued
availability of certain resources, implementation success and other factors. New
developments  may occur that could affect the Company's  estimates for year 2000
compliance.  These  developments  include,  but  are  not  limited  to:  (a) the
availability  and cost of  personnel  trained in this area,  (b) the  ability to
locate and correct all relevant computer code and equipment issues,  and (c) the
planning and implementation success needed to achieve full compliance.

The amount of resources  directed to ensuring year 2000  readiness  have slowed,
and will  continue to slow,  the  development  of new  business  and  technology
initiatives that provide new products and services to the Company's customers or
that enhance  effectiveness and profitability of existing products and services.
The  effects  on  the  Company  of  delays  in  other  business  and  technology
initiatives  are not  determinable  at this time, but are not expected to have a
material effect on the financial  condition of the Company.  In addition,  since
there is no uniform  definition of year 2000  "compliance"  and not all customer
situations can be anticipated,  the Company may experience claims as a result of
the year 2000 transition.  It is uncertain whether sufficient insurance coverage
will be  available  to satisfy any claims  asserted.  Additionally,  the Company
continues to communicate with significant customers and vendors to determine the
extent of risk created by those third  parties'  failure to remediate  their own
year 2000 issues.  However,  it is not  possible,  at present,  to determine the
financial effect if significant  customer and vendor remediation efforts are not
resolved in a timely manner.

INCOME TAXES

The  Company  and  Sunwest  recognized  state  income tax expense of $90,000 and
$221,000 during the three and nine months ended September 30, 1999,  compared to
none for the same periods in 1998.  Sunwest had $2.8 million of net deferred tax
assets and  approximately  $5.3 million of net operating loss  carryforwards for
federal purposes, and none for state at December 31, 1998. Excluding the Sunwest
amounts,  the Company had $4.9 million of net operating  loss  carryforwards  at
December 31, 1998.

For all the periods presented a valuation  allowance has been recorded to offset
most or all of the deferred tax assets of Sunwest and the Company. The valuation
allowance was  established due to uncertainty of future earnings at both Sunwest
and the Company.  At December 31, 1998,  Sunwest had a $1.5 million deferred tax
asset based upon estimates of future earnings and tax preference items.  Sunwest
and the Company may adjust the  valuation  allowance and the  corresponding  tax
benefit in 1999 based on changes in estimated future earnings  increases and tax
preference items.



                                       20
<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 16% at September 30, 1999 and 21% at December
31, 1998. 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 nine months of 1999 West Coast did not  receive  any  dividends
from its subsidiaries. West Coast does not currently expect to receive dividends
from its subsidiaries during 1999.

At September 30, 1999, West Coast had cash and short term  investments  totaling
$297,000. No significant cash receipts are expected for the remainder of 1999.

West Coast anticipates cash expenditures  during 1999 to consist of debt service
payments and other operating  expenses.  West Coast's projected debt service for
the remainder of 1999 is expected to total $21,000.  West Coast anticipates that
other operating  expenses will be approximately  $17,000 during the remainder of
1999.   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

West Coast  Bancorp had a 11.71%,  12.96% and 10.33% Tier 1 risk-based  capital,
total risk-based capital and leverage ratio at September 30, 1999, respectively.
Sunwest  had a 13.21%,  14.46%  and  10.75%  Tier 1  risk-based  capital,  total
risk-based capital and leverage ratio at September 30, 1999, 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 September
30, 1999.



                                       21
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                               SEPTEMBER 30, 1999

                                     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 September 30, 1999

(b)      Reports on Form 8-K

         None



                                       22
<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                                   November 12, 1999
     -----------------------------------------          ----------------------
     Eric D. Hovde                                      Date
     Chief Executive Officer





     /s/Frank E. Smith                                  November 12, 1999
     -----------------------------------------          ----------------------
     Frank E. Smith                                     Date
     Chief Financial Officer



                                       23
<PAGE>