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, 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 July 30, 1999:

                                    9,328,942

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



                   This document contains a total of 22 pages.


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

                                                          June 30,  December 31,
                                                            1999        1998
(in thousands, except share data)                       (Unaudited)
                                                        ------------------------
ASSETS
Cash and due from banks                                   $   9,731   $   9,334
Federal funds sold                                            2,350       4,500
Investment securities available-for-sale
     at fair value                                           26,021      29,128

Loans                                                       130,681     109,547
Less allowance for loan losses                               (2,449)     (2,444)
                                                        ------------------------
     Net loans                                              128,232     107,103
                                                        ------------------------
Real estate owned, net                                          876         528
Premises and equipment, net                                     625         516
Deferred taxes                                                1,616       1,408
Other assets                                                  1,263       1,267
                                                        ------------------------
                                                          $ 170,714   $ 153,784
                                                        ========================
LIABILITIES
Deposits:
     Demand, non interest-bearing                         $  52,764   $  47,254
     Savings, money market & interest-bearing demand         45,871      45,510
     Time certificates under $100,000                        22,499      20,288
     Time certificates of $100,000 or more                   24,330      20,687
                                                        ------------------------
     Total deposits                                         145,464     133,739

Federal Home Loan Bank borrowings                             6,000       2,000
Other borrowed funds                                            565         589
Capital lease obligation                                        219         265
Other liabilities                                             1,336       1,364
                                                        ------------------------
     Total liabilities                                      153,584     137,957

Commitments and contingencies
Minority interest in subsidiary                               7,654       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                                         (20,645)    (21,458)
Accumulated other comprehensive income - net of tax            (230)        (83)
                                                        ------------------------
     Total shareholders' equity                               9,476       8,733
                                                        ------------------------
                                                          $ 170,714   $ 153,784
                                                        ========================


          (See accompanying notes to consolidated financial statements)


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


                                        Six Months Ended    Three Months Ended
(in thousands,                               June 30,             June 30,
 except share data)                       1999      1998       1999       1998
                                      ------------------------------------------
INTEREST INCOME:
Loans, including fees                  $ 5,377    $ 5,161    $ 2,770    $ 2,588
Federal funds sold                          39        389          2        220
Investment securities                    1,012        526        506        284
Interest bearing deposits with banks        --          1         --         --
                                      ------------------------------------------
     Total interest income               6,428      6,077      3,278      3,092

INTEREST EXPENSE:
Interest on deposits                     1,381      1,529        687        801
Other                                      150        101         84         52
                                      ------------------------------------------
     Total interest expense              1,531      1,630        771        853
                                      ------------------------------------------
     Net interest income                 4,897      4,447      2,507      2,239

Provision for loan losses                   --         --         --         --
                                      ------------------------------------------
     Net interest income after
     provision for loan losses           4,897      4,447      2,507      2,239

Other operating income                     664        353        407        172
Other operating expenses                 3,944      3,788      1,974      1,928
Minority interest in net income
 of subsidiary                             673        490        394        233
Gain (loss) on liquidation of WCV, Inc.     --          1         --         (1)
                                      ------------------------------------------
     Income before income taxes            944        523        546        249

Income tax expense                         131         --         71         --
                                      ------------------------------------------

     Net income                        $   813    $   523    $   475    $   249
                                      ==========================================

Basic and diluted earnings per share   $   .09    $   .06    $   .05    $   .03
                                      ==========================================


          (See accompanying notes to consolidated financial statements)


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




                                          Six Months Ended    Three Months Ended
                                              June 30,              June 30,
(in thousands)                            1999        1998    1999          1998
                                        ----------------------------------------
Net income                               $   813   $   523    $   475   $   249

Other comprehensive income, net of tax:
  Unrealized loss on
  available-for-sale investments
  arising during period                     (147)      (19)      (135)      (13)
                                        ----------------------------------------

Other comprehensive loss                    (147)      (19)      (135)      (13)
                                        ----------------------------------------

Comprehensive income                     $   666   $   504    $   340   $   236
                                        ========================================


          (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 STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY


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

Balance at December 31, 1998     9,259  $30,274  $   (83)  $  (21,458) $  8,733
Net income                          --       --       --          813       813
Stock options exercised             70       77       --           --        77
Change in net unrealized
  loss on available-for-sale
  investments                       --       --     (147)          --      (147)
                              --------------------------------------------------
Balance at June 30, 1999         9,329  $30,351  $  (230)  $  (20,645) $  9,476
                              ==================================================





CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                             Six Months Ended
                                                                  June 30,
(in thousands)                                                1999       1998
                                                           ---------------------
Cash flows from operating activities:
Net income                                                   $   813    $   523
Adjustments to reconcile net income to net
  cash provided by operating activities:
  Depreciation and amortization                                  147        175
  Minority interest in net income of subsidiary                  673        490
  Gain on sale of real estate owned                               --        (10)
  Write-down of real estate owned                                 13         16
  Gain on sale and liquidation of subsidiaries                    --         (1)
  Increase in deferred tax benefit                               (27)      (127)
  State taxes payable                                             36         --
Amortization and accretion from investment securities            112         28
Increase in other assets                                         (25)        (7)
Decrease in other liabilities                                    (63)       (21)
                                                           ---------------------
Net cash provided by operating activities                      1,679      1,066


                                                                     (Continued)


          (See accompanying notes to consolidated financial statements)


                                       5
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                            Six Months Ended
(in thousands)                                                  June 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                              2,607      3,500
  Purchase of investment securities available-for-sale           (53)    (5,931)
  Net increase in loans                                      (21,490)    (6,903)
  Proceeds from sales of real estate owned                         -        617
  Purchase of premises and equipment                            (255)      (111)
  Proceeds from sales of premises and equipment                    -         20
                                                           ---------------------
  Net cash used in investing activities                      (19,191)    (8,709)

Cash flows from financing activities:
  Net increase in deposits                                    11,725     24,207
  Cash payments on notes payable to affiliates                   (24)       (24)
  Repayment of other borrowed funds                              (46)       (35)
  Borrowed funds from Federal Home Loan Bank                   4,000          -
  Stock options exercised                                         77         98
                                                           ---------------------
  Net cash provided by financing activities                   15,732     24,246
                                                           ---------------------
  (Decrease) increase in cash and cash equivalents            (1,780)    16,603

Cash and cash equivalents at beginning of year                13,834      8,541
                                                           ---------------------
Cash and cash equivalents at end of year                     $12,054    $25,144
                                                           =====================

Supplemental disclosures of cash flow information:
  Cash paid during the period for:
     Interest                                                $ 1,532    $ 1,638
     Income taxes                                                 95        105

Supplemental schedule of non-cash investing and financing activities:
Transfer from other liabilities to
    other borrowed funds                                           -        475
Transfer of loans to REO                                         131          -


          (See accompanying notes to consolidated financial statements)


                                       6
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 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
         six and  three  month  periods  ended  June  30,  1999 and 1998 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.

         On  September  13,  1996,  Western   Acquisition,  L.L.C.  and  Western
         Acquisition  Partners,  L.P. (collectively,  "Western"),  affiliates of
         Hovde  Financial,  Inc.,  acquired  a 43.5%  interest  in Sunwest  Bank
         ("Sunwest").

         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>
                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 1999
                                   (Unaudited)

(3)      EARNINGS PER SHARE

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

         (dollars and shares in thousands)

                            Six Months Ended              Six Months Ended
                              June 30, 1999                 June 30, 1998
                        --------------------------------------------------------
                                             Per                          Per
                           Net              Share      Net               Share
                         Income    Shares   Amount    Income    Shares   Amount
                        --------------------------------------------------------
Basic EPS:
Income available to
 common shareholders     $  813    9,271    $  .09    $  523    9,184    $  .06
Effect of dilutive
 securities:
Stock options                --       13        --        --       85        --
                        --------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions             $  813    9,284    $  .09    $  523    9,269    $  .06
                        ========================================================



                            Three Months Ended           Three Months Ended
                              June 30, 1999                 June 30, 1998
                        --------------------------------------------------------
                                             Per                          Per
                          Net               Share      Net               Share
                         Income    Shares   Amount    Income    Shares   Amount
                        --------------------------------------------------------
Basic EPS:
Income available to
 common shareholders     $  475    9,282    $  .05    $  249    9,199    $  .03
Effect of dilutive
 securities:
Stock options                 -       24         -         -       85         -
                        --------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions             $  475    9,306    $  .05    $  249    9,284    $  .03
                        ========================================================



                                       8
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 1999
                                   (Unaudited)


(4)      LOANS

         A summary of loans follows:
                                                        June 30,    December 31,
         (in thousands)                                   1999          1998
                                                      --------------------------
Commercial loans not secured by real estate             $  37,606     $  34,318
Real estate mortgage loans                                 87,539        71,184
Real estate construction                                    1,809           376
Personal loans not secured by real estate                   4,085         3,942
Unearned income, discounts and fees                          (358)         (273)
                                                      --------------------------
                                                        $ 130,681     $ 109,547
                                                      ==========================

(5)      OTHER OPERATING INCOME

         A summary of other operating income follows:

                                    Six Months Ended    Three Months Ended
                                        June 30,             June 30,
         (in thousands)              1999      1998       1999      1998
                                  ----------------------------------------------
Depositor charges                    $370      $276       $205      $137
Service charges, commissions
 & fees                                81        34         38        22
Other income                          213        43        164        13
                                  ----------------------------------------------
                                     $664      $353       $407      $172
                                  ==============================================

(6)      OTHER OPERATING EXPENSES

         A summary of other operating expenses is as follows:

                                            Six Months Ended  Three Months Ended
                                                 June 30,            June 30,
         (in thousands)                       1999      1998      1999      1998
                                           -------------------------------------
Salaries and employee benefits              $1,914    $1,929    $  932    $  957
Occupancy                                      371       381       205       208
Professional services                          354       158       150        92
Customer service                               315       235       157       132
Data processing                                282       262       143       133
Depreciation and amortization                  147       175        76        90
Advertising and promotion                      136       140        67        74
Stationery and supplies                         65        48        37        28
Printing and postage                            53        54        27        31
Telephone and telefax                           52        41        28        22
Net cost of operation of REO                    28        53        23        24
Insurance                                       19        20        10        10
Regulatory fees and assessments                 17        17         9         9
Collection                                      15         8         9         3
Miscellaneous                                  176       267       101       115
                                           -------------------------------------
                                            $3,944    $3,788    $1,974    $1,928
                                           =====================================


                                       9
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 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
six and three month periods ended June 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 $813,000, or $.09 per share, and $475,000, or
$.05 per share, during the six and three months ended June 30, 1999, as compared
with net income of $523,000, or $.06 per share, and $249,000, or $.03 per share,
during  the same  respective  periods in 1998.  The 1999  figures  included  the
effects of recording a tax provision of $131,000  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:

                          June 30,    December 31,    June 30,    December 31,
                            1999          1998          1998          1997
(in thousands)          --------------------------------------------------------
Total assets             $170,714      $153,784      $155,826      $130,621
Loans                     130,681       109,547       109,809       102,877
Deposits                  145,464       133,739       139,177       114,970


The $15  million  increase  in total  assets from June 30, 1998 to June 30, 1999
occurred  primarily  due to a $21  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 $6
million,  an  increase in  borrowings  and other  liabilities  of $7 million and
earnings of over $1 million.



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


RESULTS OF OPERATIONS

NET INTEREST INCOME
Net interest income increased $450,000,  or 10.1%, in the six month period ended
June 30, 1999 and $268,000,  or 12.0%, in the second quarter of 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 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 $15.7
million, or 11.8% in the first six months of 1999 compared to 1998 and increased
$13.4  million,  or 9.7% in the three months ended June 30, 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 the first six months of 1999 compared
to 1998 and  increased by 23 basis  points in the second  quarter of 1999 versus
the second  quarter  of 1998.  The net yield on  interest  earning  assets  (net
interest income divided by average earning assets) declined ten basis points for
the first six months of 1999 and increased 14 basis points in the second quarter
of 1999 compared to 1998. This was a result of a decline in the general level of
interest rates during the past year offset 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 91 basis points and 85 basis points in the six and three month periods
ended June 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  volumes.  Average  interest  bearing  liabilities  increased  by $6.6
million in the first six  months of 1999 and $4.1 in the second  quarter of 1999
compared  to the  same  periods  in 1998.  Average  noninterest  bearing  demand
deposits  increased  by $8.2  million for the six month and $7.8 million for the
three month periods in 1999 compared to 1998.

The rates paid on interest bearing  liabilities  declined 50 basis points in the
first six  months  of 1999 and 53 basis  points in the  second  quarter  of 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.


                                       11
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

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 six and three month  periods
ended June 30, 1999 and 1998 (dollars in millions):


                                            Six Months Ended June 30,
                                         1999                    1998
                                  Average     Yields/    Average      Yields/
                                  Balance     Rates      Balance      Rates
                                ------------------------------------------------
ASSETS
Loans, net of unearned income,
     discounts and fees          $  115.6     9.30%     $  101.1     10.21%
Investment securities                31.8     6.37          18.0      5.83
Federal funds sold                    1.6     4.84          14.2      5.47
                                ------------------------------------------------
Total interest earning assets       149.0     8.63         133.3      9.11

Allowance for loan losses            (2.3)                  (2.4)
Cash and due from banks              10.2                    8.0
Other assets                          4.0                    3.8
                                ------------------------------------------------
                                 $  160.9               $  142.7
                                ================================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits                        41.7     4.74%     $   42.4      5.43%
Interest-bearing demand deposits     40.2     1.78          35.4      1.86
Savings deposits                      4.8     1.44           5.0      1.99
FHLB borrowings                       2.7     4.94            --        --
Other debt                            1.0    19.38           1.0     21.62
                                ------------------------------------------------
Total interest bearing liabilities   90.4     3.39          83.8      3.89

Demand deposits                      52.1                   43.9
Other liabilities                     1.3                    1.1
Minority interest                     7.4                    6.2
Shareholders' equity                  9.7                    7.7
                                ------------------------------------------------
                                 $  160.9               $  142.7
                                ================================================
Net interest margin                           5.24%                   5.22%
Net yield on interest earning assets          6.57                    6.67


                                       12
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)


                                          Three Months Ended June 30,
                                         1999                    1998
                                  Average     Yields/    Average      Yields/
                                  Balance     Rates      Balance      Rates
                                ------------------------------------------------
ASSETS
Loans, net of unearned income,
     discounts and fees          $  119.5     9.28%     $  102.2      10.13%
Investment securities                31.2     6.48          19.5       5.82
Federal funds sold                    0.2     4.82          15.8       5.56
                                ------------------------------------------------
Total interest earning assets       150.9     8.69         137.5       8.99

Allowance for loan losses            (2.4)                  (2.4)
Cash and due from banks              10.1                    8.2
Other assets                          3.7                    3.9
                                ------------------------------------------------
                                 $  162.3               $  147.2
                                ================================================
LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits                    $   42.2     4.68%     $   44.7       5.43%
Interest-bearing demand deposits     39.6     1.81          36.0       1.89
Savings deposits                      4.8     1.33           5.1       1.95
FHLB borrowings                       3.4     4.92             -          -
Other debt                            1.0    19.66           1.1      18.96
                                ------------------------------------------------
Total interest bearing liabilities   91.0     3.39          86.9       3.92

Demand deposits                      52.9                   45.1
Other liabilities                     1.4                    1.0
Minority interest                     7.5                    6.3
Shareholders' equity                  9.5                    7.9
                                ------------------------------------------------
                                 $  162.3               $  147.2
                                ================================================
Net interest margin                           5.30%                    5.07%
Net yield on interest earning assets          6.65                     6.51



                                       13
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)


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):

                      Six Months Ended June 30,     Three Months Ended June 30,
                     -----------------------------------------------------------
                         Asset/  Interest            Asset/  Interest
                       Liability   Rate            Liability   Rate
                        Changes  Changes   Total    Changes  Changes   Total
                     -----------------------------------------------------------
Changes in:
     Interest income    $ 826    $(475)    $ 351    $ 408     $(222)   $ 186
     Interest expense       5     (172)     (167)     (31)      (94)    (125)
                     -----------------------------------------------------------
Net interest income     $ 821    $(303)    $ 518    $ 439     $(128)   $ 311
                     ===========================================================

Loans on which the accrual of interest  had been  discontinued  at June 30, 1999
and 1998 amounted to $1,122,000 and $1,253,000, respectively. If these loans had
been current  throughout  their terms,  it is estimated that net interest income
would have increased by approximately $35,000 and $17,000 in the second quarters
of 1999  and  1998,  respectively.  This  would  have  raised  the net  yield on
interest-earning  assets and the net interest  margin by  approximately  9 and 5
basis points during the second quarters of 1999 and 1998, respectively. The loan
on  nonaccrual  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):

                                           Six Months Ended   Three Months Ended
                                                June 30,            June 30,
                                             1999      1998      1999     1998
                                         ---------------------------------------
Allowance for loan losses
     balance at beginning of period        $ 2,444   $ 2,364   $ 2,375  $ 2,367

Charge-offs                                    (93)      (23)       --       (9)
Recoveries                                      98        52        74       35
                                         ---------------------------------------
Net recoveries                                   5        29        74       26

Provision for loan losses                       --        --        --       --
                                         ---------------------------------------
Allowance for loan losses
     balance at end of period              $ 2,449   $ 2,393   $ 2,449  $ 2,393
                                         =======================================

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



                                       14
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)


Management  believes  that the  allowance  for loan  losses at June 30,  1999 of
$2,449,000  or 1.87% 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):


                           June 30,  December 31,  June 30,    December 31,
                             1999        1998        1998         1997
                         -------------------------------------------------------
Nonaccrual loans            $1,122     $1,360       $1,253       $    -
Loans 90 days past due
     and still accruing          -          1            1           31
                         -------------------------------------------------------
Nonperforming loans          1,122      1,361        1,254           31
Real estate owned              876        528          528        1,151
                         -------------------------------------------------------
Nonperforming assets        $1,998     $1,889       $1,782       $1,182
                         =======================================================
Nonperforming loans/
    Total loans                .86%      1.24%        1.14%         .03%
Nonperforming assets/
    Total assets              1.17       1.23         1.14          .90
                         =======================================================

Nonperforming  assets have  increased  approximately  $816,000 from December 31,
1997.  The  increase is due  primarily to one loan placed on  nonaccrual  in the
second quarter of 1998. In July 1999, this loan was placed on accrual status and
is no longer considered impaired.

Restructured  loans that were performing  substantially in accordance with their
modified  terms  totaled $2.1 at June 30, 1999.  No  restructured  loans were on
nonaccrual status at June 30, 1999.



                                       15
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

OTHER OPERATING INCOME

Other operating  income increased by $311,000 for the six and three months ended
June  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 services charges and sales of mutual funds in 1999. See
note (5) of the notes to the unaudited consolidated financial statements.  Other
income includes  recoveries of interest on loans on nonaccrual in prior years of
$202,000  and $45,000 for the six and three month  periods  ended June 30, 1999,
respectively.

OTHER OPERATING EXPENSES

Other operating  expenses  increased $156,000 from the six months ended June 30,
1998 to the same  period  in 1999.  The  largest  increase  was in  professional
services  expense  which  increased  $196,000.  Approximately  $139,000  of this
increase  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 and fees paid to hire new employees. 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):

                                        Six Months Ended     Three Months Ended
                                             June 30,              June 30,
                                         1999       1998       1999       1998
                                     -------------------------------------------
Other operating expenses               $ 3,944    $ 3,788    $ 1,974    $ 1,928
Other operating expenses
     (annualized)/average assets          4.90       5.31       4.87       5.24%
Other operating expenses/net interest
     income and other operating income    70.9%      78.9%      67.7%      80.0%
                                     ===========================================

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  engaged an outside
consultant to assist the Company in reviewing all significant business processes
during 1999.  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  are  expected  to be less than
$150,000.  Although the Company  expects the cost of this review to be recovered
through productivity and revenue enhancements,  there are no assurances that the
expected  results  will be  achieved.  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 1999.



                                       16
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

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.



                                       17
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

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



                                       18
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

COST OF YEAR 2000 READINESS - The Company currently estimates that it will incur
additional  incremental  out-of-pocket  costs of  about  $113,000.  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  $120,000 through June 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 $131,000  and
$71,000  during the six and three months  ended June 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.


                                       19
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                                  JUNE 30, 1999
                                   (Unaudited)

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 14% at June 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 six 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 June 30,  1999,  West  Coast had cash and  short  term  investments  totaling
$344,000. 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 has a note payable of $417,000
due to its  Chairman.  The maturity  date on this note payable was June 30, 1999
and has been extended until June 30, 2000.  West Coast's  projected debt service
for the remainder of 1999 is expected to total $42,000.  West Coast  anticipates
that other operating expenses will be approximately $54,000 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 13.30%,  14.55% and 10.70% Tier 1 risk-based  capital,
total  risk-based  capital and leverage  ratio at June 30,  1999,  respectively.
Sunwest  had a 13.80%,  15.05%  and  11.10%  Tier 1  risk-based  capital,  total
risk-based capital and leverage ratio at June 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 June 30,
1999.


                                       20
<PAGE>
                       WEST COAST BANCORP AND SUBSIDIARIES
                                  JUNE 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
-----------------------------------------------------------------
West Coast Bancorp held its Annual Meeting of  Shareholders  (the  "Meeting") on
June 22, 1999.

At the Meeting,  the  following  individuals  were elected to serve as directors
until the 2000 Annual  Meeting of  Shareholders  and until their  successors are
elected and have qualified:

                                                              Authority
Name of Director                        Votes For             Withheld

Robert W. Hodgson                       5,515,409             81,578
Eric D. Hovde                           5,509,359             87,628
James G. LeSieur, III.                  5,515,889             81,098
Richard L. Shepley                      5,514,289             82,698


Item 5.  Other Information
-------------------------------
NONE

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

         Exhibit 27 - Financial Data Schedule for June 30, 1999

(b)      Reports on Form 8-K

         None


                                       21
<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 13, 1999
      --------------------------------------     ----------------------
      Eric D. Hovde                              Date
      Chief Executive Officer





      /s/Frank E. Smith                          August 13, 1999
      --------------------------------------     ----------------------
      Frank E. Smith                             Date
      Chief Financial Officer



                                       22
<PAGE>