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, 2000



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

                                  EXCHANGE ACT

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

                         COMMISSION FILE NUMBER: 0-10897


                               WEST COAST BANCORP

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

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


                               535 E. FIRST STREET
                          Tustin, California 92780-3312

                    (Address of principal executive offices)


                                 (714) 730-4499


              (Registrant's telephone number, including area code)

                                       N/A

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

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

                                    YES X NO

                                     --- ---

              Number of shares outstanding of each of the issuer's

                classes of common equity as of October 31, 2000:

                                    9,328,942


             Transitional Small Business Disclosure Format Yes No X

                                      -- --


                   This document contains a total of 19 pages.

<PAGE>

                          PART I. FINANCIAL INFORMATION

                          ITEM 1. Financial Statements

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


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

ASSETS

<S>                                                                                <C>          <C>

Cash and due from banks ........................................................   $  11,021    $   5,574
Federal funds sold .............................................................          --        6,250
Investment securities available-for-sale
     at fair value .............................................................      41,594       39,492
Loans ..........................................................................     126,505      133,008
Less allowance for loan losses .................................................      (2,499)      (2,457)
                                                                                   ----------------------
     Net loans .................................................................     124,006      130,551
                                                                                   ----------------------
Real estate owned, net .........................................................           7          502
Premises and equipment, net ....................................................         971        1,041
Deferred taxes .................................................................       1,073        1,976
Other assets ...................................................................       1,442        1,437
                                                                                   ----------------------
                                                                                   $ 180,114    $ 186,823
                                                                                   ======================

LIABILITIES
Deposits:


     Demand, non interest-bearing ..............................................   $  59,637    $  53,723
     Savings, money market & interest-bearing demand ...........................      49,557       50,738
     Time certificates under $100,000 ..........................................      13,911       22,273
     Time certificates of $100,000 or more .....................................      27,562       31,912
                                                                                   ----------------------
     Total deposits ............................................................     150,667      158,646

Federal Home Loan Bank borrowings ..............................................       7,000        8,000
Other borrowed funds ...........................................................         504          541
Capital lease obligation .......................................................          35          158
Other liabilities ..............................................................       1,844        1,516
                                                                                   ----------------------
     Total liabilities .........................................................     160,050      168,861

Commitments and contingencies

Minority interest in subsidiary ................................................       9,010        8,045
                                                                                    ---------------------

SHAREHOLDERS' EQUITY
Common stock, no par value - 30,000,000
     shares authorized, 9,328,942 shares
     issued and outstanding in 2000 and 1999 ...................................      30,351       30,351
Accumulated deficit ............................................................     (18,663)     (19,737)
Accumulated other comprehensive income - net of tax ............................        (634)        (697)

                                                                                   ----------------------
     Total shareholders' equity ................................................      11,054        9,917
                                                                                   ----------------------
                                                                                   $ 180,114    $ 186,823
                                                                                   ======================

</TABLE>
          (See accompanying notes to consolidated financial statements)


<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                         CONSOLIDATED INCOME STATEMENTS
                                  (Unaudited)

                       (in thousands, except share data)
<TABLE>
<CAPTION>

                                       Three Months Ended    Nine Months Ended
                                         September 30,          September 30,
                                        2000        1999        2000    1999
                                       --------------------------------------
<S>                                    <C>       <C>       <C>       <C>

INTEREST INCOME:
Loans, including fees ..............   $ 3,212   $ 3,088   $ 9,757   $ 8,465
Federal funds sold .................         0        22         6        61
Investment securities ..............       905       558     2,571     1,570
                                       -------------------------------------
     Total interest income .........     4,117     3,668    12,334    10,096

INTEREST EXPENSE:
Interest on deposits ...............       925       844     2,873     2,225
Other ..............................       161       113       493       263
                                       -------------------------------------
     Total interest expense ........     1,086       957     3,366     2,488
                                       -------------------------------------
     Net interest income ...........     3,031     2,711     8,968     7,608

Provision for loan losses ..........        20        --        20        --
                                        ------------------------------------
     Net interest income after
     provision for loan losses .....     3,011     2,711     8,948     7,608

Other operating income .............       222       400       676     1,064
Other operating expenses ...........     2,197     1,899     6,147     5,843
Minority interest in net income
  of subsidiary ....................       278       504       915     1,177
                                       -------------------------------------
     Income before income taxes ....       758       708     2,562     1,652

Income tax expense .................       446        90     1,488       221
                                       -------------------------------------

     Net income ....................   $   312   $   618   $ 1,074   $ 1,431
                                       ======================================

Basic and diluted earnings per share   $   .03   $   .07   $   .12   $   .15
                                       ======================================

</TABLE>
          (See accompanying notes to consolidated financial statements)


<PAGE>

                       WEST COAST BANCORP AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                  (Unaudited)

<TABLE>
<CAPTION>

                                           Three Months Ended  Nine Months Ended
                                             September 30,        September 30,
(in thousands)                              2000     1999        2000      1999
                                          --------------------------------------
<S>                                       <C>       <C>        <C>       <C>

Net income ............................   $   312   $   618    $ 1,074   $ 1,431

Other comprehensive income, net of tax:
  Unrealized gain (loss) on
  available-for-sale investments
  arising during period ...............       269       (91)        63      (238)
                                          --------------------------------------

Other comprehensive gain (loss) .......       269       (91)        63      (238)
                                          --------------------------------------

Comprehensive income ..................   $   581   $   527    $ 1,137   $ 1,193
                                          ======================================
</TABLE>

          (See accompanying notes to consolidated financial statements)

<PAGE>

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

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


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

<S>                               <C>     <C>       <C>        <C>          <C>


Balance at December 31, 1999      9,329   $30,351   $  (697)   $   (19,737) $  9,917
Net income ..................        --        --        --          1,074     1,074
Change in net unrealized
  loss on available-for-sale
  investments ...............        --        --        63             --        63
                                 ---------------------------------------------------
Balance at September 30, 2000     9,329   $30,351   $  (634)   $   (18,663) $ 11,054

                                 ===================================================
</TABLE>




CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                         Nine Months Ended
                                                           September 30,
(in thousands)                                          2000          1999
                                                      --------------------------


<S>                                                       <C>        <C>
Cash flows from operating activities:
Net income ............................................   $ 1,074    $ 1,431
Adjustments to reconcile net income to net
  cash provided by operating activities:
  Depreciation and amortization .......................       383        227
  Amortization and accretion from investment securities        34        341
  Loss on sale of securities ..........................        16         --
  Provision for credit losses .........................        20         --
  Minority interest in net income of subsidiary .......       915      1,177
  Write-down of real estate owned .....................        20         20
  Gain on sale of real estate owned ...................       (79)        --
  Deferred tax benefit ................................       832        (47)
Increase in other assets ..............................        (5)       (29)
Increase (decrease) in other liabilities ..............       328        (86)
                                                          -------------------
Net cash provided by operating activities .............     3,538      3,034


</TABLE>

                                                           (Continued)

          (See accompanying notes to consolidated financial statements)


<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                    Nine Months Ended
(in thousands)                                                                        September 30,
                                                                                   2000           1999
<S>                                                                               <C>           <C>

Cash flows from investing activities ...........................................
   Proceeds from maturities and paydowns of investment securities
     available-for-sale ........................................................      2,974       3,831
   Purchase of investment securities available-for-sale ........................     (4,942)     (9,813)
   Decrease (increase) in loans ................................................      6,525     (25,064)
   Proceeds from sales of real estate owned ....................................        554         361
   Purchase of premises and equipment ..........................................       (313)       (462)
                                                                                    --------------------
   Net cash provided by (used in) investing activities .........................      4,798     (31,147)


Cash flows from financing activities:


   Net (decrease) increase in deposits .........................................     (7,979)     18,580
   Principal payments on other borrowed funds ..................................        (37)        (36)
   Repayment of capital lease obligation .......................................       (123)        (74)
   (Repayments) borrowings of funds from the
    Federal Home Loan Bank .....................................................     (1,000)      6,000
   Stock options exercised .....................................................         --          77
                                                                                   --------------------
   Net cash (used in) provided by financing activities .........................     (9,139)     24,547
                                                                                   --------------------
Decrease in cash and cash equivalents ..........................................       (803)     (3,566)

Cash and cash equivalents at beginning of year .................................     11,824      13,834
                                                                                   --------------------
Cash and cash equivalents at end of year .......................................   $ 11,021    $ 10,268
                                                                                   ====================


Supplemental  disclosures of cash flow information:
  Cash paid during the period for:
     Interest ..................................................................   $  3,479    $  2,430
     Income taxes ..............................................................        340          95


Supplemental schedule of non-cash investing and financing activities:

     Transfer of loans to REO ..................................................   $     --    $    361

</TABLE>

          (See accompanying notes to consolidated financial statements)


<PAGE>


                       WEST COAST BANCORP AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2000


                                  (Unaudited)


(1)      BASIS OF PRESENTATION


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

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

(2)      RECENT ACCOUNTING PRONOUNCEMENTS

         In June 1998, the FASB issued SFAS No. 133,  "Accounting for Derivative
         Instruments and Hedging Activities." SFAS No. 133 requires companies to
         record  derivatives  on the  balance  sheet as assets  or  liabilities,
         measured at fair value.  Gains or losses  resulting from changes in the
         values of those derivatives would be accounted for depending on the use
         of the  derivative and whether it qualifies for hedge  accounting.  The
         key  criterion for hedge  accounting  is that the hedging  relationship
         must be highly effective in achieving  offsetting changes in fair value
         or cash flows.  In June 1999, the FASB issued SFAS No. 137  "Accounting
         for  Derivative  Instruments  and  Hedging  Activities-Deferral  of the
         Effective  Date of FASB Statement No. 133" which deferred the effective
         date of SFAS No. 133 until fiscal years  beginning after June 15, 2000.
         In June 2000,  the FASB  issued  SFAS No. 138  "Accounting  for Certain
         Derivative  Instruments and Certain Hedging  Activities"  which amended
         SFAS No. 133.  Management  believes  that the  adoption of SFAS No. 133
         will not have a material impact on the Company's  results of operations
         or financial position when adopted.



<PAGE>



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

(3)      EARNINGS PER SHARE

         The following is a reconciliation  of basic earnings per share (EPS) to
         diluted EPS for the three and nine month  periods  ended  September 30,
         2000 and 1999.



<TABLE>
<CAPTION>
(dollars and shares in thousands)

                         Three Months Ended                Three Months Ended
                         September 30, 2000                September 30, 1999
                      ----------------------------------------------------------
                       Net               Per Share   Net      Per Share
                      Income    Shares    Amount     Income   Shares    Amount
<S>                   <C>       <C>      <C>        <C>       <C>       <C>
                      ----------------------------------------------------------
Basic EPS:
Income available to
 common shareholders   $ 312    9,329    $   .03    $ 618     9,329     $   .07
Effect of dilutive
 securities:

Stock options ......      --       15         --       --        10          --
                       ---------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions .......   $ 312    9,344    $   .03    $ 618      9,339    $   .07
                       =========================================================
</TABLE>


<TABLE>
<CAPTION>

                        Nine Months Ended             Nine Months Ended
                        September 30, 2000            September 30, 1999
                       ------------------------------------------------------------
                       Net                 Per Share     Net              Per Share
                       Income   Shares     Amount        Income    Shares Amount
<S>                  <C>         <C>       <C>           <C>       <C>    <C>
                       ------------------------------------------------------------
Basic EPS:
Income available to
 common shareholders   $1,074    9,329   $   .12        $1,431    9,290   $   .15
Effect of dilutive
 securities:
Stock options ......       --        9        --           --        13        --
                       ------------------------------------------------------------
Diluted EPS:
Income available to
 common shareholders
 plus assumed
 conversions .......   $1,074    9,338   $   .12       $1,431      9,303   $  .15
                       ============================================================
</TABLE>


<PAGE>


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

 (4)     LOANS

         A summary of loans follows:
<TABLE>
<CAPTION>

                                              September 30,  December 31,
 (in thousands)                               2000           1999
                                             ---------------------------
<S>                                           <C>             <C>

Commercial loans not secured by real estate   $  37,183       $  42,162
Real estate mortgage loans ................      84,803          87,548
Real estate construction ..................       3,200           1,957
Personal loans not secured by real estate .       1,612           1,698
Unearned income, discounts and fees .......        (293)           (357)
                                              --------------------------
                                              $ 126,505       $ 133,008
                                              ==========================
</TABLE>
(5)      OTHER OPERATING INCOME

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

                                             Three Months Ended  Nine Months Ended
                                                September 30,     September 30,
         (in thousands)                           2000   1999     2000     1999
                                             -----------------------------------


<S>                                           <C>      <C>      <C>      <C>

Depositor charges ........................   $  174   $  218   $  555   $  587
Service charges, commissions
  & fees .................................       25       24       85      106
Other income .............................       23      158       36      371
                                              ----------------------------------
                                              $  222  $  400   $  676   $1,064
                                              ==================================
</TABLE>


(6)      OTHER OPERATING EXPENSES

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

                                          Three Months Ended   Nine Months Ended
                                            September 30,       September 30,
         (in thousands)                     2000       1999      2000       1999
                                           ----------------------------------------
         <S>                               <C>       <C>       <C>        <C>

         Salaries and employee benefits    $   963   $   852   $ 2,914    $ 2,766
         Customer service ..............       230       170       644        485
         Occupancy .....................       223       216       710        587
         Professional services .........       191       158       363        512
         Data processing ...............       165       150       448        432
         Depreciation and amortization .       122        80       383        226
         Advertising and promotion .....        50        72       133        208
         Stationery and supplies .......        33        22        81         87
         Telephone and telefax .........        27        25        71         77
         Printing & postage ............        16        30        53         83
         Regulatory fees and assessments        15         9        42         26
         Insurance .....................         9        10        28         29
         Net cost of operation of REO ..         6        11       (97)        39
         Collection ....................         2        12        21         27
         Miscellaneous .................       145        82       353        259
                                          ----------------------------------------
                                           $ 2,197   $ 1,899   $ 6,147    $ 5,843
                                          ========================================
</TABLE>

<PAGE>


PART I

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results
        of Operations


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

Certain  statements  in this Report on Form 10-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
and government regulation.  For additional information concerning these factors,
see "Item 1. Business - Summary of Business  Considerations  and Certain Factors
that May Affect Future  Results of Operations  and/or Stock Price"  contained in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 1999.

GENERAL

The Company recorded net income of $312,000 and $1,074,000, or $.03 and $.12 per
share,  during the three and nine month  periods  ended  September  30, 2000, as
compared with income of $618,000,  and  $1,431,000,  or $.07 and $.15 per share,
during the same respective periods in 1999. The 2000 figures include the effects
of recording a tax  provision of $446,000  and  $1,488,000  during the three and
nine month periods of 2000 compared to $90,000 and $221,000 in 1999.

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

                September 30,  December 31,  September 30,  December 31,
                   2000             1999         1999           1998
(in thousands)  ---------------------------------------------------------
<S>             <C>            <C>          <C>             <C>
Total assets    $180,114       $186,823     $180,431        $153,784
Loans ......     126,505        133,008      134,411         109,547
Deposits ...     150,667        158,646      152,319         133,739

</TABLE>

The $317,000  decrease in total assets from  September 30, 1999 to September 30,
2000,  occurred  primarily  due to a $7.9 million  decrease in loans,  partially
offset by an increase of $7.6 million in investment securities and other assets.
Loan growth has been  hampered by a larger  than normal  number of loan  payoffs
during the nine months of 2000. Lower loan growth can reduce net interest income
growth as funds are invested in lower yielding  securities.  Deposits  decreased
$1.7  million  from a year ago as a result of reducing  the volume of  wholesale
certificates of deposit ("money desk  deposits").  Money desk deposits  declined
$9.2  million  from $24.1  million at  September  30,  1999 to $14.9  million at
September 30, 2000. Branch deposits increased $7.4 million.  Money desk deposits
were reduced due to the lower volume of loans requiring funding.


<PAGE>


RESULTS OF OPERATIONS

NET INTEREST INCOME

The  increase in net  interest  income in 2000  resulted  primarily  from higher
volumes of  average  interest  earning  assets.  The  improved  mix of  deposits
favorably  impacted  net  interest  income.   Average  interest  earning  assets
increased  $9.4  million,  or 5.6% in the three months ended  September 30, 2000
compared to 1999 and increased $23.3 million,  or 15.0% in the nine months ended
September 30, 2000 compared to the same period in 1999.

The net interest margin (yield on interest  earning assets less the rate paid on
interest-bearing liabilities) increased 3 basis points in the three months ended
September  30,  2000  and  declined  6 basis  points  in the nine  months  ended
September  30, 2000  compared to the same  respective  periods in 1999.  The net
yield on interest earning assets (net interest income divided by average earning
assets)  increased  38 basis  points in the third  quarter  of 2000 and 16 basis
points in the nine  months  ended  September  30,  2000 as  compared to the same
periods  in 1999.  This was a result  of an  increase  in the  general  level of
interest  rates  during  the past  year  offset in part by a shift in the mix of
earning  assets and  deposits.  Loan  yields were  significantly  impacted by an
increase in the "prime rate" of 125 basis points from the prior year.

The yield on interest earning assets  increased  primarily due to an increase in
loan yields of 68 basis  points and 51 basis points in the three and nine months
of 2000,  respectively  as compared to the same periods in 1999. This was caused
by the  increase in the prime rate noted  above,  offset in part by  competitive
pressures  on loan  yields in the  Company's  markets.  The yield on  investment
securities  has increased as a result of higher  interest rates and investing in
corporate   bonds   and   extending   maturities.   The   unrealized   loss   on
available-for-sale  investments  has  decreased  as a result  of more  favorable
market conditions. The increase in rates was offset in part, due to a decline in
the  percentage  of loans to total  earning  assets in the three and nine  month
periods of 2000, compared to the same periods in 1999.

Interest expense increased in 2000 as a result of higher interest rates. Average
interest-bearing  liabilities decreased by $600,000 in the third quarter of 2000
and  increased  $14.4 million in the nine months of 2000 as compared to the same
periods in 1999.  The rates paid on  interest-bearing  liabilities  increased 52
basis points and 60 basis points for the third quarter and nine months from year
ago levels due to  increases  in overall  interest  rate  levels.  In  addition,
average   Federal  Home  Loan  Bank   borrowings  as  a  percentage  of  average
interest-bearing liabilities increased to 8.5% in the third quarter of 2000 from
5.7% in the third  quarter of 1999 and  increased  to 8.2% in the nine months of
2000  compared to 4.1% in the nine months of 1999.  Also,  average time deposits
declined  as a  percentage  of  average  interest-bearing  liabilities  in 2000.
Average time deposits as a percentage of interest-bearing  liabilities  declined
to 41.3% in the third  quarter of 2000 from  47.8% in the third  quarter of 1999
and  declined  to 44.6% in the nine months of 2000 from 46.6% in the same period
of 1999.  These  declines  were due to reductions  in money desk  deposits.  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.



<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, 2000 and 1999 (dollars in millions):

<TABLE>
<CAPTION>
                                           Three months ended September 30,
                                                2000                   1999
                                        Average        Yields/  Average     Yields/
                                        Balance        Rates    Balance      Rates
                                      ---------------------------------------------
ASSETS
<S>                                    <C>             <C>    <C>            <C>

Loans, net of unearned income,
     discounts and fees ............   $ 128.5         10.00% $   132.6       9.32%
Investment securities ..............      47.7          7.59       32.6       6.85
Federal funds sold .................       0.0          0.00        1.6       5.37
                                       --------------------------------------------
Total interest earning assets ......     176.2          9.35      166.8       8.80

Allowance for loan losses ..........      (2.5)                    (2.5)
Cash and due from banks ............      10.7                     10.0
Other assets .......................       3.8                      3.9
                                       -------------------------------------------
                                       $ 188.2                $    178.2
                                       ===========================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits ......................   $  43.0          5.81% $    50.0       4.93%
Interest-bearing demand deposits ...      47.7          2.42       42.8       1.97
Savings deposits ...................       4.0          1.29        4.8       1.24
FHLB borrowings ....................       8.8          6.48        6.0       5.10
Other debt .........................       0.5         16.10        1.0      19.30
                                      ---------------------------------------------
Total interest-bearing liabilities .     104.0          4.18      104.6       3.66

Demand deposits ....................      62.2                     54.5
Other liabilities ..................       2.4                      1.4
Minority interest ..................       8.7                      7.8
Shareholders' equity ...............      10.9                      9.9
                                      ---------------------------------------------
                                       $ 188.2                 $  178.2
                                      =============================================
Net interest margin ................                    5.17%                  5.14%
Net yield on interest earning assets                    6.88                   6.50


</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                                              Nine months ended September 30,
                                                 2000                  1999
                                        Average        Yields/   Average    Yields/
                                        Balance        Rates     Balance    Rates
                                        ------------------------------------------
ASSETS
<S>                                    <C>               <C>    <C>          <C>

Loans, net of unearned income,
     discounts and fees ............   $   132.6         9.81% $  121.4       9.30%
Investment securities ..............        45.6         7.52      32.0       6.53
Federal funds sold .................          .1         5.33       1.6       5.02
                                      --------------------------------------------
Total interest earning assets ......       178.3         9.22     155.0       8.68

Allowance for loan losses ..........        (2.4)                  (2.4)
Cash and due from banks ............        10.2                   10.1
Other assets .......................         4.2                    4.0
                                       -------------------------------------------
                                        $  190.3               $  166.7
                                       ===========================================

LIABILITIES AND
SHAREHOLDERS' EQUITY

Time deposits ......................   $    48.7         5.52% $   44.4       4.81%
Interest-bearing demand deposits ...        46.8         2.31      41.1       1.84
Savings deposits ...................         4.6         1.27       4.8       1.37
FHLB borrowings ....................         9.0         6.24       3.9       5.01
Other debt .........................          .5        18.79       1.0      43.30
                                        ------------------------------------------
Total interest-bearing liabilities .       109.6         4.09      95.2       3.49

Demand deposits ....................        59.7                   52.9
Other liabilities ..................         2.0                    1.3
Minority interest ..................         8.4                    7.5
Shareholders' equity ...............        10.6                    9.8
                                        ------------------------------------------
                                        $  190.3                $ 166.7
                                       ===========================================
Net interest margin ................                     5.13%                5.19%
Net yield on interest earning assets                     6.70                 6.54


</TABLE>

<PAGE>

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

                         Three Months                   Nine Months
                        Ended September 30,          Ended September 30,
                       ---------------------------------------------------------
                          Asset/     Interest        Asset/     Interest
                        Liability    Rate            Liability  Rate
                        Changes      Changes Total   Changes    Changes  Total
                       ---------------------------------------------------------
<S>                      <C>       <C>       <C>      <C>      <C>      <C>

Changes in:
     Interest income    $  212    $  237     $  449   $1,585   $  653   $2,238
     Interest expense       (6)      135        129      408      470      878
                        --------------------------------------------------------
Net interest income .   $  218    $  102     $  320   $1,177   $  183   $1,360
                        ========================================================
</TABLE>


There were no loans on which the accrual of interest  had been  discontinued  at
September 30, 2000.  However,  there were loans on which the accrual of interest
had been  discontinued  at September  30, 1999  amounting to $888,000.  If these
loans had been current throughout their terms, it is estimated that net interest
income would have  increased by  approximately  $27,000 in the third  quarter of
1999.  This would have raised the net yield on interest  earning  assets and the
net interest margin by  approximately 6 basis points during the third quarter of
1999.

NONPERFORMING ASSETS AND PROVISION FOR LOAN LOSSES

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

                                    Three Months Ended       Nine Months Ended
                                       September 30,           September 30,
                                     2000       1999       2000          1999
                                      ------------------------------------------
<S>                                   <C>         <C>      <C>        <C>

Allowance for loan losses
     balance at beginning of period   $ 2,472    $ 2,449   $ 2,457    $ 2,444

Charge-offs .......................       (46)        --       (63)       (93)
Recoveries ........................        53        156        85        254
                                      ------------------------------------------
Net recoveries ....................         7        156        22        161

Provision for loan losses .........        20         --        20         --
                                      ------------------------------------------
Allowance for loan losses
     balance at end of period .....   $ 2,499    $ 2,605   $ 2,499    $ 2,605
                                      ==========================================
</TABLE>

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


<PAGE>


Management  believes that the allowance for loan losses at September 30, 2000 of
$2.5 million or 2.0% of loans was adequate to absorb known and inherent risks in
the  Company's  loan  portfolio.  The ultimate  collectibility  of a substantial
portion of the Company's loans, as well as its financial condition,  is affected
by  general  economic  conditions  and the real  estate  market  in  California.
California has experienced,  and may continue to experience,  volatile  economic
conditions.  These conditions have adversely affected certain borrowers' ability
to repay loans.  While  Southern  California  and Orange County  economies  have
exhibited  positive  trends for several  years,  there is no assurance that such
trends will continue.  A deterioration in economic  conditions could result in a
deterioration  in  the  quality  of  the  loan  portfolio  and  high  levels  of
nonperforming  assets,  classified  assets and charge-offs,  which would require
increased  provisions for loan losses and would  adversely  affect the financial
condition and results of operations of the Company.


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


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

Nonaccrual loans ......   $    0    $  505       $  888              $1,360
Loans 90 days past due
     and still accruing       --        --           --                   1
                          -------------------------------------------------
Nonperforming loans ...        0       505          888               1,361
Real estate owned .....        7       502          508                 528
                          -------------------------------------------------
Nonperforming assets ..   $    7    $1,007       $1,396              $1,889
                          =================================================

Nonperforming loans/
    Total loans .......      .00%      .38%        .66%               1.24%
Nonperforming assets/
    Total assets ......      .00%      .54%        .77%               1.23%
                           ================================================
</TABLE>


Nonperforming  assets have  declined  $1,882,000  from  December 31,  1998.  The
decrease is due primarily to the sale of real estate  owned,  one loan placed on
nonaccrual in the second quarter of 1998 that was  subsequently  repaid in 1999,
one real estate owned that was sold in the second  quarter of 2000, and one loan
that was paid off in the third quarter of 2000.

Impaired loans decreased $505,000 from $2.5 million at December 31, 1999 to $2.0
million at September 30, 2000.

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


OTHER OPERATING INCOME


Other operating  income declined by $178,000 and $388,000 for the three and nine
months  ended  September  30, 2000,  as compared  with the same periods in 1999,
primarily as a result of lower other income. Other income includes recoveries of
interest on loans on  nonaccrual  in prior years of $93,000 and $295,000 for the
three and nine month periods  ended  September 30, 1999, as compared to zero for
the same periods in 2000.  See note (5) of the notes to  consolidated  financial
statements.


<PAGE>

OTHER OPERATING EXPENSES


Other operating  expenses  increased $298,000 and $304,000 in the three and nine
months ended  September 30, 2000 from the same periods in 1999. The increase for
the three month  period of 2000 was  primarily  attributed  to the  increases in
salaries and benefits,  customer  services,  and  miscellaneous  expenses  which
increased $111,000,  $60,000,  and $63,000,  respectively.  The increase for the
nine  months of 2000 was due  mainly to  increases  in  salaries  and  benefits,
depreciation  and  amortization,  and customer  service expenses which increased
$148,000, $157,000, and $159,000,  respectively.  The increase was partly offset
by professional services expense which declined $149,000,  and cost of operation
of  REO  which  declined  $136,000.  Approximately  $90,000  of the  decline  in
professional  services  in the  first  nine  months  was the  result of hiring a
consulting  firm to  conduct  a profit  improvement  study  in  1999.  A gain of
$119,000  on the sale of REO was  realized  in the  second  quarter of 2000 that
resulted  to a lower  REO  expense.  See note (6) of the  notes to  consolidated
financial statements. Total other operating expenses expressed in dollars and as
a  percentage  of  total  revenues  and  average  assets  follows   (dollars  in
thousands):
<TABLE>
<CAPTION>

                                        Three Months Ended       Nine Months Ended
                                          September 30,            September 30,
                                         2000       1999           2000       1999
                                       -----------------------------------------------
<S>                                    <C>         <C>           <C>         <C>

Other operating expenses ..............$  2,197    $ 1,899       $  6,147    $  5,843
Other operating expenses
     (annualized)/average assets ......    4.7%       4.3%           4.3%        4.7%
Other operating expenses/net interest
     income and other operating income.   67.5%      61.0%          63.7%       67.4%
                                      ===============================================

</TABLE>

The other operating expense ratios declined during the first nine months of 2000
as a result of  expenses  growing  at a slower  rate than  assets  and  revenue;
however,  ratios went up during the three  months  ended  September  30, 2000 as
compared to the same period in 1999 as the Company  increased  its  salaries and
customer  services  expenses  in the  third  quarter  of 2000.  The  Company  is
currently  assessing its facilities needs in light of its expected future growth
and possible  expansion into other areas of Orange County. The Company relocated
its Orange branch to Anaheim in September 2000. Although no other commitment for
additional  facilities have been made, it is likely that additional  investments
in facilities will be made during 2000.


INCOME TAXES


The Company  recognized  income tax expense of $446,000 and $90,000,  during the
three month periods ended September 30, 2000 and 1999, respectively.  Income tax
expense of $1,488,000 and $221,000 were recognized during the nine month periods
ended September 30, 2000 and 1999, respectively. Income tax expense is higher in
2000 due to higher earnings and due to Sunwest fully recognizing the benefits of
its net  operating tax loss  carryforwards  for  financial  statement  purposes.
Sunwest began  recording  income tax expense at the rate of 41.25% in the fourth
quarter of 1999.



<PAGE>

LIQUIDITY

The Company

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


The principal sources of funds that provide liquidity for Sunwest are maturities
of investment securities and loans, collections on loans, increased deposits and
temporary  borrowings.  The  Company's  liquid  asset  ratio  (the  sum of cash,
investments  available-for-sale,  excluding  pledged amounts,  and Federal funds
sold divided by total  assets) was 16% at September 30, 2000 and 17% at December
31, 1999. The Company believes it has sufficient  liquid  resources,  as well as
available credit facilities, to enable it to meet its operating needs.


THE PARENT COMPANY

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


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

At September 30, 2000, West Coast had cash and short term  investments  totaling
$170,000. No significant cash receipts are expected for the remainder of 2000.

West Coast anticipates cash expenditures  during 2000 to consist of debt service
payments and other operating expenses. West Coast has a note payable of $363,000
due to its Chairman on November 30, 2000. At this time management  believes that
the  maturity  date will be extended  or the note  exchanged  for common  stock;
however,  no  amendments  have yet been made to the note.  Except  for the final
payment  on the note  payable,  West  Coast's  projected  debt  service  for the
remainder  of 2000 is expected to total  $12,000.  West Coast  anticipates  that
other operating  expenses will be approximately  $28,000 during the remainder of
2000.   Funds  to  meet  cash  needs  will  come  from  current  cash  resources
supplemented by sales of assets and possibly dividends from Sunwest.


CAPITAL RESOURCES AND DIVIDENDS


The Company had a 14.10%,  15.36% and 11.26% Tier 1  risk-based  capital,  total
risk-based  capital and  leverage  ratio at September  30,  2000,  respectively.
Sunwest  had a 14.54%,  15.79%  and  11.52%  Tier 1  risk-based  capital,  total
risk-based capital and leverage ratio at September 30, 2000, respectively. These
are above the  regulatory  minimums  of 4.00%,  8.00% and  4.00%,  respectively.
Sunwest is classified as a "Well Capitalized" depository institution.

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



<PAGE>



                       WEST COAST BANCORP AND SUBSIDIARIES

                               SEPTEMBER 30, 2000


                                     PART II

                                OTHER INFORMATION

Item 1.  Legal Proceedings

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

Item 2.  Changes in Securities

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

Item 3.  Defaults Upon Senior Securities

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

Item 4.  Submission of Matters to a Vote of Security Holders
-----------------------------------------------------------------

West Coast Bancorp held its Annual Meeting of  Shareholders  (the  "Meeting") on
August 22, 2000.

At the Meeting,  the  following  individuals  were elected to serve as directors
until the 2001 Annual  Meeting of  Shareholders  and until their  successors are
elected and have qualified:

                                    Authority

Name of Director           Votes For          Withheld
----------------           ---------          --------
Michael A. Cohen           5,942,280           77,183
Robert W. Hodgson          5,936,396           83,067
Eric D. Hovde              5,943,916           75,547
James G. Lesieur           5,940,011           79,452
John H. Norberg            5,944,396           75,067
Richard L. Shepley         5,936,396           83,067


Item 5.  Other Information

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

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


         Exhibit 27 - Financial Data Schedule for September 30, 2000


(b)      Reports on Form 8-K

         None


<PAGE>


                                   SIGNATURES

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

WEST COAST BANCORP



  /s/Eric D. Hovde                                        November 9, 2000

  -----------------------------------------               ----------------------

  Eric D. Hovde                                           Date
  Chief Executive Officer


 /s/Frank E. Smith                                        November 9, 2000

 -----------------------------------------                ----------------------
 Frank E. Smith                                           Date
 Chief Financial Officer