SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

For  the  quarterly  period  ended:  June  30,  2002

Commission  File  No:  0-49879

                                 MISSION BANCORP
                (Name of small business as specified in charter)

                                   California
                 (State or other jurisdiction of incorporation)

                                   73-1631401
                      (IRS Employer Identification Number)

                    1330 Truxtun Avenue Bakersfield, CA 93301
                                 (661) 859-2500
          (Address and telephone number of principal executive offices)

Indicate  by  check mark 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    .
           ---

State the number of shares outstanding of each of the issuer's classes of common

equity, as of the June 30, 2002 (latest practicable date):

Common  Stock:     558,104

Transitional  Small  Business  Disclosure  Format  (check  one):  YES    ;  NO X
                                                                      ---


<PAGE>
                                         PAGE
                                         ----

PART  I  -  FINANCIAL  INFORMATION

Item  1.  Financial  Statements

Balance Sheets at June 30, 2002 and December 31, 2001. . . . . . . . . . . . . 1
Statements  of  Operations  for  the  Three  and  Six  Months  Ended
  June 30, 2002 and 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Statements  of  Cash  Flows  for  the  Six  Months  Ended
  June 30, 2002 and 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Notes to Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . 4

Item  2.  Management's  Discussion  and  Analysis  of  Financial  Condition
          and Results of Operations. . . . . . . . . . . . . . . . . . . . . . 5

PART II - OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . . . . 7

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8


<PAGE>
<TABLE>
<CAPTION>
                         PART I - FINANCIAL INFORMATION

Item  1.  Financial  Statements

                         MISSION BANCORP AND SUBSIDIARY
                      CONSOLIDATED CONDENSED BALANCE SHEETS
                    (UNAUDITED - DOLLAR AMOUNTS IN THOUSANDS)


                                                          June
                                                        30,2002
<S>                                                    <C>
ASSETS
------

Cash and Cash Equivalents
Cash and due from banks                                $  2,507
Federal funds sold                                       14,680
                                                       ---------

    Total Cash and Cash Equivalents                      17,187

Time deposits in Other Financial Institutions               297
Investment securities, net                                2,025
Federal Home Loan Bank Stock, at Cost                        14

Loans                                                    42,649
Allowance for Loan Losses                                  (699)
                                                       ---------
     Net Loans                                           41,950

Leasehold improvements, furniture, and equipment, net       319
Accrued interest receivable and other assets                529
                                                       ---------

    TOTAL ASSETS                                       $ 62,321
                                                       =========


LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------

Deposits
  Demand deposits                                      $ 15,072
  Savings and NOW accounts                                3,613
  Money market                                           18,661
  Time certificates                                      17,556
  Public Funds                                              437
                                                       ---------

    Total Deposits                                       55,339

Other Borrowings                                            792

Accrued Interest Payable and Other Liabilities              218
                                                       ---------

    Total Liabilities                                    56,349
                                                       ---------

Shareholders' Equity

  Common Shares                                           5,610
  Accumulated Earnings                                      346
  Accumulated Other Comprehensive Income                     16
                                                       ---------

    Total Shareholders' Equity                            5,972
                                                       ---------

    TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY         $ 62,321
                                                       =========
</TABLE>

The accompanying notes are an integral part of these condensed financial
statements.


<PAGE>
<TABLE>
<CAPTION>
                              MISSION BANCORP AND SUBSIDIARY
                     CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
             (UNAUDITED - DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)


                                 For the Three Months Ended     For the Six Months Ended
                                          June 30,                     June 30,
                               -----------------------------  ---------------------------
                                    2002           2001           2002          2001
                               --------------  -------------  ------------  -------------
<S>                            <C>             <C>            <C>           <C>
Interest Income                $          826  $         832  $      1,641  $       1,604
Interest Expense                          223            322           444            631
                               --------------  -------------  ------------  -------------

    Net Interest Income                   603            510         1,197            973
Provision for Loan Losses                  55             53           130             98
                               --------------  -------------  ------------  -------------

Net Interest Income after
    Provision for Loan Losses             548            457         1,067            875

Non-Interest Income                        65             69           124            111
Non-Interest Expense                      490            396           893            705
                               --------------  -------------  ------------  -------------

    Income before Taxes                   123            130           298            281
Income Taxes                               51             54           127             55
                               --------------  -------------  ------------  -------------

    Net Income                 $           72  $          76  $        171  $         226
                               ==============  =============  ============  =============
Per Share Data:
    Net Income - Basic         $         0.13  $        0.14  $       0.31  $        0.41
    Net Income - Diluted       $         0.13  $        0.14  $       0.30  $        0.40
</TABLE>

The  accompanying  notes  are  an  integral  part  of  these condensed financial
statements.


<PAGE>
<TABLE>
<CAPTION>
                         MISSION BANCORP AND SUBSIDIARY
                CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                    (UNAUDITED - DOLLAR AMOUNTS IN THOUSANDS)


                    SIX MONTHS ENDED JUNE 30, 2002 AND 2001


                                                             -------------------
                                                               2002      2001
                                                             --------  ---------
<S>                                                          <C>       <C>
OPERATING ACTIVITIES
 Net Income                                                  $   171   $    226
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Gain on other real estate owned                                 -         16
   Unrealized holding gain (loss)                                 16         22
   Provision for Loan Losses                                     130         98
   Depreciation and amortization                                  48         37
   Decrease (increase) in Other Assets and Int. Receivable       (41)        25
   Increase in deferred income taxes                             (11)         -
   Increase (decrease) in other liabilities                     (162)        32
                                                             --------  ---------

          Net Cash Provided by Operating Activities              151        456
                                                             --------  ---------

INVESTING ACTIVITIES
 Proceeds from maturing, called or sold investments              696        800
 Purchases of investment securities                           (3,420)    (5,001)
 Net activity in loans made to customers                      (1,462)    (7,464)
 Purchases of Premises and Equipment                            (128)      (159)
                                                             --------  ---------

          Net Cash Used in Investing Activities               (4,314)   (11,824)
                                                             --------  ---------

CASH FLOWS FROM FINANCING ACTIVITIES
 Net increase in deposits                                      4,796     10,797
 Increase (decrease) in repurchase agreements                    455        478
 Common stock proceeds                                            31          -
                                                             --------  ---------

          Net Cash Provided by Financing Activities            5,282     11,275
                                                             --------  ---------

Net Increase in Cash and Cash Equivalents                      1,119        (93)

Cash and Due from Banks at beginning of period                 1,388      2,178
                                                             --------  ---------

Cash and Due from Banks at end of period                     $ 2,507   $  2,085
                                                             ========  =========
</TABLE>

For  purposes of reporting cash flows, cash and cash equivalents include cash on
hand  and  amounts  due  from  banks.

The  accompanying  notes  are  an  integral  part  of  these condensed financial
statements.


<PAGE>
Note 1.  Basis  of  Presentation  and  Disclosure

The  accompanying  unaudited  consolidated  condensed  financial  statements  of
Mission Bancorp (the "Company") have been prepared in accordance with accounting
principles  generally  accepted  in  the  United  States  of America for interim
financial  information  and  with  the instructions to Form 10-QSB. Accordingly,
they  do not include all of the information and footnotes required by accounting
principles  generally  accepted  in  the  United  States of America for complete
financial  statements. In the opinion of management, all adjustments (consisting
only  of  normal  recurring  accruals)  considered  necessary  for the financial
statements  not  to  be misleading have been included. Operating results for the
six  month  period  ended  June  30, 2002, are not necessarily indicative of the
results  that  may  be expected for the full year. All capitalized terms used in
these  notes to consolidated condensed financial statements that are not defined
herein have the meanings given to them in such consolidated financial statements
and  notes  to  consolidated  financial  statements.

All  material  intercompany  balances  and  transactions  have  been eliminated.

The Company is a bank holding company regulated by the Federal Reserve that owns
100%  of the outstanding capital stock of  Mission Bank ("Bank"). The Company is
organized  under  the  laws  of the State of California,  and is a member of the
Federal  Reserve  System  whose  deposits  are  insured  by  the Federal Deposit
Insurance  Corporation. The Bank provides a full range of commercial banking and
consumer  banking  services  to  businesses  and  individuals.  The  Company  is
regulated  by  the  Federal  Reserve  and  various  state  agencies.


Following  is  information  about the computation of earnings per share data for
the  three  and  six  months  ended  June  30,  2002  and  2001.
Income  (numerator)  amounts  are  in  thousands  of  dollars.

<TABLE>
<CAPTION>
                                         Three Months Ended June 30,2002
                                       ------------------------------------
                                         Income        Shares     Per-Share
                                       (Numerator)   (Denominator)  Amount
                                       ------------  -------------  -------
<S>                                    <C>           <C>            <C>
Basic EPS
  Income available to common
stockholders                           $         72        558,104  $   .13
                                                                    =======
  Effect of dilutive securities stock             -          4,923
options                                ------------  -------------

Diluted EPS
  Income to common stockholders        $         72        563,027  $   .13
                                                     =============  =======
</TABLE>

<TABLE>
<CAPTION>
                                          Three Months Ended June 30,2001
                                       --------------------------------------
                                         Income         Shares     Per-Share
                                       (Numerator)   (Denominator)  Amount
                                       ------------  -------------  ---------
<S>                                    <C>           <C>            <C>
Basic EPS
  Income available to common
stockholders                           $         76        554,324  $   .14
                                                                    =======
  Effect of dilutive securities stock             -          5,245
options                                 ------------  -------------

Diluted EPS
  Income to common stockholders        $         76        559,569  $   .14
                                                     =============  =======
</TABLE>

<TABLE>
<CAPTION>
                                           Six Months Ended June 30,2002
                                       -------------------------------------
                                         Income         Shares     Per-Share
                                       (Numerator)   (Denominator)  Amount
                                       ------------  -------------  --------
<S>                                    <C>           <C>            <C>
Basic EPS
  Income available to common
stockholders                           $        171        558,104  $   .31
                                                                    =======
  Effect of dilutive securities stock             -          4,923
options                                ------------  -------------

Diluted EPS
  Income to common stockholders        $        171        563,027  $   .30
                                                     =============  =======
</TABLE>

<TABLE>
<CAPTION>
                                           Six Months Ended June 30, 2001
                                       -------------------------------------
                                         Income         Shares     Per-Share
                                       (Numerator)   (Denominator)  Amount
                                       ------------  -------------  --------
<S>                                    <C>           <C>            <C>
Basic EPS                              $        226        554,324  $   .41
                                                                    =======
  Income available to common
stockholders
  Effect of dilutive securities stock             -          5,245
options                                ------------  -------------

Diluted EPS
  Income available to common
stockholders                           $        226        559,569  $   .40
                                                     =============  =======
</TABLE>


ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

The  following  discussion  and  analysis  presents a review of the consolidated
condensed  operating  results and financial condition of Mission Bancorp and its
subsidiary  for  the  six  month  period  ended  June  30,  2002  and  2001.

DISCUSSION  OF  FINANCIAL  CONDITION  CHANGES FROM DECEMBER 31, 2001 TO JUNE 30,
2002

Total assets increased by $5.3 million or 9.3%, from $57 million at December 31,
2001,  to $62.3 million at June 30, 2002.  The increase was invested principally
in loans to bank customers and federal funds sold.  The increase in total assets
was  primarily  due  to  an  increase  in  deposits.

Short-term  investments, consisting of federal funds sold and available for sale
investments,  increased  $2.7  million, or 18.8% to $17 million at June 30, 2002
from  $14.3 million at December 31, 2001.  Net loans to bank customers increased
$1.3  million, or 3.2% from $40.6 million at December 31, 2001 to $42 million at
June  30,  2002.

The  Allowance  for  Loan  Losses management's analysis of the level adequate to
provide for reasonably foreseeable losses, based upon the following factors: (1)
the  credit  condition  of  the  bank's loan customers, including the underlying
collateral,  if  any;  (2)  the  general  business  economic conditions; (3) the
average  maturity  of  the  loan  portfolio; and (4) historical experience.  The
general  valuation  allowance  is  maintained  to  cover  losses  inherent  in a
portfolio  of  performing loans.  The specific valuation allowance is maintained
to  cover  losses  on  loans for which full collectability may not be reasonably
assured.

Deposits increased $4.8 million, or 9.5% from $50.5 million at December 31, 2001
to  $55.3  million at June 30, 2002.  Non-interest bearing deposits increased $3
million  and  interest-bearing  deposits  increased  $1.8 million.  Non-interest
bearing  deposits  were $15 million at June 30, 2002 or 27.2% of total deposits.


<PAGE>
ASSET  QUALITY  AND  NON-PERFORMING  ASSETS

The  Company's  classified  loans  were $1,669,800 as of June 30, 2002 (3.98% of
total  loans).  Assets  which  are  classified are those deemed by management as
inadequately  protected  by  the  current sound worth and paying capacity of the
obligor or of the collateral pledged, if any. Assets, which are classified, have
a  well-defined  weakness  or  weaknesses that jeopardize the liquidation of the
debt.  They  are characterized by the distinct possibility that the Company will
sustain  some  loss  if  the  deficiencies  are  not  corrected.


                                                     June 30, 2002
Classified  Loans  &  Discount                       $1,669,800
Other  Real  Estate  Owned  &  Repossessions         $-
Total  Classified  and  Other                        $1,669,800
Percent  Classified  and  Other/Total  Loans                3.98%
Gross  Loans  &  Discount                            $41,950,422


In  management's  best  judgment,  all  non-performing  assets  are either fully
collateralized  or  appropriately  reserved based on circumstances known at this
time.


CAPITAL

Stockholder's  equity  increased  $192  thousand  or  3.3%  from $5.8 million at
December  31, 2001 to $6 million at June 30, 2002.  The increase is attributable
to  an  increase  in  accumulated  earning of $171 thousand and exercised common
stock  options  of  $31  thousand.

The company and subsidiary bank are subject to capital requirements administered
by  regulatory  banking agencies.  These agencies require the bank meet specific
capital  adequacy guidelines that involve quantitative measures of their assets,
liabilities,  and certain off-balance sheet items as calculated under regulatory
accounting  practices.  The  company  and  bank's capital classification is also
subject  to  qualitative  judgment  by  the regulators about interest rate risk,
concentrations  of  credit  risk,  and  other  factors.
In  accordance  with  risk-based  capital  guidelines established by the Federal
Reserve Board, the bank is required to maintain a minimum ratio of total capital
to  risk  weighted  assets,  and  minimum  leverage ratios included in the table
below.  In  addition  to maintaining capital at or above the minimum established
ratios, banks are expected to diversify risk, including minimizing interest rate
risk  exposure,  maintain  excellent  control systems, good earnings, high asset
quality, high liquidity, and in general be considered strong organizations.  The
bank's  ratios  are  listed  below.

     Capital  Ratios                   June 30, 2002           Adequate
     Total  risk-weighted  capital        13.99%               >  8.00%
     Tier  I  risk-weighted  capital      12.74%               >  4.00%
     Tier  I  leverage  ratio             10.24%               >  4.00%

LIQUIDITY

The  company's principal source of liquidity and funding are through its diverse
deposit  base.  For  banks,  liquidity  is the ability to meet loan commitments,
withdrawals  of deposit funds, and operating expenses.  The level of deposits is
influenced  by  general  interest rates, national and local economic conditions,
and  competition.  The  company's  liquidity  at  June  30,  2002 includes: $2.5
million  in  cash  and  due  from banks; $14.7 million in overnight invested fed
funds;  short  term  available-for-sale  investments  of  $2  million.

RESULTS  OF  OPERATIONS

The  results of operations are compared for the three and six months ending June
30,  2002  to  June  30,  2001.  Net  income for the three months and six months
ending  June  30, 2002 was $72 thousand and $171 thousand respectively.  This is
compared  to  $76  thousand  and  $226  thousand  for  the same periods in 2001.
Earnings for the six months ending June 30, 2002 were impacted by the decreasing
rate  environment,  accompanied  by  the  banks  lower loan demand, thus pushing
investments  into  the lower yielding fed funds.  In addition, the bank invested
non-recurring expenses in preparing a new branch to open on June 3, 2002.


<PAGE>
NET  INTEREST  INCOME

Net  interest  income  before  provision  for  loan losses for the three and six
months  ending  June  30,  2002 was $603 thousand and $1.2 million respectively,
compared  to $510 thousand and $973 thousand for the same periods in 2001.  This
was  an  increase  of  18.3% and 23% in 2002 for the three and six month periods
over  2001.

Interest  income  from  investment  securities,  fed funds, and time deposits in
other  banks decreased by  $4 thousand for the three months ending June 30, 2002
as  compared  to the same period for 2001, and decreased by $30 thousand for the
six  months ending June 30, 2002 when compared to the six months ending June 30,
2001.  The  decreased earnings are due primarily to the significantly lower rate
environment during 2002, coupled with the replacement of higher yielding matured
investments  with  lower  interest  yields.

Interest  and  fees  on loans for the three months ending June 30, 2002 and 2001
were  $749  and  $750  respectively.  For  the  six months ending June 30, 2002,
interest  and fees on loans increased a very moderate $67 thousand over the same
period  for  2001.  Although  the  bank  experienced an increase in average loan
balances  outstanding,  this  increase  was  offset  by  lower  interest  rates.

Interest  expense on deposits and other borrowings decreased by $98 thousand and
$186  thousand for the three and six month periods respectively in 2002 from the
same  periods  in  2001.  The  major  contributing factor to the decrease is the
dramatic  fall  in  interest  rates from the beginning of 2001 to June 30, 2002.
Although  the  bank  experienced  a  $9.7  million  increase in interest-bearing
deposit balances from June 30, 2001 to June30, 2002 the majority of the increase
was  in  the  lower  rate  Money  Market  accounts.

Interest  expense  on savings and interest-bearing DDA accounts, including Money
Market  accounts,  decrease $8 thousand or 8.7% for the three months ending June
30,  2002  from June 30, 2001.  For the six months ending June 30, 2002 interest
expense  for  the  same  category  decreased $32 thousand or 18.1% from the same
period  in  2001.  Interest  expense  on Time deposits decreased $91thousand, or
40.6%  and  $152  thousand,  or  34.5% respectively for the three months and six
months ending June 30, 2002 from the same period in 2001.


OPERATING  EXPENSES

Operating  expenses  increased  by $94 thousand for the three months ending June
30,  2002  over  the same period of 2001 from $396 thousand to $490, and by $188
thousand  for the six months ending June 30, 2002 over the same period for 2001.
Salaries and benefits increased by $44 thousand for the three months ending June
30, 2002, and by $104 thousand for the six months ending June 30, 2002, over the
same  periods  respectively  for  2001.  These  increases  were  for  additional
staffing  brought  in for the new branch, and increases in benefit costs.  Other
operating  expenses  increased  $51 for the three months ending June 30,2002 and
$80  thousand  for  the  six months ending June 30, 2002 as compared to the same
periods in 2001.  These increases were from increases in depreciable assets, and
start  up  costs  for  the  new  branch.

PROVISION  FOR  LOAN  LOSSES

Management  recognizes  that  although its best judgment is used in underwriting
loans, industry experience dictates that a certain portion of the loan portfolio
is  at  risk  of  becoming  delinquent  or the bank may experience losses due to
factors beyond their control, such as changes in market conditions affecting the
credit  of  the  borrower.  Accordingly, management has established an allowance
for loan losses, which totals $699 thousand at June 30, 2002.  The bank does not
have any losses during or preceding this reporting period.  The bank's allowance
for  loan  losses  was  analyzed and determined to be adequate at June 30, 2002.

PROVISION  FOR  INCOME  TAXES

The  company  has  recorded deferred tax assets based on its estimates of future
taxable  income  that  deductible  temporary  differences and carry forwards are
expected  to be available to reduce such taxable income.  Deferred tax assets at
June  30,  2002  are  $215  thousand.


<PAGE>
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  Securities  Holders

      None.

Item 5.  Other  Information

      None.

Item 6.  Exhibits  and  reports  on  Form  8-K

(a) The  following  exhibits  are  filed  as  part  of  this  report.
99.1  Certification  of  Chief  Executive  Officer
99.2  Certification  of  Chief  Financial  Officer


(b) Reports on Form 8-K. The following reports on Form 8-K were filed during the
period  covered  by  this  report:

      None.


<PAGE>
                                   SIGNATURES

In  accordance  with  Section  13  or  15(d) of the Securities Exchange Act, the
registrant  caused  this  report  to be signed on its behalf by the undersigned,
thereunto  duly  authorized.

                      MISSION  BANCORP
August 16, 2002       By: /s/ Richard Fanucchi
                          ----------------------
                      Name: Richard Fanucchi
                      Title: President


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has  been  signed below by the following persons on behalf of the Registrant and
in  the  capacities  and  on  the  dates  indicated;

Signature                               Title                    Date
(i)  Principal Executive Officer:     President                  August 16, 2002
/s/  Richard  Fanucchi
----------------------
Richard  Fanucchi
(ii) Principal Accounting and         Chief Financial Officer    August 16, 2002
Financial Officer
/s/  Craig  Swenson
-------------------
Craig  Swenson


EXHIBIT  INDEX

99.1     Certification  of  Chief  Executive  Officer
99.2     Certification  of  Chief  Financial  Officer


                                  END OF FILING


<PAGE>