SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C. 20549

                              FORM 10-Q

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

For the Quarterly Period Ended     March 31, 2000    .

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

                   Commission File No. 0-25418 .

                        CENTRAL COAST BANCORP
--------------------------------------------------------------------
        (Exact name of registrant as specified in its charter)


          California                                 77-0367061
-------------------------------                ------------------------
(State or other jurisdiction of                (IRS Employer ID Number)
 incorporation or organization)


 301 Main Street, Salinas, California .                93901.
 --------------------------------------                ------
 (Address of principal executive offices)            (Zip code)


                               (831) 422-6642 .
                               ----------------
                       (Registrant's telephone number,
                             including area code)

                                not applicable
       ---------------------------------------------------------------
       (Former name, former address and former fiscal year, if changed
                              since last report.)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
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
                                                -----    ------

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:

No par value Common Stock - 6,972,430 shares outstanding
at May 9, 2000.

                            Page 1 of 21
           The Index to the Exhibits is located at Page 19



                                       1
<PAGE>
<TABLE>
<CAPTION>



                                       PART I - FINANCIAL INFORMATION
                                        Item 1. FINANCIAL STATEMENTS:
                                    CENTRAL COAST BANCORP AND SUBSIDIARY
                              CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited)

                                                                                    March 31,      December 31,
(In thousands)                                                                        2000            1999
                                                                                   ----------      ----------
<S>                                                                                <C>             <C>
Assets
  Cash and due from banks                                                             $ 37,532       $ 39,959
  Federal funds sold                                                                    26,803              -
                                                                                   ------------    -----------
    Total cash and equivalents                                                          64,335         39,959

  Available-for-sale securities                                                        139,738        145,435

  Loans:
    Commercial                                                                         155,229        159,385
    Real estate-construction                                                            30,310         35,330
    Real estate-other                                                                  200,137        188,600
    Consumer                                                                            10,950         13,003
    Deferred loan fees, net                                                               (697)          (721)
                                                                                   ------------    -----------
       Total loans                                                                     395,929        395,597
    Allowance for loan losses                                                           (6,136)        (5,596)
                                                                                   ------------    -----------
  Net Loans                                                                            389,793        390,001
                                                                                   ------------    -----------

  Premises and equipment, net                                                            3,767          3,888
  Accrued interest receivable and other assets                                          12,269         14,162
                                                                                   ------------    -----------
Total assets                                                                         $ 609,902       $593,445
                                                                                   ============    ===========
Liabilities and Shareholders' Equity
  Deposits:
    Demand, noninterest bearing                                                      $ 132,105       $141,389
    Demand, interest bearing                                                            98,384        100,871
    Savings                                                                             99,292         97,833
    Time                                                                               216,761        178,096
                                                                                   ------------    -----------
       Total Deposits                                                                  546,542        518,189
  Accrued interest payable and other liabilities                                         9,153         21,951
                                                                                   ------------    -----------
Total liabilities                                                                      555,695        540,140
                                                                                   ------------    -----------
Commitments and contingencies (Note 2)
Shareholders' Equity:
  Preferred stock - no par value; authorized 1,000,000 shares; no shares issued
  Common stock - no par value; authorized 25,000,000 shares;
    issued and outstanding: 7,014,930 shares at March 31, 2000
    and 6,440,257 shares at December 31, 1999                                           49,371         40,223
  Shares held in deferred compensation trust (271,862 at March 31, 2000
    and 247,148 at December 31, 1999), net of deferred obligation                            -              -
  Retained earnings                                                                      9,594         17,784
  Accumulated other comprehensive loss - net of taxes
     of $3,307,000 at March 31, 2000 and $3,267,000 at December 31, 1999                (4,758)        (4,702)
                                                                                   ------------    -----------
Shareholders' equity                                                                    54,207         53,305
                                                                                   ------------    -----------

Total liabilities and shareholders' equity                                           $ 609,902       $593,445
                                                                                   ============    ===========
See notes to Consolidated Condensed Financial Statements
</TABLE>

                                       2
<PAGE>

<TABLE>
<CAPTION>



                               CENTRAL COAST BANCORP AND SUBSIDIARY
                      CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)
(In thousands)
Three Months Ended March 31,                                         2000                 1999
                                                                     ----                 ----
<S>                                                             <C>                  <C>
Interest Income
   Loans (including fees)                                              $ 9,213              $ 7,140
   Investment securities                                                 2,236                2,249
   Other                                                                   116                   73
                                                                ---------------       --------------
       Total interest income                                            11,565                9,462
                                                                ---------------       --------------
Interest Expense
   Interest on deposits                                                  3,914                3,086
   Other                                                                   148                   27
                                                                ---------------       --------------
       Total interest expense                                            4,062                3,113
                                                                ---------------       --------------
Net Interest Income                                                      7,503                6,349
Provision for Loan Losses                                                  526                  127
                                                                ---------------       --------------
Net Interest Income after
   Provision for Loan Losses                                             6,977                6,222
                                                                ---------------       --------------

Noninterest Income                                                         546                  542
                                                                ---------------       --------------

Noninterest Expenses
   Salaries and benefits                                                 2,380                2,331
   Occupancy                                                               333                  280
   Furniture and equipment                                                 388                  291
   Other                                                                 1,019                  921
                                                                ---------------       --------------
       Total other expenses                                              4,120                3,823
                                                                ---------------       --------------
Income Before Income Taxes                                               3,403                2,941
Provision for Income Taxes                                               1,327                1,216
                                                                ---------------       --------------
       Net Income                                                      $ 2,076              $ 1,725
                                                                ===============       ==============

Basic Earnings per Share                                                $ 0.29               $ 0.25
Diluted Earnings per Share                                              $ 0.29               $ 0.24

See notes to Consolidated Condensed Financial Statements
</TABLE>




                                       3
<PAGE>
<TABLE>
<CAPTION>

                                       CENTRAL COAST BANCORP AND SUBSIDIARY
                            CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

(In thousands)
Three Months Ended March 31,                                                          2000                   1999
                                                                                      ----                   ----
<S>                                                                                 <C>                    <C>
Cash Flows from Operations:
   Net income                                                                        $ 2,076                $ 1,725
   Reconciliation of net income to net cash provided
   by operating activities:
     Provision for loan losses                                                           526                    127
     Depreciation                                                                        296                    212
     Amortization and accretion                                                           61                     77
     (Increase) decrease in accrued interest receivable and other assets               1,869                   (919)
     Increase (decrease) in accrued interest payable and other liabilities              (136)                 1,107
     Increase (decrease) in deferred loan fees                                           (24)                    54
                                                                              ---------------         --------------
       Net cash provided by operations                                                 4,668                  2,383
                                                                              ---------------         --------------
Cash Flows from Investing Activities:
   Purchases of investment securities                                                    (20)               (87,498)
   Proceeds from maturities
     of investment securities                                                          5,624                 90,738
   Net change in loans held for sale                                                       -                    877
   Net increase in loans                                                                (295)                (8,084)
   Capital expenditures                                                                 (175)                  (382)
                                                                              ---------------         --------------
       Net cash provided (used) in investing activities                                5,134                 (4,349)
                                                                              ---------------         --------------
Cash Flows from Financing Activities:
   Net increase (decrease) in deposit accounts                                        28,353                (13,724)
   Net increase (decrease) in short-term borrowings                                  (12,662)                 3,740
   Proceeds from sale of stock                                                             -                    810
   Shares repurchased                                                                 (1,117)                  (808)
                                                                              ---------------         --------------
       Net cash provided (used) by financing activities                               14,574                 (9,982)
                                                                              ---------------         --------------
  Net increase (decrease) in cash and equivalents                                     24,376                (11,948)
Cash and equivalents, beginning of period                                             39,959                 48,886
                                                                              ---------------         --------------
Cash and equivalents, end of period                                                 $ 64,335               $ 36,938
                                                                              ===============         ==============

Other Cash Flow Information:
   Interest paid                                                                     $ 4,005                $ 3,092
   Income taxes paid                                                                   2,640                    224
See Notes to Consolidated Condensed Financial Statements


</TABLE>


                                       4
<PAGE>






                CENTRAL COAST BANCORP AND SUBSIDIARY
        NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                     March 31, 2000 (Unaudited)

1. CONSOLIDATED FINANCIAL STATEMENTS

In the opinion of Management, the unaudited consolidated condensed
financial statements contain all adjustments (consisting of only
normal recurring adjustments) necessary to present fairly the
Company's consolidated financial position at March 31, 2000 and
December 31, 1999, the results of operations for the three month
periods ended March 31, 2000 and 1999, and cash flows for the three
month periods ended March 31, 2000 and 1999.

Certain disclosures normally presented in the notes to the annual
financial statements prepared in accordance with generally accepted
accounting principles have been omitted.  These interim
consolidated condensed financial statements should be read in
conjunction with the consolidated financial statements and notes
thereto included in the Company's 1999 Annual Report to
Shareholders.  The results of operations for the three-month
periods ended March 31, 2000 and 1999 may not necessarily be
indicative of the operating results for the full year.

In preparing such financial statements, management is required to
make estimates and assumptions that affect the reported amounts of
assets and liabilities as of the date of the balance sheet and
revenues and expenses for the period.  Actual results could differ
significantly from those estimates.  Material estimates that are
particularly susceptible to significant changes in the near term
relate to the determination of the allowance for loan losses and
the carrying value of other real estate owned.  Management uses
information provided by an independent loan review service in
connection with the determination of the allowance for loan losses.

Management has determined that since all of the commercial banking
products and services offered by the Company are available in each
branch of the Bank, all branches are located within the same
economic environment and management does not allocate resources
based on the performance of different lending or transaction
activities, it is appropriate to aggregate the Bank branches and
report them as a single operating segment.

2. COMMITMENTS AND CONTINGENCIES

In the normal course of business there are outstanding various
commitments to extend credit which are not reflected in the
financial statements, including loan commitments of approximately
$123,780,000 and standby letters of credit of $2,433,000 at March
31, 2000.  However, all such commitments will not necessarily
culminate in actual extensions of credit by the Company during 2000.

Approximately $16,712,000 of loan commitments outstanding at March
31, 2000 relate to real estate construction loans and are expected
to fund within the next twelve months.  The remainder relate
primarily to revolving lines of credit or other commercial loans,
and many of these commitments are expected to expire without being
drawn upon.  Therefore, the total commitments do not necessarily
represent future cash requirements.  Each potential borrower and
the necessary collateral are evaluated on an individual basis.
Collateral varies, but may include real property, bank deposits,
debt or equity securities or business assets.

Stand-by letters of credit are commitments written to guarantee the
performance of a customer to a third party.  These guarantees are
issued primarily relating to purchases of inventory by commercial
customers and are typically short-term in nature.  Credit risk is
similar to that involved in extending loan commitments to customers
and accordingly, evaluation and collateral requirements similar to
those for loan commitments are used.  Virtually all such
commitments are collateralized.




                                       5
<PAGE>





3. EARNINGS PER SHARE COMPUTATION

Basic earnings per share is computed by dividing net income by the
weighted average common shares outstanding for the period
(7,069,000 for the three month period ended March 31, 2000, and
6,996,000 for the three month period ended March 31, 1999).
Diluted earnings per share reflects the potential dilution that
could occur if outstanding stock options and stock purchase
warrants were exercised.  Diluted earnings per share is computed by
dividing net income by the weighted average common shares
outstanding for the period plus the dilutive effect of options and
warrants (198,000 for the three month period ended March 31, 2000
and 362,000 for the three month period ended March 31, 1999).


4.  COMPREHENSIVE EARNINGS

<TABLE>
<CAPTION>

                                                                                    Three Months Ended March 31,
(In thousands)                                                                        2000                   1999
                                                                                      ----                   ----
<S>                                                                                <C>                    <C>
Net Earnings                                                                         $ 2,076                $ 1,725
Other comprehensive loss - net unrealized
      loss on available-for-sale securities                                              (56)                  (779)
                                                                              ---------------        ---------------
Total comprehensive earnings                                                         $ 2,020                  $ 946
                                                                              ===============        ===============
</TABLE>




5.     STOCK DIVIDEND

On January 31, 2000, the Board of Directors declared a ten percent
stock dividend, which was distributed on February 28, 2000, to
shareholders of record as of February 14, 2000.  All share and per
share data have been retroactively adjusted to reflect the stock
dividend.


                                       6
<PAGE>




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


In addition to the historical information contained herein, this
report on Form 10-Q contains certain forward-looking statements.
The reader of this report should understand that all such
forward-looking statements are subject to various uncertainties and
risks that could affect their outcome.  The Company's actual
results could differ materially from those suggested by such
forward-looking statements.  Factors that could cause or contribute
to such differences include, but are not limited to, variances in
the actual versus projected growth in assets, return on assets,
loan losses, expenses, rates charged on loans and earned on
securities investments, rates paid on deposits, competition
effects, fee and other noninterest income earned, general economic
conditions, nationally, regionally and in the operating market
areas of the Company and the Bank, changes in the regulatory
environment, changes in business conditions and inflation, changes
in securities markets, as well as other factors.  This entire
report should be read to put such forward-looking statements in
context.  To gain a more complete understanding of the
uncertainties and risks involved in the Company's business this
report should be read in conjunction with Central Coast Bancorp's
annual report on Form 10-K for the year ended December 31, 1999.

Interest income and net interest income are presented on a fully
taxable equivalent basis (FTE) within the Management's Discussion
and Analysis.

Business Organization

Central Coast Bancorp (the "Company") is a California corporation
organized in 1994, and is the parent company for Community Bank of
Central California, a state-chartered bank, headquartered in
Salinas, California (the "Bank").  Other than its investment in the
Bank, the Company currently conducts no other significant business
activities, although it is authorized to engage in a variety of
activities which are deemed closely related to the business of
banking upon prior approval of the Board of Governors of the
Federal Reserve System (the "FRB"), the Company's principal
regulator.

The Bank offers a full range of commercial banking services,
including a diverse range of traditional banking products and
services to individuals, merchants, small and medium-sized
businesses, professionals and agribusiness enterprises located in
the Salinas Valley and Monterey Peninsula.

Overview

Central  Coast  Bancorp  reported a 21% increase in diluted  earnings
per share of $0.29 for the three  months  ended March 31, 2000 versus
$0.24 in the  first  quarter  last  year.  Net  income  for the first
quarters   of  2000  and  1999  were   $2,076,000   and   $1,725,000,
respectively.  The first  quarter  2000 net income was a record for a
first  quarter  and was 20%  higher  than  year ago net  income.  The
earnings  per share for the 1999  first  quarter  have been  adjusted
for the 10% stock dividend distributed in February 2000.

Total  assets of the Company at March 31, 2000 were  $609,902,000  up
$73,898,000  (13.8%)  over the ending  balance at March 31,  1999 and
up  $16,457,000  (2.8%) from December 31, 1999  balances.  At quarter
end,  loans totaled  $395,929,000,  up  $70,519,000  (21.7%) from the
ending  balances on March 31, 1999 and up slightly from  $395,597,000
at  December  31,  1999.  Deposit  balances  at quarter  end  totaled
$546,542,000  up $71,074,000  (14.9%) from the year earlier  balances
and up  $28,353,000  (5.5%) from year-end  1999.  The deposit  growth
included  $20,000,000 of State of California  certificates of deposit
placed in the Bank in February 2000.


                                       7
<PAGE>



For the  first  quarter  2000,  the  Company  realized  a  return  on
average equity of 15.4% and a return on average  assets of 1.40%,  as
compared  to 13.6% and 1.32% in the first  quarter  of 1999.  Central
Coast  Bancorp  ended the first quarter of 2000 with a Tier 1 capital
ratio of 12.2% and a total  risk-based  capital ratio of 13.4% versus
14.4% and  15.7%,  respectively  at the end of the first  quarter  of
1999.

The following table provides a summary of the major elements of
income and expense on a tax equivalent basis for the periods
indicated.


<TABLE>
<CAPTION>

Condensed Comparative Income Statement                                                                 Percentage
                                                                                                         Change
                                                                 Three months ended March 31,           Increase
(In thousands, except percentages)                                  2000               1999            (Decrease)
                                                                    ----               ----            ----------
<S>                                                              <C>              <C>                   <C>
Interest income (1)                                               $ 11,760           $  9,638                22%
Interest expense                                                     4,062              3,113                30%
                                                             --------------       ------------      -------------
  Net interest income                                                7,698              6,525                18%
Provision for loan losses                                              526                127               314%
                                                             --------------       ------------      -------------
  Net interest income after
    provision for loan losses                                        7,172              6,398                12%
Noninterest income                                                     546                542                 1%
Noninterest expense                                                  4,120              3,823                 8%
                                                             --------------       ------------      -------------
  Income before income taxes                                         3,598              3,117                15%
Income taxes                                                         1,327              1,216                 9%
Tax equivalent adjustment                                              195                176                11%
                                                             --------------       ------------      -------------

  Net income                                                       $ 2,076           $  1,725                20%
                                                             ==============       ============      =============
1) Interest on tax-free securities is reported on tax equivalent basis.
</TABLE>

                                       8
<PAGE>




Net interest income

Net interest income, the difference between interest earned on
loans and investments and interest paid on deposits and other
borrowings, is the principal component of the Bank's earnings.  The
following table provides a summary of the components of net
interest income and the changes within the components for the
periods indicated.  The second table sets forth a summary of the
changes in interest income and interest expense from changes in
average asset and liability balances (volume) and changes in
average interest rates.




<TABLE>
<CAPTION>

                                                                             (Unaudited)
                                                                       Three months ended March 31,
(Taxable Equivalent Basis)                              2000                                    1999
                                         Average                Average          Average                Average
(In thousands, except percentages)       Balance      Interest   Yield           Balance      Interest   Yield
                                         -------      --------   -----           -------      --------   -----
<S>                                     <C>           <C>        <C>            <C>           <C>        <C>
Assets:
Earning Assets
  Loans (1) (2)                           $ 389,616     $  9,213   9.48%          $ 309,892      $ 7,140  9.34%
  Taxable investments                       107,673        1,844   6.87%            127,466        1,894  6.03%
  Tax-exempt securities (tax equiv. basis)   35,825          587   6.57%             32,314          531  6.66%
  Federal funds sold                          8,335          116   5.58%              6,230           73  4.75%
                                          ---------     --------                  ---------      -------
Total Earning Assets                        541,449     $ 11,760   8.71%            475,902      $ 9,638  8.21%
                                                        --------                                 -------
Cash & due from banks                        37,206                                  42,400
Other assets                                 16,665                                  10,578
                                          ---------                               ---------
                                          $ 595,320                               $ 528,880
                                          =========                               =========
Liabilites & Shareholders'
  Equity:
Interest bearing liabilities:
  Demand deposits                         $  96,688     $    405   1.68%          $  93,030      $   354  1.54%
  Savings                                   102,204          875   3.43%            108,843          891  3.32%
  Time deposits                             197,194        2,634   5.36%            147,048        1,841  5.08%
  Other borrowings                            9,474          148   6.27%              2,252           27  4.86%
                                          ---------     --------                  ---------      -------

Total interest bearing
  liabilities                               405,560        4,062   4.02%            351,173        3,113  3.60%
                                                        --------                                 -------
Demand deposits                             130,637                                 122,259
Other Liabilities                             5,221                                   3,882
                                          ---------                               ---------
Total Liabilities                           541,418                                 477,314
Shareholders' Equity                         53,902                                  51,566
                                          ---------                               ---------
                                          $ 595,320                               $ 528,880
                                          =========                               =========
Net interest income & margin (3)                        $  7,698    5.70%                        $ 6,525   5.56%
                                                        ========                                 =======

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

1  Loan interest income includes fee income of $236,000 and $241,000 for the three month periods ended March 31, 2000
    and 1999, respectively.
2  Includes the average allowance for loan losses of $5,795,000 and $4,364,000 and average deferred loan fees of
    $686,000 and $719,000 for the three months ended March 31, 2000 and 1999, respectively.
3  Net interest margin is computed by dividing net interest income by the total average earning assets.

</TABLE>


                                       9
<PAGE>



<TABLE>
<CAPTION>

Volume/Rate Analysis
(in thousands) Three Months Ended March 31, 2000 over 1999
Increase (decrease) due to change in:
                                                                          Net
                                          Volume         Rate (4)       Change
                                          ------         --------       ------
<S>                                      <C>              <C>         <C>
Interest-earning assets:
   Net Loans (1)(2)                      $ 1,856           $ 217        $2,073
   Taxable investment securities            (298)            248           (50)
   Tax exempt investment securities (3)       58              (2)           56
   Federal funds sold                         25              18            43
                                          -------         -------       -------
     Total                                 1,641             481         2,122
                                          -------         -------       -------

Interest-bearing liabilities:
   Demand deposits                            14              37            51
   Savings deposits                          (55)             39           (16)
   Time deposits                             635             158           793
   Other borrowings                           88               3           121
                                          -------         ------        -------
     Total                                   682             267           949
                                          -------         -------       -------
Interest differential                    $   959           $ 214        $1,173
                                          =======         =======       =======
</TABLE>

(1.)  Loan interest income includes fee income of $236,000 and $241,000
      for the three month periods ended March 31, 2000 and 1999,
      respectively.
(2.)  The average balance of non-accruing loans is immaterial as a
      percentage of total loans and, as such, has been included in net
      loans.
(3.)  Includes taxable-equivalent adjustments that relate to income on
      certain securities that is exempt from federal income taxes.
      The effective federal statutory tax rate was 34% for 2000 and 1999.
(4.)   The rate / volume variance has been included in the rate variance.



Net interest  income (fully  taxable  equivalent,  FTE) for the first
quarter of 2000 was $7,698,000,  a $1,173,000  (18.0%)  increase over
the  first  quarter  of  1999.  Interest  income  was  up  $2,122,000
(22.0%)  over those same  periods.  The  average  balances of earning
assets were  $65,547,000  (13.8%) higher in the first quarter of 2000
versus the prior  year  first  quarter.  Included  in this  increase,
the average  balances of loans,  tax-exempt  investments  and Federal
funds sold  increased  $79,724,000  (25.7%),  $3,511,000  (10.9%) and
$2,105,000  (33.8%),  respectively,  for the  first  quarter  of 2000
compared to that of 1999.  Average  balances  of taxable  investments
decreased  $19,793,000  (15.5%)  in the  first  three  months of 2000
compared to that period in 1999,  as these assets were  deployed into
loans  throughout the previous  twelve months.  These higher balances
accounted  for  $1,641,000  of the  increase in interest  income on a
quarter  over quarter  basis.  Average  yields on the earning  assets
increased  50  basis  points  in  the  first  three  months  of  2000
compared  to that  period in 1999 due to the higher  rates  initiated
by the Federal Reserve Board, adding $481,000 to interest income.

Interest  expense was $949,000  (30.5%)  higher in the first  quarter
of 2000  versus  the  same  quarter  in  1999.  Average  balances  of
interest-bearing  liabilities  were higher by $54,387,000  (15.5%) in
the  first  three  moths of 2000  compared  to that  period  in 1999,
adding   $682,000  to  interest   expense.   Average  rates  paid  on
interest-bearing  liabilities  were up 42 basis  points  on a quarter
over  quarter  basis.  The higher  rates  added  $267,000 to interest
expense in the first  quarter of 2000  compared to the first  quarter
of 1999.  The net interest  margin for the first  quarter of 2000 was
5.70% as compared to 5.56% in the year earlier period.

Provision for Loan Losses

The Bank  provided  $526,000 for loan losses in the first  quarter of
2000 as  compared  to  $127,000  in the  first  quarter  of 1999  and
$529,000  in the  fourth  quarter  of 1999.  While  there has been no
specific   identification   of   deterioration  in  the  Bank's  loan
portfolio  at  this  time,  management  is  aware  of  some  weakness
appearing  in the local  agricultural  economy.  For that  reason the
loss  provision was  maintained  at the level  recorded in the fourth
quarter of 1999.


                                       10
<PAGE>



Noninterest Income

Noninterest income consists primarily of service charges on deposit
accounts and fees for miscellaneous services.  Noninterest income
totaled $546,000 in the first quarter of 2000, which was up only
$4,000 (0.7%) over the same period in 1999.  Service charges on
deposits were up $40,000 (12.2%) due to higher volumes and some
selective fee increases implemented in the fourth quarter in 1999.
This increase was largely offset by a reduction of $39,000 (51.4%)
in fees from mortgage originations as higher interest rates for
home mortgages resulted in a significant reduction in demand for
those loans.

Noninterest Expense

Noninterest expenses increased $297,000 (7.8%) to a total of
$4,120,000 in the first quarter of 2000 versus first quarter 1999.
Salary and employee benefits increased $49,000 (2.1%) due to higher
benefit costs and normal salary increases, offset in part by lower
commissions paid on mortgage originations.  Premises and fixed
asset expense increased $150,000 (26.3%) due in great part to
higher operating costs for the three branches and the operations
center that were moved or remodeled in 1999.  Other expenses
increased $98,000 (10.6%) generally due to higher business volumes
and price increases.  The overhead efficiency ratio (FTE) for the
two quarters was 51.2% and 55.5%, respectively.

Provision for Income Taxes

The Company recorded income tax expense of  $1,327,000 in the first
quarter of 2000 versus $1,216,000 in the first quarter of 1999.
The effective tax rate for the three months ended March 31, 2000 is
39.0% as compared to 41.3% in the year earlier period.  The
effective tax rate is lower as the result of the effect of
investments in tax exempt securities and loans.

Loans

Ending loan balances at March 31, 2000 were $395,929,000, which was
a slight increase of  $332,000 from year-end 1999 balances.  The
March 31, 2000 loan balances were $75,810,000 (23.7%) higher than
the year earlier totals.  On a year over year basis commercial
loans were up 20%; construction loans were up 39%; and real
estate-other loans were up 27%.  The balances at March 31, 2000 for
these loan categories were $155,229,000, $30,310,000 and
$200,137,000, respectively.  Loan demand remains strong heading
into the second quarter of 2000.

Nonperforming Assets

Nonperforming assets are comprised of loans delinquent 90 days or
more with respect to interest or principal, loans for which the
accrual of interest has been discontinued, and other real estate
which has been acquired through foreclosure and is awaiting
disposition.

Unless well secured and in the process of collection, loans are
placed on nonaccrual status when a loan becomes 90 days past due as
to interest or principal, when the payment of interest or principal
in accordance with the contractual terms of the loan becomes
uncertain or when a portion of the principal balance has been
charged off.  When a loan is placed on nonaccrual status, the
accrued and unpaid interest receivable is reversed and the loan is
accounted for on the cash or cost recovery method thereafter, until
qualifying for return to accrual status.  Generally, a loan may be
returned to accrual status when all delinquent interest and
principal become current in accordance with the terms of the loan
agreement and remaining principal is considered collectible or when
the loan is both well secured and in the process of collection.

Real estate and other assets acquired in satisfaction of
indebtedness are recorded at the lower of estimated


                                       11
<PAGE>

fair market
value net of anticipated selling costs or the recorded loan amount,
and any difference between this and the amount is treated as a loan
loss.  Costs of maintaining other real estate owned and gains or
losses on the subsequent sale are reflected in current earnings.

The following is a summary of nonperforming assets:

<TABLE>
<CAPTION>


(In thousands, except percentages)                                         March 31,              December 31,
                                                                             2000                    1999
                                                                       -----------------       ------------------
<S>                                                                    <C>                     <C>
Past due 90 days or more and still accruing :
   Real estate                                                                  $   306                  $   303
   Commercial                                                                       170                       51
   Consumer and other                                                                 -                        -
                                                                       -----------------       ------------------
                                                                                    476                      354
                                                                       -----------------       ------------------
Nonaccrual:
   Real estate                                                                        -                    1,565
   Commercial                                                                       502                       11
   Consumer and other                                                                44                        -
                                                                       -----------------       ------------------
                                                                                    546                    1,576
                                                                       -----------------       ------------------
Total nonperforming loans                                                         1,022                    1,930
                                                                       -----------------       ------------------
Other real estate owned                                                             180                      180
                                                                       -----------------       ------------------
Total nonperforming assets                                                      $ 1,202                  $ 2,110
                                                                       =================       ==================

Allowance for loan losses as a percentage of nonperforming loans                   600%                     290%
Nonperforming loans to total loans                                                0.26%                    0.49%
</TABLE>



Nonperforming loans decreased $908,000 during the first quarter of
2000.  This decrease coupled with the quarterly provision in the
allowance for loan losses resulted in the improvement in the
coverage ratio of the allowance for loan losses to nonperforming
loans from 290% at year-end to 600%.

At March 31, 2000, the recorded investment in loans that are
considered impaired under SFAS No. 114 was $2,422,000 of which
$546,000 are included in nonaccrual loans above.  Such impaired
loans had valuation allowances totalling $588,000 based on the
estimated fair value of the collateral.

Allowance for Loan Losses

The allowance for loan losses reflects management's judgement as to
the level considered adequate to absorb probable losses inherent in
the loan portfolio.  The allowance is increased by provisions
charged to expense and reduced by loan charge-offs net of
recoveries.  Management determines an appropriate provision based
upon information currently available to analyze loan loss
potential, including (1) the loan portfolio balance in the period;
(2) a comprehensive grading and review of new and existing loans
outstanding; (3) actual previous charge-offs; and, (4) changes in
economic conditions.

In determining the provision for estimated losses related to
specific major loans, management evaluates its allowance on an
individual loan basis, including an analysis of the credit
worthiness, cash flows and financial status of the borrower, and
the condition and the estimated value of the collateral. Specific
valuation allowances for secured loans are determined by the excess
of recorded investment in the loan over the fair market value or
net realizable value where appropriate, of the collateral.  In
determining overall general valuation allowances to be maintained
and the loan loss allowance ratio, management evaluates many
factors including prevailing and forecasted economic conditions,
regular reviews of the quality of loans, industry experience,
historical loss experience, composition and geographic
concentrations of the loan portfolio, the borrowers' ability to
repay and repayment performance and estimated collateral values.


                                       12
<PAGE>

Management believes that the allowance for loan losses at March 31,
2000 is adequate, based on information currently available.
However, no prediction of the ultimate level of loans charged off
in future years can be made with any certainty.

The following table summarizes activity in the allowance for loan
losses for the periods indicated:

<TABLE>
<CAPTION>


(In thousands, except percentages)                                         Three months ended March 31,
                                                                           2000                   1999
                                                                        ------------          -------------
<S>                                                                     <C>                   <C>
Beginning balance                                                           $ 5,596                $ 4,352
   Provision charged to expense                                                 526                    127
   Loans charged off                                                            (16)                   (90)
   Recoveries                                                                    30                      9
                                                                        ------------          -------------
 Ending balance                                                             $ 6,136                $ 4,398
                                                                        ============          =============

Ending loan portfolio                                                      $395,929               $320,119
                                                                        ============          =============

Allowance for loan losses as percentage of ending loan portfolio              1.55%                  1.37%
</TABLE>


Liquidity

Liquidity management refers to the Company's ability to provide
funds on an ongoing basis to meet fluctuations in deposit levels as
well as the credit needs and requirements of its clients.  Both
assets and liabilities contribute to the Company's liquidity
position.  Federal funds lines, short-term investments and
securities, and loan repayments contribute to liquidity, along with
deposit increases, while loan funding and deposit withdrawals
decrease liquidity.  The Bank assesses the likelihood of projected
funding requirements by reviewing historical funding patterns,
current and forecasted economic conditions and individual client
funding needs.  Commitments to fund loans and outstanding standby
letters of credit at March 31, 2000 were approximately $123,780,000
and $2,433,000, respectively.  Such loans relate primarily to
revolving lines of credit and other commercial loans, and to real
estate construction loans.

The Company's sources of liquidity consist of its deposits with
other banks, overnight funds sold to correspondent banks, unpledged
short-term marketable investments, and sellable government
guaranteed loans.  On March 31, 2000 consolidated liquid assets
totaled $98.7 million or 16.2% of total assets as compared to $91.1
million or 15.4% of total consolidated assets on December 31,
1999.  In addition to liquid assets, the Bank maintains lines of
credit with correspondent banks for up to $80,000,000 available on
a short-term basis.  Informal agreements are also in place with
various other banks to purchase participations in loans, if
necessary.  The Company serves primarily a business and
professional customer base and, as such, its deposit base is
susceptible to economic fluctuations.  Accordingly, management
strives to maintain a balanced position of liquid assets to
volatile and cyclical deposits.

Capital Resources

The Company's total shareholders' equity was $54,207,000 at March
31, 2000 compared to $53,305,000 at December 31, 1999.

The Company and the Bank are subject to regulations issued by the
Board of Governors and the FDIC which require maintenance of a
certain level of capital.  A banking organization's total
qualifying capital includes two components, core capital (Tier 1
capital) and supplementary capital (Tier 2 capital).  Core capital,
which must comprise at least half of total capital, includes common
shareholders' equity, qualifying perpetual preferred stock, trust
preferred securities and minority interests, less goodwill.
Supplementary capital includes the allowance for loan losses
(subject to certain limitations), other perpetual preferred stock,
trust preferred securities, certain other capital instruments and
term subordinated debt.  The Company's major capital components are
shareholders' equity less goodwill in core capital, and the
allowance for loan losses  in supplementary capital.


                                       13
<PAGE>


The following table shows the Company's actual capital amounts and
ratios at March 31, 2000 and December 31, 1999 as well as the
minimum capital ratios for capital adequacy under the regulatory
framework:

<TABLE>
<CAPTION>

                                                                                    For Capital
                                                          Actual                  Adequacy Purpose:
                                                  Amount          Ratio          Amount         Ratio
                                                  ------          -----          ------         -----
<S>                                              <C>               <C>         <C>              <C>
As of March 31, 2000
Total Capital (to Risk Weighted Assets):          63,864,000        13.4%       38,002,000         8.0%
Tier 1 Capital (to Risk Weighted Assets):         57,967,000        12.2%       19,001,000         4.0%
Tier 1 Capital (to Average Assets):               57,967,000         9.7%       23,813,000         4.0%

As of December 31, 1999:
Total Capital (to Risk Weighted Assets):          62,489,000        13.8%       36,125,000         8.0%
Tier 1 Capital (to Risk Weighted Assets):         56,938,000        12.6%       18,062,000         4.0%
Tier 1 Capital (to Average Assets):               56,938,000         9.7%       23,593,000         4.0%
</TABLE>



Year 2000

During 1998 and 1999, management of the Company focused the appropriate
resources to address the potential problems that could arise regarding
the Year 2000 (Y2K) century date change. The Company's mission critical
systems were evaluated, modified as required and contingency plans were
put into place should the systems have experienced any failures.  The
Y2K readiness of vendors and customers was also evaluated and
monitored.  The century date change passed without any operational
difficulties for the Company, its vendors or its customers.  There are
certain dates within the year 2000 that have been identified as critical
processing dates.  The first was January 31, the end of the first month
of the year.  The second was February 29, leap year day.  The third was
March 31, the end of the first quarter.  The Company did not experience
any processing problems on those dates.  Upcoming dates during the year
are October 10, the first date to require an 8-digit field (10/10/2000)
and December 31, the end of the year.  Those dates were tested as part
of the Y2K project.  The Company does not anticipate having any
processing problems on those dates, however failure by third parties to
adequately remediate Y2K issues could have an impact upon Central
Coast Bancorp, which is impossible to quantify.  Nevertheless, the
Company currently expects that its Y2K compliance efforts will be
successful without material adverse effects on its business.


                   Item 3. MARKET RISK MANAGEMENT

Overview.  The goal for  managing the assets and  liabilities  of the
Bank  is  to   maximize   shareholder   value  and   earnings   while
maintaining a high quality  balance  sheet without  exposing the Bank
to undue  interest  rate risk.  The Board of  Directors  has  overall
responsibility  for  the  Company's  interest  rate  risk  management
policies.  The Bank has an Asset and Liability  Management  Committee
(ALCO)  which  establishes  and  monitors  guidelines  to control the
sensitivity of earnings to changes in interest rates.

Asset/Liability  Management.  Activities  involved in asset/liability
management  include  but are not limited to  lending,  accepting  and
placing   deposits,   investing  in  securities   and  issuing  debt.
Interest  rate  risk  is the  primary  market  risk  associated  with
asset/liability  management.  Sensitivity  of  earnings  to  interest
rate  changes  arises  when  yields on assets  change in a  different
time period or in a different  amount from that of interest  costs on
liabilities.  To mitigate  interest  rate risk,  the structure of the
balance  sheet is managed  with the goal that  movements  of interest
rates on assets and  liabilities  are  correlated  and  contribute to
earnings   even  in  periods  of   volatile   interest   rates.   The
asset/liability  management  policy  sets  limits  on the  acceptable
amount  of  variance  in net  interest  margin  and  market  value of
equity  under   changing   interest   environments.   The  Bank  uses
simulation  models to  forecast  earnings,  net  interest  margin and
market value of equity.

Simulation  of  earnings  is the  primary  tool used to  measure  the
sensitivity  of earnings to interest  rate  changes.  Using  computer
modeling  techniques,  the Company is able to estimate the  potential
impact of  changing  interest  rates on  earnings.  A  balance  sheet
forecast is prepared  using  inputs of actual  loan,  securities  and
interest bearing  liabilities  (i.e.  deposits/borrowings)  positions
as the  beginning  base.  The  forecast  balance  sheet is  processed
against three interest rate  scenarios.  The scenarios  include a 200
basis point  rising rate  forecast,  a flat rate  forecast  and a 200
basis  point  falling  rate  forecast  which take place  within a one
year time  frame.  The net  interest  income is  measured  during the
first year of the rate  changes  and in the year  following  the rate
changes.  Based  on a  forecast  using  year-end  1999  balances  and
measuring against a flat rate  environment,  in a one-year horizon an
increase in interest  rates of 200 basis  points  would  result in an
increase of  $1,841,000  in net interest  income.  Conversely,  a 200
basis point  decrease  would  result in a decrease of  $2,337,000  in
net interest income.

The  simulations  of  earnings  do  not  incorporate  any  management
actions,  which might moderate the negative  consequences of interest
rate  deviations.  Therefore,  they  do  not  reflect  likely  actual
results,  but  serve  as  conservative  estimates  of  interest  rate
risk.  The risk profile of the Bank has not changed  materially  from
that at year-end 1999.


                                       14
<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 security holders.

                None.

Item 5.     Other information.

                None.

Item 6.     Exhibits and reports on Form 8-K.

(a)   Exhibits

        (2.1)   Agreement  and Plan of  Reorganization  and Merger by
                and  between   Central  Coast  Bancorp,   CCB  Merger
                Company   and   Cypress   Coast   Bank  dated  as  of
                December 5,  1995,  incorporated  by  reference  from
                Exhibit 99.1 to Form 8-K,  filed with the  Commission
                on December 7, 1995.

        (3.1)   Articles of Incorporation,  incorporated by reference
                from  Exhibit 4.8 to  Registration  Statement on Form
                S-8,  No.  33-89948,  filed  with the  Commission  on
                March 3, 1995.

        (3.2)   Bylaws,  as amended,  incorporated  by reference from
                Exhibit 4.8 to  Registration  Statement  on Form S-8,
                No.  33-89948,  filed with the Commission on March 3,
                1995.

        (4.1)   Specimen  form of  Central  Coast  Bancorp  stock
                certificate, incorporated by reference from the
                Company's 1994 Annual Report on Form 10-K, filed with
                the Commission on March 31, 1995.

        (10.1)  Lease agreement dated December 12, 1994,
                related to 301 Main Street,    Salinas, California,
                incorporated by reference from the Company's 1994
                Annual Report on Form 10K, filed with the Commission
                on March 31, 1995.

        (10.2)  King City Branch Lease, incorporated by
                reference from Exhibit 10.3  to Registration
                Statement on Form S-4, No. 33-76972, filed with the
                Commission on March 28, 1994.

        (10.3)  Amendment to King City Branch Lease,  incorporated by
                reference   from   Exhibit   10.4   to   Registration
                Statement on Form S-4, No.  33-76972,  filed with the
                Commission on March 28, 1994.

                                       15
<PAGE>


        *(10.4) 1982 Stock Option Plan, as amended, incorporated by
                reference from   Exhibit 4.2 to Registration
                Statement on Form S-8, No. 33-89948, filed with the
                Commission on March 3, 1995.

        *(10.5) Form of  Nonstatutory  Stock Option  Agreement  under
                the  1982  Stock   Option   Plan,   incorporated   by
                reference from Exhibit 4.6 to Registration  Statement
                on Form S-8, No. 33-89948,  filed with the Commission
                on March 3, 1995.

        *(10.6) Form of Incentive  Stock Option  Agreement  under the
                1982 Stock  Option  Plan,  incorporated  by reference
                from  Exhibit 4.7 to  Registration  Statement on Form
                S-8,  No.  33-89948,  filed  with the  Commission  on
                March 3, 1995.

        *(10.7) 1994 Stock  Option  Plan,  incorporated  by reference
                from  Exhibit 4.1 to  Registration  Statement on Form
                S-8,  No.  33-89948,  filed  with the  Commission  on
                March 3, 1995.

        *(10.8) Form of  Nonstatutory  Stock Option  Agreement  under
                the  1994  Stock   Option   Plan,   incorporated   by
                reference from Exhibit 4.3 to Registration  Statement
                on Form S-8, No.  33-89948,  filed with Commission on
                March 3, 1995.

        *(10.9) Form of Incentive  Stock Option  Agreement  under the
                1994 Stock  Option  Plan,  incorporated  by reference
                from  Exhibit 4.4 to  Registration  Statement on Form
                S-8,  No.  33-89948,  filed  with the  Commission  on
                March 3, 1995.

        *(10.10)Form of Director Nonstatutory Stock Option Agreement
                under the 1994 Stock Option Plan, incorporated by
                reference from Exhibit 4.5 to Registration Statement
                on Form S-8, No 33-89948, filed with the Commission
                on March 3, 1995.

        *(10.11)Form of Bank of Salinas Indemnification Agreement for
                directors and executive officers, incorporated by
                reference from Exhibit 10.9 to Amendment No.1 to
                Registration Statement on Form S-4, No. 33-76972, filed
                with the Commission on April 15, 1994.

        *(10.12)401(k) Pension and Profit Sharing Plan Summary Plan
                Description, incorporated by reference from Exhibit
                10.8 to Registration Statement on Form S-4,
                No. 33-76972, filed with the Commission on
                March 28, 1994.


        *(10.13)Form of Employment Agreement, incorporated by reference
                from Exhibit 10.13 to the Company's 1996 Annual Report
                on Form 10-K,filed with the Commission on
                March 31, 1997.

        *(10.14)Form of Executive Salary Continuation Agreement,
                incorporated by reference from Exhibit 10.14 to the
                Company's 1996 Annual Report on Form 10-K, filed with
                the Commission on March 31, 1997.

        *(10.15)1994 Stock Option Plan, as amended, incorporated by
                reference from Exhibit A to the Proxy Statement filed
                with the Commission on September 3, 1996, in connection
                with Central Coast Bancorp's 1996 Annual Shareholders'
                Meeting held on September 23, 1996.

        (10.16) Form of  Indemnification  Agreement,  incorporated by
                reference  from  Exhibit  D to  the  Proxy  Statement
                filed with the  Commission  on September 3, 1996,  in
                connection  with Central Coast  Bancorp's 1996 Annual
                Shareholders' Meeting held on September 23, 1996.


                                       16
<PAGE>


        (10.17) Purchase   and    Assumption    Agreement   for   the
                Acquisition    of   Wells   Fargo   Bank    Branches,
                incorporated  by reference  from Exhibit 10.17 to the
                Company's  1996  Annual  Report on Form  10-K,  filed
                with the Commission on March 31, 1997.

        (10.18) Employee Stock  Ownership  Plan and Trust  Agreement,
                incorporated  by reference  from Exhibit 10.18 to the
                Company's  1996  Annual  Report on Form  10-K,  filed
                with the Commission on March 31, 1997.

        (10.19) Lease agreement  dated March 7, 1997,  related to 484
                Lighthouse     Avenue,     Monterey,      California,
                incorporated  by reference  from Exhibit 10.19 to the
                Company's  1997  Annual  Report on Form  10-K,  filed
                with the Commission on March 27, 1998.

        (21.1)  The Registrant's only subsidiary is Community Bank of
                Central  California (the successor  entity  resulting
                from  the   merger   of   Registrant's   wholly-owned
                subsidiaries,  Bank of Salinas and Cypress  Bank,  as
                referenced in  Exhibit 2.1 above).

         (27.1) Financial Data Schedule


           *Denotes  management  contracts,   compensatory  plans  or
                     arrangements.



      (b)  Reports on Form 8-K - None



                                       17
<PAGE>




SIGNATURES
---------------------------------------------------------------------


Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


May 9, 2000                               CENTRAL COAST BANCORP


                                    By:
                                       ------------------------
                                       Robert M. Stanberry
                                       (Chief Financial Officer and
                                        Principal Accounting Officer)




                                       18
<PAGE>




                            EXHIBIT INDEX


Exhibit
Number               Description                      Page
------               -----------                      ----

27.1                 Financial Data Schedule           20