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     September 30, 1999    .

[  ]  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 - 6,429,256 shares outstanding at October 29, 1999.

                                 Page 1 of 25
                The Index to the Exhibits is located at Page 23


<PAGE>
<TABLE>
<CAPTION>

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


                                                                                 September 30,       December 31,
(In thousands)                                                                      1999                1998
                                                                                 ------------        -----------
<S>                                                                             <C>                 <C>

Assets
  Cash and due from banks                                                          $ 38,668           $ 44,684
  Federal funds sold                                                                  6,000              4,202
                                                                                    -------            -------
     Total cash and equivalents                                                      44,668             48,886

  Available-for-sale securities                                                     150,368            170,387

  Loans:
    Commercial                                                                      151,041            139,253
    Real estate-construction                                                         35,901             19,929
    Real estate-other                                                               186,805            148,285
    Installment                                                                       9,592             11,545
    Deferred loan fees, net                                                            (813)              (674)
                                                                                    -------            -------
        Total loans                                                                 382,526            318,338
    Allowance for loan losses                                                        (5,291)            (4,352)
                                                                                    -------            -------
  Net Loans                                                                         377,235            313,986
                                                                                    -------            -------

  Premises and equipment, net                                                         3,751              3,069
  Accrued interest receivable and other assets                                       11,507              7,605
                                                                                    -------            -------
Total assets                                                                      $ 587,529          $ 543,933
                                                                                    =======            =======

Liabilities and Shareholders' Equity
  Deposits:
    Demand, noninterest bearing                                                   $ 128,248          $ 149,757
    Demand, interest bearing                                                        115,442             98,226
    Savings                                                                         106,732            104,447
    Time                                                                            165,686            136,762
                                                                                    -------            -------
        Total Deposits                                                              516,108            489,192
  Accrued interest payable and other liabilities                                     20,122              3,542
                                                                                    -------            -------
Total liabilities                                                                   536,230            492,734
                                                                                    -------            -------

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: 6,440,257 shares at September 30, 1999
    and 6,112,045 shares at December 31, 1998                                        39,521             41,103
  Shares held in deferred compensation trust (247,148 at September 30, 1999
    and 71,949 at December 31,1998), net of deferred obligation                           -                  -
  Retained earnings                                                                  15,454              9,733
  Accumulated other comprehensive income - net of
    taxes of $2,554,000 at September 30, 1999 and $254,000 at December 31, 1998      (3,676)               363
                                                                                    -------            -------
Shareholders' equity                                                                 51,299             51,199
                                                                                    -------            -------
Total liabilities and shareholders' equity                                        $ 587,529          $ 543,933
                                                                                    =======            =======
See Notes to Consolidated Condensed Financial Statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

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

                                                        Three Months Ended                    Nine Months Ended
                                                            September 30,                       September 30,
(In thousands)                                            1999           1998                 1999          1998
                                                          -----          -----               ------        ------
<S>                                                 <C>             <C>                 <C>             <C>
Interest Income
   Loans (including fees)                               $ 8,457        $ 7,040             $ 23,284      $ 19,976
   Investment securities                                  2,273          1,853                6,864         5,660
   Other                                                     25            690                  100         2,220
                                                          -----          -----               ------        ------
       Total interest income                             10,755          9,583               30,248        27,856
                                                          -----          -----               ------        ------
Interest Expense
   Interest on deposits                                   3,402          3,358                9,668        10,109
   Other                                                    123              -                  299             -
                                                          -----          -----               ------        ------
       Total interest expense                             3,525          3,358                9,967        10,109
                                                          -----          -----               ------        ------

Net Interest Income                                       7,230          6,225               20,281        17,747
Provision for Loan Losses                                   418             40                  955            81
                                                          -----          -----               ------        ------
Net Interest Income after
   Provision for Loan Losses                              6,812          6,185               19,326        17,666
                                                          -----          -----               ------        ------

Noninterest Income                                          529            490                1,662         1,415
                                                          -----          -----               ------        ------

Noninterest Expenses
   Salaries and benefits                                  2,294          2,074                6,875         6,281
   Occupancy                                                300            222                  877           714
   Furniture and equipment                                  320            241                  905           671
   Other                                                  1,197            777                3,101         2,558
                                                          -----          -----               ------        ------
       Total noninterest expenses                         4,111          3,314               11,758        10,224
                                                          -----          -----               ------        ------
Income Before Income Taxes                                3,230          3,361                9,230         8,857
Provision for Income Taxes                                1,227          1,391                3,508         3,664
                                                          -----          -----               ------        ------
       Net Income                                       $ 2,003        $ 1,970              $ 5,722       $ 5,193
                                                          =====          =====               ======        ======

Basic Earnings per Share                                 $ 0.31         $ 0.33               $ 0.89        $ 0.86
Diluted Earnings per Share                               $ 0.30         $ 0.30               $ 0.86        $ 0.79
See Notes to Consolidated Condensed Financial Statements
</TABLE>



<PAGE>
<TABLE>
<CAPTION>

                     CENTRAL COAST BANCORP AND SUBSIDIARY
          CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
(In thousands)
Nine months ended September 30,                                                  1999             1998
                                                                                -------          ------
<S>                                                                            <C>               <C>
Cash Flows from Operations:
   Net income                                                                   $ 5,722         $ 5,193
   Reconciliation of net income to net cash provided
   by operating activities:
     Provision for loan losses                                                      955              81
     Net (gain) loss on sale of fixed assets                                        107              (1)
     Depreciation                                                                   607             414
     Amortization and accretion                                                      81              22
     (Increase) decrease in accrued interest receivable and other assets         (1,108)            721
     Increase in accrued interest payable and other liabilities                   2,347           1,269
     Increase in deferred loan fees                                                 139              60
                                                                                -------          ------
       Net cash provided by operations                                            8,850           7,759
                                                                                -------          ------
Cash Flows from Investing Activities:
   Purchases of investment securities                                           (89,431)        (72,512)
   Proceeds from maturities
     of investment securities                                                    96,728          95,160
   Proceeds from sale of investment securities                                    5,988               -
   Net increase in loans                                                        (64,343)        (40,797)
   Proceeds from sale of fixed assets                                                17               1
   Capital expenditures                                                          (1,593)           (847)
                                                                                -------          ------
       Net cash used in investing activities                                    (52,634)        (18,995)
                                                                                -------          ------
Cash Flows from Financing Activities:
   Net increase in deposit accounts                                              26,915          (5,054)
   Net increase (decrease) in short-term borrowings                              14,233            (124)
   Proceeds from sale of stock                                                    1,098             163
   Shares repurchased                                                            (2,680)            (12)
                                                                                -------          ------
       Net cash provided (used) by financing activities                          39,566          (5,027)
                                                                                -------          ------
  Net decrease in cash and equivalents                                           (4,218)        (16,263)
Cash and equivalents, beginning of period                                        48,886         104,597
                                                                                -------          ------
Cash and equivalents, end of period                                             $44,668         $88,334
                                                                                =======          ======

Other Cash Flow Information:
   Interest paid                                                                $ 9,856         $ 9,762
   Income taxes paid                                                              2,289           3,210
See Notes to Consolidated Condensed Financial Statements
</TABLE>



<PAGE>


                     CENTRAL COAST BANCORP AND SUBSIDIARY
             NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                        September 30, 1999 (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 September 30, 1999 and December 31, 1998, the results of
operations for the three and nine month periods ended September 30, 1999 and
1998 and cash flows for the nine month periods ended September 30, 1999 and
1998.

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 1998 Annual Report to
Shareholders.  The results of operations for the three and nine month periods
ended September 30, 1999 and 1998 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.


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 $127,884,000 and standby letters of credit
of $2,621,000 at September 30, 1999.  However, all such commitments will not
necessarily culminate in actual extensions of credit by the Company during
1999.

Approximately $26,451,000 of loan commitments outstanding at September 30,
1999 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.

<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 (6,457,000 and 6,426,000 for
the three and nine month periods ended September 30, 1999, and 6,053,000 and
6,029,000 for the three and nine month periods ended September 30, 1998).
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 (176,000 and 231,000 for the three and nine month
periods ended September 30, 1999 and 491,000 and 515,000 for the three and
nine month periods ended September 30, 1998).


4.  COMPREHENSIVE EARNINGS

In 1998, Central Coast Bancorp adopted Statement of Financial Accounting
Standards No. 130,"Reporting Comprehensive Income", which requires that an
enterprise report, by major components and as a single total, the change in
net assets during the period from nonowner sources.  Such amounts are as
follows:

<TABLE>
<CAPTION>
                                                     Three Months Ended      Nine Months Ended
                                                       September 30,           September 30,
(In thousands)                                        1999      1998          1999      1998
                                                     ------     -----         -----     -----
<S>                                                 <C>        <C>          <C>        <C>
Net Earnings                                         $2,003   $ 1,970       $ 5,722   $ 5,193
Other comprehensive income (loss)- Net unrealized
     gains (losses) on available-for-sale securities (1,751)      448        (4,047)      563

Reclassification adjustment for gains included in
     income, net of taxes of $5,000
     for the nine month period ended
     September 30, 1999.                                  -         -             8         -
                                                     ------     -----         -----     -----

Total comprehensive earnings                          $ 252   $ 2,418       $ 1,683   $ 5,756
                                                     ======     =====         =====     =====
</TABLE>


5.    STOCK SPLIT

On January 25, 1999, the Board of Directors declared a five-for-four stock
split, which was distributed on February 26, 1999, to shareholders of record
as of February 8, 1999.  All share and per share data have been retroactively
adjusted to reflect the stock split.













<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. Changes to such risks and uncertainties, which
could impact future financial performance, include, among others: (1)
competitive pressures in the banking industry; (2) changes in the interest
rate environment; (3) general economic conditions, nationally, regionally and
in the operating market areas of the Company and the Bank (4) changes in the
regulatory environment; (5) changes in business conditions and inflation; (6)
changes in securities markets; and (7) effects of possible Year 2000
problems.  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, 1998.

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 (Nasdaq symbol CCBN) (the"Company") is a California
corporation organized in 1994, and is the parent company of Community Bank of
Central California, a state-chartered bank, headquartered in Salinas,
California (the"Bank").  On July 9, 1999, Cypress Bank, which was a wholly
owned subsidiary of the Company, was merged into Bank of Salinas whose name
was then changed to Community Bank of Central California.  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

The Company reported record quarterly net income of $2,003,000 for the
quarter ended September 30, 1999 versus $1,970,000 reported for the same
period of 1998.  Diluted earnings per share for the respective quarters were
$0.30 for both.  The return on equity (ROE) and the return on assets (ROA)
for the third quarter 1999 were 15.4% and 1.38% as compared to 16.1% and
1.55% for the same period in 1998.

Net income for the nine months ended September 30, 1999 and 1998 was
$5,722,000 and $5,193,000 with diluted earnings per share of $0.86 and $0.79,
respectively.  For the first nine months of 1999 ROE was 14.7% and ROA was
1.38%, as compared to 14.9% and 1.41% for the same period in 1998.  The
earnings per share for the 1998 periods have been adjusted for the 5 for 4
stock split distributed on February 26, 1999.

Year  over  year  internal  growth  continues  to be  strong,  as assets of the
Company increased  $87,857,000  (17.6%) to total  $587,529,000 at September 30,
1999.  Loans  totaled  $382,526,000,  up  $84,922,000  (28.4%)  from the ending
balances on September 30, 1998.  Deposit  growth in the like period,  excluding
$20,000,000  of State of  California  certificate  of deposits,  was 11.4% with
ending deposit balances of $516,108,000.


While third quarter earnings were a record, they were adversely impacted by
one time costs of approximately $190,000 related to combining the Bank of
Salinas and Cypress Bank into a single bank, Community Bank of Central
California. Also, as a result of the continuing growth in the loan portfolio,
the Bank provided $378,000 more for loan losses in the third quarter of 1999
versus the third quarter last year.  Helping to offset these expenses, two
recent Federal Reserve Board actions have increased interest rates a total of
50 basis points.


<PAGE>
<TABLE>
<CAPTION>


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

Condensed Comparative Income Statement (Unaudited)

                                                           Percentage                            Percentage
                                   Three Month Ended         Change        Nine Month Ended        Change
                                      September 30,         Increase         September 30,        Increase
(In thousands)                      1999         1998      (Decrease)       1999        1998     (Decrease)
                                   ------        -----     ----------      ------      ------    ----------
<S>                              <C>          <C>           <C>          <C>         <C>          <C>
Interest income (1)              $ 10,951      $ 9,597          14%      $ 30,818     $27,900         10%
Interest expense                    3,525        3,358           5%         9,967      10,109         -1%
                                   ------        -----        -----        ------      ------       -----
  Net interest income               7,426        6,239          19%        20,851      17,791         17%
Provision for loan losses             418           41         920%           955          81       1079%
                                   ------        -----        -----        ------      ------       -----
  Net interest income after
    provision for loan losses       7,008        6,198          13%        19,896      17,710         12%
Noninterest income                    529          490           8%         1,662       1,415         17%
Noninterest expense                 4,111        3,314          24%        11,758      10,224         15%
                                   ------        -----        -----        ------      ------       -----
  Net income before income taxes    3,426        3,374           2%         9,800       8,901         10%
Income taxes                        1,227        1,391         -12%         3,508       3,664         -4%
Tax equivalent adjustment             196           13        1408%           570          44       1195%
                                   ------        -----        -----        ------      ------       -----

  Net income                      $ 2,003      $ 1,970           2%       $ 5,722     $ 5,193         10%
                                   ======        =====        =====        ======      ======       =====

1) Interest on tax-free securities is reported on tax equivalent basis.

</TABLE>

<PAGE>

Net interest income / net interest margin

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 Banks' earnings.  Net interest margin is net
interest income expressed as a percentage of average earning assets.

Third quarter 1999 net interest income of $7,426,000 was a 19.0% increase of
$1,187,000 over the same period in 1998.  Interest income was up $1,354,000
(14.1%).  Average loan balances were $83,614,000 (29.7%) higher in the third
quarter of 1999 versus the year earlier period.  This volume difference added
$2,086,000 to interest income.  It was offset in part by a 70 basis point
decrease in loan yields, which reduced interest income by $669,000.  The rate
decrease was the result of the three 25 basis point downward adjustments in
the fourth quarter of 1998, which were offset in part by the 25 basis point
increases on July 1 and August 25 this year.  Average balances for investment
securities and Federal funds sold decreased $12,052,000 to $159,642,000.
Interest income related to investments and Federal Funds sold decreased
$63,000 in the third quarter of 1999 versus the year earlier period.

For the three months ended September 30, 1999, interest expense was up
$167,000 (5.0%) on a quarter over quarter basis as average interest-bearing
liabilities increased $55,757,000(16.7%). The increase in interest expense, due
to higher average balances in interest bearing liabilities, was offset in part
bya 40 basis point decrease in rates paid.  Net interest margin for the third
quarters of 1999 and 1998 were 5.6% and 5.5%, respectively.

For the first nine-month period of 1999, interest income increased $2,918,000
to $30,818,000.  Average balances of both loans and investment securities
were higher in 1999.  These higher balances added $7,476,000 to interest
income.  The average balance in Federal funds sold was lower by $51,545,000
in the first nine months of 1999 versus the prior year.  Interest income
derived from Federal funds sold consequently was $2,120,000 lower in the
period.  The average yield on loans was 90 basis points lower in the 1999
nine-month period due to the downward rate adjustments in the fourth quarter
of last year as discussed in the quarterly results paragraph above.  The
lower yields reduced interest income by $2,278,000.  The average yields
received on all earning assets for the first nine months of 1999 was 8.3% as
compared to 8.4% for the same period in 1998.

Interest expense for the nine-month period decreased $142,000 (1.4%) from the
expense in the same 1998 period.  Volume increases in deposits and borrowings
added $1,170,000 of interest expense.  The volume increases were more than
offset by lower rates.  Overall average rates paid on interest-bearing
liabilities in the first nine months of 1999 decreased 50 basis points to
3.6% from the same period in 1998.  The decrease attributable to the lower
rates was $1,312,000.

The combined effect of the increase in interest income coupled with the
decrease in interest expense for the nine-month period ending September 30,
1999, resulted in an increase in net interest income of $3,060,000 or 17.2%
as compared to the first nine months of 1998.  Net interest margin rose 20
basis points to 5.6%.


The first two following tables provide a summary of the components of net
interest income and the changes within the components for the periods
indicated.  The second two tables set 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.

<PAGE>
<TABLE>
<CAPTION>


(Unaudited)
Three months ended September 30 ,
(Taxable Equivalent Basis)                                               1999                           1998
                                                              Avg.                  Avg.        Avg.                  Avg.
(In thousands, except percentages)                          Balance     Interest   Yield      Balance    Interest    Yield
                                                            -------      ------     ----      -------      -----     ----
<S>                                                      <C>             <C>       <C>      <C>           <C>     <C>
Assets:
Earning Assets
  Loans (1) (2)                                           $ 364,740     $ 8,457     9.2%    $ 281,126    $ 7,040     9.9%
  Taxable investments                                       121,794       1,881     6.1%      119,636      1,825     6.1%
  Tax-exempt securities                                      35,881         588     6.5%        2,043         42     8.1%
  Federal funds sold                                          1,967          25     5.0%       50,015        690     5.5%
                                                           --------      ------    -----      -------      -----     ----
Total Earning Assets                                        524,382     $10,951     8.3%      452,820     $9,597     8.4%
                                                                         ------                            -----
Cash & due from banks                                        42,086                            39,311
Other assets                                                  8,762                            10,928
                                                            -------                           -------
                                                           $575,230                          $503,059
                                                            =======                           =======

Liabilities & Shareholders' Equity:
Interest bearing liabilities:
  Demand deposits                                          $110,659       $ 503     1.8%      $90,110      $ 445     2.0%
  Savings                                                   105,693         863     3.2%      103,828        997     3.8%
  Time deposits                                             163,833       2,036     4.9%      139,847      1,916     5.4%
  Other borrowings                                            9,357         123     5.2%            -          -      n/a
                                                            -------      ------    -----      -------      -----     ----
Total interest bearing liabilities                          389,542       3,525     3.6%      333,785      3,358     4.0%
                                                                         ------                            -----
Demand deposits                                             128,831                           116,278
Other Liabilities                                             5,266                             4,554
                                                            -------                           -------
Total Liabilities                                           523,639                           454,617
Shareholders' Equity                                         51,591                            48,442
                                                            -------                           -------
                                                           $575,230                          $503,059
                                                            =======                           =======
Net interest income & margin (3)                                        $ 7,426     5.6%                  $6,239     5.5%
                                                                         ======    =====                   =====     ====



(1) Loan interest income includes fee income of $268,000 and $241,000 for the three month periods
    ended September 30, 1999 and 1998, respectively.
(2) Includes the average allowance for loan losses of $5,039,000 and $4,302,000 and average deferred
    loan fees of $845,000 and $622,000 for the three months ended September 30, 1999 and 1998, respectively.
(3) Net interest margin is computed by dividing net interest income by the total average earning assets.
</TABLE>


<PAGE>
<TABLE>
<CAPTION>

(Unaudited)
Nine months ended Setember 30 ,
(Taxable Equivalent Basis)                          1999                        1998
                                           Avg                Avg        Avg               Avg
(In thousands, except percentages)       Balance   Interest  Yield     Balance  Interest  Yield
                                         -------    ------   ----      -------   ------   -----
<S>                                     <C>        <C>      <C>      <C>       <C>       <C>
Assets:
Earning Assets
  Loans (1) (2)                         $337,775   $23,284   9.2%     $263,830  $19,976   10.1%
  Taxable investments                    125,241     5,726   6.1%      123,744    5,573    6.0%
  Tax-exempt securities                   34,712     1,708   6.6%        2,073      131    8.4%
  Federal funds sold                       2,829       100   4.7%       54,374    2,220    5.5%
                                         -------    ------   ----      -------   ------   -----
 Total Earning Assets                    500,557   $30,818   8.2%      444,021  $27,900    8.4%
                                                    ------                       ------
Cash & due from banks                     41,835                        38,516
Other assets                              10,287                        10,452
                                         -------                       -------
                                        $552,679                      $492,989
                                         =======                       =======

Liabilities & Shareholders' Equity:
Interest bearing liabilities:
  Demand deposits                       $102,249    $1,315   1.7%     $ 87,707  $ 1,282    2.0%
  Savings                                105,168     2,569   3.3%      100,290    2,864    3.8%
  Time deposits                          155,712     5,783   5.0%      143,455    5,963    5.6%
  Other borrowings                         7,984       300   5.0%            -        -     n/a
                                         -------   -------   ----      -------   ------   -----
Total interest bearing liabilities       371,113     9,967   3.6%      331,452   10,109    4.1%
                                                    ------                      -------
Demand deposits                          125,049                       111,017
Other Liabilities                          4,538                         3,996
                                         -------                      --------
Total Liabilities                        500,700                       446,465
Shareholders' Equity                      51,979                        46,524
                                         -------                      --------
                                        $552,679                      $492,989
                                         =======                      ========
Net interest income & margin (3)                   $20,851   5.6%               $17,791    5.4%
                                                    ======   ====                ======   =====

(1) Loan interest income includes fee income of $816,000 and $747,000 for the nine month
    periods ended September 30, 1999 and 1998, respectively
(2) Includes the average allowance for loan losses of $4,650,000 and $4,239,000 and average deferred
    loan fees of $806,000 and $566,000 for the nine months ended September 30, 1999 and 1998, respectively.
(3) Net interest margin is computed by dividing net interest income by the total average earning assets.
</TABLE>




<PAGE>
<TABLE>
<CAPTION>
(Unaudited)
 Volume/Rate Analysis (Unaudited)
(in thousands) Three Months Ended September 30, 1999 over 1998
Increase (decrease) due to change in:

                                                                    Net
Interest-earning assets:                  Volume      Rate (4)    Change
<S>                                     <C>            <C>       <C>
   Net Loans (1)(2)                      $2,086       $ (669)     $1,417
   Taxable investment securities             33           23          56
   Tax exempt investment securities (3)     691         (145)        546
   Federal funds sold                      (666)           1        (665)
                                         -------     --------     -------
     Total                                2,144         (790)      1,354
                                         -------     --------     -------

Interest-bearing liabilities:
   Demand deposits                          104          (46)         58
   Savings deposits                          18         (152)       (134)
   Time deposits                            326         (206)        120
   Other borrowings                         122            1         123
                                         -------     --------     -------
     Total                                  570         (403)        167
                                         -------     --------     -------
Interest differential                    $1,574       $ (387)     $1,187
                                         =======     ========     =======
(1  The average balance of non-accruing loans is immaterial as a percentage of
    total loans and, as such, has been included in net loans.
(2) Loan fees of $268,000 and $241,000 for the quarters ended September 30, 1999 and 1998, respectively have
    been included in the interest income computation.
(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 1999 and 1998.
(4) The rate / volume variance has been included in the rate variance.
</TABLE>



<PAGE>
<TABLE>
<CAPTION>
 Volume/Rate Analysis (Unaudited)
(in thousands) Nine Months Ended September 30, 1999 over 1998
Increase (decrease) due to change in:
                                                                     Net
Interest-earning assets:                   Volume       Rate (4)   Change
<S>                                       <C>           <C>         <C>
   Net Loans (1)(2)                       $ 5,586      $ (2,278)   $ 3,308
   Taxable investment securities               67            86        153
   Tax exempt investment securities (3)     2,051          (474)     1,577
   Federal funds sold                      (2,120)            -     (2,120)
                                          --------     ---------     ------
     Total                                  5,584        (2,666)     2,918
                                          --------     ---------     ------

Interest-bearing liabilities:
   Demand deposits                            218          (185)        33
   Savings deposits                           139          (434)      (295)
   Time deposits                              513          (693)      (180)
   Other borrowings                           300             -        300
                                          --------      -------      -------
     Total                                  1,170        (1,312)      (142)
                                          --------       -------     -------
Interest differential                     $ 4,414      $ (1,354)   $ 3,060
                                          ========       =======     =======

(1) The average balance of non-accruing loans is immaterial as a percentage of total loansand,as such,
    has been included in net loans.
(2) Loan fees of $816,000 and $747,000 for the nine months ended September 30, 1999 and 1998, respectively, have
    been included in the interest income computation.
(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 1999 and 1998.
(4) The rate / volume variance has been included in the rate variance.
</TABLE>



Provision for Loan Losses

The Bank provided $418,000 for loan losses in the third quarter of 1999
versus $40,000 in 1998.  The Bank had net loan charge-offs of $9,000 in the
third quarter of 1999 versus a net recovery of $78,000 in the year earlier
period.  The additional provision in 1999 was made primarily as a result of
increases in loan balances.  For the nine-month period ended September 30,
1999, the Bank has provided $955,000 for loan losses versus $81,000 in the
year earlier period. In this nine-month period, the Bank has recorded net
loan charge-offs of $16,000 as compared to a net recovery of $42,000 in the
first nine months of 1998.

Noninterest Income

Noninterest income consists primarily of service charges on deposit accounts
and fees for miscellaneous services.  Noninterest income totaled $529,000 in
the third quarter of 1999, which was up $39,000 (8.0%) over the same period
in 1998.  Most of the increase was due to higher volumes.  Fees from mortgage
originations were down $12,000 (19.3%) in the third quarter of 1999 as the
higher interest rates slowed home refinancings.

For the first nine-months of 1999, noninterest income was $1,662,000, which
reflected a 17.5% increase over the same period last year.   Service charges
on deposits were up $93,000 (10.6%) due to higher volumes and some selective
fee increases implemented in the fourth quarter in 1998. Other service
charges and fees were up $117,000 (31.3%) mostly due to new fee structures on
several services that were implemented in the fourth quarter of 1998.
Included in the increase in Other service charges, fees from mortgage
originations increased $50,000 (32%) as activity levels were higher in the
first half of 1999.


Noninterest Expense

Third quarter 1999 noninterest expense increased $797,000 (24.0%) to
$4,111,000 from the 1998 third quarter.  Salary and employee benefits
increased $220,000 (10.6%) due to increased staff for the Westridge branch,
which opened in December 1998, additional staff due to growth, higher benefit
costs, and normal salary increases.  On a quarter over quarter basis, premise
and fixed asset expenses were higher by $157,000 (33.9%).  Costs associated
with the Westridge branch, the new computer system and network upgrades
installed in the second half of 1998 were the major factors contributing to
the increased premise and fixed asset expenses.  Other expenses for the third
quarter of 1999 were $1,197,000 for an increase of $420,000 over the prior
year.  One time costs of approximately $190,000 were incurred in the quarter
for the combination of Bank of Salinas and Cypress Bank.  The overhead
efficiency ratio for the third quarter of 1999 was 53.0% as compared to 49.4%
in the same quarter of 1998.

Noninterest expenses for the nine-month period ending September 30, 1999 were
$11,758,000 versus $10,224,000 for the same period in 1998.  Salaries and
benefits increased $594,000 (9.5%) due to increased staffing levels, normal
salary progressions and higher commissions on mortgage originations.  Premise
and fixed asset expenses were up $397,000 (28.7%) due to the items as
detailed in the previous paragraph.  Other costs increased $543,000 (21.2%)
that included  $284,000 of one-time costs associated with merging Cypress
Bank into Bank of Salinas and changing the Bank's name.  $73,000 was charged
against OREO property market valuation in the first nine-months of 1999
versus none in the prior year.  The overhead efficiency ratio for the first
nine-months of 1999 was 53.6% as compared to 53.4% in the same period of 1998.

Provision for Income Taxes

As a result of  investments  in tax  qualified  municipal  bonds,  the  Company
revised its  estimated  income tax rate during the period  ended June 30, 1999.
The  effective  tax rate for the  third  quarter  and  nine-months  of 1999 was
38.0% versus 41.4% in the same two periods of 1998.

Securities

At September 30, 1999 available-for-sale securities had a market value of
$150,368,000 with a cost basis of $156,598,000.  The unrealized losses of
$6,230,000 at September 30, 1999 were an increase of $2,967,000 from the
ending balance at June 30, 1999.  The higher unrealized losses was the result
of continuing increases in interest rates and widening spreads in the
securities market during the third quarter.  The Bank was not active in the
securities market during the third quarter.  The Company does not anticipate
selling any of these securities for liquidity needs in the immediate future.

Loans

Ending loan balances at September 30, 1999 were $382,526,000, which was an
increase of  $64,188,000 (20.2%) from year-end 1998 balances and $84,922,000
(28.5%) from September 30, 1998 balances. With the exception of installment
loans, all other categories of loans were higher on a year over year basis.
Loan demand has remained strong through the third quarter of 1999 and heading
into the fourth quarter.

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 process
of collection.
<PAGE>

Real estate and other assets acquired in satisfaction of indebtedness are
recorded at the lower of estimated 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.  The 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)                                                 September 30,    December 31,
                                                                    1999           1998
                                                                 ------------   -----------
<S>                                                               <C>           <C>
Past due 90 days or more and still accruing :
   Real estate                                                           $ -       $ 1,174
   Commercial                                                              -            73
   Installment and other                                                   -             -
                                                                  -----------    ----------
                                                                           -         1,247
                                                                  -----------    ----------
Nonaccrual:
   Real estate                                                           302           543
   Commercial                                                          1,737           333
   Installment and other                                                   -             -
                                                                  -----------    ----------
                                                                       2,039           876
                                                                  -----------    ----------
Total nonperforming loans                                              2,039         2,123
                                                                  -----------    ----------
Other real estate owned                                                  180             -
                                                                  -----------    ----------
Total nonperforming assets                                            $2,219       $ 2,123
                                                                  ===========    ==========

Allowance for loan losses as a percentage of nonperforming loans         259%          205%
Nonperforming loans to total loans                                      0.53%         0.68%

</TABLE>



Nonperforming loans have decreased slightly during the first nine months of
1999.  Coverage ratio of the allowance for loan losses to nonperforming loans
has risen from 205% at year-end to 259%.  Overall loan quality has remained
high during 1999.

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 creditworthiness, 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.

Management believes that the allowance for loan losses at September 30, 1999
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.
<PAGE>

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

                                Three months ended    Nine months ended
                                   September 30,         September 30,
(In thousands)                    1999       1998        1999     1998
                                ------     ------       -----    ------
<S>                             <C>        <C>        <C>       <C>
 Beginning balance             $ 4,882    $ 4,228     $ 4,352  $ 4,223
   Provision charged to expense    418         40         955       81
   Loans charged off               (23)        (4)       (150)     (94)
   Recoveries                       14         82         134      136
                               --------   -------     -------  -------
Ending balance                 $ 5,291    $ 4,346     $ 5,291  $ 4,346
                               ========   =======     =======  =======

Ending loan portfolio                                $382,526 $297,604
                                                      =======  =======

Allowance for loan losses as percentage of
   ending loan portfolio                               1.38%    1.46%
</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 September 30,1999 were approximately $127,884,000 and $2,621,000,
respectively.  Such loan commitments 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 loans available for sale.  On September 30, 1999,
consolidated liquid assets totaled $165.6 million or 28.2% of total assets as
compared to $153.5 million or 28.2% of total consolidated assets on December
31, 1998.  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 $51,299,000 at September 30,
1999 compared to $51,199,000 at December 31, 1998.

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 in core
capital, and the allowance for loan losses in supplementary capital.



<PAGE>

The following table shows the Company's actual capital amounts and ratios at
September 30, 1999 and December 31, 1998 as well as the minimum capital
ratios for capital adequacy under the regulatory framework:
<TABLE>
<CAPTION>
                                                                         For captial
                                                    Actual             Adequacy Purposes
                                              Amount       Ratio      Amount       Ratio
                                            ----------------------   ---------------------
<S>                                       <C>            <C>        <C>            <C>
As of September 30, 1999
Total Capital (to Risk Weighted Assets):   $59,133,000      13.0%   $36,364,000      8.0%
Tier 1 Capital (to Risk Weighted Assets):   53,842,000      11.8%    18,182,000      4.0%
Tier 1 Capital (to Average Assets):         53,842,000       9.4%    23,009,000      4.0%

As of December 31, 1998
Total Capital (to Risk Weighted Assets):    53,588,000      14.8%    29,004,000      8.0%
Tier 1 Capital (to Risk Weighted Assets):   49,326,000      13.6%    14,502,000      4.0%
Tier 1 Capital (to Average Assets):         49,326,000       9.9%    19,935,000      4.0%
</TABLE>




Year 2000

As the year 2000  approaches,  a  critical  issue  has  emerged  regarding  how
existing  application  software  programs and operating systems can accommodate
this date value.  In brief,  many  existing  application  software  products in
the  marketplace  were  designed to only  accommodate a two digit date position
which  represents  the year (e.g.,  "95" is stored on the system and represents
the year 1995).  As a result,  the year 1999 (i.e.,  "99") could be the maximum
date  value  these  systems  will be able to  accurately  process.  This is not
just  a  banking  problem,   as  corporations  around  the  world  and  in  all
industries are similarly impacted.

The Company is  uncertain  regarding  the  consequences  of the Year 2000 (Y2K)
issue on the future results of operations,  liquidity and financial  condition;
but  believes  that failure to ensure that its systems are in  compliance  with
Y2K  requirements  could have a material  adverse effect on its business.  As a
result,  the Company has made  addressing  Y2K issues a priority of  management
and the Board.  Based upon actions  implemented to date, the Company  currently
anticipates   that  it  will  be  successful  in  addressing   Y2K  issues  and
anticipates  no  materially  adverse  processing   problems.   The  Company  is
subject to examination by the Federal  Deposit  Insurance  Corporation  and the
Federal   Reserve  Bank  under  their  Y2K  Phase  I  and  Phase  II  programs.
Management is not currently  aware of any  conditions  cited as  unsatisfactory
by such federal bank regulatory agencies.


All mission  critical  systems have been  identified  by the  Company,  and the
Company  has  tested  and  developed  contingency  plans,  for  each.  The term
"mission  critical"  refers to an  application  or system  that is vital to the
successful  continuance of core business  activity.  Significantly  all mission
critical  hardware and  software  utilized by the Company are provided by third
parties.  This  requires  that the Company be in close  contact  with  relevant
vendors and  contractors  as it  conducts  testing  and  contingency  planning.
Testing on the Company's  mission critical  systems is  substantially  complete
and monitoring of vendor and customer relationships is ongoing.

The Company has made  disclosures  to all existing and new customers  regarding
the  importance  of the Y2K  issue and its  relevance  to the  Company  and the
customer.  The Company is  conducting an ongoing  effort to identify  customers
that  represent  material risk exposure to the  institution,  to evaluate their
Y2K  preparedness  and risk to the Company and to  implement  appropriate  risk
controls.

The Company also  continues  to evaluate  the cost to address Y2K issues.  Most
costs  incurred  to date are in  conjunction  with the planned  replacement  of
systems.   The   cost  of   system   replacements   accelerated   to  meet  Y2K
requirements  and Y2K project  specific costs have not been  significant to the
operations  of  the  Company  as  a  whole.   Management   estimates  that  the
incremental  cost of mitigating  Year 2000 risk  exclusive of  management  time
that  has  been  redirected  to  focus  on this  matter  will be  approximately
$171,000.

Despite  efforts  undertaken  to  date  and  as  projected,  there  can  be  no
assurance  that  problems  will not arise  which  could have an adverse  impact
upon the Company due,  among other  matters,  to the  complexities  involved in
computer  programming  related to resolution of Year 2000 problems and the fact
that the systems of other  companies  on which  Central  Coast  Bancorp and its
subsidiary,  Community  Bank,  may  rely  must  also be  corrected  on a timely
basis.   Many  phases  of  the  Company's  Y2K  preparedness   plan  have  been
completed:  the  Company  has  identified,  assessed  and  prioritized  mission
critical   systems;   developed   Year  2000  testing   strategies  and  plans;
implemented  a  customer  due  diligence  program;   and  tested  most  mission
critical  systems.  But,  delays,   mistakes  or  failures  in  correcting  Y2K
system  problems by other  companies  on which  Central  Coast  Bancorp and its
subsidiary  may rely,  could have a  significant  adverse  impact upon  Central
Coast  Bancorp  and its  subsidiary,  Community  Bank,  and  their  ability  to
mitigate the risk of adverse impact of Y2K problems for their customers.

The   disclosure   set  forth  above   contains   forward-looking   statements.
Specifically,  such  statements are contained in sentences  including the words
"expect"  or "anticipate"  or "could"  or "should".   Such   forward-looking
statements  are  subject to  inherent  risks and  uncertainties  that may cause
actual  results  to  differ   materially   from  those   contemplated  by  such
forward-looking  statements.  The  factors  that may cause  actual  results  to
differ  materially from those  contemplated by the  forward-looking  statements
include the failure by third  parties to remedy Y2K issues or the  inability of
the  Company  to  complete  testing  software  changes  on the  time  schedules
currently  expected.  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

The reader is referred to Item 7A of the Company's 1998 Annual Report on Form
10-K for information on market risk.  There have been no significant changes
since December 31, 1998.



<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 the
                     Company's  1998  Annual  Report on Form 10K filed with the
                     Commission on March 29,1999.

           (4.1)     Specimen form of Central  Coast Bancorp stock  certificate
                     incorporated  by reference  from the Company's 1994 Annual
                     Report on Form 10K 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.

           *(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 10K 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 10K 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.

           (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
                     10K 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 10K 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 10K filed with the Commission on
                     March 27, 1998.

           (21.1)    The Registrant's only subsidiary is its
                     wholly-owned subsidiary, Community Bank Of Central
                     California.

           (27.1)    Financial Data Schedule

           *Denotes management contracts, compensatory plans or arrangements.

      (b)  Reports on Form 8-K - None


<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.


October 29, 1999                         CENTRAL COAST BANCORP

                                    By:  /S/ROBERT M.STANBERRY
                                         ______________________________
                                         Robert M. Stanberry
                                        (Chief Financial Officer,
                                         Principal Accounting Officer)




<PAGE>


                                 EXHIBIT INDEX


Exhibit
Number               Description                                   Page

27.1                 Financial Data Schedule                         24