WEST COAST BANCORP /CA/
10-Q/A, 1995-01-06
NATIONAL COMMERCIAL BANKS
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                                 FORM 10-Q(A)

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

               For the quarterly period ended September 30, 1994

                                       or

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

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

     FOR QUARTER ENDED SEPTEMBER 30, 1994    COMMISSION FILE NUMBER: 0-10897

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

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

     4770 CAMPUS DRIVE, SUITE 100
     Newport Beach, California                    92660-1833
     (Address of principal executive offices)     (Zip Code)

      (Registrant's telephone number, including area code) (714) 757-6868

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 for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                                YES  X     NO   
                                     ----    ----
  Number of shares of common stock of the registrant outstanding as of October
31, 1994:
                                   9,192,942



                                      -1-  <PAGE>
                      WEST COAST BANCORP AND SUBSIDIARIES

                               September 30, 1994

                                    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

   27   Financial Data Schedule for September 30, 1994

   (b)  Reports on Form 8-K

   NONE




















                                      -2-  <PAGE>
                                   SIGNATURES


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


WEST COAST BANCORP





           /s/John B. Joseph                           November 10, 1994
           -----------------------------------------   ----------------------
           John B. Joseph                              Date
           Chief Executive Officer





           /s/Frank E. Smith                           November 10, 1994
           -----------------------------------------   ----------------------
           Frank E. Smith                              Date
           Chief Financial Officer<PAGE>


<TABLE> <S> <C>

<ARTICLE> 9
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               SEP-30-1994
<CASH>                                            9012
<INT-BEARING-DEPOSITS>                            2241
<FED-FUNDS-SOLD>                                 12200
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                       4000
<INVESTMENTS-CARRYING>                            5876
<INVESTMENTS-MARKET>                              5844
<LOANS>                                          97065
<ALLOWANCE>                                       4622
<TOTAL-ASSETS>                                  141619
<DEPOSITS>                                      127559
<SHORT-TERM>                                       598
<LIABILITIES-OTHER>                               2352
<LONG-TERM>                                       3751
<COMMON>                                         30200
                                0
                                          0
<OTHER-SE>                                     (22841) 
<TOTAL-LIABILITIES-AND-EQUITY>                  141619
<INTEREST-LOAN>                                  12181
<INTEREST-INVEST>                                 1257
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                 13438
<INTEREST-DEPOSIT>                                3463
<INTEREST-EXPENSE>                                3845
<INTEREST-INCOME-NET>                             9593
<LOAN-LOSSES>                                     3039
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  12872
<INCOME-PRETAX>                                 (4039)
<INCOME-PRE-EXTRAORDINARY>                      (4052)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (4052)
<EPS-PRIMARY>                                    (.44)
<EPS-DILUTED>                                    (.44)
<YIELD-ACTUAL>                                    6.04
<LOANS-NON>                                       5931
<LOANS-PAST>                                        48
<LOANS-TROUBLED>                                  5883
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                  5557
<CHARGE-OFFS>                                     3562
<RECOVERIES>                                       431
<ALLOWANCE-CLOSE>                                 4622
<ALLOWANCE-DOMESTIC>                              4622
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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