<TABLE> <S> <C>

<ARTICLE>                     9
<LEGEND>

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTENNIAL
BANCORP'S CONSOLIDATED FINANCIAL STATEMENTS INCORPORATED INTO ITS ANNUAL REPORT
ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 19976 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                                      <C>
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                      26,269,239
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            23,800,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 83,904,253
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    335,040,313
<ALLOWANCE>                                  3,348,914
<TOTAL-ASSETS>                             492,573,411
<DEPOSITS>                                 419,282,084
<SHORT-TERM>                                 7,715,783
<LIABILITIES-OTHER>                          3,765,386
<LONG-TERM>                                 10,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    29,031,352
<OTHER-SE>                                  22,778,806
<TOTAL-LIABILITIES-AND-EQUITY>             492,573,411
<INTEREST-LOAN>                             34,329,126
<INTEREST-INVEST>                            4,825,636
<INTEREST-OTHER>                               949,288
<INTEREST-TOTAL>                            40,104,050
<INTEREST-DEPOSIT>                          12,454,373
<INTEREST-EXPENSE>                          13,565,993
<INTEREST-INCOME-NET>                       26,538,057
<LOAN-LOSSES>                                1,250,000
<SECURITIES-GAINS>                             168,716
<EXPENSE-OTHER>                             14,851,028
<INCOME-PRETAX>                             13,632,163
<INCOME-PRE-EXTRAORDINARY>                   9,303,363
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 9,303,363
<EPS-PRIMARY>                                      .64<F1>
<EPS-DILUTED>                                      .62<F1>
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                    873,000
<LOANS-PAST>                                   402,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             2,599,653
<CHARGE-OFFS>                                  557,949
<RECOVERIES>                                    57,210
<ALLOWANCE-CLOSE>                            3,348,914
<ALLOWANCE-DOMESTIC>                         3,348,914
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>REFLECTS STOCK SPLIT PAID FEBRUARY 20, 1998 IN FORM OF 100% STOCK DIVIDEND
</FN>


</TABLE>