<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, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                     <C> 
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                      40,838,367
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             1,003,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 76,793,378
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     20,975,044
<ALLOWANCE>                                  4,450,614
<TOTAL-ASSETS>                             572,050,090
<DEPOSITS>                                 483,866,296
<SHORT-TERM>                                20,600,071
<LIABILITIES-OTHER>                          3,866,582
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    29,690,949
<OTHER-SE>                                  34,026,192
<TOTAL-LIABILITIES-AND-EQUITY>             572,050,090
<INTEREST-LOAN>                             44,348,206
<INTEREST-INVEST>                            4,794,819
<INTEREST-OTHER>                               705,464
<INTEREST-TOTAL>                            49,848,489
<INTEREST-DEPOSIT>                          15,074,009
<INTEREST-EXPENSE>                          15,836,501
<INTEREST-INCOME-NET>                       34,011,988
<LOAN-LOSSES>                                1,500,000
<SECURITIES-GAINS>                             599,885
<EXPENSE-OTHER>                             19,348,558
<INCOME-PRETAX>                             17,346,946
<INCOME-PRE-EXTRAORDINARY>                  11,434,546
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 11,434,546
<EPS-PRIMARY>                                       .68<F1>
<EPS-DILUTED>                                       .65<F1>
<YIELD-ACTUAL>                                        0
<LOANS-NON>                                   3,841,000
<LOANS-PAST>                                    757,000
<LOANS-TROUBLED>                                      0
<LOANS-PROBLEM>                                       0
<ALLOWANCE-OPEN>                              3,348,914
<CHARGE-OFFS>                                   452,100
<RECOVERIES>                                      53,800
<ALLOWANCE-CLOSE>                             4,450,614
<ALLOWANCE-DOMESTIC>                          4,450,614
<ALLOWANCE-FOREIGN>                                   0
<ALLOWANCE-UNALLOCATED>                               0
<FN>
<F1> REFLECTS AN 11-FOR-10 STOCK SPLIT PAID IN FEBRUARY 1999.
</FN>
        

</TABLE>