<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, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                  1
       
<S>                           <C>
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                      26,827,505
<INT-BEARING-DEPOSITS>                      11,570,000
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 82,654,422
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    265,091,644
<ALLOWANCE>                                 (2,599,653)
<TOTAL-ASSETS>                             407,185,604
<DEPOSITS>                                 339,955,245
<SHORT-TERM>                                12,315,583
<LIABILITIES-OTHER>                          3,568,917
<LONG-TERM>                                 10,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    13,070,894
<OTHER-SE>                                  28,274,965
<TOTAL-LIABILITIES-AND-EQUITY>             407,185,604
<INTEREST-LOAN>                             26,298,655
<INTEREST-INVEST>                            5,058,887
<INTEREST-OTHER>                               700,752
<INTEREST-TOTAL>                            32,058,294
<INTEREST-DEPOSIT>                           9,647,930
<INTEREST-EXPENSE>                          11,368,237
<INTEREST-INCOME-NET>                       20,690,057
<LOAN-LOSSES>                                  735,000
<SECURITIES-GAINS>                               6,595
<EXPENSE-OTHER>                             12,400,159
<INCOME-PRETAX>                              9,651,188
<INCOME-PRE-EXTRAORDINARY>                   6,514,288
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 6,514,288
<EPS-PRIMARY>                                     1.11
<EPS-DILUTED>                                     1.03
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                  1,480,000
<LOANS-PAST>                                   420,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,928,372
<CHARGE-OFFS>                                  109,779
<RECOVERIES>                                    46,060
<ALLOWANCE-CLOSE>                            2,599,653
<ALLOWANCE-DOMESTIC>                         2,599,653
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0

        


</TABLE>