<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, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

<S>                                      <C>
<PERIOD-TYPE>                 YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                      21,991,459
<INT-BEARING-DEPOSITS>                       6,000,000
<FED-FUNDS-SOLD>                             8,730,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 72,923,942
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    186,517,192
<ALLOWANCE>                                  1,928,372
<TOTAL-ASSETS>                             317,463,715
<DEPOSITS>                                 267,880,292
<SHORT-TERM>                                11,419,123
<LIABILITIES-OTHER>                          2,574,240
<LONG-TERM>                                  9,200,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     9,302,260
<OTHER-SE>                                  17,087,800
<TOTAL-LIABILITIES-AND-EQUITY>             317,463,715
<INTEREST-LOAN>                             20,908,425
<INTEREST-INVEST>                            3,696,352
<INTEREST-OTHER>                               669,391
<INTEREST-TOTAL>                            25,274,168
<INTEREST-DEPOSIT>                           7,498,002
<INTEREST-EXPENSE>                           9,004,456
<INTEREST-INCOME-NET>                       16,269,712
<LOAN-LOSSES>                                  350,000
<SECURITIES-GAINS>                              65,895
<EXPENSE-OTHER>                             11,503,970
<INCOME-PRETAX>                              6,693,118
<INCOME-PRE-EXTRAORDINARY>                   4,551,318
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,551,318
<EPS-PRIMARY>                                      .40<F1>
<EPS-DILUTED>                                      .34<F1>
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                    478,000
<LOANS-PAST>                                   645,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,700,130
<CHARGE-OFFS>                                  161,891
<RECOVERIES>                                    40,133
<ALLOWANCE-CLOSE>                            1,928,372
<ALLOWANCE-DOMESTIC>                         1,928,372
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>REFLECTS STOCK SPLIT PAID FEB 20, 1998 IN FORM OF 100% STOCK DIVIDEND AND
THE ADOPTION IN FOURTH QUARTER 1997 OF FAS 128, A NEW STANDARD OF COMPUTING AND
PRESENTING BOTH BASIC AND DILUTED NET INCOME PER SHARE.
</FN>


</TABLE>