<TABLE> <S> <C>


<ARTICLE> 9
<LEGEND>

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM CENTENNIAL
BANCORP'S CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN ITS QUARTERLY REPORT ON
FORM 10-Q FOR THE PERIOD  ENDED MARCH 31, 1998 AND IS  QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                       <C>   
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                      31,633,136
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             9,000,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 75,963,780
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    352,880,812
<ALLOWANCE>                                  3,654,304
<TOTAL-ASSETS>                             500,019,500
<DEPOSITS>                                 425,523,049
<SHORT-TERM>                                 5,382,350
<LIABILITIES-OTHER>                          4,731,940
<LONG-TERM>                                 10,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    29,101,854
<OTHER-SE>                                  25,280,307
<TOTAL-LIABILITIES-AND-EQUITY>             500,019,500
<INTEREST-LOAN>                             10,015,258
<INTEREST-INVEST>                            1,241,459
<INTEREST-OTHER>                                82,448
<INTEREST-TOTAL>                            11,339,165
<INTEREST-DEPOSIT>                           3,377,068
<INTEREST-EXPENSE>                           3,587,210
<INTEREST-INCOME-NET>                        7,751,955
<LOAN-LOSSES>                                  300,000
<SECURITIES-GAINS>                             145,312
<EXPENSE-OTHER>                              4,578,387
<INCOME-PRETAX>                              3,779,661
<INCOME-PRE-EXTRAORDINARY>                   2,551,261
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,551,261
<EPS-PRIMARY>                                      .18
<EPS-DILUTED>                                      .17
<YIELD-ACTUAL>                                       0<F1>
<LOANS-NON>                                    857,000
<LOANS-PAST>                                 1,553,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             3,348,914
<CHARGE-OFFS>                                    5,000
<RECOVERIES>                                    10,390
<ALLOWANCE-CLOSE>                            3,654,304
<ALLOWANCE-DOMESTIC>                         3,654,304
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>       INFORMATION NOT CALCULATED FOR INTERIM REPORTS.
</FN>
        

</TABLE>