<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  SEPTEMBER  30,  1998 AND IS  QUALIFIED  IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                        <C>  
<PERIOD-TYPE>                              9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                      29,652,721
<INT-BEARING-DEPOSITS>                         100,000
<FED-FUNDS-SOLD>                             9,095,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 84,730,442
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    402,789,324
<ALLOWANCE>                                  4,154,237
<TOTAL-ASSETS>                             562,530,785
<DEPOSITS>                                 482,111,659
<SHORT-TERM>                                16,173,446
<LIABILITIES-OTHER>                          3,658,901
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    29,228,372
<OTHER-SE>                                  31,358,407
<TOTAL-LIABILITIES-AND-EQUITY>             562,530,785
<INTEREST-LOAN>                             32,476,557
<INTEREST-INVEST>                            3,533,572
<INTEREST-OTHER>                               593,954
<INTEREST-TOTAL>                            36,604,083
<INTEREST-DEPOSIT>                          11,111,447
<INTEREST-EXPENSE>                          11,685,440
<INTEREST-INCOME-NET>                       24,918,643
<LOAN-LOSSES>                                1,200,000
<SECURITIES-GAINS>                             599,885
<EXPENSE-OTHER>                             14,315,723
<INCOME-PRETAX>                             12,476,611
<INCOME-PRE-EXTRAORDINARY>                   8,396,911
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 8,396,911
<EPS-PRIMARY>                                      .55
<EPS-DILUTED>                                      .52
<YIELD-ACTUAL>                                       0<F1>
<LOANS-NON>                                  3,690,000
<LOANS-PAST>                                   571,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             3,348,914
<CHARGE-OFFS>                                  426,914
<RECOVERIES>                                    32,237
<ALLOWANCE-CLOSE>                            4,154,237
<ALLOWANCE-DOMESTIC>                         4,154,237
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>       INFORMATION NOT CALCULATED FOR INTERIM REPORTS.
</FN>
        

</TABLE>