<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, 1999 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                       <C>   
<PERIOD-TYPE>                                     3-MOS
<FISCAL-YEAR-END>                           DEC-31-1999
<PERIOD-START>                              JAN-01-1999
<PERIOD-END>                                MAR-31-1999
<CASH>                                       28,257,590
<INT-BEARING-DEPOSITS>                                0
<FED-FUNDS-SOLD>                             20,250,000
<TRADING-ASSETS>                                      0
<INVESTMENTS-HELD-FOR-SALE>                  60,898,918
<INVESTMENTS-CARRYING>                                0
<INVESTMENTS-MARKET>                                  0
<LOANS>                                     431,779,886
<ALLOWANCE>                                   4,923,316
<TOTAL-ASSETS>                              571,418,295
<DEPOSITS>                                  488,129,155
<SHORT-TERM>                                 12,887,016
<LIABILITIES-OTHER>                           3,469,679
<LONG-TERM>                                           0
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                     30,084,235
<OTHER-SE>                                   36,848,210
<TOTAL-LIABILITIES-AND-EQUITY>              571,418,295
<INTEREST-LOAN>                              11,655,136
<INTEREST-INVEST>                             1,173,474
<INTEREST-OTHER>                                 65,255
<INTEREST-TOTAL>                             12,893,865
<INTEREST-DEPOSIT>                            3,662,862
<INTEREST-EXPENSE>                            3,833,180
<INTEREST-INCOME-NET>                         9,060,685
<LOAN-LOSSES>                                   500,000
<SECURITIES-GAINS>                              165,806
<EXPENSE-OTHER>                               5,014,575
<INCOME-PRETAX>                               4,594,808
<INCOME-PRE-EXTRAORDINARY>                    2,959,758
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                  2,959,758
<EPS-PRIMARY>                                       .18
<EPS-DILUTED>                                       .17
<YIELD-ACTUAL>                                        0<F1>
<LOANS-NON>                                   2,967,403
<LOANS-PAST>                                    588,595
<LOANS-TROUBLED>                                      0
<LOANS-PROBLEM>                                       0
<ALLOWANCE-OPEN>                              4,450,614
<CHARGE-OFFS>                                    37,191
<RECOVERIES>                                      9,893
<ALLOWANCE-CLOSE>                             4,923,316
<ALLOWANCE-DOMESTIC>                          4,923,316
<ALLOWANCE-FOREIGN>                                   0
<ALLOWANCE-UNALLOCATED>                               0
<FN>
<F1>    INFORMATION NOT CALCULATED FOR INTERIM REPORTS.
</FN>
        

</TABLE>