<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 JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<CAPTION>
<S>                                       <C>
<PERIOD-TYPE>                              6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1998
<CASH>                                      36,889,165
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                            16,724,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 70,753,144
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    368,331,472
<ALLOWANCE>                                  3,935,368
<TOTAL-ASSETS>                             524,121,736
<DEPOSITS>                                 448,724,617
<SHORT-TERM>                                 4,627,657
<LIABILITIES-OTHER>                          3,601,742
<LONG-TERM>                                 10,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    29,148,795
<OTHER-SE>                                  28,018,925
<TOTAL-LIABILITIES-AND-EQUITY>             524,121,736
<INTEREST-LOAN>                             20,981,826
<INTEREST-INVEST>                            2,441,136
<INTEREST-OTHER>                               147,916
<INTEREST-TOTAL>                            23,570,878
<INTEREST-DEPOSIT>                           7,006,488
<INTEREST-EXPENSE>                           7,427,360
<INTEREST-INCOME-NET>                       16,143,518
<LOAN-LOSSES>                                  600,000
<SECURITIES-GAINS>                             407,316
<EXPENSE-OTHER>                              9,623,150
<INCOME-PRETAX>                              7,946,589
<INCOME-PRE-EXTRAORDINARY>                   5,363,989
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 5,363,989
<EPS-PRIMARY>                                      .35
<EPS-DILUTED>                                      .33
<YIELD-ACTUAL>                                       0<F1>
<LOANS-NON>                                  1,701,000
<LOANS-PAST>                                   865,000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             3,348,914
<CHARGE-OFFS>                                   41,817
<RECOVERIES>                                    28,271
<ALLOWANCE-CLOSE>                            3,935,368
<ALLOWANCE-DOMESTIC>                         3,935,368
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
<FN>
<F1>       INFORMATION NOT CALCULATED FOR INTERIM REPORTS.
</FN>
        

</TABLE>