<ARTICLE> 9 <LEGEND> FINANCIAL DATA SCHEDULE Columbia Banking System, Inc. (in thousands except per share) </LEGEND> <CIK> 0000887343 <NAME> COLUMBIA BANKING SYSTEM, INC. <MULTIPLIER> 1000 <CURRENCY> $ <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <CASH> 44907 <INT-BEARING-DEPOSITS> 29868 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 58216 <INVESTMENTS-CARRYING> 13997 <INVESTMENTS-MARKET> 0 <LOANS> 716837 <ALLOWANCE> 8987 <TOTAL-ASSETS> 902143 <DEPOSITS> 773203 <SHORT-TERM> 0 <LIABILITIES-OTHER> 8873 <LONG-TERM> 39000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 68221 <OTHER-SE> 12846 <TOTAL-LIABILITIES-AND-EQUITY> 902143 <INTEREST-LOAN> 15853 <INTEREST-INVEST> 1194 <INTEREST-OTHER> 360 <INTEREST-TOTAL> 17407 <INTEREST-DEPOSIT> 6849 <INTEREST-EXPENSE> 7376 <INTEREST-INCOME-NET> 10031 <LOAN-LOSSES> 550 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 8258 <INCOME-PRETAX> 3743 <INCOME-PRE-EXTRAORDINARY> 3743 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2413 <EPS-PRIMARY> .24 <EPS-DILUTED> .23 <YIELD-ACTUAL> 5.07 <LOANS-NON> 2647 <LOANS-PAST> 0 <LOANS-TROUBLED> 19 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 8440 <CHARGE-OFFS> 102 <RECOVERIES> 99 <ALLOWANCE-CLOSE> 8987 <ALLOWANCE-DOMESTIC> 8987 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1622