Southeastern Banking Corporation Reports First Quarter Earnings

Southeastern Banking Corporation Reports First Quarter Earnings



DARIEN, Ga., April 28  /PRNewswire-FirstCall/ -- Southeastern Banking
Corporation  (BULLETIN BOARD: SEBC)  today announced an increase in net income
for the quarter ended March 31, 2004 compared to the corresponding period last
year.

   - Net income for the 2004 first quarter totaled $1,339,000, up $118,000
     or 9.66% from March 31, 2003.
   - On a per share basis, net income improved $0.03 to $0.40 at March 31,
     2004 from $0.37 in 2003.



Southeastern Banking Corporation (the Company), with assets of $383 million, is
a financial services company with operations in southeast Georgia and northeast
Florida.  Southeastern Bank (SEB), the Company's principal subsidiary, offers a
full line of commercial and retail services to meet the financial needs of its
customer base through its fifteen branch locations, loan production office in
Brunswick, Georgia, and ATM network. Services offered include traditional
deposit and credit services, long-term mortgage originations, and credit cards.
 SEB also offers 24-hour delivery channels including internet and telephone
banking and provides insurance and investment brokerage services.  The Company
is headquartered in Darien, Georgia.  More information on the Company and its
subsidiaries can be obtained through SEB's website at
http://www.southeasternbank.com/ or through periodic filings with the
Securities & Exchange Commission at http://www.sec.gov/ . 

DATASOURCE: Southeastern Banking Corporation



CONTACT:  Alyson G. Beasley, Vice President of Southeastern Banking

Corporation, [phone]



Web site:  http://www.southeasternbank.com/

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