Southeastern Banking Corporation Reports Fourth Quarter and Year-End 2004 Earnings

Southeastern Banking Corporation Reports Fourth Quarter and
Year-End 2004 Earnings 


DARIEN, Ga., March 17  /PRNewswire-FirstCall/ -- Southeastern Banking
Corporation (OTC:SEBC) (BULLETIN BOARD: SEBC)  today announced increases in net
income for the quarter and year ended December 31, 2004 compared to the
corresponding periods last year.

   -- Net income for the 2004 fourth quarter totaled $1,536,000 or $0.46 per
      share, up $156,000 or 11% from December 31, 2003.
   -- Year-to-date, net income grew $603,000 or 12% to $5,804,000 at
      December 31, 2004 from $5,201,000 in 2003.  On a per share basis, net
      income for the year improved $0.19 to $1.75 at December 31, 2004 from
      $1.56 in 2003.



Southeastern Banking Corporation (the Company), with assets of $401 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 sixteen branch locations, 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:  Wanda D. Pitts, Secretary of Southeastern Banking Corporation,

[phone]



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

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