DARIEN, Ga., Oct. 23 /PRNewswire-FirstCall/ -- Southeastern Banking Corporation (OTC:SEBC) (BULLETIN BOARD: SEBC) today announced its net income results for the quarter and nine months ended September 30, 2007 compared to the corresponding periods last year. -- Net income for the 2007 third quarter totaled $1,663,000 or $0.52 per share, up $17,000 or 1% from September 30, 2006. -- Year-to-date, net income declined $20,000 to $4,987,000 at September 30, 2007 from $5,007,000 in 2006. On a per share basis, net income for the nine month period totaled $1.55, unchanged from 2006. Southeastern Banking Corporation (the Company), with assets of $402 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 seventeen 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: Alyson G. Beasley, Vice President & Treasurer of Southeastern Banking Corporation, +1-912-437-4141 Web site: http://www.southeasternbank.com/

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