v2.4.0.6

Consolidated Statements Of Condition (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 8,658,466	$ 13,054,299
Interest-bearing deposits in other banks	101,006,159	83,943,754
Federal funds sold	2,150,000	2,150,000
Cash and cash equivalents	111,814,625	99,148,053
Investment securities available-for-sale	85,235,183	88,001,673
Loans, gross	192,552,313	202,308,311
Unearned income	(43,476)	(45,166)
Allowance for loan losses	(6,511,814)	(6,776,601)
Net loans	185,997,023	195,486,544
Premises and equipment, net	11,515,253	11,710,593
Bank-owned life insurance, at cash surrender value	6,032,527	5,973,805
Other real estate	16,664,485	12,653,580
Other assets	3,429,062	3,635,630
Total assets	420,688,158	416,609,878
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing demand deposits	75,921,426	63,612,851
Interest-bearing demand, savings, and time deposits	298,267,646	306,258,941
Total deposits	374,189,072	369,871,792
Federal Home Loan Bank advances	5,000,000	5,000,000
Other liabilities	1,514,438	1,613,431
Total liabilities	380,703,510	376,485,223
Shareholders' Equity:
Common stock, $1.25 par value	4,475,996	4,475,996
Additional paid-in-capital	1,549,228	1,541,027
Retained earnings	42,078,986	42,467,569
Treasury stock, at cost	(8,894,461)	(8,894,461)
Accumulated other comprehensive income	774,899	534,524
Total shareholders' equity	39,984,648	40,124,655
Total liabilities and shareholders' equity	$ 420,688,158	$ 416,609,878
Common shares issued	3,580,797	3,580,797
Common shares authorized	10,000,000	10,000,000
Common shares outstanding	3,129,388	3,129,388
Treasury shares	451,409	451,409

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

SOUTHEASTERN BANKING CORP 10-Q