BEAUFORT, S.C., May 10, 2012 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., Fernandina Beach, Fla., and Meigs, Ga., today reported quarterly net income of $299,595, or $0.06 in earnings per diluted share, for the quarter ended March 31, 2012, compared to net income of $15,232, or a loss of $0.05 per diluted share, for the first quarter of 2011.
For the full text of the press release and financial tables, please visit the company's website at http://www.coastalbanking.com/pdf/CBCO_1Q12_Earnings.pdf.