Southeastern Banking Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net interest income was $2,902,000 against $3,022,000 a year ago. Core operating earnings (nonGAAP) was $856,000 against $830,000 a year ago. Basic and diluted loss per share was $0.35 against $0.07 a year ago. Book value was $12.41 against $14.37 a year ago. Negative return on average assets was 1.07% against 0.21% a year ago. Negative return on average equity was 10.99% against 2.01% a year ago. Net loss was $1,095,000 against $225,000 a year ago.

For the six months, the company reported net interest income was $5,846,000 against $6,103,000 a year ago. Core operating earnings (nonGAAP) were $1,669,000 against $1,742,000 a year ago. Basic and diluted loss per share was $0.47 against $0.06 a year ago. Book value was $12.41 against $14.37 a year ago. Negative return on average assets was 0.72% against 0.09% a year ago. Negative return on average equity was 7.42% against 0.85% a year ago. Net loss was $1,484,000 against $199,000 a year ago.

For the quarter, the company reported write-downs on other real estate was $273,000 against $82,000 a year ago.