CCF Holding Company Expanded Earnings Information For the Years Ended December 31, 2002 and December 31, 2001.

Business Editors

JONESBORO, Ga.--(BUSINESS WIRE)--Jan. 13, 2003

CCF Holding Company (Nasdaq: CCFH):

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                                       December 31, December 31,
                                          2002         2001
                                       -----------  -----------
                                        (unaudited)   (audited)
Total Assets                          $261,992,590   $247,807,959

CCF Net Income for the Quarter            $534,484       $694,805(a)

Basic Earnings per Share for the Quarter     $0.36          $0.47(c)

CCF Net Income for the Year             $1,962,690     $1,429,295(a)(b)

Basic Earnings per Share for the Year        $1.34          $0.97(c)

Net Interest Margin                           4.24%          4.01%

Efficiency Ratio                             75.65%         85.83%

Total Loans (end of period)           $193,822,558   $187,805,222

Non-Accrual Loans (end of period)         $217,298        $56,879

Non-Performing Loans (end of period)      $697,899        $56,879

Loan Loss Reserve (end of period)       $2,853,750     $2,149,364

Consolidated Equity (end of period)    $17,740,230    $15,813,197



    (a) Earnings reflect a one-time gain of approximately $413,000
        pre-tax, or $0.18 per share after-tax, for the settlement
        received from Westfield Insurance for the destruction by fire
        of the Bank's Forest Park Office.

    (b) Earnings reflect a one-time charge of approximately $492,000
        pre-tax, or ($0.29) per share after-tax, for the acceleration
        of principal payments on CCF's internally leveraged ESOP plan.
        Refer to press release dated February 2, 2001 for further
        information.

    (c) Adjusted to reflect the effect of a 3 for 2 stock split paid
        to shareholders' of record on December 4, 2002.

CCF Holding Company, the holding company of Heritage Bank, is filing this information in addition to the information released on January 9, 2003. The information released on January 9th has not changed.

Total loans at December 31, 2002 were $193,822,558 as compared to $187,805,222 for the period ending December 31, 2001. This represents an increase of 3.2%. The net interest margin for the period ending December 31, 2002 was 4.24% as compared to 4.01% for the period ending December 31, 2001. The loan loss reserve balance at December 31, 2002 was $2,853,750 or 1.47% of loans outstanding. For the period ending December 31, 2001, the loan loss reserve was $2,149,364 or 1.14% of loans outstanding. Non-performing loans totaled $697,899 at December 31, 2002 which equaled 0.36% of loans outstanding. At December 31, 2001, non-performing loans totaled $56,879 or 0.03% of loans outstanding.

Consolidated equity for CCF Holding Company $17,740,230 at December 31, 2002 as compared to $15,813,197 for the period ending December 31, 2001. This is an increase of $1,927,033 or 12.17%.

The Company's efficiency ratio improved from 85.83% at December 31, 2001 to 75.65% at December 31, 2002. The efficiency ratio includes provisions to the loan loss reserve of $1,053,750 in 2002 and $662,451 in 2001.

CCF Holding Company is the parent company of Heritage Bank, a state chartered commercial bank serving in the southern market of greater Atlanta, Georgia. The bank has five full service offices. The Company's stock is traded on the Nasdaq SmallCap market under the symbol "CCFH." The information contained in this press release should be reviewed in conjunction with the Company's 10-KSB filing when available on the EDGAR system.