Coddle Creek Financial Corp. Announced Earnings Per Share for the Quarter Ending March 31, 2006 and for the Year-to-Date March 31, 2006.

MOORESVILLE, N.C. -- Coddle Creek Financial Corp.(PINK SHEETS:CDLX), the holding company of Mooresville Savings Bank, Mooresville, NC, announced earnings per share for the quarter ending March 31, 2006 and for the year-to-date March 31, 2006. Data on a consolidated basis are as follows:

Total  Assets                                          145,046,000.00

Liabilities & Stockholders' Equity

Total Liabilities                                      124,442,000.00

Total Stockholders' Equity                              20,604,000.00

Total Liabilities & Stockholders' Equity               145,046,000.00

Net Income                                                  97,000.00

Earnings per share          Quarter to date            Year to date

Basic                            .16                         .16
Diluted                          .16                         .16

The Board of Directors of Coddle Creek Financial Corp. also approved a 25 cent per share dividend at its April 20, 2006 meeting. The dividend will be paid on May 30, 2006 to shareholders of record on May 19, 2006.