Coddle Creek Financial Corp. Announces Earnings Per Share for the Quarter Ending June 30, 2008 and Year-to-Date June 30, 2008.

MOORESVILLE, N.C. -- Coddle Creek Financial Corp., the holding company of Mooresville Savings Bank, Mooresville, NC, announced earnings per share for the quarter ending June 30, 2008, and for the year-to-date June 30, 2008. Data on a consolidated basis are as follows:

Total Assets        <                   <

158,597,000
Total Liabilities   <                   <

139,504,000
Total Equity        <                   <

19,093,000
Net Income          <                   <

111,000
                    <                   <


Earnings per share  <                   <  Quarter to

Year to date
Basic               <                   <  .04

.19
Diluted             <                   <  .04

.19

The Board of Directors of Coddle Creek Financial Corp. also approved a 25 cent per share dividend at the July 22, 2008 meeting. The dividend will be paid on August 19, 2008 to shareholders of record on August 5, 2008.