Coddle Creek Financial Corp. Announces Earnings.

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 December 31, 2008. and for the year-to-date December 31, 2008. Data on a consolidated basis are as follows:

Total Assets        <                   <

155,564,000
                    <                   <


Total Liabilities   <                   <

135,956,000
                    <                   <


Total Equity        <                   <

19,608,000
                    <                   <


Net Income          <                   <

550,000
                    <                   <


Earnings per share  <                   <  Quarter to

Year to date
                    <                   <


Basic               <                   <  .38

.95
Diluted             <                   <  .38

.95

The Board of Directors of Coddle Creek Financial Corp. also approved a 25 cent per share dividend at the January 15, 2008 meeting. The dividend will be paid on February 14, 2008 to shareholders of record on January 31, 2008.