**Exhibit 31(ii)**

**CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002**

I, David A. Godwin, certify that:

|   | 1.     | I have reviewed this annual report on Form 10-K of   Waccamaw Bankshares, Inc. (the “registrant”);                                                                                                                                                                                                            |
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|   | 2.     | Based on my knowledge, this report does not contain   any untrue statement of material fact or omit to state a material fact   necessary to make the statements made, in light of the circumstances under   which such statements were made, not misleading with respect to the period   covered by this report;        |
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|   | 3.     | Based on my knowledge, the financial statements, and   other financial information included in this report, fairly present in all   material respects the financial condition, results of operations and cash   flows of the registrant as of, and for, the periods presented in this report;                           |
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|   | 4.     | The registrant’s other certifying officer and I are   responsible for establishing and maintaining disclosure controls and   procedures (as defined in Exchange Act 13a-15(e) and 15d-15(e)) for the   registrant and have:                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                    |   |
|   |   | a.                                                                                                                                                                                                                                                                                                                      | Designated such disclosure controls and procedures,   or caused such disclosure controls and procedures to be designed under our   supervision, to ensure that all material information relating to the   registrant, is made known to us by others within those entities, particularly   during the period which this report is being prepared; |
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|   |   | b.                                                                                                                                                                                                                                                                                                                      | Reserved; |
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|   |   | c.                                                                                                                                                                                                                                                                                                                      | Evaluated the effectiveness of the registrant’s   disclosure controls and procedures and presented in this report our   conclusions about the effectiveness of the disclosure controls and   procedures, as of the end of the period covered by this report based on such   evaluation; and |
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|   |   | d.                                                                                                                                                                                                                                                                                                                      | Disclosed in this report any change in the   registrant’s internal control over financial reporting that occurred during   the registrant’s most recent fiscal quarter that has materially affected, or   is reasonably likely to materially affect, the registrant’s internal control   over financial reporting; and |
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|   | 5.     | The registrant’s other certifying officer and I have   disclosed, based upon our most recent evaluation of internal control over   financial reporting, to the registrant’s auditor and the audit committee of   the registrant’s board of directors (or persons performing the equivalent   functions): |
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|   |   | a.                                                                                                                                                                                                                                                                                                                      | All significant deficiencies and material weaknesses   in the design or operation of internal control over financial reporting which   are reasonably likely to adversely affect the registrant’s ability to record,   process, summarize and report financial information; and |
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|   |   | b.                                                                                                                                                                                                                                                                                                                      | Any fraud, whether or not material, that involves   management or other employees who have a significant role in the registrant’s   internal control over financial accounting. |

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| Date:  March   27, 2007 | By:    | /s/ David A. Godwin                              |
|                         |   |                                                  |
|                         |   | David A. Godwin                                  |
|                         |   | Chief Financial and Principal Accounting Officer |
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