# COASTAL BANKING
COMPANY, INC.

Exhibit 31.2

Rule
13a-14(a) Certification of the Chief Financial Officer.

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# COASTAL BANKING
COMPANY, INC.

Exhibit 31.2

Rule
13a-14(a) Certification of the Chief Financial Officer.

I, Charlie T. Lovering, Chief
Financial Officer certify that:

| | 1. | I have reviewed this quarterly report on Form 10-KSB of Coastal Banking Company,
          Inc.
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| | 2. | Based on my knowledge, this annual report does not contain any untrue
          statement of a 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 quarterly
          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 small business issuer as
          of, and for, the periods presented in this report;
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| | 4. | For the small business issuers
           other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
          Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have:
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| | a) | designed such disclosure controls and procedures, or caused such disclosure
          controls and procedures, to be designed under our supervision, to ensure that
          material information relating to the small business issuer, including its consolidated
          subsidiaries, is made known to us by others within those entities, particularly
          during the period in which this report is being prepared;
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| | b) | evaluated the effectiveness of the small business issuer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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| | c) | disclosed in this report any change in the small business issuers internal control
          over financial reporting that occurred during the small business issuers fourth fiscal
          quarter that has materially affected, or is reasonably likely to
          materially affect, the small business issuers internal control over financial
          reporting; and
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| | 5. | The small business issuers other certifying officer(s) and I have disclosed, based on
          our most recent evaluation of internal control over financial reporting, to the
          small business issuers auditors and the audit committee of small business issuer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 controls over financial reporting which are reasonably likely to
          adversely affect the small business issuer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 small business issuers internal control over
          financial reporting.
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Date:  May 24, 2004

| |  | /s/ Charlie T. Lovering
Charlie T. LoveringChief Financial Officer
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