-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MlS6Oc+xaq3rr0Ja4/5BCLA8XrYITNAJbBPYPpaanqzZAzVqkT065c1sVnR/wnap
 jXMz2seH2boe+bm1F8rp0g==

<SEC-DOCUMENT>0001181431-04-059471.txt : 20041217
<SEC-HEADER>0001181431-04-059471.hdr.sgml : 20041217
<ACCEPTANCE-DATETIME>20041217092538
ACCESSION NUMBER:		0001181431-04-059471
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041217
FILED AS OF DATE:		20041217
DATE AS OF CHANGE:		20041217

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MIDCAROLINA FINANCIAL CORP
		CENTRAL INDEX KEY:			0001174872
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	MAIL ADDRESS:	
		STREET 1:		POST OFFICE BOX 968
		CITY:			BURLINGTON
		STATE:			NC
		ZIP:			27215

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			POWELL JAMES B
		CENTRAL INDEX KEY:			0001044220

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49848
		FILM NUMBER:		041209926

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		3364365066

	MAIL ADDRESS:	
		STREET 1:		430 S SPRING STREET
		CITY:			BURLINGTON
		STATE:			NC
		ZIP:			27215
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd61885.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-12-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001174872</issuerCik>
        <issuerName>MIDCAROLINA FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>MCFI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001044220</rptOwnerCik>
            <rptOwnerName>POWELL JAMES B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX 968 BURLINGTON NC 27216</rptOwnerStreet1>
            <rptOwnerStreet2>3101 SOUTH CHURCH ST</rptOwnerStreet2>
            <rptOwnerCity>BURLINGTON</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>27216</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>MidCarolina Finanical Corporation Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-12-16</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2004-12-16</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>16.75</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>71196</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>Mr. Powell sold 8100 shares of MidCarolina Finanical Corporation at $16.75 on 12/16/2004</remarks>

    <ownerSignature>
        <signatureName>Trudi Isakson</signatureName>
        <signatureDate>2004-12-17</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----