8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) April 25, 2005

CENTERSTATE BANKS OF FLORIDA, INC.

(Exact name of registrant as specified in charter)

Florida	333-95087	59-3606741
(State or other jurisdiction of incorporation)	(Commission file number)	(IRS employer identification no.)

1101 First Street South, Suite 202, Winter Haven, FL	33880
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (863) 293-2600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On April 25, 2005, CenterState Banks of Florida, Inc. issued a press release announcing certain financial results and additional information. A copy of the press release is furnished with this Form 8-K.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

(a) Exhibits:

Exhibit 99.1     Press release dated April 25, 2005

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTERSTATE BANKS OF FLORIDA, INC.
By:	/s/ James J. Antal
	James J. Antal
	Senior Vice President and
	Chief Financial Officer

Date: April 25, 2005

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

April 25, 2005

CenterState Banks of Florida, Inc. Announces

First Quarter 2005 Operating Results

WINTER HAVEN, FL. – April 25, 2005 — CenterState Banks of Florida, Inc. (NASDAQ SYMBOL: CSFL) reported operating results for the quarter ending March 31, 2005. The Company reported net income of $1,262,000, or $0.30 per share, compared to $1,753,000 or $0.51 per share ($603,000, or $0.18 per share, excluding non-recurring gain on sale of branches) for the same period during 2004. Condensed consolidated income statements (unaudited) for the three month periods ending March 31, 2005 and 2004, and a reconciliation between net income and net income exclusive of gain on sale of branches, are presented below. All per share data is presented on a diluted basis.

Condensed Consolidated Income Statements (unaudited)

and reconciliation between net income and net income exclusive of gain on sale of branches

amounts in thousands of dollars (except per share data)

	Three months ended Mar 31,						Increase			%
	2005			2004			(decrease)
Net interest income	$	6,273		$	4,905		$	1,368		27.9	%
Provision for loan losses		(285	)		(435	)		150		(34.5	)%
Net interest income after loan loss provision		5,988			4,470			1,518		34.0	%
Non interest income		1,341			1,234			107		8.7	%
Gain on sale of branches		—			1,844			(1,844	)	n/a
Non interest expense		(5,321	)		(4,756	)		(565	)	11.9	%
Income before income tax		2,008			2,792			(784	)	(28.1	)%
Income tax expense		(746	)		(1,039	)		293		(28.2	)%
NET INCOME	$	1,262		$	1,753			(491	)	(28.0	)%
Gain on sale of branches, net of tax of $694		—			(1,150	)		1,150		n/a
Net income exclusive of gain on sale of branches	$	1,262		$	603		$	659		109.3	%
EPS (diluted)	$	0.30		$	0.51		$	(0.21	)	(41.2	)%
Gain on sale of branches, net of tax of $0.20 per share		—			(0.33	)		0.33		n/a
EPS (diluted) exclusive of gain on sale of branches	$	0.30		$	0.18		$	0.12		66.7	%

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During the quarter, total assets grew by 4.8%, or $36,034,000, to $789,813,000. Presented below are condensed consolidated balance sheets as of March 31, 2005 and December 31, 2004.

Condensed Consolidated Balance Sheets (unaudited)

amounts in thousands of dollars

	3/31/2005			12/31/2004			increase (decrease)			%
Cash and due from banks	$	41,912		$	27,306		$	14,606		53.5	%
Fed funds and money market		54,500			62,809			(8,309	)	(13.2	)%
Investments		198,897			191,400			7,497		3.9	%
Loans		461,667			441,005			20,662		4.7	%
Allowance for loan losses		(5,941	)		(5,685	)		(256	)	4.5	%
Other assets		38,778			36,944			1,834		5.0	%
TOTAL ASSETS	$	789,813		$	753,779		$	36,034		4.8	%
Deposits	$	680,506		$	659,630		$	20,876		3.2	%
Other borrowings		48,570			34,627			13,943		40.3	%
Other liabilities		2,452			1,738			714		41.1	%
Minority interest		120			120			—		—	%
Stockholders’ equity		58,165			57,664			501		0.9	%
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	789,813		$	753,779		$	36,034		4.8	%

CenterState Banks of Florida, Inc. is a multi bank holding company which operates through four wholly owned subsidiary banks with twenty-one full service locations and four mini-locations in seven counties throughout Central Florida. The Company’s four subsidiary banks include First National Bank of Osceola County, CenterState Bank West Florida, First National Bank of Polk County, and CenterState Bank of Florida.

The Company’s stock is listed on the NASDAQ national market under the symbol CSFL. Request for information regarding the purchase or sale of the common stock can be addressed to Advest, Inc., FIG Partners, LLC, or Ryan Beck & Co. For additional information contact James J. Antal, CFO, at 863-293-2600.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Some of the statements in this report constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These statements related to future events, other future financial performance or business strategies, and may be identified by terminology such as “may,” “will,” “should,” “expects,” “scheduled,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “potential,” or “continue” or the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should specifically consider the factors described throughout this report. We cannot be assured that future results, levels of activity, performance or goals will be achieved.

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