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) September 13, 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 7.01. Regulation FD Disclosure

CenterState Banks of Florida, Inc. (“CSFL”) is furnishing this Current Report on Form 8-K in connection with presentations being made by management of CSFL on September 13, 2005. Attached hereto and incorporated herein as Exhibit 99.1 is the text of that presentation. This presentation contains “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements in this presentation are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: (i) an inability of the company to realize elements of its strategic plans for 2005 and beyond; (ii) increases in competitive pressure in the banking industry; (iii) general economic conditions, either nationally or regionally, that are less favorable than expected; (iv) changes in the interest rate environment which reduce margins; (v) management’s assumptions regarding allowance for loan losses may not be borne out by subsequent events; and (vi) changes which may occur in the regulatory environment. When used in this presentation, the words “believes,” “estimates,” “plans,” “expects,” “should,” “may,” “might,” “outlook,” and “anticipates,” and similar expressions as they related to CSFL (including its subsidiaries) or its management are intended to identify forward-looking statements. Forward-looking statements speak only as to the date they are made. CSFL does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Item 9.01 Financial Statements and Exhibits.

The following exhibit is furnished as Regulation FD Disclosure to this Current Report on Form 8-K:

(a) Exhibits:

Exhibit 99.1 Presentation to institutional investors on September 13, 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/ Ernest S. Pinner
	Ernest S. Pinner
	Chairman and Chief Executive Officer

Date: September 13, 2005

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EX-99.1

EXHIBIT 99.1

SunTrust Robinson Humphrey’s

Sunbelt Community Bank Conference

September 2005

1

Forward Looking Statement

This presentation contains forward-looking statements, as defined by Federal Securities Laws, relating to present or future trends or factors affecting the operations, markets and products of CenterState Banks of Florida, Inc. (CSFL). These statements are provided to assist in the understanding of future financial performance. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussion of factors that may cause such forward-looking statements to differ materially from actual results, please refer to CSFL’s most recent Form 10-Q filed with the Securities Exchange Commission.

CSFL undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this presentation.

2

Franchise Overview

Headquartered in

Winter Haven, Florida

Founded in 1999

4-bank subsidiary holding company

25 branch banking offices

June 30, 2005:

$830.0 MM in assets

$487.5 MM in loans

$686.6 MM in deposits

$90.4 MM in equity

First National Bank of Osceola County Branch

CenterState Bank West Florida, N.A. Branch

First National Bank of Polk County Branch

Centerstate Bank Mid Florida

CenterState Bank of Florida Branch

CenterState Headquarters

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Recent Developments

2nd Qtr ’05

Capital raise of $35 million of common equity

3rd Qtr ’05

Pending acquisition of CenterState Bank Mid Florida announced August 30, 2005

1st Qtr ’06

Combination of two subsidiary banks

CenterState Bank of Florida

First National Bank of Polk County

4

Business Strategy

Emphasize relationship banking

We compete by providing our customers a level of customer service unmatched by our super-regional and national competitors

Maintain local decision making

We believe our decentralized business model increases our ability to foster local relationships and grow our customer base in each of our markets

Develop a network of profitable banks in high-growth markets in Central Florida

We pursue growth through organic expansion, de novo branching and select acquisitions

Our markets are some of the fastest growing in Florida

Continue our disciplined execution

We believe our success depends on a disciplined approach to originating loans and gathering deposits

We do not sacrifice quality for growth

Leverage our investment in our branch network

We have opened 6 new full service branches and 4 kiosk branches since 2000

As these branches mature, we believe our efficiencies and wallet share will improve

Continue to take advantage of merger turmoil in Florida

Recent acquisitions include FFLC Bancorp, Inc., FloridaFirst Bancorp, Inc., Republic Bancshares, Inc. and SouthTrust Corporation

5

Investment Thesis

Local decision making and accountability

Experienced management team

Attractive market demographics

Strong balance sheet growth

Excellent credit quality

Improving efficiencies

6

Local Decision Making and Accountability

We operate 4 bank subsidiaries in Central Florida along the high growth corridors of I-75, I-4 and US 27

Each of our subsidiary banks operates autonomously

Local management and board of directors

Decisions are made in-market

We believe our strategy results in superior customer service, stronger relationships and growth

Bank Subsidiary First National Bank of Osceola County CenterState Bank West Florida, N.A. First National Bank of Polk County CenterState Bank of Florida

Loans

Q2 '04 $120,534 156,131 66,820 80,160

Q2 '05 $133,569 179,650 72,499 101,750

Growth 10.8 % 15.1 8.5 26.9

Deposits

Q2 '04 $159,260 180,244 143,123 111,115

Q2 '05 $192,160 209,948 151,064 138,648

Growth 20.7 % 16.5 5.5 24.8

Return on Average Assets

Q2 '04 0.78 % 0.75 0.70 0.25

Q2 '05 0.92 % 1.05 0.85 0.58

7

Experienced Management Team

Name Ernest S. Pinner James J. Antal J. Wayne Stewart George H. Carefoot Thomas E. White James S. Stalnaker, Jr. John C. Corbett

Title Chairman, President & CEO Senior Vice President & CFO Senior Vice President & Corporate Auditor President & CEO, FNB Polk County President & CEO, FNB Osceola County President & CEO, CenterState Bank West Florida President & CEO, CenterState Bank

Years with CSFL* 5 5 5 13 15 15 5

Years in Banking 41 22 40 38 27 30 16

Age 57 53 59 61 50 50 36

“The best fertilizer in a grove is the tracks of the owner”

* Includes years with predecessor bank.

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Attractive Market Demographics

4 of our 7 counties rank in the top 15 fastest growing counties in Florida

County Osceola Sumter Pasco Hernando Orange Citrus Polk TOTAL

Total Deposits (000s) $130,619 39,357 107,564 16,313 28,641 17,010 254,238 $593,742

Market Share Rank 5 4 8 12 24 12 5 8

2005 - 2010 Population Growth 38.79% 26.16 18.86 16.22 16.11 12.57 11.52 20.20%

Florida 12.35%

Southeast 8.04

U.S. 6.26

Source: SNL Financial.

Deposit data as of 6/30/04.

Population is deposit weighted by county.

Southeast includes AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA and WV.

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Growth Opportunities

Deposit Market Share

Rank 1 2 3 4 5 6 7 8 9 10

Institution SunTrust Banks Inc. (GA) Bank of America Corp. (NC) Wachovia Corp. (NC) AmSouth Bancorp. (AL) South Financial Group Inc. (SC) BB&T Corp. (NC) Colonial BancGroup Inc. (AL) Centerstate Banks of Florida (FL) Citrus & Chemical Bancorp. (FL) Fifth Third Bancorp (OH)

Deposits (MMs) $7,726 6,878 5,611 1,254 1,116 801 762 680 568 387

Market Share 25.73% 22.91 18.69 4.17 3.72 2.66 2.53 2.26 1.89 1.29

Branches 90 89 89 42 5 17 21 25 10 7

We have a significant opportunity to grow market share in our existing footprint

Merger turmoil in Florida is helping us attract both new customers and experienced bankers

Source: Florida Banker.

Deposit data as of 3/31/05.

Market share data for Citrus, Hernando, Orange, Osceola, Pasco, Polk and Sumter Counties, Florida.

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Strong Balance Sheet Growth

Total Loans ($ Millions)

Total Deposits ($ Millions)

600 450 300 150 0

2000 2001 2002 2003 2004 YTD

210 244 334 414 441 487

840 630 420 210 0

2000 2001 2002 2003 2004 YTD

280 308 441 538 660 687

Organic Acquisition

Organic Acquisition

Organic CAGR: 21% Peer CAGR: 12%

Organic CAGR: 17% Peer CAGR: 12%

Compounded annual growth rate from 2000 – 2004.

Peer group includes BBX, BKUNA, CCBG, CLBK, FFFL, HARB, SBCF and TIBB.

YTD as of 6/30/05.

11

Loan Portfolio

76% of our portfolio is secured by real estate

99% of commercial loans have personal guarantees

Our top ten relationships account for about 8.5% of the portfolio

Average portfolio yield*: 6.59% versus peers at 6.44%

Loan Portfolio

Balance (000s) $139,226 201,650 30,907 65,505 50,180 $487,468

% of Portfolio 28.6 % 41.4 6.3 13.4 10.3 100.0 %

Category Residential Real Estate Commercial Real Estate Construction Real Estate Commercial Consumer and Other Total

Data as of 6/30/05.

*Average portfolio yield for the three months ended 6/30/05 per SNL Financial.

Peer group includes BBX, BKUNA, CCBG, CLBK, FFFL, HARB, SBCF and TIBB.

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Deposit Composition

Deposit Composition

Balance (000s) $198,089 99,685 157,043 131,594 100,142 $686,553

% of Portfolio 28.8 % 14.5 22.9 19.2 14.6 100.0 %

Category Demand Deposits NOW Accounts Money Market and Savings Retail Time Deposits Jumbo Time Deposits Total

85% of our deposits are “core” versus 79% for peers

Average cost of funds*: 1.51% versus peers at 2.09%

Data as of 6/30/05.

*Average cost of funds for the three months ended 6/30/05 per SNL Financial.

Peer group includes BBX, BKUNA, CCBG, CLBK, FFFL, HARB, SBCF and TIBB.

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Excellent Credit Quality

Non-Performing Assets /

Loans + OREO (%)

Net Charge-Offs / Average Loans (%)

& Reserves / Loans (%)

0.60 0.45 0.30 0.15 0.00

2000 2001 2002 2003 2004 YTD

0.51 0.27 0.44 0.40 0.30 0.19

1.50 1.20 0.90 0.60 0.30 0.00

2000 2001 2002 2003 2004 YTD

1.30 1.26 1.22 1.17 1.29 1.27

0.10 0.10 0.13 0.12 0.07 0.02

Reserves / Loans NCOs / Average Loans

We believe in a disciplined, conservative credit culture

While our banking model is decentralized, our credit review is not

We compete on service, not underwriting terms

YTD as or for the six months ended 6/30/05, annualized.

Nonperforming assets include non-accrual loans, assets 90 days or more past due and still accruing interest, other real estate owned and repossessed assets other than real estate.

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Capital Ratios 2004 2003 2002 2001 2000 6/30/05

CAPITAL RATIOS:

Equity / Assets 10.90% 7.65% 6.89% 8.07% 8.12% 8.15%

Tangible Equity / Assets 8.15 8.12 7.12 6.07 7.01 10.34

Leverage 8.21 7.89 8.54 7.84 8.60 11.00

Tier 1 Capital 12.56 11.51 9.95 11.30 13.40 16.20

Total Capital 13.81 12.76 11.16 12.48 14.61 17.40

We maintain capital ratios comfortably above ‘well-capitalized’

Our goal is to maintain equity / assets between 7.50% - 8.00%

15

Financial Performance

Net Income ($ Millions) Earnings Per Share ($)

5.00 4.00 3.00 2.00 1.00 0.00

1.91 2.52 2.37 2.63 4.37 3.22 2.69

2000 2001 2002 2003 2004 YTD

1.50 1.20 0.90 0.60 0.30 0.00

0.67 0.89 0.82 0.77 1.14 0.84 0.63

2000 2001 2002 2003 2004 YTD Earnings per Share Gain on Sale of Branches

Common Shares Outstanding (000s) 2,816 2,819 3,362 3,369 4,069 5,097

Net Income Gain on Sale of Branches June 30, 2005:

Net income increased 77% from Q2 ’04

Earnings per share increased 43% from Q2 ’04

Efficiency ratio improved 734 basis points from Q2 ’04

Return on average assets: 0.72% Return on average equity: 9.25%

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Financial Performance

Net Interest Margin (%)

Loans to Deposits (%)

5.50 4.40 3.30 2.20 1.10 0.00

4.68 4.51 4.12 3.63 3.43 3.67

2000 2001 2002 2003 2004

YTD

110 100 99 80 70 60 50

75 90 79 96 76 97 77 94 67 96 71 93

2000 2001 2002 2003 2004

YTD CSFL Peers

Margin hit a low in Q4 ’04, showed a 20 bps improvement in Q1 ’05 and an additional improvement of 17 bps in the most recent quarter

At June 30, 2005, our loan to deposit ratio was 71%

Q2 - yield on loans was 6.59%, while securities was 2.75%

Every 5 basis point increase in net interest margin equates to approximately $0.04 per share improvement in EPS

Peer group includes BBX, BKUNA, CCBG, CLBK, FFFL, HARB, SBCF and TIBB.

17

Improving Efficiencies

Since 2000, we opened 6 full service branches and 4 kiosk branches

Our branch strategy has resulted in strong balance sheet growth, but has impacted profitability

As our branch network continues to mature, we expect improved efficiencies through operating leverage and growing non-interest income

We plan to open 5 full service branches in the next 18 months

De Novo Branches Non-Interest Income ($ Millions) Bank Date Opened

Deposits June 04 Deposits June 05 Growth

Full Service Branches NA% $2,760 $114 Jun-04

Osceola - Pkwy 350.81 11,126 2,468 Apr-04

CenterState - Lk Wls 63.73 27,191 16,607 Oct-02

CenterState West 87.93 30,080 16,006 Oct-02

CenterState West 23.81 13,239 10,693 Sep-01

Polk - Lk Alf 8.64 29,550 27,199 Mar-00

CenterState West

Kiosk Branches 85.50% $243 $131 Jun-03

Polk 45.35 923 635 Jun-03

Polk 100.59 4,391 2,189 Jan-03

CenterState 90.26 8,613 4,527 Jan-03

CenterState 6.00 4.80 3.60 2.40 1.20 0.00

CAGR 20% 2.38 3.06 3.66 4.69 4.93 2.65

2004 2003 2002 2001 2000 YTD Peer CAGR: 19%

YTD for the six months ended 6/30/05. Source: Company reports.

Compounded annual growth rate from 2000 – 2004.

Peer group includes BBX, BKUNA, CCBG, CLBK, FFFL, HARB, SBCF and TIBB.

Data represents monthly average balances.

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Improving Efficiencies

Efficiency Ratio (%)

Deposits per Branch ($ Millions)

80.0 75.0 70.0 65.0 60.0 74.4 72.5 75.2 76.4 75.7 69.3

2000 2001 2002 2003 2004

YTD

30.0 24.0 18.0 12.0 6.0 0.0

18.7

19.2

21.0

21.5

26.4

27.5

2000 2001 2002 2003 2004

YTD

Branches Opened:

1 1 2 4* 2 0

* Kiosk branches.

Our efficiency ratio improved 734 bps in Q2 ’05 from Q2 ’04

On average, each new full service branch breaks even at $10 - $11 million in deposits

Thus, 1 of our 2004 de novo branches has yet to break-even

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CSFL – Building Shareholder Value

Our shareholder value is built upon the quality of our employees, the quality of our assets and liabilities and the growth markets in which we operate

Our long-term vision is to be a multi-billion dollar Central Florida bank known as the preeminent community bank in our markets

We remain focused on disciplined credit underwriting and execution of our corporate strategy

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SunTrust Robinson Humphrey’s

Sunbelt Community Bank Conference

September 2005

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