EX-99.1 2 dex991.htm INVESTOR PRESENTATION ON AUGUST 1, 2006 Investor presentation on August 1, 2006
NASDAQ: CSFL
August 2006
Exhibit 99.1

2
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.

3
Franchise Overview

4
Corporate Profile
•
Headquartered in Winter Haven, Florida
•
Nasdaq
Symbol: CSFL
•
•
4-bank subsidiary holding company
•
29 branch banking offices throughout growth markets in Central Florida
•
Strong balance sheet growth and earnings momentum
•
2    Qtr 2006 Highlights:
($ Millions)
Assets:
Loans:
622
Deposits:
855
Equity:
111
Company formed: June 2000
$1,029
nd

5
CSFL Branch
Branch Footprint

6
Experienced Management Team
* Includes years with predecessor bank.
Executive Management
Internal Audit / Compliance
Senior Commercial Loan Officers
Years with
Years in
Name
Title
CSFL*
Banking
Age
Ernest S. Pinner
Chairman, President & CEO
7
42
58
James J. Antal
Senior Vice President & CFO
7
23
54
George H. Carefoot
Senior Vice President & COO
16
39
62
Thomas E. White
President & CEO, CenterState Bank Central Florida
17
29
51
James S. Stalnaker, Jr.
President & CEO, CenterState Bank West Florida
17
31
51
John C. Corbett
President & CEO, CenterState Bank of Florida
7
17
37
Timothy A. Pierson
President & CEO, CenterState Bank Mid Florida
14
26
46
Years with
Years in
Name
Title
CSFL*
Banking
Age
J. Wayne Stewart
Senior Vice President & Chief Internal Auditor
6
42
60
Staff (4)
Auditor / Compliance / Loan Review
3 (Avg)
18 (Avg)
50 (Avg)
Avg
Avg
Years with
Years in
Avg
Title
CSFL*
Banking
Age
Senior Lenders (15)
5
26
49

7
Business Strategy
•
Maintain local decision making
•
Emphasize relationship banking
•
Develop a network of profitable banks in high-growth markets in
Central Florida
•
Disciplined approach to loan and deposit growth
•
Leverage our investment in our branch network
•
Continue to take advantage of merger turmoil in Florida

8
Strong Market Share
Counties of Operation
Osceola County - (Orlando MSA)
# 4 in market share (7.4%)
2nd fastest growing county in Florida
2005 - 2010 population growth of  38.8%
4 branches
Polk County - (Lakeland MSA)
# 5 in market share (5.6%)
2005 - 2010 population growth of  11.5%
12 branches
Sumter County - (The Villages MSA)
# 5 in market share (7.3%)
5th fastest growing county in Florida
2005 - 2010 population growth of  26.2%
2 branches
Pasco County - (Tampa MSA)
#8 in market share (2.1%)
12th fastest growing county in Florida
2005 - 2010 population growth of  18.9%
3 branches
Deposits
Market
Rank
Institution
($000s)
Share
Branches
1
SunTrust Banks Inc. (GA)
4,500,499
21.03
%
82
2
Bank of America Corp. (NC)
4,458,878
20.84
63
3
Wachovia Corp. (NC)
3,913,315
18.29
76
4
Colonial BancGroup Inc. (AL)
1,340,539
6.26
30
5
Regions Financial Corp. (AL)
1,002,754
4.69
38
6
Centerstate Banks of Florida (FL)
720,839
3.37
27
7
Citrus & Chemical Bancorp. (FL)
656,025
3.07
10
8
BB&T Corp. (NC)
594,930
2.78
14
9
Villages Bancorp Inc. (FL)
570,836
2.67
7
10
Alabama National BanCorp. (AL)
457,946
2.14
10
Source: SNL Financial.
Deposit data as of 6/30/05.
Market share data for Citrus, Hernando, Lake, Osceola, Pasco, Polk and Sumter Counties, Florida.
Excludes Orange County in which CSFL has $30 million in deposits and 2 branches.

9
Market Demographics
•
5 of our 8 counties rank in the top 15
fastest growing counties in Florida
2005 - 2010
Population Growth (%)
Osceola
38.79
%
Sumter
26.16
Lake
22.41
Pasco
18.86
Hernando
16.22
Orange
16.11
Citrus
12.57
Polk
11.52
CSFL Counties
Source: SNL Financial.
Population deposit weighted by county as of 6/30/05.
Southeast includes AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA and WV.
2005 - 2010 Projected Population Growth (%)
CenterState Banks of Florida, Inc.
20.64
%
Bancshares of Florida, Inc.
16.18
Seacoast Banking Corporation of Florida
14.49
BankAtlantic Bancorp, Inc.
10.10
BankUnited Financial Corporation
9.76
Commercial Bankshares, Inc.
8.02
TIB Financial Corp.
7.99
Capital City Bank Group, Inc.
6.81
Florida
12.35
%
Southeast
8.16
United States
6.26

10
Market Demographics
Escambia
Santa Rosa
Okaloosa
Walton
Holmes
Washington
Bay
Calhoun
Gulf
Liberty
Jackson
Gadsden
Franklin
Wakulla
Leon
Jefferson
Taylor
Madison
Dixie
Lafayette
Suwannee
Hamilton
Columbia
Gilchrist
Levy
Citrus
Marion
Alachua
Union
Baker
Bradford
Clay
Duval
Nassau
St. Johns
Putnam
Flagler
Volusia
Lake
Seminole
Orange
Sumter
Hernando
Pasco
Pinellas
Hillsborough
Manatee
Sarasota
Charlotte
Lee
Collier
Monroe
Dade
Broward
Palm Beach
Hendry
Glades
Martin
St. Lucie
Okeechobee
Highlands
De Soto
Hardee
Polk
Osceola
Indian River
Brevard
Miles
0
30
60
Indicates counties in which CSFL currently has branches
High
Growth
County
(Based
on
Projected
Economic
Indicator
Change
’05-’10)
Medium Growth County
Low Growth County

11
Operating Results

12
Solid Operating Results
Quarterly Financial Performance & Condition
($ in thousands, except per share data)
Q2 '05
Q3 '05
Q4 '05
Q1 '06
Q2 '06
Operating Results:
Net Interest Income
$6,817
$7,499
$7,955
$8,264
$9,581
Net Interest Margin
3.75
%
3.88
%
4.10
%
4.13
%
4.27
%
ROAA
0.72
0.86
0.87
0.83
0.89
ROAE
9.25
7.57
7.57
7.36
7.97
Efficiency
69
65
66
68
66
Diluted Earnings per Share
0.165
0.170
0.170
0.170
0.190
Balance Sheet Data:
Assets
$830,042
$848,161
$871,521
$1,004,713
$1,028,630
Loans
487,468
504,783
516,658
599,884
621,638
Deposits
686,553
696,121
717,337
829,667
855,031
Equity
90,443
96,439
97,241
109,927
111,072
Loans / Deposits
71.0
%
72.5
%
72.0
%
72.3
%
72.7
%
Equity / Assets
10.9
11.4
11.2
10.9
10.8
Book Value per Share
$8.87
$9.19
$9.26
$9.91
$10.00

13
Loan Portfolio
•
80% of our portfolio is secured by real estate
•
96% of loans have personal guarantees
•
Our top ten relationships account for about 5.4% of loans
•
49% variable rate versus 51% fixed rate
($ Millions)
0
100
200
300
400
500
600
700
2001
2002
2003
2004
2005
Q2 '06
173
244
334
414
441
517
623
57
65
60
268
Consumer & Other
Commercial
Construction Real Estate
Commercial Real Estate
Residential Real Estate

14
Credit Quality
Net Charge –
Offs / Avg
Loans (%) &
Reserves / Loans (%)
NPAs
/ Assets (%)
0.19
0.30
0.27
0.17
0.18
0.09
0.00
0.15
0.30
0.45
0.60
2001
2002
2003
2004
2005
YTD
Nonperforming assets include assets 90 days or more past due.
YTD as of or for the six months ended 6/30/06.
0.10
0.13
0.12
0.07
0.05
0.05
1.22
1.17
1.18
1.26
1.26
1.29
0.00
0.35
0.70
1.05
1.40
2001
2002
2003
2004
2005
YTD
NCOs / Avg
Loans
Reserves / Loans

15
CDs
Money market & savings accounts
Demand -
interest bearing
Non-interest bearing deposits
Deposit Composition
•
Approximately 24% of our deposits are interest free
•
2001 –
2005 CAGR for non-interest bearing demand of 41%
($ Millions)
0
100
200
300
400
500
600
700
800
900
2001
2002
2003
2004
2005
Q2 '06
160
107
208
380
308
441
538
660
717
855

16
Low Cost Funding
Fed Funds Rate (%)
Cost of Funds (%)
2.16
1.23
1.17
1.26
1.26
1.28
1.39
1.56
1.67
1.84
2.35
1.25
1.19
1.30
1.32
1.37
1.51
1.70
1.85
2.03
0.00
0.70
1.40
2.10
2.80
Q1 '04
Q2 '04
Q3 '04
Q4 '04
Q1 '05
Q2 '05
Q3 '05
Q4 '05
Q1 '06
Q2 '06
Cost of Deposits
Cost of Funds
5.25
4.75
4.25
3.75
3.25
2.75
2.25
1.75
1.25
1.00
0.00
1.35
2.70
4.05
5.40
Q1 '04
Q2 '04
Q3 '04
Q4 '04
Q1 '05
Q2 '05
Q3 '05
Q4 '05
Q1 '06
Q2 '06

17
Liquidity
Loans / Deposits (%)
Peer group includes BOFL, BBX, BKUNA, CCBG, CLBK, SBCF and TIBB.
Peer data for the most recent quarter available.
79
91
76
88
77
98
67
95
72
98
73
99
50
60
70
80
90
100
110
2001
2002
2003
2004
2005
Q2 '06
CSFL
Peers

18
Margin Expansion & Net Interest Income Growth
Net Interest Income ($ Millions)
Net Interest Margin (%)
•
Since Q2 ’05, net interest margin has expanded 52 bps
•
Net interest income has increased 40.5% from Q2 ’05
3.75
3.88
4.10
4.13
4.27
3.55
3.75
3.95
4.15
4.35
Q2 '05
Q3 '05
Q4 '05
Q1 '06
Q2 '06
6.82
7.50
7.96
8.26
9.58
6.00
7.00
8.00
9.00
10.00
Q2 '05
Q3 '05
Q4 '05
Q1 '06
Q2 '06

19
Improving Efficiencies
Efficiency Ratio (%)
•
On average, each new full service branch breaks even at $10 -
$11
million in deposits
Deposits per Branch ($ Millions)
YTD as of or for the six months ended 6/30/06.
*
Kiosk branches.
72
75
76
76
67
67
60
65
70
75
80
2001
2002
2003
2004
2005
YTD
Branches
Opened:
2
3
4*
2
1
0
19.2
21.0
21.5
26.4
27.6
29.5
0.0
8.0
16.0
24.0
32.0
2001
2002
2003
2004
2005
Q2 '06

20
Financial Performance
Net Income ($ Millions)
Earnings Per Share ($)
Q2 ’06:
•
Net income increased 54% from Q2 ’05
•
Earnings per share increased 15% from Q2 ’05
•
Return on average assets:  0.89%
•
Return on average equity: 7.97%
0.00
1.75
3.50
5.25
7.00
2001
2002
2003
2004
2005
YTD '05
YTD '06
4.02
4.37
2.63
2.37
2.52
6.33
2.69
0.00
0.20
0.40
0.60
0.80
2001
2002
2003
2004
2005
YTD '05
YTD '06
0.360
0.57
0.39
0.41
0.45
0.66
0.315
Annual Earnings
Six Month Earnings

21
Investment Highlights

22
Investment Highlights
Market Capitalization (6/30/06):
$228 million
Institutional Ownership:
21 %
Insider Ownership:
24 
# of Registered Shareholders:
845
Free Float Shares:
Approximately 8 million shares
Price Performance
As of June 30, 2006.
S&P 500
Nasdaq Bank
Time Horizon
CSFL
Index
Index
Year-to-Date
18.8
%
1.8
%
3.8
%
1-Year
24.8
6.6
5.0
3-Year
110.3
30.3
30.0
5-Year
203.7
3.7
51.7

23
Building Shareholder Value
•
Our shareholder value is built upon the                 of our
employees, the                   of our assets and liabilities and
the                                   in which we operate
•
Our long-term vision is to be a                                     
Central Florida bank known as the preeminent community
bank in our markets
•
We remain focused on                        credit underwriting
and execution of our corporate strategy
quality
growth markets
multi-billion dollar 
disciplined 
quality

24
NASDAQ: CSFL
August 2006