Investor Presentation

CenterState Banks

of Florida, Inc.

NASDAQ: CSFL

May 2008

This presentation contains forward-looking statements, as defined by

Federal

Securities

Laws,

relating

present

future

trends

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

current

expectations

and

involve

number

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.

Forward Looking Statement

Franchise Overview

Corporate Profile

Headquartered in Davenport, Florida (Greater Orlando/Tampa Area)

Nasdaq

Symbol: CSFL

Company formed: June 2000

4 Subsidiary Banks; 37 branch banking offices –

9 Counties throughout Central Florida

Acquisitions:

CenterState Bank of FL (Dec 2002)

CenterState Bank Mid FL (Mar 2006)

Valrico State Bank (Apr 2007)

150

1,005

834

$ 1,248

Equity:

Deposits:

Loans:

Assets:

March 31, 2008 Highlights ($ millions)

1989

2000 & 1992

1989

Date

Established

196

Hillsborough

Valrico State Bank

408

Polk

CenterState Bank of FL

390

Pasco, Sumter, Hernando, Citrus, Lake

CenterState Bank, N.A.

$253

Osceola, Orange

CenterState Bank Central FL

Asset Size

($ millions)

Counties of Operation

No. of

Offices

Subsidiary Banks

Branch Footprint

CSFL Branch

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

Strong Market Share

Counties of Operation

Osceola County - (Orlando MSA)

# 4 in market share (7.7%)

3rd fastest growing county in Florida

2007 - 2012 population growth of 37.6%

5 branches

Polk County - (Lakeland MSA)

# 5 in market share (5.8%)

2007 - 2012 population growth of 14.2%

12 branches

Sumter County - (The Villages MSA)

# 5 in market share (4.2%)

2nd fastest growing county in Florida

2007 - 2012 population growth of 40.9%

2 branches

Pasco County - (Tampa MSA)

# 9 in market share (2.2%)

10th fastest growing county in Florida

2007 - 2012 population growth of 22.2%

3 branches

Source: SNL Financial.

Deposit data as of

6/30/07.

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

Excludes Orange County in which CSFL has $33.0 million in deposits and 2 branches.

Deposits

Market

Rank

Institution

($000)

Branches

Bank of America Corp. (NC)

$8,887,673

21.72

104

Wachovia Corp. (NC)

8,095,224

19.78

113

SunTrust Banks Inc. (GA)

7,568,875

18.49

133

Colonial BancGroup

Inc. (AL)

2,918,209

7.13

Regions Financial Corp. (AL)

2,330,943

5.70

CenterState

Banks of Florida (FL)

968,098

2.37

Fifth Third Bancorp (OH)

829,165

2.03

Tampa Banking Company (FL)

722,829

1.77

Villages Bancorp Inc. (FL)

720,708

1.76

BB&T Corp. (NC)

695,375

1.70

Market Demographics

CSFL Counties

2007 - 2012 Projected Population Growth (%)

CenterState Banks of Florida, Inc.

21.7

Bank of Florida Corporation

17.5

Seacoast Banking Corporation of Florida

13.9

TIB Financial Corp.

7.0

BankUnited Financial Corporation

9.2

BankAtlantic Bancorp, Inc.

8.4

Capital City Bank Group, Inc.

7.8

Florida

12.8

Southeast

8.7

United States

6.3

2007 -2012

Population Growth (%)

Sumter

40.9

Osceola

37.6

Lake

23.0

Hernando

22.9

Pasco

22.2

Orange

16.3

Citrus

15.6

Polk

14.2

Hillsborough

13.5

5 of our 9 counties rank in the top 10

fastest growing counties in Florida

Source: SNL Financial.

Population deposit weighted by county as of 6/30/07.

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

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

Indicates counties in which CSFL currently has branches

High

Growth

County

(Based

Projected

Economic

Indicator

Change

’05-’10)

Medium Growth County

Low Growth County

Operating Results

Operating Results:

Net Interest Income and Net Interest Margin

$9,000

$10,000

$11,000

$12,000

Q1 '07

Q2 '07

Q3 '07

Q4 '07

1Q '08

3.55%

3.75%

3.95%

4.16%

3.61%

3.93%

3.92%

4.13%

4.09%

Net Interest Margin

$9,814

$10,605

$10,901

$11,244

$9,598

Net Interest Income

2000

2001

2002

2003

2004

2005

2006

2007

1Q08

NIM -

Time Interval

Prime -

Time Interval

Net Interest Margin vs. Prime

3.75

5.00

6.25

7.50

8.75

10.00

3.20

3.60

4.00

4.40

4.80

Prime

CSFL NIM

Operating Results

Return on Average Assets (%)

Return on Average Equity (%)

Efficiency Ratio (%)

6.17%

6.41%

5.36%

4.73%

2.97%

81%

74%

73%

71%

72%

0.00%

2.00%

4.00%

6.00%

8.00%

Q1 '07

Q2 '07

Q3 '07

Q4 '07

1Q '08

68%

73%

78%

83%

Net Income ($)

Diluted Earnings per Share

$1,808

$0.16

Net Income

EPS (diluted)

$2,280

$0.18

$1,952

$0.15

$1,759

$0.14

$1,111

$0.09

$1,000

$1,500

$2,000

$2,500

Q1 '07

Q2 '07

Q3 '07

Q4 '07

1Q '08

$0.08

$0.11

$0.14

$0.17

$0.20

Balance Sheet Data

600,000

700,000

800,000

900,000

1,000,000

1,100,000

Q1 '07

Q2 '07

Q3 '07

Q4 '07

1Q '08

Loans, Deposits, & Repos

1,040,102

1,005,748

1,049,766

1,063,118

953,174

Deposits & Repos

Q1 ‘08

Q4 ‘07

Q3 ‘07

Q2 ‘07

Q1 ‘07

1,005,097

972,620

1,004,426

998,382

889,638

Deposits

83.0%

86.5%

83.7%

82.8%

76.9%

Loans / Deposits

$833,743

$841,405

$840,341

$826,215

$684,141

Loans

Capital

$10.71

$11.44

$11.71

$11.92

$12.05

9.56

8.70

8.96

9.28

9.43

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

Q1 '07

Q2 '07

Q3 '07

Q4 '07

1Q '08

Book Value ($)

Tangible Book Value ($)

Financial Performance

0.00

0.21

0.42

0.63

0.84

2003

2004

2005

2006

2007

1Q 08

Earnings Per Share ($)

2003 –

2007 CAGR of 12.7%

0.39

0.57

0.66

0.75

0.63

0.09

Net Income ($ Millions)

2003 –

2007 CAGR of 31.3%

2.63

4.37

6.33

8.46

7.80

1.11

0.00

2.00

4.00

6.00

8.00

10.00

2003

2004

2005

2006

2007

1Q 08

Loan Port

folio

83% of our portfolio is secured by real estate

Construction, Development, and Land loans represent

11% of total portfolio

($ Millions)

100

325

550

775

1,000

2003

2004

2005

2006

2007

1Q 08

834

414

441

517

658

841

389

210

Consumer & Other

Commercial

Construction, Development,

& Land

Commercial Real Estate

Residential Real Estate

11%

25%

47%

Loan Mix

14%

10%

34%

38%

By Loan Category

12/31/03

3/31/08

Commercial

Consumer and all other

Residential Real Estate

Commercial Real Estate

Construction, A&D, and Land

Credit Quality

NPLs

/ Loans (%)

1.37

0.48

0.59

0.27

0.18

0.09

0.18

0.14

0.20

0.29

0.20

0.32

0.00

0.50

1.00

1.50

2003

2004

2005

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

Credit Quality

ALLL / Loans (%) &

Net Charge –

Offs / Avg

Loans (%)

(0.12)

(0.07)

(0.05)

(0.08)

(0.12)

(0.02)

(0.20)

(0.15)

(0.10)

(0.05)

0.00

2003

2004

2005

2006

2007

1Q08

NCOs / Avg

Loans

ALLL / Loans

1.17

1.29

1.26

1.12

1.29

1.35

1.05

1.15

1.25

1.35

1.45

2003

2004

2005

2006

2007

1Q08

28%

63%

12/31/03

60%

20%

18%

3/31/08

US Agencies

US Treasuries

Munis-Tax Exempt

MBS

Total $ Value: $94,079,000

Duration:

1.6

yrs

(e)

Yield: 2.23%

Total $ Value: $192,773,000

Duration: 3.9 yrs

Yield: 5.07%

Investment Mix

250

450

650

850

1,050

2003

2004

2005

2006

2007

1Q08

519

165

148

173

538

660

717

893

973

1,005

Deposit Composition

Approximately 17% of our deposits are non-interest bearing

checking accounts

2003 –

2007 CAGR for non-interest bearing demand of 8%

CDS

Money Market & Savings Accts.

Demand –

interest bearing

Non –

interest bearing deposits

37%

43%

20%

12/31/05

Deposit Mix

16%

32%

52%

3/31/08

Checking

MM & Savings

Certificates of Deposits

Liquidity

Loans / Deposits (%)

Source: SNL Financial; provided by Stevens, Inc.

Peer data for the most recent quarter available.

Peer group includes BOFL, BBX, BKUNA, CCBG, SBCF, and TIBB.

Most recent quarter available for BKUNA: December 31, 2007.

100

113

108

100

120

2003

2004

2005

2006

2007

1Q08

CSFL

Peers

Improving Efficiencies

Efficiency Ratio (%)

2003

2004

2005

2006

2007

1Q08

Branches

Opened:

*Freedom branches; 2 of the freedom branches were closed in 2006.

Deposits per Branch ($ Millions)

21.5

26.4

27.6

29.8

26.3

27.2

18.0

21.5

25.0

28.5

32.0

2003

2004

2005

2006

2007

1Q08

Branches

–

Average Deposits

$5,898

Less than 3 year

$24,031

3 thru 5 years

$32,598

5 yrs and older

Avg

Deposits

by Location

@ 3/31/08

No. of Years Open

No. of Branch

Locations

Total Number of Branches:

Average Deposits per branch: $26,822

73%

19%

5 yrs and older

3 thru 5 years

Less than 3 years

Investment Highlights

S&P 500

Nasdaq

Bank

Time Horizon

CSFL

Index

YTD 5/08/08

15.0

(4.8)

(5.5)

3-Year

(25.8)

6.0

(17.2)

5-Year

30.5

55.9

17.0

Investment Highlights

Market Capitalization (5/8/08):

$173

million

Institutional Ownership:

Approximately 13 %

Insider Ownership:

Approximately 22

# of Registered Shareholders:

1,054*

Free Float Shares:

Approximately 9.7 million shares

Price Performance

*As of December 31, 2007; As reported by Transfer Agent.

3 and 5 year price performance as of March 31, 2008.

Building Shareholder Value

Dedicated Employees

Sustainable Earnings Growth

Credit Quality

Growth Markets

Vision

Focus

Nothing

special

–

just

candid

straight-forward

culture, realistic about our business

CenterState Banks of Florida,

Inc.

NASDAQ: CSFL

February 2007