CenterState Bank (CSFL) 8-K Regulation FD Disclosure

CenterState

Banks of Florida, Inc.

Raymond James Institutional

Investors Conference

March 10, 2009

Exhibit 99.1

2

CSFL

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

and

Form

10K

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

3

CSFL

Franchise Overview

4

CSFL

Corporate Profile

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

Nasdaq

Symbol:  CSFL

Company formed:  June 2000

4

Subsidiary

Banks;

38

branch

banking

offices

–

9

Counties

throughout

Central

Florida

179

994

892

$ 1,333

Equity:

Deposits:

Loans:

Assets:

Dec. 31, 2008 Highlights ($ millions)

1989

1992

1989

1989

Date

Established

181

Hillsborough

5

Valrico State Bank

524

Polk, Marion

16

CenterState Bank of Florida

348

Pasco, Hernando, Citrus, Lake

11

CenterState Bank, N.A.

$278

Osceola, Orange

6

CenterState Bank Central FL

Asset Size

($ millions)

Counties of Operation

No. of

Offices

Subsidiary Banks

approx. 9.5 million shares

approx. 24%

approx. 18%

$ 96.9 million

Free Float Shares:

Insider Ownership:

Institutional Ownership:

Market Cap (3/6/09):

Market Data

5

CSFL

Branches

37 branch offices –

•

9 Counties, Central FL at Dec. 31, 2008

January 2009 –

•

Purchased approximately $180 million deposits

•

4 branches, Ocala, FL

3 branches scheduled to close

•

3/31/09 –

Ocoee Office, Orange County

Approximately $11MM deposits

•

4/15/09 –

Wildwood Office, Sumter County

Approximately $10MM deposits

•

4/15/09 –

Brooksville Office, Hernando County

Approximately $3MM deposits

6

CSFL

Branch Footprint

CSFL Branch

7

CSFL

Deposits

Market

Deposits

Institution

($000)

Share

Branches

per Branch

Bank of America Corp. (NC)

$10,014,244

20.59

%

113

$88,622

Wells Fargo & Co. (CA)

9,927,397

20.41

115

86,325

SunTrust Banks Inc. (GA)

8,678,353

17.84

149

58,244

Colonial BancGroup

Inc. (AL)

3,026,090

6.22

52

58,194

Regions Financial Corp. (AL)

2,554,984

5.25

91

28,077

CenterState

Banks of Florida (FL)

2.39

39

29,784

Fifth Third Bancorp (OH)

914,879

1.88

27

33,884

BB&T Corp. (NC)

814,594

1.67

22

37,027

South Financial Group Inc. (SC)

775,904

1.60

18

43,106

Villages Bancorp Inc. (FL)

729,902

1.50

10

72,990

6

8

1

2

3

4

5

7

9

10

Rank

1,161,572

Strong Market Share

Combined Counties of Operation

Source: SNL Financial.

Deposit data as of 6/30/08.

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

Pro forma for recent acquisition of Ocala National Bank.

Excludes Orange County in which CSFL has $27.9 million in deposits and 2 branches.

8

CSFL

Market Demographics

5 of our 9 counties rank in the top 15 fastest growing counties in Florida

Source: SNL Financial.

Population deposit weighted by county as of 6/30/08.

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

Peer

Group

includes

the

following

banks:

BOFL,

BBX,

BKUNA,

BCBF,

CCBG,

CBKS,

FDTR,

FLRB,

GFLB,

SBCF,

SAMB,

and

TIBB.

CSFL Counties

2008 –

2013

Population Growth (%)

%

Osceola

31.5

Lake

21.9

Pasco

21.3

Hernando

19.7

Marion

18.0

Polk

14.8

Citrus

13.7

Hillsborough

12.8

Orange

14.2

10.0

Peer Group

%

19.7

CenterState

Banks of Florida, Inc..

6.3

United States

8.5

Southeast

%

11.6

Florida

2003 –

2008 Projected Population Growth (%)

9

CSFL

Correspondent Banking Department

Management lift out (16 employees)

Physical operations –

Birmingham, Alabama

Three primary business lines

1.

Bond Sales

2.

Correspondent bank checking accounts; deposits (fed funds purchased)

3.

Safekeeping, bond accounting, and asset/liability consulting services

Customer base –

small to medium size financial institutions

primarily located in Florida, Alabama, and Georgia.

10

CSFL

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

11

CSFL

Financial Performance

12

CSFL

Earnings Performance

Earnings Per Share ($)

0.00

0.21

0.42

0.63

0.84

2003

2004

2005

2006

2007

2008

0.39

0.57

0.66

0.75

0.63

0.26

Net Income ($ Millions)

0.00

2.00

4.00

6.00

8.00

10.00

2003

2004

2005

2006

2007

2008

2.63

4.37

6.33

8.46

7.80

3.42

13

CSFL

Condensed Consolidated Income Statement

($ in thousands, except per share data)

(1,006)

(71)

8

Foreclosure related expenses

$1,108,180

$1,068,591

$894,286

Average Interest Earnings Assets

3.70%

4.01%

4.17%

Net Interest Margin

(1,215)

(3,897)

(4,859)

Income tax expense

$0.63

$0.74

$0.79

EPS

$7,881

$9,042

$8,909

Net

Income,

excluding

non

recurring

items

and

all

credit

cost,

net

of

tax

$0.26

$0.63

$0.75

EPS

$3,421

$7,799

$8,459

NET INCOME

(38,930)

(35,893)

(28,989)

Non interest expense

1,483

1,000

----

Non recurring items

9,324

7,104

5,913

Non interest income

33,765

39,556

36,386

Net interest income after ALLL

(6,520)

(2,792)

(717)

Provision for loan losses

$40,285

$42,348

$37,103

Net Interest Income

2008

2007

2006

Year to Date

14

CSFL

Condensed Consolidated Income Statement

3.54%

3.88%

3.75%

3.61%

3.93%

Net Interest Margin

$1,152,033

$1,079,124

$1,092,428

$1,109,136

$1,085,877

Avg. Interest Earnings Assets

237

(245)

(714)

(493)

(854)

Income tax expense

(156)

1,006

2,182

1,604

2,613

Income before income tax

$0.14

$0.17

$0.12

$0.12

$0.17

EPS

$1,874

$2,095

$1,490

$1,530

$2,166

Net Income, excluding non recurring

items and all credit cost, net of tax

($0.01)

$0.06

$0.12

$0.09

$0.14

EPS

$81

$761

$1,468

$1,111

$1,759

NET INCOME

(11,356)

(9,613)

(9,560)

(9,477)

(9,315)

Non interest expense

----

----

1,483

----

1,000

Non recurring items

3,772

2,007

1,744

1,871

1,928

Non interest income

7,428

8,612

8,515

9,210

9,000

Net interest income after ALLL

(2,637)

(1,764)

(1,515)

(604)

(1,605)

Provision for loan losses

$10,065

$10,376

$10,030

$9,814

$10,605

Net Interest Income

Q4 ’08

Q3 ‘08

Q2 ‘08

Q1 ’08

Q4 ’07

Quarter to Date

($ in thousands, except per share data)

15

CSFL

Total Portfolio

Dollar Value:  $252,080,000

Duration:  4.6 yrs

Yield (TE):  5.17%

Investment Mix

9%

77%

14%

< 1%

US Treasuries

US Agencies

Municipals

Mortgage Backed Securities

16

CSFL

Loan Portfolio & Credit Quality

17

CSFL

Loan Portfolio

84% of our portfolio is secured by real estate

Construction, A&D, and Land loans represent 10% of total

portfolio

Largest ten relationships represent about 6% of our portfolio

About 3% of our portfolio is unsecured

($ Millions)

892

414

441

517

658

841

Consumer & Other

Commercial

Construction, A&D, & Land

Commercial Real Estate

Residential Real Estate

223

434

92

81

61

0

250

500

750

1,000

2003

2004

2005

2006

2007

2008

18

CSFL

Loan Portfolio

All other land

30%

A&D, developed lots

35%

Commercial construction

25%

Single family home construction

10%

Construction, A&D, and Land

Second mortgages

3%

Lines of credit

22%

First mortgages

75%

Residential Real Estate

223

434

92

81

61

0

250

500

750

1,000

2008

892

($ Millions)

Non-owner occupied

49%

Owner occupied

51%

Commercial Real Estate

19

CSFL

Non Performing Loans

$19,913,000

2.23% of Total Loans

31%

4%

11%

54%

Residential real estate

$2,143K (16 loans)

Commercial real estate

$10,626K (25 loans)

Construction, A&D, and Land

$6,247K (19 loans)

Commercial

$808K (10 loans)

Consumer and other

$88K (7 loans)

20

CSFL

Repossessed Real Estate

$4,494,000

7%

11%

56%

11%

15%

Single family homes (19)

$2,539K

Residential lots (7)

$668K

Unimproved land (4)

$498K

Commercial  RE property (5)

$668K

Mobile homes w/ land (4)

$302K

21

CSFL

Source:  SNL Financial

Data for 12/31/08 or MRQ available.

Peer Group consists of the followings banks: BKUNA, BBX, CCBG, SBCF, GFLB, TIBB, BOFL, FLRB, BCBF, FDT, SAMB, and CBKS.

7.04%

1.86%

4.92%

0.00%

3.00%

6.00%

9.00%

December 31, 2008

Peer Group

Mean

CSFL

Peer Group

Median

Non-Performing Assets as a % of Total Assets

22

CSFL

Credit Quality

0.12

0.07

0.05

0.08

0.12

0.47

0.00

0.10

0.20

0.30

0.40

0.50

2003

2004

2005

2006

2007

2008

Net

Charge-Offs

/

Avg

Loans

1.17

1.29

1.26

1.12

1.29

1.49

1

1.25

1.5

1.75

2003

2004

2005

2006

2007

2008

Allowance for Loan Losses / Loans

Dec. 31,

23

CSFL

CRE Concentrations

Category A

1

100%

76%

0%

50%

100%

150%

200%

Regulatory

Guidelines

CSFL

300%

170%

0%

100%

200%

300%

400%

Regulatory

Guidelines

CSFL

Category B

2

Category A includes acquisition and development loans, commercial construction loans, residential construction spec

loans, and vacant land loans.

1.

Category B includes all loans included in category A plus commercial real estate loans non owner occupied and

commercial

loans

not

secured

by

real

estate

or

unsecured

to

real

estate

developers

or

REITs.

2.

24

CSFL

Deposits

25

CSFL

141

144

222

487

50

250

450

650

850

1,050

2003

2004

2005

2006

2007

2008

538

660

717

893

973

994

Deposit Composition

Approximately 14% of our deposits are non-interest bearing checking accounts

Approximately 49% of our deposits are time deposits

Top ten relationships are approximately 10.7% of total deposits

Approximately

55,000

total

accounts

–

$18,000

average

balance

per

account

CDS

Money Market & Savings Accts.

Demand –

interest bearing

Non –

interest bearing deposits

($ Millions)

26

CSFL

Deposits:  12/31/07   vs.   12/31/08

$ Dollars

$973

$994

$930

$960

$990

$1,020

($ Millions)

$21 million or 2.2%

12/31/07

12/31/08

54,013

54,975

52,000

53,000

54,000

55,000

56,000

No. of Accounts

962 accts or 1.8%

12/31/07

12/31/08

CDs

$49.2MM, or 9.2%

2,190

accounts

–

a

16.6%

decrease

Non CDs

$70.4MM, or 16.1%

3,152

accounts

–

a

7.7%

increase

vs.

27

CSFL

Checking Accounts

$285 million

33,837 accts

$ Dollars

$ 9 million = 3.1%

55%

45%

Retail

Commercial

No. of Accounts

2,420 accounts

= 7.7%

19%

81%

Retail

Commercial

28

CSFL

Liquidity

Loans / Deposits (%)

Source:  SNL Financial

Data for 12/31/08 or MRQ available.

Peer

Group

includes

the

following

banks:

BOFL,

BBX,

BKUNA,

BCBF,

CCBG,

CBKS,

FDTR,

FLRB,

GFLB,

SBCF,

SAMB,

and

TIBB.

77

98

67

108

72

109

74

111

87

113

90

107

60

80

100

120

2003

2004

2005

2006

2007

2008

CSFL

Peers

29

CSFL

Capital and TARP

30

CSFL

Tier 1 Capital to Average Assets

12.60%

5.00%

0.00%

5.00%

10.00%

15.00%

At of 12/31/08

CSFL

Well

Capitalized

Our Tier 1 capital is more than twice the amount needed to be considered

“well capitalized”

by federal banking regulatory guidelines.

$95 million excess Tier 1 Capital

Our capital position compares favorably to our peer group.

Peer Comparison

12.6%

7.2%

7.9%

5.0%

10.0%

15.0%

Peer

Group

Mean

Peer

Group

Median

CSFL

At 12/31/08

Source:  SNL Financial

Data for 12/31/08 or MRQ available.

Peer Group consists of the following banks: BOFL, BBX, BKUNA, BCBF, CCBG, CBKS, FDTR, FLRB, GFLB, SBCF, SAMB, and TIBB.

31

CSFL

Troubled Asset Relief Program

$27.8 million

Attractively priced capital

Did not need the capital

Could use it to support growth of our deposits

and loans either organically or through

acquisition

In

these

uncertain

times

–

we

felt

it

prudent

to

accumulate excess capital

32

CSFL

10.4%

12.6%

Tier 1 capital to average assets

13.3%

16.2%

Tier 1 capital to risk weighted assets

14.6%

17.4%

Total capital to risk weighted assets

w/o TARP

12/31/08

Regulatory Capital

33

CSFL

Peer Comparison

11.3%

6.4%

7.3%

0.0%

5.0%

10.0%

15.0%

Peer Group

Mean

Peer Group

Median

CSFL

Common Tangible Equity (CTE)

Source:  SNL Financial

Data for 12/31/08 or MRQ available.

Peer

Group

includes

the

following

banks:

BOFL,

BBX,

BKUNA,

BCBF,

CCBG,

CBKS,

FDTR,

FLRB,

GFLB,

SBCF,

SAMB,

and

TIBB.

At 12/31/08

34

CSFL

Investment Highlights &

Shareholder Value

35

CSFL

52 Week Stock Price Performance

Source:  SNL Financial

SNL

Bank

:

Includes

all

Major

Exchange

(NYSE,

NYSE-Alt,

NASDAQ)

Banks

in

SNL's

coverage

universe.

SNL

Southeast

Bank

:

Includes

all

Major

Exchange

(NYSE,

NYSE-Alt,

NASDAQ)

Banks

in

SNL's

coverage

universe

headquartered

in

AL,

AR,

FL,

GA,

MS,

NC,

SC,

TN,

VA,

WV.

36

CSFL

Building Shareholder Value

Dedicated Employees

Sustainable Earnings Growth

Credit Quality

Growth Markets

Vision

Focus

Nothing special –

just a candid straight-forward

culture, realistic about our business

37

CenterState

Banks of Florida, Inc.

Raymond James Institutional

Investors Conference

March 10, 2009