Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CenterState Bank Corp | d8k.htm |
| EX-99.1 - INVESTOR PRESENTATION, FIRST QUARTER 2011 - CenterState Bank Corp | dex991.htm |
 Comments on
Federal Trust Corp.
Transaction |
 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,
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 10-K 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
2 |
 Financial Highlights and Branch Network
3
Buyer (52 branches)
Target (11 branches)
Headquarters
Sanford, FL
Year Established
1988
Deposits (approximate)
$230,000
Loans (approximate)
$170,000
Self-capitalizing transaction
27% loan discount on selected performing
loans; 0% deposit premium
1 year put back on any past due or adversely
classified loan
Assumption of approximately $5 million of
TruPs at LIBOR + 2.95%
Target Branch network to be evaluated
1
Dollars in thousands
Financial Highlights¹
Selected Deal Terms |
 4
Loans
Selected SF 1-4
Balances by Origination Year
(Percent of Outstandings, excluding HELOCs)
Selected Residential Loans by Florida County
Selected Loan Criteria:
Loan portfolio mix: 90% 1-4 Single Family; 6% HELOCs; 4%
Commercial No problem loans including no OREO, nonaccrual loans,
adversely classified for regulatory purposes, and Troubled Debt
Restructures No past due
loans
including
no
60
days
past
due
anytime
during
last
12
months
and
no
loans
past
due
more
than 2
times during last 12 months
Selected SF 1-4
Balances by Origination Year
(Percent of Outstandings, excluding HELOCs)
Selected Residential Loans by Florida County
|
 5
Deposits
Deposit
Type
No. of
Accts
12/31/10
Balance
Avg
Balance
WA
Rate
Demand
Deposits
3,289
$11MM
$3,300
0.00%
NOW
778
18MM
23,100
0.42%
Savings &
MMDA
2,307
118MM
51,100
0.98%
Time
Deposits
3,107
87MM
28,000
2.42%
Total
9,481
$234MM
$24,700
1.44%
Data as of 12/31/10
Total Deposits by Type (%)
Total Deposits Detail |