July 20, 2006

Central Bancshares' Second Quarter Performance

Lexington, KY. - Chairman, President & CEO Luther Deaton, Jr. reported Central Bancshares' assets were $1.657 billion at June 30, 2006. This compared to $1.520 billion on June 30, 2005, up 9%. Gross loans and leases were $1.296 billion, rising 7.2% and deposits climbed to $1.360 billion, an increase of 10.8%. Shareholders' equity was $134 million, an increase of 10.7% from June 30, 2005.

Central Bancshares' earnings for six months ended June 30, 2006, were $7,547,539, or $21.69 per share, compared to $7,506,552, or $21.58 per share in 2005.

Commenting on the bank's performance, Deaton stated, "We are encouraged by our results. I would like to compliment the support of our customers, board and staff who have made it possible for us to achieve strong performance in all our markets."

Central Bancshares, Inc. is the holding company of Central Bank & Trust Co., Central Bank, FSB, Central Bank of Jefferson County, Salt Lick Deposit Bank, Central Bank Insurance Agency Inc. and Central Investment Center, Inc. The bank operates 23 offices and 29ATMs in Boone, Clark, Fayette, Jefferson, Jessamine, Madison, Scott and Bath counties and provides full service banking, mortgage, investment, insurance and trust services.

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