Baylake (BYLK) 10-Q 1 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015
Entity Registrant Name	BAYLAKE CORP
Entity Central Index Key	275119
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,353,977

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and due from financial institutions	$47,159	$60,189
Federal funds sold	1,640	1,176
Securities held to maturity, at amortized cost	25,581	25,612
Securities available for sale, at fair value	169,280	182,912
Loans held for sale	1,486	1,290
Loans, net of allowance of $7,003 at March 31, 2015 and $7,051 at December 31, 2014	665,270	672,306
Cash surrender value of life insurance	23,678	23,587
Premises and equipment, net	20,114	20,206
Premises and equipment held for sale	844	844
Federal Home Loan Bank stock	4,238	4,238
Other real estate owned, net	4,195	4,266
Goodwill	7,222	7,222
Deferred income taxes, net	4,082	4,707
Accrued interest receivable	2,957	2,559
Other assets	10,125	10,509
Total Assets	987,871	1,021,623
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing	145,308	153,113
Interest-bearing	616,144	612,429
Total Deposits	761,452	765,542
Federal Home Loan Bank advances	43,640	60,455
Repurchase agreements	51,157	64,869
Subordinated debentures	16,100	16,100
Convertible promissory notes	1,075	1,650
Accrued expenses and other liabilities	7,093	7,503
Total Liabilities	880,517	916,119
Commitments and Contingencies - Note 15
Common stock, $5 par value, authorized 50,000,000 shares; Issued-9,915,114 at March 31, 2015 and 9,777,834 shares at December 31, 2014; Outstanding-9,126,101 at March 31,2015 and 9,054,821 shares at December 31, 2014	49,576	48,889
Additional paid-in capital	12,687	12,654
Retained earnings	52,599	51,123
Treasury stock 789,013 shares at March 31, 2015 and 723,013 shares at December 31, 2014	-10,322	-9,497
Accumulated other comprehensive income	2,814	2,335
Total Stockholders' Equity	107,354	105,504
Total Liabilities and Stockholders' Equity	$987,871	$1,021,623

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets [Abstract]
Loans, allowance	$7,003	$7,051
Common stock, par value	$5	$5
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	9,915,114	9,777,834
Common stock, shares outstanding	9,126,101	9,054,821
Treasury stock, shares	789,013	723,013

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
INTEREST AND DIVIDEND INCOME
Loans, including fees	$7,147	$6,879
Taxable securities	1,114	1,250
Tax exempt securities	365	373
Federal funds sold	17	10
Total Interest and Dividend Income	8,643	8,512
INTEREST EXPENSE
Deposits	348	420
Repurchase agreements	25	26
Federal Home Loan Bank advances and other debt	216	173
Subordinated debentures	65	64
Convertible promissory notes	27	239
Total Interest Expense	681	922
Net interest income before provision for loan losses	7,962	7,590
Provision for loan losses	200
Net interest income after provision for loan losses	7,762	7,590
NONINTEREST INCOME
Fees from fiduciary activities	283	252
Fees from loan servicing	153	162
Fees from financial services to customers	272	266
Fees for other services to customers	880	797
Net gain on sale of loans	204	127
Net change in valuation of mortgage servicing rights	-16	-77
Net realized gain on sale of securities	174	69
Increase in cash surrender value of life insurance	91	78
Income in equity of UFS subsidiary	318	294
Other noninterest income	32	48
Total Noninterest Income	2,391	2,016
NONINTEREST EXPENSE
Salaries and employee benefits	4,345	4,067
Occupancy expense	567	560
Equipment expense	349	313
Data processing and courier expense	231	208
FDIC insurance expense	146	149
Operation of other real estate	87	166
Loan and collection expense	13	19
Other outside services	324	335
Audit and legal expense	185	177
Other noninterest expenses	831	774
Total Noninterest Expense	7,078	6,768
Income before provision for income taxes	3,075	2,838
Provision for income taxes	868	773
Net Income	$2,207	$2,065
Basic earnings per share	$0.24	$0.27
Diluted earnings per share	$0.24	$0.23
Cash dividends paid per share	$0.08	$0.07

Consolidated_Statement_Of_Comp

Consolidated Statement Of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statement Of Comprehensive Income [Abstract]
Net Income	$2,207	$2,065
Other comprehensive income, net of tax
Net unrealized holding gains arising during the period	962	986
Less: reclassification adjustment for gains included in net income	-174	-69
Tax effect	-309	-360
Other comprehensive income	479	557
Comprehensive income	$2,686	$2,622

Consolidated_Statements_Of_Cha

Consolidated Statements Of Changes In Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income [Member]	Total
In Thousands, except Share data
Balance at Dec. 31, 2014	$48,889	$12,654	$51,123	($9,497)	$2,335	$105,504
Balance, Shares at Dec. 31, 2014	9,054,821
Net income			2,207			2,207
Net changes in unrealized gains on securities available for sale					962	962
Reclassification adjustment for net gains realized in income					-174	-174
Tax effect					-309	-309
Comprehensive income						2,686
Purchase of treasury stock, Amount				-825		-825
Purchase of treasury stock, Shares	-66,000
Stock based compensation expense recognized, net		96				96
Vesting of RSUs, Amount	112	-112
Vesting of RSUs, Shares	22,280
Tax benefit from vesting of RSUs		49				49
Conversion of debentures, Amount	575					575
Conversion of debentures, Shares	115,000
Cash dividends - ($0.08 per share)			-731			-731
Balance at Mar. 31, 2015	$49,576	$12,687	$52,599	($10,322)	$2,814	$107,354
Balance, Shares at Mar. 31, 2015	9,126,101

Consolidated_Statement_Of_Chan

Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consolidated Statement Of Changes In Stockholders' Equity And Comprehensive Income [Abstract]
Cash dividends, per share	$0.08	$0.07

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reconciliation of net income to net cash provided by operating activities:
Net Income	$2,207	$2,065
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	323	324
Amortization of debt issuance costs		8
Amortization of core deposit intangible	5	4
Provision for loan losses	200
Net amortization of premium/discount on securities	311	426
Increase in cash surrender value of life insurance	-91	-78
Net realized gain on sale of securities	-174	-69
Net gain on sale of loans	-204	-127
Proceeds from sale of loans held for sale	10,657	7,732
Origination of loans held for sale	-10,669	-6,261
Change in valuation of mortgage servicing rights, net of payments and payoffs	16	77
Provision for valuation allowance on other real estate owned	31	133
Net gain on disposals of other real estate owned	-1	-24
Provision for deferred income tax expense	315	561
Stock-based compensation expense	96	74
Forfeiture of options not exercised and RSUs not vested		-6
Tax expense from exercise/forfeiture of options		5
Income in equity of UFS subsidiary	-318	-294
Changes in assets and liabilities:
Accrued income taxes	303	500
Accrued interest receivable and other assets	-233	-427
Income tax refunds	100	-173
Accrued expenses and other liabilities	-410	46
Net cash provided by operating activities	2,464	4,496
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of securities available for sale	10,310	1,800
Principal payments on securities available for sale	6,800	7,520
Purchase of securities held to maturity		-10,456
Purchase of securities available for sale	-2,796	-200
Settlement of held to maturity investment purchase		10,456
Proceeds from sale of other real estate owned	41	710
Loan originations and payments, net	6,836	-15,419
Additions to premises and equipment	-231	-322
Net change in federal funds sold	-464	-1,249
Dividend from UFS Subsidiary	134	142
Net cash provided in purchase or sale of branches		12,086
Net cash provided by (used in) investing activities	20,630	5,068
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	-4,090	-36,582
Net change in repurchase agreements	-13,712	-25,732
Repayments on Federal Home Loan Bank advances	-16,815	-18,000
Proceeds from Federal Home Loan Bank advances		35,300
Tax benefit from vesting of restricted stock units	49	59
Proceeds from exercise of stock options		7
Purchase of treasury stock	-825	-1,704
Cash dividends paid	-731	-544
Net cash used in financing activities	-36,124	-47,196
Net change in cash	-13,030	-37,632
Beginning cash	60,189	76,179
Ending cash	47,159	38,547
Supplemental cash flow information:
Interest paid	948	868
Income taxes paid (refunded), net	100	-173
Supplemental noncash disclosure:
Mortgage servicing rights resulting from sale of loans	20	16
Conversion of debentures to equity	$575	$200

Basis_Of_Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	1.  The consolidated financial statements of Baylake Corp. (the “Company”) include the accounts of the Company, its wholly owned subsidiaries Baylake Bank (the “Bank”) and Admiral Asset Management, LLC (“Admiral”), and the Bank’s wholly owned subsidiary, Bay Lake Investments, Inc. All significant intercompany items have been eliminated. The accompanying interim consolidated financial statements should be read in conjunction with the 2014 Annual Report on Form 10-K of the Company. The accompanying consolidated financial statements are unaudited. These interim consolidated financial statements are prepared in accordance with the requirements of Form 10-Q, and accordingly do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. In the opinion of management, the unaudited consolidated financial information included in this report reflects all adjustments, consisting of normal recurring accruals of operations for the three month periods ending March 31, 2015 and 2014 necessary to make the consolidated financial information not misleading. The consolidated results of operations for the three months ended March 31, 2015 are not necessarily indicative of results to be expected for the entire year. Management of the Company has evaluated all subsequent events to May 1, 2015, the date the interim consolidated financial statements were issued, and determined that all subsequent events have been recognized and disclosed in the accompanying financial statements through the date of this report.

Use_Of_Estimates

Use Of Estimates	3 Months Ended
	Mar. 31, 2015
Use Of Estimates [Abstract]
Use Of Estimates	2.Use of Estimates
	To prepare consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ. The allowance for loan losses, value of other real estate owned, other than temporary impairment of securities, mortgage servicing rights, income tax assets and liabilities, and fair values of financial instruments are particularly subject to change.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	3.Earnings Per Share
	Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per share, which reflects the potential dilution that could occur if outstanding stock options were exercised, stock awards were fully vested, and promissory notes were converted, resulting in the issuance of common stock that then shared in the Company’s earnings, is computed by dividing net income as adjusted for the income impact of assumed conversions by the weighted average number of common shares outstanding and common stock equivalents. The following table shows the computation of the basic and diluted earnings per share:
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	EARNINGS PER SHARE
	(Dollar amounts in thousands, except per share data)
			Three months ended
			March 31,
			2015		2014
	(Numerator):
	Net income available to common stockholders	$	2,207	$	2,065
	Plus:  Income impact of assumed conversions
	Interest on 10% convertible debentures, net of income tax		16		145
	Income available to common stockholders plus assumed conversions	$	2,223	$	2,210
	(Denominator):
	Weighted average number of common shares
	outstanding-basic		9,141,244		7,775,895
	Plus:  Incremental shares of assumed conversions:
	Dilutive effect of stock options (1)		49,293		43,582
	Dilutive effect of restricted stock units (2)		38,822		47,819
	Dilutive effect of convertible promissory notes (3) (4)		215,000		1,840,000
	Dilutive potential common shares		303,115		1,931,401
	Adjusted weighted-average shares		9,444,359		9,707,296
	Basic Earnings Per Share	$	0.24	$	0.27
	Diluted Earnings Per Share	$	0.24	$	0.23
	(1)For the quarters ended March 31, 2015 and 2014, respectively, there were 115,339 and 64,130 outstanding stock options that were not included in the computation of diluted earnings per share because they were considered anti-dilutive.
	(2) For the quarters ended March 31, 2015 and 2014, respectively, there were 25,342 and 15,040 outstanding restricted stock units that were not included in the computation of diluted earnings per share because they were considered anti-dilutive.
	(3)At March 31, 2015 and 2014, the Company had $1.1 million and $9.2 million, respectively, of outstanding Convertible Promissory Notes (the “Convertible Notes”). The Convertible Notes are convertible into shares of common stock of the Company at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion subject to certain adjustments as described in the Convertible Notes (the “Conversion Ratio”). Prior to the quarterly interest date preceding the fifth anniversary of issuance of the Convertible Notes each holder of the Convertible Notes may convert up to 100% (at the discretion of the holder) of the original principal amount into shares of common stock at the Conversion Ratio. On October 1, 2014,  one-half of the original principal amounts of the Convertible Notes were mandatorily convertible at the Conversion Ratio if voluntary conversion had not yet occurred.  The principal amount of any Convertible Note that had not been converted will be payable at maturity on June 30, 2017. At March 31, 2015 and 2014, respectively, 215,000 and 1,840,000 of common shares issuable upon conversion of remaining outstanding Convertible Notes are included in the computation of diluted earnings per share since the average market price per share for the three months ended March 31, 2015 and 2014 exceeded the conversion price of $5.00 per share.
	(4)On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	4.Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2015-05 Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40). The amendments in this update provide guidance to customers about whether a  cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer’s accounting for service contracts. In addition, the guidance in this Update supersedes paragraph 350-40-25-16. Consequently, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In April 2015, the FASB issued ASU No. 2015-04 Compensation - Retirement Benefits (Topic 715). The amendments in this update provide a practical expedient that permits the entity to measure defined benefit plan assets and obligations using the month-end that is closest to the entity’s fiscal year-end and apply that practical expedient consistently from year to year. The amendments in this update also provide a practical expedient that permits the entity to remeasure defined benefit plan assets and obligations using the month-end that is closest to the date of the significant event. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In April 2015, the FASB issued ASU No. 2015-03 Interest - Imputation of Interest (Subtopic 835-30). The amendments in this update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. This guidance is effective for fiscal years beginning after December 15, 2015, and interim periods with fiscal years beginning after December 15, 2016. A reporting entity may apply the amendments prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In February 2015, the FASB issued ASU No. 2015-02 Consolidation (Topic 810): Amendments to the Consolidation Analysis. The amendments in this update rescind the indefinite deferral of FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R), included in FASB Accounting Standards Update No. 2010-10, Consolidation (Topic 810): Amendments for Certain Investment Funds. However, the amendments in this Update provide a scope exception from Topic 810 for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In January 2015, the FASB issued ASU No. 2015-01 Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. The amendment eliminates from U.S. GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement – Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. If an event or transaction meets the criteria for extraordinary classification, an entity is required to segregate the extraordinary item from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. The entity also is required to disclose applicable income taxes and either present or disclose earnings-per-share data applicable to the extraordinary item. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). In connection with preparing financial statements for each annual and interim reporting periods, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued (or at the date that the financial statements are available to be issued when applicable). The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. The adoption of this guidance is not expected to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In August 2014, the FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructuring by Creditors (Subtopic 310-40). The amendments in this update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) the loan has a government guarantee that is not separable from the loan before foreclosure. (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and. (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance did not have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In June 2014, the FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financing, and Disclosures. The amendments in this guidance requires repurchase-to-maturity transactions to be accounted for as secured borrowings. The guidance for certain transactions accounted for as a sale, repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is effective prospectively, for annual and interim periods, beginning after December 15, 2014. The adoption of the guidance did not have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Under the amended guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective prospectively, for annual and interim periods, beginning after December 15, 2016. Management is currently evaluating this guidance and does not expect this guidance to have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.
	In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The amendments in ASU 2014-04 clarify when an in-substance repossession or foreclosure occurs — that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or upon the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. This ASU is effective for the Company beginning January 1, 2015. The provisions of this guidance did not have a significant impact on the consolidated financial condition, results of operations or liquidity of the Company.

Fair_Value

Fair Value	3 Months Ended
	Mar. 31, 2015
Fair Value [Abstract]
Fair Value	5.Fair Value
	Accounting guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value:
	Level 1:	Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
	Level 2:	Significant other observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	Level 3:	Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
	A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input within the valuation hierarchy that is significant to the fair value measurement.
	The methods and assumptions used to estimate fair value are described below.
	Securities available for sale - the fair value of securities available for sale is determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).  For other securities not able to be priced on matrix pricing, outside third parties are relied upon (Level 3 inputs).  One of the Company’s securities available for sale at March 31, 2015 and December 31, 2014 was measured using Level 3 inputs.
	Non-impaired loans and deposits - the fair value of fixed rate non-impaired loans and deposits and non-impaired variable rate loans and deposits with infrequent repricing or repricing limits, is based on discounted cash flows using current market rates applied to the estimated life and credit risk (Level 3 inputs). Fair value of loans held for sale is based on market quotes (Level 3 inputs).
	Impaired Loans - the fair value of impaired loans is based on a review of comparable collateral in similar marketplaces (Level 3 inputs) or an analysis of expected cash flows of the loan in relationship to the contractual terms of the loan (Level 3 inputs).  Impaired loans are carried at the lower of amortized cost or fair value less estimated costs to sell.  Impaired loans are not carried at fair value if there is sufficient collateral or if expected repayments exceed the recorded investments of such loans.
	Mortgage servicing rights - the fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. These assumptions include servicing costs, expected loan lives, discount rates, and the determination of whether the loan is likely to be refinanced.  The Company compares the valuation model inputs and results to published industry data for reasonableness (Level 2 inputs).
	Other real estate owned - the fair value of other real estate owned is determined using a variety of market information including, but not limited to, appraisals, professional market assessments, and real estate tax assessment information.  Properties obtained by the Bank in foreclosure are adjusted to fair value less estimated costs to sell upon their transfer to other real estate owned, establishing a new cost basis. Subsequently, other real estate owned is carried at the lower of cost or fair value less estimated costs to sell (Level 3 inputs).
	Convertible promissory notes - fair value of convertible promissory notes is based on current rates for similar financing arrangements (Level 3 inputs).
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS
	(Dollar amounts in thousands)
	Assets measured at fair value on a recurring basis are summarized below:
			March 31,		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			2015		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Securities available for sale:
	U.S. government-sponsored agency securities	$	2,393	$	–	$	2,393	$	–
	Mortgage-backed securities		102,530		–		102,315		215
	Obligations of states and political subdivisions		58,826		–		58,826		–
	Private placement and corporate bonds		3,627		–		3,627		–
	Other securities		1,904		–		1,904		–
	Total securities available for sale		169,280		–		169,065		215
	Mortgage servicing rights		845		–		845		–
	Total	$	170,125	$	–	$	169,910	$	215
			31-Dec-14		Quoted Prices in Active Markets For Identical Assets				Significant Unobservable
					(Level 1)		Significant Other Observable Inputs		Inputs
							(Level 2)		(Level 3)
	Assets:
	Securities available for sale:
	U.S. government-sponsored agency securities	$	2,747	$	–	$	2,747	$	–
	Mortgage-backed securities		115,714		–		115,460		254
	Obligations of states and political subdivisions		59,002		–		59,002		–
	Private placement and corporate bonds		3,544		–		3,544		–
	Other securities		1,905		–		1,905		–
	Total securities available for sale		182,912		–		182,658		254
	Mortgage servicing rights		841		–		841		–
	Total	$	183,753	$	–	$	183,499	$	254
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	The following table presents additional information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
			For the three months ended March 31, 2015		For the three months ended March 31, 2014
	Balance, beginning of period	$	254	$	482
	Transfer into Level 3		–		–
	Other comprehensive gain		3		33
	Transfer out of Level 3		–		–
	Principal payments		-42		-109
	Balance, end of period	$	215	$	406
	ASSETS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS
	(Dollar amounts in thousands)
	Assets measured at fair value on a non-recurring basis are summarized below:
			March 31,		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable
			2015		(Level 1)		(Level 2)		Inputs
									(Level 3)
	Assets:
	Impaired loans with allocated allowances	$	1,890	$	–	$	–	$	1,890
	Other real estate owned, net		4,195		–		–		4,195
Total	$	6,085	$	–	$	–	$	6,085
		31-Dec-14		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable
				(Level 1)		(Level 2)		Inputs
								(Level 3)
Assets:
Impaired loans with allocated allowances	$	1,451	$	–	$	–	$	1,451
Other real estate owned, net		4,266		–		–		4,266
Total	$	5,717	$	–	$	–	$	5,717
BAYLAKE CORP.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
31-Mar-15
Required Financial Disclosures about Fair Value of Financial Instruments
The accounting guidance for financial instruments requires disclosures of estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values.  Certain financial instruments and all nonfinancial instruments are excluded from the scope of this guidance.  Accordingly, the fair value disclosures required by this guidance are only indicative of the value of individual financial instruments as of the dates indicated and should not be considered an indication of the Company’s fair value.
The following table presents the carrying amount and estimated fair value of certain financial instruments:
		(Dollar amounts in thousands)
		March  31, 2015				31-Dec-14
		Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
FINANCIAL ASSETS
Cash and due from financial institutions	$	47,159	$	47,159	$	60,189	$	60,189
Federal funds sold		1,640		1,640		1,176		1,176
Securities held to maturity		25,581		26,381		25,612		26,181
Securities available for sale		169,280		169,280		182,912		182,912
Loans held for sale		1,486		1,513		1,290		1,314
Loans, net		665,270		658,347		672,306		675,481
Federal Home Loan Bank stock		4,238		4,238		4,238		4,238
Mortgage servicing rights		845		845		841		841
Other real estate owned, net		4,195		4,195		4,266		4,266
Accrued interest receivable		2,957		2,957		2,559		2,559
FINANCIAL LIABILITIES
Deposits	$	761,452	$	761,425	$	765,542	$	765,370
Federal Home Loan Bank advances		43,640		43,423		60,455		60,475
Repurchase agreements		51,157		45,275		64,869		64,869
Subordinated debentures		16,100		16,100		16,100		16,100
Convertible promissory notes		1,075		1,070		1,650		1,642
Accrued interest payable		316		316		283		283
The methods and assumptions that were used to estimate the fair value of financial assets and financial liabilities that are measured at fair value on a recurring and non-recurring basis have been previously disclosed.  The following methods and assumptions were used to estimate the fair value of other financial instruments for which it is practicable to estimate that value:
(a)Cash and Due from Financial Institutions
The carrying amount of cash and due from financial institutions approximates fair value.
(b)Federal Funds Sold
The carrying amount of federal funds sold approximates fair value.
(c)Securities Held to Maturity and Available for Sale
The fair value of securities held to maturity and securities available for sale is based on quoted prices in active markets, or if quoted prices are not available for a specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.
BAYLAKE CORP.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
31-Mar-15
(d)Loans Held for Sale
Loans held for sale, which generally consists of the current production of first-lien residential mortgage loans, are carried at the lower of cost or estimated fair value. Fair value is estimated based on actual market quotes from investors in the secondary market.
(e)Federal Home Loan Bank Stock
It is not practical to determine the fair value of Federal Home Loan Bank (“FHLB”) stock due to restrictions placed on its transferability. No secondary market exists for FHLB stock. The stock is bought and sold at par by the FHLB. Management believes that the recorded value is representative of fair value.
(f)Accrued Interest Receivable
The carrying amount of accrued interest receivable approximates fair value.
(g)Deposits
The carrying amount of demand deposits (interest-bearing and noninterest-bearing), savings deposits, and money market deposits approximates fair value. The carrying amount of variable rate time deposits, including certificates of deposit, approximates fair value. For fixed rate time deposits, fair value is based on discounted cash flows using current market interest rates.
(h)Repurchase Agreements
The carrying amount of repurchase agreements approximates fair value.
(i)Federal Home Loan Bank Advances
The carrying amount of variable rate FHLB advances approximates fair value. For fixed rate advances, fair value is based on discounted cash flows using current market interest rates.
(j)Subordinated Debentures
The carrying amount of variable rate subordinated debentures approximates fair value.
(k)Accrued Interest Payable
The carrying amount of accrued interest payable approximates fair value.

Investments

Investments	3 Months Ended
	Mar. 31, 2015
Investments [Abstract]
Investments	6.Investments
	INVESTMENT SECURITY ANALYSIS
	(Dollar amounts in thousands)
	The fair value of securities available for sale (“AFS”), the fair value of securities held to maturity (“HTM”) and the related unrealized gains and losses as of March 31, 2015 and December 31, 2014 are as follows:
			31-Mar-15
			Fair Value			Gross Unrealized Gains					Gross Unrealized Losses
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	2,393	$		14		$			–
	Obligations of states and political subdivisions		58,826			2,060					-50
	Mortgage-backed securities		102,530			2,849					-350
	Private placement and corporate bonds		3,627			107					–
	Other securities		1,904			–					–
	Total Securities Available for Sale	$	169,280	$		5,030		$			-400
	Securities Held to Maturity:
	Mortgage-backed securities	$	21,319	$		737		$			–
	Private placement and corporate bonds		5,062			63					–
	Total Securities Held to Maturity	$	26,381	$		800		$			–
	Total Investment Securities	$	195,661	$		5,830		$			-400
			31-Dec-14
			Fair Value				Gross Unrealized Gains			Gross Unrealized Losses
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	2,747		$		—		$	-4
	Obligations of states and political subdivisions		59,002				2,027			-57
	Mortgage-backed securities		115,714				2,492			-640
	Private placement and corporate bonds		3,544				24			—
	Other securities		1,905				—			—
	Total Securities Available for Sale	$	182,912		$		4,543		$	-701
	Securities Held to Maturity:
	Mortgage-backed securities	$	21,131		$		519		$	—
	Private placement and corporate bonds		5,050				50
	Total Securities Held to Maturity	$	26,181		$		569		$	—
	Total Investment Securities	$	209,093		$		5,112		$	-701
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	At March 31, 2015 and December 31, 2014, the mortgage-backed securities portfolios at market value were $123.9 million ( 63.3%) and $136.8 million ( 65.4%), respectively, of the investment portfolios.  Approximately 4.2%, or $5.2 million, of the mortgage-backed securities outstanding at  March 31, 2015 were issued by the Government National Mortgage Association (“GNMA”) and guaranteed by the United States Department of Veterans Affairs (“VA”) or the Federal Housing Administration (“FHA”);  agencies of the United States government.  An additional 90.8%, or $112.5 million, of the mortgage-backed securities outstanding at March 31, 2015 were issued by either the Federal National Mortgage Association (“FNMA”), the FHLB or the Federal Home Loan Mortgage Corporation (“FHLMC”); United States government-sponsored agencies.  Non-agency mortgage-backed securities present a level of credit risk that does not exist currently with United States government agency-backed securities and comprised approximately 5.0%, or $6.2 million of the outstanding mortgage-backed securities at March 31, 2015.  Management evaluates these non-agency mortgage-backed securities at least quarterly and more frequently when economic or market concerns warrant such evaluation.
	Securities with unrealized losses at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (dollar amounts in thousands):
		31-Mar-15
		Less than 12 Months								12 Months or More					Total
			Fair Value				Unrealized Loss			Fair Value			Unrealized Loss		Fair Value				Unrealized Loss
	Description of Securities
	Securities Available for Sale:
	Obligations of states and political subdivisions		2,736				-28			1,181			-22		3,917				-50
		$			$				$			$		$			$
	Mortgage-backed securities		9,495				-23			15,692			-327		25,187				-350
	Total temporarily impaired	$	12,231		$		-51		$	16,873		$	-349	$	29,104		$		-400
		31-Dec-14
		Less than 12 Months								12 Months or More						Total
	Description of Securities		Fair Value				Unrealized Loss			Fair Value			Unrealized Loss			Fair Value				Unrealized Loss
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	–		$				$	2,747		$	-4	$		2,747		$		-4
							–
	Obligations of states and political subdivisions		857				-4			2,935			-53			3,792				-57
	Mortgage-backed securities		2,689				-6			30,216			-634			32,905				-640
	Total temporarily impaired	$	3,546		$		-10		$	35,898		$	-691	$		39,444		$		-701
	At March 31, 2015, the AFS mortgage-backed securities category with continuous unrealized losses for twelve months or more comprised eight securities. The obligations of states and political subdivisions securities category with continuous unrealized losses for twelve months or more comprised four securities.
	At December 31, 2014 the AFS mortgage-backed securities category with continuous unrealized losses for twelve months or more comprised thirteen securities. The obligations of states and political subdivisions category with continuous unrealized losses for twelve months or more comprised ten securities. The U.S. government sponsored agency securities category with continuous unrealized losses for twelve months or more comprised one security.
	At both March 31, 2015 and December 31, 2014, the HTM portfolio had no unrealized losses.
	Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. As part of such monitoring, the credit quality of individual securities and their issuers is assessed. Adjustments to market value that are considered temporary are recorded as a separate component of other comprehensive income, net of tax. If an impairment of a security is identified as other-than-temporary based on information available, such as the decline in the creditworthiness of the issuer, external market ratings or the anticipated or realized elimination of associated dividends, such impairments are further analyzed to determine if a credit loss exists. If there is a credit loss, it will be recorded in the consolidated statement of operations. Unrealized losses other than credit losses will continue to be recognized in other comprehensive income, net of tax.  Unrealized losses reflected in the preceding tables have not been included in the results of operations because the
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	unrealized losses were not deemed other-than-temporary.  Management does not have the intent to sell the securities and has determined that it is not more likely than not that the Company will be required to sell the securities before their anticipated recovery, and therefore, there is no other-than-temporary impairment.

Loans

Loans	3 Months Ended
	Mar. 31, 2015
Loans [Abstract]
Loans	7.Loans
	Loans held for investment, including purchased loan participations from other financial institutions and in the syndicated loan market, are summarized as follows (dollar amounts in thousands):
			31-Mar-15		31-Dec-14
	Construction	$	33,481	$	40,808
	Real estate-Residential		150,911		152,091
	Real estate-Commercial		311,725		304,446
	Commercial-Syndicated		65,040		65,429
	Commercial-Other		83,815		88,045
	Consumer		5,719		6,075
	Tax exempt		22,073		22,964
	Gross loans		672,764		679,858
	Less: Deferred origination fees, net of costs		-491		-501
	Less: Allowance for loan losses		-7,003		-7,051
	Loans, net	$	665,270	$	672,306
	Loans having a carrying value of $141.3 million and $142.0 million are pledged as collateral for borrowings from the FHLB at March 31, 2015 and December 31, 2014, respectively.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	A breakdown of the allowance for loan losses and recorded investment in loans as of and for the three months ended March 31, 2015 is as follows (dollar amounts in thousands):
					Construction		Real Estate-Residential		Real Estate-Commercial		Commercial-Syndicated		Commercial-Other		Consumer		Tax Exempt		Not Specifically Allocated		Total
			Allowance for Loan Losses:
	Beginning balance			$	252	$	779	$	3,282	$	1,047	$	1,082	$	54	$	–	$	555	$	7,051
	Charge-offs				–		–		-268		–		-15		-17		–		–		-300
	Recoveries				6		5		27		–		12		2		–		–		52
	Provision				-47		-24		78		-6		-48		29		–		218		200
	Ending balance			$	211	$	760	$	3,119	$	1,041	$	1,031	$	68	$	–	$	773	$	7,003
			Loans:
	Ending balance			$	33,481	$	150,911	$	311,234	$	65,040	$	83,815	$	5,719	$	22,073	$	–	$	672,273
	ALL				-211		-760		-3,119		-1,041		-1,031		-68		–		-773		-7,003
	Recorded Investment			$	33,270	$	150,151	$	308,115	$	63,999	$	82,784	$	5,651	$	22,073	$	-773	$	665,270
			Ending balance:
	Individually evaluated			$	–	$	967	$	10,754	$	–	$	826	$	91	$	–	$	–	$	12,638
	Collectively evaluated				33,481		149,944		300,480		65,040		82,989		5,628		22,073		–		659,635
	Total			$	33,481	$	150,911	$	311,234	$	65,040	$	83,815	$	5,719	$	22,073	$	–	$	672,273
	A breakdown of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2014 is as follows (dollar amounts in thousands):
			Construction			Real Estate- Residential		Real Estate- Commercial		Commercial- Syndicated		Commercial- Other		Consumer		Tax Exempt		Not Specifically Allocated		Total
	Allowance for Loan Losses:
	Beginning balance	$	372		$	1,373	$	4,431	$	218	$	445	$	64	$	—	$	755	$	7,658
	Charge-offs		-162			-88		-656		-178		-116		-83		—		—		-1,283
	Recoveries		56			126		439		—		37		18		—		—		676
	Provision		-14			-632		-932		1,007		716		55		—		-200		—
	Ending balance	$	252		$	779	$	3,282	$	1,047	$	1,082	$	54	$	—	$	555	$	7,051
	Loans:
	Ending balance	$	40,808		$	152,091	$	303,945	$	65,429	$	88,045	$	6,075	$	22,964	$	—	$	679,357
	ALL		-252			-779		-3,282		-1,047		-1,082		-54		—		-555		-7,051
	Recorded Investment	$	40,556		$	151,312	$	300,663	$	64,382	$	86,963	$	6,021	$	22,964	$	-555	$	672,306
	Ending Balance:
	Individually evaluated	$	—		$	849	$	12,101	$	—	$	848	$	13	$	—	$	—	$	13,811
	Collectively evaluated		40,808			151,242		291,844		65,429		87,197		6,062		22,964		—		665,546
	Total	$	40,808		$	152,091	$	303,945	$	65,429	$	88,045	$	6,075	$	22,964	$	—	$	679,357
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	A summary of past due loans at March 31, 2015 and December 31, 2014 is as follows (dollar amounts in thousands):
			31-Mar-15
				30-89 Days Past Due (accruing)			90 Days or More Past Due on Non-accrual			Total
	Construction		$	175		$	—		$	175
	Real estate – Residential			602			967			1,569
	Real estate – Commercial			1,526			3,909			5,435
	Commercial-Syndicated			—			—			—
	Commercial-Other			6			826			832
	Consumer			12			29			41
	Tax exempt			—			—			—
	Total		$	2,321		$	5,731		$	8,052
		31-Dec-14
			30-89 Days Past Due (accruing)			90 Days or More Past Due on Non-accrual			Total
Construction		$	—		$	—		$	—
Real estate – Residential			313			849			1,162
Real estate – Commercial			996			3,461			4,457
Commercial-Syndicated			—			—			—
Commercial-Other			11			832			843
Consumer			35			13			48
Tax exempt			—			—			—
Total		$	1,355		$	5,155		$	6,510
Credit Quality:  Management utilizes a risk grading matrix on each of the Company’s commercial loans.  Loans are graded on a scale of 0001 to 0007.  A description of the loan grades is as follows:
0001 - Excellent risk.  Borrowers of highest quality and character.  Almost no risk possibility.  Balance sheets are very strong with superior liquidity, excellent debt capacity and low leverage.  Cash flow trends are positive and stable.  Excellent ratios.
0002 - Very good risk.  Good ratios in all areas.  High quality borrower.  Normally quite liquid.  Differs slightly from a 0001 customer.
0003 - Strong in most categories.  Possible higher levels of debt or shorter track record.  Minimal attention required.  Good management.
0004 - Better than average risk.  Adequate ratios, fair liquidity, desirable customer.  Proactive management.  Performance trends are positive.  Any deviations are limited and temporary.
BAYLAKE CORP.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
31-Mar-15
0005 - Satisfactory risk.  Some ratios slightly weak.  Overall ability to repay is adequate.  Capable and generally proactive management in all critical positions.  Margins and cash flow may lack stability, but trends are stable to positive.  Company is normally profitable year-to-year but may experience an occasional loss.
0006 A - Weakness detected in either management, capacity to repay, or balance sheet.  Erratic profitability and financial performance.  Loan demands more attention.  Includes loans deemed to have weaknesses, but that are less than 90 days past due.
0006 B - Have weaknesses that deserve management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the Bank’s collateral position at some future date.  Loans with this rating do not expose the Bank to sufficient risk to warrant adverse classification. Includes loans deemed to have weaknesses, but are less than 90 days past due.
0007 – Have well defined weaknesses and trends that jeopardize the repayment of the loan.  Range from workout to legal.  Includes loans that are on nonaccrual and/or are 90 days or more past due.
In addition to the risk grading on commercial loans, management utilizes a risk grading process on its real estate mortgage, consumer, and municipal loans when the loan becomes past due 90 days or more and/or is moved to nonaccrual status.
Below is a breakdown of loans by risk grading as of March 31, 2015 (dollar amounts in thousands):
		0001-0005		0006A		0006B		0007(1)		Total
Commercial-Syndicated	$	60,490	$	4,550	$	—	$	—	$	65,040
Commercial-Other		77,646		4,360		771		1,038		83,815
Real estate – Commercial		266,422		22,524		5,572		17,207		311,725
Construction		31,300		1,988		2		191		33,481
		435,858		33,422		6,345		18,436		494,061
Real estate - Residential		147,680		1,533		202		1,496		150,911
Consumer		5,629		–		—		90		5,719
Tax exempt		21,131		942		—		–		22,073
Total	$	610,298	$	35,897	$	6,547	$	20,022		672,764
Deferred origination fees, net of costs										-491
Total loans									$	672,273
Percent of Total Loans          90.7%          5.3%             1.0%            3.0%        100.0%
(1) Included in the 0007 risk grading are $7.4 million of loans that are evaluated but not considered impaired because, in the event of default, no loss is expected, therefore they are included in loans that are collectively evaluated for the general AFLL allocation.
BAYLAKE CORP.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
31-Mar-15
Below is a breakdown of loss by risk grading as of December 31, 2014 (dollar amounts in thousands):
		0001-0005		0006A		0006B		0007(2)		Total
Commercial-Syndicated	$	60,694	$	4,735	$	—	$	—	$	65,429
Commercial-Other		81,530		4,224		1,240		1,051		88,045
Real estate – Commercial		255,711		26,124		5,632		16,979		304,446
Construction		38,679		1,153		783		193		40,808
		436,614		36,236		7,655		18,223		498,728
Real estate - Residential		148,835		1,299		414		1,543		152,091
Consumer		6,062		—		—		13		6,075
Tax exempt		21,994		970		—		—		22,964
Total	$	613,505	$	38,505	$	8,069	$	19,779		679,858
Deferred origination fees, net of costs										-501
Total loans									$	679,357
Percent of Total Loans      90.2%          5.7%          1.2%           2.9%        100.0%
(2) Included in the 0007 risk grading are $6.0 million of loans that are evaluated but not considered impaired because, in the event of default, no loss is expected, therefore they are included in loans that are collectively evaluated for the general AFLL allocation.
Loan balances with a risk grading of 0005 or better were $610.3 million as of March 31, 2015, representing 90.7% of the total loan portfolio, versus $613.5 million as of December 31, 2014, representing 90.2% of the total loan portfolio.
Loan balances with a risk grading of 0006A decreased by $2.6 million since December 31, 2014. The decrease resulted from $3.2 million of loan payments and payoffs of which $2.5 million resulted from the sale of a single loan’s collateral.  In addition, a remaining $1.1 million loan balance, collateralized by personal guarantees, was downgraded to risk category 0007.  These reductions were offset in part by $1.1 million of loan balances upgraded from risk categories 0006B and 0007 and $0.6 million of credits downgraded from categories 0001-0005.
Loan balances with a risk grading of 0006B have decreased by $1.5 million since December 31, 2014. The decrease resulted primarily from $0.6 million of payments and payoffs received, and $1.0 million of loan balances upgraded to risk category 0006A, offset in part by $0.1 million of loans downgraded from risk grading 0001-0005.  The net movement in troubled assets from risk category 0006B to 0006A continues to be an indication of improvement in the quality of the loan portfolio as management actively works to prudently resolve problem credits.
Loan balances with risk grading of 0007 increased $0.2 million from December 31, 2014 due to the $1.1 million loan balance downgraded from risk category 0006A offset in part by $0.3 million of loan balances charged off during the first quarter of 2015 and $0.6 million of payments received.

Allowance_For_Loan_Losses_ALL

Allowance For Loan Losses ("ALL")	3 Months Ended
	Mar. 31, 2015
Allowance For Loan Losses ("ALL") [Abstract]
Allowance For Loan Losses ("ALL")	8.Allowance For Loan Losses (“ALL”)
	The ALL represents management’s estimate of probable and inherent credit losses in the loan portfolio. Estimating the amount of the ALL requires the exercise of significant judgment and the use of estimates related to the amount and timing of expected future cash flows on impaired loans, estimated losses on pools of homogeneous loans based on historical loss experience, and consideration of other qualitative factors such as current economic trends and conditions, all of which may be susceptible to significant change. The loan portfolio also represents the largest asset on the Company’s consolidated balance sheet. Loan losses are charged off against the ALL, while recoveries of amounts previously charged off are credited to the ALL. A provision for loan losses (“PFLL”) is charged to operations based on management’s periodic evaluation of the factors previously mentioned, as well as other pertinent factors.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	The ALL consists of specific reserves on certain impaired loans and general reserves for non-impaired loans.  Specific reserves reflect estimated losses based on regular analyses of all impaired non-homogenous loans. These analyses involve a high degree of judgment in estimating the amount of loss associated with specific loans, including estimating the amount and timing of future cash flows and collateral values. The general reserve is based on the Bank’s historical loss experience which is updated quarterly. The general reserve portion of the ALL also includes consideration of certain qualitative factors such as 1) changes in the nature, volume, and terms of loans, 2) changes in lending personnel, 3) changes in the quality of the loan review function, 4) changes in nature and volume of past-due, nonaccrual and/or classified loans, 5) changes in concentration of credit risk, 6) changes in economic and industry conditions, 7) changes in legal and regulatory requirements, 8) unemployment and inflation statistics, and 9) changes in underlying collateral values.
	There are many factors affecting the ALL; some are quantitative while others require qualitative judgment. The process for determining the ALL (which management believes adequately considers potential factors that might possibly result in credit losses) includes subjective elements, and therefore, may be susceptible to significant change. To the extent actual outcomes differ from management estimates, additional PFLL could be required that could adversely affect the Company’s earnings or financial position in future periods. Allocations of the ALL may be made for specific loans, but the entire ALL is available for any loan that, in management’s judgment, should be charged-off or for which an actual loss is realized. As an integral part of their examination process, various regulatory agencies review the ALL as well. Such regulators may require that changes in the ALL be recognized when such regulators’ credit evaluations differ from those of management based on information available to the regulators at the time of their examinations.
	Information regarding impaired loans is as follows (dollar amounts in thousands):
	IMPAIRED LOANS AND ALLOCATED ALLOWANCE
	31-Mar-15		Construction		Real		Real Estate - Commercial		Commercial-Syndicated		Commercial-Other		Consumer		Tax Exempt		Not Specifically Allocated		Totals
					Estate- Residential
	With an allowance recorded:
	Recorded investment	$	–	$	156	$	1,668	$	–	$	18	$	48	$	–	$	–	$	1,890
	Unpaid principal balance		–		290		2,458		–		643		62		–		–		3,453
	Related Allowance		–		134		790		–		625		14		–		–		1,563
	With no related allowance recorded:
	Recorded investment	$	–	$	677	$	8,296	$	–	$	183	$	29	$	–	$	–	$	9,185
	Unpaid principal balance		–		677		8,296		–		183		29		–		–		9,185
	Related Allowance		–		–		–		–		–		–		–		–		–
	Total:
	Recorded investment	$	–	$	833	$	9,964	$	–	$	201	$	77	$	–	$	–	$	11,075
	Unpaid principal balance		–		967		10,754		–		826		91		–		–		12,638
	Related allowance		–		134		790		–		625		14		–		–		1,563
	Average recorded
	investment during
	quarter	$	–	$	900	$	10,359	$	–	$	514	$	83	$	–	$	–	$	11,856
	Interest income
	recognized while
	impaired during
	the period	$	–	$	1	$	73	$	–	$	1	$	–	$	–	$	–	$	75
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	IMPAIRED LOANS AND ALLOCATED ALLOWANCE
	31-Dec-14			Construction			Real Estate- Residential		Real Estate- Commercial		Commercial-Syndicated		Commercial-Other		Consumer			Tax Exempt			Not Specifically Allocated			Totals
	With an allowance recorded:
	Recorded investment		$		—	$	83	$	1,367	$	—	$	—	$	1	$	—			$		—	$	1,451
	Unpaid principal balance				—		168		2,008		—		634		2		—					—		2,812
	Related allowance				—		85		641		—		634		1		—					—		1,361
	With no related allowance recorded:
	Recorded investment		$		—	$	681	$	10,093	$	—	$	214	$	11	$	—			$		—	$	10,999
	Unpaid principal balance				—		681		10,093		—		214		11		—					—		10,999
	Related allowance				—		—		—		—		—		—		—					—		—
	Total:
	Recorded investment		$		—	$	764	$	11,460	$	—	$	214	$	12	$	—			$		—	$	12,450
	Unpaid principal balance				—		849		12,101		—		848		13		—					—		13,811
	Related allowance				—		85		641		—		634		1		—					—		1,361
			$		408	$	532	$	13,031	$	—	$	228	$	3	$	—			$		—	$	14,202
	Average recorded investment during quarter
	Interest income recognized while impaired during the period		$		—	$	5	$	351	$	—	$	—	$	—	$	—			$		—	$	356
	Management regularly monitors impaired loan relationships.  In the event facts and circumstances change, an additional PFLL may be necessary.
	Nonperforming loans are as follows (dollar amounts in thousands):
	NONPERFORMING LOANS
			March 31,		December 31,		September 30,		June 30,		March 31,
			2015		2014		2014		2014		2014
	Nonaccrual loans	$	5,731	$	5,155	$	5,647	$	6,794	$	6,686
	Loans restructured in a troubled debt restructuring, nonaccrual		-		-		256		256		255
	Total nonperforming loans (“NPLs”)	$	5,731	$	5,155	$	5,903	$	7,050	$	6,941
	Restructured loans, accruing	$	6,907	$	8,656	$	8,656	$	8,472	$	8,370
	During the quarter ended March 31, 2015, $1.3 million of additional loan balances became nonaccrual, of which $1.1 million related to a single loan. This increase was offset in part by $0.4 million of payments received during the first quarter of 2015 and $0.3 million of nonaccrual loan balances charged off.  No nonaccrual loans were transferred to other real estate owned during the first quarter of 2015.
	During the quarter ended March 31, 2015, one loan of $0.1 million was restructured, involving a payment schedule change. This loan continues to accrue interest under the restructured terms.

Other_Real_Estate_Owned_Net

Other Real Estate Owned, Net	3 Months Ended
	Mar. 31, 2015
Other Real Estate Owned, Net [Abstract]
Other Real Estate Owned, Net	9.Other Real Estate Owned, Net
	Other real estate owned is summarized as follows (dollar amounts in thousands):
			For the three months ended
			March 31,
			2015				2014
	Beginning balance	$	5,093	$		8,566
	Transfer of net realizable value to other real estate owned		-			-
	Sale proceeds		-41			-710
	Net gain from disposal of other real estate owned		1			24
	Valuation allowance related to properties disposed		-36			-405
	Total other real estate owned		5,017			7,475
	Valuation allowance for losses		-822			-1,996
	Total other real estate owned, net	$	4,195	$		5,479
	Changes in the valuation allowance for losses on total other real estate owned were as follows (dollar amounts in thousands):
			For the three months ended
			March 31,
			2015		2014
	Beginning balance	$	827	$	2,268
	Provision charged to operations		31		133
	Amounts related to properties disposed		-36		-405
	Balance at end of period	$	822	$	1,996

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes [Abstract]
Income Taxes	10.Income Taxes
	In accordance with the accounting guidance for income taxes, deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred income tax assets and liabilities are measured using enacted tax rates that will apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date.
	A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination.  The amount recognized is the largest amount of tax benefit that has a greater than 50% chance of being realized on examination.  For tax positions not meeting the “more likely than not” test, no tax benefit is recorded.
	Management regularly reviews the carrying amount of the Company’s deferred income tax assets to determine if the establishment of a valuation allowance is necessary.  If, based on the available evidence, it is more likely than not that all or a portion of the deferred income tax assets will not be realized in future periods, a deferred income tax valuation allowance would be established.  Consideration is given to various positive and negative factors that could affect the realization of the deferred income tax assets. In evaluating available evidence, management considers, among other things, historical financial performance, expectation of future earnings, the ability to carry back losses to recoup taxes previously paid, length of statutory carryforward periods, experience with operating loss and tax credit carryforwards not expiring unused, tax planning strategies and timing of reversals of temporary differences.  Significant judgment is required in assessing future earnings trends and the timing of reversals of temporary differences.  The evaluation is based on current tax laws as well as management’s expectations of future performance.  At March 31, 2015 and December 31, 2014, the Company determined that no valuation allowance was required to be taken against the deferred income tax asset.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	The Company is subject to the income tax laws of the U.S., its states and municipalities.  These tax laws are complex and subject to different interpretations by the taxpayer and the relevant Governmental taxing authorities. Accounting guidance related to uncertainty in income taxes prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return.  Under the guidance, tax positions shall initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities.  Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% chance of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts.  The guidance also revises disclosure requirements to include an annual tabular roll forward of unrecognized tax benefits.  In establishing a provision for income tax expense, the Company must make judgments and interpretations about the application of these inherently complex tax laws within the framework existing under U.S. GAAP.
	The Company is no longer subject to examination by U.S. Federal taxing authorities for years before 2011 and for Wisconsin state income taxes for years before 2010. The Internal Revenue Service (“IRS”) conducted audits of the Company’s 2011 federal income tax return in 2013 and of the Company’s 2012 federal tax return in 2014. There were no significant adjustments related to the audits. The Company does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months.
	The Company recognizes interest and/or penalties related to income tax matters in income tax expense.

Equity_Investment

Equity Investment	3 Months Ended
	Mar. 31, 2015
Equity Investment [Abstract]
Equity Investment	11.Equity Investment
	The Bank owns a 99.2% interest (500 shares) in United Financial Services, Incorporated (“UFS, Inc.”), a data processing company. During the third quarter of 2014, a tax strategy reorganization of UFS, Inc. was launched with the intent of providing a more favorable tax structure to UFS, Inc. and its shareholders, including the Bank.  This transaction was completed in the fourth quarter of 2014.  As part of this reorganization, UFS, LLC was formed.  Collectively, UFS, Inc. and UFS, LLC are referred to as the “UFS Enterprise.” UFS, Inc. owns a 50.2% interest in UFS, LLC.  Under the new structure, the Bank owns a 49.8% indirect interest in UFS, LLC through its 99.2% ownership of UFS, Inc. As part of the transaction, the Bank paid $0.7 million to UFS, LLC’s other 49.8% shareholder as reimbursement from the disproportionate share of tax obligations borne by that shareholder resulting from the overall restructuring transaction. $0.1 million of this payment was returned to the Bank in the first quarter of 2015 due to a revision of the amount calculated. .
	In addition to the ownership interest, the Bank and UFS, Inc. have a common member on each of their respective Boards of Directors. The investment in this entity is carried on the Bank’s balance sheet under the equity method of accounting and the pro rata share of its net income is included in noninterest income in the consolidated statement of operations and increases the Bank’s investment. As dividends are received from UFS, Inc. the investment is reduced. The carrying value of the investment in UFS, Inc. was $4.8 million at March 31, 2015 and $4.6 million at December 31, 2014.  The book value of UFS, Inc. was approximately $9,614 per share and $9,279 per share at March 31, 2015 and December 31, 2014, respectively.

Mortgage_Servicing_Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2015
Mortgage Servicing Rights [Abstract]
Mortgage Servicing Rights	12.Mortgage Servicing Rights
	The Company has obligations to service residential first mortgage loans and commercial loans that have been sold in the secondary market with servicing retained.  Mortgage servicing rights (“MSRs”) are recorded at fair value when such loans are sold. On a quarterly basis, MSRs are valued based on a model that calculates their fair value using assumptions comparable to those used by market participants in estimating the present value of future net servicing income.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	Changes in the carrying value of MSRs are as follows (dollar amounts in thousands):
	MORTGAGE SERVICING RIGHTS
			For the three months ended March 31, 2015		For the three months ended March 31, 2014
	Balance at beginning of period	$	841	$	967
	Additions from loans sold with servicing retained		20		16
	Loan payments and payoffs		-18		-20
	Changes in valuation		2		-57
	Fair value of MSRs at the end of period	$	845	$	906
	Unpaid principal balance of loans serviced for others was $123.7 million and $125.2 million at March 31, 2015 and March 31, 2014, respectively.

Promissory_Notes

Promissory Notes	3 Months Ended
	Mar. 31, 2015
Promissory Notes [Abstract]
Promissory Notes	13.Promissory Notes
	During 2009 and 2010, the Company issued 10% Convertible Notes due June 30, 2017 totaling $9.5 million. The Convertible Notes were offered and sold in reliance on the exemption from registration under Section 4(2) of the Securities Act of 1933 and Rule 506 promulgated thereunder.
	The Convertible Notes accrue interest at a fixed rate of 10% per annum upon issuance and until maturity or earlier conversion or redemption. Interest is payable quarterly, in arrears, on January 1, April 1, July 1, and October 1 of each year. The Convertible Notes are convertible into shares of common stock at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion, subject to certain adjustments as described in the Convertible Notes (the “Conversion Ratio”).  Prior to the fifth anniversary of issuance, each holder of the Convertible Notes may convert up to 100% (at the discretion of the holder) of the original principal amount into shares of common stock at the Conversion Ratio. Beginning on July 1, 2014, the Company was entitled to redeem the notes in whole or in part.  A notice of redemption supersedes and takes priority over any notice of conversion.   On October 1, 2014,  one-half of the original principal amounts were mandatorily convertible into common stock at the Conversion Ratio if voluntary conversion had not occurred. The principal amount of any Convertible Notes that has not been converted will be payable at maturity on June 20, 2017.
	Beginning January 1, 2014, the Company began redeeming notes at the investors ‘option under the terms described in the preceding paragraph.  In 2014, $6.1 million of Convertible Notes converted into 1.2 million shares of the Company’s common stock under this option.  On October 1, 2014, an additional $1.7 million of Convertible Notes was converted into 0.3 million shares of the Company’s common stock under the mandatory conversion provision of the Convertible Notes.  During the first quarter of 2015, $0.6 million of Convertible Notes were converted into 0.1 million shares of the Company’s common stock at the option of the holder. The outstanding principal balance of Convertible Notes at March 31, 2015 was $1.1 million, which on April 1, 2015 was converted in full under the voluntary conversion provisions, resulting in no remaining outstanding Convertible Notes after such conversion.

Troubled_Debt_Restructuring

Troubled Debt Restructuring

3 Months Ended

Mar. 31, 2015

Troubled Debt Restructuring [Abstract]

Troubled Debt Restructuring

14.Troubled Debt Restructuring

A troubled debt restructuring (“TDR”) is a loan modification resulting from a borrower experiencing financial difficulty and the Bank granting a concession to that borrower that would not otherwise be considered except for the borrower’s financial difficulties.  A TDR may be on either accrual or nonaccrual status based upon the performance of the borrower and management’s assessment of collectability.  A TDR remains classified as such until a sufficient period of performance under the restructured terms has occurred, generally six months, at which time it is no longer deemed to be a TDR.

BAYLAKE CORP.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

31-Mar-15

Changes in TDRs for the three months ended March 31, 2015 are as follows (dollars in thousands):

Construction

Real Estate-Residential

Real Estate-Commercial

Commercial-Syndicated

Commercial-Other

Consumer

Tax Exempt

Total

Accruing

1-Jan-15

$

–

$

–

$

8,640

$

–

$

16

$

–

$

–

$

8,656

Principal payments

–

–

-3

–

–

–

–

-3

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

62

–

62

Transfers out of TDRs

–

–

-1,792

–

-16

–

–

-1,808

Transfers to nonaccrual

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

6,845

$

–

$

–

$

62

$

–

$

6,907

Nonaccrual

1-Jan-15

$

–

$

–

$

–

$

–

$

–

$

–

$

–

$

–

Principal payments

–

–

–

–

–

–

–

–

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

–

–

–

Transfers to other real estate owned

–

–

–

–

–

–

–

–

Transfers from accruing

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

–

$

–

$

–

$

–

$

–

$

–

Totals

1-Jan-15

$

–

$

–

$

8,640

$

–

$

16

$

–

$

–

$

8,656

Principal payments

–

–

-3

–

–

–

–

-3

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

62

–

62

Transfers out of TDRs

–

–

-1,792

–

-16

–

–

-1,808

Transfers to other real estate owned

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

6,845

$

–

$

–

$

62

$

–

$

6,907

During the three months ended March 31, 2015, one loan balance totaling $0.1 million was transferred to restructured status due to a change in payment schedule. Also during the three months ended March 31, 2015, $1.8 million of accruing restructured loans were removed from restructured status due to compliance with their restructured terms for at least six months.

BAYLAKE CORP.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

31-Mar-15

A summary of troubled debt restructurings as of March 31, 2015 and December 31, 2014 is as follows (dollar amounts in thousands):

31-Mar-15

31-Dec-14

Number of Modifications

Recorded Investment

Number of Modifications

Recorded Investment

Construction

—

$

—

—

$

—

Real estate – Residential

—

—

—

—

Real estate – Commercial

8

6,845

9

8,640

Commercial-Syndicated

—

—

—

—

Commercial-Other

—

—

1

16

Consumer

1

62

—

—

Tax exempt

—

—

—

—

Total

9

$

6,907

10

$

8,656

A summary of troubled debt restructurings as of March 31, 2015 by restructure type is as follows (dollar amounts in thousands):

Accruing

Nonaccruing

Total

Payment schedule changes

$

6,620

$

–

$

6,620

Interest rate reduction

287

–

287

Total

$

6,907

$

–

$

6,907

Commitments_And_Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	15.Commitments and Contingencies
	The following is a summary of the Company’s off-balance sheet commitments, all of which were lending-related commitments:
	LENDING RELATED COMMITMENTS
	(Dollar amounts in thousands)
			31-Mar-15		31-Dec-14
	Commitments to fund unused home equity line loans	$	59,496	$	59,163
	Commitments to fund 1-4 family loans		1,119		2,606
	Commitments to fund residential real estate construction loans		2,749		3,014
	Commitments unused on commercial lines of credit loans		169,263		154,405
	Commitments unused on consumer lines of credit loans		9,508		9,333
	Total commitments to extend credit	$	242,135	$	228,521
	Financial standby letters of credit	$	29,874	$	9,757
	The increase in financial standby letters of credit during the first three months of 2015 resulted from origination of a $20.0 million standby letter of credit with the FHLB on behalf of a municipal customer as collateral for their interest bearing deposit balances. This fluctuating balance financial standby letter of credit (“LOC”) through the FHLB Public Link Deposit program is supported by loan and/or investment security collateral as an alternative to pledging of investment securities directly to specific customers. Under this agreement the amount of the LOC may increase/or decrease quarterly with a maximum limit between $20.0 million to $40.0 million, depending on the time of year.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	EARNINGS PER SHARE
	(Dollar amounts in thousands, except per share data)
			Three months ended
			March 31,
			2015		2014
	(Numerator):
	Net income available to common stockholders	$	2,207	$	2,065
	Plus:  Income impact of assumed conversions
	Interest on 10% convertible debentures, net of income tax		16		145
	Income available to common stockholders plus assumed conversions	$	2,223	$	2,210
	(Denominator):
	Weighted average number of common shares
	outstanding-basic		9,141,244		7,775,895
	Plus:  Incremental shares of assumed conversions:
	Dilutive effect of stock options (1)		49,293		43,582
	Dilutive effect of restricted stock units (2)		38,822		47,819
	Dilutive effect of convertible promissory notes (3) (4)		215,000		1,840,000
	Dilutive potential common shares		303,115		1,931,401
	Adjusted weighted-average shares		9,444,359		9,707,296
	Basic Earnings Per Share	$	0.24	$	0.27
	Diluted Earnings Per Share	$	0.24	$	0.23
	(1)For the quarters ended March 31, 2015 and 2014, respectively, there were 115,339 and 64,130 outstanding stock options that were not included in the computation of diluted earnings per share because they were considered anti-dilutive.
	(2) For the quarters ended March 31, 2015 and 2014, respectively, there were 25,342 and 15,040 outstanding restricted stock units that were not included in the computation of diluted earnings per share because they were considered anti-dilutive.
	(3)At March 31, 2015 and 2014, the Company had $1.1 million and $9.2 million, respectively, of outstanding Convertible Promissory Notes (the “Convertible Notes”). The Convertible Notes are convertible into shares of common stock of the Company at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion subject to certain adjustments as described in the Convertible Notes (the “Conversion Ratio”). Prior to the quarterly interest date preceding the fifth anniversary of issuance of the Convertible Notes each holder of the Convertible Notes may convert up to 100% (at the discretion of the holder) of the original principal amount into shares of common stock at the Conversion Ratio. On October 1, 2014,  one-half of the original principal amounts of the Convertible Notes were mandatorily convertible at the Conversion Ratio if voluntary conversion had not yet occurred.  The principal amount of any Convertible Note that had not been converted will be payable at maturity on June 30, 2017. At March 31, 2015 and 2014, respectively, 215,000 and 1,840,000 of common shares issuable upon conversion of remaining outstanding Convertible Notes are included in the computation of diluted earnings per share since the average market price per share for the three months ended March 31, 2015 and 2014 exceeded the conversion price of $5.00 per share.
	(4)On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion.

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value [Abstract]
Assets Measured At Fair Value On A Recurring Basis
			March 31,		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			2015		(Level 1)		(Level 2)		(Level 3)
	Assets:
	Securities available for sale:
	U.S. government-sponsored agency securities	$	2,393	$	–	$	2,393	$	–
	Mortgage-backed securities		102,530		–		102,315		215
	Obligations of states and political subdivisions		58,826		–		58,826		–
	Private placement and corporate bonds		3,627		–		3,627		–
	Other securities		1,904		–		1,904		–
	Total securities available for sale		169,280		–		169,065		215
	Mortgage servicing rights		845		–		845		–
	Total	$	170,125	$	–	$	169,910	$	215
			31-Dec-14		Quoted Prices in Active Markets For Identical Assets				Significant Unobservable
					(Level 1)		Significant Other Observable Inputs		Inputs
							(Level 2)		(Level 3)
	Assets:
	Securities available for sale:
	U.S. government-sponsored agency securities	$	2,747	$	–	$	2,747	$	–
	Mortgage-backed securities		115,714		–		115,460		254
	Obligations of states and political subdivisions		59,002		–		59,002		–
	Private placement and corporate bonds		3,544		–		3,544		–
	Other securities		1,905		–		1,905		–
	Total securities available for sale		182,912		–		182,658		254
	Mortgage servicing rights		841		–		841		–
	Total	$	183,753	$	–	$	183,499	$	254
Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs			For the three months ended March 31, 2015		For the three months ended March 31, 2014
	Balance, beginning of period	$	254	$	482
	Transfer into Level 3		–		–
	Other comprehensive gain		3		33
	Transfer out of Level 3		–		–
	Principal payments		-42		-109
	Balance, end of period	$	215	$	406
Assets Measured At Fair Value On A Non-Recurring Basis
	ASSETS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS
	(Dollar amounts in thousands)
	Assets measured at fair value on a non-recurring basis are summarized below:
			March 31,		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable
			2015		(Level 1)		(Level 2)		Inputs
									(Level 3)
	Assets:
	Impaired loans with allocated allowances	$	1,890	$	–	$	–	$	1,890
	Other real estate owned, net		4,195		–		–		4,195
	Total	$	6,085	$	–	$	–	$	6,085
			31-Dec-14		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable
					(Level 1)		(Level 2)		Inputs
									(Level 3)
	Assets:
	Impaired loans with allocated allowances	$	1,451	$	–	$	–	$	1,451
	Other real estate owned, net		4,266		–		–		4,266
	Total	$	5,717	$	–	$	–	$	5,717
Required Financial Disclosures About Fair Value Of Financial Instruments
			(Dollar amounts in thousands)
			March  31, 2015				31-Dec-14
			Carrying		Fair		Carrying		Fair
			Amount		Value		Amount		Value
	FINANCIAL ASSETS
	Cash and due from financial institutions	$	47,159	$	47,159	$	60,189	$	60,189
	Federal funds sold		1,640		1,640		1,176		1,176
	Securities held to maturity		25,581		26,381		25,612		26,181
	Securities available for sale		169,280		169,280		182,912		182,912
	Loans held for sale		1,486		1,513		1,290		1,314
	Loans, net		665,270		658,347		672,306		675,481
	Federal Home Loan Bank stock		4,238		4,238		4,238		4,238
	Mortgage servicing rights		845		845		841		841
	Other real estate owned, net		4,195		4,195		4,266		4,266
	Accrued interest receivable		2,957		2,957		2,559		2,559
	FINANCIAL LIABILITIES
	Deposits	$	761,452	$	761,425	$	765,542	$	765,370
	Federal Home Loan Bank advances		43,640		43,423		60,455		60,475
	Repurchase agreements		51,157		45,275		64,869		64,869
	Subordinated debentures		16,100		16,100		16,100		16,100
	Convertible promissory notes		1,075		1,070		1,650		1,642
	Accrued interest payable		316		316		283		283

Investments_Tables

Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Investments [Abstract]
Fair Value Of Securities Available For Sale And Related Unrealized Gains And Losses
			31-Mar-15
			Fair Value			Gross Unrealized Gains					Gross Unrealized Losses
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	2,393	$		14		$			–
	Obligations of states and political subdivisions		58,826			2,060					-50
	Mortgage-backed securities		102,530			2,849					-350
	Private placement and corporate bonds		3,627			107					–
	Other securities		1,904			–					–
	Total Securities Available for Sale	$	169,280	$		5,030		$			-400
	Securities Held to Maturity:
	Mortgage-backed securities	$	21,319	$		737		$			–
	Private placement and corporate bonds		5,062			63					–
	Total Securities Held to Maturity	$	26,381	$		800		$			–
	Total Investment Securities	$	195,661	$		5,830		$			-400
			31-Dec-14
			Fair Value				Gross Unrealized Gains			Gross Unrealized Losses
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	2,747		$		—		$	-4
	Obligations of states and political subdivisions		59,002				2,027			-57
	Mortgage-backed securities		115,714				2,492			-640
	Private placement and corporate bonds		3,544				24			—
	Other securities		1,905				—			—
	Total Securities Available for Sale	$	182,912		$		4,543		$	-701
	Securities Held to Maturity:
	Mortgage-backed securities	$	21,131		$		519		$	—
	Private placement and corporate bonds		5,050				50
	Total Securities Held to Maturity	$	26,181		$		569		$	—
	Total Investment Securities	$	209,093		$		5,112		$	-701
Securities In Unrealized Loss Positions Aggregated By Investment Category And Length Of Time In Loss Position
		31-Mar-15
		Less than 12 Months								12 Months or More					Total
			Fair Value				Unrealized Loss			Fair Value			Unrealized Loss		Fair Value				Unrealized Loss
	Description of Securities
	Securities Available for Sale:
	Obligations of states and political subdivisions		2,736				-28			1,181			-22		3,917				-50
		$			$				$			$		$			$
	Mortgage-backed securities		9,495				-23			15,692			-327		25,187				-350
	Total temporarily impaired	$	12,231		$		-51		$	16,873		$	-349	$	29,104		$		-400
		31-Dec-14
		Less than 12 Months								12 Months or More						Total
	Description of Securities		Fair Value				Unrealized Loss			Fair Value			Unrealized Loss			Fair Value				Unrealized Loss
	Securities Available for Sale:
	U.S. government-sponsored agency securities	$	–		$				$	2,747		$	-4	$		2,747		$		-4
							–
	Obligations of states and political subdivisions		857				-4			2,935			-53			3,792				-57
	Mortgage-backed securities		2,689				-6			30,216			-634			32,905				-640
	Total temporarily impaired	$	3,546		$		-10		$	35,898		$	-691	$		39,444		$		-701

Loans_Tables

Loans (Tables)	3 Months Ended
	Mar. 31, 2015
Loans [Abstract]
Schedule Of Loans Held For Investment
			31-Mar-15		31-Dec-14
	Construction	$	33,481	$	40,808
	Real estate-Residential		150,911		152,091
	Real estate-Commercial		311,725		304,446
	Commercial-Syndicated		65,040		65,429
	Commercial-Other		83,815		88,045
	Consumer		5,719		6,075
	Tax exempt		22,073		22,964
	Gross loans		672,764		679,858
	Less: Deferred origination fees, net of costs		-491		-501
	Less: Allowance for loan losses		-7,003		-7,051
	Loans, net	$	665,270	$	672,306
Allowance For Loan Losses And Recorded Investment In Loans	A breakdown of the allowance for loan losses and recorded investment in loans as of and for the three months ended March 31, 2015 is as follows (dollar amounts in thousands):
					Construction		Real Estate-Residential		Real Estate-Commercial		Commercial-Syndicated		Commercial-Other		Consumer		Tax Exempt		Not Specifically Allocated		Total
			Allowance for Loan Losses:
	Beginning balance			$	252	$	779	$	3,282	$	1,047	$	1,082	$	54	$	–	$	555	$	7,051
	Charge-offs				–		–		-268		–		-15		-17		–		–		-300
	Recoveries				6		5		27		–		12		2		–		–		52
	Provision				-47		-24		78		-6		-48		29		–		218		200
	Ending balance			$	211	$	760	$	3,119	$	1,041	$	1,031	$	68	$	–	$	773	$	7,003
			Loans:
	Ending balance			$	33,481	$	150,911	$	311,234	$	65,040	$	83,815	$	5,719	$	22,073	$	–	$	672,273
	ALL				-211		-760		-3,119		-1,041		-1,031		-68		–		-773		-7,003
	Recorded Investment			$	33,270	$	150,151	$	308,115	$	63,999	$	82,784	$	5,651	$	22,073	$	-773	$	665,270
			Ending balance:
	Individually evaluated			$	–	$	967	$	10,754	$	–	$	826	$	91	$	–	$	–	$	12,638
	Collectively evaluated				33,481		149,944		300,480		65,040		82,989		5,628		22,073		–		659,635
	Total			$	33,481	$	150,911	$	311,234	$	65,040	$	83,815	$	5,719	$	22,073	$	–	$	672,273
	A breakdown of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2014 is as follows (dollar amounts in thousands):
Schedule Of Past Due Loans
			31-Mar-15
				30-89 Days Past Due (accruing)			90 Days or More Past Due on Non-accrual			Total
	Construction		$	175		$	—		$	175
	Real estate – Residential			602			967			1,569
	Real estate – Commercial			1,526			3,909			5,435
	Commercial-Syndicated			—			—			—
	Commercial-Other			6			826			832
	Consumer			12			29			41
	Tax exempt			—			—			—
	Total		$	2,321		$	5,731		$	8,052
			31-Dec-14
				30-89 Days Past Due (accruing)			90 Days or More Past Due on Non-accrual			Total
	Construction		$	—		$	—		$	—
	Real estate – Residential			313			849			1,162
	Real estate – Commercial			996			3,461			4,457
	Commercial-Syndicated			—			—			—
	Commercial-Other			11			832			843
	Consumer			35			13			48
	Tax exempt			—			—			—
	Total		$	1,355		$	5,155		$	6,510
Breakdown Of Loans By Risk Grading	Below is a breakdown of loans by risk grading as of March 31, 2015 (dollar amounts in thousands):
			0001-0005		0006A		0006B		0007(1)		Total
	Commercial-Syndicated	$	60,490	$	4,550	$	—	$	—	$	65,040
	Commercial-Other		77,646		4,360		771		1,038		83,815
	Real estate – Commercial		266,422		22,524		5,572		17,207		311,725
	Construction		31,300		1,988		2		191		33,481
			435,858		33,422		6,345		18,436		494,061
	Real estate - Residential		147,680		1,533		202		1,496		150,911
	Consumer		5,629		–		—		90		5,719
	Tax exempt		21,131		942		—		–		22,073
	Total	$	610,298	$	35,897	$	6,547	$	20,022		672,764
	Deferred origination fees, net of costs										-491
	Total loans									$	672,273
	Percent of Total Loans          90.7%          5.3%             1.0%            3.0%        100.0%
	(1) Included in the 0007 risk grading are $7.4 million of loans that are evaluated but not considered impaired because, in the event of default, no loss is expected, therefore they are included in loans that are collectively evaluated for the general AFLL allocation.
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	Below is a breakdown of loss by risk grading as of December 31, 2014 (dollar amounts in thousands):
			0001-0005		0006A		0006B		0007(2)		Total
	Commercial-Syndicated	$	60,694	$	4,735	$	—	$	—	$	65,429
	Commercial-Other		81,530		4,224		1,240		1,051		88,045
	Real estate – Commercial		255,711		26,124		5,632		16,979		304,446
	Construction		38,679		1,153		783		193		40,808
			436,614		36,236		7,655		18,223		498,728
	Real estate - Residential		148,835		1,299		414		1,543		152,091
	Consumer		6,062		—		—		13		6,075
	Tax exempt		21,994		970		—		—		22,964
	Total	$	613,505	$	38,505	$	8,069	$	19,779		679,858
	Deferred origination fees, net of costs										-501
	Total loans									$	679,357
	Percent of Total Loans      90.2%          5.7%          1.2%           2.9%        100.0%
	(2) Included in the 0007 risk grading are $6.0 million of loans that are evaluated but not considered impaired because, in the event of default, no loss is expected, therefore they are included in loans that are collectively evaluated for the general AFLL allocation.

Allowance_For_Loan_Losses_ALL_

Allowance For Loan Losses ("ALL") (Tables)	3 Months Ended
	Mar. 31, 2015
Allowance For Loan Losses ("ALL") [Abstract]
Schedule Of Information Regarding Impaired Loans	IMPAIRED LOANS AND ALLOCATED ALLOWANCE
	31-Mar-15		Construction		Real		Real Estate - Commercial		Commercial-Syndicated		Commercial-Other		Consumer		Tax Exempt		Not Specifically Allocated		Totals
					Estate- Residential
	With an allowance recorded:
	Recorded investment	$	–	$	156	$	1,668	$	–	$	18	$	48	$	–	$	–	$	1,890
	Unpaid principal balance		–		290		2,458		–		643		62		–		–		3,453
	Related Allowance		–		134		790		–		625		14		–		–		1,563
	With no related allowance recorded:
	Recorded investment	$	–	$	677	$	8,296	$	–	$	183	$	29	$	–	$	–	$	9,185
	Unpaid principal balance		–		677		8,296		–		183		29		–		–		9,185
	Related Allowance		–		–		–		–		–		–		–		–		–
	Total:
	Recorded investment	$	–	$	833	$	9,964	$	–	$	201	$	77	$	–	$	–	$	11,075
	Unpaid principal balance		–		967		10,754		–		826		91		–		–		12,638
	Related allowance		–		134		790		–		625		14		–		–		1,563
	Average recorded
	investment during
	quarter	$	–	$	900	$	10,359	$	–	$	514	$	83	$	–	$	–	$	11,856
	Interest income
	recognized while
	impaired during
	the period	$	–	$	1	$	73	$	–	$	1	$	–	$	–	$	–	$	75
	BAYLAKE CORP.
	NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
	31-Mar-15
	IMPAIRED LOANS AND ALLOCATED ALLOWANCE
	31-Dec-14			Construction			Real Estate- Residential		Real Estate- Commercial		Commercial-Syndicated		Commercial-Other		Consumer			Tax Exempt			Not Specifically Allocated			Totals
	With an allowance recorded:
	Recorded investment		$		—	$	83	$	1,367	$	—	$	—	$	1	$	—			$		—	$	1,451
	Unpaid principal balance				—		168		2,008		—		634		2		—					—		2,812
	Related allowance				—		85		641		—		634		1		—					—		1,361
	With no related allowance recorded:
	Recorded investment		$		—	$	681	$	10,093	$	—	$	214	$	11	$	—			$		—	$	10,999
	Unpaid principal balance				—		681		10,093		—		214		11		—					—		10,999
	Related allowance				—		—		—		—		—		—		—					—		—
	Total:
	Recorded investment		$		—	$	764	$	11,460	$	—	$	214	$	12	$	—			$		—	$	12,450
	Unpaid principal balance				—		849		12,101		—		848		13		—					—		13,811
	Related allowance				—		85		641		—		634		1		—					—		1,361
			$		408	$	532	$	13,031	$	—	$	228	$	3	$	—			$		—	$	14,202
	Average recorded investment during quarter
	Interest income recognized while impaired during the period		$		—	$	5	$	351	$	—	$	—	$	—	$	—			$		—	$	356
Schedule Of Nonperforming Loans			March 31,		December 31,		September 30,		June 30,		March 31,
			2015		2014		2014		2014		2014
	Nonaccrual loans	$	5,731	$	5,155	$	5,647	$	6,794	$	6,686
	Loans restructured in a troubled debt restructuring, nonaccrual		-		-		256		256		255
	Total nonperforming loans (“NPLs”)	$	5,731	$	5,155	$	5,903	$	7,050	$	6,941
	Restructured loans, accruing	$	6,907	$	8,656	$	8,656	$	8,472	$	8,370

Other_Real_Estate_Owned_Net_Ta

Other Real Estate Owned, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Other Real Estate Owned, Net [Abstract]
Summary Of Foreclosed Properties
			For the three months ended
			March 31,
			2015				2014
	Beginning balance	$	5,093	$		8,566
	Transfer of net realizable value to other real estate owned		-			-
	Sale proceeds		-41			-710
	Net gain from disposal of other real estate owned		1			24
	Valuation allowance related to properties disposed		-36			-405
	Total other real estate owned		5,017			7,475
	Valuation allowance for losses		-822			-1,996
	Total other real estate owned, net	$	4,195	$		5,479
Changes In The Valuation Allowance For Losses On Foreclosed Properties
			For the three months ended
			March 31,
			2015		2014
	Beginning balance	$	827	$	2,268
	Provision charged to operations		31		133
	Amounts related to properties disposed		-36		-405
	Balance at end of period	$	822	$	1,996

Mortgage_Servicing_Rights_Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2015
Mortgage Servicing Rights [Abstract]
Summary Of Changes In the Carrying Value Of MSRs
			For the three months ended March 31, 2015		For the three months ended March 31, 2014
	Balance at beginning of period	$	841	$	967
	Additions from loans sold with servicing retained		20		16
	Loan payments and payoffs		-18		-20
	Changes in valuation		2		-57
	Fair value of MSRs at the end of period	$	845	$	906

Troubled_Debt_Restructuring_Ta

Troubled Debt Restructuring (Tables)

3 Months Ended

Mar. 31, 2015

Troubled Debt Restructuring [Abstract]

Schedule Of Accrual And Nonaccrual Status Of Troubled Debt Restructuring

Changes in TDRs for the three months ended March 31, 2015 are as follows (dollars in thousands):

Construction

Real Estate-Residential

Real Estate-Commercial

Commercial-Syndicated

Commercial-Other

Consumer

Tax Exempt

Total

Accruing

1-Jan-15

$

–

$

–

$

8,640

$

–

$

16

$

–

$

–

$

8,656

Principal payments

–

–

-3

–

–

–

–

-3

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

62

–

62

Transfers out of TDRs

–

–

-1,792

–

-16

–

–

-1,808

Transfers to nonaccrual

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

6,845

$

–

$

–

$

62

$

–

$

6,907

Nonaccrual

1-Jan-15

$

–

$

–

$

–

$

–

$

–

$

–

$

–

$

–

Principal payments

–

–

–

–

–

–

–

–

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

–

–

–

Transfers to other real estate owned

–

–

–

–

–

–

–

–

Transfers from accruing

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

–

$

–

$

–

$

–

$

–

$

–

Totals

1-Jan-15

$

–

$

–

$

8,640

$

–

$

16

$

–

$

–

$

8,656

Principal payments

–

–

-3

–

–

–

–

-3

Charge-offs

–

–

–

–

–

–

–

–

Advances

–

–

–

–

–

–

–

–

New restructured

–

–

–

–

–

62

–

62

Transfers out of TDRs

–

–

-1,792

–

-16

–

–

-1,808

Transfers to other real estate owned

–

–

–

–

–

–

–

–

31-Mar-15

$

–

$

–

$

6,845

$

–

$

–

$

62

$

–

$

6,907

Summary Of Troubled Debt Restructurings

31-Mar-15

31-Dec-14

Number of Modifications

Recorded Investment

Number of Modifications

Recorded Investment

Construction

—

$

—

—

$

—

Real estate – Residential

—

—

—

—

Real estate – Commercial

8

6,845

9

8,640

Commercial-Syndicated

—

—

—

—

Commercial-Other

—

—

1

16

Consumer

1

62

—

—

Tax exempt

—

—

—

—

Total

9

$

6,907

10

$

8,656

Summary Of Troubled Debt Restructurings By Restructure Type

Accruing

Nonaccruing

Total

Payment schedule changes

$

6,620

$

–

$

6,620

Interest rate reduction

287

–

287

Total

$

6,907

$

–

$

6,907

Commitments_And_Contingencies_

Commitments And Contingencies (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies [Abstract]
Lending Related Commitments
			31-Mar-15		31-Dec-14
	Commitments to fund unused home equity line loans	$	59,496	$	59,163
	Commitments to fund 1-4 family loans		1,119		2,606
	Commitments to fund residential real estate construction loans		2,749		3,014
	Commitments unused on commercial lines of credit loans		169,263		154,405
	Commitments unused on consumer lines of credit loans		9,508		9,333
	Total commitments to extend credit	$	242,135	$	228,521
	Financial standby letters of credit	$	29,874	$	9,757

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended				12 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014	Apr. 01, 2015	Oct. 01, 2014	Dec. 31, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income available to common shareholders	$2,207		$2,065
Plus: Income impact of assumed conversions: Interest on 10% convertible debentures, net of income tax	16		145
Income available to common stockholders plus assumed conversions	2,223		2,210
Weighted average number of common shares outstanding-basic	9,141,244		7,775,895
Dilutive effect of stock options	49,293	[1]	43,582	[1]
Dilutive effect of restricted stock units	38,822		47,819
Dilutive effect of convertible promissory notes	215,000	[2],[3]	1,840,000	[2],[3]
Dilutive potential common shares	303,115		1,931,401
Adjusted weighted-average shares	9,444,359		9,707,296
Basic Earnings Per Share	$0.24		$0.27
Diluted Earnings Per Share	$0.24		$0.23
Convertible promissory notes	$1,075		$9,200		$1,650			$9,500
Conversion ratio of principal to shares	0.2
Conversion price per share	$5
Percentage of original principal amount convertible prior to conversion date, maximum	100.00%
Conversion date of convertible notes	1-Oct-14
Percentage of original principal amount	0.5
Common shares from conversion of debentures					1,200,000
Subsequent Event [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares from conversion of debentures						215,000
Voluntary Conversion [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares from conversion of debentures							300,000
Mandatory Conversion [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares from conversion of debentures	100,000
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share	115,339		64,130
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share	25,342		15,040
[1]	For the quarters ended March 31, 2015 and 2014, respectively, there were 115,339 and 64,130 outstanding stock options that were not included in the computation of diluted earnings per share because they were considered anti-dilutive.
[2]	At March 31, 2015 and 2014, the Company had $1.1 million and $9.2 million, respectively, of outstanding Convertible Promissory Notes (the bConvertible Notesb). The Convertible Notes are convertible into shares of common stock of the Company at a conversion ratio of one share of common stock for each $5.00 in aggregate principal amount held on the record date of the conversion subject to certain adjustments as described in the Convertible Notes (the bConversion Ratiob). Prior to the quarterly interest date preceding the fifth anniversary of issuance of the Convertible Notes each holder of the Convertible Notes may convert up to 100% (at the discretion of the holder) of the original principal amount into shares of common stock at the Conversion Ratio. On October 1, 2014, one-half of the original principal amounts of the Convertible Notes were mandatorily convertible at the Conversion Ratio if voluntary conversion had not yet occurred. The principal amount of any Convertible Note that had not been converted will be payable at maturity on June 30, 2017. At March 31, 2015 and 2014, respectively, 215,000 and 1,840,000 of common shares issuable upon conversion of remaining outstanding Convertible Notes are included in the computation of diluted earnings per share since the average market price per share for the three months ended March 31, 2015 and 2014 exceeded the conversion price of $5.00 per share.
[3]	On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion.

Fair_Value_Assets_Measured_At_

Fair Value (Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	security	security
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of available for sale securities measured using Level 3 inputs	1	1
Securities Available For Sale, Fair Value	$169,280	$182,912
Mortgage servicing rights	845	841	906	967
Total	170,125	183,753
U.S. Government-Sponsored Agency Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	2,393	2,747
Mortgage-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	102,530	115,714
Obligations Of States And Political Subdivisions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	58,826	59,002
Private Placement And Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	3,627	3,544
Other Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	1,904	1,905
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Mortgage servicing rights
Total
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | U.S. Government-Sponsored Agency Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Obligations Of States And Political Subdivisions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Private Placement And Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Other Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	169,065	182,658
Mortgage servicing rights	845	841
Total	169,910	183,499
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government-Sponsored Agency Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	2,393	2,747
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	102,315	115,460
Significant Other Observable Inputs (Level 2) [Member] | Obligations Of States And Political Subdivisions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	58,826	59,002
Significant Other Observable Inputs (Level 2) [Member] | Private Placement And Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	3,627	3,544
Significant Other Observable Inputs (Level 2) [Member] | Other Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	1,904	1,905
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	215	254
Total	215	254
Significant Unobservable Inputs (Level 3) [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	$215	$254

Fair_Value_Assets_Measured_At_1

Fair Value (Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Fair Value [Abstract]
Balance, beginning of period	$254	$482
Transfer into Level 3
Other comprehensive loss	3	33
Transfer out of Level 3
Principal payments	-42	-109
Balance, end of period	$215	$406

Fair_Value_Assets_Measured_At_2

Fair Value (Assets Measured At Fair Value On A Non-Recurring Basis) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$6,085	$5,717
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	6,085	5,717
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,890	1,451
Impaired Loans [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Impaired Loans [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,890	1,451
Other Real Estate Owned, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	4,195	4,266
Other Real Estate Owned, Net [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Other Real Estate Owned, Net [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Other Real Estate Owned, Net [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$4,195	$4,266

Fair_Value_Required_Financial_

Fair Value (Required Financial Disclosures About Fair Value Of Financial Instruments) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities held to maturity	$26,381	$26,181
Securities available for sale, at fair value	169,280	182,912
Mortgage servicing rights	845	841	906	967
Other real estate owned, net	4,195	4,266	5,479
Accrued interest receivable	2,957	2,559
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	47,159	60,189
Federal funds sold	1,640	1,176
Securities held to maturity	25,581	25,612
Securities available for sale, at fair value	169,280	182,912
Loans held for sale	1,486	1,290
Loans, net	665,270	672,306
Federal Home Loan Bank stock	4,238	4,238
Mortgage servicing rights	845	841
Other real estate owned, net	4,195	4,266
Accrued interest receivable	2,957	2,559
Deposits	761,452	765,542
Federal Home Loan Bank advances	43,640	60,455
Repurchase agreements	51,157	64,869
Subordinated debentures	16,100	16,100
Convertible promissory notes	1,075	1,650
Accrued interest payable	316	283
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	47,159	60,189
Federal funds sold	1,640	1,176
Securities held to maturity	26,381	26,181
Securities available for sale, at fair value	169,280	182,912
Loans held for sale	1,513	1,314
Loans, net	658,347	675,481
Federal Home Loan Bank stock	4,238	4,238
Mortgage servicing rights	845	841
Other real estate owned, net	4,195	4,266
Accrued interest receivable	2,957	2,559
Deposits	761,425	765,370
Federal Home Loan Bank advances	43,423	60,475
Repurchase agreements	45,275	64,869
Subordinated debentures	16,100	16,100
Convertible promissory notes	1,070	1,642
Accrued interest payable	$316	$283

Investments_Narrative_Details

Investments (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$195,661,000	$209,093,000
Unrealized losses on HTM portfolio	0
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	123,900,000	136,800,000
Percentage of investment portfolio	63.30%	65.40%
Number of securities	8	13
Obligations Of States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities	4	10
U.S. Government-Sponsored Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities		1
Issued And Guaranteed By GMNA Or VA [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	5,200,000
Percentage of investment portfolio	4.20%
Issued By FNMA or FHLMC [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	112,500,000
Percentage of investment portfolio	90.80%
Non-agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$6,200,000
Percentage of investment portfolio	5.00%

Investments_Fair_Value_Of_Secu

Investments (Fair Value Of Securities Available For Sale And Related Unrealized Gains And Losses) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	$169,280	$182,912
Securities Available for Sale, Gross Unrealized Gains	5,030	4,543
Securities Available For Sale, Gross Unrealized Losses	-400	-701
Securities Held to Maturity, Fair Value	26,381	26,181
Securities Held to Maturity, Gross Unrealized Gains	800	569
Total Investment securities	195,661	209,093
Total Investment Securities, Gross Unrealized Gains	5,830	5,112
Total Investment securities, Gross Unrealized Losses	-400	-701
U.S. Government-Sponsored Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	2,393	2,747
Securities Available for Sale, Gross Unrealized Gains	14
Securities Available For Sale, Gross Unrealized Losses		-4
Obligations Of States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	58,826	59,002
Securities Available for Sale, Gross Unrealized Gains	2,060	2,027
Securities Available For Sale, Gross Unrealized Losses	-50	-57
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	102,530	115,714
Securities Available for Sale, Gross Unrealized Gains	2,849	2,492
Securities Available For Sale, Gross Unrealized Losses	-350	-640
Securities Held to Maturity, Fair Value	21,319	21,131
Securities Held to Maturity, Gross Unrealized Gains	737	519
Total Investment securities	123,900	136,800
Private Placement And Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	3,627	3,544
Securities Available for Sale, Gross Unrealized Gains	107	24
Securities Held to Maturity, Fair Value	5,062	5,050
Securities Held to Maturity, Gross Unrealized Gains	63	50
Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	$1,904	$1,905

Investments_Securities_In_Unre

Investments (Securities In Unrealized Loss Positions Aggregated By Investment Category And Length Of Time In Loss Position) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$12,231	$3,546
Less than 12 Months, Unrealized Loss	-51	-10
12 Months or More, Fair Value	16,873	35,898
12 Months Or More, Unrealized Loss	-349	-691
Total Fair Value	29,104	39,444
Total Unrealized Loss	-400	-701
U.S. Government-Sponsored Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
12 Months or More, Fair Value		2,747
12 Months Or More, Unrealized Loss		-4
Total Fair Value		2,747
Total Unrealized Loss		-4
Obligations Of States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	2,736	857
Less than 12 Months, Unrealized Loss	-28	-4
12 Months or More, Fair Value	1,181	2,935
12 Months Or More, Unrealized Loss	-22	-53
Total Fair Value	3,917	3,792
Total Unrealized Loss	-50	-57
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	9,495	2,689
Less than 12 Months, Unrealized Loss	-23	-6
12 Months or More, Fair Value	15,692	30,216
12 Months Or More, Unrealized Loss	-327	-634
Total Fair Value	25,187	32,905
Total Unrealized Loss	($350)	($640)

Loans_Schedule_Of_Loans_Held_F

Loans (Schedule Of Loans Held For Investment) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	$672,764,000	$679,858,000
Less: Deferred Origination Fees, net of costs	-491,000	-501,000
Less: Allowance for Loan Losses	-7,003,000	-7,051,000	-7,658,000
Loans, net	665,270,000	672,306,000
Loans pledged as collateral for borrowings from the FHLB	141,300,000	142,000,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	33,481,000	40,808,000
Less: Allowance for Loan Losses	-211,000	-252,000	-372,000
Loans, net	33,270,000	40,556,000
Real Estate - Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	150,911,000	152,091,000
Less: Allowance for Loan Losses	-760,000	-779,000	-1,373,000
Loans, net	150,151,000	151,312,000
Real Estate - Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	311,725,000	304,446,000
Less: Allowance for Loan Losses	-3,119,000	-3,282,000	-4,431,000
Loans, net	308,115,000	300,663,000
Commercial - Syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	65,040,000	65,429,000
Less: Allowance for Loan Losses	-1,041,000	-1,047,000	-218,000
Loans, net	63,999,000	64,382,000
Commercial - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	83,815,000	88,045,000
Less: Allowance for Loan Losses	-1,031,000	-1,082,000	-445,000
Loans, net	82,784,000	86,963,000
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	5,719,000	6,075,000
Less: Allowance for Loan Losses	-68,000	-54,000	-64,000
Loans, net	5,651,000	6,021,000
Municipal Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	22,073,000	22,964,000
Loans, net	$22,073,000	$22,964,000

Loans_Allowance_For_Loan_Losse

Loans (Allowance For Loan Losses And Recorded Investment In Loans) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	$7,051	$7,658
Charge-offs	-300	-1,283
Recoveries	52	676
Provision	200
Allowance for Loan Losses: Ending Balance	7,003	7,051
Loans: Ending Balance	672,273	679,357
ALL	-7,003	-7,051
Loans, net	665,270	672,306
Ending balance: Individually evaluated	12,638	13,811
Ending balance: Collectively evaluated	659,635	665,546
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	252	372
Charge-offs		-162
Recoveries	6	56
Provision	-47	-14
Allowance for Loan Losses: Ending Balance	211	252
Loans: Ending Balance	33,481	40,808
ALL	-211	-252
Loans, net	33,270	40,556
Ending balance: Collectively evaluated	33,481	40,808
Real Estate - Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	779	1,373
Charge-offs		-88
Recoveries	5	126
Provision	-24	-632
Allowance for Loan Losses: Ending Balance	760	779
Loans: Ending Balance	150,911	152,091
ALL	-760	-779
Loans, net	150,151	151,312
Ending balance: Individually evaluated	967	849
Ending balance: Collectively evaluated	149,944	151,242
Real Estate - Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	3,282	4,431
Charge-offs	-268	-656
Recoveries	27	439
Provision	78	-932
Allowance for Loan Losses: Ending Balance	3,119	3,282
Loans: Ending Balance	311,234	303,945
ALL	-3,119	-3,282
Loans, net	308,115	300,663
Ending balance: Individually evaluated	10,754	12,101
Ending balance: Collectively evaluated	300,480	291,844
Commercial - Syndicated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	1,047	218
Charge-offs		-178
Provision	-6	1,007
Allowance for Loan Losses: Ending Balance	1,041	1,047
Loans: Ending Balance	65,040	65,429
ALL	-1,041	-1,047
Loans, net	63,999	64,382
Ending balance: Collectively evaluated	65,040	65,429
Commercial - Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	1,082	445
Charge-offs	-15	-116
Recoveries	12	37
Provision	-48	716
Allowance for Loan Losses: Ending Balance	1,031	1,082
Loans: Ending Balance	83,815	88,045
ALL	-1,031	-1,082
Loans, net	82,784	86,963
Ending balance: Individually evaluated	826	848
Ending balance: Collectively evaluated	82,989	87,197
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	54	64
Charge-offs	-17	-83
Recoveries	2	18
Provision	29	55
Allowance for Loan Losses: Ending Balance	68	54
Loans: Ending Balance	5,719	6,075
ALL	-68	-54
Loans, net	5,651	6,021
Ending balance: Individually evaluated	91	13
Ending balance: Collectively evaluated	5,628	6,062
Municipal Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans: Ending Balance	22,073	22,964
Loans, net	22,073	22,964
Ending balance: Collectively evaluated	22,073	22,964
Not Specifically Allocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance	555	755
Provision	218	-200
Allowance for Loan Losses: Ending Balance	773	555
ALL	-773	-555
Loans, net	($773)	($555)

Loans_Schedule_Of_Past_Due_Loa

Loans (Schedule Of Past Due Loans) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	$2,321	$1,355
90 Days & Over or on Non-accrual	5,731	5,155
Total	8,052	6,510
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	175
Total	175
Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	602	313
90 Days & Over or on Non-accrual	967	849
Total	1,569	1,162
Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	1,526	996
90 Days & Over or on Non-accrual	3,909	3,461
Total	5,435	4,457
Commercial - Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	6	11
90 Days & Over or on Non-accrual	826	832
Total	832	843
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 Days Past Due (accruing)	12	35
90 Days & Over or on Non-accrual	29	13
Total	$41	$48

Loans_Breakdown_Of_Loans_By_Ri

Loans (Breakdown Of Loans By Risk Grading) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	$494,061,000		$498,728,000
Gross loans	672,764,000		679,858,000
Deferred Origination Fees, net of costs	-491,000		-501,000
Loans: Ending Balance	672,273,000		679,357,000
Percent of Total Loans	100.00%		100.00%
Charge-offs	300,000		1,283,000
0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	435,858,000		436,614,000
Gross loans	610,298,000		613,505,000
Percent of Total Loans	90.70%		90.20%
0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	33,422,000		36,236,000
Gross loans	35,897,000		38,505,000
Percent of Total Loans	5.30%		5.70%
Increase (decrease) in loan balances	-2,600,000
Loan payments and payoffs	3,200,000
Proceeds from sale of loan collateral	2,500,000
0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	6,345,000		7,655,000
Gross loans	6,547,000		8,069,000
Percent of Total Loans	1.00%		1.20%
Increase (decrease) in loan balances	-1,500,000
Loan payments and payoffs	600,000
0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	18,436,000	[1]	18,223,000
Gross loans	20,022,000	[1]	19,779,000
Percent of Total Loans	3.00%		2.90%
Increase (decrease) in loan balances	200,000
Loan payments and payoffs	600,000
Charge-offs	300,000
0007 Rated Loans Not Impaired [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans	7,400,000		6,000,000
Commercial - Syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	65,040,000		65,429,000
Gross loans	65,040,000		65,429,000
Loans: Ending Balance	65,040,000		65,429,000
Charge-offs			178,000
Commercial - Syndicated [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	60,490,000		60,694,000
Commercial - Syndicated [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	4,550,000		4,735,000
Commercial - Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	83,815,000		88,045,000
Gross loans	83,815,000		88,045,000
Loans: Ending Balance	83,815,000		88,045,000
Charge-offs	15,000		116,000
Commercial - Other [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	77,646,000		81,530,000
Commercial - Other [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	4,360,000		4,224,000
Commercial - Other [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	771,000		1,240,000
Commercial - Other [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	1,038,000	[1]	1,051,000
Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	311,725,000		304,446,000
Gross loans	311,725,000		304,446,000
Loans: Ending Balance	311,234,000		303,945,000
Charge-offs	268,000		656,000
Real Estate - Commercial [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	266,422,000		255,711,000
Real Estate - Commercial [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	22,524,000		26,124,000
Real Estate - Commercial [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	5,572,000		5,632,000
Real Estate - Commercial [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	17,207,000	[1]	16,979,000
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	33,481,000		40,808,000
Gross loans	33,481,000		40,808,000
Loans: Ending Balance	33,481,000		40,808,000
Charge-offs			162,000
Construction [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	31,300,000		38,679,000
Construction [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	1,988,000		1,153,000
Construction [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	2,000		783,000
Construction [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	191,000	[1]	193,000
Real Estate - Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	150,911,000		152,091,000
Gross loans	150,911,000		152,091,000
Loans: Ending Balance	150,911,000		152,091,000
Charge-offs			88,000
Real Estate - Mortgage [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	147,680,000		148,835,000
Real Estate - Mortgage [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	1,533,000		1,299,000
Real Estate - Mortgage [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	202,000		414,000
Real Estate - Mortgage [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	1,496,000	[1]	1,543,000
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	5,719,000		6,075,000
Gross loans	5,719,000		6,075,000
Loans: Ending Balance	5,719,000		6,075,000
Charge-offs	17,000		83,000
Consumer [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	5,629,000		6,062,000
Consumer [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	90,000	[1]	13,000
Municipal Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	22,073,000		22,964,000
Gross loans	22,073,000		22,964,000
Loans: Ending Balance	22,073,000		22,964,000
Municipal Loans [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	21,131,000		21,994,000
Municipal Loans [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans	942,000		970,000
Upgraded From Risk Categories 0006B And 0007 [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances	1,100,000
Downgraded From Categories 0001 To 0005 [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances	-600,000
Downgraded From Categories 0001 To 0005 [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances	100,000
Upgraded To Risk Category 0006A [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances	-1,000,000
Downgraded From Risk Category 0006A [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances	$1,100,000
[1]	Included in the 0007 risk grading are $7.4 million of loans that are evaluated but not considered impaired because, in the event of default, no loss is expected, therefore they are included in loans that are collectively evaluated for the general AFLL allocation.

Allowance_For_Loan_Losses_ALL_1

Allowance For Loan Losses ("ALL") (Schedule Of Information Regarding Impaired Loans) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	$1,890	$1,451
With an allowance recorded: Unpaid principal balance	3,453	2,812
With an allowance recorded: Related allowance	1,563	1,361
With no related allowance recorded: Recorded Investment	9,185	10,999
With no related allowance recorded: Unpaid principal balance	9,185	10,999
Total: Recorded investment	11,075	12,450
Total: Unpaid principal balance	12,638	13,811
Average recorded investment during quarter	11,856	14,202
Interest income recognized while impaired	75	356
Construction [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment during quarter		408
Real Estate - Mortgage [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	156	83
With an allowance recorded: Unpaid principal balance	290	168
With an allowance recorded: Related allowance	134	85
With no related allowance recorded: Recorded Investment	677	681
With no related allowance recorded: Unpaid principal balance	677	681
Total: Recorded investment	833	764
Total: Unpaid principal balance	967	849
Average recorded investment during quarter	900	532
Interest income recognized while impaired	1	5
Real Estate - Commercial [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	1,668	1,367
With an allowance recorded: Unpaid principal balance	2,458	2,008
With an allowance recorded: Related allowance	790	641
With no related allowance recorded: Recorded Investment	8,296	10,093
With no related allowance recorded: Unpaid principal balance	8,296	10,093
Total: Recorded investment	9,964	11,460
Total: Unpaid principal balance	10,754	12,101
Average recorded investment during quarter	10,359	13,031
Interest income recognized while impaired	73	351
Commercial - Syndicated [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid principal balance
With an allowance recorded: Related allowance
With no related allowance recorded: Recorded Investment
With no related allowance recorded: Unpaid principal balance
Total: Recorded investment
Total: Unpaid principal balance
Average recorded investment during quarter
Interest income recognized while impaired
Commercial - Other [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	18
With an allowance recorded: Unpaid principal balance	643	634
With an allowance recorded: Related allowance	625	634
With no related allowance recorded: Recorded Investment	183	214
With no related allowance recorded: Unpaid principal balance	183	214
Total: Recorded investment	201	214
Total: Unpaid principal balance	826	848
Average recorded investment during quarter	514	228
Interest income recognized while impaired	1
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	48	1
With an allowance recorded: Unpaid principal balance	62	2
With an allowance recorded: Related allowance	14	1
With no related allowance recorded: Recorded Investment	29	11
With no related allowance recorded: Unpaid principal balance	29	11
Total: Recorded investment	77	12
Total: Unpaid principal balance	91	13
Average recorded investment during quarter	83	3
Municipal Loans [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid principal balance
With an allowance recorded: Related allowance
With no related allowance recorded: Recorded Investment
With no related allowance recorded: Unpaid principal balance
Total: Recorded investment
Total: Unpaid principal balance
Average recorded investment during quarter
Interest income recognized while impaired
Not Specifically Allocated [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid principal balance
With an allowance recorded: Related allowance
With no related allowance recorded: Recorded Investment
With no related allowance recorded: Unpaid principal balance
Total: Recorded investment
Total: Unpaid principal balance
Average recorded investment during quarter
Interest income recognized while impaired

Allowance_For_Loan_Losses_ALL_2

Allowance For Loan Losses ("ALL") (Schedule Of Nonperforming Loans) (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
	contract	contract
Financing Receivable, Modifications [Line Items]
Restructured loans	$6,907,000	$8,656,000
Increase (decrease) in nonaccrual loans	1,300,000
Remaining balances charged off	300,000	1,283,000
Number of loans restructured	9	10
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
Nonaccrual loans	5,731,000	5,155,000	5,647,000	6,794,000	6,686,000
Restructured loans			256,000	256,000	255,000
Total nonperforming loans ("NPLs")	5,731,000	5,155,000	5,903,000	7,050,000	6,941,000
Payments received	400,000
Remaining balances charged off	300,000
Accruing [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	6,907,000	8,656,000	8,656,000	8,472,000	8,370,000
Number of loans restructured	1
Restructuring of loans for payment schedule changes	100,000
Single Loan [Member]
Financing Receivable, Modifications [Line Items]
Increase (decrease) in nonaccrual loans	$1,100,000

Other_Real_Estate_Owned_Net_Su

Other Real Estate Owned, Net (Summary Of Foreclosed Properties) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Other Real Estate Owned, Net [Abstract]
Beginning balance	$5,093	$8,566
Sale proceeds	-41	-710
Net gain from disposal of other real estate owned	1	24
Valuation allowance related to properties disposed	-36	-405
Total other real estate owned	5,017	7,475
Valuation allowance for losses	-822	-1,996	-827	-2,268
Total other real estate owned	$4,195	$5,479	$4,266

Other_Real_Estate_Owned_Net_Ch

Other Real Estate Owned, Net (Changes In The Valuation Allowance For Losses On Foreclosed Properties) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Other Real Estate Owned, Net [Abstract]
Beginning balance	$827	$2,268
Provision charged to operations	31	133
Amounts related to properties disposed	-36	-405
Balance at end of period	$822	$1,996

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Income Taxes [Abstract]
Deferred income tax asset valuation allowance	$0	$0

Equity_Investment_Details

Equity Investment (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
United Financial Services LLC Owned By Baylake Bank [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in affiliate	49.80%
United Financial Services, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Carrying value of investment in UFS	$4,800,000	$4,600,000
Current book value per share of common stock in UFS	$9,614	$9,279
Other Shareholder Of United Financial Services, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in affiliate	49.80%
Payment to related party shareholder for reimbursement for tax obligations resulting from restructuring transaction	$100,000	$700,000
United Financial Services [Member] | United Financial Services LLC Owned By United Financial Services Inc [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership of subsidiary	50.20%
Baylake Bank [Member] | United Financial Services, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership of subsidiary	99.20%
Number of ownership shares held in UFS	500,000

Mortgage_Servicing_Rights_Summ

Mortgage Servicing Rights (Summary Of Changes In The Carrying Value Of MSRs) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Mortgage Servicing Rights [Abstract]
Balance at beginning of period	$841,000	$967,000
Additions from loans sold with servicing retained	20,000	16,000
Loan payments and payoffs	-18,000	-20,000
Changes in valuation	2,000	-57,000
Fair value of MSRs at the end of period	845,000	906,000
Unpaid principal balance of loans serviced for others	$123,700,000	$125,200,000

Promissory_Notes_Details

Promissory Notes (Details) (USD $)	3 Months Ended	12 Months Ended	0 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Apr. 01, 2015	Oct. 01, 2014	Mar. 31, 2014	Dec. 31, 2010
Debt Instrument [Line Items]
Stated percentage of interest rate on Convertible Notes	10.00%
Convertible Notes, due date	30-Jun-17
Convertible Notes outstanding	$1,075,000	$1,650,000			$9,200,000	$9,500,000
Conversion ratio of principal to shares	0.2
Conversion price per share	$5
Percentage of original principal amount convertible prior to conversion date, maximum	100.00%
Conversion date of convertible notes	1-Oct-14
Percentage of original principal amount	0.5
Amount of Convertible Notes converted	1,100,000	6,100,000
Common shares from conversion of Convertible notes		1,200,000
Subsequent Event [Member]
Debt Instrument [Line Items]
Common shares from conversion of Convertible notes			215,000
Voluntary Conversion [Member]
Debt Instrument [Line Items]
Amount of Convertible Notes converted				1,700,000
Common shares from conversion of Convertible notes				300,000
Mandatory Conversion [Member]
Debt Instrument [Line Items]
Amount of Convertible Notes converted	$600,000
Common shares from conversion of Convertible notes	100,000

Troubled_Debt_Restructuring_Sc

Troubled Debt Restructuring (Schedule Of Accrual And Nonaccrual Status Of Troubled Debt Restructuring) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Financing Receivable, Modifications [Line Items]
31-Dec-13	$8,656,000
Principal payments	-3,000
New restructured	62,000
Transfers out of TDRs	-1,808,000
31-Mar-15	6,907,000
Number of restructured loans	1
Transferred to restructured status	100,000
Loan removed from restructured status	1,800,000
Construction [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs
Transfers to foreclosed properties
31-Mar-15
Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13	8,640,000
Principal payments	-3,000
Transfers out of TDRs	-1,792,000
31-Mar-15	6,845,000
Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13	16,000
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs	-16,000
Transfers to foreclosed properties
31-Mar-15
Consumer [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured	62,000
Transfers out of TDRs
Transfers to foreclosed properties
31-Mar-15	62,000
Accruing [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13	8,656,000	8,656,000	8,472,000	8,370,000
Principal payments	-3,000
Charge-offs
New restructured	62,000
Transfers out of TDRs	-1,808,000
31-Mar-15	6,907,000	8,656,000	8,472,000	8,370,000
Accruing [Member] | Construction [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs
Transfers to nonaccrual
31-Mar-15
Accruing [Member] | Real Estate - Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Charge-offs
Accruing [Member] | Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13	8,640,000
Principal payments	-3,000
Charge-offs
Transfers out of TDRs	-1,792,000
31-Mar-15	6,845,000
Accruing [Member] | Commercial - Syndicated [Member]
Financing Receivable, Modifications [Line Items]
Charge-offs
Accruing [Member] | Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13	16,000
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs	-16,000
Transfers to nonaccrual
31-Mar-15
Accruing [Member] | Consumer [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured	62,000
Transfers out of TDRs
Transfers to nonaccrual
31-Mar-15	62,000
Accruing [Member] | Municipal Loans [Member]
Financing Receivable, Modifications [Line Items]
Charge-offs
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13		256,000	256,000	255,000
New restructured
31-Mar-15		256,000	256,000	255,000
Nonaccrual [Member] | Construction [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured
Transfers to foreclosed properties
Transfers from accruing
31-Mar-15
Nonaccrual [Member] | Real Estate - Mortgage [Member]
Financing Receivable, Modifications [Line Items]
New restructured
Nonaccrual [Member] | Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
New restructured
Nonaccrual [Member] | Commercial - Syndicated [Member]
Financing Receivable, Modifications [Line Items]
New restructured
Nonaccrual [Member] | Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured
Transfers to foreclosed properties
Transfers from accruing
31-Mar-15
Nonaccrual [Member] | Consumer [Member]
Financing Receivable, Modifications [Line Items]
31-Dec-13
Principal payments
Charge-offs
Advances
New restructured
Transfers to foreclosed properties
Transfers from accruing
31-Mar-15
Nonaccrual [Member] | Municipal Loans [Member]
Financing Receivable, Modifications [Line Items]
New restructured

Troubled_Debt_Restructuring_Su

Troubled Debt Restructuring (Summary Of Troubled Debt Restructurings) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
	contract	contract
Financing Receivable, Modifications [Line Items]
Number of Modifications	9	10
Recorded Investment	$6,907	$8,656
Construction [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications
Recorded Investment
Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	8	9
Recorded Investment	6,845	8,640
Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications		1
Recorded Investment		16
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications	1
Recorded Investment	$62

Troubled_Debt_Restructuring_Su1

Troubled Debt Restructuring (Summary Of Troubled Debt Restructurings By Restructure Type) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Financing Receivable, Modifications [Line Items]
Total	$6,907	$8,656
Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total	6,620
Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Total	287
Accruing [Member]
Financing Receivable, Modifications [Line Items]
Total	6,907	8,656	8,656	8,472	8,370
Accruing [Member] | Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total	6,620
Accruing [Member] | Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Total	287
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
Total			256	256	255
Nonaccrual [Member] | Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total
Nonaccrual [Member] | Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Total

Commitments_And_Contingencies_1

Commitments And Contingencies (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	$242,135,000	$228,521,000
Unused Home Equity Line Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	59,496,000	59,163,000
One To Four Family Residential Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	1,119,000	2,606,000
Residential Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	2,749,000	3,014,000
Commitments Unused On Commercial Lines Of Credit Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	169,263,000	154,405,000
Commitments Unused On Consumer Lines Of Credit Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	9,508,000	9,333,000
Financial Standby Letters of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	29,874,000	9,757,000
Origination of standby letter of credit	20,000,000
Financial Standby Letters of Credit [Member] | Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum limit of amount of letter of credit	20,000,000
Financial Standby Letters of Credit [Member] | Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum limit of amount of letter of credit	$40,000,000