Baylake (BYLK) 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Entity Registrant Name	BAYLAKE CORP
Entity Central Index Key	275,119
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,320,255

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from financial institutions	$ 31,884	$ 60,189
Federal funds sold	3,401	1,176
Securities held to maturity, at amortized cost	25,550	25,612
Securities available for sale, at fair value	161,750	182,912
Loans held for sale	1,292	1,290
Loans, net of allowance of $6,956 at June 30, 2015 and $7,051 at December 31, 2014	679,064	672,306
Cash surrender value of life insurance	23,569	23,587
Premises and equipment, net	19,985	20,206
Premises and equipment held for sale	844	844
Federal Home Loan Bank stock	4,238	4,238
Other real estate owned, net	4,022	4,266
Goodwill	7,222	7,222
Deferred income taxes, net	4,652	4,707
Accrued interest receivable	2,775	2,559
Other assets	10,332	10,509
Total Assets	980,580	1,021,623
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing	165,432	153,113
Interest-bearing	593,146	612,429
Total Deposits	758,578	765,542
Federal Home Loan Bank advances	53,625	60,455
Repurchase agreements	36,639	64,869
Subordinated debentures	16,100	16,100
Convertible promissory notes		1,650
Accrued expenses and other liabilities	7,232	7,503
Total Liabilities	$ 872,174	$ 916,119
Commitments and Contingencies - Note 15
Common stock, $5 par value, authorized 50,000,000 shares; Issued-10,158,768 at June 30, 2015 and 9,777,834 shares shares at December 31, 2014; Outstanding-9,320,255 at June 30, 2015 and 9,054,821 shares shares at December 31, 2014	$ 50,794	$ 48,889
Additional paid-in capital	12,801	12,654
Retained earnings	54,232	51,123
Treasury stock 838,513 shares at June 30, 2015 and 723,013 shares at December 31, 2014	(10,943)	(9,497)
Accumulated other comprehensive income	1,522	2,335
Total Stockholders' Equity	108,406	105,504
Total Liabilities and Stockholders' Equity	$ 980,580	$ 1,021,623

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Loans, allowance	$ 6,956	$ 7,051
Common stock, par value	$ 5	$ 5
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	10,158,768	9,777,834
Common stock, shares outstanding	9,320,255	9,054,821
Treasury stock, shares	838,513	723,013

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INTEREST AND DIVIDEND INCOME
Loans, including fees	$ 7,315	$ 7,157	$ 14,462	$ 14,036
Taxable securities	1,181	1,249	2,295	2,499
Tax exempt securities	334	370	699	743
Federal funds sold	11	19	28	29
Total Interest and Dividend Income	8,841	8,795	17,484	17,307
INTEREST EXPENSE
Deposits	327	406	675	826
Repurchase agreements	12	24	37	50
Federal Home Loan Bank advances and other	281	241	497	414
Subordinated debentures	66	65	131	129
Convertible promissory notes		213	27	452
Total Interest Expense	686	949	1,367	1,871
Net interest income before provision for loan losses	8,155	7,846	16,117	15,436
Provision for loan losses			200
Net interest income after provision for loan losses	8,155	7,846	15,917	15,436
NONINTEREST INCOME
Fees from fiduciary activities	314	252	597	504
Fees from loan servicing	142	138	295	300
Fees from financial services to customers	268	252	540	518
Fees for other services to customers	966	867	1,846	1,664
Net gain on sale of loans	280	126	484	253
Net change in valuation of mortgage servicing net of payments and payoffs	(7)	(57)	(23)	(134)
Net realized gain on sale of securities	78	92	252	161
Net gains on sale of premises and equipment		5		5
Increase in cash surrender value of life insurance	94	124	185	202
Income in equity of UFS subsidiary	369	288	687	582
Other noninterest income	63	79	95	127
Total Noninterest Income	2,567	2,166	4,958	4,182
NONINTEREST EXPENSE
Salaries and employee benefits	4,315	4,389	8,660	8,456
Occupancy expense	550	514	1,117	1,074
Equipment expense	332	341	681	654
Data processing and courier expense	232	195	463	403
FDIC insurance expense	151	151	297	300
Operation of other real estate	152	141	239	307
Loan and collection expense	21	18	34	37
Other outside services	279	291	603	626
Audit and legal expense	233	152	418	329
Costs relating to subsidiary tax strategy	163		163
Other noninterest expenses	819	802	1,650	1,576
Total Noninterest Expense	7,247	6,994	14,325	13,762
Income before provision for income taxes	3,475	3,018	6,550	5,856
Provision for income taxes	1,093	859	1,961	1,632
Net Income	$ 2,382	$ 2,159	$ 4,589	$ 4,224
Basic earnings per share	$ 0.26	$ 0.27	$ 0.50	$ 0.54
Diluted earnings per share	0.25	0.24	0.49	0.47
Cash dividends paid per share	$ 0.08	$ 0.07	$ 0.16	$ 0.14

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Comprehensive Income [Abstract]
Net Income	$ 2,382	$ 2,159	$ 4,589	$ 4,224
Other comprehensive income, net of tax
Net unrealized holding gains arising during the period	2,204	1,610	(1,085)	2,596
Less: reclassification adjustment for gains included in net income	(78)	(92)	(252)	(161)
Tax effect	(834)	(595)	524	(955)
Other comprehensive income	1,292	923	(813)	1,480
Comprehensive income	$ 3,674	$ 3,082	$ 3,776	$ 5,704

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Stockholders' Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income [Member]	Total
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			4,589			4,589
Net changes in unrealized gains on securities available for sale					(1,085)	(1,085)
Reclassification adjustment for net gains realized in income					(252)	(252)
Tax effect					524	524
Comprehensive income						3,776
Purchase of treasury stock, Amount				(1,446)		(1,446)
Purchase of treasury stock, Shares	(115,500)
Stock based compensation expense recognized, net		212				212
Vesting of RSUs, Amount	$ 178	(178)
Vesting of RSUs, Shares	35,556
Tax benefit from vesting of RSUs		81				81
Exercise of stock options, Amount	$ 77	34				111
Exercise of stock options, Shares	15,378
Tax expense from forfeiture of unexercised stock options/RSUs		(2)				(2)
Conversion of debentures, Amount	$ 1,650					1,650
Conversion of debentures, Shares	330,000
Cash dividends - ($0.16 per share)			(1,480)			(1,480)
Balance at Jun. 30, 2015	$ 50,794	$ 12,801	$ 54,232	$ (10,943)	$ 1,522	$ 108,406
Balance, Shares at Jun. 30, 2015	9,320,255

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statement Of Changes In Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.08	$ 0.07	$ 0.16	$ 0.14

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of net income to net cash provided by operating activities:
Net Income	$ 4,589	$ 4,224
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	642	655
Amortization of debt issuance costs		17
Amortization of core deposit intangible	11	10
Provision for loan losses	200
Net amortization of premium/discount on securities	846	841
Increase in cash surrender value of life insurance	(185)	(202)
Net realized gain on sale of securities	(252)	(161)
Net gain on sale of loans	(484)	(253)
Proceeds from sale of loans held for sale	25,527	12,720
Origination of loans held for sale	(25,099)	(11,863)
Change in valuation of mortgage servicing rights, net of payments and payoffs	23	134
Provision for valuation allowance on other real estate owned	99	201
Net (gains) losses on sale of premises and equipment		(5)
Net gain on disposals of other real estate owned	(6)	(43)
Provision for deferred income tax expense	579	679
Stock-based compensation expense	212	168
Forfeiture of options not exercised and RSUs not vested		(6)
Tax (expense) benefit from exercise/forfeiture of options	(2)	5
Income in equity of UFS subsidiary	(687)	(582)
Changes in assets and liabilities:
Accrued income taxes	208	383
Accrued interest receivable and other assets	326	(309)
Income tax refunds		(173)
Accrued expenses and other liabilities	(271)	(59)
Net cash provided by operating activities	6,276	6,381
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of securities available for sale	11,408	3,773
Principal payments on securities available for sale	20,197	16,332
Purchase of securities held to maturity		(10,456)
Purchase of securities available for sale	(12,312)	(3,973)
Purchase of FHLB stock		(640)
Proceeds from sale of other real estate owned	196	1,162
Proceeds from sale of premises and equipment	23	82
Proceeds from life insurance death benefit	203
Loan originations and payments, net	(7,003)	(12,149)
Additions to premises and equipment	(444)	(637)
Net change in federal funds sold	(2,225)	(794)
Dividend from UFS Subsidiary	134	276
Net cash provided in purchase or sale of branches		12,086
Net cash provided by (used in) investing activities	10,177	5,062
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	(6,964)	(21,698)
Net change in repurchase agreements	(28,230)	(17,678)
Repayments on Federal Home Loan Bank advances	(16,830)	(18,015)
Proceeds from Federal Home Loan Bank advances	10,000	50,300
Tax benefit from vesting of restricted stock units	81	92
Proceeds from exercise of stock options	111	7
Purchase of treasury stock	(1,446)	(2,858)
Cash dividends paid	(1,480)	(1,100)
Net cash used in financing activities	(44,758)	(10,950)
Net change in cash	(28,305)	493
Beginning cash	60,189	76,179
Ending cash	31,884	76,672
Supplemental cash flow information:
Interest paid	1,368	1,865
Income taxes paid (refunded), net	1,070	652
Supplemental noncash disclosure:
Transfers from loans to other real estate owned	45	75
Mortgage servicing rights resulting from sale of loans	54	31
Conversion of debentures to equity	$ 1,650	$ 1,225

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 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 and six month periods ending June 30, 2015 and 2014 necessary to make the consolidated financial information not misleading. The consolidated results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of results to be expected for the entire year. Management of the Company has evaluated all subsequent events to July 31, 2015, the date the interim consolidated financial statements were issued, and determined that all subsequent events have been recognized and disclosed in the accompanying consolidated financial statements through the date of this report.

Use Of Estimates

Use Of Estimates	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2015 (Dollar amounts in thousands, except per share data) EARNINGS PER SHARE Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (Numerator): Net income available to common stockholders $ $ $ $ Plus: Income impact of assumed conversions Interest on 10% convertible debentures, net of income tax - Income available to common stockholders plus assumed conversions $ $ $ $ (Denominator): Weighted average number of common shares outstanding-basic Plus: Incremental shares of assumed conversions: Dilutive effect of stock options (1) Dilutive effect of restricted stock units (2) Dilutive effect of convertible promissory notes (3) - Dilutive potential common shares Adjusted weighted-average shares Basic Earnings Per Share $ $ $ $ Diluted Earnings Per Share $ $ $ $ (1) For the three and six months ended June 30, 2015 and 2014, respectively, there were 114,197 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 three and six months ended June 30, 2015 and 2014, respectively, there were 9,767 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 June 30, 2014, the Company had $8.2 million of outstanding convertible notes (the “Convertible Notes”). The Convertible Notes were 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 could 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 would be payable at maturity on June 30, 2017. At June 30, 2014, the entire 1,635,000 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 and six months ended June 30, 2014 exceeded the conversion price of $5.00 per share. On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion. Therefore, a t June 30, 2015, the Company had no outstanding Convertible Notes.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	4. Recent Accounting Pronouncement In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2015-08 Business Combinations (Topic 805): Pushdown Accounting – Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115. Amendments in this update amend SEC paragraphs pursuant to Staff Accounting Bulletin (“SAB”) No. 115, which supersedes several paragraphs in ASC 805-50 in response to the SEC’s November 2014 publication of SAB 115.The SEC issued SAB 115 in connection with the release of FASB ASU No. 2014-17, “Pushdown Accounting.” This guidance is effective immediately. 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 April 2015, the FASB issued 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 U.S. 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. BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 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. 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 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	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Fair Value	5. Fair Value Accounting guidance establishes a fair value hierarchy that 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 June 30, 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 June 30, 2015 (Dollar amounts in thousands) ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Assets measured at fair value on a recurring basis are summarized below: June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale: U.S. government-sponsored agency securities $ $ – $ $ – Mortgage-backed securities – Obligations of states and political subdivisions – – Private placement and corporate bonds – – Other securities – – Total securities available for sale – Mortgage servicing rights – – Total $ $ – $ $ December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale: U.S. government-sponsored agency securities $ $ – $ $ – Mortgage-backed securities – Obligations of states and political subdivisions – – Private placement and corporate bonds – – Other securities – – Total securities available for sale – Mortgage servicing rights – – Total $ $ – $ $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) 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 June 30, 2015 For the six months ended June 30, 2015 Balance, beginning of period $ $ Other comprehensive gain Principal payments Balance, end of period $ $ ASSETS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS Assets measured at fair value on a non-recurring basis are summarized below: June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans with allocated allowances $ $ – $ – $ Other real estate owned, net – – Total $ $ – $ – $ December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans with allocated allowances $ $ – $ – $ Other real estate owned, net – – Total $ $ – $ – $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) 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: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value FINANCIAL ASSETS Cash and due from financial institutions $ $ $ $ Federal funds sold Securities held to maturity Securities available for sale Loans held for sale Loans, net Federal Home Loan Bank stock Mortgage servicing rights Other real estate owned, net Accrued interest receivable FINANCIAL LIABILITIES Deposits $ $ $ $ Federal Home Loan Bank advances Repurchase agreements Subordinated debentures Convertible promissory notes - - Accrued interest payable 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 June 30, 2015 (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	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Investments	6. Investments INVESTMENT SECURITY ANALYSIS 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 June 30, 2015 and December 31, 2014 are as follows: June 30, 2015 Fair Value Gross Unrealized Gains Gross Unrealized Losses Securities Available for Sale: U.S. government-sponsored agency securities $ $ $ – Mortgage-backed securities Obligations of states and political subdivisions Private placement and corporate bonds – Other securities – – Total Securities Available for Sale $ $ $ Securities Held to Maturity: Mortgage-backed securities $ $ $ – Private placement and corporate bonds – Total Securities Held to Maturity $ $ $ – Total Investment Securities $ $ $ December 31, 2014 Fair Value Gross Unrealized Gains Gross Unrealized Losses Securities Available for Sale: U.S. government-sponsored agency securities $ $ — $ Mortgage-backed securities Obligations of states and political subdivisions Private placement and corporate bonds — Other securities — — Total Securities Available for Sale $ $ $ Securities Held to Maturity: Mortgage-backed securities $ $ $ — Private placement and corporate bonds — Total Securities Held to Maturity $ $ $ — Total Investment Securities $ $ $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLI DATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) At June 30 , 2015 and December 31, 2014, the mortgage-backed securities portfolio s at market value were $116.2 million ( 61.8% ) and $136.8 million ( 65.4% ) , respectively, of the investment portfolios. Approximately 4.0% , or $4.6 million, of the mortgage-backed securities outstanding at June 30 , 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 92.0% , or $ 106.9 million, of the mortgage-backed securities outstanding at June 30, 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 4.0% , or $ 4.7 million of the outstanding mortgage-backed securities at June 30, 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 June 30, 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 follo ws : June 30, 2015 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: Mortgage-backed securities $ $ $ $ $ $ Obligations of states and political subdivisions $ $ Total temporarily impaired $ $ $ $ $ $ December 31, 2014 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 $ – $ – $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired $ $ $ $ $ $ At June 30, 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 three 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 June 30, 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 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. BAYLAKE CORP. NOTES TO UNAUDITED CONSOLI DATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands)

Loans

Loans	6 Months Ended
	Jun. 30, 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: June 30, 2015 December 31, 2014 Construction $ $ Real estate-Residential Real estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax exempt Gross loans Less: Deferred origination fees, net of costs Less: Allowance for loan losses Loans, net $ $ Loans having a carrying value of $140.5 million and $142.0 million are pledged as collateral for borrowings from the FHLB at June 30, 2015 and December 31, 2014, respectively. BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) A breakdown of the allowance for loan losses and recorded investment in loans as of and for the six months ended June 30, 2015 is as follows: Construction Real Estate-Residential Real Estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Total Allowance for Loan Losses: Beginning balance $ $ $ $ $ $ $ – $ $ Charge-offs – – – – Recoveries – – – Provision – Ending balance $ $ $ $ $ $ $ – $ $ Loans: Ending balance $ $ $ $ $ $ $ $ – $ ALL – Recorded Investment $ $ $ $ $ $ $ $ $ Ending balance: Individually evaluated $ – $ $ $ – $ $ $ – $ – $ Collectively evaluated – Total $ $ $ $ $ $ $ $ – $ 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: Construction Real Estate- Residential Real Estate- Commercial Commercial- Syndicated Commercial- Other Consumer Tax Exempt Not Specifically Allocated Total Allowance for Loan Losses: Beginning balance $ $ $ $ $ $ $ — $ $ Charge-offs — — Recoveries — — — Provision — — Ending balance $ $ $ $ $ $ $ — $ $ Loans: Ending balance $ $ $ $ $ $ $ $ — $ ALL — Recorded Investment $ $ $ $ $ $ $ $ $ Ending Balance: Individually evaluated $ — $ $ $ — $ $ $ — $ — $ Collectively evaluated — Total $ $ $ $ $ $ $ $ — $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) A summary of past due loans at June 30, 2015 and December 31, 2014 is as follows: June 30, 2015 30-89 Days Past Due (accruing) 90 Days or More Past Due on Non-accrual Total Construction $ $ — $ Real estate – Residential Real estate – Commercial Commercial-Syndicated — — — Commercial-Other Consumer Tax exempt — — — Total $ $ $ 7,230 December 31, 2014 30-89 Days Past Due (accruing) 90 Days or More Past Due on Non-accrual Total Construction $ — $ — $ — Real estate – Residential Real estate – Commercial Commercial-Syndicated — — — Commercial-Other Consumer Tax exempt — — — Total $ $ $ 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. 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. BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) 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 June 30, 2015: 0001-0005 0006A 0006B 0007 (1) Total Commercial-Syndicated $ $ $ — $ $ Commercial-Other Real estate – Commercial Construction — Real estate - Residential Consumer – — Tax exempt — — Total $ $ $ $ Deferred origination fees, net of costs Total loans $ Percent of Total Loans 91.0 % 5.2 % 0.9 % 2.9 % 100.0% (1) Included in the 0007 risk grading are $8.1 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 June 30, 2015 (Dollar amounts in thousands) Below is a breakdown of loss by risk grading as of December 31, 2014: 0001-0005 0006A 0006B 0007 (2) Total Commercial-Syndicated $ $ $ — $ — $ Commercial-Other Real estate – Commercial Construction Real estate - Residential Consumer — — Tax exempt — — Total $ $ $ $ Deferred origination fees, net of costs Total loans $ Percent of Total Loans 90.2% 5.7% 1.2% 2.9% 100.0% (1) 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 $625.0 million as of June 30, 2015, representing 91.0% 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 $3.1 million since December 31, 2014. The decrease resulted from a $3.6 million loan balance being downgraded to risk category 0007. Additionally, $2.2 million of loan payments and payoffs were received. These reductions were offset in part by $0.8 million of loan balances upgraded from risk categories 0006B and 0007 and $1.9 million of credits downgraded from categories 0001-0005. Loan balances with a risk grading of 0006B have decreased by $1.7 million since December 31, 2014. The decrease resulted primarily from $0.8 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 de creased $0.1 million from December 31, 2014. This decrease resulted froma $3.6 million loan balance downgraded from risk category 0006A. Subsequent to the downgrade from category 0006A, the underlying collateral was sold and the $3.4 million sale proceeds were applied to the loan. Collection is being sought for the remaining $0.2 million outstanding balance from personal guarantees. Additionally, $2.6 million of payments and payoffs were received during the first six months of 2015. Offsetting these reductions are $3.6 million of loan balances downgraded; $3.4 million from categories 0001-0005 and $0.2 million from categories 0006A and 0006B. Included in the downgrades from categories 0001-0005 is a syndicated loan in the amount of $2.8 million.

Allowance For Loan Losses ("ALL

Allowance For Loan Losses ("ALL")	6 Months Ended
	Jun. 30, 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 June 30, 2015 (Dollar amounts in thousands) 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 as of June 30, 2015 is as follo ws : IMPAIRED LOANS AND ALLOCATED ALLOWANCE June 30, 2015 Construction Real Estate- Residential Real Estate - Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Totals With an allowance recorded: Recorded investment $ – $ $ $ – $ – $ $ – $ – $ Unpaid principal balance – – – – Related Allowance – – – – With no related allowance recorded: Recorded investment $ – $ $ $ – $ $ $ – $ – $ Unpaid principal balance – – – – Related Allowance – – – – – – – – – Total: Recorded investment $ – $ $ $ – $ $ $ – $ – $ Unpaid principal balance – – – – Related allowance – – – – Average recorded investment during quarter $ – $ $ $ – $ $ $ – $ – $ Interest income recognized while impaired during the period $ – $ $ $ – $ $ – $ – $ – $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) Information regarding impaired loans as of December 31, 2014 is as follows: IMPAIRED LOANS AND ALLOCATED ALLOWANCE December 31, 2014 Construction Real Estate- Residential Real Estate- Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Totals With an allowance recorded: Recorded investment $ — $ $ $ — $ — $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — With no related allowance recorded: Recorded investment $ — $ $ $ — $ $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — — — — — — Total: Recorded investment $ — $ $ $ — $ $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — Average recorded investment during quarter $ $ $ $ — $ $ $ — $ — $ Interest income recognized while impaired during the period $ — $ $ $ — $ — $ — $ — $ — $ Management regularly monitors impaired loan relationships. In the event facts and circumstances change, an additional PFLL may be necessary. Nonperforming loans are as follo ws : NONPERFORMING LOANS June 30, 2015 March 31, 2015 December 31, 2014 September 30, 2014 June 30, 2014 Nonaccrual loans $ $ $ $ $ Loans restructured in a troubled debt restructuring, nonaccrual - - Total nonperforming loans (“NPLs”) $ $ $ $ $ Restructured loans, accruing $ $ $ $ $ During the quarter ended June 30, 2015 , $0.3 million of additional loan balances became nonaccrual, of which $0.1 million related to a single relationship. This increase was offset by $0.9 million of payments received during the second quarter of 2015, $0.1 million in loans brought current , and $0.2 million of nonaccrual loan balances charged off. One nonaccrual loan was transferred to other real estate owned during the second quarter of 2015, totaling less than $0.1 million. During the quarter ended June 30, 2015, one restructured loan of $0.1 million was changed to nonaccrual status. This loan was restructured during the quarter ended March 31, 2015, but had continued to accrue interest under its restructured terms. No loans were restructured during the second quarter of 2015.

Other Real Estate Owned, Net

Other Real Estate Owned, Net	6 Months Ended
	Jun. 30, 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: For the six months ended June 30, 2015 2014 Beginning balance $ $ Transfer of net realizable value to other real estate owned Sale proceeds Net gain from disposal of other real estate owned Valuation allowance related to properties disposed Total other real estate owned Valuation allowance for losses Total other real estate owned, net $ $ Changes in the valuation allowance for losses on total other real estate owned were as follows: For the six months ended June 30, 2015 2014 Beginning balance $ $ Provision charged to operations Amounts related to properties disposed Balance at end of period $ $ The foreclosure process commences on consumer real estate loans when a borrower becomes 120 or greater days delinquent in accordance with Consumer Finance Protection Bureau suggested guidelines. Foreclosure procedures and timelines may vary depending on a variety of factors, including where the property resides. At both June 30, 2015 and December 31, 2014, the recorded investment in consumer mortgage loans that were in the process of foreclosure was $0.3 million. Additionally, $0.2 million at June 30, 2015 and $0.3 million at December 31, 2014 of loans serviced for and guaranteed by FHLMC were in the process of foreclosure. Although these loans continue to be serviced by the Bank, these loans are sold to FHLMC once originated and therefore, no balances are included in the Company’s balance sheet. Consumer mortgage properties are derecognized as mortgage loans and classified as Other Real Estate Owned when the Bank has control of the property, regardless of whether legal title has been transferred in the completed foreclosure process. At both June 30, 2015 and December 31, 2014, titles relating to all of the consumer mortgage loan properties classified as Other Real Estate Owned had been transferred to the Company.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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. BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands, except per share data) 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 June 30, 2015 and December 31, 2014, the Company determined that no valuation allowance was required to be taken against the deferred income tax asset. 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	6 Months Ended
	Jun. 30, 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.” UFS, Inc. owns a 50.2% profits interest in UFS, LLC. Under the new structure, the Bank owns a 49.8% indirect profits interest in UFS, LLC through its 99.2% ownership o f UFS, Inc. As part of the transaction, the Bank paid $0.7 million to UFS, LLC’s other 49.8% shareholder during the fourth quarter of 2014 as reimbursement from the disproportionate share of tax obligations borne by that shareholder resulting from the overall restructuring transaction. Approximately $0.1 million of that reimbursement was returned to the Bank in the first quarter of 2015 due to a revision of the amount calculated. The transaction was settled during the second quarter of 2015 with the Bank making a $ 0.2 million additional reimbursement to the other shareholder as the tax calculations for the transaction were finalized. 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 in UFS. As dividends are received from UFS, Inc. the Bank’s investment is reduced. The carrying value of the Bank’s investment in UFS, Inc. was $4.9 million at June 30, 2015 and $4.6 million at December 31, 2014. The book value of UFS, Inc. was approximately $9,893 per share and $9,279 per share at June 30, 2015 and December 31, 2014, respectively.

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2015
Mortgage Servicing Rights [Abstract]
Mortgage Servicing Rights	BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) 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. Changes in the carrying value of MSRs are as follows: MORTGAGE SERVICING RIGHTS For the three months ended June 30, 2015 For the six months ended June 30, 2014 2015 2014 2015 2014 Balance at beginning of period $ $ $ $ Additions from loans sold with servicing retained Loan payments and payoffs Changes in valuation Fair value of MSRs at the end of period $ $ $ $ Unpaid principal balance of loans serviced for others was $124.7 million and $ 123.4 million at June 30, 2015 and June 30, 2014, respectively.

Promissory Notes

Promissory Notes	6 Months Ended
	Jun. 30, 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 accrued interest at a fixed rate of 10% per annum upon issuance and until maturity or earlier conversion or redemption. Interest was payable quarterly, in arrears, on January 1, April 1, July 1, and October 1 of each year. The Convertible Notes were 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 could 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 superseded and took 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 were not converted was payable at maturity on June 30, 2017. Beginning January 1, 2014, the Company began redeeming Convertible Notes at the investors’ option under the terms described in the preceding paragraph. In 2014, $6.1 million of Convertible Notes converted into 1,220,000 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 330,000 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 115,000 shares of the Company’s common stock at the option of the holder. On April 1, 2015, the remaining $1.1 million of Convertible Notes were converted in full under the voluntary conversion provisions into 215,000 shares of the Company’s Common Stock, resulting in no remaining outstanding Convertible Notes at June 30, 2015.

Troubled Debt Restructuring

Troubled Debt Restructuring	6 Months Ended
	Jun. 30, 2015
Troubled Debt Restructuring [Abstract]
Troubled Debt Restructuring	BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) 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. Changes in TDRs for the six months ended June 30, 2015 are as follows: Construction Real Estate-Residential Real Estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Total Accruing January 1, 2015 $ – $ – $ $ – $ $ – $ – $ Principal payments – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – Transfers out of TDRs – – – – – Transfers to nonaccrual – – – – – – June 30, 2015 $ – $ – $ $ – $ – $ – $ – $ Nonaccrual January 1, 2015 $ – $ – $ – $ – $ – $ – $ – $ – Principal payments – – – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – – – Transfers to other real estate owned – – – – – – – – Transfers from accruing – – – – – – June 30, 2015 $ – $ – $ – $ – $ – $ $ – $ Totals January 1, 2015 $ – $ – $ $ – $ $ – $ – $ Principal payments – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – Transfers out of TDRs – – – – – Transfers to other real estate owned – – – – – – – – June 30, 2015 $ – $ – $ $ – $ – $ $ – $ During the first quarter of 2015, one loan totaling $0.1 million was restructured and was subsequently transferred to nonaccrual status during the quarter ended June 30, 2015 . Also during the six months ended June 30, 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 June 30, 2015 (Dollar amounts in thousands) A summary of troubled debt restructurings as of June 30, 2015 and December 31, 2014 is as follows: June 30, 2015 December 31, 2014 Number of Modifications Recorded Investment Number of Modifications Recorded Investment Construction — $ — — $ — Real estate – Residential — — — — Real estate – Commercial Commercial-Syndicated — — — — Commercial-Other — — Consumer — — Tax exempt — — — — Total $ $ A summary of trouble d debt restructurings as of June 30, 2015 by restructure type is as follows : Accruing Nonaccruing Total Payment schedule changes $ $ $ Interest rate reduction – Total $ $ $

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 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 June 30, 2015 December 31, 2014 Commitments to fund unused home equity line loans $ $ Commitments to fund 1-4 family loans Commitments to fund residential real estate construction loans Commitments unused on commercial lines of credit loans Commitments unused on consumer lines of credit loans Total commitments to extend credit $ $ Financial standby letters of credit $ $ The increase in financial standby letters of credit during the first six months of 2015 resulted from origination of a 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 directly pledging of investment securities to specific customers. Under th e agreement with this customer, 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. At June 30, 2015, this LOC was $30 million.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	EARNINGS PER SHARE Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 (Numerator): Net income available to common stockholders $ $ $ $ Plus: Income impact of assumed conversions Interest on 10% convertible debentures, net of income tax - Income available to common stockholders plus assumed conversions $ $ $ $ (Denominator): Weighted average number of common shares outstanding-basic Plus: Incremental shares of assumed conversions: Dilutive effect of stock options (1) Dilutive effect of restricted stock units (2) Dilutive effect of convertible promissory notes (3) - Dilutive potential common shares Adjusted weighted-average shares Basic Earnings Per Share $ $ $ $ Diluted Earnings Per Share $ $ $ $ (1) For the three and six months ended June 30, 2015 and 2014, respectively, there were 114,197 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 three and six months ended June 30, 2015 and 2014, respectively, there were 9,767 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 June 30, 2014, the Company had $8.2 million of outstanding convertible notes (the “Convertible Notes”). The Convertible Notes were 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 could 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 would be payable at maturity on June 30, 2017. At June 30, 2014, the entire 1,635,000 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 and six months ended June 30, 2014 exceeded the conversion price of $5.00 per share. On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion. Therefore, a t June 30, 2015, the Company had no outstanding Convertible Notes.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Assets Measured At Fair Value On A Recurring Basis	June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale: U.S. government-sponsored agency securities $ $ – $ $ – Mortgage-backed securities – Obligations of states and political subdivisions – – Private placement and corporate bonds – – Other securities – – Total securities available for sale – Mortgage servicing rights – – Total $ $ – $ $ December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale: U.S. government-sponsored agency securities $ $ – $ $ – Mortgage-backed securities – Obligations of states and political subdivisions – – Private placement and corporate bonds – – Other securities – – Total securities available for sale – Mortgage servicing rights – – Total $ $ – $ $
Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs	For the three months ended June 30, 2015 For the six months ended June 30, 2015 Balance, beginning of period $ $ Other comprehensive gain Principal payments Balance, end of period $ $
Assets Measured At Fair Value On A Non-Recurring Basis	ASSETS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS Assets measured at fair value on a non-recurring basis are summarized below: June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans with allocated allowances $ $ – $ – $ Other real estate owned, net – – Total $ $ – $ – $ December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans with allocated allowances $ $ – $ – $ Other real estate owned, net – – Total $ $ – $ – $
Required Financial Disclosures About Fair Value Of Financial Instruments	June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value FINANCIAL ASSETS Cash and due from financial institutions $ $ $ $ Federal funds sold Securities held to maturity Securities available for sale Loans held for sale Loans, net Federal Home Loan Bank stock Mortgage servicing rights Other real estate owned, net Accrued interest receivable FINANCIAL LIABILITIES Deposits $ $ $ $ Federal Home Loan Bank advances Repurchase agreements Subordinated debentures Convertible promissory notes - - Accrued interest payable

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2015
Investments [Abstract]
Fair Value Of Securities Available For Sale And Related Unrealized Gains And Losses	June 30, 2015 Fair Value Gross Unrealized Gains Gross Unrealized Losses Securities Available for Sale: U.S. government-sponsored agency securities $ $ $ – Mortgage-backed securities Obligations of states and political subdivisions Private placement and corporate bonds – Other securities – – Total Securities Available for Sale $ $ $ Securities Held to Maturity: Mortgage-backed securities $ $ $ – Private placement and corporate bonds – Total Securities Held to Maturity $ $ $ – Total Investment Securities $ $ $ December 31, 2014 Fair Value Gross Unrealized Gains Gross Unrealized Losses Securities Available for Sale: U.S. government-sponsored agency securities $ $ — $ Mortgage-backed securities Obligations of states and political subdivisions Private placement and corporate bonds — Other securities — — Total Securities Available for Sale $ $ $ Securities Held to Maturity: Mortgage-backed securities $ $ $ — Private placement and corporate bonds — Total Securities Held to Maturity $ $ $ — Total Investment Securities $ $ $
Securities In Unrealized Loss Positions Aggregated By Investment Category And Length Of Time In Loss Position	June 30, 2015 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: Mortgage-backed securities $ $ $ $ $ $ Obligations of states and political subdivisions $ $ Total temporarily impaired $ $ $ $ $ $ December 31, 2014 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 $ – $ – $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired $ $ $ $ $ $

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2015
Loans [Abstract]
Schedule Of Loans Held For Investment	June 30, 2015 December 31, 2014 Construction $ $ Real estate-Residential Real estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax exempt Gross loans Less: Deferred origination fees, net of costs Less: Allowance for loan losses Loans, net $ $
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 six months ended June 30, 2015 is as follows: Construction Real Estate-Residential Real Estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Total Allowance for Loan Losses: Beginning balance $ $ $ $ $ $ $ – $ $ Charge-offs – – – – Recoveries – – – Provision – Ending balance $ $ $ $ $ $ $ – $ $ Loans: Ending balance $ $ $ $ $ $ $ $ – $ ALL – Recorded Investment $ $ $ $ $ $ $ $ $ Ending balance: Individually evaluated $ – $ $ $ – $ $ $ – $ – $ Collectively evaluated – Total $ $ $ $ $ $ $ $ – $ 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: Construction Real Estate- Residential Real Estate- Commercial Commercial- Syndicated Commercial- Other Consumer Tax Exempt Not Specifically Allocated Total Allowance for Loan Losses: Beginning balance $ $ $ $ $ $ $ — $ $ Charge-offs — — Recoveries — — — Provision — — Ending balance $ $ $ $ $ $ $ — $ $ Loans: Ending balance $ $ $ $ $ $ $ $ — $ ALL — Recorded Investment $ $ $ $ $ $ $ $ $ Ending Balance: Individually evaluated $ — $ $ $ — $ $ $ — $ — $ Collectively evaluated — Total $ $ $ $ $ $ $ $ — $
Schedule Of Past Due Loans	June 30, 2015 30-89 Days Past Due (accruing) 90 Days or More Past Due on Non-accrual Total Construction $ $ — $ Real estate – Residential Real estate – Commercial Commercial-Syndicated — — — Commercial-Other Consumer Tax exempt — — — Total $ $ $ 7,230 December 31, 2014 30-89 Days Past Due (accruing) 90 Days or More Past Due on Non-accrual Total Construction $ — $ — $ — Real estate – Residential Real estate – Commercial Commercial-Syndicated — — — Commercial-Other Consumer Tax exempt — — — Total $ $ $ 6,510
Breakdown Of Loans By Risk Grading	Below is a breakdown of loans by risk grading as of June 30, 2015: 0001-0005 0006A 0006B 0007 (1) Total Commercial-Syndicated $ $ $ — $ $ Commercial-Other Real estate – Commercial Construction — Real estate - Residential Consumer – — Tax exempt — — Total $ $ $ $ Deferred origination fees, net of costs Total loans $ Percent of Total Loans 91.0 % 5.2 % 0.9 % 2.9 % 100.0% (1) Included in the 0007 risk grading are $8.1 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 June 30, 2015 (Dollar amounts in thousands) Below is a breakdown of loss by risk grading as of December 31, 2014: 0001-0005 0006A 0006B 0007 (2) Total Commercial-Syndicated $ $ $ — $ — $ Commercial-Other Real estate – Commercial Construction Real estate - Residential Consumer — — Tax exempt — — Total $ $ $ $ Deferred origination fees, net of costs Total loans $ Percent of Total Loans 90.2% 5.7% 1.2% 2.9% 100.0% (1) 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 ("A28

Allowance For Loan Losses ("ALL") (Tables)	6 Months Ended
	Jun. 30, 2015
Allowance For Loan Losses ("ALL") [Abstract]
Schedule Of Information Regarding Impaired Loans	IMPAIRED LOANS AND ALLOCATED ALLOWANCE June 30, 2015 Construction Real Estate- Residential Real Estate - Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Totals With an allowance recorded: Recorded investment $ – $ $ $ – $ – $ $ – $ – $ Unpaid principal balance – – – – Related Allowance – – – – With no related allowance recorded: Recorded investment $ – $ $ $ – $ $ $ – $ – $ Unpaid principal balance – – – – Related Allowance – – – – – – – – – Total: Recorded investment $ – $ $ $ – $ $ $ – $ – $ Unpaid principal balance – – – – Related allowance – – – – Average recorded investment during quarter $ – $ $ $ – $ $ $ – $ – $ Interest income recognized while impaired during the period $ – $ $ $ – $ $ – $ – $ – $ BAYLAKE CORP. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 (Dollar amounts in thousands) Information regarding impaired loans as of December 31, 2014 is as follows: IMPAIRED LOANS AND ALLOCATED ALLOWANCE December 31, 2014 Construction Real Estate- Residential Real Estate- Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Not Specifically Allocated Totals With an allowance recorded: Recorded investment $ — $ $ $ — $ — $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — With no related allowance recorded: Recorded investment $ — $ $ $ — $ $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — — — — — — Total: Recorded investment $ — $ $ $ — $ $ $ — $ — $ Unpaid principal balance — — — — Related allowance — — — — Average recorded investment during quarter $ $ $ $ — $ $ $ — $ — $ Interest income recognized while impaired during the period $ — $ $ $ — $ — $ — $ — $ — $
Schedule Of Nonperforming Loans	June 30, 2015 March 31, 2015 December 31, 2014 September 30, 2014 June 30, 2014 Nonaccrual loans $ $ $ $ $ Loans restructured in a troubled debt restructuring, nonaccrual - - Total nonperforming loans (“NPLs”) $ $ $ $ $ Restructured loans, accruing $ $ $ $ $

Other Real Estate Owned, Net (T

Other Real Estate Owned, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Other Real Estate Owned, Net [Abstract]
Summary Of Foreclosed Properties	For the six months ended June 30, 2015 2014 Beginning balance $ $ Transfer of net realizable value to other real estate owned Sale proceeds Net gain from disposal of other real estate owned Valuation allowance related to properties disposed Total other real estate owned Valuation allowance for losses Total other real estate owned, net $ $
Changes In The Valuation Allowance For Losses On Foreclosed Properties	For the six months ended June 30, 2015 2014 Beginning balance $ $ Provision charged to operations Amounts related to properties disposed Balance at end of period $ $

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2015
Mortgage Servicing Rights [Abstract]
Summary Of Changes In the Carrying Value Of MSRs	For the three months ended June 30, 2015 For the six months ended June 30, 2014 2015 2014 2015 2014 Balance at beginning of period $ $ $ $ Additions from loans sold with servicing retained Loan payments and payoffs Changes in valuation Fair value of MSRs at the end of period $ $ $ $

Troubled Debt Restructuring (Ta

Troubled Debt Restructuring (Tables)	6 Months Ended
	Jun. 30, 2015
Troubled Debt Restructuring [Abstract]
Schedule Of Accrual And Nonaccrual Status Of Troubled Debt Restructuring	Changes in TDRs for the six months ended June 30, 2015 are as follows: Construction Real Estate-Residential Real Estate-Commercial Commercial-Syndicated Commercial-Other Consumer Tax Exempt Total Accruing January 1, 2015 $ – $ – $ $ – $ $ – $ – $ Principal payments – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – Transfers out of TDRs – – – – – Transfers to nonaccrual – – – – – – June 30, 2015 $ – $ – $ $ – $ – $ – $ – $ Nonaccrual January 1, 2015 $ – $ – $ – $ – $ – $ – $ – $ – Principal payments – – – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – – – Transfers to other real estate owned – – – – – – – – Transfers from accruing – – – – – – June 30, 2015 $ – $ – $ – $ – $ – $ $ – $ Totals January 1, 2015 $ – $ – $ $ – $ $ – $ – $ Principal payments – – – – – – Charge-offs – – – – – – – – Advances – – – – – – – – New restructured – – – – – – Transfers out of TDRs – – – – – Transfers to other real estate owned – – – – – – – – June 30, 2015 $ – $ – $ $ – $ – $ $ – $
Summary Of Troubled Debt Restructurings	June 30, 2015 December 31, 2014 Number of Modifications Recorded Investment Number of Modifications Recorded Investment Construction — $ — — $ — Real estate – Residential — — — — Real estate – Commercial Commercial-Syndicated — — — — Commercial-Other — — Consumer — — Tax exempt — — — — Total $ $
Summary Of Troubled Debt Restructurings By Restructure Type	Accruing Nonaccruing Total Payment schedule changes $ $ $ Interest rate reduction – Total $ $ $

Commitments And Contingencies (

Commitments And Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Lending Related Commitments	June 30, 2015 December 31, 2014 Commitments to fund unused home equity line loans $ $ Commitments to fund 1-4 family loans Commitments to fund residential real estate construction loans Commitments unused on commercial lines of credit loans Commitments unused on consumer lines of credit loans Total commitments to extend credit $ $ Financial standby letters of credit $ $

Earnings Per Share (Details)

Earnings Per Share (Details)		Apr. 01, 2015shares	Oct. 01, 2014shares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2015shares	Jun. 30, 2014USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares	Dec. 31, 2014USD ($)shares	Dec. 31, 2010USD ($)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income available to common shareholders | $				$ 2,382,000		$ 2,159,000	$ 4,589,000	$ 4,224,000
Plus: Income impact of assumed conversions: Interest on 10% convertible debentures, net of income tax | $						130,000	16,000	259,000
Income available to common stockholders plus assumed conversions | $				$ 2,382,000		$ 2,289,000	$ 4,605,000	$ 4,483,000
Weighted average number of common shares outstanding-basic				9,338,284		7,907,761	9,240,308	7,842,192
Dilutive effect of stock options	[1]			47,605		44,151	48,508	43,860
Dilutive effect of restricted stock units	[2]			17,107		28,270	27,678	37,997
Dilutive effect of convertible promissory notes	[3]					1,635,000	106,906	1,635,000
Dilutive potential common shares				64,712		1,707,421	183,092	1,716,857
Adjusted weighted-average shares				9,402,996		9,615,182	9,423,400	9,559,049
Basic Earnings Per Share | $ / shares				$ 0.26		$ 0.27	$ 0.50	$ 0.54
Diluted Earnings Per Share | $ / shares				$ 0.25		0.24	$ 0.49	0.47
Convertible promissory notes | $									$ 1,650,000
Conversion price per share | $ / shares						$ 5		$ 5
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share				114,197				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				9,767				15,040
10% Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effect of convertible promissory notes								1,635,000
Convertible promissory notes | $				$ 0		$ 8,200,000	$ 0	$ 8,200,000		$ 9,500,000
Conversion ratio of principal to shares							1
Conversion price per share | $ / shares				$ 5			$ 5
Percentage of original principal amount convertible prior to conversion date, maximum							100.00%
Conversion date of convertible notes							Oct. 1, 2014
Percentage of original principal amount				0.5			0.5
Common shares from conversion of debentures		215,000	330,000		115,000				1,220,000
[1]	For the three and six months ended June 30, 2015 and 2014, respectively, there were 114,197 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 three and six months ended June 30, 2015 and 2014, respectively, there were 9,767 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 June 30, 2014, the Company had $8.2 million of outstanding convertible notes (the "Convertible Notes"). The Convertible Notes were 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 could 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 would be payable at maturity on June 30, 2017. At June 30, 2014, the entire 1,635,000 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 and six months ended June 30, 2014 exceeded the conversion price of $5.00 per share. On April 1, 2015, all of the outstanding debentures were converted to 215,000 shares of common stock under the provisions for voluntary conversion. Therefore, at June 30, 2015, the Company had no outstanding Convertible Notes.

Fair Value (Assets Measured At

Fair Value (Assets Measured At Fair Value On A Recurring Basis) (Details) $ in Thousands	Jun. 30, 2015USD ($)security	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)security	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of available for sale securities measured using Level 3 inputs | security	1		1
Securities Available For Sale, Fair Value	$ 161,750		$ 182,912
Mortgage servicing rights	872	$ 845	841	$ 864	$ 906	$ 967
Total	162,622		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	95,086		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	58,808		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	3,558		3,544
Other Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities Available For Sale, Fair Value	$ 1,905		$ 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	$ 161,599		$ 182,658
Mortgage servicing rights	872		841
Total	162,471		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	94,935		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	58,808		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	3,558		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	1,905		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	151		254
Total	151		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	$ 151		$ 254

Fair Value (Assets Measured A35

Fair Value (Assets Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs) (Details) - Jun. 30, 2015 - USD ($) $ in Thousands	Total	Total
Fair Value [Abstract]
Balance, beginning of period	$ 215	$ 254
Other comprehensive gain	2	5
Principal payments	(66)	(108)
Balance, end of period	$ 151	$ 151

Fair Value (Assets Measured A36

Fair Value (Assets Measured At Fair Value On A Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 5,161	$ 5,717
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,139	1,451
Other Real Estate Owned, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 4,022	$ 4,266
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
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Other Real Estate Owned, Net [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 Other Observable Inputs (Level 2) [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total
Significant Other Observable Inputs (Level 2) [Member] | Other Real Estate Owned, Net [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	$ 5,161	$ 5,717
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,139	1,451
Significant Unobservable Inputs (Level 3) [Member] | Other Real Estate Owned, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 4,022	$ 4,266

Fair Value (Required Financial

Fair Value (Required Financial Disclosures About Fair Value Of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities held to maturity	$ 26,242		$ 26,181
Securities available for sale, at fair value	161,750		182,912
Mortgage servicing rights	872	$ 845	841	$ 864	$ 906	$ 967
Other real estate owned, net	4,022		4,266	$ 5,053
Accrued interest receivable	2,775		2,559
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	31,884		60,189
Federal funds sold	3,401		1,176
Securities held to maturity	25,550		25,612
Securities available for sale, at fair value	161,750		182,912
Loans held for sale	1,292		1,290
Loans, net	679,064		672,306
Federal Home Loan Bank stock	4,238		4,238
Mortgage servicing rights	872		841
Other real estate owned, net	4,022		4,266
Accrued interest receivable	2,775		2,559
Deposits	758,578		765,542
Federal Home Loan Bank advances	53,625		60,455
Repurchase agreements	36,639		64,869
Subordinated debentures	16,100		16,100
Convertible promissory notes			1,650
Accrued interest payable	282		283
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	31,884		60,189
Federal funds sold	3,401		1,176
Securities held to maturity	26,242		26,181
Securities available for sale, at fair value	161,750		182,912
Loans held for sale	1,314		1,314
Loans, net	680,155		675,481
Federal Home Loan Bank stock	4,238		4,238
Mortgage servicing rights	872		841
Other real estate owned, net	4,022		4,266
Accrued interest receivable	2,775		2,559
Deposits	758,624		765,370
Federal Home Loan Bank advances	54,136		60,475
Repurchase agreements	36,639		64,869
Subordinated debentures	16,100		16,100
Convertible promissory notes			1,642
Accrued interest payable	$ 282		$ 283

Investments (Narrative) (Detail

Investments (Narrative) (Details) $ in Thousands	Jun. 30, 2015USD ($)security	Dec. 31, 2014USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$ 187,992	$ 209,093
Securities Held to Maturity, Gross Unrealized Losses	0	0
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$ 116,200	$ 136,800
Percentage of investment portfolio	61.80%	65.40%
Number of securities | security	8	13
Obligations Of States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities | security	3	10
U.S. Government-Sponsored Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of securities | security		1
Issued By GNMA And Guranteed By VA Or FHA [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$ 4,600
Percentage of investment portfolio	4.00%
Issued By FNMA or FHLMC [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$ 106,900
Percentage of investment portfolio	92.00%
Non-agency [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale and held to maturity securities	$ 4,700
Percentage of investment portfolio	4.00%

Investments (Fair Value Of Secu

Investments (Fair Value Of Securities Available For Sale And Related Unrealized Gains And Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	$ 161,750	$ 182,912
Securities Available for Sale, Gross Unrealized Gains	3,411	4,543
Securities Available For Sale, Gross Unrealized Losses	(906)	(701)
Securities Held to Maturity, Fair Value	26,242	26,181
Securities Held to Maturity, Gross Unrealized Gains	692	569
Securities Held to Maturity, Gross Unrealized Losses	0	0
Total Investment securities	187,992	209,093
Total Investment Securities, Gross Unrealized Gains	4,103	5,112
Total Investment securities, Gross Unrealized Losses	(906)	(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	21
Securities Available For Sale, Gross Unrealized Losses		(4)
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	95,086	115,714
Securities Available for Sale, Gross Unrealized Gains	1,790	2,492
Securities Available For Sale, Gross Unrealized Losses	(737)	(640)
Securities Held to Maturity, Fair Value	21,142	21,131
Securities Held to Maturity, Gross Unrealized Gains	592	519
Total Investment securities	116,200	136,800
Obligations Of States And Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	58,808	59,002
Securities Available for Sale, Gross Unrealized Gains	1,562	2,027
Securities Available For Sale, Gross Unrealized Losses	(169)	(57)
Private Placement And Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	3,558	3,544
Securities Available for Sale, Gross Unrealized Gains	38	24
Securities Held to Maturity, Fair Value	5,100	5,050
Securities Held to Maturity, Gross Unrealized Gains	100	50
Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available For Sale, Fair Value	$ 1,905	$ 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 ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 39,391	$ 3,546
Less than 12 Months, Unrealized Loss	(396)	(10)
12 Months or More, Fair Value	16,151	35,898
12 Months Or More, Unrealized Loss	(510)	(691)
Total Fair Value	55,542	39,444
Total Unrealized Loss	(906)	(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	11,655	857
Less than 12 Months, Unrealized Loss	(148)	(4)
12 Months or More, Fair Value	1,054	2,935
12 Months Or More, Unrealized Loss	(21)	(53)
Total Fair Value	12,709	3,792
Total Unrealized Loss	(169)	(57)
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	27,736	2,689
Less than 12 Months, Unrealized Loss	(248)	(6)
12 Months or More, Fair Value	15,097	30,216
12 Months Or More, Unrealized Loss	(489)	(634)
Total Fair Value	42,833	32,905
Total Unrealized Loss	$ (737)	$ (640)

Loans (Schedule Of Loans Held F

Loans (Schedule Of Loans Held For Investment) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	$ 686,503	$ 679,858
Less: Deferred Origination Fees, net of costs	(483)	(501)
Less: Allowance for Loan Losses	(6,956)	(7,051)	$ (7,658)
Loans, net	679,064	672,306
Loans pledged as collateral for borrowings from the FHLB	140,500	142,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	31,952	40,808
Less: Allowance for Loan Losses	(147)	(252)	(372)
Loans, net	31,805	40,556
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	149,759	152,091
Less: Allowance for Loan Losses	(615)	(779)	(1,373)
Loans, net	149,144	151,312
Real Estate - Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	314,799	304,446
Less: Allowance for Loan Losses	(2,732)	(3,282)	(4,431)
Loans, net	311,584	300,663
Commercial - Syndicated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	66,433	65,429
Less: Allowance for Loan Losses	(1,063)	(1,047)	(218)
Loans, net	65,370	64,382
Commercial - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	94,287	88,045
Less: Allowance for Loan Losses	(1,070)	(1,082)	(445)
Loans, net	93,217	86,963
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	5,773	6,075
Less: Allowance for Loan Losses	(64)	(54)	$ (64)
Loans, net	5,709	6,021
Tax Exempt [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross Loans	23,500	22,964
Loans, net	$ 23,500	$ 22,964

Loans (Allowance For Loan Losse

Loans (Allowance For Loan Losses And Recorded Investment In Loans) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		$ 7,051	$ 7,658
Charge-offs		(541)	(1,283)
Recoveries		246	676
Provision		200
Allowance for Loan Losses: Ending Balance	$ 6,956	6,956	7,051
Loans: Ending Balance	686,020			$ 679,357
ALL	(6,956)	(7,051)	(7,658)	(7,051)
Loans, net	679,064			672,306
Ending balance: Individually evaluated	11,586			13,811
Ending balance: Collectively evaluated	674,434			665,546
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		252	372
Charge-offs			(162)
Recoveries		10	56
Provision		(115)	(14)
Allowance for Loan Losses: Ending Balance	147	147	252
Loans: Ending Balance	31,952			40,808
ALL	(147)	(252)	(372)	(252)
Loans, net	31,805			40,556
Ending balance: Collectively evaluated	31,952			40,808
Real Estate - Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		779	1,373
Charge-offs		(90)	(88)
Recoveries		10	126
Provision		(84)	(632)
Allowance for Loan Losses: Ending Balance	615	615	779
Loans: Ending Balance	149,759			152,091
ALL	(615)	(779)	(1,373)	(779)
Loans, net	149,144			151,312
Ending balance: Individually evaluated	855			849
Ending balance: Collectively evaluated	148,904			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		(389)	(656)
Recoveries		196	439
Provision		(357)	(932)
Allowance for Loan Losses: Ending Balance	2,732	2,732	3,282
Loans: Ending Balance	314,316			303,945
ALL	(2,732)	(3,282)	(4,431)	(3,282)
Loans, net	311,584			300,663
Ending balance: Individually evaluated	9,716			12,101
Ending balance: Collectively evaluated	304,600			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		16	1,007
Allowance for Loan Losses: Ending Balance	1,063	1,063	1,047
Loans: Ending Balance	66,433			65,429
ALL	(1,063)	(1,047)	(218)	(1,047)
Loans, net	65,370			64,382
Ending balance: Collectively evaluated	66,433			65,429
Commercial - Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		1,082	445
Charge-offs		(31)	(116)
Recoveries		24	37
Provision		(5)	716
Allowance for Loan Losses: Ending Balance	1,070	1,070	1,082
Loans: Ending Balance	94,287			88,045
ALL	(1,070)	(1,082)	(445)	(1,082)
Loans, net	93,217			86,963
Ending balance: Individually evaluated	942			848
Ending balance: Collectively evaluated	93,345			87,197
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		54	64
Charge-offs		(31)	(83)
Recoveries		6	18
Provision		35	55
Allowance for Loan Losses: Ending Balance	64	64	54
Loans: Ending Balance	5,773			6,075
ALL	(64)	(54)	(64)	(54)
Loans, net	5,709			6,021
Ending balance: Individually evaluated	73			13
Ending balance: Collectively evaluated	5,700			6,062
Tax Exempt [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans: Ending Balance	23,500			22,964
Loans, net	23,500			22,964
Ending balance: Collectively evaluated	23,500			22,964
Not Specifically Allocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses: Beginning balance		555	755
Provision		710	(200)
Allowance for Loan Losses: Ending Balance	1,265	1,265	555
ALL	(1,265)	$ (555)	$ (755)	(555)
Loans, net	$ (1,265)			$ (555)

Loans (Schedule Of Past Due Loa

Loans (Schedule Of Past Due Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	$ 7,230	$ 6,510
30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	2,460	1,355
90 Days Or More Past Due On Non-Accrual [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	4,770	5,155
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	90
Construction [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	90
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,528	1,162
Real Estate - Residential [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	673	313
Real Estate - Residential [Member] | 90 Days Or More Past Due On Non-Accrual [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	855	849
Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	4,591	4,457
Real Estate - Commercial [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,691	996
Real Estate - Commercial [Member] | 90 Days Or More Past Due On Non-Accrual [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	2,900	3,461
Commercial - Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	943	843
Commercial - Other [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1	11
Commercial - Other [Member] | 90 Days Or More Past Due On Non-Accrual [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	942	832
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	78	48
Consumer [Member] | 30 - 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	5	35
Consumer [Member] | 90 Days Or More Past Due On Non-Accrual [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	$ 73	$ 13

Loans (Breakdown Of Loans By Ri

Loans (Breakdown Of Loans By Risk Grading) (Details) - USD ($) $ in Thousands		6 Months Ended		12 Months Ended
		Jun. 30, 2015		Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		$ 507,471		$ 498,728
Gross loans		686,503		679,858
Deferred Origination Fees, net of costs		(483)		(501)
Loans: Ending Balance		$ 686,020		$ 679,357
Percent of Total Loans		100.00%		100.00%
Charge-offs		$ 541		$ 1,283
0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		450,219		436,614
Gross loans		$ 625,009		$ 613,505
Percent of Total Loans		91.00%		90.20%
0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		$ 33,017		$ 36,236
Gross loans		$ 35,400		$ 38,505
Percent of Total Loans		5.20%		5.70%
Increase (decrease) in loan balances		$ (3,100)
0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		6,178		$ 7,655
Gross loans		$ 6,379		$ 8,069
Percent of Total Loans		0.90%		1.20%
Increase (decrease) in loan balances		$ (1,700)
0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		18,057	[1]	$ 18,223	[2]
Gross loans		$ 19,715	[1]	$ 19,779	[2]
Percent of Total Loans		2.90%		2.90%
Increase (decrease) in loan balances		$ (100)
Proceeds from sale of loan collateral		3,400
Loan payments and payoffs		2,600
0007 Rated Loans Not Impaired [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans: Ending Balance		8,100		$ 6,000
Commercial - Syndicated [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		66,433		65,429
Gross loans		66,433		65,429
Loans: Ending Balance		66,433		65,429
Charge-offs				178
Commercial - Syndicated [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		59,225		60,694
Commercial - Syndicated [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		4,388		4,735
Commercial - Syndicated [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans	[1]	2,820
Commercial - Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		94,287		88,045
Gross loans		94,287		88,045
Loans: Ending Balance		94,287		88,045
Charge-offs		31		116
Commercial - Other [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		89,256		81,530
Commercial - Other [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		3,232		4,224
Commercial - Other [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		727		1,240
Commercial - Other [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		1,072	[1]	1,051	[2]
Real Estate - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		314,799		304,446
Gross loans		314,799		304,446
Loans: Ending Balance		314,316		303,945
Charge-offs		389		656
Real Estate - Commercial [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		271,191		255,711
Real Estate - Commercial [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		24,181		26,124
Real Estate - Commercial [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		5,451		5,632
Real Estate - Commercial [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		13,976	[1]	16,979	[2]
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		31,952		40,808
Gross loans		31,952		40,808
Loans: Ending Balance		31,952		40,808
Charge-offs				162
Construction [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		30,547		38,679
Construction [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		1,216		1,153
Construction [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans				783
Construction [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross commercial loans		189	[1]	193	[2]
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		149,759		152,091
Gross loans		149,759		152,091
Loans: Ending Balance		149,759		152,091
Charge-offs		90		88
Real Estate - Residential [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		146,504		148,835
Real Estate - Residential [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		1,469		1,299
Real Estate - Residential [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		201		414
Real Estate - Residential [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		1,585	[1]	1,543	[2]
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		5,773		6,075
Gross loans		5,773		6,075
Loans: Ending Balance		5,773		6,075
Charge-offs		31		83
Consumer [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		5,700		6,062
Consumer [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		73	[1]	13	[2]
Tax Exempt [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		23,500		22,964
Gross loans		23,500		22,964
Loans: Ending Balance		23,500		22,964
Tax Exempt [Member] | 0001-0005 [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		22,586		21,994
Tax Exempt [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross consumer loans		914		$ 970
Decrease Due To Loans Moved To Risk Rating 0007 [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		(3,600)
Decrease Due To Payoffs [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		(2,200)
Decrease Due To Payoffs [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		(800)
Upgraded From Risk Categories 0006B And 0007 [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		800
Downgraded From Categories 0001 To 0005 [Member] | 0006A [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		1,900
Downgraded From Categories 0001 To 0005 [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		100
Downgraded From Categories 0001 To 0005 [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		3,400
Syndicated loan		2,800
Upgraded To Risk Category 0006A [Member] | 0006B [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		(1,000)
Downgraded From Risk Category 0006A [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		(3,600)
Collection Sought From Personal Guarantees [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans: Ending Balance		200
Loans Downgraded [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		3,600
Downgraded From 0006A And 0006B [Member] | 0007 [Member]
Financing Receivable, Recorded Investment [Line Items]
Increase (decrease) in loan balances		$ 200
[1]	Included in the 0007 risk grading are $8.1 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.
[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 ("A45

Allowance For Loan Losses ("ALL") (Schedule Of Information Regarding Impaired Loans) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	$ 1,139	$ 1,451
With an allowance recorded: Unpaid principal balance	2,190	2,812
With an allowance recorded: Related allowance	1,051	1,361
With no related allowance recorded: Recorded Investment	9,396	10,999
With no related allowance recorded: Unpaid principal balance	9,396	10,999
Total: Recorded investment	10,535	12,450
Total: Unpaid principal balance	11,586	13,811
Average recorded investment during quarter	11,328	14,202
Interest income recognized while impaired	76	356
Construction [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment during quarter		408
Real Estate - Residential [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	35	83
With an allowance recorded: Unpaid principal balance	44	168
With an allowance recorded: Related allowance	9	85
With no related allowance recorded: Recorded Investment	811	681
With no related allowance recorded: Unpaid principal balance	811	681
Total: Recorded investment	846	764
Total: Unpaid principal balance	855	849
Average recorded investment during quarter	870	532
Interest income recognized while impaired	3	5
Real Estate - Commercial [Member]
Financing Receivable, Impaired [Line Items]
With an allowance recorded: Recorded Investment	1,056	1,367
With an allowance recorded: Unpaid principal balance	1,460	2,008
With an allowance recorded: Related allowance	404	641
With no related allowance recorded: Recorded Investment	8,256	10,093
With no related allowance recorded: Unpaid principal balance	8,256	10,093
Total: Recorded investment	9,312	11,460
Total: Unpaid principal balance	9,716	12,101
Average recorded investment during quarter	9,996	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: Unpaid principal balance	624	$ 634
With an allowance recorded: Related allowance	624	634
With no related allowance recorded: Recorded Investment	318	214
With no related allowance recorded: Unpaid principal balance	318	214
Total: Recorded investment	318	214
Total: Unpaid principal balance	942	848
Average recorded investment during quarter	386	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	11	11
With no related allowance recorded: Unpaid principal balance	11	11
Total: Recorded investment	59	12
Total: Unpaid principal balance	73	13
Average recorded investment during quarter	$ 76	$ 3
Tax Exempt [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 ("A46

Allowance For Loan Losses ("ALL") (Schedule Of Nonperforming Loans) (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)loan	Jun. 30, 2015USD ($)contract	Dec. 31, 2014USD ($)contract	Mar. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 6,878	$ 6,878	$ 8,656
Remaining balances charged off		$ 541	$ 1,283
Number of loans restructured	0	9	10
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
Nonaccrual loans	$ 4,708	$ 4,708	$ 5,155	$ 5,731	$ 5,647	$ 6,794
Restructured loans	62	62			256	256
Total nonperforming loans ("NPLs")	4,770	4,770	5,155	5,731	5,903	7,050
Increase (decrease) in nonaccrual loans	300
Payments received	900
Remaining balances charged off	200
Transferred to other real estate owned	$ 100
Number of loans restructured | loan	1
Number of loan transferred | loan	1
Loans receivable modified	$ 100
Accruing [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	6,816	$ 6,816	$ 8,656	$ 6,907	$ 8,656	$ 8,472
Single Loan [Member]
Financing Receivable, Modifications [Line Items]
Increase (decrease) in nonaccrual loans	100
Nonaccrual Loans Brought Current [Member]
Financing Receivable, Modifications [Line Items]
Loans removed from nonaccrual status	$ 100

Other Real Estate Owned, Net (S

Other Real Estate Owned, Net (Summary Of Foreclosed Properties) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Other Real Estate [Line Items]
Beginning balance	$ 5,093	$ 8,566
Transfer of net realizable value to other real estate owned	45	75
Sale proceeds	(196)	(1,162)
Net gain from disposal of other real estate owned	6	43
Valuation allowance related to properties disposed	(152)	(646)
Total other real estate owned	4,796	6,876
Valuation allowance for losses	(774)	(1,823)	$ (827)	$ (2,268)
Total other real estate owned	4,022	$ 5,053	4,266
Loans in process of foreclosure	300		300
Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Other Real Estate [Line Items]
Loans in process of foreclosure	$ 200		$ 300

Other Real Estate Owned, Net (C

Other Real Estate Owned, Net (Changes In The Valuation Allowance For Losses On Foreclosed Properties) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Other Real Estate Owned, Net [Abstract]
Beginning balance	$ 827	$ 2,268
Provision charged to operations	99	201
Amounts related to properties disposed	(152)	(646)
Balance at end of period	$ 774	$ 1,823

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Deferred income tax asset valuation allowance	$ 0	$ 0

Equity Investment (Details)

Equity Investment (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2015	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]
Percentage of ownership of subsidiary	99.20%
Number of ownership shares held in UFS	500
Carrying value of investment in UFS	$ 4,900		$ 4,600
Current book value per share of common stock in UFS	$ 9,893		$ 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	$ 200	$ 100	$ 700
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%

Mortgage Servicing Rights (Summ

Mortgage Servicing Rights (Summary Of Changes In The Carrying Value Of MSRs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Mortgage Servicing Rights [Abstract]
Balance at beginning of period	$ 845	$ 906	$ 841	$ 967
Additions from loans sold with servicing retained	34	15	54	31
Loan payments and payoffs	(25)	(25)	(43)	(45)
Changes in valuation	18	(32)	20	(89)
Fair value of MSRs at the end of period	872	$ 864	872	$ 864
Unpaid principal balance of loans serviced for others	$ 124,700		$ 124,700		$ 123,400

Promissory Notes (Details)

Promissory Notes (Details)	Apr. 01, 2015USD ($)shares	Oct. 01, 2014shares	Sep. 30, 2014USD ($)	Mar. 31, 2015USD ($)shares	Jun. 30, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)shares	Jun. 30, 2014USD ($)$ / shares	Dec. 31, 2010USD ($)
Debt Instrument [Line Items]
Convertible Notes outstanding						$ 1,650,000
Conversion price per share | $ / shares							$ 5
10% Convertible Notes [Member]
Debt Instrument [Line Items]
Stated percentage of interest rate on Convertible Notes					10.00%
Convertible Notes, due date					Jun. 30, 2017
Convertible Notes outstanding					$ 0		$ 8,200,000	$ 9,500,000
Conversion ratio of principal to shares					1
Conversion price per share | $ / shares					$ 5
Percentage of original principal amount convertible prior to conversion date, maximum					100.00%
Conversion date of convertible notes					Oct. 1, 2014
Percentage of original principal amount					0.5
Amount of Convertible Notes converted	$ 1,100,000				$ 0	$ 6,100,000
Common shares from conversion of Convertible notes | shares	215,000	330,000		115,000		1,220,000
Voluntary Conversion [Member] | 10% Convertible Notes [Member]
Debt Instrument [Line Items]
Amount of Convertible Notes converted			$ 1,700,000
Mandatory Conversion [Member] | 10% Convertible Notes [Member]
Debt Instrument [Line Items]
Amount of Convertible Notes converted				$ 600,000

Troubled Debt Restructuring (Na

Troubled Debt Restructuring (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)loan	Jun. 30, 2015USD ($)contract	Dec. 31, 2014contract
Number of loans restructured	0	9	10
Loan removed from restructured status		$ 1.8
Nonaccrual [Member]
Number of loans restructured | loan	1
Loans receivable modified	$ 0.1

Troubled Debt Restructuring (Sc

Troubled Debt Restructuring (Schedule Of Accrual And Nonaccrual Status Of Troubled Debt Restructuring) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Financing Receivable, Modifications [Line Items]
January 1, 2015	$ 8,656
Principal payments	(32)
New restructured	62
Transfers out of TDRs	(1,808)
June 30, 2015	$ 6,878
Construction [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs
Transfers to other real estate owned
June 30, 2015
Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015	$ 8,640
Principal payments	(32)
Transfers out of TDRs	(1,792)
June 30, 2015	6,816
Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015	$ 16
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs	$ (16)
Transfers to other real estate owned
June 30, 2015
Consumer [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured	$ 62
Transfers out of TDRs
Transfers to other real estate owned
June 30, 2015	$ 62
Accruing [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015	8,656
Principal payments	(32)
New restructured	62
Transfers out of TDRs	(1,808)
Transfers to nonaccrual	(62)
June 30, 2015	$ 6,816
Accruing [Member] | Construction [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs
Transfers to nonaccrual
June 30, 2015
Accruing [Member] | Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015	$ 8,640
Principal payments	(32)
Transfers out of TDRs	(1,792)
June 30, 2015	6,816
Accruing [Member] | Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015	$ 16
Principal payments
Charge-offs
Advances
New restructured
Transfers out of TDRs	$ (16)
Transfers to nonaccrual
June 30, 2015
Accruing [Member] | Consumer [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured	$ 62
Transfers out of TDRs
Transfers to nonaccrual	$ (62)
June 30, 2015
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
Transfers from accruing	$ 62
June 30, 2015	$ 62
Nonaccrual [Member] | Construction [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured
Transfers to other real estate owned
Transfers from accruing
June 30, 2015
Nonaccrual [Member] | Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured
Transfers to other real estate owned
Transfers from accruing
June 30, 2015
Nonaccrual [Member] | Consumer [Member]
Financing Receivable, Modifications [Line Items]
January 1, 2015
Principal payments
Charge-offs
Advances
New restructured
Transfers to other real estate owned
Transfers from accruing	$ 62
June 30, 2015	$ 62

Troubled Debt Restructuring (Su

Troubled Debt Restructuring (Summary Of Troubled Debt Restructurings) (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)loan	Jun. 30, 2015USD ($)contract	Dec. 31, 2014USD ($)contract
Financing Receivable, Modifications [Line Items]
Number of Modifications	0	9	10
Recorded Investment	$ 6,878	$ 6,878	$ 8,656
Construction [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications | contract
Recorded Investment
Real Estate - Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications | contract		8	9
Recorded Investment	$ 6,816	$ 6,816	$ 8,640
Commercial - Other [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications | contract			1
Recorded Investment			$ 16
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Modifications | contract		1
Recorded Investment	$ 62	$ 62

Troubled Debt Restructuring (56

Troubled Debt Restructuring (Summary Of Troubled Debt Restructurings By Restructure Type) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014
Financing Receivable, Modifications [Line Items]
Total	$ 6,878		$ 8,656
Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total	6,612
Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Total	266
Accruing [Member]
Financing Receivable, Modifications [Line Items]
Total	6,816	$ 6,907	$ 8,656	$ 8,656	$ 8,472
Accruing [Member] | Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total	6,550
Accruing [Member] | Interest Rate Reduction [Member]
Financing Receivable, Modifications [Line Items]
Total	266
Nonaccrual [Member]
Financing Receivable, Modifications [Line Items]
Total	62			$ 256	$ 256
Nonaccrual [Member] | Payment Schedule Changes [Member]
Financing Receivable, Modifications [Line Items]
Total	$ 62

Commitments And Contingencies57

Commitments And Contingencies (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	$ 259,903,000	$ 228,521,000
Unused Home Equity Line Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	60,122,000	59,163,000
One To Four Family Residential Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	3,872,000	2,606,000
Residential Real Estate Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	4,371,000	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	181,914,000	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	9,624,000	9,333,000
Financial Standby Letters of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	40,078,000	$ 9,757,000
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
Financial Standby Letters of Credit [Member] | FHLB Public Link Deposit Program [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commitments to extend credit	$ 30,000,000