<ARTICLE> 9
<CIK> 0000275119
<NAME> BAYLAKE CORP.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          17,560
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                26,106
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    112,536
<INVESTMENTS-CARRYING>                          15,510
<INVESTMENTS-MARKET>                            15,765
<LOANS>                                        407,648
<ALLOWANCE>                                     11,035
<TOTAL-ASSETS>                                 607,438
<DEPOSITS>                                     495,384
<SHORT-TERM>                                    56,758
<LIABILITIES-OTHER>                              9,732
<LONG-TERM>                                        392
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0     
<COMMON>                                        18,473     
<OTHER-SE>                                      26,799
<TOTAL-LIABILITIES-AND-EQUITY>                 607,438
<INTEREST-LOAN>                                 30,161
<INTEREST-INVEST>                                7,544
<INTEREST-OTHER>                                   356
<INTEREST-TOTAL>                                38,061
<INTEREST-DEPOSIT>                              15,755
<INTEREST-EXPENSE>                              19,148
<INTEREST-INCOME-NET>                           18,913
<LOAN-LOSSES>                                    1,135
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 13,891
<INCOME-PRETAX>                                  8,264
<INCOME-PRE-EXTRAORDINARY>                       8,264
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,017
<EPS-PRIMARY>                                     1.64
<EPS-DILUTED>                                     1.61
<YIELD-ACTUAL>                                    8.62
<LOANS-NON>                                     11,060
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                 3,008
<LOANS-PROBLEM>                                  1,019
<ALLOWANCE-OPEN>                                 3,881
<CHARGE-OFFS>                                      845
<RECOVERIES>                                       377
<ALLOWANCE-CLOSE>                               11,035
<ALLOWANCE-DOMESTIC>                            11,035
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0