<ARTICLE> 9 <CIK> 0000275119 <NAME> BAYLAKE CORP <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 19,984 <INT-BEARING-DEPOSITS> 342 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 129,437 <INVESTMENTS-CARRYING> 18,541 <INVESTMENTS-MARKET> 18,449 <LOANS> 433,821 <ALLOWANCE> 8,216 <TOTAL-ASSETS> 632,914 <DEPOSITS> 502,290 <SHORT-TERM> 77,602 <LIABILITIES-OTHER> 6,616 <LONG-TERM> 264 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18,677 <OTHER-SE> 27,465 <TOTAL-LIABILITIES-AND-EQUITY> 632,914 <INTEREST-LOAN> 27,785 <INTEREST-INVEST> 6,366 <INTEREST-OTHER> 239 <INTEREST-TOTAL> 34,390 <INTEREST-DEPOSIT> 14,556 <INTEREST-EXPENSE> 17,089 <INTEREST-INCOME-NET> 17,301 <LOAN-LOSSES> 538 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 12,976 <INCOME-PRETAX> 7,034 <INCOME-PRE-EXTRAORDINARY> 7,034 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,932 <EPS-BASIC> 1.33 <EPS-DILUTED> 1.28 <YIELD-ACTUAL> 8.46 <LOANS-NON> 9,234 <LOANS-PAST> 0 <LOANS-TROUBLED> 3,836 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 11,035 <CHARGE-OFFS> 4,270 <RECOVERIES> 1,812 <ALLOWANCE-CLOSE> 8,216 <ALLOWANCE-DOMESTIC> 8,216 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0