EXHIBIT 99

Baylake Corp.'s financial results for the quarter and year ended
December 31, 2000

Baylake Corp. reported net income of $6.7 million or $.90 per share for
the year ended December 31, 2000, as compared to $6.9 million or $.94 per share
for the year ended December 31, 1999. The decline in net income was primarily
due to increased non-interest expense and income tax expense offset to a lesser
amount by increased net interest income and other non-interest income.

During the year ended December 31, 2000, net interest income increased
$759,000 to $23.9 million due primarily to average interest-earning assets
increasing by $86.7 million. The increase in average interest-earning assets
primarily reflected substantial growth in loan originations during the year. Net
interest margin decreased by 47 basis points to 3.88% during 2000, the result of
higher cost of funding from deposits and other wholesale funding such as federal
funds purchased and loans from the Federal Home Loan Bank.

For the year ended December 31, 2000, non-interest income increased by
$129,000 to $4.7 million. The increase was primarily attributable to increased
fees on various services to customers totaling $187,000 and increased income
from a data services subsidiary totaling $108,000 offset by a decrease in other
recoveries totaling $104,000.

For the year ended December 31, 2000, non-interest expense increased
$1.2 million over the preceding year. Personnel and benefit expense increased
approximately $660,000 due to additional staffing and normal salary increases.
Occupancy and equipment expense increased $372,000 due to expansion in existing
markets and costs related to the modernization of various facilities. Data
processing expenses increased $38,000 and advertising and marketing expenses
increased $196,000, a result of expansion efforts and increased customer volume.

For the year ended December 31, 2000, income tax expense increased
$178,000, the result of increased taxable income.

Baylake Corp. reported net income of $1.7 million for the three months
ended December 31, 2000, as compared to $2.0 million for the same period in the
prior year. The decrease in net income resulted primarily from an increase in
non-interest expense and income tax expense offset to a lesser degree by an
increase in net interest income and non-interest income.

Net interest income for the three months ended December 31, 2000 was
$6.0 million compared to $5.9 million for the same period a year earlier. Net
interest income increased as a result of average earning assets increasing
$112.2 million, offset by a decrease in net interest margin by 63 basis points
to 3.66%.

Non-interest income for the three months ended December 31, 2000
increased by $69,000 to $1.4 million primarily due to increased income from our
data services subsidiary.

For the three months ended December 31, 2000, non-interest expense
increased $557,000 from the three months ended December 31, 1999 to $5.0
million. Expenses from the operation of other real estate owned increased
$174,000. Other operating expense increased $315,000, a

result of increased advertising, supplies, community reinvestment expenses and
other miscellaneous expenses stemming from our expansion efforts.

For the three months ended December 31, 2000, income tax expense
increased $76,000 to $574,000, the result of increased taxable income.

During 2000, total assets for Baylake Corp. increased 19.4% to $771.8
million at December 31, 2000 when compared to total assets of $646.3 million at
December 31, 1999. Total loans increased 24.3% during 2000 to $555.5 million at
December 31, 2000, while deposits during the year increased 9.8% to $553.3
million. Total shareholders' equity increased 15.0% during 2000 to $53.1 million
at December 31, 2000 as compared with $46.2 million at December 31, 1999.

For the quarter ended December 31, 2000, total assets increased 3.7%,
total loans increased 4.3%, total deposits increased 1.0% and total
shareholders' equity increased 5.7% when compared to balances at September 30,
2000.

The provision for loan losses decreased $305,000 to $545,000 for the
year ended December 31, 2000, as compared to the prior year, and the allowance
decreased $605,000 to $7.0 million during the period. The ratio of allowance for
loan losses to total loans was 1.26% at December 31, 2000 compared to 1.70% at
December 31, 1999. Non-performing loans totaled $13.0 million and $12.5 million
at December 31, 2000 and December 31, 1999, respectively. The ratio of allowance
for loan losses to non-performing loans was 53.7% and 60.7% at December 31, 2000
and December 31, 1999, respectively. The increase in non-performing loans was
due primarily to seven commercial real estate credits which became
non-performing during the year. Baylake Corp. believes that these credits do not
present a significant risk of loss to the company based on the value of the
collateral securing the loans, the loan-to-value ratio and the specific reserve
applied to such loans.

The provision for loan losses for the three months ended December 31,
2000 and 1999 was $215,000 and $312,000, respectively. Non-performing loans at
December 31, 2000 increased $638,000 from September 30, 2000 primarily resulting
from seven commercial real estate credits totaling $1.2 million that had moved
to non-accrual status during the quarter. Despite their status as non-accrual,
Baylake Corp. believes that these loans are well secured and does not expect any
significant risk of loss with respect to these loans. Foreclosed assets, net, at
December 31, 2000 increased $313,000 from September 30, 2000 primarily as the
result of the acquisition of one residential real estate property totaling
$365,000 by deed in lieu of foreclosure. This residential property secured one
commercial real estate loan on non-accrual status, and the eventual sale of the
asset will provide additional benefit in the effort to minimize any risk of loss
to the company.

During the fourth quarter, Baylake Corp. charged off net loans of $1.3
million as a result of further collateral evaluation. These charged-off loans
had previously been identified as loans having an assessment of loss potential,
but an updated consideration of collateral at year end prompted the action
resulting in additional charge-offs for the fourth quarter. As a result of
charge-offs taken in the fourth quarter, the ratio of allowance for loan losses
to non-performing loans declined from 65.5% at September 30, 2000 to 53.7% at
December 31, 2000. The addition of the seven commercial real estate credits
totaling $1.2 million also contributed to the declining loan loss coverage ratio
during the fourth quarter. Despite the charge-offs taken during the

fourth quarter of 2000 and the increase in non-performing assets, Baylake Corp.
believes the balance of the allowance for loan loss at December 31, 2000 is
presently sufficient to absorb loan losses inherent in the portfolio, although
future adjustments to the allowance may be necessary based on changes in
economic conditions and the impact that these changes, if any, may have on the
ability of borrowers to continue to service or repay outstanding credits and on
the value of the underlying collateral securing these credits.

Capital resources for the three-month period ended December 31, 2000
remained relatively unchanged from the nine-month period ended September 30,
2000. Although liquidity resources tightened in the fourth quarter, Baylake
Corp. anticipates that it will have sufficient funds available to meet the
commitments outstanding at December 31, 2000. At December 31, 2000, Baylake
Corp. had $60.4 million of established lines of credit with nonaffiliated banks,
of which $35.0 million was outstanding at December 31, 2000.

Baylake Corp., headquartered in Sturgeon Bay, Wisconsin, is the bank holding
company for Baylake Bank. Through Baylake Bank, the Company provides a variety
of banking and financial services from 25 financial centers located throughout
Northeast and Central Wisconsin, in Brown, Door, Green Lake, Kewaunee,
Manitowoc, Outagamie, Waupaca, and Waushara Counties.

The following appears in accordance with the Private Securities Litigation
Reform Act of 1995:

This news release may contain forward-looking statements about the
financial condition, results of operations and business of Baylake Corp.
Forward-looking statements can be identified by the fact that they do not relate
strictly to historical or current facts. They often include the words "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or words of similar
meaning, or future or conditional verbs such as "will," "would," "should,"
"could" or "may."

Forward-looking statements, by their nature, are subject to risks and
uncertainties. A number of factors, many of which are beyond the control of
Baylake Corp., could cause actual conditions, events or results to differ
significantly from those indicated by the forward-looking statements. The most
recent annual and quarterly reports filed by Baylake Corp. with the Securities
and Exchange Commission, including the its Form 10-Q for the quarter ended
September 30, 2000, as amended, and Form 10-K for the year ended December 31,
1999, describe some factors, including certain credit, market, operational,
liquidity and interest rate risks associated with the company's business and
operations. Other factors include changes in business and economic conditions,
competition, fiscal and monetary policies and legislation.

Forward-looking statements speak only as of the date they are made, and
Baylake Corp. does not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the forward-looking statements
are made.

4
Baylake Corp. and Subsidiaries
SUMMARY FINANCIAL DATA

The following tables set forth selected consolidated financial and other data
for Baylake Corp. at the dates and for the periods indicated. The selected
consolidated financial and other data at September 30, 2000 and at and for the
twelve months ended December 31, 2000 has not been audited but in the opinion of
management of Baylake Corp. reflects all necessary adjustments for a fair
presentation of results as of the dates and for the periods covered. In
addition, the selected consolidated financial and other data at and for the
twelve months ended December 31, 2000 is subject to possible adjustment as a
result of the year end audit of such financial statements.

AT AT AT
DECEMBER 31, SEPTEMBER 30, DECEMBER 31,
2000 2000 1999
------------ ------------- ------------
(DOLLARS IN THOUSANDS)

SELECTED FINANCIAL CONDITION DATA (AT END OF PERIOD):
Total assets................................................. $ 771,827 $743,979 $ 646,310
Investment securities(1)..................................... 159,465 147,954 145,080
Total loans.................................................. 555,466 532,319 447,019
Total deposits............................................... 553,254 547,717 504,074
Borrowings(2)................................................ 150,289 130,966 89,231
Notes payable and subordinated debt.......................... 7,911 8,011 264
Total shareholders' equity................................... 53,127 50,267 46,210
Non-performing loans, net of discount(3)(4) ................. 13,048 12,410 12,544
Non-performing assets, net of discount(3)(4)................. 13,924 12,973 12,615

AS OF AND FOR THE AS OF AND FOR THE
THREE MONTHS TWELVE MONTHS
ENDED DECEMBER 31, ENDED DECEMBER 31,
-------------------------- --------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)

SELECTED INCOME DATA:
Total interest income ........................................... $ 15,028 $ 12,077 $ 56,045 $ 46,467
Total interest expense .......................................... 9,013 6,191 32,099 23,280
---------- ---------- ---------- ----------
Net interest income ............................................. 6,015 5,886 23,946 23,187
Provision for loan losses ....................................... 215 312 545 850
---------- ---------- ---------- ----------
Net interest income after provision for loan losses ............. 5,800 5,574 23,401 22,327
Total non-interest income ....................................... 1,378 1,309 4,685 4,556
Total non-interest expense ...................................... 4,951 4,394 18,599 17,370
---------- ---------- ---------- ----------
Income before income tax ........................................ 2,227 2,489 9,487 9,523
Income tax provision ............................................ 537 498 2,778 2,600
---------- ---------- ---------- ----------
Net income ...................................................... $ 1,653 $ 1,991 $ 6,709 $ 6,923
========== ========== ========== ==========

PER SHARE DATA:(5)
Net income per share (basic) .................................... $ 0.22 $ 0.27 $ 0.90 $ 0.94
Net income per share (diluted) .................................. 0.22 0.23 0.88 0.90
Cash dividends per common share ................................. 0.11 0.10 0.41 0.37
Book value per share ............................................ 7.14 6.21 7.14 6.21

PERFORMANCE RATIOS:(6)
Return on average total assets .................................. 0.88% 1.24% 0.95% 1.12%
Return on average total shareholders' equity .................... 12.83 17.56 13.84 15.07
Net interest margin(7) .......................................... 3.66 4.29 3.88 4.35
Net interest spread(7) .......................................... 3.10 3.83 3.37 3.89
Non-interest income to average assets ........................... 0.74 0.82 0.66 0.74
Non-interest expense to average assets .......................... 2.66 2.75 2.64 2.82
Net overhead ratio(8) ........................................... 1.92 1.93 1.98 2.08
Average loan-to-average deposit ratio ........................... 96.71 87.31 99.86 85.54
Average interest-earning assets to average interest-bearing
liabilities................................................... 110.88 110.13 110.31 111.14

ASSET QUALITY RATIOS:(3)(4)(6)
Non-performing loans to total loans ............................. 2.35% 2.80% 2.35% 2.80%
Allowance for loan losses to:
Total loans ................................................ 1.26 1.70 1.26 1.70
Non-performing loans ....................................... 53.69 60.67 53.69 60.67
Net charge-offs to average loans ................................ 0.99 0.63 0.23 0.80
Non-performing assets to total assets ........................... 1.80 1.95 1.80 1.95

CAPITAL RATIOS:(6)(9)
Shareholders' equity to assets .................................. 6.88% 7.15% 6.88% 7.15%
Tier 1 risk-based capital ....................................... 7.80 8.81 7.80 8.81
Total risk-based capital ........................................ 8.97 10.07 8.97 10.07
Leverage ratio .................................................. 6.33 6.79 6.33 6.79

RATIO OF EARNINGS TO FIXED CHARGES:(10)
Including deposit interest ...................................... 1.25x 1.40x 1.30x 1.41x
Excluding deposit interest ...................................... 1.88 3.06 2.11 3.55

OTHER DATA AT END OF PERIOD:
Number of bank subsidiaries ..................................... 1 1 1 1
Number of banking facilities .................................... 25 23 25 23

- ----------

(1) Includes securities classified as held-to-maturity and available for
sale.

(2) Consists of Federal Home Loan Bank advances, federal funds purchased
and collateralized borrowings.

(3) Non-performing loans consist of non-accrual loans, guaranteed loans 90
days or more past due but still accruing interest and restructured
loans. Non-performing assets consist of non-performing loans and other
real estate owned.

(4) The increase in non-performing assets during the twelve months ended
December 31, 2000 was due, in part, to an increase in various
foreclosed properties taken into other real estate for purposes of
liquidation and an increase in non-accrual loans, a result of several
commercial real estate loans experiencing cashflow problems.

(5) Earnings and dividends per share are based on the weighted average
number of shares outstanding for the period. All per share data has
been adjusted to reflect a 2 for 1 stock dividend paid on November 15,
1999.

(6) With the exception of end of period ratios, all ratios are based on
average monthly balances and are annualized where appropriate.

(7) Net interest margin represents net interest income as a percentage of
average interest-earning assets, and net interest rate spread
represents the difference between the weighted average yield on
interest-earning assets and the weighted average cost of
interest-bearing liabilities.

(8) Net overhead ratio represents the difference between noninterest
expense and noninterest income, divided by average assets.

(9) The capital ratios are presented on a consolidated basis.

(10) For purposes of calculating the ratio of earnings to fixed charges,
earnings consist of income before taxes plus interest and rent expense.
Fixed charges consist of interest and rent expense.