<ARTICLE> 9 <CIK> 0000275119 <NAME> BAYLAKE CORP <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 8,785 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 2,738 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 62,399 <INVESTMENTS-CARRYING> 11,251 <INVESTMENTS-MARKET> 11,611 <LOANS> 217,847 <ALLOWANCE> 2,707 <TOTAL-ASSETS> 316,006 <DEPOSITS> 268,749 <SHORT-TERM> 6,789 <LIABILITIES-OTHER> 3,415 <LONG-TERM> 422 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,274 <OTHER-SE> 24,356 <TOTAL-LIABILITIES-AND-EQUITY> 316,006 <INTEREST-LOAN> 4,869 <INTEREST-INVEST> 1,099 <INTEREST-OTHER> 27 <INTEREST-TOTAL> 5,995 <INTEREST-DEPOSIT> 2,560 <INTEREST-EXPENSE> 2,620 <INTEREST-INCOME-NET> 3,375 <LOAN-LOSSES> 94 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,448 <INCOME-PRETAX> 1,675 <INCOME-PRE-EXTRAORDINARY> 1,171 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,171 <EPS-PRIMARY> .48 <EPS-DILUTED> .48 <YIELD-ACTUAL> 8.58 <LOANS-NON> 1,972 <LOANS-PAST> 0 <LOANS-TROUBLED> 708 <LOANS-PROBLEM> 2,154 <ALLOWANCE-OPEN> 2,617 <CHARGE-OFFS> 11 <RECOVERIES> 7 <ALLOWANCE-CLOSE> 2,707 <ALLOWANCE-DOMESTIC> 2,707 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0