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Article: Baylake Corp. Reports Financial Results for the Three and Six months Ended June 30, 2001.
- Article from:
- Business Wire
- Article date:
- July 23, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
STURGEON BAY, Wis.--(BUSINESS WIRE)--July 23, 2001
Baylake Corp. (OTC BB: BYLK), a bank holding company with $810.7 million in assets, reported net income of $3.4 million or $.45 per share for the six months ended June 30, 2001, as compared to $3.3 million or $.44 per share for the six months ended June 30, 2000. The increase in net income was primarily due to increased net interest income and other non-interest income offset to a lesser amount by increased other non-interest expense and provision for loan loss expense. Diluted earnings per share were $.44 for the first six months of 2001 compared to $.43 a year earlier. Return on assets ...
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