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Article: Baylake Corp. Reports Financial Results for the Three and Nine Months Ended September 30, 2001.
- Article from:
- Business Wire
- Article date:
- October 22, 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)--Oct. 22, 2001
Baylake Corp. (OTC BB: BYLK), a bank holding company with $829.6 million in assets, reported net income of $5.3 million or $.70 per share for the nine months ended September 30, 2001, as compared to $5.1 million or $.68 per share for the nine months ended September 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 $.69 for the first nine months of 2001 compared to $.66 a year ...
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