BAY FINANCIAL CORP <BAY> 3RD QTR FEB 28 Shr loss 1.34 dlrs vs profit two cts Net loss 4.5 mln vs profit 46,000 Revs 7.6 mln vs 8.9 mln Nine months Shr loss 1.41 dlrs vs loss two cts Net loss 4.7 mln vs loss 76,000 Revs 30.2 mln vs 23.8 mln NOTE:1986 includes gain on disposition of investments of 2,454 dlrs in 3rd qtr and 5,306 dlrs in nine months respectively. 1987 includes gain on disposition of investments of five dlrs in 3nd qtr and 7,052 dlrs in nine months.