| X | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| ROEBLING FINANCIAL CORP, INC.                          |
|--------------------------------------------------------|
| (Exact name of Registrant as specified in its charter) |

| New Jersey                                                    |   | 55-0873295                           |
|---------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Route 130 South and Delaware Avenue, Roebling, New Jersey |   | 08554      |   |
|-----------------------------------------------------------|--------|------------|--------|
| (Address of principal executive offices)                  |   | (Zip Code) |   |

| (609) 499-9400                                             |
|------------------------------------------------------------|
| (Registrant’s telephone number, including area code) |

| NA                                                                                  |
|-------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report)) |

|   | Large accelerated filer o                                            |   | Accelerated filer o         |
|--------|----------------------------------------------------------------------|--------|-----------------------------|
|   | Non-accelerated filer o(Do not check if a smaller reporting company) |   | Smaller reporting company x |

| Class                       |   | Outstanding      |
|-----------------------------|--------|------------------|
| $.10 par value common stock |   | 1,686,527 shares |

----

|                                                          |   |                                                        |                                |   PageNumber |
|---------------------------------------------------------------|--------|-------------------------------------------------------------|-------------------------------------|-------------------|
|                                                          |   |                                                        |                                |              |
| PART I - FINANCIAL INFORMATION OF ROEBLING FINANCIAL CORP, IN |   |
|                                                          |   |                                                        |                                |              |
| Item 1.                                                       |   | Consolidated Financial Statements and Notes Thereto         |                                | 1 – 16      |
| Item 2.                                                       |   | Management’s Discussion and Analysis of Financial     |                                |              |
|                                                          |   |                                                        | Condition and Results of Operations |              | 17 - 21 |
| Item 3.                                                       |   | Quantitative and Qualitative Disclosures About Market Risk  |                                | 21                |
| Item 4.                                                       |   | Controls and Procedures                                     |                                | 21                |
|                                                          |   |                                                        |                                |              |
| PART II - OTHER INFORMATION                                   |   |                                                        |
|                                                          |   |                                                        |                                |              |
| Item 1.                                                       |   | Legal Proceedings                                           |                                | 22                |
| Item 1A.                                                      |   | Risk Factors                                                |                                | 22                |
| Item 2.                                                       |   | Unregistered Sales of Equity Securities and Use of Proceeds |                                | 22                |
| Item 3.                                                       |   | Defaults upon Senior Securities                             |                                | 22                |
| Item 4.                                                       |   | Reserved                                                    |                                | 22                |
| Item 5.                                                       |   | Other Information                                           |                                | 22                |
| Item 6.                                                       |   | Exhibits                                                    |                                | 23                |
|                                                          |   |                                                        |                                |              |
| SIGNATURES                                                    |   | 24                                                          |

----

|                                                                     |   |      |    |   |          |   |
|--------------------------------------------------------------------------|--------|-----------|---------|--------|---------------|--------|
|                                                                     |   | March 31, |    |   | September 30, |   |
|                                                                     |   | 2011      |    |   | 2010          |   |
|                                                                     |   |      |    |   |          |   |
| Assets                                                                   |   |      |    |   |          |   |
|                                                                     |   |      |    |   |          |   |
| Cash and due from banks                                                  |   | $         | 875     |   |          | $      | 908 |   |
| Interest-bearing deposits                                                |   |      | 3,734   |   |          |   | 5,111 |   |
|      Total cash and cash equivalents            |   |      | 4,609   |   |          |   | 6,019 |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Securities available for sale                                            |   |      | 41,361  |   |          |   | 40,593 |   |
| Securities held to maturity                                              |   |      | 118     |   |          |   | 127 |   |
| Loans receivable, net                                                    |   |      | 111,743 |   |          |   | 111,967 |   |
| Real estate owned                                                        |   |      | 880     |   |          |   | 749 |   |
| Accrued interest receivable                                              |   |      | 513     |   |          |   | 504 |   |
| Federal Home Loan Bank of New York stock, at cost                        |   |      | 723     |   |          |   | 746 |   |
| Premises and equipment                                                   |   |      | 3,170   |   |          |   | 3,224 |   |
| Other assets                                                             |   |      | 2,967   |   |          |   | 2,829 |   |
|      Total assets                               |   | $         | 166,084 |   |          | $      | 166,758 |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Liabilities and Stockholders' Equity                                     |   |      |    |   |          |   |   |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Liabilities                                                              |   |      |    |   |          |   |   |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Deposits                                                                 |   | $         | 138,397 |   |          | $      | 138,769 |   |
| Borrowed funds                                                           |   |      | 9,500   |   |          |   | 10,000 |   |
| Advances from borrowers for taxes and insurance                          |   |      | 524     |   |          |   | 456 |   |
| Other liabilities                                                        |   |      | 1,509   |   |          |   | 1,417 |   |
|      Total liabilities                          |   |      | 149,930 |   |          |   | 150,642 |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Stockholders' equity                                                     |   |      |    |   |          |   |   |   |
|                                                                     |   |      |    |   |          |   |   |   |
| Serial preferred stock, $0.10 par value; 5,000,000 shares authorized;    |   |      |    |   |          |
|   none issued                                                  |   |      | -       |   |          |   | - |   |
| Common stock; $0.10 par value; 20,000,000 shares authorized;             |   |      |    |   |          |
|   1,718,473 issued                                             |   |      | 172     |   |          |   | 172 |   |
| Additional paid-in-capital                                               |   |      | 10,331  |   |          |   | 10,348 |   |
| Treasury stock; 31,946 shares, at cost                                   |   |      | (190    | )      |          |   | (190 | ) |
| Unallocated employee stock ownership plan shares                         |   |      | (271    | )      |          |   | (310 | ) |
| Unallocated restricted stock plan shares                                 |   |      | (94     | )      |          |   | (93 | ) |
| Deferred compensation obligation                                         |   |      | 261     |   |          |   | 240 |   |
| Stock purchased for deferred compensation plan                           |   |      | (261    | )      |          |   | (240 | ) |
| Retained earnings - substantially restricted                             |   |      | 5,808   |   |          |   | 5,502 |   |
| Accumulated other comprehensive income (loss):                           |   |      |    |   |          |   |   |   |
|   Unrealized gain on securities available for sale, net of tax |   |      | 517     |   |          |   | 813 |   |
|   Defined benefit plan, net of tax                             |   |      | (119    | )      |          |   | (126 | ) |
|      Total stockholders' equity                 |   |      | 16,154  |   |          |   | 16,116 |   |
|                                                                     |   |      |    |   |          |   |   |   |
|      Total liabilities and stockholders' equity |   | $         | 166,084 |   |          | $      | 166,758 |   |
|                                                                     |   |      |    |   |          |   |   |   |

----

|                                                                                                |   | For the Three Months Ended |   |
|-----------------------------------------------------------------------------------------------------|--------|----------------------------|--------|
|                                                                                                |   | March 31,                  |   |
|                                                                                                |   | 2011                       |   |   | 2010 |   |
|                                                                                                |   |                       |   |   |   |   |
| Interest income:                                                                                    |   |                       |   |   |   |   |
|    Loans receivable                                                                  |   | $                          | 1,390  |   |   | $ | 1,553 |   |
|    Securities                                                                        |   |                       | 327    |   |   |   | 384 |   |
|    Other interest-earning assets                                                     |   |                       | 9      |   |   |   | 12 |   |
|         Total interest income                               |   |                       | 1,726  |   |   |   | 1,949 |   |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Interest expense:                                                                                   |   |                       |   |   |   |   |   |   |
|    Deposits                                                                          |   |                       | 387    |   |   |   | 482 |   |
|    Borrowed funds                                                                    |   |                       | 50     |   |   |   | 88 |   |
|         Total interest expense                              |   |                       | 437    |   |   |   | 570 |   |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Net interest income before provision for loan losses                                                |   |                       | 1,289  |   |   |   | 1,379 |   |
| Provision for loan losses                                                                           |   |                       | 0      |   |   |   | 325 |   |
|         Net interest income after provision for loan losses |   |                       | 1,289  |   |   |   | 1,054 |   |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Non-interest income:                                                                                |   |                       |   |   |   |   |   |   |
|    Loan fees                                                                         |   |                       | 22     |   |   |   | 17 |   |
|    Account servicing and other                                                       |   |                       | 94     |   |   |   | 100 |   |
|    Gain on sale of loans                                                             |   |                       | 3      |   |   |   | 1 |   |
|         Total non-interest income                           |   |                       | 119    |   |   |   | 118 |   |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Non-interest expense:                                                                               |   |                       |   |   |   |   |   |   |
|    Compensation and benefits                                                         |   |                       | 578    |   |   |   | 567 |   |
|    Occupancy and equipment                                                           |   |                       | 129    |   |   |   | 136 |   |
|    Service bureau and data processing                                                |   |                       | 131    |   |   |   | 135 |   |
|    Federal deposit insurance premiums                                                |   |                       | 80     |   |   |   | 76 |   |
|    Real estate owned expense, net                                                    |   |                       | 10     |   |   |   | 301 |   |
|    Other expense                                                                     |   |                       | 228    |   |   |   | 239 |   |
|         Total non-interest expense                          |   |                       | 1,156  |   |   |   | 1,454 |   |
|                                                                                                |   |                       |   |   |   |   |   |   |
|         Income (loss) before income tax (benefit)           |   |                       | 252    |   |   |   | (282 | ) |
| Income tax (benefit)                                                                                |   |                       | 85     |   |   |   | (121 | ) |
|         Net income (loss)                                   |   |                       | 167    |   |   |   | (161 | ) |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Other comprehensive income (loss), net of tax:                                                      |   |                       |   |   |   |   |   |   |
|    Unrealized loss on securities available for sale, net of tax                      |   |                       | (55    | ) |   |   | (66 | ) |
|    Adjustment to minimum pension liability                                           |   |                       | 4      |   |   |   | 4 |   |
| Comprehensive income (loss)                                                                         |   | $                          | 116    |   |   | $ | (223 | ) |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Earnings (loss) per common share:                                                                   |   |                       |   |   |   |   |   |   |
|   Basic                                                                                   |   | $                          | 0.10   |   |   | $ | (0.10 | ) |
|   Diluted                                                                                 |   | $                          | 0.10   |   |   | $ | (0.10 | ) |
|                                                                                                |   |                       |   |   |   |   |   |   |
| Weighted average number of shares outstanding:                                                      |   |                       |   |   |   |   |   |   |
|   Basic                                                                                   |   |                       | 1,653  |   |   |   | 1,644 |   |
|   Diluted                                                                                 |   |                       | 1,653  |   |   |   | 1,644 |   |

----

|                                                                                                |   | For the Six Months Ended |   |
|-----------------------------------------------------------------------------------------------------|--------|--------------------------|--------|
|                                                                                                |   | March 31,                |   |
|                                                                                                |   | 2011                     |   |   | 2010 |   |
|                                                                                                |   |                     |   |   |   |   |
| Interest income:                                                                                    |   |                     |   |   |   |   |
|    Loans receivable                                                                  |   | $                        | 2,826  |   |   | $ | 3,166 |   |
|    Securities                                                                        |   |                     | 651    |   |   |   | 800 |   |
|    Other interest-earning assets                                                     |   |                     | 22     |   |   |   | 24 |   |
|         Total interest income                               |   |                     | 3,499  |   |   |   | 3,990 |   |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Interest expense:                                                                                   |   |                     |   |   |   |   |   |   |
|    Deposits                                                                          |   |                     | 808    |   |   |   | 1,027 |   |
|    Borrowed funds                                                                    |   |                     | 106    |   |   |   | 192 |   |
|         Total interest expense                              |   |                     | 914    |   |   |   | 1,219 |   |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Net interest income before provision for loan losses                                                |   |                     | 2,585  |   |   |   | 2,771 |   |
| Provision for loan losses                                                                           |   |                     | 50     |   |   |   | 750 |   |
|         Net interest income after provision for loan losses |   |                     | 2,535  |   |   |   | 2,021 |   |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Non-interest income:                                                                                |   |                     |   |   |   |   |   |   |
|    Loan fees                                                                         |   |                     | 44     |   |   |   | 38 |   |
|    Account servicing and other                                                       |   |                     | 195    |   |   |   | 208 |   |
|    Gain on sale of loans                                                             |   |                     | 11     |   |   |   | 3 |   |
|         Total non-interest income                           |   |                     | 250    |   |   |   | 249 |   |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Non-interest expense:                                                                               |   |                     |   |   |   |   |   |   |
|    Compensation and benefits                                                         |   |                     | 1,157  |   |   |   | 1,149 |   |
|    Occupancy and equipment                                                           |   |                     | 248    |   |   |   | 277 |   |
|    Service bureau and data processing                                                |   |                     | 260    |   |   |   | 273 |   |
|    Federal deposit insurance premiums                                                |   |                     | 160    |   |   |   | 158 |   |
|    Real estate owned expense, net                                                    |   |                     | 28     |   |   |   | 331 |   |
|    Other expense                                                                     |   |                     | 459    |   |   |   | 509 |   |
|         Total non-interest expense                          |   |                     | 2,312  |   |   |   | 2,697 |   |
|                                                                                                |   |                     |   |   |   |   |   |   |
|         Income (loss) before income tax (benefit)           |   |                     | 473    |   |   |   | (427 | ) |
| Income tax (benefit)                                                                                |   |                     | 167    |   |   |   | (185 | ) |
|         Net income (loss)                                   |   |                     | 306    |   |   |   | (242 | ) |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Other comprehensive income (loss), net of tax:                                                      |   |                     |   |   |   |   |   |   |
|    Unrealized gain (loss) on securities available for sale, net of tax               |   |                     | (296   | ) |   |   | (82 | ) |
|    Adjustment to minimum pension liability                                           |   |                     | 7      |   |   |   | 8 |   |
| Comprehensive income (loss)                                                                         |   | $                        | 17     |   |   | $ | (316 | ) |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Earnings (loss) per common share:                                                                   |   |                     |   |   |   |   |   |   |
|   Basic                                                                                   |   | $                        | 0.19   |   |   | $ | (0.15 | ) |
|   Diluted                                                                                 |   | $                        | 0.19   |   |   | $ | (0.15 | ) |
|                                                                                                |   |                     |   |   |   |   |   |   |
| Weighted average number of shares outstanding:                                                      |   |                     |   |   |   |   |   |   |
|   Basic                                                                                   |   |                     | 1,652  |   |   |   | 1,643 |   |
|   Diluted                                                                                 |   |                     | 1,652  |   |   |   | 1,643 |   |

----

|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |  Accumulated   |   |   |   |   |
|------------------------------------------------|--------|-------------|--------|--------|------------------|--------|--------|---------------|--------|--------|-------------------|--------|--------|-------------------|--------|--------|------------------------|--------|--------|----------------------|--------|--------|------------------|--------|--------|---------------------|--------|--------|--------|--------|
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   | Common               |   |   |             |   |   |  Other         |   |   |   |   |
|                                           |   |        |   |   |  Additional |   |   |          |   |   |  Unallocated |   |   |  Unallocated |   |   |  Deferred         |   |   |  Stock for      |   |   |             |   |   |  Comprehensive |   |   |   |   |
|                                           |   | CommonStock |   |   | Paid-inCapital   |   |   | TreasuryStock |   |   | ESOPShares        |   |   | RSPShares         |   |   | CompensationObligation |   |   | DeferredCompensation |   |   | RetainedEarnings |   |   | Income (Loss)       |   |   | Total  |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |
| Balance at September 30, 2010                  |   | $           | 172    |   |             | $      | 10,348 |          |   | $      | (190              | )      |   | $                 | (310   | )      |                   | $      | (93    | )                    |   | $      | 240              |   |   | $                   | (240   | )      |   | $      | 5,502 |   |   | $ | 687 |   |   | $ | 16,116 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income for the six months                  |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |
|   ended March 31, 2011               |   |        | -      |   |             |   | -      |          |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | -                |   |   |                | -      |   |   |   | 306 |   |   |   | - |   |   |   | 306 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of ESOP shares                    |   |        | -      |   |             |   | (18    | )             |   |   | -                 |   |   |              | 39     |   |                   |   | -      |                 |   |   | -                |   |   |                | -      |   |   |   | - |   |   |   | - |   |   |   | 21 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in unrealized gain (loss)               |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |
|   on securities available for sale,       |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   net of tax                         |   |        | -      |   |             |   | -      |          |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | -                |   |   |                | -      |   |   |   | - |   |   |   | (296 | ) |   |   | (296 | ) |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deferred compensation plan                     |   |        | -      |   |             |   | -      |          |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | 21               |   |   |                | -      |   |   |   | - |   |   |   | - |   |   |   | 21 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common stock acquired for                      |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
|   deferred compensation plan         |   |        | -      |   |             |   | -      |          |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | -                |   |   |                | (21    | )      |   |   | - |   |   |   | - |   |   |   | (21 | ) |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allocation of RSP shares                       |   |        | -      |   |             |   | 5      |          |   |   | -                 |   |   |              | -      |   |                   |   | (1     | )                    |   |   | -                |   |   |                | -      |   |   |   | - |   |   |   | - |   |   |   | 4 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax expense of stock benefit   plans |   |        | -      |   |             |   | (4     | )             |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | -                |   |   |                | -      |   |   |   | - |   |   |   | - |   |   |   | (4 | ) |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Adjustment to mimimum pension                  |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |
|   liability, net of tax              |   |        | -      |   |             |   | -      |          |   |   | -                 |   |   |              | -      |   |                   |   | -      |                 |   |   | -                |   |   |                | -      |   |   |   | - |   |   |   | 7 |   |   |   | 7 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at March 31, 2011                      |   | $           | 172    |   |             | $      | 10,331 |          |   | $      | (190              | )      |   | $                 | (271   | )      |                   | $      | (94    | )                    |   | $      | 261              |   |   | $                   | (261   | )      |   | $      | 5,808 |   |   | $ | 398 |   |   | $ | 16,154 |   |
|                                           |   |        |   |   |             |   |   |          |   |   |              |   |   |              |   |   |                   |   |   |                 |   |   |             |   |   |

----

|                                                                                                                                                                  |   | For the Six Months Ended |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|---------|
|                                                                                                                                                                  |   | March 31,                |    |
|                                                                                                                                                                  |   | 2011                     |    |   | 2010 |   |
|                                                                                                                                                                  |   |                     |    |   |   |   |
| Cash flows from operating activities:                                                                                                                                 |   |                     |    |   |   |   |
|    Net income (loss)                                                                                                                                   |   | $                        | 306     |   |   | $ | (242 | ) |
|   Adjustments to reconcile net income (loss) to cash provided by (used in)                                                                                       |   |                     |    |   |   |   |   |   |
|      operating activities:                                                                                                                   |   |                     |    |   |   |   |   |   |
|          Depreciation                                                                                                    |   |                     | 63      |   |   |   | 89 |   |
|          Amortization of premiums and discounts, net                                                                     |   |                     | 22      |   |   |   | 37 |   |
|          Amortization of deferred loan fees and costs, net                                                               |   |                     | 13      |   |   |   | 7 |   |
|          Provision for loan losses                                                                                       |   |                     | 50      |   |   |   | 750 |   |
|          Provision for losses on REO                                                                                     |   |                     | 19      |   |   |   | 246 |   |
|          (Gain) loss on sale of real estate owned, net                                                                   |   |                     | (1      | ) |   |   | 17 |   |
|          Originations of loans held for sale, net of repayments                                                          |   |                     | (3,842  | ) |   |   | (714 | ) |
|          Gain on sale of loans                                                                                           |   |                     | (11     | ) |   |   | (3 | ) |
|          Proceeds from sale of loans held for sale                                                                       |   |                     | 4,359   |   |   |   | 717 |   |
|          (Decrease) increase in other assets                                                                             |   |                     | 51      |   |   |   | (1,956 | ) |
|          (Increase) decrease in accrued interest receivable                                                              |   |                     | (9      | ) |   |   | 31 |   |
|          Increase in other liabilities                                                                                   |   |                     | 102     |   |   |   | 30 |   |
|          Amortization/allocation of ESOP and RSP                                                                         |   |                     | 25      |   |   |   | 24 |   |
|          Increase in deferred compensation stock obligation                                                              |   |                     | 21      |   |   |   | 42 |   |
|                    Net cash provided by (used in) operating activities |   |                     | 1,168   |   |   |   | (925 | ) |
|                                                                                                                                                                  |   |                     |    |   |   |   |   |   |
| Cash flows from investing activities:                                                                                                                                 |   |                     |    |   |   |   |   |   |
|     Purchase of securities available for sale                                                                                                     |   |                     | (10,028 | ) |   |   | (9,041 | ) |
|     Proceeds from payments and maturities of securities available for sale                                                                        |   |                     | 8,745   |   |   |   | 10,703 |   |
|     Proceeds from payments and maturities of securities held to maturity                                                                          |   |                     | 9       |   |   |   | 10 |   |
|     Net (increase) decrease in loans                                                                                                              |   |                     | (1,059  | ) |   |   | 2,485 |   |
|     Proceeds from sale of real estate owned                                                                                                       |   |                     | 566     |   |   |   | 347 |   |
|     Redemption (purchase) of Federal Home Loan Bank stock                                                                                         |   |                     | 23      |   |   |   | (135 | ) |
|     Purchase of premises and equipment                                                                                                            |   |                     | (10     | ) |   |   | (72 | ) |
|                    Net cash (used in) provided by investing activities |   |                     | (1,754  | ) |   |   | 4,297 |   |
|                                                                                                                                                                  |   |                     |    |   |   |   |   |   |
| Cash flows from financing activities:                                                                                                                                 |   |                     |    |   |   |   |   |   |
|     Net decrease in deposits                                                                                                                      |   |                     | (372    | ) |   |   | (6,587 | ) |
|     Net increase in short-term borrowed funds                                                                                                     |   |                     | 500     |   |   |   | 7,000 |   |
|     Repayment of long-term borrowed funds                                                                                                         |   |                     | (1,000  | ) |   |   | (4,000 | ) |
|     Increase (decrease) in advance payments by borrowers for taxes                                                                                |   |                     |    |   |   |   |   |   |
|        and insurance                                                                                                               |   |                     | 69      |   |   |   | (4 | ) |
|     Purchase of common shares for deferred compensation plan                                                                                      |   |                     | (21     | ) |   |   | (42 | ) |
|                    Net cash used in financing activities               |   |                     | (824    | ) |   |   | (3,633 | ) |
|                                                                                                                                                                  |   |                     |    |   |   |   |   |   |
|     Net decrease in cash and cash equivalents                                                                                                     |   |                     | (1,410  | ) |   |   | (261 | ) |
|     Cash and cash equivalents at beginning of period                                                                                              |   |                     | 6,019   |   |   |   | 4,074 |   |
|     Cash and cash equivalents at end of period                                                                                                    |   | $                        | 4,609   |   |   | $ | 3,813 |   |
|                                                                                                                                                                  |   |                     |    |   |   |   |   |   |
| Supplemental Disclosures of Cash Flow Information:                                                                                                                    |   |                     |    |   |   |   |   |   |
|     Cash paid for:                                                                                                                                |   |                     |    |   |   |   |   |   |
|         Interest on deposits and borrowed funds                                                                                    |   | $                        | 915     |   |   | $ | 1,217 |   |
|          Income taxes                                                                                                         |   |                     | 99      |   |   |   | - |   |
|                                                                                                                                                                  |   |                     |    |   |   |   |   |   |
|     Transfer of loans to real estate owned                                                                                                        |   |                     | 714     |   |   |   | 691 |   |

----

|                                             |   | Three Months Ended |      |   | Six Months Ended |   |
|--------------------------------------------------|--------|--------------------|-----------|--------|------------------|--------|
|                                             |   |  March 31,    |      |   |  March 31,  |   |
|                                             |   | 2011               |      |   | 2010             |   |   | 2011 |   |   | 2010 |   |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |
| Net income (loss)                                |   | $                  | 166,891   |   |             | $      | (160,696 | ) |   | $ | 306,089 |   |   | $ | (241,879 | ) |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares                   |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   outstanding for computation of       |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   basic EPS (1)                        |   |               | 1,653,357 |   |             |   | 1,644,206 |   |   |   | 1,652,213 |   |   |   | 1,643,063 |   |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Common-equivalent shares due to                  |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   the dilutive effect of stock options |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   and RSP awards                       |   |               | -         |   |             |   | - |   |   |   | - |   |   |   | - |   |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-average common shares                   |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|   for computation of diluted EPS       |   |               | 1,653,357 |   |             |   | 1,644,206 |   |   |   | 1,652,213 |   |   |   | 1,643,063 |   |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) per common share:                |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|    Basic                          |   | $                  | 0.10      |   |             | $      | (0.10 | ) |   | $ | 0.19 |   |   | $ | (0.15 | ) |
|    Diluted                        |   |               | 0.10      |   |             |   | (0.10 | ) |   |   | 0.19 |   |   |   | (0.15 | ) |
|                                             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| (1) Excludes unallocated ESOP shares             |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                       |   |  March 31, 2011 |       |
|----------------------------------------------------------------------------|--------|----------------------|------------|
|                                                                       |   | Amortized            |       |   |  Gross Unrealized |   |   | Estimated |   |
|                                                                       |   | Cost                 |       |   | Gains |   |   | Losses |   |   | Fair Value |   |
|                                                                       |   |                 |       |   |   |   |   |   |   |   |   |   |
| Investment Securities                                                      |   |                 |       |   |   |   |   |   |   |   |   |   |
|    U.S. Government and Agency Securities:                   |   |                 |       |   |   |   |   |   |   |   |   |   |
|       Due after one year through five years  |   | $                    | 4,000,000  |   |   | $ | 14,790 |   |   | $ | 22,370 |   |   | $ | 3,992,420 |   |
|       Due after five years through ten years |   |                 | 11,999,395 |   |   |   | 18,550 |   |   |   | 248,315 |   |   |   | 11,769,630 |   |
|                                                                       |   |                 |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Marketable Equity Securities                             |   |                 | 2,888      |   |   |   | - |   |   |   | 2,732 |   |   |   | 156 |   |
|                                                                       |   |                 |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Residential Mortgage-backed Securities                   |   |                 | 24,497,994 |   |   |   | 1,147,640 |   |   |   | 46,872 |   |   |   | 25,598,762 |   |
|                                                                       |   |                 |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   | $                    | 40,500,277 |   |   | $ | 1,180,980 |   |   | $ | 320,289 |   |   | $ | 41,360,968 |   |
|                                                                       |   |                 |       |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                       |   |  September 30, 2010 |       |
|----------------------------------------------------------------------------|--------|--------------------------|------------|
|                                                                       |   | Amortized                |       |   |  Gross Unrealized |   |   | Estimated |   |
|                                                                       |   | Cost                     |       |   | Gains |   |   | Losses |   |   | Fair Value |   |
|                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |
| Investment Securities                                                      |   |                     |       |   |   |   |   |   |   |   |   |   |
|    U.S. Government and Agency Securities:                   |   |                     |       |   |   |   |   |   |   |   |   |   |
|       Due after one year through five years  |   | $                        | 4,000,000  |   |   | $ | 33,440 |   |   | $ | - |   |   | $ | 4,033,440 |   |
|       Due after five years through ten years |   |                     | 10,748,648 |   |   |   | 55,347 |   |   |   | 2,810 |   |   |   | 10,801,185 |   |
|                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Marketable Equity Securities                             |   |                     | 2,888      |   |   |   | - |   |   |   | 2,780 |   |   |   | 108 |   |
|                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Residential Mortgage-backed Securities                   |   |                     | 24,487,924 |   |   |   | 1,270,228 |   |   |   | - |   |   |   | 25,758,152 |   |
|                                                                       |   |                     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                       |   | $                        | 39,239,460 |   |   | $ | 1,359,015 |   |   | $ | 5,590 |   |   | $ | 40,592,885 |   |

----

|                                                                     |   | March 31, 2011       |       |
|--------------------------------------------------------------------------|--------|----------------------|------------|
|                                                                     |   |  Under One Year |       |   | One Year or More |   |
|                                                                     |   |                 |       |   |   |   |   |   |   |   |   |   |
|                                                                     |   |                 |       |   | Gross |   |   |   |   |   | Gross |   |
|                                                                     |   | Estimated            |       |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |
|                                                                     |   | Fair Value           |       |   | Loss |   |   | Fair Value |   |   | Loss |   |
|                                                                     |   |                 |       |   |   |   |   |   |   |   |   |   |
| U.S. Government and Agency Securities                                    |   | $                    | 9,728,710  |   |   | $ | 270,685 |   |   | $ | - |   |   | $ | - |   |
| Marketable Equity Securities                                             |   |                 | -          |   |   |   | - |   |   |   | 156 |   |   |   | 2,732 |   |
| Residential Mortgage-backed Securities                                   |   |                 | 1,948,311  |   |   |   | 46,872 |   |   |   | - |   |   |   | - |   |
|                                                                     |   |                 |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total available for sale |   | $                    | 11,677,021 |   |   | $ | 317,557 |   |   | $ | 156 |   |   | $ | 2,732 |   |

|                                                                     |   | September 30, 2010   |      |
|--------------------------------------------------------------------------|--------|----------------------|-----------|
|                                                                     |   |  Under One Year |      |   | One Year or More |   |
|                                                                     |   |                 |      |   |   |   |   |   |   |   |   |   |
|                                                                     |   |                 |      |   | Gross |   |   |   |   |   | Gross |   |
|                                                                     |   | Estimated            |      |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |
|                                                                     |   | Fair Value           |      |   | Loss |   |   | Fair Value |   |   | Loss |   |
|                                                                     |   |                 |      |   |   |   |   |   |   |   |   |   |
| U.S. Government and Agency Securities                                    |   | $                    | 1,997,190 |   |   | $ | 2,810 |   |   | $ | - |   |   | $ | - |   |
| Marketable Equity Securities                                             |   |                 | -         |   |   |   | - |   |   |   | 108 |   |   |   | 2,780 |   |
|                                                                     |   |                 |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total available for sale |   | $                    | 1,997,190 |   |   | $ | 2,810 |   |   | $ | 108 |   |   | $ | 2,780 |   |
|                                                                     |   |                 |      |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                      |   | March 31, |    |   | September 30, |   |
|-------------------------------------------|--------|-----------|---------|--------|---------------|--------|
|                                      |   | 2011      |    |   | 2010          |   |
|                                      |   |      |    |   |          |   |
| Residential Mortgage-backed Securities:   |   |      |    |   |          |   |
|    Amortized cost          |   | $         | 118,079 |   |          | $      | 127,306 |   |
|    Gross unrealized gains  |   |      | 4,957   |   |          |   | 5,191 |   |
|    Gross unrealized losses |   |      | -       |   |          |   | (21 | ) |
|                                      |   |      |    |   |          |   |   |   |
|    Estimated fair value    |   | $         | 123,036 |   |          | $      | 132,476 |   |

----

|                      | Past Due                                                                                          |   |                                                                                              |   | Total                                                                                             |   |                                                                                              |   |                                                                                   |   |
|---------------------------|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                      | 30-59                                                                                             |   | 60-89                                                                                             |   | 90+                                                                                               |   |                                                                                              |   |                                                                                   |   | Loans |   |   |   |   | 90+ and |
| (In thousands)            |  Days                                                                                        |   |  Days                                                                                        |   |  Days                                                                                        |   |  Total                                                                                       |   |  Current                                                                          |   |  Receivable |   |  Non-accrual |  Accruing |
|                      |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                   |   |   |   |   |   |   |   |
| Residential:              |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                   |   |   |   |   |   |   |   |
|   Mortgage      |  $         504                                  |   |  $             -            |   |  $         349                                  |   |  $         853                                  |   |  $    54,959                                                  |   |  $    55,812 |   |   |  $         349 |   |  $             - |
|   Home equity   |             160                       |   |               31            |   |             126                       |   |             317                       |   |        27,813                                       |   |        28,130 |   |   |             126 |   |                 - |
| Commercial purpose        |               38            |   |                 - |   |          4,510                                       |   |          4,548                                       |   |        26,066                                       |   |        30,614 |   |   |          4,319 |   |             190 |
| Consumer:                 |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                              |   |                                                                                   |   |   |   |   |   |   |   |
|   Account loans |                 - |   |                 - |   |                 - |   |                 - |   |               78 |   |               78 |   |   |                  - |   |                 - |
|   Unsecured     |                 - |   |                 - |   |                 - |   |                 - |   |               78 |   |               78 |   |   |                  - |   |                 - |
|   Other         |  -                                                                                           |   |  -                                                                                           |   |  -                                                                                           |   |                 - |   |             120            |   |             120 |   |   |  - |   |  - |
|                      |  $         702                                  |   |  $           31                       |   |  $      4,985                                                  |   |  $      5,718                                                  |   |  $  109,114                                                             |   |  $  114,832 |   |   |  $      4,794 |   |  $         190 |

|                      |   | For the Six Months Ended March 31, 2011 |   |
|---------------------------|--------|-----------------------------------------|--------|
|                      |   |                                    |   |   | Commercial |   |   |   |   |   |   |   |   |   |   |
| (In thousands)            |   | Residential                             |   |   | Purpose |   |   | Consumer |   |   | Unallocated |   |   | Total |   |
|                      |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning balance         |   | $                                       | 484    |   |   | $ | 2,664 |   |   | $ | 18 |   |   | $ | 42 |   |   | $ | 3,208 |   |
| Provision for loan losses |   |                                    | (113   | ) |   |   | 193 |   |   |   | (14 | ) |   |   | (16 | ) |   |   | 50 |   |
| Charge-offs               |   |                                    | (80    | ) |   |   | (71 | ) |   |   | - |   |   |   | - |   |   |   | (151 | ) |
| Recoveries                |   |                                    | -      |   |   |   | 8 |   |   |   | - |   |   |   | - |   |   |   | 8 |   |
| Ending Balance            |   | $                                       | 291    |   |   | $ | 2,794 |   |   | $ | 4 |   |   | $ | 26 |   |   | $ | 3,115 |   |

|                                |   |        |   |   | Commercial |   |   |     |   |   |        |   |   |   |   |
|-------------------------------------|--------|-------------|--------|--------|------------|--------|--------|----------|--------|--------|-------------|--------|--------|--------|--------|
| (In thousands)                      |   | Residential |   |   | Purpose    |   |   | Consumer |   |   | Unallocated |   |   | Total  |   |
|                                |   |        |   |   |       |   |   |     |   |   |        |   |   |   |   |
| Individually                        |   | $           | 27     |   |       | $      | 1,882  |     |   | $      | -           |   |   | $      | -      |   |   | $ | 1,909 |   |
| Collectively                        |   |        | 264    |   |       |   | 912    |     |   |   | 4           |   |   |   | 26     |   |   |   | 1,206 |   |
|      Total |   | $           | 291    |   |       | $      | 2,794  |     |   | $      | 4           |   |   | $      | 26     |   |   | $ | 3,115 |   |

|                                |   |        |   |   | Commercial |   |   |     |   |   |   |   |   |   |   |
|-------------------------------------|--------|-------------|--------|--------|------------|--------|--------|----------|--------|--------|--------|--------|--------|--------|--------|
| (In thousands)                      |   | Residential |   |   | Purpose    |   |   | Consumer |   |   |   |   |   | Total  |   |
|                                |   |        |   |   |       |   |   |     |   |   |   |   |   |   |   |
| Individually                        |   | $           | 236    |   |       | $      | 5,062  |     |   | $      | -      |   |   |   |   |   |   | $ | 5,298 |   |
| Collectively                        |   |        | 83,706 |   |       |   | 25,552 |     |   |   | 276    |   |   |   |   |   |   |   | 109,534 |   |
|      Total |   | $           | 83,942 |   |       | $      | 30,614 |     |   | $      | 276    |   |   |   |   |   |   | $ | 114,832 |   |

----

|                                         |   |                 |   |   |           |   |   |           |   |   | For the Three Months Ended |   |   | For the Six Months Ended |   |
|----------------------------------------------|--------|----------------------|--------|--------|----------------|--------|--------|----------------|--------|--------|----------------------------|--------|--------|--------------------------|--------|
|                                         |   | As of March 31, 2011 |   |   | March 31, 2011 |   |   | March 31, 2011 |   |
|                                         |   |                 |   |   | Unpaid         |   |   |           |   |   | Average                    |   |   | Interest                 |   |   | Average |   |   | Interest |   |
|                                         |   | Recorded             |   |   | Principal      |   |   | Related        |   |   | Recorded                   |   |   | Income                   |   |   | Recorded |   |   | Income |   |
| (In thousands)                               |   | Investment           |   |   | Balance        |   |   | Allowance      |   |   | Investment                 |   |   | Recognized               |   |   | Investment |   |   | Recognized |   |
|                                         |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |
| With no related allowance:                   |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |
|    Residential                |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |
|      Mortgage       |   | $                    | 32     |   |           | $      | 32     |           |   | $      | -                          |   |   | $                        | 31     |   |   | $ | - |   |   | $ | 31 |   |   | $ | - |   |
|      Home equity    |   |                 | 97     |   |           |   | 97     |           |   |   | -                          |   |   |                     | 65     |   |   |   | - |   |   |   | 51 |   |   |   | - |   |
|   Commercial purpose               |   |                 | 2,243  |   |           |   | 2,243  |           |   |   | -                          |   |   |                     | 1,396  |   |   |   | 2 |   |   |   | 1,336 |   |   |   | 4 |   |
|                                         |   |                 | 2,372  |   |           |   | 2,372  |           |   |   | -                          |   |   |                     | 1,492  |   |   |   | 2 |   |   |   | 1,418 |   |   |   | 4 |   |
|                                         |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| With a related allowance:                    |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Residential                |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Mortgage       |   |                 | 107    |   |           |   | 107    |           |   |   | 27                         |   |   |                     | 415    |   |   |   | - |   |   |   | 526 |   |   |   | - |   |
|      Home equity    |   |                 | -      |   |           |   | -      |           |   |   | -                          |   |   |                     | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |
|   Commercial purpose               |   |                 | 2,819  |   |           |   | 2,819  |           |   |   | 1,882                      |   |   |                     | 2,821  |   |   |   | - |   |   |   | 2,907 |   |   |   | 2 |   |
|                                         |   |                 | 2,926  |   |           |   | 2,926  |           |   |   | 1,909                      |   |   |                     | 3,236  |   |   |   | - |   |   |   | 3,433 |   |   |   | 2 |   |
|                                         |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total:                                       |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Residential                |   |                 |   |   |           |   |   |           |   |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Mortgage       |   |                 | 139    |   |           |   | 139    |           |   |   | 27                         |   |   |                     | 446    |   |   |   | - |   |   |   | 557 |   |   |   | - |   |
|      Home equity    |   |                 | 97     |   |           |   | 97     |           |   |   | -                          |   |   |                     | 65     |   |   |   | - |   |   |   | 51 |   |   |   | - |   |
|   Commercial purpose               |   |                 | 5,062  |   |           |   | 5,062  |           |   |   | 1,882                      |   |   |                     | 4,217  |   |   |   | 2 |   |   |   | 4,243 |   |   |   | 6 |   |
|      Total impaired |   | $                    | 5,298  |   |           | $      | 5,298  |           |   | $      | 1,909                      |   |   | $                        | 4,728  |   |   | $ | 2 |   |   | $ | 4,851 |   |   | $ | 6 |   |

| Credit Risk Profile by Classification: |   |        |   |   |        |   |   |
|----------------------------------------|--------|-------------|--------|--------|-------------|--------|--------|
|                                   |   | Residential |   |   | Commercial  |   |
| (In thousands)                         |   | Mortgage    |   |   | Home Equity |   |   | Purpose |   |
|                                   |   |        |   |   |        |   |   |   |   |
| Pass                                   |   | $           | 53,958 |   |        | $      | 27,960 |   |   | $ | 20,095 |   |
| Special mention                        |   |        | 1,716  |   |        |   | 44     |   |   |   | 2,179 |   |
| Substandard                            |   |        | 111    |   |        |   | 126    |   |   |   | 6,458 |   |
| Doubtful                               |   |        | -      |   |        |   | -      |   |   |   | - |   |
| Loss                                   |   |        | 27     |   |        |   | -      |   |   |   | 1,882 |   |
|    Total                |   | $           | 55,812 |   |        | $      | 28,130 |   |   | $ | 30,614 |   |
|                                   |   |        |   |   |        |   |   |   |   |   |   |   |
| Credit Risk Profile by Performance:    |   |        |   |   |        |   |   |   |   |
|                                   |   | Consumer    |   |
|                                   |   | Account     |   |   |        |   |   |   |   |   |   |
| (In thousands)                         |   | Loans       |   |   | Unsecured   |   |   | Other |   |
|                                   |   |        |   |   |        |   |   |   |   |   |   |   |
| Performing                             |   | $           | 78     |   |        | $      | 78     |   |   | $ | 120 |   |
| Non-performing                         |   |        | -      |   |        |   | -      |   |   |   | - |   |
|    Total                |   | $           | 78     |   |        | $      | 78     |   |   | $ | 120 |   |

----

| Number    |    |   | Exercise |   | Remaining        |
|-----------|---------|--------|----------|--------|------------------|
| of Shares |    |   | Price    |   | Contractual Life |
|      |    |   |     |   |             |
|      | 54,642  |   |     | $      | 10.000           |   | 4.8 years |
|      | 48,600  |   |     |   | 12.725           |   | 5.4 years |
|      |    |   |     |   |             |   |   |
|      | 103,242 |   |     | $      | 11.283           |   | 5.1 years |

|                           |   |      |   |   | Weighted   |   |
|--------------------------------|--------|-----------|--------|--------|------------|--------|
|                           |   |      |   |   | Average    |   |
|                           |   | Number    |   |   | Grant Date |   |
|                           |   | of Shares |   |   | Fair Value |   |
|                           |   |      |   |   |       |   |
| Outstanding September 30, 2010 |   |      | 4,912  |   |       | $      | 7.665 |   |
| Granted                        |   |      | -      |   |       |   | - |   |
| Vested                         |   |      | (2,116 | )      |       |   | 8.613 |   |
| Forfeited                      |   |      | -      |   |       |   | - |   |
|                           |   |      |   |   |       |   |   |   |
| Outstanding March 31, 2011     |   |      | 2,796  |   |       | $      | 6.948 |   |

----

| Level 1: | Quoted prices in active markets for identical assets or liabilities. |
|----------|----------------------------------------------------------------------|

| Level 2: | Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; or observable market data. |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Level 3: | Unobservable inputs where there is little, if any, market activity and that are developed based on the best information available under the circumstances. |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                            |   | Level 1                |   |   | Level 2 |   |   | Level 3 |   |   | Total  |   |
|---------------------------------------------------------------------------------|--------|------------------------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------|
|                                                                            |   | (Dollars in thousands) |   |
| March 31, 2011                                                                  |   |                   |   |   |    |   |   |    |   |   |   |   |
|    Securities available for sale:                                |   |                   |   |   |    |   |   |    |   |   |   |   |
|        U.S. government and agency securities |   | $                      | -      |   |    | $      | 15,762 |    |   | $      | -      |   |   | $ | 15,762 |   |
|        Mortgage-backed securities            |   |                   | -      |   |    |   | 25,599 |    |   |   | -      |   |   |   | 25,599 |   |
|                                                                            |   |                   |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| September 30, 2010                                                              |   |                   |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
|    Securities available for sale:                                |   |                   |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
|        U.S. government and agency securities |   | $                      | -      |   |    | $      | 14,835 |    |   | $      | -      |   |   | $ | 14,835 |   |
|        Mortgage-backed securities            |   |                   | -      |   |    |   | 25,758 |    |   |   | -      |   |   |   | 25,758 |   |

|                                      |   | Level 1                |   |   | Level 2 |   |   | Level 3 |   |   | Total  |   |
|-------------------------------------------|--------|------------------------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------|
|                                      |   | (Dollars in thousands) |   |
| March 31, 2011                            |   |                   |   |   |    |   |   |    |   |   |   |   |
|     Impaired loans    |   | $                      | -      |   |    | $      | -      |    |   | $      | 1,016  |   |   | $ | 1,016 |   |
|     Real estate owned |   |                   | -      |   |    |   | -      |    |   |   | 880    |   |   |   | 880 |   |
|                                      |   |                   |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| September 30, 2010                        |   |                   |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
|     Impaired loans    |   | $                      | -      |   |    | $      | -      |    |   | $      | 2,400  |   |   | $ | 2,400 |   |
|     Real estate owned |   |                   | -      |   |    |   | -      |    |   |   | 749    |   |   |   | 749 |   |

----

----

|                          |   | March 31, 2011 |    |   | September 30, 2010 |   |
|-------------------------------|--------|----------------|---------|--------|--------------------|--------|
|                          |   | Carrying       |    |   | Fair               |   |   | Carrying |   |   | Fair |   |
|                          |   | Amount         |    |   | Value              |   |   | Amount |   |   | Value |   |
|                          |   |           |    |   |               |   |   |   |   |   |   |   |
| Financial Assets              |   |           |    |   |               |   |   |   |   |   |   |   |
|                          |   |           |    |   |               |   |   |   |   |   |   |   |
| Cash and cash equivalents     |   | $              | 4,609   |   |               | $      | 4,609 |   |   | $ | 6,019 |   |   | $ | 6,019 |   |
| Securities available for sale |   |           | 41,361  |   |               |   | 41,361 |   |   |   | 40,593 |   |   |   | 40,593 |   |
| Securities held to maturity   |   |           | 118     |   |               |   | 123 |   |   |   | 127 |   |   |   | 132 |   |
| Loans receivable              |   |           | 111,743 |   |               |   | 115,016 |   |   |   | 111,967 |   |   |   | 118,333 |   |
| Accrued interest receivable   |   |           | 513     |   |               |   | 513 |   |   |   | 504 |   |   |   | 504 |   |
| FHLB stock                    |   |           | 723     |   |               |   | 723 |   |   |   | 746 |   |   |   | 746 |   |
|                          |   |           |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities         |   |           |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |           |    |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                      |   |           | 138,397 |   |               |   | 140,136 |   |   |   | 138,769 |   |   |   | 141,321 |   |
| Borrowed funds                |   |           | 9,500   |   |               |   | 9,796 |   |   |   | 10,000 |   |   |   | 10,412 |   |

----

----

| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

----

----

|                      |   | Three Months Ended |      |   | Six Months Ended |   |
|---------------------------|--------|--------------------|-----------|--------|------------------|--------|
|                      |   |  March 31,    |      |   |  March 31,  |   |
|                      |   | 2011               |      |   | 2010             |   |   | 2011 |   |   | 2010 |   |
|                      |   |               |      |   |             |   |   |   |   |   |   |   |
| Balance - beginning       |   | $                  | 3,187,052 |   |             | $      | 2,867,881 |   |   | $ | 3,207,851 |   |   | $ | 2,919,597 |   |
| Provision for loan losses |   |               | -         |   |             |   | 325,000 |   |   |   | 50,000 |   |   |   | 750,000 |   |
| Charge-offs               |   |               | (79,985   | )      |             |   | (249,586 | ) |   |   | (150,889 | ) |   |   | (726,356 | ) |
| Recoveries                |   |               | 7,623     |   |             |   | 204 |   |   |   | 7,728 |   |   |   | 258 |   |
|                      |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Balance - ending          |   | $                  | 3,114,690 |   |             | $      | 2,943,499 |   |   | $ | 3,114,690 |   |   | $ | 2,943,499 |   |

----

| (Dollars in thousands)         |   | Amount |   |   | Ratio  |   |
|--------------------------------|--------|--------|--------|--------|--------|--------|
|                           |   |   |   |   |   |   |
| Tangible capital               |   | $      | 13,961 |   |   |   | 8.45 | % |
| Tangible capital requirement   |   |   | 2,478  |   |   |   | 1.50 | % |
| Excess over requirement        |   | $      | 11,483 |   |   |   | 6.95 | % |
|                           |   |   |   |   |   |   |   |   |
| Core capital                   |   | $      | 13,961 |   |   |   | 8.45 | % |
| Core capital requirement       |   |   | 6,609  |   |   |   | 4.00 | % |
| Excess over requirement        |   | $      | 7,352  |   |   |   | 4.45 | % |
|                           |   |   |   |   |   |   |   |   |
| Risk-based capital             |   | $      | 15,166 |   |   |   | 15.31 | % |
| Risk-based capital requirement |   |   | 7,923  |   |   |   | 8.00 | % |
| Excess over requirement        |   | $      | 7,243  |   |   |   | 7.31 | % |

|                                       |   |                       |   |   |     |   |
|--------------------------------------------|--------|----------------------------|--------|--------|----------|--------|
|                                       |   | At or for the Three Months |   |
|                                       |   | Ended March 31,            |   |
|                                       |   | 2011 (1)                   |   |   | 2010 (1) |   |
| Earnings (loss) per common share (2):      |   |                       |   |   |     |   |
| Basic                                      |   | $                          | 0.10   |   |     | $      | (0.10 | ) |
| Diluted                                    |   | $                          | 0.10   |   |     | $      | (0.10 | ) |
| Return on average assets (1)               |   |                       | 0.40   | %      |     |   | (0.38 | )% |
| Return on average equity (1)               |   |                       | 4.15   | %      |     |   | (3.98 | )% |
| Interest rate spread (1)                   |   |                       | 3.00   | %      |     |   | 3.22 | % |
| Net interest margin (1)                    |   |                       | 3.28   | %      |     |   | 3.53 | % |
| Non-interest expense to average assets (1) |   |                       | 2.79   | %      |     |   | 3.46 | % |
| Non-performing assets to total assets      |   |                       | 3.53   | %      |     |   | 3.99 | % |
| Non-performing loans to total loans        |   |                       | 4.34   | %      |     |   | 4.63 | % |
| Book value per share (3)                   |   | $                          | 9.58   |   |     | $      | 9.47 |   |

|   |                                                                                                  |   |
|--------|-------------------------------------------------------------------------------------------------------|--------|
| (1)    | The ratios for the three month periods presented are annualized.                                      |
| (2)    | The average number of shares outstanding during the three months ended March 31, 2011                 |
|   | was 1,653,357 basic and diluted.  The average number of shares outstanding during the three |
|   | months ended March 31, 2010 was 1,644,206 basic and diluted.                                          |
| (3)    | There were 1,686,527 shares outstanding at March 31, 2011 and March 31, 2010.                         |

----

|                                       |   | For the Six Months |   |
|--------------------------------------------|--------|--------------------|--------|
|                                       |   | Ended March 31,    |   |
|                                       |   | 2011 (1)           |   |   | 2010 (1) |   |
| Earnings (loss) per common share (2):      |   |               |   |   |   |   |
| Basic                                      |   | $                  | 0.19   |   |   | $ | (0.15 | ) |
| Diluted                                    |   | $                  | 0.19   |   |   | $ | (0.15 | ) |
| Return on average assets (1)               |   |               | 0.37   | % |   |   | (0.29 | )% |
| Return on average equity (1)               |   |               | 3.79   | % |   |   | (2.99 | )% |
| Interest rate spread (1)                   |   |               | 2.98   | % |   |   | 3.17 | % |
| Net interest margin (1)                    |   |               | 3.27   | % |   |   | 3.50 | % |
| Non-interest expense to average assets (1) |   |               | 2.79   | % |   |   | 3.20 | % |

|   |                                                                                                   |   |
|--------|--------------------------------------------------------------------------------------------------------|--------|
| (1)    | The ratios for the six month periods presented are annualized.                                         |
| (2)    | The average number of shares outstanding during the six months ended March 31, 2011 was                |
|   | 1,652,213 basic and diluted.  The average number of shares outstanding during the six months |
|   | ended March 31, 2010 was 1,643,063 basic and diluted.                                                  |

----

| ITEM 1. | LEGAL PROCEEDINGS |
|---------|-------------------|

| ITEM 1A. | RISK FACTORS |
|----------|--------------|

| ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|---------|-------------------------------------------------------------|

|      Period |    (a) Total Number    of Shares (or Units) Purchased |   (b)Average PricePaid per Share(or Unit) | (c) Total Numberof Shares (or Units)Purchased as Partof PubliclyAnnounced Plansor Programs* | (d) Maximum Number(or Approximate DollarValue) of Shares (orUnits) that May Yet BePurchased Under thePlans or Programs* |
|--------------------------------------|----------------------------------------------------------------------------------------------------|-----------------------------------------------------|---------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
|  January 1 through 31      |     100 **                                                                     |  $4.85                                         |          -                                     |  63,412                                                                                                            |
|  February 1 through 28     |         -                                                  |         -   |           -                               |  63,412                                                                                                       |
|  March 1 through 31        |         -                                                  |         -   |           -                               |  63,412                                                                                                       |
|  Total                     |    100                                                                              |  $4.85                                         |           -                               |                                                                                                                    |

|   | * | The Company announced the repurchase of up to approximately 85,500 shares on December 13, 2005 and 47,000 shares for the RSP on January 31, 2006. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ** | Represents shares purchased for the Deferred Compensation Plan. |
|--------|----|-----------------------------------------------------------------|

| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
|---------|---------------------------------|

| ITEM 4. | RESERVED |
|---------|----------|

| ITEM 5. | OTHER INFORMATION |
|---------|-------------------|

----

| ITEM 6. | EXHIBITS |
|---------|----------|

|   | List of Exhibits: |
|--------|-------------------|

| 3.1   | Certificate of Incorporation* |
|-----------------|-------------------------------|

| 3.2   | Bylaws** |
|-----------------|----------|

| 4.0   | Form of Stock Certificate*** |
|-----------------|------------------------------|

| 10.1   | Directors Consultation and Retirement Plan******* |
|------------------|---------------------------------------------------|

| 10.2   | Stock Option Plan**** |
|------------------|-----------------------|

| 10.3   | Restricted Stock Plan**** |
|------------------|---------------------------|

| 10.4   | Employment Agreement between Janice A. Summers and Roebling Bank******** |
|------------------|--------------------------------------------------------------------------|

| 10.5   | Employment Agreement between Frank J. Travea, III and Roebling Bank******** |
|------------------|-----------------------------------------------------------------------------|

| 10.6   | Roebling Financial Corp, Inc. 2006 Stock Option Plan***** |
|------------------|-----------------------------------------------------------|

| 10.7   | Roebling Bank 2006 Restricted Stock Plan***** |
|------------------|-----------------------------------------------|

| 10.8   | Directors Change in Control Severance Plan****** |
|------------------|--------------------------------------------------|

| 10.9   | Directors Deferred Compensation Agreement between John J. Ferry and Roebling Bank******* |
|------------------|------------------------------------------------------------------------------------------|

| 10.10   | Directors Deferred Compensation Agreement between George N. Nyikita and Roebling Bank******* |
|-------------------|----------------------------------------------------------------------------------------------|

| 10.11   | Directors Deferred Compensation Agreement between Mark V. Dimon and Roebling Bank******** |
|-------------------|-------------------------------------------------------------------------------------------|

| 10.12   | Supervisory Agreement, dated June 17, 2009********* |
|-------------------|-----------------------------------------------------|

| *         |   | Incorporated herein by reference to the Company’s Form 8-A (File No. 0-59069) filed with the Commission on September 30, 2004.                          |
|-----------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **        |   | Incorporated herein by reference to the Company’s Quarterly Report on Form 10-QSB for the quarter ended March 31, 2005.                                 |
| ***       |   | Incorporated herein by reference to the Company’s Registration Statement on Form SB-2 (File No. 333-116312) filed with the Commission on June 9, 2004.  |
| ****      |   | Incorporated herein by reference to Company’s Registration Statement on Form S-8 (File No. 333- 119839) filed with the Commission on October 20, 2004.  |
| *****     |   | Incorporated herein by reference to Company’s Registration Statement on Form S-8 (File No. 333- 132059) filed with the Commission on February 27, 2006. |
| ******    |   | Incorporated herein by reference to the Company’s Quarterly Report on Form 10-QSB for the quarter ended March 31, 2008.                                 |
| *******   |   | Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended  December 31, 2008.                     |
| ********  |   | Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2009.                                   |
| ********* |   | Incorporated herein by reference to the Company’s Current Report on Form 8-K filed with the Commission on June 18, 2009.                                |

----

|   |         |   | ROEBLING FINANCIAL CORP, INC.  |
|--------|--------------|--------|-------------------------------------|
|   |         |   |                                |   |
| Date:  | May 13, 2011 |   | By:                                 | /s/ Frank J. Travea, III |
|   |         |   |                                | Frank J. Travea, III |
|   |         |   |                                | President and Chief Executive Officer |
|   |         |   |                                | (Principal Executive Officer) |
|   |         |   |                                |   |
|   |         |   |                                |   |
| Date:  | May 13, 2011 |   | By:                                 | /s/ Janice A. Summers |
|   |         |   |                                | Janice A. Summers |
|   |         |   |                                | Senior Vice President, Chief Operating Officer and |
|   |         |   |                                | Chief Financial Officer |
|   |         |   |                                | (Principal Financial and Accounting Officer) |