UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB

(Mark One)

[X]  QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

For the quarterly period ended            December 31, 2006
                               -------------------------------------------------

                                       OR

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from                          to
                               -----------------------     ---------------------

                         Commission file number 0-50969
                                                -------

                          ROEBLING FINANCIAL CORP, INC.
--------------------------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its charter)

        New Jersey                                   55-0873295
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. employer identification no.)
incorporation or organization)

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

Issuer's telephone number, including area code  (609) 499-9400
                                                --------------

                                       N/A
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)

Check whether the Issuer 1) filed all reports required to be filed by Section 13
or 15(d) of the  Exchange  Act during  the last 12 months  (or for such  shorter
period that the registrant  was required to file such reports);  and 2) has been
subject to such filing requirements for the past 90 days; Yes  X    No
                                                              ---      ---

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes       No  X
                                     ---      ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     State the number of shares  outstanding of each of the issuer's  classes of
common equity, as of the latest practicable date: February 2, 2006

         Class                                     Outstanding
---------------------------                     -----------------
$.10 par value common stock                     1,712,259 shares

     Transitional Small Business Disclosure format (check one)
                                Yes      No  X
                                    ---     ---
<PAGE>

                          ROEBLING FINANCIAL CORP, INC.
                                   FORM 10-QSB
                     FOR THE QUARTER ENDED DECEMBER 31, 2006

                                      INDEX

                                                                         Page
                                                                        Number
                                                                        ------

PART I - FINANCIAL INFORMATION OF ROEBLING FINANCIAL CORP, INC.

Item 1.  Consolidated Financial Statements and Notes Thereto             1 - 8
Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                    9 - 12
Item 3.  Controls and Procedures                                        12

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                              13
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds    13
Item 3.  Defaults upon Senior Securities                                13
Item 4.  Submission of Matters to a Vote of Security Holders            13
Item 5.  Other Information                                              13
Item 6.  Exhibits                                                       13

SIGNATURES                                                              14

<PAGE>

ROEBLING FINANCIAL CORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

(In thousands, except share data)
<TABLE>
<CAPTION>
                                                                      December 31, September 30,
                                                                          2006         2006
                                                                        ---------    ---------
<S>                                                                   <C>          <C>
Assets

Cash and due from banks                                                 $   3,061    $   2,778
Interest-bearing deposits                                                   3,357          603
                                                                        ---------    ---------
     Total cash and cash equivalents                                        6,418        3,381

Securities available for sale                                              27,884       27,207
Securities held to maturity                                                   315          395
Loans receivable, net                                                      92,374       94,014
Accrued interest receivable                                                   637          647
Federal Home Loan Bank of New York stock, at cost                             472          575
Premises and equipment                                                      3,804        3,833
Other assets                                                                  452          555
                                                                        ---------    ---------
     Total assets                                                       $ 132,356    $ 130,607
                                                                        =========    =========

Liabilities and Stockholders' Equity

Liabilities

Deposits                                                                $ 107,785    $ 103,683
Borrowed funds                                                              7,000        9,300
Advances from borrowers for taxes and insurance                               407          418
Other liabilities                                                             746          796
                                                                        ---------    ---------
     Total liabilities                                                    115,938      114,197
                                                                        ---------    ---------

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;
  1,712,259 issued                                                            171          171
Additional paid-in-capital                                                 10,364       10,354
Unallocated employee stock ownership plan shares                             (601)        (621)
Unallocated restricted stock plan shares                                      (44)         (54)
Retained earnings - substantially restricted                                6,741        6,815
Accumulated other comprehensive loss - unrealized loss
  on securities available for sale, net of tax                               (213)        (255)
                                                                        ---------    ---------
     Total stockholders' equity                                            16,418       16,410
                                                                        ---------    ---------

     Total liabilities and stockholders' equity                         $ 132,356    $ 130,607
                                                                        =========    =========
</TABLE>

See notes to unaudited consolidated financial statements.

                                        1

<PAGE>

ROEBLING FINANCIAL CORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)

(In thousands, except per share data)

<TABLE>
<CAPTION>
                                                                     For the Three Months Ended
                                                                             December 31,
                                                                     --------------------------
                                                                           2006      2005
                                                                         -------   -------
<S>                                                                     <C>       <C>
Interest income:
   Loans receivable                                                      $ 1,628   $ 1,275
   Securities                                                                282       246
   Other interest-earning assets                                              23        13
                                                                         -------   -------
        Total interest income                                              1,933     1,534
                                                                         -------   -------

Interest expense:
   Deposits                                                                  709       352
   Borrowed funds                                                             82       107
                                                                         -------   -------
        Total interest expense                                               791       459
                                                                         -------   -------

Net interest income before provision for loan losses                       1,142     1,075
Provision for loan losses                                                     22        30
                                                                         -------   -------
        Net interest income after provision for loan losses                1,120     1,045
                                                                         -------   -------

Non-interest income:
   Loan fees and late charges                                                 24        13
   Account servicing and other                                               113        97
                                                                         -------   -------
        Total non-interest income                                            137       110
                                                                         -------   -------

Non-interest expense:
   Compensation and benefits                                                 614       473
   Occupancy and equipment                                                   156       132
   Service bureau and data processing                                        111       105
   Federal insurance premiums                                                  3         3
   Other expense                                                             208       177
                                                                         -------   -------
        Total non-interest expense                                         1,092       890
                                                                         -------   -------

        Income before provision for income taxes                             165       265
Provision for income taxes                                                    75       113
                                                                         -------   -------
        Net income                                                            90       152

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale, net of tax        42       (68)
                                                                         -------   -------
Comprehensive income                                                     $   132   $    84
                                                                         =======   =======

Earnings per common share:
  Basic                                                                  $  0.05   $  0.09
  Diluted                                                                $  0.05   $  0.09

Weighted average number of shares outstanding:
  Basic                                                                    1,640     1,629
  Diluted                                                                  1,653     1,634
</TABLE>

See notes to unaudited consolidated financial statements.

                                        2

<PAGE>

ROEBLING FINANCIAL CORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

(Unaudited)

(In Thousands)
<TABLE>
<CAPTION>
                                                                                                     Accumulated
                                                Additional                                             Other
                                    Common       Paid-in      Unallocated  Unallocated    Retained  Comprehensive
                                    Stock        Capital      ESOP Shares   RSP Shares    Earnings  Income (Loss)   Total
                                    -----        -------      -----------   ----------    --------  -------------   -----
<S>                                 <C>        <C>             <C>            <C>         <C>           <C>       <C>
Balance at September 30, 2006         $171       $10,354         ($621)         ($54)      $6,815        ($255)    $16,410

Net income for the three months
  ended December 31, 2006                -             -             -             -           90            -          90

Dividends paid on common stock           -             -             -             -         (164)           -        (164)

Amortization of ESOP shares              -            10            20             -            -            -          30

Change in unrealized gain (loss)
  on securities available for sale,
  net of income taxes                    -             -             -             -            -           42          42

Allocation of RSP shares                 -             -             -            10            -            -          10
                                      ----       -------         -----          ----        ------       -----     -------

Balance at December 31, 2006          $171       $10,364         ($601)         ($44)       $6,741       ($213)    $16,418
                                      ====       =======         =====          ====        ======       =====     =======
</TABLE>

See notes to unaudited consolidated financial statements.

                                        3
<PAGE>

ROEBLING FINANCIAL CORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In Thousands)
<TABLE>
<CAPTION>
                                                                          For the Three Months Ended
                                                                                December 31,
                                                                          --------------------------
                                                                               2006       2005
                                                                             -------    -------
<S>                                                                        <C>        <C>
Cash flows from operating activities:
   Net income                                                                $    90    $   152
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                             81         68
         Amortization of premiums and discounts, net                              (1)         3
         Amortization of deferred loan fees and costs, net                       (15)       (11)
         Provision for loan losses                                                22         30
         Originations of loans held for sale, net of repayments                  (45)      (610)
         Proceeds from sale of loans held for sale                                45        610
         Decrease in other assets                                                 75         35
         Decrease (Increase) in accrued interest receivable                       10         (8)
         Decrease in other liabilities                                           (50)       (23)
         Amortization/allocation of ESOP and RSP                                  40         22
                                                                             -------    -------
                   Net cash provided by operating activities                     252        268
                                                                             -------    -------

Cash flows from investing activities:
    Proceeds from maturities of certificates of deposit                            -        300
    Purchase of securities available for sale                                 (3,001)         -
    Proceeds from payments and maturities of securities available for sale     2,396        474
    Proceeds from payments and maturities of securities held to maturity          80         50
    Loan originations, net of principal repayments                             1,632     (4,202)
    Redemption (purchase) of Federal Home Loan Bank stock                        103        (86)
    Purchase of premises and equipment                                           (52)       (36)
                                                                             -------    -------
                   Net cash provided by (used in) investing activities         1,158     (3,500)
                                                                             -------    -------

Cash flows from financing activities:
    Net increase in deposits                                                   4,102      1,845
    Net (decrease) increase in short-term borrowed funds                      (1,300)     2,100
    Repayment of long-term borrowed funds                                     (1,000)         -
    Decrease in advance payments by borrowers for taxes
       and insurance                                                             (11)       (10)
    Dividends paid                                                              (164)      (163)
                                                                             -------    -------
                   Net cash provided by financing activities                   1,627      3,772
                                                                             -------    -------

    Net increase in cash and cash equivalents                                  3,037        540
    Cash and cash equivalents at beginning of period                           3,381      3,075
                                                                             -------    -------
    Cash and cash equivalents at end of period                               $ 6,418    $ 3,615
                                                                             =======    =======

Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                              $   787    $   459
        Income taxes                                                             100         50
</TABLE>

See notes to unaudited consolidated financial statements.

                                        4

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The  accompanying   unaudited  consolidated  financial  statements  of  Roebling
Financial  Corp,  Inc. (the "Company") have been prepared in accordance with the
instructions  for  Form  10-QSB.  Accordingly,  they do not  include  all of the
information and footnotes required by generally accepted  accounting  principles
for complete financial statements.  However, such information presented reflects
all adjustments  (consisting solely of normal recurring  adjustments) which are,
in the opinion of the Company's  management,  necessary for a fair  statement of
results for the interim period.

The results of operations  for the three months ended December 31, 2006, are not
necessarily  indicative  of the  results  to be  expected  for the  year  ending
September  30,  2007,  or  any  other  future  interim  period.   The  unaudited
consolidated   financial   statements  and  notes  thereto  should  be  read  in
conjunction with the audited financial statements and notes thereto for the year
ended September 30, 2006 included in the Company's Annual Report on Form 10-KSB.

NOTE 2 - EARNINGS PER SHARE

Basic  earnings  per share is computed by dividing  net income for the period by
the weighted average number of shares of common stock outstanding,  adjusted for
unearned shares of the Employee Stock Ownership Plan ("ESOP").  Diluted earnings
per share is computed by  adjusting  the  weighted  average  number of shares of
common stock  outstanding to include the effect of outstanding stock options and
compensation grants, if dilutive, using the treasury stock method.

The following is a summary of the Company's earnings per share calculations:

                               Three Months Ended December 31,
                               -------------------------------
                                     2006         2005
                                  ----------   ----------

Net income                        $   89,947   $  151,515
                                  ==========   ==========

Weighted average common shares
outstanding for computation of
basic EPS                          1,640,199    1,628,834

Common-equivalent shares due
to the dilutive effect of stock
options and RSP awards                12,445        5,543
                                  ----------   ----------

Weighted average common shares
for computation of diluted EPS     1,652,644    1,634,377
                                  ==========   ==========

Earnings per common share:
         Basic                    $      .05   $      .09
         Diluted                         .05          .09

NOTE 3 - STOCK-BASED COMPENSATION

Stock Option Plan
-----------------

On January 25, 1999,  the  stockholders  of the Company  approved a stock option
plan (the "1999 Plan"),  while on January 30, 2006, the stockholders  ratified a
2006 Stock Option Plan (the "2006 Plan"),  collectively,  the "Plans". The Plans
authorize  the  issuance  of up to  an  additional  77,670  and  91,076  shares,
respectively,  of common stock by

                                       5

<PAGE>

the Company upon the exercise of stock  options that may be awarded to officers,
directors,  key employees,  and other persons providing services to the Company.
Shares issued on the exercise of options may be authorized but unissued  shares,
treasury shares or shares acquired on the open market. The options granted under
the Plans  constitute  either  Incentive  Stock Options or  Non-Incentive  Stock
Options.  On January 30, 2006 and September 6, 2006,  options to purchase 54,642
and 58,800 shares, respectively, were granted pursuant to the Plans. The options
were  granted  at an  exercise  price  equal  to the  fair  market  value of the
Company's common stock on the date of grant, expire not more than 10 years after
the date of grant and are immediately exercisable.

There was no option  activity  during the three months ended  December 31, 2006.
The following table summarizes all options  outstanding as of December 31, 2006,
all of which are exercisable:

           Weighted
           Average                             Weighted Average
            Number          Exercise              Remaining
          of Shares           Price            Contractual Life
          ---------           -----            ----------------

           12,428           $ 3.595              2.2 years
           54,642            10.000              9.1 years
           58,800            12.725              9.7 years
          -------           -------

          125,870           $10.641              8.7 years
          =======           =======


On October 1, 2006,  the  Company  adopted  Statement  of  Financial  Accounting
Standards No. 123 (revised),  ("SFAS 123(R)"),  Share-Based Payment. SFAS 123(R)
replaces SFAS No. 123 and supersedes  Accounting Principles Board Opinion No. 25
("APB  25"),  Accounting  for Stock  Issued to  Employees.  Under  SFAS  123(R),
compensation  cost is recognized  prospectively for new and modified awards over
the related  vesting  period of such awards.  Results for prior periods have not
been restated.  Prior to October 1, 2006, the Company  accounted for these Plans
under  the  recognition  and  measurement  principles  of  APB  25  and  related
interpretations  using the intrinsic value method. In accordance with APB 25, no
compensation  cost  related to these Plans was  reflected in net income prior to
fiscal 2007, as all options  granted under the Plans had an exercise price equal
to the market value of the underlying  common stock on the grant date. There was
no  activity  during  the three  months  ended  December  31,  2006 or 2005 that
affected net income or earnings per share during those  periods or would require
pro forma disclosures.


Restricted Stock Plan
---------------------

On January 25, 1999, the stockholders of the Company approved a restricted stock
plan (the "1999 Plan"),  while on January 30, 2006, the stockholders  ratified a
2006 Restricted  Stock Plan (the "2006 Plan"),  collectively,  the "Plans".  The
Plans provide for the award of shares of restricted stock to directors, officers
and  employees.  The 1999 Plan and the 2006 Plan  provide  for the  purchase  of
31,066 and 36,430  shares of common stock,  respectively,  in the open market to
fund such  awards.  All of the Common  Stock to be purchased by the Plan will be
purchased  at the fair market  value on the date of  purchase.  Awards under the
Plan are made in recognition of expected  future  services to the Company by its
directors,  officers,  and key employees  responsible for  implementation of the
policies adopted by the Company's Board of Directors and as a means of providing
a further retention  incentive.  Under the 1999 Plan, 18,017 shares were awarded
in fiscal  1999.  An  additional  2,101,  2,626 and 2,240 shares were awarded in
fiscal  2005,  fiscal  2006  and the  three  months  ended  December  31,  2006,
respectively, with a grant-date fair value of $9.75, $9.70 and $12.50 per share,
respectively.  The awards vest 20% on the date of grant and 20% each of the next
four years. On January 30, 2006, 13,110 shares were awarded pursuant to the 2006
Plan.  The  awards  vest 1/3 on the  date of grant  and 1/3 each of the next two
years.  Compensation  expense  on Plan  shares is  recognized  over the  vesting
periods based on the market value of the stock on the date of grant.  Recipients
of awards  receive  compensation  payments  equal to dividends paid prior to the
date of vesting within 30 days of each dividend  payment date.  Plan expense was
approximately  $18,300 and $6,100 for the three months  ended  December 31, 2006
and 2005, respectively.

                                       6

<PAGE>

Employee Stock Ownership Plan
-----------------------------

Effective  upon the  consummation  of the  Bank's  initial  stock  offering,  an
Employee  Stock  Ownership  Plan  ("ESOP")  was  established  for  all  eligible
employees who had completed a  twelve-month  period of employment  with the Bank
and at least 1,000 hours of service,  and had  attained  the age of 21. The ESOP
used  $156,800 in proceeds  from a term loan to purchase  62,149  shares of Bank
common  stock during the stock  offering.  In fiscal  2004,  the ESOP  purchased
72,861 shares of common stock in the second-step conversion with the proceeds of
a $776,000 loan from the Company,  which has a 10-year term and an interest rate
of 4.75%.  $47,000 of the  proceeds  were used to pay off the prior  outstanding
debt.

Shares purchased with the loan proceeds were initially pledged as collateral for
the  loans  and are held in a  suspense  account  for  future  allocation  among
participants.  Contributions  to the ESOP and shares  released from the suspense
account  are  in an  amount  proportional  to the  loan  repayment.  Shares  are
allocated among the participants on the basis of  compensation,  as described by
the Plan, in the year of allocation.

The ESOP is  accounted  for in  accordance  with  Statement  of  Position  93-6,
"Accounting  for  Employee  Stock  Ownership  Plans,"  which  was  issued by the
American   Institute  of  Certified   Public   Accountants   in  November  1993.
Accordingly,  the ESOP shares  pledged as collateral are reported as unallocated
ESOP shares in the statements of financial condition. As shares are committed to
be released from collateral,  the Bank reports compensation expense equal to the
current market price of the shares,  and the shares become outstanding for basic
net  income  per  common  share  computations.  ESOP  compensation  expense  was
approximately  $29,000 and $22,200 for the three months ended  December 31, 2006
and 2005, respectively.

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

In March  2006,  the FASB  issued SFAS No. 156,  "Accounting  for  Servicing  of
Financial  Assets."  SFAS No. 140,  "Accounting  for  Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities,"  establishes,  among other
things,  the  accounting  for all  separately  recognized  servicing  assets and
servicing  liabilities.  SFAS No.  156 amends  SFAS No. 140 to require  that all
separately  recognized  servicing assets and servicing  liabilities be initially
measured at fair  value,  if  practicable.  SFAS No. 156  permits,  but does not
require,  the subsequent  measurement of separately  recognized servicing assets
and servicing  liabilities at fair value. SFAS No. 156 is effective in the first
fiscal year beginning after September 15, 2006 with earlier adoption  permitted.
The  Company  does not  expect the  adoption  of SFAS No. 156 to have a material
impact on its consolidated  financial  condition,  results of operations or cash
flows.

In September 2006, the FASB issued Statement of Financial  Accounting  Standards
SFAS No. 157, "Fair Value Measurements," which defines fair value, establishes a
framework  for measuring  fair value under U.S.  GAAP,  and expands  disclosures
about  fair  value  measurements.  SFAS No.  157  applies  to  other  accounting
pronouncements that require or permit fair value measurements.  The new guidance
is effective for financial  statements  issued for fiscal years  beginning after
November 15, 2007,  and for interim  periods  within those fiscal years.  We are
currently  evaluating  the  potential  impact,  if any, of the  adoption of FASB
Statement No. 157 on our consolidated financial position,  results of operations
and cash flows.

In September,  2006,  the FASB issued SFAS No. 158,  "Employers'  Accounting for
Defined Benefit Pension and Other Postretirement  Plans," which amends SFAS Nos.
87 and 106 to require  recognition of the  overfunded or  underfunded  status of
pension and other postretirement  benefit plans on the balance sheet. Under SFAS
158,  gains and losses,  prior  service  costs and  credits,  and any  remaining
transition  amounts under SFAS Nos. 87 and 106 that have not yet been recognized
through net  periodic  benefit  cost will be  recognized  in  accumulated  other
comprehensive  income,  net  of tax  effects,  until  they  are  amortized  as a
component of net periodic  cost.  The  measurement  date - the date at which the
benefit  obligation  and  plan  assets  are  measured  - is  required  to be the
Company's fiscal year end. SFAS 158 is effective for publicly-held companies for
fiscal years ending after  December 15, 2006,  except for the  measurement  date
provisions, which are effective for fiscal years ending after December 15, 2008.
The Company does not expect its implementation will have a significant impact on
its consolidated financial conditions or results of operations.

                                       7

<PAGE>

In September,  2006, the SEC issued Staff Accounting  Bulleting ("SAB") No. 108.
SAB No. 108 provides  interpretive  guidance on how the effects of the carryover
or reversal of prior year  misstatements  should be considered in  quantifying a
potential  current  year  misstatement.  Prior to SAB No. 108,  companies  might
evaluate the materiality of  financial-statement  misstatements using either the
income  statement  or  balance  approach,  with the  income  statement  approach
focusing on new  misstatements  added in the current year, and the balance sheet
approach  focusing  on  the  cumulative  amount  of  misstatement  present  in a
company's balance sheet. Misstatements that would be material under one approach
could be viewed as immaterial under another approach, and not be corrected.  SAB
No. 108 now requires that companies view financial  statement  misstatements  as
material  if they are  material  according  to either  the income  statement  or
balance sheet  approach.  The Company has analyzed SAB 108 and  determined  that
upon  adoption it will have no impact on the  Company's  consolidated  financial
conditions or results of operations.

In July 2006,  the FASB  issued  FASB  Interpretation  No. 48,  "Accounting  for
Uncertainty in Income Taxes - an  Interpretation of FASB Statement No. 109" (FIN
48),  which  clarifies the accounting  for  uncertainty  in tax positions.  This
Interpretation  requires that companies recognize in their financial  statements
the impact of a tax position,  if that position is more likely than not of being
sustained  on  audit,  based  on  the  technical  merits  of the  position.  The
provisions of FIN 48 are effective for fiscal years beginning after December 15,
2006, with the cumulative effect of the change in accounting  principle recorded
as an adjustment to opening retained earnings.  We are currently  evaluating the
impact of adopting FIN 48 on our consolidated financial statements.

                                       8

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                  ---------------------------------------------


General

         The Private  Securities  Litigation  Reform Act of 1995  contains  safe
harbor  provisions  regarding  forward-looking  statements.  When  used  in this
discussion, the words "believes", "anticipates",  "contemplates", "expects", and
similar expressions are intended to identify  forward-looking  statements.  Such
statements  are  subject to certain  risks and  uncertainties  which could cause
actual  results to differ  materially  from  those  projected.  Those  risks and
uncertainties  include changes in interest  rates,  the ability to control costs
and expenses, new legislation and regulations, and general economic conditions.

         On  September  30,  2004,  Roebling  Financial  Corp.,  MHC (the "MHC")
completed its  reorganization  into stock form and the Company  succeeded to the
business of the MHC's former federal mid-tier holding company  subsidiary.  Each
outstanding  share of common stock of the former  mid-tier  holding  company was
converted  into 3.9636  shares of common  stock of the  Company.  As part of the
transaction, the Company sold a total of 910,764 shares to the public at $10 per
share,  including  72,861  shares  purchased  by the  Company's  employee  stock
ownership plan with funds borrowed from the Company.  The Company's  business is
conducted  primarily  through its  wholly-owned  subsidiary,  Roebling Bank (the
"Bank").  References  to the  Company or  Registrant  refer to the  consolidated
entity which includes the main operating  company,  the Bank, unless the context
indicates otherwise.

Overview

         At  December  31,  2006,  the Company had total  assets,  deposits  and
stockholders'  equity of  $132.4  million,  $107.8  million  and $16.4  million,
respectively. For the three months ended December 31, 2006, the Company reported
net income of $90,000, or $.05 per diluted share,  compared to $152,000, or $.09
per diluted  share,  for the same period in 2005. The decrease in net income for
the quarter primarily  reflects an increase in non-interest  expenses due to the
opening of a new retail  banking  office,  which  offset an  improvement  in net
interest income and non-interest income.

Changes in Financial Condition

         Total assets  increased  by $1.8 million to $132.4  million at December
31, 2006,  from $130.6  million at September 30, 2006.  This increase is largely
attributable  to a $3.0  million  increase  in cash and cash  equivalents  and a
$600,000 increase in investment securities, offset by a $1.6 million decrease in
the loans receivable,  net, portfolio.  Loans receivable, net decreased by 1.7%,
to $92.4  million at December 31, 2006 from $94.0 million at September 30, 2006.
The  majority  of the  change in loans  receivable,  net was  attributable  to a
decrease of $1.2 million and $1.0 million in the one-to-four  family residential
and  commercial  real  estate  portfolios,  respectively,  offset by an $800,000
increase in the home equity loan portfolio. New loan activity has slowed down as
a result of a general slow-down in the real estate market, as well as changes in
personnel.  Two new lenders  joined the Bank in the quarter  ended  December 31,
2006,  replacing two former lenders. The pipeline of new applications has slowed
as a result, as it takes a period of time for new lenders to get up and running.
Although this is expected to turn around  reasonably  quickly,  we  nevertheless
anticipate  a  challenging  year  ahead  in the  lending  environment  with  the
slow-down  in the real estate  market and an  increasingly  competitive  pricing
environment.  Deposits increased by $4.1 million,  or 4.0%, to $107.8 million at
December 31, 2006 from $103.7  million at September  30,  2006.  Borrowed  funds
decreased  by $2.3 million  during the same period,  to $7.0 million at December
31, 2006 from $9.3 million at September 30, 2006,  with  decreases in both short
and long-term borrowings.

Results of Operations

         Net Interest Income.  For the three-months ended December 31, 2006, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$1,142,000, which represents an increase of $67,000 or 6.2% over the

                                       9

<PAGE>

same period in 2005.  The increase in net  interest  income was the result of an
increase  in interest  income of  $399,000,  partially  offset by an increase in
interest  expense of $332,000.  The interest rate spread was 2.94% for the three
months  ended  December  31, 2006  compared to 3.42% for the three  months ended
December 31, 2005,  while the net interest  margin was 3.64% for the 2006 period
compared  to 3.91%  for the 2005  period.  After a period  of  historically  low
interest rates,  the Federal Reserve began  tightening  monetary policy in June,
2004, and increased the Federal Funds rate seventeen  times,  by 25 basis points
each time, since then, with the most recent  tightening in June, 2006. The yield
curve  flattened in that time period,  as short-term  rates have risen much more
than longer-term rates.  Reflecting the current rate environment,  the Company's
spread and margin have  compressed,  as the overall  cost of funds  increased by
more than the average yield on total interest-earning assets.

         The  average  balance  of total  interest-earning  assets for the three
months ended December 31, 2006 increased by $16.3 million  compared to the three
months ended December 31, 2005,  while the average yield increased to 6.17% from
5.60%.  The increase in total  interest  income of $399,000 for the three months
ended  December  31, 2006 is  comprised  of an  increase  in interest  income of
$353,000 on loans  receivable and a increase of $46,000 in interest  income from
securities and other  interest-earning  assets. Average loan receivable balances
increased by $14.1 million for the three months ended December 31, 2006 compared
to the same 2005 period,  while the average yield increased to 6.83% from 6.25%.
For the three months ended December 31, 2006, the average  balance of securities
and other interest-earning assets increased by $2.2 million compared to the same
2005 period, while the average yield increased to 4.08% from 3.74%.

         The average balance of interest-bearing  liabilities increased by $13.6
million for the three  months  ended  December  31,  2006  compared to same 2005
period,  while the average cost  increased to 3.23% from 2.18%.  The increase in
total interest  expense of $332,000 for the three months ended December 31, 2006
is comprised of a $357,000 increase in interest expense on deposits, offset by a
$25,000  decrease in interest  expense on borrowings.  Average  interest-bearing
deposit balances increased by $16.2 million with an increase in the average cost
to 3.14% for the three months ended December 31, 2006, compared to 1.90% for the
same 2005 period,  while average borrowings  decreased by $2.6 million,  with an
increase in the average cost to 4.32% from 4.18%.

         Provision  for Loan Losses.  The  provision for loan losses was $22,000
for the three-month period ended December 31, 2006,  compared to $30,000 for the
same period in 2005.  At December 31, 2006,  the  allowance  for loan losses was
$725,000  (.78% of the loan  portfolio)  compared to $601,000  (.74% of the loan
portfolio) at December 31, 2005. Management continually monitors and adjusts the
allowance  for loan losses based upon its analysis of the loan  portfolio.  This
analysis  includes  an  evaluation  of  known  and  inherent  risks  in the loan
portfolio,  past loss  experience,  current economic  conditions,  industry loss
reserve levels,  adverse situations which may affect the borrower, the estimated
value of any underlying  collateral and other relevant factors.  However,  there
can be no assurance  that additions to the allowance for loan losses will not be
required  in future  periods or that  actual  losses  will not exceed  estimated
amounts.

         Non-interest Income. Non-interest income increased $27,000, or 24.5% to
$137,000 for the three months ended December 31, 2006,  compared to $110,000 for
the same 2005 period. Loan fees and late charges increased by $11,000, or 84.6%,
while account servicing and other fees increased by $16,000, or 16.5%,  compared
to the same 2005 period. The increase in loan fees is primarily  attributable to
the receipt of prepayment fees on two loans that paid off, while the increase in
account  servicing  and other fees is due primarily to higher  non-sufficient  /
uncollected fund fees and fees from ATM / debit card transactions.

         Non-interest  Expense.  Non-interest  expense  increased  $202,000,  or
22.7%, to $1,092,000 for the three-month period ended December 31, 2006 compared
to $890,000 for the same period in 2005, with the most significant  increases in
compensation   and  benefits,   occupancy  and  equipment  and  other   expense.
Compensation and benefits increased by $141,000,  or 29.8%, for the three months
ended  December  31, 2006  compared  to the same 2005  period.  The  increase in
compensation and benefits is attributable to new hires to staff the Bank's fifth
and newest retail facility in Delran,  New Jersey in September,  2006 as well as
staff  additions to  accommodate  the  continued  growth of the bank in both the
retail  banking  and  lending  areas.  Delran  is  an  entry  into  another  new
marketplace  for the Bank,  which we  anticipate  will enable us to increase our
deposit and lending base over time. Occupancy and equipment expense increased by
$24,000,  or 18.2%, for the three months ended December 31, 2006

                                       10

<PAGE>

compared to the same 2005 period,  while other expense increased by $31,000,  or
17.5%,  during the same time  period.  The majority of the increase in these two
categories  relates  to new  Delran  facility,  with  additional  operating  and
marketing expenses.

         While we project that the resulting growth from these new branches will
result in increased  profitability for the Company over the long-term,  earnings
will be suppressed in the shorter-term until the new branches become profitable.
There may also be  increased  expenses  in the future as a result of  additional
awards that may be granted  under stock benefit  plans and  compliance  with the
Sarbanes-Oxley Act.



Liquidity and Regulatory Capital Compliance

         On December 31, 2006,  the Bank was in compliance  with its  regulatory
capital requirements as follows:

(Dollars in thousands)
                                  Amount      Percent
                                  ------      -------

Tangible capital                 $12,394       9.34%
Tangible capital requirement       1,991       1.50%
                                 -------      -----
Excess over requirement          $10,403       7.84%
                                 =======      =====

Core capital                     $12,394       9.34%
Core capital requirement           5,308       4.00%
                                 -------      -----
Excess over requirement          $ 7,086       5.34%
                                 =======      =====

Risk-based capital               $13,128      15.23%
Risk-based capital requirement     6,894       8.00%
                                 -------      -----
Excess over requirement          $ 6,234       7.23%
                                 =======      =====


         The Company anticipates that it will have sufficient funds available to
meet its current commitments.  As of December 31, 2006, the Bank had outstanding
commitments to fund loans of $6.0 million, commitments on unused lines of credit
of $8.6 million,  undisbursed construction loans of $4.7 million and $119,000 in
outstanding  letters of credit.  Certificates of deposit  scheduled to mature in
one year or less as of  December  31,  2006,  totaled  $42.6  million.  Based on
historical  deposit  withdrawals and outflows,  and on internal  monthly deposit
reports  monitored by  management,  management  believes that a majority of such
deposits will remain with the Company.


Additional Key Operating Ratios
                                              At or for the Three Months
                                                   Ended December 31,
                                                 2006(1)         2005(1)
                                              -------------- -----------

Earnings per common share (2):
    Basic                                      $     0.05     $  0.09
    Diluted                                    $     0.05 $   $  0.09
Return on average assets (1)                          .27%        .53%
Return on average equity (1)                         2.19%       3.77%
Interest rate spread (1)                             2.94%       3.42%
Net interest margin (1)                              3.64%       3.91%
Non-interest expense to average assets (1)           3.33%       3.10%
Non-performing assets to total assets                 .30%        .05%
Non-performing loans to total loans                   .43%        .07%

                                       11

<PAGE>

                                                     At December 31,
                                                 2006            2005
                                               --------       ---------

Book value per share (3)                       $   9.59       $   9.35

(1)  The ratios for the three-month periods presented are annualized.
(2)  The average  number of shares  outstanding  during the three  months  ended
     December 31, 2006, was 1,640,199 basic and 1,652,644  diluted.  The average
     number of shares  outstanding  during the three months  ended  December 31,
     2005, was 1,628,834 basic and 1,634,377 diluted.
(3)  There  were  1,712,259  shares  outstanding  as of  December  31,  2006 and
     1,710,045 shares outstanding as of December 31, 2005.


Controls and Procedures
-----------------------

         (a)  Evaluation of disclosure  controls and  procedures.  The Company's
management  evaluated,  with the  participation of the Company's Chief Executive
Officer  and  Chief  Financial  Officer,  the  effectiveness  of  the  Company's
disclosure  controls and  procedures as of the end of the period covered by this
report. Based on this evaluation,  the Company's principal executive officer and
principal  financial  officer  have  concluded  that as of the end of the period
covered by this  Quarterly  Report on Form 10-QSB such  disclosure  controls and
procedures are effective to ensure that information  required to be disclosed by
the Company in reports that it files or submits  under the  Securities  Exchange
Act of 1934 is recorded,  processed,  summarized  and  reported  within the time
periods specified in Securities and Exchange Commission rules and forms.

         (b) Changes in internal  control over financial  reporting.  During the
period under report,  there was no change in the Company's internal control over
financial  reporting that has materially  affected,  or is reasonably  likely to
materially affect, the Company's internal control over financial reporting.

                                       12

<PAGE>
                          ROEBLING FINANCIAL CORP, INC.

                                     Part II

ITEM 1.           LEGAL PROCEEDINGS

                  There are various claims and lawsuits in which the company  or
                  the Bank are  periodically involved, such as claims to enforce
                  liens, condemnation proceedings on  properties  in  which  the
                  Bank holds security interests, claims involving the making and
                  servicing of real property  loans and other issues incident to
                  the Bank's business. In the opinion of management, no material
                  loss is expected from any of such pending claims or lawsuits.

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

                  Not applicable

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not applicable

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                  Not applicable

ITEM 5.           OTHER INFORMATION

                 (a)      Not applicable
                 (b)      Not applicable

ITEM 6.          EXHIBITS

                 List of Exhibits:

               3.1  Certificate of Incorporation*
               3.2  Bylaws**
               4.0  Form of Stock Certificate***
               10.2 Directors' Retirement Plan***
               10.3 Stock Option Plan****
               10.4 Restricted Stock Plan****
               10.5 Employment Agreement between Janice A. Summers and Roebling
                    Bank***
               10.6 Employment Agreement between Frank J. Travea, III and
                    Roebling Bank***
               10.7 Roebling Financial Corp, Inc. 2006 Stock Option Plan*****
               10.8 Roebling Bank 2006 Restricted Stock Plan*****
               31   Rule  13a-14(a)/15d-14(a)  Certifications of Chief Executive
                    Officer and Chief Financial Officer
               32   Section 1350 Certification

------------------
*     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.

                                       13

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.

                                   SIGNATURES


In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                               ROEBLING FINANCIAL CORP, INC.


Date:  February 9, 2007       By:  /s/Frank J. Travea, III
                                    --------------------------------------
                                    Frank J. Travea, III
                                    President and Chief Executive Officer
                                    (Principal Executive Officer)

Date:  February 9, 2007       By:  /s/Janice A. Summers
                                    --------------------------------------
                                    Janice A. Summers
                                    Senior Vice President, Chief Operating
                                    Officer and Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

                                       14