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         June 30, 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: August 4, 2006

          Class                                         Outstanding
---------------------------                           ----------------
$.10 par value common stock                           1,710,045 shares

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

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.
                                   FORM 10-QSB
                       FOR THE QUARTER ENDED JUNE 30, 2006

                                      INDEX

                                                                          Page
                                                                         Number
                                                                         ------

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

Item 1.  Consolidated Financial Statements and Notes Thereto              1 - 9
Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                    10 - 13
Item 3.  Controls and Procedures                                         14

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                               15
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds     15
Item 3.  Defaults upon Senior Securities                                 15
Item 4.  Submission of Matters to a Vote of Security Holders             15
Item 5.  Other Information                                               15 - 16
Item 6.  Exhibits                                                        16

SIGNATURES                                                               17

<PAGE>

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

(Unaudited)

(In Thousands)
<TABLE>
<CAPTION>
                                                                          June 30,  September 30,
                                                                            2006         2005
                                                                         ---------    ---------
<S>                                                                     <C>          <C>
Assets

Cash and due from banks                                                  $   2,670    $   2,428
Interest-bearing deposits                                                      213          647
                                                                         ---------    ---------
     Total cash and cash equivalents                                         2,883        3,075

Certificates of deposit                                                          -          300
Securities available for sale                                               25,250       27,160
Securities held to maturity                                                    434          557
Loans receivable, net                                                       89,372       76,551
Accrued interest receivable                                                    544          477
Federal Home Loan Bank of New York stock, at cost                              638          602
Premises and equipment                                                       3,360        2,766
Other assets                                                                   674          371
                                                                         ---------    ---------
     Total assets                                                        $ 123,155    $ 111,859
                                                                         =========    =========
Liabilities and Stockholders' Equity

Liabilities

Deposits                                                                 $  95,208    $  84,856
Borrowed funds                                                              10,700       10,000
Advances from borrowers for taxes and insurance                                441          396
Other liabilities                                                              736          559
                                                                         ---------    ---------
     Total liabilities                                                     107,085       95,811
                                                                         ---------    ---------
Stockholders' equity

Serial preferred stock, $.10 par value; 5,000,000 shares authorized;
  none issued                                                                    -            -
Common stock; $.10 par value; 20,000,000 shares authorized; 1,710,045
  shares issued                                                                171          171
Additional paid-in-capital                                                  10,332       10,327
Unallocated employee stock ownership plan shares                              (640)        (698)
Unallocated restricted stock plan shares                                       (66)         (14)
Retained earnings - substantially restricted                                 6,717        6,547
Accumulated other comprehensive income (loss) - unrealized gain (loss)
  on securities available for sale, net of tax                                (444)        (285)
                                                                         ---------    ---------
     Total stockholders' equity                                             16,070       16,048
                                                                         ---------    ---------

     Total liabilities and stockholders' equity                          $ 123,155    $ 111,859
                                                                         =========    =========
</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
                                                                               June 30,
                                                                     --------------------------
                                                                           2006       2005
                                                                         -------    -------
<S>                                                                     <C>        <C>
Interest income:
   Loans receivable                                                      $ 1,453    $ 1,014
   Securities                                                                237        257
   Other interest-earning assets                                              11         21
                                                                         -------    -------
        Total interest income                                              1,701      1,292
                                                                         -------    -------

Interest expense:
   Deposits                                                                  459        257
   Borrowed funds                                                            110         61
                                                                         -------    -------
        Total interest expense                                               569        318
                                                                         -------    -------

Net interest income before provision for loan losses                       1,132        974
Provision for loan losses                                                     42         24
                                                                         -------    -------
        Net interest income after provision for loan losses                1,090        950
                                                                         -------    -------

Non-interest income:
   Loan fees and late charges                                                 11         13
   Account servicing and other                                               104         97
   Gain on sale of loans                                                       1          -
                                                                         -------    -------
        Total non-interest income                                            116        110
                                                                         -------    -------

Non-interest expense:
   Compensation and benefits                                                 573        439
   Occupancy and equipment                                                   137        113
   Service bureau and data processing                                        104        101
   Other expense                                                             193        167
                                                                         -------    -------
        Total non-interest expense                                         1,007        820
                                                                         -------    -------

        Income before provision for income taxes                             199        240
Provision for income taxes                                                    89        104
                                                                         -------    -------
        Net income                                                           110        136

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale, net of tax       (41)       111
                                                                         -------    -------
Comprehensive income                                                     $    69    $   247
                                                                         =======    =======

Earnings per common share:
  Basic                                                                  $  0.07    $  0.08
  Diluted                                                                $  0.07    $  0.08

Weighted average number of shares outstanding:
  Basic                                                                    1,633      1,623
  Diluted                                                                  1,643      1,628
</TABLE>

See notes to unaudited consolidated financial statements.

                                        2

<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 Nine Months Ended
                                                                       June 30,
                                                               -------------------------
                                                                     2006       2005
                                                                  -------    -------
<S>                                                              <C>        <C>
Interest income:
   Loans receivable                                               $ 4,043    $ 2,924
   Securities                                                         724        771
   Other interest-earning assets                                       37         52
                                                                  -------    -------
        Total interest income                                       4,804      3,747
                                                                  -------    -------

Interest expense:
   Deposits                                                         1,200        719
   Borrowed funds                                                     318        145
                                                                  -------    -------
        Total interest expense                                      1,518        864
                                                                  -------    -------

Net interest income before provision for loan losses                3,286      2,883
Provision for loan losses                                             102         65
                                                                  -------    -------
        Net interest income after provision for loan losses         3,184      2,818
                                                                  -------    -------

Non-interest income:
   Loan fees and late charges                                          38         38
   Account servicing and other                                        298        301
   Gain on sale of loans                                                3          2
                                                                  -------    -------
        Total non-interest income                                     339        341
                                                                  -------    -------

Non-interest expense:
   Compensation and benefits                                        1,632      1,266
   Occupancy and equipment                                            410        308
   Service bureau and data processing                                 312        297
   Other expense                                                      571        476
                                                                  -------    -------
        Total non-interest expense                                  2,925      2,347
                                                                  -------    -------

        Income before provision for income taxes                      598        812
Provision for income taxes                                            265        354
                                                                  -------    -------
        Net income                                                    333        458

Other comprehensive income, net of tax:
   Unrealized loss on securities available for sale, net of tax      (159)      (234)
                                                                  -------    -------
Comprehensive income                                              $   174    $   224
                                                                  =======    =======

Earnings per common share:
  Basic                                                           $  0.20    $  0.28
  Diluted                                                         $  0.20    $  0.28

Weighted average number of shares outstanding:
  Basic                                                             1,631      1,608
  Diluted                                                           1,639      1,622
</TABLE>

See notes to unaudited consolidated financial statements.

                                        3

<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, 2005         $171       $10,327         ($698)         ($14)       $6,547        ($285)    $16,048

Net income for the nine months
  ended June 30, 2006                    -             -             -             -           333            -         333

Dividends paid on common stock           -             -             -             -          (163)           -        (163)

Amortization of ESOP shares              -            12            58             -             -            -          70

Change in unrealized gain (loss)
  on securities available for sale,
  net of income taxes                    -             -             -             -             -         (159)       (159)

Common stock acquired by RSP             -            (7)            -           (64)            -            -         (71)

Allocation of RSP shares                 -             -             -            12             -            -          12
                                      ----       -------         -----          ----        ------        -----     -------

Balance at June 30, 2006              $171       $10,332         ($640)         ($66)       $6,717        ($444)    $16,070
                                      ====       =======         =====          ====        ======        =====     =======
</TABLE>

See notes to unaudited consolidated financial statements.

                                        4

<PAGE>

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

(Unaudited)

(In Thousands)
<TABLE>
<CAPTION>
                                                                          For the Nine Months Ended
                                                                                    June 30,
                                                                          -------------------------
                                                                               2006        2005
                                                                             --------    --------
<S>                                                                         <C>         <C>
Cash flows from operating activities:
   Net income                                                                $    333    $    458
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                             205         132
         Amortization of premiums and discounts, net                                8          11
         Amortization of deferred loan fees and costs, net                        (47)          9
         Provision for loan losses                                                102          65
         Originations of loans held for sale, net of repayments                (1,440)       (730)
         Gain on sale of loans                                                     (3)         (2)
         Proceeds from sale of loans held for sale                              1,443         752
         Increase in other assets                                                (198)        (20)
         Increase in accrued interest receivable                                  (67)        (50)
         Increase in other liabilities                                            178          59
         Expense of ESOP and RSP                                                   82          72
                                                                             --------    --------
                   Net cash provided by operating activities                      596         756
                                                                             --------    --------

Cash flows from investing activities:
    Proceeds from maturities of certificates of deposit                           300         900
    Purchase of securities available for sale                                       -      (8,756)
    Proceeds from payments and maturities of securities available for sale      1,637       4,028
    Proceeds from payments and maturities of securities held to maturity          123         348
    Loan originations, net of principal repayments                            (12,876)     (5,431)
    Purchase of Federal Home Loan Bank stock                                      (36)        (44)
    Purchase of premises and equipment                                           (799)       (539)
                                                                             --------    --------
                   Net cash used in investing activities                      (11,651)     (9,494)
                                                                             --------    --------

Cash flows from financing activities:
    Net increase in deposits                                                   10,352       2,385
    Net increase in short-term borrowed funds                                     700         200
    Proceeds from long-term borrowed funds                                          -       5,000
    Increase  in advance payments by borrowers for taxes
       and insurance                                                               45           4
    Dividends paid                                                               (163)          -
    Purchase of common shares by RSP                                              (71)        (21)
    Proceeds from exercise of stock options                                         -          81
                                                                             --------    --------
                   Net cash provided by financing activities                   10,863       7,649
                                                                             --------    --------

    Net decrease in cash and cash equivalents                                    (192)     (1,089)
    Cash and cash equivalents at beginning of period                            3,075       3,697
                                                                             --------    --------
    Cash and cash equivalents at end of period                               $  2,883    $  2,608
                                                                             ========    ========

Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                              $  1,523    $    864
        Income taxes                                                              301         198
</TABLE>

See notes to unaudited consolidated financial statements.

                                        5

<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 and nine months ended June 30, 2006, are
not  necessarily  indicative  of the results to be expected  for the year ending
September  30,  2006,  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, 2005 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:

<TABLE>
<CAPTION>
                                Three Months Ended June 30,    Nine Months Ended June 30,
                                ---------------------------    --------------------------
                                      2006         2005             2006         2005
                                      ----         ----             ----         ----

<S>                              <C>          <C>              <C>          <C>
Net income                        $  110,011   $  136,114       $  332,605   $  457,738
                                  ==========   ==========       ==========   ==========

Weighted average common shares
outstanding for computation of
basic EPS (1)                      1,633,410    1,622,659        1,631,122    1,608,358

Common-equivalent shares due
to the dilutive effect of stock
options and RSP awards                 9,604        5,495            8,191       13,613
                                  ----------   ----------       ----------   ----------
Weighted average common shares
for computation of diluted EPS     1,643,014    1,628,154        1,639,313    1,621,971
                                  ==========   ==========       ==========   ==========

Earnings per common share:
         Basic                    $      .07   $      .08       $      .20   $      .28
         Diluted                         .07          .08              .20          .28
</TABLE>

(1) Excludes unallocated ESOP shares

                                       6

<PAGE>

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 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,  options to
purchase 54,642 shares were granted  pursuant to the 2006 Plan. Under this plan,
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.

The following  table  summarizes  the options  granted and the weighted  average
exercise price for the nine months ended June 30, 2006
                                                              Weighted
                                                              Average
                                            Number            Exercise
                                           of Shares            Price
                                           ---------            -----

Outstanding September 30, 2005              14,642            $ 3.595

Granted                                     54,642             10.000
                                            ------            -------

Outstanding June 30, 2006                   69,284            $ 8.646
                                            ======            =======

Options exercisable June 30, 2006           69,284
                                            ======

The  Company  accounts  for these Plans under the  recognition  and  measurement
principles of Accounting  Principles Board Opinion No. 25,  Accounting for Stock
Issued to Employees, and related  interpretations.  No compensation cost related
to these Plans is  reflected  in net income,  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.  The  following  table  illustrates  the effect on net
income  and  earnings  per  share if the  Company  had  applied  the fair  value
recognition provisions of Financial Accounting Standards Board Statement No. 123
("SFAS No. 123"), Accounting for Stock-Based Compensation, to the option grants.

<TABLE>
<CAPTION>
                                  Three Months Ended June 30,    Nine Months Ended June 30,
                                  ---------------------------    --------------------------
                                       2006       2005               2006        2005
                                       ----       ----               ----        ----

<S>                                 <C>        <C>                <C>        <C>
Net income, as reported              $110,011   $136,114           $332,605   $457,738

Deduct: Total stock-based
compensation expense
determined under fair value
based method for stock options,
net of related tax effects                  -          -            125,365          -
                                     --------   --------           --------   --------

Pro forma net income                 $110,011   $136,114           $207,240   $457,738
                                     ========   ========           ========   ========

Earnings per common share:
   Basic - as reported                   $.07       $.08               $.20       $.28
   Basic - pro forma                     $.07       $.08               $.13       $.28
   Diluted- as reported                  $.07       $.08               $.20       $.28
   Diluted - pro forma                   $.07       $.08               $.13       $.28
</TABLE>

                                       7

<PAGE>

The  weighted  average  fair value of options  granted on January  30,  2006 was
$3.82.  The fair value of each option granted was estimated on the date of grant
using the Black-Scholes option pricing model with the following weighted-average
assumptions:  dividend yield of 1.00%; expected volatility of 40.23%;  risk-free
interest rate of 4.30%, and expected lives of 5 years.

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 while 2,101 and 2,626  shares were awarded in fiscal 2005 and the
first six months of 2006,  respectively,  with a grant-date  fair value of $9.75
and $9.70 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 as
of 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 $13,000 and $73,000,  respectively, for the three
and  nine-month  periods ended June 30, 2006,  compared to $1,000 and $5,000 for
the same 2005 periods.

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  $24,000 and $70,000,  respectively,  for the three and nine-month
periods  ended June 30, 2006,  compared to $22,000 and $66,000 for the same 2005
periods.

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

Accounting for Stock-Based  Payments: In December 2004, the FASB issued SFAS No.
123 (revised),  "Share-Based  Payment." SFAS No. 123 (revised) replaces SFAS No.
123 and  supersedes  APB  Opinion  No.  25.  SFAS  No.  123  (revised)  requires
compensation costs related to share-based payment  transactions to be recognized
in the financial statements over the period that an employee provides service in
exchange for the award.  Public companies are

                                       8

<PAGE>

required to adopt the new standard using a modified  prospective  method and may
elect to restate prior periods using the modified  retrospective  method.  Under
the modified  prospective method,  companies are required to record compensation
cost for new and modified  awards over the related vesting period of such awards
prospectively  and  record  compensation  cost  prospectively  for the  unvested
portion at the date of adoption,  of previously  issued and  outstanding  awards
over the  remaining  vesting  period of such awards.  No change to prior periods
presented is permitted under the modified prospective method. Under the modified
retrospective  method,  companies  record  compensation  costs for prior periods
retroactively  through  restatement  of such  periods  using the exact pro forma
amounts disclosed in the companies'  footnotes.  Also, in the period of adoption
and after,  companies record compensation cost based on the modified prospective
method.

On April 14, 2005, the Securities and Exchange  Commission (the "SEC") adopted a
new rule that amends the compliance dates for SFAS No. 123 (revised).  Under the
new rule,  the Company is required to adopt SFAS No. 123  (revised) in the first
annual period beginning after December 15, 2005.  Early  application of SFAS No.
123  (revised) is  encouraged,  but not  required.  Accordingly,  the Company is
required  to record  compensation  expense  for all new awards  granted  and any
awards modified after October 1, 2006. In addition,  the transition  rules under
SFAS No. 123 (revised) will require that, for all awards  outstanding at October
1, 2006, for which the requisite service has not yet been rendered, compensation
cost will be recorded as such service is rendered after October 1, 2006.

The  pronouncement  related to stock-based  payments will not have any effect on
our existing  historical  consolidated  financial  statements and restatement of
previously reported periods will not be required.

                                       9

<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  June  30,  2006,  the  Company  had  total  assets,   deposits  and
stockholders'  equity of  $123.2  million,  $95.2  million  and  $16.1  million,
respectively. For the three months ended June 30, 2006, the Company reported net
income of $110,000, or $.07 per diluted share, compared to $136,000, or $.08 per
diluted  share,  for the same period in 2005. For the nine months ended June 30,
2006,  the Company  reported net income of $333,000,  or $.20 per diluted share,
compared to $458,000, or $.28 per diluted share, for the same period in 2005.

Changes in Financial Condition

         Total assets  increased by $11.3 million to $123.2  million at June 30,
2006,  from $111.9  million at  September  30,  2005.  This  increase is largely
attributable to a $12.8 million increase in loans receivable, net. Other changes
include a $2.0 million decrease in investment securities and a $600,000 increase
in premises and equipment.  Loans  receivable,  net increased by 16.7%, to $89.4
million at June 30, 2006 from $76.6 million at September 30, 2005.  The majority
of the change in loans  receivable,  net was attributable to an increase of $7.1
million in the  construction  loan  portfolio and an increase of $4.3 million in
the home equity loan portfolio.  In addition,  the multifamily,  commercial real
estate  and  commercial  loan  portfolios  increased  a total  of $1.6  million.
Deposits increased by $10.3 million, or 12.2%, to $95.2 million at June 30, 2006
from $84.9 million at September 30, 2005.  Borrowed funds  increased by $700,000
during the same period,  to $10.7 million at June 30, 2006 from $10.0 million at
September 30, 2005, with all of the increase in short-term borrowings.

Results of Operations

         Net Interest  Income.  For the  three-months  ended June 30, 2006,  the
Company  reported  net  interest  income  before  provision  for loan  losses of
$1,132,000,  which  represents  an  increase  of $158,000 or 16.2% over the same
period  in 2005.  The  increase  in net  interest  income  was the  result of an
increase  in interest  income of  $409,000,  partially  offset by an increase in
interest  expense of $251,000.  The interest rate spread was 3.40% for the three
months ended June 30, 2006 compared to 3.49% for the three months ended June 30,
2005,  while the net  interest  margin  improved  to 3.98%  for the 2006  period
compared to 3.90% for the 2005 period.  For the nine-month period ended June 30,
2006, the Company  reported net interest income before provision for loan losses
of  $3,286,000,  compared to $2,883,000 for the nine months ended June 30, 2005,
an increase of $403,000,  or 14.0%.  The interest  rate spread was 3.43% for the
nine months ended June 30, 2006 compared to 3.52% for the nine months ended June

                                       10

<PAGE>

30, 2005,  while the net interest  margin  improved to 3.96% 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 has  increased the Federal Funds rate  seventeen  times,  by 25 basis
points each time, since then. The yield curve has flattened in that time period,
as short-term  rates have risen much more than long-term  rates.  Reflecting the
current rate  environment,  the Company's  spread  compressed  slightly,  as the
overall  cost of  funds  increased  by more  than  the  average  yield  on total
interest-earning assets. The margin, however,  increased,  reflecting the higher
percentage of loans to total interest-earning assets.

         The  average  balance  of total  interest-earning  assets for the three
months  ended June 30, 2006  increased  by $12.7  million  compared to the three
months  ended June 30,  2005,  while the average  yield  increased to 6.00% from
5.18%.  The increase in total  interest  income of $409,000 for the three months
ended June 30, 2006 is comprised  primarily of an increase in interest income of
$439,000 on loans receivable, offset by a decrease of $30,000 in interest income
on  securities  and  other  interest-earning  assets.  Average  loan  receivable
balances  increased  by $17.5  million for the three  months ended June 30, 2006
compared to the same 2005  period,  while the average  yield  increased to 6.68%
from 5.89%.  For the three months ended June 30,  2006,  the average  balance of
securities and other interest-earning  assets decreased by $4.7 million compared
to the same 2005 period, while the average yield increased to 3.77% from 3.59%.

         The  average  balance  of total  interest-earning  assets  for the nine
months  ended June 30,  2006  increased  by $11.0  million  compared to the nine
months  ended June 30,  2005,  while the average  yield  increased to 5.81% from
5.07%.  The increase in total interest  income of $1,057,000 for the nine months
ended June 30, 2006 is comprised  primarily of an increase in interest income of
$1,119,000  on loans  receivable,  offset by a decrease  of $62,000 in  interest
income on investment securities and other interest-earning  assets. Average loan
receivable  balances  increased by $15.2  million for the nine months ended June
30, 2006 compared to the same 2005 period,  while the average yield increased to
6.48% from 5.80%.  For the nine months ended June 30, 2006, the average  balance
of other  securities  and  interest-earning  assets  decreased  by $4.2  million
compared to the same 2005  period,  while the average  yield  increased to 3.75%
from 3.51%.

         The average balance of interest-bearing  liabilities increased by $12.3
million for the three months  ended June 30, 2006  compared to same 2005 period,
while the average  cost  increased  to 2.60% from 1.69%.  The  increase in total
interest  expense  of  $251,000  for the three  months  ended  June 30,  2006 is
comprised of a $202,000  increase in interest  expense on deposits and a $49,000
increase in interest  expense on borrowings.  Average  interest-bearing  deposit
balances increased by $8.5 million with an increase in the average cost to 2.37%
for the three months  ended June 30,  2006,  compared to 1.49% for the same 2005
period, while average borrowings increased by $3.9 million,  with an increase in
the average cost to 4.34% from 3.91%.

         For the nine  months  ended  June 30,  2006,  the  average  balance  of
interest-bearing  liabilities  increased by $10.9 million  compared to same 2005
period,  while the average cost  increased to 2.38% from 1.55%.  The increase in
total  interest  expense of $654,000  for the nine months ended June 30, 2006 is
comprised of a $481,000  increase in interest expense on deposits and a $173,000
increase in interest  expense on borrowings.  Average  interest-bearing  deposit
balances increased by $6.2 million with an increase in the average cost to 2.13%
for the nine  months  ended June 30,  2006,  compared to 1.39% for the same 2005
period, while average borrowings increased by $4.8 million,  with an increase in
the average cost to 4.24% from 3.70%.

         Provision  for Loan Losses.  The  provision for loan losses was $42,000
and $102,000,  respectively, for the three and nine-month periods ended June 30,
2006,  compared to $24,000 and $65,000 for the same periods in 2005. At June 30,
2006,  the allowance for loan losses was $673,000  (.75% of the loan  portfolio)
compared to $549,000 (.78% of the loan  portfolio) at June 30, 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.

                                       11

<PAGE>

         Non-interest  Income.   Non-interest  income  increased  slightly,   to
$116,000  from  $110,000  for the  three-month  period  ended June 30,  2006 and
decreased slightly, to $339,000 from $341,000 for the nine months ended June 30,
2006,  compared  to the same  periods in 2005,  with the  majority of the change
attributable to changes in account servicing and other fees.

         Non-interest  Expense.  Non-interest  expense  increased  $187,000,  or
22.8%,  to  $1,007,000  for the  three-month  period  ended  June  30,  2006 and
increased  $578,000,  or 24.6%, to $2,925,000 for the nine months ended June 30,
2006, compared to the same periods in 2005, with the most significant  increases
in  compensation  and  benefits,  occupancy  and  equipment  and other  expense.
Compensation  and benefits  increased by $134,000 and $366,000 for the three and
nine  months  ended  June 30,  2006  compared  to the same  2005  periods  while
occupancy and equipment increased by $24,000 and $102,000 for the three and nine
months ended June 30, 2006  compared to the same 2005  periods.  The majority of
the increase in these  categories is  attributable  to the opening of the Bank's
newest facility in Westampton and the cost of new stock benefit plans.  The Bank
relocated  its  former  Loan  Center  office,  as well as  administrative  staff
formerly located in two other offices, to the Westampton facility in the quarter
ended  March  31,  2005,  and also  opened a retail  banking  center in the same
facility in the quarter ended  September  30, 2005.  This is an entry into a new
marketplace  for the Bank,  which we  anticipate  will enable us to increase our
deposit and lending base. Other expense increased by $26,000 and $95,000 for the
three and nine months ended June 30, 2006 compared to the same 2005 periods. The
increase in other expense is largely  related to costs  associated  with being a
fully  public  company  as  well  as the  Westampton  facility,  with  increased
marketing and operating expenditures.

         We are currently in the process of  constructing  a new retail  banking
center in Delran which we  anticipate  will open this  summer.  This will be the
Bank's fifth retail  location,  and will also be a new marketplace for us. While
we project  that the  resulting  growth from these new  branches  will result in
increased  profitability for the Company over the long-term,  expenses will rise
in the short-term,  with increases in occupancy and equipment,  compensation and
benefits and other expense.  There may also be increased  expenses in the future
as a result of additional awards that may be granted under the new stock benefit
plans and compliance with the Sarbanes-Oxley Act.

         Provision  for income taxes.  The provision for income taxes  decreased
$15,000 to  $89,000  for the three  months  ended  June 30,  2006 and  decreased
$89,000 to $265,000  for the nine months  ended June 30,  2006,  compared to the
2005  periods.  The  decrease in tax expense is  attributable  primarily  to the
decrease in pre-tax earnings.


Liquidity and Regulatory Capital Compliance

         On June 30, 2006, the Bank was in compliance with its three  regulatory
capital requirements as follows:

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

Tangible capital                                $12,136     9.80%
Tangible capital requirement                      1,858     1.50%
                                                -------     ----
Excess over requirement                         $10,278     8.30%
                                                =======     ====

Core capital                                    $12,136     9.80%
Core capital requirement                          4,956     4.00%
                                                -------     ----
Excess over requirement                         $ 7,180     5.80%
                                                =======     ====

Risk-based capital                              $12,816    15.77%
Risk-based capital requirement                    6,503     8.00%
                                                -------     ----
Excess over requirement                         $ 6,313     7.77%
                                                =======     ====

                                       12

<PAGE>

         The Company anticipates that it will have sufficient funds available to
meet its current  commitments.  As of June 30,  2006,  the Bank had  outstanding
commitments  to fund  loans  of $7.0  million.  At June  30,  2006,  there  were
commitments on unused lines of credit of $7.8 million,  undisbursed construction
loans  of  $8.4  million  and  $119,000  in   outstanding   letters  of  credit.
Certificates  of deposit  scheduled to mature in one year or less as of June 30,
2006,  totaled  $30.8  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 June 30,
                                                   2006(1)    2005(1)
                                                   -------    -------

Earnings per common share (2):
    Basic                                          $0.07       $0.08
    Diluted                                        $0.07       $0.08
Return on average assets (1)                         .37%        .52%
Return on average equity (1)                        2.74%       3.44%
Interest rate spread (1)                            3.40%       3.49%
Net interest margin (1)                             3.98%       3.90%
Non-interest expense to average assets (1)          3.36%       3.12%
Non-performing assets to total assets                .09%        .05%
Non-performing loans to total loans                  .12%        .08%

                                                       At June 30,
                                                    2006        2005
                                                    ----        ----

Book value per share (3)                           $9.40       $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 June
     30, 2006, was 1,633,410 basic and 1,643,014 diluted.  The average number of
     shares  outstanding  during  the three  months  ended  June 30,  2005,  was
     1,622,659 basic and 1,628,154 diluted.
(3)  There were 1,710,045 shares outstanding as of June 30, 2006 and 2005


                                                For the Nine Months Ended
                                                         June 30,
                                                   2006(1)     2005(1)
                                                   -------     -------

Earnings per common share (2):
    Basic                                          $0.20       $0.28
    Diluted                                        $0.20       $0.28
Return on average assets (1)                         .38%        .59%
Return on average equity (1)                        2.76%       3.88%
Interest rate spread (1)                            3.43%       3.52%
Net interest margin (1)                             3.96%       3.91%
Non-interest expense to average assets (1)          3.33%       3.03%

----------------
(1)  The ratios for the nine-month periods presented are annualized.
(2)  The average number of shares  outstanding during the nine months ended June
     30, 2006, was 1,631,122 basic and 1,639,313 diluted.  The average number of
     shares  outstanding  during  the  nine  months  ended  June 30,  2005,  was
     1,608,358 basic and 1,621,971 diluted.

                                       13

<PAGE>

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.

                                       14

<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

               (a)  Unregistered Sales of Equity Securities.  Not Applicable

               (b)  Use of Proceeds.  Not Applicable

               (c)  Issuer Purchases of Equity Securities.

<TABLE>
<CAPTION>
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
                                                                       (c) Total Number        (d) Maximum Number
                                                                        Of Shares (or Units)   (or Approximate Dollar
                                                         (b)            Purchased as Part      Value) of Shares (or
                           (a) Total Number          Average Price        Of Publicly          Units) that May Yet Be
                           of Shares (or             Paid per Share     Announced Plans         Purchased Under the
Period                     Units) Purchased            (or Unit)          or Programs*          Plans or Programs**
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
<S>                        <C>                   <C>                  <C>                     <C>
April 1 through 30                                                                             130,286
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
May 1 through 31            10,000                10.50                10,000                  120,286
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
June 1 through 30                                                                              120,286
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
Total                       10,000                10.50                10,000                  120,286
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
</TABLE>

       *    Consists of open-market  purchases by the  Restricted  Stock
            Plan Trust

       **   The Company  announced the repurchase of up to approximately
            85,500  shares on 12/13/05 and 47,000  shares for the RSP on
                    1/31/06.

ITEM 3.        DEFAULTS UPON SENIOR SECURITIES

               Not applicable.

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

               Not applicable

                                       15

<PAGE>

ITEM 5.        OTHER INFORMATION

               (a)  Not applicable.

               (b)  Not applicable

ITEM 6.        EXHIBITS

               List of Exhibits:

<TABLE>
<CAPTION>
<S>                <C>
               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
</TABLE>

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

                                       16

<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:  August 9, 2006     By: /s/Frank J. Travea, III
                              --------------------------------------------------
                              Frank J. Travea, III
                              President and Chief Executive Officer
                              (Principal Executive Officer)

Date:  August 9, 2006     By: /s/Janice A. Summers
                              --------------------------------------------------
                              Janice A. Summers
                              Senior Vice President, Chief Operating Officer and
                              Chief Financial Officer
                              (Principal Financial and Accounting Officer)


                                       17