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                 March 31, 2007
                               -------------------------------------------------
                                       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   (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: May 4, 2007

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

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

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.
                                   FORM 10-QSB
                      FOR THE QUARTER ENDED MARCH 31, 2007

                                      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 - 16
Item 5.  Other Information                                               16
Item 6.  Exhibits                                                        16

SIGNATURES                                                               17


<PAGE>

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

(Unaudited)

(In thousands, except share data)
<TABLE>
<CAPTION>
                                                                              March 31,    September 30,
                                                                                2007           2006
                                                                              --------       --------
<S>                                                                         <C>            <C>
Assets

Cash and due from banks                                                       $  3,371       $  2,778
Interest-bearing deposits                                                        1,454            603
                                                                              --------       --------
     Total cash and cash equivalents                                             4,825          3,381

Securities available for sale                                                   29,615         27,207
Securities held to maturity                                                        296            395
Loans receivable, net                                                           95,204         94,014
Accrued interest receivable                                                        656            647
Federal Home Loan Bank of New York stock, at cost                                  538            575
Premises and equipment                                                           3,748          3,833
Other assets                                                                       784            772
                                                                              --------       --------
     Total assets                                                             $135,666       $130,824
                                                                              ========       ========

Liabilities and Stockholders' Equity

Liabilities

Deposits                                                                      $109,366       $103,683
Borrowed funds                                                                   8,475          9,300
Advances from borrowers for taxes and insurance                                    436            418
Other liabilities                                                                1,078          1,013
                                                                              --------       --------
     Total liabilities                                                         119,355        114,414
                                                                              --------       --------

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                                                      10,371         10,354
Unallocated employee stock ownership plan shares                                  (582)          (621)
Unallocated restricted stock plan shares                                          (160)           (54)
Stock purchased for deferred compensation plan                                    (151)             -
Retained earnings - substantially restricted                                     6,802          6,815
Accumulated other comprehensive loss - unrealized loss
  on securities available for sale, net of tax                                    (140)          (255)
                                                                              --------       --------
     Total stockholders' equity                                                 16,311         16,410
                                                                              --------       --------

     Total liabilities and stockholders' equity                               $135,666       $130,824
                                                                              ========       ========
</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
                                                                                            March 31,
                                                                                  ----------------------------
                                                                                   2007                  2006
                                                                                  ------                ------
<S>                                                                             <C>                   <C>
Interest income:
   Loans receivable                                                               $1,593                $1,315
   Securities                                                                        315                   242
   Other interest-earning assets                                                      31                    12
                                                                                  ------                ------
        Total interest income                                                      1,939                 1,569
                                                                                  ------                ------

Interest expense:
   Deposits                                                                          754                   390
   Borrowed funds                                                                     77                   100
                                                                                  ------                ------
        Total interest expense                                                       831                   490
                                                                                  ------                ------

Net interest income before provision for loan losses                               1,108                 1,079
Provision for loan losses                                                             10                    30
                                                                                  ------                ------
        Net interest income after provision for loan losses                        1,098                 1,049
                                                                                  ------                ------

Non-interest income:
   Loan fees and late charges                                                         27                    12
   Account servicing and other                                                       111                    97
   Gain on sale of loans                                                               -                     2
                                                                                  ------                ------
        Total non-interest income                                                    138                   111
                                                                                  ------                ------

Non-interest expense:
   Compensation and benefits                                                         652                   585
   Occupancy and equipment                                                           162                   141
   Service bureau and data processing                                                105                   103
   Other expense                                                                     207                   198
                                                                                  ------                ------
        Total non-interest expense                                                 1,126                 1,027
                                                                                  ------                ------

        Income before income taxes                                                   110                   133
Income taxes                                                                          49                    62
                                                                                  ------                ------
        Net income                                                                    61                    71

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale, net of tax                73                   (50)
                                                                                  ------                ------
Comprehensive income                                                              $  134                $   21
                                                                                  ======                ======

Earnings per common share:
  Basic                                                                            $0.04                 $0.04
  Diluted                                                                          $0.04                 $0.04

Weighted average number of shares outstanding:
  Basic                                                                            1,642                 1,631
  Diluted                                                                          1,653                 1,641
</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 Six Months Ended
                                                                                             March 31,
                                                                                -----------------------------
                                                                                  2007                 2006
                                                                                 ------               ------
<S>                                                                            <C>                  <C>
Interest income:
   Loans receivable                                                              $3,221               $2,590
   Securities                                                                       597                  488
   Other interest-earning assets                                                     54                   25
                                                                                 ------               ------
        Total interest income                                                     3,872                3,103
                                                                                 ------               ------
Interest expense:
   Deposits                                                                       1,463                  741
   Borrowed funds                                                                   159                  207
                                                                                 ------               ------
        Total interest expense                                                    1,622                  948
                                                                                 ------               ------

Net interest income before provision for loan losses                              2,250                2,155
Provision for loan losses                                                            32                   60
                                                                                 ------               ------
        Net interest income after provision for loan losses                       2,218                2,095
                                                                                 ------               ------
Non-interest income:
   Loan fees and late charges                                                        51                   26
   Account servicing and other                                                      224                  194
   Gain on sale of loans                                                              -                    2
                                                                                 ------               ------
        Total non-interest income                                                   275                  222
                                                                                 ------               ------
Non-interest expense:
   Compensation and benefits                                                      1,265                1,059
   Occupancy and equipment                                                          318                  273
   Service bureau and data processing                                               217                  208
   Other expense                                                                    418                  378
                                                                                 ------               ------
        Total non-interest expense                                                2,218                1,918
                                                                                 ------               ------

        Income before income taxes                                                  275                  399
Income taxes                                                                        124                  176
                                                                                 ------               ------
        Net income                                                                  151                  223

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale, net of tax              115                 (118)
                                                                                 ------               ------
Comprehensive income                                                             $  266               $  105
                                                                                 ======               ======

Earnings per common share:
  Basic                                                                           $0.09                $0.14
  Diluted                                                                         $0.09                $0.14

Weighted average number of shares outstanding:
  Basic                                                                           1,641                1,630
  Diluted                                                                         1,653                1,637
</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>
                                                                                    Common                  Accumulated
                                         Additional                                Stock for                  Other
                               Common     Paid-in      Unallocated   Unallocated   Deferred    Retained    Comprehensive
                               Stock      Capital      ESOP Shares   RSP Shares  Compensation  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 six months
  ended March 31, 2007             -            -             -             -           -           151            -          151

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

Amortization of ESOP shares        -           19            39             -           -             -            -           58

Change in unrealized loss on
  securities available for sale,
  net of income taxes              -            -             -             -           -             -          115          115

Common stock acquired by RSP       -           (2)            -          (130)          -             -            -         (132)

Allocation of RSP shares           -            -             -            24           -             -            -           24

Common stock acquired for
  deferred compensation plan       -            -             -             -        (151)            -            -         (151)
                                ----      -------         -----         -----       -----        ------        -----      -------

Balance at March 31, 2007       $171      $10,371         ($582)        ($160)      ($151)       $6,802        ($140)     $16,311
                                ====      =======         =====         =====       =====        ======        =====      =======
</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 Six Months Ended
                                                                                    March 31,
                                                                               ------------------
                                                                                 2007       2006
                                                                               -------    -------
<S>                                                                          <C>        <C>
Cash flows from operating activities:
   Net income                                                                  $   151    $   223
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                              164        136
         Amortization of premiums and discounts, net                                 -          6
         Amortization of deferred loan fees and costs, net                         (27)       (25)
         Provision for loan losses                                                  32         60
         Originations of loans held for sale, net of repayments                   (142)    (1,084)
         Gain on sale of loans                                                       -         (2)
         Proceeds from sale of loans held for sale                                 142      1,086
         Increase in other assets                                                  (88)       (49)
         Increase in accrued interest receivable                                    (9)       (77)
         Increase in other liabilities                                              65         71
         Amortization/allocation of ESOP and RSP                                    82         51
                                                                               -------    -------
                   Net cash provided by operating activities                       370        396
                                                                               -------    -------

Cash flows from investing activities:
    Proceeds from maturities of certificates of deposit                              -        300
    Purchase of securities available for sale                                   (5,509)         -
    Proceeds from payments and maturities of securities available for sale       3,292        779
    Proceeds from payments and maturities of securities held to maturity            99         93
    Loan originations, net of principal repayments                              (1,195)    (6,187)
    Redemption of Federal Home Loan Bank stock, net                                 37         94
    Purchase of premises and equipment                                             (79)      (189)
                                                                               -------    -------
                   Net cash used in investing activities                        (3,355)    (5,110)
                                                                               -------    -------

Cash flows from financing activities:
    Net increase in deposits                                                     5,683      6,161
    Net increase (decrease) in short-term borrowed funds                           175     (1,900)
    Repayment of long-term borrowed funds                                       (1,000)         -
    Increase in advance payments by borrowers for taxes and insurance               18          6
    Dividends paid                                                                (164)      (163)
    Purchase of common shares by RSP                                              (132)       (24)
    Purchase of common shares for deferred compensation plan                      (151)         -
                                                                               -------    -------
                   Net cash provided by financing activities                     4,429      4,080
                                                                               -------    -------

    Net increase (decrease) in cash and cash equivalents                         1,444       (634)
    Cash and cash equivalents at beginning of period                             3,381      3,075
                                                                               -------    -------
    Cash and cash equivalents at end of period                                 $ 4,825    $ 2,441
                                                                               =======    =======

Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                                $ 1,615    $   946
        Income taxes                                                               358        250
</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 six months ended March 31, 2007, 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:

<TABLE>
<CAPTION>
                                  Three Months Ended March 31,     Six Months Ended March 31,
                                  ----------------------------    ---------------------------
                                     2007            2006            2007            2006
                                  ----------      ----------      ----------      ----------
<S>                              <C>             <C>             <C>             <C>
Net income                        $   61,442      $   71,080      $  151,389      $  222,594
                                  ==========      ==========      ==========      ==========

Weighted average common shares
outstanding for computation of
basic EPS                          1,642,487       1,631,122       1,641,343       1,629,978

Common-equivalent shares due
to the dilutive effect of stock
options and RSP awards                10,346           9,427          11,396           7,485
                                  ----------      ----------      ----------      ----------

Weighted average common shares
for computation of diluted EPS     1,652,833       1,640,549       1,652,739       1,637,463
                                  ==========      ==========      ==========      ==========

Earnings per common share:
         Basic                    $      .04      $      .04      $      .09      $      .14
         Diluted                         .04             .04             .09             .14

</TABLE>

                                       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 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.

The following table summarizes activity under the Plans for the six months ended
March 31, 2007

                                                     Weighted
                                                     Average
                                    Number           Exercise
                                   of Shares          Price
                                   ---------          -----

Outstanding September 30, 2006      125,870          $10.641

Forfeited                            (2,000)          12.725
                                    -------           ------

Outstanding March 31, 2007          123,870          $10.607
                                    =======          =======

The following table summarizes all options outstanding as of March 31, 2007, all
of which are exercisable:

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

           12,428          $  3.595              1.9 years
           54,642            10.000              8.8 years
           56,800            12.725              9.4 years
         --------            ------

         123,870           $10.607               8.4 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.  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,  it would have reported a net
loss of $54,285 and basic and diluted earnings per share of $(.03) for the three
months  ended  March 31,  2006,  and net income of $97,229 and basic and diluted
earnings per share of $.06 for the six months ended March 31, 2006.

                                       7

<PAGE>

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  $14,000 and $32,000,  respectively,  for the three and  six-month
periods ended March 31, 2007,  compared to $53,000 and $59,000 for the same 2006
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  $28,000 and $58,000,  respectively,  for the three and  six-month
periods ended March 31, 2007,  compared to $23,000 and $45,000 for the same 2006
periods.

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

In  February,  2007,  the FASB issued SFAS No. 159,  "The Fair Value  Option for
financial  Assets and  Financial  Liabilities  - Including  an amendment of FASB
Statement No. 115." This  statement  permits an entity to choose to measure many
financial  instruments  and certain other items at fair value. A business entity
will report unrealized gains and losses on items for which the fair value option
has been elected in earnings at each  subsequent  reporting date. The fair value
option 1) may be applied instrument by instrument,  with a few exceptions,  such
as investments  otherwise  accounted for by the equity method, 2) is irrevocable
(unless a new election date occurs) and 3) is applied only to entire instruments
and not to  portions  of  instruments.  The  statement  is  effective  as of the
beginning of an entity's  first fiscal year that begins after November 15, 2007.
Early  adoption is permitted as of the beginning of a fiscal year that begins on
or before  November  15,  2007,  provided  the entity  also  elects to apply the
provisions of FASB  Statement No. 157,  Fair Value  Measurements.  The choice to
adopt early should be made after  issuance of the

                                       8

<PAGE>

Statement  but within 120 days of the  beginning of the fiscal year of adoption.
The Company is currently evaluating the impact of this pronouncement.

NOTE 5 - RECLASSIFICATIONS

Certain prior period  amounts have been  reclassified  to conform to the current
period presentation.

                                       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  March  31,  2007,  the  Company  had  total  assets,  deposits  and
stockholders'  equity of  $135.7  million,  $109.4  million  and $16.3  million,
respectively.  For the three months ended March 31, 2007,  the Company  reported
net income of $61,000,  or $.04 per diluted share,  compared to $71,000, or $.04
per diluted  share,  for the same period in 2006. For the six months ended March
31,  2007,  the Company  reported  net income of  $151,000,  or $.09 per diluted
share,  compared to $223,000,  or $.14 per diluted share, for the same period in
2006. The decrease in net income 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 $4.9 million to $135.7  million at March 31,
2007,  from $130.8 million at September 30, 2006.  This increase is attributable
to a $2.3 million increase in investment securities,  a $1.4 million increase in
cash and cash equivalents and a $1.2 million  increase in the loans  receivable,
net,  portfolio.  The  majority  of the  change  in  loans  receivable,  net was
attributable  to an increase of $2.0 million and $1.5 million in the one-to-four
family  residential and home equity loan portfolios,  respectively,  offset by a
$2.3  million   decrease  in  the  commercial   real  estate,   multifamily  and
construction  loan  portfolios.  While new loan  activity was strong  during the
quarter,  payoffs were high,  which  caused the increase in loan  balances to be
less than it would otherwise have been. We continue to experience and anticipate
a  challenging  year in the lending  arena with the slow-down in the real estate
market and an increasingly competitive  environment.  Deposits increased by $5.7
million,  or 5.5%,  to $109.4  million at March 31, 2007 from $103.7  million at
September 30, 2006 while  borrowed funds  decreased by $825,000  during the same
period,  to $8.5 million at March 31, 2007 from $9.3  million at  September  30,
2006.  Stockholders'  equity declined $99,000 to $16.3 million at March 31, 2007
from $16.4  million at September  30, 2006.  The  decrease was  attributable  to
aggregate  dividends  paid of $164,000 and purchases of stock for the restricted
stock plans  ($132,000) and the deferred  compensation  plan  ($151,000).  These
reductions in equity offset increases in equity due to $151,000 in net income, a
$115,000 decline in unrealized  losses on securities  available for sale, net of
income taxes,  $58,000 from amortization of ESOP shares and $24,000 from vesting
of RSP shares.

                                       10

<PAGE>

Results of Operations

         Net Interest  Income.  For the  three-months  ended March 31, 2007, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$1,108,000, which represents an increase of $29,000 or 2.7% over the same period
in 2006.  The increase in net  interest  income was the result of an increase in
interest  income of  $370,000,  offset by an  increase  in  interest  expense of
$341,000.  The  interest  rate spread was 2.77% for the three months ended March
31, 2007 compared to 3.38% for the three months ended March 31, 2006,  while the
net interest margin was 3.48% for the 2007 period compared to 3.90% for the 2006
period.  For the six-month period ended March 31, 2007, the Company reported net
interest  income  before  provision for loan losses of  $2,250,000,  compared to
$2,155,000  for the six months ended March 31, 2006, an increase of $95,000,  or
4.4%. The interest rate spread was 2.86% for the six months ended March 31, 2007
compared  to 3.40%  for the six  months  ended  March  31,  2006,  while the net
interest  margin was 3.56% for the 2007  period  compared  to 3.91% for the 2006
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 inverted in that time period,
as short-term rates now exceed  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 March 31, 2007  increased by $17.7  million  compared to the three
months  ended March 31,  2006,  while the average  yield  increased  by 41 basis
points to 6.14% from 5.73%.  The increase in total  interest  income of $370,000
for the three  months  ended  March 31,  2007 is  comprised  of an  increase  in
interest  income of $278,000 on loans  receivable  and an increase of $92,000 in
interest income on securities and other  interest-earning  assets.  Average loan
receivable  balances increased by $12.8 million for the three months ended March
31, 2007 compared to the same 2006 period,  while the average yield increased to
6.77% from 6.39%. For the three months ended March 31, 2007, the average balance
of  securities  and other  interest-earning  assets  increased  by $4.9  million
compared to the same 2006  period,  while the average  yield  increased to 4.30%
from 3.74%.

         The average balance of total interest-earning assets for the six months
ended March 31, 2007 increased by $17.0 million compared to the six months ended
March 31, 2006,  while the average  yield  increased by 50 basis points to 6.16%
from 5.66%. The increase in total interest income of $769,000 for the six months
ended March 31, 2007 is comprised of an increase in interest  income of $631,000
on loans receivable and an increase of $138,000 in interest income on securities
and other interest-earning assets. Average loan receivable balances increased by
$13.4  million for the six months ended March 31, 2007 compared to the same 2006
period,  while the average  yield  increased  to 6.80% from  6.31%.  For the six
months  ended  March 31,  2007,  the  average  balance of  securities  and other
interest-earning  assets  increased  by $3.6  million  compared to the same 2006
period, while the average yield increased to 4.20% from 3.74%.

         The average balance of interest-bearing  liabilities increased by $15.3
million for the three months ended March 31, 2007  compared to same 2006 period,
while the average  cost  increased  103 basis  points to 3.37% from  2.34%.  The
increase in total interest  expense of $341,000 for the three months ended March
31, 2007 is  comprised of a $364,000  increase in interest  expense on deposits,
offset  by a  $23,000  decrease  in  interest  expense  on  borrowings.  Average
interest-bearing deposit balances increased by $17.7 million with an increase in
the average cost to 3.30% for the three months ended March 31, 2007, compared to
2.10% for the same 2006  period,  while  average  borrowings  decreased  by $2.4
million, with an increase in the average cost to 4.31% from 4.21%.

         For the six  months  ended  March 31,  2007,  the  average  balance  of
interest-bearing  liabilities  increased by $14.4 million  compared to same 2006
period,  while the  average  cost  increased  by 104 basis  points to 3.30% from
2.26%.  The  increase in total  interest  expense of $674,000 for the six months
ended March 31, 2007 is comprised of a $722,000  increase in interest expense on
deposits,  offset by a $48,000  decrease  in  interest  expense  on  borrowings.
Average  interest-bearing  deposit  balances  increased by $16.9 million with an
increase in the average  cost to 3.22% for the six months  ended March 31, 2007,
compared to 2.00% for the same 2006 period,  while average borrowings  decreased
by $2.5 million, with an increase in the average cost to 4.32% from 4.19%.

                                       11

<PAGE>

         Provision  for Loan Losses.  The  provision for loan losses was $10,000
and $32,000,  respectively,  for the three and six month periods ended March 31,
2007, compared to $30,000 and $60,000 for the same periods in 2006. At March 31,
2007,  the allowance for loan losses was $735,000  (.77% of the loan  portfolio)
compared to $631,000 (.76% of the loan portfolio) at March 31, 2006.  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 24.3%,
to $138,000 for the three months ended March 31, 2007 and increased $53,000,  or
23.9%,  to $275,000 for the six months ended March 31, 2007 compared to the same
2006 period. Loan fees and late charges increased by $15,000 and $25,000 for the
three and six months  ended March 31, 2007,  respectively,  compared to the same
2006 periods,  while account  servicing and other fees  increased by $14,000 and
$30,000  for the three  and six  months  ended  March  31,  2007,  respectively,
compared  to the same 2006  periods.  The  increase  in loan  fees is  primarily
attributable  to the  receipt  of  prepayment  fees on loans that paid off and a
non-refundable  commitment  fee  received  for a loan  application  that did not
close.  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 $99,000, or 9.6%,
to  $1,126,000  for the  three-month  period ended March 31, 2007 and  increased
$300,000,  or 15.6%,  to  $2,218,000  for the six months  ended March 31,  2007,
compared to the same  periods in 2006,  with the most  significant  increases in
compensation and benefits and occupancy and equipment expense.  Compensation and
benefits  increased  by $67,000 and  $206,000 for the three and six months ended
March 31, 2007 compared to the same 2006 periods  while  occupancy and equipment
increased  by $21,000 and  $45,000 for the three and six months  ended March 31,
2007  compared  to the same 2006  periods.  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, which opened 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.  The increase in  occupancy  and  equipment
expense relates to the new Delran facility.

         While we project that the  resulting  growth from our new branches will
result in increased  profitability for the Company over the long-term,  earnings
will be suppressed in the short-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 March  31,  2007,  the Bank was in  compliance  with its  regulatory
capital requirements as follows:

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

Tangible capital                                   $12,208          8.98%
Tangible capital requirement                         2,038          1.50%
                                                   -------          ----
Excess over requirement                            $10,170          7.48%
                                                   =======          ====

Core capital                                       $12,208          8.98%
Core capital requirement                             5,436          4.00%
                                                   -------          ----
Excess over requirement                            $ 6,772          4.98%
                                                   =======          ====

Risk-based capital                                 $12,952         14.75%
Risk-based capital requirement                       7,026          8.00%
                                                   -------         -----
Excess over requirement                            $ 5,926          6.75%
                                                   =======         =====

                                       12

<PAGE>

         The Company anticipates that it will have sufficient funds available to
meet its current  commitments.  As of March 31, 2007,  the Bank had  outstanding
commitments to fund loans of $7.2 million, commitments on unused lines of credit
of $9.6 million,  undisbursed construction loans of $6.8 million and $218,000 in
outstanding  letters of credit.  Certificates of deposit  scheduled to mature in
one  year or less  as of  March  31,  2007,  totaled  $45.4  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 March  31,
                                                         2007(1)   2006(1)
                                                       --------- ----------

Earnings per common share (2):
    Basic                                              $ 0.04      $ 0.04
    Diluted                                            $ 0.04      $ 0.04
Return on average assets (1)                              .18%        .25%
Return on average equity (1)                             1.50%       1.78%
Interest rate spread (1)                                 2.77%       3.38%
Net interest margin (1)                                  3.48%       3.90%
Non-interest expense to average assets (1)               3.36%       3.54%
Non-performing assets to total assets                     .30%        .05%
Non-performing loans to total loans                       .42%        .07%

                                                          At March 31,
                                                         2007      2006
                                                       --------- ----------

Book value per share (3)                               $ 9.53      $ 9.37

-------------
(1)  The ratios for the three-month periods presented are annualized.
(2)  The average  number of shares  outstanding  during the three  months  ended
     March 31, 2007,  was  1,642,487  basic and 1,652,833  diluted.  The average
     number of shares  outstanding during the three months ended March 31, 2006,
     was 1,631,122 basic and 1,640,549 diluted.
(3)  There were 1,712,259 shares  outstanding as of March 31, 2007 and 1,710,045
     shares outstanding as of March 31, 2006.


                                                     For the Six Months Ended
                                                             March  31,
                                                         2007(1)   2006(1)
                                                       --------- ----------

Earnings per common share (2):
    Basic                                              $ 0.09      $ 0.14
    Diluted                                            $ 0.09      $ 0.14
Return on average assets (1)                              .23%        .39%
Return on average equity (1)                             1.85%       2.77%
Interest rate spread (1)                                 2.86%       3.40%
Net interest margin (1)                                  3.56%       3.91%
Non-interest expense to average assets (1)               3.34%       3.32%

-------------
(1)  The ratios for the six-month periods presented are annualized.
(2)  The average number of shares  outstanding during the six months ended March
     31, 2007, was 1,641,343 basic and 1,652,739 diluted.  The average number of
     shares  outstanding  during  the six  months  ended  March  31,  2006,  was
     1,629,978 basic and 1,637,463 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>
January 1 through 31              11,622**              11.75                11,622                  108,355
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
February 1 through 28              2,850***             12.50                                        108,355
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
March 1 through 31                 9,165***             12.50                                        108,355
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
Total                             23,637                12.13                                        108,355
--------------------------- --------------------- -------------------- ----------------------- -----------------------------
</TABLE>

*    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.
**   Consists of ESOP shares purchased by the Restricted Stock Plan Trust
***  Represents shares purchased for the Deferred Compensation Plan


ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not applicable

                                       15

<PAGE>

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

                  The Annual Meeting of  Stockholders of the Company was held on
                  January 29, 2007 and the following matters were voted upon:

                  Proposal I - Election of Directors for terms to expire in 2010

                                                     For               Withheld
                                                     ---               --------
                  Mark V. Dimon                      1,485,902         5,429
                  John J. Ferry                      1,487,123         4,208

                  Proposal II - Ratification  of Appointment of Accountants  for
                  the fiscal year ended September 30, 2007

                           For              Against           Abstain
                           ---              -------           -------
                           1,489,233        625               1,473

                  There were no broker non-votes on proposals I or II.

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:  May 11, 2007       By: /s/Frank J. Travea, III
                              --------------------------------------------------
                              Frank J. Travea, III
                              President and Chief Executive Officer
                              (Principal Executive Officer)

Date:  May 11, 2007       By: /s/Janice A. Summers
                              --------------------------------------------------
                              Janice A. Summers
                              Senior Vice President, Chief Operating Officer and
                              Chief Financial Officer
                              (Principal Financial and Accounting Officer)

                                       17