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, 2005
                               -------------------------------------------------

                                       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                (I.R.S. employer identification no.)
of 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
                                                              ---      ---

                      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 11, 2005

           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 MARCH 31, 2005

                                      INDEX

                                                                           Page
                                                                          Number
                                                                          ------

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

Item 1.  Consolidated Financial Statements and Notes Thereto               1 - 6
Item 2.  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                       7-11
Item 3.  Controls and Procedures                                              11

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                                    12
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds          12
Item 3.  Defaults upon Senior Securities                                      12
Item 4.  Submission of Matters to a Vote of Security Holders               12-13
Item 5.  Other Information                                                    13
Item 6.  Exhibits                                                             13

SIGNATURES                                                                    14

<PAGE>

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

(Unaudited)

(In Thousands)

<TABLE>
<CAPTION>
                                                                                    March 31,  September 30,
                                                                                      2005         2004
                                                                                   ---------    ---------
<S>                                                                              <C>          <C>
Assets

Cash and due from banks                                                            $   1,951    $   1,820
Interest-bearing deposits                                                                413        1,877
                                                                                   ---------    ---------
     Total cash and cash equivalents                                                   2,364        3,697

Certificates of deposit                                                                  500        1,200
Securities available for sale                                                         28,830       24,172
Securities held to maturity                                                              705          979
Loans held for sale                                                                        -          148
Loans receivable, net                                                                 69,658       64,376
Accrued interest receivable                                                              474          389
Federal Home Loan Bank of New York stock, at cost                                        558          558
Premises and equipment                                                                 2,040        1,726
Other assets                                                                             339          127
                                                                                   ---------    ---------
     Total assets                                                                  $ 105,468    $  97,372
                                                                                   =========    =========

Liabilities and Stockholders' Equity

Liabilities

Deposits                                                                           $  80,807    $  79,817
Borrowed funds                                                                         8,100        1,000
Advances from borrowers for taxes and insurance                                          429          439
Other liabilities                                                                        407          562
                                                                                   ---------    ---------
     Total liabilities                                                                89,743       81,818
                                                                                   ---------    ---------

Stockholders' equity

Serial preferred stock, $.10 par value; 5,000,000 shares authorized;
  none issued                                                                              -            -
Common stock; $0.10 par value; 20,000,000 shares authorized; 1,710,045 and
  1,687,403 shares issued at March 31, 2005 and September 30, 2004, respectively         171          169
Additional paid-in-capital                                                            10,321       10,151
Unallocated employee stock ownership plan shares                                        (737)        (776)
Unallocated restricted stock plan shares                                                 (17)           -
Retained earnings - substantially restricted                                           6,258        5,936
Accumulated other comprehensive income (loss) - unrealized gain (loss)
  on securities available for sale, net of tax                                          (271)          74
                                                                                   ---------    ---------
     Total stockholders' equity                                                       15,725       15,554
                                                                                   ---------    ---------

     Total liabilities and stockholders' equity                                    $ 105,468    $  97,372
                                                                                   =========    =========
</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,
                                                                         ------------------
                                                                          2005       2004
                                                                         -------    -------
<S>                                                                    <C>        <C>
Interest income:
   Loans receivable                                                      $   978    $   852
   Securities                                                                265        187
   Other interest-earning assets                                              14         17
                                                                         -------    -------
        Total interest income                                              1,257      1,056
                                                                         -------    -------

Interest expense:
   Deposits                                                                  236        219
   Borrowed funds                                                             52          1
                                                                         -------    -------
        Total interest expense                                               288        220
                                                                         -------    -------

Net interest income before provision for loan losses                         969        836
Provision for loan losses                                                     24          4
                                                                         -------    -------
        Net interest income after provision for loan losses                  945        832
                                                                         -------    -------

Non-interest income:
   Loan fees and late charges                                                 12         14
   Account servicing and other                                               100         96
   Gain on sale of loans                                                       1          -
                                                                         -------    -------
        Total non-interest income                                            113        110
                                                                         -------    -------

Non-interest expense:
   Compensation and benefits                                                 409        406
   Occupancy and equipment                                                   117         83
   Service bureau and data processing                                         97         99
   Federal insurance premiums                                                  3          3
   Other expense                                                             155        139
                                                                         -------    -------
        Total non-interest expense                                           781        730
                                                                         -------    -------

        Income before provision for income taxes                             277        212
Provision for income taxes                                                   124         91
                                                                         -------    -------
        Net income                                                           153        121

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale, net of tax      (228)        63
                                                                         -------    -------
Comprehensive income (loss)                                              ($   75)   $   184
                                                                         =======    =======

Earnings per common share:
  Basic                                                                  $  0.10    $  0.07
  Diluted                                                                $  0.09    $  0.07

Weighted average number of shares outstanding:
  Basic                                                                    1,605      1,663
  Diluted                                                                  1,616      1,681
</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,
                                                                  ------------------
                                                                    2005       2004
                                                                  -------    -------
<S>                                                             <C>        <C>
Interest income:
   Loans receivable                                               $ 1,909    $ 1,712
   Securities                                                         515        378
   Other interest-earning assets                                       31         33
                                                                  -------    -------
        Total interest income                                       2,455      2,123
                                                                  -------    -------

Interest expense:
   Deposits                                                           462        458
   Borrowed funds                                                      84          1
                                                                  -------    -------
        Total interest expense                                        546        459
                                                                  -------    -------

Net interest income before provision for loan losses                1,909      1,664
Provision for loan losses                                              41         16
                                                                  -------    -------
        Net interest income after provision for loan losses         1,868      1,648
                                                                  -------    -------

Non-interest income:
   Loan fees and late charges                                          24         27
   Account servicing and other                                        205        198
   Gain on sale of loans                                                2          2
                                                                  -------    -------
        Total non-interest income                                     231        227
                                                                  -------    -------

Non-interest expense:
   Compensation and benefits                                          826        807
   Occupancy and equipment                                            195        162
   Service bureau and data processing                                 196        201
   Federal insurance premiums                                           6          6
   Other expense                                                      303        281
                                                                  -------    -------
        Total non-interest expense                                  1,526      1,457
                                                                  -------    -------

        Income before provision for income taxes                      573        418
Provision for income taxes                                            251        179
                                                                  -------    -------
        Net income                                                    322        239

Other comprehensive income, net of tax:
   Unrealized loss on securities available for sale, net of tax      (345)        74
                                                                  -------    -------
Comprehensive income (loss)                                       ($   23)   $   313
                                                                  =======    =======

Earnings per common share:
  Basic                                                           $  0.20    $  0.14
  Diluted                                                         $  0.20    $  0.14

Weighted average number of shares outstanding:
  Basic                                                             1,601      1,662
  Diluted                                                           1,619      1,678
</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       Total
                               -----------  ------------  ------------  -----------   -----------  ------------ ----------
<S>                                <C>        <C>             <C>            <C>        <C>            <C>      <C>

Balance at September 30, 2004        $169       $10,151         ($776)            -       $5,936           $74    $15,554

Net income for the six months
  ended March 31, 2005                  -             -             -             -          322             -        322

Exercise of stock options               2            79             -             -            -             -         81

Common stock acquired by RSP            -            (1)            -           (20)           -             -        (21)

Allocation of RSP shares                -             -             -             3            -             -          3

Amortization of ESOP shares             -             6            39             -            -             -         45

Tax benefit of stock benefit plans      -            86             -             -            -             -         86

Change in unrealized gain on
  securities available for sale,
  net of income taxes                   -             -             -                          -          (345)      (345)
                                     ----       -------         -----          ----       ------         -----    -------

Balance at March 31, 2005            $171       $10,321         ($737)         ($17)      $6,258         ($271)   $15,725
                                     ====       =======         =====          ====       ======         =====    =======
</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,
                                                                             ------------------
                                                                               2005       2004
                                                                             -------    -------
<S>                                                                         <C>        <C>
Cash flows from operating activities:
   Net income                                                                $   322    $   239
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                             80         78
         Amortization of premiums and discounts, net                               7         31
         Amortization of deferred loan fees and costs, net                         7          1
         Provision for loan losses                                                41         16
         Originations of loans held for sale, net of repayments                 (602)      (200)
         Gain on sale of loans                                                    (2)        (2)
         Proceeds from sale of loans held for sale                               752        225
         Decrease in other assets                                                 99         24
         (Increase) decrease in accrued interest receivable                      (85)        33
         (Decrease) increase in other liabilities                               (151)        39
         Expense of ESOP and RSP                                                  48         20
                                                                             -------    -------
                   Net cash provided by operating activities                     516        504
                                                                             -------    -------

Cash flows from investing activities:
    Proceeds from maturities of certificates of deposit                          700        200
    Purchase of securities available for sale                                 (8,756)    (3,500)
    Proceeds from payments and maturities of securities available for sale     3,516      6,690
    Purchase of securities held to maturity                                        -       (140)
    Proceeds from payments and maturities of securities held to maturity         275        691
    Loan originations, net of principal repayments                            (5,330)    (3,651)
    Proceeds from sale of loans                                                    -        201
    Purchase of premises and equipment                                          (394)       (18)
                                                                             -------    -------
                   Net cash (used in) provided by investing activities        (9,989)       473
                                                                             -------    -------

Cash flows from financing activities:
    Net increase in deposits                                                     990        568
    Net increase (decrease) in short-term borrowed funds                       2,100     (1,200)
    Proceeds from long-term borrowed funds                                     5,000          -
   (Decrease) increase in advance payments by borrowers for taxes
       and insurance                                                             (10)        24
    Purchase of common shares by RSP                                             (21)         -
    Proceeds from exercise of stock options                                       81          -
                                                                             -------    -------
                   Net cash provided by (used in) financing activities         8,140       (608)
                                                                             -------    -------

    Net (decrease) increase in cash and cash equivalents                      (1,333)       369
    Cash and cash equivalents at beginning of period                           3,697      2,031
                                                                             -------    -------
    Cash and cash equivalents at end of period                               $ 2,364    $ 2,400
                                                                             =======    =======

Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                                  544        459
        Income taxes                                                             154        254

</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, 2005, are
not  necessarily  indicative  of the results to be expected  for the year ending
September  30,  2005,  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, 2004 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.  Per share
data for  periods  prior to October  1, 2004 has been  restated  to reflect  the
second step conversion completed on September 30, 2004.

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,
                                ----------------------------    --------------------------
                                      2005         2004               2005          2004
                                      ----         ----               ----          ----

<S>                             <C>          <C>                <C>          <C>
Net income                        $  152,944   $  120,531         $  321,624   $  238,509
                                  ==========   ==========         ==========   ==========

Weighted average common shares
outstanding for computation of
basic EPS (1)                      1,604,991    1,663,206          1,601,207    1,662,429

Common-equivalent shares due
to the dilutive effect of stock
options and RSP awards                11,490       17,860             17,673       15,815
                                  ----------   ----------         ----------   ----------

Weighted average common shares
for computation of diluted EPS     1,616,481    1,681,066          1,618,880    1,678,244
                                  ==========   ==========         ==========   ==========

Earnings per common share:
         Basic                    $      .10   $      .07         $      .20   $      .14
         Diluted                         .09          .07                .20          .14
</TABLE>

(1) Excludes unallocated ESOP shares

                                       6
<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,  2005,  the  Company  had  total  assets,  deposits  and
stockholders'  equity of  $105.5  million,  $80.8  million  and  $15.7  million,
respectively.  For the three months ended March 31, 2005,  the Company  reported
net income of $153,000, or $.09 per diluted share, compared to $121,000, or $.07
per diluted  share,  for the same period in 2004. For the six months ended March
31,  2005,  the Company  reported  net income of  $322,000,  or $.20 per diluted
share,  compared to $239,000,  or $.14 per diluted share, for the same period in
2004.

Changes in Financial Condition

         Total assets  increased by $8.1 million to $105.5  million at March 31,
2005, from $97.4 million at September 30, 2004.  Investment securities increased
by $4.4 million,  or 17.4%,  while cash and cash  equivalents and investments in
certificates  of deposit  decreased by $1.3 million and $700,000,  respectively.
Loans receivable,  net increased by $5.3 million, or 8.2%. Investment securities
increased to $29.5 million at March 31, 2005 from $25.1 million at September 30,
2004. Investment securities purchased  year-to-date totaled $8.8 million, all of
which are available for sale,  while $3.8 million was received from payments and
calls.  Loans receivable,  net increased to $69.7 million at March 31, 2005 from
$64.4  million at  September  30,  2004.  The  majority of the increase in loans
receivable,  net  was  attributable  to an  increase  of  $3.1  million  in  the
commercial  real  estate  portfolio,   with  increases  also  occurring  in  the
one-to-four  family,  construction  and land,  and home equity loan  portfolios.
Deposits  increased  by $990,000  to $80.8  million at March 31, 2005 from $79.8
million at September 30, 2004.  Borrowed funds  increased by $7.1 million during
the same  period,  to $8.1  million  at March  31,  2005 from  $1.0  million  at
September 30, 2004.  $2.1 million of the increase was in the  overnight  line of
credit, while $5.0 million was in long-term borrowings. Stockholder's equity was
$15.7  million at March 31,  2005,  increasing  slightly  from $15.6  million at
September 30, 2004. The largest components of the change in stockholders' equity
for the six months ended March 31, 2005  include net income of $322,000,  offset
by a $345,000 increase in unrealized losses, adjusted for deferred income taxes,
on the  portfolio  of  available-for-sale  securities.  During the same  period,
22,642  shares  were issued  upon the  exercise of stock  options at an exercise
price of $3.595 per share and 2,101  shares were  purchased  for the  restricted
stock plan at a total cost of $21,000.  In addition,  the  amortization  of ESOP
shares,  the  allocation  of  restricted  stock plan  shares and the tax benefit
associated  with  stock  benefit  plans  added  $45,000,   $3,000  and  $86,000,
respectively, to stockholders' equity in the same time period.

                                       7

<PAGE>

Results of Operations

         Net Interest  Income.  For the  three-months  ended March 31, 2005, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$969,000, which represents an increase of $133,000 or 15.9% over the same period
in 2004.  The increase in net  interest  income was the result of an increase in
interest income of $201,000, partially offset by an increase in interest expense
of $68,000.  The interest rate spread was 3.55% for the three months ended March
31, 2005 compared to 3.76% for the three months ended March 31, 2004,  while the
net interest margin was 3.94% for the 2005 period compared to 4.01% for the 2004
period.  For the six-month period ended March 31, 2005, the Company reported net
interest  income  before  provision for loan losses of  $1,909,000,  compared to
$1,664,000 for the six months ended March 31, 2004. The interest rate spread was
3.54% for the six months  ended  March 31,  2005  compared  to 3.74% for the six
months ended March 31, 2004,  while the net interest margin was 3.91% and 3.98%,
respectively,  for the same periods. 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 seven times,  by 25 basis points each time,
since then.  The yield curve has  flattened in that time period,  as  short-term
rates have risen,  but long-term  rates have actually  declined.  Reflecting the
current  rate  environment,  the  Company's  spread and margin  have  compressed
slightly,  as the  average  yield on total  interest-earning  assets for the six
months ended March 31, 2005 declined  while the overall cost of funds  increased
for the same period.

         The  average  balance  of total  interest-earning  assets for the three
months  ended March 31, 2005  increased by $15.8  million  compared to the three
months ended March 31,  2004,  while the average  yield  increased to 5.11% from
5.05%.  The increase in total  interest  income of $201,000 for the three months
ended March 31, 2005 is comprised primarily of an increase in interest income of
$126,000 on loans receivable and $78,000 on investment securities. While average
loan receivable  balances  increased by $10.2 million for the three months ended
March 31, 2005 compared to the same 2004 period,  the average yield  declined to
5.81% from 5.90%. For the three months ended March 31, 2005, the average balance
of  investment  securities  increased by $7.5 million  compared to the same 2004
period, while the average yield increased to 3.47% from 3.25%.

         The average balance of total interest-earning assets for the six months
ended March 31, 2005 increased by $14.5 million compared to the six months ended
March 31,  2004,  while the average  yield  decreased  to 5.02% from 5.08%.  The
increase in total interest income of $332,000 for the six months ended March 31,
2005 is  comprised  primarily  of an increase in interest  income of $197,000 on
loans  receivable  and $137,000 on  investment  securities.  While  average loan
receivable balances increased by $9.3 million for the six months ended March 31,
2005 compared to the same 2004 period,  the average yield declined to 5.75% from
5.96%.  For the six  months  ended  March  31,  2005,  the  average  balance  of
investment  securities  increased  by $6.3  million  compared  to the same  2004
period, while the average yield increased to 3.45% from 3.22%.

         Average interest-bearing liabilities increased by $6.8 million and $5.2
million  for the three  and six  months  ended  March  31,  2005,  respectively,
compared  to  same  2004  periods.  The  cost  of  interest-bearing  liabilities
increased to 1.56% for the three-month period ended March 31, 2005,  compared to
1.29% for the same  period of 2004.  For the  six-month  period  ended March 31,
2005, the cost of interest-bearing liabilities increased to 1.48% from 1.34% for
the same period in 2004.

         Provision  for Loan Losses.  The  provision for loan losses was $24,000
and $41,000,  respectively,  for the three and six-month periods ended March 31,
2005,  compared to $4,000 and $16,000 for the same  periods in 2004.  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  slightly,   to
$113,000  and  $231,000  for the  three and six  months  ended  March 31,  2005,
compared  to  $110,000  and  $227,000  for the same  periods  in 2004,  with the
increase attributable to higher account servicing and other fees.

                                       8

<PAGE>

         Non-interest Expense.  Non-interest expense increased $51,000, or 7.0%,
to $781,000  for the  three-month  period  ended  March 31,  2005 and  increased
$69,000,  or 4.7%,  to  $1,526,000  for the six  months  ended  March 31,  2005,
compared to the same periods in 2004.  The most  significant  increases  were in
occupancy and equipment expense,  which increased by $34,000 and $33,000 for the
three and six-month periods ended March 31, 2005, respectively.  The majority of
the increase in occupancy and equipment  expense was attributable to the opening
of the Bank's new administrative  offices in Westampton.  The Bank relocated its
former Loan Center office, as well as  administrative  staff formerly located in
two other offices,  to its new facility.  A retail banking center is anticipated
to be opened in the same facility in the quarter ended June 30, 2005, which will
result in increased expenses in future periods.

                                       9

<PAGE>

Liquidity and Regulatory Capital Compliance

         On March 31, 2005, the Bank was in compliance with its three regulatory
capital requirements as follows:

                                                Amount         Percent
                                                ------         -------

Tangible capital                               $11,495          10.85%
Tangible capital requirement                     1,589           1.50%
                                               -------          -----
Excess over requirement                        $ 9,906           9.35%
                                               =======          =====

Core capital                                   $11,495          10.85%
Core capital requirement                         4,237           4.00%
                                               -------          -----
Excess over requirement                        $ 7,258           6.85%
                                               =======          =====

Risk-based capital                             $12,029          19.41%
Risk-based capital requirement                   4,957           8.00%
                                               -------          -----
Excess over requirement                        $ 7,072          11.41%
                                               =======          =====


         The Company anticipates that it will have sufficient funds available to
meet its current  commitments.  As of March 31, 2005,  the Bank had  outstanding
commitments to originate  loans of $3.5 million.  At March 31, 2005,  there were
commitments on unused lines of credit of $9.7 million,  undisbursed construction
loans  of  $2.3  million  and  $123,000  in   outstanding   letters  of  credit.
Certificates of deposit  scheduled to mature in one year or less as of March 31,
2005,  totaled  $13.8  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 March 31,
                                                2005(1)        2004(1)
                                             ---------       ---------

Earnings per common share (2):
    Basic                                    $   0.10        $   0.07
    Diluted                                  $   0.09        $   0.07
Return on average assets (1)                      .59%            .55%
Return on average equity (1)                     3.90%           6.52%
Interest rate spread (1)                         3.55%           3.76%
Net interest margin (1)                          3.94%           4.01%
Non-interest expense to average assets (1)       3.00%           3.32%
Non-performing assets to total assets             .05%            .14%
Non-performing loans to total loans               .08%            .20%

                                                    At  March 31,
                                                2005            2004
                                             ---------       ---------

Book value per share (3)                     $   9.20        $    4.46

----------------
(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, 2005, was 1,604,991 basic and 1,616,481 diluted.  The average
         number of shares  outstanding  during the three  months ended March 31,
         2004, was 1,663,206 basic and 1,681,066 diluted, as adjusted to reflect
         the 3.9636 exchange ratio in the second-step conversion.
(3)      There  were  1,710,045  shares  outstanding  as of March  31,  2005 and
         1,686,512  shares  outstanding  as of March 31,  2004,  as  adjusted to
         reflect the 3.9636 exchange ratio in the second-step conversion.

                                       10

<PAGE>

                                            For the Six Months Ended
                                                     March 31,
                                               2005(1)      2004(1)
                                             ---------     ---------

Earnings per common share (2):
    Basic                                    $   0.20      $   0.14
    Diluted                                  $   0.20      $   0.14
Return on average assets (1)                      .63%          .54%
Return on average equity (1)                     4.11%         6.52%
Interest rate spread (1)                         3.54%         3.74%
Net interest margin (1)                          3.91%         3.98%
Non-interest expense to average assets (1)       2.98%         3.30%

--------------
(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, 2005, was 1,601,207 basic and 1,618,880 diluted.  The average
         number of shares  outstanding  during  the six months  ended  March 31,
         2004, was 1,662,429 basic and 1,678,244 diluted, as adjusted to reflect
         the 3.9636 exchange ratio in the second-step conversion.



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.

                                       11

<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
-----------------------------------------------------------------------------------------------------------------
February 1 through 28       2,101                 9.95                 2,101                   10,948
-----------------------------------------------------------------------------------------------------------------
March 1 through 31
-----------------------------------------------------------------------------------------------------------------
Total                       2,101                 9.95                 2,101                   10,948
-----------------------------------------------------------------------------------------------------------------
</TABLE>

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

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not applicable.

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

                  The Annual Meeting of  Stockholders of the Company was held on
                  January 31, 2005 and the following matters were voted upon:

                  Proposal I - Election of Directors for terms to expire in 2008

                                       12

<PAGE>

                                                     For               Withheld
                                                     ---               --------
                  Joan K. Geary                      1,366,022          56,168
                  Robert R. Semptimphelter, Sr.      1,400,312          21,878

                  Proposal II - Ratification  of Appointment of Accountants  for
                  the fiscal year ended September 30, 2005

                           For              Against           Abstain
                           ---              -------           -------
                           1,415,330        250               6,610

                  There  were  no  broker  non-votes  on  either  of  the  above
                  proposals.

ITEM 5.           OTHER INFORMATION

                  (a)  Not applicable.

                  (b)  Not applicable

ITEM 6.  EXHIBITS

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


------------------
*     Incorporated  herein  by  reference  to the  Company's  Form 8-A (File No.
      0-59069) filed with the Commission on September 30, 2004.
**    Incorporated herein by reference to the Company's  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.

                                       13

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.

                                   SIGNATURES


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


                            ROEBLING FINANCIAL CORP, INC.


Date:  May 11, 2004         By:  /s/ Frank J. Travea, III
                                 ----------------------------------------------
                                 Frank J. Travea, III
                                 President and Chief Executive Officer
                                 (Principal Executive Officer)

Date:  May 11, 2004         By:  /s/ Janice A. Summers
                                 ----------------------------------------------
                                 Janice A. Summers
                                 Senior Vice President, Chief Operating Officer
                                 and Chief Financial Officer
                                 (Principal Financial and Accounting Officer)


                                       14