U.S. 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, 2003
                               -------------------------------------------------

                                       OR

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

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

                         Commission file number 0-29257
                                                -------

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

    New Jersey                                         22-3709698
--------------------------------------------------------------------------------
(State or other jurisdiction                (I.R.S. employer identification no.)
of incorporation or organization)

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

Issuer's telephone number, including area code  (609) 499-0355
                                                --------------

                                       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 past 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: April 25, 2003

          Class                                           Outstanding
---------------------------                              --------------
$.10 par value common stock                              425,500 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, 2003

                                      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 - 10
Item 3.  Controls and Procedures                                             10

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings                                                   11
Item 2.  Changes in Securities and Use of Proceeds                           11
Item 3.  Defaults upon Senior Securities                                     11
Item 4.  Submission of Matters to a Vote of Security Holders                 11
Item 5.  Other Information                                                   11
Item 6.  Exhibits and Reports on Form 8-K                               11 - 12

SIGNATURES                                                                   13

<PAGE>

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

(Unaudited)

(In Thousands)
<TABLE>
<CAPTION>

                                                                     March 31,     September 30,
                                                                       2003             2002
                                                                     --------         --------
<S>                                                               <C>              <C>

Assets

Cash and due from banks                                              $  2,023         $  2,061
Interest-bearing deposits                                               1,822            5,162
                                                                     --------         --------
     Total cash and cash equivalents                                    3,845            7,223

Certificates of deposit                                                 1,900              900
Investment securities available for sale                               22,142           23,143
Invesment securities held to maturity                                   2,170            3,080
Loans receivable, net                                                  51,628           45,731
Accrued interest receivable                                               446              448
Federal Home Loan Bank of New York stock, at cost                         472              472
Premises and equipment                                                  1,301            1,135
Other assets                                                               76               85
                                                                     --------         --------
     Total assets                                                    $ 83,980         $ 82,217
                                                                     ========         ========

Liabilities and Stockholders' Equity

Liabilities

Deposits                                                             $ 76,008         $ 74,361
Borrowed funds                                                             24                -
Advances from borrowers for taxes and insurance                           434              409
Accrued interest payable                                                   21               30
Other liabilities                                                         513              685
                                                                     --------         --------
     Total liabilities                                                 77,000           75,485
                                                                     --------         --------

Stockholders' equity

Serial preferred stock, no par value; 1,000,000 shares authorized;
  none issued                                                               -                -
Common stock; $0.10 par value; 4,000,000 shares authorized;
  425,500 issued                                                           43               43
Additional paid-in-capital                                              1,682            1,674
Unallocated employee stock ownership plan shares                          (71)             (79)
Retained earnings - substantially restricted                            5,111            4,850
Accumulated other comprehensive income - unrealized gain
  on securities available for sale, net of tax                            215              244
                                                                     --------         --------
     Total stockholders' equity                                         6,980            6,732
                                                                     --------         --------

     Total liabilities and stockholders' equity                      $ 83,980         $ 82,217
                                                                     ========         ========
</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)
<TABLE>
<CAPTION>
                                                             For the Three Months Ended
                                                                      March 31,
                                                                  ------------------
                                                                     2003       2002
                                                                  -------    -------
<S>                                                             <C>        <C>
Interest income:
   Loans receivable                                               $   806    $   819
   Investment securities                                              247        292
   Other interest-earning assets                                       31         18
                                                                  -------    -------
        Total interest income                                       1,084      1,129
                                                                  -------    -------

Interest expense:
   Deposits                                                           297        342
   Borrowed funds                                                       -          5
                                                                  -------    -------
        Total interest expense                                        297        347
                                                                  -------    -------

Net interest income before provision for loan losses                  787        782
Provision for loan losses                                              12         24
                                                                  -------    -------
        Net interest income after provision for loan losses           775        758
                                                                  -------    -------

Non-interest income:
   Loan fees and late charges                                          20         13
   Account servicing and other                                         98         95
   Gain on sale of loans                                                4          -
   Gain on sale of real estate owned                                    -          2
                                                                  -------    -------
        Total non-interest income                                     122        110
                                                                  -------    -------

Non-interest expense:
   Compensation and benefits                                          363        313
   Occupany and equipment                                              72         50
   Service bureau and data processing                                  99         90
   Federal insurance premiums                                           3          3
   Other expense                                                      137        147
                                                                  -------    -------
        Total non-interest expense                                    674        603
                                                                  -------    -------

        Income before provision for income taxes                      223        265
Provision for income taxes                                             95        102
                                                                  -------    -------
        Net income                                                    128        163

Other comprehensive income, net of tax:
   Unrealized loss on securities available for sale, net of tax       (51)       (83)
                                                                  -------    -------
Comprehensive income                                              $    77    $    80
                                                                  =======    =======

Earnings per common share:
  Basic                                                           $  0.31    $  0.39
  Diluted                                                         $  0.30    $  0.39

Weighted average number of shares outstanding:
  Basic                                                               418        416
  Diluted                                                             422        419
</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)
<TABLE>
<CAPTION>
                                                                For the Six Months Ended
                                                                       March 31,
                                                                  ------------------
                                                                     2003       2002
                                                                  -------    -------
<S>                                                             <C>        <C>
Interest income:
   Loans receivable                                               $ 1,605    $ 1,629
   Investment securities                                              526        580
   Other interest-earning assets                                       64         45
                                                                  -------    -------
        Total interest income                                       2,195      2,254
                                                                  -------    -------

Interest expense:
   Deposits                                                           632        733
   Borrowed funds                                                       -          5
                                                                  -------    -------
        Total interest expense                                        632        738
                                                                  -------    -------

Net interest income before provision for loan losses                1,563      1,516
Provision for loan losses                                              36         48
                                                                  -------    -------
        Net interest income after provision for loan losses         1,527      1,468
                                                                  -------    -------

Non-interest income:
   Loan fees and late charges                                          33         27
   Account servicing and other                                        199        189
   Gain on sale of loans                                                6          -
   Gain on sale of real estate owned                                    -          2
                                                                  -------    -------
        Total non-interest income                                     238        218
                                                                  -------    -------

Non-interest expense:
   Compensation and benefits                                          698        626
   Occupany and equipment                                             135        106
   Service bureau and data processing                                 194        179
   Federal insurance premiums                                           6          6
   Other expense                                                      281        282
                                                                  -------    -------
        Total non-interest expense                                  1,314      1,199
                                                                  -------    -------

        Income before provision for income taxes                      451        487
Provision for income taxes                                            190        189
                                                                  -------    -------
        Net income                                                    261        298

Other comprehensive income, net of tax:
   Unrealized loss on securities available for sale, net of tax       (29)      (161)
                                                                  -------    -------
Comprehensive income                                              $   232    $   137
                                                                  =======    =======

Earnings per common share:
  Basic                                                           $  0.63    $  0.72
  Diluted                                                         $  0.62    $  0.71

Weighted average number of shares outstanding:
  Basic                                                               418        416
  Diluted                                                             422        418
</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    Retained    Comprehensive
                                  Stock       Capital      ESOP Shares    Earnings       Income          Total
                                  ------     ---------     -----------    --------    --------------    ---------

<S>                               <C>        <C>             <C>          <C>                <C>        <C>
Balance at September 30, 2002       $43        $1,674          ($79)        $4,850             $244       $6,732

Net income for the six months
  ended March 31, 2003                -             -             -            261                -          261

Change in unrealized gain on
  securities available for sale,
  net of income taxes                 -             -             -              -              (29)         (29)

Amortization of ESOP shares           -             8             8              -                -           16
                                  ------     ---------     ---------  ------------    --------------    ---------

Balance at March 31, 2003           $43        $1,682          ($71)        $5,111             $215       $6,980
                                  ======     =========     =========  ============    ==============    =========
</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,
                                                                             --------------------
                                                                               2003        2002
                                                                             --------    --------
<S>                                                                        <C>         <C>
Cash flows from operating activities:
   Net income                                                                $    261    $    298
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                              47          39
         Amortization of premiums and discounts, net                               62          30
         Amortization of deferred loan fees and costs, net                         11          16
         Provision for loan losses                                                 36          48
         Gain on sale of loans                                                     (6)          -
         Gain on sale of real estate owned                                          -          (2)
         Decrease in other assets                                                   9           6
         Decrease (increase)  in accrued interest receivable                        2        (118)
         Decrease in accrued interest payable                                      (9)        (29)
         (Decrease) increase  in other liabilities                               (153)        102
         Amortization of ESOP shares                                               16          12
                                                                             --------    --------
                   Net cash provided by operating activities                      276         402
                                                                             --------    --------

Cash flows from investing activities:
    Purchase of certificates of deposit                                        (1,000)       (600)
    Purchase of securities available for sale                                  (9,390)     (8,953)
    Proceeds from payments and maturities of securities available for sale     10,281       3,402
    Proceeds from payments and maturities of securities held to maturity          910       1,280
    Loan originations, net of principal repayments                             (8,218)     (3,364)
    Proceeds from sale of loans                                                 2,280         100
    Proceeds from sale of real estate owned                                         -          28
    Purchase of Federal Home Loan Bank stock                                        -         (86)
    Purchase of premises and equipment                                           (213)        (20)
                                                                             --------    --------
                   Net cash used in investing activities                       (5,350)     (8,213)
                                                                             --------    --------

Cash flows from financing activities:
    Net increase in deposits                                                    1,647       2,300
    Proceeds from other borrowed funds                                             24           -
    Increase in advance payments by borrowers for taxes
       and insurance                                                               25           2
                                                                             --------    --------
                   Net cash provided by financing activities                    1,696       2,302
                                                                             --------    --------

    Net decrease in cash and cash equivalents                                  (3,378)     (5,509)
    Cash and cash equivalents at beginning of period                            7,223       9,301
                                                                             --------    --------
    Cash and cash equivalents at end of period                               $  3,845    $  3,792
                                                                             ========    ========

Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                                   641         767
        Income taxes                                                              259         113

Supplemental Schedule of Noncash Investing Activities:
    Change in unrealized gain on securities available for sale, net of tax        (29)       (161)
</TABLE>

                                        5

See notes to unaudited consolidated financial statements.

<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
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, 2003, are
not  necessarily  indicative  of the results to be expected  for the year ending
September  30,  2003,  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, 2002 included in the Company's Annual Report on form 10-KSB.

                                       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.

         The Company is in the mutual holding ("MHC") form of organization.  The
Company has  outstanding  425,500  shares of common stock,  of which 195,960 are
owned by public  stockholders  and the remainder of which are held by the mutual
holding  company.  The  Company's  business is conducted  primarily  through its
wholly-owned  subsidiary,  Roebling  Bank ("the  Bank").  All  references to the
Company refer collectively to the Company and the Bank.

Overview

         At  March  31,  2003,  the  Company  had  total  assets,  deposits  and
stockholders'  equity  of  $84.0  million,   $76.0  million  and  $7.0  million,
respectively.  For the three months ended March 31, 2003,  the Company  reported
net income of $128,000, or $.30 per diluted share, compared to $163,000, or $.39
per diluted  share,  for the same period in 2002. For the six months ended March
31,  2003,  the Company  reported  net income of  $261,000,  or $.62 per diluted
share,  compared to $298,000,  or $.71 per diluted share, for the same period in
2002.

Changes in Financial Condition

         Total assets  increased  by $1.8 million to $84.0  million at March 31,
2003,  from $82.2  million at  September  30,  2002.  Cash and cash  equivalents
decreased  by $3.4  million,  from $7.2  million at  September  30, 2002 to $3.8
million at March 31, 2003. Investment securities decreased by $1.9 million, from
$26.2 million at September 30, 2002 to $24.3 million at March 31, 2003. The cash
funds were reinvested in certificates of deposit and loans receivable.  At March
31, 2003,  certificates of deposit  increased $1.0 million and loans receivable,
net, increased $5.9 million. The increase in loans receivable, net was primarily
attributable to the one-to-four family residential loan portfolio.  This was the
result of a continued  strong  refinance  market in a historically  low interest
rate  environment.  Additional  funding for the increases in the certificates of
deposit and loan  receivable,  net,  portfolios was provided by deposits,  which
increased $1.6 million to $76.0 million at March 31, 2003, from $74.4 million at
September 30, 2002.

Results of Operations

         Net Interest  Income.  For the  three-months  ended March 31, 2003, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$787,000, a slight increase of $5,000 over the same period in 2002. The increase
in net interest  income was  attributable  to a decrease in interest  expense of
$50,000, mostly offset by a decrease in interest income of $45,000. The interest
rate spread  decreased  to 3.64% for the three  months ended March 31, 2003 from
4.03%  for  the  three   months   ended  March  31,   2002,   as  the  yield  on
interest-earning  assets  decreased  more  than  the  cost  of  interest-bearing
liabilities. For the six-month period ended March 31, 2003, the Company reported
net interest income before provision for loan losses of $1,563,000,  compared to
$1,516,000 for the six months ended March 31, 2002. The interest rate spread was
3.60% for the six months  ended  March 31,  2003  compared  to 3.93% for the six
months ended March 31, 2002,  while the net interest margin was 3.96% and 4.37%,
respectively, for the same periods.

         The  average  balance  of total  interest-earning  assets for the three
months  ended March 31, 2003  increased  by $9.0  million  compared to the three
months ended March 31,  2002,  while the average  yield  decreased to 5.48%

                                       7
<PAGE>

from  6.42%.  The  decrease  in total  interest  income of $45,000 for the three
months  ended March 31, 2003 is  comprised  of a decrease in interest  income of
$13,000 on loans receivable and a decrease of $45,000 on investment  securities,
partially  offset  by an  increase  in  interest  income  of  $13,000  on  other
interest-earning  assets.  While average loan receivable  balances  increased by
$3.9 million for the three months ended March 31, 2003 compared to the same 2002
period,  the average  yield  declined to 6.53% from 7.20%.  For the three months
ended March 31, 2003, the average balance of investment  securities increased by
$1.7 million  compared to the same 2002 period,  while the average yield fell to
3.88% from 4.93%. The average balance of other interest-earning assets increased
by $3.3 million for the three months ended March 31, 2003  compared to the three
months ended March 31, 2002, while the yield fell to 2.79% from 5.93%.

         Average interest-bearing  liabilities increased by $6.5 million for the
three months  ended March 31, 2003  compared to the three months ended March 31,
2002.  The cost of  interest-bearing  liabilities  decreased  to  1.84%  for the
three-month  period ended March 31, 2003,  compared to 2.39% for the same period
of 2002.

         Provision  for Loan Losses.  The  provision for loan losses was $12,000
and $36,000,  respectively,  for the three and six-month periods ended March 31,
2003,  compared to $24,000 and $48,000 for the same periods in 2002.  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 $12,000, or 11%, to
$122,000 for the three  months  ended March 31,  2003,  compared to $110,000 for
same period in 2002.  Non-interest  income increased $20,000, or 9%, to $238,000
for the six months ended March 31, 2003, compared to $218,000 for same period in
2002.  Increases in non-interest  income were primarily due to increases in fees
related to ATM and debit  card  transactions  and an  increase  in late  charges
collected on loans.

         Non-interest  Expense.  Total  non-interest  expense  for the three and
six-month   periods  ended  March  31,  2003,   was  $674,000  and   $1,314,000,
respectively,  compared to $603,000 and $1,199,000 for the same periods in 2002.
The most  significant  increases were in compensation and benefits and occupancy
and equipment.  Compensation  and benefits  increased by $50,000 and $72,000 for
the three and six-month  periods  ended March 31, 2003,  primarily the result of
merit raises to our  employees,  staff  additions to  accommodate  the continued
growth of the Bank and increased benefit costs. Occupancy and equipment expenses
increased by $22,000 and $29,000 for the three and six-month periods ended March
31, 2003. The increase in occupancy and equipment  expense for the three and six
month  periods  ended March 31, 2003 was  attributable  to the Bank's  expansion
activities  in  the  fall  of  2002  to  the  main  office  which  included  the
installation of a new ATM and night  depository,  increased retail banking floor
space,  and an  additional  drive-up  lane and  parking  spaces.  The  expansion
activities  will increase the Bank's  capacity to open and service  accounts for
the benefit of its  customers.  Increased  occupancy and equipment  expenses are
also attributable to the replacement of an ATM at the Bank's New Egypt location.

         Provision for Income Taxes. In July,  2002, the New Jersey  legislature
passed  changes to the  Corporation  Business Tax ("CBT").  One of these changes
repealed  the  3%  Savings   Institution   Tax,  thus   subjecting  all  savings
institutions to the 9% CBT. This is applicable to the state taxes calculated for
the Bank, as the state tax return is filed on an unconsolidated  basis. As state
taxes are deductible in the calculation of federal income taxes,  the net effect
of this tax change is an increase in tax expense of  approximately 4% of taxable
income.  This tax rate change is  effective  for the year  beginning  October 1,
2002.

                                       8
<PAGE>

Liquidity and Regulatory Capital Compliance

         On March 31, 2003, the Bank was in compliance with its three regulatory
capital requirements as follows:

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

Tangible capital                                  $6,615           7.91%
Tangible capital requirement                       1,255           1.50%
                                                  ------           ----
Excess over requirement                           $5,360           6.41%
                                                  ======           ====

Core capital                                      $6,615           7.91%
Core capital requirement                           3,345           4.00%
                                                  ------           ----
Excess over requirement                           $3,270           3.91%
                                                  ======           ====

Risk-based capital                                $7,072          15.70%
Risk-based capital requirement                     3,604           8.00%
                                                  ------           ----
Excess over requirement                           $3,468           7.70%
                                                  ======           ====


         The Company anticipates that it will have sufficient funds available to
meet its current  commitments.  As of March 31, 2003,  the Bank had  outstanding
commitments   to  originate  and  sell  loans  of  $4.4  million  and  $474,000,
respectively.  At March 31,  2003,  there were  commitments  on unused  lines of
credit of $6.7 million and $110,000 in outstanding letters of credit. There were
also  commitments  of $2.5  million  outstanding  at March 31,  2003 to purchase
investment  securities.  Certificates of deposit scheduled to mature in one year
or less as of March 31, 2003, totaled $18.5 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.

                                       9

<PAGE>

Additional Key Operating Ratios

                                                  At or for the Three Months
                                                         Ended March 31,
                                                      2003(1)      2002(1)
                                                      -------      -------

Earnings per common share (2):
    Basic                                             $0.31         $0.39
    Diluted                                           $0.30         $0.39
Return on average assets (1)                            .61%         0.86%
Return on average equity (1)                           7.36%        10.72%
Interest rate spread (1)                               3.64%         4.03%
Net interest margin (1)                                3.98%         4.45%
Non-interest expense to average assets (1)             3.20%         3.19%
Non-performing assets to total assets                   .54%          .19%
Non-performing loans to total loans                     .88%          .32%

                                                            At March 31,
                                                       2003         2002
                                                       ----         ----

Tangible book value per share (3)                    $16.40       $14.39

------------------
(1)      The ratios for the three-month period presented are annualized.
(2)      The average number of shares  outstanding during the three months ended
         March 31,  2003,  was 418,052  basic and 422,032  diluted.  The average
         number of shares  outstanding  during the three  months ended March 31,
         2002, was 416,484 basic and 418,906 diluted.
(3)      There were 425,500 shares outstanding as of March 31, 2003.


                                                    For the Six Months Ended
                                                           March 31,
                                                      2003(1)      2002(1)
                                                      -------      -------

Earnings per common share (2):
    Basic                                             $0.63         $0.72
    Diluted                                           $0.62         $0.71
Return on average assets (1)                            .62%         0.80%
Return on average equity (1)                           7.60%         9.82%
Interest rate spread (1)                               3.60%         3.93%
Net interest margin (1)                                3.96%         4.37%
Non-interest expense to average assets (1)             3.14%         3.20%

------------------
(1)      The ratios for the six-month period presented are annualized.
(2)      The average  number of shares  outstanding  during the six months ended
         March 31,  2003,  was 417,856  basic and 421,819  diluted.  The average
         number of shares  outstanding  during  the six months  ended  March 31,
         2002, was 416,288 basic and 418,256 diluted.


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

         (a) Evaluation of disclosure  controls and  procedures.  Based on their
             --------------------------------------------------
evaluation  as of a date  within 90 days of the  filing  date of this  Quarterly
Report  on  Form  10-QSB,  the  Registrant's  principal  executive  officer  and
principal  financial  officer have  concluded that the  Registrant's  disclosure
controls and procedures (as defined in Rules  13a-14(c) and 15d-14(c)  under the
Securities  Exchange Act of 1934 (the  "Exchange  Act")) are effective to ensure
that  information  required to be  disclosed  by the Company in reports  that it
files or submits under the Exchange Act is recorded,  processed,  summarized and
reported within the time periods specified in Securities and Exchange Commission
rules and forms.

                                       10

<PAGE>

         (b) Changes in internal controls.  There were no significant changes in
             ----------------------------
the Registrant's  internal controls or in other factors that could significantly
affect these controls subsequent to the date of their evaluation,  including any
corrective  actions  with  regard  to  significant   deficiencies  and  material
weaknesses.

                          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.           CHANGES IN SECURITIES AND USE OF PROCEEDS

                  Not applicable.

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not applicable.

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

                  The Annual Meeting of  Stockholders of the Company was held on
                  January 27, 2003 and the following matters were voted upon:

                  Proposal I - Election of Directors for terms to expire in 2006

                                                     For               Withheld
                                                     ---               --------
                  John A. La Vecchia                 345,750             7,700
                  George Nyikita                     345,750             7,700

                  Proposal II - Ratification  of Appointment of Accountants  for
                  the fiscal year ended September 30, 2003
                           For              Against           Abstain
                           ---              -------           -------
                           345,700          0                 7,750

ITEM 5.           OTHER INFORMATION

                  Not applicable.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                  3(a) List of Exhibits:

                  3.1      Federal Stock Charter*
                  3.2      Bylaws*
                  4.0      Form of Stock Certificate*
                 10.2      Directors' Retirement Plan**
                 10.3      Stock Option Plan*
                 10.4      Restricted Stock Plan*

<PAGE>

                 99.0      Certification pursuant to 18 U.S.C.ss.1350

          3(b)   Reports on Form 8-K

                 None

---------------------
*    Incorporated  herein  by  reference  to the  Form  8-K12G3  filed  with the
     Commission on February 1, 2000.
**   Incorporated  herein  by  reference  to  the  Form  8-K/A  filed  with  the
     Commission on February 24, 2000.

                                       12

<PAGE>

                          ROEBLING FINANCIAL CORP, INC.

                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange act of l934,
         the  registrant  has duly caused this report to be signed on its behalf
         by the undersigned thereunto duly authorized.


                              ROEBLING FINANCIAL CORP, INC.


Date:  April 25, 2003         By: /s/Frank J. Travea, III
                                  --------------------------------------------
                                  Frank J. Travea, III
                                  President and Chief Executive Officer
                                  (Principal Executive Officer)

Date:  April 25, 2003         By: /s/Janice A. Summers
                                  --------------------------------------------
                                  Janice A. Summers
                                  Senior Vice President, Chief Operating Officer
                                  and Chief Financial Officer
                                  (Principal Accounting Officer)

                                       13
<PAGE>
                            SECTION 302 CERTIFICATION

         I, Frank J. Travea, III, certify that:

1.       I have  reviewed  the  quarterly  report  on Form  10-QSB  of  Roebling
         Financial Corp, Inc. (the "Company");

2.       Based on my  knowledge,  this  quarterly  report  does not  contain any
         untrue  statement of a material  fact or omit to state a material  fact
         necessary to make the  statements  made, in light of the  circumstances
         under which such  statements  were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge,  the financial  statements,  and other financial
         information  included in this quarterly  report,  fairly present in all
         material  respects the financial  condition,  results of operations and
         cash flows of the Company as of, and for, the periods presented in this
         quarterly report;

4.       The  Company's  other  certifying  officer  and I are  responsible  for
         establishing  and  maintaining  disclosure  controls and procedures (as
         defined in  Exchange  Act Rule  13a-14 and  15d-14) for the Company and
         have:

         (a)      designed  such  disclosure  controls and  procedures to ensure
                  that material information  relating to the Company,  including
                  its consolidated  subsidiaries,  is made known to me by others
                  within the  Company,  particularly  during the period in which
                  this quarterly report is being prepared;

         (b)      evaluated  the  effectiveness  of  the  Company's   disclosure
                  controls and  procedures  as of a date within 90 days prior to
                  the filing  date of this  quarterly  report  (the  "Evaluation
                  Date"); and

         (c)      presented in this quarterly  report our conclusions  about the
                  effectiveness of the disclosure  controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The Company's other certifying  officer and I have disclosed,  based on
         our most recent  evaluation,  to the  Company's  auditors and the audit
         committee  of  Company's  board of  directors  (or  persons  performing
         equivalent functions):

         (a)      all  significant  deficiencies  in the design or  operation of
                  internal  controls which could adversely  affect the Company's
                  ability to record,  process,  summarize  and report  financial
                  data  and  have  identified  for the  Company's  auditors  any
                  material weaknesses in internal controls; and

         (b)      any fraud,  whether or not material,  that involves management
                  or  other  employees  who  have  a  significant  role  in  the
                  Company's internal controls; and


<PAGE>

6.       The Company's  other  certifying  officer and I have  indicated in this
         quarterly  report  whether there were  significant  changes in internal
         controls or in other factors that could  significantly  affect internal
         controls  subsequent  to  the  date  of  our  most  recent  evaluation,
         including   any   corrective   actions   with  regard  to   significant
         deficiencies and material weaknesses.




Date:   April 25, 2003                 /s/Frank J. Travea, III
                                       -----------------------------------------
                                       Frank J. Travea, III, President and
                                       Chief Executive Officer


<PAGE>

                            SECTION 302 CERTIFICATION

         I, Janice A. Summers, certify that:

1.       I have  reviewed  the  quarterly  report  on Form  10-QSB  of  Roebling
         Financial Corp, Inc. (the "Company");

2.       Based on my  knowledge,  this  quarterly  report  does not  contain any
         untrue  statement of a material  fact or omit to state a material  fact
         necessary to make the  statements  made, in light of the  circumstances
         under which such  statements  were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge,  the financial  statements,  and other financial
         information  included in this quarterly  report,  fairly present in all
         material  respects the financial  condition,  results of operations and
         cash flows of the Company as of, and for, the periods presented in this
         quarterly report;

4.       The  Company's  other  certifying  officer  and I are  responsible  for
         establishing  and  maintaining  disclosure  controls and procedures (as
         defined in  Exchange  Act Rule  13a-14 and  15d-14) for the Company and
         have:

         (a)      designed  such  disclosure  controls and  procedures to ensure
                  that material information  relating to the Company,  including
                  its consolidated  subsidiaries,  is made known to me by others
                  within the  Company,  particularly  during the period in which
                  this quarterly report is being prepared;

         (b)      evaluated  the  effectiveness  of  the  Company's   disclosure
                  controls and  procedures  as of a date within 90 days prior to
                  the filing  date of this  quarterly  report  (the  "Evaluation
                  Date"); and

         (c)      presented in this quarterly  report our conclusions  about the
                  effectiveness of the disclosure  controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The Company's other certifying  officer and I have disclosed,  based on
         our most recent  evaluation,  to the  Company's  auditors and the audit
         committee  of  Company's  board of  directors  (or  persons  performing
         equivalent functions):

         (a)      all  significant  deficiencies  in the design or  operation of
                  internal  controls which could adversely  affect the Company's
                  ability to record,  process,  summarize  and report  financial
                  data  and  have  identified  for the  Company's  auditors  any
                  material weaknesses in internal controls; and

         (b)      any fraud,  whether or not material,  that involves management
                  or  other  employees  who  have  a  significant  role  in  the
                  Company's internal controls; and


<PAGE>

6.       The Company's  other  certifying  officer and I have  indicated in this
         quarterly  report  whether there were  significant  changes in internal
         controls or in other factors that could  significantly  affect internal
         controls  subsequent  to  the  date  of  our  most  recent  evaluation,
         including   any   corrective   actions   with  regard  to   significant
         deficiencies and material weaknesses.





Date:   April 25, 2003            /s/Janice A. Summers
                                  -----------------------------------------
                                  Janice A. Summers
                                  Senior Vice President, Chief Operating Officer
                                  and Chief Financial Officer