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, 2004

                                       OR

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

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)

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

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

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 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 7, 2004

        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, 2004

                                      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 Small Business Issuer Purchases
           of Equity Securities                                            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,
                                                                       2004         2003
                                                                     --------   ------------
<S>                                                                  <C>         <C>
ASSETS

Cash and due from banks                                              $  1,818    $  1,886
Interest-bearing deposits                                                 582         145
                                                                     --------    --------
     Total cash and cash equivalents                                    2,400       2,031

Certificates of deposit                                                 1,500       1,700
Investment securities available for sale                               20,787      23,884
Invesment securities held to maturity                                   1,251       1,802
Loans receivable, net                                                  58,772      55,362
Accrued interest receivable                                               350         383
Federal Home Loan Bank of New York stock, at cost                         564         564
Premises and equipment                                                  1,690       1,750
Other assets                                                              171         268
                                                                     --------    --------
     Total assets                                                    $ 87,485    $ 87,744
                                                                     ========    ========
LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Deposits                                                             $ 78,976    $ 78,408
Borrowed funds                                                             --       1,200
Advances from borrowers for taxes and insurance                           437         413
Other liabilities                                                         559         543
                                                                     --------    --------
     Total liabilities                                                 79,972      80,564
                                                                     --------    --------
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                                              1,702       1,690
Unallocated employee stock ownership plan shares                          (55)        (63)
Retained earnings - substantially restricted                            5,648       5,409
Accumulated other comprehensive income - unrealized gain
  on securities available for sale, net of tax                            175         101
                                                                     --------    --------
     Total stockholders' equity                                         7,513       7,180
                                                                     --------    --------
     Total liabilities and stockholders' equity                      $ 87,485    $ 87,744
                                                                     ========    ========
</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,
                                                                2004          2003
                                                              -------        -------
Interest income:
<S>                                                           <C>            <C>
   Loans receivable                                           $   852        $   806
   Investment securities                                          187            247
   Other interest-earning assets                                   17             31
                                                              -------        -------
        Total interest income                                   1,056          1,084
                                                              -------        -------
Interest expense:
   Deposits                                                       219            297
   Borrowed funds                                                   1           --
        Total interest expense                                    220            297

Net interest income before provision for loan losses              836            787
Provision for loan losses                                           4             12
                                                              -------        -------
        Net interest income after provision for loan losses       832            775
                                                              -------        -------

Non-interest income:
   Loan fees and late charges                                      14             20
   Account servicing and other                                     96             98
   Gain on sale of loans                                         --                4
                                                              -------        -------
        Total non-interest income                                 110            122
                                                              -------        -------

Non-interest expense:
   Compensation and benefits                                      406            363
   Occupany and equipment                                          83             72
   Service bureau and data processing                              99             99
   Federal insurance premiums                                       3              3
   Other expense                                                  139            137
                                                              -------        -------
        Total non-interest expense                                730            674
                                                              -------        -------

        Income before provision for income taxes                  212            223
Provision for income taxes                                         91             95
                                                              -------        -------
        Net income                                                121            128

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale,
      net of tax                                                   63            (51)
                                                              -------        -------
Comprehensive income                                          $   184        $    77
                                                              =======        =======

Earnings per common share:
  Basic                                                       $  0.29        $  0.31
  Diluted                                                     $  0.28        $  0.30

Weighted average number of shares outstanding:
  Basic                                                           420            418
  Diluted                                                         424            422
</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,
                                                                       ------------------------
                                                                           2004          2003
                                                                         -------        -------
<S>                                                                      <C>            <C>
Interest income:
   Loans receivable                                                      $ 1,712        $ 1,605
   Investment securities                                                     378            526
   Other interest-earning assets                                              33             64
                                                                         -------        -------
        Total interest income                                              2,123          2,195
                                                                         -------        -------
Interest expense:
   Deposits                                                                  458            632
   Borrowed funds                                                              1             --
        Total interest expense                                               459            632

Net interest income before provision for loan losses                       1,664          1,563
Provision for loan losses                                                     16             36
                                                                         -------        -------
        Net interest income after provision for loan losses                1,648          1,527
                                                                         -------        -------
Non-interest income:
   Loan fees and late charges                                                 27             33
   Account servicing and other                                               198            199
   Gain on sale of loans                                                       2              6
                                                                         -------        -------
        Total non-interest income                                            227            238
                                                                         -------        -------

Non-interest expense:
   Compensation and benefits                                                 807            698
   Occupany and equipment                                                    162            135
   Service bureau and data processing                                        201            194
   Federal insurance premiums                                                  6              6
   Other expense                                                             281            281
                                                                         -------        -------
        Total non-interest expense                                         1,457          1,314
                                                                         -------        -------

        Income before provision for income taxes                             418            451
Provision for income taxes                                                   179            190
                                                                         -------        -------
        Net income                                                           239            261

Other comprehensive income, net of tax:
   Unrealized gain (loss) on securities available for sale,
       net of tax                                                             74            (29)
                                                                         -------        -------
Comprehensive income                                                     $   313        $   232
                                                                         =======        =======
Earnings per common share:
  Basic                                                                  $  0.57        $  0.63
  Diluted                                                                $  0.56        $  0.62

Weighted average number of shares outstanding:
  Basic                                                                      419            418
  Diluted                                                                    423            422
</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, 2003               $43          $1,690           ($63)        $5,409           $101       $7,180

Net income for the six months
  ended March 31, 2004                        -               -              -            239              -          239

Change in unrealized gain on
  securities available for sale,
  net of income taxes                         -               -              -             -              74           74

Amortization of ESOP shares                   -              12              8             -               -           20
                                            ---          ------           ----         ------           ----       ------
Balance at March 31, 2004                   $43          $1,702           ($55)        $5,648           $175       $7,513
                                            ===          ======           ====         ======           ====       ======
</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,
                                                                           ------------------------
                                                                               2004        2003
                                                                             --------    --------
Cash flows from operating activities:
<S>                                                                          <C>         <C>
   Net income                                                                $    239    $    261
   Adjustments to reconcile net income to cash provided by
     operating activities:
         Depreciation                                                              78          47
         Amortization of premiums and discounts, net                               31          62
         Amortization of deferred loan fees and costs, net                          1          11
         Provision for loan losses                                                 16          36
         Gain on sale of loans                                                     (2)         (6)
         Decrease in other assets                                                  24           9
         Decrease in accrued interest receivable                                   33           2
         Decrease in accrued interest payable                                      --          (9)
         Increase (decrease) in other liabilities                                  39        (153)
         Amortization of ESOP shares                                               20          16
                                                                             --------    --------
                   Net cash provided by operating activities                      479         276
                                                                             --------    --------

Cash flows from investing activities:
    Purchase of certificates of deposit                                            --      (1,000)
    Proceeds from maturities of certificates of deposit                           200          --
    Purchase of securities available for sale                                  (3,500)     (9,390)
    Proceeds from payments and maturities of securities available for sale      6,690      10,281
    Purchase of securities held to maturity                                      (140)         --
    Proceeds from payments and maturities of securities held to maturity          691         910
    Loan originations, net of principal repayments                             (3,851)     (8,218)
    Proceeds from sale of loans                                                   426       2,280
    Purchase of premises and equipment                                            (18)       (213)
                                                                             --------    --------
                   Net cash provided by (used in) investing activities            498      (5,350)
                                                                             --------    --------

Cash flows from financing activities:
    Net increase in deposits                                                      568       1,647
    Net (decrease) increase in short-term borrowed funds                       (1,200)         24
    Increase in advance payments by borrowers for taxes
       and insurance                                                               24          25
                                                                             --------    --------
                   Net cash (used in) provided by financing activities           (608)      1,696
                                                                             --------    --------

    Net increase (decrease) in cash and cash equivalents                          369      (3,378)
    Cash and cash equivalents at beginning of period                            2,031       7,223
                                                                             --------    --------
    Cash and cash equivalents at end of period                               $  2,400    $  3,845
                                                                             ========    ========
Supplemental Disclosures of Cash Flow Information:
    Cash paid for:
        Interest on deposits and borrowed funds                                   459         641
        Income taxes                                                              254         259

Supplemental Schedule of Noncash Investing Activities:
    Change in unrealized gain on securities available for sale, net of tax         74         (29)
</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
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, 2004, are
not  necessarily  indicative  of the results to be expected  for the year ending
September  30,  2004,  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, 2003 included in the Company's Annual Report on form 10-KSB.

NOTE 2 - SUBSEQUENT EVENT

On April 8, 2004, The Boards of Directors of Roebling  Financial Corp., MHC (the
"MHC"),  the Company and Roebling Bank (the "Bank") adopted a Plan of Conversion
and  Reorganization  of the MHC and Plans of Merger between the MHC, the Company
and the Bank  (collectively,  the "Plan"),  whereby the MHC will cease to exist,
the shares of Company Stock held by the MHC will be canceled,  and a liquidation
account will be established for the benefit of eligible members of the MHC as of
specified dates.  Stock of the Company held by the stockholders  (other than the
MHC)  will be  automatically  converted  into the right to  receive  shares of a
to-be-formed stock holding company ("New Company") based on an exchange ratio to
be  determined.  Pursuant  to the Plan,  the New  Company  will offer  shares of
conversion stock in a subscription  offering to certain eligible account holders
and members and employee  stock benefit  plans.  Any shares of conversion  stock
remaining unsold after the subscription offering will be offered for sale to the
public through a community offering and/or syndicated  community  offering.  The
Plan is subject to approval by the Office of Thrift  Supervision.  The Plan must
also be approved by at least a majority of the votes  eligible to be cast by MHC
members at a meeting at which the Plan will be submitted for their approval.  In
addition,  the Plan is also  subject  to  approval  by the  stockholders  of the
Company. The additional capital raised will help support future growth.

                                       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,  2004,  the  Company  had  total  assets,  deposits  and
stockholders'  equity  of  $87.5  million,   $79.0  million  and  $7.5  million,
respectively.  For the three months ended March 31, 2004,  the Company  reported
net income of $121,000, or $.28 per diluted share, compared to $128,000, or $.30
per diluted  share,  for the same period in 2003. For the six months ended March
31,  2004,  the Company  reported  net income of  $239,000,  or $.56 per diluted
share,  compared to $261,000,  or $.62 per diluted share, for the same period in
2003.

CHANGES IN FINANCIAL CONDITION

         Total assets  decreased by $200,000 to $87.5 million at March 31, 2004,
from $87.7 million at September 30, 2003. While total assets decreased slightly,
loans  receivable,  net  increased  by $3.4  million and  investment  securities
decreased  by $3.7  million.  Proceeds  received  from the  calls of  investment
securities were reinvested in the loans receivable portfolio, which increased to
$58.8 million at March 31, 2004 from $55.4  million at September  30, 2003.  The
increase in loans receivable,  net was primarily  attributable to an increase of
$3.6 million in the  commercial  real estate and  multifamily  loan  portfolios.
Total deposits increased $600,000, to $79.0 million at March 31, 2004 from $78.4
million at September 30, 2003, while borrowed funds decreased by $1.2 million as
short-term borrowed funds were repaid in full.

RESULTS OF OPERATIONS

         Net Interest  Income.  For the  three-months  ended March 31, 2004, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$836,000,  which represents an increase of $49,000 or 6% over the same period in
2003.  The  increase  in net  interest  income was the  result of a decrease  in
interest  expense of $77,000,  partially offset by a decrease in interest income
of $28,000.  The  interest  rate spread  increased to 3.76% for the three months
ended March 31, 2004 from 3.64% for the three months  ended March 31,  2003,  as
the  yield  on   interest-earning   assets  decreased  less  than  the  cost  of
interest-bearing liabilities. For the six-month period ended March 31, 2004, the
Company  reported  net  interest  income  before  provision  for loan  losses of
$1,664,000,  compared to $1,563,000 for the six months ended March 31, 2003. The
interest  rate spread was 3.74% for the six months ended March 31, 2004 compared
to 3.60% for the six months ended March 31, 2003,  while the net interest margin
was 3.98% and 3.96%, respectively, for the same periods.

         The  average  balance  of total  interest-earning  assets for the three
months  ended March 31, 2004  increased  by $3.4  million  compared to the three
months ended March 31,  2003,  while the average  yield  decreased to 5.05% from
5.48%.  The  decrease in total  interest  income of $28,000 for the three months
ended March 31, 2004 is comprised of a decrease in interest income of $60,000 on
investment securities and $14,000 on other interest-earning assets, offset by an
increase in interest income of $46,000 on loans  receivable.  While average loan
receivable  balances  increased

                                       7
<PAGE>

by $7.9 million for the three  months ended March 31, 2004  compared to the same
2003  period,  the average  yield  declined  to 5.90% from 6.53%.  For the three
months  ended March 31,  2004,  the  average  balance of  investment  securities
decreased  by $2.4 million  compared to the same 2003 period,  while the average
yield fell to 3.25% from 3.88%.  The average  balance of other  interest-earning
assets  decreased  by $2.1  million  for the three  months  ended March 31, 2004
compared to the three months ended March 31, 2003, while the yield fell to 2.72%
from 2.79%.

         The average balance of total interest-earning assets for the six months
ended March 31, 2004 increased by $4.0 million  compared to the six months ended
March 31,  2003,  while the average  yield  decreased  to 5.08% from 5.55%.  The
decrease in total interest  income of $72,000 for the six months ended March 31,
2004 is  comprised  of a decrease in interest  income of $148,000 on  investment
securities and $31,000 on other  interest-earning  assets, offset by an increase
in  interest  income  of  $107,000  on  loans  receivable.  While  average  loan
receivable balances increased by $8.6 million for the six months ended March 31,
2004 compared to the same 2003 period,  the average yield declined to 5.96% from
6.62%.  For the six  months  ended  March  31,  2004,  the  average  balance  of
investment  securities  decreased  by $2.7  million  compared  to the same  2003
period, while the average yield fell to 3.22% from 4.01%. The average balance of
other interest-earning assets decreased by $1.8 million for the six months ended
March 31, 2004 compared to the six months ended March 31, 2003,  while the yield
fell to 2.47% from 2.87%.

         Average interest-bearing liabilities increased by $3.1 million and $3.6
million  for the three  and six  months  ended  March  31,  2004,  respectively,
compared  to  same  2003  periods.  The  cost  of  interest-bearing  liabilities
decreased to 1.29% for the three-month period ended March 31, 2004,  compared to
1.84% for the same  period of 2003.  For the  six-month  period  ended March 31,
2004, the cost of interest-bearing liabilities decreased to 1.34% from 1.95% for
the same period in 2003.

         Provision for Loan Losses. The provision for loan losses was $4,000 and
$16,000, respectively, for the three and six-month periods ended March 31, 2004,
compared  to  $12,000  and  $36,000  for the same  periods  in 2003.  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 decreased $12,000, or 10%, to
$110,000 for the three  months  ended March 31,  2004,  compared to $122,000 for
same period in 2003.  Non-interest  income decreased $11,000, or 5%, to $227,000
for the six months ended March 31, 2004, compared to $238,000 for same period in
2003.  Decreases in non-interest  income were primarily due to decreases in fees
related to ATM and debit card transactions, a decrease in late charges collected
on loans and a decrease in gain on sale of loans.  While ATM and debit card fees
and gain on sale of loans are  volume-related,  the  decrease in late charges is
due to the collection in fiscal 2003 of a significant late charge balance on the
payoff of one mortgage loan.

         Non-interest  Expense.  Total  non-interest  expense  for the three and
six-month  periods  ended March 31, was $730,000 and  $1,457,000,  respectively,
compared  to  $674,000  and  $1,314,000  for the same  period in 2003.  The most
significant  increases  were in  compensation  and  benefits and  occupancy  and
equipment  expense.  Compensation and benefits increased by $43,000 and $109,000
for the three and six-month  periods ended March 31, 2004,  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 $11,000 and $27,000 for the three and six-month periods ended March
31, 2004,  respectively.  The increase in occupancy  and  equipment  expense was
attributable to an increase in depreciation expense related to the conversion of
our computer system.  The Bank converted from its primary  third-party core data
processing  service  provider to a new provider in fiscal 2003.  In  conjunction
with the  conversion,  the Bank also  installed a wide area network and replaced
much of its data processing equipment.


                                       8
<PAGE>

LIQUIDITY AND REGULATORY CAPITAL COMPLIANCE

         On March 31, 2004, the Bank was in compliance with its three regulatory
capital requirements as follows:
<TABLE>
<CAPTION>

                                                           Amount        Percent
                                                           ------        -------
<S>                                                        <C>            <C>
Tangible capital                                           $7,187         8.24%
Tangible capital requirement                                1,308         1.50%
                                                           ------        -----
Excess over requirement                                    $5,879         6.74%
                                                           ======        =====

Core capital                                               $7,187         8.24%
Core capital requirement                                    3,489         4.00%
                                                           ------        -----
Excess over requirement                                    $3,698         4.24%
                                                           ======        =====

Risk-based capital                                         $7,668        14.81%
Risk-based capital requirement                              4,142         8.00%
                                                           ------        -----
Excess over requirement                                    $3,526         6.81%
                                                           ======        =====
</TABLE>

         The Company anticipates that it will have sufficient funds available to
meet its current  commitments.  As of March 31, 2004,  the Bank had  outstanding
commitments to originate  loans of $3.1 million.  At March 31, 2004,  there were
commitments  on  unused  lines  of  credit  of  $7.9  million  and  $110,000  in
outstanding  letters of credit.  Certificates of deposit  scheduled to mature in
one  year or less  as of  March  31,  2004,  totaled  $16.4  million.  Based  on
historical  deposit  withdrawals and outflows,  and on internal  monthly deposit
reports  monitored by  management,  management  believes that a majority of such
deposits will remain with the Company.



ADDITIONAL KEY OPERATING RATIOS
<TABLE>
<CAPTION>
                                                     At or for the Three Months
                                                         Ended March 31,
                                                      2004(1)       2003(1)
                                                      -------       -------
<S>                                                    <C>          <C>

Earnings per common share (2):
    Basic                                              $ 0.29       $ 0.31
    Diluted                                            $ 0.28       $ 0.30
Return on average assets (1)                             0.55%        0.61%
Return on average equity (1)                             6.52%        7.36%
Interest rate spread (1)                                 3.76%        3.64%
Net interest margin (1)                                  4.01%        3.98%
Non-interest expense to average assets (1)               3.32%        3.20%
Non-performing assets to total assets                    0.14%        0.54%
Non-performing loans to total loans                      0.20%        0.88%

                                                           At  March 31,
                                                         2004         2003
                                                       ------       ------

Book value per share (3)                               $17.66       $16.40
<FN>

___________
(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, 2004, was 419,620 basic and 424,126  diluted.  The average number
     of shares  outstanding  during the three months  ended March 31, 2003,  was
     418,052 basic and 422,032 diluted.
(3)  There were 425,500  shares  outstanding  as of March 31, 2004 and March 31,
     2003.
</FN>
</TABLE>

                                       9
<PAGE>
<TABLE>
<CAPTION>

                                                    For the Six Months Ended
                                                           March 31,
                                                    2004(1)       2003(1)
                                                    -------       -------
<S>                                                 <C>          <C>
Earnings per common share (2):
    Basic                                           $   0.57     $   0.63
    Diluted                                         $   0.56     $   0.62
Return on average assets (1)                            0.54%        0.62%
Return on average equity (1)                            6.52%        7.60%
Interest rate spread (1)                                3.74%        3.60%
Net interest margin (1)                                 3.98%        3.96%
Non-interest expense to average assets (1)              3.30%        3.14%
<FN>
_________
(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,  2004,  was 419,424  basic and 423,414  diluted.  The average
         number of shares  outstanding  during  the six months  ended  March 31,
         2003, was 417,856 basic and 421,819 diluted.
</FN>
</TABLE>

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.


                                       10
<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.   CHANGES IN SECURITIES AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY
          SECURITIES

          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
          26, 2004 and the following matters were voted upon:

          Proposal I - Election of Directors for terms to expire in 2007

                                               For              Withheld
                                             -------            --------
          Mark V. Dimon                      364,752             7,650
          John J. Ferry                      364,752             7,650

          Proposal II -  Ratification  of  Appointment  of  Accountants  for the
          fiscal year ended September 30, 2004

                           For              Against           Abstain
                           -------          -------           -------
                           364,652             0               7,750

          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 AND REPORTS ON FORM 8-K

          (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*
              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

                                       11
<PAGE>


                  (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.
***  Incorporated  by  reference  to the  identically  numbered  exhibit  to the
     Registrant's Form 10-KSB filed with the Commission on December 24, 2003.

                                       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:  May 10, 2004                  By:/s/Frank J. Travea, III
                                        ----------------------------------------
                                        Frank J. Travea, III
                                        President and Chief Executive Officer
                                        (Principal Executive Officer)

Date:  May 10, 2004                  By:/s/Janice A. Summers
                                        ----------------------------------------
                                        Janice A. Summers
                                        Senior Vice President, Chief Operating
                                             Officer and Chief Financial Officer
                                        (Principal Financial and Accounting
                                            Officer)


                                       13