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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 for the quarterly period ended March 31, 2007
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 for transition period from  to
 Commission File Number: 333-141124
 Bancorp of New Jersey, Inc.
  New Jersey
    
    20-8444387(State or other jurisdiction of incorporation or organization)
    
    (IRS Employer Identification No.)
 (Address of principal executive offices) (Zip Code)
 (Registrants telephone number, including area code)
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  o o þ
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INDEX
 PART IFINANCIAL INFORMATIONItem 1.
    
    Financial Statements
    
    
    1Item 2.
    
    Managements Discussion & Analysis of Financial Condition and Results of
Operations
    
    
    5Item 3.
    
    Quantitative and Qualitative Disclosure about Market Risk
    
    
    8Item 4.
    
    Controls and Procedures
    
    
    9PART IIOTHER INFORMATION
    
    
    9Item 1.
    
    Legal Proceedings
    
    
    9Item 1A.
    
    Risk Factors
    
    
    9Item 2.
    
    Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    15Item 3.
    
    Defaults Upon Senior Securities
    
    
    15Item 4.
    
    Submission of Matters to a Vote of Securities Holders
    
    
    15Item 5.
    
    Other Information
    
    
    15Item 6.
    
    Exhibits
    
    
    15SIGNATURES
    
    
    15EXHIBIT INDEX
    
    E-1Certification of the Principal Executive OfficerCertification of the Principal Financial OfficerSection 1350 Certifications
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PART IFINANCIAL INFORMATION
 
 Item 1.
    
    Financial Statements
 BANCORP OF NEW JERSEY, INC.
 2007AssetsAssets
    
    $
    Total assets
    
    $
    Liabilities and Stockholders EquityDue to affiliates
    
    
    59,000Other liabilities
    
    
    520Commitments and contingenciesStockholders equity :Common stockAccumulated deficit
    
    
    (59,520
    )Total stockholders equity
    
    
    (59,520
    )Total liabilities and stockholders equity
    
    $
    




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BANCORP OF NEW JERSEY, INC.
 2007Net interest income
    
    $
    Other expenses:Legal fees
    
    
    59,000Total other expenses
    
    
    59,000Loss before income tax expense
    
    
    (59,000
    )Income tax expense
    
    $
    520Net Loss
    
    $
    (59,520
    )
  2




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BANCORP OF NEW JERSEY, INC.
 2007Cash flows from operating activities:Net loss
    
    $
    (59,520
    )Adjustments to reconcile net income to net cash provided byOperating activities:Changes in operating assets and liabilities:Increase in other liabilities
    
    
    520Increase in due to affiliates
    
    
    59,000Net cash provided by(used in) operating activities
    
    
    Cash flows from investing activities:Net cash used in investing activities
    
    
    Cash flows from financing activities:Capital contribution
    
    
    Net cash provided by financing activities
    
    $
    Increase in cash and cash equivalents
    
    
    Cash and cash equivalents at beginning of year
    
    
    Cash and cash equivalents at end of year
    
    
    Supplemental information:Cash paid during the year for:Interest
    
    $
    Taxes
    
    $
    
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BANCORP OF NEW JERSEY, INC.
     Organization
    4




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Basis of Financial Statement Presentation
   Income Taxes
  
 Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of
Operations
  Forward-Looking Statements
  5




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Holding Company Reorganization
   Results of Operations and Financial Condition
    Critical Accounting Policies and Judgments
  6




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Deferred Tax Assets and Valuation Allowance
  Regulatory and Shareholder Approvals
     7




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Plan of Operation
     
 Item 3.
    
    Quantitative and Qualitative Disclosure about Market Risk
  8




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Item 4.
    
    Controls and Procedures
 Evaluation of Disclosure Controls and Procedures
   Changes in Internal Control Over Financial Reporting
  
 PART IIOTHER INFORMATION
 
 Item 1.
    
    Legal Proceedings
  
 Item 1A.
    
    Risk Factors
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We have a limited operating history.
  Our success will depend in significant part on managements business plan and ability to
execute.
  The holding company reorganization would allow our board and management greater flexibility.
  There is a limited public trading market for our securities.
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Shareholders interests are subject to dilution and approval of the Plan of Acquisition will
subject shareholders interests to additional dilution.
   Warrants could dilute the book value of our common stock.
  We may require additional capital in the future.
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We face strong competition.
  Economic conditions and related uncertainties may adversely affect our financial condition and
results of operations.
  Monetary policy and other economic factors may adversely affect our financial condition and
results of operations.
  12




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Our operations are susceptible to adverse effects of changes in interest rates.
   Government regulation significantly impacts our business.
   Our ability to pay dividends is restricted and we have no plans to pay dividends.
  13




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We are dependent upon certain key personnel and need to hire additional qualified personnel.
  Our directors and executive officers will have significant control of any vote of
shareholders, including any election of directors.
  14




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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  
 Item 3. Defaults Upon Senior Securities
  
 Item 4. Submission of Matters to a Vote of Securities Holders
  
 Item 5. Other Information
  
 Item 6. Exhibits.
  
 SIGNATURES
  Bancorp of New Jersey, Inc.Date: June 28, 2007
    By:
    Albert F. BuzzettiAlbert F. BuzzettiPresident and Chief Executive Officer 15




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EXHIBIT INDEX
 ExhibitNumber
    
    Description31.1
    
    Rule 15d-14(a) Certification of the Principal Executive Officer31.2
    
    Rule 15d-14(a) Certification of the Principal Financial Officer32
    
    Section 1350 Certifications
 E-1