----

----

| [X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|-----------------------------------------------------------------------------------------|

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

| New Jersey                                                    |    | 20-8444387                                 |
|---------------------------------------------------------------|--------------|--------------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |    | (I.R.S. Employer Identification No.)  |
|                                                          |         |                                       |
| 1365 Palisade Ave, Fort Lee, New Jersey                       |    | 07024                                      |
| (Address of principal executive offices)                      |    | (Zip Code)                                 |
|                                                          |         |                                       |
| (201) 944-8600                                                |
| (Registrant’s telephone number, including area code)    |

| Large accelerated filer [   ]           |   | Accelerated filer                     [     ]       |
|--------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer   [   ] |   | Smaller reporting company   [ X ]                                                                                                                                                               |

----

----

----

|                                                                                               |                                 |                                                                                                                      |         |   |
|----------------------------------------------------------------------------------------------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------|--------------|--------|
|                                                                                               |                                 |                                                                                                                      |    | PAGE   |
| Part I           Financial Information |                            |                                                                                                                      |
|                                                                                               |                                 |                                                                                                                      |
| Item 1.                                                                                            |                                 | Financial Statements:                                                                                                     |    |   |
|                                                                                               |                                 |                                                                                                                      |
|                                                                                               |                                 | Unaudited Consolidated Statements of Financial Condition  -  September 30, 2010 and December 31, 2009 |    | 3      |
|                                                                                               |                                 |                                                                                                                      |
|                                                                                               |                                 | Unaudited Consolidated Statements of Operations – Three Months Ended September 30, 2010 and 2009                    |         | 4      |
|                                                                                               |                                 |                                                                                                                      |         |   |
|                                                                                               |                                 | Unaudited Consolidated Statements of Operations – Nine Months Ended September 30, 2010 and 2009                     |    | 5      |
|                                                                                               |                                 |                                                                                                                      |
|                                                                                               |                                 | Unaudited Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2010 and 2009                     |    | 6      |
|                                                                                               |                                 |                                                                                                                      |
|                                                                                               |                                 | Notes to Unaudited Consolidated Financial Statements                                                                      |    | 7      |
|                                                                                               |                                 |                                                                                                                      |
| Item 2.                                                                                            |                                 | Management’s Discussion and Analysis of Financial Condition and Results of Operations                               |    | 23     |
|                                                                                               |                                 |                                                                                                                      |
| Item 3.                                                                                            |                                 | Quantitative and Qualitative Disclosures about Market Risk                                                                |    | 33     |
|                                                                                               |                                 |                                                                                                                      |
| Item 4.                                                                                            |                                 | Controls and Procedures                                                                                                   |    | 33     |
|                                                                                               |                                 |
| Part II         Other Information                |                            |                                                                                                                      |
|                                                                                               |                                 |                                                                                                                      |
| Item 1.                                                                                            |                                 | Legal Proceedings                                                                                                         |    | 34     |
|                                                                                               |                                 |                                                                                                                      |
| Item 1A.                                                                                           |     Risk Factors | 34                                                                                                                        |
|                                                                                               |                                 |                                                                                                                      |
| Item 2.                                                                                            |                                 | Unregistered Sales of Equity Securities and Use of Proceeds                                                               |    | 34     |
|                                                                                               |                                 |                                                                                                                      |
| Item 3.                                                                                            |                                 | Defaults Upon Senior Securities                                                                                           |    | 34     |
|                                                                                               |                                 |                                                                                                                      |
| Item 4.                                                                                            |                                 | (Removed and Reserved)                                                                                                    |    | 34     |
|                                                                                               |                                 |                                                                                                                      |
| Item 5.                                                                                            |                                 | Other Information                                                                                                         |    | 34     |
|                                                                                               |                                 |                                                                                                                      |
| Item 6.                                                                                            |                                 | Exhibits                                                                                                                  |    | 34     |
|                                                                                               |                                 |
| Signatures                                                                                         |                            | 35                                                                                                                        |

----

| BANCORP OF NEW JERSEY, INC.                                                                 |   |
|---------------------------------------------------------------------------------------------|--------|
| UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION                                    |   |
| (Dollars in thousands, except share data)                                                   |   |
|                                                                                        |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |
|                                                                                        |   | September 30, 2010 |   |   | December 31, 2009 |   |
|                                                                                        |   |   |   |   |   |   |
| ASSETS                                                                                      |   |   |   |   |   |   |
|                                                                                        |   |   |   |   |   |   |
| Cash and due from banks                                                                     |   | $ | 1,137 |   |   | $ | 576 |   |
| Interest bearing deposits                                                                   |   |   | 20,466 |   |   |   | 17,055 |   |
| Federal funds sold                                                                          |   |   | 466 |   |   |   | 467 |   |
|           Total cash and cash equivalents |   |   | 22,069 |   |   |   | 18,098 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| Restricted investment in bank stock, at cost                                                |   |   | 491 |   |   |   | 419 |   |
| Securities available for sale, at fair value (amortized cost of                             |   |   |   |   |   |   |   |   |
|     $34,076 and $21,005, respectively)                                  |   |   | 34,678 |   |   |   | 21,111 |   |
| Securities held to maturity (fair value of $3,722 and $4,297,                               |   |   |   |   |   |   |   |   |
|     respectively)                                                       |   |   | 3,728 |   |   |   | 4,296 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| Loans receivable                                                                            |   |   | 285,806 |   |   |   | 263,931 |   |
|   Deferred loan fees and unamortized costs, net                                   |   |   | 14 |   |   |   | 13 |   |
|   Less: allowance for loan losses                                                 |   |   | (3,499 | ) |   |   | (2,792 | ) |
|     Net loans                                                           |   |   | 282,321 |   |   |   | 261,152 |   |
| Premises and equipment, net                                                                 |   |   | 10,014 |   |   |   | 10,214 |   |
| Accrued interest receivable                                                                 |   |   | 1,559 |   |   |   | 1,173 |   |
| Foreclosed real estate and other repossessed assets                                         |   |   | 1,938 |   |   |   | - |   |
| Other assets                                                                                |   |   | 3,079 |   |   |   | 3,145 |   |
| TOTAL ASSETS                                                                                |   | $ | 359,877 |   |   | $ | 319,608 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                        |   |   |   |   |   |   |   |   |
| LIABILITIES:                                                                                |   |   |   |   |   |   |   |   |
| Deposits                                                                                    |   |   |   |   |   |   |   |   |
|   Noninterest-bearing                                                             |   | $ | 32,338 |   |   | $ | 36,687 |   |
|   Savings and interest bearing transaction accounts                               |   |   | 50,514 |   |   |   | 50,372 |   |
|   Time deposits under $100                                                        |   |   | 66,203 |   |   |   | 34,789 |   |
|   Time deposits $100 and over                                                     |   |   | 157,796 |   |   |   | 145,295 |   |
|     Total deposits                                                      |   |   | 306,851 |   |   |   | 267,143 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| Accrued interest payable and other liabilities                                              |   |   | 1,388 |   |   |   | 2,930 |   |
|     TOTAL LIABILITIES                                                   |   |   | 308,239 |   |   |   | 270,073 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| Commitments and Contingencies                                                               |   |   |   |   |   |   |   |   |
| Stockholders' equity:                                                                       |   |   |   |   |   |   |   |   |
| Common stock, no par value, authorized 20,000,000 shares;                                   |   |   |   |   |   |   |   |   |
|     issued and outstanding 5,206,932 at September 30, 2010              |   |   |   |   |   |   |   |   |
|     and December 31, 2009                                               |   |   | 49,318 |   |   |   | 49,096 |   |
| Retained Earnings                                                                           |   |   | 1,955 |   |   |   | 373 |   |
| Accumulated other comprehensive income                                                      |   |   | 365 |   |   |   | 66 |   |
|     Total stockholders' equity                                          |   |   | 51,638 |   |   |   | 49,535 |   |
|   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                      |   | $ | 359,877 |   |   | $ | 319,608 |   |
|                                                                                        |   |   |   |   |   |   |   |   |
| See accompanying notes to unaudited consolidated financial statements                       |   |

----

| BANCORP OF NEW JERSEY, INC.                                                                                     |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS                                                             |   |
|                                                                                                            |   |
|                                                                                                            |   | For the Three Months Ended September 30, |   |
|                                                                                                            |   | 2010 |   |   | 2009 |   |
|                                                                                                            |   | (in thousands, except per share data) |   |
| INTEREST INCOME                                                                                                 |   |   |   |   |   |   |
|   Loans, including fees                                                                               |   | $ | 4,088 |   |   | $ | 3,848 |   |
|   Securities                                                                                          |   |   | 208 |   |   |   | 196 |   |
|   Federal funds sold                                                                                  |   |   | 13 |   |   |   | 10 |   |
|           TOTAL INTEREST INCOME                               |   |   | 4,309 |   |   |   | 4,054 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| INTEREST EXPENSE                                                                                                |   |   |   |   |   |   |   |   |
|   Savings and money markets                                                                           |   |   | 43 |   |   |   | 40 |   |
|   Time deposits                                                                                       |   |   | 1,062 |   |   |   | 1,355 |   |
|           TOTAL INTEREST EXPENSE                              |   |   | 1,105 |   |   |   | 1,395 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| NET INTEREST INCOME                                                                                             |   |   | 3,204 |   |   |   | 2,659 |   |
| Provision for loan losses                                                                                       |   |   | 430 |   |   |   | 74 |   |
|           NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |   |   | 2,774 |   |   |   | 2,585 |   |
| NON-INTEREST INCOME- principally fees and service charges                                                       |   |   | 54 |   |   |   | 55 |   |
| NON-INTEREST EXPENSE                                                                                            |   |   |   |   |   |   |   |   |
|   Salaries and employee benefits                                                                      |   |   | 988 |   |   |   | 910 |   |
|   Occupancy and equipment expense                                                                     |   |   | 369 |   |   |   | 415 |   |
|   FDIC related expenses                                                                               |   |   | 153 |   |   |   | 78 |   |
|   Data processing                                                                                     |   |   | 114 |   |   |   | 96 |   |
|   Professional fees                                                                                   |   |   | 111 |   |   |   | 88 |   |
|   Other expenses                                                                                      |   |   | 181 |   |   |   | 187 |   |
|           TOTAL NON-INTEREST EXPENSE                          |   |   | 1,916 |   |   |   | 1,774 |   |
|  Income before provision for income taxes                                                                  |   |   | 912 |   |   |   | 866 |   |
| Income tax expense                                                                                              |   |   | 368 |   |   |   | 351 |   |
|            Net income                                    |   | $ | 544 |   |   | $ | 515 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| PER SHARE OF COMMON STOCK                                                                                       |   |   |   |   |   |   |   |   |
|   Basic and diluted earnings                                                                          |   | $ | 0.10 |   |   | $ | 0.10 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| See accompanying notes to unaudited consolidated financial statements                                           |   |
|                                                                                                            |   |   |   |   |   |   |   |   |

----

| BANCORP OF NEW JERSEY, INC.                                                                                     |
|-----------------------------------------------------------------------------------------------------------------|
| UNAUDITED CONSOLIDATED STATEMENT OF  OPERATIONS                                                       |
|                                                                                                            |
|                                                                                                            | For the Nine Months Ended September 30, |
|                                                                                                            | 2010 | 2009 |
|                                                                                                            | (in thousands, except per share data) |
| INTEREST INCOME                                                                                                 |   |   |
|   Loans, including fees                                                                               |  $                        11,992 |  $                        10,811 |
|   Securities                                                                                          |                                 532 |                                 581 |
|   Federal funds sold                                                                                  |                                   38 |                                   68 |
|           TOTAL INTEREST INCOME                               |                            12,562 |                            11,460 |
|                                                                                                            |   |   |
| INTEREST EXPENSE                                                                                                |   |   |
|   Savings and money markets                                                                           |                                 126 |                                 207 |
|   Time deposits                                                                                       |                              3,111 |                              4,405 |
|           TOTAL INTEREST EXPENSE                              |                              3,237 |                              4,612 |
|                                                                                                            |   |   |
| NET INTEREST INCOME                                                                                             |                              9,325 |                              6,848 |
| Provision for loan losses                                                                                       |                              1,085 |                                 279 |
|           NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |                              8,240 |                              6,569 |
| NON-INTEREST INCOME- principally fees and service charges                                                       |                                 152 |                                 141 |
| NON-INTEREST EXPENSE                                                                                            |   |   |
|   Salaries and employee benefits                                                                      |                              2,938 |                              2,794 |
|   Occupancy and equipment expense                                                                     |                              1,119 |                              1,046 |
|   FDIC premiums and related expenses                                                                  |                                 384 |                                 381 |
|   Data processing                                                                                     |                                 310 |                                 264 |
|   Professional fees                                                                                   |                                 357 |                                 259 |
|   Other expenses                                                                                      |                                 612 |                                 563 |
|           TOTAL NON-INTEREST EXPENSE                          |                              5,720 |                              5,307 |
|  Income before provision for income taxes                                                                  |                              2,672 |                              1,403 |
| Income tax expense                                                                                              |                              1,090 |                                 581 |
|            Net income                                    |  $                          1,582 |  $                             822 |
|                                                                                                            |   |   |
| PER SHARE OF COMMON STOCK                                                                                       |   |   |
|   Basic and diluted earnings                                                                          |  $                            0.30 |  $                            0.16 |
|                                                                                                            |   |   |
|                                                                                                            |   |   |
| See accompanying notes to unaudited consolidated financial statements                                           |
|                                                                                                            |   |   |

----

| BANCORP OF NEW JERSEY                                                      |   |
|----------------------------------------------------------------------------|--------|
| UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS                            |   |
|                                                                       |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |
|                                                                       |   | For the Nine Months Ended September 30, |   |
|                                                                       |   | 2010 |   |   | 2009 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                       |   | (in thousands) |   |
| Net income                                                                 |   | $ | 1,582 |   |   | $ | 822 |   |
| Adjustments to reconcile net income to net cash                            |   |   |   |   |   |   |   |   |
|      provided by operating activities:                 |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                              |   |   | 320 |   |   |   | 321 |   |
| Provision for loan losses                                                  |   |   | 1,085 |   |   |   | 279 |   |
| Recognition of stock option expense                                        |   |   | 222 |   |   |   | 312 |   |
| Changes in operating assets and liabilities:                               |   |   |   |   |   |   |   |   |
|      Increase in accrued interest receivable      |   |   | (386 | ) |   |   | (658 | ) |
|      Decrease in other assets                     |   |   | (131 | ) |   |   | 84 |   |
|      Decrease in other liabilities                |   |   | (1,542 | ) |   |   | 137 |   |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                  |   |   | 1,150 |   |   |   | 1,297 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                       |   |   |   |   |   |   |   |   |
| Purchases of securities available for sale, net                            |   |   | (34,071 | ) |   |   | (24,000 | ) |
| Purchases of investment in bank stock                                      |   |   | (72 | ) |   |   | (73 | ) |
| Purchases of securities held to maturity, net                              |   |   | (3,728 | ) |   |   | (4,296 | ) |
| Proceeds from sales or calls of securities available for sale              |   |   | 21,000 |   |   |   | 21,391 |   |
| Maturities of securities held to maturity                                  |   |   | 4,296 |   |   |   | - |   |
| Net increase in loans                                                      |   |   | (24,192 | ) |   |   | (24,580 | ) |
| Purchases of premises and equipment                                        |   |   | (120 | ) |   |   | (333 | ) |
| NET CASH USED IN INVESTING ACTIVITIES                                      |   |   | (36,887 | ) |   |   | (31,891 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                       |   |   |   |   |   |   |   |   |
| Net increase in deposits                                                   |   |   | 39,708 |   |   |   | 16,909 |   |
| Decrease in federal funds purchased                                        |   |   | - |   |   |   | (853 | ) |
| Exercise of stock options                                                  |   |   | - |   |   |   | 23 |   |
| Exercise of warrants                                                       |   |   | - |   |   |   | 1,524 |   |
| NET CASH PROVIDED BYFINANCING ACTIVITIES                                   |   |   | 39,708 |   |   |   | 17,603 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                       |   |   | 3,971 |   |   |   | (12,991 | ) |
| Cash and cash equivalents, beginning of period                             |   |   | 18,098 |   |   |   | 40,480 |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                   |   | $ | 22,069 |   |   | $ | 27,489 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Cash paid during the period for:                                           |   |   |   |   |   |   |   |   |
|      Interest                                     |   | $ | 3,177 |   |   | $ | 4,648 |   |
|      Income taxes                                 |   | $ | 2,010 |   |   | $ | 593 |   |
| Supplemental disclosure of non-cash investing and financing transactions:  |   |   |   |   |   |   |   |   |
|      Loans transferred to other real estate owned |   | $ | 1,938 |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
| See accompanying notes to unaudited consolidated financial statements.     |   |
|                                                                       |   |   |   |   |   |   |   |   |

----

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

|   | Basis of Financial Statement Presentation |
|--------|-------------------------------------------|

----

----

----

|                                               |   | For the Three Months Ended |   |
|----------------------------------------------------|--------|----------------------------|--------|
|                                               |   | September 30,              |   |
|  (In thousands except per share data)         |   | 2010                       |   |   | 2009 |   |
|  Net income applicable to common stock        |   | $                          | 544    |   |   | $ | 515 |   |
|  Weighted average  number of common |   |                       |   |   |   |   |   |   |
|  shares outstanding - basic                   |   |                       | 5,207  |   |   |   | 5,102 |   |
|  Basic earnings per share                     |   | $                          | 0.10   |   |   | $ | 0.10 |   |
|                                               |   |                       |   |   |   |   |   |   |
|  Net income applicable to common stock        |   | $                          | 544    |   |   | $ | 515 |   |
|  Weighted average  number of common |   |                       |   |   |   |   |   |   |
|  shares outstanding                           |   |                       | 5,207  |   |   |   | 5,102 |   |
|  Effect of dilutive options                   |   |                       | 19     |   |   |   | - |   |
|  Weighted average  number of common |   |                       |   |   |   |   |   |   |
|  shares and common share equivalents-         |   |                       |   |   |   |   |   |   |
|  diluted                                      |   |                       | 5,226  |   |   |   | 5,102 |   |
|  Diluted earnings per share                   |   | $                          | 0.10   |   |   | $ | 0.10 |   |

----

|                                               |   |                      |   |   |   |   |
|----------------------------------------------------|--------|---------------------------|--------|--------|--------|--------|
|                                               |   | For the Nine Months Ended |   |
|                                               |   | September 30,             |   |
|  (in thousands except per share data)         |   | 2010                      |   |   | 2009   |   |
|  Net income applicable to common stock        |   | $                         | 1,582  |   |   | $      | 822 |   |
|  Weighted average  number of common |   |                      |   |   |   |   |   |   |
|  shares outstanding                           |   |                      | 5,207  |   |   |   | 5,079 |   |
|  Basic earnings per share                     |   | $                         | 0.30   |   |   | $      | 0.16 |   |
|                                               |   |                      |   |   |   |   |   |   |
|  Net income applicable to common stock        |   | $                         | 1,582  |   |   | $      | 822 |   |
|  Weighted average  number of common |   |                      |   |   |   |   |   |   |
|  shares outstanding                           |   |                      | 5,207  |   |   |   | 5,079 |   |
|  Effect of dilutive options                   |   |                      | 18     |   |   |   | - |   |
|  Weighted average  number of common |   |                      |   |   |   |   |   |   |
|  shares and common share equivalents-         |   |                      |   |   |   |   |   |   |
|  diluted                                      |   |                      | 5,225  |   |   |   | 5,079 |   |
|  Diluted earnings per share                   |   | $                         | 0.30   |   |   | $      | 0.16 |   |

----

|                                  |   |                       |   |   |   |   |
|---------------------------------------|--------|----------------------------|--------|--------|--------|--------|
|                                  |   | For the Three Months Ended |   |
|                                  |   | September 30,              |   |
|                                  |   | 2010                       |   |   | 2009   |   |
| Comprehensive Income                  |   |                       |   |   |   |   |
|                                  |   |                       |   |   |   |   |
| Net income                            |   | $                          | 544    |   |   | $      | 515 |   |
|                                  |   |                       |   |   |   |   |   |   |
| Urealized holding gain on             |   |                       |   |   |   |   |   |   |
| securities available for sale, net of |   |                       |   |   |   |   |   |   |
| taxes of $91 and $91 for 2010 and     |   |                       |   |   |   |   |   |   |
| 2009, respectively                    |   |                       | 135    |   |   |   | 140 |   |
|                                  |   |                       |   |   |   |   |   |   |
| Total comprehensive income            |   | $                          | 679    |   |   | $      | 655 |   |
|                                  |   |                       |   |   |   |   |   |   |
|                                  |   |                       |   |   |   |   |   |   |
|                                  |   | For The Nine Months Ended  |   |
|                                  |   | September 30,              |   |
|                                  |   |                       | 2010   |   |   |   | 2009 |   |
| Comprehensive Income                  |   |                       |   |   |   |   |   |   |
|                                  |   |                       |   |   |   |   |   |   |
| Net income                            |   | $                          | 1,582  |   |   | $      | 822 |   |
|                                  |   |                       |   |   |   |   |   |   |
| Urealized holding gain (loss) on      |   |                       |   |   |   |   |   |   |
| securities available for sale, net of |   |                       |   |   |   |   |   |   |
| tax expense (benefit) of $196 and     |   |                       |   |   |   |   |   |   |
| ($24) for 2010 and 2009, respectively |   |                       | 299    |   |   |   | (32 | ) |
|                                  |   |                       |   |   |   |   |   |   |
| Total comprehensive income            |   | $                          | 1,881  |   |   | $      | 790 |   |

----

|                                                                                                                            |   |                |   |   |       |   |   | Gross      |                |   |   |   |   | Gross      |       |   |   |   |   |   |       |
|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|--------|------------|--------|--------|------------|---------------------|--------|--------|--------|--------|------------|------------|--------|--------|--------|--------|--------|------------|
|                                                                                                                            |   | Amortized           |   |   |       |   |   | Unrealized |                |   |   |   |   | Unrealized |       |   | Fair   |   |   |   |       |
| September 30, 2010                                                                                                              |   | Cost                |   |   |       |   |   | Gains      |                |   |   |   |   | Losses     |       |   | Value  |   |   |   |       |
| U.S. Treasury obligations                                                                                                       |   | $                   | 13,076 |   |       |   |   |       | $                   | 321    |   |   |   |       |       | $      | -      |   |   | $      | 13,397     |   |   |   |   |
| Government Sponsored                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
|    Enterprise obligations                                                                                        |   |                | 21,000 |   |       |   |   |       |                | 281    |   |   |   |       |       |   | -      |   |   |   | 21,281     |   |   |   |   |
| Total securities available for sale                                                                                             |   | $                   | 34,076 |   |       |   |   |       | $                   | 602    |   |   |   |       |       | $      | -      |   |   | $      | 34,678     |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       | Gross               |   |   |   |   |       | Gross      |   |   |   |   |   |       |   |   |
|                                                                                                                            |   | Amortized           |   |   |       |   |   | Unrealized |                |   |   |   |   | Unrealized |       |   | Fair   |   |   |   |       |
| December 31, 2009                                                                                                               |   | Cost                |   |   |       |   |   | Gains      |                |   |   |   |   | Losses     |       |   | Value  |   |   |   |       |
| U.S. Treasury obligations                                                                                                       |   | $                   | 2,005  |   |       |   |   |       | $                   | -      |   |   |   |       |       | $      | (5     | )      |   | $      | 2,000      |   |   |   |   |
| Government Sponsored                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
|    Enterprise obligations                                                                                        |   |                | 19,000 |   |       |   |   |       |                | 127    |   |   |   |       |       |   | (16    | )      |   |   | 19,111     |   |   |   |   |
| Total securities available for sale                                                                                             |   | $                   | 21,005 |   |       |   |   |       | $                   | 127    |   |   |   |       |       | $      | (21    | )      |   | $      | 21,111     |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
| The unrealized losses, categorized by the length of time of continuous loss position, and the fair                              |   |                |   |   |       |   |   |       |
| value of related securities available for sale are as follows (in thousands):                                                   |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
| At September 30, 2010, the Company held no securities available for sale with material unrealized losses.                       |   |                |   |   |       |   |   |       |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |
|                                                                                                                            |   | Less than 12 Months |   |   |       |   |   |       | More than 12 Months |   |   | Total  |   |
|                                                                                                                            |   | Fair                |   |   | Unrealized |   |   |       |                |   |   | Fair   |   |       | Unrealized |   |   | Fair   |   |   | Unrealized |   |
| December 31, 2009                                                                                                               |   | Value               |   |   | Losses     |   |   |       |                |   |   | Value  |   |       | Losses     |   |   | Value  |   |   | Losses     |   |
| U.S. Treasury obligations                                                                                                       |   | $                   | 2,000  |   |       | $      | 5      |       |                |   |   |   |   | $          | -          |   |   | $      | -      |   |       | $ | 2,000 |   |   | $ | 5 |   |
| Government Sponsored                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|    Enterprise obligations                                                                                        |   |                | 5,984  |   |       |   | 16     |       |                |   |   |   |   |       | -          |   |   |   | -      |   |       |   | 5,984 |   |   |   | 16 |   |
| Total securities available for sale                                                                                             |   | $                   | 7,984  |   |       | $      | 21     |       |                |   |   |   |   | $          | -          |   |   | $      | -      |   |       | $ | 7,984 |   |   | $ | 21 |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
| The amortized cost and estimated fair value of securities available for sale at September 30, 2010 by contractual maturity are  |   |
| shown below. Expected maturities will differ from contractual maturities as borrowers may have the right to call or prepay |   |
| obligations with or without call or prepayment penalties (in thousands):                                                        |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|                                                                                                                            |   | Amortized           |   |   |       |   |   |       | Fair                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |
|                                                                                                                            |   | Cost                |   |   |       |   |   |       | Value               |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |
| One year or less                                                                                                                |   | $                   | 998    |   |       |   |   |       |                | $      | 998    |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
| After one to five years                                                                                                         |   |                | 25,078 |   |       |   |   |       |                |   | 25,597 |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
| After five to ten years                                                                                                         |   |                | 8,000  |   |       |   |   |       |                |   | 8,083  |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|          Total                                                                     |   | $                   | 34,076 |   |       |   |   |       |                | $      | 34,678 |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |
|                                                                                                                            |   |                |   |   |       |   |   |       |                |   |   |   |   |       |       |   |   |   |   |   |       |   |   |   |   |   |   |   |

----

|                      |   |      |   |   | Gross      |   |   | Gross      |   |   |   |   |
|---------------------------|--------|-----------|--------|--------|------------|--------|--------|------------|--------|--------|--------|--------|
|                      |   | Amortized |   |   | Unrealized |   |   | Unrealized |   |   | Fair   |   |
| September 30, 2010        |   | Cost      |   |   | Gains      |   |   | Losses     |   |   | Value  |   |
| Obligations of states and |   |      |   |   |       |   |   |       |   |   |   |   |
| political subdivisions    |   | $         | 3,728  |   |       | $      | -      |       |   | $      | (6     | )      |   | $ | 3,722 |   |
|                      |   |      |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                      |   |      |   |   |       | Gross  |   |       | Gross  |   |   |   |   |   |
|                      |   | Amortized |   |   | Unrealized |   |   | Unrealized |   |   | Fair   |   |
| December 31, 2009         |   | Cost      |   |   | Gains      |   |   | Losses     |   |   | Value  |   |
| Obligations of states and |   |      |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
| political subdivisions    |   | $         | 4,296  |   |       | $      | 1      |       |   | $      | -      |   |   | $ | 4,297 |   |

| At September 30, 2010, the Company held no securities classified as held to maturity that have been in a continuos      |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|
| unrealized loss position at September 30, 2010 and December 31, 2009. Accordingly, all held to maturity investment |   |
| unrealized losses at September 30, 2010 are under 12 months.                                                            |   |   |

|                                                                                                |   |      |   |   |   |   |
|-----------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|--------|--------|
| The amortized cost and estimated fair value of securities held to maturity at September 30, 2010 by |   |
| contractual maturity are shown below (in thousands):                                                |   |      |   |   |
|                                                                                                |   |      |   |   |   |   |
|                                                                                                |   | Amortized |   |   | Fair   |   |
|                                                                                                |   | Cost      |   |   | Value  |   |
| One year or less                                                                                    |   | $         | 3,728  |   |   | $      | 3,722 |   |
|                                                                                                |   |      |   |   |   |   |   |   |

----

|                                                                                            |   |               |    |   |              |   |
|-------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
| The components of the loan portfolio at September 30, 2010 and December 31, 2009 are summarized |   |
| as follows (in thousands):                                                                      |   |               |    |   |              |   |
|                                                                                            |   |               |    |   |              |   |
|                                                                                            |   | September 30, 2010 |    |   | December 31, 2009 |   |
|                                                                                            |   |               |    |   |              |   |
| Real estate                                                                                     |   | $                  | 186,365 |   |              | $      | 177,031 |   |
| Commercial                                                                                      |   |               | 39,990  |   |              |   | 36,036 |   |
| Credit lines                                                                                    |   |               | 49,888  |   |              |   | 47,536 |   |
| Consumer                                                                                        |   |               | 9,563   |   |              |   | 3,328 |   |
|                                                                                            |   |               |    |   |              |   |   |   |
|                                                                                            |   | $                  | 285,806 |   |              | $      | 263,931 |   |
|                                                                                            |   |               |    |   |              |   |   |   |

----

|                                                                                          |   |                       |   |   |   |   |
|-----------------------------------------------------------------------------------------------|--------|----------------------------|--------|--------|--------|--------|
|                                                                                          |   |                       |   |   |   |   |
| The following tables present the activity in the allowance for loan losses during the periods |   |
| indicated (in thousands):                                                                     |   |                       |   |   |   |   |
|                                                                                          |   |                       |   |   |   |   |
|                                                                                          |   | For the Three Months Ended |   |
|                                                                                          |   | September 30,              |   |
|                                                                                          |   | 2010                       |   |   | 2009   |   |
|                                                                                          |   |                       |   |   |   |   |
| Balance at beginning of period                                                                |   | $                          | 3,446  |   |   | $      | 2,576 |   |
| Provision charged to expense                                                                  |   |                       | 430    |   |   |   | 74 |   |
| Loans charged off                                                                             |   |                       | (377   | )      |   |   | (3 | ) |
|                                                                                          |   |                       |   |   |   |   |   |   |
| Balance at end of period                                                                      |   | $                          | 3,499  |   |   | $      | 2,647 |   |
|                                                                                          |   |                       |   |   |   |   |   |   |
|                                                                                          |   |                       |   |   |   |   |   |   |
|                                                                                          |   | For the Nine Months Ended  |   |
|                                                                                          |   | September 30,              |   |
|                                                                                          |   |                       | 2010   |   |   |   | 2009 |   |
|                                                                                          |   |                       |   |   |   |   |   |   |
| Balance at beginning of period                                                                |   | $                          | 2,792  |   |   | $      | 2,371 |   |
| Provision charged to expense                                                                  |   |                       | 1,085  |   |   |   | 279 |   |
| Loans charged off                                                                             |   |                       | (379   | )      |   |   | (3 | ) |
| Recoveries                                                                                    |   |                       | 1      |   |   |   | - |   |
|                                                                                          |   |                       |   |   |   |   |   |   |
| Balance at end of period                                                                      |   | $                          | 3,499  |   |   | $      | 2,647 |   |
|                                                                                          |   |                       |   |   |   |   |   |   |

|                                                                                           |   |               |   |   |              |   |
|------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
| Impaired loans and related amounts recorded in the allowance for loan losses are summarized as |   |
| follows (in thousands):                                                                        |   |               |   |   |              |   |
|                                                                                           |   |               |   |   |              |   |
|                                                                                           |   | September 30, 2010 |   |   | December 31, 2009 |   |
| Impaired loans without a valuation allowance                                                   |   | $                  | 1,085  |   |              | $      | 1,181 |   |
| Impaired loans with a valuation allowance                                                      |   |               | 1,338  |   |              |   | 2,777 |   |
| Valuation allowance related to impaired loans                                                  |   |               | (213   | )      |              |   | (99 | ) |
|                                                                                           |   | $                  | 2,210  |   |              | $      | 3,859 |   |
|                                                                                           |   |               |   |   |              |   |   |   |

----

| ·   | Level 1 Inputs - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 2 Inputs -  Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3 Inputs -  Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          |               |   | (Level 1)                                            |   | (Level 2)                           |   | (Level 3)                       |   |
|-------------------------------|--------------------|--------|------------------------------------------------------|--------|-------------------------------------|--------|---------------------------------|--------|
| Description                   | September 30, 2010 |   | QuotedPrices in Active Marketsfor Identical Assets   |   | SignificantOther Observable Inputs  |   | SignificantUnobservable Inputs  |   |
| Securities available for sale |               | $      | 34,678                                               |   |                                | $      | 13,397                          |   |   | $ | 21,281 |   |   | $ | - |   |
|                          |               |   |                                                 |   |                                |   |                            |   |   |   |   |   |   |   |   |   |
|                          |               |   |                                                 |   |                                |   |                            |   |   |   |   |   |   |   |   |   |
|                          |               |   |                                                 |   |                                |   |                            |   |   |   |   |   |   |   |   |   |
|                          |               |   |                                                 |   | (Level 1)                           |   | (Level 2)                       |   | (Level 3) |   |
| Description                   | December 31, 2009  |   | Quoted Prices in Active Markets for Identical Assets |   | Significant Other Observable Inputs |   | Significant Unobservable Inputs |   |
| Securities available for sale |               | $      | 21,111                                               |   |                                | $      | 2,000                           |   |   | $ | 19,111 |   |   | $ | - |   |
|                          |               |   |                                                 |   |                                |   |                            |   |   |   |   |   |   |   |   |   |

|                                |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |
|-------------------------------------|--------|--------------------|--------|--------|------------------------------------------------------|-----------|--------|-------------------------------------|-----------|--------|---------------------------------|-----------|
|                                |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |
|                                |   |               |   |   | (Level 1)                                            |      |   | (Level 2)                           |      |   | (Level 3)                       |      |
| Description                         |   | September 30, 2010 |   |   | Quoted Prices in Active Markets for Identical Assets |      |   | Significant Other Observable Inputs |      |   | Significant Unobservable Inputs |      |
| Impaired Loans                      |   | $                  | 1,125  |   |                                                 | $         | -      |                                |      | $      | -                               |      |   | $ | 1,125 |   |
| Other real estate owned             |   |               | 1,938  |   |                                                 |      | -      |                                |      |   | -                               |      |   |   | 1,938 |   |
| Total impaired loans and other real |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |   |   |   |   |
| estate owned                        |   | $                  | 3,063  |   |                                                 | $         | -      |                                |      | $      | -                               |      |   | $ | 3,063 |   |
|                                |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |   |   |   |   |
|                                |   |               |   |   |                                                 | (Level 1) |   |                                | (Level 2) |   |                            | (Level 3) |   |
| Description                         |   | December 31, 2009  |   |   | Quoted Prices in Active Markets for Identical Assets |      |   | Significant Other Observable Inputs |      |   | SignificantUnobservable Inputs  |      |
| Impaired Loans                      |   | $                  | 2,678  |   |                                                 | $         | -      |                                |      | $      | -                               |      |   | $ | 2,678 |   |
|                                |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |   |   |   |   |
|                                |   |               |   |   |                                                 |      |   |                                |      |   |                            |      |   |   |   |   |

----

|                               |   |   |   |
|------------------------------------|--------|--------|--------|
|                               |   | 2010   |   |
| Beginning balance, January 1       |   | $      | -      |   |
| Total additions                    |   |   | 1,938  |   |
| Ending balance, September 30, 2010 |   | $      | 1,938  |   |
|                               |   |   |   |   |

----

----

|                                |   |               |    |   |                 |   |    |            |   |   |                 |   |
|-------------------------------------|--------|--------------------|---------|--------|----------------------|--------|---------|-----------------|--------|--------|----------------------|--------|
|                                |   | September 30, 2010 |    |   | December 31, 2009    |   |
|                                |   | Carrying Amount    |    |   | Estimated Fair Value |   |    | Carrying Amount |   |   | Estimated Fair Value |   |
| Financial assets:                   |
| Cash and cash equivalents           |   | $                  | 22,069  |   |                 | $      | 22,069  |            |   | $      | 18,098               |   |   | $ | 18,098 |   |
| Securities available for sale       |   |               | 34,678  |   |                 |   | 34,678  |            |   |   | 21,111               |   |   |   | 21,111 |   |
| Securities held to maturity         |   |               | 3,728   |   |                 |   | 3,722   |            |   |   | 4,296                |   |   |   | 4,297 |   |
| Restricted investment in bank stock |   |               | 491     |   |                 |   | 491     |            |   |   | 419                  |   |   |   | 419 |   |
| Net loans                           |   |               | 282,321 |   |                 |   | 283,418 |            |   |   | 261,152              |   |   |   | 261,329 |   |
| Accrued interest receivable         |   |               | 1,559   |   |                 |   | 1,559   |            |   |   | 1,173                |   |   |   | 1,173 |   |
| Financial liabilities:              |   |               |    |   |                 |   |    |            |   |   |                 |   |   |   |   |   |
| Deposits                            |   |               | 306,851 |   |                 |   | 304,546 |            |   |   | 267,143              |   |   |   | 268,101 |   |
| Accrued interest payable            |   |               | 432     |   |                 |   | 432     |            |   |   | 372                  |   |   |   | 372 |   |
|                                |   |               |    |   |                 |   |    |            |   |   |                 |   |   |   |   |   |

----

----

ITEM 2

| ·   | Current economic conditions affecting the financial industry; |
|--------------------|---------------------------------------------------------------|

| ·   | Current interest rate environment affecting loan, deposit, and investment pricing; |
|--------------------|------------------------------------------------------------------------------------|

| ·   | Increased credit risk and risks associated with the real estate market; |
|--------------------|-------------------------------------------------------------------------|

| ·   | Operating, legal and regulatory risk; |
|--------------------|---------------------------------------|

| ·   | Economic, political and competitive forces affecting the Company’s business; and |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | That management’s analysis of these risks and factors could be incorrect, and/or that the strategies developed to address them could be unsuccessful. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

----

----

----

|                 |   |          |   |   |         |   |
|----------------------|--------|---------------|--------|--------|--------------|--------|
|                 |   |          |   |   | Minimum      |   |
|                 |   | September 30, |   |   | Regulatory   |   |
|                 |   | 2010          |   |   | Requirements |   |
| Risk-Based Capital:  |   |          |   |   |         |   |
| Tier 1 Capital Ratio |   |          | 18.10  | %      |         |   | 4.00 | % |
| Total Capital Ratio  |   |          | 19.33  | %      |         |   | 8.00 | % |
| Leverage Ratio       |   |          | 14.61  | %      |         |   | 4.00 | % |
|                 |   |          |   |   |         |   |   |   |

----

Quantitative and Qualitative Disclosures about Market/Interest Risk

Controls and Procedures

----

Legal Proceedings

Risk Factors

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities

(Removed and Reserved)

Other Information

Exhibits

----

|                                                                                     | Bancorp of New Jersey, Inc.                       |
|------------------------------------------------------------------------------------------|---------------------------------------------------|
|                                                                                     |                                              |
| Date:           November 15, 2010 |                                              |
|                                                                                     | By:    /s/ Albert F. Buzzetti |
|                                                                                     | Albert F. Buzzetti                                |
|                                                                                     | Chairman and Chief Executive Officer              |
|                                                                                     | (Principal Executive Officer)                     |
|                                                                                     |                                              |
|                                                                                     | By:   /s/ Michael Lesler           |
|                                                                                     | Michael Lesler                                    |
|                                                                                     | President and Chief Operating Officer             |
|                                                                                     | (Principal Financial Officer)                     |
|                                                                                     |                                              |

----

| Exhibit |                                                            |
|---------|-----------------------------------------------------------------|
| Number  | Description                                                     |
|    |                                                            |
| 31.1    | Rule 13a-14(a) Certification of the Principal Executive Officer |
|    |                                                            |
| 31.2    | Rule 13a-14(a) Certification of the Principal Financial Officer |
|    |                                                            |
| 32      | Section 1350 Certifications                                     |
|    |                                                            |
|    |                                                            |

----