SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                                   (Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001 OR

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO

                         Commission file number: 0-21765

                              RIVER VALLEY BANCORP
        (Exact name of small business issuer as specified in its charter)

              Indiana                                35-1984567
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                   Identification Number)

                                430 Clifty Drive
                             Madison, Indiana 47250
                    (Address of principal executive offices)

                                 (812) 273-4949
                           (Issuer's telephone number)


                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities
under a plan confirmed by a court.

Yes [    ]                          No [    ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

As of May 2, 2001, there were 853,100 shares of the Registrant's common stock
issued and outstanding.

Transitional Small Business Disclosure Format (Check one):  Yes [   ]   No [ X ]



<PAGE>



                              RIVER VALLEY BANCORP
                                   FORM 10-QSB

                                      INDEX

                                                                      Page No.
                                                                      --------
PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

          Consolidated Condensed Balance Sheet                             3

          Consolidated Condensed Statement of Income                       4

          Consolidated Condensed Statement of Comprehensive Income         5

          Consolidated Condensed Statement of Cash Flows                   6

          Notes to Unaudited Consolidated Condensed Financial Statements   7

Item 2. Management's  Discussion and Analysis of Financial
        Condition and Resultsof Operations.                                8

PART II. OTHER INFORMATION

Item 1.       Legal Proceedings                                           10
Item 2.       Changes in Securities                                       10
Item 3.       Defaults Upon Senior Securities                             10
Item 4.       Submission of Matters to a Vote of Security Holders         10
Item 5.       Other Information                                           10
Item 6.       Exhibits and Reports on Form 8-K                            10

SIGNATURES                                                                11






<PAGE>

PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements

                              RIVER VALLEY BANCORP
                      Consolidated Condensed Balance Sheet
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                March 31,           December 31,
                                                                     2001                 2000
                                                             --------------------- --------------------
                                                              (In Thousands, Except Share Amounts)
  Assets
<S>                                                                  <C>                      <C>
       Cash and due from banks                                       $     3,375              $  3,361
       Interest-bearing demand deposits                                    4,041                 3,021
                                                             --------------------- --------------------
           Cash and cash equivalents                                       7,416                 6,382
       Investment securities available for sale                            9,235                 7,247
       Loans                                                             148,907               142,672
           Allowance for loan losses                                       1,774                 1,702
                                                             --------------------- --------------------
                Net Loans                                                147,133               140,970
       Premises and equipment                                              3,377                 2,817
       Federal Home Loan Bank stock                                          943                   943
       Interest receivable                                                 1,309                 1,468
       Other assets                                                        2,127                 2,303
                                                             --------------------- --------------------
                  Total assets                                        $  171,540             $ 162,130
                                                             ===================== ====================
  Liabilities
       Deposits
           Noninterest-bearing                                      $      9,160              $  9,170
           Interest-bearing                                              130,109               121,055
                                                            --------------------- --------------------
                Total deposits                                           139,269               130,225
       Borrowings                                                         13,450                13,450
       Interest payable                                                      566                   598
       Other liabilities                                                     893                   673
                                                            --------------------- --------------------
           Total liabilities                                             154,178               144,946
                                                            --------------------- --------------------
  Commitments and Contingencies

  Shareholders' Equity
       Preferred stock,  without par value
           Authorized and unissued - 2,000,000 shares
       Common stock, without par value
           Authorized - 5,000,000 shares
           Issued - 1,190,250 shares
       Additional paid-in capital                                         11,365                11,349
       Retained earnings                                                  11,190                10,882
       Shares acquired by stock benefit plans                               (702)                 (734)
       Less 334,576 and 321,376 treasury shares, at cost                  (4,566)               (4,343)
       Accumulated other comprehensive income                                 75                    30
                                                                 --------------------- --------------------
           Total shareholders' equity                                     17,362                17,184
                                                                 --------------------- --------------------

           Total liabilities and shareholders' equity                 $  171,540             $ 162,130
                                                                 ===================== ====================
</TABLE>


  See notes to consolidated condensed financial statements.

<PAGE>

                              RIVER VALLEY BANCORP
                   Consolidated Condensed Statement of Income
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                  Three Months Ended
                                                                                                       March 31
                                                                                         ------------------ -------------------
                                                                                               2001                2000
                                                                                         ------------------ -------------------
                                                                                         (In Thousands, Except Share Amounts)
Interest Income
<S>                                                                                          <C>                <C>
     Loans receivable                                                                        $  2,964           $  2,316
     Investment securities                                                                        128                125
     Interest-earning deposits and other                                                           81                 99
                                                                                         ------------------ -------------------
         Total interest income                                                                  3,173              2,540
                                                                                         ------------------ -------------------
Interest Expense
     Deposits                                                                                   1,501              1,159
     Borrowings                                                                                   203                 83
                                                                                         ------------------ -------------------
         Total interest expense                                                                 1,704              1,242
                                                                                         ------------------ -------------------

Net Interest Income                                                                             1,469              1,298
     Provision for loan losses                                                                     90                 13
                                                                                         ------------------ -------------------
Net Interest Income After Provision for Loan Losses                                             1,379              1,285
                                                                                         ------------------ -------------------

Other Income
     Service fees and charges                                                                     206                198
     Net gains on loan sales                                                                       56                 12
     Other income                                                                                  10                 67
                                                                                         ------------------ -------------------
         Total other income                                                                       272                277
                                                                                         ------------------ -------------------

Other Expenses
     Salaries and employee benefits                                                               533                514
     Net occupancy and equipment expenses                                                         141                134
     Data processing fees                                                                          43                 26
     Advertising                                                                                   39                 43
     Legal and professional fees                                                                   47                 28
     Other expenses                                                                               206                188
                                                                                         ------------------ -------------------
         Total other expenses                                                                   1,009                933
                                                                                         ------------------ -------------------

Income Before Income Tax                                                                          642                629
     Income tax expense                                                                           247                248
                                                                                         ------------------  -------------------

Net Income                                                                                    $   395           $    381
                                                                                         ================== ===================

Basic earnings per share                                                                        $ .48               $.44

Diluted earnings per share                                                                        .48                .44
</TABLE>


See notes to consolidated condensed financial statements.






<PAGE>

                              RIVER VALLEY BANCORP
            Consolidated Condensed Statement of Comprehensive Income
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                         Three Months Ended
                                                                                             March 31,
                                                                                ------------------ ------------------
                                                                                      2001               2000
                                                                                ------------------ ------------------
                                                                                           (In Thousands)

<S>                                                                                      <C>                <C>
  Net income                                                                             $ 395              $ 381
  Other comprehensive income, net of tax
        Unrealized gains on securities available for sale
            Unrealized holding gains arising during the period, net of tax
            expense of $30 and $4.                                                          45                  8
                                                                                ------------------ ------------------
   Comprehensive income                                                                  $ 440              $ 389
                                                                                ================== ==================
</TABLE>

See notes to consolidated condensed financial statements.


<PAGE>

                              RIVER VALLEY BANCORP
                 Consolidated Condensed Statement of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                 Three Months Ended
                                                                                                      March 31,
                                                                                         -------------------- -------------------
                                                                                               2001                2000
                                                                                         -------------------- -------------------
  Operating Activities                                                                               (In Thousands)

<S>                                                                                             <C>                 <C>
       Net income                                                                               $  395              $   381
       Adjustments to reconcile net income to net cash provided (used) by  operating
           activities
         Provision for loan losses                                                                  90                   13
         Depreciation and amortization                                                              86                   59
         Amortization of goodwill                                                                    2                    2
         Investment securities accretion, net                                                       (2)                 (26)
         Loans originated for sale in the secondary market                                      (3,247)                (728)
         Proceeds from sale of loans in the secondary market                                     3,269                  733
         Gain on sale of loans                                                                     (22)                  (5)
         Amortization of deferred loan origination cost                                             35                   26
         Amortization of expense related to stock benefit plans                                     48
         Gain on sale of premises and equipment                                                                         (42)
         Capitalized interest on construction                                                      (14)
         Net change in:
           Interest receivable                                                                     159                   (7)
           Interest payable                                                                        (32)                   2
         Other adjustments                                                                         347                  154
                                                                                         -------------------- -------------------
                Net cash provided  by operating activities                                       1,114                  562
                                                                                         -------------------- -------------------

  Investing Activities
       Purchases of securities available for sale                                               (4,002)              (1,900)
       Proceeds from maturities of securities available for sale                                    91                4,089
       Proceed from sales of securities available for sale                                       2,000
       Proceeds from maturities of securities held to maturity                                                        1,204
       Net change in loans                                                                      (6,288)              (7,315)
       Purchases of premises and equipment                                                        (632)                 (23)
       Premiums on life insurance                                                                  (95)
       Proceeds from sale of premises and equipment                                                                      56
                                                                                         -------------------- -------------------
                Net cash used by investing activities                                           (8,926)              (3,889)
                                                                                         -------------------- -------------------

  Financing Activities
       Net change in
          Noninterest-bearing, interest-bearing demand and savings deposits                       (352)               1,840
          Certificates of deposit                                                                9,396                6,114
       Proceeds from borrowings                                                                 14,000                  350
       Repayment of borrowings                                                                 (14,000)              (3,000)
       Cash dividends                                                                                                   (82)
       Purchase of stock                                                                          (223)                (606)
       Advances by borrowers for taxes and insurance                                                25                   20
                                                                                         -------------------- -------------------
                Net cash provided  by financing activities                                       8,846                4,636
                                                                                         -------------------- -------------------

  Net Change in Cash and Cash Equivalents                                                        1,034                1,309

  Cash and Cash Equivalents, Beginning of Period                                                 6,382                8,052
                                                                                         -------------------- -------------------

  Cash and Cash Equivalents, End of Period                                                     $ 7,416             $  9,361
                                                                                         ==================== ===================

  Additional Cash Flows and Supplementary Information
       Interest paid                                                                           $ 1,736             $  1,240
       Income tax paid                                                                               0                  136
</TABLE>

  See notes to consolidated condensed financial statements.
<PAGE>
                              RIVER VALLEY BANCORP
         Notes to Unaudited Consolidated Condensed Financial Statements


River Valley Bancorp (the  "Corporation")  is a unitary savings and loan holding
company whose  activities  are  primarily  limited to holding the stock of River
Valley  Financial  Bank  ("River  Valley" or the  "Bank").  The Bank  conducts a
general banking  business in  southeastern  Indiana which consists of attracting
deposits from the general public and applying those funds to the  origination of
loans  for  consumer,   residential  and  commercial  purposes.  River  Valley's
profitability  is significantly  dependent on net interest income,  which is the
difference between interest income generated from interest-earning  assets (i.e.
loans  and  investments)  and the  interest  expense  paid  on  interest-bearing
liabilities (i.e.  customer deposits and borrowed funds). Net interest income is
affected by the relative amount of interest-earning  assets and interest-bearing
liabilities and the interest  received or paid on these  balances.  The level of
interest rates paid or received by the Bank can be significantly influenced by a
number of competitive  factors,  such as governmental  monetary policy, that are
outside of management's control.

Note 1: Basis of Presentation

The accompanying  unaudited  consolidated  condensed  financial  statements were
prepared in accordance with instructions for Form 10-QSB and, therefore,  do not
include  information  or  footnotes  necessary  for a complete  presentation  of
financial  position,  results of operations  and cash flows in  conformity  with
generally  accepted   accounting   principles.   Accordingly,   these  financial
statements  should  be read  in  conjunction  with  the  consolidated  financial
statements and notes thereto of the Corporation included in the Annual Report on
Form 10-KSB for the year ended  December  31, 2000.  However,  in the opinion of
management, all adjustments (consisting of only normal recurring accruals) which
are necessary for a fair  presentation  of the  financial  statements  have been
included.  The results of operations for the three-month  period ended March 31,
2001,  are not  necessarily  indicative of the results which may be expected for
the entire year.

Note 2: Principles of Consolidation

The consolidated  financial  statements  include the accounts of the Corporation
and its subsidiary,  the Bank and the Bank's  subsidiary,  Madison First Service
Corporation  ("First  Service").   All  significant  intercompany  balances  and
transactions  have been eliminated in the  accompanying  consolidated  financial
statements.

Note 3: Earnings Per Share

Earnings per share have been  computed  based upon the  weighted-average  common
shares  outstanding.  Unearned  Employee  Stock  Ownership Plan shares have been
excluded from the computation of average common shares outstanding.

<TABLE>
<CAPTION>

                                             Three Months Ended                             Three Months Ended
                                               March 31, 2001                                  March 31, 2000
                                               --------------                                  --------------
                                                   Weighted          Per                            Weighted       Per
                                                   Average          Share                           Average        Share
                                      Income       Shares          Amount            Income          Shares        Amount
                                      ------       ------          ------            ------          ------        ------
<S>                                    <C>        <C>               <C>              <C>           <C>             <C>
     Basic earnings per share
       Income available to
       common shareholders             $ 395      818,937           $ .48            $ 381         870,903         $ .44
                                                                 ==========                                     ==========

     Effect of dilutive RRP                                                                            ---
     awards and stock options                      11,854
                                      ----------------------                        ------------------------
     Diluted earnings per share
     Income available to  common
     shareholders and assumed
     conversions                      $ 395       830,791           $ .48            $ 381         870,903         $ .44
                                     =====================================          ========================================
</TABLE>

<PAGE>

Note 4: Reclassifications

Certain  reclassifications  have  been made to the 2000  consolidated  financial
statements to conform to the March 31, 2001 presentation.


Item 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

Forward Looking Statements

This Quarterly Report on Form 10-QSB ("Form 10-QSB")  contains  statements which
constitute   forward-looking  statements  within  the  meaning  of  the  Private
Securities Litigation Reform Act of 1995. These statements appear in a number of
places in this Form 10-QSB and include statements regarding the intent,  belief,
outlook, estimate or expectations of the Corporation (as defined in the notes to
the consolidated condensed financial statements),  its directors or its officers
primarily with respect to future events and the future financial  performance of
the Corporation. Readers of this Form 10-QSB are cautioned that any such forward
looking  statements  are not  guarantees  of future  events or  performance  and
involve risks and  uncertainties,  and that actual results may differ materially
from those in the forward looking statements as a result of various factors. The
accompanying  information  contained  in this Form 10-QSB  identifies  important
factors that could cause such  differences.  These  factors  include  changes in
interest   rates;   loss  of  deposits  and  loan  demand  to  other   financial
institutions;  substantial changes in financial markets;  changes in real estate
values and the real estate market; or regulatory changes.

Financial Condition

At March 31, 2001, the Corporation's consolidated assets totaled $171.5 million,
an increase of $9.4 million,  or 5.8%,  from December 31, 2000.  The increase in
assets  resulted  primarily  from an  increase in net loans  receivable  of $6.2
million and an increase of approximately $2.0 million in investments,  which was
funded by an increase in deposits of $9.0 million.

Liquid  assets  (i.e.,  cash and  interest-earning  deposits)  increased by $1.0
million from  December 31, 2000 levels,  to a total of $7.4 million at March 31,
2001.  Investment  securities increased by $2.0 million, or 27.4%, to a total of
$9.2 million at March 31, 2001 due to the increase in deposits.

Net loans  receivable were $147.1 million at March 31, 2001, an increase of $6.2
million, or 4.4%, from $140.9 million at December 31, 2000.

The  Corporation's  consolidated  allowance for loan losses totaled $1.7 million
and $1.8 million on December 31, 2000 and March 31,  2001,  respectively,  which
represented 1.2% of total loans at both dates.  Nonperforming  loans (defined as
loans  delinquent  greater than 90 days and loans on nonaccrual  status) totaled
$621,000 and  $998,000 at December  31, 2000 and March 31,  2001,  respectively.
Although  management  believes  that its  allowance for loan losses at March 31,
2001, was adequate based upon the available facts and  circumstances,  there can
be no assurance that additions to such allowance will not be necessary in future
periods, which could negatively affect the Corporation's results of operations.

Deposits  totaled $139.3 million at March 31, 2001, an increase of $9.0 million,
or 6.9%,  compared to total  deposits at December 31,  2000.  The growth for the
three-month period resulted from the marketing and interest rate strategies.

Advances from the Federal Home Loan Bank totaled $13.0 million at both March 31,
2001 and December 31, 2000.  These advances had a positive  effect on the bottom
line during the first quarter of 2001 due to a decline in their interest  rates.
More than half of the advances  outstanding  at December 31, 2000 matured during
the first quarter of 2001 and were renewed at rates below 5.0%.

Stockholders'  equity  totaled  $17.4  million at March 31, 2001, an increase of
$178,000,  or 1.0%,  from $17.2  million at  December  31,  2000.  The  increase
resulted  primarily from the Corporation's net income,  offset by cash dividends
and stock repurchases.

The Bank is required to maintain minimum  regulatory capital pursuant to federal
regulations.  At March 31,  2001,  the Bank's  regulatory  capital  exceeded all
applicable regulatory capital requirements.


Comparison  of  Operating  Results for the Three Months Ended March 31, 2001 and
2000
<PAGE>

General

The  Corporation's  net  earnings  for the three  months  ended March 31,  2001,
totaled $395,000,  an increase of $14,000 or 3.7% from the $381,000 reported for
the quarter ended March 31, 2000.  The increase in income in the 2001 period was
primarily  attributable to a increase in net interest income of $171,000,  which
was partially  offset by an increase in the provision for loan losses of $77,000
and an increase in other expenses of $76,000.

Net Interest Income

Total interest income for the three months ended March 31, 2001 amounted to $3.2
million, an increase of $633,000, or 24.9%, over the comparable quarter in 2000,
reflecting  the  effects  of an  increase  in  average  interest-earning  assets
outstanding.

Interest expense on deposits increased by $342,000, or 29.5%, to a total of $1.5
million for the quarter  ended March 31, 2001,  due  primarily to an increase in
the average  cost of  deposits,  and by an  increase  in the average  balance of
deposits  outstanding  year-to-year.  Interest  expense  on  borrowings  totaled
$203,000 for the three  months  ended March 31,  2001,  an increase of $120,000,
from the  comparable  period in 2000.  The increase  resulted  primarily from an
increase in average borrowings outstanding year-to-year.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income  increased by $171,000 or 13.2%,  for the three months ended
March 31, 2001, as compared to the comparable  period in 2000. This increase was
due to the increase in volume of average  interest earning assets offset in part
by the increase in average interest bearing liabilities.

Provision for Losses on Loans

A  provision  for  losses  on loans is  charged  to  income  to bring  the total
allowance for loan losses to a level considered  appropriate by management based
upon  historical  experience,  the volume and type of lending  conducted  by the
Bank, the status of past due principal and interest  payments,  general economic
conditions,  particularly as such  conditions  relate to the Bank's market area,
and other factors related to the collectibility of the Bank's loan portfolio. As
a result of such analysis, management recorded a $90,000 provision for losses on
loans for the three months ended March 31, 2001,  compared to the $13,000 amount
recorded in the 2000 period.  The 2001  provision  amount was  predicated on the
increase  in the  balance  of the loan  portfolio,  coupled  with  the  level of
nonperforming loans  year-to-year.  While management believes that the allowance
for losses on loans is  adequate  at March 31,  2001,  based upon the  available
facts and circumstances,  there can be no assurance that the loan loss allowance
will be adequate to cover losses on nonperforming assets in the future.

Other Income

Other  income  decreased  by $5,000,  or 1.8%,  for the three months ended March
31,2001,  as compared to the same period in 2000, due primarily to the fact that
the first  quarter  of 2000  included  a gain of  $42,000  on the sale of office
premises.

Other Expense

Other expense increased by $76,000, or 8.1%, during the three months ended March
31, 2001, as compared to the same period in 2000. The increase was due primarily
to the increase in loan  volume/administrative  expense,  both balance sheet and
off-balance sheet volume, and general expense increases due to growth.


Income Taxes

The provision for income taxes totaled $247,000 for the three months ended March
31, 2001, a decrease of $1,000,  or .4%, as compared to the same period in 2000.
The effective  tax rates  amounted to 38.5% and 39.4% for the three months ended
March 31, 2001 and 2000, respectively.

Other

The  Securities  and  Exchange  Commission  maintains  a Web site that  contains
reports,   proxy  information   statements,   and  other  information  regarding
registrants  that  file  electronically  with  the  Commission,   including  the
Corporation. The address is http://www.sec.gov.

<PAGE>
PART II. OTHER INFORMATION

Item 1. Legal Proceedings

        None.

Item 2. Changes in Securities and Use of Proceeds

        None.

Item 3. Defaults Upon Senior Securities.

        None.

Item 4. Submission of Matters to a Vote of Security Holders.

        None.

Item 5. Other Information.

        None.

Item 6. Exhibits and Reports on Form 8-K.

          (a)  No reports on Form 8-K were filed during the quarter  ended March
               31, 2001.




<PAGE>

                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  Issuer  has duly  caused  this  report to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                    RIVER VALLEY BANCORP

Date:         May 14, 2001          By: /s/ Matthew P. Forrester
              ------------              --------------------------------
                                        Matthew P. Forrester
                                        President and Chief Executive Officer

Date:         May 14, 2001          By: /s/ Larry C. Fouse
              ------------              --------------------------------
                                        Larry C. Fouse
                                        Vice President of Finance