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 SEPTEMBER 30, 2002 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

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable  date:  November 8, 2002 - 810,544 common
shares.

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 Results of Operations.                                            8

Item 3.  Controls and Procedures.                                             12

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings                                                    12
Item 2.  Changes in Securities and Use of Proceeds                            13
Item 3.  Defaults Upon Senior Securities                                      13
Item 4.  Submission of Matters to a Vote of Security Holders                  13
Item 5.  Other Information                                                    13
Item 6.  Exhibits and Reports on Form 8-K                                     13

SIGNATURES                                                                    14

CERTIFICATIONS                                                                14

<PAGE>
<TABLE>
<CAPTION>

PART I FINANCIAL INFORMATION
Item 1. Financial Statements

                              RIVER VALLEY BANCORP
                      Consolidated Condensed Balance Sheet

                                                                                   September 30,         December 31,
                                                                                        2002                 2001
                                                                                    (Unaudited)
                                                                                --------------------- --------------------
                                                                                  (In Thousands, Except Share Amounts)
  Assets
<S>                                                                                <C>                  <C>
       Cash and due from banks                                                        $  3,440              $  4,689
       Interest-bearing demand deposits                                                 18,440                   952
       Federal funds sold                                                                1,300                     0
                                                                                -------------------- ---------------------
           Cash and cash equivalents                                                    23,180                 5,641
       Investment securities available for sale                                         23,146                17,653
       Loans held for sale                                                               1,127                 2,638
       Loans, net of allowance for loan losses of $2,029, and $1,972                   164,082               155,334
       Premises and equipment                                                            5,469                 5,379
       Federal Home Loan Bank stock                                                      2,000                 1,250
       Interest receivable                                                               1,564                 1,475
       Other assets                                                                      2,594                 2,248
                                                                                -------------------- ---------------------
            Total assets                                                              $223,162              $191,618
                                                                                ==================== =====================


  Liabilities
       Deposits
           Non-interest-bearing                                                       $ 12,133              $ 11,406
           Interest-bearing                                                            149,284               134,165
                                                                                -------------------- ---------------------
            Total deposits                                                             161,417               145,571
       Borrowings                                                                       40,000                26,500
       Interest payable                                                                    447                   613
       Other liabilities                                                                 1,283                   963
                                                                                -------------------- ---------------------
            Total liabilities                                                          203,147               173,647
                                                                                -------------------- ---------------------

  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 and outstanding - 810,544 and 868,874 shares
       Additional paid-in capital                                                        7,732                 7,654
       Retained earnings                                                                12,318                10,802
       Shares acquired by stock benefit plans                                             (388)                 (532)
       Accumulated other comprehensive income                                              353                    47
                                                                                -------------------- ---------------------
           Total shareholders' equity                                                   20,015                17,971
                                                                                -------------------- ---------------------

           Total liabilities and shareholders' equity                                 $223,162              $191,618
                                                                                ==================== =====================

  See notes to consolidated condensed financial statements.
</TABLE>

<PAGE>



                              RIVER VALLEY BANCORP
                   Consolidated Condensed Statement of Income
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  Nine Months Ended         Three Months Ended
                                                                    September 30,              September 30,
                                                               ------------- ------------ ------------- ------------
                                                                   2002         2001          2002         2001
                                                               ------------- ------------ ------------- ------------
Interest Income                                                        (In Thousands, Except Share Amounts)

<S>                                                             <C>          <C>         <C>           <C>
     Loans receivable                                           $  8,712     $  9,192   $ 2,953       $ 3,128
     Investment securities                                           658          398       218           147
     Interest-earning deposits and other                             158          203        71            56
                                                                ------------ ---------- ------------- ---------------
         Total interest income                                     9,528        9,793     3,242         3,331
                                                                ------------ ---------- ------------- ---------------

Interest Expense
     Deposits                                                      3,085        4,423       991         1,421
     Borrowings                                                    1,103          678       415           231
                                                                ------------ ---------- ------------- ---------------
         Total interest expense                                    4,188        5,101     1,406         1,652
                                                                ------------ ---------- ------------- ---------------

Net Interest Income                                                5,340        4,692     1,836         1,679
     Provision for loan losses                                       410          310       150           110
                                                                ------------ ---------- ------------- ---------------
Net Interest Income After Provision for Loan Losses                4,930        4,382     1,686         1,569
                                                                ------------ ---------- ------------- ---------------

Other Income
     Gains on investment securities                                    6            9         0            8
     Service fees and charges                                      1,016          688       369           247
     Net gains on loan sales                                         643          374       493           157
     Gain on sale of premises and equipment                          352            2         0             2
     Other income                                                     81           21        17             7
                                                                ------------ ---------- ------------- ---------------
         Total other income                                        2,098        1,094       879           421
                                                                ------------ ---------- ------------- ---------------

Other Expenses
     Salaries and employee benefits                                1,789        1,603       632           540
     Net occupancy and equipment expenses                            601          442       199           164
     Data processing fees                                            176          125        73            41
     Advertising                                                     145          160        59            66
     Legal and professional fees                                      55          122        31            29
     Other expenses                                                1,044          739       443           286
                                                                ------------ ---------- ------------- ---------------
         Total other expenses                                      3,810        3,191     1,437         1,126
                                                                ------------ ---------- ------------- ---------------

Income Before Income Tax                                           3,218        2,285     1,128           864
     Income tax expense                                            1,274          881       446           334
                                                                ------------ ---------- ------------- ---------------

Net Income                                                      $  1,944     $  1,404   $   682       $   530
                                                                ============ ========== ============= ===============

Basic earnings per share                                        $   2.50     $   1.76   $   .87       $   .68
                                                                    2.40         1.72       .84           .66


See notes to consolidated condensed financial statements.
</TABLE>

<PAGE>



                              RIVER VALLEY BANCORP
            Consolidated Condensed Statement of Comprehensive Income
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                Nine Months Ended            Three Months Ended
                                                                                  September 30,                 September 30,
                                                                           -------------- ------------ ------------- ------------
                                                                               2002           2001           2002         2001
                                                                           -------------- ------------ ------------- ------------
                                                                                                (In Thousands)

<S>                                                                           <C>          <C>               <C>          <C>
  Net income                                                                  $1,944       $1,404            $682         $530
  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 $203, $112, $138 and $75.                             310          170             210          115
            Less: Reclassification adjustment for gains
                included in net income, net of tax expense
                of $2, $4, $0 and $3.                                              4            5               0            5
                                                                           -------------- ------------ ------------- ------------
                                                                                 306          165             210          110
                                                                           -------------- ------------ ------------- ------------
   Comprehensive income                                                       $2,250       $1,569            $892         $640
                                                                           ============== ============ ============= ============


See notes to consolidated condensed financial statements.
</TABLE>
<PAGE>



                              RIVER VALLEY BANCORP
                 Consolidated Condensed Statement of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                  Nine Months Ended
                                                                                                    September 30,
                                                                                         -------------------- -------------------
                                                                                                2002                2001
                                                                                         -------------------- -------------------
  Operating Activities                                                                               (In Thousands)

<S>                                                                                       <C>                  <C>
       Net income                                                                           $   1,944            $   1,404
       Adjustments to reconcile net income to net cash provided by operating activities
         Provision for loan losses                                                                410                  310
         Depreciation and amortization                                                            381                  291
         Investment securities (gains) losses                                                      (6)                  (9)
         Loans originated for sale in the secondary market                                    (41,530)             (23,163)
         Proceeds from sale of loans in the secondary market                                   43,354               23,308
         Gain on sale of loans                                                                   (313)                (145)
         Amortization of deferred loan origination cost                                           123                  114
         Amortization of expense related to stock benefit plans                                   290                  202
         Gain on sale of premises and equipment                                                  (352)                   0
         Capitalized interest on construction                                                      (1)                 (68)
         Net change in:
           Interest receivable                                                                    (89)                (107)
           Interest payable                                                                      (166)                   0
         Other adjustments                                                                       (237)                 370
                                                                                         -------------------- -------------------
                Net cash provided by operating activities                                       3,808                2,507
                                                                                         -------------------- -------------------

  Investing Activities
       Purchases of securities available for sale                                             (11,049)             (10,299)
       Proceeds from maturities of securities available for sale                                  131                3,191
       Proceeds from sale of securities available for sale                                      5,933                3,649
       Purchase of Federal Home Loan Bank stock                                                  (750)                (207)
       Net change in loans                                                                     (9,360)             (18,434)
       Premiums paid on life insurance                                                              0                  (95)
       Purchases of premises and equipment                                                       (747)              (2,406)
       Proceeds from sale of premises and equipment                                               629                    0
       Proceeds from sale of real estate owned                                                     30                    0
                                                                                         -------------------- -------------------
                Net cash used in investing activities                                         (15,183)             (24,601)
                                                                                         -------------------- -------------------

  Financing Activities
       Net change in
          Noninterest-bearing, interest-bearing demand and savings deposits                     5,960                9,202
          Certificates of deposit                                                               9,886                7,034
       Proceeds from borrowings                                                                44,000               26,000
       Repayment of borrowings                                                                (30,500)             (19,000)
       Cash dividends                                                                            (386)                (175)
       Purchase of stock                                                                         (140)              (1,182)
       Stock options exercised                                                                     95                   15
       Acquisition of stock for stock benefit plans                                               (22)                   0
       Advances by borrowers for taxes and insurance                                               21                   26
                                                                                         -------------------- -------------------
                Net cash provided by financing activities                                      28,914               21,920
                                                                                         -------------------- -------------------

  Net Change in Cash and Cash Equivalents                                                      17,539                 (174)

  Cash and Cash Equivalents, Beginning of Period                                                5,641                6,382
                                                                                         -------------------- -------------------

  Cash and Cash Equivalents, End of Period                                                  $  23,180            $   6,208
                                                                                         ==================== ===================

  Additional Cash Flows and Supplementary Information
       Interest paid                                                                        $   4,354            $   5,101
       Income tax paid                                                                          1,012                  696


  See notes to consolidated condensed financial statements.
</TABLE>
<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, 2001.  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 nine and three-month  periods ended
September 30, 2002, are not  necessarily  indicative of the results which may be
expected for the entire year. The  consolidated  condensed  balance sheet of the
Corporation  as  of  December  31,  2001  has  been  derived  from  the  audited
consolidated balance sheet of the Corporation as of that date.


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.
<PAGE>
<TABLE>
<CAPTION>

                                              Nine Months Ended                         Nine Months Ended
                                             September 30, 2002                         September 30, 2001
                                             ------------------                         ------------------
                                                  Weighted         Per                        Weighted        Per
                                                   Average        Share                        Average       Share
                                      Income       Shares         Amount       Income          Shares        Amount
                                      ------       ------         ------       ------          ------        ------
                                                            (In Thousands, Except Share Amounts)
     Basic earnings per share
       Income available to
<S>                                     <C>          <C>             <C>                <C>         <C>             <C>
       common shareholders              $ 1,944      777,042         $ 2.50             $ 1,404     798,923         $ 1.76
                                                                 ===========                                    ===========

     Effect of dilutive RRP
     awards and stock options                         31,738                                         16,701
                                   ------------- ---------------                ---------------- --------------
     Diluted earnings per share
     Income available to  common
     shareholders and assumed
     conversions                        $ 1,944      808,780         $ 2.40             $ 1,404     815,624         $ 1.72
                                   ============= =============== ===========    ================ ============== ===========



                                             Three Months Ended                         Three Months Ended
                                             September 30, 2002                         September 30, 2001
                                             ------------------                         ------------------
                                                  Weighted         Per                        Weighted        Per
                                                   Average        Share                        Average       Share
                                      Income       Shares         Amount       Income          Shares        Amount
                                      ------       ------         ------       ------          ------        ------
                                                            (In Thousands, Except Share Amounts)
     Basic earnings per share
       Income available to
       common shareholders                $ 682      780,124          $ .87               $ 530     778,635          $ .68
                                                                 ===========                                    ===========

     Effect of dilutive RRP
     awards and stock options                         32,868                                         24,116
                                   ------------- ---------------                ---------------- --------------
     Diluted earnings per share
     Income available to  common
     shareholders and assumed
     conversions                          $ 682      812,992          $ .84               $ 530     802,751          $ .66
                                   ============= =============== ===========    ================ ============== ===========
</TABLE>

Note 4: Reclassifications

Certain  reclassifications  have  been made to the 2001  consolidated  financial
statements to conform to the September 30, 2002 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
placeas 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.


Critical Accounting Policies

The notes to the consolidated financial statements contain a summary of the
Company's significant accounting policies presented on pages 27 through 29 of
the Annual Report to Shareholders for the year ended December 31, 2001. Certain
of these policies are important to the portrayal of the Company's financial
condition, since they require management to make difficult, complex or
subjective judgments, some of which may relate to matters that are inherently
uncertain. Management believes that its critical accounting policies include
determining the allowance for loan losses and the valuation of mortgage
servicing rights.


Allowance for loan losses

The allowance for loan losses is a significant estimate that can and does change
based on management's  assumptions about specific  borrowers and current general
economic and business  conditions,  among other factors.  Management reviews the
adequacy of the  allowance  for loan losses on at least a quarterly  basis.  The
evaluation by management includes consideration of past loss experience, changes
in the  composition of the loan portfolio,  the current  condition and amount of
loans  outstanding,  identified  problem loans and the probability of collecting
all amounts due.

The  determination  of the adequacy of the allowance for loan losses is based on
estimates  that are  particularly  susceptible  to  significant  changes  in the
economic  environment and market conditions.  A worsening or protracted economic
decline would  increase the  likelihood  of additional  losses due to credit and
market risk and could create the need for additional loss reserves.


Valuation of Mortgage Servicing Rights

The Company  recognizes the rights to service  mortgage loans as separate assets
in the  consolidated  balance  sheet.  The  total  cost of  loans  when  sold is
allocated between loans and mortgage servicing rights based on the relative fair
values of each. Mortgage servicing rights are subsequently  carried at the lower
of the  initial  carrying  value,  adjusted  for  amortization,  or fair  value.
Mortgage  servicing  rights are evaluated for impairment based on the fair value
of those  rights.  Factors  included  in the  calculation  of fair  value of the
mortgage  servicing  rights include,  estimating the present value of future net
cash flows,  market loan  prepayment  speeds for similar loans,  discount rates,
servicing costs, and other economic factors. Servicing rights are amortized over
the estimated period of net servicing revenue.  It is likely that these economic
factors will change over the life of the mortgage servicing rights, resulting in
different  valuations of the mortgage servicing rights. The differing valuations
will  affect  the  carrying  value  of  the  mortgage  servicing  rights  on the
consolidated balance sheet as well as the income recorded from loan servicing in
the income statement.  As of September 30, 2002 and December 31, 2001,  mortgage
servicing rights had carrying values of $572,000 and $540,000, respectively.


Financial Condition

At September 30, 2002,  the  Corporation's  assets totaled  $223.2  million,  an
increase of $31.6  million,  or 16.5 % from  December 31, 2001.  The increase in
assets resulted  primarily from an increase in net loans  receivable,  including
loans held for sale,  of $7.2  million  and an increase  of  approximately  $5.4
million in  investments,  which was funded by an  increase  in deposits of $15.8
million and an increase in borrowed funds of $13.5 million. Liquid assets (i.e.,
cash and cash equivalents) increased by $17.6 million from December 31, 2001, to
a total of $23.2 million at September 30, 2002.

The Corporation's consolidated allowance for loan losses totaled $2.0 million on
both December 31, 2001 and September 30, 2002, which  represented 1.2 % of total
loans at both dates.  Non-performing  loans (defined as loans delinquent greater
than 90 days and loans on non-accrual status) totaled $690,000 and $1,013,000 at
December 31, 2001 and  September  30, 2002,  respectively.  Although  management
believes that its allowance for loan losses at September 30, 2002,  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  $161.4  million at September  30, 2002,  an increase of $15.8
million,  or 10.9 %, compared to total deposits at December 31, 2001. The growth
for the  nine-month  period  resulted  from  the  marketing  and  interest  rate
strategies.

Advances  from the Federal Home Loan Bank totaled  $25.0 million at December 31,
2001,  and $40.0 million on September 30, 2002. The average cost of Federal Home
Loan Bank  advances at September 30, 2002 was 4.87 %, slightly up from 4.54 % at
December  31,  2001,  and $10  million  in ten year  advances  were added to the
portfolio at the beginning of the third quarter of 2002,  which should result in
future long-term benefits for the Corporation.

Shareholders' equity totaled $20.0 million at September 30, 2002, an increase of
$2.0 million,  or 11.1 % from $18.0  million at December 31, 2001.  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 September 30, 2002, the Bank's regulatory  capital exceeded all
applicable regulatory capital requirements.


Comparison of Operating Results for the Nine Months Ended September 30, 2002 and
2001

General

The  Corporation's  net income for the nine months  ended  September  30,  2002,
totaled  $1.9  million,  an increase of $540,000 or 38.5 % from the $1.4 million
reported for the period ended  September 30, 2001. The increase in income in the
2002 period was primarily  attributable to an increase in net interest income of
$648,000 and an increase in other income of  $1,004,000.  These  increases  were
partially offset by an increase in the provision for loan losses of $100,000 and
an increase in other expenses of $619,000.


Net Interest Income

Total interest  income for the nine months ended  September 30, 2002 amounted to
$9.5 million,  a decrease of $265,000,  or 2.7 %, below the comparable period in
2001, reflecting the effects of an increase in average  interest-earning  assets
outstanding but also a decrease in the average loan rate of  approximately  0.68
%.

Interest expense on deposits decreased by $1.3 million, or 30.3 %, to a total of
$3.1 million for the nine months ended  September  30, 2002,  due primarily to a
decrease in the average rate paid on deposits outstanding year-to-year. Interest
expense on borrowings  totaled $1.1 million for the nine months ended  September
30, 2002,  an increase of $425,000,  from the  comparable  period in 2001.  This
increase resulted primarily from an increase in average borrowings year-to-year.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income increased by $648,000,  or 13.8 %, for the nine months ended
September 30, 2002, as compared to the same period in 2001.


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  payment,  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 $410,000 provision for losses
on loans for the nine months ended September 30, 2002,  compared to the $310,000
amount recorded in the 2001 period.  The 2002 provision amount was predicated on
the  increase in the balance of the loan  portfolio,  coupled  with the level of
delinquent loans year-to-year.  While management believes that the allowance for
losses on loans is adequate at  September  30,  2002,  based upon the  available
facts and circumstances,  there can be no assurance that the loan loss allowance
will be adequate to cover losses on non-performing assets in the future.


Other Income

Other income  increased by $1.0 million,  during the nine months ended September
30, 2002, as compared to the same period in 2001. The increase was due primarily
to the fact  that the gain on sale of loans  increased  by  $269,000,  a sale of
premises added  $350,000 and service fees and charges  increased  $328,000.  The
Bank sold loans of  approximately  $43.0  million  during the nine months  ended
September 30, 2002.  This increase in loans sold is the result of mortgage rates
being  at a  forty-year  low and the  ability  of the  personnel  of the Bank to
generate a large volume of loans.


Other Expense

Other  expense  increased by  $619,000,  or 19.4 %, during the nine months ended
September 30, 2002, as compared to the same period in 2001. 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 $1.3 million for the nine months ended
September 30, 2002, an increase of $393,000,  or 44.6 %, as compared to the same
period  in 2001.  The  effective  tax  rates  were 39.6 % and 38.6% for the nine
months ended September 30, 2002 and 2001, respectively.


Comparison  of Operating  Results for the Three Months Ended  September 30, 2002
and 2001

General

The  Corporation's  net income for the three  months ended  September  30, 2002,
totaled  $682,000,  an increase of $152,000,  or 28.7 % from the $530,000 of net
income reported in the comparable  2001 period.  The increase in earnings in the
2002 period was primarily  attributable to an increase in net interest income of
$157,000 and an increase in other  income of $458,000,  offset by an increase in
other expenses of $311,000.


Net Interest Income

Total interest  income for the three months ended September 30, 2002 amounted to
$3.2 million,  a decrease of $89,000,  or 2.7%,  from the comparable  quarter in
2001, reflecting the effects of an increase in average  interest-earning  assets
outstanding, coupled with a decrease in the yield year-to-year.  Interest income
on loans  totaled $3.0 million for the three months ended  September 30, 2002, a
decrease of $175,000, or 5.6 %, from the comparable 2001 quarter.

Interest  expense on deposits  decreased by  $430,000,  or 30.3 %, to a total of
$991,000 for the quarter ended  September 30, 2002,  due primarily to a decrease
in the average  rate of deposits  outstanding.  Interest  expense on  borrowings
totaled  $415,000 for the three months ended  September 30, 2002, an increase of
$184,000 over the  comparable  quarter in 2001.  This increase  resulted from an
increase in average borrowings outstanding from year-to-year.

As a result of the foregoing  changes in interest  income and interest  expense,
net interest income increased by $157,000,  or 9.4 %, for the three months ended
September 30, 2002, as compared to the same quarter in 2001.


Provision for Losses on Loans

A  provision  for  losses on loans is  charged  to  earnings  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 $150,000 provision for losses
on loan for the three months ended September 30, 2002,  compared to the $110,000
recorded in the 2001 period.  While  management  believes that the allowance for
losses on loans is adequate at  September  30,  2002,  based upon the  available
facts and circumstances,  there can be no assurance that the loan loss allowance
will be adequate to cover losses on non-performing assets in the future.


Other Income

Other income  increased by $458,000,  for the three months ended  September  30,
2002,  as  compared  to the same  period in 2001,  due  primarily  to a $336,000
increase in gains on sale of loans.  The Bank sold loans totaling  approximately
$26.5 million during the third quarter of 2002.


Other Expense

Other expenses  increased by $311,000,  or 27.6 %, during the three months ended
September  30, 2002,  compared to the same period in 2001.  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  $446,000  for the three months ended
September 30, 2002, an increase of $112,000,  or 33.5 %, as compared to the same
period in 2001. This increase resulted  primarily from an increase in net income
before income taxes of $264,000,  or 30.6 %. The effective tax rates were 39.5 %
and 38.7 % for the three months ended September 30, 2002 and 2001, 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.


Item 3. Controls and Procedures.

Within the 90-day period prior to the filing date of this report,  an evaluation
was carried out under the supervision and with the participation of River Valley
Bancorp's management,  including our President and Vice President of Finance, of
the  effectiveness  of our  disclosure  controls and  procedures  (as defined in
Exchange Act Rules 13a-14(c) and 15d-14(c) under the Securities  Exchange Act of
1934).  Based on their  evaluation,  our President and Vice President of Finance
have concluded that River Valley  Bancorp's  disclosure  controls and procedures
are,  to the best of their  knowledge,  effective  to  ensure  that  information
required  to be  disclosed  by the  company in reports  that it files or submits
under the Exchange Act is recorded,  processed,  summarized and reported  within
the time periods  specified in  Securities  and  Exchange  Commission  rules and
forms.  Subsequent  to the  date of their  evaluation,  our  President  and Vice
President of Finance have concluded  that there were no  significant  changes in
the company's  internal  controls or in other  factors that could  significantly
affect its internal  controls,  including any corrective  actions with regard to
significant deficiencies and material weaknesses.


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 Vote of Security Holders.

          None.

Item 5.   Other Information.

          None.

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

          (a)  None
          (b)  No reports on Form 8-K were filed  during the  quarter  September
               30, 2002.
<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:  November 14, 2002             By: /s/ Matthew P. Forrester
                                     -------------------------------------------
                                        Matthew P. Forrester
                                        President and Chief Executive Officer


Date:  November 14, 2002             By: /s/ Larry C. Fouse
                                     -------------------------------------------
                                        Larry C. Fouse
                                        Vice President of Finance





                                  CERTIFICATION


I, Matthew P. Forrester, certify that:

1.   I have  reviewed  this  quarterly  report on Form  10-QSB  of River  Valley
     Bancorp;

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

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

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

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

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

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

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

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

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

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


Date: November 14, 2002
                                          /s/ Matthew P. Forrester
                                          --------------------------------------
                                          Matthew P. Forrester
                                          President and Chief Executive Officer


                                  CERTIFICATION

I, Larry C. Fouse, certify that:

1.   I have  reviewed  this  quarterly  report on Form  10-QSB  of River  Valley
     Bancorp;

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

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

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

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

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

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

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

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

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

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





Dated: November 14, 2002
                                          /s/ Larry C. Fouse
                                          --------------------------------------
                                          Larry C. Fouse
                                          Vice President of Finance



                                  CERTIFICATION

By signing below, each of the undersigned  officers hereby certifies pursuant to
18 U.S.C. ss. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, that, to his or her knowledge,  (i) this report fully complies with the
requirements  of Section 13(a) or 15(d) of the  Securities  Exchange Act of 1934
and (ii) the  information  contained  in this  report  fairly  presents,  in all
material  respects,  the financial  condition and results of operations of River
Valley Bancorp.

Signed this 14 day of November 2002.



/s/ Matthew P. Forrester                  /s/ Larry C. Fouse
-------------------------------------     --------------------------------------
Matthew P. Forrester                      Larry C. Fouse
President and Chief Executive Officer     Vice President of Finance