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, 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

As of May 1, 2002,  there were 810,251 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 Sheets                            3

              Consolidated Condensed Statements of Income                      4

              Consolidated Condensed Statements of Comprehensive Income        5

              Consolidated Condensed Statements  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

PART II.  OTHER INFORMATION

Item 1.   Legal Proceedings                                                   11
Item 2.   Changes in Securities                                               11
Item 3.   Defaults Upon Senior Securities                                     11
Item 4.   Submission of Matters to a Vote of Security Holders                 11
Item 5.   Other Information                                                   11
Item 6.   Exhibits and Reports on Form 8-K                                    11

SIGNATURES                                                                    12




<PAGE>



PART I  FINANCIAL INFORMATION
Item 1.  Financial Statements

                              RIVER VALLEY BANCORP
                      Consolidated Condensed Balance Sheets
<TABLE>
<CAPTION>

                                                                                     March 31,           December 31,
                                                                                        2002                 2001
                                                                                --------------------- --------------------
                                                                                 (In Thousands, Except Share Amounts)
                                                                                    (Unaudited)
  Assets
<S>                                                                                 <C>                      <C>
       Cash and due from banks                                                      $     5,114              $  4,689
       Interest-bearing demand deposits                                                   2,677                   952
                                                                                --------------------- --------------------
           Cash and cash equivalents                                                      7,791                 5,641
       Investment securities available for sale                                          21,417                17,653
       Loans held for sale                                                                  957                 2,638
       Loans                                                                            160,142               157,306
           Allowance for loan losses                                                      2,041                 1,972
                                                                                --------------------- --------------------
                Net Loans                                                               158,101               155,334
       Premises and equipment                                                             5,437                 5,379
       Federal Home Loan Bank stock                                                       1,250                 1,250
       Interest receivable                                                                1,273                 1,475
       Other assets                                                                       2,285                 2,248
                                                                                --------------------- --------------------
                  Total assets                                                       $  198,511             $ 191,618
                                                                                ===================== ====================

  Liabilities
       Deposits
           Noninterest-bearing                                                    $      13,835             $  11,406
           Interest-bearing                                                             139,846               134,165
                                                                                --------------------- --------------------
                Total deposits                                                          153,681               145,571
       Borrowings                                                                        24,850                26,500
       Interest payable                                                                     479                   613
       Other liabilities                                                                  1,170                   963
                                                                                --------------------- --------------------
           Total liabilities                                                            180,180               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 -  810,251 and 809,251 shares
       Additional paid-in capital                                                         7,695                 7,654
       Retained earnings                                                                 11,215                10,802
       Shares acquired by stock benefit plans                                              (507)                 (532)
       Accumulated other comprehensive income (loss)                                        (72)                   47
                                                                                --------------------- --------------------
           Total shareholders' equity                                                    18,331                17,971
                                                                                --------------------- --------------------

           Total liabilities and shareholders' equity                                $  198,511             $ 191,618
                                                                                ===================== ====================

</TABLE>

  See notes to consolidated condensed financial statements.




<PAGE>
                              RIVER VALLEY BANCORP
                   Consolidated Condensed Statements of Income
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                                                  Three Months Ended
                                                                                                       March 31
                                                                                         ------------------ -------------------
                                                                                               2002                2001
                                                                                         ------------------ -------------------
                                                                                         (In Thousands, Except Share Amounts)
Interest Income
<S>                                                                                          <C>                <C>
     Loans receivable                                                                        $  2,878           $  2,964
     Investment securities                                                                        209                128
     Interest-earning deposits and other                                                           36                 81
                                                                                         ------------------ -------------------
         Total interest income                                                                  3,123              3,173
                                                                                         ------------------ -------------------

Interest Expense
     Deposits                                                                                   1,077              1,501
     Borrowings                                                                                   314                203
                                                                                         ------------------ -------------------
         Total interest expense                                                                 1,391              1,704
                                                                                         ------------------ -------------------

Net Interest Income                                                                             1,733              1,469
     Provision for loan losses                                                                    130                 90
                                                                                         ------------------ -------------------
Net Interest Income After Provision for Loan Losses                                             1,603              1,379
                                                                                         ------------------ -------------------

Other Income
     Service fees and charges                                                                     319                206
     Net gains on loan sales                                                                       47                 56
     Other income                                                                                  48                 10
                                                                                         ------------------ -------------------
         Total other income                                                                       414                272
                                                                                         ------------------ -------------------

Other Expenses
     Salaries and employee benefits                                                               562                533
     Net occupancy and equipment expenses                                                         200                141
     Data processing fees                                                                          46                 43
     Advertising                                                                                   41                 39
     Legal and professional fees                                                                    7                 47
     Other expenses                                                                               277                206
                                                                                         ------------------ -------------------
         Total other expenses                                                                   1,133              1,009
                                                                                         ------------------ -------------------

Income Before Income Tax                                                                          884                642
     Income tax expense                                                                           357                247
                                                                                         ------------------ -------------------
Net Income                                                                                    $   527           $    395
                                                                                         ================== ===================


Basic earnings per share                                                                     $    .68             $  .48
Diluted earnings per share                                                                        .66                .48
Dividends per share                                                                               .15                .10
</TABLE>

See notes to consolidated condensed financial statements.

<PAGE>
                              RIVER VALLEY BANCORP
            Consolidated Condensed Statements of Comprehensive Income
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                                         Three Months Ended
                                                                                             March 31,
                                                                                ------------------ ------------------
                                                                                      2002               2001
                                                                                ------------------ ------------------
                                                                                           (In Thousands)

<S>                                                                                      <C>                <C>
  Net income                                                                             $ 527              $ 395
  Other comprehensive income, net of tax
        Unrealized gains (losses) on securities available for sale Unrealized
            holding gains (losses) arising during the
                period, net of tax benefit (expense) of $61 and $(30)                     (119)                45
                                                                                ------------------ ------------------
   Comprehensive income                                                                  $ 408              $ 440
                                                                                ================== ==================

</TABLE>

See notes to consolidated condensed financial statements.


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

                                                                                                 Three Months Ended
                                                                                                      March 31,
                                                                                         -------------------- -------------------
                                                                                               2002                2001
                                                                                         -------------------- -------------------
  Operating Activities                                                                               (In Thousands)

<S>                                                                                             <C>                  <C>
       Net income                                                                               $  527               $  395
       Adjustments  to reconcile  net income to net cash  provided
                (used) by operating activities
         Provision for loan losses                                                                 130                   90
         Depreciation and amortization                                                             127                   86
         Loans originated for sale in the secondary market                                     (11,019)              (3,247)
         Proceeds from sale of loans in the secondary market                                    12,746                3,269
         Gain on sale of loans                                                                     (46)                 (22)
         Amortization of deferred loan origination cost                                             37                   35
         Amortization of expense related to stock benefit plans                                     52                   48
               Capitalized interest on construction                                                                     (14)
         Net change in:
           Interest receivable                                                                     202                  159
           Interest payable                                                                       (134)                 (32)
         Other adjustments                                                                         214                  347
                                                                                         -------------------- -------------------
                Net cash provided  by operating activities                                       2,836                1,114
                                                                                         -------------------- -------------------

  Investing Activities
       Purchases of securities available for sale                                               (3,995)              (4,002)
       Proceeds from maturities of securities available for sale                                    51                   91
        Proceed from sales of securities available for sale                                                           2,000
       Net change in loans                                                                      (2,934)              (6,288)
       Purchases of premises and equipment                                                        (185)                (632)
        Premiums on life insurance                                                                                      (95)
                                                                                         -------------------- -------------------
                Net cash used by investing activities                                            7,063               (8,926)
                                                                                         -------------------- -------------------

  Financing Activities
       Net change in
          Noninterest-bearing, interest-bearing demand and savings deposits                      5,165                 (352)
          Certificates of deposit                                                                2,945                9,396
       Proceeds from borrowings                                                                 25,000               14,000
       Repayment of borrowings                                                                 (26,650)             (14,000)
       Cash dividends                                                                             (114)
       Purchase of stock                                                                                               (223)
       Proceeds from exercise of stock options`                                                     14
       Advances by borrowers for taxes and insurance                                                17                   25
                                                                                         -------------------- -------------------
                Net cash provided  by financing activities                                       6,377                8,846
                                                                                         -------------------- -------------------

  Net Change in Cash and Cash Equivalents                                                        2,150                1,034

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

  Cash and Cash Equivalents, End of Period                                                     $ 7,791              $ 7,416
                                                                                         ==================== ===================

  Additional Cash Flows and Supplementary Information
       Interest paid                                                                           $ 1,525             $  1,736
       Income tax paid                                                                              63                    0
</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, 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 three-month  period ended March 31,
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  condensed  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.


<PAGE>
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, 2002                                March 31, 2001
                                               --------------                                --------------
                                                  Weighted           Per                           Weighted        Per
                                                   Average          Share                           Average       Share
                                   Income          Shares           Amount      Income              Shares        Amount
                                   ------          ------           ------      ------              ------        ------
                                                     (Dollar Amounts in Thousands, Except Share Amounts)
     Basic earnings per share
       Income available to
<S>                                <C>             <C>             <C>           <C>                <C>            <C>
       common shareholders         $ 527           772,650         $ .68         $ 395              818,937        $ .48
                                                                   =====                                           =====

     Effect of dilutive RRP
     awards and stock options                       29,289                                           11,854
                                   ------------------------                      ---------------------------
     Diluted earnings per share

       Income available to
       common shareholders and
       assumed conversions         $ 527           801,939        $ .66          $ 395              830,791        $ .48
                                   =====================================         =======================================
</TABLE>


Note 4: Reclassifications

Certain  reclassifications  have  been made to the 2001  consolidated  condensed
financial statements to conform to the March 31, 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
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, 2002, the Corporation's consolidated assets totaled $198.5 million,
an increase of $6.9 million,  or 3.6%,  from December 31, 2001.  The increase in
assets  resulted  primarily  from an  increase in net loans  receivable  of $2.8
million and an increase of approximately $3.8 million in investments,  which was
funded by an increase in deposits of $8.1 million.

Liquid  assets  (i.e.,  cash and  interest-earning  deposits)  increased by $2.2
million from  December 31, 2001 levels,  to a total of $7.8 million at March 31,
2002.  Investment  securities increased by $3.8 million, or 21.3%, to a total of
$21.4 million at March 31, 2002 due to the increase in deposits.

Net loans  receivable were $158.1 million at March 31, 2002, an increase of $2.8
million, or 1.8%, from $155.3 million at December 31, 2001.

The Corporation's consolidated allowance for loan losses totaled $2.0 million at
both  December 31, 2001 and March 31, 2002,  which  represented  1.25% and 1.27%
respectively of total loans.  Non-performing  loans (defined as loans delinquent
greater  than 90 days and  loans on  nonaccrual  status)  totaled  $690,000  and
$879,000  at  December  31,  2001 and March  31,  2002,  respectively.  Although
management  believes that its  allowance for loan losses at March 31, 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 $153.7 million at March 31, 2002, an increase of $8.1 million,
or 5.6%,  compared to total  deposits at December 31,  2001.  The growth for the
three-month period resulted from the marketing and interest rate strategies.

Advances from the Federal Home Loan Bank totaled $25.0 million and $24.0 million
respectively  at March 31, 2002 and  December  31,  2001.  These  advances are a
readily available source of funding for periods when loan demand exceeds deposit
growth.

Stockholders'  equity  totaled  $18.3  million at March 31, 2002, an increase of
$360,000,  or 2.0%,  from $18.0  million at  December  31,  2001.  The  increase
resulted primarily from the Corporation's net income, offset by cash dividends.

The Bank is required to maintain minimum  regulatory capital pursuant to federal
regulations.  At March 31,  2002,  the Bank's  regulatory  capital  exceeded all
applicable regulatory capital requirements.

Comparison  of  Operating  Results for the Three Months Ended March 31, 2002 and
2001

General

The Corporation's net earnings for the three months ended March 31, 2002 totaled
$527,000,  an increase of $132,000, or 33.4%, from the $395,000 reported for the
quarter  ended March 31,  2001.  The  increase in income for the 2002 period was
primarily  attributable to a increase in net interest income of $264,000,  which
was partially  offset by an increase in the provision for loan losses of $40,000
and an increase in other expenses of $124,000.

Net Interest Income

Total interest income for the three months ended March 31, 2002 amounted to $3.1
million,  a decrease of $50,000,  or 1.6%, from the comparable  quarter in 2001.
This  increase   reflects  an  increase  in  average   interest-earning   assets
outstanding offset by a decrease in the loan yield of .94 %.

Interest expense on deposits decreased by $424,000, or 28.2%, to a total of $1.1
million for the quarter ended March 31, 2002, due primarily to a decrease in the
average  cost of  deposits  offset by an  increase  in the  average  balance  of
deposits  outstanding  year-to-year.  Interest  expense  on  borrowings  totaled
$314,000 for the three months ended March 31, 2002, an increase of $111,000 from
the comparable period in 2001. 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 $264,000 or 18.0%,  for the three months ended
March 31, 2002, as compared to the comparable 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  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 $130,000 provision for losses
on loans for the three  months  ended  March 31,  2002,  compared to the $90,000
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
non-performing loans year-to-year.  While management believes that the allowance
for losses on loans is  adequate  at March 31,  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 loans in the future.

Other Income

Other income  increased by $142,000,  or 52.2%, for the three months ended March
31, 2002, as compared to the same period in 2001, due primarily to the fact that
service  fees and charges  increased  54.9%.  The  increase in service  fees and
charges was a result of both an increase in the number of customer  accounts and
a revised fee structure.

Other Expense

Other  expense  increased by $124,000,  or 12.3%,  during the three months ended
March 31,  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 $357,000 for the three months ended March
31, 2002, a increase of  $110,000,  or 44.5%,  as compared to the same period in
2001.  The effective tax rates  amounted to 40.4% and 38.5% for the three months
ended March 31, 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.


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)  None.

               (b)  No reports on Form 8-K were filed  during the quarter  ended
                    March 31, 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:         May 14, 2002         By: /s/ Matthew P. Forrester
                                       ------------------------------
                                          Matthew P. Forrester
                                          President and Chief Executive Officer

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