**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**WASHINGTON,        D.C. 20549**

**FORM        10-Q**

**(MARK        ONE)**

|   | ý | QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE                              |
|--------|--------|-------------------------------------------------------------------------------------------------------|
|   |   | SECURITIES                  EXCHANGE ACT OF 1934                                                      |
|   |   |                                                                                                  |
|   |   | For                  the quarterly period ended March 31, 2007                                        |
|   |   |                                                                                                  |
|   |   | OR                                                                                                    |
|   |   |                                                                                                  |
|   | o      | TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE                             |
|   |   | SECURITIES                  EXCHANGE ACT OF 1934                                                      |
|   |   |                                                                                                  |
|   |   | For                  the transition period from ________________ to                  ________________ |

**RIVER        VALLEY BANCORP**

|   | **Indiana**                                                                     |   | **35-1984567**                                        |
|--------|---------------------------------------------------------------------------------|--------|-------------------------------------------------------|
|   | (State                  or other jurisdiction of incorporation or organization) |   | (I.R.S.                  Employer Identification No.) |
|   |                                                                            |   |                                                  |
|   | **430                  Clifty Drive****Madison,                  Indiana**      |   | **47250**                                             |
|   | (Address                  of principal executive offices)                       |   | (Zip                  Code)                           |

**(812)        273-4949**

**[None]**

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**RIVER        VALLEY BANCORP**

**FORM        10-Q**

**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 | 10                        |
| Item                  3.                       | Quantitative                  and Qualitative Disclosure about Market Risk                                                    | 13                        |
| Item                  4.                       | Controls                  and Procedures                                                                                      | 14                        |
|                                           |                                                                                                                          |
| PART                  II. OTHER INFORMATION    | 15                                                                                                                            |
| Item                  1.                       | Legal                  Proceedings                                                                                            | 15                        |
| Item                  1A.                      | Risk                  Factors                                                                                                 | 15                        |
| Item                  2.                       | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                  | 15                        |
| Item                  3.                       | Defaults                  Upon Senior Securities                                                                              | 15                        |
| Item                  4.                       | Submission                  of Matters to a Vote of Security Holders                                                          | 15                        |
| Item                  5.                       | Other                  Information                                                                                            | 15                        |
| Item                  6.                       | Exhibits                                                                                                                      | 15                        |
| SIGNATURES                                     | 16                                                                                                                            |
| EXHIBIT                  INDEX                 | 17                                                                                                                            |

----

**PART        I FINANCIAL INFORMATION**

**ITEM        1. FINANCIAL STATEMENTS**

**RIVER        VALLEY BANCORP**

|                                                                     |   | March                  31, 2007(Unaudited)            |    | December                  31, 2006 |   |
|--------------------------------------------------------------------------|--------|-------------------------------------------------------|---------|------------------------------------|--------|
|                                                                     |   | (In                  Thousands, Except Share Amounts) |    |
| **Assets**                                                               |   |                                                  |    |                               |   |
| Cash                  and due from banks                                 |   | $                                                     | 4,326   |                               | $      | 6,838 |   |
| Interest-bearing                  demand deposits                        |   |                                                  | 6,900   |                               |   | 4,736 |   |
| Fed                  funds sold                                          |   |                                                  | 578     |                               |   | 234 |   |
| Cash                  and cash equivalents                               |   |                                                  | 11,804  |                               |   | 11,808 |   |
| Investment                  securities available for sale                |   |                                                  | 60,350  |                               |   | 65,150 |   |
| Loans                                                                    |   |                                                  | 245,405 |                               |   | 244,063 |   |
| Allowance                  for loan losses                               |   |                                                  | (2,050  | )                                  |   | (2,176 | ) |
| Net                  loans                                               |   |                                                  | 243,355 |                               |   | 241,887 |   |
| Premises                  and equipment                                  |   |                                                  | 7,799   |                               |   | 7,813 |   |
| Federal                  Home Loan Bank stock                            |   |                                                  | 4,550   |                               |   | 4,400 |   |
| Interest                  receivable                                     |   |                                                  | 2,126   |                               |   | 2,334 |   |
| Cash                  surrender value life insurance                     |   |                                                  | 7,282   |                               |   | 7,222 |   |
| Other                  assets                                            |   |                                                  | 1,575   |                               |   | 1,635 |   |
| Total                  assets                                            |   | $                                                     | 338,841 |                               | $      | 342,249 |   |
|                                                                     |   |                                                  |    |                               |   |  |   |
| **Liabilities**                                                          |   |                                                  |    |                               |   |  |   |
| Deposits                                                                 |   |                                                  |    |                               |   |  |   |
| Non-interest-bearing                                                     |   | $                                                     | 20,340  |                               | $      | 19,340 |   |
| Interest-bearing                                                         |   |                                                  | 197,194 |                               |   | 200,898 |   |
| Total                  deposits                                          |   |                                                  | 217,534 |                               |   | 220,238 |   |
| Borrowings                                                               |   |                                                  | 94,217  |                               |   | 95,217 |   |
| Interest                  payable                                        |   |                                                  | 701     |                               |   | 705 |   |
| Other                  liabilities                                       |   |                                                  | 2,055   |                               |   | 1,942 |   |
| Total                  liabilities                                       |   |                                                  | 314,507 |                               |   | 318,102 |   |
|                                                                     |   |                                                  |    |                               |   |  |   |
| **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 - 1,616,130 and 1,620,431 shares |   |                                                  | 9,022   |                               |   | 9,129 |   |
| Retained                  earnings                                       |   |                                                  | 15,555  |                               |   | 15,346 |   |
| Accumulated                  other comprehensive loss                    |   |                                                  | (243    | )                                  |   | (328 | ) |
| Total                  shareholders’ equity                        |   |                                                  | 24,334  |                               |   | 24,147 |   |
|                                                                     |   |                                                  |    |                               |   |   |   |
| Total                  liabilities and shareholders’ equity        |   | $                                                     | 338,841 |                               | $      | 342,249 |   |

----

**RIVER        VALLEY BANCORP**

|                                                                           |   | Three                  Months EndedMarch                  31, |   |
|--------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                                           |   | 2007                                                          |   | 2006 |   |
| Interest                  Income                                               |   |                                                          |   |   |   |
| Loans                  receivable                                              |   | $                                                             | 4,176  |   | $ | 3,706 |   |
| Investment                  securities                                         |   |                                                          | 659    |   |   | 592 |   |
| Interest-earning                  deposits and other                           |   |                                                          | 123    |   |   | 146 |   |
| Total                  interest income                                         |   |                                                          | 4,958  |   |   | 4,444 |   |
|                                                                           |   |                                                          |   |   |   |   |   |
| Interest                  Expense                                              |   |                                                          |   |   |   |   |   |
| Deposits                                                                       |   |                                                          | 1,859  |   |   | 1,515 |   |
| Borrowings                                                                     |   |                                                          | 1,150  |   |   | 983 |   |
| Total                  interest expense                                        |   |                                                          | 3,009  |   |   | 2,498 |   |
|                                                                           |   |                                                          |   |   |   |   |   |
| Net                  Interest Income                                           |   |                                                          | 1,949  |   |   | 1,946 |   |
| Provision                  for loan losses                                     |   |                                                          | 48     |   |   | 84 |   |
| Net                  Interest Income After Provision for Loan Losses           |   |                                                          | 1,901  |   |   | 1,862 |   |
|                                                                           |   |                                                          |        |   |   |   |   |
| Other                  Income                                                  |   |                                                          |        |   |   |   |   |
| Service                  fees and charges                                      |   |                                                          | 503    |   |   | 475 |   |
| Net                  realized losses on sales of available-for-sale securities |   |                                                          | (22    | ) |   | 0 |   |
| Net                  gains on loan sales                                       |   |                                                          | 28     |   |   | 22 |   |
| Increase                  in cash value of life insurance                      |   |                                                          | 60     |   |   | 46 |   |
| Other                  income                                                  |   |                                                          | 99     |   |   | 29 |   |
|                          Total other income |   |                                                          | 668    |   |   | 572 |   |
|                                                                           |   |                                                          |        |   |   |   |   |
| Other                  Expenses                                                |   |                                                          |        |   |   |   |   |
| Salaries                  and employee benefits                                |   |                                                          | 1,022  |   |   | 985 |   |
| Net                  occupancy and equipment expenses                          |   |                                                          | 286    |   |   | 293 |   |
| Data                  processing fees                                          |   |                                                          | 19     |   |   | 30 |   |
| Advertising                                                                    |   |                                                          | 68     |   |   | 55 |   |
| Legal                  and professional fees                                   |   |                                                          | 95     |   |   | 36 |   |
| Amortization                  of mortgage servicing rights                     |   |                                                          | 81     |   |   | 99 |   |
| Other                  expenses                                                |   |                                                          | 261    |   |   | 352 |   |
| Total                  other expenses                                          |   |                                                          | 1,832  |   |   | 1,850 |   |
|                                                                           |   |                                                          |   |   |   |   |   |
| Income                  Before Income Tax                                      |   |                                                          | 737    |   |   | 584 |   |
| Income                  tax expense                                            |   |                                                          | 204    |   |   | 181 |   |
|                                                                           |   |                                                          |        |   |   |   |   |
| Net                  Income                                                    |   | $                                                             | 533    |   | $ | 403 |   |
|                                                                           |   |                                                          |        |   |   |   |   |
| Basic                  earnings per share                                      |   | $                                                             | .33    |   | $ | .25 |   |
| Diluted                  earnings per share                                    |   |                                                          | .32    |   |   | .25 |   |
| Dividends                  per share                                           |   |                                                          | .20    |   |   | .195 |   |

----

**RIVER        VALLEY BANCORP**

|                                                                                                                                                                           |   | Three                  Months EndedMarch                  31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                                                                                                                                           |   | 2007                                                          |   | 2006 |   |
|                                                                                                                                                                           |   |                                                          |   |   |   |
| Net                  income                                                                                                                                                    |   | $                                                             | 533    |   | $ | 403 |   |
| Other                  comprehensive income, net of tax                                                                                                                        |   |                                                          |   |   |   |   |   |
| Unrealized                  gains on securities available for sale                                                                                                             |   |                                                          |   |   |   |   |   |
| Unrealized                  holding gains (losses) arising during the period, net of tax expense                  (benefit) of $38 and (2).                                    |   |                                                          | 72     |   |   | (88 | ) |
|                                                                                                                                                                           |   |                                                          |   |   |   |   |   |
| Less:                  Reclassification of adjustment for gains (losses) included in net                  income,                  net of tax expense (benefit) of $(9) and $0 |   |                                                          | (13    | ) |   | 0 |   |
|                                                                                                                                                                           |   |                                                          | 85     |   |   | (88 | ) |
| Comprehensive                  income                                                                                                                                          |   | $                                                             | 618    |   | $ | 315 |   |

----

**RIVER        VALLEY BANCORP**

|                                                                                                               |   | Three                  Months EndedMarch                  31, |    |
|--------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|---------|
|                                                                                                               |   | 2007                                                          |    | 2006 |   |
|                                                                                                               |   | (In                  Thousands)                               |    |
| Operating                  Activities                                                                              |   |                                                          |    |   |   |
| Net                  income                                                                                        |   | $                                                             | 533     |   | $ | 403 |   |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities |   |                                                          |    |   |   |   |   |
| Provision                  for loan losses                                                                         |   |                                                          | 48      |   |   | 84 |   |
| Depreciation                  and amortization                                                                     |   |                                                          | 143     |   |   | 159 |   |
| Investment                  securities gains                                                                       |   |                                                          | 22      |   |   | 0 |   |
| Loans                  originated for sale in the secondary market                                                 |   |                                                          | (1,722  | ) |   | (1,082 | ) |
| Proceeds                  from sale of loans in the secondary market                                               |   |                                                          | 1,733   |   |   | 1,091 |   |
| Gain                  on sale of loans                                                                             |   |                                                          | (28     | ) |   | (22 | ) |
| Amortization                  of net loan origination cost                                                         |   |                                                          | 110     |   |   | 39 |   |
| Employee                  Stock Option Plan compensation                                                           |   |                                                          | 44      |   |   | 0 |   |
| Net                  change in:                                                                                    |   |                                                          | 0       |   |   |  |   |
| Interest                  receivable                                                                               |   |                                                          | 208     |   |   | 161 |   |
| Interest                  payable                                                                                  |   |                                                          | (4      | ) |   | 305 |   |
| Other                  adjustments                                                                                 |   |                                                          | (3      | ) |   | (1,182 | ) |
| Net                  cash provided by (used in) operating activities                                               |   |                                                          | 1,084   |   |   | (44 | ) |
|                                                                                                               |   |                                                          |         |   |   |  |   |
| Investing                  Activities                                                                              |   |                                                          |         |   |   |  |   |
| Purchases                  of securities available for sale                                                        |   |                                                          | (1,971  | ) |   | (5,402 | ) |
| Proceeds                  from sale/maturity of securities available for sale                                      |   |                                                          | 6,916   |   |   | 3,005 |   |
| Purchase                  of Federal Home Loan Bank stock                                                          |   |                                                          | (150    | ) |   | 0 |   |
| Net                  change in loans                                                                               |   |                                                          | (1,626  | ) |   | (2,365 | ) |
| Purchases                  of premises and equipment                                                               |   |                                                          | (131    | ) |   | (97 | ) |
| Proceeds                  from sale of foreclosed real estate                                                      |   |                                                          | 0       |   |   | 372 |   |
| Other                  investing activities                                                                        |   |                                                          | 1       |   |   | 0 |   |
| Net                  cash provided by (used in) investing activities                                               |   |                                                          | 3,039   |   |   | (4,487 | ) |
|                                                                                                               |   |                                                          |         |   |   |  |   |
| Financing                  Activities                                                                              |   |                                                          |         |   |   |  |   |
| Net                  change in                                                                                     |   |                                                          |         |   |   |  |   |
| Non-interest                  bearing, interest-bearing demand and savings deposits                                |   |                                                          | (4,705  | ) |   | 11,749 |   |
| Certificates                  of deposit                                                                           |   |                                                          | 2,001   |   |   | (3,240 | ) |
| Short                  term borrowings                                                                             |   |                                                          | 0       |   |   | (14,565 | ) |
| Proceeds                  from borrowings                                                                          |   |                                                          | 12,000  |   |   | 0 |   |
| Repayment                  of borrowings                                                                           |   |                                                          | (13,000 | ) |   | 0 |   |
| Cash                  dividends                                                                                    |   |                                                          | (324    | ) |   | (311 | ) |
| Excess                  tax benefit on stock options exercised                                                     |   |                                                          | 8       |   |   | 32 |   |
| Stock                  options exercised                                                                           |   |                                                          | 22      |   |   | 104 |   |
| Purchase                  of stock                                                                                 |   |                                                          | (183    | ) |   | 0 |   |
|                                                                                                               |   |                                                          |    |   |   |   |   |
| Advances                  by borrowers for taxes and insurance                                                     |   |                                                          | 54      |   |   | 42 |   |
| Net                  cash used in financing activities                                                             |   |                                                          | (4,127  | ) |   | (6,189 | ) |
|                                                                                                               |   |                                                          |    |   |   |   |   |
| Net                  Change in Cash and Cash Equivalents                                                           |   |                                                          | (4      | ) |   | (10,720 | ) |
| Cash                  and Cash Equivalents, Beginning of Period                                                    |   |                                                          | 11,808  |   |   | 17,730 |   |
| Cash                  and Cash Equivalents, End of Period                                                          |   | $                                                             | 11,804  |   | $ | 7,010 |   |
| Additional                  Cash Flows and Supplementary Information                                               |   |                                                          |         |   |   |  |   |
| Interest                  paid                                                                                     |   | $                                                             | 3,013   |   | $ | 2,193 |   |
| Income                  tax paid                                                                                   |   |                                                          | 0       |   |   | 274 |   |

----

**RIVER        VALLEY BANCORP**

**NOTE        1: BASIS OF PRESENTATION**

**NOTE        2: PRINCIPLES OF CONSOLIDATION**

**NOTE        3: EARNINGS PER SHARE**

----

|                                                                             |   | Three                  Months EndedMarch                  31, 2007 |   | Three                  Months EndedMarch                  31, 2006 |   |
|----------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|
|                                                                             |   | Income                                                             |   | Weighted                  Average Shares                           |   | Per                  Share Amount |   | Income |   | Weighted                  Average Shares |   | Per                  Share Amount |   |
|                                                                        |   | (In                  Thousands, Except Share Amounts)              |   |
| Basic                  earnings per share                                        |   |                                                               |   |                                                               |   |   |   |   |   |   |   |   |   |
| Income                  available to common shareholders                         |   | $                                                                  | 533    |                                                               |   | 1,614,802 |   | $ | .33 |   | $ | 403 |   |   | 1,590,550 |   | $ | .25 |   |
|                                                                             |   |                                                               |   |                                                               |   |   |   |   |   |   |   |  |   |   |  |   |   |  |   |
| Effect                  of dilutive RRP awards and stock options                 |   |                                                               |   |                                                               |   | 29,514 |   |   |   |   |   |     |   |   | 47,535 |   |   |  |   |
| Diluted                  earnings per share                                      |   |                                                               |   |                                                               |   |   |   |   |   |   |   |  |   |   |  |   |   |  |   |
| Income                  available to common shareholders and assumed conversions |   | $                                                                  | 533    |                                                               |   | 1,644,316 |   | $ | .32 |   | $ | 403 |   |   | 1,638,085 |   | $ | .25 |   |

**NOTE        4: CHANGE IN ACCOUNTING PRINCIPLE**

*Accounting        for Uncertainty in Income Taxes - an interpretation of FASB Statement No.        109*

----

**NOTE        5: Future Accounting Pronouncements**

*Fair        Value Measurements*

*Accounting        for Purchases of Life Insurance - Determining the Amount That Could Be Realized        in Accordance with FASB Technical Bulletin No. 85−4*

*The        Fair Value Option for Financial Assets and Financial Liabilities—Including an        Amendment of FASB Statement No. 115*

**NOTE        6:**
**RECLASSIFICATIONS**

----

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

**FORWARD        LOOKING STATEMENTS**

**CRITICAL        ACCOUNTING POLICIES**

**ALLOWANCE        FOR LOAN LOSSES**

*Accounting        by Creditors for Impairment of a Loan.*

----

**VALUATION        OF MORTGAGE SERVICING RIGHTS**

**FINANCIAL        CONDITION**

----

**COMPARISON        OF OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND        2006**

**GENERAL**

**NET        INTEREST INCOME**

**PROVISION        FOR LOSSES ON LOANS**

**OTHER        INCOME**

----

**OTHER        EXPENSE**

**INCOME        TAXES**

**OTHER**

**ITEM        3. **
** ** **QUANTITATIVE        AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

|   | Net                  Portfolio Value |   |                      |                                      |                            |   | NPV                  as% of PV of Assets |
|--------|--------------------------------------|--------|---------------------------|-------------------------------------------|---------------------------------|--------|------------------------------------------|
|   | Changes                  In Rates    |   | $                  Amount |                                      | $                  Change  |   |                                     | %Change  |   | NPV                  Ratio |   | Change  |
|   |                                 |   |                      | (Dollars                    in thousands) |                            |   |                                     |   |   |   |   |   |   |   |
|   | +300                                 | bp     |                      | $                                         | 43,156                          |   | $(1,918)                                 |   |   | -4 | % |   | 12.56 | % |   | -15 | bp |
|   | +200                                 | bp     |                      |                                      | 44,200                          |   | (873)                                    |   |   | -2 | % |   | 12.72 | % |   | +1 | bp |
|   | +100                                 | bp     |                      |                                      | 45,280                          |   | 206                                      |   |   | 0 | % |   | 12.88 | % |   | +17 | bp |
|   | 0                                    | bp     |                      |                                      | 45,073                          |   | 0                                        |   |   | 0 |   |   | 12.71 | % |   |   |   |
|   | -100                                 | bp     |                      |                                      | 44,007                          |   | (1,066)                                  |   |   | -2 | % |   | 12.33 | % |   | -38 | bp |
|   | -200                                 | bp     |                      |                                      | 44,123                          |   | (951)                                    |   |   | -2 | % |   | 12.24 | % |   | -47 | bp |

|   | Net                    Portfolio Value |   |                        |                                        |                              |   | NPV                    as% of PV of Assets |
|--------|----------------------------------------|--------|-----------------------------|---------------------------------------------|-----------------------------------|--------|--------------------------------------------|
|   | Changes                    In Rates    |   | $                    Amount |                                        | $                    Change  |   |                                       | %Change  |   | NPV                    Ratio |   | Change  |
|   |                                   |   |                        | (Dollars                      in thousands) |                              |   |                                       |   |   |   |   |   |   |   |
|   | +300                                   | bp     |                        | $                                           | 42,677                            |   | $1,471                                     |   |   | +4 | % |   | 12.92 | % |   | +76 | bp |
|   | +200                                   | bp     |                        |                                        | 42,552                            |   | 1,346                                      |   |   | +3 | % |   | 12.76 | % |   | +60 | bp |
|   | +100                                   | bp     |                        |                                        | 41,998                            |   | 792                                        |   |   | +2 | % |   | 12.49 | % |   | +33 | bp |
|   | 0                                      | bp     |                        |                                        | 41,206                            |   | 0                                          |   |   | 0 |   |   | 12.16 | % |   |   |   |
|   | -100                                   | bp     |                        |                                        | 39,614                            |   | (1,592)                                    |   |   | -4 | % |   | 11.62 | % |   | -54 | bp |
|   | -200                                   | bp     |                        |                                        | 36,914                            |   | (4,292)                                    |   |   | -10 | % |   | 10.79 | % |   | 137 | bp |

----

**ITEM        4. CONTROLS AND PROCEDURES**

----

**PART        II. OTHER INFORMATION**

| Item                  1.  | Legal                  Proceedings.                                                                                                                                                                                                            |
|---------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      | None.                                                                                                                                                                                                                                          |
|                      |                                                                                                                                                                                                                                      |
| Item                  1A. | Risk                  Factors                                                                                                                                                                                                                  |
|                      | There                  have been no material changes with respect to the risk factors                  disclosed                  in the Corporation’s Annual Report on Form 10-K for the year ended                  December 31, 2006. |
|                      |                                                                                                                                                                                                                                           |
| Item                  2.  | Unregistered                  Sales of Equity Securities and Use of                  Proceeds.                                                                                                                                                 |

| **Period**                                            |   | **(a)                  Total number of shares (or units) purchased** |   | **(b)                  Average price paid per share (or unit)** |   | **(c)                  Total number of shares (or units) purchased as part of publicly                  announced                  plans or programs** |   | **(d)                  Maximum number (or approximate dollar value) of shares (or units)                  that may                  yet be purchased under the plans or programs** |
|-------------------------------------------------------|--------|----------------------------------------------------------------------|--------|-----------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| January                  2007 *                       |   | 10,000                                                               |   | $18.265                                                         |   | 0                                                                                                                                                      |   | 0                                                                                                                                                                                  |
| February                  2007                        |   | 0                                                                    |   | 0                                                               |   | 0                                                                                                                                                      |   | 0                                                                                                                                                                                  |
| March                  2007                           |   | 0                                                                    |   | 0                                                               |   | 0                                                                                                                                                      |   | 0                                                                                                                                                                                  |
|                        Total |   | 10,000                                                               |   | $18.265                                                         |   | 0                                                                                                                                                      |   | 0                                                                                                                                                                                  |

| 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.                                                           |

|         | 10(1) | River                  Valley Financial Bank Split Dollar Insurance Plan, effective January                  1,                  2007                                     |
|--------------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         | 10(2) | Supplemental                Life                Insurance Agreement, dated January 25, 2007, between River Valley                Financial Bank and Matthew Forrester     |
|         | 10(3) | Salary                  Continuation Agreement, dated January 25, 2007, between River Valley                  Financial Bank and Matthew Forrester.                       |
|    | 31(1) | CEO                  Certification required by 17 C.F.R. Section                  240.13a-14(a)                                                                           |
|         | 31(2) | CFO                  Certification required by 17 C.F.R. Section                  240.13a-14(a)                                                                           |
|         | 32    | Certification                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002 |

----

**Signatures**

|   |                                | **RIVER                  VALLEY BANCORP** |
|--------|-------------------------------------|-------------------------------------------|
|   |                                |                                      |   |
|   |                                |                                      |   |
|   | Date:                  May 14, 2007 | By:                                       | /s/                  Matthew P. Forrester |
|   |                                |                                      | Matthew                  P. Forrester |
|   |                                |                                      | President                  and Chief Executive Officer |
|   |                                |                                      |   |
|   |                                |                                      |   |
|   | Date:                  May 14, 2007 | By:                                       | /s/                  Vickie L. Grimes |
|   |                                |                                      | Vickie                  L. Grimes |
|   |                                |                                      | Vice                  President of Finance |

----

**EXHIBIT        INDEX**

| **No.** |   | **Description**                                                                                                                                                            |   | **Location**                                                                                                                                             |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                       |   |                                                                                                                                                     |
| 10(1)   |   | River                  Valley Financial Bank Split Dollar Insurance Plan, effective January                  1,                  2007.                                     |   | Incorporated                  by reference to Exhibit 10.1 to the Current Report on Form 8-K                  filed on                  January 31, 2007 |
| 10(2)   |   | Supplemental                Life                Insurance Agreement, dated January 25, 2007, between River Valley                Financial Bank and Matthew Forrester.     |   | Incorporated                  by reference to Exhibit 10.2 to the Current Report on Form 8-K                  filed on                  January 31, 2007 |
| 10(3)   |   | Salary                  Continuation Agreement, dated January 25, 2007, between River Valley                  Financial Bank and Matthew Forrester.                        |   | Incorporated                  by reference to Exhibit 10.3 to the Current Report on Form 8-K                  filed on                  January 31, 2007 |
| 31(1)   |   | CEO                  Certification required by 17 C.F.R. Section 240.13a-14(a)                                                                                             |   | Attached                                                                                                                                                 |
| 31(2)   |   | CFO                  Certification required by 17 C.F.R. Section 240.13a-14(a)                                                                                             |   | Attached                                                                                                                                                 |
| 32      |   | Certification                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002. |   | Attached                                                                                                                                                 |