8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): April 20, 2005

RIVER VALLEY BANCORP
(Exact Name of Registrant as Specified in Its Charter)

Indiana
(State or Other Jurisdiction
of Incorporation) 000-21765
(Commission File Number) 35-1984567
(IRS Employer
Identification No.)

430 Clifty Drive, P.O. Box 1590, Madison Indiana
(Address of Principal Executive Offices) 47250-0590
(Zip Code)

(812) 273-4949
(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02   Results of Operations and Financial Condition.

        On April 20, 2005, River Valley Bancorp issued a press release reporting its results of operations and financial condition for the first fiscal quarter ended March 31, 2005.

        A copy of the press release is attached as Exhibit 99.1 to this Current Report. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01   Financial Statements and Exhibits.

(c) Exhibits
99.1	Press Release, dated April 20, 2005

SIGNATURES

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

Date: April 25, 2005

RIVER VALLEY BANCORP


By:  /s/ Larry C. Fouse
        ——————————————
         Larry C. Fouse, Treasurer and
         Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Exhibit Description
99.1	Press Release, dated April 20, 2005

EX-99.1

Exhibit 99.1

River Valley Bancorp
Announces Earnings for the Quarter
Ended March 31, 2005

For Immediate Release
Wednesday, April 20, 2005

Madison, Indiana – April 20, 2005– River Valley Bancorp (NASDAQ Small Cap Symbol “RIVR”), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank, based in Madison, Indiana announced today earnings for the first quarter ended March 31, 2005.

Net income for the quarter was $515,251, a decrease of $93,808 or 15.4%, from the $609,059 reported for the quarter ended March 31, 2004. Net income for the quarter ended March 31, 2005 expressed as basic earnings per share was $0.33. For the same period in 2004, basic earnings per share was $0.38. For the quarter ended March 31, 2005, return on average assets was 0.68% and the return on equity was 9.13%.

Assets totaled $301.9 million as of March 31, 2005, an increase of $12.5 million, from year-end December 31, 2004, or a $49.9 million increase from balances reported on March 31, 2004. Net loans, including loans held for sale, were $230.9 million as of March 31, 2005, nearly unchanged from year-end 2004, but an increase of $31.6 million from March 31, 2004. Deposits totaled $177.5 million as of March 31, 2005, an increase of $7.0 million from December 31, 2004, or $9.0 million from the $168.5 million reported March 31, 2004.

“We continue to grow our variable priced loan portfolio. In the short-run it hurts our net interest income and margin, but it affords the prospect of higher profitability and limited exposure to interest rate risks in the longer-term. With the majority of our loan growth secured by real estate, our exposure to an economic downturn is also significantly lessened”, stated Matthew P. Forrester, president of River Valley Bancorp. The CEO further added, “I believe most financial institutions join us in dealing with lower fee income and increased third party professional expenses, but it is the prospect of continued growth that keep us from being mired in those realities and focused on the bigger picture.” 

Equity as of March 31, 2005 was $22.5 million, or 7.5% as expressed as a percentage of assets. Book value per share of River Valley Bancorp stock was $14.20 as of March 31, 2005.

The last reported trade of “RIVR” stock on April 19, 2004 was at $20.99.

Selected Financial Information
(In thousands, unless otherwise noted)

	3 Months Ended 3-31-2005		3 Months Ended 3-31-2004
Assets	$301,851		$251,960
Net Loans, including
Loans held for sale	230,912		199,313
ALL	2,292		2,202
Deposits	177,499		168,502
Shareholders' Equity	22,498		22,549
Total Interest Income	$    3,785		$    3,208
Total Non Interest Income	575		620
Interest Expense	1,793		1,282
Non Interest Expense	1,615		1,468
Provision Loan Losses	72		102
Taxes	365		367
Net Income	515		609
ROAA	0.68	%	0.97	%
ROAE	9.13	%	10.71	%
Earnings per Basic Share	$      0.33		$      0.38
Diluted Earnings per Share	$      0.31		$      0.36

Contact: Matthew P. Forrester - President, CEO
River Valley Bancorp
812-273-4949