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)  October 16, 2007
River Valley Bancorp
(Exact Name of Registrant as Specified in Its Charter)
Indiana	000-21765	35-1984567
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
430 Clifty Drive, P.O. Box 1590, Madison, Indiana		47250-0590
(Address of Principal Executive Offices)		(Zip Code)
(812) 273-4949
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instruction A.2. below):

¨ 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 October 16, 2007, River Valley Bancorp issued a press release reporting its results of operations and financial condition for the quarter ended September 30, 2007.

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.

(d)  Exhibits
99.1	Press Release, dated October 16, 2007

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 hereto duly authorized.

Date: October 16, 2007	RIVER VALLEY BANCORP
	By:	/s/ Vickie L. Grimes
		Vickie L. Grimes Vice President of Finance

EXHIBIT INDEX

Exhibit Number	Exhibit Description
99.1	Press Release, dated October 16, 2007

EX-99.1

EXHIBIT 99.1

River Valley Bancorp

Announces Higher Earnings Y/T/D and for

the Quarter Ended September 30, 2007

For Immediate Release

Tuesday, October 16, 2007

Madison, Indiana – October 16, 2007– River Valley Bancorp (NASDAQ Capital Market, Symbol “RIVR”), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank, based in Madison, Indiana announced today earnings for the third quarter ended September 30, 2007. Net income for the quarter was $532,494, or $0.33 expressed as basic earnings per share. Net income for the third quarter ended September 30, 2006 was $472,880, or $0.29 per basic share. The increase in earnings of $59,614, or 12.6%, reflected increased interest margins, higher non-interest income, but partially offset by higher operating expenses and provision for loan losses. The Corporation expensed $196,000 for the provision for loan losses during the third quarter of 2007, an increase of $148,000, over the same period in 2006.

Return on average assets for the quarter ended September 30, 2007 was 0.61% and the return on average equity was 8.59% for the quarter. For the third quarter of 2006, those corresponding returns were 0.57% and 8.00% respectively.

Net income for the nine month period ended September 30, 2007 was $1,622,961, or $1.00 basic share. This represents an increase of $243,992, or a 17.7% increase over the $1,378,969 recorded for the same period ended September 30, 2006. Return on average assets for the nine month period ended September 30, 2007 was 0.63% and the return on average equity was 8.83%. Those respective ratios were 0.56% and 7.88% for the like period in 2006.

Assets totaled $348.0 million as of September 30, 2007, an increase of approximately $14.5 million, from the $333.5 million reported as of September 30, 2006. Net loans, including loans held for sale, were $253.0 million as of September 30, 2007, an increase of $14.8 million from September 30, 2006. Deposits totaled $222.9 million as of September 30, 2007, an increase of $6.1 million from the $216.8 million reported September 30, 2006. September 30, 2007 balances in each of the preceding indicate year to date increases over the balances recorded as of December 31, 2006.

Stockholders’ equity as of September 30, 2007 was $24.9 million, or 7.16 % as expressed as a percentage of assets. Reported book value of River Valley Bancorp stock was $15.28 as of September 30, 2007.

“There has been an inordinate amount of media attention on the “crisis” in the real estate and credit markets. There have been documented failures of dozens of national mortgage brokerage firms, and the credit markets have contracted accordingly. What the media has not covered is the success of community banking in fulfilling its traditional role in housing and addressing the credit needs of its community base. More importantly to this discussion, is the success of this Corporation under circumstances and conditions that others bemoan,” stated Matthew P. Forrester, president of River Valley Bancorp. “While we have added appropriate provision for loan losses during the quarter, our delinquency is well below peer and loan losses are reasonable and recognizable. And what may be the most positive outcome of this

economic malaise is that business is refocused back on “lending specialists”, like River Valley, as opposed to the renegades and the news makers”.

The last reported trade of “RIVR” stock on this date was at $17.75

Selected Financial Information

(Dollar amounts in thousands, except per share amounts)

	3 Months Ended 9-30-2007			9 Months Ended 9-30-2007			9 Months Ended 9-30-2006
Assets				$	348,027		$	333,520
Net Loans, (Including loans held for sale)					253,000			238,165
ALL					2,019			2,296
Deposits					222,917			216,808
Shareholders’ Equity					24,910			23,757
Total Interest Income	$	5,255			15,235			13,901
Total Non Interest Income		724			2,122			1,825
Interest Expense		3,152			9,168			8,056
Non Interest Expense		1,914			5,688			5,481
Provision Loan Losses		196			292			216
Taxes		185			586			594
Net Income		532			1,623			1,379
ROAA		0.61	%		0.63	%		0.56	%
ROAE		8.59	%		8.83	%		7.88	%
Earnings per Basic Share	$	0.33		$	1.00		$	0.86
Diluted Earnings per Share		0.32			0.98		$	0.84

Contact:    Matthew P. Forrester - President, CEO

   River Valley Bancorp

   812-273-4949