Exhibit 11.0

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended September 30, 2003		Nine Months Ended September 30, 2003
Net income	$	1,852,063	$	5,562,763
Weighted average shares outstanding:
Basic		4,974,759		5,083,282
Common stock equivalents due to dilutive effect of outstanding stock options		3,290		1,097
Diluted		4,978,049		5,084,379
Earnings per share:
Basic	$	0.37	$	1.09
Diluted	$	0.37	$	1.09