8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): July 27, 2005

Pamrapo Bancorp, Inc.

(Exact name of registrant as specified in its charter)

New Jersey	0-18014	22-2984813
(State or other Jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

611 Avenue C, Bayonne, New Jersey	07002
(Address of Principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (201) 339-4600

Not Applicable

(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:

¨ 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.

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition.”

On July 27, 2005, Pamrapo Bancorp, Inc. issued a press release announcing its earnings for the second quarter ended June 30, 2005. The information contained in the press release, which is attached as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.

Not applicable.

(b) Pro forma financial information.

Not applicable.

(c) Exhibits.

Exhibit 99.1.    Press Release of Pamrapo Bancorp, Inc. dated July 27, 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.

	PAMRAPO BANCORP, INC.
Date: July 27, 2005
	By:	/s/ WILLIAM J. CAMPBELL
		William J. Campbell,
		President and Chief Executive Officer

EX-99.1

Pamrapo Bancorp Reports Second Quarter Results

BAYONNE, NJ—(MARKET WIRE)—Jul 27, 2005 — Pamrapo Bancorp, Inc. (NasdaqNM:PBCI – News) today reported net income for the second quarter ended June 30, 2005.

Net income for the second quarter of 2005 amounted to $1.966 million, or 40 cents per share, as compared with $1.965 million, or 40 cents per share in the second quarter of 2004. The basic weighted average number of shares outstanding during the 2005 and 2004 periods were 4.976 million and 4.975 million, respectively.

Net income for the six months ended June 30, 2005 amounted to $3.949 million, or 79 cents per share, as compared with $3.912 million, or 79 cents per share for the same period a year ago. The basic weighted average number of shares outstanding during the 2005 and 2004 periods was 4.975 million and 4.975 million, respectively.

Pamrapo’s book value per share at June 30, 2005 was $11.42.

Pamrapo Bancorp is a holding company whose principal subsidiary, Pamrapo Savings Bank, S.L.A., operates ten branch offices in Bayonne, Fort Lee, Hoboken, and Monroe, New Jersey.

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(In Thousands)

(Unaudited)

ASSETS	June 30, 2005			December 31, 2004
Cash and amounts due from depository institutions	$	3,756		$	5,020
Interest-bearing deposits in other banks		3,798			9,579
Total cash and cash equivalents		7,554			14,599
Securities available for sale		3,419			3,639
Investment securities held to maturity		9,254			9,309
Mortgage-backed securities held to maturity		180,618			200,077
Loans receivable		421,069			395,800
Premises and equipment		3,889			4,018
Federal Home Loan Bank stock, at cost		4,975			5,152
Interest receivable		2,701			2,703
Other assets		5,403			4,602
Total assets	$	638,882		$	639,899
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	481,931		$	489,350
Advances from Federal Home Loan Bank of New York		93,000			89,000
Other borrowed money		65			83
Advance payments by borrowers for taxes and insurance		3,301			3,337
Other liabilities		3,766			3,014
Total liabilities		582,063			584,784
Stockholders’ equity:
Common Stock; par value $.01; authorized 25,000,000 shares; 6,900,000 shares issued; 4,975,542 and 4,974,913 shares, respectively, outstanding		69			69
Paid-in capital in excess of par value		19,093			19,042
Retained earnings-substantially restricted		60,147			58,387
Accumulated other comprehensive income—Unrealized gain on securities available for sale		278			315
Treasury stock, at cost; 1,924,458 and 1,925,087 shares, respectively		(22,768	)		(22,698	)
Total stockholders’ equity		56,819			55,115
Total liabilities and stockholders’ equity	$	638,882		$	639,899

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
	2005		2004		2005		2004
Interest income:
Loans	$	6,624	$	6,116	$	13,005	$	12,249
Mortgage-backed securities		2,221		2,553		4,551		5,006
Investments and other interest-earning assets		295		258		599		502
Total interest income		9,140		8,927		18,155		17,757
Interest expense:
Deposits		2,120		2,005		4,189		4,029
Advances and other borrowed money		852		782		1,670		1,581
Total interest expense		2,972		2,787		5,859		5,610
Net interest income		6,168		6,140		12,296		12,147
Provision for loan losses		40		10		100		20
Net interest income after provision for loan losses		6,128		6,130		12,196		12,127
Non-interest income:
Fees and service charges		327		332		640		653
Miscellaneous		362		321		672		612
Total non-interest income		689		653		1,312		1,265
Non-interest expenses:
Salaries and employee benefits		2,107		1,926		4,091		3,852
Net occupancy expense of premises		286		247		552		495
Equipment		322		315		644		619
Advertising		52		33		105		95
Miscellaneous		863		969		1,605		1,795
Total non-interest expenses		3,630		3,490		6,997		6,856
Income before income taxes		3,187		3,293		6,511		6,536
Income taxes		1,221		1,328		2,562		2,624
Net income	$	1,966	$	1,965	$	3,949	$	3,912
Net income per common shares:
Basic	$	0.40	$	0.40	$	0.79	$	0.79
Diluted	$	0.39	$	0.39	$	0.79	$	0.78
Dividends per common share	$	0.22	$	0.21	$	0.44	$	0.42
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,975		4,975		4,975
Diluted		4,987		4,997		4,988		5,000

Contact:

CONTACT

Robert A. Hughes, CPA

Vice President

201-339-4600