Exhibit 99.1

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

Net income for the third quarter of 2005 amounted to $2.06 million, or $.41 cents per share, as compared with $2.09 million, or $.42 cents per share in the third 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 nine months ended September 30, 2005 amounted to $6.012 million, or $1.21 per share, as compared with $6.004 million, or $1.21 per share for the same period a year ago. The basic weighted average number of shares outstanding during the 2005 and 2004 periods were 4.975 million and 4.975 million, respectively.

Pamrapo’s book value per share at September 30, 2005 was $11.62.

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	September 30, 2005			December 31, 2004
Cash and amounts due from depository institutions	$	4,222		$	5,020
Interest-bearing deposits in other banks		11,742			9,579
Total cash and cash equivalents		15,964			14,599
Securities available for sale		3,410			3,639
Investment securities held to maturity		9,226			9,309
Mortgage-backed securities held to maturity;		174,904			200,077
Loans receivable		432,047			395,800
Premises and equipment		3,925			4,018
Federal Home Loan Bank stock, at cost		5,550			5,152
Interest receivable		2,933			2,703
Other assets		5,788			4,602
Total assets	$	653,747		$	639,899
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	476,959		$	489,350
Advances from Federal Home Loan Bank of New York		111,000			89,000
Other borrowed money		56			83
Advance payments by borrowers for taxes and insurance		3,558			3,337
Other liabilities		4,380			3,014
Total liabilities		595,953			584,784
Stockholders’ equity:
Preferred stock; authorized 3,000,000 shares; issued and outstanding-none		—			—
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		61,115			58,387
Accumulated other comprehensive income — Unrealized gain on securities available for sale		285			315
Treasury stock, at cost; 1,924,458 and 1,925,087 shares, respectively		(22,768	)		(22,698	)
Total stockholders’ equity		57,794			55,115
Total liabilities and stockholders’ equity	$	653,747		$	639,899

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2005		2004		2005		2004
Interest income:
Loans	$	6,755	$	6,287	$	19,760	$	18,535
Mortgage-backed securities		2,109		2,618		6,659		7,624
Investments and other interest-earning assets		309		256		907		759
Total interest income		9,173		9,161		27,326		26,918
Interest expense:
Deposits		2,229		2,029		6,417		6,058
Advances and other borrowed money		944		848		2,614		2,429
Total interest expense		3,173		2,877		9,031		8,487
Net interest income		6,000		6,284		18,295		18,431
Provision for loan losses		5		10		105		30
Net interest income after provision for loan losses		5,995		6,274		18,190		18,401
Non-interest income:
Fees and service charges		327		318		967		971
Miscellaneous		264		239		936		851
Total non-interest income		591		557		1,903		1,822
Non-interest expenses:
Salaries and employee benefits		1,775		1,865		5,866		5,718
Net occupancy expense of premises		283		246		835		740
Equipment		292		319		936		938
Advertising		65		27		169		122
Miscellaneous		832		874		2,438		2,669
Total non-interest expenses		3,247		3,331		10,244		10,187
Income before income taxes		3,339		3,500		9,849		10,036
Income taxes		1,275		1,408		3,837		4,032
Net income	$	2,064	$	2,092	$	6,012	$	6,004
Net income per common shares:
Basic	$	0.41	$	0.42	$	1.21	$	1.21
Diluted	$	0.41	$	0.42	$	1.21	$	1.20
Dividends per common share	$	0.22	$	0.21	$	0.66	$	0.63
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,975		4,975		4,975
Diluted		4,986		4,989		4,988		4,996

Contact:

CONTACT:

Robert A. Hughes, CPA

Investor Relations

201-339-4600