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): April 26, 2006

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 April 26, 2006, Pamrapo Bancorp, Inc. issued a press release announcing its earnings for the first quarter ended March 31, 2006. 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.

(d) Exhibits.

Exhibit 99.1. Press Release of Pamrapo Bancorp, Inc. dated April 26, 2006.

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: April 26, 2006
	By:	/s/ William J. Campbell
		William J. Campbell,
		President and Chief Executive Officer

EX-99.1

EXHIBIT 99.1

Pamrapo Bancorp Reports First Quarter Results

BAYONNE, NJ—(MARKET WIRE)—Apr 26, 2006 — Pamrapo Bancorp, Inc. (NasdaqNM:PBCI - News) today reported net income for the first quarter March 31, 2006.

Net income for the first quarter of 2006 amounted to $1.812 million, or $.36 cents per share, as compared with $1.983 million, or $.40 cents per share in the first quarter of 2005.

Pamrapo’s book value per share at March 31, 2006 was $11.91.

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)

	March 31,			December 31,
	2006			2005
ASSETS
Cash and amounts due from depository institutions	$	4,671		$	4,409
Interest-bearing deposits in other banks		5,543			4,161
Total cash and cash equivalents		10,214			8,570
Securities available for sale		3,254			3,321
Investment securities held to maturity		10,257			10,287
Mortgage-backed securities held to maturity		160,531			167,009
Loans receivable		443,352			438,250
Premises and equipment		3,812			3,856
Federal Home Loan Bank stock, at cost		5,824			5,954
Interest receivable		2,926			2,809
Other assets		6,504			6,030
Total assets	$	646,674		$	646,086
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	475,597		$	474,003
Advances from Federal Home Loan Bank of New York		103,500			106,400
Other borrowed money		37			47
Advance payments by borrowers for taxes and insurance		3,827			3,688
Other liabilities		4,469			3,332
Total liabilities		587,430			587,470
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 outstanding		69			69
Paid-in capital in excess of par value		19,198			19,158
Retained earnings-substantially restricted		62,640			61,972
Accumulated other comprehensive income - Unrealized gain on securities available for sale		266			285
Treasury stock, at cost; 1,924,458 shares		(22,929	)		(22,868	)
Total stockholders’ equity		59,244			58,616
Total liabilities and stockholders’ equity	$	646,674		$	646,086

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	Quarter Ended March 31,
	2006		2005
Interest income:
Loans	$	6,943	$	6,381
Mortgage-backed securities		1,944		2,329
Investments and other interest-earning assets		342		305
Total interest income		9,229		9,015
Interest expense:
Deposits		2,443		2,069
Advances and other borrowed money		1,082		818
Total interest expense		3,525		2,887
Net interest income		5,704		6,128
Provision for loan losses		0		60
Net interest income after provision for loan losses		5,704		6,068
Non-interest income:
Fees and service charges		315		313
Miscellaneous		246		310
Total non-interest income		561		623
Non-interest expenses:
Salaries and employee benefits		1,812		1,984
Net occupancy expense of premises		300		266
Equipment		342		321
Advertising		63		52
Miscellaneous		837		744
Total non-interest expenses		3,354		3,367
Income before income taxes		2,911		3,324
Income taxes		1,099		1,341
Net income	$	1,812	$	1,983
Net income per common shares:
Basic	$	0.36	$	0.40
Diluted	$	0.36	$	0.40
Dividends per common share	$	0.23	$	0.22
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,975
Diluted		4,981		4,990

Contact:

CONTACT

Robert A. Hughes, CPA

Investor Relations

201-339-4600