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): October 25, 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 October 25, 2006, Pamrapo Bancorp, Inc. issued a press release announcing its earnings for the third quarter ended September 30, 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 October 25, 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: October 25, 2006
	By:	/s/ KENNETH D. WALTER
		Kenneth D. Walter
		Vice President, Treasurer and
		Chief Financial Officer

EX-99.1

EXHIBIT 99.1

PAMRAPO BANCORP REPORTS THIRD QUARTER RESULTS

BAYONNE, NJ—(MARKET WIRE)—Oct 25, 2006 — Pamrapo Bancorp, Inc. (NASDAQ:PBCI - News) today reported net income for the third quarter and nine months ended September 30, 2006.

Net income for the third quarter of 2006 amounted to $1.792 million, or $.36 cents per share, as compared with $2.064 million, or $.41 cents per share in the third quarter of 2005.

Net income for the nine months ended September 30, 2006 amounted to $5.124 million, or $1.03 cents per share, as compared with $6.012 million, or $1.21 cents per share for the nine months ended September 30, 2005.

Pamrapo’s book value per share at September 30, 2006 was $12.06.

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

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(In Thousands)

(Unaudited)

	September 30, 2006			December 31, 2005
ASSETS
Cash and amounts due from depository institutions	$	3,049		$	4,409
Interest-bearing deposits in other banks		5,152			4,161
Total cash and cash equivalents		8,201			8,570
Securities available for sale		1,177			3,321
Investment securities held to maturity		9,198			10,287
Mortgage-backed securities held to maturity		146,913			167,009
Loans receivable		458,446			438,250
Premises and equipment		3,840			3,856
Federal Home Loan Bank stock, at cost		6,054			5,954
Interest receivable		3,061			2,809
Other assets		6,411			6,030
Total assets	$	643,301		$	646,086
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	466,513		$	474,003
Advances from Federal Home Loan Bank of New York		108,400			106,400
Other borrowed money		17			47
Advance payments by borrowers for taxes and insurance		3,691			3,688
Other liabilities		4,682			3,332
Total liabilities		583,303			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		63,663			61,972
Accumulated other comprehensive income - Unrealized (losses) gain on securities available for sale		(3	)		285
Treasury stock, at cost; 1,924,458 shares		(22,929	)		(22,868	)
Total stockholders’ equity		59,998			58,616
Total liabilities and stockholders’ equity	$	643,301		$	646,086

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,
	2006		2005		2006		2005
Interest income:
Loans	$	7,411	$	6,755	$	21,559	$	19,760
Mortgage-backed securities		1,760		2,109		5,548		6,659
Investments and other interest-earning assets		334		309		1,040		907
Total interest income		9,505		9,173		28,147		27,326
Interest expense:
Deposits		2,976		2,229		8,168		6,417
Advances and other borrowed money		1,194		944		3,424		2,614
Total interest expense		4,170		3,173		11,592		9,031
Net interest income		5,335		6,000		16,555		18,295
Provision for loan losses		0		5		0		105
Net interest income after provision for loan losses		5,335		5,995		16,555		18,190
Non-interest income:
Fees and service charges		282		327		899		967
Gain on sale of investments		430		0		430		0
Miscellaneous		240		264		768		936
Total non-interest income		952		591		2,097		1,903
Non-interest expenses:
Salaries and employee benefits		1,830		1,775		5,728		5,866
Net occupancy expense of premises		302		283		910		835
Equipment		327		292		967		936
Advertising		112		65		235		169
Professional fees		125		152		460		396
Miscellaneous		715		680		2,149		2,042
Total non-interest expenses		3,411		3,247		10,449		10,244
Income before income taxes		2,876		3,339		8,203		9,849
Income taxes		1,084		1,275		3,079		3,837
Net income	$	1,792	$	2,064	$	5,124	$	6,012
Net income per common shares:
Basic	$	0.36	$	0.41	$	1.03	$	1.21
Diluted	$	0.36	$	0.41	$	1.03	$	1.21
Dividends per common share	$	0.23	$	0.22	$	0.69	$	0.66
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,975		4,976		4,975
Diluted		4,979		4,986		4,980		4,988

CONTACT:

Robert A. Hughes, CPA

Investor Relations

201-339-4600