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 25, 2007

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 25, 2007, Pamrapo Bancorp, Inc. issued a press release announcing its earnings for the first quarter ended March 31, 2007. 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 25, 2007.

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 25, 2007
	By:	/s/ KENNETH D. WALTER
		Kenneth D. Walter Vice President, Treasurer and     Chief Financial Officer

EX-99.1

Exhibit 99.1

PAMRAPO BANCORP, INC. REPORTS FIRST QUARTER RESULTS

BAYONNE, N.J., April 25, 2007 — Pamrapo Bancorp, Inc. (Nasdaq: PBCI) today reported net income for the first quarter March 31, 2007.

Net income for the first quarter of 2007 amounted to $1.225 million, or $.25 cents per share, as compared with $1.812 million, or $.36 cents per share in the first quarter of 2006.

Pamrapo’s book value per share at March 31, 2007 was $11.79.

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.

CONTACT

Robert A. Hughes, CPA

Investor Relations

201-339-4600

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(In Thousands)

	March 31, 2007			December 31, 2006
ASSETS
Cash and amounts due from depository institutions	$	3,683		$	4,557
Interest-bearing deposits in other banks		24,391			8,790
Total cash and cash equivalents		28,074			13,347
Securities available for sale		1,139			1,170
Investment securities held to maturity		9,137			9,168
Mortgage-backed securities held to maturity		135,854			141,053
Loans receivable		448,793			454,859
Premises and equipment		3,688			3,731
Federal Home Loan Bank stock, at cost		5,496			5,721
Interest receivable		3,062			2,894
Other assets		4,648			4,617
Total assets	$	639,891		$	636,560
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits	$	477,768		$	469,941
Advances from Federal Home Loan Bank of New York		96,000			101,000
Advance payments by borrowers for taxes and insurance		3,669			3,654
Other liabilities		3,770			3,397
Total liabilities		581,207			577,992
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 shares outstanding		69			69
Paid-in capital		19,340			19,340
Retained earnings		64,018			63,937
Accumulated other comprehensive income		(1,564	)		(1,599	)
Treasury stock, at cost; 1,924,458 shares		(23,179	)		(23,179	)
Total stockholders' equity		58,684			58,568
Total liabilities and stockholders' equity	$	639,891		$	636,560

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Quarter Ended March 31,
	2007		2006
Interest income:
Loans	$	7,343	$	6,943
Mortgage-backed securities		1,581		1,944
Investments and other interest-earning assets		405		342
Total interest income		9,329		9,229
Interest expense:
Deposits		3,275		2,443
Advances and other borrowed money		1,134		1,082
Total interest expense		4,409		3,525
Net interest income		4,920		5,704
Provision for loan losses		195		0
Net interest income after provision for loan losses		4,725		5,704
Non-interest income:
Fees and service charges		301		315
Miscellaneous		363		246
Total non-interest income		664		561
Non-interest expenses:
Salaries and employee benefits		1,936		1,812
Net occupancy expense of premises		297		300
Equipment		319		342
Advertising		57		63
Professional fees		139		170
Miscellaneous		693		667
Total non-interest expenses		3,441		3,354
Income before income taxes		1,948		2,911
Income taxes		723		1,099
Net income	$	1,225	$	1,812
Net income per common shares:
Basic	$	0.25	$	0.36
Diluted	$	0.25	$	0.36
Dividends per common share	$	0.23	$	0.23
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,975		4,976
Diluted		4,981		4,981

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Quarter Ended March 31,
		2007		2006
		—		—
Interest income:
Loans	$	7,343	$	6,943
Mortgage-backed securities		1,581		1,944
Investments and other interest-earning assets		405		342
		—		—
Total interest income		9,329		9,229
		—		—
Interest expense:
Deposits		3,275		2,443
Advances and other borrowed money		1,134		1,082
		—		—
Total interest expense		4,409		3,525
		—		—
Net interest income		4,920		5,704
Provision for loan losses		195		0
		—		—
Net interest income after provision for loan losses		4,725		5,704
		—		—
Non-interest income:
Fees and service charges		301		315
Miscellaneous		363		246
		—		—
Total non-interest income		664		561
		—		—
Non-interest expenses:
Salaries and employee benefits		1,936		1,812
Net occupancy expense of premises		297		300
Equipment		319		342
Advertising		57		63
Professional fees		139		170
Miscellaneous		693		667
		—		—
Total non-interest expenses		3,441		3,354
		—		—
Income before income taxes		1,948		2,911
Income taxes		723		1,099
		—		—
Net income	$	1,225	$	1,812
		=		=
Net income per common shares:
Basic	$	0.25	$	0.36
Diluted	$	0.25	$	0.36
		=		=
Dividends per common share	$	0.23	$	0.23
		=		=
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,975		4,976
Diluted		4,981		4,981
		=		=