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 26, 2007 (October 26, 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 October 26, 2007, Pamrapo Bancorp, Inc. issued a press release announcing its earnings for the third quarter and nine months ended September 30, 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 October 26, 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: October 26, 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 Third Quarter Results

BAYONNE, NJ—(MARKET WIRE)—Oct 26, 2007 — Pamrapo Bancorp, Inc. (NasdaqGM:PBCI—News) today reported net income for the third quarter and nine months ended September 30, 2007.

Net income for the third quarter of 2007 amounted to $1.145 million, or $0.23 cents per share, as compared with $1.792 million, or $0.36 cents per share, in the third quarter of 2006.

Net income for the nine months ended September 30, 2007 amounted to $3.524 million, or $0.71 cents per share, as compared with $5.124 million, or $1.03 cents per share, for the nine months ended September 30, 2006.

Pamrapo’s book value per share at September 30, 2007 was $11.81.

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)

ASSETS	September 30, 2007			December 31, 2006
Cash and amounts due from depository institutions	$	3,870		$	4,557
Interest-bearing deposits in other banks		22,713			8,790
Total cash and cash equivalents		26,583			13,347
Securities available for sale		1,007			1,170
Investment securities held to maturity		10,409			9,168
Mortgage-backed securities held to maturity		128,611			141,053
Loans receivable		440,821			454,859
Premises and equipment		3,475			3,731
Federal Home Loan Bank stock, at cost		5,131			5,721
Interest receivable		3,012			2,894
Other assets		5,049			4,617
Total assets	$	624,098		$	636,560
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits	$	470,122		$	469,941
Advances from Federal Home Loan Bank of New York		87,000			101,000
Advance payments by borrowers for taxes and insurance		3,452			3,654
Other liabilities		4,754			3,397
Total liabilities		565,328			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		64,027			63,937
Accumulated other comprehensive income		(1,487	)		(1,599	)
Treasury stock, at cost; 1,924,458 shares		(23,179	)		(23,179	)
Total stockholders’ equity		58,770			58,568
Total liabilities and stockholders’ equity	$	624,098		$	636,560

PAMRAPO BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Quarter Ended September 30,				Nine Months Ended September 30,
	2007		2006		2007		2006
Interest income:
Loans	$	7,213	$	7,411	$	21,675	$	21,559
Mortgage-backed securities		1,510		1,760		4,611		5,548
Investments and other interest-earning assets		575		334		1,618		1,040
Total interest income		9,298		9,505		27,904		28,147
Interest expense:
Deposits		3,507		2,976		10,197		8,168
Advances and other borrowed money		1,073		1,194		3,333		3,424
Total interest expense		4,580		4,170		13,530		11,592
Net interest income		4,718		5,335		14,374		16,555
Provision for loan losses		150		0		520		0
Net interest income after provision for loan losses		4,568		5,335		13,854		16,555
Non-interest income:
Fees and service charges		312		282		931		899
Gain on sale of investments		0		430		0		430
Miscellaneous		193		240		882		768
Total non-interest income		505		952		1,813		2,097
Non-interest expenses:
Salaries and employee benefits		1,737		1,830		5,491		5,728
Net occupancy expense of premises		308		302		901		910
Equipment		298		327		950		967
Advertising		62		112		177		235
Professional fees		212		125		549		460
Miscellaneous		640		715		2,017		2,149
Total non-interest expenses		3,257		3,411		10,085		10,449
Income before income taxes		1,816		2,876		5,582		8,203
Income taxes		671		1,084		2,058		3,079
Net income	$	1,145	$	1,792	$	3,524	$	5,124
Net income per common shares:
Basic	$	0.23	$	0.36	$	0.71	:$	1.03
Diluted	$	0.23	$	0.36	$	0.71	$	1.03
Dividends per common share	$	0.23	$	0.23	$	0.69	$	0.69
Weighted average number of common shares and common stock equivalents outstanding:
Basic		4,976		4,976		4,976		4,976
Diluted		4,976		4,979		4,979		4,980

Contact:

CONTACT:

Robert A. Hughes

CPA

Investor Relations

201-339-4600