PBCI Pamrapo Bancorp, Inc. featured news, full reports, and detailed charts
Pamrapo Bancorp, Inc. (PBCI) Wrap Up:
Pamrapo Bancorp, Inc. (also referred to as the “Company” or the “Registrant”) was incorporated under Delaware law on June 26, 1989 and changed its state of incorporation from Delaware to New Jersey on March 29, 2001. On November 10, 1989, the Registrant acquired Pamrapo Savings Bank, S.L.A. (the “Bank” or “Pamrapo”) as a part of the Bank’s conversion from a New Jersey chartered savings association in mutual form to a New Jersey chartered stock savings association. The Registrant is a savings and loan holding company and is subject to regulation by the Office of Thrift Supervision (“OTS”), the Federal Deposit Insurance Corporation (“FDIC”) and the Securities and Exchange Commission (“SEC”). Currently, the Registrant does not transact any material business other than through its sole subsidiary, the Bank. Pamrapo was organized in 1887 as Pamrapo Building and Loan Association. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001193125-08-058989.html#FIS_BUSINESS"www.pamrapo.com
87 Employees
Founded in 1886
Pamrapo Bancorp Inc. (PBCI:NASDAQ)
LAST $7.80 USD
CHANGE TODAY +0.29 3.86%
VOLUME 8.4K
As of 3:55 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Pamrapo Bancorp Inc. (PBCI)
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OPEN
$7.65
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PREVIOUS CLOSE
$7.51
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DAY HIGH
$7.90
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DAY LOW
$7.12
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52 WEEK HIGH
06/10/09 - $10.86
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52 WEEK LOW
02/23/09 - $4.72
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MARKET CAP
38.5M
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AVERAGE VOLUME 3 mo
4.3K
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DILUTED EPS TTM
$-0.67
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SHARES OUTSTANDING
4.9M
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EX-DATE
08/27/09
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P/E TTM
NM
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
PBCI Top Compensated Officers
Mr. Kenneth D. Walter
Interim Chief Executive Officer, Interim Pres...
Age: 45
Total Annual Compensation: $161.4K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Pamrapo Bancorp Inc. (PBCI)
Pamrapo Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/30/2009
Pamrapo Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported a net loss of $10,000 compared to net income of $611,000 for the third quarter ended September 30, 2008. Basic and diluted loss per share was $0.00 compared to basic and diluted net income per share of $0.12 for the third quarter ended September 30, 2008. The net loss for the third ended September 30, 2009 totaled $10,000 as compared to net income of $611,000 for the three months ended September 30, 2008. The net loss during the three months ended September 30, 2009, as compared to the same 2008 period, resulted primarily from a $1.0 million decrease in total interest income, a $498,000 increase in the provision for loan losses, and a $273,000 decrease in non-interest income, which were partially offset by an $806,000 decrease in interest expense. Total interest income was $7.7 million compared to $8.7 million for the same period a year ago. Income before income taxes was $1,000 compared to $1.01 million for the same period in 2008. For the nine months ended September 30, 2009, the company reported a net loss of $3.2 million compared to net income of $2.6 million for the nine months ended September 30, 2008. Basic and diluted loss per share was $0.64 compared to basic and diluted net income per share of $0.52 for the nine months ended September 30, 2008. The net loss for the nine months ended September 30, 2009 totaled $3.2 million as compared to net income of $2.6 million for the nine months ended September 30, 2008. The net loss during the nine months ended September 30, 2009, as compared to the same 2008 period, resulted primarily from a $5.8 million increase in total non-interest expenses and a $1.6 million increase in the provision for loan losses. Total interest income was $23.94 million compared to $26.55 million for the same period a year ago. Loss before income taxes was $3.08 million compared to income before income taxes of $4.14 million for the same period in 2008.
Pamrapo Bancorp Inc. Announces Auditors Change
10/2/2009
On October 1, 2009, Beard Miller Company LLP was combined with ParenteBeard, LLC in a transaction pursuant to which Beard Miller combined its operations with ParenteBeard and certain of the professional staff and partners of Beard Miller joined ParenteBeard either as employees or partners of ParenteBeard. On October 1, 2009, Beard Miller resigned as the auditors of the Company and ParenteBeard was engaged as the Pamrapo Bancorp Inc. independent auditor, with the approval of the Audit Committee of the Company's Board of Directors.
Pamrapo Bancorp Inc. and Pamrapo Savings Bank S.L.A. Announce Death of John A. Morecraft, a Board Member
09/3/2009
Pamrapo Bancorp Inc. announced that Mr. John A. Morecraft, a member of the Board of Directors of the company and Pamrapo Savings Bank S.L.A. has died suddenly in Palm Beach Gardens, Florida on August 29, 2009. Morecraft had served as a Director of the company since 1989 and as Vice Chairman of the Board of the Bank since 1987.
PBCI Competitors
| Company | Last | Change |
| Elmira Savings Bank FSB | $15.47 USD | 0.00 |
| Harleysville Savings Bank | $13.59 USD | +0.54 |
| Parke Bancorp Inc | $8.08 USD | -0.64 |
| Rome Bancorp Inc | $8.35 USD | +0.05 |
| TF Financial Corp | $18.92 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PBCI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.0x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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PBCI |
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PBCI transactions
| Type Date |
Target |
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Merger/Acquisition
June 29, 2009 |
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More Recent News About Pamrapo Bancorp, Inc.
More news for PBCI
PAMRAPO BANCORP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for PAMRAPO BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PAMRAPO BANCORP INC 27-Aug-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational ...Click here to read the whole Article (external link)
Pamrapo Bancorp, Inc. Announces Suspension of Dividend
BAYONNE, NJ--(Marketwire - 08/27/09) - Pamrapo Bancorp, Inc. (NASDAQ:PBCI - News) announced that its board of directors has decided to suspend the Company's regular cash dividends on its common stock, including the dividend for the third quarter of 2009, until further notice. Interim President and Chief Executive Officer Kenneth D. Walter stated, "Given the uncertain economic climate, as well as the internal challenges that the Company has been facing, the board of directors and management feel that it is prudent and in the best interest of shareholders to preserve our capital in these difficult economic times." The dividend policy will be regularly assessed by the Company's board of directors and will depend, among other things, on the Company's earnings, obligations and capital resources, and overall market conditions.Pamrapo is a holding company whose principal subsidiary, Pamrapo Savings Bank, S.L.A., operates ten branch offices in Bayonne, Hoboken, Jersey City and Monroe, New Jersey.Forward-Looking StatementsThis press release may include certain forward-looking statements based on current management expectations. The actual results of Pamrapo Bancorp, Inc. (the "Company") could differ materially from those management expectations. Factors that could cause future results to vary from current management expectations include, but are not limited to, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the federal government, changes in tax policies, rates and regulat...Click here to read the whole Article (external link)
PAMRAPO BANCORP INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for PAMRAPO BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PAMRAPO BANCORP INC 3-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes onl...Click here to read the whole Article (external link)
Pamrapo Bancorp suspends dividend to conserve cash
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
PAMRAPO BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for PAMRAPO BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PAMRAPO BANCORP INC 2-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
Pamrapo Bancorp, Inc. Reports Third Quarter Results
BAYONNE, NJ--(Marketwire - 10/30/09) - Pamrapo Bancorp, Inc. (NASDAQ:PBCI - News) announced a net loss of $10,000 for the quarter ended September 30, 2009 compared to net income of $611,000 for the quarter ended September 30, 2008. Basic and diluted loss per share was $0.00 for the three months ended September 30, 2009 as compared to basic and diluted net income per share of $0.12 for the three months ended September 30, 2008. The Company also reported a net loss of $3.2 million for the nine months ended September 30, 2009 as compared to net income of $2.6 million for the nine months ended September 30, 2008. Basic and diluted loss per share was $0.64 for the nine months ended September 30, 2009 as compared to basic and diluted net income per share of $0.52 for the nine months ended September 30, 2008. The net loss for the three months ended September 30, 2009 totaled $10,000 as compared to net income of $611,000 for the three months ended September 30, 2008. The net loss during the three months ended September 30, 2009, as compared to the same 2008 period, resulted primarily from a $1.0 million decrease in total interest income, a $498,000 increase in the provision for loan losses, and a $273,000 decrease in non-interest income, which were partially offset by an $806,000 decrease in interest expense.The net loss for the nine months ended September 30, 2009 totaled $3.2 million as compared to net income of $2.6 million for the nine months ended September 30, 2008. The net loss during the nine months ended September 30, 2009, ...Click here to read the whole Article (external link)
PAMRAPO BANCORP INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue8,019 8,346 9,253 9,358 Cost of Revenue1,951 2,209 2,407 2,519 Gross Profit - 6,138 6,847 6,840 Operating ExpensesResearch Development - - - - Selling General and Administrative4,460 5,225 4,731 4,733 Non Recurring - 3,000 - 92 Others850 850 525 1,050 Total Operating Expenses - - - - Operating Income or Loss - (2,937)1,591 965 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes758 (2,937)1,591 965 Interest Expense757 845 891 919 Income Before Tax0 (3,782)700 46 Income Tax Expense11 (191)262 170 Minority Interest - - - - Net Income From Continuing Ops(10)(3,591)438 (124)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
PAMRAPO BANCORP INC Files SEC form 10-Q, Quarterly Report
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This Form 10-Q may include certain forward-looking statements based on current management expectations. The actual results of the Company could differ materially from those management expectations. Factors that could cause future results to vary from current management expectations include, but are not limited to, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the federal government, changes in tax policies, rates and regulations of federal, state and local tax authorities, changes in interest rates, deposit flows, the cost of funds, demand for loan products, demand for financial services, competition, changes in the quality or composition of loan and investment portfolios of the Bank, changes in accounting principles, policies or guidelines, and other economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices. Pending Merger On June 29, 2009, the Company and BCB Bancorp, Inc., a New Jersey corporation ("BCB"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Pamrapo will merge with and into BCB, with BCB as the surviving corporation. The Bank and BCB Community Bank, a New Jersey-chartered bank and a wholly-owned subsidiary of BCB ("BCB Bank"), will also enter into a subsidiary agreement and plan of merger that provides for the merger of the Bank with and into BCB Bank, with BCB Bank as the surviving institution. Pursuant to the terms of the Merger Agreement, shareholders of Pamrapo will receive 1.0 share of BCB common stock for each share of the Company's common stock. In addition, all outstanding unexercised options to purchase the Company's common stock will be converted into options to purchase BCB common stock. The transaction is expe...Click here to read the whole Article (external link)
PAMRAPO BANCORP INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement. On November 5, 2009, Pamrapo Bancorp, Inc., a New Jersey corporation ("Pamrapo"), and BCB Bancorp, Inc., a New Jersey corporation ("BCB"), entered into a First Amendment to Agreement and Plan of Merger ("Amendment"), which amends the Agreement and Plan of Merger between BCB and Pamrapo (the "Merger Agreement"), dated as of June 29, 2009, pursuant to which Pamrapo will merge with and into BCB, with BCB as the surviving corporation. The parties entered into the Amendment to provide that the required stockholder vote to adopt the Merger Agreement, and the transactions contemplated by the Merger Agreement, pursuant to the New Jersey Business Corporation Act, is the affirmative vote of a majority of the votes cast by the holders of shares of common stock of each of Pamrapo and BCB entitled to vote thereon. The preceding disclosure is qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference. Forward-Looking Statements This Form 8-K contains certain forward-looking statements about the proposed merger of Pamrapo and BCB and the effects of the proposed merger on the companies. These statements speak only as of the date they are made. The companies undertake no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Certain factors that could cause actual results to differ material...Click here to read the whole Article (external link)
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