form10ka-90721_bcb.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K/A

(Mark One)

T           Annual Report  Pursuant To Section 13 Or 15(D) Of The Securities Exchange Act of 1934
For the fiscal ended December 31, 2007.
or
*           Transition Report Pursuant To Section 13 Or 15(D) Of The Securities Exchange Act of  1934
For the transition period from ______________ to ______________.

Commission file number: 000-50275

BCB BANCORP, INC.
(Exact name of registrant as specified in its charter)

New Jersey
26-0065262
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
   
104-110 Avenue C, Bayonne, New Jersey
07002
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:  (201) 823-0700

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Name of each exchange on which registered
Common Stock, $0.01 par value
The NASDAQ Stock Market, LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
YES *       NO T

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
YES *       NO T
 
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES T       NO *
 
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.      T

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer *
Accelerated filer  *
Non-accelerated filer  *
Smaller reporting company  T
(Do not check if a smaller reporting company)
      

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   YES *     NO T

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant, computed by reference to the last sale price on June 30, 2007, as reported by the Nasdaq Capital Market, was approximately $60.4 million.

As of March 10, 2008, there were issued 5,078,858 shares of the Registrant’s Common Stock.

DOCUMENTS INCORPORATED BY REFERENCE:
 
(1) Proxy Statement for the 2008 Annual Meeting of Stockholders of the Registrant (Part III).
(2) Annual Report to Stockholder (Part II and IV).
 

 
 
 

PLEASE NOTE

This Form 10K-A is being filed as an amendment to our form 10K dated December 31, 2007, and originally filed on March 21, 2008. Through the process of edgarization a portion of the Consolidated Statements of Income, page three of the Company’s audited financial statements was inadvertently deleted. Attached hereto the complete Consolidated Statements of Income may be found.

 
 
 
 
Consolidated Statements of Income

 
Years Ended December 31,
  
 
2007
  
2006
  
2005
  
 
(In Thousands, Except for Per Share Data)
  
Interest Income
Loans, including fees
   $ 24,365     $ 22,770     $ 18,760  
Securities
     8,843       8,046       6,297  
Other interest-earning assets
     1,182       445       71  
                         
Total Interest Income
     34,390       31,261       25,128  

Interest Expense
Deposits:
                  
Demand
     1,006       426       329  
Savings and club
     1,866       2,611       3,958  
Certificates of deposit
     10,109       7,807       3,736  
                         
      12,981       10,844       8,023  
Borrowed money
     4,236       2,633       1,222  
                         
Total Interest Expense
     17,217       13,477       9,245  
                         
Net Interest Income
     17,173       17,784       15,883  
                         
Provision for Loan Losses
     600       625       1,118  
                         
Net Interest Income after Provision for Loan Losses
     16,573       17,159       14,765  

Non-Interest  Income
Fees and service charges
     629       595       541  
Gain on sales of loans originated for sale
     420       635       313  
Gain on sale of real estate owned
     13       -       -  
Gain on sales of securities held to maturity
     -       -       28  
Other
     30       30       33  
                         
Total Non-Interest Income
     1,092       1,260       915  

Non-Interest Expenses
Salaries and employee benefits
     5,699       5,210       4,428  
Occupancy expense of premises
     1,000       900       701  
Equipment
     1,906       1,734       1,581  
Advertising
     326       329       164  
Other
     1,787       1,459       1,332  
                         
Total Non-Interest Expenses
     10,718       9,632       8,206  
                         
Income before Income Taxes
     6,947       8,787       7,474  
                         
Income Taxes
     2,509       3,220       2,745  
                         
Net Income
   $ 4,438     $ 5,567     $ 4,729  

Net Income per Common Share
                  
Basic
   $ 0.92     $ 1.11     $ 1.25  
                         
Diluted
   $ 0.90     $ 1.08     $ 1.20  
                         
Weighted Average Number of Common Shares Outstanding
                        
Basic
     4,818       5,005       3,769  
 
Diluted
     4,943       5,172       3,944  


 
3 
 
 

Signatures

Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this 10K/A report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

 
BCB BANCORP, INC.
     
     
Date:  April 8, 2008
By:
/s/ Donald Mindiak
   
Donald Mindiak
   
President, Chief Executive Officer
   
and Chief Financial Officer
   
(Duly Authorized Representative)

Pursuant to the requirements of the Securities Exchange of 1934, this 10K/A report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signatures
  
Title
Date
       
       
/s/ Donald Mindiak
  
President, Chief Executive
April 8, 2008
Donald Mindiak
  
Officer, Chief Financial Officer
  
   
and Director (Principal Executive Officer)
  
       
/s/ Thomas M. Coughlin
  
Vice President, Chief Operating
April 8, 2008
Thomas M. Coughlin
  
Officer (Principal Accounting
  
   
Officer) and Director
  
       
       
/s/ Mark D. Hogan
  
Chairman of the Board
April 8, 2008
Mark D. Hogan
      
       
       
/s/ Robert Ballance
  
Director
April 8, 2008
Robert Ballance
      
       


 
 
 
 

       
/s/ Judith Q. Bielan
  
Director
April 8, 2008
Judith Q. Bielan
      
       
/s/ Joseph J. Brogan
  
Director
April 8, 2008
Joseph J. Brogan
      
       
       
/s/ James E. Collins
  
Director
April 8, 2008
James E. Collins
      
       
       
/s/ Joseph Lyga
  
Director
April 8, 2008
Joseph Lyga
      
       
       
/s/ Alexander Pasiechnik
  
Director
April 8, 2008
Alexander Pasiechnik
      
       
       
/s/ August Pellegrini, Jr.
  
Director
April 8, 2008
August Pellegrini, Jr.
      
       
       
/s/ Joseph Tagliareni
  
Director
April 8, 2008
Joseph Tagliareni