The group's principal activities are to accept retail deposits from general public and provide mortgage banking services. the services are provided through its subsidiary, pamrapo savings bank, sla. the group offers fixed rate one to four family residential mortgage loans, multi family residential mortgage loans, commercial real estate loans, home equity and second mortgage loans, consumer loans and mortgage backed securities. the group operates through eleven retail banking offices located in bayonne, hoboken, fort lee and brick counties, new jersey. interest and fees on loans accounted for 71% of 2001 revenues; Other interest income, 24% and non-interest income, 5%.