U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB



[X]  Quarterly report under Section 13 or 15 (d) of the Securities  Exchange
     Act of 1934

     For the quarterly period ended  September 30, 2000

     Commission file number                 0-23409

                           High Country Bancorp, Inc.
     -----------------------------------------------------------------------
        (Exact Name of Small business Issuer as Specified in Its Charter)

         Colorado                                               84-1438612
--------------------------------                           -------------------
(State of Other Jurisdiction of                              (I.R.S. Employer
Incorporation or Organization)                              Identification No.)

                 7360 West US Highway 50, Salida Colorado 81201
                 ----------------------------------------------
                    (Address of Principal Executive Offices)

                                  719-539-2516
    ------------------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

     Check whether the issuer's:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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      X             No
        -------------         --------------



     State the number of shares  outstanding of each of the issuer's  classes of
common equity, as of the latest practicable date:

     Shares of common stock, $.01 par value outstanding as of September 30, 2000
1,071,225



<PAGE>

                           HIGH COUNTRY BANCORP, INC.

                                    CONTENTS


     PART I - FINANCIAL INFORMATION

         Item 1:  Financial Statements

                  Consolidated Statements of Condition at June 30, 2000
                  and September 30, 2000                                  3

                  Statements of  Consolidated  Income for the Three
                  Months Ended  September 30, 2000 and 1999               4

                  Statements of Consolidated Cash Flows for the Three
                  Months Ended September 30, 2000 and 1999                5

                  Notes to Financial Statements                           6 - 7

         Item 2:  Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                     8 - 10

     PART II - OTHER INFORMATION

         Item 1:  Legal Proceedings                                       11

         Item 2:  Changes in Securities                                   11

         Item 3:  Defaults Upon Senior Securities                         11

         Item 4:  Submission of Matters to a Vote of Security Holders     11

         Item 5:  Other Information                                       11

         Item 6:  Exhibits and Reports on Form 8-K                        11

         Signature                                                        11



                                       2
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                    September 30,        June 30,
                            ASSETS                                                      2000               2000
                                                                                  ------------------------------------

<S>                                                                                     <C>               <C>
Cash and amounts due from banks                                                        $  2,684,494       $ 4,392,623
Interest- bearing deposits at other institutions                                          2,441,405         1,320,918
Mortgage-backed securities, held to maturity                                              2,576,707         2,642,889
Securities held to maturity                                                                 200,000           200,000
Loans receivable - net                                                                  128,364,175       119,897,542
Loans held for sale, lower of cost or market                                                385,325                 -
Federal Home Loan Bank stock, at cost                                                     2,062,000         1,857,000
Accrued interest receivable                                                                 929,851           825,109
Property and equipment, net                                                               6,137,648         6,071,939
Mortgage servicing rights                                                                    21,626            22,361
Prepaid expenses and other assets                                                           629,927           458,530
Deferred income taxes                                                                        76,200            46,300
                                                                                       ------------      ------------

            TOTAL ASSETS                                                               $146,509,358      $137,735,211
                                                                                       ============      ============

                    LIABILITIES AND EQUITY
LIABILITIES
Deposits                                                                               $ 87,555,005      $ 82,770,398
Advances by borrowers for taxes and insurance                                               141,336            11,316
Escrow accounts                                                                           1,323,733         1,833,388
Accounts payable and other liabilities                                                      730,157           762,553
Advances from Federal Home Loan Bank                                                     40,188,333        36,238,333
Accrued income taxes payable                                                                199,094            11,574
                                                                                       ------------      ------------

            TOTAL LIABILITIES                                                           130,137,658       121,627,562
                                                                                       ------------      ------------

Commitments and contingencies

EQUITY
Preferred stock- $.01 par value; authorized 1,000,000
   shares; no shares issued or outstanding                                                        -                 -
Common stock-$.01 par value; authorized 3,000,000 shares;  issued and
   outstanding 1,071,225 shares                                                              10,712            10,712
Paid-in capital                                                                           9,723,796         9,720,159
Retained earnings - substantially restricted                                              7,693,909         7,433,495
Note receivable from ESOP Trust                                                            (732,665)         (732,665)
Deferred MRP stock awards                                                                  (324,052)         (324,052)
                                                                                       ------------      ------------

            TOTAL EQUITY                                                                 16,371,700        16,107,649
                                                                                       ------------      ------------

            TOTAL LIABILITIES AND EQUITY                                               $146,509,358      $137,735,211
                                                                                       ============      ============
</TABLE>

                 SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       3
<PAGE>
                                   HIGH COUNTRY BANCORP, INC.
                               CONSOLIDATED STATEMENTS OF INCOME
                                          (UNAUDITED)
<TABLE>
<CAPTION>
                                                                        Three Months Ended
                                                                          September 30,
                                                                     2000               1999
                                                                 -----------         -----------
<S>                                                              <C>                 <C>
Interest Income
      Interest on loans                                          $ 2,723,299         $ 2,117,243
      Interest on securities held-to-maturity                         47,468              52,561
      Interest on other interest- bearing assets                      48,319              70,435
                                                                 -----------         -----------
                  Total interest income                            2,819,086           2,240,239
                                                                 -----------         -----------
Interest Expense
      Deposits                                                       837,742             702,733
      Federal Home Loan Bank advances                                603,286             335,668
                                                                 -----------         -----------
                  Total interest expense                           1,441,028           1,038,401
                                                                 -----------         -----------
                  Net interest income                              1,378,058           1,201,838

Provision for losses on loans                                         60,000              44,925
                                                                 -----------         -----------
                  Net income after provision
                        for loan losses                            1,318,058           1,156,913
                                                                 -----------         -----------
Noninterest Income
      Service charges on deposits                                     44,110              37,708
      Income from loan sales                                          35,604              60,422
      Title and escrow fees                                           62,595                   -
      Other                                                           69,319              27,145
                                                                 -----------         -----------
                  Total noninterest income                           211,628             125,275
                                                                 -----------         -----------
Noninterest Expense
     Compensation and benefits                                       626,246             531,581
     Occupancy and equipment                                         258,810             162,504
     Insurance and professional fees                                  69,872              53,238
     Other                                                           152,872             118,692
                                                                 -----------         -----------
                  Total noninterest expense                        1,107,800             866,015
                                                                 -----------         -----------
                  Income before income taxes                         421,886             416,173

                  Income tax expense                                 161,472             156,400
                                                                 -----------         -----------
                  Net income                                     $   260,414         $   259,773
                                                                 ===========         ===========
Basic Earnings Per Common Share                                  $      0.26         $      0.22
                                                                 ===========         ===========
Diluted Earnings Per Common Share                                $      0.26         $      0.22
                                                                 ===========         ===========

Weighted Average Common Shares
Outstanding              Basic                                       984,442           1,178,883
                         Diluted                                     984,442           1,178,883
</TABLE>

                 SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       4
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                  Three Months Ended
                                                                                     September 30,
                                                                                  2000            1999
                                                                             ------------    -------------
<S>                                                                          <C>             <C>
Operating Activities
      Net income                                                             $    260,414    $    259,773
      Adjustments to reconcile net income to net cash provided
            by operating activities:
      Amortization of:
            Deferred loan origination fees                                        (33,202)        (36,818)
            Premiums on investments                                                 1,141           2,127
      Compensation expense on Management Recognition Plan                              --           6,188
      Stock dividend received from FHLB                                                --         (21,100)
      ESOP market value expense                                                     3,637           6,172
      Provision for losses on loans                                                60,000          45,000
      Deferred income taxes                                                       (29,900)         (5,600)
      Depreciation                                                                 96,399          45,198
      Income taxes                                                                187,520         132,085
      Net change in miscellaneous assets                                         (275,404)        (76,433)
      Net change in miscellaneous liabilities                                     (32,396)         24,884
                                                                             ------------    ------------
            Net cash provided by operating activities                             238,209         381,476
                                                                             ------------    ------------
Investing Activities
       Net change in interest bearing deposits                                 (1,120,487)        372,729
       Net change in loans receivable                                          (8,878,756)     (3,210,425)
       Principal repayments of mortgage-backed securities-held-to-maturity         65,041         265,178
       Purchase of Federal Home Loan Bank stock                                  (205,000)
       Purchases of property and equipment                                       (162,108)       (349,244)
                                                                             ------------    ------------
            Net cash used by investing activities                             (10,301,310)     (2,921,762)
                                                                             ------------    ------------
Financing Activities
      Net change in deposits                                                    4,784,607       3,658,442
      Net change in escrow funds                                                 (379,635)        125,218
      Purchase of common stock                                                         --        (484,005)
      Proceeds (payment) on FHLB advances                                       3,950,000         (50,000)
                                                                             ------------    ------------
              Net cash provided by financing activities                         8,354,972       3,249,655
                                                                             ------------    ------------
              Net increase (decrease) in cash and cash equivalents             (1,708,129)        709,369

Cash and cash equivalents, beginning                                            4,392,623       2,248,971
                                                                             ------------    ------------
Cash and cash equivalents, ending                                            $  2,684,494    $  2,958,340
                                                                             ============    ============
Supplemental disclosure of cash flow information
Cash paid for:
     Taxes                                                                   $      3,550    $     29,915
     Interest                                                                   1,451,072       1,044,287

</TABLE>

                 SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       5
<PAGE>

                           HIGH COUNTRY BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                               SEPTEMBER 30, 2000

Note 1.  Nature of Business
High Country Bancorp,  Inc. (the "Company") was  incorporated  under the laws of
the State of Colorado for the purpose of becoming the holding  company of Salida
Building  and  Loan  Association  (the  "Association")  in  connection  with the
Association's  conversion  from a federally  chartered  mutual  savings and loan
association  to a  federally  chartered  stock  savings  and  loan  association,
pursuant to its Plan of Conversion.  The Company was organized in August 1997 to
acquire all of the common stock of Salida Building and Loan Association upon its
conversion  to stock form,  which was completed on December 9, 1997. In November
1999,  the  Association  incorporated a new  subsidiary,  High Country Title and
Escrow  Company.  This company is offering  title  insurance and escrow  closing
services  with the  Association's  market area.  In February  2000,  the name of
Salida  Building  and Loan  Association  was changed to High  Country  Bank (the
"Bank").

Note 2.  Basis of Presentation
The accompanying unaudited  consolidated  financial statements,  (except for the
statement of financial  condition at June 30, 2000,  which is audited) have been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and with the  instructions  to Form 10-QSB of Regulation
S-X.  Accordingly,  they do not include  all of the  information  and  footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements.  In the opinion of management all  adjustments  necessary for a fair
presentation of the financial position and results of operations for the periods
presented  have been  included.  The  financial  statements  of the  Company are
presented  on a  consolidated  basis  with those of High  Country  Bank and it's
subsidiary High Country Title and Escrow Company.  The results of operations for
the three months ended September 30, 2000 are not necessarily  indicative of the
results of operations that may be expected for the year ended June 30, 2001. The
preparation  of financial  statements  in  conformity  with  generally  accepted
accounting principles requires management to make estimates and assumptions that
affect the reported  amounts of assets and  liabilities  and the  disclosure  of
contingent  assets and  liabilities as the date of the financial  statements and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.

The  accounting  policies  followed  are as set forth in Note 1. of the Notes to
Financial Statements in the 2000 High Country Bancorp, Inc. financial statements

Note 3.  Regulatory Capital Requirements
At September 30, 2000, the Bank met each of the three current minimum regulatory
capital  requirements.  The following  table  summarizes  the Bank's  regulatory
capital position at September 30, 2000:
<TABLE>
<CAPTION>
Tangible Capital:
<S>                       <C>               <C>
         Actual           $13,383,000       9.11%
         Required           2,203,000       1.50
         Excess           $11,180,000       7.61%

Core Capital:
         Actual           $13,383,000       9.11%
         Required           4,405,000       3.00
         Excess           $ 8,978,000       6.11%

Risk-Based Capital:
         Actual           $14,445,000      13.70%
         Required           8,437,000       8.00
         Excess           $ 6,008,000       5.70%

</TABLE>


                                       6
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                               September 30, 2000

     Tangible  and  core  capital  levels  are  shown as a  percentage  of total
     adjusted  assets;  risk-based  capital  levels are shown as a percentage of
     risk-weighted assets.


     Note 4. Earnings Per Share

     The Company adopted Financial  Accounting Standards Board Statement No. 128
     relating to earnings per share,  effective for the quarter  ended  December
     30, 1997. The statement  requires dual  presentations  of basic and diluted
     earnings  per share on the face of the  income  statement  and  requires  a
     reconciliation   of  the  numerator  and   denominator  of  the  basic  EPS
     computation   to  the  numerator  and   denominator   of  the  diluted  EPS
     computation. Basic EPS excludes dilution and is computed by dividing income
     available to common stockholders by the  weighted-average  number of common
     shares  outstanding  for the period.  Diluted EPS  reflects  the  potential
     dilution that could occur if securities or other  contracts to issue common
     stock were  exercised  or  converted  into common  stock or resulted in the
     issuance of common stock that then shares in the earnings of the entity.




                                       7
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

COMPARISON OF FINANCIAL CONDITION AT JUNE 30, 2000 AND SEPTEMBER 30, 2000

The Company's total assets increased by $8.8 million or 6.4% from $137.7 million
at June 30, 2000 to $146.5 million at September 30, 2000. The increase in assets
was due to loan growth of $8.5 million.

Net loans totaled  $128.4  million at September  30, 2000 and $119.9  million at
June 30, 2000.  The increase in loans  occurred in commercial  real estate loans
which increased $3.1 million,  single family mortgage loans which increased $2.4
million,  single family construction loans which increased $1.6 million and land
loans which increased $1.0 million.  The bank benefited from strong local demand
for purchase financing during the three months ending September 30, 2000.

During the  quarter,  the Bank  continued  the program of ongoing  loan sales of
fixed-rate loans to the Federal Home Loan Mortgage Corporation and for the three
months ended  September 30, 2000 loan sales  totaled $2.2 million.  At September
30, 2000,  loans held for sale were $385,000.  The loans are valued at the lower
of cost or market.

The  allowance  for loan losses  totaled $1.1 million at September  30, 2000 and
$1.0 million at June 30, 2000. As of those dates the non-performing loans in the
Association's portfolio were $709,000 and $533,000,  respectively.  The increase
was due to the addition of one $220,000 loan secured by commercial  real estate.
This loan is also the  largest  non-performing  loan.  The total  non-performing
loans  at  September  30,  2000  include  22  loans  secured  by  single  family
residences,  business equipment and autos. There was $1,000 of loans charged off
and no  recoveries  of  previous  loan  losses  during  the three  months  ended
September 30, 2000. The  determination of the allowance for loan losses is based
on management's  analysis,  performed on a quarterly  basis, of various factors,
including the market value of the underlying collateral,  growth and composition
of the loan  portfolio,  the  relationship  of the  allowance for loan losses to
outstanding loans, historical loss experience, delinquency trends and prevailing
economic conditions.  Although management believes its allowance for loan losses
is adequate,  there can be no assurance that  additional  allowances will not be
required  or that  losses on loans will not be  incurred.  The  Company  has had
minimal losses on loans in prior years. At September 30, 2000 and June 30, 2000,
the ratio of the  allowance  for loan  losses to net loans was 0.82% and  0.84%,
respectively.

At  September   30,  2000,   the   Company's   investment   portfolio   included
mortgage-backed  securities  and local  municipal  bonds  classified as "held to
maturity"  carried at amortized cost of $2.8 million and an estimated fair value
of $2.8 million.  The balance of the Company's investment portfolio at September
30,  2000  consists  of  interest  bearing   deposits  with  various   financial
institutions totaling $2.4 million.

At September 30, 2000 deposits  increased to $87.6 million from $82.8 million at
June 30, 2000 or a net  increase  of 5.8%.  The  increase  was used to fund loan
growth.   Management  is  continually  evaluating  the  investment  alternatives
available  to the  Company's  customers,  and adjusts the pricing on its savings
products to maintain its existing deposits.

Advances from the Federal Home Loan Bank increased to $40.2 million at September
30, 2000 from 36.2 million at June 30, 2000.  The increase was used to fund loan
growth.


                                       8
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

COMPARISON  OF OPERATING  RESULTS FOR THE THREE MONTHS ENDED  SEPTEMBER 30, 2000
AND 1999

Net Income.  The Company's  net income for the three months ended  September 30,
2000 and  September 30 1999 was  $260,000.  Although net income was  essentially
unchanged,  for the three  months ended  September  30, 2000 higher net interest
income and noninterest  income offset higher  compensation and benefits expense,
occupancy expenses and other expenses.

Net Interest  Income.  Net interest  income for the three months ended September
30, 2000 was $1.4  million  compared to $1.2  million for the three months ended
September 30, 1999. The increase is attributed to increased  interest  earned on
interest earning assets due to loan growth less the increase in interest expense
due to the  increase  in interest  bearing  liabilities.  The  average  yield on
interest  earning  assets  increased  from  8.08%  for the  three  months  ended
September 30, 1999 to 8.53% for the three months ended  September 30, 2000.  The
increase  was due to short term loans  repricing  to higher  rates and growth in
loans at higher  average  rates as compared to the loan  portfolio.  The average
cost of interest  bearing  liabilities  also  increased from 4.47% for the three
months ended  September  30, 1999 to 4.92% for the three months ended  September
30, 2000. The increase in costs was due to higher  deposit rates  implemented to
maintain  and attract  deposits and higher  Federal  Home Loan Advance  rates on
maturing short term advances. The interest rate spread was 3.61% for each of the
three months ended September 30, 1999 and 2000.

Allowance  for Loan Losses.  The  provision  for loan losses was $60,000 for the
three  months  ended  September  30,  2000 as  compared to $45,000 for the three
months ended  September 30, 1999.  The increase  reflects the mix of loans being
made and the need to  maintain  an adequate  balance in the  allowance  for loan
losses.

Non-interest Income. Non-interest income was $212,000 for the three months ended
September 30, 2000 as compared to $125,000 for the three months ended  September
30, 1999.  Title and escrow fees from High Country Title and Escrow  Company and
an increase in other loan fees offset a decline in loan sale income.

Non-interest  Expenses.  Non-interest  expenses  were $1.1 million for the three
months  ended  September  30, 2000 as compared to $866,000  for the three months
ended  September  30,  1999.  Increases  occurred  in  compensation  and benefit
expense,  occupancy  expense  and  other  expenses.  The  increases  are tied to
additional employees, the opening of the new home office, High Country Title and
Escrow Company expenses and other expenses due to growth

LIQUIDITY AND CAPITAL RESOURCES

The Company's  primary sources of funds consist of deposits,  repayment of loans
and mortgage-backed  securities,  maturities of investments and interest-bearing
deposits,  and funds provided from  operations.  While  scheduled  repayments of
loans and mortgage-backed securities and maturities of investment securities are
predicable  sources of funds,  deposit  flows and loan  prepayments  are greatly
influenced  by the general  level of interest  rates,  economic  conditions  and
competition.  The  Company  uses its  liquidity  resources  principally  to fund
existing and future loan commitments,  to fund maturing  certificates of deposit
and demand deposit withdrawals,  to invest in other interest-earning  assets, to
maintain  liquidity,  and to meet operating  expenses.  Management believes that
proceeds  from loan  repayments  and other  sources of funds will be adequate to
meet the Company's liquidity needs for the immediate future.

The Bank is required to maintain  minimum  levels of liquid assets as defined by
OTS regulations.  This requirement,  which may be varied at the direction of the
OTS depending upon economic conditions


                                       9
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

and  deposit  flows,  is based upon a  percentage  of  deposits  and  short-term
borrowings.  The required  minimum ratio was 5% until November 24, 1997 when the
requirement was lowered to 4%. The Bank has  historically  maintained a level of
liquid assets in excess of regulatory requirements.  The Bank's liquidity ratios
at September 30, 2000 and 1999 were 5.44% and 5.07%, respectively.

IMPACT OF INFLATION AND CHANGING PRICES

The financial statements and related data presented herein have been prepared in
accordance  with generally  accepted  accounting  principles,  which require the
measurement  of  financial  position  and  results  of  operations  in  terms of
historical dollars without  considering changes in the relative purchasing power
of money over time  because of  inflation.  Unlike  most  industrial  companies,
virtually  all of the assets and  liabilities  of the  Company  are  monetary in
nature.  As a  result,  interest  rates  have a more  significant  impact on the
Company's performance than the effects of general levels of inflation.  Interest
rates do not necessarily  move in same direction or in the same magnitude as the
prices of goods and services.




                                       10
<PAGE>
                           HIGH COUNTRY BANCORP, INC.

                           PART II - OTHER INFORMATION




     ITEM 1:      Legal Proceedings

                  None

     ITEM 2:      Changes in Securities

                  None

     ITEM 3:      Defaults Upon Senior Securities

                  Not Applicable

     ITEM 4:      Submission of Matters to a Vote of Security Holders.

                  None

     ITEM 5:      Other Information

                  On November 8, 2000, the registrant announced the commencement
                  of a stock  repurchase  program  to  acquire  up to 10% of the
                  Company's  outstanding common stock, or approximately  107,123
                  shares over a twelve month period.  For more information,  see
                  the  Company's  press  release,  which is  attached  hereto as
                  Exhibit 2001.1 and is incorporated by reference herein.

     ITEM 6:      Exhibits and Reports on Form 8-K

                  Exhibit 27 - Financial Data Schedule

                  Exhibit 99.1 - Press Release dated November 8, 2000

     SIGNATURE

     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 thereunto duly authorized.

                                          High Country Bancorp, Inc.
                                          Registrant

     Date  November 8, 2000               /s/ Larry D. Smith
           ----------------               --------------------------------------
                                          Larry D. Smith, President



                                       11