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, 2002

     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:  (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 November 1, 2002
905,409
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                                    CONTENTS


PART I - FINANCIAL INFORMATION

  Item 1:     Financial Statements

              Consolidated Statements of Condition at June 30, 2002 and
              September 30, 2002                                          3

              Statements of Consolidated Income for the Three Months
              Ended September 30, 2002 and 2001                           4

              Statements of Consolidated Cash Flows for the Three
              Months Ended September 30, 2002 and 2001                    5

              Notes to Financial Statements                               6 - 7

  Item 2:     Management's Discussion and Analysis or Plan of Operations  8 - 10

  Item 3:     Controls and Procedures                                     11

PART II - OTHER INFORMATION

  Item 1:     Legal Proceedings                                           12

  Item 2:     Changes in Securities and Use of Proceeds                   12

  Item 3:     Defaults Upon Senior Securities                             12

  Item 4:     Submission of Matters to a Vote of Security Holders         12

  Item 5:     Other Information                                           12

  Item 6:     Exhibits and Reports on Form 8-K                            12

  Signatures                                                              13

                                        2
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                              September 30,      June 30,
                            ASSETS                                2002             2002
                                                             ------------------------------
<S>                                                          <C>              <C>
Cash and amounts due from banks                              $   3,711,086    $   2,873,502
Interest- bearing deposits at other institutions                 9,069,963        8,590,443
Mortgage-backed securities, held to maturity                     9,705,754       10,306,936
Securities, held to maturity                                       302,860          303,039
Loans receivable - net                                         143,775,952      143,195,129
Loans held for sale                                              1,267,900          642,000
Federal Home Loan Bank stock, at cost                            2,421,600        2,421,600
Accrued interest receivable                                      1,353,015        1,299,341
Property and equipment, net                                      6,059,415        6,069,688
Mortgage servicing rights                                            4,082            6,788
Prepaid expenses and other assets                                  551,928          693,583
Deferred income taxes                                              216,300          183,100
                                                             -------------    -------------
            TOTAL ASSETS                                     $ 178,439,855    $ 176,585,149
                                                             =============    =============
                    LIABILITIES AND EQUITY
LIABILITIES
Deposits                                                     $ 118,741,554    $ 116,142,046
Advances by borrowers for taxes and insurance                       69,650             --
Escrow accounts                                                     66,933          657,271
Accounts payable and other liabilities                           1,101,972        1,013,064
Advances from Federal Home Loan Bank                            41,591,665       42,641,665
Accrued income taxes payable                                       225,082             --
                                                             -------------    -------------
            TOTAL LIABILITIES                                  161,796,856      160,454,046
                                                             -------------    -------------
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 905,409 (September 30, 2002) and
  (June 30, 2002)                                                    9,054            9,054
Paid-in capital                                                  7,301,273        7,262,469
Retained earnings - substantially restricted                     9,900,169        9,461,842
Note receivable from ESOP Trust                                   (521,065)        (521,065)
Deferred MRP stock awards                                          (46,432)         (81,197)
                                                             -------------    -------------
            TOTAL EQUITY                                        16,642,999       16,131,103
                                                             -------------    -------------
            TOTAL LIABILITIES AND EQUITY                     $ 178,439,855    $ 176,585,149
                                                             =============    =============
</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,
                                                                    2002              2001
                                                               -----------        -----------
<S>                                                            <C>                <C>
Interest Income
      Interest on loans                                        $ 3,031,977        $ 3,105,347
      Interest on securities held-to-maturity                      100,396             35,610
      Interest on other interest- bearing assets                    57,093            138,411
                                                               -----------        -----------
                  Total interest income                          3,189,466          3,279,368
                                                               -----------        -----------
Interest Expense
      Deposits                                                     740,686            985,554
      Federal Home Loan Bank advances                              635,025            672,645
                                                               -----------        -----------
                  Total interest expense                         1,375,711          1,658,199
                                                               -----------        -----------
                  Net interest income                            1,813,755          1,621,169

Provision for losses on loans                                       97,000             60,000
                                                               -----------        -----------
                  Net interest income after provision
                        for loan losses                          1,716,755          1,561,169
                                                               -----------        -----------
Noninterest Income
      Service charges on deposits                                   60,964             62,288
      Loans sold                                                   180,706            182,829
      Title and escrow fees                                         49,610             93,615
      Other                                                        161,441             92,128
                                                               -----------        -----------
                  Total noninterest income                         452,721            430,860
                                                               -----------        -----------
Noninterest Expense
     Compensation and benefits                                     870,505            795,924
     Occupancy and equipment                                       327,812            304,523
     Insurance and professional fees                                94,418             86,449
     Other                                                         163,614            147,551
                                                               -----------        -----------
                  Total noninterest expense                      1,456,349          1,334,447
                                                               -----------        -----------
                  Income before income taxes                       713,127            657,582

                  Income tax expense                               274,800            251,500
                                                               -----------        -----------
                  Net income                                   $   438,327        $   406,082
                                                               ===========        ===========
Basic Earnings Per Common Share                                $      0.51        $      0.42
                                                               ===========        ===========
Diluted Earnings Per Common Share                              $      0.49        $      0.42
                                                               ===========        ===========
Weighted Average Common Shares
Outstanding             Basic                                      858,500            958,142
                        Diluted                                    895,405            976,668
</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,
                                                                                    2002            2001
                                                                                  -----------     -----------
<S>                                                                               <C>             <C>
Operating Activities
      Net income                                                                  $   438,327     $   406,082
      Adjustments to reconcile net income to net cash provided
            by operating activities:
      Amortization of:
            Deferred loan origination fees                                            (47,666)        (44,305)
            Premiums on investments                                                    16,123           1,577
      Loss on disposition of equipment                                                  1,839              --
      Compensation expense on Management Recognition Plan                              48,600              --
      ESOP market value expense                                                        24,969          15,702
      Provision for losses on loans                                                    97,000          60,000
      Deferred income taxes                                                           (33,200)        (17,200)
      Depreciation                                                                    115,243         115,242
      Income taxes                                                                    225,082         281,307
      Net change in miscellaneous assets                                               90,687          (7,529)
      Net change in miscellaneous liabilities                                         158,558          34,007
                                                                                  -----------     -----------

            Net cash provided by operating activities                               1,135,562         844,883
                                                                                  -----------     -----------
Investing Activities
       Net change in interest bearing deposits                                       (479,520)     (7,615,756)
       Net change in loans receivable                                              (1,256,057)        551,229
       Principal repayments of mortgage-backed securities-held-to-maturity            585,238         160,564
       Purchases of property and equipment                                           (106,809)       (161,337)
                                                                                  -----------     -----------
            Net cash used by investing activities                                  (1,257,148)     (7,065,300)
                                                                                  -----------     -----------
Financing Activities
      Net change in deposits                                                        2,599,508       8,823,033
      Net change in escrow funds                                                     (590,338)         (8,862)
      Purchase of common stock                                                             --      (1,705,187)
      Proceeds (payment) on FHLB advances                                          (1,050,000)       (550,000)
                                                                                  -----------     -----------
              Net cash provided by financing activities                               959,170       6,558,984
                                                                                  -----------     -----------

             Net increase (decrease) in cash and cash equivalents                     837,584         338,567

Cash and cash equivalents, beginning                                                2,873,502       2,759,671
                                                                                  -----------     -----------
Cash and cash equivalents, ending                                                 $ 3,711,086     $ 3,098,238
                                                                                  ===========     ===========
Supplemental disclosure of cash flow information
Cash paid for:
     Taxes                                                                                 --              --
     Interest                                                                     $ 1,396,721      $1,672,483

</TABLE>

                 SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                        5
<PAGE>

                           HIGH COUNTRY BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                               SEPTEMBER 30, 2002

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, 2002,  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, 2002 are not necessarily  indicative of the
results of operations that may be expected for the year ended June 30, 2003. 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  2002  High  Country  Bancorp,   Inc.  financial
statements.

Note 3.  Regulatory Capital Requirements
At September 30, 2002, 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, 2002:
<TABLE>
<CAPTION>
Tangible Capital:
         <S>                          <C>                       <C>
         Actual                       $16,529,000               9.26%
         Required                       2,678,000               1.50
         Excess                       $13,851,000               7.76%

Core Capital:
         Actual                       $16,529,000               9.26%
         Required                       5,356,000               3.00
         Excess                       $11,173,000               6.26%

Risk-Based Capital:
         Actual                       $18,091,000              13.90%
         Required                      10,415,000               8.00
         Excess                       $ 7,676,000               5.90%
</TABLE>

                                        6
<PAGE>
                           HIGH COUNTRY BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                               September 30, 2002

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.  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, 2002 AND SEPTEMBER 30, 2002

The Company's total assets increased by $1.8 million or 1.1% from $176.6 million
at June 30, 2002 to $178.4 million at September 30, 2002. The increase in assets
was due to growth in cash and amounts due from banks,  interest-bearing deposits
and loans.

Interest-bearing  deposits increased $500,000 from $8.6 million at June 30, 2002
to $9.1  million at  September  30,  2002.  The  increase  was due to  principal
reductions of mortgage  backed  securities and higher savings  deposits.  In the
upcoming  months,  the  deposits  may be used for  paying  down  FHLB  advances,
seasonal deposit withdrawals, loan demand and other investment purchases.

Mortgage-backed securities classified as "held to maturity" decreased from $10.3
million at June 30, to $9.7 million at September 30, 2002.  The decrease was due
to  principal  payments.  In the  upcoming  months,  the Bank plans to  purchase
additional adjustable-rate and short term mortgage backed securities in order to
improve  investment  yields as compared to  interest-bearing  deposits and lower
interest rate risk. At September 30, 2002,  the securities had an estimated fair
value of $9.6 million.

Net loans  increased $1.2 million from $143.8 million at June 30, 2002 to $145.0
million at September 30, 2002. During the three months ended September 30, 2002,
increases of $900,000 single family mortgage loans and $800,000 in single family
construction  loans  offset a decrease of $600,000  in  commercial  non-mortgage
loans.  Refinancing  activity due to low interest  rates and local  construction
activity have helped single family loan originations.

During the three months ended September 30, 2002, the Bank sold $11.3 million of
fixed-rate loans to the Federal Home Loan Mortgage Corporation. At September 30,
2002,  loans held for sale were $1.3 million.  The loans are valued at the lower
of cost or market.

As of September  30, 2002 and June 30,  2002,  the  non-performing  loans in the
Bank's  portfolio  were  $1.5  and  $1.6  million,   respectively.  The  largest
non-performing  loan totals  $729,000 and is a business  purpose loan secured by
two single family  residences and vacant land. No loss is expected on this loan.
The total  non-performing  loans at September 30, 2002 included 25 loans secured
by commercial  real estate,  single  family  residences,  vacant land,  business
equipment and autos.  During the summer of 2002, the Bank's primary lending area
was  affected  by a major  drought  and nearby  forest  fires  which  negatively
impacted the local tourism  economy,  which could in turn have a negative impact
on the loan  portfolio.  The long  term  impact  of  lower  tourism  on the loan
portfolio is not yet certain.

Except  as  discussed   below,   the  Bank  had  no  loans  not   classified  as
non-performing  or restructured  where known  information  about possible credit
problems of  borrowers  caused  management  to have  serious  concerns as to the
ability of the  borrowers to comply with present  loan  repayment  terms and may
result in  disclosure as  non-performing  or  restructured.  As of September 30,
2002,  the Bank's loan  portfolio  included 10 loans  totaling  $2.2  million to
tourism  related  businesses  which were  included on an internal  watch list as
potential  problem loans. One borrower on 4 of these loans totaling $1.6 million
has  applied  for SBA  disaster  assistance  and  intends to use any  assistance
received  to repay  the  loans.  The other  borrower  on the  remaining  6 loans
totaling   $650,000  is   considering   asset  sales  for   repayment  to  avoid
non-performance.  These loans are secured by equipment, inventory and commercial
real estate.  Although a specific allowance for loss has not been established on
these loans,  management considered the potential risk of loss on these loans in
establishing  the provision for loan losses for the three months ended September
30, 2002.

The  allowance  for loan losses  totaled $1.6 million at September  30, 2002 and
$1.5 million at June 30,

                                        8
<PAGE>

                           HIGH COUNTRY BANCORP, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

2002.  At September  30, 2002 and June 30, 2002,  the ratio of the allowance for
loan  losses to net loans was 1.08% and  1.03%,  respectively.  During the three
months ended  September 30, 2002,  there was $20,000 of loans charged off and no
recoveries of previous loan losses.  The determination of the allowance for loan
losses is based on a review and classification of the Bank's portfolio and other
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.  Particular attention was focused on the Bank's
commercial loan portfolio and any impaired loans.  The Bank believes the current
level of allowance  for loan losses is adequate to provide for  probable  future
losses,  although there are no assurances that probable  future losses,  if any,
will not exceed estimated amounts.

At September 30, 2002  deposits  increased  $2.6 million to $118.7  million from
$116.1 million at June 30, 2002.  Competitive  rates,  seasonal growth and stock
market  uncertainty  fueled the growth.  The increase funded loan growth and the
pay down of Federal Home Loan Bank advances.

Escrow accounts decreased from $657,000 at June 30, 2002 to $67,000 at September
30, 2002.  The  decrease  was due to a change at High  Country  Title and Escrow
Company which limited escrow closing services and the associated accounts.

Advances from the Federal Home Loan Bank decreased to $41.6 million at September
30, 2002 from $42.6  million at June 30, 2002.  Funds from deposits were used to
pay-off maturing advances.


COMPARISON  OF OPERATING  RESULTS FOR THE THREE MONTHS ENDED  SEPTEMBER 30, 2002
AND 2001

Net Income.  The Company's  net income for the three months ended  September 30,
2002 was $438,000  compared to $406,000 for the three months ended September 30,
2001. The increase in net income resulted  primarily from increased net interest
income which offset increased  non-interest expenses of compensation,  occupancy
and other operating expense.

Net Interest  Income.  Net interest  income for the three months ended September
30, 2002 was $1.8  million  compared to $1.6  million for the three months ended
September 30, 2001.  Although both interest  earning assets and interest bearing
liabilities  increased,  the cost of interest bearing liabilities decreased at a
greater rate than the yield on interest  earning  assets.  The average  yield on
interest  earning  assets  decreased  from  8.45%  for the  three  months  ended
September 30, 2001 to 7.63% for the three months ended  September 30, 2002.  The
decrease  due to loans  refinancing  at lower  rates  was  partially  offset  by
reinvestment  since  September  2001 of low  yielding  Federal  Home  Loan  Bank
Overnight Deposits into slightly higher earning mortgage backed securities.  The
average cost of interest  bearing  liabilities also decreased from 4.75% for the
three  months  ended  September  30,  2001 to 3.65% for the three  months  ended
September  30, 2002.  The decrease in costs was due to lower  deposit  rates and
less reliance on higher costing  Federal Home Loan  Advances.  The interest rate
spread  increased  from 3.70% for the three months ended  September  30, 2001 to
3.99% for the three months ended September 30, 2002.

Provision  for Losses on Loans.  The provision for loan loss was $97,000 for the
three  months  ended  September  30,  2002 as  compared to $60,000 for the three
months ended  September 30, 2001.  The increase was the result of provisions for
loans impacted by the drought and auto loan charge offs.

Non-interest Income. Non-interest income was $453,000 for the three months ended
September 30, 2002 as compared to $431,000 for the three months ended  September
30, 2001. Title and escrow fees

                                        9
<PAGE>

                           HIGH COUNTRY BANCORP, INC.
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

declined due to a change at High Country Title and Escrow  Company which limited
escrow closing  services and associated  fees. This decrease in title and escrow
fees was offset by an increase in other  non-interest  income.  The  increase in
other income was primarily due to higher loan origination fees.

Non-interest  Expenses.  Non-interest  expenses  were $1.5 million for the three
months ended September 30, 2002 as compared to $1.3 million for the three months
ended  September  30,  2001.  Increases  occurred  in  compensation  and benefit
expense,  occupancy  expense  and  other  expenses.  The  increases  are tied to
additional employees associated with growth.


LIQUIDITY AND CAPITAL RESOURCES

The  Company's  primary  sources of funds  consist of deposits,  FHLB  advances,
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 fund  maturing FHLB  advances,  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 sufficient liquidity to ensure a safe and sound
operation.  Management  believes  that  the  Bank's  sources  of  liquidity  for
potential uses are adequate under the current regulations.


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.

FORWARD LOOKING STATEMENTS

This report  contains  certain  forward-looking  statements made pursuant to the
safe harbor provisions of the Private Securities  Litigation Reform Act of 1995.
Such statements are subject to certain risks and uncertainties including changes
in economic  conditions  in the  Company's  market area,  changes in policies by
regulatory  agencies,  fluctuations  in  interest  rates,  loan  demand  in  the
Company's market area, and competition that could cause actual results to differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.  The Company wishes to caution readers not to place undue reliance on
any such forward-looking statements, which reflect management's analysis only as
the date made. The Company does not undertake any obligation to publicly  revise
these  forward-looking  statements to reflect events or circumstances that arise
after the date of such statements.

                                       10
<PAGE>

                           HIGH COUNTRY BANCORP, INC.
                             CONTROLS AND PROCEDURES

Item 3.   Controls and Procedures

Within 90 days prior to the date of this  report,  the  Company  carried  out an
evaluation,  under the supervision and with the  participation  of the principal
executive officer and principal  financial officer,  of the effectiveness of the
design and operation of our disclosure  controls and  procedures.  Based on this
evaluation,  the principal  executive  officer and principal  financial  officer
concluded that the Company's disclosure controls and procedures are effective in
timely  alerting  them to  material  information  required to be included in the
Company's periodic SEC reports. It should be noted that the design of any system
of controls is based in part upon certain  assumptions  about the  likelihood of
future  events,  and there can be no  assurance  that any design will succeed in
achieving its stated goals under all potential future conditions,  regardless of
how remote.

In addition,  the Company reviewed its internal controls, and there have been no
significant  changes in the Company's internal controls or in other factors that
could  significantly  affect those controls subsequent to the date of their last
evaluation.

                                       11

<PAGE>

                           HIGH COUNTRY BANCORP, INC.

                           PART II - OTHER INFORMATION


     ITEM 1:      Legal Proceedings

                  None

     ITEM 2:      Changes in Securities and Use of Proceeds

                  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

                  None

     ITEM 6:      Exhibits and Reports on Form 8-K

                  (a)   Exhibits

                  The following exhibit is filed herewith:

                  Exhibit
                  Number       Title
                  -------      -----

                     99        Certification Pursuant to 18 U.S.C. Section 1350,
                               as Adopted Pursuant to Section 906 of the
                               Sarbanes-Oxley Act of 2002

                  (b)   Reports on Form 8-K

                  None

                                       12

<PAGE>

SIGNATURES

Pursuant to the  requirements  of the Exchange Act, the  registrant  caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.

                                       High Country Bancorp, Inc.
                                       Registrant

     Date  November 8, 2002            /s/ Larry D. Smith
           ----------------            ----------------------------------------
                                       Larry D. Smith
                                       President and Chief Executive Officer
                                       (Duly Authorized Officer)



     Date  November 8, 2002            /s/ Frank L. DeLay
           ----------------            ----------------------------------------
                                       Frank L. DeLay
                                       Chief Financial Officer
                                       (Principal Financial Officer)


                                       13

<PAGE>

                                  CERTIFICATION

I,  Larry D.  Smith,  President  and Chief  Executive  Officer  of High  Country
Bancorp, Inc., certify that:

1. I have reviewed this quarterly report on Form 10-QSB of High Country Bancorp,
Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed  such  disclosure  controls and  procedures  to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others  within those  entities,  particularly  during the
period in which this quarterly report is being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of
the  disclosure  controls  and  procedures  based  on our  evaluation  as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
the  registrant's  board of  directors  (or persons  performing  the  equivalent
function):

a) all significant  deficiencies in the design or operation of internal controls
which  could  adversely  affect the  registrant's  ability  to record,  process,
summarize and report  financial data and have  identified  for the  registrant's
auditors any material weaknesses in internal controls; and

b) any  fraud,  whether  or not  material,  that  involves  management  or other
employees who have a significant role in the registrant's internal controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 8, 2002
                                      /s/ Larry D. Smith
                                      --------------------------------------
                                      Larry D. Smith
                                      President and Chief Executive Officer


<PAGE>

                                  CERTIFICATION

I, Frank L.  DeLay,  Chief  Financial  Officer of High  Country  Bancorp,  Inc.,
certify that:

1. I have reviewed this quarterly report on Form 10-QSB of High Country Bancorp,
Inc.;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed  such  disclosure  controls and  procedures  to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others  within those  entities,  particularly  during the
period in which this quarterly report is being prepared;

b) evaluated  the  effectiveness  of the  registrant's  disclosure  controls and
procedures  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of
the  disclosure  controls  and  procedures  based  on our  evaluation  as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
the  registrant's  board of  directors  (or persons  performing  the  equivalent
function):

a) all significant  deficiencies in the design or operation of internal controls
which  could  adversely  affect the  registrant's  ability  to record,  process,
summarize and report  financial data and have  identified  for the  registrant's
auditors any material weaknesses in internal controls; and

b) any  fraud,  whether  or not  material,  that  involves  management  or other
employees who have a significant role in the registrant's internal controls; and

6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 8, 2002

                                          /s/ Frank L. DeLay
                                          --------------------------------------
                                          Frank L. DeLay
                                          Chief Financial Officer