UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                              --------------------

                                  FORM 10-KSB/A
                                (Amendment No. 1)
(Mark One)

[X]      ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
         OF 1934.
         For the Fiscal Year Ended June 30, 2003.
                                       OR
[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934.

For the transition period from __________to __________

                         Commission File Number: 0-23409
                                                 -------

                           HIGH COUNTRY BANCORP, INC.
                  --------------------------------------------
                 (Name of Small Business Issuer in Its Charter)

        COLORADO                                                84-1438612
--------------------------                                     -------------
(State or 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)                          (Zip Code)

         Issuer's Telephone Number, Including Area Code: (719) 539-2516
                                                         --------------
    Securities registered pursuant to Section 12(b) of the Exchange Act: NONE

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

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                     --------------------------------------
                                (Title of Class)

     Check  whether  the issuer:  (l) 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
   ------   -----

     Check if there is no disclosure  of  delinquent  filers in response to Item
405 of Regulation S-B is not contained in this form,  and no disclosure  will 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-KSB
or any amendment to this Form 10-KSB. [X]

     State  registrant's  revenues for its most recent fiscal year:  $14,832,150
                                                                     -----------

     The aggregate market value of the voting stock held by nonaffiliates of the
registrant based on the last sale of which the registrant was aware ($31.15) per
share on September 15, 2003), was approximately $16,545,914. Solely for purposes
of this calculation,  the term "affiliate" refers to all directors and executive
officers of the registrant and all  stockholders  beneficially  owning more than
10% of the registrant's common stock.

     As of September 15, 2003, there were issued and outstanding  901,704 shares
of the registrant's common stock.

     Transitional Small Business  Disclosure Format (check one): YES     NO X
                                                                    ----   ----

                       DOCUMENTS INCORPORATED BY REFERENCE

     1. Portions of Annual Report to Stockholders for the Fiscal Year Ended June
30, 2003 (Parts II and III)

     2. Portions of Proxy  Statement for the 2003 Annual Meeting of Stockholders
(Part III)


<PAGE>

EXPLANATION FOR AMENDMENT:

     The  Annual  Report  on Form  10-KSB of High  Country  Bancorp,  Inc.  (the
"Company")  for the fiscal year ended June 30, 2003,  filed with the  Securities
and Exchange  Commission  on  September  29, 2003,  is being  amended  hereby to
correct the beneficial  ownership  information of the Company's common stock for
one of the Company's directors.

                                       1
<PAGE>
                                    PART III

ITEM 11.  SECURITY  OWNERSHIP OF CERTAIN  BENEFICIAL  OWNERS AND  MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS
--------------------------------------------------------------------------------

     (a) SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

     Persons and groups beneficially owning more than 5% of the Company's Common
Stock are  required  to file  certain  reports  with  respect to such  ownership
pursuant to the  Securities  Exchange  Act of 1934,  as amended  (the  "Exchange
Act"). The following table sets forth certain information as to the Common Stock
beneficially owned by any person or group of persons who is known to the Company
to be the beneficial  owner of more than 5% of the Company's  Common Stock as of
September 30, 2003.
<TABLE>
<CAPTION>

                                                                                 PERCENT OF SHARES
NAME AND ADDRESS                             AMOUNT AND NATURE OF                 OF COMMON STOCK
OF BENEFICIAL OWNER                         BENEFICIAL OWNERSHIP (1)              OUTSTANDING (2)
-------------------                         ------------------------             ----------------
<S>                                                     <C>                             <C>
High Country Bancorp, Inc.                         101,894  (3)                       11.30%
Employee Stock Ownership
   Plan ("ESOP")
7360 West US Highway 50
Salida, Colorado  81201

Donald Leigh Koch                                   88,982  (4)                        9.87
4 Muirfield Lane
St. Louis, Missouri 63141

Larry D. Smith                                      70,864  (5)                        7.55
7360 West US Highway 50
Salida, Colorado  81201

Scott G. Erchul                                     49,036  (6)                        5.27
7360 West US Highway 50
Salida, Colorado  81201

MidCountry Financial Corp.                          45,595  (7)                        5.06
P.O. Box 4164
Macon, Georgia  31208
</TABLE>

---------------------
(1)  Includes all shares held  directly as well as by spouses or as custodian or
     trustee for minor  children,  and shares held by a group acting in concert,
     over which shares the named  individuals  effectively  exercise sole voting
     and investment  power,  or for a group acting in concert,  share voting and
     investment power.
(2)  901,704 shares of Common Stock were outstanding as of September 30, 2003.
(3)  These  shares are held in a suspense  account for future  allocation  among
     participating  employees as the loan used to purchase the shares is repaid.
     The ESOP  trustees,  currently  Directors  Glenn,  Young and Harsh vote all
     allocated  shares in  accordance  with  instructions  of the  participants.
     Unallocated  shares and shares for which no instructions have been received
     generally are voted by the ESOP trustees in the same ratio as  participants
     direct the voting of allocated shares or, in the absence of such direction,
     as directed by the Company's Board of Directors.  As of September 30, 2003,
     58,030 shares had been allocated.
(4)  Based on  Amendment  No. 5 to  Schedule  13G filed on  February  21,  2003.
     Includes shares  beneficially  owned by Mr. Koch and his spouse and by Koch
     Asset  Management,  L.L.C.,  an  investment  advisor to various  individual
     clients. Mr. Koch is sole Managing Member of Koch Asset Management, L.L.C.
(5)  Includes  36,368  shares that may be acquired  upon the exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not include 17,254 shares held by the Salida Building and Loan  Association
     Long-Term  Incentive Plan ("LTIP") trust for the benefit of Mr. Smith;  Mr.
     Smith bears the economic  risk  associated  with such shares,  but does not
     have voting or investment power over such shares.
                                              (footnotes continued on next page)

                                       2
<PAGE>

(6)  Includes  29,095  shares that may be acquired  upon the exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not  include  7,041  shares  held by the LTIP trust for the  benefit of Mr.
     Erchul; Mr. Erchul bears the economic risk associated with such shares, but
     does not have voting or investment power over such shares.
(7)  Based on a Schedule 13D filed on September 9, 2002.


(b)      SECURITY OWNERSHIP OF MANAGEMENT

     The following  table sets forth,  as of September 30, 2003,  the beneficial
ownership  of the  Common  Stock by each of the  Company's  directors  and Named
Executive Officers, and by all directors and executive officers as a group.
<TABLE>
<CAPTION>

                                                                          BENEFICIAL OWNERSHIP (1)
                                                              ---------------------------------------------
                                                               NUMBER                      PERCENTAGE OF
         NAME                                                 OF SHARES                 SHARES OUTSTANDING
         ----                                                 ---------                 ------------------
         <S>                                                    <C>                             <C>
         Larry D. Smith                                       70,864 (2)                        7.55%
         Scott G. Erchul                                      49,036 (3)                        5.27
         Timothy W. Glenn                                     39,506 (4) (5)                    4.35
         Philip W. Harsh                                      43,361 (4) (6)                    4.77
         Richard A. Young                                     28,660 (4) (7)                    3.15

         All Directors and Executive Officers                231,427 (8)                       23.40
           as a Group (6 Persons)
</TABLE>

----------
(1)  Includes all shares held  directly as well as by spouses or as custodian or
     trustee for minor  children,  and shares held by a group acting in concert,
     over which shares the named  individuals  effectively  exercise sole voting
     and investment  power,  or for a group acting in concert,  share voting and
     investment power.
(2)  Includes  36,368  shares that may be acquired  upon the exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not  include  17,254  shares  held by the LTIP trust for the benefit of Mr.
     Smith;  Mr. Smith bears the economic risk associated with such shares,  but
     does not have voting or investment power over such shares.
(3)  Includes  29,095  shares that may be acquired  upon the exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not  include  7,041  shares  held by the LTIP trust for the  benefit of Mr.
     Erchul; Mr. Erchul bears the economic risk associated with such shares, but
     does not have voting or investment power over such shares.
(4)  Excludes shares with respect to which Directors Young,  Glenn and Harsh may
     have "voting power" by virtue of their  positions as trustees of the trusts
     holding  101,894  shares under the ESOP and 50,767  shares under the 401(k)
     plan.  Unallocated  ESOP shares and shares for which no  instructions  have
     been  received  generally  are voted by the  trustees  in the same ratio as
     participants  direct the voting of  allocated  shares or, in the absence of
     such  direction,  as directed by the Company's  Board of  Directors.  As of
     September 30, 2003,  58,030 shares had been  allocated.  Shares held in the
     401(k) plan are voted as directed by the plan participants.
(5)  Includes  7,273  shares that may be acquired  upon the  exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not include  4,298  shares which are held by the LTIP trust for the benefit
     of Mr.  Glenn;  Mr.  Glenn bears the  economic  risk  associated  with such
     shares, but does not have voting or investment power over such shares.
(6)  Includes  7,273  shares that may be acquired  upon the  exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not include  2,958  shares which are held by the LTIP trust for the benefit
     of Mr.  Harsh;  Mr.  Harsh bears the  economic  risk  associated  with such
     shares, but does not have voting or investment power over such shares.
(7)  Includes  7,273  shares that may be acquired  upon the  exercise of options
     exercisable  within 60 days of September  30, 2003.  The listed amount does
     not include  3,963  shares which are held in the LTIP trust for the benefit
     of Mr.  Young;  Mr.  Young bears the  economic  risk  associated  with such
     shares, but does not have voting or investment power over such shares.
(8)  Includes  87,282  shares that may be acquired  upon the exercise of options
     exercisable within 60 days of September 30, 2003.

(c)  CHANGES IN CONTROL

     Management of the Company knows of no arrangements, including any pledge by
any  person  of  securities  of the  Company,  the  operation  of which may at a
subsequent date result in a change of control of the registrant.


                                       3
<PAGE>

EQUITY COMPENSATION PLANS

     The  following  table sets forth  certain  information  with respect to the
Company's equity compensation plans as of June 30, 2003.
<TABLE>
<CAPTION>
                                                (a)                             (b)                           (c)
                                                                                                  Number of securities remaining
                                                                                                  available for future issuance
                                Number of securities to be issued   Weighted-average exercise       under equity compensation
                                 upon exercise of outstanding         price of outstanding         plans (excluding securities)
Plan Category                    options, warrants and rights     options, warrants and rights       reflected in column (a))
-------------                   --------------------------------- ----------------------------    ------------------------------
<S>                                             <C>                            <C>                             <C>
Equity compensation plans                     116,376                        $13.125                        29,099
  approved by security holders

Equity compensation plans not                       0                              0                             0
  approved by security holders

       Total                                  116,376                        $13.125                        29,099

</TABLE>


ITEM 13.  EXHIBITS LIST AND REPORTS ON FORM 8-K

     (a)  List of Documents Filed as Part of This Report
          ----------------------------------------------

          (1)  Consolidated   Financial  Statements.   The  following  financial
               -------------------------------------
               statements of the  registrant  are included  herein under Item 7.
               The remaining  information  appearing in the Annual Report is not
               deemed to be filed as part of this Annual  Report on Form 10-KSB,
               except as expressly provided herein.

               Independent Auditor's Report

               (a)  Statements  of  Financial  Condition as of June 30, 2003 and
                    2002
               (b)  Statements  of Income for the Years  Ended June 30, 2003 and
                    2002
               (c)  Statements  of Equity for the Years  Ended June 30, 2003 and
                    2002
               (d)  Statements  of Cash Flows for the Years  Ended June 30, 2003
                    and 2002
               (e)  Notes to Financial Statements

          (2)  Financial Statement Schedules. None

          (3)  Exhibits. The following exhibits are either filed as part of this
               ---------
               Annual Report on Form 10-KSB or incorporated herein by reference:

   Exhibit No.    Description
   -----------    -----------

    *3.1          Articles of Incorporation of High Country Bancorp, Inc.

    *3.2          Bylaws of High Country Bancorp, Inc.

   *10.1          Employment Agreement between Salida Building and Loan
                  Association and Larry D. Smith+

   *10.2          Guaranty Agreement between High Country Bancorp, Inc. and
                  Larry D. Smith+

   *10.3          High Country Bancorp, Inc. 1997 Stock Option and Incentive
                  Plan+

   *10.4          High Country Bancorp, Inc. Management Recognition Plan and
                  Trust+

                                       4
<PAGE>

   *10.5          Salida Building and Loan Association Long-Term Incentive Plan+

   *10.6          Salida Building and Loan Association Incentive Compensation
                  Plan+

   *10.7          Employment Agreement between Salida Building and Loan
                  Association and Scott G. Erchul+

   *10.8          Guaranty Agreement between High Country Bancorp, Inc. and
                  Scott G. Erchul+

    13            Annual Report to Stockholders for the year ended June 30, 2003
                  (1)

    21            Subsidiaries (1)

    23            Consent of Grimsley, White & Company (1)

    31.1          Rule 13a-14(a) Certification of Chief Executive Officer

    31.2          Rule 13a-14(a) Certification of Chief Financial Officer


    32            Certification Pursuant to 18 U.S.C. Section 1350

-------------
*    Incorporated  by reference from  Registration  Statement on Form SB-2 filed
     January 27, 1997 (File No. 333-34153).
+    Management contract or compensatory plan or arrangement.
(1)  Previously filed.

         REPORTS ON FORM 8-K.
         --------------------

     The  Company  filed the  following  Current  Report on Form 8-K  during the
fourth quarter of the fiscal year ended June 30, 2003:

 DATE OF REPORT            ITEM(S) REPORTED           FINANCIAL STATEMENTS FILED
 --------------            ----------------           --------------------------

  May 1, 2003                   7, 12                           N/A


                                       5
<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  of Section 13 or 15(d) of the Exchange  Act,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                    HIGH COUNTRY BANCORP, INC.


Date:  January 8, 2004              By: /s/ Larry D. Smith
                                        ---------------------------------------
                                        Larry D. Smith
                                        President and Chief Executive Officer
                                        (Duly Authorized Officer)