| Business Summary | | High
Country
Bancorp,
Inc.
was
incorporated
for
the
purpose
of
becoming
a
savings
and
loan
holding
company
for
Salida
Building
and
Loan
Association,
which
changed
its
name
to
High
Country
Bank.
The
Company
engages
in
no
significant
activity
other
than
investing
the
proceeds
of
the
offering
of
Common
Stock
which
it
retained,
holding
the
stock
of
the
Bank
and
operating
the
business
of
a
savings
association
through
the
Bank.
High
Country
Bank
has
operated
as
a
traditional
savings
institution
by
emphasizing
the
origination
of
loans
secured
by
one-
to
four-family
residences.
The
Bank
has
significantly
increased
its
origination
of
consumer,
commercial
business
and
commercial
real
estate
loans,
including
loans
for
the
purchase
and
development
of
raw
land,
all
of
which
loans
have
been
originated
in
its
market
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | High
Country
Bancorp,
Inc.
is
a
savings
and
loan
holding
company
for
Salida
Building
and
Loan
Association.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
30%
to
$9
million.
Net
interest
income
after
loan
loss
provision
rose
15%
to
$4.1
million.
Net
income
rose
15%
to
$877
thousand.
Results
reflect
loan
growth,
partially
offset
by
higher
interest
costs
on
federal
home
loan
bank
advances,
and
higher
compensation
and
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Mitchell, 75 Chairman | -- | Larry Smith, 42 Pres
and Chief Exec. Officer | $179K | Frank DeLay, 36 CFO | -- | Scott Erchul, 38 VP | -- | Richard Young, 46 Sec.
and Treasurer | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|