High Country Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 19, 2020 at 01:11 am EST
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High Country Bancorp, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced net interest income was USD 3.745 million compared to USD 3.390 million a year ago. Net income was USD 1.180 million compared to USD 964,000 a year ago. Basic earnings per share was USD 1.4 compared to USD 1.15 a year ago. Diluted earnings per share was USD 1.29 compared to USD 1.05 a year ago. For the half year, net interest income was USD 7.377 million compared to USD 6.737 million a year ago. Net income was USD 2.308 million compared to USD 2.023 million a year ago. Basic earnings per share was USD 2.75 compared to USD 2.41 a year ago. Diluted earnings per share was USD 2.52 compared to USD 2.2 a year ago.
High Country Bancorp, Inc. is a bank holding company. The Company has two wholly owned subsidiaries, High Country Bank (the Bank) and B.Ass. Co., Inc. (B.Ass). The Bank is a chartered commercial bank, which provides a variety of financial services for the area it serves. The Bankâs primary deposit products are noninterest-bearing and interest-bearing checking accounts, savings accounts, and time deposit accounts. The Bankâs primary lending products are real estate mortgage, construction, consumer and commercial loans. Deposit accounts of the Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to certain limitations. The Bank's loan portfolio segments are real estate loans, commercial loans, and consumer and other loans. The Bank pays a premium to the FDIC for the insurance of such deposit accounts. The Bank conducts business through its main office in Salida, Colorado and branch offices in Salida, Buena Vista, Canon City and Longmont, Colorado.
HIGH COUNTRY BANCORP, INC. 
