SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (date of earliest event reported): August 6, 2003

                       High Country Financial Corporation
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



       North Carolina                   000-1177182              01-0731354
 ----------------------------      --------------------      -------------------
(State or other jurisdiction      (Commission File No.)      (IRS Employer
  of incorporation)                                          Identification No.)




                               149 Jefferson Road
                           Boone, North Carolina 28607
                           ---------------------------
                    (Address of principal executive offices)



Registrant's telephone number, including area code: (828) 265-4333
                                                    --------------


                                       N/A
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)








                       High Country Financial Corporation
                                      INDEX




                                                                            Page
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Item 7 - Exhibits                                                            3

Item 12 - Results of Operations and Financial Condition                      3

Signatures                                                                   4

Exhibit 99(a)  News Release dated August 6, 2003                             5-7





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Item 7. Exhibits:

This exhibit is being  provided  solely for the purpose of providing  disclosure
pursuant to Item 12 below.

     99(a) News Release dated August 6, 2003


Item 12. Results of Operations and Financial Condition

     On August 6, 2003, High Country Financial Corporation issued a news release
to announce its earnings for the quarter-to-date and year-to-date  periods ended
June 30, 2003. As of June 30, 2003 the Company had 1,419,809 shares outstanding.

Disclosures About Forward Looking Statements

     The  discussions  included in this  document  and its  exhibits may contain
forward  looking  statements  within  the  meaning  of  the  Private  Securities
Litigation Act of 1995,  including Section 21E of the Securities Exchange Act of
1934 and Section 27A of the  Securities  Act of 1933.  Such  statements  involve
known and unknown risks,  uncertainties  and other factors that may cause actual
results  to  differ  materially.  For the  purposes  of these  discussions,  any
statements  that are not  statements  of  historical  fact may be  deemed  to be
forward looking  statements.  Such statements are often characterized by the use
of qualifying words such as "expects,"  "anticipates,"  "believes," "estimates,"
"plans,"  "projects," or other statements  concerning  opinions or judgements of
the Company and its management about future events. The accuracy of such forward
looking  statements  could be affected by such  factors  as,  including  but not
limited to, the  financial  success or changing  conditions or strategies of the
Company's  customers  or vendors,  fluctuations  in interest  rates,  actions of
government  regulators,  the  availability  of capital and  personnel or general
conditions.

The news of this event was  released on August 6, 2003,  as evidenced by Exhibit
99(a) to this Form 8-K.


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                                   SIGNATURES

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 hereunto duly authorized.

                                             HIGH COUNTRY FINANCIAL CORPORATION


Date: August 6, 2003                         By: /s/ John M. Brubaker
                                                 -------------------------------
                                                 John M. Brubaker, President and
                                                 Chief Executive Officer


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